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Author Topic: Is Bitcoin Sound Money?  (Read 28122 times)
Sand King
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March 15, 2018, 11:29:48 PM
 #1021

i make bitcoin as money because when i make some amount of bitcoin then i know i will be make money too, because bitcoin is long term investment, i still hold my bitcoin until i decide how much of price i want to sell my bitcoin.

bitcoin is not gold, and gold is not bitcoin. bitcoin have its ways and the gold too. so don't debate about bitcoin and gold because we can not see that its not the same even as currency. better we are thinking about how we can make more money with bitcoin and gold and how much we can make it.

I agree with this, for me, yes. Bitcoin is money. But bitcoin isn't just money i think. Bitcoin is money because when you invest here, it can double or even triple up your money, it is the easiest way to get a money that i know.

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March 15, 2018, 11:38:56 PM
 #1022

For me, Bitcoins can be called as money only if every people use bitcoin as payments process. Because, if you have bitcoin there is so many ways to use when you converted into fiat money. Especially for your financial needs. Bitcoin is more than a money, it is fully open-source and decentralized.
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March 15, 2018, 11:59:02 PM
 #1023

For me bitcoin is indeed a money in a sense of digital money. It uses the difference in Bitcoin to earn a certain profit and convert it into legal tender. This is the most common form now. Bitcoin is a currency that is not controlled by the government and this will help to increase the value of bitcoin.
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March 16, 2018, 04:07:01 AM
 #1024

Yes, Bitcoin for me is the extra income I get from the internet, from bitcoin sales, I can earn money. Because of friends, I have extra income. At first I did not know anything, because my friend told me and wanted to share with me. I finally learned about bitcoin, can get results until now.
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March 19, 2018, 10:28:19 AM
 #1025

Bitcoin is sound money to me. I can get it out when I want and can use it anytime I wish which is what I believe to be sound money. Money you can get and spend whenever I desire.
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March 19, 2018, 10:45:55 AM
 #1026

Bitcoin has proven to be sound as gold/fiat currencies if not more sound. It is faster to move arround, it is backing more than 600 other cryptocurrencies, Its value has increase over the years at an exponential rate and only downside with Bitcoin is that it is deflatory


Yes, bitcoin itself is a cryptocurrency. This aims to be an equal amount and use of money. Bitcoi. is also an investment where we could really earn money. Whem used properly amd if bitcoin will have its place as leading crypto this could indeed be really profitable.

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March 19, 2018, 10:47:12 AM
 #1027

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

Before we compare the gold in the bitcoin, The gold is depends on how it is or why it is expensive the price of different gold is not the same so dont compare the gold to bitcoin. They are simmilarities the gold is become more expensive by the date and also bitcoin increase the value when have a longer of time because of so many users of bitcoin in this era. Don't compare things by another things because they are never do the same.
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March 19, 2018, 11:45:58 AM
 #1028

how can air be equated to gold? I think it's all a pyramid but it is not known when it will collapse
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March 19, 2018, 11:50:23 AM
 #1029

Gold on the other hand is a physical commodity that has the desired properties and usage that goes beyond its appearance. Even without the dollar value, it remains worthwhile. In fact we are talking both as investment, bitcoin still has room to grow and expand while gold can not grow much more. And of course we know which is better if we talk about it as a currency
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March 19, 2018, 11:53:40 AM
 #1030

Yes bitcoin is a money, it is digital money. Though is not controlled by the government but we can consider it as a money. Nowadays many people are making transactions online, so, it is useful to everyone who has bitcoin.
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March 21, 2018, 04:17:10 AM
 #1031

To me yes it is. The first reason is gold has seen its good times now it is time and era of new generation who is looking towards the future of world. The gold is not that important as the technology is. This is era of robotics and start of new world with more importance to binary language than the old time beer and horse rides. Bitcoin would be medium to pay everyone in near future and there will be one country on the earth to unit and follow it. That is big dream but it sounds real future.
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March 21, 2018, 04:58:43 AM
 #1032

yes of course bitcoin can be said money because by using money you can buy anything you want and also apply in bitcoin, by having bitcoin you can buy anything you want, bitcoin is digital currency.

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March 23, 2018, 09:15:48 AM
 #1033

We should not compare bitcoin with money its just a currencies for us. All i do with bitcoin is investing, holding and waiting for its increasing price. Where i use money to buy things, bitcoins can be called as money only if every people use bitcoin as payments process, But most of them trying to get trading and profits out of bitcoins . Its just a currency which has no fix value. Its same as gold people invest it and expect to increase price and then sell it.

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March 23, 2018, 03:26:27 PM
 #1034

gold is the precious metal used in jewelry production and exchange purchases in cash or in kind, and one can not determine the volume as well as its true value. Meanwhile, bitcoin offers the convenience of purchasing, exchanging a quick and convenient in the management of assets, investors can control the value and know the total supply of it. This shows that they can figure out a picture overview of profits they will get in the future.
Ahimoth
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March 24, 2018, 06:19:09 PM
 #1035

For me bitcoin is a cryptocurrency so i think bitcoin sounds money becuase if you have a lot of bitcoin you can convert it into a real money and you can use this to pay your bills and debts and or if you want to buy stuffs you can youse bitcoin so bitcoin is a money.

Yes it is. It may not be tangible like fiat currency, but it also has a value. You can use it to pay transactions, buy things. You can encash it. You can earn through it. You can invest on it. So, definitely we could say that, yes, bitcoin is sound money. And many have really benefited financially from it.


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jhamz03
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March 24, 2018, 06:22:42 PM
 #1036

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
Bitcoin is the most valuable of all cryptocurrency, and whenever i acquired bitcoin i can convert it into fiat whenever i need money. So Yes for me bitcoin sound money to me. Bitcoin is obviously a digital currency and more likely it is a money just like credit cards. Most of the people are investing or hoarding a huge amount of any cryptocurrency they are interested in order to earn more profit in the future for holding it for a very long time.

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March 25, 2018, 07:28:02 AM
 #1037

Do not think why people taking it as money. Bitcoin is going to be assets.
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March 25, 2018, 07:30:14 AM
 #1038

It doesn't sound money to me when I heard it, it sounds like a business and investment. We all do know that business makes money or even investment but there will be risk so it's not easy. It's like a challenge but it is the greatest business or investment I joined.
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March 25, 2018, 07:33:26 AM
 #1039

Are not all digital moneys human-made things?
I do not think human-produced things will be as valuable as precious metals.
The purpose here is to make money.
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March 25, 2018, 08:24:36 AM
 #1040

I think so, however it is a digital money or currency. Bitcoin has been offered all around the world and I see this as a good opportunity to see that iin the near future this will be the new money of the next generation

I would argue if you get a lot of bitcoin, it can be converted into real money to buy your needs. And I'm still a beginner but for me bitcoin is money because money can buy just about anything
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