I think bitcoin and cryptocurrencies in General by definition can be called a private currency. They are not controlled by the state, created by private institutional entities for individual purposes.
I think everyone is free to call it, because that is the function of decentralization itself, everyone is managing their money freely in bitcoin without any rules and interventions, there is no limit in using their money here, that's why bitcoin is often called private currency for some people.. 
Topic: is bitcoin is a private currency - page 2. (Read 1007 times)
You can not say it's private. because everyone can enter the crypto. the crypto is a hidden currency that the world does not know. and so do not want other countries here because this currency is still low profile.
Dude, stop your non sense. So if the world isn't aware of cryptocurrency so Bitcoin is a private currency?
Do you know what is a financial privacy? Here crypto can be useful, but regarding Bitcoin it is called a pseudo-anonymous crypto since you are only identified by a series of numbers (your wallet) but the ledger is public and transactions are traceable
I think this shouldn't be debate on as it really depends on what country you are in and what laws is applying to the industry. Not to mention that there are also different kinds of cryptocurrency namely utilities which acts out as money and securities which are acting out as stocks of a company which some are paying regular dividends. Even the word private currency should be defined by your own law making body in the law itself in order for us to have just one common answer in place.
First time I hear that it could be considered as private currency... but for sure no. Maybe some other altcoins, but not this one anyway 
You can not say it's private. because everyone can enter the crypto. the crypto is a hidden currency that the world does not know. and so do not want other countries here because this currency is still low profile.
I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.
Bitcoin can not belong to a private person, or a legal entity, or to any particular state or group of states. Nobody owns a document proving that he is the inventor of Bitcoin. Therefore, Bitcoin can be considered an invention of the people. Bitcoin can be considered a private cryptocurrency only in the sense that it will mainly be used by private individuals, and not by government agencies.
I think it's both 2 kinds. It's a private currency also a world crypto currency.
We don't know who stored the coins so I think it's a private currency
We don't know who stored the coins so I think it's a private currency
Different people are having different perspective way viewed on bitcoin technology, some are saying it is not currency( in that case I will agree) and some are saying yes it can be used as a future currency. For me it is not currency is just like an asset that we privately invest just keep until we find our profit target. So, we can store it privately without knowing others and wait for a perfect time to sell to have our profit from the investment. Bitcoin is not a private coin it is open to all who wants.
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Means that bitcoin able make you rich also able make you poor if you are careless !
Have a good looked on this, yes, Bitcoin will probably be getting you easily enrich by investment and on another side, it will also might you poor if you don't have enough knowledge on this. Bitcoin is not a private currency it is different than the traditional currency, even government hate on this due to lack of regulation but still people using on it privately as an asset. Means that bitcoin able make you rich also able make you poor if you are careless !
Bitcoin is not a currency but yes it is private investment.
Bitcoin consider as an asset just like gold etc but bitcoin have the privilege that able act as currency.
But remember about the risk beneath of it because the comes the great power, comes the great responsibility !
Means that bitcoin able make you rich also able make you poor if you are careless !
Bitcoin consider as an asset just like gold etc but bitcoin have the privilege that able act as currency.
But remember about the risk beneath of it because the comes the great power, comes the great responsibility !
Means that bitcoin able make you rich also able make you poor if you are careless !
Actually for now Bitcoin it's not just a simple private currency because almost the whole country know all about the word Bitcoin so i think its not just a private currency maybe in the future whole over the world are known the all about in the Bitcoin. If they try to make this private make sure the'y dont get the bitcoins down unlike on other company they promising but eventually they going down after a few years later. Bitcoin is not just an private currency until in the future.
I think bitcoin and cryptocurrencies in General by definition can be called a private currency. They are not controlled by the state, created by private institutional entities for individual purposes.
I think bitcoin cannot be called a private currency, because the different types continue to spread not only in one region or bitcoin country spread in all countries so if bitcoin is considered a private currency it is wrong.
How many people have so many opinions about what kind of currency it is and why it is needed.
I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.
I think bitcoin is a community currency without certain boundaries, bitcoin is a global currency that can be used by the whole world.
I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.
Bitcoin can not be considered a private currency, since it does not belong to any private person. He does not belong to anyone, no one has a patent for his invention.However, bitcoin can be called a private currency in the sense that it is more used and, apparently, will continue to be used by private individuals, rather than state structures and even by not very active business structures due to its high price volatility.
I think bitcoin is a world currency not a private currency and because he does not hold by the government and does not have tax.. and i am agreed for this currency. so all people are wrong tell us bitcoin is a private currency.
At least now bitcoin becomes an individual currency if indeed in its country it has legalized it, because some countries still have not accepted it for the entry of bitcoin, maybe someday it will happen to become the world currency, because it will be very easy to trade or buy the country into the country other things
if bitcoin becomes a personal currency, then maybe only a private country is not possible to spread in all regions / countries, so if there is someone who claims that bitcoin as a personal currency is wrong.
it is clear that bitcoin is not a private currency, the reason is that bitcoin is not owned by a single country but bitcoin is used in almost all countries, all citizens in all regions / countries know the name bitcoin, but the problem is that there are also countries that have not received bitcoin, the reason is not yet known.
Yes, it can be use it in that way so it's depend on how people use bitcoin.
Personally I use for investment purpose, some people may use it to purchase goods that prevent them from their local tax.
Yes, it's possible !
Personally I use for investment purpose, some people may use it to purchase goods that prevent them from their local tax.
Yes, it's possible !
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