What Makes Bitcoin Special?

[Idaho Bruk 573]

Bitcoin has opened a whole new world. During history it was always a better item, asset or coin that was considered money. This kind of money, Bitcoin, is indestructable, very rare and scarce and run on a network that is safe and free from interventions of governments. Nothing better in my opinion from Bitcoin for the next two hundred years.

[Garion hirao 550]

I think its because btc is the first crypto currency coin and its most famous coin in the world and when you talk about crypto the first thing pop up in mind id bitcoin also its the most valuable coin and its price is much more than other coins

[Wane Rastuar 583]

What makes bitcoin special is its revolutionnary technology implemented by it's network "blockchain" that has updated the whole financial system, and the way it operates between users without any track possible

[Ameralsamt 2558]

There are a lot of features in bitcoin, making it the best and most famous currency among the community, and of these features, it's the first digital currency that means it is the oldest, the high price, the high price, the frequent circulation, and most importantly the first currency to be recognized in PayPal, and this is a good start. 

[jnbezchess 1066]

On 10/9/2020 at 2:56 PM, Chrenova said:

Why would anyone bother creating a digital currency? After all, our savings and earnings are recorded and traded digitally. At first glance, it may seem that there is no need for a digital currency when our transactions work well on a day-to-day basis.

But more is happening, and it is understandable why financial institutions would be largely opposed to something like Bitcoin.

Banks are the intermediaries for your transactions. He opens an account to store funds, which he records in his own ledger. You send some money to your friend, but the bank performs the transaction on your behalf. Update your and your friend's account to match debit and credit.

But the bank doesn't do this for free, and of course you have to find ways to generate your own income. One way to do this is to charge a fee for transactions. This is more important in an international transaction which, if you have tried it, is expensive and time consuming. Large transitions can have fees in the thousands of dollars range and weeks to confirm.

@Chrenova In my opinion, what makes Bitcoin a very important invention is its main core, decentralization and ease of transferring a massive amount of money to any part of the earth quickly, safely and without the complications of slow bank transfers.

[Bruno52 1141]

This is a very comprehensive article of why bitcoin is very useful to everyone in the world and why it is vital to the financial world and I know that there are many other reasons that make bitcoin special.

[Razan alikac 1899]

Bitcoin is one of the most important digital currencies for all traders
 It is transacted outside the jurisdiction of a central authority. Bitcoin is primarily used as an investment that resembles gold and other precious metals, as well as can be mined

[Maya20 1048]

I think because it is the most famous and traded, and Bitcoin is good in the market and trading, so it has great importance, and it is a reliable currency as well.

[Adam786 560]

There are a lot of cryptocurrencies but the Bitcoin is more special than others due to its value, price and demands in the crypto world. The bitcoin has more characteristics than other currencies therefore this is more special.

[Rosarvx 965]

Bitcoin is the fastest and reliable cryptocurrency, and the most important thing about it is that it is limited in number

[Jessica john 772]

On 12/29/2020 at 4:53 PM, joseph1122 said:

The demand , value and highest price of the bitcoin make it more special than other currencies because everyone want to get bitcoin therefore its demand and value is increasing day by day and I hope the investment of the bitcoin will be very beneficial in the future .

@joseph1122hey fellow I will do agree with you as I have same thinking about it as you have explained already about this topic.the reason of speciality of bitcoin is it's high demand ,high value and it's prices becomes increase day by day and it's getting more popular in world 

[Farsa fat 328]

The basic idea of creating Bitcoin is decentralization and getting rid of the control of banks and the taxes they impose, so this idea has drawn many people to adopt it, and what increased its popularity and spread throughout the world

[Faska fas 307]

The distinctive features that makes the most profitable, first class and valuable coin BTC special and unique is the high volatility in nature this is the exclusive feature that places BTC above the rest crypto currencies making it possible for BTC to regulate and monitor their prices

[Yad hair 358]

There are many advantages that bitcoin gives you, one of them is to escape from the control of governments and their bad inflationary policies that make our money devalue, allow us faster and safer transactions anywhere, and above all autonomy in bitcoin is us the true owners of our money

[Jacky clark 368]

International banks cannot rely on Bitcoin because it is an unknown currency, in addition to that Bitcoin is not subject to any laws just as real currencies such as the dollar and the euro are subject. Therefore, it is unlikely that banks will rely on Bitcoin, but you can rely on Bitcoin for your correspondence with your withdrawals without the need for intermediary banks.

[Robert William 590]

The biggest thing that makes Bitcoin special is its decentralization. So therefore nobody owns it and nobody controls it. Transactions can't be stopped and also can't be reversed. You can get any amount of Bitcoin regardless of age or financial status. Bitcoin is one of the best man-made

[Wane Rastuar 583]

What makes bitcoin special is its revolutionnary technology implemented by it's network "blockchain" that has updated the whole financial system, and the way it operates between users without any track possible

[Idaho Bruk 573]

Bitcoin has opened a whole new world. During history it was always a better item, asset or coin that was considered money. This kind of money, Bitcoin, is indestructable, very rare and scarce and run on a network that is safe and free from interventions of governments. Nothing better in my opinion from Bitcoin for the next two hundred years.

[Kanji 965]

 I have not really understood, there is that sence  of bitcoin being the kick and the story here is that similar to gold, there is something special about it and we need to be good in it and find that one solution to the works that happens that is even better to what is not as easy today and we are all suppose to be good in what we are doing today and the level is really much easy and perfect and effective 

@The Game @glory @glory50 @Glory39

[AL SHAIMON 1293]

There are so many reason available. First of all bitcoin is the first cryptocurrency which is based on blockchain. We all appreciate the first one. For this bitcoin is special. The bitcoin mining is one of the best way of earning. Lots of people mine bitcoin for earning bitcoin. Which is another special factor of it.

[Garion hirao 550]

I think its because btc is the first crypto currency coin and its most famous coin in the world and when you talk about crypto the first thing pop up in mind id bitcoin also its the most valuable coin and its price is much more than other coins.

[DC71 169]

Bitcoin price make bitcoin special the price of bitcoin is going to the moon in these days. Everyday the price of bitcoin is increased. Bitcoin holding for long term is very profitable. If you have some bitcoin then hold it it will give you good profit  

[Jack764 1841]

Bitcoin has many advantages, especially as it saved a lot of time in transactions and also effort and saved us, paying taxes and being exposed to everyone.

[Abideen 659]

Based on the little experience I have in cryptocurrency, what I think that makes bitcoins special is the is the popularity and the value it has. But I also refer back the question to the experts on the forum to please help us to answer the question. Have a great weekend, have my love.

[Nupeboy 627]

Well you my own opinion I will say what makes bitcoin special is that it has been in existence for a very long time and it price is always high and a lot of people like to buy bitcoin because of its values