Which feature do you like most of Bitcoin?

[Itz-prisigold]

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

You have already said everything that was already on my mind. I agree that one of the things that makes Bitcoin easier for the common man is the ability to purchase Bitcoin in small fractions. Someone that does not have plenty of money doesn't have to wait until he or she can afford to buy 1 Bitcoin before they begin investing. You can be gradually increase your balance even with the small amount they can afford.

And secondly this approach shifts the need of trying to catch the perfect market price and focus your attention on consistently building up your investment portfolio with your discretionary income.  That flexibility is one thing that makes Bitcoin usable for me, particularly if those who don't have a ton of cash to invest all at once.

[Comeacross]

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...

Payment for goods with Bitcoin is not yet rampant in many countries including my own country. Although the number of people adopting bitcoin is getting higher and more merchants also include it on their payment system but that's still not yet a very popular feature to be proud of for now. Privacy is also a great feature but not everyone can boast of it anymore since most people now use exchange. If you're transacting through exchange, you don't longer have the privacy that Bitcoin offers because with your KYC in their possession, your transaction can be traced back to you. To me, the freedom aspect of Bitcoin is what I consider great but some of us sold that freedom.

[MainIbem]

...

...You have already said everything that was already on my mind. I agree that one of the things that makes Bitcoin easier for the common man is the ability to purchase Bitcoin in small fractions. Someone that does not have plenty of money doesn't have to wait until he or she can afford to buy 1 Bitcoin before they begin investing. You can be gradually increase your balance even with the small amount they can afford...

Another good point, many people think that Bitcoin is too costly for them to own but that's not true cause it's for everyone who believes in it and they can buy it in bits with the DCA strategy and own the a good amount of it in future if they can maintain patience and protect their wallet from hackers. Owning Bitcoin would teach people to be patient and disciplined cause only people with those traits would benefit more from it as it gets more valuable in the feature.

[püsür]

Years ago, when the price of Bitcoin was low and it wasn’t widely used, we needed to send money to a country abroad that was very far away and quite unrelated to us. A standard bank-to-bank transfer would have incurred a high fee. They were wondering what to do. So I suggested we send it as Bitcoin or a stablecoin; it would arrive within a few minutes and the fee would be very low. It wasn’t a very formal arrangement, so I sent it from my own Bitcoin holdings, and they transferred that amount to me via our domestic bank. We ended up paying an incredibly low fee. My favorite feature is that we don't have to be inside the regular banking ecosystem. And simply sending bitcoin is so easy and usually with a low fee. Just makes life so much simpler.

[Bitcoin_people]

Bitcoin was created in such a way that I think every part is desirable, especially since it is decentralized, it is not under anyone's control. Moreover, even if someone wants to, Bitcoin cannot be controlled by itself, nor can any country's government. As a result, most people like it. The limited supply of Bitcoin cannot be increased even if they want to, and Bitcoin is open source. Moreover, there is no fear of inflation when using Bitcoin, Bitcoin protects the privacy of a user. Moreover, due to the limited supply, it will be in much greater demand in the future and its value will increase greatly, making Bitcoin valuable. However, we know that every part of Bitcoin encourages users.

[Texac]

...

...You have already said everything that was already on my mind. I agree that one of the things that makes Bitcoin easier for the common man is the ability to purchase Bitcoin in small fractions. Someone that does not have plenty of money doesn't have to wait until he or she can afford to buy 1 Bitcoin before they begin investing. You can be gradually increase your balance even with the small amount they can afford...

Another good point, many people think that Bitcoin is too costly for them to own but that's not true cause it's for everyone who believes in it and they can buy it in bits with the DCA strategy and own the a good amount of it in future if they can maintain patience and protect their wallet from hackers. Owning Bitcoin would teach people to be patient and disciplined cause only people with those traits would benefit more from it as it gets more valuable in the feature.

Dunno everyone know this but you can do the same with stock or gold. A lot of platform let you buy fractional shares instead of a whole share.

IIRC, brokers like IBKR, eToro and Robinhood all offer fractional shares, and you can start with as little as $1.

You can own very small amounts of Bitcoin, making it more accessible for those with less money to participate. But that doesnt make Bitcoin cheaper or change its price. Buying 0.01 btc instead of 1 btc doesn't mean you are buying cheaper asset. 

Whether bitcoin is expensive or cheap really depend on your own financial situation and goals.

[cocadalcan]

The rise in the price of Bitcoin between 2008 to 2026 seems to me to be the best part. If someone studies the price of Bitcoin, everyone will probably call this rise incredible. If the supply of an asset/product is limited, its price actually increases. As the supply increases, the price starts to decrease. The total supply of Bitcoin is 21 million, most of which have been mined.

I find this limited supply of Bitcoin to be the most impressive and this is why demand is increasing among investors and the price has increased so much in such a short period of time. The demand for Bitcoin will increase further in the future, but since the supply remains the same, the price will definitely increase according to the basic principles of economics.

[uchegod-21]

Everything about bitcoin is amazing, I can't say I love just it's scarcity the most, or decentralization, or its permissionless nature, or the freedom we enjoy. All of these features are what makes bitcoin unique, so we cannot separate them. If we do, then bitcoin will not be in any way different from altcoins that have some good advantages in some areas but are lacking in some areas too. Because they are lacking in some areas, people do not rate them as much as they rate bitcoin. Bitcoin is good,  let's admit that fact instead of attaching more importance to some features and leaving out the rest that all make up what Bitcoin stands for.

[MusaMohamed]

The rise in the price of Bitcoin between 2008 to 2026 seems to me to be the best part. If someone studies the price of Bitcoin, everyone will probably call this rise incredible. If the supply of an asset/product is limited, its price actually increases. As the supply increases, the price starts to decrease. The total supply of Bitcoin is 21 million, most of which have been mined.

In 2008, Bitcoin was not created and the Bitcoin genesis block was mined on 3 January 2009. Many months later, there was a first trade on exchange so price of Bitcoin in 2008 is very inaccurate.

https://en.bitcoin.it/wiki/Genesis_block

The first bitcoin trade is pizzas for bitcoins.

First Bitcoin exchange.
https://bitcoin.zorinaq.com/price/
https://web.archive.org/web/20100301174241/http://newlibertystandard.wetpaint.com/page/Exchange+Rate

On 2009-10-05 the market price of Bitcoin is first established at $0.000764/BTC by New Liberty Standard, the first Bitcoin exchange ($1.00 buys 1309.03 BTC.) The exchange rate history is available at two archived pages: first, second. Their last known exchange rate is $0.005472/BTC on 2010-03-02.

On 2010-04-25 the market price is established again at $0.003/BTC, using the daily volume-weighted trading price of the second Bitcoin exchange, BitcoinMarket.com (PayPal USD trades). The owner, dwdollar, actually started operating it on 2010-03-17, however trading data for the first few weeks is—to my knowledge—not available.

[Bluedrem]

Too many positive features about Bitcoin to pick one but if I really had to single it down to one, it’d be that I can self custody, be my own bank which allows me to be out of the system. I really like that I can send money anywhere I want, in whatever amount I desire (of my holdings) without any bank or third party trying to question the transaction or stop me. Obviously Bitcoin is number go up tech with a fixed supply but I really love the freedom of being my own bank.

Yes, this is one of the reasons why people hold so many Bitcoins. While people can gain financial freedom by holding Bitcoin, those who are aware of Bitcoin do not want to miss this opportunity. It is also an asset that cannot be controlled by a single person or group, that is, many people hold it due to its decentralization. When a country imposes sanctions on another country, those countries are hit by massive inflation, the price of fiat currency falls and the price of manufactured goods decreases. But Bitcoin is not just a regional asset, so like gold, its price is always the same for all places.
I mainly invest in Bitcoin to maintain the value of my assets (to protect assets from the forces of inflation).

[taufik123]

Bitcoin is a multi functional Swiss Army knife for finance, with every single feature serving distinct purposes and use case.

Its difficult to say which is most important because each situation requires different features.

But I agree decentralization is still the key foundation. Without it, things like fixed supply, censorship resistance, self-custody and being permissionless wouldn't mean nearly as much.


Bitcoin is all-in-one.

I likes this illustrative image that depicts Bitcoin being a very useful tool for a wide variety of things and staying decentralized without any intervention or direct control by an individual.
Now the obstacle for Bitcoin is about regulation and how Bitcoin is used, because Bitcoin is not completely a digital currency because there are many problems that occur.

Some of the problems that continue to occur in Bitcoin are network congestion that makes transactions not confirmed quickly
because many blocks must be confirmed due to the surge of onc-hain transactions from Bitcoin Layer 2.
While now Fiat transactions can be processed very quickly, but Bitcoin is still constrained by transaction speed problems and fees that will be more expensive when network congestion occurs.

[tabas]

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.

What I mean is that they're not going to put money in it if they'll not profit in it. And so there must be something that will pop for it in the next years and that's why they're also betting on it. Because they're also smart not to be left behind with what's rising. While you're right that we shouldn't be overconfident in it because we don't know what can happen in the next few years and we're all like that. But bitcoin has proven enough to show what it can be as a valuable asset today and in the future.

[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.

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....

There are quite a lot of merchants who already provide this option, so you can pay with BTC and then you don't need an agreement. Of course, many countries still don't have this possibility. I said that it is an advantage because this option itself exists and that it is a huge advantage. As for the bank you mentioned, it has access to basically all your transactions, and generally as you said, the procedure is long. With BTC it's a completely different story, and i hope it stays that way.

[Silikiem]

I’m most particularly fond of the fact that I don’t need anyone’s approval before I can join or make use of bitcoin at anytime and day I want to. I call it financial freedom and that’s one of the features i like most in bitcoin and it comes with convenience while making use of it. With bitcoin I can stay anywhere and send money and make other transactions to someone at any location provided there’s an internet service available. With bitcoin self custody I know that my financial security is assured.

[The Founding Titan]

My personal best feature is Bitcoin's limitation to 21 million pieces. There will never be more Bitcoin and that makes Bitcoin ultimately rare.

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.

Basically every bank in the world can do this and it only goes to show that people are actually tired of conventional banks where they want their money and somehow for whatever reason they just can't access it and it's soo bad that there are memes about it which people use to mock themselves banks. So if you see something that operates differently, where you decide when you can access your money it's natural to fall in love with something like that.

[MusaMohamed]

Bitcoin is a multi functional Swiss Army knife for finance, with every single feature serving distinct purposes and use case.

Its difficult to say which is most important because each situation requires different features.

But I agree decentralization is still the key foundation. Without it, things like fixed supply, censorship resistance, self-custody and being permissionless wouldn't mean nearly as much.


Bitcoin is all-in-one.

Scarcity with 21M bitcoin cap in total supply is true but "can not be printed" more is not too accurate.

Bitcoin protocol can be upgraded but because Bitcoin community are decentralized, such BIP will need to have the majority of Bitcoin community to support, while the fact is very simple, no bitcoin holders want to see Bitcoin total supply be changed.

Either change to become smaller or bigger, it will result in very negative impacts on Bitcoin. If there is a chance, people will believe that there will be more changes in total supply in the future. It's the main reason for belief of no total supply change for Bitcoin will be done in the future because the majority of bitcoin holders are against this idea and such terrible BIP which won't make bitcoin more valuable but more useless.

[Alonso_]

I’m most particularly fond of the fact that I don’t need anyone’s approval before I can join or make use of bitcoin at anytime and day I want to. I call it financial freedom and that’s one of the features i like most in bitcoin and it comes with convenience while making use of it. With bitcoin I can stay anywhere and send money and make other transactions to someone at any location provided there’s an internet service available. With bitcoin self custody I know that my financial security is assured.

Decentralization is something that is very important when it comes to Bitcoin investment, you can stay in your house or anywhere you feel comfortable which you don’t have to go to any bank to get yourself stressed out all in the name of sending money or making transactions, considering that you have internet you can send and transfer money to anywhere in the world, and it very fast and reliable, the privacy associated with bitcoin is also good for the efficiency of bitcoin I don’t think it can be trusted anywhere, no Government  can have access to your bitcoin, just like the Government can have access to money in the bank.