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Author Topic: Is Bitcoin Sound Money?  (Read 28122 times)
sharted
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December 06, 2017, 07:24:00 AM
 #781

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 owners today still must convert their coins back to traditional currency in order to buy certain items, pay bills and purchase things at their favorite shops. However, the tide is shifting and the conversion necessity is falling. As the value of bitcoins increase there will be more value to spread around, and more people willing to spend bitcoins.


Bitcoin is only a sound money now . The value equivalent to bitcoin of dollar is 12000$,one bitcoin is equal to this much dollars.So it's confirm that,bitcoin is greater than dollar.

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December 06, 2017, 07:50:05 AM
 #782

of course bitcoin sound money because its digital currency if you convert it will become money
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December 06, 2017, 07:59:14 AM
 #783

Bitcoin is really a true currency/money. Why? because once you have it you can convert into a real money according to country you belong. And the banks also accepting bitcoin whether you are in different places of the world. In that case it shows how bitcoin is very popular in online business.

it is for me true, it sounds like money because we can use it to oay for our bills and expenditures. we can use it also to.pay for school tuition in our country and send money to our family.once we convered bitcoin to cash it is real.money. so it is really like money for me. easiest to earn money through bitcoin. and now that the equivalent value of bitcoin is so high , people with bitcoin had earned a lot of money.

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December 06, 2017, 08:07:11 AM
 #784

It is money that maintains its purchasing power, so that a dollar can buy a dollar’s worth of crap today, and a dollar can buy the same load of crap in the future because prices did not change.
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December 07, 2017, 06:44:46 AM
 #785

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 owners today still must convert their coins back to traditional currency in order to buy certain items, pay bills and purchase things at their favorite shops. However, the tide is shifting and the conversion necessity is falling. As the value of bitcoins increase there will be more value to spread around, and more people willing to spend bitcoins.
What else you want if you are able to improve your financial status with the help of bitcoin? This is what we all are working for day and night, just to live a life where we are not dependent on others for the fulfillment of our needs.

By the way, I will also like to stay away from this argument whether bitcoin is a sound money or not, what I simply believe is that it is an amazing creation which is helping people a lot financially.


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December 07, 2017, 06:56:40 AM
 #786

In my opinion bitcoin is gold in internet because bitcoin obtainable by mining and not be printed like fiat money, but the bitcoins can be used for payment method is like fiat money. And it is just my opinion every body has it.
Yes, as i have heard bitcoin, i have thought that it's an online job that pays who works on it. It really can be compared to fiat money because it can be used to pay bills and other stuff but it is a virtual money unlike fiat money. The good thing about bitcoin is that it increases with different amount and that you can manage it.

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December 07, 2017, 07:00:56 AM
 #787

bitcoin is a huge amount of money.. another milestones had been reached. 13K USD  and still rising .. those fork and segwits are really amazing  Cheesy
wanna see bitcoin to be 20,000 USD before the year ends

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December 07, 2017, 07:03:42 AM
 #788

I think how bitcoin can be use to purchase commodity and services digitally is an advantage factor versus gold. The use of bitcoin other than trading is increasing and it is going forward on it's mainstream usage. So yes, bitcoin is money.

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December 07, 2017, 07:08:20 AM
 #789

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 does sound a lot of money, people are becoming a millionaire out of thin air. As an investor you shouldn't be afraid of investing some of your money on something.


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December 07, 2017, 07:09:45 AM
 #790

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
For me,Bitcoin is a money/currency. i can use it for buying things, i can convert it to fiat.Bitcoin so far the best currency of this time
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December 07, 2017, 07:40:54 AM
 #791

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 that's right, bitcoin is money in the internet that you can exchange with currency in accordance with your country.
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December 07, 2017, 08:01:50 AM
 #792

Bitcoin sounds money in a sense that you can make transaction using bitcoin as a tool or mode of payment in online world. Some online job offers bitcoin as payment for services rendered. You can also convert it into flat in case you want to use it outside the web. ,
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December 07, 2017, 09:10:47 AM
 #793

In my opinion, yes bitcoin sound money. I’m a student that needs a part-time job, but it is hard to find a job that will fit into your schedule. When I ask my friend how he earns an extra cash, he told me about bitcoin, after that, I’m willing to learn about bitcoin, and now I’m making money because of bitcoin.
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December 07, 2017, 09:25:27 AM
 #794

It does not sound money, it is a real money in a form of virtual money. Though it does not accept as a form of currency which you can buy things or transact to some business but bitcoin can be convert to a real money for you to buy luxuries, food, clothes, gadgets or to even transact to some business. So it really does sound MONEY, a MONEY out of digital world however bitcoin is in the state of not being accepted some countries does not accept bitcoin so in some perception it cannot be called a money in those countries who does not accept bitcoin but for me that bitcoin is legally accepted in my own country, bitcoin sounds money and a genuine money.

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December 07, 2017, 09:30:51 AM
 #795

It sound like a bank for me it is good to deposit your money in bitcoin rather than bank. Bitcoin was the future and fiat currency will defeat by bitcoin.

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December 07, 2017, 09:33:16 AM
 #796

Yes bitcoin is a kind of money that had a great value
Right, Bitcoin has a value and can be use as mode of payment so it's really sounds money. It's is just that, it is a digital currency that you cannot hold; but it can be converted to other types of currency that will allow you to use it worldwide. Thus, it is absolutely a money and somehow better than money that we're using right now.

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December 07, 2017, 09:34:17 AM
 #797

BITCOIN doesnt sounds money ! bitcoin is money ! bitcoin give pleasures to so many people of the world , they invested some amount and look what and where they are now ! what are they having and what they will have more in the near future! bitcoin is REAL money and it may replace FIAT sooner or later ! i wanna see bitcoin reach the milestone of 20,000 USD!

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December 07, 2017, 09:36:15 AM
 #798

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 really money. I have now many money because of the bitcoin. All of my funds are came from the bitcoin. I can say that the bitcoin is the bridge for me to become a millionaire someday.

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December 07, 2017, 09:45:52 AM
 #799

BITCOIN doesnt sounds money ! bitcoin is money ! bitcoin give pleasures to so many people of the world , they invested some amount and look what and where they are now ! what are they having and what they will have more in the near future! bitcoin is REAL money and it may replace FIAT sooner or later ! i wanna see bitcoin reach the milestone of 20,000 USD!
That is true, bitcoin is a money and that is why people are going crazy just to get some bitcoin or earn it because they know that the price of bitcoin will continue to go up in the next few months and years. In the future, bitcoin maybe will be priced by 6 digits us dollars which will become the very big achievement or milestone for bitcoin.

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December 07, 2017, 09:59:47 AM
 #800

BITCOIN doesnt sounds money ! bitcoin is money ! bitcoin give pleasures to so many people of the world , they invested some amount and look what and where they are now ! what are they having and what they will have more in the near future! bitcoin is REAL money and it may replace FIAT sooner or later ! i wanna see bitcoin reach the milestone of 20,000 USD!
That is true, bitcoin is a money and that is why people are going crazy just to get some bitcoin or earn it because they know that the price of bitcoin will continue to go up in the next few months and years. In the future, bitcoin maybe will be priced by 6 digits us dollars which will become the very big achievement or milestone for bitcoin.

Do you have any doubt in that.I am dam sure Bitcoin will replace the DOLLAR and then entire currency System.Bitcoin is became stronger than stronger day to day.Soon the digital currency bitcoin will replace the FIAT.Now the bitcoin crossing many peak,just now it crossed 14,600$.It happening like a imagination.Good luck holders.

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