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infer
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May 23, 2017, 03:55:07 PM |
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I'm not sure that there is a country where Bitcoi is defined as money but it could definetely used as such. It has the real value mesurable in the real world for real commodities and services. But I'm not sure that it will be ever formaly accepted as money and regulated as such by governemnts. It lacks stability at first place to be treated as real money.
Bitcoin is not legally recognized as a type of money in any country yet but it will soon be. Japan will be the first country accept Bitcoin in many aspects and places. As you can see, thanks to the japanese, the Bitcoin prices have increased significantly |
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Sundark
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May 23, 2017, 04:03:29 PM |
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Bitcoin is more than just a money it is the best possible way for us to invest our money.
Since the past four years, the average rate of growth of the bitcoin's price has stayed way above 100% percent per annum.
If you don't buy bitcoin while knowing this statistic you are either stupid or don't like to earn money.
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BADecker
Legendary
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Activity: 3780
Merit: 1372
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May 23, 2017, 04:08:26 PM |
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Bitcoin is NOT sound money. Gold and silver coins, and even the worthless coins of many nations, are sound money. How can you tell? Bounce the coins on a metal tray, and they make nose. Sound money. Bitcoin is kinda quiet.  |
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marcuslong
Legendary
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Activity: 1036
Merit: 1002
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May 23, 2017, 04:10:53 PM |
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Im not going to a debate but in my own opinion bitcoin really sound money for me from internet not physical one. i can withdraw it via bank i can earn profit from trading, gambling , investment and signature campaign here in forum but if this had a physiscal thing on future why not we called it is a real money.
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TheGodFather
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May 23, 2017, 04:22:14 PM |
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Bitcoin is more than just a money it is the best possible way for us to invest our money.
Since the past four years, the average rate of growth of the bitcoin's price has stayed way above 100% percent per annum.
If you don't buy bitcoin while knowing this statistic you are either stupid or don't like to earn money.
everytime I heard bitcoin , money always come to my mind. bitcoin is money for me because it helps my everyday needs, it also provide the foods for my family and it is a good investment for me as always, i have no doubt nor regrets in bitcoin. as time passes by bitcoin price goes up and up and it is even more stronger than before. |
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Russlenat
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May 23, 2017, 11:48:03 PM |
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For me bitcoin is already a money that can be trade and exchange. I already used bitcoin to buy load for my mobile device.
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richsoon
Member
Offline
Activity: 118
Merit: 100
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May 23, 2017, 11:49:52 PM |
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Bitcoin in its current state is an asset, its not money in any shape of form. It can be used for a limited amount of purchases sure but all those purchases are based on exchanging into fiat, in other words its still not real money but has the potential to be in the future.
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emezh10
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May 23, 2017, 11:57:10 PM |
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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.
Nothing like surely bitcoin is money the main reason it is made is because they want to make a currency in short money in technology so they made crytocurrency that is a money unlike a gold surely it has a value but you cant make it as a currency but you can use it to trade for something.But bitcoin is all the best and its better than gold. |
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ecnalubma
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May 24, 2017, 12:07:26 AM |
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way back couple years ago when people have less knowledge about cryptocurrency they just ignore bitcoin, but nowadays bitcoin had proven and shows a lot of potential to be consider an asset or investment. Digital asset as we call it.
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Wintersoldier
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May 24, 2017, 12:09:00 AM |
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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.
I agree, bitcoin does not just sound like money but it is money or a way better money. As you said bitcoin does have value and price so it definitely have a value so it is literally a form of money itself. So for me it is a better money because it can do things such as transaction through the web and with the power of the technology that fiat cannot do. It also have a future ahead because its price develop as soon the support of the community continue. |
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clickerz
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May 24, 2017, 01:46:43 AM |
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For me bitcoin is already a money that can be trade and exchange. I already used bitcoin to buy load for my mobile device.
It is a real money for me too in virtual world. I did purchase my domains with bitcoin and also in my mobile topup. Also it can be considered an asset too that is exchangeable to real fiat in in country you are in. It is really changing how we transact online and very convenient to use too. |
Open for Campaigns
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DarkIT
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May 24, 2017, 01:57:07 AM |
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I heard it like that. Well, i've been using bitcoin since 2014, and at that time i assume that bitcoin is currency in internet. So, until now, I think that bitcoin is money on the internet.
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zeze18
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May 24, 2017, 02:29:20 AM |
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Bitcoin is something new for me because it's only a year since I used it for payment transactions, but if I look at the development and ease of transactions in bitcoin services, I'm optimistic that bitcoin will be parallel to real money because it has the same functionality even though the legality of bitcoin is not legal yet It will not reduce the popularity of bitcoin as a useful digital currency
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tradercoin1212
Newbie
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Activity: 1
Merit: 0
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May 24, 2017, 03:45:31 AM |
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I think bitcoin can not be recognized as cash same dolar, gold, silver... because I can not use bitcoin as easily as dolar
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the rise
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May 24, 2017, 05:09:23 AM |
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Bitcoin is something new for me because it's only a year since I used it for payment transactions, but if I look at the development and ease of transactions in bitcoin services, I'm optimistic that bitcoin will be parallel to real money because it has the same functionality even though the legality of bitcoin is not legal yet It will not reduce the popularity of bitcoin as a useful digital currency
In digital world, price of one bitcoin has exceeded dollar and the poundsterling, I think it's better like this, bitcoin specialization is only for digital currency. This will give the trademark as king of online currency. I believe bitcoin will have legality, bitcoin is similar to os android, the greater interest users, this technology will not be dammed. |
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DoublerHunter
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May 24, 2017, 10:21:54 AM |
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I think bitcoin can not be recognized as cash same dolar, gold, silver... because I can not use bitcoin as easily as dolar
You cannot easily use bitcoin as well as dollar because it is still not recognized as a money by the major countries in the world. If you want to use bitcoin just like a regular money then it is still a long wait because the only country that i knew that they are already treating bitcoin as a money is Japan and i think after this year we can use it on the malls or shops. |
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Vaculin
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May 24, 2017, 10:29:12 AM |
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Bitcoin sounds money for me because it became my source of income.I did purchased my basic needs from bitcoin.Therefore,bitcoin is very essential to us as money does.
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Duzter
Sr. Member
Offline
Activity: 1092
Merit: 256
Leading Crypto Sports Betting & Casino Platform
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May 24, 2017, 11:08:43 AM |
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Each user have different perspective and some prefer it to be a investment as it grows higher and higher periodically. In my view bitcoin as a currency usage is very low, because of the volatile nature which gives two different price for the same product depending on the price variation.
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Yatsan
Legendary
Offline
Activity: 2394
Merit: 1231
Leading Crypto Sports Betting & Casino Platform
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May 24, 2017, 11:11:27 AM |
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Each user have different perspective and some prefer it to be a investment as it grows higher and higher periodically. In my view bitcoin as a currency usage is very low, because of the volatile nature which gives two different price for the same product depending on the price variation.
Well in my perspective the bitcoin have a limited value which means it's like a product that undergo the supply and demand law and by that for that will sound money because as long as many buy bitcoin the price of it will go up so for me bitcoin is sound money because of the uniqueness of it. |
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soul-impact
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May 24, 2017, 11:24:17 AM |
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Each user have different perspective and some prefer it to be a investment as it grows higher and higher periodically. In my view bitcoin as a currency usage is very low, because of the volatile nature which gives two different price for the same product depending on the price variation.
Well in my perspective the bitcoin have a limited value which means it's like a product that undergo the supply and demand law and by that for that will sound money because as long as many buy bitcoin the price of it will go up so for me bitcoin is sound money because of the uniqueness of it. Money sounds, in a weird way, I never heard that. The value of bitcoin is rising rapidly thanks to the market's rule, the high demand of users makes it become rare and preferred. But instead of calling it sound money, we should call it tech money. |
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