Topic: Is Bitcoin Sound Money? - page 51. (Read 28561 times)
I do believe bitcoin has already showed its money, just because isnt printed we cant call it money? Bitcoin its the future, as in the future all will be made digital and money will stop being impressed, all digital, soo we are in the future being part of bitcoin.
Absolutely, Bitcoin is money indeed because its real currency which we can deal and make our trades using it just like fiat and the other currencies, and even i found it better than fiat and altcoins
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.
LOVE IS MONEY
Bitcoin really is a wonderful money. I am conducting a search in different countries of Europe where I have friends studying university there like UK, Germany, France ,Austria and Italy and I have asked all of them how popular is bitcoin among students in university.
The answer was a disappointing one and was the same from both these countries regarding students there,"NOT SO POPULAR". So bitcoin is a sound money but not within the reach of many people unfortunately.
It can be converted into cash. It can be used to buy digital goods, to buy physical goods, to pay for subscriptions online. So yeah it can be used pretty much for anything. In this context is really a sound money.
The answer was a disappointing one and was the same from both these countries regarding students there,"NOT SO POPULAR". So bitcoin is a sound money but not within the reach of many people unfortunately.
It can be converted into cash. It can be used to buy digital goods, to buy physical goods, to pay for subscriptions online. So yeah it can be used pretty much for anything. In this context is really a sound money.
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.
I don't think if bitcoin is very popular in online business. Then if it is used in some businesses then that's great. But in my opinion, bitcoin is money, why?Because using bitcoin you can buy and sell for it, trading to have more profit and even in investments 
. 
Bitcoin is digital currency not asset as people actively using it for different things to perform just like fiat. Bitcoin is not asset where you invest and keep that in holding like gold. Bitcoin is exchanged with fiat and remittance market is almost occupied by Bitcoin and gambling industry where Bitcoin is used as alternative form of money.
Exactly, not a lot of people see it as an asset like gold or something where you invest and keep it to grow and then sell it but you cannot do anything else with that, but with bitcoin you can do anything you can do with ordinary money, so that is just another form of money but nothing else.
Bitcoin can be used as a currency and also an investment and you can also use it for shopping or money transfers which is never possible with gold, its an pure investment with no multiple features unlike bitcoin.
Bitcoin is digital currency not asset as people actively using it for different things to perform just like fiat. Bitcoin is not asset where you invest and keep that in holding like gold. Bitcoin is exchanged with fiat and remittance market is almost occupied by Bitcoin and gambling industry where Bitcoin is used as alternative form of money.
Exactly, not a lot of people see it as an asset like gold or something where you invest and keep it to grow and then sell it but you cannot do anything else with that, but with bitcoin you can do anything you can do with ordinary money, so that is just another form of money but nothing else.
Bitcoin is sound money if... you hire a band with bitcoins. 
Bitcoin is interesting cause its currency, but also can be investment for the future. Nothing is sure, but everyone here agree that bitcoin have potential. That means that one day bitcoin can worth much more then now. While some people wait that rise, other enjoy in spending bitcoins, paying bills with bitcoins, and other things. Bitcoin is one of a kind, and everyone can decide what to do with bitcoins individually.
Gold is gold, people use it to show how rich they are. You can`t cash out gold easily like you can bitcoins, how to spend gold around. Bitcoin is easy to use like any other currency.
Gold is gold, people use it to show how rich they are. You can`t cash out gold easily like you can bitcoins, how to spend gold around. Bitcoin is easy to use like any other currency.
bitcoin is money, indeed, we can use it buy and sell. Trading or hoarding for profit. Some countries admit bitcoin is money.
I do not know why you cannot be invested in both? The Bitcoiner could always have a ratio of 80/20% Bitcoin to gold and the gold bug
could have a 80/20% ratio of gold to Bitcoin. If you love any of these commodities, you would appreciate the strength of both and also
diversify your investment portfolio to accommodate both.
could have a 80/20% ratio of gold to Bitcoin. If you love any of these commodities, you would appreciate the strength of both and also
diversify your investment portfolio to accommodate both.
The big difference between gold and bitcoin is you can't spend gold only convert them to fiat and spend
But bitcoin is accepted as currency by many business so bit coin has an added advantage of spending them directly.
so gold is just investment and bitcoin can be used as investment and as currency like any other fiat currencies.
But bitcoin is accepted as currency by many business so bit coin has an added advantage of spending them directly.
so gold is just investment and bitcoin can be used as investment and as currency like any other fiat currencies.
This is a solid point. Almost no one accepts gold outright for payment, but they do accept bitcoin. It would seem in that regard that bitcoin is more of a pure medium of exchange.
Bitcoin is "digital gold".
In a world where the current demographic is growing up with a smartphone in hand, what will they choose - bitcoin, gold, or fiat?
Comparing bitcoin and gold will just lead you to nothing cause these two have their own negative and positive stuffs. And some bitcoin users is really biased in bitcoin, same as the gold users .
Yes people will invest and use them according to their convenience, people who prefers to take risk will not hesitate in investing in bitcoins and safer players will go with gold.
Comparing bitcoin and gold will just lead you to nothing cause these two have their own negative and positive stuffs. And some bitcoin users is really biased in bitcoin, same as the gold users .
Bitcoin is sound money as you can convert it in real cash in just 10 minutes in an exchange. If you are in Europe for example you can do so from bitpanda.
Bitcoin is sound as you and only you are in charge of it and it has no central authority to make decisions about it. You are your own bank. In this sense bitcoin is the most sound money that exist out there ( in the internet).
Bitcoin is sound as you and only you are in charge of it and it has no central authority to make decisions about it. You are your own bank. In this sense bitcoin is the most sound money that exist out there ( in the internet).
Yes it sounds money from the word itself bit-Coin ,a few Coins / little /micro . But it doesn't mean that bitcoins is all about money .It's also about advance technology which created by Satoshi Nakamoto for its many uses .
Bitcoin and gold as always debate i don't relate it because they have so many differences in terms of uses ,value make etc.
You can buy Gold ,you can buy bitcoins same but the difference is bitcoins is a digital currency as a fiat with exchange ,Gold is a form of precious metal that is use as jewelries and good quality materials.
Bitcoin and gold as always debate i don't relate it because they have so many differences in terms of uses ,value make etc.
You can buy Gold ,you can buy bitcoins same but the difference is bitcoins is a digital currency as a fiat with exchange ,Gold is a form of precious metal that is use as jewelries and good quality materials.
I think bitcoin and gold have their own devotees although some people try to compare bitcoin with gold, but honestly I do not agree with that, of whatever you do with both option it's can make money.
But the fact is we cannot earn gold, we need to buy them by putting our real money into it, but with bitcoins you can also earn it without making any investments and that is the best part about it.
Gold and Bitcoin have so many in common.
1-Both of them have limited supply.
2-Both of them can't be created/printed out of nothing.
3-Both of them can be used as a currency unlike what the others say.
Watch this: https://www.youtube.com/watch?v=bj33bWFODtE
"Bernanke can't print this! It has to be mined!"
Still, You just don't use gold to buy a chocolate. But i am pretty sure you can use them to buy houses, or yachts if you want.
Bitcoin has an advantage over gold in this matter. You can use bitcoins even at satoshi level. (only if your wallet doesn't pay fees)
1-Both of them have limited supply.
2-Both of them can't be created/printed out of nothing.
3-Both of them can be used as a currency unlike what the others say.
Watch this: https://www.youtube.com/watch?v=bj33bWFODtE
"Bernanke can't print this! It has to be mined!"
Still, You just don't use gold to buy a chocolate. But i am pretty sure you can use them to buy houses, or yachts if you want.
Bitcoin has an advantage over gold in this matter. You can use bitcoins even at satoshi level. (only if your wallet doesn't pay fees)
I think bitcoin and gold have their own devotees although some people try to compare bitcoin with gold, but honestly I do not agree with that, of whatever you do with both option it's can make money.
The big difference between gold and bitcoin is you can't spend gold only convert them to fiat and spend
But bitcoin is accepted as currency by many business so bit coin has an added advantage of spending them directly.
so gold is just investment and bitcoin can be used as investment and as currency like any other fiat currencies.
But bitcoin is accepted as currency by many business so bit coin has an added advantage of spending them directly.
so gold is just investment and bitcoin can be used as investment and as currency like any other fiat currencies.
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