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Topic: Bitcoin is not money - page 4. (Read 11621 times)

legendary
Activity: 2128
Merit: 1775
May 29, 2019, 06:50:24 AM
Who, who says Bitcoin money, no one acknowledges that bitcoin is money,
what is meant by bitcoin is: BITCOIN
What can be said is that Bitcoin is a form to make money when people understand trading and investment systems that is the Bitcoin savior for the general public, poor and rich.
so this Bitcoin is a system that plays with real money every country.
sr. member
Activity: 638
Merit: 300
May 29, 2019, 06:31:51 AM
Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)

Bitcoin is not money but you can convert it into money through exchanges so for me I still consider it as a money as I can use it in paying also my bills.
full member
Activity: 2520
Merit: 214
Eloncoin.org - Mars, here we come!
May 29, 2019, 04:57:37 AM
Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
So when you say artwork then we cannot use to purchase something unless we converted into fiat first?and why it seems that you created an account to create stupid thread?why not just find you way work and have some living than just bullying crypto specially bitcoin
hero member
Activity: 1568
Merit: 544
May 29, 2019, 04:03:45 AM
Bitcoin is more than money its holding asset for me its more value than gold having limited supply i was getting gold for future purpose now i concentrate on collecting bitcoin . Hope in future even 1 Piece ( satoshi) will equal to 1 $.
Even better, you got a share in a asset you can trust without a middleman and under your own control.
sr. member
Activity: 910
Merit: 252
May 29, 2019, 03:59:55 AM
Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
Bitcoin is more than money its holding asset for me its more value than gold having limited supply i was getting gold for future purpose now i concentrate on collecting bitcoin . Hope in future even 1 Piece ( satoshi) will equal to 1 $.
hero member
Activity: 2814
Merit: 576
May 29, 2019, 03:59:41 AM
Money is an accepted means of exchange and measure of value...if we go by this definition, Bitcoin can be evaluated to be called money because it is a means of exchange and most importantly a measure of value. 1BTC is over $8,000☺☺
That's correct, if bitcoin is not money, why people are hoping its value will increase?
Further, the fact that we are investing on it, that would determine it has a monetary value which we like to see higher in the long run, so we can take profit. There are also articles that are saying money or fiat will be replace in the future by crypto, and I think there's a slim possibility.
legendary
Activity: 2912
Merit: 1068
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May 29, 2019, 03:36:04 AM
Bitcoin is not fornaly recgonized and legaly regulated as money or to be more precise as currency. Still that doesn't stop it to function as a payment method so many people, including me, use Bitcoin for buying different goods and services. So although is not formaly included in financial and monetary system of any country Bitcoin is still used as money.
newbie
Activity: 26
Merit: 0
May 29, 2019, 02:30:17 AM
Money is an accepted means of exchange and measure of value...if we go by this definition, Bitcoin can be evaluated to be called money because it is a means of exchange and most importantly a measure of value. 1BTC is over $8,000☺☺
newbie
Activity: 59
Merit: 0
May 29, 2019, 02:24:00 AM
I think you need to know how bitcoin works so you can recognize it is currency and money.
most people can speculate here that bitcoin is your money for you, which can be used as money right.
Yes, I agree. You can also buy a lot of things using BTC or pay for some services with it. I think that's one of characteristics of money. I believe that cryptocurrencies will displace physical ones, but for now - it's still a distant future.
newbie
Activity: 14
Merit: 0
May 29, 2019, 01:37:30 AM
I think you need to know how bitcoin works so you can recognize it is currency and money.
most people can speculate here that bitcoin is your money for you, which can be used as money right.
sr. member
Activity: 854
Merit: 252
May 29, 2019, 12:02:16 AM
Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)

Honestly, literally and physically Bitcoin is not a real money,  if you are going to compare it into fiat currency.
but in terms of digital currency assets, for me it is money. Why? Do you know how much each bitcoin now? according to
https://coinmarketcap.com/currencies/bitcoin/ it is 8661$ each bitcoin, and it can be up or down in an hour due to its volatility.
Also, if bitcoin is not a money for sure bitcoin won't stand for 1 decade and no value now in the market and it is not exist
anymore. But that's not what happened so far, instead many whale investors and big companies adopted it and embraced the
potentiality and uniqueness of bitcoin.
member
Activity: 742
Merit: 21
Be the reason someone smiles today
May 28, 2019, 11:57:41 PM
I know it seems like silly little internet money, but I believe in the technology. Not trying to sound crazy. It is an investment and can hit ZERO, but I seriously doubt it. Been riding the wave for 5+ years. It started with gambling with it, but then I bought a bunch and HODLed...
member
Activity: 714
Merit: 14
May 28, 2019, 11:12:42 PM
Bitcoin goes beyond mere money because its utlization is broad and cuts across various aspects in life. It has become the standard of measurement for most cryptocurrency on the market which makes it a global spectacle. Bitcoin is seen by others as currency, whereas others see it as an investment opportunity. Some also see it as an asset. What matters most is that the ability for it to fulfil what the user intends to utilize it for.
jr. member
Activity: 504
Merit: 5
May 28, 2019, 08:26:55 PM
Bitcoin and money has the same qualities that is for transaction purposes though Bitcoin is decentralized while other fiat currencies are centralized. Bitcoin play a good role for investment purposes. Above all Bitcoin is money because we can you it to buy anything of our choice both online and offline despite the fact its not generally acceptable like other paper currencies.
newbie
Activity: 1
Merit: 0
May 28, 2019, 07:02:57 PM

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full member
Activity: 1316
Merit: 126
May 28, 2019, 06:56:00 PM
Bitcoin is still equal to money because you can exchange it to the accepted currency to buy things. Bitcoin is not a real money that you can use to easily buy things but it is a source of money. I think the only person who will say that it is not money are those who don't really know what bitcoin is.
member
Activity: 187
Merit: 45
May 28, 2019, 12:42:27 PM
According to the Italian Revenue Agency, which deals with state finance, Bitcoin qualifies as a foreign currency (Interpello 956-39 / 2018).
Italy is not the only country to treat Bitcoin as a currency, there are already dozens of other states that have legally affirmed it.
legendary
Activity: 1274
Merit: 1004
May 28, 2019, 09:10:37 AM
Yeah, it is not actually money and so does bank notes. those are just papers with some contract printed on them and guess what banks can print those papers whenever they want but we do not generate as much internet tokens we can it is limited in the system. So with bitcoin, you can use it in exchange for money no matter if it is money or not.
Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)

Semantics... We are using "real" money to purchase chains of numbers. Its Math! (Or is Art Math? Math is Art?)
Its Math Money Lol
jr. member
Activity: 462
Merit: 1
May 28, 2019, 08:14:43 AM
Bitcoin is a work of art, a program, money, investments and everything that people think of to do with it. Cryptocurrency is a universal invention not only in the financial world.
newbie
Activity: 2
Merit: 0
May 28, 2019, 01:44:40 AM
So what's your definition of money, Op? Do you know the purpose why Satoshi made BTC?
He made it to be used as a mode of payment to make things more convenient.
It's only digital but it's still considered as money because it has a value and it plays a vital role in our lives now.
bitcoin
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