Is Bitcoin Sound Money? | Bitcointalksearch.org

EmJay

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Quote from: iyah09 on December 06, 2017, 02:50:05 AM

of course bitcoin sound money because its digital currency if you convert it will become money

That is also how I believe bitcoin sounds like because if you need cash you can convert your bitcoin right away into a cash in which we can use it in buying stuffs or paying our bills or anything we want to do with that money that came from bitcoin..so I agree it sounds like money too me.

wareen

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Quote from: shata on March 25, 2018, 03:50:32 AM

Quote from: twitami1 on March 25, 2018, 03:48:13 AM

If you can use it just like you use money, then you can call it money. And what economists and others think is not part of the overall picture and is a distraction. People say that some forms of money, such as bitcoin or US dollars, are not backed up. But this is not true. They are supported by one thing: trust.

Well said. I’m agreed. As long as the currency or any type of currency has a value and can buy anything you want, It is money. Well, many people are not trusting cryptocurrency but it is now used in many sites and shops. Bitcoin is the only crypto that serves as inspiration to many cryptocurrency users. Bitcoin has been trusted by many investors righ now.

Quote

Bitcoin is the only crypto that serves as inspiration to many cryptocurrency users

I do not agree these words, Bitcoin is not the only inspiration for cryptocurrency users. Why do you think that? Because cryptocurrency users included Bitcoin users and altcoin users. Many people do not like to use Bitcoin, example Bitmain recently, they just accept to use BCH (cryptocurrency payment) buy their device instead of Bitcoin as the past. Roll Eyes

bitcoinpete

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Do u have some special security system to avoid the risk of being hacked?

keroykeroy

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Bitcoin today can be converted to real money and Yes bitcoin is more than a money. By investing your bitcoin.. Waiting for the bigger price then convert it to money.

)

mypat3op

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Simple people that are not digging deep into blockchain technology can sure call Bitcoin money, as it can be exchanged for dollars and Euro. You can also pay with BTC directly for some services and buy goods online.

Vatimins

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Quote from: RACallanta on March 25, 2018, 03:37:30 AM

most of the people always took for that. they always took for the profit that theycan get in cryptocurrency. but not only the profit you can get. you can also get some knowledge or gaining a knowledge for you daily needs. and also it can help you to communicate with other country

Yes, most of the people in this industry specially newbies obviously thinks about profits alone, although not all, but most of them. But with the knowledge part, I do not think that being in the crypto world would be able to give you knowledge other than knowledge for investing and financial managing which are more likely to be on the crypto side. For me, the best thing that people and this world may get from the crypto world is great and amazing innovation that may turn the real world around anytime in the future.

camric09

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For me bitcoin is a cryptocurrency so i think bitcoin sounds money becuase if you have a lot of bitcoin you can convert it into a real money and you can use this to pay your bills and debts and or if you want to buy stuffs you can youse bitcoin so bitcoin is a money.

You are right, bitcoin can be converted to money and bitcoin sound money for me. That is why bitcoin is very popular now.

shata

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Quote from: twitami1 on March 25, 2018, 03:48:13 AM

If you can use it just like you use money, then you can call it money. And what economists and others think is not part of the overall picture and is a distraction. People say that some forms of money, such as bitcoin or US dollars, are not backed up. But this is not true. They are supported by one thing: trust.

Well said. I’m agreed. As long as the currency or any type of currency has a value and can buy anything you want, It is money. Well, many people are not trusting cryptocurrency but it is now used in many sites and shops. Bitcoin is the only crypto that serves as inspiration to many cryptocurrency users. Bitcoin has been trusted by many investors righ now.

twitami1

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If you can use it just like you use money, then you can call it money. And what economists and others think is not part of the overall picture and is a distraction. People say that some forms of money, such as bitcoin or US dollars, are not backed up. But this is not true. They are supported by one thing: trust.

crocozino

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Quote from: AndreyBitTalk on March 25, 2018, 03:35:37 AM

You can never compare bitcoin to gold...gold is a material that you can hold in your hands, and bitcoin is the figures of the Internet, you never know what will happen to the cryptocurrency, so everywhere their risks

yes, but we can still compare bitcoin and gold because they are both finite and have good value, they are are both hold a pretty same bases thing for trade.
which makes them common. of course you can make some other things from gold because it is physical thing while bitcoin no.. but we are developing species, we are invented new "gold",, so bitcoin might be the new gold for this digital millennia..

RACallanta

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most of the people always took for that. they always took for the profit that theycan get in cryptocurrency. but not only the profit you can get. you can also get some knowledge or gaining a knowledge for you daily needs. and also it can help you to communicate with other country

AndreyBitTalk

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You can never compare bitcoin to gold...gold is a material that you can hold in your hands, and bitcoin is the figures of the Internet, you never know what will happen to the cryptocurrency, so everywhere their risks

dekafee79

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Quote from: caitlinrogers on March 01, 2018, 05:55:43 PM

I think so, however it is a digital money or currency. Bitcoin has been offered all around the world and I see this as a good opportunity to see that iin the near future this will be the new money of the next generation

I would argue if you get a lot of bitcoin, it can be converted into real money to buy your needs. And I'm still a beginner but for me bitcoin is money because money can buy just about anything

pekavcilar01

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Are not all digital moneys human-made things?
I do not think human-produced things will be as valuable as precious metals.
The purpose here is to make money.

leynuuuh

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It doesn't sound money to me when I heard it, it sounds like a business and investment. We all do know that business makes money or even investment but there will be risk so it's not easy. It's like a challenge but it is the greatest business or investment I joined.

alihasangoto

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Do not think why people taking it as money. Bitcoin is going to be assets.

Ahimoth

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Quote from: ?? on ??

For me bitcoin is a cryptocurrency so i think bitcoin sounds money becuase if you have a lot of bitcoin you can convert it into a real money and you can use this to pay your bills and debts and or if you want to buy stuffs you can youse bitcoin so bitcoin is a money.

Yes it is. It may not be tangible like fiat currency, but it also has a value. You can use it to pay transactions, buy things. You can encash it. You can earn through it. You can invest on it. So, definitely we could say that, yes, bitcoin is sound money. And many have really benefited financially from it.

Eleanorjean11

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gold is the precious metal used in jewelry production and exchange purchases in cash or in kind, and one can not determine the volume as well as its true value. Meanwhile, bitcoin offers the convenience of purchasing, exchanging a quick and convenient in the management of assets, investors can control the value and know the total supply of it. This shows that they can figure out a picture overview of profits they will get in the future.

virasog

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We should not compare bitcoin with money its just a currencies for us. All i do with bitcoin is investing, holding and waiting for its increasing price. Where i use money to buy things, bitcoins can be called as money only if every people use bitcoin as payments process, But most of them trying to get trading and profits out of bitcoins . Its just a currency which has no fix value. Its same as gold people invest it and expect to increase price and then sell it.

ToyotaFortuner

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yes of course bitcoin can be said money because by using money you can buy anything you want and also apply in bitcoin, by having bitcoin you can buy anything you want, bitcoin is digital currency.

Topic: Is Bitcoin Sound Money? (Read 28558 times)