Post
Topic
Board Beginners & Help
Re: What is Sound Money?
by
jseverson
on 10/05/2018, 06:25:54 UTC
In my studies, I have discerned that Sound Money means all I have to do is save it and I gain, if I intelligently trade it I can win.

Because sound money is defined simply as stable, you're unlikely to gain just by saving because you normally have to account for inflation. "Healthy" inflation amounts to just about 2% annually, so you'll probably lose that much if you just hoard sound money.

Bitcoin isn't sound money by definition, but it's awfully close to what you've described. Hold it and it grows in value, and if you can predict price movements and trade properly, you can make it grow even faster.