Is Bitcoin Sound Money?

[btcprospecter]

At this present time bitcoin is more valuable than gold has ever been and it makes sense to invest in it rather than gold although gold is physical and in decades time you will still have that gold the increase in bitcoin makes up for that depending upon how long you plan to hold it for.

[1713475058]

1713475058

[Dod Ong]

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

For me if says bitcoin it is an job or work in online. The bitcoin is sounds money because if you says a bitcoiners he/she earned money here in bitcoin. Also bitcoin sounds income in my family and my other friends, some of my friends is bitcoiners they have more account that me so they earned money that I earned. Sometimes I nailed to them because their income or they earned is more than I earned.

[Canday]

Well, yes bitcoin is audio cash. But it has yet to ideal its system. It is nonetheless in its toddler stage and is currently expanding up. The potential is vibrant however.But when you compare it with gold, I believe the throne even now belongs to gold. Even ahead of contemporary civilization started, gold has currently its valuable benefit. Until finally now, its benefit is nonetheless there. It will last permanently.Bitcoin, on the other hand, is a solution of our present day times. A great technological invention, of program, but when every thing crumbles down to the ground, it means nothing any more. Whilst, gold continues to be gold.

[phelbaby]

What is real money if i may ask? if you can buy and sell with any currency it should be seen as real money. To me i have used it in so many transactions so i see it as really money.

[Genosx]

Yes, Bitcoin has a amount or value that can exchange into money. Bitcoin in the future is a new form of money.

[Mersterious]

Yes bitcoin is a kind of money that had a great value

[syamster]

all i know of bitcoin is that i can use it to buy things, more than that like a gold its value could go up and down,bitcoin making life easier for payments and the transaction fees are lower than we expect.

Yes there is no doubt that bitcoin is very safe and sound digital currency and you can invest here as much as you can because I’m investing here from a long time and I did not see any problem or difficulties so you can invest here without any fear and even billionaire are also going o invest here so which mean bitcoin is totally sound.

[slate_main]

Bitcoin has already replaced regular currencies in some monetary spaces, and there is no gold in the federal or world reserves apart from maybe Switzerland, so for our common money, there is no physical backup, it is all a lie!

[zanezane]

Yes bitcoin sounds money. Can earn it spend it you can even use bitcoin to pay bills and makes payment easier bitcoin has a great value.

[PMmesexycoins]

Yes bitcoin sounds money. Can earn it spend it you can even use bitcoin to pay bills and makes payment easier bitcoin has a great value.

Maybe some day. Even if viable, right now I can't afford competitive fees on top of the actual payments.

[SupportBitcoin]

Bitcoin has proven to be better than any fiat currency out there. And, if I can use it to buy things, I consider it real money!

[chicobr]

Bitcoin has proven to be better than any fiat currency out there. And, if I can use it to buy things, I consider it real money!

Yes, I totally agree with you. With many advantages, Bitcoin will become a real money if it is more popular.

[Seaze007]

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.

For me bitcoin is sound money, Because value of bitcoin is getting higher in the near future. And if you will willing to wait and satisfied the value then you can sell your bitcoin. And some of the bank now accept bitcoin and someday you can buy stuff using bitcoin.

[DaftAjax]

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.

For me bitcoin is sound money, Because value of bitcoin is getting higher in the near future. And if you will willing to wait and satisfied the value then you can sell your bitcoin. And some of the bank now accept bitcoin and someday you can buy stuff using bitcoin.

It is money. Why do people in this thread seem to not understand, and it also seem that they don't have the knowledge they need in order for them to comprehend to the situation that everytime we use Bitcoin, we are doing something like what Money do. And obviously it is money, its just that they exist in a different dimensions; physically and digitally.

[acmagbanua21]

for me it is legalized in some countries.We could easily convert bitcoins into cash in any parts of the world.Since transaction fee is getting less once again,we could be able to buy any products immediately without any delay.

[fateh1313]

Yes its sound money but why to compare bitcoin with gold and all they are precious metal not currency but bitcoin now become a solid platform for transaction to be done so in my view i can use bitcoin to every were to buy and sell so its sound money for me   

[Zadicar]

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.

For me bitcoin is sound money, Because value of bitcoin is getting higher in the near future. And if you will willing to wait and satisfied the value then you can sell your bitcoin. And some of the bank now accept bitcoin and someday you can buy stuff using bitcoin.

It is money. Why do people in this thread seem to not understand, and it also seem that they don't have the knowledge they need in order for them to comprehend to the situation that everytime we use Bitcoin, we are doing something like what Money do. And obviously it is money, its just that they exist in a different dimensions; physically and digitally.

It is indeed money since we can able to exchange it on our local fiat money and there are situation on where we can able to make use of our bitcoin on purchasing something online or any services but only possible on some countries or places which do accept or adopt bitcoin. I dont know for those people who dont hear about bitcoin as money. It do sounds money but on those people who dont know about bitcoin then  expect what would be their answer and their own choice.

[rayneh]

 really amazed relating to this task

Toward the starting Bitcoin was not be utilized by many individuals that is the reason less individuals were keen on exchanging or to work with Bitcoin yet now the general population changes over all their cash to bitcoins in light of the fact that now wherever Bitcoin is acknowledged so it additionally functions as a cash that is the reason you can state that Bitcoin is the cash.

[tailwate07]

Bitcoin has proven to be better than any fiat currency out there. And, if I can use it to buy things, I consider it real money!

Exactly! There is no point of denying this fact that bitcoin is something more beneficial than that of paper money. It is because of the reason that you can not only use bitcoin for buying different kind of things but it is the best way of investing your money too. It really helps you in making of good amount of money as well. Bitcoin will for sure be the most widely used currency in the next few years.

[`zoned]

Bitcoin doesn’t have exact value in market and its price is always changing due to supply and demand the online market. I think bitcoin is a kind of electronic or digital money in online market. You can use bitcoin in any kind transaction in online like paying bills and many more so I think the bitcoin is money.