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Topic: Bitcoin is not a currency? - page 22. (Read 1994 times)

full member
Activity: 409
Merit: 100
January 11, 2018, 01:19:41 AM
How can they proved that bitcoin is not currency if the uses of bitcoin is lighter than the sunlight that bitcoin is like money that we can use as payment like what other currency can do. I hope that the person who don't believe in bitcoin will awaken their life on how bitcoin change their life.
hero member
Activity: 1610
Merit: 507
January 11, 2018, 01:08:57 AM
I think he is a hater of bitcoin who don't like bitcoin.His statements doesn't matter when the fact is that bitcoin is getting stronger day by day and is rising really high

I guess he has a bad experience in bitcoin or he already sold his bitcoin for a long time ago so now he don't have any bitcoin at all and he only say that bitcoin cannot survive for a long time. because if he has bitcoin and he realize that bitcoin still need a development to be a new currency, then he will not say like that and he will give a good advice to new people. I hope that he realize about this and he could learn more about bitcoin.
member
Activity: 112
Merit: 10
January 10, 2018, 10:31:03 PM
Bitcoin is internet money, it can also be called virtual currency. Computer Internet By trading it is obtained by trading. The most important thing is that
easily anywhere in the world Can be taken in your wallet and buy anything you need.

I agee that Bitcoin is a virtual currency.The prof that we can buy and trade online anywhere in the world that you dont have to bring cash.
copper member
Activity: 406
Merit: 0
January 10, 2018, 10:00:01 PM
Bitcoin is internet money, it can also be called virtual currency. Computer Internet By trading it is obtained by trading. The most important thing is that
easily anywhere in the world Can be taken in your wallet and buy anything you need.
full member
Activity: 182
Merit: 102
January 10, 2018, 09:50:52 PM
Maybe he didn’t consider bitcoin as currency because it is not use and doesn’t know by some people who don’t use internet. But bitcoin is a digital currency since it can be used as medium of exchange or mode of payment by many people of many countries.
jr. member
Activity: 118
Merit: 2
January 10, 2018, 09:40:46 PM
I think bitcoin is not like a currency. It is like a precious asset. Since btc is currently too high, you can not use it to pay a small amount
newbie
Activity: 16
Merit: 0
January 10, 2018, 09:35:21 PM
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?

A currency is what is accepted as a currency by enough number of people. It's not like the US Dollars or any other nation's currency has any 'intrinsic' value, they are just pieces of paper stamped by the governments as well. The intrinsic value of a currency is always brought on by the economic value generated by the people who are exchanging the currency as a mode of payment and not by the currency itself.

Warren is a smart man, definitely a lot smarter and wiser than me, but anyone needs to put in the time to understand and contemplate before they go about making statements.
newbie
Activity: 113
Merit: 0
January 10, 2018, 09:28:06 PM
I think he is a hater of bitcoin who don't like bitcoin.His statements doesn't matter when the fact is that bitcoin is getting stronger day by day and is rising really high
full member
Activity: 532
Merit: 100
January 10, 2018, 09:22:22 PM
bitcoin can use to buy things you want so it can be consider as currency. bitcoin is digital and fiat is physical and gold too, as long as it is accepted for exchange by the people it can be consider as currency.
member
Activity: 98
Merit: 10
January 10, 2018, 09:18:30 PM
On my own point of view I think bitcoin is really an internet or digital currency that exist.Bitcoin is now popular to many countries and right bitcoin is being used by many people as an asset in trading.
newbie
Activity: 10
Merit: 0
January 10, 2018, 09:14:18 PM
BTC buy all... so BTC is a currency.
newbie
Activity: 25
Merit: 0
January 10, 2018, 09:09:41 PM
Who told you that ? Of course it is , maybe not officially yet but it is the matter of the time. Look what is happening in Japan Smiley
sr. member
Activity: 602
Merit: 252
January 10, 2018, 09:08:38 PM
Bitcoin is a digital currency and has become popular in all countries, and this will continue to grow over time.
It's is the one that has been created for different cause, but in between due to the growth it attained got multiple usage. Among them one is the usage as a currency. We cannot deny it is not a currency. Maybe this doesn't have the legal acceptance around the globe as we have acceptance for USD or some other local currencies.
legendary
Activity: 1110
Merit: 1000
January 10, 2018, 09:06:57 PM
If we stick to what currency means, Bitcoin literally not qualified as a currency since not all people are aware how to use it and it has limited merchant accepting Bitcoin as payment but still if you look how bitcoin uses it same as currency of any other country the difference is that Bitcoin exist virtually with physical value if change to any other currency
Yes bitcoin maybe cannot be a literal currency that exists but as what we other called on it, bitcoin is somewhat a digital currency that exists. And maybe some of them told that it is not a literal currency because bitcoin is not yet accepted in the country's all over the world as a legal matters, but for me though it may seem to some people as illegal matters I really don't care about what they are thinking of.
full member
Activity: 490
Merit: 100
January 10, 2018, 09:05:53 PM
i agree with him, bitcoin is not good enough to be called a currency because bitcoin rightnow is still being used as an asset to trade, not a currency to be used in daily life due to high transactions fee that makes us dont want to use it in day to day life.
full member
Activity: 476
Merit: 100
January 10, 2018, 08:45:13 PM
Bitcoin is a digital currency and has become popular in all countries, and this will continue to grow over time.
copper member
Activity: 658
Merit: 284
January 10, 2018, 08:43:12 PM
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?
Well, Mr. Buffett is a very man and you know how hard it is for the old people to appreciate changes. Old people don't accept changes and new things no matter how good they are because they are outdated. I see no reason for people to be even talking about the opinion of an old guy.
full member
Activity: 276
Merit: 100
January 10, 2018, 08:34:53 PM
Bitcoin is a digital currency that is being used in trading and online transactions.
member
Activity: 73
Merit: 51
January 10, 2018, 06:28:13 PM
Not that the IRS is any kind of authority on the subject as a whole, but they have declared cryptocurrency to be property, not a currency. Different countries have been treating it different ways.
member
Activity: 164
Merit: 10
January 10, 2018, 06:13:24 PM
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?

Maybe you are right that he is just a hater of Bitcoin. Yes, people see and use Bitcoin as an investment vehicle. But, still, they somehow use it as a currency. Bitcoin being a currency is very helpful that is why there are still people using it because of this despite being more like an asset. Do not just believe on something you just saw.
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