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Topic: Bitcoin is a part of "Digital money" (Read 485 times)

newbie
Activity: 104
Merit: 0
March 30, 2018, 09:22:24 AM
#63
Bitcoin is a valuable coin and I really agree if bitcoin is part of the digital currency. That's because bitcoin can only be accessed through the internet
newbie
Activity: 98
Merit: 0
March 30, 2018, 04:03:04 AM
#62
Therefore, Bitcoin can be called virtual gold rather than electronic money, since it has much in common with precious metal
full member
Activity: 201
Merit: 100
Decentralized Ascending Auctions on Blockchain
March 28, 2018, 02:53:47 PM
#61
I do not think that Bitcoin is totally a kind of Digital money. it is not only used for payment but also used for storing asset, international transaction and it is a kind of investment asset specially
hero member
Activity: 854
Merit: 500
March 28, 2018, 02:16:34 PM
#60
I think this is very true. Bitcoin is a valuable coin. It has a strong influence on the world currency market. In the future, bitcoin can be substituted for cash. Bitcoin is a special currency.
sr. member
Activity: 812
Merit: 250
March 28, 2018, 01:57:21 PM
#59
Bitcoin is one of cryptocurrency which is basically a digital currency. This form of money and its storage is digital.
Bitcoin is a digital money cause it works in internet, and you can transact it only in internet, you can use this for  investing only made in internet. We all know that there is a possibility that bitcoin will become our future currency and I hope it would happen because it is quite convenient because when you pay some bills it doesn't need any effort you can simply say that it is hassle free. Lastly, as of now bitcoin was recognize as digital money but I hope it would become our future money.
legendary
Activity: 2744
Merit: 1708
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March 28, 2018, 01:54:10 PM
#58
Base on my knowledge Bitcoin is not just a part but it is really a digital money. Bitcoin is a decentralized digital money which is free from government and there is no single authority controlled  it. I said digital money because we can use it to buy and pay for goods and services online or as long as there is an internet.


US Dollar, Euro, UK pound etc.. are centralized digital money in cashless society and online shopping

Yes, Bitcoin is a part of digital money but you forget to add that Bitcoin is first decentralized one. Decentralised makes the difference and this unique approach makes Bitcoin different and standing out from existing digital money.

Bitcoin will rise again just HODL.
member
Activity: 266
Merit: 32
March 28, 2018, 01:43:37 PM
#57
That link directs to another forum, I don't understand what you want to explain with that.

Digital money was there long before Bitcoin arrived. Bank-wire transfers is the oldest form on digital payments.
hero member
Activity: 1092
Merit: 523
March 20, 2018, 06:09:25 AM
#56
Bitcoin is a digital currency.  It has a decentralized characterstics for that it has become a digital currency. There is no authority.
Best characteristics for bitcoins are, or you can say cryptocurrencies as a whole, decentralization is amazing. They can never be tracked down by any other person other than miners.

If someone have enough bitcoins in his wallet, others only know he have bitcoins but how much or where, they never get to know. People are loving these incredible coins for so many reasons and only for the reason, bitcoins are king.
member
Activity: 322
Merit: 10
March 19, 2018, 08:32:35 PM
#55
As the description of bitcoin as cryptocurrency ,it is really part of the digital money moving across the internet access , invested and transactions are made as this bitcoin is the medium of exchsnge in the digital world business.
member
Activity: 266
Merit: 32
March 19, 2018, 08:15:51 PM
#54
I think it's more than just a part. It is the beginning of this era of digital money.

25,000,000 people worldwide using Bitcoin is just a part
newbie
Activity: 28
Merit: 0
March 19, 2018, 06:45:40 PM
#53
I think it's more than just a part. It is the beginning of this era of digital money.
sr. member
Activity: 774
Merit: 250
March 19, 2018, 06:33:39 PM
#52
It is a digital money. It is generated through internet access in other words it is a virtual money where we can acquire it online. We cannot touch and see bitcoin. We should do some research to gather more information about it on order to be more knowledgeable on crypto currencies.
Yes no doubt about bitcoin that it is digital money where we can really use it online. Definitely we cannot touch it so likewise not a physical money. Bitcoin become popular to the users because of the good and the opportunity it has and cashless is one of that can attracts to the users.
member
Activity: 266
Merit: 32
March 19, 2018, 06:31:46 PM
#51
It is a digital money. It is generated through internet access in other words it is a virtual money where we can acquire it online. We cannot touch and see bitcoin. We should do some research to gather more information about it on order to be more knowledgeable on crypto currencies.

In cashless society, you cannot see and touch US dollars, Chinese Yuan, Euro, UK pound etc.. Currencies are just numbers.
full member
Activity: 224
Merit: 100
March 19, 2018, 06:28:15 PM
#50
It is a digital money. It is generated through internet access in other words it is a virtual money where we can acquire it online. We cannot touch and see bitcoin. We should do some research to gather more information about it on order to be more knowledgeable on crypto currencies.
member
Activity: 420
Merit: 10
March 19, 2018, 05:02:41 PM
#49
All you need to know about digital money http://www.digitalmoneytalk.com  

It is said now China is a "cashless society" and there seems to be no Bitcoin in China.

Bitcoin is just a part of digital money
[/quote


Bitcoin is a decentralised digital currency. As long as there is an internet, we can use it to exchange goods and services online, it is free from any government regulations as of now and that makes transactions easier and cheaper. No paperwork’s involve to it. I think iwhen it will be regulated then that will be the time ,they will call it money. Money in the future,no more local currencies, that a government  will keep bitcoin with them, enforce people to use bitcoin for their benefiti of using it.

full member
Activity: 952
Merit: 104
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March 19, 2018, 04:43:57 PM
#48
All you need to know about digital money http://www.digitalmoneytalk.com  

It is said now China is a "cashless society" and there seems to be no Bitcoin in China.

Bitcoin is just a part of digital money

Bitcoin is literally a virtual money which is created to be an innovation of cashless society through blockchain. China may be not accepting Bitcoin but there are also other crypto currency circulating in that nation other than Bitcoin alone.
member
Activity: 490
Merit: 11
March 19, 2018, 04:39:03 PM
#47
All you need to know about digital money http://www.digitalmoneytalk.com  

It is said now China is a "cashless society" and there seems to be no Bitcoin in China.

Bitcoin is just a part of digital money

         In cashless society,They use credit or their debit card to purchase items in department store or even in the restaurant for payments of their foods and bitcoin also can be applied on these as part of digital money but in the sense that btc was banned in china, so this will not included even this is also a digital money.
sr. member
Activity: 518
Merit: 257
March 19, 2018, 04:22:59 PM
#46
All you need to know about digital money http://www.digitalmoneytalk.com  

It is said now China is a "cashless society" and there seems to be no Bitcoin in China.

Bitcoin is just a part of digital money

Bitcoin is not just a digital money...specifically speaking it is anonymous digital money. No country will ever want to make their economy anonymous and decentralized(independent), therefore many countries such as China is demoting Bitcoin as Digital payment mode.
full member
Activity: 348
Merit: 100
March 19, 2018, 04:18:04 PM
#45
            Bitcoin is the first cryptocurrency and is still the biggest when you own a Bitcoin it is the collective agreement of every computer on the Bitcoin network. If you want to own a Bitcoin either become a miner or simply buy Bitcoin by spending your fiat currency. To become a miner it will be difficult because you have to spend more for electricity . Both Bitcoin and virtual currency are digital currency both currencies are used to purchase goods and services.
newbie
Activity: 71
Merit: 0
March 19, 2018, 03:23:12 PM
#44
Bitcoin is a digital money but it is decentralized digital money so this will make more profit in future and bitcoin is compare to the real money. bitcoin is a future money in this world because the value or the price of bitcoin is equivalent to real money and the bitcoin is one of digital currency. bitcoin is a digital money can use to transact without a cash.
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