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Topic: Is Bitcoin money? - page 114. (Read 112172 times)

member
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May 20, 2017, 12:17:08 AM
Anything being used for buying, selling, exchange is a money. Bitcoin is a currency. You can earn in bitcoin, you can buy with bitcoin and sell products and receive bitcoin. Like money in the banks which is mostly digital, btc can be considered as digital money.
hero member
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May 19, 2017, 11:57:51 PM
For me yes, bitcoin is a money. Because i can earn money with bitcoin, bitcoin is like my second job though. And yes, you also can use bitcoin as the payment too, it works like money.
Yes I agree,  and of course, in fact we should honestly say bitcoin better than money, because its value is on the rise so it looks very favorable.

Yup ,the fact that its value increasing unexpectedly just by holding it is alot better than money or cash.
sr. member
Activity: 579
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May 19, 2017, 11:13:12 PM
For me yes, bitcoin is a money. Because i can earn money with bitcoin, bitcoin is like my second job though. And yes, you also can use bitcoin as the payment too, it works like money.
Yes I agree,  and of course, in fact we should honestly say bitcoin better than money, because its value is on the rise so it looks very favorable.
full member
Activity: 155
Merit: 100
May 19, 2017, 11:04:37 PM
obviously,
bitcoin is a virtual money, in this current world bitcoin is the most famous and valuable virtual money, day by day it is getting bigger and trusted sector. hopefully, it will be a number one forms of money very soon.
hero member
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May 19, 2017, 06:01:23 PM
Bitcoin is money because I earned money because of bitcoin even Im minor and student only. This my job as of now because Im not finish with my study so bitcoin is very helpful to me . I can buy my wants and needs before I cant afford to buy them but because of bitcoin I can afford now! Bitcoin easy to transact you can send bitcoin anytime and anywhere. Bitcoin can use also to pay our bills and online shopping. Uaing bitcoin have benefits if you have bitcoin to your wallet for sure you can what ever you want in online world.
sr. member
Activity: 462
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May 19, 2017, 05:53:14 PM
Yes bitcoin is a money but it is an electronic money. Actually there are stores that accept Bitcoin as payment just like starbucks they are now accepting bitcoin in change of there products. And I believe soon bitcoin will be accepted on the market it is like a debit electronic money to be used on the market.
yes there is no doubt about bitcon is money and take can be use for purchasing and for so many other purposes, but in present time people are using bitcoin for trading and investment purposes, but in future i am hopeful that we will be able to use bitcoin as for currency purposes.
hero member
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May 19, 2017, 12:08:41 PM
This post began in 2010. It is interesting to see the changes in attitude over 6 or 7 years. Governments rule on what is is according to what benefits them at the time.

Some say money, some say property. It is what is is!


Well if we considere this, it is what it is then Bitcoin is a currency.  from the whitepaper, and definition, Bitcoin is a peer to peer electronic currency.  And now it is being considered as payment method and money by different countries like Japan, Philippines and soon by Australia.  Another good thing with bitcoin is it can be use as store of value too  Tongue

Since Bitcoin is not really accepted as money by other countries by definition that is more like an asset or commodity. So we can say that Bitcoin functions like money and also known as digital currency that is used as a medium of exchange or transactions especially in online world.
Bitcoin for me is money, as long as I can convert it into our currency it is considered for me as money. It maybe used for different aspect of payment like in online, it can also use in other way of services.
hero member
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May 18, 2017, 01:15:29 PM
I do not consider gold to be money.  You can't go and buy most goods and services with gold.  Gold is a commodity, dollars are money. Bitcoin is a virtual currency.  It has more in common with paypal than it does with dollars or with gold.  I wouldn't really call it money until it is more widely accepted as payment for goods and services.
i think everything which have value can be consider as gold. people are using gold for a long long time. they invest their money in gold so as  to  save their money. and if we talk about bitcoin, so bitcoin is money because it can be use for shopping, trading and for nay other purpose, but we do not need to convert it to any other currency. we use it directly for buying selling and for anything.
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May 18, 2017, 12:23:56 PM
The term “Money” is just a regular term brought from the higher class people and allowed the regular people to get brain-washed into thinking that Money means dollar bills/other forms of currency that has no value whatsoever if a big disaster were to happen. I mean you could use banknotes for toilet paper though they have so many germs that it wouldn’t be that smart to do so.
hero member
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May 18, 2017, 12:21:28 PM
I think the bitcoin is money even better than money, with bitcoin transactions we can send and receive money around the world faster and cheaper than real money.
yeah bitcoin is money and we can use bitcoin same as money for buy and sell something and you are right that we can send and receive our money around the world into bitcoin and i think bitcoin solve many problems for people and we can earn more money from bitcoin. 
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Winding down.
May 18, 2017, 10:55:42 AM
Bitcoin is an electronic payment system and operates independently a central bank.Bitcoin to whatever it stake,is still considered money that can also be traded with goods or services.
legendary
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May 18, 2017, 07:59:25 AM
I do not consider gold to be money.  You can't go and buy most goods and services with gold.  Gold is a commodity, dollars are money. Bitcoin is a virtual currency.  It has more in common with paypal than it does with dollars or with gold.  I wouldn't really call it money until it is more widely accepted as payment for goods and services

All your points are debatable

First, gold is not money only in the established sense of the word. It is not used as money (i.e. as a means of payment), so it is not money, as simple as it gets. Nevertheless, it could be said that gold is money in retirement, and likely only temporary one. Many governments (especially those of developing countries like India or China) are hoarding gold like there's no tomorrow. Why are they doing that? Because they know that if shit hits the fan, no one will give a single fuck about their currencies but everyone will like their gold. And then gold will shine again as an international money. Further, I don't think that Bitcoin is like PayPal. Yes, it is a payment system, but you don't transfer dollars or whatever with it, it is an integral part of Bitcoin as such, so there is no valid and plausible reason to say that it is like PayPal just because it is a payment system in its own right. Otherwise, I could just as easily claim that cash is like PayPal (since it is also a payment system in and of itself)
sr. member
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May 18, 2017, 07:51:49 AM
I think the bitcoin is money even better than money, with bitcoin transactions we can send and receive money around the world faster and cheaper than real money.
full member
Activity: 140
Merit: 100
May 18, 2017, 07:38:41 AM
Yes bitcoin is a money but it is an electronic money. Actually there are stores that accept Bitcoin as payment just like starbucks they are now accepting bitcoin in change of there products. And I believe soon bitcoin will be accepted on the market it is like a debit electronic money to be used on the market.
sr. member
Activity: 490
Merit: 250
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May 18, 2017, 07:33:19 AM
For me yes, bitcoin is a money. Because i can earn money with bitcoin, bitcoin is like my second job though. And yes, you also can use bitcoin as the payment too, it works like money.
newbie
Activity: 28
Merit: 0
May 18, 2017, 07:09:21 AM
I do not consider gold to be money.  You can't go and buy most goods and services with gold.  Gold is a commodity, dollars are money. Bitcoin is a virtual currency.  It has more in common with paypal than it does with dollars or with gold.  I wouldn't really call it money until it is more widely accepted as payment for goods and services.
hero member
Activity: 2590
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May 18, 2017, 05:09:53 AM
I thik yes BTCitcoin is mony.Bit coin is online mony.Many online payment I pay with Bitcoin.It is very useful and easy to use.
Bitcoin is one of the popular online payment method as of now based in our country because all of the online sellers that i saw in the internet prefer bitcoin rather than banking or thru remittance and their reason is they want bitcoin because of its growing rate and also faster transaction rather than any payment method that they know.
sr. member
Activity: 283
Merit: 250
Honesty is the best policy
May 18, 2017, 04:47:41 AM
I thik yes BTCitcoin is mony.Bit coin is online mony.Many online payment I pay with Bitcoin.It is very useful and easy to use.
full member
Activity: 210
Merit: 100
May 18, 2017, 04:42:40 AM
Yes since You can convert Your Btc Into real cash and can also use them to exchange or buy , sale products and services . It is Indeed a Money .
hero member
Activity: 837
Merit: 500
May 18, 2017, 01:06:26 AM
Ofcourse bitcoin is a money as we know that it is a digital money. And bitcoin is already used for many transactions like buying materials online, we use it also for gumbling, some people are having a job online to have a bitcoin salary and also some people are using bitcoin for transportation. Bitcoin really is a money.
Yes true, bitcoin can we use to buy anything, so we can say bitcoin is money, the modern transaction currently leaves us hanging with a system that is fast, cheap and safe, for transactions bitcoin better than real money.

indeed it is a money a better version of real ones or cash, a better transaction in an instant,with a convenient wallets, capable of being a bank and a possibility to earn . Bitcoin offers features best suit in managing our money
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