Bitcoin is not Money, is Faith - page 8.

Memenya

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Activity: 238

Merit: 10

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 dont really agree with this. We should not value bitcoin with just faith. But its your opinion.
For me, bitcoin is money. I value bitcoin with money. Investment and currency are the way i call it.

minisegway

newbie

Activity: 14

Merit: 0

Not a bad phrase, somehow remembered. But everything in this world is done not just by faith, but also by the hands of a person, by his brains, by his actions - that's why everyone decides to influence the world, or leave it the same.

rancidgash

hero member

Activity: 735

Merit: 500

Quote from: GraciousBanshee47 on December 31, 2017, 04:31:53 AM

We should believe in Bitcoin as a breakthrough in technology instead of believing in it because of how its price rises.

There are different ways to make money with Bitcoin, such as mining, speculation, or starting a new business. Everyone has to make an accurate estimate of the costs and risks associated with these projects.of course, all this can not be done without faith

Leopardon29

jr. member

Activity: 70

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Bitcoin is money built on the belief that the technology it runs on is a breakthrough. I think the 'faith' you are talking about is its price going up.

icoDealDeckcom

newbie

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Quote from: malikusama on December 31, 2017, 05:09:53 AM

Quote from: Kakmakr on December 28, 2017, 01:11:05 AM

Someone once said, "Wealth is not evil, but the worship of Money is" The word "Faith" links to religion and should not be associated with Bitcoin. We do not worship Bitcoin, but we hope that Bitcoin will be able the change the world.

I hope it will be affordable enough to enable micro payments and to include the unBanked people of this world. ^smile^

Well said, a strong belief or faith is something else that doesn't fit here with bitcoin. Everyone is aware of the risk involves here, and everyone has a fear deep inside them even if they rely on bitcoin or do believe that it will keep growing further.
Bitcoin is a currency and is treated like an asset, investment or money. I myself believe that bitcoin can change the world economy and money system if it keep growing like this but no one knows the future so we can't take it as a faith.

From your lips to gods ear.

Hirameki

member

Activity: 176

Merit: 10

Quote from: GraciousBanshee47 on December 31, 2017, 04:31:53 AM

We should believe in Bitcoin as a breakthrough in technology instead of believing in it because of how its price rises.

Bitcoin is just a product, the technology that revolutionized the financial industry is the blockchain technology. Everyday we can see how this technology improve our lives. Bitcoin on the other hand, makes a good entrance in the market and become famous. Also, the problems solved by bitcoin is something worthy that is why its price goes higher as time goes on.

malikusama

copper member

Activity: 1050

Merit: 294

Quote from: Kakmakr on December 28, 2017, 01:11:05 AM

Someone once said, "Wealth is not evil, but the worship of Money is" The word "Faith" links to religion and should not be associated with Bitcoin. We do not worship Bitcoin, but we hope that Bitcoin will be able the change the world.

I hope it will be affordable enough to enable micro payments and to include the unBanked people of this world. ^smile^

Well said, a strong belief or faith is something else that doesn't fit here with bitcoin. Everyone is aware of the risk involves here, and everyone has a fear deep inside them even if they rely on bitcoin or do believe that it will keep growing further.
Bitcoin is a currency and is treated like an asset, investment or money. I myself believe that bitcoin can change the world economy and money system if it keep growing like this but no one knows the future so we can't take it as a faith.

sunno330

full member

Activity: 406

Merit: 100

homt.net

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.

There is no substitute for Digital Currency or Cryptocurrency to revolutionize any country. Its role is very much due to any development. So it should not be worth comparison.

GraciousBanshee47

newbie

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We should believe in Bitcoin as a breakthrough in technology instead of believing in it because of how its price rises.

goaldigger

sr. member

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Yes, bitcoin can be earned through just holding but it is not just its function. The main reason of bitcoin is use it as a currency and a currency is a medium of exchange which is done in liquid and not by holding it.

futuris

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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.

Bitcoin, dollar, gold - this and many other values in our world are conditional and have no value without our belief in them.

senin

full member

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Bitcoin is not a religion. He can not be grounded in faith. Such a statement is not true. However, here, after all, it is necessary to clarify what is specifically implied by this word, as applied to bitcoin. Blind faith here is useless. But the optimistic faith in the future bitcoin will only benefit him.

v3liana

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Merit: 101

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 its what bitcoin is. too much people believe it will going up. and all people buy it and expect big return. this is what we call ponzi scheme that makes the value increasing so high and soon it will be pop out and everything is in vain.

HappyLocust41

newbie

Activity: 67

Merit: 0

Faith it not enough especially if you are looking at its current performance in terms of a payment platform. I think things will get even worse.

RodneyKings

full member

Activity: 213

Merit: 103

For me Bitcoin is money and faith. Money because you can convert it to cash and spend it anywhere you like and faith because you really need faith in waiting for it to profit. So BTC for me is both.

siddu67

full member

Activity: 392

Merit: 106

No,though bitcoin is a faith but you can not say that it is not a money.We earn bitcoin and exchange with usd.After that we can make them into cash easily.Thus bitcoin is a faith as well as a money.

kurian

full member

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Merit: 102

It's a big investment in this era.. you can't simply say that, it's a faith.. It's the future.

Direwolve735

full member

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Of course, Bitcoin is largely dependent on our faith in him. The Crypto currency is not backed by anything material, it has no weighty basis and foundation for existence. Bitcoin exists insofar as we believe in it. But still it is not only based on popularity. Bitcoin is influenced by many other factors. I agree that it can not be called full-value money, since it is decentralized and not tied to the economy of specific countries.

Malsetid

hero member

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CryptoTalk.Org - Get Paid for every Post!

Faith makes it money. Same way as what makes paper money valuable. When a lot of people believe in its value, and they trust it, then even if its just thin air, it becomes valuable.

Maestro75

sr. member

Activity: 1960

Merit: 329

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.

Quote from: bitcoinposts on December 28, 2017, 12:37:04 AM

Bitcoin is nt money it is faith it is religion it is occult science it is mania it is more than technology and money in real

Really? So you guys think bitcoin is something supernatural just because you don't understand how it works? Come in dudes, that isn't it. What turns bitcoin or cryptocurrency on its head is called technology, demand and supply. You could say faith when Satoshi first crafted the blockchain but it isn't faith anymore that drives bitcoin.

Topic: Bitcoin is not Money, is Faith - page 8. (Read 871 times)