Bitcoin is not Money, is Faith - page 10.

Bdstar

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Quote from: cloud.runner on December 27, 2017, 11:38:32 PM

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

I think so...Bitcoin is just like a platform where you have to keep your trust sincerely, otherwise, you become always confused and worried about this system. but I don't say you to believe blindly, you have to be rational and optimist. I believe Bitcoin has become a better platform for making money and sending money very easily. So that this platform is becoming popular and profitable.
Hopefully, This platform will dominate in the future and it will be a global currency in the coming future.

imstillthebest

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Quote from: cloud.runner on December 27, 2017, 11:38:32 PM

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

lol no. bitcoin is a digital currency and it works or acts just like fiats or money or any other currency that can be used to buy and send money therfor bitcoin should be primarily used that way and not on any other things like investing , mining , trading , etc . most people are indeed mis used bitcoin and they are now using it the wrong way. this can also lead to people to be more greedy and not to be contented on what they currently have in their live's.

Dapper

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My bitcoin 'not money' is paying for my 2 week trip through Japan this ski season. Cheesy

tanghere1

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That is an interesting thought. It is the same as "my money is my religion" also I don't think that it's what you're trying to say. Yes there is faith, faith that the price won't go down LOL. Not faith as in religion.

Nerman

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Quote from: cloud.runner on December 27, 2017, 11:38:32 PM

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

That is to ideal everything is valued by how much its worth. If bitcoins price was $1 will you be interested in bitcoin. People took notice of bitcoin when the price rise and as most of the people i treat my bitcoin as an investment to earn more money.

Digitalbitcoin

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Quote from: cloud.runner on December 27, 2017, 11:38:32 PM

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

Yes Bitcoin is not money or currency, it's a digital asset/tokens or we can say commodity. But still due to characteristics of bitcoin's specifications, bitcoin offer a platform with p2p network to make transaction of such tokens within network and such tokens can be exchanged against fiat currency globally. Now this is advantage that Bitcoins can be mined.

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umm , bitcoin is good investment , but we dont know what will happent next , i think make it as faith is exaggerating

Faith in Blockchain and Cryptography, which gives more security and value to these tokens. These tokens have mined with strong proof of work as well as encrypted algorithm which have back up of Proof of Work and Proof of Existence.

So, Just imagine future !

Bitcoinjheta

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Quote from: Layonk on December 29, 2017, 09:51:23 PM

Quote from: cloud.runner on December 27, 2017, 11:38:32 PM

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

You feel bitcoin like faith? What faith? Faith it will be growing much higher?
When is higher then you sell it or cash out then it is money.

As what i understand about your question that bitcoin is not Money, is Faith. Well, for me i considered as both because we are working diligently towards money and of course faith. Each one of as has a faith that someday it will turn into a successful project that will provide as good income.

CryptoBry

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Quote from: cloud.runner on December 27, 2017, 11:38:32 PM

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

You can be right. However, we have to understand that all fiat money is actually also based on faith...faith that the issuer which is the government can continue meeting up its obligation to the nation and the rest of the world. Just look at those countries who became totally bankrupt...what happened is that their fiat money became also worthless.

This is the kind of analogy you have to understand when dealing with cryptocurrency. Everything in here is based on faith whether you are talking about the digital money or the real one. The US dollar is very much based on the faith that the government can continue guaranteeing its value and when that trust is gone the value of the dollar will plummet just like jumping into a cliff or the hair of Trump being blown away (is he wearing a wig?).

Now, keep your faith alive as the salvation is near...

coynedterm

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Quote from: cloud.runner on December 27, 2017, 11:38:32 PM

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

Yes , This is big truth .In case fiat we have gaurranty by the reserve bank of the country authority that the currency you have have the value , but here in bitcoin no one will give you gaurranty that it has value , here in bitcoin we have trust with each other that the demand will go easily up and we will like to have it because it has demand and we can sell at that average price at which we bought ( for present situation During buy ).
Here we don't mean that bitcoin is useless but also we should see it like gold , which is available in physical and have value only due to demand only but have no gaurranty like bitcoin .
So the better thing have better demand and bitcoin is better so people are buying it and holding .

Layonk

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Quote from: cloud.runner on December 27, 2017, 11:38:32 PM

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

You feel bitcoin like faith? What faith? Faith it will be growing much higher?
When is higher then you sell it or cash out then it is money.

sclmte

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Quote from: heringasem on December 28, 2017, 12:40:48 AM

Quote from: cloud.runner on December 27, 2017, 11:38:32 PM

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

It is faith, and it is money too.. You can still buy a lot of things with bitcoin, and it is the same as altcoins, you can use it everyday to make multiple payments. You have a bad concept about it, obviously

Exactly. Bitcoin is considered as money because it has a value. Although it is not like the paper money we usually used but we can still used it to pay some stuffs at the stores who accepted bitcoin. On the other hand, I believe it is not wrong to have faith in bitcoin but of course we need to do something. We dont have to rely our faith in bitcoin alone but instead we have to work hard to obtain all what we dream of.

ritik01

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Bitcoin is digital currency, not real currency. There is a belief in the people that Bitcoin acts as a currency by not being a real currency. Bitcoin is touching new heights every day due to the belief. Due to the belief the digital currency is the real currency.

gidaahmad

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Just like gold and diamonds, Bitcoin is not money. While there are countries that legalize Bitcoin, Bitcoin is still not a valid payment instrument. And of course the currency of a country we prefer more than Bitcoin.

lienfaye

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Bitcoin is a virtual currency therefore its money that dont have physical form, only existing in the internet. We can only apply this "faith" when we invest in bitcoin. By trusting it as an investment who can help you to grow your money. You can believe or call btc whatever you want it doesnt matter, because investors has only one goal and that is to earn with their investment.

rosepetals

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Financial aid for users: https://bit.ly/2SMY8gi

Quote from: cloud.runner on December 27, 2017, 11:38:32 PM

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

Every person have different concepts about bitcoin and no matter how they look at it as a money or a currency for me it does not matter as long as it gives us an opportunity to be financially free someday and depends on the person whose been in this business if a person strive hard to earn well most probably anyone can create the best future and its not a matter of faith its a matter of hardwork to create money from bitcoins.

christian07

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No it's money and that's really big,you talk about faith but crypto is not like that because it's more on strategy to buy and sell,you can say all you want in bitcoin but crypto is crypto,past is past,future is future so all you have to do are buy and sell then always wait or hold that's all i can say about this digital currency in crypto. and you need to take the risk.

mudsadji

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i think Bitcoin is money, it can bring us benfits.

Powerman001

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yes, that's right. We do not know what will happen in the future. by having bitcoin and believing that bitcoin will change our finances it will be better than us no effort whatsoever. bitcoin is an investment that can profit can also be a loss. learn how to invest bitcoin so we always fortune to invest in bitcoin.

X2PR8888

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I think bitcoin is mostly money simply because it stores monetary value and can be used to purchase a lot of commodoties like paying of utilities, buying online items, or even booking rooms at a hotel. I say it is mostly money because whatever bitcoin you have equates to something concrete and tangible when encashed or pulled out from the system. Whereas faith, it's intangible but if you think about it, bitcoin is so as we do not have an item that denotes its value other than what it currently stands in the market. Bitcoin would be money then but appears as faith in that sense. You have to have faith and believe that its value becomes higher so that whatever faith you have in store would be equated to actual money.

Velkro

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Quote from: cloud.runner on December 27, 2017, 11:38:32 PM

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

Really? Faith in math and cryptography based currency? Its as far from faith as anything could be.
People believe in little green aliens, in spaghetti monsters or in people moving on water . Whatever grind their gears :|. I believe in facts, not fairy tailes or delusions, idont believe in santa claus, i believe in math.

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