Bitcoin is already a currency but is only in binary form. It uses blockchain to make transactions online especially in online payment system. So instead of using fiat currency, bitcoin is the best alternative currency for it.
Bitcoin is now a digital currency, because it can be used to pay for anything in the world as long as the company is in a country that accepts bitcoin. So the transaction system is online and peer to peer so it is not tracked by third parties, such as government and banks. 
Topic: How does bitcoin become a currency? - page 2. (Read 2061 times)
Bitcoin can't become a currency. Bitcoin is independent and is called cryptocurrency. Monetary is only an intermediary in Bitcoin trading.
It is clear to everyone that Bitcoin is using as a mode of exchange and for friction-less transaction besides these services and benefits we are using it as investment source of expecting huge returns. We have been experiencing its investments and profits since 9 years and this will also help you out unless and until you start with it. Now, you will have no doubt over the Bitcoin as a currency or an investment source.
I think that now bitcoin is valued as a good investment. But at the same time, more and more organizations are beginning to accept bitcoin as a means of payment for their goods and services.
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
I think, Bitcoin currently is best used as an investment asset and not as a means of payment as the coin is currently not completely accepted in the financial market. However, due to its volatile nature, the coin is a great asset as it has helped earn great profit returns in a short period of time.In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
Although, the coin is a good means for making transactions throughout the world, the coin's speed of transactions has fallen in comparison to other coins.
The coin can replace fiat but it will take the coin a few years to do so.
bitcoin has become a currency but only digital currency and cannot be a real currency, because bitcoin has been created into a digital currency that cannot be made real
bitcoin never be real currency replace fiat.but it could as alternative digital currency replace paypal or others.and also when its lightning network already fully implemented maybe it could replace banking sytem too.
bitcoin has become a currency but only digital currency and cannot be a real currency, because bitcoin has been created into a digital currency that cannot be made real
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
I think if bitcoin is not used to pay then people will not want to use it anymore. Because people use btc for the purpose of the transaction does not take a quick pay without getting back to work. So bitcoin should be considered a currency rather than a valuable commodity like gold and silver because its nature from the beginning is different from them In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
Bitcoin can't become a currency. Bitcoin is independent and is called cryptocurrency. Monetary is only an intermediary in Bitcoin trading.
Bitcoin is already a currency, it does not need to become one. You can buy and sell things with bitcoin and that is what a currency is for. Although now I think people use bitcoin as more of an investment than as a currency but that does not mean that bitcoin has stopped being a currency.
It has a point. A fiat is called currency because it is inskde the market, or it is what helps the economy to run. But if we see through those products we can comprehend that bitcoin also performs this kind of things. With this we can say that bitcoin is a currency, eventhough it is used as an investment.
In my perception, bitcoin is a currency in a form of digital and it was obvious. This cryptocurrency is really profitable interms of Investment in long term method, but this is also the most risky Investment among some other form of Investment.
Bitcoin is already a currency, it does not need to become one. You can buy and sell things with bitcoin and that is what a currency is for. Although now I think people use bitcoin as more of an investment than as a currency but that does not mean that bitcoin has stopped being a currency.
It has a point. A fiat is called currency because it is inskde the market, or it is what helps the economy to run. But if we see through those products we can comprehend that bitcoin also performs this kind of things. With this we can say that bitcoin is a currency, eventhough it is used as an investment.
In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
If bitcoin is not a currency, why some merchants in different country they accepted bitcoin as their mode of payment also crypto/altcoins, like fast food, restaurant, and more, then some also accepted it in online shop such Amazon, then why Japan, Korea make bitcoin became regulated and legalized it. Therefore, on this way it shows it has potentials and capacity to become like that in the near future.
Bitcoin is already a currency but is only in binary form. It uses blockchain to make transactions online especially in online payment system. So instead of using fiat currency, bitcoin is the best alternative currency for it.
so far I've only seen a few crypto actually used for payments in online gambling. indeed functional enough to improve its function, but crypto is good to be used to buy legal goods.
Yes, but we can also use crypto for buying a product in the online store, and I think in the country which crypto is accepted, we can also buy something in real life. Maybe we need to wait until the government can approve the crypto to use as a currency, so we don't have to worry if we want to use to buy something. I hope that in the future, bitcoin and local fiat can walk together in the economy of each country so the crypto can be used in all country.
Just if we use crypto for a transaction so it is a currency that we can use as medium of exchange and now crypto is using instead of pay pal and many of the world big payments are possible now because of bitcoin and bitcoin is a currency we have used it for payments we have bought online stuff and many websites i have bought for others are through bitcoin So it is a currency.
in my opinion it's quite complicated if bitcoin is used as a currency, because I need facilities and resources that support everything from infrastructure to users who fully understand how to trade using bitcoin, besides the government must also be able to provide clear and wise regulations so that all transactions can run smoothly without any party being harmed
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
In the case of Bitcoin, this condition can be measured by the growth of users, sellers, and initial users. Like other currencies, the value of bitcoin comes only from people who want to accept it as a payment instrument.
so far I've only seen a few crypto actually used for payments in online gambling. indeed functional enough to improve its function, but crypto is good to be used to buy legal goods.
I think bitcoin become a currency in sense of digital because it is being used for online transactions all though out the world.
That true to an extent but you have to realize that the value of a crypto currency doesn't necessarily just lie on its purchasing power. Because if it is true them Ethereum will reign supreme because we use it all the time but it is not. What i believe the value of crypto currency lies in is the price people are willing to buy it.
Bitcoin has a cost, numerous individuals think about it and utilize it to make installments, so I trust that it very well may be known as a money. Be that as it may, because of the expansion in the expense of exchanges, it is more reasonable for the buy of costly things, for example, land and for making extensive exchanges. In this job, he outperforms any bank moves as far as speed and cost of cash exchange.
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