Topic: Is Bitcoin Sound Money? - page 17. (Read 28562 times)
When people compare bitcoin vs gold then they have a reason, and that is bitcoin's price has a power. But i don't want to debate on this big conversation, simply i know about bitcoin, now it is better than gold and bitcoin is really has a sound of money. Only the shape is different of bitcoin because it has no physical appearance like real money.
I think bitcoin can compete with gold because bitcoin can be used as a means of payment of examples of goods online or trading can also be an investment, gold now can not be used as a means of payment unless the old days are still barter.
I don't understand why people keep comparing gold to bitcoin within the context of currency. Gold hasn't been used as currency for over a hundred years. People wear gold and the buy it to keep as an investment (store of value). When was the last time you saw some one buying something with gold coins? The only reason gold coins are made is for investment purposes, it's nostalgic to have it in an actual coin form.
Further gold is a metal. Bitcoin is electronic, not tangible, it's different on so many levels.
maybe they use the gold for the basis how much earnings and bitcoin can go. just like what USD is.Further gold is a metal. Bitcoin is electronic, not tangible, it's different on so many levels.
but me I don't tolerate to compare it against gold or anything else because they work differently and they are not like each other.
It all depends upon the user who has the bitcoin in the wallet. Right now what we have got is less access for spending of bitcoin, because we cannot buy what we expect. Can get only the products that were listed to the service. Very few give importance to bitcoin as a payment source rather than an investment asset.
No doubt about bitcoin, a very reliable currency for the future. Simply because once you have it you can transform it into real cash based on the nation you are in.
I'm not going into all that debate and whatnot, all I know is that I can use bitcoin to buy things,
I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.
Yes bitcoin is a currency in the virtual world that you can use to buy online and at the same time you can convert your bitcoin into physical money. With that i can say that bitcoin can be a paper money also. I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.
all i know of bitcoin is that i can use it to buy things, more than that like a gold its value could go up and down,bitcoin making life easier for payments and the transaction fees are lower than we expect.
for me bitcoin is money, because i can use it to buy things and i can do transaction with it, and if somebody ask "is there are any similarity with gold or other precious metal?", i dont think so, but as an investment bitcoin is a good option, but to compare it with gold, I think its two different things
well i think bitcoin is sound like money because it is really a money a big money.because if we are going to change the bitcoin into a local money it is really a great value in returns i believe bitcoin is a money a digital money that can be change in a lokal money.agreed. I also think that bitcoin is safe and sound money. I even think that it is more sound money than dirty government currencies.
Bankers are saying that bitcoin cannot be treated as a sound money because of its very volatile value. This the primary reason why people are choosing to horde and hodl bitcoin rather than spending them. But there are also people who are spending their bitcoins. I am also spending some every now and then but very minimal amount.
For me, i consider bitcoin as currency that can be converted in the form of money. I am also spending my bitcoin but in a very important things to preserve my bitcoin for the future.
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
I think one of the factor why bitcoin is very popular to investment is its value. We all know that bitcoin is still new but in the end it has a high price. 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
What kind of person posting this kind of thing,we all know that BITCOIN wasnt a money literally becoz we can put it on our physical wallet.but we can convert it.and we can buy good,pay bills.so whats the purpose of comparing it to gold or physical money.such a waste of nonsense question
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.
You can simply say that bitcoin is a like money that has a high value on online market and trading sites. Furthermore, we all know that we can convert our bitcoin into real money and we can also used bitcoin in many kinds of transactions like paying bills, shoppin on online market and many more. Lastly, I think bitcoin is a new kind of money.
Bitcoin is the first decentralized digital currency,it is a cryptocurrency and digital payments in which many countries around the word use it for bills,online trading and purchasing in some stores who accepts transactions with bitcoins.It may sounds like money because of the earnings you will gain on investing or in mining.It can be easily be converted into cash on whatever fiat you have which tender payments will be made on buying or even paying bills on a manual manner.Bitcoin is investment guaranteed to give profit that can be turn into money or cash.
Till now, yes bitcoin sounds money becase there are very less vendors who are using bitcoin for business purposes. So to buy anything we have to convert our coins into hard cash (money) and then use it for expenses
precious metal is the rare metal utilized in jewelry production and trade buys in money or in type, and something can not determine the volume along with its accurate worth. At the same time, BTC offers the convenience of buying, swapping a fast and convenient in the management of assets, investors can control the worth and be aware of total supply of it. This shows that they'll figure out an image overview of earnings they will get in the future.
It's too early to tell whether it's sound. There is a lot of hype, and little adoption by major players and countries, so it could just be a bubble.
I'm not going into all that debate and whatnot, all I know is that I can use bitcoin to buy things,
I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.
I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.
Similar with you, bitcoin's ability to be used as payment for bills enables me to see it as an actual currency. It is actually a dogital currency. Like when you enroll your bank account to online banking. Difference only is that it doesn't have a physical form and its value appreciates and depreciates over time.
I'm not going into all that debate and whatnot, all I know is that I can use bitcoin to buy things,
I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.
I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.
Correct, there's no need to meddle and argue about different aspects and factors of bitcoin's existence as a currency to whether it is money or not. We all know that bitcoins is used in various services and market online and a good way to invest proven by most people and companies who are now adapting bitcoins in their systems.
a real money, though we still seeing people that have no faith with this system and still doubting its existence bitcoin will be another way of money just
focus on that and it will happen anytime soon.
Bitcoin will be greater than gold because every calendar year the cost is growing.
I'm not going into all that debate and whatnot, all I know is that I can use bitcoin to buy things,
I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.
I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.
Correct, there's no need to meddle and argue about different aspects and factors of bitcoin's existence as a currency to whether it is money or not. We all know that bitcoins is used in various services and market online and a good way to invest proven by most people and companies who are now adapting bitcoins in their systems.
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