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Author Topic: Is Bitcoin Sound Money?  (Read 28007 times)
peterpeterpeter
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February 28, 2018, 11:38:02 PM
 #961

 bitcoin almost like a money.
If you have bitcoin there is so many ways to use when you converted into fiat money. Especially for your financial needs.
Therefore if you have bitcoins you have a money.

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February 28, 2018, 11:56:41 PM
 #962

bitcoin almost like a money.
If you have bitcoin there is so many ways to use when you converted into fiat money. Especially for your financial needs.
Therefore if you have bitcoins you have a money.
Bitcoin is almost like it. It could be used to purchase what I want though i'd rather use cash fro the mall.



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March 01, 2018, 10:31:27 PM
 #963

When you said sound money it means not liable to sudden appreciation or depreciation in value or money backed by or pegged to some good or commodity. Remember that bitcoin has its own unique feature. If you want to use it as a usual medium of exchange you'll probably find it hard to do so because it is a form of digital currency. You still need to convert it. And besides its value does not depend on the goods or commodities we buy. Its value is higher than the usual currency we are using in a daily basis.

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March 01, 2018, 10:51:52 PM
 #964

Before,  i really don't  understand  someone talking about bitcoin but right now when i heard about it, i am totally amazed to everyone who is currently holding more bitcoin  because btc price is too expensive. It means holding more bitcoin is just you are holding more money too. Grin

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March 01, 2018, 10:55:43 PM
 #965

I think so, however it is a digital money or currency. Bitcoin has been offered all around the world and I see this as a good opportunity to see that iin the near future this will be the new money of the next generation
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March 02, 2018, 12:13:08 AM
 #966

Yes, bitcoin is money. When I see bitcoin logo I think this is money in a different way on cryptocurrency, you can used it to buy online through merchant accept bitcoin.

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March 02, 2018, 12:15:44 AM
 #967

bitcoin almost like a money.
If you have bitcoin there is so many ways to use when you converted into fiat money. Especially for your financial needs.
Therefore if you have bitcoins you have a money.
Bitcoin is almost like it. It could be used to purchase what I want though i'd rather use cash fro the mall.

It's one of the benefits of Bitcoin, not only for use in transactions and can also be used for the exchange of goods and banknotes.

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March 03, 2018, 03:23:47 PM
 #968

Yes because bitcoin is real money. From the word "bitcoin" the word "coin" is already a sign of that is a money.
The only problem is if you will going to use it for your transactions, you canont hold it or use it unless you have computer or cellular phone.

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March 04, 2018, 07:07:52 AM
 #969

Yes. Bitcoin sound money because bitcoin is really a money. The difference of it in the traditional money that we use is bitcoin cannot be hold or touch. All you need is cellular phones or computers to transact payment.
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March 04, 2018, 07:31:19 AM
 #970

Yes because bitcoin is real money. From the word "bitcoin" the word "coin" is already a sign of that is a money.
The only problem is if you will going to use it for your transactions, you canont hold it or use it unless you have computer or cellular phone.
Bitcoin is money because some businessman or Bitcoiner use it in their business. Bitcoin has a value
in the market that we can use it to trading and investing. So in my opinion Bitcoin is money but not real money.

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March 04, 2018, 11:12:48 PM
 #971

Yes because bitcoin is real money. From the word "bitcoin" the word "coin" is already a sign of that is a money.
The only problem is if you will going to use it for your transactions, you canont hold it or use it unless you have computer or cellular phone.
Bitcoin is money because some businessman or Bitcoiner use it in their business. Bitcoin has a value
in the market that we can use it to trading and investing. So in my opinion Bitcoin is money but not real money.
That is the fact, you do not need to prove this fact is right again, because the fact can not change until the world change it. Bitcoin is virtual asset at the begin, but its value is real. And the developer of Bitcoin called it with name cryptocurrency to create difference between virtual currency and crypto currency.



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March 04, 2018, 11:16:27 PM
 #972

Bankers are saying that bitcoin cannot be treated as a sound money because of its very volatile value. This the primary reason why people are choosing to horde and hodl bitcoin rather than spending them. But there are also people who are spending their bitcoins. I am also spending some every now and then but very minimal amount.

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March 04, 2018, 11:22:03 PM
 #973

Bankers are saying that bitcoin cannot be treated as a sound money because of its very volatile value. This the primary reason why people are choosing to horde and hodl bitcoin rather than spending them. But there are also people who are spending their bitcoins. I am also spending some every now and then but very minimal amount.

bankers only say that because they afraid about bitcoin. they are afraid that if bitcoin should be use by more people their local currencies wont be a hit anymore. Also almost half of their clients are now switching to bitcoin in order to invest because investing in bitcoin is indeed verry profitable than investing in banks.

bitcoin should be use in the first place because it is a digital currency and a currency is meant for spending but bitcoin is also an asset  , that is why it can also be used as investment or trading purposes.

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March 05, 2018, 01:34:52 AM
 #974

Yes indeed bitcoin sound money. It is because of our instinct that telling our mind that if you have bitcoin it is just like you do also have a money. In only sounds like money but not like money. There are a lot of difference between sound and like. Because for me bitcoin is not like money at all. Because money has a constant value in their mother currencies unlike bitcoin who's value comes high and sometimes low. The value of money just change if it will be used in other countries or other currencies.

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March 05, 2018, 01:57:24 AM
 #975

Special currency is the real money/money. You can convert your country into real money. No matter where you are in the world.

Bitcoin will become the universal currency of the future, and it will truly be a cashless era.

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March 05, 2018, 02:44:38 AM
 #976

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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March 05, 2018, 04:21:01 AM
 #977

I truly believe that it's not going to begin any war amongst bitcoin and banks , I feel that they wil need to adjust and acknowledge bitcoin . yet, everything is conceivable so on the off chance that it will be any war it will happen , perhaps , when bitcoin will turn out to be more known than it is presently . what's more, individuals will make installments with it.
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March 05, 2018, 05:22:21 AM
 #978

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.
Yes bitcoin is a currency in the virtual world that you can use to buy online and at the same time you can convert your bitcoin into physical money. With that i can say that bitcoin can be a paper money also.

Not only that but also Bitcoin has been regarded as one of the best storage platform so it is said that Bitcoin both have money. Since Bitcoin is used for purchasing purposes then you can call it money, now many online and other shopping centers accept Bitcoin as a means of payment.

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March 05, 2018, 06:37:25 AM
 #979

I truly believe that it's not going to begin any war amongst bitcoin and banks , I feel that they wil need to adjust and acknowledge bitcoin . yet, everything is conceivable so on the off chance that it will be any war it will happen , perhaps , when bitcoin will turn out to be more known than it is presently . what's more, individuals will make installments with it.

Yes if I heard the word bitcoin it really sounds money because from the start when it was introduced to me it talks about investing money and also getting extra income.That's the reason why people like to join and invest bitcoin.

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March 05, 2018, 06:40:19 PM
 #980

Due to more people and more country are making its step recognizing bitcoin in different ways like in the market people are taking their chances to get more profit than the stock market because it is more profitable and have a higher chance of doubling your investments but it can easily make you broke and leave you homeless.

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