Topic: Is Bitcoin Sound Money? - page 44. (Read 28562 times)
For me, when I hear bitcoin it sounds money for me. So what is wrong with that? I mean, I understand that people will not look bitcoin as money but what can I expect? I know bitcoin nowadays becomes higher and higher so it is really sounds good for me and Bitcoin for me is also Money for me.
Bitcoin is internally earned money that can be obtained from mining with this can not be printed as fiat money,
But can be disbursed as banknotes as legitimate payments.
Is it sound money? I don’t think so. But others might disagree. I think sound money has to be a currency that is backed up and that is accepted everywhere in exchange for items. I don’t think bitcoin has reached that point yet. But as a way to store wealth it is a great way if you are willing to gamble that it won’t become worthless. Now it is rising though! But can be disbursed as banknotes as legitimate payments.
Each user have different perspective and some prefer it to be a investment as it grows higher and higher periodically. In my view bitcoin as a currency usage is very low, because of the volatile nature which gives two different price for the same product depending on the price variation.
Well in my perspective the bitcoin have a limited value which means it's like a product that undergo the supply and demand law and by that for that will sound money because as long as many buy bitcoin the price of it will go up so for me bitcoin is sound money because of the uniqueness of it.Money sounds, in a weird way, I never heard that. The value of bitcoin is rising rapidly thanks to the market's rule, the high demand of users makes it become rare and preferred. But instead of calling it sound money, we should call it tech money.
Each user have different perspective and some prefer it to be a investment as it grows higher and higher periodically. In my view bitcoin as a currency usage is very low, because of the volatile nature which gives two different price for the same product depending on the price variation.
Well in my perspective the bitcoin have a limited value which means it's like a product that undergo the supply and demand law and by that for that will sound money because as long as many buy bitcoin the price of it will go up so for me bitcoin is sound money because of the uniqueness of it. 
Each user have different perspective and some prefer it to be a investment as it grows higher and higher periodically. In my view bitcoin as a currency usage is very low, because of the volatile nature which gives two different price for the same product depending on the price variation.
Bitcoin sounds money for me because it became my source of income.I did purchased my basic needs from bitcoin.Therefore,bitcoin is very essential to us as money does.
I think bitcoin can not be recognized as cash same dolar, gold, silver... because I can not use bitcoin as easily as dolar
You cannot easily use bitcoin as well as dollar because it is still not recognized as a money by the major countries in the world. If you want to use bitcoin just like a regular money then it is still a long wait because the only country that i knew that they are already treating bitcoin as a money is Japan and i think after this year we can use it on the malls or shops. 
Bitcoin is something new for me because it's only a year since I used it for payment transactions, but if I look at the development and ease of transactions in bitcoin services, I'm optimistic that bitcoin will be parallel to real money because it has the same functionality even though the legality of bitcoin is not legal yet It will not reduce the popularity of bitcoin as a useful digital currency
In digital world, price of one bitcoin has exceeded dollar and the poundsterling, I think it's better like this, bitcoin specialization is only for digital currency. This will give the trademark as king of online currency. I believe bitcoin will have legality, bitcoin is similar to os android, the greater interest users, this technology will not be dammed.
I think bitcoin can not be recognized as cash same dolar, gold, silver... because I can not use bitcoin as easily as dolar
Bitcoin is something new for me because it's only a year since I used it for payment transactions, but if I look at the development and ease of transactions in bitcoin services, I'm optimistic that bitcoin will be parallel to real money because it has the same functionality even though the legality of bitcoin is not legal yet It will not reduce the popularity of bitcoin as a useful digital currency
I heard it like that. Well, i've been using bitcoin since 2014, and at that time i assume that bitcoin is currency in internet. So, until now, I think that bitcoin is money on the internet.
For me bitcoin is already a money that can be trade and exchange. I already used bitcoin to buy load for my mobile device.
It is a real money for me too in virtual world. I did purchase my domains with bitcoin and also in my mobile topup. Also it can be considered an asset too that is exchangeable to real fiat in in country you are in. It is really changing how we transact online and very convenient to use too.
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 agree, bitcoin does not just sound like money but it is money or a way better money. As you said bitcoin does have value and price so it definitely have a value so it is literally a form of money itself. So for me it is a better money because it can do things such as transaction through the web and with the power of the technology that fiat cannot do. It also have a future ahead because its price develop as soon the support of the community continue. 
way back couple years ago when people have less knowledge about cryptocurrency they just ignore bitcoin, but nowadays bitcoin had proven and shows a lot of potential to be consider an asset or investment. Digital asset as we call it.
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.
Nothing like surely bitcoin is money the main reason it is made is because they want to make a currency in short money in technology so they made crytocurrency that is a money unlike a gold surely it has a value but you cant make it as a currency but you can use it to trade for something.But bitcoin is all the best and its better than gold. 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.
Bitcoin in its current state is an asset, its not money in any shape of form. It can be used for a limited amount of purchases sure but all those purchases are based on exchanging into fiat, in other words its still not real money but has the potential to be in the future.
For me bitcoin is already a money that can be trade and exchange. I already used bitcoin to buy load for my mobile device.
Bitcoin is more than just a money it is the best possible way for us to invest our money.
Since the past four years, the average rate of growth of the bitcoin's price has stayed way above 100% percent per annum.
If you don't buy bitcoin while knowing this statistic you are either stupid or don't like to earn money.
everytime I heard bitcoin , money always come to my mind. bitcoin is money for me because it helps my everyday needs, it also provide the foods for my family and it is a good investment for me as always, i have no doubt nor regrets in bitcoin. as time passes by bitcoin price goes up and up and it is even more stronger than before. Since the past four years, the average rate of growth of the bitcoin's price has stayed way above 100% percent per annum.
If you don't buy bitcoin while knowing this statistic you are either stupid or don't like to earn money.
Im not going to a debate but in my own opinion bitcoin really sound money for me from internet not physical one. i can withdraw it via bank i can earn profit from trading, gambling , investment and signature campaign here in forum but if this had a physiscal thing on future why not we called it is a real money.
Bitcoin is NOT sound money. Gold and silver coins, and even the worthless coins of many nations, are sound money. How can you tell? Bounce the coins on a metal tray, and they make nose. Sound money. Bitcoin is kinda quiet.
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