What’s the SINGLE most valuable benefit for you in Bitcoin and why?

[sana54210]

All choices are beneficial but I will choose the first one. No central authority. It could have been no worries for us to do bitcoin transactions. They can not interfere with the said transactions. Also, the single most valuable benefit of bitcoin for me is I've been using it most of the times for paying my personal bills. More convenient for a busy person like me to do digital payments.

With this finite supply, bitcoin will become very scarce in future and once it becomes scarce, the value will continue to appreciate till it get to final peak which many believes to be 1 million dollars, and this is exactly what I like about bitcoin.

The future I can see in it and financial freedom I will finally have in some years’ time when this happens, by then, I can confidently have about $450 million dollars with my 3 bitcoin because till then before I can sell off the one I have set aside to hold for a very long time no matter the increase we see for now, and I like that fact that by then, I will be able to move my transactions easily and freely without any part involved to question how I got my money.

[satriagedhe]

the limitless transfer are really benefit for me it help me to expand my business into other country and make my business bigger

[hatshepsut93]

PS: To the mention above topic of finite supply it can be added that forks and forks can be “created out of thin air” and parallel economies created etc. So to me it doesn’t sound much as a convincing value as proven so far, but I might be wrong on it and would like to see why ASAP in that case.

I've heard this argument so many times, how can people not understand that it's completely wrong? Here's an illustration - you can fork the US dollar by drawing presidents on pieces of paper and saying that those are US dollars - no one is going to accept them. Same with forks, they are not Bitcoins, they are shitcoins that no one wants, they only have value because of speculators who are ready to gamble with any coin.

[gentlemand]

At present I'm enjoying the immunity from the moves GBP is making. Its future is likely to not be all that bright. I well remember the day of the Brexit result. Combined with other investments being abroad it was a rather large bump in my net worth in a matter of minutes.

I may wind up emigrating as Britain degrades into a mindless, skint fuckhole and by that point there could be capital controls and all sorts in place so the idea of being able breeze away without any encumbrances is refreshing.

[coolcoinz]

I'd put many small benefits into one category, that is safety.
By owning Bitcoin I'm safe from government surveillance. Safe from inflation and monetary policies. Safe from stupid laws, like the ones that limit the amount of money I can withdraw at once or take out of the country. I don't have to explain why I sent more than €20k to someone and what where did the money originated from.
Nobody can profile me when they don't know how much money I have and how much I earn per month. I'm not their typical brainwashed citizen who works overtime to pay mortgage and keeps everything in the bank.

[aioc]

For me is it Can transfer large amounts anywhere anytime (permissionless) without third-party interference, this is the reason why governments are afraid terrorist might use this feature, it has become easy to launder money because of this, this feature has advantages and disadvantages to the community.

[rdluffy]

Nice thread  
For me, the most valuable benefit it's the fact I can gain money, invest and be part of my future

[xSkylarx]

The most valuable benefit of bitcoin for me is the use of it as payment. I can buy things online, pay it directly then delivered to our house after few days. I don't need to go at atm machines just for that. I can even pay our bills and have a small cashback on it.

[redsun114]

People are forgetting the transparency of blockchain while they are talking about benefits, yes it helps us a lot for a global connection where everyone anywhere in the world can send and receive money from each other much easier with bitcoin and crypto but without the transparency we wouldn't have the current system neither.

Blockchain allowed us to have security as well, paypal would work just as fine as bitcoin if blockchain didn't exist, people would just send and receive money like they want but thanks to blockchain more things are capable for us like not double spending or no double chargers or no chargebacks, all thanks to bitcoin. Some of them could be beneficial to some people but for some people having those options would be bad.

Like you can sell something to someone and they can do a chargeback and you are now both minus one product plus minus that money so you are in loss, blockchain stops that.

[buwaytress]

In crypto we can trade anytime unlike in real world stock market, it is decentralised, permission less, bitcoin gives too much benefit like we were able to earn by trading, fast and smooth transactions even in bulk sending of payments. And those days it pump too much we were able to have investment or money to do more of what we wanted.

This is it for me, when talking about money and Bitcoin as money. I'm a typical Bitcoin guy really, I like it for its design, I love it for the work put into it, but really, if we have to talk about Bitcoin as money, which is why I'm into it in the first place, then this one is the single most valuable benefit: I can sell or buy it any time and any where in the world.

I'm talking literally too. Try doing that with US dollars. You'd need to find a moneychanger first.

[South Park]

I know there might be more, so feel free to add them or reply here and I’ll find a way to count them in and group then.

The goal here is to find some insights in what we are really investing in. Ex: some people say Bitcoin is valuable because is scarce and finite, therefore allowing a more stable economy.  I would argue that, even if it is finite, if the holders or players in that finite economy have in unbalanced and excessive amount of Bitcoin then (or mining power, which is another topic but we cannot reason on it as the same level as BTC as it’s much more easily seizable in the physical world) then not much wouldn’t change to the current system, just the players ruling the monetary rules would differ.

In doing so and based on the answer, I’d like to argue all together on what stands true, and therefore, find what we’re really “value investing” in.  

PS: To the mention above topic of finite supply it can be added that forks and forks can be “created out of thin air” and parallel economies created etc. So to me it doesn’t sound much as a convincing value as proven so far, but I might be wrong on it and would like to see why ASAP in that case.

There are many characteristics of bitcoin that I love but the one I like the most is the fact that no one except yourself has access to your coins, we have seen how when an economic crisis strikes governments will freeze the assets of people or will take haircuts from their bank accounts, which is nothing but stealing from them and trying to make it seem as if it is a fair thing to do, but that is impossible to do with bitcoin so it does not matter how many forks of bitcoin are created my bitcoin will be safe in my wallet.

[davinchi]

Even it is risky, bitcoin is very profitable for both trading and long term holding. You only need to learn on how to handle bitcoin effectively so you can gain substantial benefits from it. The continuing adoption of bitcoin will further boost the price of it and this will also benefits many investors that been holding their coins for some months or years. Bitcoin provide many benefits but the most important benefit for me is that no one control it, not even the governments.

Why is everyone afraid of government LOL. I guess this is really a battle line that has been drawn between cryptocurrency users and the government as regards financial tools.

For me, that is not what is outstanding to me in cryptocurrency, the fact that I can conduct my transaction easily and fast without much restriction, which I will still say has to do with government though, but the restriction of not being able to make payment to some other parts of the world easily because of the distance despite the existence of credit cards and western union which Bitcoin has completely solved is what makes me crazily in love with cryptocurrency more.

[Thanasis]

Most benefit of crypto currency is transferring huge amount without much effort if it is done via fiat lot of process needs to be cleared and also we need to give the source of that money or our account is in the danger of blocked.

But lot other benefits as mention in the pool.

[Questat]

I voted for " Cannot be seized by a central authority ", I believe with that, we have a freedom to transact online without fear that our money will be lost. As long as we do it in a P2P transaction, there's no government involved on it, and we can do it anytime as they cannot stop the miners who are spreading all over the world, even if bitcoin will become illegal in most countries, but we can use one country to operate and mine crypto so the system will always be live.

[playboy654]

All those points attracted me to use bitcoin to be honest so can't point out single thing as benefit.

But I feel that finite number of coins made everyone to look it as better than fiat.

[jostorres]

the SINGLE most valuable benefit for me in Bitcoin is income or profit . yes you heard it right , i use my bitcoin as a form of investment and i earn cash regularly due to the interest that i got from bitcoins whenever the price rise  but income is not the only benefit that bitcoin provides me because i also use my bitcoin as a form of medium to buy stuffs online . few items that i buy are prepaid load or data for my phone and diamonds or in game currencies for my mobile games   .

It is better you continue to keep your mind more on the utility part of it so that you don’t get discouraged when it can no longer be used for trading in future, because the time is fast approaching, when the market of bitcoin will have like zero volatility when most of the remaining supply has been bought and there is no much coins to move around the market again, then bitcoin will only be used by users that has it to purchase goods and services, and also hold it as store of value, so make use of all the opportunity you have now to make money from your investment before you can no longer be able to trade with it again.

[Rufsilf]

Aside from the fact that it is a very valuable and proven to be very profitable investment vehicle, bitcoin can makes payment seamless and fast even if one is located in the other half of the globe. I know there can be maybe a faster way to send payment but with bitcoin we are not anymore dealing with financial intermediaries like banks or remittance centers. I know there are also alts that maybe better than bitcoin but since they are not as popular or pervasive as bitcoin they are not called alts for nothing. Now, to make things a little bit romantic, bitcoin is putting the control and freedom right into our fingertips -- something that the government monopolized before.

Indeed, bitcoin is a very profitable investment especially now that the coin is showing its bullish trend, also making payments is fast is really convenient and stress free because it can be transferred in a span of like max of 30 mins regardless of where are you located.

[RealMalatesta]

Most benefit of crypto currency is transferring huge amount without much effort if it is done via fiat lot of process needs to be cleared and also we need to give the source of that money or our account is in the danger of blocked.

But lot other benefits as mention in the pool.

This aspect of it would really be of more beneficial to large scale industries who need to move large amount of money from time to time without having it get delayed by government through their unnecessary verification's just to calculate what will be their benefits there, it will even save them more cost compared to the charges the authority will slam on them for transacting business with such huge amount of money.

It is also beneficial to individual,because I have seen case where money that means nothing to you get queried on by the bank, and you even get lots of policies that will restrict the account for operating such amount of money without opening a special account, but with crypto, everyone has equal right to amount of transaction that can be carried out using cryptocurrency.

[ZenGo]

I appreciate having an asset that I don't need to rely on anyone else to hold. I also think that Bitcoin is the first in a brilliant and ambitious quest to find a successful way of enabling decentralized consensus. I want to be involved in that process.

[Lawrenzoo]

I know there might be more, so feel free to add them or reply here and I’ll find a way to count them in and group then.

The goal here is to find some insights in what we are really investing in. Ex: some people say Bitcoin is valuable because is scarce and finite, therefore allowing a more stable economy.  I would argue that, even if it is finite, if the holders or players in that finite economy have in unbalanced and excessive amount of Bitcoin then (or mining power, which is another topic but we cannot reason on it as the same level as BTC as it’s much more easily seizable in the physical world) then not much wouldn’t change to the current system, just the players ruling the monetary rules would differ.

In doing so and based on the answer, I’d like to argue all together on what stands true, and therefore, find what we’re really “value investing” in.  

PS: To the mention above topic of finite supply it can be added that forks and forks can be “created out of thin air” and parallel economies created etc. So to me it doesn’t sound much as a convincing value as proven so far, but I might be wrong on it and would like to see why ASAP in that case.

For now, i use it to trade to make money, and i also receive payments through it