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Author Topic: Is Bitcoin Sound Money?  (Read 28106 times)
marites
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March 10, 2018, 01:33:51 PM
 #1001

We all know bitcoin is almost a money.
So if you discuss bitcoin about someone who know very well about bitcoin.For sure they will interested it on the spot.
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March 10, 2018, 01:44:26 PM
 #1002

Brokers are stating that Btc can't be dealt with as a sound money on account of its exceptionally unstable esteem. This the essential motivation behind why individuals are deciding to swarm and hodl Btc as opposed to spending them. Be that as it may, there are likewise individuals who are spending their Btc. I am likewise spending some from time to time yet exceptionally negligible sum.
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March 10, 2018, 01:51:49 PM
 #1003

YES It 's a sound money, the global acceptance is growing. BTC as a digital currency is inevitable,
and most likely, will replace the gold as base capital of the central bank.

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March 10, 2018, 01:52:11 PM
 #1004

it is sound to many merchants, like a currency of a small island.

Enjoy your life, one day at a time. Bitcoin Address: 1HrWs3tDzWr13zocV3qP9ENRLgiDuewtsu
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March 11, 2018, 09:38:24 AM
 #1005

Yes because there is a word " coin" which represents money also;  through this many people can easily define the bitcoin as a currency that can be used in all means of commercial trasactions.

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March 15, 2018, 05:07:52 PM
 #1006

Yes because it is really a money. From the word "bitcoin" the word "coin" is already stands for money.
For me, Mr. Satoshi Nakamoto named bitcoin perfectly because it can easily connect it from the currency. Eventhough you are still newbie, you can easily recognize it.

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Tias Indriani
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March 15, 2018, 07:41:53 PM
 #1007

Totally, bitcoin sounds like money to me.It's more than a cash. It have an extensive variety of ways to deal with use it and more invaluable to use than paper money. I essentially appreciate the whole thing about bitcoin. Regardless of the way that it's not unmistakable at everything with the exception of rather I genuinely find it extremely amazing. Notwithstanding whether I can hold or considered it, to be long as I can use it to buy, pay bills, trade and contribute that will favor of me.
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March 15, 2018, 08:49:33 PM
 #1008

Bitcoin is still in the early stages And in futures we would see Bitcoin replace Fiat and payment processing system. Currently Bitcoin has been serving as a store of values and mode of payment it just that it has not been regulate by any governmental agencies. Bitcoin is a good money and is a good financial system and I do believe that Bitcoin is the future of money.
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March 15, 2018, 08:53:22 PM
 #1009

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?



No, it is a massive ponzi scheme at the moment. Because it is not working as a currency nor it is better than gold. Cryptocurrencies... who knows, Bitcoin, definitively not.

https://www.cringely.com/2018/01/24/prediction-4-bitcoin-crashes-booms-crashes-booms-2018-traders-figure-not-currency/

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March 15, 2018, 08:58:27 PM
 #1010

Bitcoin and Gold are two different topics. Gold can never be supplemented by Bitcoin. Because Bitcoin is popular on worldwide as a currency.
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March 15, 2018, 09:04:16 PM
 #1011

indeed, the word itself "bitcoin" is probably money or wealth, and it already embeded in to our minds, it can also be use almost all transactions through internet from paying bills to purchasing something over the internet all over the globe.
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March 15, 2018, 09:18:12 PM
 #1012

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?

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The main factor that bitcoin in still this validity of investment is the price value of itself,this is the reason why bitcoin is a huge impact to us people ,and its helps also promoting the economic growth of responsibility.actually this is the mainstream why bitcoin is the newest technology in the form of digital currency can be competent to gold in terms of price value,therefore we should consider this,bitcoin as a money because of its usefulness  and importancy in any kind of transaction,like billing or other important matters.

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March 15, 2018, 09:19:35 PM
 #1013

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?


The main factor that bitcoin in still this validity of investment is the price value of itself,this is the reason why bitcoin is a huge impact to us people ,and bitcoin also promoting the economic growth of responsibility.actually this is the mainstream why bitcoin is the newest technology in the form of digital currency can be competent to gold in terms of price value,therefore we should consider this,bitcoin as a money because of its usefulness in any kind of transaction,like billing or other important matters.

NO. Bubblecoin is just a self-full-filled prophecy. It is also fiat, backed by trust only.
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March 15, 2018, 10:23:00 PM
 #1014

I do not see any special reasons and the need to compare gold and bitcoin, as gold is only an investment, and bitcoin is conceived as a new kind of currency.

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March 15, 2018, 10:29:02 PM
 #1015

And yet, I prefer to keep my money in bitcoin, since only it allows me to earn. In gold, I can just keep my money safe.

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March 15, 2018, 10:34:18 PM
 #1016

Yup it's sound money to me from the word bitcoin.
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March 15, 2018, 10:36:05 PM
 #1017

We can still invest in gold and keep our money in it alone, or distribute our capital to bitcoin and gold. We still have a choice.

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March 15, 2018, 10:50:59 PM
 #1018

Bitcoin is a currency that becomes more popular every day. It is accepted when paying for services on the Internet. Bitcoin can be sold in a bank and receive instead of it any currency of the world.

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March 15, 2018, 11:20:43 PM
 #1019

It's just a means of exchange. No more and no less.

It increases in value (generally speaking) because there is finite number of them.

Money as in fiat currency is infinite, it can always be made if more is needed.

You need to remember than the main advancement in all this is the block chain technology upon which BTC operates.

BTC isn't block chain, it operates on it. It's sound as any means of exchange. However, the problems it faces is global integration and acceptance.

There's always friction when a new idea than is revolutionary is introduced. Even something as remedial as microwaves had it problems in the early days.

It was tainted as some cancer causing machine. The companies that produced ovens didn't like the idea. Why? Because it stood to change the way a kitchen operates and would most likely outsell the number of conventional ovens sold each year.

But how many people have a microwave now?

It was accepted and became mainstream to the point you will struggle to find someone that doesn't own one now.

I believe this will eventually be the case with BTC and other cryptocurrencies.

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March 15, 2018, 11:27:36 PM
 #1020

My opinion, bitcoin factors into investment instruments is bitcoin have limited supply. Limited bitcoin supply pushes price rises if demand rises. Gold is extremely inflexible to save and to keep it and bitcoin have security factor

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