Is Bitcoin Sound Money?

[vnnbot]

Interesting video and I also participate constantly in such dialogues.I am of the opinion that bitcoin is our future,and gold can become obsolete, though it has a certain form of trust

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[ridwan99]

Bitcoin is great opportunity of all people..bitcoin is sound money because bitcoin obtainable by mining and not be printed like fiat money, but the bitcoins can be used for payment method is like fiat money.

[jhonnydeep87]

In my opinion, gold is a precious metal that has been used in the production of jewelry and the exchange of purchases in cash or the like and one can not determine the actual volume and value. Bitcoin, meanwhile, offers an easy asset for investors to control its value or know its total revenue.

[Axecelzon081218]

Yes bitcoin is a sound of money . Because bitcoin is a digital currency or digital money you can convert as a true money or can you used to pay your billa or to transac. Because the value of bitcoin is a true money. Bitcoin can you invest or trade in digital currency.

[santieevanz]

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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Having gold in our own hand is a good thing because it can be called as an investment which has a value to the community because of its reliability and wealth. To be honest, every time I heard about bitcoin, it really sounds money to me because it can really help someone to be successful in life. The reason why some investors are questioning the legitimacy of bitcoin was because of the falling price of these past few months which made a person think that it will die soon. Debating between gold and bitcoin make sense at all because if we will have a serious conversation regarding this matter, you'll might come up with a conclusion which is better between the two.

[santafewarrior1980]

Yes, because bitcoin is known by many people as source of money.

[tonmoycrypto]

Totally, bitcoin sounds like money to me.It's more than a cash. It have an extensive variety of ways to deal with use it and more invaluable to use than paper money. I essentially appreciate the whole thing about bitcoin. Regardless of the way that it's not unmistakable at everything with the exception of rather I genuinely find it extremely amazing.

[iryboy]

For me yes bitcoin sound like money  , I can buy stuff using Bitcoin online as well as offline (from friends).

[Shutup]

Yes bitcoin sound money. When l hear the word bitcoin it's like lm having money easily. Because bitcoin produces money. Once you work in bitcoin you have payments of bitcoin. That good thing here is you can join here as long as you know How to follow all instructions of bitcoin. It's really a surprising work because we can have a chance to be a millionare

[pat231]

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.

[ionabori]

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]

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]

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]

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]

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]

As good as gold.... as long as someone else will take it in exchange for stuff.

[proTECH77]

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.

[gwapoinside2]

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]

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]

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.