Bitcoin Forum
July 20, 2018, 07:59:42 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 [47] 48 49 50 51 52 53 »
  Print  
Author Topic: Is Bitcoin Sound Money?  (Read 28032 times)
pat231
Member
**
Offline Offline

Activity: 308
Merit: 10


View Profile
February 27, 2018, 06:31:53 AM
 #921

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.

[ CENTRA ] Creating a World Connected to Cryptocurrency
▚▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▞
1532073583
Hero Member
*
Offline Offline

Posts: 1532073583

View Profile Personal Message (Offline)

Ignore
1532073583
Reply with quote  #2

1532073583
Report to moderator
1532073583
Hero Member
*
Offline Offline

Posts: 1532073583

View Profile Personal Message (Offline)

Ignore
1532073583
Reply with quote  #2

1532073583
Report to moderator
1532073583
Hero Member
*
Offline Offline

Posts: 1532073583

View Profile Personal Message (Offline)

Ignore
1532073583
Reply with quote  #2

1532073583
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
ionabori
Jr. Member
*
Offline Offline

Activity: 31
Merit: 1


View Profile
February 27, 2018, 07:33:18 AM
 #922

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.

If you are looking for stability, go for gold. But, in case of bitcoins, the risk also creates a possibility for huge returns.
Ronni
Member
**
Offline Offline

Activity: 271
Merit: 10


View Profile
February 27, 2018, 10:44:37 AM
 #923

For me, it is absolutely yes because you can have money through having bitcoin, it can be converted into real life cash and money. It is just in the beginning that you will say that bitcoin is far away from money, but once you have gained some bitcoin, you will realize that it can be converted and you will also be rich because of it.Bitcoin sounds like money because of its growing usage, the usage of bitcoin is getting broader and broader, nowadays you can use bitcoin in different transactions like buying online and even paying in selected fast food chains.

fotosonics
Full Member
***
Offline Offline

Activity: 280
Merit: 100



View Profile
February 27, 2018, 03:30:03 PM
 #924

Bitcoin for me is the extra income I get from the internet, from bitcoin sales, I can earn money. Because of friends, I have extra income. At first I did not know anything, because my friend told me and wanted to share with me. and I am very interested and he wants to teach me, until I become like this.

hujanderas
Jr. Member
*
Offline Offline

Activity: 111
Merit: 0


View Profile
February 28, 2018, 05:08:45 AM
 #925

I will not tell you more technical and complicated ideas that distinguish bitcoin from other commodities. All I know is that it gives me instant financial stability because of its ability to earn me money. This can be done almost exactly like money even if you can not spend it on physical stores especially those that do not receive bitcoin. Through bitcoin I can buy, sell, trade and invest it.
mosbyhimym
Newbie
*
Offline Offline

Activity: 22
Merit: 0


View Profile
February 28, 2018, 05:12:55 AM
 #926

I think bitcoin isn't money, it's a kind of asset like golds or stocks. valuable assets that could easily transfer into money is the better definition for Bitcoin than telling it's money.
jsmithuk
Jr. Member
*
Offline Offline

Activity: 43
Merit: 0


View Profile
February 28, 2018, 05:14:22 AM
 #927

As good as gold.... as long as someone else will take it in exchange for stuff.
proTECH77
Member
**
Offline Offline

Activity: 252
Merit: 10


View Profile
February 28, 2018, 05:33:40 AM
 #928

I really do not see bitcoin in this context, because it cannot be spent directly. It could be used to make transactions that involves buying and selling, but in the actual context of being used as money, it has to be first of all converted to fiat. So, it is actually seen as sound money when been converted.

[   M O Z O  -  The Token of Discovery   ]   //  Whitepaper  //
               ►►  JOIN NOW  ◄◄   US$ 26M of US$ 42M already RAISED!               
Facebook  .  Twitter  .  Telegram  .  Medium  .  Reddit  .  Youtube  .  ANN Thread
gwapoinside2
Member
**
Offline Offline

Activity: 104
Merit: 10


View Profile
February 28, 2018, 05:39:39 AM
 #929

somebody say's that bitcoin is harmful because in every country it is banned but is very helpful now in our daily living and it's help our financial yes it's sound money because your capital is money here but if your money grow more profit well be get .
muhammedb
Full Member
***
Offline Offline

Activity: 308
Merit: 108



View Profile
February 28, 2018, 05:54:20 AM
 #930

yes, bitcoin is sound money, because you work before you can achieve it, in anywhere you thing think it either you invested or use other means (like running bounty program) you can't have it, so to me bitcoin is sound money because you work for it before you can be an own of it.

nawaki
Jr. Member
*
Offline Offline

Activity: 126
Merit: 0

“The Blockchain Secured Loans”


View Profile
February 28, 2018, 06:03:49 AM
 #931

somebody say's that bitcoin is harmful because in every country it is banned but is very helpful now in our daily living and it's helped our financial yes it's sound money because your capital is money here but if your money grows more profit well beget.
I sometimes wonder why some countries say Bitcoin is dangerous. Whereas we know Bitcoin very profitable for its users. Especially if we have a lot of Bitcoin, surely the benefits we get will be very big.

[MONETO]
WE ISSUE INSTANT LOANS SECURED BY BITCOINS
www.mone.to
jwenbu
Jr. Member
*
Offline Offline

Activity: 99
Merit: 0


View Profile
February 28, 2018, 10:10:43 AM
 #932

Absolutely yes. Bitcoin is like a money. As long as you know how to earned and used it. It's like money that you can buy and exchange it into real money. We earned it by working and investing, if you know how to handle it like the real money its a big chance to become rich.

▬▬▬▬ ▮ ▮ ▮WORLDOPOLY▮ ▮ ▮ ▬▬▬
First Augmented  reality game based on blockchain
JOIN OUR   ICO  26 Feb-21 Jun
boboi
Member
**
Offline Offline

Activity: 119
Merit: 10


View Profile
February 28, 2018, 10:14:40 AM
 #933

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.
zitao
Member
**
Offline Offline

Activity: 149
Merit: 10


View Profile
February 28, 2018, 10:15:57 AM
 #934


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.
bakulsandal21
Full Member
***
Offline Offline

Activity: 222
Merit: 100


View Profile
February 28, 2018, 10:17:21 AM
 #935


I do think that bitcoin is sound money since even though the value either increases or decreases due to supply and demand(like gold). I do like the fact that bitcoin can be transferred faster than gold(depending on where you and the buyer lives). I don't like the fact that sending bitcoins has a fee but I suppose that there is no way around that. I wonder what will happen when the maximum amount of bitcoin has been mined.
bts378
Member
**
Offline Offline

Activity: 197
Merit: 10


View Profile
February 28, 2018, 10:18:42 AM
 #936


I would not go into more of technical and complicated aspects differentiating bitcoin to other commodities.  All I know is that it gives me instant financial stability because of its capacity to give me earnings.  It can do almost exactly like money though you cannot spend it to physical stores especially those which do not accepts bitcoin.  Through bitcoin I can buy, sell, trade, and invest it even for a little amount of it.  Unlike if you would invest using cash, it would take like $100-$500 for an investment.
kobop
Member
**
Offline Offline

Activity: 109
Merit: 10


View Profile
February 28, 2018, 10:20:00 AM
 #937


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.
Boknoyz
Full Member
***
Offline Offline

Activity: 343
Merit: 108



View Profile WWW
February 28, 2018, 10:22:35 AM
 #938

I see bitcoin as my money now. I am earning bitcoin and converting it to our local currency when I am needing a money to spend. If we see a user that is having a large quantity of bitcoin we say that he/she is rich because his/her bitcoin is convertible into local currency and turn into money.

rainezerr
Full Member
***
Offline Offline

Activity: 308
Merit: 100


“ALLUXE.io - Decentralized Luxury Platform”


View Profile
February 28, 2018, 10:31:50 AM
 #939

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

In my own opinion, bitcoin and gold should not be compared because gold is not obtainable by any person so there is no way that anyone could be rich just by investing gold while on bitcoins, anyone can invest if they think they will earn profit after a few days so its seasonal as well but for me bitcoins will be always better than gold.

Xester
Hero Member
*****
Offline Offline

Activity: 882
Merit: 533


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
February 28, 2018, 10:34:36 AM
 #940

yes, bitcoin is sound money, because you work before you can achieve it, in anywhere you thing think it either you invested or use other means (like running bounty program) you can't have it, so to me bitcoin is sound money because you work for it before you can be an own of it.

And actually bitcoin is money but it is only done online.   We are here because we wanted to earn bitcoin amd change it into cash or fiat to buy things that we need and want.  I make earnings with bitcoin to have an extra source of income.  Relying only on my salary will not make my life a comfortable one.  

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 [47] 48 49 50 51 52 53 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!