Is Bitcoin Sound Money?

[solarisexodus]

Bitcoin does not only sound money but it is in sense money. Why? Take a look, when you have a bitcoin, you have the opportunity of getting money. In simple terms, it is a form of money - I think a revolutionary currency that might change the world in future and even then proved its worth just recent event. It is a sense perhaps because it is intangible but knowing its intangibility provides the very purpose and value depending on when, how, and what it use too. It can be converted into money which literally bitcoin can be a money.
Bitcoin doesn`t sound only money but given its equivalents makes sense that it can be a money. In accounting, we use to have an account in the statement of financial position the "Cash and cash equivalent" which are assets readily convertible into cash within 90 days (3mos) or money such as coins and currency. If the concept would be used, bitcoin is a cash equivalent which can be readily convertible within 90 days. Thus, I proved that a bitcoin can be made into money and "yes" it is ridiculous to say but given certain events, might sound "MONEY".

[gabum19]

Bitcoin is a true money via internet industry.  And much stronger than the gold, it is because more easier to profit/use and easy to find mining communities.

[vergel24official]

Every bitcoins you have is money. Bitcoin is just like sending a text message, telling address to people and any bitcoin sent to that address are now yours. We need to convert that coins to traditional currency in order to purchase things, pay your bills in your favorite shops.

[Lintel]

I think bitcoin sound money because every bitcoin has a corresponding value in money and the advantage with bitcoin is that its value keeps going up and up.
You can make bitcoin as one of your investments because you could earn more money from it especially if the bitcoin value will continue to rise up.
You could also get bitcoin without even buying some and that is in the form of signature campaign. You will be paid by bitcoin weekly by just posting in this forum.
See you could earn money in the form of bit coin without even investing any money out of you pocket.

yes I do agree that bitcoin sound money because bitcoin can be traded into a real money. bitcoin has a value . it is a cryptocurrency that you can convert it into real money. when  I started doing bitcoin or when I joined bitcoin, autonatically I started earning money. so yes it is for me sounds like money and I look at it as money .

[walemil]

Bitcoin is a digital currency. Bitcoin is sound money because it's been in demand nowadays and popular to investors who really wanted profitable investments. The desire of earning money through digital currency became a sources of income online, and it is a sustainable income for everybody. Price is rising eventually and we cannot stop that even with the media negative new, people's minds will still remain fixed.

[fishball]

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

What everybody knows here is that bitcoin can be used in any transactions like paying bills etc. You can also convert it to become real cash. Investing it is a good thing to do.

[Tremolo]

Bitcoin is money

[JoshuaBlack1]

I think when compared to fiat money we use today, cryptocurrency is definitely sound money. People need to realise currency is just a byproduct of having a secure blockchain. It's probably one of the most organically formed currency's since we were using grains.

[tanginamoo]

Every bitcoins you have is money. Bitcoin is just like sending a text message, telling address to people and any bitcoin sent to that address are now yours. We need to convert that coins to traditional currency in order to purchase things, pay your bills in your favorite shops.

For me, yes Bitcoin sounds money. Yes it is a digital currency and uses as  an investment tool but it will sound money the moment you exchange it as money the money itself.

[carlisle1]

Not just sounds like money,it is money,and currency means money right?but for those who teaches me this forum,yes every time they speak about bitcoin sounds like money,and that subsides my mind ever since,every bitcoin i earn is money for me that helps me in financial aspect.the wealth of my family came from this(ofcourse with my courage and dedication,same as perseverance)now i can say im semi stable in life

[cokkapaga]

Bitcoin is money. Bitcoin is the digital money in the internet.
if do you have of bitcoin you can sell it for fiat money. I think that bitcoin is money and the internet of payment.

[marites]

We all know bitcoin is almost a money.
So if you discuss bitcoin about someone who know very well about bitcoin.For sure they will interested it on the spot.

[megalith07]

Brokers are stating that Btc can't be dealt with as a sound money on account of its exceptionally unstable esteem. This the essential motivation behind why individuals are deciding to swarm and hodl Btc as opposed to spending them. Be that as it may, there are likewise individuals who are spending their Btc. I am likewise spending some from time to time yet exceptionally negligible sum.

[Lorna111]

YES It 's a sound money, the global acceptance is growing. BTC as a digital currency is inevitable,
and most likely, will replace the gold as base capital of the central bank.

[MoonHodler]

it is sound to many merchants, like a currency of a small island.

[Lannie25]

Yes because there is a word " coin" which represents money also;  through this many people can easily define the bitcoin as a currency that can be used in all means of commercial trasactions.

[ace4549]

Yes because it is really a money. From the word "bitcoin" the word "coin" is already stands for money.
For me, Mr. Satoshi Nakamoto named bitcoin perfectly because it can easily connect it from the currency. Eventhough you are still newbie, you can easily recognize it.

[Tias Indriani]

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. Notwithstanding whether I can hold or considered it, to be long as I can use it to buy, pay bills, trade and contribute that will favor of me.

[khitna Postir]

Bitcoin is still in the early stages And in futures we would see Bitcoin replace Fiat and payment processing system. Currently Bitcoin has been serving as a store of values and mode of payment it just that it has not been regulate by any governmental agencies. Bitcoin is a good money and is a good financial system and I do believe that Bitcoin is the future of money.

[biascoin]

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?

No, it is a massive ponzi scheme at the moment. Because it is not working as a currency nor it is better than gold. Cryptocurrencies... who knows, Bitcoin, definitively not.

https://www.cringely.com/2018/01/24/prediction-4-bitcoin-crashes-booms-crashes-booms-2018-traders-figure-not-currency/