I greet everybody.
I dey see some people talk say watin really they exceptional about Bitcoin and why must they use it. So I just say make I put down this one to help people no why Bitcoin dey exceptional and good to use and get.
Any body way get more ideas fit still add to this one I done write, if I make any mistake too I dey open for correction.
Decentralization.
Bitcoin no get central authority, all of us they use the same basic software and we get the same right and privilege.
No federal bank way go come inflate the currency at their will and no authority way go come put rules and regulations.
E no dey possible to shut down Bitcoin like the way CBN shut down heritage bank.
No politician or government for the world fit influence Bitcoin and nothing like race, religion, social status or gender they exist for the use of Bitcoin.
You said well on this, I like the fact that Bitcoin doesn't have any authority behind it and this is the main reason why Bitcoin is still in existence till date, with the way Bitcoin and it's decentralize nature is, the government is scared of it because they can't do anything to make it centralize. However Bitcoin is a safe heaven investment because it's decentralize.
Ownership.
Bitcoin na your own, e no dey like Nigeria naira or dollar way government fit manipulate any how.
You fit use your Bitcoin as you want, no body fit froze your account.
If you create a wallet and you found it with Bitcoin (no matter the figures) it's yours and nothing can change it unless you misplaced your seed phrase or logins to your wallet or your exchange. Although we know that the seed phrase is the very important thing one should keep safe because if it gets lost the bitcoin on the wallet which seed phrase has lost will no longer belongs to you until you are lucky to recover your seed phrase from where it was. So as long as your seed phrase is still with you or in your custody you still have access to your Bitcoin and that is the exact reasons why the Bitcoin inside the wallet you possess is yours.
Divisibility.
You fit divide your Bitcoin into 8th decimal and the sweet thing be say no transaction fees like they way we dey pay for bank.
Yeah it's true, since 1 Bitcoin is at the price it is now you can convert it to naira and you could know the exact figures it is when you convert it to naira. So as 1 Bitcoin is above a 100 million in naira and you know how the economy of Nigeria is now, you can chose to invest only the amount you can afford for now and each amount you can afford has its own figured, which means the amount you buy determines the figures you get in BTC. Since Bitcoin and wallets has to do with privacy, it's better for an invest to keep his/her Bitcoin on one wallet then protect the wallet with everything possible.
Privacy.
Better privacy they for Bitcoin no body fit trace you with your Bitcoin address, en they very save to use and you fit create as many Bitcoin address way you go use do your transactions as you want.
Privacy is what really matters mate. One can easy be tracked through his or her bank account name and identities and the transaction he or she did because everything thing that's concerns fiat is known by CBN because every fiat bank is connected with CBN and their governments.
The only thing one can do is go teach a transaction through mempool and can also check balance in the wallet and few other things. That is why it's very important for a bitcoiner to use a wallet that doesn't requires any KYC so that they can not be tracked if anything happens.
Transparency.
Bitcoin they very transparent since all transactions they logged by the network so e they very easy to publicize them if person want, and e dey allow everybody to check them with confidence.
Yeah it's true, it's transparency nature help anyone to see any transaction that's done.
Security.
Bitcoin they more secured than any monetary system for the world. The kind mathematical technology way them use create Bitcoin they very good na why no body fit manipulate Bitcoin system.
Security is very important when it has something to do with money, investment or asset.
Full assurance and trust.
For Bitcoin you no need to fear anything like third party involvement, like when you send money to person, bank con hold am con dey ask ask you questions bring this bring that, inside Bitcoin nothing like that they happen.
If you know what exactly you are doing there's is no need for you to have double thoughts on your transaction or give afraid of any cautions. There was a time I did a transaction with fiat from my account to my other account, and the transaction was pending for weeks then I have to go to the bank to rectify the issue, but it was funny how I spent a lot of time at the bank with resolving the issue that day, then the next day I woke up early just to go to the bank again.
Mitigate Risk.
If them breach the security of person way u send money to you go dey save 100% because no information about you person fit use trace you they for the transaction.
Na why you see say gist lover they only accept payment for advert through Bitcoin so nobody fit trace am.
Perfectly said.
Limited quantity.
The number of Bitcoin na something way everybody no and no body fit change am or bring in more Bitcoin. So possibility no dey for further inflation or to manipulate the money supply.
Absolutely.