Why Bitcoin is such a good coin

[Z-tight]

There willl be more people saving in bitcoin and spending the dollar than the other way around even with any other coin.

That is simply because fiat is affected by inflation, unlike BTC, if you look at inflation rise since covid, you'll see how much people's purchasing power has been constantly reducing up until now. However, that is not the case with BTC, in the long run the price rises and if you are patient to store it, your coins will be worth more, so it is only wise that people spend the coin that depreciates due to inflation.

[Stalker22]

Well can't blame other people whose goal is to have quick money on crypto. I understand you for that but let's be honest, not all of us have the same privilege as you have, that has money allocated for investments. I myself started as selling a lot of BTCs back then because I NEED IT. I need that kind of money for me to grow that time and also to survive. People sell BTC because they need money, not because it’s the right time to sell. Yes, people are impatient, and we can't actually decide for them, their money and their decisions, that's why there are people who earn a lot and slurp those liquidity because there are people who sacrifice for it (those who sell those supply to deserving ones). But yes, I agree that if you really want a good investment, patience is the key but selling for needs is actually a different story, selling because lack of knowledge is the one we should be bother of.

You make a good point.  Its easy for someone like me to preach about long haul investing and biding your time when Im not scraping to get by each month.  For lotsa folks, crypto isnt about parking cash for later - its about covering this week groceries or making rent.  Totally different situation when you cash out cause you have no choice, not as some savvy strategy.  Youre not picking the perfect moment to sell; youre just trying to keep the lights on. The impatience you mentioned often isnt a character flaw; its a consequence of circumstance. After all, its their money, their life, their needs.

[davis196]

Thanks for repeating stuff that's being posted a million times on the forum, during the last 5-10 years.
This is a Bitcoin forum, are you trying to convince everyone that Bitcoin is great on a Bitcoin forum? What's the point?
The discussion about Proof-of-Work being superior than Proof-of-Stake is basically over. There's no point trying to convince anyone than PoW is superior than PoS, because we already know that PoW is better than PoS. It's like trying to convince someone that the sun is shining.
By the way, is this post AI generated? I'm too lazy to check this out. OP's wall of text doesn't add any new information to a discussion, that belongs to the past.

[Outhue]

I won't be here if not for the goodness of Bitcoin, I was amazed the first time I read about Bitcoin and since the centralised world was so unfair to me I started thinking about an escape and Bitcoin was well suited for my dream.

1. Bitcoin is fully open source.
2. Fully decentralised, uncontrollable.
3. It's PoW by nature, and it will remain PoW forever.
4. The creator is one of a kind, he knew the needful for Bitcoin to prosper as a decentralised digital currency, one of them is him becoming none existent after the work was done.

There will never be any one like Satoshi Nakamoto in this crypto space again, no one is willing to make a big sacrifice like he did without taking the credibility for the job well done.

Today's developers always want to be present, and be acknowledged about/for all they do.

[madnessteat]

^

How do you know that Satoshi Nakamoto was not rewarded for creating Bitcoin? He could easily have hundreds or thousands of addresses that to this day remain unconnected to his identity. I think if he is alive, he will obviously not use Bitcoin from publicly known addresses, as this could cause a negative reaction in the cryptocurrency community. But from time to time anonymous addresses from that time wake up and use Bitcoin. It is quite possible to assume that these addresses are Satoshi's. At least that's likely. To be a genius and not make money for a secure old age seems too stupid to me.

[nemesis_incarnate]

^

How do you know that Satoshi Nakamoto was not rewarded for creating Bitcoin? He could easily have hundreds or thousands of addresses that to this day remain unconnected to his identity. I think if he is alive, he will obviously not use Bitcoin from publicly known addresses, as this could cause a negative reaction in the cryptocurrency community. But from time to time anonymous addresses from that time wake up and use Bitcoin. It is quite possible to assume that these addresses are Satoshi's. At least that's likely. To be a genius and not make money for a secure old age seems too stupid to me.

We won't know the details about it anyways, and we shouldn't, imo.

BTC should remain the ideal coin for the space, incorruptable, so to speak.

[SuperBitMan]

^

How do you know that Satoshi Nakamoto was not rewarded for creating Bitcoin? He could easily have hundreds or thousands of addresses that to this day remain unconnected to his identity. I think if he is alive, he will obviously not use Bitcoin from publicly known addresses, as this could cause a negative reaction in the cryptocurrency community. But from time to time anonymous addresses from that time wake up and use Bitcoin. It is quite possible to assume that these addresses are Satoshi's. At least that's likely. To be a genius and not make money for a secure old age seems too stupid to me.

You are right, for me I think Satoshi nakamoto has other Bitcoin address that contains Bitcoin and he has been benefiting from it you can't tell me others will believe in Bitcoin that much as at then and even buy and hold and him the creator won't have Bitcoin as many as possible.
I'm sure that Satoshi nakamoto has a very good amount of Bitcoin if he don't then he will be regretting big time where ever he is because Bitcoin is now a very good asset and is making wave all over the world and could change his life for good if he has the Bitcoin he created.

Satoshi nakamoto is a very smart person and I'm sure his not even dead he just decided to remain anonymous because he don't want the too much attention he just wants to enjoy his money and live a private and quiet life, I saw a news that someone wants to sue the US government for hiding and keeping Satoshi nakamoto anonymous in my thought those the US government know where satoshi nakamoto is? well I don't think the US government knows if Satoshi nakamoto is dead or alive.

[henry_of_skalitz]

There willl be more people saving in bitcoin and spending the dollar than the other way around even with any other coin.

That is simply because fiat is affected by inflation, unlike BTC, if you look at inflation rise since covid, you'll see how much people's purchasing power has been constantly reducing up until now. However, that is not the case with BTC, in the long run the price rises and if you are patient to store it, your coins will be worth more, so it is only wise that people spend the coin that depreciates due to inflation.

Fiat is going to deflate, whereas BTC - only rise in price as time goes on.

It's the hedge from such processes and keeping the value where it belongs

[Zanab247]

BTC is the first cryptocurrency that stay long to lead other cryptocurrencies that attracted the whole world to know how important and favourable the coin is to decentralized investors. Nations prefer to save their money in BTC than any other coins because they know how reliable BTC is for those that will adopt BTC or make it legal tender in their countries.

BTC is not control by the government, because it was created by Satoshi Nakamoto for governments and individuals to make use of BTC for long distance and short distance transaction with low fee, to allow users to know the benefits of storing money in BTC and bank.

[0t3p0t]

Bitcoin is decentralized, censorship resistance and beyond institutional control which makes it very unique from altcoins. Bitcoin scalability is also another important aspect of bitcoin. It's an open source which has given more people the opportunity to dive into the network to make it more secured and reliable to invest into. POW helps in security and decentralization.

That features are I think what people really like including me though I am not as technical as others but the idea of decentralization is the best thing that has ever invented in favor to those who holds Bitcoin because no one is above the system it run.

[Cpt_reader]

Among all the coins, Bitcoin is the best and the volume is high. If you buy any other coin, you can make a profit or a loss, but if you buy Bitcoin, you will definitely make a profit two days earlier or later just need to be patient. And currently Bitcoin is digital gold and that is why it is very popular in the world. So now many people are interested in investing in Bitcoin.

[|MINER|]

And the most important one and that is bitcoin, has the  21 million Limited maximum supply for the 8 billions peoples.  The reason that makes Bitcoin even more valuable. 

And a significant amount out of this 21 million is not accessible due to misplaced or forgotten private keys. How lucky we are to be this early in this space when there's still a few portions left to be mine 

That's also right, I don't know if you know about this expansion, but I still want to tell you that there was a saying, "Nero fiddled while Rome was burning". 

And the scenario here is something like that, w,e the new aged bitcoiner, I mean, have actually their Private Key,s those we fiddled while the peoples who forgotted their wallet private keys was burning.
Anyway, if we minus the Sathosi's wallet's bitcoins and as well who forgotted the private from the maximum supply the supply would be around 19.0..+million so those amounts just like burned even there is no burning system on bitcoin. 

[Webetcoins]

What's funny is that the vast majority of Bitcoin users and adopters in today's date don't know all these things, some don't even know how it works, and whether they even know what decentralisation means, they are all into it because they know it's profitable and if you buy it today and hold it for some time, your money will appreciate in value and that's what's driving adoption and it has been the reason why Bitcoin managed to reach where it stands today. If it weren't for its volatile nature, Bitcoin would have a hard time having such a huge user base.

Those who know a little bit about it and know about what centralized and decentralized entities are and are also fed up of the traditional financial systems because they are totally centralized, they wouldn't need to know anything other than Bitcoin being truly decentralized, that fact is enough for them to love Bitcoin apart from its appreciating value.

[Smartvirus]

The simple reason why so many people love Bitcoin is because of its decentralized nature, because the coin is based on proof of work and the possibility of getting profit from the coin during bull season. Most people are investing into Bitcoin because of the profit that it generates to them and as long as Bitcoin is going main stream and demand is increasing, people will continue to invest.

That’s definitely one of the very first, its source codes, Bitcoin being decentralized and the fact that, Satoshi Nakamoto completely kept his/her/their nature completion of the picture.
You iust get that confi that, ain’t no attack from now where and someone isn’t going to jump on Satoshi Nakamoto someday and be like; how do we reset this or stop that and have everything chattered away or perhaps, revamp for whatever reason there might be.

The idea behind Bitcoin’s creation wasn’t profit oriented but, to make finance much more easier for mankind, that’s why it’s so good.

[Finestream]

Bitcoin is such a good and profitable coin because it can be used in two ways, one can serve as a currency and as an investment at the same time. And no other coin has successfully perform that.

But with bitcoin, its transparency is high as its security, so if you only follow the process and exert maximum efforts to make the best outcome, you will not fail with bitcoin. That’s how trustable bitcoin is.

[AmoreJaz]

Bitcoin is such a good and profitable coin because it can be used in two ways, one can serve as a currency and as an investment at the same time. And no other coin has successfully perform that.

But with bitcoin, its transparency is high as its security, so if you only follow the process and exert maximum efforts to make the best outcome, you will not fail with bitcoin. That’s how trustable bitcoin is.

Like it or not, bitcoin will continue to exist in the market. We don't need to convince anyone to get involved in this market. Even if we laid out all the positive aspects of bitcoin, some people will still be hesitant because they have their own reasons. So it is their own time to appreciate this market. We don't need to be agitated because our friend is not pro-btc because they have their own reasons why they are not yet here. Do remember, they can survive in this life without utilizing btc. So it is showing that this is not for everyone, that a person can survive in this life even without touching the crypto market.

[SquirrelJulietGarden]

What's funny is that the vast majority of Bitcoin users and adopters in today's date don't know all these things, some don't even know how it works, and whether they even know what decentralisation means, they are all into it because they know it's profitable and if you buy it today and hold it for some time, your money will appreciate in value and that's what's driving adoption and it has been the reason why Bitcoin managed to reach where it stands today. If it weren't for its volatile nature, Bitcoin would have a hard time having such a huge user base.

With each Bitcoin halving, that happens every 210,000 blocks or about every four years, Bitcoin has a new market cycle with which a lot of noise made on media. It's main hook to bring new people to this market and their main first reasons to be here is profit. They knew about Bitcoin from noise with its great performance in price around the halving and ROI in long term from previous years and market cycles.

There is nothing wrong to be here with a first reason of joining as profit, but with time and they have a lot of time to be here and start their research on Bitcoin so that they will have more knowledge about Bitcoin. They don't need to know everything about Bitcoin at start, there is time for learning and getting those basic knowledge along their investment adventure.

[batang_bitcoin]

Bitcoin has PoW

It is big controversy for a long time, if a coin makes PoW or PoS, like it was for Ethereum [ETH]. Not for Bitcoin because Bitcoin developers have decided PoW is best because of security. From what Experts have said so far, PoW is very hard or almost impossible to compromise instead of PoS, where more attack vectors can be found. Like Corona, we should trust majority of experts who have education and experience in an issue. Satoshi implemented PoW not PoS because Satoshi knew. He was very experienced and called it right.
PoS can be abused by rich stakers and makes a project centralized in many ways like premined coins and devs can create much influence by staking a large amount of PoS coins. PoW is not having such issues.
ants to build a safe coin.
It is our duty to select a safe coin instead of an unsafe hype coin.

This is right, it's been a long discussion about it before being a PoW. And it was a hot debated that it should be turned into PoS. But the security concern is huge for it and it's best being left as PoW. The main reason too is that many of the altcoins before have premined and unlike Bitcoin being a PoW, there is no premine that's being held by developers and they've also advertised their projects as PoW but, they've tricked people because they've already some supply and that's why Bitcoin is better.

[Rustam Meraj]

Bitcoin is such a good and profitable coin because it can be used in two ways, one can serve as a currency and as an investment at the same time. And no other coin has successfully perform that.

But with bitcoin, its transparency is high as its security, so if you only follow the process and exert maximum efforts to make the best outcome, you will not fail with bitcoin. That’s how trustable bitcoin is.

That is correct It can be used in two main ways first like currency and second as investment with hope that its price goes up. And I agree that not many other digital coins have managed to do both of these things well. This special combination has definitely made Bitcoin very popular and people think it is worthy much.
We know Bitcoin is open and secure is also very important. Because all transactions have history and everyone can see them and system that runs Bitcoin is very well protected people can really trust it. This means that if people are careful and work hard to understand how it works and make good choices they have good chance of doing well with Bitcoin. Idea that we need to be careful and put in effort along with fact that system itself is safe makes strong case for why people can rely on Bitcoin.

[hd49728]

That is correct It can be used in two main ways first like currency and second as investment with hope that its price goes up. And I agree that not many other digital coins have managed to do both of these things well. This special combination has definitely made Bitcoin very popular and people think it is worthy much.
We know Bitcoin is open and secure is also very important. Because all transactions have history and everyone can see them and system that runs Bitcoin is very well protected people can really trust it. This means that if people are careful and work hard to understand how it works and make good choices they have good chance of doing well with Bitcoin. Idea that we need to be careful and put in effort along with fact that system itself is safe makes strong case for why people can rely on Bitcoin.

Bitcoin can be used with more than only two use cases as you mentioned.

Digital currency.
Store of value.
Hedge against inflation.
Financial applications.
More.

Why is Bitcoin Valuable? A Store of Value For The Digital Age
An overview of Bitcoin and its potential use cases.
The bullish case for Bitcoin.