What Makes Bitcoin So Special?

[emma.lee1890]

Bitcoin, an invention by the anonymous cypherpunk Satoshi Nakamoto is the worlds first successful cryptocurrency. Prior to Bitcoin it wasn’t possible to pay anyone on the internet without having intermediaries or middle men involved. Shortly after its introduction many variants of it arrived on the scene called altcoins, with promises of faster confirmations, better scaling, better privacy features, and with more robust smart contract support. However Bitcoin holds far more value than any of the newcomers. Where does this value come from, and why do so many consider Bitcoin far superior?
In modern-day times its natural to think that if something is brand new, just wait and a better, faster, cheaper version will be out soon enough. This is certainly a contributing factor to the allure of altcoins. However Bitcoin has developed in a way that may be impossible for it to be replaced. It seems that the really important properties don’t come along when its copied.

[gotbounty]

Bitcoin is special because it was created to facilitate the global payment system. In addition, Bitcoin can make transactions that cannot be done with ordinary currencies. Finally, bitcooin transaction costs are cheaper and transactions with bitcoin are safer.

[D_sally]

With the help of Bitcoin, payments became easier to make, all the more you do not need the participation of third parties, he was the first to present us with the blockchain technology, which is very popular now, because it is unique, because there will be no analogues anymore.

[Zed0X]

Like you, I am curious as well that even after the introduction of these "better and faster" versions, they still could not overtake bitcoin. I wish I knew the exact answers. I guess the answer is that many have already accepted BTC as the King and whether it pumps or dumps, many will dump their altcoins to buy bitcoin.

[Rivaldi Kunkun]

bitcoin's getting special because the volume is increasingly growing, the growing number of devotees. In addition, the price is fantastic which makes the Bitcoin favored and in dreams. I also hope to have a bitcoin with a sufficient amount of lots in the future.

[moonking]

Bitcoin, an invention by the anonymous cypherpunk Satoshi Nakamoto is the worlds first successful cryptocurrency. Prior to Bitcoin it wasn’t possible to pay anyone on the internet without having intermediaries or middle men involved. Shortly after its introduction many variants of it arrived on the scene called altcoins, with promises of faster confirmations, better scaling, better privacy features, and with more robust smart contract support. However Bitcoin holds far more value than any of the newcomers. Where does this value come from, and why do so many consider Bitcoin far superior?
In modern-day times its natural to think that if something is brand new, just wait and a better, faster, cheaper version will be out soon enough. This is certainly a contributing factor to the allure of altcoins. However Bitcoin has developed in a way that may be impossible for it to be replaced. It seems that the really important properties don’t come along when its copied.

The fact that it cannot get faked is huge, traditional money has been faked for a long time, and anti counterfeiting efforts are a major expense for governments.  This feature can probably use in other areas, like manufacturing, retail, etc.

[Dynamite]

What makes bitcoin special is the dominance and power to lead the crypto land. It is one of the major coin that lead the flow of crypto whether in good times or in bad times.

[Inesterdd]

Bitcoin is a crypto currency that has a fairly high price, and controls the crypto market. Bitcoin has been trusted by many people, and has been used as a long-term investment by many people. Some negative news about bitcoin and a ban on the use of bitcoin by some countries, will not be able to destroy bitcoin let alone make bitcoin die, because bitcoin has considerable power and support from many people around the world.