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Author Topic: Is Bitcoin Sound Money?  (Read 28031 times)
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July 20, 2017, 12:29:49 PM
 #461

Yes bitcoin sound money because I can use it to buy things online and pay my bills also. And also you can gain profit out of bitcoin if you will hold it for many years, but bitcoin is also a technology and we are lucky that we are able to use it.

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July 20, 2017, 04:04:49 PM
 #462

Yes bitcoin sound money because I can use it to buy things online and pay my bills also. And also you can gain profit out of bitcoin if you will hold it for many years, but bitcoin is also a technology and we are lucky that we are able to use it.
I will say anything I use to pay all money. Bitcoin sounds money because I can use it pay some bills and some stuff online. I can also change Bitcoin into cash in the local exchange in my country (It like an ATM). For those who idle or unemployed, you guys can use Bitcoin to gain some money.

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July 20, 2017, 10:07:01 PM
 #463

i am agree that bitcoin is sound like money as a matter of fact, we can really make money from bitcoin itself and no matter who you are, where you live, bitcoin can help you to make money. but unfortunately, many peoples don't believe with bitcoin and they are don't care about bitcoin, the worst is they are consider that bitcoin can scam them.
This is where Digital Divide comes in my friend, it resides to people who are computer literate and those who're not.

As matter of fact, as of now, Bitcoin is really like money (setting aside the 'decentralization'), we earn Bitcoin and eventually convert it into fiat.

These people who doesn't believe or to be precised these people who doesn't even know bitcoin are those people that has no interest in 'trend news' online or maybe these people thinks that Bitcoin is some kind of 'networking business'.
In my opinion anything that works for me as an exchange to purchase goods or services is money. I believe that bitcoin has all those characteristics which are required for something considering it money, so I have no problem in calling bitcoin money. It may differs from the traditional money but in the end it is money.
Bitcoins indeed sound money. They are just like doing customary online banking; the difference is simple that banks have physical existence where as bitcoin wallets are all digitized. Both have the same job. Rather storing bitcoins in wallets is far more convenient than storing cash in banks. Bitcoins over the time do increase in value but this is not the case with money deposited in banks.

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July 20, 2017, 11:35:31 PM
 #464

Bitcoin does not sound money, it's exactly the money itself. As long we hold bitcoin, the more of it is attracted my the existed ones. This is a win win situation for us.
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July 21, 2017, 04:21:48 AM
 #465

Bitcoin will turn into precious gold that is derived from the fabric and will be molded into fiat money, bitcoin is also used to pay as it is owned by an individual

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July 21, 2017, 05:23:52 AM
 #466

I don't understand why people keep comparing gold to bitcoin within the context of currency. Gold hasn't been used as currency for over a hundred years. People wear gold and the buy it to keep as an investment (store of value). When was the last time you saw some one buying something with gold coins? The only reason gold coins are made is for investment purposes, it's nostalgic to have it in an actual coin form.

Further gold is a metal. Bitcoin is electronic, not tangible, it's different on so many levels.

Yes ofcourse. It is a money, a digital currency. Both gold and bitcoin has a value but bitcoin is different. It is a new rise of money which can sustain your financial needs.  

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July 21, 2017, 05:49:20 AM
 #467

All people who know bitcoin is know that bitcoin is a money, decentralized currency which there is no physical coin or paper money to see but it can be exchange it into fiat to spend anywhere we want. This currency is not just a money it can help lot of people who really need a money it is gift from us that we can treasure it.
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July 21, 2017, 06:39:53 AM
 #468

Yes! Example for me is in LOCAL use, Because I can easily withdraw my bitcoins earnings in fiat currency thru trusted online wallet also many Filipino's here at Philippines are using BTC online wallet (coins.ph) that's because they trust bitcoin and use bitcoin currency as their secondary money. Even like online banking in BDO, BPI etc, also merchant store like 7- eleven outlets are partnered now in bitcoin thru instant cash-in nationwide, Also here in our country in Withdrawal services there are many trusted partners like M-Lhuiller, Cebuna, palawan express that you can avail, also the best part is you can instantly withdraw bitcoin thru Security Bank without any ATM to use. So that's bitcoin for me today, You can use it anywhere and every time you want.

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July 21, 2017, 07:43:29 AM
 #469

Bitcoin and Gold Let put it this way. I'm a miner, what would i mine gold or bitcoin?
Gold ♤ life risk , environment distraction, limited resource
Bitcoin ♤ none of the above mentions.
Because when debating in a generalization of two. It would be a neck and neck comparison.
Bitcoin is money in a closed door facility. And that make it a ideal money maker for a practical persons.
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July 21, 2017, 07:40:54 PM
 #470

i am agree that bitcoin is sound like money as a matter of fact, we can really make money from bitcoin itself and no matter who you are, where you live, bitcoin can help you to make money. but unfortunately, many peoples don't believe with bitcoin and they are don't care about bitcoin, the worst is they are consider that bitcoin can scam them.
This is where Digital Divide comes in my friend, it resides to people who are computer literate and those who're not.

As matter of fact, as of now, Bitcoin is really like money (setting aside the 'decentralization'), we earn Bitcoin and eventually convert it into fiat.

These people who doesn't believe or to be precised these people who doesn't even know bitcoin are those people that has no interest in 'trend news' online or maybe these people thinks that Bitcoin is some kind of 'networking business'.
In my opinion anything that works for me as an exchange to purchase goods or services is money. I believe that bitcoin has all those characteristics which are required for something considering it money, so I have no problem in calling bitcoin money. It may differs from the traditional money but in the end it is money.
Bitcoins indeed sound money. They are just like doing customary online banking; the difference is simple that banks have physical existence where as bitcoin wallets are all digitized. Both have the same job. Rather storing bitcoins in wallets is far more convenient than storing cash in banks. Bitcoins over the time do increase in value but this is not the case with money deposited in banks.



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July 22, 2017, 06:00:54 PM
 #471

Yes bitcoin sound money because I can use it to buy things online and pay my bills also. And also you can gain profit out of bitcoin if you will hold it for many years, but bitcoin is also a technology and we are lucky that we are able to use it.
Bitcoin is not just only a kind of money. Bitcoin also proves that the blockchain will become a important part of our world in the future. When you look inside bitcoin and the blockchain technology, you will find that there are many awesome things behind, not just money.s

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July 22, 2017, 06:10:10 PM
 #472

Yes bitcoin sound money because I can use it to buy things online and pay my bills also. And also you can gain profit out of bitcoin if you will hold it for many years, but bitcoin is also a technology and we are lucky that we are able to use it.
Bitcoin is not just only a kind of money. Bitcoin also proves that the blockchain will become a important part of our world in the future. When you look inside bitcoin and the blockchain technology, you will find that there are many awesome things behind, not just money.s

Well, bitcoin is not just a kind of money, but it can also be said that bitcoin is one of the best investment tools available on the internet. Now so many are using bitcoin as an investment like that, because even just by saving it, you can make a profit.


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July 22, 2017, 06:27:02 PM
 #473

bitcoin has a value.
and its value has accepted for buying in many online shop and for paying bills also.
So having bitcoin is similar having money in virtual wallet.
Its worth to keep for long time.

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July 22, 2017, 06:37:00 PM
 #474

bitcoin has a value.
and its value has accepted for buying in many online shop and for paying bills also.
So having bitcoin is similar having money in virtual wallet.
Its worth to keep for long time.

For users of crypto currency, bitcoin is money. But if you ask this question to a person who is engaged in investment activity, he will answer that bitcoin is not just money, but also an excellent investment object

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July 23, 2017, 02:19:30 AM
 #475

yes, since bitcoin can be used for exchange of services, also like fiat, bitcoin has a a value that may rise or fall. today bitcoin is used worldwide but most people din't know about bitcoin yet and its value, in time, having a bitcoin might cost a fortune, it is good to have it now as an insvestment.

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July 26, 2017, 03:58:09 AM
 #476

Yes bitcoin sound money because I can use it to buy things online and pay my bills also. And also you can gain profit out of bitcoin if you will hold it for many years, but bitcoin is also a technology and we are lucky that we are able to use it.
Buying items online using Bitcoin makes it just an asset and not a well-developed cryptocurrency at all. Well making profit out of it is another story.

Holding it for many years was a good decision for those people who have already making profits out of it in the past years. But for now, maybe its not a good time because the Bitcoin price is already is its peak value and making transactions more often is more profitable.


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gribble
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July 26, 2017, 04:04:15 AM
 #477

No, i don't think bitcoins is sound the money, bitcoins is more suitable for be considered as digital gold, digital asset than money
because there are fees must be paid when sending bitcoins and it is not good for small amount of transaction at least for right now
but if the activation of segwit be succesfull, there are chance bitcoins be a new money in the world.


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KingdomHearts
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July 26, 2017, 03:00:15 PM
 #478

Bitcoin already earned good name in the market & it has good potential to grow in the future it will be accepted world wide in near future. Yes it sounds good money for me.
Bitcoins are sound money, indeed. I have same opinion. In the past few years, the way it has grown and attracted masses, it won’t be an exaggeration to consider bitcoins the future currency of digital world.
So many people have made their dreams come true by trading with bitcoins. It’s very easy to earn from bitcoins and I guess this is the reason; people are highly attracted towards bitcoins.

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DuaLipa
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July 26, 2017, 03:28:43 PM
 #479

Bitcoin already earned good name in the market & it has good potential to grow in the future it will be accepted world wide in near future. Yes it sounds good money for me.
Bitcoins are sound money, indeed. I have same opinion. In the past few years, the way it has grown and attracted masses, it won’t be an exaggeration to consider bitcoins the future currency of digital world.
So many people have made their dreams come true by trading with bitcoins. It’s very easy to earn from bitcoins and I guess this is the reason; people are highly attracted towards bitcoins.

Bitcoin is scary since the july 2017 and it doesn't sound directly money anymore. I'm still investing in bitcoin but fear from it too. I think I will take a serious decission after august and decide if I will stay in bitcoin or not.
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July 26, 2017, 04:18:55 PM
 #480

Bitcoin already earned good name in the market & it has good potential to grow in the future it will be accepted world wide in near future. Yes it sounds good money for me.
Bitcoins are sound money, indeed. I have same opinion. In the past few years, the way it has grown and attracted masses, it won’t be an exaggeration to consider bitcoins the future currency of digital world.
So many people have made their dreams come true by trading with bitcoins. It’s very easy to earn from bitcoins and I guess this is the reason; people are highly attracted towards bitcoins.

Bitcoin is scary since the july 2017 and it doesn't sound directly money anymore. I'm still investing in bitcoin but fear from it too. I think I will take a serious decission after august and decide if I will stay in bitcoin or not.

directly money? what do you mean by that? whatever happens bitcoin is still a money. and honestly guys the moment you enter this crypto world, you should have known that

this is not stable-- no guarantees. with all these forks and things related, i undestand that you have this fear thing but as for me i'm confident with my decisions, with or without

hard fork i will see this through the end because this is what i believe--its potentials although i think that the future of bitcoin is still in the hands of its community. I know i say

this everytime but i'll say it again, don't be a weak hand. others did in the past but where are they now?

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