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Author Topic: Is Bitcoin Sound Money?  (Read 28007 times)
DaftAjax
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July 27, 2017, 07:50:39 AM
 #481

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

What psychotic opinion is this, if that ever happened then Bitcoin is already done for. The whole idea of bitcoin is 'decentralization' - which means no one is controlling it but can be used freely. Probably that's the more precised idealization of Bitcoin, to have freedom in using it.

But now you had this kind of opinion that, someday soon Bitcoin will have a physical form and take over all of the other Fiats. That is blasphemy, eventually the government will took over it and make it 'centralized'.


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July 27, 2017, 08:52:55 AM
 #482

Bitcoin is a digital currency in the form of metal made of gold. May someday be circulated throughout the world that can be used by the public to transact in any form

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Kingofbitcoin12345
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July 27, 2017, 08:59:28 AM
 #483

Bitcoin is money. It is an oppurtunity from poor to rich to earn money in equal way.
No discrimination, you dont have to have a degree for it. It is bitcoin and i love it.

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July 27, 2017, 11:59:35 AM
 #484

is money. It is an oppurtunity from poor to rich to earn money in equal way.
No discrimination, you dont have to have a degree for it. It is  and i love it.
yes that is right that bitcoin i more than money. because we can use bitcoin for multi purposes.  we can use bitcoin for online buying selling for transaction of money as well as in some places we can even use bitcoin in our local shops for shopping.
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July 30, 2017, 05:18:44 AM
 #485

The time will come, the generation will change and Bitcoin will become the most significant in terms of investments.

This statement is the moment of truth. We all know that there are so many naysayers about bitcoin and blockchain technology. There are an endless speculations and personal visions regarding on this matter, the term cryptocurrencies is a representation to the world about what is the future of the cash of society. We can't prevent this from happening because things and stuffs changes through time and the manifestation of technology in the very core of transactions made blockchain technology to be born. Its just happened that the bitcoin is the closest thing compatible to the information technology and communication technology using electronics. Anti-bitcoins or bitcoiners we all know that the world will come to this and some are closing their eyes in this fact.

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July 30, 2017, 05:25:07 AM
 #486

is money. It is an oppurtunity from poor to rich to earn money in equal way.
No discrimination, you dont have to have a degree for it. It is  and i love it.
yes that is right that bitcoin i more than money. because we can use bitcoin for multi purposes.  we can use bitcoin for online buying selling for transaction of money as well as in some places we can even use bitcoin in our local shops for shopping.
I really agree with that i have a lot of friends here that truly change the way they live because they focus here in forum and earn a lot of money even though they are not finish college and dont have a stable work but now they have a lot of money and buy they needs.

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July 30, 2017, 05:37:59 AM
 #487

It is true that bitcoin and gold today are often discussed everywhere. In a period of 8 years bitcoin has beaten the price of gold as valuable as bitcoin. Bitcoin has become a new trend for investors around the world to find abundant profits. But you have to understand that gold is a real precious metal, while bitcoin is a number.

You can buy gold and sell it 20 years later even for the whole time there are still people who want to buy, but if you buy bitcoin now and save it for 20 years then not necessarily bitcoin is still used. Bitcoin will disappear when it is no longer needed.
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July 30, 2017, 06:03:49 AM
 #488

I think so...
since Bitcoin is using for the purpose of purchasing then you can call it as a money, now a lot of online and other shopping center are accepting Bitcoin as a payment tool. not only that but also Bitcoin has been considered as one of the best saving platforms so it is said that Bitcoin looks alike money.

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July 30, 2017, 06:09:47 AM
 #489

Yes. Does it sound more than that? We are in the digital age and we know that many payments  are made through online. We  have seen banks that made cards that does't need real cash  to pay but instead through electronic payments. This is the perfect of bitcoin to be the main money of the internet world.
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July 30, 2017, 06:05:42 PM
 #490

Bitcoin is a digital currency in the form of metal made of gold. May someday be circulated throughout the world that can be used by the public to transact in any form
Well, it happened already my friend. Bitcoin have already been circulated throughout the world; can be used almost everywhere and the public is already using it. We can make transactions out of it in any form, since it is decentralized. But having a physical form for Bitcoin is quite impossible since it was solely made digitally.


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July 31, 2017, 04:32:38 PM
 #491

It is true that bitcoin and gold today are often discussed everywhere. In a period of 8 years bitcoin has beaten the price of gold as valuable as bitcoin. Bitcoin has become a new trend for investors around the world to find abundant profits. But you have to understand that gold is a real precious metal, while bitcoin is a number.

You can buy gold and sell it 20 years later even for the whole time there are still people who want to buy, but if you buy bitcoin now and save it for 20 years then not necessarily bitcoin is still used. Bitcoin will disappear when it is no longer needed.
But my friend, you also have to consider the possibilities of 'the taking over of digital technology'. And what I mean about this is, having the fact that technology is now progressing exponentially and very dramatically, maybe its time where we can now discover more valuable and real use of gold. I mean having Bitcoin replace gold and makes its value decrease to none (just in price value), we can now develop even more technology using gold. Because as you've said gold is a precious metal so why don't we just extract that 'precious metal' and utilize it to even more valuable form, not just for decorations or signage that you're filthy rich.

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July 31, 2017, 04:55:22 PM
 #492

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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When Bitcoin begins to stabilise, it may become a useful storage facility for value - however, we cant ignore the treasure chest of 'other' features that bitcoin has that makes it more than just money.

Personally, I tend not to believe that Bitcoin and Gold can be adequately compared - since bitcoin has far more capabilities than Gold and can be used in so many different ways.

But - as far as which one is better, it all comes down to the use case.

A person who wishes to go to his local store to purchase 12 eggs and a loaf of bread may find more benefit in using Bitcoin over Gold.

While conversely, there doesn't seem to be any examples of a case where the use of Gold is either a necessity or 'more' beneficial than using any other medium of value storage/transmission...

... except for maybe long-term value storage, I don't see there being too many cases where a person would choose Gold over Bitcoin. But I could be drastically wrong.




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July 31, 2017, 05:04:35 PM
 #493

Bitcoin is money. It is an oppurtunity from poor to rich to earn money in equal way.
No discrimination, you dont have to have a degree for it. It is bitcoin and i love it.
Are you just considering Bitcoin just a money maker? So that you could buy things from it? That is absurd, I don't know why people see Bitcoin that way. Ever since many people begun to have more interest in Bitcoin, they're using it just to make juice out of it. I mean that is a big slap in Bitcoin since it has so much possibilities and potentials. They don't even know the real purpose of Bitcoin.

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July 31, 2017, 05:24:51 PM
 #494

Re: I think so, because bitcoin has exchange rate against currency, so we can exchange in the form of currency in our country that we occupy

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July 31, 2017, 05:38:49 PM
 #495

Yes even we have to say that bitcoin is better than money, many things we can do with bitcoin, especially is investment, because the value of money keeps going down while bitcoin keeps going up.

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July 31, 2017, 06:24:53 PM
 #496

It is purely based on the user involvement, because several people have difference of opinion about bitcoin. Some consider it as an investment, while there are few users who prioritise as a currency. Recent days the importance as money has increased a lot which is based on the increasing adoption happening across several nations.

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July 31, 2017, 07:17:21 PM
 #497

It's too hard to explain how the bitcoin form, you can likens bitcoin like pulse, can not be seen but can be used, that's all
Maybe only some people can know how bitcoin in detail

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July 31, 2017, 09:53:39 PM
 #498

Yes even we have to say that bitcoin is better than money, many things we can do with bitcoin, especially is investment, because the value of money keeps going down while bitcoin keeps going up.
Yeah! Bitcoins are far better than the paper money. They have considerable edge over the fiat currency. I agree with you that the bitcoins have tendency more than paper money to give you profit within short time. The fiat is quite steady and does not show significant increase in the value for many years. The case is opposite with bitcoins.

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August 06, 2017, 07:30:27 AM
 #499

Bitcoin is a digital currency in the form of metal made of gold. May someday be circulated throughout the world that can be used by the public to transact in any form
Nope it will not and I can say that it will never be. Since it is decentralized and its impossible to have a physical form like the coins of Fiat. We now have Digital Technology, we don't need to rely on physical form anymore since it fades away so quickly (that's tangible for you). Whilst Bitcoin is intangible and no need to maintain. And can be used in various things and fields hence it sounds like money.

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August 06, 2017, 07:52:38 AM
 #500

Definitely yes!, it is a worldwide currency, when speaking about currency its about money. Bitcoin is a money but difference between those other national currency, bitcoin is decentralized cryptocurrency which you can use online. Bitcoin is better than money, we can do many things through online and it is very efficient to use. You can have a fast daily transactions and other things with the use of bitcoin. Bitcoin will change the world soon, it has a potential to have a development in our society.  Cool

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