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Topic: Is Bitcoin money? - page 112. (Read 112172 times)

hero member
Activity: 714
Merit: 500
May 22, 2017, 10:10:51 PM
Yes it is money because we can use it to by our needs and we can use it to provide our daily needs, for those who has no jobs for now they might consider bitcoin as an altenative for them to earn money when they have no jobs yet.
Yes its true, because some people dont have jobs but focusing here in bitcoin they earned more compared to the people who are working anywhere. That's why I really agree that bitcoin is really a money once you convert it into cash.
The opportunity to make more money is here but it does not mean it is better than having a job,
there full of risk here and that depends on individual if ha will take the risk.
AFAIK, most of the people are non risk takers so they will not enter into bitcoin, they love the traditional way.
Its not that people who cannot take risk will never enter bitcoin as if they come to know about the opportunities and ways of making profits then surely they will be willing to take calculative risk and will start with a small capital and over a period of time can go with higher capital.
hero member
Activity: 2856
Merit: 667
May 22, 2017, 10:01:57 PM
Yes it is money because we can use it to by our needs and we can use it to provide our daily needs, for those who has no jobs for now they might consider bitcoin as an altenative for them to earn money when they have no jobs yet.
Yes its true, because some people dont have jobs but focusing here in bitcoin they earned more compared to the people who are working anywhere. That's why I really agree that bitcoin is really a money once you convert it into cash.
The opportunity to make more money is here but it does not mean it is better than having a job,
there full of risk here and that depends on individual if ha will take the risk.
AFAIK, most of the people are non risk takers so they will not enter into bitcoin, they love the traditional way.
sr. member
Activity: 378
Merit: 250
May 22, 2017, 09:08:21 PM
Yes it is money because we can use it to by our needs and we can use it to provide our daily needs, for those who has no jobs for now they might consider bitcoin as an altenative for them to earn money when they have no jobs yet.
Yes its true, because some people dont have jobs but focusing here in bitcoin they earned more compared to the people who are working anywhere. That's why I really agree that bitcoin is really a money once you convert it into cash.
hero member
Activity: 3080
Merit: 603
May 22, 2017, 08:34:50 PM
Yes.
Bitcoin is a internet money which we can use it everywhere. Smiley

That's why bitcoin is money, yes it's a real money and we can use it everywhere we want. Like purchasing of goods and services that we want. And if you don't want to spend it, you can make it to a real cash and that's the beauty of bitcoin. It has a lot of purpose and use depending on how you are going to use it.
legendary
Activity: 1110
Merit: 1000
May 22, 2017, 08:33:39 PM
Yes it is money because we can use it to by our needs and we can use it to provide our daily needs, for those who has no jobs for now they might consider bitcoin as an altenative for them to earn money when they have no jobs yet.
sr. member
Activity: 1638
Merit: 300
May 22, 2017, 08:27:10 PM
Yes.
Bitcoin is a internet money which we can use it everywhere. Smiley
It's money because anytime you can exchange it to fiat and enjoy the money. This type of money is more valuable that fiat for us because the value is growing and it gives us a good return of our investment. Not most of the people knew about bitcoin so I am expecting the moment they know it will create big demands and will eventually increase the value.
I agree with you bitcoin is really a money because when the value of the currency increase you then eventually convert it and turn into cash which will you used anywhere and its really a good investment to everybody because it only depends in you if you will convert it easily to cash or live it as it is and also considered as savings as well.

Bitcoin allows us to buy anything by exchanging it either directly or by selling it to fiat so if we can buy any thing using bitcoins then there is no difference between real money and bitcoins as the main purpose is to spend it like other currency and bitcoin is best currency when it comes to online shopping.
Well, we can use bitcoin as a transaction tool, even today bitcoin prices are rising at a very high price. It can make you buy whatever you want if you have enough bitcoin. Well, I think bitcoin has function as money when it has price.

I still don't think bitcoin is a money, it may be used as a transaction tool as what you had said, but if you think about it, monies are centralized, not like bitcoin which is decentralized. I think the word currency, in digital currency doesn't mean money, but means that it is fact or quality that it is being accepted.
legendary
Activity: 2758
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Buzz App - Spin wheel, farm rewards
May 22, 2017, 08:21:40 PM
Yes.
Bitcoin is a internet money which we can use it everywhere. Smiley
It's money because anytime you can exchange it to fiat and enjoy the money. This type of money is more valuable that fiat for us because the value is growing and it gives us a good return of our investment. Not most of the people knew about bitcoin so I am expecting the moment they know it will create big demands and will eventually increase the value.
I agree with you bitcoin is really a money because when the value of the currency increase you then eventually convert it and turn into cash which will you used anywhere and its really a good investment to everybody because it only depends in you if you will convert it easily to cash or live it as it is and also considered as savings as well.

Bitcoin allows us to buy anything by exchanging it either directly or by selling it to fiat so if we can buy any thing using bitcoins then there is no difference between real money and bitcoins as the main purpose is to spend it like other currency and bitcoin is best currency when it comes to online shopping.
Well, we can use bitcoin as a transaction tool, even today bitcoin prices are rising at a very high price. It can make you buy whatever you want if you have enough bitcoin. Well, I think bitcoin has function as money when it has price.
sr. member
Activity: 1204
Merit: 272
1xbit.com
May 22, 2017, 08:10:45 PM
Yes.
Bitcoin is a internet money which we can use it everywhere. Smiley
It's money because anytime you can exchange it to fiat and enjoy the money. This type of money is more valuable that fiat for us because the value is growing and it gives us a good return of our investment. Not most of the people knew about bitcoin so I am expecting the moment they know it will create big demands and will eventually increase the value.
I agree with you bitcoin is really a money because when the value of the currency increase you then eventually convert it and turn into cash which will you used anywhere and its really a good investment to everybody because it only depends in you if you will convert it easily to cash or live it as it is and also considered as savings as well.

Bitcoin allows us to buy anything by exchanging it either directly or by selling it to fiat so if we can buy any thing using bitcoins then there is no difference between real money and bitcoins as the main purpose is to spend it like other currency and bitcoin is best currency when it comes to online shopping.
sr. member
Activity: 378
Merit: 250
May 22, 2017, 07:50:57 PM
Yes.
Bitcoin is a internet money which we can use it everywhere. Smiley
It's money because anytime you can exchange it to fiat and enjoy the money. This type of money is more valuable that fiat for us because the value is growing and it gives us a good return of our investment. Not most of the people knew about bitcoin so I am expecting the moment they know it will create big demands and will eventually increase the value.
I agree with you bitcoin is really a money because when the value of the currency increase you then eventually convert it and turn into cash which will you used anywhere and its really a good investment to everybody because it only depends in you if you will convert it easily to cash or live it as it is and also considered as savings as well.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
May 21, 2017, 08:43:02 PM
Yes.
Bitcoin is a internet money which we can use it everywhere. Smiley
It's money because anytime you can exchange it to fiat and enjoy the money. This type of money is more valuable that fiat for us because the value is growing and it gives us a good return of our investment. Not most of the people knew about bitcoin so I am expecting the moment they know it will create big demands and will eventually increase the value.
hero member
Activity: 504
Merit: 500
May 21, 2017, 06:58:26 PM
I don’t like to compare Bitcoin to regular cash because Bitcoin is only a tool that could be used to get more cash in pretty much any type of situation.
Bitcoin won’t be money unless the people within the IMF decide to put the coin into their Currency list and promote it as well.
i dont agree with you, for me everything that has a value , can be converted, can be use to buy something is actually a money, we cannot see it , we cannot hold it  but still we can use it to buy our goods and pay our bills, in the online bitcoin wallet that we have been using we can pay our bills directly but it has a fee also but a little bit compared to the amount that needed to be pay.
You have made it very simple if you can pay your bills with it and can shop thing with the bitcoin then it is proved that it is money. Being acceptable as a medium of exchange for the goods and services makes me call it money. If you say that it doesn’t have a physical existence it is true it is just like the balance in your mobile.
i think there  is no coubt about this that bitcoin is money.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
May 21, 2017, 03:36:14 PM
    Bitcoin is something radically new. Nothing like Bitcoin has been possible until now. I would go so far as to consider it sui generis; "in its own class".  This makes it important to understand what Bitcoin actually is before we try to describe it to others.

    We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money.

    My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted]

    Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted]

    Webster's Online Dictionary defines money as:
    • 1. The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us".
    • 2. Wealth reckoned in terms of money; "all his money is in real estate".
    • 3. The official currency issued by a government or national bank; "he changed his money into francs".
    • 4. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
    • 5. Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
    • 6. In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.
    [links omitted]
    [/list]

    I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.

    But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money?





    All of that is nice, but bitcoin is money, that is the way it was designed, what this means is that bitcoin is so revolutionary that it has changed the definition of what is called money and what money can do, there are not many inventions that can say they changed the people understanding about a subject.
    hero member
    Activity: 630
    Merit: 500
    May 21, 2017, 11:54:27 AM
    I don’t like to compare Bitcoin to regular cash because Bitcoin is only a tool that could be used to get more cash in pretty much any type of situation.
    Bitcoin won’t be money unless the people within the IMF decide to put the coin into their Currency list and promote it as well.
    i dont agree with you, for me everything that has a value , can be converted, can be use to buy something is actually a money, we cannot see it , we cannot hold it  but still we can use it to buy our goods and pay our bills, in the online bitcoin wallet that we have been using we can pay our bills directly but it has a fee also but a little bit compared to the amount that needed to be pay.
    You have made it very simple if you can pay your bills with it and can shop thing with the bitcoin then it is proved that it is money. Being acceptable as a medium of exchange for the goods and services makes me call it money. If you say that it doesn’t have a physical existence it is true it is just like the balance in your mobile.
    sr. member
    Activity: 350
    Merit: 250
    May 21, 2017, 05:12:33 AM
    Yes.
    Bitcoin is a internet money which we can use it everywhere. Smiley
    hero member
    Activity: 1134
    Merit: 517
    May 21, 2017, 04:51:52 AM
    Actually the gov's have very little say, they just don't realize it yet. Its what the people decide it is not the government.  Those govt types need to start looking for new jobs and can I suggestthey look in the Crypto sector ha ha

    Don't write the governments off like they don't know what Bitcoin is. They are very well aware of what Bitcoin is and how it works, and that they and their corrupted mafia banks are completely outruled. It's not for nothing that certain countries hold a defensive/aggresive stance against Bitcoin. In case of China, they absolutely hate everything that allows people to move wealth from their country to another. Bitcoin is perfectly suitable for that job, and that's exactly why I don't believe China will ever approach Bitcoin in a friendly manner.

    why chian should pose a stance agaionst this when other country in asia are not doing the opposite? i mean in japan with bitcoin you could do the same you can move your wealth outside of japan, but still the government accepted it as a currency

    Uh-oh, it kinda looks you are neither from China nor Japan

    I know that you are from Italy, so it is forgivable that you might not know the history. Japan and China are likely the worst enemies that nations could ever be. And thus it shouldn't be completely ruled out that Japan accepted Bitcoin as a means of payment specifically to spite China. Apart from that, I don't see a lot of reasons why countries should be helping each other when they are in fact more often than not competing between themselves (and sometimes even fighting and killing their folks)
    You would hardly see China and Russia going along with the rest of the world on anyone thing and this situation is not about to change even with the case of Bitcoin. If the rest of the settle to adopt Bitcoin, you will see these two taking the opposite direction as simple as that. Meanwhile both of them already have experimented with the idea of banning Bitcoin, but reality dawned on them that Bitcoin is as free as air, you can hardly cage it or tell it where not to go.

    Nevertheless, Bitcoin appeals even to governments as a store of value - one outstanding feature of money and much as many of them might not be open with, some would no doubt be stacking money in Bitcoin, to run away from inflation and prying eyes.



    full member
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    Blocklancer - Freelance on the Blockchain
    May 20, 2017, 09:33:11 PM
    Bitcoin money is a means of exchange into money that is officially used by the country itself so that its inhabitants can use it.
    legendary
    Activity: 1190
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    Look ARROUND!
    May 20, 2017, 05:56:15 PM
    Bitcoin is not money since the people within the higher class aren't using it to purchase or spend it on things that they don't really care for. Bitcoin would only get called money in a literal term if the people in the Government decide on making Bitcoin more of an electronic currency that it already is.

    If I wanted to give the Government some Bitcoins they would accept it though they won't call it money right now because they know it is not the correct term for it.
    sr. member
    Activity: 750
    Merit: 258
    May 20, 2017, 04:58:38 PM
    Of course bitcoin is money, in fact it has his own market and cryptocurrency in the flow of his value always in the moved, i dont doubt that bitcoin have a place in the near future in the wolrd economy.
    Bitcoin has already had a good place in the economy and everyone who works with the economy knows about Bitcoin. It is playing an important role the economic system and help many people in various waays
    member
    Activity: 118
    Merit: 100
    May 20, 2017, 04:07:07 PM
    Bitcoin is money for me because you can exchange it into fiat. Also even online bitcoin is indeed a money were theres some online store that accept bitcoin. Last, fast transactions when exchange into fiat.
    to me i think we can exchange bitcoin in to fiat. but we do not feel the need, because we can use bitcoin for shopping everything without changing it in to fiat currency, because most of the big onlne shops accepting bitcoin for shopping.
    It seems to me a little wrong to buy any extra goods for bitcoin. Bitcoin can be purely nominally called currencies, basically this subject for investment and other ways of earning money
    hero member
    Activity: 655
    Merit: 500
    May 20, 2017, 02:45:28 PM
    Bitcoin is money for me because you can exchange it into fiat. Also even online bitcoin is indeed a money were theres some online store that accept bitcoin. Last, fast transactions when exchange into fiat.
    to me i think we can exchange bitcoin in to fiat. but we do not feel the need, because we can use bitcoin for shopping everything without changing it in to fiat currency, because most of the big onlne shops accepting bitcoin for shopping.
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