Bitcoin Is Not Really A Good Money

[ekans45]

Well i can say that bitcoin is a good money because of the price increase is not stable but only good for internet transaction not for local transaction because its always need internet before you can send bitcoin to the receiver.. its just like a gold or sliver but the demand is really fast and the movement of the price is really increasing fast unlike gold even its in demand the price is not really increasing fast..
Bitcoin is a good thing online that you can use to buy soemthing and pay for less fee for paying transactions. i don't think that bitcoin is not a good money but there are many people are getting benefits in bitcoin..

In most of the people bitcoin is a good form of money because it somehow represent the future of currency or the future money. So the best thing to do is to trust bitcoin because there is much more room for bitcoin development and growth.

[supandi wiharja]

I think bitcoin really is a promising digital currency, its price keeps rising beyond the gold price because i think bitcoin is very practical for people who use this digital money.
In addition, the bitcoin stock from the center has been thinned and many people are looking for it, this will make the bitcoin price higher over time as the bitcoin scarcity becomes a big factor in increasing the bitcoin value.

[Casdinyard]

I will only say that bitcoin is not a good money when it has no value anymore. How can you say that bitcoin is not good  money if some people are earning it and holding it.  As long as bitcoin has value it will always be a good money.

I dont understand why there are people saying that bitcoin is dying and bitcoin will be worthless. Maybe they had a bad experience or just trolling and spreading some fud.
Yeah you're right we can say that btc is not a good money if its lose its value. But the reality is we are experiencing an all time high so the community are all happy with the unexpected increase and all are hoping that our christmas will be more happier when it hits $5000.

[Altero]

Your are wrong if you think that bitcoin is not a good money. Bitcoin is a new generation of currencies used in internet worldwide, a lot of investors and traders that could benefit this. They believe that bitcoin could bring them for a great and  good investment in the future and they can generate big profit from here.
I know that bitcoin can make a lot of changes in everyone's life, and most bitcoiners can generate income from here. And probably this could be a good money for us in the future.

[Michhotdog]

Bitcoin is good money that changes the lives of many people for the better and I do not understand why many people say bitcoin is bad. Of course someone can use it for bad purposes, but it can be done with any other currency.

[Fulmand]

Seen in general indeed is not good money, and it is still not really official around the world, but after many peoples who proved that bitcoin can boost finance, i think bitcoin is one of the good ways used to earn money and give many opportunities for many people to earn money and reduce unemployment which without job anymore on their life. So bitcoin can be said a good money to everyone i guess.

I disagree that bitcoin is not really a good money. Well in fact you are very right, many people we're helped financially by bitcoin. Not directly helped like just giving bitcoin to random people but because bitcoin is a way to different online jobs and online stores, and also you can advertise your business with the use of bitcoin.

[MiF]

Bitcoin is not really money but bitcoin is better than money in terms of usefulness and in many countries there are many who accept payments using bitcoin, so we do not need to exchange money, just we use bitcoin

Bitcoin help us to address all of our financial needs so i considered this is a money too.If money can buy almost everything now so same as bitcoin too. It just happen that paper money is become the first to be recognized but it will be the same for bitcoin soon. If someday that bitcoin will no more value that it cannot be use to purchase anything anymore then that is the time that i will declared bitcoin is not just not really a good money but it is not a money.

[cotton ball]

Bitcoin is not really money but bitcoin is better than money in terms of usefulness and in many countries there are many who accept payments using bitcoin, so we do not need to exchange money, just we use bitcoin

Bitcoin help us to address all of our financial needs so i considered this is a money too.If money can buy almost everything now so same as bitcoin too. It just happen that paper money is become the first to be recognized but it will be the same for bitcoin soon. If someday that bitcoin will no more value that it cannot be use to purchase anything anymore then that is the time that i will declared bitcoin is not just not really a good money but it is not a money.

But still it cannot be used for offline transactions, while few people believe in electronic transactions, they are still afraid of online account hacking problems and so on, I think bitcoin is not as perfect as fiat, but in terms of assets I still agree with your perspective.

[Shimeka30]

How that bitcoin is not a money, it may not be a physical one but it can be convert into a real cash/money whatever country you belong. This shows that bitcoin has a store of value, you better think of that mate.

[Yatsan]

Bitcoin is good money that changes the lives of many people for the better and I do not understand why many people say bitcoin is bad. Of course someone can use it for bad purposes, but it can be done with any other currency.

Precisely, The bitcoin is a very good way of investment just like other currency and the bitcoin is also a way of making money to other people that is broke and can do freelance job. Many people now have skills but cannot use it but here in the forum you can earn bitcoin by doing a certain task and as you can see the salary for every job is very high so I highly suggest bitcoin is a very good way for making money.

[Kiweikoo]

Well i can say that bitcoin is a good money because of the price increase is not stable but only good for internet transaction not for local transaction because its always need internet before you can send bitcoin to the receiver.. its just like a gold or sliver but the demand is really fast and the movement of the price is really increasing fast unlike gold even its in demand the price is not really increasing fast..
Bitcoin is a good thing online that you can use to buy soemthing and pay for less fee for paying transactions. i don't think that bitcoin is not a good money but there are many people are getting benefits in bitcoin..

In most of the people bitcoin is a good form of money because it somehow represent the future of currency or the future money. So the best thing to do is to trust bitcoin because there is much more room for bitcoin development and growth.

Saying this that Bitcoin is not a good money will something unjust. The way Bitcoin has changed the life of so many of its investors, and the way number of investors investing is increasing with each passing day, we can hardly blame Bitcoin not to be a good money.

[omonuyak]

Though bitcoin has it limitations and I know thewe is no any human system that is perfect! Bitcoin is far better than gold and silver to me in term of governments, central banks, politicians and elite control. Some of us here who has benefiting from bitcoin and blockchain technology ,really can see the difference. Bitcoin is decentralized and it doesn't discriminate unlike others form of money.

[wowanstrong]

Any currency in itself can not be good or bad, it all depends on how people use it. Bitcoin is a modern currency and it provides an opportunity to earn to everyone, I think it's very good.

[Pettuh4]

Any currency in itself can not be good or bad, it all depends on how people use it. Bitcoin is a modern currency and it provides an opportunity to earn to everyone, I think it's very good.

Precisely, it depends on the individual usage of the currency and how it is controlled on the market. If the currency is centralized then there are many problems with control etc. but a decentralized currency only depends on how people use it either for good or bad. To me Bitcoin is good money and it has supported me in sending funds globally.

[malboroman]

Bitcoin is a modern currency of the future and good money. Perhaps he has some minor shortcomings in the form of high fees, but they will be covered by a rapid price increase that will make many people rich.

Why you believe only in bitcoin? Why not eth or any other currency with better infra and transactions speed?

[rodskee]

Any currency in itself can not be good or bad, it all depends on how people use it. Bitcoin is a modern currency and it provides an opportunity to earn to everyone, I think it's very good.

i agree with you mate all currrency have own identity, bitcoin is giving the opportunity to us like the unemployed bitcoin give a decent job using the decentralized cryptocurrency, bitcoin gives hopes to get the dreams in life of everyone here in the bitcoin industries. i'm very thankful bieng the part of bitcoin.

[coinplus]

I will only say that bitcoin is not a good money when it has no value anymore. How can you say that bitcoin is not good  money if some people are earning it and holding it.  As long as bitcoin has value it will always be a good money.

I dont understand why there are people saying that bitcoin is dying and bitcoin will be worthless. Maybe they had a bad experience or just trolling and spreading some fud.
Yeah you're right we can say that btc is not a good money if its lose its value. But the reality is we are experiencing an all time high so the community are all happy with the unexpected increase and all are hoping that our christmas will be more happier when it hits $5000.

I am agreeing with this statement as it reveals the most common cause of why people are roaming about the bad bitcoin is. When someone don’t get anything good form anything, people make that thing, something really bad bitcoin will be the promising money in upcoming years.

[BobK71]

The price growth of bitcoin is inevitable, but that is a good quality only for the owners of the coins. Such a high price may deter potential users. Who can afford to buy bitcoins at $ 4,500? But if you're new to bitcoin? For the successful development of a bitcoin needs to exist a labour market with payment in bitcoins. The more people have bitcoins the faster to develop the crypto economy.

I see what you mean with regard to Bitcoin needing to be part of the payment system.

But remember, even during the 'stable' period of the gold standard, only a small number of countries (e.g. UK, US) could afford to have both gold and paper money circulating at the same time.  Gold served mainly as a store of value, and I think the elites are envisioning the same role for Bitcoin and other cryptos.

[btcjocan]

The price growth of bitcoin is inevitable, but that is a good quality only for the owners of the coins. Such a high price may deter potential users. Who can afford to buy bitcoins at $ 4,500? But if you're new to bitcoin? For the successful development of a bitcoin needs to exist a labour market with payment in bitcoins. The more people have bitcoins the faster to develop the crypto economy.

I see what you mean with regard to Bitcoin needing to be part of the payment system.

But remember, even during the 'stable' period of the gold standard, only a small number of countries (e.g. UK, US) could afford to have both gold and paper money circulating at the same time.  Gold served mainly as a store of value, and I think the elites are envisioning the same role for Bitcoin and other cryptos.

Yeah it's almost the same strategies mate, same roles have been applied here and demand is the most certain about bitcoin investments. Greater demand can make us profitable with bitcoins in the future of our holding if we are investing at a good value. So far other investors find it hard waiting for a good price since they're buying bitcoin at it's current price which very expensive, but even though it's a volatile currency, there's that opportunity of gaining it's price even better or be tripled of it's current value right now.

[shezu007]

3-4 years ago bitcoin transaction fee was nice so i was sending money with bitcoin. not its around 2-3$ so its same as local banks. So why do i need to send money using bitcoin?
Then is started to use alt coins but there is a big problem here on local bitcoin exchanges altcoins not supported. So now its a good choice to send money with local banks.

It is not about fees it is about values too because if bitcoin is increased then the transaction would be upgrade too because we know that bitcoin is increasing on daily based so the transaction would be update it too so we need to explain that situation to people that if you are earning high income why should we discuss the transaction fees too?