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Author Topic: Bitcoin is not Money, is Faith  (Read 870 times)
rosepetals
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December 30, 2017, 02:08:54 AM
 #41

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

Every person have different concepts about bitcoin and no matter how they look at it as a money or a currency for me it does not matter as long as it gives us an opportunity to be financially free someday and depends on the person whose been in this business if a person strive hard to earn well most probably anyone can create the best future and its   not a matter of faith its a matter of hardwork to create money from bitcoins.

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December 30, 2017, 02:28:14 AM
 #42

Bitcoin is a virtual currency therefore its money that dont have physical form, only existing in the internet. We can only apply this "faith" when we invest in bitcoin. By trusting it as an investment who can help you to grow your money. You can believe or call btc whatever you want it doesnt matter, because investors has only one goal and that is to earn with their investment.

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gidaahmad
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December 30, 2017, 02:35:54 AM
 #43

Just like gold and diamonds, Bitcoin is not money. While there are countries that legalize Bitcoin, Bitcoin is still not a valid payment instrument. And of course the currency of a country we prefer more than Bitcoin.
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December 30, 2017, 02:44:17 AM
 #44

Bitcoin is digital currency, not real currency. There is a belief in the people that Bitcoin acts as a currency by not being a real currency. Bitcoin is touching new heights every day due to the belief. Due to the belief the digital currency is the real currency.
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December 30, 2017, 02:49:22 AM
 #45

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

It is faith, and it is money too.. You can still buy a lot of things with bitcoin, and it is the same as altcoins, you can use it everyday to make multiple payments. You have a bad concept about it, obviously
Exactly. Bitcoin is considered as money because it has a value. Although it is not like the paper money we usually used but we can still used it to pay some stuffs at the stores who accepted bitcoin. On the other hand, I believe it is not wrong to have faith in bitcoin but of course we need to do something. We dont have to rely our faith in bitcoin alone but instead we have to work hard to obtain all what we dream of.
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December 30, 2017, 02:51:23 AM
 #46

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

You feel bitcoin like faith? What faith? Faith it will be growing much higher?
When is higher then you sell it or cash out then it is money.
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December 30, 2017, 03:00:10 AM
 #47

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.
Yes , This is big truth .In case fiat we have gaurranty by the reserve bank of the country authority that the currency you have have the value , but here in bitcoin no one will give you gaurranty that it has value , here in bitcoin we have trust with each other that the demand will go easily up and we will like to have it because it has demand and we can sell at that average price at which we bought ( for present situation During buy ).
Here we don't mean that bitcoin is useless but also we should see it like gold , which is available in physical and have value only due to demand only but have no gaurranty like bitcoin .
So the better thing have better demand and bitcoin is better so people are buying it and holding .

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CryptoBry
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December 30, 2017, 03:04:25 AM
 #48

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

You can be right. However, we have to understand that all fiat money is actually also based on faith...faith that the issuer which is the government can continue meeting up its obligation to the nation and the rest of the world. Just look at those countries who became totally bankrupt...what happened is that their fiat money became also worthless.

This is the kind of analogy you have to understand when dealing with cryptocurrency. Everything in here is based on faith whether you are talking about the digital money or the real one. The US dollar is very much based on the faith that the government can continue guaranteeing its value and when that trust is gone the value of the dollar will plummet just like jumping into a cliff or the hair of Trump being blown away (is he wearing a wig?).

Now, keep your faith alive as the salvation is near...
Bitcoinjheta
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December 30, 2017, 03:12:33 AM
 #49

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

You feel bitcoin like faith? What faith? Faith it will be growing much higher?
When is higher then you sell it or cash out then it is money.


As what i understand about your question that bitcoin is not Money, is Faith. Well, for me i considered as both because we are working diligently towards money and of course faith. Each one of as has a faith that someday it will turn into a successful project that will provide as good income.
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December 30, 2017, 03:54:10 AM
 #50

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

Yes Bitcoin is not money or currency, it's a digital asset/tokens or we can say commodity. But still due to characteristics of bitcoin's specifications, bitcoin offer a platform with p2p network to make transaction of such tokens within network and such tokens can be exchanged against fiat currency globally. Now this is advantage that Bitcoins can be mined.


umm , bitcoin is good investment , but we dont know what will happent next , i think make it as faith is exaggerating

Faith in Blockchain and Cryptography, which gives more security and value to these tokens. These tokens have mined with strong proof of work as well as encrypted algorithm which have back up of Proof of Work and Proof of Existence.

So, Just imagine future !
Nerman
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December 30, 2017, 04:00:41 AM
 #51

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

That is to ideal everything is valued by how much its worth. If bitcoins price was $1 will you be interested in bitcoin. People took notice of bitcoin when the price rise and as most of the people i treat my bitcoin as an investment to earn more money.
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December 30, 2017, 04:02:46 AM
 #52

That is an interesting thought. It is the same as "my money is my religion" also I don't think that it's what you're trying to say. Yes there is faith, faith that the price won't go down LOL. Not faith as in religion.

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December 30, 2017, 04:06:27 AM
 #53

My bitcoin 'not money' is paying for my 2 week trip through Japan this ski season.    Cheesy

sent from my X6
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December 30, 2017, 04:12:48 AM
 #54

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.

lol no. bitcoin is a digital currency and it works or acts just like fiats or money or any other currency that can be used to buy and send money therfor bitcoin should be primarily used that way and not on any other things like investing , mining , trading , etc . most people are indeed mis used bitcoin and they are now using it the wrong way. this can also lead to people to be more greedy and not to be contented on what they currently have in their live's.
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December 30, 2017, 04:21:51 AM
 #55

I think we should not value Bitcoin by Money, but by faith. Just hold and let it change the world.
I think so...Bitcoin is just like a platform where you have to keep your trust sincerely, otherwise, you become always confused and worried about this system. but I don't say you to believe blindly, you have to be rational and optimist. I believe Bitcoin has become a better platform for making money and sending money very easily. So that this platform is becoming popular and profitable.
Hopefully, This platform will dominate in the future and it will be a global currency in the coming future.
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December 30, 2017, 04:25:58 AM
 #56

yeah. i agree with you. it is the faith for holding it up. im believed at bitcoin and im wanna change my life so bad. im hope i can be success with bitcoin. this is the hope and my dream to be free financial problem. i will be succeed.
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December 30, 2017, 04:26:57 AM
 #57

No, you're wrong bitcoin is money and you should have faith in that money. Not to the point that you're worshiping the money. Just have faith that it could be the future and it will change the world. That's how it is.
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December 30, 2017, 04:28:01 AM
 #58

It's very reasonable to say. Faith is more valuable than money. I also think that we should let bitcoin change the world and break the world. Let bitcoin play its great potential, change the banking industry, and change the old financial order.
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December 30, 2017, 08:22:53 AM
 #59

Every money is based on faith and belief, and bitcoin is no different. Gold, dollars, stocks: they only have value because we *believe* they do. This is the true secret to money and also why bitcoin will succeed more wildly than anyone understands.
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December 30, 2017, 08:24:08 AM
 #60

Bitcoin is blessing it’s true that bitcoin is not only money but also an asset it can help you in your present and also it can help you in your future so I never seen such a currency in my life because it’s a life changing currency there are a lot of options to earn from bitcoin so here also it make a life easy if you have good knowledge about trade you can trade here but if you have a knowledge about investment so you can invest here.
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