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Author Topic: Which feature do you like most of Bitcoin?  (Read 371 times)
sunsilk
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Today at 06:57:12 PM
 #41

That is causing scarcity and why it means a lot to the global population OP. Bitcoin's limited supply is one of the best and unique features that it has got.

There are billions of people in the world and there's only 21M of its supply which will be mined all of it after more than a century.

And that's why it's going to be rare and if it continues to be one of the best assets after all, we'll see more countries adopting it.

Btw, that's also what I like about it.

 
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Lembo69
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Today at 07:22:44 PM
 #42

I like all the features of Bitcoin, but what appeals to me the most is its DCA (Dollar-Cost Averaging) strategy; I appreciate being able to continue investing even with small amounts. I became interested in Bitcoin after learning about its limited supply and its decentralized nature. As time goes by, I am realizing just how convenient it is becoming for me. Many investors view Bitcoin solely as a means to make a profit, thinking that a small investment will yield huge returns, but that is not the case at all. They should invest with the mindset that they are retaining control over their own money—keeping it independent of any central authority—and that they are responsible for its safekeeping. Very few people last in the investment world; only those who can exercise patience endure. Another feature I like about Bitcoin is the ability to use it to transact with my funds anywhere in the world.

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Today at 07:23:47 PM
 #43

One big difference is, we hold the bitcoin which I mean we have the completely control over it unlike fiat money we don't, it is under the control of our banks and they can just freeze it or not let us to use for whatever the reasons while bitcoin is not under the control of anyone and you can just spend/send it whenever you want just with an address alone.

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Today at 07:39:34 PM
 #44

Bitcoin is a unique cryptocurrency that is a unique success story with its characteristics. From a few cents in 2008, the price per Bitcoin now stands at $85,000, which is unmistakably a success story. But when it comes to looking at Bitcoin in detail, there are some things that are very interesting and that show Bitcoin's success.

Now to the question of this thread: What do you find best about Bitcoin? There are so many and they all make up the uniqueness of Bitcoin.

My personal best feature is Bitcoin's limitation to 21 million pieces. There will never be more Bitcoin and that makes Bitcoin ultimately rare. Real rarity can only exist in mathematics and in the digital space. No one can change the code of Bitcoin and the 21 million Bitcoin are cemented in this code. This makes Bitcoin scarcer than gold, where there is no upper limit which can be mined at most. For Bitcoin, the limit is 21 million, which will not be reached until 2140.
Well, I also agree that the 21million cap supply limit is one of the bitcoin important features, what I also like most is that bitcoins supply rules are known in advance and can be checked by anyone that is running a node. Also no central authority can simply decide to create more bitcoin under the current rules. And this give the bitcoin a level of supply predictability that is entirely  different from fiat currencies.

But I’m thinking we can also not just assume the 21 million cap can never be changed. It kind of possible to change the software if the network create and will accept just a new set of rules. And that is why I prefer to say that bitcoin has a predictable and enforced supply limit.

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Today at 07:41:34 PM
 #45

I like all the features of Bitcoin, but what appeals to me the most is its DCA (Dollar-Cost Averaging) strategy; I appreciate being able to continue investing even with small amounts.

I think for clarity sake dollar cost average strategy doesn’t belong to bitcoin as a feature rather it belongs to general economics what belongs to bitcoin in this regard is that you can say bitcoin is subdivided into units called Satoshi which with any small amount you can buy and hold instead of buying a whole bitcoin and this has definitely made it easy for small investors to invest into bitcoin.

There are features like decentralization, its mechanism which is the proof of work (POW), privacy which is you are pseudonymous and then the supply limit which is the most common feature that most people prefer most especially investors who are here for profit. And the sub features like store of value and hedge against inflation

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Today at 07:59:50 PM
 #46

My personal best feature is Bitcoin's limitation to 21 million pieces. There will never be more Bitcoin and that makes Bitcoin ultimately rare. Real rarity can only exist in mathematics and in the digital space. No one can change the code of Bitcoin and the 21 million Bitcoin are cemented in this code. This makes Bitcoin scarcer than gold, where there is no upper limit which can be mined at most. For Bitcoin, the limit is 21 million, which will not be reached until 2140.
Your best feature and expectations for bitcoin is only on scarcity, which economically, means it's ability to increase in value when demand is much higher than the supply is also what you like about it, which all surrounds the possibility of making profit while holding it, which is not a bad thing Anyways. The supply is max capped, it can't easily be increased or decreased, but that doesn't mean there is no rare possibility that it can be done.

Aside from me also being interested in the area you pointed out, the fact that I don't need to fill in any 2 pages of document before I can spend bitcoin is enough. My key gives me total control and that freedom alone is one of my favourite features.

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Today at 08:48:11 PM
 #47

Now to the question of this thread: What do you find best about Bitcoin? There are so many and they all make up the uniqueness of Bitcoin.

Well, I want to believe a lot of users must have mentioned all of Bitcoin properties, but out of all them, what I appreciate most is its decentralised and self custody properties. For anyone who has experienced the back and forth troubles with banks and other financial institutions, it would be weird not to appreciate these two properties of Bitcoin. Nothing beats a perfect working system with no central authority.

One other property that I like, which I think also falls under its decentralised nature, is the ability to make crossborder payment without restrictions. It's funny how the world wasn't really talking much about how so many countries had issues with sending and recieving funds globally some years back(maybe even now). A certain financial payment service once restricted my country for some many years. We were only allowed to have access to the send-only feature, while the world could send and receive. I don't know about others, but the few things I've experienced have made me choose these two properties as my very best.

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