What's makes Bitcoin so special

[Outhue]

Bitcoin is the digital currency that just works, I mean not just working like others who are also categorised as digital currency, Bitcoin has the lowest volatility compare to others, I can say that Bitcoin is them boss, all of them alternatives, noting comes close, and also Bitcoin is the first decentralised innovation that works too, both online and offline, there is no where else you can find something that's true decentralised without the centralised authority getting rid of it, Bitcoin is the first that works in that aspect.

[Z-tight]

Bitcoin is globally verify worldwide, approved for all transactions without doubt of scammers.

It is hard to make sense of what you mean here, but it goes without saying that there are a few countries were BTC is banned or there are restrictions to its use. E.G. in Russia, BTC is banned as a medium of exchange, i.e. you cannot use BTC to pay for goods at the grocery store or for any other payment purpose. In China, BTC mining and trading is banned, etc.

The Bitcoin security is reliable and  well secure,  protecting your money from scam and fraud that's why you key phrase belongs to you alone rather than replying on bank

Take note that the BTC in your wallet is only as safe as the device you store it in, as well as what you do, that is your opsec. Your security is your responsibility and there is a high chance you'd lose your coins if you don't know what you're doing.

[yudi09]

Bitcoin is globally verify worldwide, approved for all transactions without doubt of scammers.

Bitcoin is so special today because of this features below
* Self withholding without operating on central authority.
* Security system
* Transparency rules
* Hard to censor

In my view, one thing that makes Bitcoin so special is that the owner retains full control. This level of control serves as a lesson in the responsibility that comes with it, as well as the need for extreme caution when interacting in the public sphere.

If applied to corporate or government settings, Bitcoin offers transparency. It can close off avenues for unscrupulous individuals looking to engage in illicit practices.

[Donk1]

It's not about using Bitcoin for transactions it's whether you understand the fundamentals of how it works. Basically I was reading a thread yesterday and the person said a friend of his bought a phone, and while the shop makes use of Bitcoin payments, his friend has to pay extra because of market volatility and due to the fact that the employer didn't really understand how the Bitcoin market works.To me I think folks should pay attention more on the major factors that make Bitcoin what it is not just focusing on its advantages. If you do that you will only get excited for an asset that is moved by emotions/sentiments....
​That said Bitcoin is special in different ways that we the users can't really comprehend. And while scarcity is part of what makes it have value, I think the overall thing that makes Bitcoin what it is today is we the users and those early Bitcoin investors who had the guts to invest into Bitcoin back then. I believe as Bitcoin enthusiasts, the asset is what we say it is, and if the asset doesn't serve its purpose then it probably wouldn't be considered special. That's all......

[SPIDERMAN008]

Bitcoin is the digital currency that just works, I mean not just working like others who are also categorised as digital currency, Bitcoin has the lowest volatility compare to others, I can say that Bitcoin is them boss, all of them alternatives, noting comes close, and also Bitcoin is the first decentralised innovation that works too, both online and offline, there is no where else you can find something that's true decentralised without the centralised authority getting rid of it, Bitcoin is the first that works in that aspect.

Yes, people are interested in bitcoin because of the decentralized system. But for me, the biggest issue is scarcity. The supply of bitcoin cannot be increased . It cannot be increased like fiat money according to the decision of any management. And the convenience of using bitcoin has attracted me from the beginning. If we buy other assets, then we have to spend a lot of money and think about its maintenance. But if we are aware of the security aspect of bitcoin, bitcoin will remain as an asset for long years. And it can be transacted very easily where there is no need for any third party interference.

And many such things have attracted me in terms of creating positive thinking towards bitcoin. I can verify bitcoin myself, buy small amounts, large amounts can be transacted very easily and just remembering the seedphrase is enough to get access to the wallet at any time and in any situation. The combination of all these things is the interesting fact of bitcoin that has fascinated me.

[Creeper0]

~snip~

Another major reason that makes Bitcoin special is its upward trend. Investors are showing more interest in Bitcoin, different countries are also showing interest in Bitcoin. Even though there is a limited supply, Bitcoin has been increasing its value regularly in the long run. Basically, this upward trend has made Bitcoin more special, along with the reasons you mentioned.

The Bitcoin security is reliable and  well secure,  protecting your money from scam and fraud that's why you key phrase belongs to you alone rather than replying on bank

Why do so many people fall victim to Bitcoin scams? Or are they losing all their money to fraud? Just consider the recent Cold Card fraud, many people have lost their money.

Bitcoin is not directly subject to scams or fraud, but users are still subject to scams or fraud. Bitcoin supports self-custody, so the security of your Bitcoin depends on how anti-scam or anti-fraud you are. When using Bitcoin, you must be aware and have knowledge about risk management.

[Dareo]

-snip-
What really makes Bitcoin so special is that it creates scare digital money without a central authority to give order.

For me the biggest thing about Bitcoin is not just its decentralization, but here you also have the responsibility for your money in your own hands. Unlike banks , if you make a mistake, you don't have the opportunity to call and reverse the transaction, so along with freedom, there is a lot of responsibility. This is what sets Bitcoin apart for me. It's good to have your money under your control but if you're careless about the recovery phrase, that freedom can become a big problem.

[puloweh555]

Bitcoin is globally verify worldwide, approved for all transactions without doubt of scammers.


Bitcoin is so special today because of this features below
* Self withholding without operating on central authority.
* Security system
* Transparency rules
* Hard to censor

What really makes Bitcoin so special is that it creates scare digital money without a central authority to give order.

Everything you said is very true, Bitcoin is special because it has features that are hard to find in other assets. Besides that, in my opinion what makes Bitcoin a special asset is its supply, which is strictly limited to only 21 million coins with continuous mining and halving events. This characteristic also makes Bitcoin a scarce asset in the future and capable of resisting inflation.

Indeed, gold is also a good asset, but what makes Bitcoin special compared to gold is that Bitcoin is easier to transfer across borders without intermediaries. Of course, also because Bitcoin is the first decentralized digital currency with a strong network, so holding Bitcoin long-term can provide extraordinary benefits.

[G_Besar]

Think bitcoin think decentralized finance and privacy.closer than the world has ever experienced.

The Bitcoin security is reliable and  well secure,  protecting your money from scam and fraud that's why you key phrase belongs to you alone rather than replying on bank .

Bitcoin decentralization follows with responsibility of the holders to secure it safe from theft, scam and hack. The seed phrases are in our possession to protect it because it's who has access to the wallet keys that literally has the bitcoin. So the right way actually is that we protect our bitcoin from hack or theft, and not the bitcoin protecting us

Fundamentally, this is the case, so no one should blame anyone else for a hack or theft of Bitcoin in our personal wallets. Most wallet thefts or hacks occur due to the negligence of the owner or by insiders with malicious intent, as has happened at several major exchanges in previous years. So, Bitcoin's decentralization is very clear, and control is also quite clear, as you said, because it rests with each holder, not with anyone else or anything like that.

[Dr.Bitcoin_Strange]

There was this tweet on X that I saw just saw today, I don't know if it's AI generated video or real but that's actually a good example that show what Bitcoin stands for. From the video, the lady got 900,000 Bitcoins in 2009, the value of that number of Bitcoin is worth billions of dollars today. Now, imagine if it was fait currency that she held since that time till now, the value would have even dropped badly but because it's Bitcoin, the value grow so much the way any asset could not have done in same time frame and even if an individuals asset grow to that extent, you will have the government attention but in Bitcoin, no body can know you unless you show yourself (privacy) and the banks doesn't have any hold of you.

Assuming someone holds $70 billion in his or her account, before you take out some amounts, the bank will have to approve of it and sometimes they could even ask what you want to do with the money, but with your Bitcoin in your wallet, you don't have to seek anyone's permission to spend. Bitcoin technology is just good, obviously.

[BlackHatCoiner]

The absolute biggest deal is the fixed 21 million supply cap. You can't just print more out of thin air when the economy gets rough, which is exactly what central banks do with fiat.

That mathematical scarcity combined with self-custody is what makes it irreplaceable. It's a great feeling knowing nobody can just freeze your wallet or dilute your stash.

[Obim34]

FTFY.

It's true, that Bitcoin is scarce and that makes it a valuable asset and not everyone is going to have it.

With its limited supply, not all the people of the world will have a single piece of it. Although each of us can have a few of it in fraction.

Confusing, what does FTFY mean?

Bitcoin is for anyone but not for everyone. Anyone can decide to use Bitcoin, but we can't have everyone in the market.

Even gold, which has long existed before Bitcoin with an unlimited supply, not everyone picked up interest. It won't be any different for Bitcoin, not everyone will accept Bitcoin, we still have strong haters to deal with.

[Tiaramane]

Aside from it being a digital currency.
It's scarce, it is borderless, you can own it your self, due to it's decentralised nature it's not being controlled from a single point so we don't have to fear about it crashing, it's transactions are transparent with an open system, you can read the code, I can read the code it's also affordable.
There is even more reasons to be listed out of I tried to buy long story short, Bitcoin is special because it allows people anywhere in the world to own and transfer a scarce digital asset without needing to trust a bank, government, company, or any other middleman.

BTC decentralized nature was what drawn me to it.