Which feature do you like most of Bitcoin?

[goldkingcoiner]

My personal best feature is Bitcoin's limitation to 21 million pieces.

21 Million coins, not pieces. The amount of pieces would be the Satoshi amounts of those 21m coins. Which is by far larger and meant to keep Bitcoin scalable and functional while introducing scarcity. That is one of my favorite features too.

But I cannot choose 1 single feature. I think that might be too hard.

[Awaklara]

Mine is its decentralization, self-custody and censorship resistant. People like me are tired of unnecessary government control. Banks in my country can wake up one day and decide you don't move your money ranging from a few hours to a few days, they always blame it on the network, but we know its a restriction. Using bitcoin with my self-custody wallet, I'm free to send value to anybody anytime and any day and the low fees that have stayed for a bit longer is making it more appetizing.

Decentralization is also what becomes an enemy for the government. We like having control over our own money, but the government does not like it. That is why not many countries legalize the use of Bitcoin and other crypto assets for transactions as a replacement for fiat currency. We can still use Bitcoin for individual transactions, but on a business scale, it may be hindered by regulations.

[yudi09]

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.

I consider Bitcoin’s limited supply to be its greatest strength because it cannot be increased or decreased; thus, in the future, when the total supply reaches 21 million, we will see scarcity. Whether that happens in the next five years or later, one thing is certain: Bitcoin will reach a point of scarcity.
Another great thing is that its value can also serve as the best hedge as a digital asset when users cannot use Bitcoin as a transaction system.

[SeriouslyGiveaway]

I consider Bitcoin’s limited supply to be its greatest strength because it cannot be increased or decreased; thus, in the future, when the total supply reaches 21 million, we will see scarcity. Whether that happens in the next five years or later, one thing is certain: Bitcoin will reach a point of scarcity.
Another great thing is that its value can also serve as the best hedge as a digital asset when users cannot use Bitcoin as a transaction system.

Bitcoin total supply can be changed if the majority of Bitcoin community vote to agree with that BIP but with people who have bitcoin, already invested money in bitcoin, they will not support that BIP. They know well that if total supply can be changed, it will make Bitcoin less valuable and there is fear of other changes of increasing the total supply in other times.

If total supply can be change from 21M to 42M, it will be possible to change it from 42M to 84M and there is no ending for it.

Increasing total supply is only the idea from outsiders, who don't have bitcoin and have never invested money in bitcoin but they want to have something cheaper to buy.

Can the Bitcoin's hardcap of 21 million be changed?

In addition, as a result of lost bitcoins, there will be less bitcoins available than 21M.

Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.

[TheUltraElite]

Total supply being capped allows it to be a deflationary currency and once minting stops its price is bound to increase over time as its use increases.

I personally like the fact that it is censorship resistant. I can easily send money to someone cross borders without having to think about any middlemen being involved. This allows sending to anyone who is abroad but in need of money and they can convert it to local currency of their choice once they receive bitcoin.

Everyone should stock up bitcoin before the prices skyrocket if what I feel needs to be the word. Regular buying/selling is of bitcoin to make money out of the profit is common but holding is always going to be the long term goal.

[katanic97]

There are many things, and one of them is that i can use BTC as a means of payment if I want to buy something, because there are more and more people who accept BTC as a means of payment. The second thing is privacy and the fact that i can make a transaction without an intermediary, i generally consider that the most important...

[yudi09]

I consider Bitcoin’s limited supply to be its greatest strength because it cannot be increased or decreased; thus, in the future, when the total supply reaches 21 million, we will see scarcity. Whether that happens in the next five years or later, one thing is certain: Bitcoin will reach a point of scarcity.
Another great thing is that its value can also serve as the best hedge as a digital asset when users cannot use Bitcoin as a transaction system.

Bitcoin total supply can be changed if the majority of Bitcoin community vote to agree with that BIP but with people who have bitcoin, already invested money in bitcoin, they will not support that BIP. They know well that if total supply can be changed, it will make Bitcoin less valuable and there is fear of other changes of increasing the total supply in other times.

If total supply can be change from 21M to 42M, it will be possible to change it from 42M to 84M and there is no ending for it.

Increasing total supply is only the idea from outsiders, who don't have bitcoin and have never invested money in bitcoin but they want to have something cheaper to buy.

Can the Bitcoin's hardcap of 21 million be changed?

I do not wish to delve into the source material itself; what matters to me is the principle involved. To change that aspect would be akin to altering the very foundation of an existing structure—something that is far from simple, even if all parties, including the developer, desire the change. Personally, I do not agree with making such a change, as that maximum supply limit represents one of the key strengths and unique features of the system.

[Nothingtodo]

Bitcoin has several features that an investor might like. I like the most that Bitcoin has the special quality of working against inflation because of its limited supply. If you keep money in the bank, that money will decrease over time only due to unlimited supply and inflation, but the limited supply of Bitcoin is 21 million and it can never be increased. That is why the price and popularity of Bitcoin increases over time, but the value of paper money decreases over time. Unlimited supply cannot maintain its usefulness in any currency market, but Bitcoin has maintained its usefulness and popularity in a great way. That is why I like the idea of ​​supply very much.

[GeorgeJohn]

There are many things, and one of them is that i can use BTC as a means of payment if I want to buy something, because there are more and more people who accept BTC as a means of payment.

But it's not rall to make payment with bitcoin, Making Payments with bitcoin it most be a census agreement between you and the person you wants to make a payment with...because bitcoin is yet to be a global legal tender....making payment with it, is an agreement between the two parties...

The second thing is privacy and the fact that i can make a transaction without an intermediary, i generally consider that the most important...

Actually, this is the most reasons why so many people is lover of bitcoin, Their's no second party before the transactions will be processed, so everything about bitcoin transactions is done in secrecy..why in banks it needs a third-party and so many procedures while processing your transactions....

[Wiwo]

There are many things, and one is that I can use BTC as a means of payment if I want to buy something, because more and more people accept BTC as a means of payment. The second thing is privacy and the fact that I can make a transaction without an intermediary, i; I really consider that the most important...

The key aspect of Bitcoin payments has a lot to do with regulations, scalability and the rest; these limitations have made the use of Bitcoin for payments of goods and services to be mostly avoided for those who do not have the capacity or trust to make payments through the Bitcoin decentralised network.

Merchants and vendors prefer to adopt stablecoins like USDT, USDC, etc for ease of payment and low fees, but centralised.

Things are changing, and more and more people are beginning to adopt Bitcoin at the p2p level and using it for payment for direct purchases.

[tabas]

That's the ugly feature of cash, they can print whenever they want and however they want. But they won't just print it, we'll see the impact of it economically if they do that. With bitcoin, there's no more printing or minting of its supply as it's set already to 21M. And it will take a century in estimation before it's all mined. Looking at the comments here, it is what makes bitcoin dear to us for that feat. The limited supply gives us the assurance that the value will definitely more worth it due to that.

They do prints and don't care about the consequences of the economy. When the government need an urgent money and want to print money, they don't care about the outcome and the public will never hear about it because the effect of printing cash doesn't effect immediately. It will take about 6 months to a year before the public will know and that still depend on the amount of cash that is printed.

Unlike Bitcoin, if you increase the supply of Bitcoin by 2 Bitcoin, people are going to know, you can't hide it and before you do that, miners must agree on it which makes everything impossible because of decentralization.

I think that they anticipate the negative effect of printing cash and they don't mind at all. While it can solve the problem of the economy and government temporarily, there's the long lasting impact that shall hit directly the people. It's totally different if it's for bitcoin, limited supply and it's scarce.

That's the ugly feature of cash, they can print whenever they want and however they want. But they won't just print it, we'll see the impact of it economically if they do that. With bitcoin, there's no more printing or minting of its supply as it's set already to 21M. And it will take a century in estimation before it's all mined. Looking at the comments here, it is what makes bitcoin dear to us for that feat. The limited supply gives us the assurance that the value will definitely more worth it due to that.

That's a pretty bold claim, imo.

We simply cannot know what demand for Bitcoin will look like over the next few years, let alone further down the road. Value still comes down to supply and demand. If demand does not grow, the 21M cap alone can't guarantee Bitcoin will go up. Even if the supply got scarcer, it'd mean nothing without enough demand behind it.

Bitcoin is scarce, sure. But scarcity alone doesn't guarantee price goes up. No demand, no value.

You're right, but as we are seeing right now we can all agree that it is here to stay. These companies will not hold billions in it for not knowing a thing about what is about to come into it. They're not going to miss on this one but, they'll make sure to profit as they hold.

[IDRIS22]

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.

My most liked feature about Bitcoin is decentralization. Bitcoin cannot be controlled by anyone unlike other money in the bank.Some do see Bitcoin as a door to monetary freedom.

[Peanutswar]

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. [...]

Likewise here unlike banks that they can create a number of supplies of physical papers bills with the bitcoin that has a limited number of supplies which is not currently mined all and of there is a demand for the bitcoin we can still find a good reason to hold because it has a good value.

Now another thing here is you can make a large sum transaction without considering get affected with the AML and also required to submit a document just to prove that it was a legitimate transaction. Just the cons I will notice here is human error because once you get compromised your funds will be stolen.

[laijsica]

The best thing about Bitcoin is its easy investment strategy. Even a poor person can easily become a Bitcoin holder by depositing Bitcoin regularly. Suppose a newbie and poor investor wants to accumulate Bitcoin. If that poor investor has discretionary income at the end of the week he can start. Long term efforts and consistency in depositing Bitcoin will help him become a decent holder.

You mentioned the limited supply of 21 million yes this feature has played a significant role in Bitcoin becoming a store of value. Just buying Bitcoin and waiting for the price to increase is not success. You have to buy Bitcoin regularly and build a decent Bitcoin portfolio in with your financial capacity.

[osasshem]

A feature that I like so much about Bitcoin is that of which no one person, group of bodies or a central control that is in charge of Bitcoin. Any quantity you can have is all yours, controlled and managed by you. There's no price manipulation, it is not affected by inflation or deflation, and it is worldwide accessible. It's killer feature is that of its continuous price increase after a bearish market and this is a major factor that made Bitcoin became even more popular.

[#CapsLOck]

What I like about Bitcoin the most is the fact that you can verify without having to trust a central authority. With a bank I would have to rely on their internal records to be sure that my balance and transaction history is accurate. Bitcoin provides public verification of transactions, and anybody is capable of operating a node to independently verify transactions and the rules of the network. This is simple to miss since the discussion is typically about the 21 million supply or decentralization. I'm stuck with the idea that those other properties are meaningful only if I can verify that the system works for me. I don't need to take the word for it that the rules are being followed. I can check it.

[Olatundespo]

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.

When we analyze the price of Bitcoin, we only see success. The limited supply has made Bitcoin more valuable and more optimistic among investors. If you are on a long term Bitcoin journey, a poor investor can get great financial success. This will be a great success. In the past, investors who regularly accumulated Bitcoin and built a long term stack have received adequate returns. Success everywhere was for those who were on a long term journey. The opposite picture was for those who dreamed of high profits and did short term trading and did not have patience and panicked and sold.

Your question can be answered in many ways, but as a poor investor, I would say that the best thing about Bitcoin is the easy process of building a large holding by regularly accumulation Bitcoin through the DCA method. Just as a rich investor can use the DCA method, a poor investor can also build stack of Bitcoin using the same method, thats meaning a universal investment strategy to build a universal asset is a great way to reach a financially sound position.

[davis196]

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.

It has been repeated more than once than Bitcoin's total cap isn't what makes Bitcoin great. You could create any altcoin or memecoin with a  limited total supply, but this won't help that much for mass adoption and global recognition. The fact that all decisions about the Bitcoin protocol are made after achieving a consensus is what makes BTC great. All the altcoins and shitcoins can be changed by their developers in no time, but Bitcoin was made for the community and the community is what makes Bitcoin strong.

[CryptoBuds]

You're right, but as we are seeing right now we can all agree that it is here to stay. These companies will not hold billions in it for not knowing a thing about what is about to come into it. They're not going to miss on this one but, they'll make sure to profit as they hold.

To be fair, MSTR is pretty much the only company that's truly allin on Bitcoin. The rest may have billions in btc, but that's still just a small part of what they own. They're diversifying and spreading their portfolio around. So dumping billion in doesn't mean they know something we don't, or that it's some kind of guarantee.

I am not saying Bitcoin will not be around for the long run or print profit down the road . What I'm getting at is anything can happen, and we shouldn't get overconfident acting like the future's a sure thing , then all in on Bitcoin  and expose ourselves to way more risk than we can  actually handle.

[Solokan]

I am also the same as you, that is, I am interested in btc because btc only has a total of 21 million and of course another reason is because btc is decentralized so no foreigners or governments can tamper with btc. another reason btc is digital so it is easy to carry anywhere and what is unique is that we will not be affected by inflation as long as we store btc for the long term. and the feature that I like is that we can pay in installments btc and buy btc fractions so that is the thing I like the most because that way we can buy btc using small money and in the end everyone can buy btc so the point for me btc is an asset that provides opportunities for future profits for anyone yes the point is all btc features in my opinion are good because if there is one btc feature missing then I will not invest in btc