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Topic: Is Bitcoin money? - page 106. (Read 112173 times)

hero member
Activity: 1806
Merit: 672
June 07, 2017, 06:51:35 AM
Yes for me bitcoin is a money as when i am converting it to fiat currency and can do all works and enjoy my life with it and run my family through it then it is money just like fiat currency.
Thats right, bitcoin is money, it is also my source of income since i have to provide for my own studies, i have to pay for my tuition fee, my allowance annd also if i have to pay at school. Since i am earning enough money through bitcoin i was able to support myself in many aspects, i can also provide the needs of our family, i buy them a sack of rice that is all good for a month, and its really a big help since we have financial difficulties
Haha, Bitcoin is "my life", is main source of income in my family. When I know Bitcoin, it helped me can find a job, can make money and take care of my family. With me, Bitcoin really is my life
Even if you don't convert it to Fiat it will still be considered as a form of money even though only a few accept it, it can still be considered as a medium of exchange. Bitcoin has made it possible a decentralized currency in which people in the web are comfortable to use it. Lecam for example has proven us that Bitcoin can be a main source of income as it can provide for the daily and long term needs of his family.
sr. member
Activity: 348
Merit: 250
June 07, 2017, 06:37:19 AM
Yes for me bitcoin is a money as when i am converting it to fiat currency and can do all works and enjoy my life with it and run my family through it then it is money just like fiat currency.
Thats right, bitcoin is money, it is also my source of income since i have to provide for my own studies, i have to pay for my tuition fee, my allowance annd also if i have to pay at school. Since i am earning enough money through bitcoin i was able to support myself in many aspects, i can also provide the needs of our family, i buy them a sack of rice that is all good for a month, and its really a big help since we have financial difficulties
Haha, Bitcoin is "my life", is main source of income in my family. When I know Bitcoin, it helped me can find a job, can make money and take care of my family. With me, Bitcoin really is my life
hero member
Activity: 672
Merit: 500
June 07, 2017, 05:35:38 AM
Surely Bitcoin is money, it is a real crypto currency could be fully used to make deals and trades online, and sometimes offline as well, and it can be exchanged for fiat anytime.
hero member
Activity: 742
Merit: 500
June 07, 2017, 05:33:21 AM
I believe that the statement: "bitcoin is new kind of money" passes the duck test.

Bitcoins function as money (they're a unit of account, a medium of exchange, and a store of value), and if PayPal started allowing Bitcoin transactions tomorrow I'm certain they'd treat them as Just Another Currency.

If you like, call it a commodity, but I think all you'll accomplish is confusing potential users who might think they'll end up getting pork-bellies delivered to their porch if they don't get rid of their bitcoins.

bitcoin could be called both as money as well as commodity.
Bitcoin is used to buy products just like money.
Bitcoin is bought as an investment expecting to yield high benefits.hence it could also be called as commodity.
sr. member
Activity: 728
Merit: 252
SmartFi - EARN, LEND & TRADE
June 06, 2017, 10:45:45 PM
Yes bitcoin is money to me as I can convert it to fiat money whenever I want and that can be used for buying anything and when you can buy something then it surely becomes a form of money.
sr. member
Activity: 700
Merit: 254
June 06, 2017, 10:43:53 PM
Yes for me bitcoin is a money as when i am converting it to fiat currency and can do all works and enjoy my life with it and run my family through it then it is money just like fiat currency.
Thats right, bitcoin is money, it is also my source of income since i have to provide for my own studies, i have to pay for my tuition fee, my allowance annd also if i have to pay at school. Since i am earning enough money through bitcoin i was able to support myself in many aspects, i can also provide the needs of our family, i buy them a sack of rice that is all good for a month, and its really a big help since we have financial difficulties
legendary
Activity: 1302
Merit: 1027
June 06, 2017, 05:58:06 PM
Yes for me bitcoin is a money as when i am converting it to fiat currency and can do all works and enjoy my life with it and run my family through it then it is money just like fiat currency.
hero member
Activity: 490
Merit: 500
June 06, 2017, 05:52:04 PM
Bitcoin was first created by satoshi to free people from depending banks for transactions.So its clear that he created it as a protocol to send P2P transactions.But then,bitcoin value started growing and now its almost $2800 and so people started to treat it as an investment which would yield high returns.But it is also accepted as payment for products and services.So it could also be called as digital currency.It depends on the user how he treats bitcoin.
sr. member
Activity: 536
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
June 06, 2017, 05:24:40 PM
Bitcoin can be said of as a medium for trading. It could be called a commodity. However, gold and bitcoin are quite similar. Hence, if you believe that gold is money, then it could be argued that Bitcoin is also money.
For what reasons that they should argue about bitcoin is money? is it worth it to have that arguments despite of it's a aource of a fiat cash money onmost people who depend it right now. Well I can conclude bitcoin is money because of that ability of digital can be our sustainable source of fiat cash money. So therefore we can appreciate bitcoin as a money used for our spending and also for investments just like putting up a business that earns profitable income.
hero member
Activity: 868
Merit: 500
June 06, 2017, 05:21:05 PM
Bitcoin isnt the new digital money with it you can buy almost anything, in fact you can buy anything you can buy with fiat, just need a bitcoin debit card and you will be able to buy anything. Soo yes bitcoin is money, and now is being used as store of value of some people that wanna to protect their money against the volatility of their currencie like Venezuela.
newbie
Activity: 8
Merit: 0
June 06, 2017, 05:17:23 PM
Although bitcoin prices are very high and many online stores and merchant use bitcoin as a means of payment but I do not think bitcoin is included money. I think online stores accept bitcoin then they exchange it for dollars. So still dollar as a reference price of goods, I do not think there is an online store that put prices with bitcoin, because the bitcoin price is not stable
hero member
Activity: 728
Merit: 500
EtherSphere - Social Games
June 06, 2017, 04:14:21 PM
NYSE is seeing it that way now! Grin
http://www.coindesk.com/new-york-stock-exchange-launches-bitcoin-price-index/

It's about time too!
As of this posting it is $2,911.66  Shocked
hero member
Activity: 3080
Merit: 603
June 06, 2017, 04:12:22 PM
Bitcoin can be said of as a medium for trading. It could be called a commodity. However, gold and bitcoin are quite similar. Hence, if you believe that gold is money, then it could be argued that Bitcoin is also money.
Exactly its because if bitcoin is not money then people would not waste their time into this kind of trading, maybe people actually experience that they earned more and more. With this they considered bitcoin as money.

That's the simplest logic in bitcoin economy. If it is not money or something valuable that can be used for transacting to everyone. Why people are being crazy about this precious crypto currency? BItcoin is money and it is for real, for those that are saying it is not, I don't know what makes them believe that it is not.
member
Activity: 90
Merit: 11
June 06, 2017, 03:18:21 PM
Cheesy a funny question!! Why not, it's crypto-currency. And we still use it to buy stuff and exchange to real money to use in real life... And it's very popular on the world at this time, too

Crypto currency is not as popular as we would like. Some people use it as money and are therefore called money. But I think that this is not just money. This is the payment system and the way of investing
Crytocurrency is currency and money. You can use them to purchase what you want in the future or on the internet. Therefore, bitcoin is 100% money. RIght now, it needs more people to adopt and governments to accept in order to legally become a payment method

Governments do not need to adopt it. Its here, its working, its not going way.
sr. member
Activity: 378
Merit: 250
June 05, 2017, 08:58:13 PM
Bitcoin can be said of as a medium for trading. It could be called a commodity. However, gold and bitcoin are quite similar. Hence, if you believe that gold is money, then it could be argued that Bitcoin is also money.
Exactly its because if bitcoin is not money then people would not waste their time into this kind of trading, maybe people actually experience that they earned more and more. With this they considered bitcoin as money.
sr. member
Activity: 378
Merit: 250
June 05, 2017, 08:36:15 PM
Bitcoin can be said of as a medium for trading. It could be called a commodity. However, gold and bitcoin are quite similar. Hence, if you believe that gold is money, then it could be argued that Bitcoin is also money.
sr. member
Activity: 448
Merit: 251
June 05, 2017, 06:26:54 PM
Cheesy a funny question!! Why not, it's crypto-currency. And we still use it to buy stuff and exchange to real money to use in real life... And it's very popular on the world at this time, too

Crypto currency is not as popular as we would like. Some people use it as money and are therefore called money. But I think that this is not just money. This is the payment system and the way of investing
Crytocurrency is currency and money. You can use them to purchase what you want in the future or on the internet. Therefore, bitcoin is 100% money. RIght now, it needs more people to adopt and governments to accept in order to legally become a payment method
member
Activity: 90
Merit: 11
June 05, 2017, 04:38:41 PM
Bitcoin is a transfer of value. Its money without borders. Its a tool that can beat the traditional financial establishments with its versatility.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
June 05, 2017, 04:29:30 PM
Bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. These currencies are like Rupiah or Dollar, but are only available in the digital world. The concept may sound like eGold, though it is actually much different.
Bitcoin is now used in many countries. But its development is still hampered by regulation issued by the government, bitcoin as it is still scary because now the price movement of bitcoin has high fluctuation.
Bitcoin development is not being hampered by the governments we are doing that to ourselves just look at all the things going on, and the lack of acceptance to any solution that will allow us to scale, something that we need desperately, so governments can slow adoption but not development.
sr. member
Activity: 756
Merit: 253
June 05, 2017, 04:18:43 PM
Why not...?.
Definitely bitcoin is a kind of money,  it is used to meet up the function of money, like payment, saving, investment,  purchasing food, buying clothes and so on.in recent times, many countries have started thinking to give approval as a currency in their territory so it will be used as a money..

Exactly, it is money just like the other fiat currencies but Bitcoin is even more because of its blockchain technology and its decentralized nature so it gives us the freedom to use it as money without any governmental interference.
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