What makes Bitcoin Better Than Anything Else!!

[batang_bitcoin]

it's well recognized globally.

Before it wasn't, the recognition that it has got were mostly negative due to the usage of it and the involvement from the illegal trades that were done through those dark marketplaces. But that impression changed eventually when it's been seen to have that potential to be a good store of value and asset that even the financial institutions have adopted.

bitcoin cannot also be denied being a multifaceted digital currency, because we can make use of it on different purpose and has a long time value.

It's an all-in-one currency where it doesn't need any third party just to be processed if it's used for transfers and payments.

[EluguHcman]

I may not entirely agree with you that bitcoin is best to every others. You should had least go straight to the point of what asset or values you are comparing with Bitcoin like that. Maybe you can be right about it.
Bitcoin is a potential technological asset which I may regard it better than other assets due to it Decentralization with the concensus of self custody.

When it comes to long term potentials to store value, while we have to tell ourselves the truth, gold is very much promising and had also be a reliable treasure to store values over the long term due to its regulations being more appealing to encourage adoption.
Bitcoin at it limited supply also gives Bitcoin the edge to store values in the long time as long it keep speculating and individuals continues buying in the future.

Saying Bitcoin is better than anything else is like regarding Bitcoin to your health, shelter or the essential things of life.
Don't forget investing in stock and real estate also have the potential to control inflations.
But in all, every investment assets is ever risky. Bitcoin is not risk free.

[Somto9Light]

Anything else as you Said!!

That's wrong you should have put it in a different way for example. What makes bitcoin better than all the crypto currencies, these way people will know that it's a crypto related discussion but saying that what makes bitcoin better than anything else means that you're not only talking about crypto currencies but other Investments as well, surely bitcoin Investment is indeed a nice Investment and the most reason why I chose it over every other Investment is because it helps you to escape inflation and it also gives you freedom this are the reasons why I have chosen bitcoin investment over every other Investment.

[viljy]

I disagree with the OP that an increase in demand for gold and an increase in its price will lead to the invention of a new mining method. Inventions are not made simply because the inventor wanted money. Right now, there are several unresolved problems of the millennium in mathematics, for the solution of which they will pay a million dollars. Why haven't they been resolved yet? Although one of them has been resolved, Perelman refused a million dollars, which only proves my opinion that the incentive is not money. That's the same with the new gold mining method.

So Gold is a Good store of Value but Not Accesible.

Anyone can buy investment gold coins. Gold is easily accessible to everyone. Of course, if you want to buy one ton of physical gold, it will cause some difficulties...


Also, do not forget that in the event of the destruction of the power grid, the Internet, bitcoin may cease to exist as a global network. Gold does not depend on anything. Therefore, it is incorrect to say that bitcoin is better than gold in everything. Each of these assets has its own advantages.

[fikrett]

Aside from the given points by @op, i think he failed to mention the very thing that made Bitcoin popular abive the rest. The decentralization feature of bitcoin and being immutable is what excels it  from the rest.

With decentralization, the government will be having a hard time to fully control it.  Being immutable protect the system from fraud and modification of transactions after sending and confirmed.  These two feature makes Bitcoin to be the most trusting among the trustless system.

Yep.

It's the feature due to why it all started in the first place.. and why the fight continues.

Because BTC doesn't need anybody from the gov to go forward

[MagnificentX]

It's simple, in a world with its rule and government who controls everything, Bitcoin is a city on its own with it's own sovereignty that can never be pulled down. It's government operates on its own with no external interference or control. Bitcoin has it special autonomy which is in other words decentralization which has been mentioned always. The power of Bitcoin to be it's own boss and control its price movement with no influence is what makes it better than anything else.

[Faisal2202]

Bitcoin is better and better everyday with so many policies and strategic reserve banks being developed on its behalf, just to incorporate it into the society as a top performing currency and asset of value for both payments and saving plan of the future and present.

I doubt that the banks are trying to incorporate bitcoin into society as top performing currency, because they are doing it so they can control their customers so they won't leave their banks to invest in crypto. Banks have already seen billions of funds flowing to cryptocurrency. To avoid this, they are now incorporating.

This way they can get to keep their customers on their platform, they can charge them, give them the benefit of the doubt too. But in reality, they will again make mistakes like paper management of funds like happened in the 2008 financial crisis, but I doubt it can lead to another one. 

[coupable]

That's wrong you should have put it in a different way for example. What makes bitcoin better than all the crypto currencies, these way people will know that it's a crypto related discussion but saying that what makes bitcoin better than anything else means that you're not only talking about crypto currencies but other Investments as well, surely bitcoin Investment is indeed a nice Investment and the most reason why I chose it over every other Investment is because it helps you to escape inflation and it also gives you freedom this are the reasons why I have chosen bitcoin investment over every other Investment.

Well I can understand the wisdom behind your choice of bitcoin, but only as a mean of investment. But there are few hints you should take into consideration ; first is that bitcoin also is a subject of inflation like any other financial product in the actual world order based on continious crisis. Second is that bitcoin isn't suitable for everydaylife transactions because it can't operate outside of the global market system. I would chose bitcoin as well but for numerous other reasons.

[nakamura12]

Other people will surely like you said and would also choose Bitcoin but don't forget that people would still find other opportunities to earn more money that's why most people's portfolio contains not just Bitcoin but also other cryptocurrency like eth for example and other crypto they choose to buy. If you think about it bitcoin may be a good choice and yet, you will still have no choice but to sell your Bitcoin to have fiat money to use for emergencies, daily necessities and other financial matter. Not all stores accept Bitcoin as payment for the things that you buy.

[Johnlomape]

It's simple, in a world with its rule and government who controls everything, Bitcoin is a city on its own with it's own sovereignty that can never be pulled down. It's government operates on its own with no external interference or control. Bitcoin has it special autonomy which is in other words decentralization which has been mentioned always. The power of Bitcoin to be it's own boss and control its price movement with no influence is what makes it better than anything else.

Bitcoin has made the way we see money to be different and make it make easy for money to be transacted without the government taking control over every means we ought to process transactions. Since the introduction of Bitcoin, people can now trade money easily without the government trying to come in between our trades and make transactions to be centralized like the way the bank can freeze your account and make sure that you can not send money out of your account. Bitcoin has elevate us from that pattern of sending money.

[ZAINmalik75]

What makes Bitcoin Better Than Anything Else!!


If the IRS tries to tax you on money made through Bitcoin, they can't really. Why not? Because there isn't really anything there. Bitcoin isn't anything at all.

But the IRS will win if you don't know how to show them that there isn't anything to Bitcoin.

How can we win against the IRS by showing them that Bitcoin is not a thing? Bitcoin is a property in the eyes of authorities, they considered it a commodity, they allowed it to be traded, they added bitcoin in retirement plans, they motivated people to accept and invest in it. They even allowed people in one state to take and give payments in the form of BTC, even to the state level.

After all this, how can we really not pay tax? I can only think of a few ways, one is obvious that, a person who doesn't want to report how much he made or lost or anything at all, he should use decentralized exchanges and non custodial platforms.
But I won't recommend this, because no matter how rich you are, one must pay taxes because that's how countries can win wars against other countries which sometimes are not needed.

[Hyphen(-)]

As people start to understand, like me. Will choose No other Asset than Bitcoin and this recent dumps will Prove heaven for their Bitcoin accumulation.

For the fact that you chose Bitcoin over every other coin in terms of investment is good, but some context in you thread are not true about Bitcoin; I don’t like the fact that you compare Bitcoin to gold and tag it scarce, I will understand if you say it has limited supply, but not to compare it with gold that can be faked if you don’t know anything about it, it is also centralized because you have to be there physically to purchase gold and it involves a third party, which means it can be risky if the place is not secure; unlike Bitcoin which you can purchase online and save your seed phrase in your custody and sell online when you are ready to sell.

[Byebyebtc]

I've started Seeing People around me Questioning whether Bitcoin has The Capacity to be better than anything else or Is it better than Anything Else. That's being Asked for what? Almost 17 years Now and People still haven't stopped Questioning Bitcoin After It proving Itself For Such a Long Time. But as long as these questions are asked posts like this will be getting posted. this Post is another Post To Prove to people that it's Better than Anyting Else Available.

Bitcoin being better than any thing sounds so naive,
Yes we know that Bitcoin is a good assets, but there are other better ways to put it, eg Bitcoin is better than any other coin. That is more specific and true.

But yours on the other hand is literally not true, even if you didn't mean it that way. This is one mistake most people make in this forum, the type things that are so dumb or unrealistic but that is not what they mean overall, it will happen to be that what you mean actually makes since after all, but the way you put it make people think of it in a different way.

[Pablo-wood]

Other people will surely like you said and would also choose Bitcoin but don't forget that people would still find other opportunities to earn more money that's why most people's portfolio contains not just Bitcoin but also other cryptocurrency like eth for example and other crypto they choose to buy. If you think about it bitcoin may be a good choice and yet, you will still have no choice but to sell your Bitcoin to have fiat money to use for emergencies, daily necessities and other financial matter. Not all stores accept Bitcoin as payment for the things that you buy.

Expanded portfolio makes sense to those who understands the risk of spreading our assets across different projects and not just revolving around a single coin. But for the lazy and newbies its safer to stick with one with calculated risk. Eth, BNB SOL are not bad choices for an expanded portfolio but for those lazy enough to do their research will they cope with the noise and dips that comes with this assets. Bitcoin has a more better promising light as compared to the others and it only take patience for long term ROI. Others might have a promising future as well but it is best to understand the risk involved before spreading. Bitcoin to me is best as store of value rather than a complete medium of exchange because of its volatility, the reason it is preferred to use discretionary income for investing that way the possibility of selling to solve problems will be less.

[WaySummit]

It's still being questioned because of its volatility, but it has proven itself over 17 years. Ideal for the long term; diversify, and see drops as opportunities!

[Antotena]

It's simple, in a world with its rule and government who controls everything, Bitcoin is a city on its own with it's own sovereignty that can never be pulled down. It's government operates on its own with no external interference or control. Bitcoin has it special autonomy which is in other words decentralization which has been mentioned always. The power of Bitcoin to be it's own boss and control its price movement with no influence is what makes it better than anything else.

Bitcoin is people and people are what makes Bitcoin, this is what other assets that are larger in market cap doesn't have because it may have government backing but not everyone can but it even when it came out because it was never cheap and affordable for everyone, there was no fair distribution among people but only Bitcoin made a man that has nothing to become somebody because of fair distribution among people and it's decentralize as possible.

Bitcoin is also the only asset you can send within your home and will get to another person in another country without any form of check or even waste your time why you are sending Bitcoin to that person and the purpose of that money you are sending, it's bordeless payments processing for many people that can't get through banks that is going to waste all the time and days before payments get to the destination, there is no asset on the history of man can delete like Bitcoin.

[SatoPrincess]

What makes Bitcoin Better Than Anything Else!!


If the IRS tries to tax you on money made through Bitcoin, they can't really. Why not? Because there isn't really anything there. Bitcoin isn't anything at all.

But the IRS will win if you don't know how to show them that there isn't anything to Bitcoin.

This is more interesting than the OP. @BADecker Care to share how because I think we are past bitcoin isn’t anything era. AFAIK there is no way you can get away with no paying capital gain taxes if you sell your bitcoins.

[Pressurizedem]

You didn't write the most important thing about bitcoin which is her decentralized nature, scalability and censorship resistance. This is why bitcoin is unique and different from other asset which increases the rate of adoption overtime.

Almost every asset has this feature which op mentioned but what makes bitcoin better is the fact that its decentralised, the other features of bitcoin is comparable with other assets but however privacy is one thing that I loved but is failing gradually as long as bitcoin is becoming more closer to government and fitting to regulations that are seriously against us.

Bitcoin doesn't come to inflation because it's been on of the most important project in the market. We invest in Bitcoin with high hopes of earning massively in the market. In my next world, I want to invest heavily in Bitcoin because it already saved me. It's not challenging, just ensure you know exactly what you're doing and paving good paths to soar higher in the market. We do know there are quite difficult decisions to take which might explore our strategies or liquidate our account.

[NurseHub]

You didn't write the most important thing about bitcoin which is her decentralized nature, scalability and censorship resistance. This is why bitcoin is unique and different from other asset which increases the rate of adoption overtime.

Almost every asset has this feature which op mentioned but what makes bitcoin better is the fact that its decentralised, the other features of bitcoin is comparable with other assets but however privacy is one thing that I loved but is failing gradually as long as bitcoin is becoming more closer to government and fitting to regulations that are seriously against us.

Bitcoin doesn't come to inflation because it's been on of the most important project in the market. We invest in Bitcoin with high hopes of earning massively in the market. In my next world, I want to invest heavily in Bitcoin because it already saved me. It's not challenging, just ensure you know exactly what you're doing and paving good paths to soar higher in the market. We do know there are quite difficult decisions to take which might explore our strategies or liquidate our account.

Next world ? try to be realistic, no next world. buy now and buy as much as you can now and now that we have dip that is going to give you better chance than the once you missed so you don't have to wait till you get it all but now and get the next world mindset out of your head.

Moving on, bitcoin is a hedge against inflation since it does the opposite of inflation by increasing in price every four years while cash fails so other asset might be hedge against inflation too like Gold but bitcoin is digital gold.

[MagnificentX]

It's simple, in a world with its rule and government who controls everything, Bitcoin is a city on its own with it's own sovereignty that can never be pulled down. It's government operates on its own with no external interference or control. Bitcoin has it special autonomy which is in other words decentralization which has been mentioned always. The power of Bitcoin to be it's own boss and control its price movement with no influence is what makes it better than anything else.

Bitcoin has made the way we see money to be different and make it make easy for money to be transacted without the government taking control over every means we ought to process transactions. Since the introduction of Bitcoin, people can now trade money easily without the government trying to come in between our trades and make transactions to be centralized like the way the bank can freeze your account and make sure that you can not send money out of your account. Bitcoin has elevate us from that pattern of sending money.

You can even say it is like an upgrade in the global trade market. Business transactions can be done from long distances with no stress of checks done and extra charges. It's sovereignty has made it exceptional