Topic: Is Bitcoin Sound Money? - page 9. (Read 28558 times)
Each of Gold and Bitcoin has their advantages and disadvantages even up till today. In as much as bitcoin is more flexible and easy to use, it also has that value as a means of payment. However, bitcoin is highly sensitive to news which could lead to one losing thousands of dollars.
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
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 is an investment, a stock and yes, it makes good money but for me the definition of sound is stable and that is an adjective that is very hard to identify with Bitcoin due to its volatility. However, I can honestly say that if you are a good trader or even working very hard on how you trade and buy and sell your stockes then I think that bitcoin is good money for you and me and for everyone else
For me bitcoin is not a sound of money. Its real a money for me literally. Bitcoin for me is a kind of business. When say business its talk about income or earning money.
You are definitely right about that. But before it became a literal or real money, it process into an exchange and transfer it into a real money.
Bitcoin is a digital currency or an online currency. it can not be touched, therefore, these bitcoins can be transferred through exchanges and only then translate into real money dollars or rubles
Like gold,bitcoin is used as an investment.It gives more returns than gold.It has been used as a currency in early stages.But now,after its price has increased very high,it is mostly bought as an investment.In the same time,it is also used to buy products mostly online.In future,if transaction fee problem is solved,it would be even used to buy daily need products.
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
Gold known as the noble metals, "noble" because they stand apart, barely reacting with the other elements which is important for criterion of a currency. Gold has been using as a form of currency for a long time but it is not the same for bitcoin, we have been buying bitcoin, what do we have besides that. If we buy gold we have physically the gold itself which makes it strong, but currently we have xxxdigit cyripto numbers when we buy bitcoin. Will this be enough to secure it? 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 would think of it as income, stop income, something that can be redeemed for solutions and merchandise (which is the oldest and most standardized classification). That's the case with bitcoin, which can be used on a variety of platforms, but is not widely used, but still qualifies as money.
For me bitcoin is not a sound of money. Its real a money for me literally. Bitcoin for me is a kind of business. When say business its talk about income or earning money.
It's way more volatile than our western world money. But it has the same functions if not even better.
The only problem we don't use it on a global scale is the issue of trust due to misinformation, the juvenile character of the asset/currency and the big boys (banks) who don't want that...
Search for "Bill Gates on Bitcoin" in Youtube!!!!
https://www.youtube.com/watch?v=dh0J1kmb6KY
The only problem we don't use it on a global scale is the issue of trust due to misinformation, the juvenile character of the asset/currency and the big boys (banks) who don't want that...
Search for "Bill Gates on Bitcoin" in Youtube!!!!
https://www.youtube.com/watch?v=dh0J1kmb6KY
Bitcoin sounds money, it can be used in exchange for goods and service, it is tenable in the market, there is nothing money does that bitcoin can not do,
it none or less money
it none or less money
In todays date bitcoin is sound money
Bitcoin is a digital currency which can be converted to the currency belonging to your country
Even a few countries have started accepting bitcoins now along with some shops
The price of bitcoins keeps on increasing which makes it a sound investment too
No doubt of that bitcoin now is money, we can use now and do transaction via bitcoin. We do converted it in our country currency whenever we want. Bitcoin is a digital currency that can be used in many transactions such as paying bills, buying loads etc. In times now some countries allow bitcoin to be used in transactions and accepted by some establishment. And by its value that continuously increasing, no doubt bitcoin is a true money and a good opportunity for investment. Bitcoin is a digital currency which can be converted to the currency belonging to your country
Even a few countries have started accepting bitcoins now along with some shops
The price of bitcoins keeps on increasing which makes it a sound investment too
Trading Bitcoin isn't sound because it is risky being the volatile coin that it is. However, taking risks have perks since gains are of equal possibility.
Yes, Because this days when you hear of Bitcoin immediately you will think of money. Bitcoin is a other way of earning from your investment or trading some of it. Bitcoin can be converted to other currencies that is available to your country. So wherever you are, you can hear and access Bitcoin.
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
Yes BTC is a sound money in present scenario 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 guess it is much better and even more reliable than any other old investment. The inflating valuation of bitcoin has amused millions of people by leaving behind all its competitors. Earlier people use to invest into gold or silver but now conditions are changed and now BTC is capable of providing you such a huge profit than any other investment can provide and moreover few countries also started accepting BTC. So it is a wise choice to invest into BTC.
In todays date bitcoin is sound money
Bitcoin is a digital currency which can be converted to the currency belonging to your country
Even a few countries have started accepting bitcoins now along with some shops
The price of bitcoins keeps on increasing which makes it a sound investment too
Bitcoin is a digital currency which can be converted to the currency belonging to your country
Even a few countries have started accepting bitcoins now along with some shops
The price of bitcoins keeps on increasing which makes it a sound investment too
Really, I think bitcoin sounds money because any money function can be done with bitcoin even I think is better than money, a lot of rules and limitations of money use, but the use of bitcoin is a remarkable thing.
it's really better than money and it's a pity that many don't understand this...bitcoin is better called an equity, because it increases your money when you invest in it
In my opinion btc is money, why?
When you can buy everything what you need with it yes sounds like money
When you can buy everything what you need with it yes sounds like money
to my mind, bitcoin is gold in internet because bitcoin obtainable by mining and not be printed like fiat money
Yes, most of investor in bitcoin are looking for the profits , so it sounds money when you're talking about bitcoins with them.
Really, I think bitcoin sounds money because any money function can be done with bitcoin even I think is better than money, a lot of rules and limitations of money use, but the use of bitcoin is a remarkable thing.
it's really better than money and it's a pity that many don't understand this...bitcoin is better called an equity, because it increases your money when you invest in itJump to: