Topic: Bitcoin is not money - page 5. (Read 11621 times)

Indeed, they've got the same functions if being use in the right channels, both can be use for transactions but in the other side the concept
of having physical preference is not applicable with crypto/bitcoin, but the usage can act simultaneously.

Bitcoin is not money but can be used like money as an alternative payment for transactions with fellow bitcoins, and bitcoin can also make money by exchanging bitcoin with real money to be able to make purchases at all traders in general.
both are profitable and function as payments or transactions.

Whatever the hell bitcoin is I am loving it. Who the hell cares about your FUD campaign.


Don't get the wrong idea get some facts instead being a medium of exchange itself is a primary  feature of a money therefore both currency  can be considered as money. You are referring to fiat which is a paper bills or coins and not money itself. Considering the definition of money both Fiat and Crypto are qualified having different categories

So if you say that then fiat is just the same piece of artwork. But not limited though and people exchange those paper that has the same fabric but only has different value because the value designs.  Bitcoin is so much better to be recognized than money because of its complexity and innovative use and it's time to forget the fiat.

bitcoin is not money and money is not bitcoin.
both are currency and has value and can be used as a medium of exchange. bitcoin can be likened into a cheque which has the value that can stand to purchase item but may not be generally acceptable. that is it. bitcoin cannot directly be used for petty trading but money can be used.

yup, people's perspectives are different. But the fact that I got that bitcoin is really not money but bitcoin is a currency. Money is a medium of exchange whose shape can be seen while the currency is a means of payment / exchange instruments such as usd, sgd, etc.
People can collect money as a work of art but they cannot collect money, so what is your point of view about this?

Thats art? all art is valuable, so thats why bitcoin has value and price. More worse is on fiat, they have unlimited supply, they can print as much money as they want and that can make their currency worthless. which one is better fiat or bitcoin in terms of money?

everything you can use to buy things has to be counted as money, what else would you call it if not money. Ofc some people use it as a investment but so do they with "real" money but we still call that money dont we?

Paper money is just a paper. It's no more than a paper which the citizens are forced by government to accept it as medium of exchange. Although its has value because it used by people as medium of exchange but government sometimes print it in excess then makes the value decrease. Money can be created by anything, the important thing is the money can become good store of value and ease people to do transaction. People in the past exchange their gold for paper money/banknotes because paper money/banknotes is easier to use. Now there is a currency that better than paper money which is  cryptocyrrency. The best cryptocurrency is bitcoin, let say we always move from old way to the new one. So it will be a wise decision if we use bitcoin rather than fiat money.

it could be the main important point of bitcoin, as a pioneer of digital currency that is very well known in the world, and currently bitcoin still influences other digital currencies.

It is a work of art with a lot of value and that value is in money, whose price can be obtained a lot if it is handled in the way it is currently, since it is in an area of ​​accumulation, where the ideal is to buy.

Many bitcoin enthusiasts defend a lot for the blockchain technology that they carry out, which is great and can continue to be expanded, bringing much development to improve processes, in fact in larger companies they are evaluating the way in which blockchain can improve processes.

By improving processes they do it more quickly and it is 100% reliable because it is incorruptible, and this makes the processes transparent, on that part if it looks like a work of art, and they are 21million but can be already less, because you have to take account those bitcoins that have been lost, this makes their value is aggravated much more because the supply becomes smaller. So in all the sense of the word is a work of art with an incalculable value that can oscillate with different prices according to the stage of the market that is living.

It is necessary to emphasize that not only speculators, investors and enthusiasts defend the bitcoin, there are many people who day by day continue to add to the fever that makes bitcoin awaken, and this results in many investors as is happening right now in the market continue to invest in bitcoin.

I recall the billionaire Mark Cuban has compared bitcoin to collectibles given its built-in scarcity. So I do not necessarily oppose the perception that it is a form of art - bitcoin is an idea, a philosophy, a creative work in the form of a whitepaper and code. But all of this does not mean bitcoin is not money. Bitcoin can be different things to different people.

By and large, Yes bitcoin is a work of intellectual art.But still I can argue with You about the fact that bitcoin still plays the role of money as well as other very interesting functions.

Double the money? I mean there are a lot of times that Bitcoin made that possible but not all of the time. Being positive is not a bad thing but we should not always say that since most of the people thought that BTC can actually double your coin instantly not knowing how volatile it is and what are the risks in investing in this crypto currency.

It's not money but a currency which is used for online transactions like gambling and online shops. I don't know what's your point on this but I guess you got the wrong idea.

Bitcoin as Money, You can exchange bitcoin into product what you want, bicycle, car, house, property, goods and anything. Online store around the world should be exchange your bitcoin. same like fiat, bitcoin have value and have limited suply different as fiat.

Well, bitcoin is not money, but bitcoin is a digital coin as an investment opportunity that can make double the money even many times, but if bitcoin is not used well then it might not benefit at all.

No wonder this account is a newbie account because you don't know what you are talking about and I see you don't even know kind of platform you are posting this on. Just go back home and study your books and come clearify yourself buddy.

The fact that bitcoin can be used to pay for products and services makes it a type of money. If we say bitcoin is not money, the whole idea of replacing fiat with bitcoin becomes defeated.

How did you come up with this?

Money don't have limited value and zimbabwean dollars were a good example. They were inflating until people had to carry around a hundred million dollar bills and they were still struggling to buy groceries. You can't predict the future value of a currency. It has a limited value but only here and now.