Topic: Is Bitcoin money? - page 141. (Read 112173 times)
For me bitcoin is money. Bitcoin I can use to purchase mobile phone credit., or i exchange into a form currency.
I think its just the same as plain cash. What is the difference between an ebook and a physical book? Same here its just digital cash. Personally I think bitcoin has advantages and some disadvantages as well which makes it different but not entirely separate from and type of cash money.
However in the recent days I think the number of traders have increased thousand-fold and the trading of bitcoin and other altcoins is very rampant and they are one of the biggest drivers of the economy of the market. People want to make money from the price of bitcoin vs local currency. Hence its more of a trading commodity these days than a currency.
I care to disagree, actually bitcoin is not a type of money, if you think gold is money than so is bitcoin, bitcoin was supposed to be some kind of cryptocurrency that is used for payments online but that idea changed a long time ago and people stopped thinking of it that way, and you can see that in the currency price situation and the current price growth, there is no currency that has that same.However in the recent days I think the number of traders have increased thousand-fold and the trading of bitcoin and other altcoins is very rampant and they are one of the biggest drivers of the economy of the market. People want to make money from the price of bitcoin vs local currency. Hence its more of a trading commodity these days than a currency.
I dont the get the point of argument in this. Comparing bitcoin with gold, we can say that it is an asset and gold was used as a currency at one time. Now its too much priced itself and hence used more for trading purpose. I dont think the idea has changed much, its just the same as paying cash to your grocery store and buying an article with bitcoin accepted merchants of by paying fiat cash money. Even if the price growth is huge there is no denying that trading is what bitcoin is more popular in nowadays but it is a currency, point it that many people may not think of its use as a currency anymore.
In my personal opinion yes bitcoin is money,but it was not legal till government declare that bitcoin is legal, in Japan bitcoin is 100% legal and accepted as money for transaction.
As op said , "anything is money which functions perform as a medium of exchange" as I know this line was said by w.t.newlyn 📕📖📕📖
As op said , "anything is money which functions perform as a medium of exchange" as I know this line was said by w.t.newlyn 📕📖📕📖
Yeah i may say that bitcoin is also a money, because anything using in midium of exchange and services is money.
Bitcoin is money because we use it every transactions both online and many other place. It is a real money but not in a paper form so anything use for the good and servives is a money.
Bitcoin is money because we use it every transactions both online and many other place. It is a real money but not in a paper form so anything use for the good and servives is a money.
+1 agree that it is not money. However, if it was a pure commodity then it would necessarily require some (even minimal) use value, beyond an exchange value. Right now bitcoins have a 0% use-value and a 100% exchange value (eg, if they could not be exchanged for something else, they would merely be taking up space on our harddrives and are inherently useless, like random chunks of data).
Money is a currency, not all currency is money.
Bitcoin is not money but it is a currency
This is a clear explanation on the difference of bitcoin and money and it is very simple and I salute you on that. Making things simpler is much understandable rather than reading a long complicated line full of technical terminology which is a pain in the head. But even though bitcoin is a currency as long as it is backed up by money it has earned a value.
I think its just the same as plain cash. What is the difference between an ebook and a physical book? Same here its just digital cash. Personally I think bitcoin has advantages and some disadvantages as well which makes it different but not entirely separate from and type of cash money.
However in the recent days I think the number of traders have increased thousand-fold and the trading of bitcoin and other altcoins is very rampant and they are one of the biggest drivers of the economy of the market. People want to make money from the price of bitcoin vs local currency. Hence its more of a trading commodity these days than a currency.
I care to disagree, actually bitcoin is not a type of money, if you think gold is money than so is bitcoin, bitcoin was supposed to be some kind of cryptocurrency that is used for payments online but that idea changed a long time ago and people stopped thinking of it that way, and you can see that in the currency price situation and the current price growth, there is no currency that has that same.However in the recent days I think the number of traders have increased thousand-fold and the trading of bitcoin and other altcoins is very rampant and they are one of the biggest drivers of the economy of the market. People want to make money from the price of bitcoin vs local currency. Hence its more of a trading commodity these days than a currency.
Bitcoin is a cash or we can state another sort of cash yet the diverse thing is, it's virtual and you can just have this sort of cash in the event that you are in the web. Bitcoin is additionally an another sort of venture where you can make a great deal of benefits on the grounds that the cost is moving volatily so it is a decent sort of trademark for me
I think its just the same as plain cash. What is the difference between an ebook and a physical book? Same here its just digital cash. Personally I think bitcoin has advantages and some disadvantages as well which makes it different but not entirely separate from and type of cash money.
However in the recent days I think the number of traders have increased thousand-fold and the trading of bitcoin and other altcoins is very rampant and they are one of the biggest drivers of the economy of the market. People want to make money from the price of bitcoin vs local currency. Hence its more of a trading commodity these days than a currency.
I care to disagree, actually bitcoin is not a type of money, if you think gold is money than so is bitcoin, bitcoin was supposed to be some kind of cryptocurrency that is used for payments online but that idea changed a long time ago and people stopped thinking of it that way, and you can see that in the currency price situation and the current price growth, there is no currency that has that same. However in the recent days I think the number of traders have increased thousand-fold and the trading of bitcoin and other altcoins is very rampant and they are one of the biggest drivers of the economy of the market. People want to make money from the price of bitcoin vs local currency. Hence its more of a trading commodity these days than a currency.
I think its just the same as plain cash. What is the difference between an ebook and a physical book? Same here its just digital cash. Personally I think bitcoin has advantages and some disadvantages as well which makes it different but not entirely separate from and type of cash money.
However in the recent days I think the number of traders have increased thousand-fold and the trading of bitcoin and other altcoins is very rampant and they are one of the biggest drivers of the economy of the market. People want to make money from the price of bitcoin vs local currency. Hence its more of a trading commodity these days than a currency.
However in the recent days I think the number of traders have increased thousand-fold and the trading of bitcoin and other altcoins is very rampant and they are one of the biggest drivers of the economy of the market. People want to make money from the price of bitcoin vs local currency. Hence its more of a trading commodity these days than a currency.
Bitcoin is virtual currency, and can be defined as a source of physical currencies. Bitcoin is dominated and use as a payment processor like so many fields. Using Bitcoin the currency of the internet will do so much activity not only virtual worlds, but also in our real worlds also.
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.
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.
Money is a currency, not all currency is money.
Bitcoin is not money but it is a currency
It seems that this contradict your point
Quote
Money is any object or record that can be accepted as payments for any goods or services, while a currency is a specific generally accepted medium of exchange. In other words, currency is something physical that has intrinsic value, while money is anything that has value.Oct 22, 2011
You can also try to read this for further discussion : https://bitcointalksearch.org/topic/are-currency-and-money-the-same-thing-49374Though Bitcoin is stated to be digital currency and though oppose the definition of currency being physical, it does fall under currency in digital form. And Bitcoin is money because it is accepted as payment for any goods or services. Just search the internet and we can see shops that accept Bitcoin as payment to prove that Bitcoin is accepted as payment.
+1 agree that it is not money. However, if it was a pure commodity then it would necessarily require some (even minimal) use value, beyond an exchange value. Right now bitcoins have a 0% use-value and a 100% exchange value (eg, if they could not be exchanged for something else, they would merely be taking up space on our harddrives and are inherently useless, like random chunks of data).
Money is a currency, not all currency is money.
Bitcoin is not money but it is a currency
Bitcoin is a cash or we can state another sort of cash yet the diverse thing is, it's virtual and you can just have this sort of cash in the event that you are in the web. Bitcoin is additionally an another sort of venture where you can make a great deal of benefits on the grounds that the cost is moving volatily so it is a decent sort of trademark for me
Since bitcoin worth of money and can be exchange to fiat I can call bitcoin is a money
If we look at definition of what money is everything possibly can be called 'money'
If we look at definition of what money is everything possibly can be called 'money'
Yes bitcoin for me is money that I can considered,why do I said that? it is because you can use it as payment online like credit card or debit card, USD, Euro, and Yen on which all of them are electronically us as payment, in shopping online, travel tour, money transfer/sending money to others.,that's why its money for me 
Money I dont know, does it have value that is worth money? Yes. Personally I think what is and what isnt money is more of a legal definition than a theoretical one, but thats just my opinion.
You are right about this inquiry "Bitcoin is money?".I think bitcoin is money in different way except one thing, I mean it's cryptocurrency not real. But there is not difference about money and bitcoin exept what i said.
All of them are used for buying and selling. By using bitcoin you can shop in the internet, also you can convert your bitcoin to fiat. so there is no problem if you use bitcoin or real money. They are same.
Money I dont know, does it have value that is worth money? Yes. Personally I think what is and what isnt money is more of a legal definition than a theoretical one, but thats just my opinion.
It is right, bitcoin is a digital currency, but when we convert it into dollar than no doubt bitcoin make us money. In technical point of view, most of the argues will come in this discussion. But for me, Bitcoin is bitcoin and it is introduce as a crypto currency and when we want to use it, than simply way to convert it into dollar and use it as a money.
You do not know about its usage that is why you are saying then it is money for you only when you convert them while for me it is fully a type of money because I can use it to buy anything from online shopping sites and can easily buy any online service like I buy with fiat. 
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
Bingo!
Correct! as long as is being used as payment it is considered as Money, only the difference of bitcoin compare to physical money was that so far bitcoin is not accepted as payment in the majority of the public business. But what good thing about it bitcoin was being used already in exchanges platform in bitcoin industry.
There are two sides for every coin, never forget that.
Bitcoin is money, no doubt in that but more than 50% of the people in the Bitcoin universe think it as an investment rather than money too buy things. They know that the value of Bitcoin will increase in future and it'll be helpful in their financial savings.
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