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Basic Questions about Cryptos / Re: Why bitcoin
« Last post by Gladitorcomeback on Today at 08:13:07 PM »I've always believed that Bitcoin's decentralised nature is one of the most important features that makes it to stand out, I mean not having any central authorities makes it unique because no one can make new bitcoins unlike other currencies. This has made bitcoin safe from inflation and other factors that could have eaten it up.
You are right, decentralization is one of the reasons why it has become so popular because for the first time in forever, the world was given a financial asset that was completely decentralized and was completely in control of its system without the intervention of any centralized authority. Other than that, the limited supply made it unique because it is scarce and as the demand increases, its value increases with it.
However, nowadays, most people are interested in Bitcoin or cryptocurrencies because they have volatiles values and they go up and down which creates opportunities for them to gain profit when they buy them low and sell them high, but the properties and benefits of Bitcoin are unmatchable despite all other things.