Btc not money - page 4. | Bitcointalksearch.org

Esther C

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Quote from: 325btc on August 13, 2022, 04:16:42 PM

Btc is not money stop following your country rules and regulations u cant regulate something what doesnt exist.
Btc are digital the money is only when you sell or buy if fiat transactions involved then we talk about this fiat transactions and its no matter for what those transactions was.
Btc is just in the computer some digits and its not money neither stable coins not money.

Crypto is not money the money start with fiat currency.

If you have crypto 50$ and give to someone then he give u fiat then if its conducted by bank transaction then there is no need to mention even crypto becouse it could be same as you give someone money or you receive.

Yes there is some rules and regulations but its all nonsense.

Btc and crypto not MONEY its a private thing and everybody should deal with crypto same as they go to toilet nobody dont talk loud what they do in toilet so you should t share info of ur crypto either becouse its even dont existing in real life nowhere.

Yes there is laws and regulations but its all nonsense bs yes you have to follow this just keep your mind its all bs

It might not be a handheld currency, but it’s translates to money at the end of the day imo.

Rupok

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Bitcoin is taking over many industries. If we think bitcoin is not money then it is also true that gold is not money.The country is now very digital, people are more inclined towards digital currency from cash money.Anyone with access to digital technology can easily transact money or BTC directly.Anything that has value and can be converted into currency is related to currency or money. Bitcoin is a digital currency that has value and can be converted into currency.We have earned many currencies from Bitcoin. Although Bitcoin is not physical so they consider Bitcoin as digital money.

darkangel11

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Quote from: 325btc on August 13, 2022, 04:16:42 PM

Btc and crypto not MONEY its a private thing and everybody should deal with crypto same as they go to toilet nobody dont talk loud what they do in toilet so you should t share info of ur crypto either becouse its even dont existing in real life nowhere.

Best comparison I've seen in a while.

Crypto is like a toilet - private! -325btc 2022 A quote to remember. I'll add it to my list Cheesy

I guess what you do in the Internet also doesn't really exist, so if I break into an exchange and take some bitcoins the police shouldn't go after me. I'll remember to use your line of defense if they get me. I stole something that doesn't exist in the real life so I shouldn't be prosecuted for it and don't ask me about it because it's a private thing. Tongue

JayTrain

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to some extent, you are right, but if bitcoin can be exchanged p2p for fiat money, then why not call it the same money, because the conversion of btc to bank cards is already available even on many exchanges.

Jeger.Kiting

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Yes Btc indeed is not real money, which can be spent or bought some things you want in shops and supermarkets. Btc is just digital money that only looks like an ordinary number but has its own privileges if you have it. Very different from the original fiat which can be exchanged for any item in all shopping stores and is also recognized for everyday use.

tam31

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Btc does exist even if it's online and no we can't just unfollow the rules on our country because we will be punish if someone caught us. If crypto is not money then what about paypal and other digital money? Not because they exist in the computer, they aren't real anymore. Maybe for those scams and fake digital currencies yes. No need for the crypto to have its own physical form because there's already a fiat money. That what makes it unique plus it's a hassle to carry cash with you at all time.

You can lose it and it can be easily stole to you but cryptos are more convenient and more secure. More important is that we have more freedom with it.

samuraijin

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Actually the difference between Bitcoin and money is the same, there is no difference, it's just that money has been patented to be a means of payment in all countries. Have you ever thought if the money is in our ATM card or in mobile banking it will be in the form of money, definitely not, and looks like digital, the only difference is that if we take money at an ATM and the tool will come out, namely money, but unlike bitcoin we can't make bitcoins into the form of money, because bitcoin has always been set in digital form, and to be honest in My country hasn't been legalized to accept Bitcoin as a means of payment, and its users are still silent..

GeorgeJohn

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Bitcoin is achievement

Quote from: piebeyb on August 16, 2022, 01:09:26 PM

in my country it is forbidden to consider bitcoin as a currency and I must obey the law, bitcoin can only be used as a digital asset, but bitcoin can also be used as a means of payment such as buying a domain and hosting, I usually use bitcoin to buy a domain and hosting , you are right for now bitcoin is not money but we don't know in the future

From my perspective that country is on the state of myopia. Every country currently is been embracing the existence and adoption of cryptocurrency as a legal tender. When at this present time, Bitcoin is the main currency people do use to make quick transaction across the countries. That's while some countries who understand the benefit of cryptocurrency do embrace it without castigation of cryptocurrency.

Moeda

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Quote from: 325btc on August 13, 2022, 04:16:42 PM

Btc is not money stop following your country rules and regulations u cant regulate something what doesnt exist.
Btc are digital the money is only when you sell or buy if fiat transactions involved then we talk about this fiat transactions and its no matter for what those transactions was.
Btc is just in the computer some digits and its not money neither stable coins not money.

Crypto is not money the money start with fiat currency.

If you have crypto 50$ and give to someone then he give u fiat then if its conducted by bank transaction then there is no need to mention even crypto becouse it could be same as you give someone money or you receive.

Yes there is some rules and regulations but its all nonsense.

Btc and crypto not MONEY its a private thing and everybody should deal with crypto same as they go to toilet nobody dont talk loud what they do in toilet so you should t share info of ur crypto either becouse its even dont existing in real life nowhere.

Yes there is laws and regulations but its all nonsense bs yes you have to follow this just keep your mind its all bs

Bitcoin is not money, and nobody says Bitcoin is money. Most say Bitcoin is a digital asset. An asset is something of value that can be owned by someone and if it is stored the price will be higher. Although the general word is crypto currency. Because a lot of crypto, including crypto with a stable value, is called a cryptocurrency.
Despite what you say, go round and round on the phrase Bitcoin is not money. I think everyone understands about Bitcoin. Does not have a stable value as Fiat. There is no binding legal authority. This is a great thing about Bitcoin that it can run smoothly without having to own a vehicle, namely the law or regulations.

dlightag

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You have said it all, because Bitcoin is a digital assets that no one can be able to touch, but only have the feeling with assumption that have specific amount Worth of Bitcoin in digital wallet or exchange, which can can be done through selling to convert to any given local currency across the globe.

CryptoHeadlineNews

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Quote from: 325btc on August 13, 2022, 04:16:42 PM

Btc is not money stop following your country rules and regulations u cant regulate something what doesnt exist.
Btc are digital the money is only when you sell or buy if fiat transactions involved then we talk about this fiat transactions and its no matter for what those transactions was.
Btc is just in the computer some digits and its not money neither stable coins not money.

If Bitcoin is not money, then I will love to ask you O.P, What is Money? Because according to what I understood from the English Dictionary, Money is that commodity generally accepted to be used as a medium of exchange between two or more parties. And Bitcoin is a digital commodity/asset, Bitcoin is generally accepted worldwide, and Bitcoin is used as a medium of exchange between two or more parties. So why should you say it's not a money?... Please I need you to elaborate more on this..

piebeyb

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in my country it is forbidden to consider bitcoin as a currency and I must obey the law, bitcoin can only be used as a digital asset, but bitcoin can also be used as a means of payment such as buying a domain and hosting, I usually use bitcoin to buy a domain and hosting , you are right for now bitcoin is not money but we don't know in the future

The Cryptovator

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Practically Bitcoin is a combination of codes that have deplu3d into the Blockchain. We all know why Satoshi create Bitcoin as peer-to-peer electronic cash. Yea to make it borderless send/receive money without third-party involvement. If you compare it with fiat then it's not money. But its digital currency exists only virtually. Since we can exchange it and buy goods with Bitcoin then we have to admit it's a currency thought digital. No matter what our centralized government says. They won't allow it to use like fiat.

ChiBitCTy

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Lol what are you babbling on about? Your English is very poor first off so most of what you’ve written doesn’t make sense. But who are you to say it’s not money? None of your analogies make any sense. Money is what the people say it is, and bitcoin works as a means of transacting payments just like any other money.

Nrcewker

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Quote from: BitcoinBarrel on August 13, 2022, 04:41:18 PM

Yes, Bitcoin is a digital asset just like a comment, domain name, picture, etc.

It's just code or encrypted text. What you pay to own a piece of the blockchain is pure speculation.

To be specific, Bitcoins can be considered as a digital asset .
Many also use Bitcoins as a form of payment, but again this varies from users to user and depends on them.
Many consider Bitcoins as an asset for which they like to hold it for as long as they can, so here the OPs thought has been considered.
I too agree that BTC is not money, as it’s a value able asset which is limited in supply. So if you gather and store a large amount and sell it in a later period of time, then definitely you will make tons of profits.

Plaguedeath

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If BTC isn't a money, no one ever need to spend $24K to bought one Bitcoin.

DooMAD

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Leave no FUD unchallenged

Quote from: 325btc on August 13, 2022, 04:16:42 PM

Btc is not money stop following your country rules and regulations u cant regulate something what doesnt exist.

325btc is not intelligent. Stop reading their posts and put them on ignore.

Quote from: 325btc on August 13, 2022, 04:16:42 PM

Yes there is some rules and regulations but its all nonsense.

Yes, there are lots of posts by 325btc, but they're all nonsense.

Quote from: 325btc on August 13, 2022, 04:16:42 PM

Btc and crypto not MONEY its a private thing and everybody should deal with crypto same as they go to toilet nobody dont talk loud what they do in toilet so you should t share info of ur crypto either becouse its even dont existing in real life nowhere.

Every post 325btc has ever made belongs in a toilet. They shouldn't talk at all. Ever.

325btc

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Quote from: hZti on August 16, 2022, 07:18:35 AM

Quote from: 325btc on August 13, 2022, 04:16:42 PM

Crypto is not money the money start with fiat currency.

If you own btc its a private matter
What you are understanding wrong is that it is the same for every currency. A currency is universal, its value is determined by what you get in exchange for it. If I can buy a car for 20.000 Euro than I can set a value for Euros. The Euro bill is just a paper. Same is for the bitcoin. If I can get a car for 1 Bitcoin than that is its value. The Bitcoin itself is just a number in a Bitcoin wallet.

hZti

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Magic

Quote from: 325btc on August 13, 2022, 04:16:42 PM

Crypto is not money the money start with fiat currency.

What you are understanding wrong is that it is the same for every currency. A currency is universal, its value is determined by what you get in exchange for it. If I can buy a car for 20.000 Euro than I can set a value for Euros. The Euro bill is just a paper. Same is for the bitcoin. If I can get a car for 1 Bitcoin than that is its value. The Bitcoin itself is just a number in a Bitcoin wallet.

Agbe

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Let see the lay-man definition of money. Money is a Currency which is used to buy and sell goods and services either online or and physical cash. Now bitcoin is an online payment system which is used to buy and sell directly whatever thing you need in the internet. Many users in this forum have testified that they have used bitcoin to buy things directly in the shops, markets and p2p.
Therefore, anyone says that bitcoin is not a Currency (money) and you are in this forum, you are deceiving yourself and also the person doesn't really understand bitcoin. The person needs extra moral class. As it said by other users here and me again, bitcoin is a full time money that is used digitally only as for now. That's why there are Bitcoin ATM machines in some the major cities in the world.

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