Topic: Why Bitcoin is Different From Other Currencies? - page 9. (Read 4610 times)
because its different!...he created that way!...its a digital currency that is one of a kind feature that connect you to whole world imagine in just one click you can purchase, and you can also pay your bills through it and if you love to travel you can also use it, but most of all you can make a profit out of it by investing and saving money without having much fuss.
The difference between bitcoin and other currencies is that bitcoin was the first created decentralized digital currency that become famous and most valuable coins and it was the first coins that accepted by the people in crypto market. And now bitcoin was already use as payment method unlike other coins. Also you can't cash out tokens into a local money without exchange in bitcoin except dollar.
Bitcoin is different and even better than in the fiat currencies for me. Bitcoin is more special because it eliminated the series of third parties that makes your transaction expensive. With these third parties gone, buying products will be cheaper and also quicker.
Bitcoin is different from other currencies because it is simply made of digital technology and it is not the paper currency or coin we trade on a daily basis. It is built on technology. digit number
Bitcoin have many features that can't be found using fiat money. The main feature at my opinion is that bitcoin can be used almost everywhere witout exchanges and problems.
The main difference is proven security. In addition, bitcoin is the first crypto currency created, it is the most popular and has more opportunities in the market, supported by a large number of software. In bitcoin, money is invested by more people, including big businessmen.
Logically speaking, bitcoin has it uniqueness compared to local currencies as it is the first virtual currency at all times. Well, that's the reason why bitcoin has been created for some instance. Its reliable and very promising towards its users. Its really quite far to be compared.
Bitcoin is different in other currency because bitcoin is digital currency unlike the dollar, euro and other real currency. The demand of bitcoin is still changing the market so the price is still continued to increase or sometimes decrease. It will use as daily source of money today or in the future.
yes, that's what makes bitcoin different from fiat money. such as dollars or euros. in the course of its course is different and in government control is also different. fiat currency is controlled by the government while bitcoin is not controlled by the government. that's a lot of people who say that bitcoin is better than fiat currency. because with nothing to do with the government then any transactions or activities wherever using bitcoin will not be complicated. a surplus that can not be denied.
Bitcoin has been a leader as a means of accumulation for 8 years, leaving no chance for altcoins. Bitcoin's security is much higher in all respects than its younger altcoins counterparts.
Bitcoin is cryptographically encrypted, secured, peer to peer, decentralized and unique currency based on blockchain technology, which had never been existed before. So people are behind it.
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The main advantages of Bitcoin are network effect and proven security. And both of these advantages are almost out of competition.
Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
I believe the reason is that bitcoins are decentralised while all other currency are centralised ,
Being decentralised it helps bitcoins to maintain its anonymous nature , this way they can make their transactions safe and provide more privacy then any other currency.
Bitcoin is different because it uses technology and specifically block chain technology. It uses hashes to make its computes and its a form of digital currency that is not controlled by any authority. Bitcoin is something like the ideal currency, where people can use it wherever they want and whenever given that there is internet. Unlike fiat currency which is physical and credit and debit cards which is monitored by a system, Bitcoin is decentralized and on its own depending on its users.
Bitcoin is unique . The reason is you need more than half computing power that it is used today for transacting bitcoins which is impossible because the resources needed for this is very high.It is supported by a large number of software. In bitcoin, the money is invested by a larger number of people which significantly advantage over other crypto-currencies.
Perhaps what makes bitcoin different from other currencies is that bitcoin is anonymous and bitcoin can be an asset for long-term investing. Bitcoin itself is very unstable and easily up and down. Bitcoin is not linked to the bank and there is no tax for it.
Of course there is no other anonymous currency other than crypto, let alone bitcoin is not in the control of anyone including the government, in contrast to the fiat that is governed by the government so there is special control of the government, bitcoin does not have such thing, so full freedom for bitcoin users and thats make bitcoin different
The main difference between bitcoin and other currencies is that bitcoin is completely decentralized and no one can control its price. At present, apart from bitcoin, there are no fully decentralized currencies and crypto-currencies. Even Ethereum has founders who can change the rules if they want. This can not happen with bitcoin.
Bitcoin is different from other currencies like Dollars or Euros: BTC is limited to 21 million coins which should avoid inflation. BTC does have a particular characteristic that would be extremely difficult to substitute.
Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
So far, bitcoins have been the most sought after cryptocurrency to date, even beating the first ever cryptocurrency which is etherium. Almost every cryptocurrency out there compared to bitcoins are just the same, but the demand and the price for each is easily dominated by bitcoins.
The reason Bitcoin is so valuable today is that there can only be 21 Million Bitcoins within the network. After the last Bitcoin is purchased, people may begin trading in less which would make it more valuable. This value increase would be due to the limited supply of Bitcoin, matched with unlimited demand for this cryptocurrency.
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