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Topic: Bitcoin is not a currency? (Read 1973 times)

sr. member
Activity: 1148
Merit: 252
April 22, 2018, 04:23:57 AM
Why it is not a currency if you can use it to pay for goods and/or services? It is therefore a currency and the only difference of bitcoin from the real cash is that it's intangible because bitcoin is a currency in digital form.
bitcoin is not a currency, there is no element of money in bitcoin. nature of properties such as real money and unfluctuating prices is the nature of money but it is not in bitcoin.
full member
Activity: 266
Merit: 100
OPEN Platform - Powering Blockchain Acceptance
April 22, 2018, 04:20:32 AM
currency and what.but it unfortunately is not like our usual money so we do not consider it as serious as could assess actually
member
Activity: 532
Merit: 17
April 22, 2018, 04:02:29 AM
I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".

Is he a hater of bitcoin? while other big names appreciate the bitcoin.

Your thoughts?

was it just for gain popularity ? he knows that many peoples start to look for bitcoin.
what if bitcoin in the future is developing greatly and most peoples in the world using bitcoin in their life ?
member
Activity: 294
Merit: 10
W12 – Blockchain protocol
April 21, 2018, 07:37:04 PM
Why it is not a currency if you can use it to pay for goods and/or services? It is therefore a currency and the only difference of bitcoin from the real cash is that it's intangible because bitcoin is a currency in digital form.
member
Activity: 168
Merit: 15
April 21, 2018, 07:34:40 PM
I definitely think that bitcoin is the currency of a new generation, it's just that not everyone is still able to restructure and accept this fact, I believe in a promising future bitcoin and in the future I'm sure that bitcoin will replace the usual money to which we are all accustomed
full member
Activity: 357
Merit: 130
April 21, 2018, 07:29:52 PM
Bitcoin is an alternative currency and payment method. It's better than a fiat currency, a currency that you can trust and be sure that no government can increase the amount anytime when they are lack of money. Indeed it's not so widely used yet but will be in the near future...
Bitcoin is an alternative currency and payment method. It's better than a fiat currency, a currency that you can trust and be sure that no government can increase the amount anytime when they are lack of money. Indeed it's not so widely used yet but will be in the near future...
sr. member
Activity: 1428
Merit: 358
April 21, 2018, 05:43:10 PM
Bitcoin is a currency where people can use it in order to buy their wants and needs but bitcoin is not yet a international currency so there are still people who are not aware to what is it.
full member
Activity: 383
Merit: 100
April 21, 2018, 05:42:37 PM
everyone is entitled to bitcoin whether it is bad or good but I certainly always think positive about bitcoin and bitcoin remain bitcoin which become digital currency which is now being highlighted by society
sr. member
Activity: 490
Merit: 251
April 21, 2018, 05:35:45 PM
Bitcoins was been here for very nearly 10 years and they are as yet existing so they are presently considered as payment? What's more they won't be called as a cryptographic money on the off chance that they are not a cash since they can be trade into genuine cash or specifically purchase items utilizing them and that thing is additionally the thing that a cash can do as such they can be considered as an advanced cash so dont loathe.
newbie
Activity: 66
Merit: 0
April 21, 2018, 05:23:25 PM
although many are comparing with gold in my opinion bitcoin is the digital currency used globally. maybe he does not recognize bitcoin as a whole.
jr. member
Activity: 238
Merit: 1
April 21, 2018, 04:59:58 PM
Ahaha, maybe he just could not buy bitcoin at a low price and so he angrily speaks out about him !? In my opinion, the crypto currency is definitely able to claim the title of currency (but in the future)!
hero member
Activity: 1319
Merit: 593
In #Bitcoin me trust
April 21, 2018, 04:49:31 PM
Bitcoin is an alternative currency and payment method. It's better than a fiat currency, a currency that you can trust and be sure that no government can increase the amount anytime when they are lack of money. Indeed it's not so widely used yet but will be in the near future...
member
Activity: 378
Merit: 11
April 21, 2018, 04:40:46 PM
The Oracle of Omaha (Warren Buffet) May have his reasons, but whatever his reasons may be, he really needs to consider the position of the cryptocurrency revolution and the inroad and wide acceptance the bitcoin is bringing. He should be shown the revolution the acceptance is bringing to countries like Japan, Malaysia, South Korea etc
newbie
Activity: 67
Merit: 0
April 21, 2018, 04:22:47 PM
in simple words bitcoins is not a currency but it is a form of investment which can be converted into cash anytime at the time of need..
newbie
Activity: 69
Merit: 0
April 21, 2018, 04:22:11 PM
If you can buy and sell with it, i think it qualifies as a currency. Only different is BTC is a virtual/online currency.
jr. member
Activity: 84
Merit: 1
April 21, 2018, 04:21:24 PM
The one said that Bitcoin is not a currency and it is a asset. And the benefit of using bitcoin would be to eliminate the hassle of exchanging currencies and clearing the money through banks.
member
Activity: 140
Merit: 13
April 21, 2018, 04:20:50 PM
Bitcoin is both a currency and an asset. Just like gold in the old days but now it's all digital. I don't think bitcoin will be gone in 20 years, it will always be here. There are chances that another coin will surpass it but it will not die.
newbie
Activity: 83
Merit: 0
April 21, 2018, 04:20:21 PM
Crypto just makes digital currency which everyone uses more secure. bitcoin is the cryptocurrency like a virtual type but completely different from physical money. Bitcoin can be used as a digital currency for online transaction whereas.
member
Activity: 331
Merit: 10
StartFi
April 21, 2018, 02:14:31 PM
Bitcoin is a digital money that can be converted to real real money buy selling it out and many people invest on bitcoin in to enable to make more profit and have a great return after a short period of time bitcoin is a real money that can be used to to buy real estate and many more depends on the quantity of the bitcoin.
I don't agree with you my friend, if you do know about trading and joined it before, you'll see that Bitcoin is using at the middle currency of every currencies.
If you want to transfer your NEO to XRP? You have to transfer NEO into BTC or ETH first , then do the BTC to XRP later and that's how it work.
newbie
Activity: 32
Merit: 0
April 21, 2018, 02:02:28 PM
Bitcoin is of-course is a currency, a currency for an online world, now emerged, used for trading, purchasing - selling goods, services etc., in such a world where geographically differences are very big but in an online world it makes the world small.
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