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.
Topic: Is Bitcoin money? - page 135. (Read 112172 times)
I think that first we have to agree about clear definition, ''what is money?''.
With my local currency I can buy things.
With Bitcoin I can also buy things but only with limited number of merchants, for now.
With my local currency I can make deposits in the bank.
With bitcoin I can't.
With my local currency I can pay my mortgage.
With bitcoin I can't.
So, in some aspects, I can use bitcoin as money but in other I can't.
Of course, I can't report bitcoin income to the government and pay taxes, but I'm fine about it
With my local currency I can buy things.
With Bitcoin I can also buy things but only with limited number of merchants, for now.
With my local currency I can make deposits in the bank.
With bitcoin I can't.
With my local currency I can pay my mortgage.
With bitcoin I can't.
So, in some aspects, I can use bitcoin as money but in other I can't.
Of course, I can't report bitcoin income to the government and pay taxes, but I'm fine about it
I can buy anything with bitcoins and even I can send money to my friends and family using bitcoins so its a real money for me and there is no difference in it and real money as ultimately its giving us an source of income in digital form.
The thing is if we can use it as mode of payment then it is money. Anything that is accepted as payment is considered as money, regardless of its state, either digital or physical. But there are only limited countries consider Bitcoin as payment, I hope there is more and more country to acknowledge Bitcoin as money the same way Japan recognizes Bitcoin.
We want that other countries should start following Japan and if that happens then bitcoin will become more popular and powerful currency and it will surely take its price to the moon but I think it will take long way for that to happen.
It will take long time but we all hope to make money in future selling of bitcoins as well. Everyone is looking forward to the price of bitcoin like any other currency and so its not much different from cash money.
What is important in bitcoin is that it is more of a trading commodity since the price is big now. Everyone wants to trade in bitcoin and earn their share of coins.
I can buy anything with bitcoins and even I can send money to my friends and family using bitcoins so its a real money for me and there is no difference in it and real money as ultimately its giving us an source of income in digital form.
The thing is if we can use it as mode of payment then it is money. Anything that is accepted as payment is considered as money, regardless of its state, either digital or physical. But there are only limited countries consider Bitcoin as payment, I hope there is more and more country to acknowledge Bitcoin as money the same way Japan recognizes Bitcoin.
We want that other countries should start following Japan and if that happens then bitcoin will become more popular and powerful currency and it will surely take its price to the moon but I think it will take long way for that to happen.
I can buy anything with bitcoins and even I can send money to my friends and family using bitcoins so its a real money for me and there is no difference in it and real money as ultimately its giving us an source of income in digital form.
The thing is if we can use it as mode of payment then it is money. Anything that is accepted as payment is considered as money, regardless of its state, either digital or physical. But there are only limited countries consider Bitcoin as payment, I hope there is more and more country to acknowledge Bitcoin as money the same way Japan recognizes Bitcoin.
I can buy anything with bitcoins and even I can send money to my friends and family using bitcoins so its a real money for me and there is no difference in it and real money as ultimately its giving us an source of income in digital form.
Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.
Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.
And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
Yes this is just an beginning and in future we will see many more countries that will start accepting bitcoins as payment method and also as a currency and that will attract those people who have not heard about the bitcoins.
There is no doubt about that type of scenario. Due to the start of acceptance of bitcoin by different countries, we may expect that more and more countries will accept bitcoin as a method of payment. Soon we will expect that more news will emerge about a new country that accepts bitcoin or new multinational businesses will start to accept bitcoin. These type of news will appear month after month or even week after week. We will witness the fast growth of bitcoin.
And this same scenario will trigger Internal Revenues Dept. to put taxes on Bitcoin transaction (not onchain of course). We all know that money when earned or used where being taxed. Since Bitcoin is already considered by several country as money then probably the next thing we will see is the implementation of taxes.
Bitcoin is a product that can be traded for good and services. Much the same as tulips, jewels, auto, silver, gold, orange juice, pretty much anything you can consider. But, can we think of it as money?
No, we can't. Bitcoin is a denominated commodity that is electronically tradable. It is not electronic dollars. It is more similar to digital gold or digital wheat for that matter. There are 21 million of them. Each can further be divided into 100,000,000 subsections (8 decimal places). That is 2,100,000,000,000,000 bitcoins, or 2.1 quadrillion pieces.
then can you buy a cup of coffee with a silver? you can buy t-shirt, laptop, house and almost anything with bitcoin. for me as long as it could be used to buy something then it's a money. bitcoin even more than just money, it's a revolutionary money that unusual but become popular nowadays as an investment but also a lot of people used it to shopping onlin , trade online etc.No, we can't. Bitcoin is a denominated commodity that is electronically tradable. It is not electronic dollars. It is more similar to digital gold or digital wheat for that matter. There are 21 million of them. Each can further be divided into 100,000,000 subsections (8 decimal places). That is 2,100,000,000,000,000 bitcoins, or 2.1 quadrillion pieces.
If bitcoin is the second choice of the people that means that it has not replaced fiat and fiat is still on the mainstream and people will use bitcoin as their secondary currency and even if bitcoin becomes more popular in future I don't think it can ever replace fiat.
Bitcoin is a product that can be traded for good and services. Much the same as tulips, jewels, auto, silver, gold, orange juice, pretty much anything you can consider. But, can we think of it as money?
No, we can't. Bitcoin is a denominated commodity that is electronically tradable. It is not electronic dollars. It is more similar to digital gold or digital wheat for that matter. There are 21 million of them. Each can further be divided into 100,000,000 subsections (8 decimal places). That is 2,100,000,000,000,000 bitcoins, or 2.1 quadrillion pieces.
then can you buy a cup of coffee with a silver? you can buy t-shirt, laptop, house and almost anything with bitcoin. for me as long as it could be used to buy something then it's a money. bitcoin even more than just money, it's a revolutionary money that unusual but become popular nowadays as an investment but also a lot of people used it to shopping onlin , trade online etc.No, we can't. Bitcoin is a denominated commodity that is electronically tradable. It is not electronic dollars. It is more similar to digital gold or digital wheat for that matter. There are 21 million of them. Each can further be divided into 100,000,000 subsections (8 decimal places). That is 2,100,000,000,000,000 bitcoins, or 2.1 quadrillion pieces.
Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.
I don't think so, because bitcoin is a money, but not the real money that we are using in the real world, bitcoin is a "money" that we are using online to buy things that we do need and so on, and bitcoin doesn't need to be use in all the countries around the earth just to call it a money or fiat. Because if bitcoin would be a currency, I think that in a way, bitcoin would be similar into fiat if this thing really happens in the future and also the Government might do whatever it takes just to make bitcoin a centralized one, for them to steal it from people.
Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.
Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.
And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
Yes this is just an beginning and in future we will see many more countries that will start accepting bitcoins as payment method and also as a currency and that will attract those people who have not heard about the bitcoins.
This is always a good news and a boost to the economy as well. The more people use and buy bitcoin the better for the traders since the prices will rise and they can make profits from the market.
Merchants and Buyers if both accept bitcoin in a proper number then bitcoin popularity wil increase and more people will be drawn to it as well. So its simply like any other money and web wallet.
Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.
Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.
And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
Yes this is just an beginning and in future we will see many more countries that will start accepting bitcoins as payment method and also as a currency and that will attract those people who have not heard about the bitcoins.
There is no doubt about that type of scenario. Due to the start of acceptance of bitcoin by different countries, we may expect that more and more countries will accept bitcoin as a method of payment. Soon we will expect that more news will emerge about a new country that accepts bitcoin or new multinational businesses will start to accept bitcoin. These type of news will appear month after month or even week after week. We will witness the fast growth of bitcoin.
Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.
Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.
And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
Yes this is just an beginning and in future we will see many more countries that will start accepting bitcoins as payment method and also as a currency and that will attract those people who have not heard about the bitcoins.
Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.
Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.
And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
Yes as long you use a thing to pay it is called money, so Bitcoin and other cryptocurrecy is a money that thing that it is different with the fiat is it's appearance because bitcoin is a digital currency. So bitcoin is a money and the other alt coin too.
I do not agree with what you say, bitcoin is not an altcoin, it is a core coin, it is the foundation of all the other altcoins. It's like a common currency of technology, it has the same power and power as cash. Bitcoin is a digital coin that represents the evolution of technology, it is even stronger than many of the current cash in the world.Yes as long you use a thing to pay it is called money, so Bitcoin and other cryptocurrecy is a money that thing that it is different with the fiat is it's appearance because bitcoin is a digital currency. So bitcoin is a money and the other alt coin too.
Bitcoin is money but its not an altcoin for sure in fact its an foundation of other altcoins as you cannot use any altcoin for buying or getting fiat in hands and if you have to do then first you need to sell your altcoin to bitcoin and then can get fiat currency.
I am sorry guys but it seems that you misunderstood what @Yatsan stated. The bold and underlined portion of his passage, I think, was the source of the misunderstanding. He/she stated that bitcoin is a money and altcoins are also money. He/she did not say that bitcoin is an altcoin also.
Bitcoin is a money and also an investment and it will depend on a person how he treats bitcoin as of now I am getting fiat currency by exchanging bitcoins so its a money to me as I can buy anything that I want and if not then I will prefer to hold it for the future to get best returns from it.
Each has their own thinking and own view on bitcoin. Some say it's a ponzi, but they still use. Some say it's a threat to the economic system, but they use as an investment to benefit out of it. Banks consider it as an technology and have started to adopt it fearing the goodness in it. So if you think it as money it is, as well if you think it's an investment then it is an investment. Nothing wrong in it.
Yes as long you use a thing to pay it is called money, so Bitcoin and other cryptocurrecy is a money that thing that it is different with the fiat is it's appearance because bitcoin is a digital currency. So bitcoin is a money and the other alt coin too.
Bitcoin is money but its not an altcoin for sure in fact its an foundation of other altcoins as you cannot use any altcoin for buying or getting fiat in hands and if you have to do then first you need to sell your altcoin to bitcoin and then can get fiat currency.
Yes as long you use a thing to pay it is called money, so Bitcoin and other cryptocurrecy is a money that thing that it is different with the fiat is it's appearance because bitcoin is a digital currency. So bitcoin is a money and the other alt coin too.
I do not agree with what you say, bitcoin is not an altcoin, it is a core coin, it is the foundation of all the other altcoins. It's like a common currency of technology, it has the same power and power as cash. Bitcoin is a digital coin that represents the evolution of technology, it is even stronger than many of the current cash in the world. 
Yes as long you use a thing to pay it is called money, so Bitcoin and other cryptocurrecy is a money that thing that it is different with the fiat is it's appearance because bitcoin is a digital currency. So bitcoin is a money and the other alt coin too.
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