Is Bitcoin Sound Money? - page 42. | Bitcointalksearch.org

saenko

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Quote from: rickadone on June 05, 2017, 05:47:04 AM

Quote from: andrei56 on June 02, 2017, 09:20:38 PM

While the technical innovation of bitcoin was incredible I think the thing that makes bitcoin so valuable is something very simple, the limited supply, as time passes more bitcoin is available but less bitcoin is mined, that makes bitcoin even more scarce especially when we take into account, that many coins are probably lost forever.

Yeah the main reason that makes the Bitcoin that much valuable is the limited supply of the bitcoin, if it has a bigger supply than the current supply in the market then it will not be traded on such a high price with the fiat but this feature makes it precious. When the stuff is limited and it have some good qualities then we all know that its demand is high with which the prices also remains high.

Some people have doubts that bitcoin has really good qualities. The problem of unconfirmed transactions remains unsolved and many will not like it. I think that it really hampers the full use of bitcoin as money

rickadone

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Quote from: andrei56 on June 02, 2017, 09:20:38 PM

While the technical innovation of bitcoin was incredible I think the thing that makes bitcoin so valuable is something very simple, the limited supply, as time passes more bitcoin is available but less bitcoin is mined, that makes bitcoin even more scarce especially when we take into account, that many coins are probably lost forever.

Yeah the main reason that makes the Bitcoin that much valuable is the limited supply of the bitcoin, if it has a bigger supply than the current supply in the market then it will not be traded on such a high price with the fiat but this feature makes it precious. When the stuff is limited and it have some good qualities then we all know that its demand is high with which the prices also remains high.

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Quote from: MFahad on June 04, 2017, 10:26:00 PM

Mostly factors of bitcoin sure that bitcoin is a validity of investment.
Also i am simply deny who said that bitcoin is not a money. I am sure and i also believe that bitcoin is money because i and all the people use the bitcoin as a money, than what is different left?
We use bitcoin for amount transfer, paying bills and purchase everything with bitcoin than bitcoin is money, we can't buy anything with papers except money then should accept bitcoin is money.

Can you share in which country yo are where you can pay bills directly using bitcoins? I am guess you still convert your bitcoins to fiat before you even pay for anything. I have not heard of any service yet accepting bitcoins such as utility bills. Probably in Japan, because they made a law about bitcoins there.

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Mostly factors of bitcoin sure that bitcoin is a validity of investment.
Also i am simply deny who said that bitcoin is not a money. I am sure and i also believe that bitcoin is money because i and all the people use the bitcoin as a money, than what is different left?
We use bitcoin for amount transfer, paying bills and purchase everything with bitcoin than bitcoin is money, we can't buy anything with papers except money then should accept bitcoin is money.

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Quote from: BarbieCasino on June 02, 2017, 02:45:22 PM

Quote from: Peashooter on June 02, 2017, 11:39:02 AM

Quote from: Cast12 on September 23, 2016, 09:42:35 PM

I do think that bitcoin is sound money since even though the value either increases or decreases due to supply and demand(like gold). I do like the fact that bitcoin can be transferred faster than gold(depending on where you and the buyer lives). I don't like the fact that sending bitcoins has a fee but I suppose that there is no way around that. I wonder what will happen when the maximum amount of bitcoin has been mined.

I think bitcoin is a kind of electronic or digital money in online market. Bitcoin doesn’t have exact value in market and its price is always changing due to supply and demand the online market. You can use bitcoin in any kind transaction in online like paying bills and many more so I think the bitcoin is money.

yes you are right bitcoin is sound money we can buy any thing in online market and can do online transaction. every one can exchange bitcoin with there country currency easily. they having there owen value like other currency. and there value change in market with demand and supply.

Yeah this is true we can buy shop online with the bitcoin. The bitcoin is basically the currency of the new era which many people are still confused to accept it. If we look at today’s modern world we will see that the use of paper money is becoming less day to day.
The plastic money has taken the place of the paper money and is more in use and now the people are even letting the plastic money go and have stepped into the crypto currency, where you don’t even need a plastic card for the payments. So Bitcoin is no doubt money but it will take time for the people to understand it.

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Quote from: jigzaheedcoin on June 04, 2017, 10:02:16 AM

Quote from: mobilezz on June 02, 2017, 11:57:15 AM

Quote from: Peashooter on June 02, 2017, 11:39:02 AM

Quote from: Cast12 on September 23, 2016, 09:42:35 PM

I do think that bitcoin is sound money since even though the value either increases or decreases due to supply and demand(like gold). I do like the fact that bitcoin can be transferred faster than gold(depending on where you and the buyer lives). I don't like the fact that sending bitcoins has a fee but I suppose that there is no way around that. I wonder what will happen when the maximum amount of bitcoin has been mined.

I think bitcoin is a kind of electronic or digital money in online market. Bitcoin doesn’t have exact value in market and its price is always changing due to supply and demand the online market. You can use bitcoin in any kind transaction in online like paying bills and many more so I think the bitcoin is money.

We, as ordinary users, often use bitcoin as payment for goods and services. But still there are people who invest in bitcoin. For them, bitcoin is not just money, but something more.

I, as a member of bitcoin community, believe that it is still a money. It may not appear as what people expected but the currency of it can be converted all over the world and that's convenient though. Many people got the chance to engaged in this community and has satisfactory reaction about it. Aside from being a fast transaction of the money it is also quick and easy to manage your time using bitcoin. Therefore, bitcoin is also a money for it is converted in some amount and use for purchasing goods, putting up small business and the like.

Yes, I agree. It is fast to transact online and it can be converted into cash and buy our basic needs or even a business. The longer you become a member, the more you become knowledgeable about bitcoin not only because it is through online but also there are linkages that you can get it as a money. No doubt that you can bring it anywhere you go and just like an invisible money perhaps because it is in a discreet way somehow. So it is considered still as a money but in a unique way.

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Quote from: mobilezz on June 02, 2017, 11:57:15 AM

Quote from: Peashooter on June 02, 2017, 11:39:02 AM

Quote from: Cast12 on September 23, 2016, 09:42:35 PM

I do think that bitcoin is sound money since even though the value either increases or decreases due to supply and demand(like gold). I do like the fact that bitcoin can be transferred faster than gold(depending on where you and the buyer lives). I don't like the fact that sending bitcoins has a fee but I suppose that there is no way around that. I wonder what will happen when the maximum amount of bitcoin has been mined.

I think bitcoin is a kind of electronic or digital money in online market. Bitcoin doesn’t have exact value in market and its price is always changing due to supply and demand the online market. You can use bitcoin in any kind transaction in online like paying bills and many more so I think the bitcoin is money.

We, as ordinary users, often use bitcoin as payment for goods and services. But still there are people who invest in bitcoin. For them, bitcoin is not just money, but something more.

I, as a member of bitcoin community, believe that it is still a money. It may not appear as what people expected but the currency of it can be converted all over the world and that's convenient though. Many people got the chance to engaged in this community and has satisfactory reaction about it. Aside from being a fast transaction of the money it is also quick and easy to manage your time using bitcoin. Therefore, bitcoin is also a money for it is converted in some amount and use for purchasing goods, putting up small business and the like.

Intersan

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As a matter of fact, bitcoin is a currency, a crypto currency to be precise. Bitcoin does not just sound money, it is already a money that can be used to perform online money transactions. It has equivalent currencies of every country that can be used as a payment. Bitcoin can be also sold and bought and just like money, it can also be invested.

Bitcoin is so powerful that just like money, it can be used globally.

AK47-

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Bitcoin has given us a completely new form of currency. Why to compare it with gold? Bitcoin is a lot different from gold in many ways. Most importantly bitcoin has given us blockchain technology. Bitcoin was invented to solve different purpose than gold. Earlier it was all confined to deep web. But now bitcoin has became a mainstream currency. People allover the world recognizing it. Countries are accepting it. This all make it sound money.

haroldtee

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Quote from: tosmartak on June 03, 2017, 12:35:33 AM

Why will bitcoin ever be compared to gold or silver and Co? Butcoin is a decentralised currency and extremely volatile which makes it either a good or bad investment, wherever luck falls on your side. It is high time we started looking at bitcoin as an easy way to transact globally rather than an investment. Gold is an asset with a future that is solely determined, we don't even know what's up with bitcoin tomorrow or near future.

You are right. I had gold for some years and a day came that I sold it at a higher value than I bought it. The thing is with gold you can be rest assured you have nothing to lose compared to bitcoin that you can loose much due to its volatility. I once bought bitcoin as a newbie at a huge price only for the price to start dropping drastically. I sold it out of fear of not loosing too much, and then after that, it started rising. Sure, I was a newbie and didn't understand how the cryptospace worked but at least I won't be that scared with gold.

tosmartak

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Why will bitcoin ever be compared to gold or silver and Co? Butcoin is a decentralised currency and extremely volatile which makes it either a good or bad investment, wherever luck falls on your side. It is high time we started looking at bitcoin as an easy way to transact globally rather than an investment. Gold is an asset with a future that is solely determined, we don't even know what's up with bitcoin tomorrow or near future.

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Quote from: Xenrise on June 02, 2017, 10:17:35 PM

Yes bitcoin is money and it is a cryptocurrency, a digital currency in which encryption techniques are used to regulate the generation of units of currency. Based on its own definition, a currency a money. Right? And I don't know why most of the people are comparing gold and money and I can't foresaw what is the point and the purpose of comparing it. It is simple as Bitcoin is a currency and gold is not a currency, well it has value that if you sell it to the market you'll earn a money. In short gold is a material in gaining currency or money or whatever you called them.

Yes actually, cryptocurrency is the future of the financial world, the era of paper money soon disappear and everything will go to the cryptocurrency, currently in berlin there are EXPO about cryptocurrency and visitors are very crowded.

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Yes bitcoin is money and it is a cryptocurrency, a digital currency in which encryption techniques are used to regulate the generation of units of currency. Based on its own definition, a currency a money. Right? And I don't know why most of the people are comparing gold and money and I can't foresaw what is the point and the purpose of comparing it. It is simple as Bitcoin is a currency and gold is not a currency, well it has value that if you sell it to the market you'll earn a money. In short gold is a material in gaining currency or money or whatever you called them.

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Quote from: jak3 on June 02, 2017, 12:17:11 PM

Honestly I don't care about the mainstream any more, I am using Bitcoin from 2011 or maybe 2010 and I am fully using it for my survival in the Internet I think that was the biggest step for me. I don't need any proof to get on this system I just know how it works and I believe in the system. I am proud that I use bitcoin and we are so good that we are here as a community. this community has lot of geniuses.

I know right? I always feel like I'm the dumbest one talking here haha. I know I'm not, but if we go to the technical support threads I'm usually pretty clueless compared to the few geniuses around there.

andrei56

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While the technical innovation of bitcoin was incredible I think the thing that makes bitcoin so valuable is something very simple, the limited supply, as time passes more bitcoin is available but less bitcoin is mined, that makes bitcoin even more scarce especially when we take into account, that many coins are probably lost forever.

lemonade09

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Quote from: kidoseagle0312 on September 23, 2016, 09:55:46 PM

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 really it i guess bitcoin is really a money and it is really sound like money in other people who already have knowledge about bitcoin so good thing to every one but i guess bitcoin and money are both currency but today bitcoin is not yet consider fully as a currency in many countries.

Angel777

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Yes bitcoin sound money.Its not just money but a big amount of money depends about your performance.The way you give your time to this kind of job thats the way also for you also to take you pay.It based upon how you work to get a salary.
Bitcoin is hope for the hopeless.Its a hope for a future siccessful life.

MingLee

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Quote from: jak3 on June 02, 2017, 12:17:11 PM

Honestly I don't care about the mainstream any more, I am using Bitcoin from 2011 or maybe 2010 and I am fully using it for my survival in the Internet I think that was the biggest step for me. I don't need any proof to get on this system I just know how it works and I believe in the system. I am proud that I use bitcoin and we are so good that we are here as a community. this community has lot of geniuses.

If you're able to live entirely off of Bitcoin then color me impressed, I didn't think it was possible. What's the minimum wage in your country, if you don't mind me asking? I'm curious as to whether or not it's because of a low cost of living.
I hope to be able to achieve the same thing one day but there's a low chance of that happening. I don't think I'll have enough opportunities to do something like that.

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Quote from: Peashooter on June 02, 2017, 11:39:02 AM

Quote from: Cast12 on September 23, 2016, 09:42:35 PM

I do think that bitcoin is sound money since even though the value either increases or decreases due to supply and demand(like gold). I do like the fact that bitcoin can be transferred faster than gold(depending on where you and the buyer lives). I don't like the fact that sending bitcoins has a fee but I suppose that there is no way around that. I wonder what will happen when the maximum amount of bitcoin has been mined.

I think bitcoin is a kind of electronic or digital money in online market. Bitcoin doesn’t have exact value in market and its price is always changing due to supply and demand the online market. You can use bitcoin in any kind transaction in online like paying bills and many more so I think the bitcoin is money.

yes you are right bitcoin is sound money we can buy any thing in online market and can do online transaction. every one can exchange bitcoin with there country currency easily. they having there owen value like other currency. and there value change in market with demand and supply.

jak3

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Honestly I don't care about the mainstream any more, I am using Bitcoin from 2011 or maybe 2010 and I am fully using it for my survival in the Internet I think that was the biggest step for me. I don't need any proof to get on this system I just know how it works and I believe in the system. I am proud that I use bitcoin and we are so good that we are here as a community. this community has lot of geniuses.

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