Bitcoin is not Money, is Faith - page 2.

markleal

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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.

Hi there cloud.runner! So the question is how much faith you have in bitcoin? Is it because you are always praying for the price to go up? Or is it the amount of trust you pour it in so that you wont be able to sell your possession during the low price value? I think, the end result of all are still the price. And if people talk about the price, it is not far to compare it to other currency, which is mostly the fiat. Thus, we can't set aside that bitcoin is a form of money.

yoseph

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Quote from: Kildin11 on May 25, 2018, 02:29:11 PM

bitcoin is the belief in freedom and independence. Belief in the chain of blocks as a technology that changes the world for the better! as pathetic, but it is.

When OP says faith it means that having faith that the investment that you started is eventually going to yield a lot of profits for you but even though bitcoin is an investment asset, it’s also a currency.

AlexAce420

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At first, I disagree with you that bitcoin is not money but faith. Because if it would only be faith, no one would be buying it. It’s true that Bitcoin is not only money but also an asset. You can use it every day to make multiple payments. You can still buy a lot of things with bitcoin. It's not about what we call it but it's all about its function as a currency.

Anamika143

newbie

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Nobody will stop you from thinking about your thoughts. But what Bitcoin thinks about is a bit wrong. Even if Bitcoin does not have any money directly, it can be converted into money when it is possible. And of course Bitcoin should be paid by the money. Because Bitcoin is worth the money in exchange for money.

Kildin11

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bitcoin is the belief in freedom and independence. Belief in the chain of blocks as a technology that changes the world for the better! as pathetic, but it is.

jefrihunter

full member

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well i think bitcoin is blessing it’s true that bitcoin is not only money but also an asset it can help you in your present, 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 and Bitcoin is a currency that must be exchanged for paper money to be exchanged.

biboy

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Yes it is not a money actually since we cannot see it but for me bitcoin is like you are investing in a stock market, it was just the faith as well that by investing and holding on it the value will rise in the future, so it is not impossible not to happen since in stock market we are also just hoping that it will rise.

Skyonito

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why do you think it?

Antonina

jr. member

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This is the fact that no central bank controls the production of bitcoins, which makes them a unique currency. Independent people monitor everyone who buys, sells, and owns, bitkoyny and in some general form makes the market in bitkoyns

hodlftw

full member

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Santa Coin

Well there needs to be trust in the system which is the faith we have, but by every stretch of the imagination Bitcoin is money. Currently it doesn't act like money because people hoard it but nonetheless it is a currency that some use worldwide.

ritiktakyan01

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Bitcoin is also money and faith can also buy anything online from bitcoin. Trust is the transfer of these same things also happens to be true.

PAKYU

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i think both:) without faith money is worthless thing to have, without money any faith is over some day.

kobratuz

newbie

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my opinion you can say it & I also think bitcoin is faith but you can exchange on money

Glydel1999

full member

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Actually bitcoin is a money and faith in a way that the company of bitcoin is helpful and useful to the investors that wants to gain a good enough amount of income or profit to support their financial needs.

adpinbr

sr. member

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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.

alfs75

full member

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platform for everyday business

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.

Will you have a good point about the value and meaning of bitcoin into this digital currency world,thats its not only we talking about money,but by also in faith that by believing into bitcoin,to change our world and lifestyle in life,actualy sometimes i call this bitcoin in my own as a achiever of our dreams,and future savers because every people who become part of this bitcoiner community,they changes there life from nothing to have something now.

Dudeperfect

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Yes definitely it's not just the Bitcoin but every currency out there is based on the faith and trust. Everything in this world has some value just because some people believe that it has that value otherwise things are worthless. When it comes to Bitcoin, the amount of faith and system of Trust is something different than the traditional methods of creating and sharing values. It is happening for the first time in the history of mankind that we are able to trust the unknown group of people more than the familiar faces and that's what Bitcoin is all about. It is different than centralised money monitoring system and that makes it more secure and accessible for everyone across the globe.

Gynjorn24

newbie

Activity: 32

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for me, its 50/50, you invest in it and at the same time you put faith on your coins. crypto is so risky, and every risk requires a lot of faith. have faith in crypto and let it make everyone rich!

bitcoinposts

member

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Bitcoin is religion more than a faith it is people believe all together bitcoin is like a fundamental right to hold and experience bitcoin

Innuend0

newbie

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some people believe it will worth millions

Topic: Bitcoin is not Money, is Faith - page 2. (Read 871 times)