What Makes Bitcoin Special?

[magd 5231]

Your words are somewhat acceptable, but we must not forget that bitcoin fees have become very high with the rise in the price of bitcoin and its transactions have become close to central bank transactions in terms of cost, while alternative currencies are still low, and yet Bitcoin remains the most reliable and safe.

[percare 3192]

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

Large transitions can have fees in the thousands of dollars range and weeks to confirm.

I didn't know that banks are charging more depending on the amount, I think that most have fixed fee but it can be more difficult when between the banks is something like paypal involved that will make it more difficult. Also will probably depend on the countries of both banks and the systems used.

[Abdul1168782 572]

In my opinion bitcoin is highest digital currency which benefits us at many platforms like it gives low fees, security and privacy, digital handling and easy buy sell from any part of the world.

[bogdanoff 3173]

Yes, Bitcoin is better to send and not other money between countries. It will take less time and less fees from using banks that can take even a week or more. Bitcoin is a also better because the bank can block this transcaction. Some countries are banned too and living abroad will not help send money to family home.

[Ezra 630]

Bitcoin is most popular in a world for transfering money or payments in around the world by internet without showing the identity of the consumers. A lot of people trusted in bitcoin because the protocol of that implement in the private transaction ,so the system it can assure on the safeguarded on every investor or clients. The money will be safe without worrying

[Gluttony 1775]

Well, we know how much fortunate the creator of bitcoin become when the project he made or they have made become popular and successful in the crypto currency industry which I think most of the people who creates projects wanted to experience as well. They might have wanted to have the same fortunate event that happen with the creator of bitcoin which is why they created their own crypto currency. I would say that this kind of thing may not be experienced again by the other crypto currency as the bitcoin already reached that kind of status where they already represents crypto currency industry itself.

[mzk7736 1592]

The main thing that attracts the beginners towards crypto currency is the price of Bitcoin. But when they enter the field of crypto they start to know about the other advantages that it can provide.

[BraveHeart01 1569]

Now the btc is not only a currency  it has many features that make it more powerful  than that and the best among them is  the way it makes you able to invest in this field and earn money.

[Emma William 2399]

Many people are attracted to Bitcoin because of its independence and lack of association with a specific person and its concealment of personal identity .. However, its ease of use and speed is not with the same degree of attractiveness that users desire.

The most important advantage of using Bitcoin to pay is that there is no need for the middleman to complete the transactions. Despite that, the speed and cost of some operations is a negative aspect when using this currency.

Positives
Payments can be completed 24/7 all over the world, even in the absence of banking systems
Bitcoin also has valuable business characteristics, such as: multi-signature mandates and accounting transparency. Multiple signatures allow more than one person to sign to allow a specific batch to be sent, increasing security. The nature of the blockchain - where all operations are generally stored - increases transparency in business.

[MoralStories 1127]

Bitcoin is the first cryptocurrancy that is why it is special and also here are many uses of it now a days and there is much more to learn in this field with the increasing demand of bitcoin.

[Fixfin 2569]

Bitcoin reduces bank operations by 99%. Maybe Defi should be based on Bitcoin, although it does have wbtc on the basis so it is probably more btc than ethereum. I hope to see more defi but somehow with directly use of Bitcoin, this will be very interesting.

[Sykkuno 2887]

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.

[setifien 1016]

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

[melikf78 987]

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.

[Frodler 943]

The fact that the creation of btc follows some sort of special algorithm makes it very special, the complexity of solving some blockchain mathematics makes it even more special. 

[Teminali69 1081]

For me I think it's volatility rate, it's popularity it's unique features and the fact that it is the one currency that can not be touched or controlled.

[BrolySSJ 7899]

It makes sense that banks are against the use of crypto such as bitcoin, however the advantage in these currencies comes in in various different factors. One such factors is the anonymity and ease of transactions that this currency provides you with, which is not the case when it comes to the banking transactions. Furthermore, with this currency you are able to transact internationally with minimal transaction fees, and hence this makes it quite attractive to use as opposed to fiat currency and through banking institutions. 

[Cleaner 2549]

On 10/13/2020 at 1:39 PM, usamah said:

My dear brother, cryptocurrencies have a completely different system from the banking system in that with cryptocurrencies they become liberalized, unattended and unrestricted, as transactions with the existing market and banks have become more restricted to the user and the most beneficiaries are the owners of capital, but in cryptocurrencies it has become more liberal.

Crypto currency is commonly used as an illegal currency.  However, it is not illegal in all countries.  However, Bitcoin does not operate in any bank system.  Bitcoin transacts on computer monitoring systems using blockchain technology.  However, the transaction is very fast. If you want to keep crypto currency, you have to use the wallet.

[The Game 2059]

If you will look at our bank operating system these days is very disappointing with how they charge us with transaction made daily and monthly dues or maintenance, however bitcoin offer us freedom of transaction anytime we wish without any interruption and is well secured to the extent it keep creating awareness day and night with this alone I think bitcoin is special.

[Mansoor sumaan 29 0]

In my view Bitcoin is the best trust table reliable and favorable currency in the world which your wallet holds. It is very easy to trade invest or exchange. The Bitcoin is like the net cash in your pocket when you need money you can easily sell it and when you want to invest you can easily buy the Bitcoin. As the availability of the Bitcoin is very easy in the market so it makes more the Bitcoin more unique among all the other currencies. 

[Barbarellah 2225]

What makes this great project special compared to fiat money in the first place is the security it provides by having it, since it operates based on an immutable, incorruptible and fully decentralized system (Blockchain). The fees in Bitcoin transactions despite its great boom are very low compared to the traditional system. To send Bitcoin to another person, you do not need intermediaries, which is why transactions are very fast. On the other hand, the volatility of its price generates great opportunities where according to market trends you can have excellent profits when you make decisions to buy or sell. Bitcoin is practically universal in the world of cryptocurrencies since through it you can obtain any cryptocurrency that you want to acquire in the market. These and many other characteristics are what make Bitcoin such a special cryptocurrency.

Edited November 27, 2020 by Barbarellah
Word correction

[annayks 2314]

Bitcoin is great because of the community that supports it and are not joking or trying to make money fast but are in it for the long run and perhaps forever. There are people that would give anything to make Bitcoin the biggest asset and there are the best developers working at Bitcoin, some of the top programmers in the world since the project started like Satoshi and Gavin Andresen and later Luke Dashjr.

[yonkii 3205]

I think that in a lot of ways Bitcoin is special and with the increase of cryptocurrencies we have some very interesting ideas that can change everything not only in finances but also in the judicial system, in governance, in reduction of corruption, in increase of world commerce and many more reasons that crypto will have a role to play in the future.

[Nicole018 4548]

The decentralized system of the cryptocurrency is one of the biggest factors that sets them apart from the Fiat currencies. And yes this is the prime reason why most nation's governments as well as the central banks are opposing cryptocurrencies. But I am really sure that nothing could stop cryptocurrencies from gaining support from the people worldwide when they are aware of the its benefits.

[cryptoman22 1026]

On 10/9/2020 at 2:07 PM, norbercripto said:

dear chrenova, bitcoin came so that we have the freedom to get out of the ponzi system of the traditional market. In our parents' markets, the only ones who win are the real owners of money, governments and institutions. The bitcoin with will set you free!

Exactly dear friend I think the same as you, therefore I totally agree with the answer since bitcoin gives us the freedom that our Parents could not have
A big greeting to the whole community and good luck to all