Bitcoin's properties can be divided into two main categories: fixed and variable. Fixed properties are those that come from the rules of the Bitcoin protocol, which are transparent and unchangeable. Examples of fixed properties include scarcity, divisibility, and transferability. These properties cannot change without the Bitcoin protocol undergoing change itself.
On the other hand, variable properties are those that can change based on how much bitcoin is used around the world. Examples of variable properties include liquidity, acceptance, and volatility. These properties improve or deteriorate depending on how many people are using Bitcoin, how much they are using it, and what they are using it for.