If its accepted on some stores like the traditional moneh then we can considered it as form of money like what was US telling us about in this case before.
https://www.coindesk.com/bitcoin-is-a-form-of-money-d-c-federal-court-rules-bloomberg
In my opinion currency or money it still can be equate as one. Some might not agree about bitcoin as money and just a speculative investment product but for otherd like most adopters they can agree that its a money/currency.
Topic: Is bitcoin a currency or but also a money - page 2. (Read 315 times)
Some recognize bitcoin as a property.
English Court Recognises Bitcoin as Property
Different government might have different view on bitcoin as that's how they regulate it.
However, I believe for majority, bitcoin is a money or a digital currency... this is a long debate if we dig deeper, but for typical investor, bitcoin is an online currency that is decentralized and that its value will rise depending on the demand.
If I hold 1 btc, whether it's considered as property or currency in my country, but in reality, I can call it myself as money since anytime I can exchange it with fiat and spend it like like how people spend fiat.
English Court Recognises Bitcoin as Property
Different government might have different view on bitcoin as that's how they regulate it.
However, I believe for majority, bitcoin is a money or a digital currency... this is a long debate if we dig deeper, but for typical investor, bitcoin is an online currency that is decentralized and that its value will rise depending on the demand.
If I hold 1 btc, whether it's considered as property or currency in my country, but in reality, I can call it myself as money since anytime I can exchange it with fiat and spend it like like how people spend fiat.
Based on this, I tend to think that Bitcoin does not quite fit the definition of money. For me, this is more investment of my money for a long time.
I think you can't draw that conclusion. Just because some countries banned it, doesn't mean it is not money. Not to mention other countries might allow bitcoin for payment. That's a really weak definition.
On July 22, Russia adopted a law banning cryptocurrencies. It is not allowed to accept payment in Bitcoin for goods and services, and the law prohibits advertising cryptocurrencies as a digital payment method. Based on this, I tend to think that Bitcoin does not quite fit the definition of money. For me, this is more investment of my money for a long time.
https://medium.com/@goldma/currency-vs-money-did-you-know-theres-a-difference-f344aa496867
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The one major difference between currency and money that many are not conscious of, is the store of value. Currency is not a store of value, in fact, it can even go to zero because of extreme circumstances. It is also volatile because it has no intrinsic value. Money, on the other hand, is a store of value. Gold (which is money) has always been a consistent store of value. Even when the world financial markets become unpredictable, investors turn to gold because it is less risky and more secure.
If you will base it on articles that you've quoted, especially this one, you must believe that Bitcoin is not a money. It is a currency.
Just like what had been mentioned above, currency is not a store of value.
Bitcoin is not a store of value, it is not stable, therefore it could not be titled as money.
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What about bitcoin? I will like you opinion on this but as for me, bitcoin itself is completely money because it is also a safe haven like gold, currencies can be seen physically.
In fact, bitcoin isn't a safehaven, and it is more risky than gold and silver because it is more volatile. It's value varies largely on it's deman and supply.
Bitcoin is a cryptocurrency.... 'currency'.
So why did you think that it is not.
I have been reading about the differences between money and currencies, even I have not seen anyone referring bitcoin as money but only as currency. I read about the difference on many site. Check the quotes below:
You should go to the relevant board then 
Perhaps this discussion will entertain you (read also the reply after that comment where I mention M1-M3).
Imo fiat is a type of currency and currency is a type of money...
I think bitcoin fits somewhere between currency and money because a lot of currencies generally have the qualification of being divisible and bitcoin has that whereas realistically gold and silver don't.
You are right, even gold can be referred to as currency, bitcoin is also currency, although bitcoin has intrinsic value but its price is still volatile and can be regarded as a currency, I am not disputing this fact. But I want people to realize that bitcoin is also money. I think bitcoin fits somewhere between currency and money because a lot of currencies generally have the qualification of being divisible and bitcoin has that whereas realistically gold and silver don't.
Imo fiat is a type of currency and currency is a type of money...
I think bitcoin fits somewhere between currency and money because a lot of currencies generally have the qualification of being divisible and bitcoin has that whereas realistically gold and silver don't.
I think bitcoin fits somewhere between currency and money because a lot of currencies generally have the qualification of being divisible and bitcoin has that whereas realistically gold and silver don't.
I have been reading about the differences between money and currencies, even I have not seen anyone referring bitcoin as money but only as currency. I read about the difference on many site. Check the quotes below:
https://en.m.wikipedia.org/wiki/History_of_money
https://www.quora.com/What-is-the-difference-between-currency-and-money
https://quickonomics.com/different-types-of-money/
https://medium.com/@goldma/currency-vs-money-did-you-know-theres-a-difference-f344aa496867
From all quoted links above, it is evident that bitcoin is actually money, I still have other links that proved this but did not included it because I want this topic to be easily readable.
Gold, silver and and the likes are money which has been existing and have intrinsic value. Like I have mentioned, money can not be seen, only currencies can be seen and the intrinsic value of gold is its value in the world that is influenced by its demands and its price.
What about bitcoin? I will like you opinion on this but as for me, bitcoin itself is completely money because it is also a safe haven like gold, currencies can be seen physically but what makes the currencies money is the value they possess, this makes me conclude that bitcoin is money, bitcoin have such value and a safe haven people turned during economy inflation.
Money are not subjected to governmental manipulations but currencies do, the price of bitcoin is not regulated by any central body or the governments it is regulated by people that buy and sell it in the world and this makes it to have value like gold and the likes by having the same value all over the world not from country to country. So, bitcoin is money and will be referred to as money during its races to recognition.
https://en.m.wikipedia.org/wiki/History_of_money
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Money may take a physical form as in coins and notes, or may exist as a written or electronic account. It may have intrinsic value (commodity money), be legally exchangeable for something with intrinsic value (representative money), or only have nominal value (fiat money).
https://www.quora.com/What-is-the-difference-between-currency-and-money
Quote
Gold Silver explains that the most significant difference between money and currency is that currency does not have consistent value. Currency is used as a physical representation of value that changes over time and varies from one country to the next. According to the Gold Silver website, gold and silver are the only items that have served as money and represented fixed value throughout human history.
https://quickonomics.com/different-types-of-money/
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Commodity money is the simplest and, most likely, the oldest type of money. It builds on scarce natural resources that act as a medium of exchange, store of value, and unit of account. Commodity money is closely related to (and originates from) a barter system, where goods and services are directly exchanged for other goods and services. Commodity money facilitates this process because it acts as a generally accepted medium of exchange. The critical thing to note about commodity money is that its value is defined by the intrinsic value of the commodity itself. In other words, the commodity itself becomes money. Examples of commodity money include gold coins, beads, shells, spices, etc.
https://medium.com/@goldma/currency-vs-money-did-you-know-theres-a-difference-f344aa496867
Quote
The one major difference between currency and money that many are not conscious of, is the store of value. Currency is not a store of value, in fact, it can even go to zero because of extreme circumstances. It is also volatile because it has no intrinsic value. Money, on the other hand, is a store of value. Gold (which is money) has always been a consistent store of value. Even when the world financial markets become unpredictable, investors turn to gold because it is less risky and more secure.
From all quoted links above, it is evident that bitcoin is actually money, I still have other links that proved this but did not included it because I want this topic to be easily readable.
Gold, silver and and the likes are money which has been existing and have intrinsic value. Like I have mentioned, money can not be seen, only currencies can be seen and the intrinsic value of gold is its value in the world that is influenced by its demands and its price.
What about bitcoin? I will like you opinion on this but as for me, bitcoin itself is completely money because it is also a safe haven like gold, currencies can be seen physically but what makes the currencies money is the value they possess, this makes me conclude that bitcoin is money, bitcoin have such value and a safe haven people turned during economy inflation.
Money are not subjected to governmental manipulations but currencies do, the price of bitcoin is not regulated by any central body or the governments it is regulated by people that buy and sell it in the world and this makes it to have value like gold and the likes by having the same value all over the world not from country to country. So, bitcoin is money and will be referred to as money during its races to recognition.
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