Author Topic: Bitcoin: Has No Fixed Value, Is It Money?  (Read 5550 times)

MoneyBags

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Bitcoin: Has No Fixed Value, Is It Money?
« on: April 18, 2013, 11:17:27 PM »
The basic reason: it has no fixed value. It trades like a stock or commodity. In recent days it has been crashing after a spectacular rise in terms of dollars. Such volatility makes it useless as a means to do transactions. Money has only one purpose–it makes doing transactions, that is buying and selling products and services and securities, infinitely easier than barter. All the other purposes of money flow from this basic function.

Money is most optimal when it is fixed in value just as commerce is facilitated when we have fixed weights and measures. When you buy a pound of hamburger you expect to get 16 ounces of meat. An hour has 60 minutes. A mile has 5280 feet. These measurements don’t “float.”
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

mayrick

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Re: Bitcoin: Has No Fixed Value, Is It Money?
« Reply #1 on: April 26, 2013, 06:17:09 PM »
HI MoneyBags,

Money still fluctuates in value when you're on the gold standard. It just fluctuates in lockstep with the fluctuations in the value of gold. This means that it's unlikely to steadily decrease in value, but it doesn't mean it stops fluctuating.
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

queshadesta

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Re: Bitcoin: Has No Fixed Value, Is It Money?
« Reply #2 on: May 04, 2013, 08:38:56 PM »
When I saw the account at Commerzbank in Germany, I was surprised because I know the bank and the German government and I do not think they understand Bitcoin. :D
« Last Edit: January 01, 1970, 01:00:00 AM by Guest »

andyreynolds

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Bitcoin: Has No Fixed Value, Is It Money?
« Reply #3 on: August 26, 2013, 09:30:19 PM »
Yeah, i think that we have to see the bitcoin or any kind of digital coin from another kind of view, but at the end a digital coin it's real money.

andyreynolds

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Re: Bitcoin: Has No Fixed Value, Is It Money?
« Reply #4 on: September 03, 2013, 04:17:39 PM »
This is the future... digital currency or e-money is real... there are people who dont trust in that but they should understand that the security that offers this

andyreynolds

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Re: Bitcoin: Has No Fixed Value, Is It Money?
« Reply #5 on: September 04, 2013, 09:53:17 PM »
The digital currency or e-money, is the bussiness of today and tomorrow that offers comfort and a lot of features

andyreynolds

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Re: Bitcoin: Has No Fixed Value, Is It Money?
« Reply #6 on: September 05, 2013, 05:07:11 PM »
Features like sell online, ewallet, coud be offers by this new software of swiftcoin, exellent platform

andyreynolds

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Re: Bitcoin: Has No Fixed Value, Is It Money?
« Reply #7 on: September 10, 2013, 01:41:19 AM »
obvoiusly bitcoin is an e-currency, there are things to impprove but it give confidence in the features that it offers

mayrick

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Re: Bitcoin: Has No Fixed Value, Is It Money?
« Reply #8 on: September 19, 2013, 12:00:10 AM »
It has a lot of topics to change to be better, but it is a strong e-currency.

mayrick

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Re: Bitcoin: Has No Fixed Value, Is It Money?
« Reply #9 on: September 28, 2013, 02:59:14 AM »
Well, I like Bitcoin and it is very handy and useful. I definitely prefer this way of trade.