Topic: Bitcoin is not a currency? - page 13. (Read 1994 times)

Bitcoin is a digital currency that we can use it as mode of payment o buy goods and services in stores or online stores. Bitcoin is widely known by many people around the world. Bitcoin can really change our lives to better if Bitcoin has good performance in the market. So we better to invest now because the price is still low and then just hold until you have reached the desired income.

People treat bitcoin differently.Some are supporters of cryptocurrencies others are categorically against. And still others take a neutral stance.Everyone has the right to have an opinion.But if you really assess the situation, we will see that bitcoin can not be called a full-fledged currency that we used to use every day.Bitcoin does not have a permanent exchange rate. Therefore, it cannot be a means of preserving capital. It is not a means of exchange and is not a monetary unit.Bitcoin does not meet all these criteria, but only some of them.This does not mean that bitcoin has no future. On the contrary, it becomes the most popular asset class. And in the future it will be widely distributed.

For some country bitcoin is not yet currency because they dont appreciate bitcoin yet but for those who make bitcoin as their other way of saving, invest and even mining money then you can call it cryptocurrency or in other words its a digital currency which is different form the fiat money which can be hold by hand. Also bitcoin is a coin itself and how can you say that its not a currency?.

i agree majority of people buys bitcoin because they mainly use it as an investment rather than a currency. but keep in mind that bitcoin is still  a digital currency and the main purpose on why it was built is to be an alternative payment medium next to fiats. so , thats why we should primarily used our bitcoin as a currency more over than a asset. However we can also use our bitcoin in both ways in order to utilize its effectiveness more effeciently.

Bitcoin is a currency because you can buy and sell with it which qualifies it as a currency but it also doubles as an asset which you can invest in and make money from because it is volatile and prices fluctuate so you can make so much money from it. But if you are worried about it's eligibility as a currency then don't be, it is as much of a currency as any fiat currency.

Each and every individual has their own opinion with regards to bitcoin. Some of them like it and some of them are not sure about it. It is depends on how deep the knowledge he has. Bitcoin is already being used as payment for goods and services and is now a medium of exchange but still limitations is there compare to fiat. But at this moment it is more considered as a new way for investment.

bitcoin now is not already a currency but bitcoin has a big chance to be a new currency for all country because bitcoin can use by any people without any differences. bitcoin can be a bridge between our real life and online life so we can use one new currency which can connect our life with easier. besides that, bitcoin has many followers which still support bitcoin and the other coins and bitcoin can be work as a new investment for the people.

I think so. Bitcoin in my opinion is just a market so that we can invest and make a profit from investing in it, also say bitcoin is a currency I think is not right.

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Maybe Warren Buffet do not consider bitcoin as a currency, but we should not rely on anybody's choice of opinion. We have the right to choose our opinion.

I don't agree. Because we all know that bitcoin is calle "Decentalized CURRENCY" that the difference is we used it in some online transactions. I know that bitcoin is also differeny frome the miney we used today yet I believe that we may consider bitcoin as currency but in different type because physical money is the one we used in everyday while bitcoin is online use.

I might just say this time yet, but we'll see the next few years when 21 million bitcoins have been discovered and see that how bitcoin works better than currency

Bitcoin is not a complete currency. It's a virtual money,Which helps people economically. bitcoin is a valuable asset for everyone .

I think bitcoin is a currency. But this is a currency that is not fixed because there is a rise, sometimes a decrease. This currency depends on the player psychology and the dynamics of the economy. It is like stock, it also has a trading floor and its value also depends on the trading platform.

Although bitcoin is digital but this is still consider as currency

Bitcoin is all about the users self interest and completely depends upon the users preference. When it is comes to currency a physical backing is a must and in particular bitcoin doesn't have a physical backing. It is completely backed by technology and this makes bitcoin an asset and the usage similar to physical fiat makes it a currency.

We can say that bitcoin is not a currency. It is an assets.
But as it is trending day by day we hope it is going to be one currency all over the world in coming days.

In my own opinion about, The arguments in bitcoin is a currency or not maybe it depend on individuals are using bitcoin.But in the real world bitcoin is not a currency right now because we didnt recognized by the central bank as reserve currency in the future.we have our present currency we cannot use two currency in one county.If you have bitcoin you can convert it first into our real currency for buying anything in the store.

truly needless to say as indicated by some individuals bitcoin as a cash nonetheless I concur with what he aforementioned. i believe bitcoin is associate degree instrument that utilizations blockchain innovation with a virtual frame thus visible of its benefits as a strategies for money exchange or obtain altcoin various people decision it as cash.

He is just the same with any individual that stating his opinion about bitcoin and about cryptos, but it was his point of view and that's his own thoughts...
As for us, we are hoping that one day Bitcoin will be a global currency...because that our opinion.