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Topic: Is Bitcoin money? - page 109. (Read 112172 times)

hero member
Activity: 3038
Merit: 634
June 02, 2017, 03:12:58 AM
As long you can use bitcoin for transacting with other people and use it as a payment then it is money.

Money is something that we are using for exchanging goods and services and with bitcoin, we are doing the same thing.

So bitcoin is a real money to all of us.
member
Activity: 90
Merit: 10
June 02, 2017, 02:37:35 AM
Yes! Bitcoin is definitely money. We can trade it, sell it, deposit it and gain a lot of profit from holding on to Bitcoin. The very best part is that we can sell Bitcoin by converting it into cash then withdrawing to our bank accounts.

Your second and third sentences contradict your first, money means you are spending it directly for goods and services but what you have described is an asset which is nothing like money. I agree with all you said except the part where you say its money.
member
Activity: 84
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June 02, 2017, 02:31:26 AM
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.
newbie
Activity: 52
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June 02, 2017, 02:28:20 AM
Yes! Bitcoin is definitely money. We can trade it, sell it, deposit it and gain a lot of profit from holding on to Bitcoin. The very best part is that we can sell Bitcoin by converting it into cash then withdrawing to our bank accounts.
hero member
Activity: 700
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June 02, 2017, 01:55:19 AM
yes its money because basically, the function is same like a real money. bitcoin is digital money, you're cant see it but you're can use it. you're can buy anything want. they are both the same, the same function for trading.

In a way, yes, but it is not "Money" of "Fiat" at all. We are only thinking that it is a money because we could earn fiat through bitcoin by converting it to cash, but it is a virtual money, the money that we do use online, to buy stuffs, something like that. But yes, they are just the same---money but into different world. The only thing about bitcoin is you could earn a lot money from it than earning fiat.
sr. member
Activity: 602
Merit: 262
June 01, 2017, 10:25:45 PM
I think the bitcoin better than money and gold, this is because the value of bitcoin always go up and never down, money will decline because of inflation, gold is moving slowly so that bitcoin is more than money and gold.

For your information on May 25, the price of bitcoin hit an all-time high of $2760 average across global exchanges. A few hours later the price took a downturn seeing a five leg drop to a low of $2221 per BTC. If you compare Bitcoin to Gold its has an advantages and also disadvantages, Bitcoin now a day is good source of income and also to invest.
That's why For me Bitcoin is money for the Internet. It is a scarce digital commodity used as money by millions around the world. Others get paid in Bitcoin and use it to shop online. Bitcoin is more than a system to store and transfer value from one person to another.
sr. member
Activity: 573
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June 01, 2017, 09:57:37 PM
I think the bitcoin better than money and gold, this is because the value of bitcoin always go up and never down, money will decline because of inflation, gold is moving slowly so that bitcoin is more than money and gold.
sr. member
Activity: 854
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June 01, 2017, 09:40:05 PM
By now we can pretty much agree that bitcoin is money. The ultimate, and perhaps last, test will be how it copes with scaling issues. If bitcoin can survive a hard fork, or the debates surrounding such a fork, then it is here to stay.
hero member
Activity: 1078
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June 01, 2017, 09:28:57 PM
Bitcoin is also like money for me, because we can buy online, we can buy load, we can purchase online things so this is also money, I think online money that we can called it. Generally we earn bitcoin because we want to have our extra income or savings so it also a money.
legendary
Activity: 910
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June 01, 2017, 09:13:33 PM
In my opinion, bitcoin we can equate with gold or silver in terms of trade, gold and silver in ancient times used for exchanges, can be in the mine and the price is quite fluctuative. Can also be said bitcoin as money but I think less precise, more appropriate as a commodity exchange
I agree with you, bitcoins is good be called gold, silver or instrument of Investment. We can trade bitcoins to fiat and other altcoins on exchangers. I don't agree if bitcoins is money at least this time because there are fees transaction must be paid by users and that is not good be used as money, money never take fees. Today bitcoins is not money especially for a little amount payment in bitcoins.
full member
Activity: 162
Merit: 100
June 01, 2017, 09:06:19 PM
In my opinion, bitcoin we can equate with gold or silver in terms of trade, gold and silver in ancient times used for exchanges, can be in the mine and the price is quite fluctuative. Can also be said bitcoin as money but I think less precise, more appropriate as a commodity exchange
hero member
Activity: 2814
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Bitcoin is GOD
June 01, 2017, 07:32:17 PM
It is money from the moment you can buy anything with them.
           The only problem I see is the volatility it has, Will not leave a massive adoption.
Not entirely true, there are many people that do barter, and buying something through barter does not mean that the services or products you get through other services and products are money, in the show pawn stars that happens sometimes, someone wants to sell something and in exchange instead of taking the money they accept another product.
It seems to me that it's a waste to pay bitcoin to buy something right now. I expect prices to rise several times at all and then there will be many more opportunities.
Buying with bitcoin seem like it is not the best idea, especially if we are talking about a big purchase, if you spend a few mBTC then that is not much of a problem but if you need to spend many bitcoins then it is better that we use fiat instead.
hero member
Activity: 630
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June 01, 2017, 11:56:49 AM
yes its money because basically, the function is same like a real money. bitcoin is digital money, you're cant see it but you're can use it. you're can buy anything want. they are both the same, the same function for trading.
to me bitcoin is created to the name of online currency, and even it is uses in for as online currency, as most of the online shops are now accepting bitcoin as currency. even in some place online shops are also accepting bitcoin  for shopping, but it is depending on the uses of bitcoin and the awareness about bitcoin in different places.
sr. member
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June 01, 2017, 11:51:37 AM
Yes, bitcoin is money. Anything with value and anything you can use for buying, selling and exchange is money. it is also similar to gold but it is way more money.
I don’t like to define Bitcoin as money because Bitcoin is not used everywhere in the world. So far only the people that know how to use computers and other electronic items know about bitcoin and use Bitcoin, once Bitcoin is allowed to be much easier to apply to the general public then the term Bitcoin is likely to be placed in the dictionary as “Money”.

I wonder what will happen if Bitcoin gets up to a million dollars per coin, will it be money then?
hero member
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June 01, 2017, 11:42:42 AM
Yes it is a digital money.  Smiley Because it have it's own price, can be used in a lot of shops, online casinos etc. same as fiat money. So why bitcoin is not money? It is money as we can buy something for it.
the thing why people doesnt treat bitcoin as a money is that , they think that bitcoin is only a digital currency and we can only see that when we go online, the real thing is bitcoin is money , it has a value , we can withdraw it to buy the things that we want, we can provide the family needs , just like the real money does they are both the same.

for now bitcoin is money for online activity and later if bitcoin is really accepting in many country and more people is using bitcoin, then i am sure that bitcoin will use it in real life to so we can buy something in our real life with bitcoin. bitcoin itself offers many benefits for us especially for traders which can use it to trade with altcoin or fiat and then we can withdraw it into our real money and spend that money to buy something.
full member
Activity: 126
Merit: 100
June 01, 2017, 11:34:11 AM
yes its money because basically, the function is same like a real money. bitcoin is digital money, you're cant see it but you're can use it. you're can buy anything want. they are both the same, the same function for trading.
hero member
Activity: 826
Merit: 501
June 01, 2017, 11:16:27 AM
Yes it is a digital money.  Smiley Because it have it's own price, can be used in a lot of shops, online casinos etc. same as fiat money. So why bitcoin is not money? It is money as we can buy something for it.
the thing why people doesnt treat bitcoin as a money is that , they think that bitcoin is only a digital currency and we can only see that when we go online, the real thing is bitcoin is money , it has a value , we can withdraw it to buy the things that we want, we can provide the family needs , just like the real money does they are both the same.
hero member
Activity: 1106
Merit: 503
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June 01, 2017, 10:37:31 AM
Yes it is a digital money.  Smiley Because it have it's own price, can be used in a lot of shops, online casinos etc. same as fiat money. So why bitcoin is not money? It is money as we can buy something for it.

It was money when it was first released and lots of people used it as money. Now it is more than money. The top altcoins are money now and can be used similarly as fiat. No one spend their BTC, because everyone has heard the million dollar Pizza story.
sr. member
Activity: 253
Merit: 250
June 01, 2017, 10:03:11 AM
Bitcoin more than money. I can earn extra income from bitcoin, and from profits in trading is enough to meet needs of my family. Increasingly popular makes bitcoin prices so fantastic. Maybe this year is bitcoin year
full member
Activity: 378
Merit: 111
June 01, 2017, 09:12:17 AM
Yes i believe that statement that "bitcoin is the new real money" because you can use it to buy things that you ever wanted in online, you can buy your own game too. Bitcoin is a really a money but there are still many people who don't know about bitcoin so the government cannot declare bitcoin as a legal currency, you can only buy things if you convert bitcoin into a real money.
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