Is Bitcoin money? - page 122. | Bitcointalksearch.org

Sanitough

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Quote from: usefrees on May 02, 2017, 02:11:32 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.

sikke

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Quote from: CryptoBjorn on May 02, 2017, 04:18:40 PM

Quote from: usefrees on May 02, 2017, 02:11:32 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.

I agree it's tempting to see bitcoin just as an asset. But i've use bitcoin as a currency too. So yeah it's not only a fact that bitcoin is a currency but it's also how you treat it.
Buying stuff will give you the feeling of how it is money and believe me there is plenty to buy with bitcoin.

I think that it doesnt really matters if you think that bitcoin is more as an asset than a currency or money, but these answers don't change anything.
As far as I know, bitcoin may bring many great possibilities for anyone, thanks to the availablity on the whole planet.
All you need to use BTC is being connected to the internet, and probably a way to buy BTC, so a bank account.
There is no problem to make payments to your friends or financial partners in bitcoins, this is comfortable in most cases for the both sides of the transaction.

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Quote from: usefrees on May 02, 2017, 02:11:32 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.

I agree it's tempting to see bitcoin just as an asset. But i've use bitcoin as a currency too. So yeah it's not only a fact that bitcoin is a currency but it's also how you treat it.
Buying stuff will give you the feeling of how it is money and believe me there is plenty to buy with bitcoin.

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btc is money
is dollar money Huh

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Quote from: usefrees on May 02, 2017, 02:11:32 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.

What do you mean by saying that the bitcoin performs the functions of gold?
For me and Im sure that also for big amount of people, gold is a thing that may be very useful in the event of ongoing crisis, or some kind of a territorial conflict.
In some cases, that is a crucial factor for some people when it comes to choosing the asset. You cannot really hope that bitcoin will be useful if there will be a war in your country, because nobody will really accept BTC payment in a big danger.
When gold is always something that many people are willing to pay you a lot for it, there is no problem in converting it into food or needed resources.

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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.

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Quote from: Zazzu on May 01, 2017, 04:09:32 PM

Bitcoin is also a money and also an investment for me so I don't like to treat it as a money as I have fiat money to take care of my expenses so most of my coins I save for the future to get best returns on my investments.

We can all agree on the fact that bitcoin is a currency but most of us don’t treat it as such, because us bitcoin users think of it as a type of investment for the most part like gold, we earn it we save it and we hope for the price to go up, and that is the good thing about bitcoin is that it could be used the way you want it, whether to save or spend it.

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Quote from: Lang.143 on May 02, 2017, 09:17:36 AM

Yes,since bitcoin is like a piece of gold,then it produces money.It changes the lifestyle of an individual from nothing to a wealthier person.It can sustain our daily needs from the rewards we gained from it.

I also treat bitcoin as a money and as well as gold. But as you said, it is changing the lifestyle of an individual from nothing to something.

But it depends on how much or how many bitcoin he is holding, if he holds two digits up to thousands of bitcoin then that will make him pretty rich.

And that person will not think about his future already because he has the money now, he's going to think on how he can remain that wealth or grow it.

He will not think about working anymore because he is abundant in money already.

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Quote from: d-trixx on May 02, 2017, 10:36:42 AM

Bitcoin is a virtual currency and an investment opportunity. It's hard to call real money, but you can make good money on it.

Bitcoin is being used for many purposes and it can be both virtual currency and an investment. And moreover, it can be a type of safe which help us to secure our money and protect it from being harmed and stolen by physical damage and people

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Quote from: jgarzik on September 21, 2010, 12:12:09 PM

Quote from: fresno on September 21, 2010, 10:27:08 AM

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.

+1 agreed. It's a commodity, a digital store of value.

That is what I thought too and you got nothing to hold on to. Unlike gold which got a physical thing. This one is really risky but awesome when it comes to volatiliity.

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Bitcoin is a virtual currency and an investment opportunity. It's hard to call real money, but you can make good money on it.

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Quote from: n0ne on May 02, 2017, 09:10:26 AM

Quote from: Zazzu on May 01, 2017, 04:09:32 PM

Bitcoin is also a money and also an investment for me so I don't like to treat it as a money as I have fiat money to take care of my expenses so most of my coins I save for the future to get best returns on my investments.

As quoted bitcoin have got multipurpose usage. Each gives preference based on the way they consider it. Probably most consider it an investment for a better future. I too save it as much possible through different sources available as it gives spending as well earning accessibilities.

You should save as many Bitcoin as you can because it is not only a type of money but it also treasure, technology, and potential. I have more than 10 Bitcoin right now and I will try to earn more. Perhaps I will have 20 bitcoin at the end of 2017

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Seeing from the rapidly changing bitcoin price movement then I say that bitcoin is not just a currency. Bitcoin can be called an investment, because by having bitcoin we can easily benefit when there is a rise in bitcoin prices in the world market.

Lang.143

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Yes,since bitcoin is like a piece of gold,then it produces money.It changes the lifestyle of an individual from nothing to a wealthier person.It can sustain our daily needs from the rewards we gained from it.

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Quote from: Zazzu on May 01, 2017, 04:09:32 PM

Bitcoin is also a money and also an investment for me so I don't like to treat it as a money as I have fiat money to take care of my expenses so most of my coins I save for the future to get best returns on my investments.

As quoted bitcoin have got multipurpose usage. Each gives preference based on the way they consider it. Probably most consider it an investment for a better future. I too save it as much possible through different sources available as it gives spending as well earning accessibilities.

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Quote from: Lady Coquet on May 02, 2017, 08:50:14 AM

In my own point of view i consider bitcoin as a real money because you can use it to pay all your expenses at your homes and you can use it to buy the things you wanted in online shopping. Bitcoin is a real money even it is not accepted by the government but because you can also convert it to make it into a real money. We can consider bitcoin as an online money.

Bitcoin is something that has monetary value and at the same time, it posses the characteristics of the ideal characteristics of the money (a medium of exchange etc). We can exchange it, we can divide it into smaller parts, it has mutual trust and so on. However, it is still not a currency because not everyone is using it today. Those who have no idea about bitcoin might refuse to accept it even if they are in the area where bitcoin is legal. It is a long-term battle, not only with the govt policies but also with such obstacles.

Lady Coquet

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In my own point of view i consider bitcoin as a real money because you can use it to pay all your expenses at your homes and you can use it to buy the things you wanted in online shopping. Bitcoin is a real money even it is not accepted by the government but because you can also convert it to make it into a real money. We can consider bitcoin as an online money.

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Quote from: hugolp on September 23, 2010, 12:01:19 AM

Quote from: theymos on September 21, 2010, 12:50:17 PM

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

Bingo!

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Based on my own Bitcoin isn't money it always needs to convert or exchange into fiat before it becomes moneyi believed that bitcoin is ditigal currency only that can used through internet however this is the way on how we can get money for trading and investments also can be done with transactions world wide with less fee's

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Quote from: bitllionaire on May 01, 2017, 01:52:18 PM

Quote from: batang_bitcoin on May 01, 2017, 09:17:03 AM

Quote from: freedomgo on May 01, 2017, 01:32:42 AM

Quote from: batang_bitcoin on April 30, 2017, 09:29:38 PM

Quote from: flipstyle on April 30, 2017, 06:33:07 PM

Bitcoin can be used to send and receive money, I can also buy things using bitcoins can pay my bills and recharge my cell phone so for me its a money as after spending it I am getting the things that I want in return so for me both are the same form of money.

It has a lot of features, it is not just a simple digital money, it has also a feature of you can use it for sending and receiving. You don't have to use any other third party websites just for sending your balance but as long as you can send it to the right wallet then you are doing it the right way. I just recently used bitcoin by buying my prepaid load.

The government can make a fast system anytime they want since they have all the resources to do it but bitcoin as a money is different from the usual money, thus some people has a hard time understanding bitcoin. Bitcoin is decentralized which is awesome that we will not be in control of the government, it's value is not subject for inflation where usual money is, so it's an opposite and we like it because it's freedom as well.

Yeah bitcoin's decentralization is really good for us but not for the government. But once they are able to make some regulation about bitcoin and that is going to make the government interested with it because of taxation. And I know there are countries that are already putting tax to bitcoin which signifies that is a real money.

i think a time will come when government will also accept bitcoin as legal currency, but i think it will take a little more time. as we can see that the number of bitcoin users is continuously increasing which is making government to think about to turn bitcoin as legal currency. i also think that bitcoin is a decentralize digital currency which can be use both for online as well as in physical shops for shops without changing it in to fiat currency.

I believe that this is going to happen one day, imagine that if there are people that are using bitcoin to a certain country and the government founds out that they are not paying tax and they have a lot of transactions daily and they are earning millions because they don't have law for it. What do you think will happen? The government will be forced to adopt.

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