What's makes Bitcoin so special

[Itz-prisigold]

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.

You actually came up with a very good point. In fact, the great thing about Bitcoin is that Bitcoin doesn't need all people to accept it for it to be successful.  As long as they have access to the network and their private keys, anyone can still hold Bitcoin for Long term and also transfer their Bitcoin.

Unlike the normal financial system, in which you need to depend on the banks, payment companies or others who are between you and your cash.  That's why Bitcoin is so special compared to any other investment, as you see, everyone has the freedom of ownership.

[BItcoin Guy@]

You actually came up with a very good point. In fact, the great thing about Bitcoin is that Bitcoin doesn't need all people to accept it for it to be successful.  As long as they have access to the network and their private keys, anyone can still hold Bitcoin for Long term and also transfer their Bitcoin.

Unlike the normal financial system, in which you need to depend on the banks, payment companies or others who are between you and your cash.  That's why Bitcoin is so special compared to any other investment, as you see, everyone has the freedom of ownership.

Bitcoin will always be special since it is uncontrollable by anyone. You can invest anytime and keep everything safe, with no one having access to it except who you probably share your phrase with. Many countries don’t really like bitcoin because they are looking for a way that they can control it so that they can be getting some fees or tax. But they see it is not working for them, and that is another thing that makes it so special. When you have bitcoin, you have the freedom to do anything you want to do with it. And no one can know exactly what you have in a wallet. Everything is self-custody.

[#CapsLOck]

I would add that what makes Bitcoin so special is that it's not just a scarce resource or something that's decentralized. It's also predictable. No one should have to trust a company to decide on the number of Bitcoins that can exist. Or employ a monetary policy when it is convenient. The network's consensus rules implement the supply schedule. And it can be verified by anyone independently. Unlike entrusting a bank or company to maintain the value and rules of a monetary system. The predictability of course. Does not eliminate price volatility or risks at the user level. But it does provide a unique quality to Bitcoin's money.

[drangos]

Something that can be over looked is the fact that Bitcoin is an asset system. Which functions without ownership and without permission. Moving money on a bank account is dependent upon the institution recognizing and approving your account. Bitcoin doesn't require anyone to know who you are. The transaction doesn't need to have a reason it only needs to obey the protocol rules and you need to possess the private key. However that doesn't mean that Bitcoin is risk free. Since if you lose your keys or get scammed. It's your own fault. But to me, one of the most critical aspects that differentiates Bitcoin from traditional money is this shift in the trust model.

[iBaba]

I would add that what makes Bitcoin so special is that it's not just a scarce resource or something that's decentralized. It's also predictable. No one should have to trust a company to decide on the number of Bitcoins that can exist. Or employ a monetary policy when it is convenient. The network's consensus rules implement the supply schedule. And it can be verified by anyone independently. Unlike entrusting a bank or company to maintain the value and rules of a monetary system. The predictability of course. Does not eliminate price volatility or risks at the user level. But it does provide a unique quality to Bitcoin's money.

I think the most underrated part of bitcoin is predictability, only scarcity is not enough if the rules around it can be changed by a central authority, With bitcoin supply rules are built into the protocol and anyone can verify them. But that does not make bitcoin risk free because the market price can still change heavily and users can lose funds through poor security. So having monetary policy that does not depend on trusting a company, bank or government gives bitcoin a different value and anybody can independently verify the rules is what makes that predictability more powerful.

[LUCKMCFLY]

What makes Bitcoin special is that anyone can join and acquire at least a share. If you acquire a piece of Bitcoin, you're already in the game. The good thing is that once you're in, you want to acquire more. Furthermore, it's superior to gold, holds immense long-term value, doesn't depend on third parties, and governments can't control it. It's strictly governed by supply and demand, and its adoption is growing all the time. It's the best economic technology that could have been invented.

Sometimes I think Bitcoin wasn't just created by normal means—that it almost had divine or otherworldly inspiration. Creating such a resilient economy through blockchain technology has completely undermined the modern financial system, which is riddled with structural vulnerabilities.

[Abiky]

What makes Bitcoin special is that anyone can join and acquire at least a share. If you acquire a piece of Bitcoin, you're already in the game. The good thing is that once you're in, you want to acquire more. Furthermore, it's superior to gold, holds immense long-term value, doesn't depend on third parties, and governments can't control it. It's strictly governed by supply and demand, and its adoption is growing all the time. It's the best economic technology that could have been invented.

Sometimes I think Bitcoin wasn't just created by normal means—that it almost had divine or otherworldly inspiration. Creating such a resilient economy through blockchain technology has completely undermined the modern financial system, which is riddled with structural vulnerabilities.

This holds true if Bitcoin stays decentralized and censorship-resistant. But centralizing forces want to limit Bitcoin's potential to reach the masses. Like recent regulations making it more difficult to acquire some BTC. You'd need to comply with KYC and several other strict requirements to buy/sell Bitcoin. Assuming you use the traditional Fiat on/off ramps. P2P trading platforms and DEXs (decentralized exchanges) are our only hope.

Besides decentralization, Bitcoin is so special because it's the most predictable asset/commodity in the world. It has a fixed supply, unlike Gold and other valuables. Best of all, you can carry Bitcoin anywhere in the world without bringing unwanted attention. This portability factor allows you to carry BTC even in the most unimaginable places. You can travel with BTC, but you cannot travel with Gold bars or bullion. Hopefully, more people get to join the revolution as the community continues to spread the word.

[Antotena]

You actually came up with a very good point. In fact, the great thing about Bitcoin is that Bitcoin doesn't need all people to accept it for it to be successful.  As long as they have access to the network and their private keys, anyone can still hold Bitcoin for Long term and also transfer their Bitcoin.

It does not but it still need people to grow. If you look at the Bitcoin market cap, it's sitting around 1.5 trillion equivalent price of $80k. Do you think the available money can make it go as high as 32T and above to compete with Gold and other world class assets with the largest market cap? Even the 1.5T it's traded wasn't done by few people, the money came from different people that bought, they are the reason why the price is here trading this high.

Unlike the normal financial system, in which you need to depend on the banks, payment companies or others who are between you and your cash.  That's why Bitcoin is so special compared to any other investment, as you see, everyone has the freedom of ownership.

The regular financial market is controlled by the government and they control how the money flows. If the government want an asset to be valuable, it's small thing for them. If they want Bitcoin to be near up high like Gold, they can do it but they will not because they don't contol the supply. The government plays a vital role in stability of things, even if they don't play part in the price, they can play a major role in adoption and price.

[HustleZ]

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Aside from the different specialities you showed of bitcoin it has something unique too and that is it being formless and shape less, bitcoin doesnt have any physical form which makes it easier for us to transfer it to any country we move and any place we change without all the effort. You are notnlocked to a specific region, for example gold has physical form and is veru heavy so carrying it becomes hard consequently transporting it becomes harder, so yeah this is the one speciiality of bitcoin i like

[ZAINmalik75]

Aside from the different specialities you showed of bitcoin it has something unique too and that is it being formless and shape less, bitcoin doesnt have any physical form which makes it easier for us to transfer it to any country we move and any place we change without all the effort. You are notnlocked to a specific region, for example gold has physical form and is veru heavy so carrying it becomes hard consequently transporting it becomes harder, so yeah this is the one speciiality of bitcoin i like

It's basically borderless, which means you can send it to any country without any problems or restrictions, and this actually is a lifesaver if one understands. Someone who needs to send some funds to another person who lives in another country, and if this person uses banking channels or traditional financial systems or money transferring methods, they are going to have to pay a lot of money in fees, taxes and everything, will need to spend so much time trying to complete the process to finally be able to send them, and then the receiving person will need to do the same thing, wait for so many days, keep asking if the funds have arrived or not, etc.

With Bitcoin, if both parties know how to send and receive bitcoins and how to also sell them for fiat, it becomes extremely easy. One just needs to get the receiving bitcoin address, and send the funds, and within a few minutes, they are received on the other hand, and then the receiver can go ahead and sell them for fiat and get the funds in their bank account within the country they are living in. Problem solved in no time without any difficulties or delays.