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Author Topic: Is Bitcoin Sound Money?  (Read 28024 times)
bocyaj
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December 07, 2017, 09:59:47 AM
 #801

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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December 07, 2017, 10:23:07 AM
 #802

Bitcoins doesn't sound money because bitcoin is money, bitcoins increase and decrease and that's because of money. Here you can earn money based on your knowledge and the more risky it is the more money you'll get. I have a stable job right now and I do bitcoins at the same time because here my 1 month of income can only earn by just a week. And here anytime you want you can earn, so many people are into it and that's all because of money.

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December 07, 2017, 10:44:58 AM
 #803

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. ,

Bitcoin is money that can be used for online transactions and needed to convert into fiat to be able to accept as payment in small enterprises. Money and Bitcoin has same in use the only difference is that being centralized and decentralized where bitcoin has no fixed value and can increase and decrease anytime.

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December 07, 2017, 11:17:41 AM
 #804

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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Yes, it is. It results a lot of money, the price is increasingly
Godric-Gryffindor
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December 07, 2017, 11:17:52 AM
 #805

Bitcoin really the king of investment now, better that any commodity out there, Gold has no doubt holds intrinsic value more truer than bitcoin but many trader buy bitcoin because of its usability in the internet world and on ground, sounds money yes
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December 07, 2017, 11:20:58 AM
 #806

I'm not going into all that debate and whatnot, all I know is that I can use bitcoin to buy things,
I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.

The thing is that it is very expensive to pay your bills. There was a user in the forum today who complained he payed like 2.5 dollars fees for a transaction and it is still unconfirmed after 23 hours. Look at the number of unconfirmed transactions. It is currently more than 140k.

I am not so sure that bitcoin can be said to be a viable option to pay bills. Have you actually tried to pay bills with bitcoin?
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December 07, 2017, 11:36:51 AM
 #807

Recently Steam stopped accepting bitcoin as a form of payment (because of high fees) what answer the OP's question in the negative way: bitcoin is not sound currency, it is currently only the investment vehicle, and I am afraid it may sink eventualy as well. I have read that even opening Lightning Network will not solve bitcoin's high fees problem, as you have to pay a fee to open and close a lightning tunnel.

So a call to developers: please fix bitcoin and do it soon!
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December 07, 2017, 11:49:43 AM
 #808

obviously many investors are investing money into bitcoin, this is a new breakthrough to get a big advantage especially now that bitcoin prices seem uncontrollable, so many people want to profit from here.
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December 07, 2017, 11:54:49 AM
 #809

Enough said all I can say that it is money for me because what I earn here or in the buying and selling of bitcoin and other alternate coins which sets a good return especially now that price of bitcoin is jumping and jumping with now reaching more than 13,000 USD wouldn't it be a great source of income in which you can cash out as your money.

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December 07, 2017, 12:11:08 PM
 #810

Bitcoin does sounds money because btc is known but not by many, people thinks that btc is a money its because of the coin in the word bitcoin, so now btc is spreading and growing.

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December 07, 2017, 12:36:26 PM
 #811

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.

Sounds like a bank?? yes It can be but a guess the good term to be use is bitcoi s money because it is trully a money. A money frim the interne. Bitcoin already hep many people, So that was my Idea on bitcoin. Right now bitcoins price continue to increase so there is nothing to worry, I guess we must be thankful by giving this to us.

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December 07, 2017, 12:42:38 PM
 #812

If Bitcoin is considered illegal then why does it still exist today? Bitcoin is not a commodity, it is a currency. It is not under the control of any country, it is not controlled nor attacked. Its value is much larger than gold. It is not real, but its value is real, so many have become rich by it.

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December 07, 2017, 12:43:13 PM
 #813

It is a store of value. Not a currency.
By what means is money defined?

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December 07, 2017, 01:51:35 PM
 #814

bitcoin is a new currency that opens up new opportunities, and also that can serve as an asset...so there is a chance to make good money


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December 07, 2017, 02:02:36 PM
 #815

For me I think maybe yes bitcoin sound money because many people in this world he wants to invest there money in bitcoin and  definitely its a kinds of bank

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December 07, 2017, 02:19:04 PM
 #816

Bitcoin is as important as Gold and it is a sound money. Bitcoin is very important in that it can be changed into currency and then be used. Bitcoin is a digital currency that its usage tends to be faster  in its usefulness to be used in trading online . And it is invested in  so that when the prices appreciates, the  investor can sell and make gain from the investments. Such gain is in  cash / money. In our own part of the country, you pay cash into the bank account of the person selling Bitcoin to you, which is a sound money to  the seller.It is a very sound money and there is no doubt about that.
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December 07, 2017, 02:38:02 PM
 #817

Definitely Bitcoin sound money, It's a digital asset which invented like what less than ten years ago, and now 1btc is worth $15,000. Lucky to see this
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December 07, 2017, 02:50:16 PM
 #818

Of course! There are certainly different kinds of money. Check, Cash in Banks, and other negotiable instruments are money. Well, in fact, Bitcoin is also one. How can we separate it as a money? Money is a mode of exchange to buy something you want, investing on what you want, renting on what you want, and so on. Through years of time comes by, with the generation of internet comes along, a new money has arise. Digital currencies. And one of it is Bitcoin. We can transact at anyways at any time even if we are so far from what place we want to pay. Without any energy lose in your body. Well, that is my opinion about bitcoin as a money.

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December 07, 2017, 02:54:54 PM
 #819

I still can not call bitcoin as money, only bitcoin does have a function that is almost the same as money. The main thing is when you can buy something with Bitcoin. But we do not buy money either, but bitcoins have to be bought with money, so I do not think bitcoin is money, but it works like money.


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December 07, 2017, 03:10:14 PM
 #820

It is sound money for me. Otherwise im not gonna work here if i dont earn. As far as i know people join bitcoin to earn. Earning means money. The reason we are into bitcoin because bitcoin is rising and the amount is getting higher. People are excited about it and they very hype about investing or even doing the trading. It is money for me. I am happy doing bitcoin because i am earning from it.
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