What Makes Bitcoin Special?

[Whited35 15285]

I think it will be better to add some points for your topics pointwise so that everyone can easily get what I am really trying to say here. The points are as follows which make Bitcoin so special:-

• Satoshi invented Bitcoin and Blockchain technology for the first time. As the first cryptocoin to follow Blockchain technology, it is special for this world.
• Bitcoin is created to give the financial freedoms for everyone so that everyone can control their own funds.
• Bitcoin is an expensive cryptocurrency. 
• Bitcoin has solved the problem persisted in the traditional finance system. 

[Mohammad Sultan 857]

Well dear Bitcoin is special digital currency which has solved many financial issues that was causing a disturbance. Bitcoin is a solution as it is not crackable and no one can trace it and it is totally encrypted and annyomous.  There is no concept of creating fake Bitcoins and no one can hack it's blockchain

[Pereira 2303]

In my personal opinion, what makes bitcoin special is how innovative it is, being this so unstable, but to be honest it has many notable points such as international transfers, I also tell you that transactions do not have commissions, the commissions are of The wallets and the sites that are made much faster, but to tell the truth, the transactions do not have intermediaries and it makes our security optimal and good, in addition to saving or investing in these cryptocurrencies brings very good results due to its volatility and sudden growth, it is the best possible investment in these times.

[online123 992]

The popularity of bitcoin has increased a lot due to the demand for bitcoin which has resulted in bitcoin now gaining a lot of recognition all over the world. So its price has gone up due to its demand.

[Authority 630]

About bitcoin is that its fee fluctuates awfully rapidly which is supplementary beneficial for us the as a rule distinguishing attribute of bitcoin is that its value fluctuates therefore immediate that we know how to reckon that in establishment.

[entrepreneur 634]

Bitcoins is very special because it is anonymous and because it has low fees, and is very unregulated in some countries, as you can own 100 btc and the government will not know.

[Rozy 1918]

Bitcoin and cryptocurrency in general are wanted and considered a special coin because it is decentralized coin that is not subject to any authority or regulations and that its is very easy to transfer from one country to another and that you do not have to pay taxes on your income or what ever you earn out of working in it.

[Naseer Ahmad78 721]

The most important thing which makes the bit coin special is that most of the people can understand the feature of bit coin and it is more faster way of transaction with low tax,i will suggest you to use bit coin which is more trusted all over the coins.

[Brandonsaw 1973]

Bitcoin is very special because it is the mother of all altacoins since bitcoin has a lot of volume, it has a lot of purchase demand, that is why it rises very quickly in price and that is why many people want to use bitcoin because it is the best cryptocurrency it is number 1 for  that's very popular and everyone knows her.

[Serbberq 724]

Bitcoin have become the greatest because it have prove to be reliable for crypto trading and investment and it have been growing and can deal with economical crisis in cryptoworld. 

[joemcgwa 3227]

The special of bitcoin is come from, bitcoin was the first cryptocurrency so thats means it is the mother of all cryptocurrencies, so people must respect bitcoin as the major currency.

[lharost 1526]

On 10/9/2020 at 3:26 PM, Chrenova said:

Why would anyone bother creating a digital currency?

One word: Decentralization

 

We live in a world or in countries that their governments put all their efforts into controlling their people and track their every step even when they're online, this will help them to predict any kind of trouble that can be caused by their people and be prepared for any kind of outcome(good or bad).

 

You know what's the result of that?, it means people that are unaware of this would think they are free while as a matter of fact they're not and every single transactions that they make is being watched and tracked by banks which are a tool in the hand of governments and they can use those data against you whenever they want.

[Chirs Anthony 206]

Bitcoin is truly a revolutionary idea , bitcoin  is the same as money in concept and is of good value , the main difference and an advantage of Bitcoin is it's anonymity  and it's security . Bitcoin does not involve a bank or such institutions governing or watching over the transactions.

[Matias Conforti 89]

It seems to me that what makes Bitcoin special is the refuge it represents against inflation, BTC cannot be increased or printed, apart from this, it does not depend on any particular government, which makes it strong against local restrictions

[Samotokika 1780]

On 10/9/2020 at 4:56 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.

I think people trust Bitcoins and they do a lot of transactions in it so it is easy to asses it and do transactions by it on any part of the country at any time.lot of businessman are doing their investment in Bitcoins and it is somehow reliable  for them.

[Nonahassan 915]

What makes Bitcoin special in my opinion is that it is the first digital currency that appeared on the market and this alone is enough second thing. The limited number of Bitcoin, which may be small, and the distinctive thing is that it is linked to gold, I think.

[entrepreneur 634]

I also think that the fact that you can send money to anyone and it is very hard to be traced by the government makes it very special, let alone the low fees on altcoins.

[Anshamaraam 327]

Bitcoin has all ghe future investments, buy sell and business . If you are looking to know more why its demands increases. Then i will tell that everyone want to buy dome coins with cryptocurrency and that is why people demands.

[Hanbal 359]

The main the reason that makes bitcoin to be more valuable and important out of many other cryptocurrency is that it is free from manipulation and alteration and it is highly avolatile it can make you rich within some minute this could be one of the reasons why bitcoin is the icon of cryptocurrency and valuable.

[Ahmad ah 1212]

Bitcoin has a prominent position among digital currencies, and that position is due to its high price, good profits, and the difficulty of manipulating and stealing it.
In addition to being a decentralized currency, it is not subject to any central banking system. In addition to its ease of circulation as it is a widely popular currency.

[koynayak 1923]

I beileve it's speacial because it was the first one. Bitcoin is a father for altcoins and the other reason about bitcoins speciallity is blockchain. Blockchain system became popular and the people who never heard of anything about bitcoin start to hear the name of bitcoin. Also other important thing about that is the huge price increase.

[Shaza Ahmad 1682]

I think that getting rid of dealing with banks is a great blessing, because banks are really annoying, especially when dealing with large sums and they have questions that may not end, so the use of Bitcoin may preserve our privacy and I think that what distinguishes it most in the recent period is the view of major investors in the world towards it as an asset It has real value.

[Roman Wickler 1021]

Because of its popularity it makes it really great. Bitcoin is a really great coin. It is popular and really valuable. It has a really good hipe on market and everybody buying this coin. So because of this it makes bitcoin really great. 

[Sandra k 6]

The value of coin makes the coin more reputed and no no other uses bitcoin changes it's value rapidly ,rising valuers for BTC in the reason why bitcoin is using buy large number of users and also it is used for trading value of coins which have larger reputation is used for trading in different trading website.

[Sairaranjha 674]

Bitcoin is most popular then other currency .it is more accessible. Bitcoin  transaction has no intermidiary institutaion or government involbement.cost of transcation is very low.people who had bitcoin got more profit .