Topic: What makes BTC stronger. (Read 191 times)

   Bitcoin is stronger because of its value which can be exchanged for and replace fiat currency but keeps a high exchange value, so many people don't know how it function.
  The demand and supply of Bitcoin display it's market value for the number of coins in distribution and the rate at which you pay for it.
   
   Bitcoin can't be duplicated and has made it known to be decentralized and censorship resistance for a long period of time now. supplying of Bitcoin is exactly governed by odes and put to law by the people who make use of it, Bitcoin can be sent anywhere around the globe in a second without subjected to very high cost that is usually billed for in a traditional banking system.

Op you talk well and really di limited number of the coins make it stronger and because the limited number the demands and supply sef come dey make cost again. And because of the rate bitcoin dey go up na the dollar sef they go up and the matter dollar dey go up e no go reach bitcoin because the movement of bitcoin is not the same network with others. Bitcoin is cross boarders transaction scheme that has no boundaries.

And that means that you make transaction to others country with stress and low fee.

Healthy competition dey bring growth to the world, the best one go win at the end of the day. Many cash app fit dey come out but none of dem are comparable to Bitcoin because of the things wey you dun talk and so many other things dem. Bitcoin dey decentralized wey be say no governments dey control am. Bitcoin isn't reversible wey be say scammers no fit take advantage of am to use scam you after you dun complete work for them and they ask for reversal by complaining to the providers of the cash app and reporting you as a scammer.

What makes Bitcoin stronger is because it's controlled by the community and not by a elite group of people like the banks and other centralized currency providers are being controlled by them. Bitcoin transactions are being approval by miners and not a group of bankers. Bitcoin is actually backed by mathematics and not fiats that isn't backed by anything but the words of the central banks managers. This one dey make dem fit print money anyhow dem like because dem know say nobody go fit question them.

What makes Bitcoin stronger is because Bitcoin was created to solve the problems were having with the fiat system, if the fiat currency no be get problem, we won't have had Bitcoin being introduced to us by satoshi himself. Bitcoin still get some limitations but the developers are working to bring a solution to the shortcomings and things will be up and running very soon.

Based on the way wey Satoshi make Bitcoin, if to say people no believe in the coin come invest put, the price for just dey very small dey look us kpee for years. But based on say people(we) believe am come dey invest naim make Bitcoin fit get the kind of strength and name wey e don make, so wattin I dey talk be say na we we naim make am wattin e be today plus the mathematics wey baba Satoshi do when e dey program am. The concept of limited supply na one of the best code wey e write for the Bitcoin network, that alone na why I give am maximum. Because only that one sef go tell you say in the next year's to come Bitcoin price go dey much higher than this, more especially this period wey everybody wan dey fully digitalized and more person are coming into its adoption. Even government them wey been dey fight am, don dey see say no be Bitcoin be their enemy but na another wey for them to invest for the future of their children or themselves.

Yes the number of bitcoin that ever will ever be in existence will be 21 million which but it is not all that is in circulation now but more than 90% of it. This limited number actually give bitcoin the store of  value which is as you said the most important thing but one core thing is the decentralization. Many people choose bitcoin because they want to be in total control of their money and banks we all know how they control People money this is also one of the reasons why people prefer bitcoin. Also bitcoin is a very good hedge against inflation and with ten current inflation striking especially this naira it will be better to have savings in bitcoin. You can be completely anonymous with bitcoin usage.


The problem is some of them do not have this knowledge about bitcoin and as such they do not consider as a means of payment. Also a very big obstacle still remains which is the transaction fee. The high transaction fee will discourage even the buyer to use it because they will have to pay huge amount for transaction fee.

Anytime way person wan start to think of how him wan carry save him money way they value of the money no go reduce the  first thing way dem go advise am to do nah to save for crypto currency and the best place to save am nah bitcoin that one nah if you no wan use the money for something that moment, Bitcoin they help person escape inflation small that one nah part of the reason why most people they buy and keep.

Another thing too nah as others don talk am, privacy side but to use bitcoin alone no go increase your privacy but eh they make way to how person fit increase him privacy with am small, and that fact say you fit send any amount to anywhere you wan send am and no body go question you or the place you wan send to no go limit you from to send am.

You get beta points for this thing wey you yan so, true true na better gist be that but I wan add one thing wey be like say you forget about Bitcoin. Bitcoin na the first and original cryptocurrency wey don enter the market, this one come make am strong and powerful like first son we get sense. Bitcoin no dey drag this position with any other cryptocurrency and if you take eye go coinmarketcap, you go see say na Bitcoin dominate the market with the record showing say Bitcoin sitdown for 51% of the every every wey concern cryptocurrency market. This achievement no be by mistake, Bitcoin deserve am.

Na this kinf reason them dey make me dey encourage people to dey Buy and hold Bitcoin wey be sure banker say e go soft when bull market start. No need of jumping from piller to post because Bitcoin dey enough and e fit sama you all the profit wey you dey find and the risk dey small. My people, anybody wey get ear, make him hear o.

Na the community Naim they make am stronger. Oyibo man say " united we stand , decided we fall" then African man say " broom wey dey in bunch, dem no fit break am except them dey seperated " that one also implies unity. If you watch out, you go see say people dey dey moved by Bitcoin price because of say bitcoin get that kind power to they rise on em own o. But BTC dey depend on community to gain value that is why you see say the preaching about hold dey always dey directed to Bitcoin and indirectly E dey creat hype and also the promote him self. Because our people say " na better market Naim dey sell him self" so all this thing like hold stake accumulate na a termed used to creat scarcity and trapping Bitcoin where E no go dey ranpard so E go dey valuable than any other coin. So Naim be wetting I understand about wetting the make Bitcoin stronger.

One thing I usually say is it's not just the characteristics of Bitcoin that makes it strong because there are lots of Altcoins duplicating this same characteristics and making it even better like Monero coins has the biggest privacy that Bitcoin has minimal of it.
but the what makes Bitcoin so unique is that its a paradigm shift of its own. it's what brought about all the changes and lead to the characteristics which is described as what makes it strong.

Bitcoin has a lot of wild range importance and benefits from becoming the first cryptocurrencies which offers promising profits when held for a long term. Likely said, Bitcoin expericing halvings which helps in reducing the total supply making the demand slightly equivalent to the supply of Bitcoin in circulation thereby causing the market value to increase. These are all wonderful facts about Bitcoin and why it is becoming more adopted.

Bitcoin scalability and censorship resistant makes in unique. It serves as two purposes, a currency and commodity. It is a good investment which will yield a good profit over time.

It is a store of value can be used as a hedge against inflation. The one I love most is that it gives financial freedom which make you to be your own bank and you don't need any third party for any transaction due to its p2p payment method..

As Bitcoin be decentralized crypto, e no get one boss wey dey control am. Users fit get maximum flex with am.
Anytime dem add new ledger to Bitcoin blockchain, old ledgers dey update too.
Bitcoin dey strong against hacking and bad activity, e use encoding protect data.
People dey like Bitcoin well-well, both big organizations and normal users dey support am.

Bitcoin don waka strong and gain confidence as people dey accept am.

For me, one of the major thing about BTC is that you can easily send it to anybody across the glob without passing through any serious process unlike the use of the fiat currency or the mobile banking system. As a matter of fact, if I want to send money to a relative now in another country that's not Nigeria at the moment, I would need to do series of research to know how to go about it because it's not a common thing to just transfer money from naira to even other African currency but when it comes to BTC transaction, it's as easily as getting the wallet address of the individual you want to send the BTC to and thats just it.

The good thing is that most persons have began to see the limitations of the fiat currency and have started looking out for alternative ways of making and investing their fiat so as to become secured with it and the need to use Bitcoin and some relevant altcoin have become a necessity.

The regular devaluation of naira to the dollar will also point those that have all their money in fiat form to have a second thought because at the moment, owning fist is a serious disadvantage to the older and it will not be a thing of surprise to see bitcoin becoming more used in our country.

I'm actually looking at the possibility of those guys doing importation and exportation business to using Bitcoin as their mode of payment since the price of dollar have risen too much and is affecting their business negatively.      

BTC no dey new to us but e get some unique things about am wey dey make am stronger over other currency. The first one be say na limited number of BTC in circulation which is exactly 21 million BTC, the advantage of this be say e get protection against inflation wey dey happen as CBN or the equivalent for other dey print Naira (or equivalent in other country) anytime wey dey like.
Second one be say e dey transparent in the sense say all the transaction dey on the blockchain wey dey accessible to anyone so we fit verify anything.  Again if no be say some cash App dn dey allow sending and receiving of cash easily now na BTC being dey very easy to work with. Other limitation wey BTC being get dn dey resolve small small. most government dn dey support BTC and other Altcoin for the country.