Is Bitcoin Sound Money?

[watchbay30]

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.

Yes bitcoin sounds money because it cost a very big value of money.Thats why many are accepting bitcoin now because you can earn a big salary it is a very good job offer most of all to the un employed people.This is a big opportunity especially to the un employed persons.It gives you a big salary,Once you pursue yourself to work on this kind of job You can see the outcome of your effort in the end of it.

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[dhydra]

Bitcoin becomes sound of money sometimes.but it doesnt have exact value.its depend on market .sometime you can buy each amount by less usd ,another time  you can buy each amount higher usd price.

[yrrehc16]

NO!! bitcoin is just nothing its just morethan 8000 USD per bitcoin and money only have 100 Usd on its max bitcoin will totally conquer the FIAT its just the matter of time where we can use bitcoin  without internet

[jatin729]

Yes bitcoins sounds money but it is more likely asset also, because most of the people treat it like asset they just sell and buy and convert it into fiat currency, But bitcoin has two face like i discussed, there are few people who use bitcoin as a payment or we can say that as money.

[Gotottack]

Yes, you may say it is sound money because you can use it to pay your bills. Not only that, other merchants worldwide also allow you to pay using your Bitcoins. Hence, you may say it is sound money because it can very well be used nowadays to facilitate trade and commerce.

Nonetheless, while it is okay to presume Bitcoin is sound money, we have to be careful on how we use the term "money". It may mean something of monetary value alone or something that can have monetary equivalent when it is being converted to fiat currency. Hence, we have to qualify our usage of terms so as not to juggle up issues all at once.   

[dawoodkhan97]

Bitcoin is a sound choice because mainly due to its
technology and what it has to offer, something that
fiat can't.

- Decentralized
- Immutable
- Privacy
- Price action solely dependent on demand and supply

It's just a matter of time when people realize the true
power of blockchain technology

[1inside1]

Gold and bitcoin are both not quite money.  However, gold is much further from money than bitcoin,  as bitcoin can be transferred like money but even abroad.  As to if it's sound,  I don't feel so atm because of the high fees and slow confirmation times.

[milandres0207]

Yes, it is. Bitcoin is a currency that we can use through digital. But if you want to buy some things that could not accept through online you can convert your bitcoin over your local money. So, we can say that bitcoin sound money.

[Momoamzad]

Bitcoin is a currency which means money. So when I first heard about coin I though it is a scam. But day by day when I become introduced to coinmarket I able to know that bitcoin means a lot of money. So collect bitcoin & earn doller .

[iluvpie60]

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

Right now bitcoin is not sound money in terms of having a low fee to actually buy things that don't cost too much. Buying a coffee at McDonalds is less than 1USD, paying a 3 to 30USD fee(depending on the mempool filling up) is not practical.

Core should raise the block size by .25MB right now, and announce they are going to increase if every 6 months by .25MB. That should easily cover what is happening with technology catching up and being cheaper. At the same time it would take advantage of the SEGWIT savings on space as it goes up.

[Klestar]

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

No doubt bitcoin is money because you can convert it into real money to buy anything and pay anything and i think this bitcoin is our future money so if you use fiat after 5 years i think they will laugh at you so its time to earn bitcoin for future.

[zhelis74]

Yes, it is. Bitcoin is a currency that we can use through digital. But if you want to buy some things that could not accept through online you can convert your bitcoin over your local money. So, we can say that bitcoin sound money.

Absolutely bitcoin is money, that is why more and more people around the world are working for it because it gives financial improvement as what real money did.
Even if you will not convert it to real money but still there are already stores that are accepting bitcoins as payment for goods and services.

[johnalyn]

Yes it really does because you can buy things using it and it is real it is not a joke, just like in a bank you can put your bitcoin in online wallet and it can also increase its amount every months.

[lautantepi]

I do not want to argue with that and the others, all I know is that I can use bitcoin to produce, I can use it to help my economy.

[Bitcoinsislife]

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

Bitcoin owners today still must convert their coins back to traditional currency in order to buy certain items, pay bills and purchase things at their favorite shops. However, the tide is shifting and the conversion necessity is falling. As the value of bitcoins increase there will be more value to spread around, and more people willing to spend bitcoins.

[sharted]

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

Bitcoin owners today still must convert their coins back to traditional currency in order to buy certain items, pay bills and purchase things at their favorite shops. However, the tide is shifting and the conversion necessity is falling. As the value of bitcoins increase there will be more value to spread around, and more people willing to spend bitcoins.

Bitcoin is only a sound money now . The value equivalent to bitcoin of dollar is 12000$,one bitcoin is equal to this much dollars.So it's confirm that,bitcoin is greater than dollar.

[iyah09]

of course bitcoin sound money because its digital currency if you convert it will become money

[EmJay]

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.

it is for me true, it sounds like money because we can use it to oay for our bills and expenditures. we can use it also to.pay for school tuition in our country and send money to our family.once we convered bitcoin to cash it is real.money. so it is really like money for me. easiest to earn money through bitcoin. and now that the equivalent value of bitcoin is so high , people with bitcoin had earned a lot of money.

[SummonKing2]

It is money that maintains its purchasing power, so that a dollar can buy a dollar’s worth of crap today, and a dollar can buy the same load of crap in the future because prices did not change.

[jpoker272727]

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

Bitcoin owners today still must convert their coins back to traditional currency in order to buy certain items, pay bills and purchase things at their favorite shops. However, the tide is shifting and the conversion necessity is falling. As the value of bitcoins increase there will be more value to spread around, and more people willing to spend bitcoins.

What else you want if you are able to improve your financial status with the help of bitcoin? This is what we all are working for day and night, just to live a life where we are not dependent on others for the fulfillment of our needs.

By the way, I will also like to stay away from this argument whether bitcoin is a sound money or not, what I simply believe is that it is an amazing creation which is helping people a lot financially.