What's makes Bitcoin so special

[Anayochukwu]

The fact that it is a decentralized currency makes it very special for me , everyone knows that our regular physical currency can be very frustrating and annoying to access because everything is monitored and controlled by the higher authority even without your permission and they deduct from it as it pleases them but Bitcoin gives you the freedom to control your money without fear of anyone invading your privacy. Bank are so unreliable especially because you have no control of what might happen to your money saved in the Bank and yes the security system makes it even more special because there are no third parties.

[batang_bitcoin]

Simply check the down time of Bitcoin's network and you'd be impressed especially the new ones, they probably haven't seen it yet that its network has been running 99.99% since then. While the other chains from altcoins say that they're better and more secured yet, have experienced a lot of outage overall its operation and since then its network had ran.

[boyptc]

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.

FTFY means fixed that for you.

I agree with what you have said and that's applicable to every asset. It is for anyone but investing doesn't suit for everyone.

And even bitcoin's existence now has been proven to be a profitable asset, haters gonna hate and it's either those who truly hate it forever and those who hates it for not entering quite early.

[HelliumZ]

The fact that it is a decentralized currency makes it very special for me , everyone knows that our regular physical currency can be very frustrating and annoying to access because everything is monitored and controlled by the higher authority even without your permission and they deduct from it as it pleases them but Bitcoin gives you the freedom to control your money without fear of anyone invading your privacy. Bank are so unreliable especially because you have no control of what might happen to your money saved in the Bank and yes the security system makes it even more special because there are no third parties.

The difference between Bitcoin and printing money is that the supply of Bitcoin is limited and no one can increase it if they want, but if they want paper money, a country can increase the supply by printing new ones. Here, the control of Bitcoin is not in the hands of any third party, but since the control of paper money is in the hands of a third party, the supply keeps increasing constantly. Now, if we compare the inflation of Bitcoin and paper money, then I would say that Bitcoin does not have inflation, but paper money has a constant inflation. This main difference is what sets Bitcoin apart from other assets and makes it unique.

[Sonia_123]

Bitcoin remains only the trusted digital currency that has come to shaping the economy financially to make livelihood easier through arresting the ongoing high inflation that makes it serve as an edge of inflation which is now producing good results.

Bitcoin stands out other currency because of the avoidance of third party which makes it difficult for any one to control or pocket it has a personal currency which has helped to prevent corruption in the system.