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Author Topic: Is Bitcoin Sound Money?  (Read 28032 times)
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December 26, 2017, 12:04:18 PM
 #861

We can compare any two things but Bitcoin and Gold have no comparison. Bitcoin is not money it is an asset and presentally it is the most valuable and  fastest growing asset.

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December 26, 2017, 12:04:42 PM
 #862

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 bitcoin is sound money but you dont need to pay tax here because a money is in your phone or its a money or we can call a cryptocurrency its a digital coin cryptocurrency its about bitcoin so i can call that bitcoin is a money or sound money because its a digital coin you can use for future thats why bitcoin sound money to me

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December 26, 2017, 12:32:29 PM
 #863

Really, I think bitcoin sounds money because any money function can be done with bitcoin even I think is better than money, a lot of rules and limitations of money use, but the use of bitcoin is a remarkable thing.

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December 26, 2017, 12:34:38 PM
 #864

Bitcoin is sounds money because as you convert the bitcoin in your local money, it will make you as your personal money and in other words you can buy bitcoin like what you do in the metal investment like gold and silver but the good on bitcoin is the price will increase unlike in gold.
Nope it when was 1st introduced to bitcoin i thought this more as a way more advanced technology.
But in recent times we all fell for the money aspect of bitcoin.But for me still, the technology part is more importaint.
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December 26, 2017, 12:51:01 PM
 #865

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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December 26, 2017, 12:56:53 PM
 #866

No. From the first time I heard about bitcoin, I think bitcoin is not money but one kind of games or an application. Maybe it is because I see people who join at that time can do it all day long. But, right now..I smell bitcoin such money  Grin

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December 26, 2017, 12:56:58 PM
 #867

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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Bitcoins i can consider it money because it has a value just like gold they are not used as a monetary unit his time but it has a value. But you cannot compare them because they are very different from each other. Bitcoins are artificially and man made whole gold are nature wonders that man cannot replicate. The gold are physically while bitcoins are virtual but they are both good as an investment but i go for gold if it is for a very long time. Because bitcoins are just on hype but gold if it is lacked im the future the value will be expensive because we can be run out of gold.

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December 26, 2017, 12:59:49 PM
 #868

Yup.....
Because bitcoin can be converted to money in many ways...
And like money you can buy things using bitcoin....
Bitcoin sound not only money but earning and savings too

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December 26, 2017, 01:13:02 PM
 #869

Really, I think bitcoin sounds money because any money function can be done with bitcoin even I think is better than money, a lot of rules and limitations of money use, but the use of bitcoin is a remarkable thing.
it's really better than money and it's a pity that many don't understand this...bitcoin is better called an equity, because it increases your money when you invest in it


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December 26, 2017, 02:41:56 PM
 #870

Yes, most of investor in bitcoin are looking for the profits , so it sounds money when you're talking about bitcoins with them.

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December 26, 2017, 08:17:10 PM
 #871

to my mind, bitcoin is gold in internet because bitcoin obtainable by mining and not be printed like fiat money

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December 26, 2017, 08:20:35 PM
 #872

In my opinion btc is money, why?
When you can buy everything what you need with it yes sounds like money
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December 27, 2017, 07:55:09 PM
 #873

Really, I think bitcoin sounds money because any money function can be done with bitcoin even I think is better than money, a lot of rules and limitations of money use, but the use of bitcoin is a remarkable thing.
it's really better than money and it's a pity that many don't understand this...bitcoin is better called an equity, because it increases your money when you invest in it

Sure it is better than money because bitcoin is paying high and it is high in price as per now. Bitcoin is able to use for all kind of tasking that we use money for. Now we can buy things with bitcoin, we can pay for tuition fees with bitcoin and even our electricity and our gas bills we can pay with bitcoin very easily and it will save our time and will make us earn money also because all of it can be done just with a single click.
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January 09, 2018, 04:25:15 PM
 #874

In todays date bitcoin is sound money
Bitcoin is a digital currency which can be converted to the currency belonging to your country
Even a few countries have started accepting bitcoins now along with some shops
The price of bitcoins keeps on increasing which makes it a sound investment too

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January 10, 2018, 05:52:29 AM
 #875

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 BTC is a sound money in present scenario
I guess it is much better and even more reliable than any other old investment. The inflating valuation of bitcoin has amused millions of people by leaving behind all its competitors. Earlier people use to invest into gold or silver but now conditions are changed and now BTC is capable of providing you such a huge profit than any other investment can provide and moreover few countries also started accepting BTC. So it is a wise choice to invest into BTC.

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January 12, 2018, 12:03:04 PM
 #876

Yes, Because this days when you hear of Bitcoin immediately you will think of money. Bitcoin is a other way of earning from your investment or trading some of it. Bitcoin can be converted to other currencies that is available to your country. So wherever you are, you can hear and access Bitcoin.

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January 12, 2018, 12:04:51 PM
 #877

Trading Bitcoin isn't sound because it is risky being the volatile coin that it is. However, taking risks have perks since gains are of equal possibility.
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January 12, 2018, 12:24:22 PM
 #878

In todays date bitcoin is sound money
Bitcoin is a digital currency which can be converted to the currency belonging to your country
Even a few countries have started accepting bitcoins now along with some shops
The price of bitcoins keeps on increasing which makes it a sound investment too
No doubt of that bitcoin now is money, we can use now and do transaction via bitcoin. We do converted it in our country currency whenever we want. Bitcoin is a digital currency that can be used in many transactions such as paying bills, buying loads etc. In times now some countries allow bitcoin to be used in transactions and accepted by some establishment. And by its value that continuously increasing, no doubt bitcoin is a true money and a good opportunity for investment.
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January 12, 2018, 06:08:26 PM
 #879

Bitcoin sounds money, it can be used in exchange for goods and service, it is tenable in the market, there is nothing money does that bitcoin can not do,
it none or less money

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January 27, 2018, 07:25:38 PM
 #880

bitcoin is honestly a real forex/cash. why? due to the fact as soon as you have it you can convert into a real money in step with united states you belong. and the banks also accepting bitcoin whether you're in one-of-a-kind places of the arena. if so it indicates how bitcoin is very popular in on-line enterprise.

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