What Makes Bitcoin Special?

[mohamedpc1 2213]

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.

[Guru2050 8284]

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

[betelihem 4766]

2 hours ago, Guru2050 said:

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

Yeah and also bitcoin is available to hold, trade, exchange at any place in the world, and the best thing about bitcoin is that we can earn it even if we are students and it don't need that much time to invest on it like gold and house, 

[Tesco 755]

Bitcoin is the fastest and reliable cryptocurrency, it features are easy, simple and convinent for transactions, we can get more from cryptocurrency but Fiat money cannot give us some features, bitcoin has more advantage to be special, bitcoin is unique, profitable and Banks are now the intermediate for most of the transaction of the cryptocurrencies.

[Abuhassan 89]

On 11/23/2020 at 2:49 PM, JxDavid said:

There are several points that make bitcoin special and popular, such as the following:

 

1. The supply of bitcoin is limited and is capped at 21 million coins.

 

2. It is decentralized and there is no entity that regulates bitcoins.

 

3. It is global and its value will be the same anywhere in the world.

 

4. All transactions are anonymous.

 

5. It is excellent for the cryptocurrency market due to its volatility.

 

And so I could tell you many qualities that make bitcoin so popular.

In addition to yours Bitcoin has more advantage that makes it more unique and special other than traditional banking system among the unique system of Bitcoin is that transaction can be processed across the globe within a few minute and nobody has control over your money unlike today's bank where it takes more than two days to complete a transaction.

[Naylor89 1223]

I think that the high computing hash power of the Bitcoin network, and also it's distributed in such a way that it is difficult to reach a 51% attack, is a special thing for Bitcoin. Also, the limited amount of Bitcoins makes this coin valuable and special.
 

Edited December 9, 2020 by Naylor89

[Khan 1414]

On 11/24/2020 at 11:47 PM, setifien said:

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

Bitcoin is a technology which itself may be not that much strong but become the reason for other coins to become strong and for developers to develop more strong algorithms.

[pablomarwan 3082]

This is the point that he does not want to happen to financial institutions. However, even in digital currency transactions, some fees charged to miners are deducted. From here they get paid. Here there is an intermediary. The good thing here is that you do not know the face of the person you are dealing with and do not know his destination. All covert transactions. This is the point at which financial institutions do not accept. Therefore, they stress the provision of personal information.

[Braulio Eurea 720]

Bitcoin is the main cryptocurrency in the world, other cryptocurrencies emerged from its blockchain, it is the founder of the cryptographic system, it maintains a high price in the cryptocurrency market, its acceptance is growing worldwide every day, entrepreneurs, Individuals, governments each incorporate activities with bitcoin into their portfolio, accepting payments in bitcoin. This cryptocurrency is present in all the exchange houses of the cryptographic world, has great prestige, reputation and solvency in the world and will lead the world of cryptocurrencies.

[Khan 1414]

On 12/8/2020 at 9:58 PM, Guru2050 said:

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

Right, Bitcoin is the true power of the digital assets and now the quantum computer are introduced and if they made one for mining then it would be a revaluation.

[The shiekh 793]

Well by is the king if all universal currencies working in the digital marketing. And also it would be a helping tool for progressing the economy of a country. Also through BTC minning projects we can easily earn a good profit.

[Ryken8 545]

Bitcoin is the first of its kind decentralized cryptocurrency mined through solving complex blockchain algorithm. It has a mining cap of only 21M and the mining qty halves every 4 years or so. It is bot controlled by any single entity or government which makes it really attactive to common people who are sick and tired of being taken advantage of by large companies and institutions.

[Amr90 1064]

Bitcon has solved most of those problems,
Especially international transfers that take high time and commissions.
But dealing with the bank remains more reliable for people,
As for Bitcoin, you cannot just make a transfer to a person in a second country without them personally knowing or trusting.

[Noman tabassum 1334]

It's a great platform for you to learn and earn at the same time. You will really enjoy this Platform and you can share your experience with others people also by posting your content. You can also go through other experiences by reading the article and their view of the platform. It will improve your content writing skill also. 

[abdullah553 1981]

On 10/9/2020 at 1:56 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.

Bitcoin is actually something different from the currencies that we own. First, it is limited in quantity and does not have a large amount for circulation, and it is also liable to rise and be the next world currency

[setifien 1016]

I think the most remarcable feature in bitcoin is its decentralization concept which has revoltionized the whole economic sphere, especially, the financial network; in addition to the technology of blockchain which is implemented in different sectors

[abd1992 960]

On 10/9/2020 at 1:56 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.

Bitcoin is really something different that Aql previously did not expect that there could be digital money that can actually be paid through the mobile phone

[KHALED ADWANI 1216]

Bitcoin's biggest enemy is the banks
Bitcoin does all the services that a bank can do, better, faster, and more abundant than banks
Also, bank accounts are subject to government monitoring in many countries, and this is something that no one wants

[Husnyjaf 1784]

54 minutes ago, KHALED ADWANI said:

Bitcoin's biggest enemy is the banks
Bitcoin does all the services that a bank can do, better, faster, and more abundant than banks
Also, bank accounts are subject to government monitoring in many countries, and this is something that no one wants

Bitcoin has a lots of enemies and that's one of the major things that makes it special. It's also overtaking most currencies in terms of values and other things that gives a currency popularity.  Bitcoin is the future of all currencies that's what makes it special. 

[abohasnn9 2401]

Dear friend, the thing that distinguishes Bitcoin is that it is a decentralized currency, and the most important thing about it is that it is limited in number, so there is a fixed number of Bitcoin, I think that the number is 21 million bitcoins, and this thing that really distinguishes Bitcoin and makes it so high Thank you

[iberahim 401]

This is very nice question they are many reason why crytop currency is so important too people because people earn a lot money in the forum and a lot accuracy information

[Zafar123 906]

Bitcoin is different because unlike altcoins, Bitcoin created a new category and has the network effect as a result. Bitcoin will continue to be different because unlike centralized coins, it's market driven, immutable and unseizable.

[yato987 2811]

that's right , this is one of the main reasons why crypto still considered illegal but for people they find it a positive side of crypto because by this they don't have to pay huge fees compared to dealing with banks if they transfer a huge amount of money and they are free to send the money doesn't matter its value to anyone on the other side of world with the same fees 

for me i like this feature in crypto

[Izeal 4404]

I think the market capitalization and the price of the bitcoin make this coin special otherwise I haven't seen any thing different from other cryptocurrency. I am sure people love this coin because this coin ha more probability and they got different opportunities to trade.

[tienda 8776]

Bitcoin is the miracle and doing thing faster than the old system of banks, and also is cheap and safe doing transaction from country to other country. When Satoshi Nakamoto created the Bitcoin i his mind will be Peer to Peer, means without intermediary, the transaction will be fast and cheap. These three words; safe, cheap and faster make Bitcoin special.