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Topic: Is Bitcoin Sound Money? - page 14. (Read 28562 times)

hero member
Activity: 1666
Merit: 453
December 07, 2017, 02:00:56 AM
bitcoin is a huge amount of money.. another milestones had been reached. 13K USD  and still rising .. those fork and segwits are really amazing  Cheesy
wanna see bitcoin to be 20,000 USD before the year ends
full member
Activity: 191
Merit: 100
December 07, 2017, 01:56:40 AM
In my opinion bitcoin is gold in internet because bitcoin obtainable by mining and not be printed like fiat money, but the bitcoins can be used for payment method is like fiat money. And it is just my opinion every body has it.
Yes, as i have heard bitcoin, i have thought that it's an online job that pays who works on it. It really can be compared to fiat money because it can be used to pay bills and other stuff but it is a virtual money unlike fiat money. The good thing about bitcoin is that it increases with different amount and that you can manage it.
legendary
Activity: 1137
Merit: 1000
December 07, 2017, 01:44:46 AM
The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.

Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.

Which factors of bitcoin instill this validity of investment?

Watch Video
Bitcoin owners today still must convert their coins back to traditional currency in order to buy certain items, pay bills and purchase things at their favorite shops. However, the tide is shifting and the conversion necessity is falling. As the value of bitcoins increase there will be more value to spread around, and more people willing to spend bitcoins.
What else you want if you are able to improve your financial status with the help of bitcoin? This is what we all are working for day and night, just to live a life where we are not dependent on others for the fulfillment of our needs.

By the way, I will also like to stay away from this argument whether bitcoin is a sound money or not, what I simply believe is that it is an amazing creation which is helping people a lot financially.
full member
Activity: 210
Merit: 128
December 06, 2017, 03:07:11 AM
It is money that maintains its purchasing power, so that a dollar can buy a dollar’s worth of crap today, and a dollar can buy the same load of crap in the future because prices did not change.
full member
Activity: 563
Merit: 102
December 06, 2017, 02:59:14 AM
Bitcoin is really a true currency/money. Why? because once you have it you can convert into a real money according to country you belong. And the banks also accepting bitcoin whether you are in different places of the world. In that case it shows how bitcoin is very popular in online business.

it is for me true, it sounds like money because we can use it to oay for our bills and expenditures. we can use it also to.pay for school tuition in our country and send money to our family.once we convered bitcoin to cash it is real.money. so it is really like money for me. easiest to earn money through bitcoin. and now that the equivalent value of bitcoin is so high , people with bitcoin had earned a lot of money.
member
Activity: 90
Merit: 10
December 06, 2017, 02:50:05 AM
of course bitcoin sound money because its digital currency if you convert it will become money
full member
Activity: 210
Merit: 101
December 06, 2017, 02:24:00 AM
The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.

Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.

Which factors of bitcoin instill this validity of investment?

Watch Video
Bitcoin owners today still must convert their coins back to traditional currency in order to buy certain items, pay bills and purchase things at their favorite shops. However, the tide is shifting and the conversion necessity is falling. As the value of bitcoins increase there will be more value to spread around, and more people willing to spend bitcoins.


Bitcoin is only a sound money now . The value equivalent to bitcoin of dollar is 12000$,one bitcoin is equal to this much dollars.So it's confirm that,bitcoin is greater than dollar.
member
Activity: 72
Merit: 10
December 06, 2017, 02:19:25 AM
The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.

Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.

Which factors of bitcoin instill this validity of investment?

Watch Video
Bitcoin owners today still must convert their coins back to traditional currency in order to buy certain items, pay bills and purchase things at their favorite shops. However, the tide is shifting and the conversion necessity is falling. As the value of bitcoins increase there will be more value to spread around, and more people willing to spend bitcoins.
newbie
Activity: 98
Merit: 0
December 04, 2017, 11:08:23 AM
I do not want to argue with that and the others, all I know is that I can use bitcoin to produce, I can use it to help my economy.
member
Activity: 314
Merit: 10
December 02, 2017, 07:59:34 PM
Yes it really does because you can buy things using it and it is real it is not a joke, just like in a bank you can put your bitcoin in online wallet and it can also increase its amount every months.
full member
Activity: 510
Merit: 102
November 30, 2017, 08:38:01 PM
Yes, it is. Bitcoin is a currency that we can use through digital. But if you want to buy some things that could not accept through online you can convert your bitcoin over your local money. So, we can say that bitcoin sound money.
Absolutely bitcoin is money, that is why more and more people around the world are working for it because it gives financial improvement as what real money did.
Even if you will not convert it to real money but still there are already stores that are accepting bitcoins as payment for goods and services.
full member
Activity: 210
Merit: 100
November 30, 2017, 07:57:43 PM
The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.

Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.

Which factors of bitcoin instill this validity of investment?

Watch Video
No doubt bitcoin is money because you can convert it into real money to buy anything and pay anything and i think this bitcoin is our future money so if you use fiat after 5 years i think they will laugh at you so its time to earn bitcoin for future.
hero member
Activity: 700
Merit: 500
November 24, 2017, 06:37:05 PM
The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.

Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.

Which factors of bitcoin instill this validity of investment?

Watch Video

Right now bitcoin is not sound money in terms of having a low fee to actually buy things that don't cost too much. Buying a coffee at McDonalds is less than 1USD, paying a 3 to 30USD fee(depending on the mempool filling up) is not practical.

Core should raise the block size by .25MB right now, and announce they are going to increase if every 6 months by .25MB. That should easily cover what is happening with technology catching up and being cheaper. At the same time it would take advantage of the SEGWIT savings on space as it goes up.
full member
Activity: 1022
Merit: 100
$CYBERCASH METAVERSE
November 24, 2017, 02:50:33 PM
Bitcoin is a currency which means money. So when I first heard about coin I though it is a scam. But day by day when I become introduced to coinmarket I able to know that bitcoin means a lot of money. So collect bitcoin & earn doller .
full member
Activity: 363
Merit: 100
November 23, 2017, 12:37:56 AM
Yes, it is. Bitcoin is a currency that we can use through digital. But if you want to buy some things that could not accept through online you can convert your bitcoin over your local money. So, we can say that bitcoin sound money.
newbie
Activity: 35
Merit: 0
November 21, 2017, 01:45:35 PM
Gold and bitcoin are both not quite money.  However, gold is much further from money than bitcoin,  as bitcoin can be transferred like money but even abroad.  As to if it's sound,  I don't feel so atm because of the high fees and slow confirmation times.
member
Activity: 210
Merit: 10
LibertyLance - Where Freelancing Meets Blockchain
November 21, 2017, 12:12:52 PM
Bitcoin is a sound choice because mainly due to its
technology and what it has to offer, something that
fiat can't.

- Decentralized
- Immutable
- Privacy
- Price action solely dependent on demand and supply

It's just a matter of time when people realize the true
power of blockchain technology
hero member
Activity: 882
Merit: 506
November 21, 2017, 12:05:54 PM
Yes, you may say it is sound money because you can use it to pay your bills. Not only that, other merchants worldwide also allow you to pay using your Bitcoins. Hence, you may say it is sound money because it can very well be used nowadays to facilitate trade and commerce.

Nonetheless, while it is okay to presume Bitcoin is sound money, we have to be careful on how we use the term "money". It may mean something of monetary value alone or something that can have monetary equivalent when it is being converted to fiat currency. Hence, we have to qualify our usage of terms so as not to juggle up issues all at once.   
full member
Activity: 812
Merit: 108
November 21, 2017, 11:48:58 AM
Yes bitcoins sounds money but it is more likely asset also, because most of the people treat it like asset they just sell and buy and convert it into fiat currency, But bitcoin has two face like i discussed, there are few people who use bitcoin as a payment or we can say that as money.
full member
Activity: 532
Merit: 101
November 21, 2017, 11:47:41 AM
NO!! bitcoin is just nothing its just morethan 8000 USD per bitcoin and money only have 100 Usd on its max Cheesy bitcoin will totally conquer the FIAT its just the matter of time where we can use bitcoin  without internet
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