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Topic: Is Bitcoin money? - page 118. (Read 112173 times)

legendary
Activity: 3234
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May 13, 2017, 09:00:21 PM
Yeah it is a money on its state now but not a full money to be considered like what other users says.You can just consider bitcoins as pure money when you can spend it anytime and anywhere in the world
yes there is no doubt about this that bitcoin is money.  because we can use bitcoin for shopping online using bitcoin and without changing the bitcoin in to local currency. in some places we even can use it in local shops.
This is the only digital currency that has got the increased acceptance into online stores aa well on other platforms. Apart from this few altcoins have getting accepted into gambling websites. So it depends on the user who make use​ of it, mainly its given importance as an investment and  later on as Japan has legalized the usage bitcoin has got circulated much as a currency than the past.
full member
Activity: 244
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May 13, 2017, 08:02:36 PM
Yes, bitcoin is money. It is a type of currency. Anything you use for saving, spending, earning and exchange is money. It is a digital currency which can change the world's view in using money. Some uses of money that bitcoin do is; it can enable you to buy online products, spend, gamble and many more.
hero member
Activity: 655
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May 13, 2017, 06:50:54 PM
Yeah it is a money on its state now but not a full money to be considered like what other users says.You can just consider bitcoins as pure money when you can spend it anytime and anywhere in the world
yes there is no doubt about this that bitcoin is money.  because we can use bitcoin for shopping online using bitcoin and without changing the bitcoin in to local currency. in some places we even can use it in local shops.
hero member
Activity: 504
Merit: 500
May 13, 2017, 04:01:02 PM
Yeah it is a money on its state now but not a full money to be considered like what other users says.You can just consider bitcoins as pure money when you can spend it anytime and anywhere in the world
Yeah bitcoin is not fully formed as a money because you cannot spend it everywhere and it is not like our fiat currency that is very easy to use in doing transactions like buying some stuffs everywhere. Bitcoin is money but it is not made to compete the existing currencies now because it is just made for additional payment system.
but to me  i think there is no doubt that bitcoin is money, because bitcoin is created as online currency but not in some places even people are using bitcoin in local shops for shopping and without converting it into local currency. therefore i think that there is no doubt that bitcoin s money and is use for shopping and other purposes as currency.
hero member
Activity: 1148
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May 13, 2017, 02:45:55 PM
Oh, maybe this is not money in full, but it fulfills the function of money, cause we can use bitcoin for buing and selling. So, I think that it can be called a full currency.
We can consider bitcoin as money, because it is a digital currency which can use for buying and selling using online shops, even in some areas bitcoin can also be use in local shops. But as the users of bitcoin are not too many therefore most of the people are using it as for investment and making good money from it. Because the price of bitcoin is increasing continuously.
hero member
Activity: 700
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May 12, 2017, 02:39:32 PM
No matter how other people think for me bitcoin is money even though it is a kind of virtual currency which can be used only in online.
Bitcoin is money, but most people also use it as an investment tool, especially for moments like this. See the rapidly rising bitcoin price development, making people see bitcoin as a more profitable investment tool, rather than seeing it as money.
The actual problem that we came across is that many of the people around don’t really know the meaning and the definition of the money which causes them confusion about the bitcoin to accept that it is money but a new technological and improved form of money which you don’t need to carry in your pocket or store physically.
hero member
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May 12, 2017, 02:14:13 PM
Bitcoin is cryptocurrency and currency means money so, yeah bitcoin is money !
It is a currency in its initial stage which has started to gain more popularity recently.
Bitcoin serves as money to buy and sell things, but it is better than fiat as its price is increasing which is profitable.
sr. member
Activity: 686
Merit: 253
May 12, 2017, 01:57:29 PM
Yeah it is a money on its state now but not a full money to be considered like what other users says.You can just consider bitcoins as pure money when you can spend it anytime and anywhere in the world

Even apart from the USD$ and a few currencies you cannot spend the other fiats anywhere and at anytime in the world so why burden Bitcoin with this. On the contrary Bitcoin is actually the only currency that can be spent anywhere in the world if internet is accessible. Bitcoin is pure money with its own payment processor (blockchain technology) and can do whatever fiat currencies can do except that it is not printed out as paper notes or coins.
sr. member
Activity: 924
Merit: 255
May 12, 2017, 11:19:45 AM
in a short words yes bitcoin is a money Cheesy, in other words bitcoin is more than money
That is true. Bitcoin is more than money. Bitcoin is a revolution,  a new technology and a type of long term investment. I dont know why there are still many people ignore the benefits of Bitcoin
Yeah I agree that it is more than the traditional money concept. It provides us many opportunities to earn it and to make more wealth while the traditional money concept does not allow us with all these. I don’t see the features of any fiat that provides the opportunity like the signature campaign through which we can earn.

Bitcoin more than money. From bitcoin, i can buy gadgets or other items by not disrupting my main job. Bitcoin becomes both, income and savings.
hero member
Activity: 826
Merit: 1000
May 12, 2017, 10:54:48 AM
in a short words yes bitcoin is a money Cheesy, in other words bitcoin is more than money
That is true. Bitcoin is more than money. Bitcoin is a revolution,  a new technology and a type of long term investment. I dont know why there are still many people ignore the benefits of Bitcoin
Yeah I agree that it is more than the traditional money concept. It provides us many opportunities to earn it and to make more wealth while the traditional money concept does not allow us with all these. I don’t see the features of any fiat that provides the opportunity like the signature campaign through which we can earn.
legendary
Activity: 3514
Merit: 1280
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May 12, 2017, 03:20:23 AM
Yesterday i asked a developer, that looks doesnt know at all what is bitcoin, and his words were it will worth 0,10 dollars into 2-3 years, i had almost said a lot of things about what he dont know about, but well. But atleas he knows it worths money, soo i do use bitcoin the same way i do use fiat saving, as well investing it.

You could just as well ask a plumber what he thinks about Bitcoin

And his reply would be as relevant as that of your developer. Even distinguished economists are arguing about Bitcoin future, and they all come to different, sometimes opposite conclusions. As to me, most developers are pretty dumb beyond the field of their interest (i.e. developing), but, on the other hand, essentially the same can be said in respect to almost any field of human activity which requires a very specific mode of thinking (especially, technical disciplines). Long years devoted to such thinking seem to damage certain parts of their brain in favor of excessively developing (yeah) just one part of it (see Mr. Robot TV series to get an idea)
legendary
Activity: 1554
Merit: 1054
May 12, 2017, 01:36:28 AM
Yesterday i asked a developer, that looks doesnt know at all what is bitcoin, and his words were it will worth 0,10 dollars into 2-3 years, i had almost said a lot of things about what he dont know about, but well. But atleas he knows it worths money, soo i do use bitcoin the same way i do use fiat saving, as well investing it.
It is not something new for me because in the region I live many of the people don’t really know that there exists any concept of the digital money. Even after trying to convince some of my close friends a few years back I found it hard.

But fortunately, now a day we have the lower percentage of people who don’t know the bitcoin or any other digital currency. It means bitcoin is just becoming similar to real money.
hero member
Activity: 2590
Merit: 644
May 12, 2017, 01:33:54 AM
Yeah it is a money on its state now but not a full money to be considered like what other users says.You can just consider bitcoins as pure money when you can spend it anytime and anywhere in the world
Yeah bitcoin is not fully formed as a money because you cannot spend it everywhere and it is not like our fiat currency that is very easy to use in doing transactions like buying some stuffs everywhere. Bitcoin is money but it is not made to compete the existing currencies now because it is just made for additional payment system.
hero member
Activity: 742
Merit: 500
May 12, 2017, 01:28:01 AM
Bitcoin could be called both as money and commodity.
Since people invest in bitcoins with the idea of getting more returns,it could be considered as a commodity.
But at the same time,bitcoin could be used for buying goods and could be easily transferred like currrency.Hence,bitcoin could also be considered as money.
sr. member
Activity: 1358
Merit: 259
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May 12, 2017, 01:15:47 AM
Bitcoin like pearl shells found in the sea. Of course bitcoin is not coin or paper money. But bitcoin is money, digital money that has fantastic prices. Because bitcoin has, all functions.
sr. member
Activity: 742
Merit: 397
May 12, 2017, 01:10:07 AM
Yeah it is a money on its state now but not a full money to be considered like what other users says.You can just consider bitcoins as pure money when you can spend it anytime and anywhere in the world
full member
Activity: 193
Merit: 100
May 12, 2017, 12:57:18 AM
yes bitcoin is money but its not 100% money because it was not yet accepted by everyone or government so till government not accept bitcoin as money we can't say it is money if we say bitcoin is money for now then everyone start creating their own coin and join in market distribution and start saying their coin or asset is money.

That is because there are loopholes, different opinions, ideas about cryptocurrencies. Mixing Cryptocurrency in the current central banks system is like water and oil. Tho' some central banks are open on how they will regulate cryptocurrencies but they are still have a long way to go on how the block chain network and the function of Bitcoin will collide with the worlds monetary system.
sr. member
Activity: 952
Merit: 267
May 11, 2017, 09:35:16 PM
yes bitcoin is money but its not 100% money because it was not yet accepted by everyone or government so till government not accept bitcoin as money we can't say it is money if we say bitcoin is money for now then everyone start creating their own coin and join in market distribution and start saying their coin or asset is money.
hero member
Activity: 910
Merit: 509
May 11, 2017, 04:07:54 PM
For me, bitcoin is not money. It performs the functions of gold, payment of the system and cash. Bitcoin is something in common with what I called.
We have different understanding but for me it's money because it has a value and more valuable than fiat.
When I have a lot of bitcoins, I will think I am rich because it's money that I am holding.

If you have a lot of gold you will think you are rich as well, but gold is not money, right? It is money if you are spending it on your daily expenses. But if you are just holding it, then it just becomes an investment.
One of the qualities of money is that it should also be a store of value and gold is an asset that serves as a good store of value, so we can rightly say that gold is also a form of money which one can easily exchange for cash anytime anywhere across the globe. It is readily acceptable because people see it as a form of money.
Yes gold definitely is a form of money. If you look at the history of the paper money or coins etc. it basically started from gold. At first when there was no paper money people used the gold as a medium of exchange for the services and goods. More after things when get sophisticated the paper money was formed.
sr. member
Activity: 505
Merit: 250
May 11, 2017, 02:34:02 PM
Actually, bitcoin is different from money, because bitcoin can also be used as investment tool. But because the price is high enough, people tend to use bitcoin as a medium of exchange. Well, it can be a money or a means of transaction depending on its use.

Bitcoin is much better than money. Bitcoin has two favorable sides, as both money and investment. If we keep it for a long time, it's very possible that we'll gain profit. And now many online stores that adopt bitcoin as payment.
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