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Topic: Bitcoin is not Money, is Faith (Read 871 times)

copper member
Activity: 131
Merit: 6
May 26, 2018, 01:20:55 AM
Bitcoin is a digital currency. It doesn't matter whether its money or not. At first glance it seems like nothing work paying attention, and that is your faith, once your faith empowered your mind that bitcoin is not money and thus its your faith, then let it be, your faith might help you earn money by using it or not.
newbie
Activity: 173
Merit: 0
May 26, 2018, 12:35:54 AM
What about someone who does not have faith and does not care about it? I think just having faith is not enough. everyone's way of thinking is clearly different. But realistically bitcoin is closely related to money and also has the same function with money.
full member
Activity: 420
Merit: 100
May 26, 2018, 12:21:27 AM
I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.
bitcoin is a virtual currency using cryptocurrency, in my opinion rather than being held waiting I am currently following a bounty campaign by getting rewarded from what I'm working on
full member
Activity: 392
Merit: 101
May 25, 2018, 11:53:16 PM
I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.
Good opinion and I like your opinion that bitcoin can not be value as money but as a faith so who feel have a bitcoin save then one day if they do not have money then sell the bitcoin so they can profit.
I'm sure bitcoin can change everything while its followers can make bitcoin like paper money that people use every day.
newbie
Activity: 224
Merit: 0
May 25, 2018, 11:39:25 PM
You can say so. We believe that with the help of him our life will change in the first place. And also that crypto currency is the future in a changing world.
newbie
Activity: 42
Merit: 0
May 25, 2018, 11:35:28 PM
money vs faith i d rather like money
newbie
Activity: 109
Merit: 0
May 25, 2018, 11:32:37 PM
We put our trust in bitcoin and we hope for a better future of this coin. However, virtual currency will still have to go through a long way ahead. Moreover, governments are very cautious with virtual currency as this is a tool commonly used by criminals. Everyone knows that the central bank releases and manages the money but they can not manage the bitcoin. I am concerned about the actual value of bitcoin and other altcoin.
member
Activity: 336
Merit: 10
May 25, 2018, 11:12:08 PM
I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.
Yes you can be right as we are believing in bitcoins...and we can see that in practical also so its not just belief but reality also...and anything can happen.
member
Activity: 233
Merit: 10
May 25, 2018, 10:55:01 PM
I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

but you buy it using the money you have, no matter what bitcoin you think but at least let bitcoin grow further with the support you provide. by buying coin and holding it.
newbie
Activity: 104
Merit: 0
May 25, 2018, 10:20:02 PM
I would like to quote from Cecilia Skingsley, Deputy Governor of the Central Bank of Sweden: "There will be no problem for those who buy and use Bitcoin as an investment asset. But its value is too easily lost to be considered a real currency. " I think this statement is correct.
newbie
Activity: 109
Merit: 0
May 25, 2018, 10:07:53 PM
I have heard that: The leaders of countries, economists and CEOs have reached consensus: Virtual money like Bitcoin will never have the same effect as the dollar or yen in the real world. However, I find bitcoin valuable based on supply and demand, so it is possible that bitcoin will surpass the USD in the future.
hero member
Activity: 910
Merit: 507
May 25, 2018, 05:29:38 PM
I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.
Bitcoin is money because you don't have bitcoin if you have no money to buy on it, maybe you have faith that bitcoin will go up the price and change the world. But bitcoin is money also that you can convert it into cash.
member
Activity: 297
Merit: 10
May 25, 2018, 05:24:16 PM
I think it can be both. Money because bitcoin is created to be a currency and to be a form investment and an asset. But this won't exist without faith. If you don't believe that bitcoin has the capacity to do these things then bitcoin cannot be a currency,an investment or even an asset.
You are right. It's just about time. Bitcoin is not effective if used as a means of payment at this time, especially as a micropayment, the reason is quite expensive fees and confirmation of transactions long enough, and not fully supported by the government in several countries. But, most likely bitcoin can be an alternative payment in the future.
Bitcoin is money since we will buy them with our money and sell them to make money too, and faith is the foundation to make it stronger along the journey in crypto world. Our faith will determine our decision on dumping and selling our holdings.

Really true, because Bitcoin is a virtual currency to make purchasing or shopping wherever and whenever.
full member
Activity: 367
Merit: 100
May 25, 2018, 05:23:16 PM
I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.
I agree with you that as long as people believe in bitcoin, it will grow. But all people somehow bought bitcoin to earn and lose their money no one wants.
full member
Activity: 510
Merit: 102
May 25, 2018, 05:17:48 PM
I think it can be both. Money because bitcoin is created to be a currency and to be a form investment and an asset. But this won't exist without faith. If you don't believe that bitcoin has the capacity to do these things then bitcoin cannot be a currency,an investment or even an asset.
You are right. It's just about time. Bitcoin is not effective if used as a means of payment at this time, especially as a micropayment, the reason is quite expensive fees and confirmation of transactions long enough, and not fully supported by the government in several countries. But, most likely bitcoin can be an alternative payment in the future.
Bitcoin is money since we will buy them with our money and sell them to make money too, and faith is the foundation to make it stronger along the journey in crypto world. Our faith will determine our decision on dumping and selling our holdings.
legendary
Activity: 1526
Merit: 1001
May 25, 2018, 05:04:18 PM
I think it can be both. Money because bitcoin is created to be a currency and to be a form investment and an asset. But this won't exist without faith. If you don't believe that bitcoin has the capacity to do these things then bitcoin cannot be a currency,an investment or even an asset.
You are right. It's just about time. Bitcoin is not effective if used as a means of payment at this time, especially as a micropayment, the reason is quite expensive fees and confirmation of transactions long enough, and not fully supported by the government in several countries. But, most likely bitcoin can be an alternative payment in the future.
I disagree, because basically bitcoin is a financial medium so it should be used as currency. If the current bitcoin is more widely used as an investment then it's a normal thing. But still we can not just eliminate the role as currency, secure bitcoin stronger and bigger when we more often use bitcoin and one of them is using bitcoin as a medium of financial transactions every day.
full member
Activity: 630
Merit: 100
May 25, 2018, 05:03:15 PM
Maybe you right,  it's a faith. but sometimes its broke my faith.
maybe you wrong,  its a money. but sometimes its make me faithful.

I loved crypto, its change my life. whatever it is.
newbie
Activity: 89
Merit: 0
May 25, 2018, 04:59:09 PM
No. I think it is a money then you need to have a faith .
Because if you want to earn more or gain more money you only need to have a faith,patience and believe that thru bitcoin life's became comfortable.
If you earn a lot of bitcoin therefore you earn a lot of money. That is the true logic why there are many people are interested to BTC nowadays.
full member
Activity: 560
Merit: 104
terra-credit.com
May 25, 2018, 04:57:43 PM
I think it can be both. Money because bitcoin is created to be a currency and to be a form investment and an asset. But this won't exist without faith. If you don't believe that bitcoin has the capacity to do these things then bitcoin cannot be a currency,an investment or even an asset.
You are right. It's just about time. Bitcoin is not effective if used as a means of payment at this time, especially as a micropayment, the reason is quite expensive fees and confirmation of transactions long enough, and not fully supported by the government in several countries. But, most likely bitcoin can be an alternative payment in the future.
newbie
Activity: 154
Merit: 0
May 25, 2018, 04:39:16 PM
Yes I am agree with this sentence.because this is a currency that we can not hold this by our hand and cant even touch it.also for some country its not legal. many people are investing money and workers are taking their payment in bitcoin currency.if suddenly the system is closed or somehow goverment take step about bitcoin then we became innocwnt about that and loose our money and specially about treading aome one can cheat  about trading.
ao we can say, bitcoin is not money. its just a faith to each other.
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