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Author Topic: Is Bitcoin Sound Money?  (Read 28008 times)
paa1991
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February 24, 2018, 10:24:21 AM
 #901

no. it is not.. it is true money.. because lot of people are earn profit from BTC. they got more income in BTC. according to that i can tell BTC is NOT SOUND Money.
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February 24, 2018, 10:34:51 AM
 #902

Bitcoin is a sound money as like Bitcoin is a real money so we can call Bitcoin is a sound money
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February 24, 2018, 10:38:14 AM
 #903

We can see that bitcoin can be used as a medium of exchange, it proves that bitcoin does serve as money. We can also see that bitcoin can actually serve as a long-term investment tool. So it can be concluded actually bitcoin is more than just money and investment.

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February 24, 2018, 10:39:30 AM
 #904

Yes bitcoin sound money because bitcoin is a currency, digital currency and you can use bitcoin in any stores or you can use bitcoin to purchase some items and to invest it.

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February 24, 2018, 10:44:18 AM
 #905

for me bitcoin is money because I can buy with bitcoin or exchange it in the official currency to make payment of all my bills

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February 24, 2018, 11:28:14 AM
 #906

a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. so in other words bitcoin is money. bitcoin can be our future a way to success and a way to become a millionaire.
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February 24, 2018, 11:35:01 AM
 #907

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
When I heard the word 'bitcoin' a year ago, I think it is kind of money that uses in a game. But when the time goes down and because I red some articles about bitcoin, I knew that I was wrong. Bitcoin is a virtual money, that usually use in Internet to buy some online products.

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February 24, 2018, 11:49:24 AM
 #908

Definitely yes! When you heard bitcoin, the first thing that come to our mind is i want to have one. I want to buy this and that. The same way as we think with money. And what you can have with money is the same thing you can have with bitcoin. No need to think of it, bitcoin is money. The only diference is that it is digital currency.

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February 24, 2018, 11:53:41 AM
 #909

Bitcoin is asset  money commodity digital gold we can name it as we like all the demand only because of limited supply and huge demand
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February 24, 2018, 12:47:59 PM
 #910

Yes bitcoin sound money because bitcoin is a currency, digital currency and you can use bitcoin in any stores or you can use bitcoin to purchase some items and to invest it.
Yes it is! bitcoin sound money, a digital money. It is already a money with its name. Coin repsent a money, a money with Bit. Many people know already  what bitcoin it is. When we talk about bitcoin, there's a lot of digital money involve on it.
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February 24, 2018, 12:49:06 PM
 #911

Honestly I don't care about the mainstream any more, I am using Bitcoin from 2011 or maybe 2010 and I am fully using it for my survival in the Internet I think that was the biggest step for me. I don't need any proof to get on this system I just know how it works and I believe in the system. I am proud that I use bitcoin and we are so good that we are here as a community. this community has lot of geniuses.

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February 24, 2018, 02:30:32 PM
 #912

Interesting video and I also participate constantly in such dialogues.I am of the opinion that bitcoin is our future,and gold can become obsolete, though it has a certain form of trust

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February 24, 2018, 05:29:19 PM
 #913

Bitcoin is great opportunity of all people..bitcoin is sound money 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.

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February 24, 2018, 06:47:41 PM
 #914

In my opinion, gold is a precious metal that has been used in the production of jewelry and the exchange of purchases in cash or the like and one can not determine the actual volume and value. Bitcoin, meanwhile, offers an easy asset for investors to control its value or know its total revenue. Cool

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February 26, 2018, 01:42:49 PM
 #915

Bitcoin is more perspective for investments today. It's growth is actually a several times multiplied percentage. It can cost one thousand today and ten thousand tomorrow, which is attractive.
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February 26, 2018, 02:58:58 PM
 #916

Yes bitcoin is a sound of money . Because bitcoin is a digital currency or digital money you can convert as a true money or can you used to pay your billa or to transac. Because the value of bitcoin is a true money. Bitcoin can you invest or trade in digital currency.

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February 26, 2018, 03:33:36 PM
 #917

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
Having gold in our own hand is a good thing because it can be called as an investment which has a value to the community because of its reliability and wealth. To be honest, every time I heard about bitcoin, it really sounds money to me because it can really help someone to be successful in life. The reason why some investors are questioning the legitimacy of bitcoin was because of the falling price of these past few months which made a person think that it will die soon. Debating between gold and bitcoin make sense at all because if we will have a serious conversation regarding this matter, you'll might come up with a conclusion which is better between the two.

santafewarrior1980
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February 26, 2018, 03:35:21 PM
 #918

Yes, because bitcoin is known by many people as source of money.

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February 27, 2018, 05:45:04 AM
 #919

Totally, bitcoin sounds like money to me.It's more than a cash. It have an extensive variety of ways to deal with use it and more invaluable to use than paper money. I essentially appreciate the whole thing about bitcoin. Regardless of the way that it's not unmistakable at everything with the exception of rather I genuinely find it extremely amazing.

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iryboy
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February 27, 2018, 05:52:11 AM
 #920

For me yes bitcoin sound like money  Grin, I can buy stuff using Bitcoin online as well as offline (from friends).

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