Quote from: Red-Apple on June 23, 2016, 02:32:12 PM

Quote from: bitcoin730 on June 23, 2016, 01:32:24 PM

Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies ?

Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

what are you trying to compare bitcoin to when you talk about the power of bitcoin?

if you mean bitcoin is powerful among other cryptocurrencies like the ones that you have named in you comment then i agree because none of the other cryptos (altcoin) are even close to bitcoin in usability.

but if you are comparing bitcoin as a currency with other currencies in general like USD, EUR,... then bitcoin has very little power since the percentage of usage of bitcoin is very small comparing to others.

I agree on this statement. Bitcoin as the mother of crypto surely be the most powerful of them, almost all of the new crypto is either clone or fork of Bitcoin. But in real world where real fiat money is there to be compared,, bitcoin is just a baby that has little to no power at this moment but has a great potential if given a chance by the government.