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Author Topic: Is Bitcoin Sound Money?  (Read 28011 times)
tbterryboy
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September 20, 2017, 01:23:18 PM
 #621

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.

actually you get it i dont know too but they are still comparing it gold cannot be bitcoin anymore so why they believe that bitcoin is better than gold?
Actually it is mate, if you analyze what is the current news about bitcoin vs gold you would've realized it already. I mean just months ago the only thing that makes Bitcoin better than gold is its availability since you still need to mine gold (literally) in order for you to get it, not only that you also need to process it before you really get your hands on 'the gold'. Whilst in Bitcoin its availability is easy, its just right around the corner. But now it is not just its availability but also its value that have its advantage over gold.
Bitcoin beats gold in two aspects for sure. First, BTCs can return huge profits in short time. Second, quick, cheap large transactions can be made to any part of the world without interference of government or banks. As you have already mentioned the availability point, I can confirm it only.



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September 20, 2017, 01:34:39 PM
 #622

Bitcoin is more than a money. Because, bitcoin can be used to make money as well as a more profitable future savings than investing in mutual funds. From bitcoin i can meet cost of living as well buy goods i need.

                                       
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September 20, 2017, 02:13:07 PM
 #623

Obviously bitcoin is money. According to my understanding, anything that can be used as an exchange is money and bitcoins are doing right now. People can even make money. Just take a sheet of paper and a nice logo on it. If your people accept it as a means of payment then that is money. And all of you will bear with me that people accept paid bitcoins on the internet so this means it is money.
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September 20, 2017, 02:17:17 PM
Merited by tamarindbleu (2)
 #624

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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Yeah.. . Actually bitcoin is increasing as time past by..  Because of that many people are willing to supports and help in the future in bitcoin in order for them to achieve their basic need with the help of bitcoin.  Also bitcoin makes a lots of money as many people receive it.

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September 20, 2017, 02:43:17 PM
 #625

Bitcoin is more than a money. Because, bitcoin can be used to make money as well as a more profitable future savings than investing in mutual funds. From bitcoin i can meet cost of living as well buy goods i need.
I agree with you bitcoin not just sound as money but can be a money to us because we can change it to real money and used it in every aspect. Anytime and anywhere.

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September 20, 2017, 02:54:55 PM
 #626

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 bitcoin really sounds money. Because bitvoin can able us to give so much money With bitvoun using the ess of your time and the less of your effort you are able to get so much money amd earn so much money .This sounds great.

i think  bitcoin still bitcoin, cant replace money
bitcoin just like we work online and get money, and bitcoin that create money

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September 20, 2017, 03:24:06 PM
 #627

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
I'll just give my opinion. For me bitcoin is just like or it sounds like money, why ? Because bitcoin and koney have the same purpose. Its used ro buy things . but in comparing bitcoin used only in online or in internet only few things that can buy bitcoin. And in money, its same it can buy everything not only inghe internet all things in world can buy money and also. Maybe or i think money can buy bitcoin and bitcoin can buy money. So for me. Its same.



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hangar18
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September 20, 2017, 03:27:40 PM
 #628

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 bitcoin really sounds money. Because bitvoin can able us to give so much money With bitvoun using the ess of your time and the less of your effort you are able to get so much money amd earn so much money .This sounds great.

i think  bitcoin still bitcoin, cant replace money
bitcoin just like we work online and get money, and bitcoin that create money
Bitcoin is a cryptocurrency and this is new definition about currency on the world. Most of the people think Bitcoin as a digital cash, but that mean does not right with the definition of Satoshi Nakamoto. I hope in short future, Bitcoin can create a revolution and changes the opinion of all people.



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September 20, 2017, 03:59:38 PM
 #629

in my opinion has not been recognized because bitcoin form is still in real form, and the price is still not fixed and not stable, so there are still many who are afraid to make an investment. different from gold assets that can be saved or invested because every year the price continues to improve.
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September 22, 2017, 03:59:51 PM
 #630

Bitcoin is a cryptocurrency and this is new definition about currency on the world. Most of the people think Bitcoin as a digital cash, but that mean does not right with the definition of Satoshi Nakamoto. I hope in short future, Bitcoin can create a revolution and changes the opinion of all people.
For me bitcoin is more than money, because I can spend it all over the world and can convert them into my fiat currency and can hold them in my blockchain wallet for the purpose to earn more and more money with the passage of time. So fiat money can only be spend directly in your local markets and not throughout the world, besides bitcoin can be used all over the world without any exchanging and can earn while trading in it.

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September 23, 2017, 07:51:26 AM
 #631

I think bitcoin sound money because every bitcoin has a corresponding value in money and the advantage with bitcoin is that its value keeps going up and up.
You can make bitcoin as one of your investments because you could earn more money from it especially if the bitcoin value will continue to rise up.
You could also get bitcoin without even buying some and that is in the form of signature campaign. You will be paid by bitcoin weekly by just posting in this forum.
See you could earn money in the form of bit coin without even investing any money out of you pocket.
yes it is money because we can use it in our everyday needs, and especially it can be our source of income in our everyday use. other may said that this is not true but the thing is, we can have money and we can be rich by using this and by only hardworking with this one, in that case we will be happy for using this, every one is happy using this one thats why we need to be hardwork because this is money.
Definitely bitcoin is a sound money because we are looking very poor people are becoming rich by earning bit coins as their living standard is improving day by day, they have shifted their kids to high standard schools as well now they are availing high class treatment in modern hospital so shows very clear that it is only bit coin which is money and which is changing their lives in a real sense.



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September 24, 2017, 03:08:20 AM
 #632

bitcoin have many function. and yes right bitcoin can be money, and other bitcoin is thing can sell.
so bitcoin is usefull thing.


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September 24, 2017, 03:13:53 AM
 #633

I think that bitcoin is a good currency ,,, because bitcoin has a charm that can make people wonder ,, look how !! bitcoin from year to year continue to increase ,, i first recognize bitcoin year 2014/2015 with value bitcoin 20 million and now Huh certainly more than that ,,,

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September 24, 2017, 03:25:13 AM
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 It might be new for others but for those who are even just 1 year using bitcoin they can say that bitcoin surely has the future and it does really sounds as money.I think soon it will also be able to use bitcoin even in our local shops for shopping anything we needs and wants.

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September 24, 2017, 03:32:56 AM
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It might be new for others but for those who are even just 1 year using bitcoin they can say that bitcoin surely has the future and it does really sounds as money.I think soon it will also be able to use bitcoin even in our local shops for shopping anything we needs and wants.

maybe the target will soon be achieved in the period long enough, maybe a few more years.
and it can be realized when a country has legalized bitcoin or already consider bitcoin is a real digital currency

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September 24, 2017, 04:54:58 AM
 #636

Bitcoin is a cryptocurrency and this is new definition about currency on the world. Most of the people think Bitcoin as a digital cash, but that mean does not right with the definition of Satoshi Nakamoto. I hope in short future, Bitcoin can create a revolution and changes the opinion of all people.
For me bitcoin is more than money, because I can spend it all over the world and can convert them into my fiat currency and can hold them in my blockchain wallet for the purpose to earn more and more money with the passage of time. So fiat money can only be spend directly in your local markets and not throughout the world, besides bitcoin can be used all over the world without any exchanging and can earn while trading in it.
Of course, that is the limit when you using FIAT on worldwide, although Dollar very common, but in some countries still do not accept it to be using daily, my country also do not use it. Therefore, with the function of Bitcoin, it can be become an international currency and better than FIAT many much.


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September 24, 2017, 04:57:39 AM
 #637

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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Bitcoin is crytocurrency so ofcourse if you convert it into your local place this is money . and bitcoin is momey becuase many peopleare use this to buy stuffs and to pay anything like debts.

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September 24, 2017, 05:06:31 AM
 #638

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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I can use the bitcoin to support my financial needs then i  say yes it not just a sound money but it is a money. If we consider bitcoin is part of our wealth then it is a money. If the bitcoin has no value since the beggining then we cannot use it to purchace anything right now because it will not exist for how many years like the local money.

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September 24, 2017, 05:33:36 AM
 #639

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
Yeah,  that's right,  bitcoin really sounds money for many people because of its outcomes. It makes many people to become very easy in life and they are earning with money in an easy and fastest way.

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September 24, 2017, 05:39:53 AM
 #640

Yes, bitcoin is really another type of currency, decentralized, digital currency. Bitcoin sound money because when you earn it could possibly be converted into a real money depends on what country you are living. Bitcoin could also be used by buying some stuff because there are online shopping accepts bitcoin.






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