Post
Topic
Board Economics
Re: Why Bitcoin has power nowadays ?
by
ViperCS
on 01/10/2017, 04:36:12 UTC
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.


Main reasons are Safe Alternative in a Cashless Society
Bitcoin and other cryptocurrencies represent a solution if the Fed abolishes cash.Instead, all transactions will occur electronically through the banking system.
That way, the Fed and other central banks can set interest rates to negative 5% if they want to, and we’ll have no other alternatives. Bitcoin allows you to bask in the glory of a borderless currency one that lies far beyond the reach of any single government or dictator.