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Topic: Is Bitcoin money? - page 13. (Read 112172 times)

full member
Activity: 378
Merit: 101
January 15, 2018, 06:57:40 PM
Short Answer: Yes!
Bitcoin is money for the Internet. It is a scarce digital commodity used as money by millions around the world. People buy coffee with Bitcoin at local shops. Others get paid in Bitcoin and use it to shop online. Friends use it to settle with whoever paid for dinner. Workers send Bitcoin back home to help family, regardless of where they live.

Since its start in 2009, Bitcoin has provided an alternative to traditional government-issued money. No single government, corporation, or nation controls Bitcoin. There is no need for a Bitcoin bank. People store Bitcoin in software called a wallet, which is available for almost any device.

Get started with Bitcoin today.

Long Answer: Bitcoin is More than Money
Bitcoin is more than a system to store and transfer value from one person to another. Bitcoin is a protocol, a computer network, and much more. Read the Getting Started guide first, then head over to the FAQ to learn more about Bitcoin.
newbie
Activity: 14
Merit: 10
January 15, 2018, 06:54:08 PM
For bitcoin to truly become money, it needs to scale as soon as possible. We need a cryptocurrency to fulfill the fast and cheap tx niche.
newbie
Activity: 84
Merit: 0
January 15, 2018, 06:49:02 PM
Whether Bitcoin is a money or not depends upon the jurisdiction we are talking about. In Japan it is money because it has been given recognition as a legal tender or as a legitimate medium of exchange. In India it is not money because in India one cannot use it as a medium of exchange for goods and services. But it is being increasingly used as an investment option in various jurisdictions even where it is not being recognised as money.
newbie
Activity: 84
Merit: 0
January 15, 2018, 06:47:33 PM
Yes it is, bitcoin is what you called digital currency and can be changed into currency of one Nation.
newbie
Activity: 48
Merit: 0
January 15, 2018, 06:38:58 PM
Bitcoin is money just as much as gold is. It's similar to precious metals. If there was no market for them they would be worth nothing but there's a huge market for cryptocurrencies AND precious metals. In my opinion bitcoin will do nothing but rise in price over time and is very precious "money" to hold indeed.
hero member
Activity: 840
Merit: 500
Borderless for People, Frictionless for Banks
January 15, 2018, 06:07:33 PM
Bitcoin is something depending on how and what you use it for. If you use bitcoin to buy or in exchange of product or any items, then it is considered money, a virtual money. Just like fiat, it has currency, bitcoin is a crypto currency and it has value just like money and national currencies do.
: According to Merriam' s dicrionary," money is  something generally accepted as a medium of exchange, a measure of value, or a means of payment", therefore of bitcoin is generally accepted as medium of payment, then it is money. But a digital kind of money. Bitcoin is the standard of crypto currency used to buy other altcoins. Money is just a term. Bitcoin is more than jus a money.
Everything can has value if the people want to set it a fixed value or always fluctuation in the price as Bitcoin.
At begin, nothing has value, but by the demand, the human created value for everything and use money to calculation that value.
member
Activity: 64
Merit: 10
January 14, 2018, 02:14:01 PM
Of course bitcoin is money since you can buy something directly with bitcoin, and the best thing is that we can have total control on our funds and we have our own bank in the form of bitcoin wallet which is accessible to us 24/7 and our money keeps on growing even if we simply hold it for a long term. but at the end it's not actual money, it's more something you invest in which can make you earn real money.
 

Afcourse Bitcoin is a money since you can directly buy with Bitcoin and the best thing is we have all controln on our funds
full member
Activity: 238
Merit: 100
January 14, 2018, 02:10:06 PM
Of course bitcoin is money since you can buy something directly with bitcoin, and the best thing is that we can have total control on our funds and we have our own bank in the form of bitcoin wallet which is accessible to us 24/7 and our money keeps on growing even if we simply hold it for a long term. but at the end it's not actual money, it's more something you invest in which can make you earn real money.
 
newbie
Activity: 72
Merit: 0
January 14, 2018, 01:47:16 PM
Directly I can not say that bitcoin is money. I can say that bitcoin is a digital currency account or a digital coinbase system. We can trancscection by bitcoin. Now many company receive bitcoin as money. Moreover we can change bitcoin as money.
member
Activity: 118
Merit: 10
January 14, 2018, 01:32:19 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.
member
Activity: 126
Merit: 11
ICO Starting on 1st of April
January 14, 2018, 01:32:16 PM
Bitcoin is something depending on how and what you use it for. If you use bitcoin to buy or in exchange of product or any items, then it is considered money, a virtual money. Just like fiat, it has currency, bitcoin is a crypto currency and it has value just like money and national currencies do.
: According to Merriam' s dicrionary," money is  something generally accepted as a medium of exchange, a measure of value, or a means of payment", therefore of bitcoin is generally accepted as medium of payment, then it is money. But a digital kind of money. Bitcoin is the standard of crypto currency used to buy other altcoins. Money is just a term. Bitcoin is more than jus a money.
full member
Activity: 378
Merit: 100
When Football meets Crypto
January 14, 2018, 01:31:17 PM
Bitcoin is money. But for the moment it is very expensive and slow. If the problems are corrected, we will use it as currency in the coming years, not as an investment instrument.

Bitcoin become money when you exchange it to fiat and that is the only reason for people to invest on bitcoins, because we are all waiting for its value to increase further and earn a lot of profit in the future. There are a lot of consumers who are holding their coin longer because they are waiting for the best price to come out at the market, so bitcoins means money and that is all what we are hoping for.
newbie
Activity: 27
Merit: 0
January 14, 2018, 01:18:01 PM
Yes, it is. But it is a little different with currencies we have used before. It is virtual but you can use to buy real things just like before currencies  and trade with it in a easier way. I think it will be replaced by our currencies, since it is really easy to use.
legendary
Activity: 1596
Merit: 1034
January 14, 2018, 01:13:04 PM
Bitcoin is not money, but bitcoin has a price that today may cost more than gold. In that case, since bitcoin has a price then bitcoin can be money when we redeem it in exchange service. So, the conclusion from me is bitcoin can be money because it has a price if bitcoin has no price then bitcoin cannot be money.
jr. member
Activity: 46
Merit: 2
January 14, 2018, 01:11:18 PM
Bitcoin isn't money, but you can think of it as a commodity, it's worth it, it's worth a lot of money, it's worth a lot of money, it's worth a lot of money.
Yes, it is money but a digital money. You can transfer and buy it online instead of face to face trading of physical money. BitcoinCash has also been introduced which fulfills the concept of Money which we can see. Smiley
full member
Activity: 364
Merit: 100
January 14, 2018, 01:10:10 PM
Bitcoin is money. But for the moment it is very expensive and slow. If the problems are corrected, we will use it as currency in the coming years, not as an investment instrument.
newbie
Activity: 99
Merit: 0
January 14, 2018, 01:06:29 PM
why not ?
Because you can use bitcoin as money in your country.You can use bitcoin as your local currency in your counrty in anytime.That's why we can called bitcoin is money.We invest our money into bitcoin for get  profite.Bitcoin is another things of money.You can use bitcoin convert into any currency in the world.so bitcoin is money.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
January 14, 2018, 01:04:22 PM
Of course it’s money just like pussy is money. Women trade pussy for cars, houses, diamonds, gold, dinner, drinks, dollars and movie tickets. If you think about it, pussy is more universally accepted as money than bitcoin. ROFL
member
Activity: 126
Merit: 11
ICO Starting on 1st of April
January 14, 2018, 01:04:22 PM
Bitcoin is something depending on how and what you use it for. If you use bitcoin to buy or in exchange of product or any items, then it is considered money, a virtual money. Just like fiat, it has currency, bitcoin is a crypto currency and it has value just like money and national currencies do.
member
Activity: 118
Merit: 10
January 14, 2018, 12:57:50 PM
Yes i still believe that whatever somebody use in exchange of goods and services stands as money do matter the logic.
So i am strongly says that bitcoin is a part  of currency as it is used of purchase of goods and services.
Bitcoin is not ordinary coin or paper it is a money till thy kingdom come.
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