Quote from: expert4knowledge on June 23, 2016, 10:32:18 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.

I agree and disagree with some parts of your statement. Bitcoin in pioneer so it is the most powerful but I am not sure it is increasing exponentially, the more people come to internet exchange the more bitcoin fans will be attracts.

I agree with the explanation on how it is powerful compared to other cryptocurrencies. But what makes it powerful to the other investment instruments (like stocks, bonds, etc.) is it's ability to be traded easily. All you need to have is a Bitcoin address which can be done in your device and trade as well in your device. There are no need of personal confirmation and minimum required investment. In fact you can create an account and not trade yet if you are waiting for a lower price.