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Topic: Is Bitcoin money? - page 125. (Read 112172 times)

legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
April 30, 2017, 09:17:17 AM
It's rising in value and you can use it now for almost anything. I don't earn any fiat as I don't have a job. For myself earning some bitcoin and altcoins has given me the capacity to feel useful again. I class Bitcoin a better alternative to fiat and class it as real money.
newbie
Activity: 24
Merit: 0
April 30, 2017, 09:14:37 AM
For me bitcoin is a money since you can convert bitcoin into Dollar etc
sr. member
Activity: 406
Merit: 250
April 30, 2017, 08:58:21 AM
It represents the value of products. You can do anything with it what you can do with your national currency. Some companies even have this option to take your salary in BTC. If you work for money, BTC is money too.
Yes, I agree, but bitcoin is more than money, when we talk about the price and other different ways. So generally bitcoin is like money. We can spend it and use it like we want without any problem. but i think the difference only for the value or maybe when we talk about crypto and physical currencies.
I think bitcoin is not money, it's actually a commodity product, a digital product of great value. People often call it virtual currency, which is not wrong, but its essence is the product, it can be converted into cash. All material (including digital), when placed in any denomination, is a product, it can be used for sale. So, it is not money.
legendary
Activity: 2156
Merit: 1132
April 30, 2017, 08:41:03 AM
Yes. bitcoin extended meaning of money. Traditionally money like a gold coins has saving function when new generations of people may spend them in few decades from ancestors death by inheritance. Cost true money increase by time. modern fiat money inflate too fast and we must spend them on realty for good safety. But realty not reliable too....
legendary
Activity: 3374
Merit: 1824
April 30, 2017, 07:24:01 AM
Yes and no Smiley
For example, I recently heard from one company in my country, that they don't pay value added tax on buying or selling bitcoins.
The tax exemption they received on the basis of taxpayer's opinion that bitcoin is a banknote which is normally not used as a statutory payment instrument.
So, central bank in my country didn't recognize bitcoin as official currency and for tax office bitcoin is not legal way of payment, but they accepts that bitcoin is currency in some way.



full member
Activity: 394
Merit: 100
April 30, 2017, 06:52:08 AM
maybe bitcoin the same a gold?
sr. member
Activity: 1274
Merit: 293
April 30, 2017, 06:49:00 AM
Yes bitcoin is an electronic money. Through bitcoin you can convert it on what currency of money do you have. Example for me I am here at Philippines so my bitcoin is converted to the Philippine peso . It is really helpful because I believe time will come that bitcoin will succeed and will be use globally as an electronic money.
hero member
Activity: 2590
Merit: 644
April 30, 2017, 04:09:15 AM
Bitcoin for me was an answered prayer to me, I know and I believed that bitcoin is the key to achieve all my dreams
in life, in terms of financial, part time income, business, Assets, and Savings. Wink
There is no doubt that bitcoin will be the answer to most of our prayers like the solve to our financial problems. It is good for us that we already started doing bitcoin even we can consider that the price is high now but soon it will be higher and we got the advantage which is implementing the bitcoin into our life in a way earlier.
sr. member
Activity: 777
Merit: 251
April 30, 2017, 04:01:45 AM
Bitcoin for me was an answered prayer to me, I know and I believed that bitcoin is the key to achieve all my dreams
in life, in terms of financial, part time income, business, Assets, and Savings. Wink
hero member
Activity: 1176
Merit: 509
April 30, 2017, 01:51:23 AM
Bitcoin is virtual money because it can to transact in the sale and purchase of goods or in other words can as a means of payment. If it meets the element like that I think it can be called money

I don't agree with this. As you said, Bitcoin is a virtual money. When we say money, it should have a physical form and value. It has a value but no physical form. I think the proper term is currency. Bitcoin is a Digital Currency.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
April 29, 2017, 10:22:21 PM
It represents the value of products. You can do anything with it what you can do with your national currency. Some companies even have this option to take your salary in BTC. If you work for money, BTC is money too.
Yes, I agree, but bitcoin is more than money, when we talk about the price and other different ways. So generally bitcoin is like money. We can spend it and use it like we want without any problem. but i think the difference only for the value or maybe when we talk about crypto and physical currencies.
Bitcoin is more than a money to me, I mean more than fiat because it gives more value of our savings. In the future the value will grow and holders will be most likely be benefited on it. It has a big value so it's a clear money, and in fact I am accumulating more bitcoins for my future because I don't think the value will fall in the long run.
sr. member
Activity: 434
Merit: 250
April 29, 2017, 04:45:48 PM
It represents the value of products. You can do anything with it what you can do with your national currency. Some companies even have this option to take your salary in BTC. If you work for money, BTC is money too.
Yes, I agree, but bitcoin is more than money, when we talk about the price and other different ways. So generally bitcoin is like money. We can spend it and use it like we want without any problem. but i think the difference only for the value or maybe when we talk about crypto and physical currencies.
full member
Activity: 162
Merit: 100
Reich mir die Hand
April 29, 2017, 04:14:50 PM
It represents the value of products. You can do anything with it what you can do with your national currency. Some companies even have this option to take your salary in BTC. If you work for money, BTC is money too.
legendary
Activity: 2912
Merit: 1068
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April 29, 2017, 11:51:29 AM
Maybe by the definition Bitcoin is not money in full sense of that word but since is used for paying of goods and services it actualy acts like money. It has value that could be considered as real value of real money. More or less it depends of the point of view but I see Bitcoin as a sort of money and I often use it as money.
sr. member
Activity: 1176
Merit: 252
April 29, 2017, 11:40:41 AM
Well, the bitcoin can be said to be money, but it depends on the person who sees it, because many of us see bitcoin as a very good investment tool, and it is very proven. Well, I see it as currency, and investment tool.
full member
Activity: 182
Merit: 101
April 29, 2017, 11:15:53 AM
Bitcoin is virtual money because it can to transact in the sale and purchase of goods or in other words can as a means of payment. If it meets the element like that I think it can be called money
sr. member
Activity: 910
Merit: 251
April 29, 2017, 11:08:11 AM
Yes bitcoin for me is Money, actually it is similar to Gold while bitcoin was use as online payment just like paypal. Bitcoin is not just only being use as online payment but also use for daily spending like money transfer, through remittances outlet, then can be use for mode of payments in billings, then use for online shopping lastly bitcoin has value were it can be trade in the market trading platform.
sr. member
Activity: 784
Merit: 250
April 29, 2017, 10:35:02 AM
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
I secondly agree with you..medium of exchange is money.

Bitcoin is like a commodity, a high-value, high-value digital commodity. It can be compared to money, like the gold of the technological world, however, its true nature is quite different, it is not really a coin, its value needs to be converted from real money. In other words, it depends on real money, a dependent currency and other currencies, it is no longer money, it is commodity.

I think the Bitcoin is money, but unlike fiat money can we hold and feel, Bitcoin is an
extremely valuable number which is created by a process that is difficult enough.
hero member
Activity: 1344
Merit: 502
April 29, 2017, 10:06:31 AM
What I can say is bitcoins are virtual internet money, controlled by all the people
using this anonymous virtual currency, so yes bitcoin is definitely money because you can exchange these coins
to any money exchange you want to.Cheesy
sr. member
Activity: 406
Merit: 250
April 29, 2017, 09:33:17 AM
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
I secondly agree with you..medium of exchange is money.

Bitcoin is like a commodity, a high-value, high-value digital commodity. It can be compared to money, like the gold of the technological world, however, its true nature is quite different, it is not really a coin, its value needs to be converted from real money. In other words, it depends on real money, a dependent currency and other currencies, it is no longer money, it is commodity.
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