Topic: Is Bitcoin money? - page 123. (Read 112172 times)
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.
Yes and I think bitcoin is better then gold when it comes to an investment as bitcoin will surely take over the gold in long run and it will give us much better returns on our investments which may not be possible with gold.
Speculation is that bitcoin could over come the price of gold pretty soon because of the nature of bitcoin and it is limited in nature and with more user flocking into it ,the price is bound to increase with every investments and that wont be the case with gold,gold had its run a few years back when it had a good rally and people made the most out of that market and now it is the chance of bitcoin market to shine and remember gold is just a commodity where as bitcoin can be termed as a currency as well as a commodity.Especially nowadays, when we have seen such a big rise on the BTC/USD chart. It has gone up from 1200-1250 to 1330 (with 1377 all-time high) and really shortly after that, BTC just went straight on to 1420$ area.
I really did not expect such a high burst of the BTC price especially in the times when we see many disadvantages of bitcoin. There are many problems with blockchain network bandwitdth, I even have that trouble currently: my transaction did not get confirmed after 5 hours, when the fee is exactly 0.00035 sats. All that uncertainity is a little bit annoying for every BTC user.
Yes and I think bitcoin is better then gold when it comes to an investment as bitcoin will surely take over the gold in long run and it will give us much better returns on our investments which may not be possible with gold.
Speculation is that bitcoin could over come the price of gold pretty soon because of the nature of bitcoin and it is limited in nature and with more user flocking into it ,the price is bound to increase with every investments and that wont be the case with gold,gold had its run a few years back when it had a good rally and people made the most out of that market and now it is the chance of bitcoin market to shine and remember gold is just a commodity where as bitcoin can be termed as a currency as well as a commodity.Yes and I think bitcoin is better then gold when it comes to an investment as bitcoin will surely take over the gold in long run and it will give us much better returns on our investments which may not be possible with gold.
Speculation is that bitcoin could over come the price of gold pretty soon because of the nature of bitcoin and it is limited in nature and with more user flocking into it ,the price is bound to increase with every investments and that wont be the case with gold,gold had its run a few years back when it had a good rally and people made the most out of that market and now it is the chance of bitcoin market to shine and remember gold is just a commodity where as bitcoin can be termed as a currency as well as a commodity. I am buying almost everything with bitcoins and I can even send them and receive them in my wallet like real money so its definitely money to me as I am getting the goods in exchange of my bitcoins.
Nah you are a bit missunderstanding bitcoin isn't money because we need to exchange our local currency first for get bitcoin or sell bitcoin first to get money. IMO what it's mean with money is paper money not digital currency.Lol, care to think of this, your campaign owner pay you with bitcoin for your service right? So from the definition of money, bitcoin does fits it. Aside from that, there are lots of online store that accept bitcoin as payment for their goods, that resembles money right? Then Japan and Philippines announces that bitcoin is money, I bet you won't argue with that. Then west Virginia is considering bitcoin as money since the properties of money can be seen in bitcoin. Now tell me, what argument you have to say bitcoin is not money, because if this is your argument
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Nah you are a bit missunderstanding bitcoin isn't money because we need to exchange our local currency first for get bitcoin or sell bitcoin first to get money
Then in my country I can say USD is not money because I need to convert it to my local currency to spend it.
by the way if this is your definition of money
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IMO what it's mean with money is paper money not digital currency
then coins (metal money) are not money then.
I am buying almost everything with bitcoins and I can even send them and receive them in my wallet like real money so its definitely money to me as I am getting the goods in exchange of my bitcoins.
Nah you are a bit missunderstanding bitcoin isn't money because we need to exchange our local currency first for get bitcoin or sell bitcoin first to get money. IMO what it's mean with money is paper money not digital currency. 
It is clear that bitcoin can be used as money in terms of transactions. I think that anything that people been used in terms of transaction is equally a money.
So whether people like or not bitcoin is a money.
So whether people like or not bitcoin is a money.
I am buying almost everything with bitcoins and I can even send them and receive them in my wallet like real money so its definitely money to me as I am getting the goods in exchange of my bitcoins.
Yes, Here in our country Bitcoin is illegal but I can't remember having my little bit difficulties to use it and convert it to our fiat money. So when there have possibly changed your own money against of any currency, you are free to say that Bitcoin is real money. 
I am buying almost everything with bitcoins and I can even send them and receive them in my wallet like real money so its definitely money to me as I am getting the goods in exchange of my bitcoins.
Well, you can buy anything with bitcoin, because bitcoin also serves as a medium of exchange on the internet, and its function is very similar to money, even can be said with money. But, bitcoin prices have a much higher price than money, so maybe biicoin is money equivalent to goldYes and I think bitcoin is better then gold when it comes to an investment as bitcoin will surely take over the gold in long run and it will give us much better returns on our investments which may not be possible with gold.
I am buying almost everything with bitcoins and I can even send them and receive them in my wallet like real money so its definitely money to me as I am getting the goods in exchange of my bitcoins.
Well, you can buy anything with bitcoin, because bitcoin also serves as a medium of exchange on the internet, and its function is very similar to money, even can be said with money. But, bitcoin prices have a much higher price than money, so maybe biicoin is money equivalent to gold 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.
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 am buying almost everything with bitcoins and I can even send them and receive them in my wallet like real money so its definitely money to me as I am getting the goods in exchange of my bitcoins.
Slowly legal acceptance of bitcoin as a currency is increasing all around. Users have difference in opinion, some give importance as an investment, some for the gambling need and in such a manner there are few people who buy it hold and spend as a currency when the value increase than the price they spend on buying the same.
yes and finally in not too long again, we can see that bitcoin can be accepting in many country, but we need to calm down because there is still many country that is not giving their permission for bitcoin to used by people. but after many people especially the government that thinking that bitcoin is money, then i think they will considering to accepting bitcoin as another ways for payment system beside fiat.
We should have patience for that to happen as it will not be done overnight and bitcoin to get support from Government will take really long time so its better to wait and watch instead of making some false assumptions.
Slowly legal acceptance of bitcoin as a currency is increasing all around. Users have difference in opinion, some give importance as an investment, some for the gambling need and in such a manner there are few people who buy it hold and spend as a currency when the value increase than the price they spend on buying the same.
yes and finally in not too long again, we can see that bitcoin can be accepting in many country, but we need to calm down because there is still many country that is not giving their permission for bitcoin to used by people. but after many people especially the government that thinking that bitcoin is money, then i think they will considering to accepting bitcoin as another ways for payment system beside fiat.
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.
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.
It is a digital equivalent of money.
It can be used to purchase pin to plane so yeah... It does qualify to be a digital currency
It can be used to purchase pin to plane so yeah... It does qualify to be a digital currency
No, it's really not money, it's just a product. A multifunctional product that is of great value and can be traded with other things. More specifically, it can be used in exchange for all other currencies. The things you can buy at online stores are just a trading method, which does not prove that bitcoin is money that can be bought
That's one of the most hilarious things that I read recently
I guess at a certain level we could consider any such exchange as "a trading method" with which you exchange something (let's call it a "trading instrument") for something else. The major problem with this approach is that if this "trading instrument" doesn't have intrinsic value barring transactional utility it fits the definition of money perfectly (in this regard). If it had some intrinsic value, you could call that barter, but since it hasn't, you evidently can't call it so. Thus you don't have many options left
This is a virtual currency that is not regulated by anyone and is afraid to accept it because of an unstable course that can collapse at any moment.
It is a digital equivalent of money.
It can be used to purchase pin to plane so yeah... It does qualify to be a digital currency
It can be used to purchase pin to plane so yeah... It does qualify to be a digital currency
No, it's really not money, it's just a product. A multifunctional product that is of great value and can be traded with other things. More specifically, it can be used in exchange for all other currencies. The things you can buy at online stores are just a trading method, which does not prove that bitcoin is money that can be bought.
It is a digital equivalent of money.
It can be used to purchase pin to plane so yeah... It does qualify to be a digital currency
It can be used to purchase pin to plane so yeah... It does qualify to be a digital currency
Slowly legal acceptance of bitcoin as a currency is increasing all around. Users have difference in opinion, some give importance as an investment, some for the gambling need and in such a manner there are few people who buy it hold and spend as a currency when the value increase than the price they spend on buying the same.
Ya it is true that now most of the big country are accepting bitcoin and its technology , apart from that what you said is also true that the importance of Bitcoin varies according to the acceptance by the users like some use it as investment and some for gambling and some of them are using it like online income as they can convert it to fiat currency and enjoy their life expenses. So Bitcoin is more like a money in each users life.
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