What's makes Bitcoin so special

[KingsDen]

Everything about bitcoin is so special that we needed a transformation from adopting it, there is nothing compared to a decentralized digital network and what can give us full control over our financial assets, bitcoin is the reason for the freedom we have today in financial economy and this is both everyone have ever dreamed of in the past and now turn on a reality today, not your keys not your coins.

Liberty and freedom is priceless. Satoshi brought them through bitcoin and as you said, everything about bitcoin is special;
Think of the decentralization;
Think of the security;
How about the volatility
And then the fixed supply
I believe that the world is yet to appreciate bitcoin. The more corrupt the dying world becomes, the more bitcoin will be appreciated.

[Zaka1221]

Bitcoin is one of the best combo of multiple features just because of this its growing rapidally and have enough potential to stay for long time without any control and monopoly now peoples are having enough from its which making this special someone having its daily basis use case as he is not having interest in paper money or other digital centralized systems after this peoples those are looking for long investment they are also having their own way of use as well.
Things are getting pretty useful because now adoption is increasing, and still it's never been going to be under the control of anyone. This makes it more special; even volatility and instability are still on opposite sides, but still these are not a problem for people who are entering with good knowledge and understanding. Needs to make a good, secure system and enjoy it till you want, as you have to do it all under your control. It's also the beauty of just Bitcoin.

[fredericktaylor]

Everything about bitcoin is so special that we needed a transformation from adopting it, there is nothing compared to a decentralized digital network and what can give us full control over our financial assets, bitcoin is the reason for the freedom we have today in financial economy and this is both everyone have ever dreamed of in the past and now turn on a reality today, not your keys not your coins.

Bitcoin has brought people financial freedom that people once imagination. Due to the decentralized of Bitcoin, people have learned to invest their valuable money independently, which has doubled their confidence and trust, as well as release a person from the complications of banking.
Bitcoin has not only brought freedom but also brought the convenience of exchanging any amount of money at a very low cost and quickly and Bitcoin can help protect an investor valuable money from inflation in the future. The benefits that an investor can receive all the benefits from Bitcoin that are not possible with any other asset. The decentralization system has made Bitcoin more powerful and special.

[GeorgeJohn]

I study everyday and keep finding the benefits in Bitcoin, this makes me to understand that Bitcoin is the first decentralized borderless digital money that functions massively without the control of the government or bank.

Really, bitcoin is independent currency, government doesn't have much control over bitcoin and that's why bitcoin is yet to be abolish, because they were a lot of allegation's about bitcoin by the government, when it was newly launched...

I came to understand that  any individual who has good Internet connection can possibly send and receive Bitcoin without stress or finding bank for approval due to one's transactions.

Bitcoin is a decentralized currency, and it doesn't need a third-party before it will proceess, unlike banking process....Bitcoin is all about privacy, and thats why so persons queues up for bitcoin investment...

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 can not be easily be scam from you, unless that you entered into ponzi kind of investment, or you brag of the amount of bitcoin you have in possession, and your neighbourhood began to trace you, or you expose your seed phrase...

[Sunshine1525]

Everything about bitcoin is so special that we needed a transformation from adopting it, there is nothing compared to a decentralized digital network and what can give us full control over our financial assets, bitcoin is the reason for the freedom we have today in financial economy and this is both everyone have ever dreamed of in the past and now turn on a reality today, not your keys not your coins.

Liberty and freedom is priceless. Satoshi brought them through bitcoin and as you said, everything about bitcoin is special;
Think of the decentralization;
Think of the security;
How about the volatility
And then the fixed supply
I believe that the world is yet to appreciate bitcoin. The more corrupt the dying world becomes, the more bitcoin will be appreciated.

Everything you mentioned is correct but if am to pick the major one out of others then it would be decentralization, that’s what makes Bitcoin free from direct government control, if Bitcoin was centralised the government would've been able to shutdown the network permanently or control it as they will.

Another thing that adds to the uniqueness of Bitcoin is the self custody nature of Bitcoin which enables believers with the advantage of being responsible for their asset without third-party, these are the two major things i think standout in making Bitcoin special.

[kawetsriyanto]

What makes it a currency? Is it used day to day by the general public? The economics are misaligned for actual usage, which is why there was a rebrand towards digital gold, but it doesn't really act like gold in any way either.

Bitcoin is capable to function as a currency. It is even the genuine goal, Bitcoin was created to be an electronic cash. So, Satoshi actually hoped Bitcoin to be an alternative currency for all people. Unfortunately, the implementation of Bitcoin as a currency has some challenges. In some countries, it still can't be used as a currency due to the contradictory with regulation or laws. This is mostly the main obstacle. Sure, people even function it more as a digital asset because people can do it anywhere. Many people claim it as a digital gold because its uniqueness. However, it is true that Bitcoin and Gold aren't totally the same. IMO, it is just like a metaphor.

[SPIDERMAN008]

Bitcoin is one of the best combo of multiple features just because of this its growing rapidally and have enough potential to stay for long time without any control and monopoly now peoples are having enough from its which making this special someone having its daily basis use case as he is not having interest in paper money or other digital centralized systems after this peoples those are looking for long investment they are also having their own way of use as well.
Things are getting pretty useful because now adoption is increasing, and still it's never been going to be under the control of anyone. This makes it more special; even volatility and instability are still on opposite sides, but still these are not a problem for people who are entering with good knowledge and understanding. Needs to make a good, secure system and enjoy it till you want, as you have to do it all under your control. It's also the beauty of just Bitcoin.

I agree with you that Bitcoin's biggest strength is not a single feature. Rather, many powerful monetary properties are found in the same system, and this combination makes Bitcoin so interesting. Even if you compare it with the safest bank in the world, your assets in that bank will not be under your full control. And it's not just a matter of ownership. Even if you own the assets in the bank, if you cannot use them to your advantage at the right time, then you do not have full control over those assets. Many times, if a person wants to withdraw a large amount from the bank, that bank management takes a few days or cannot give that money immediately. Because banks basically invest people's money as their own way. That's why your assets are in the bank just in writing, but in reality, the bank is using your money to make its own profit.

And this is where bitcoin offers its greatest advantage. Only you can control the bitcoins in your wallet and when it is to your advantage. And it is because of this economic freedom that people are so attracted to bitcoin.

And many may have negative opinions about price volatility, but investors get the opportunity to profit when the price of bitcoin decreases. And those who want to get rich overnight are different. Since they have problems with intention and proper planning, in this case, if there is a loss, the responsibility lies with that person, bitcoin has no negative features here.

Bitcoin is special because the same asset is being used as savings, globally transferable value, self ownership without any controlled company.

[gwestcot]

I study everyday and keep finding the benefits in Bitcoin, this makes me to understand that Bitcoin is the first decentralized borderless digital money that functions massively without the control of the government or bank.

Really, bitcoin is independent currency, government doesn't have much control over bitcoin and that's why bitcoin is yet to be abolish, because they were a lot of allegation's about bitcoin by the government, when it was newly launched...

I came to understand that  any individual who has good Internet connection can possibly send and receive Bitcoin without stress or finding bank for approval due to one's transactions.

Bitcoin is a decentralized currency, and it doesn't need a third-party before it will proceess, unlike banking process....Bitcoin is all about privacy, and thats why so persons queues up for bitcoin investment...

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 can not be easily be scam from you, unless that you entered into ponzi kind of investment, or you brag of the amount of bitcoin you have in possession, and your neighbourhood began to trace you, or you expose your seed phrase...

Bitcoin is mostly controlled at the institutional level and not at the protocol level. Additionally, nobody is using Bitcoin as digital cash as intended but rather as a rare collectible to be hoarded/traded. One continues the status quo in digital form and the other sparks a much-needed revolution.

[gwestcot]

What makes it a currency? Is it used day to day by the general public? The economics are misaligned for actual usage, which is why there was a rebrand towards digital gold, but it doesn't really act like gold in any way either.

Bitcoin is capable to function as a currency. It is even the genuine goal, Bitcoin was created to be an electronic cash. So, Satoshi actually hoped Bitcoin to be an alternative currency for all people. Unfortunately, the implementation of Bitcoin as a currency has some challenges. In some countries, it still can't be used as a currency due to the contradictory with regulation or laws. This is mostly the main obstacle. Sure, people even function it more as a digital asset because people can do it anywhere. Many people claim it as a digital gold because its uniqueness. However, it is true that Bitcoin and Gold aren't totally the same. IMO, it is just like a metaphor.

It cannot be used because its economics is so flawed it's laughable. Emulating gold more closely would have been much smarter. Basically, flow/stock is kept within the historical range of gold, and also having no maximum amount of Bitcoin would have given a vastly different outcome. Bitcoin would still have appreciated relative to fiat but would have proven far more usable as a currency. Bitcoin could have functioned as a currency in El Salvador, but why has there been very little usage?

[Solokan]

Bitcoin is indeed special, as you mentioned, and it certainly has many other advantages. What I like most about BTC is that it allows people who invest their money in it to potentially avoid inflation as long as they hold it long-term. In fact, they can even earn significant profits if they hold it long-term.

What's special about BTC, in my opinion, is that there are only 21 million of them, and it's certainly not like fiat currencies where the supply is always increasing. However, those who own BTC must be able to protect their BTC and avoid forgetting passwords and other things. It's actually difficult for me to answer your topic because you've already explained so much about BTC's advantages.  

[Decimetre]

What makes bitcoin special to me?

This is a relevant topic to ponder on and understand why one is actually interested in bitcoin. Bitcoin features is the reason for the love it's gaining among other cryptocurrencies. But the most interesting features of bitcoin that has made it more special is the limited supply feature of bitcoin. This is the hope of long term investors which means that no matter how long it becomes, if at all it has been completely mined, then there will be hope for those who will buy late. It is better for me because no matter the amount you buy bitcoin, you have hope that a time will come when scarcity could set in and you sell better.

Another thing that makes bitcoin special is the unpredictability of price action. You cannot predict whether the price is going to rise or fall even though it has a way that looks like pattern called cycle, it is still difficult to be exact in predicting what happens next.

[KingsDen]

Everything about bitcoin is so special that we needed a transformation from adopting it, there is nothing compared to a decentralized digital network and what can give us full control over our financial assets, bitcoin is the reason for the freedom we have today in financial economy and this is both everyone have ever dreamed of in the past and now turn on a reality today, not your keys not your coins.

Liberty and freedom is priceless. Satoshi brought them through bitcoin and as you said, everything about bitcoin is special;
Think of the decentralization;
Think of the security;
How about the volatility
And then the fixed supply
I believe that the world is yet to appreciate bitcoin. The more corrupt the dying world becomes, the more bitcoin will be appreciated.

Everything you mentioned is correct but if am to pick the major one out of others then it would be decentralization, that’s what makes Bitcoin free from direct government control, if Bitcoin was centralised the government would've been able to shutdown the network permanently or control it as they will.

Another thing that adds to the uniqueness of Bitcoin is the self custody nature of Bitcoin which enables believers with the advantage of being responsible for their asset without third-party, these are the two major things i think standout in making Bitcoin special.

I agree with you that decentralization seems to be the most special feature of bitcoin, just as I wrote it first before others. But if I am to rate the second most special feature, I would not say self custody because there are other coins or assets that have self custody ability.

Don't forget that bitcoin is valuable today because it has a limited supply like gold. If bitcoin could be mined indefinitely by anyone, the price would not move more than $100 and it would not be valuable.

Think about the security. If bitcoin Blockchain is hackable,  I mean 51% attack is possible, people won't be here. No one will be happy to gather money and have criminals hack it overnight.

So we can bitcoin has so many special features.

[Agathamay]

Aside all your have mentioned, I will alway value bitcoin because it has created so much opportunities for a lot of people especially the youths and I can't say for other counties but in my country, bitcoin has created a lot of opportunities for the youths including some good digital opportunities to earn and most times, I even get to sit and ask myself what would have come the hope the average youth without these opportunities created by bitcoin and cryptocurrency in general especially in a country like this where it seems the government doesn't have the youths at heart.

[Patikno]

For me, the mere existence of Bitcoin is so special, especially given its invaluable functions. It has brought great benefits to most people who have used or engaged with it.

Personally, I view Bitcoin as a weightless version of digital gold; an asset that can be utilized without the heavy burdens associated with traditional gold. In fact, this digital gold can be sent anywhere without restriction. Moreover, Bitcoin embodies freedom and offers privacy to those who seek it. There are countless other reasons why Bitcoin is so special, yet it is important to recognize the immense sacrifice that lies behind it all. I am deeply grateful to Satoshi Nakamoto for delivering this masterpiece (a gold with a very limited supply) of the century.

[GeorgeJohn]

Bitcoin is mostly controlled at the institutional level and not at the protocol level.

what do you mean by bitcoin is controlled at institutional level?...i will advice you to make a research before responding to a comment... Bitcoin is not been controlled at institutional level as you may think....i just want you to know that bitcoin is not been controlled by the government or company...bitcoin is decentralized currency and it doesn't have a central authority that controls it....

[alastantiger]

Bitcoin is mostly controlled at the institutional level and not at the protocol level.

what do you mean by bitcoin is controlled at institutional level?...i will advice you to make a research before responding to a comment... Bitcoin is not been controlled at institutional level as you may think....i just want you to know that bitcoin is not been controlled by the government or company...bitcoin is decentralized currency and it doesn't have a central authority that controls it....

There are times that the price of Bitcoin gets controlled by the institutional investors as they have more money in the market hence the decision that they take can affect the movement of the market but they do not have a complete control as the market can either follo the directions that they are trying to give or not. When institutional investors buy, the market is always bullish and when they sell, the market begin to get bearish but when there is enough money coming into the market, then things can stabilize. The more money institutional investors are investing into the market, the more they try to take control of the market but they are not getting successful because the market was not built to be controlled.

[gwestcot]

Bitcoin is mostly controlled at the institutional level and not at the protocol level.

what do you mean by bitcoin is controlled at institutional level?...i will advice you to make a research before responding to a comment... Bitcoin is not been controlled at institutional level as you may think....i just want you to know that bitcoin is not been controlled by the government or company...bitcoin is decentralized currency and it doesn't have a central authority that controls it....

Notice I said not at the protocol level. The government doesn't control development, although they probably have their methods of influence. However, they can control on/off ramps, futures markets, and other things of that nature to a much greater degree. It is not like Bitcoin is completely immune to soft forms of control/power.

[Dogedegen]

Everything about bitcoin is so special that we needed a transformation from adopting it, there is nothing compared to a decentralized digital network and what can give us full control over our financial assets, bitcoin is the reason for the freedom we have today in financial economy and this is both everyone have ever dreamed of in the past and now turn on a reality today, not your keys not your coins.

Liberty and freedom is priceless. Satoshi brought them through bitcoin and as you said, everything about bitcoin is special;
Think of the decentralization;
Think of the security;
How about the volatility
And then the fixed supply
I believe that the world is yet to appreciate bitcoin. The more corrupt the dying world becomes, the more bitcoin will be appreciated.

It truly is priceless, but the problem of modern times and in the topic of Bitcoin is that many people actually do not think that. They may believe it on the surface but they are taking actions that prove otherwise, they will easily sell all of their data and freedom regarding payments for some small bonuses or like a cash back system. When I read some discussions online I see so many people praising a cashback system of a few percentage, and to get that they had to hand over complete control to an intermediary and all the data of their payments. I guess we still can't complain too much because the situation with all of this was much worse before Bitcoin, as even fewer people then were concerned with these topics.

There are times that the price of Bitcoin gets controlled by the institutional investors as they have more money in the market hence the decision that they take can affect the movement of the market but they do not have a complete control as the market can either follo the directions that they are trying to give or not. When institutional investors buy, the market is always bullish and when they sell, the market begin to get bearish but when there is enough money coming into the market, then things can stabilize. The more money institutional investors are investing into the market, the more they try to take control of the market but they are not getting successful because the market was not built to be controlled.

There is no such thing as institutional control, it is not a valid point that is being repeated by people like it means much or in a way that tries to single out Bitcoin. If you wanted to make these kinds of arguments then you could say right away that institutional investors have control over every significant asset in the world. What is achieved by this kind of statement? I would also disagree with your claim about what they do and when. Institutional investors are actually buying the most in a prolonged bear market, and then once they have accumulated enough and the market starts turning bullish they are selling all the way and taking money away from normal people. We have seen this happen recently with silver and gold. When most people are buying, they are selling and using them as exit liquidity.

Notice I said not at the protocol level. The government doesn't control development, although they probably have their methods of influence. However, they can control on/off ramps, futures markets, and other things of that nature to a much greater degree. It is not like Bitcoin is completely immune to soft forms of control/power.

As long as you can do P2P, it is immune to a good degree and that is all that matters. Don't overestimate the strength of your argument, it is quite weak and generic because it applies to all things that have any contact with the old system.

[New Judgement]

Bitcoin is secure, that's right, but it does not automatically protect you from scams, instead, right now Bitcoiners might be exposed to scammers more than anything. Because hackers are active, finding vulnerabilities in the wallets you are using to hold your funds. I hope I am not scaring you but I am giving you a reality check.

Hackers can’t do anything with the wallet you are holding your bitcoins unless you give them the avenue the can use to attack you. When you understand this very well and you don’t give room to hackers to penetrate your wallets, there is nothing they can do. That’s why the responsibility of keeping our wallets safe is placed on the investor’s shoulders. You own the money, you know how hard you worked to buy those bitcoins, so it is believed that only you can protect it better than anyone else. Keep your wallets updated. And one very important thing we should know is that the kind of wallets an investor uses, will determine how vulnerable your assets are for to these scammers to penetrate.

[Anthony Bill]

Be a decentralized currency is what make Bitcoin special to people op. Even governments that have their own currency value Bitcoin that is a decentralized currency and some of the government are investing in Bitcoin by holding for long years before they can sell to accumulate their wealth.