Wow, this is a serious necro thread. There's been an ocean of water under the bridge since September 2010. At this point I think it's safe to start a new thread.
Bitcoin has been used as both a commodity, currency and money and it can and has performed all in the past seven years (but works best as a commodity).
Topic: Is Bitcoin money? - page 145. (Read 112173 times)
Lots of countries now are using bitcoin as a medium of exchange for buying/selling. There are lot of businesses now in some countries is now accepting bitcoin as payment.
And bitcoin is a digital money that can be converted into fiat.
So, in short bitcoin is money.
And bitcoin is a digital money that can be converted into fiat.
So, in short bitcoin is money.
Maybe someday all people around the world will accept bitcoin in real life and become money too.
I don't think it's going to happen as one of bitcoin's strongest features is its anonymity.
I cannot see the reason why people will not accept Bitcoin being anonymous. As far as I can see it is a good feature so that you will be safe from those people who have bad intention and steal your wealth. People who do not have much money does not know how anonymity is helpful to keep them safe and hide them from thieves and robbers. So with anonymity I think Bitcoin is more likely to be accepted.
Yes of course bitcoin is a money, it has a price, a value, we can buy stuff with it even if it's complicated so yes it's a money.
Gold is a really good example to compare with bitcoin because it has a value that is big, and so it's expensive and very rare. Some people will say it is just a rock and we can't go to the supermarket and buy our cereals with gold but people don't understand that the advantage of these money is that you their value change everytime so when you will sell it to get the money of your country, you will wait the good time to sell it because it can give you a higher amount of money, it depends of days.
So yes bitcoin is also a money, but a virtual money that you can convert in other money.
I would call bitcoin money, purely nominally. The fact is that when buying a thing with the help of bitcoin, the user thereby does not purchase, but exchanges the goods. The fact is that every commodity is measured in value by a certain currency, and for today it is still a dollar, and bitcoin is only a commodity with which you can earn a dollar.Gold is a really good example to compare with bitcoin because it has a value that is big, and so it's expensive and very rare. Some people will say it is just a rock and we can't go to the supermarket and buy our cereals with gold but people don't understand that the advantage of these money is that you their value change everytime so when you will sell it to get the money of your country, you will wait the good time to sell it because it can give you a higher amount of money, it depends of days.
So yes bitcoin is also a money, but a virtual money that you can convert in other money.
Based on the definition of money is a medium of exchange or a standard measure of value (unity count) are legitimate, which can be used for buying and selling activities, trade, and that money was recognized by the general public.
Maybe someday all people around the world will accept bitcoin in real life and become money too.
I don't think it's going to happen as one of bitcoin's strongest features is its anonymity.
I cannot see the reason why people will not accept Bitcoin being anonymous. As far as I can see it is a good feature so that you will be safe from those people who have bad intention and steal your wealth. People who do not have much money does not know how anonymity is helpful to keep them safe and hide them from thieves and robbers. So with anonymity I think Bitcoin is more likely to be accepted.
Using the definition of money as something we use to buy and sell then probably Bitcoin can be considered as a form of money. However, Bitcoin goes beyond that aspect as we all know. Just like gold, it can be considered as an investment. Whatever we define Bitcoin, the most important thing is that it is an asset that can rise and fall depending on many aspects converging on the market. And this market is controlled by China (lol...can this be true?).
Yes of course bitcoin is a money, it has a price, a value, we can buy stuff with it even if it's complicated so yes it's a money.
Gold is a really good example to compare with bitcoin because it has a value that is big, and so it's expensive and very rare. Some people will say it is just a rock and we can't go to the supermarket and buy our cereals with gold but people don't understand that the advantage of these money is that you their value change everytime so when you will sell it to get the money of your country, you will wait the good time to sell it because it can give you a higher amount of money, it depends of days.
So yes bitcoin is also a money, but a virtual money that you can convert in other money.
I would call bitcoin money, purely nominally. The fact is that when buying a thing with the help of bitcoin, the user thereby does not purchase, but exchanges the goods. The fact is that every commodity is measured in value by a certain currency, and for today it is still a dollar, and bitcoin is only a commodity with which you can earn a dollar. Gold is a really good example to compare with bitcoin because it has a value that is big, and so it's expensive and very rare. Some people will say it is just a rock and we can't go to the supermarket and buy our cereals with gold but people don't understand that the advantage of these money is that you their value change everytime so when you will sell it to get the money of your country, you will wait the good time to sell it because it can give you a higher amount of money, it depends of days.
So yes bitcoin is also a money, but a virtual money that you can convert in other money.
Yes of course bitcoin is a money, it has a price, a value, we can buy stuff with it even if it's complicated so yes it's a money.
Gold is a really good example to compare with bitcoin because it has a value that is big, and so it's expensive and very rare. Some people will say it is just a rock and we can't go to the supermarket and buy our cereals with gold but people don't understand that the advantage of these money is that you their value change everytime so when you will sell it to get the money of your country, you will wait the good time to sell it because it can give you a higher amount of money, it depends of days.
So yes bitcoin is also a money, but a virtual money that you can convert in other money.
Gold is a really good example to compare with bitcoin because it has a value that is big, and so it's expensive and very rare. Some people will say it is just a rock and we can't go to the supermarket and buy our cereals with gold but people don't understand that the advantage of these money is that you their value change everytime so when you will sell it to get the money of your country, you will wait the good time to sell it because it can give you a higher amount of money, it depends of days.
So yes bitcoin is also a money, but a virtual money that you can convert in other money.
Maybe someday all people around the world will accept bitcoin in real life and become money too.
I don't think it's going to happen as one of bitcoin's strongest features is its anonymity.
Maybe someday all people around the world will accept bitcoin in real life and become money too.
I don't think it's going to happen as one of bitcoin's strongest features is its anonymity.
The answer is yes. Because, you can use bitcoin for buying or selling something same like money. The only different is money is using in real life and bitcoin is used for online things. But it's still same though. Maybe someday all people around the world will accept bitcoin in real life and become money too.
It can be spend in many merchants so its considered as money not totally alike a fiat currency.Bitcoin is a money in a different platform thats all it was
Anything that can be used to buy and sell transactions certainly we can equate with money, bitcoin is money because a lot and be accepted to buy anything and many people collect it.
Well, for me, Bitcoin is money. Just like fiat money, BTC represents a value of money but in digital form. Since bitcoin is a new kid in town, it is a new type of money under the category of digital money 
yes i will also like to say that bitcoin is money. as we can use bitcoin instead of fiat in some shops while for online purpose bitcoin is uses as currency.
Definitely for me it's money, though asked in 2010 this question is sure shot to divide many users opinion that it's not money. Well Money is something for me which allows you to buy or sell goods and receive a monetary value for. Bitcoin does that, it allows us to buy a vide variety of goods and then allow us to sell it and receive money in Bitcoins itself. For that very reason for me it is money. To some it may kept as investment also, but how would you keep it as a investment of it were not money you could bought for, I mean for any investment money is needed. So any day for me it will be money, let's see where the vote ends in.
for me everything that is accepted by big merchants that sell stuff for it is considered money, if you just sell it to your friend it can be seen as a something else, but bitcoin is indeed a currency because i cna use it to buy from official retailers or shop
And as a fact that a lot of merchants right now are accepting bitcoin because it is the most popular crypto currency. If we are using it with return of goods and services then it's considered as money. That's why most of us are happy to use and transact with bitcoin because it's a real money for now and also an investment.
Well, for me, Bitcoin is money. Just like fiat money, BTC represents a value of money but in digital form. Since bitcoin is a new kid in town, it is a new type of money under the category of digital money
yes i will also like to say that bitcoin is money. as we can use bitcoin instead of fiat in some shops while for online purpose bitcoin is uses as currency.
Well since Bitcoin started a few years back, more and more merchants and vendors are accepting it as a medium of exchange (money), in their transactions. It's just in a form of Virtual currency but we can consider it as money that also pays off things that we buy online.
yes there is no doubt about this that bitcoin is becoming more and moe popular, as now not only the common people but the big merchants are also now accepting bitcoin, as it is more convenient for them to use bitcoin for payment method. i think in future we can expect that bitcoin will become more and more popular as time passed. True! In fact, other big merchants are partnering up with major retailers that accept digital currency as payment, so that people that use bitcoin can shop away their desired products online in that specific merchant. It makes it more convenient for them this way as it is hassle-free and easy.
Well, for me, Bitcoin is money. Just like fiat money, BTC represents a value of money but in digital form. Since bitcoin is a new kid in town, it is a new type of money under the category of digital money
yes i will also like to say that bitcoin is money. as we can use bitcoin instead of fiat in some shops while for online purpose bitcoin is uses as currency.That's right, whatever you get in return because of something is money, example is credit card,debit card we just go use it in shopping center using the card itself act as the money, same way btc also helping us to purchase whatever we want by converting it, we can also call it as money without any doubt.
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
You have a point, bitcoin is kind of money that can be use for online expenses. As long as bitcoin has value you can tell that it is money in the world of technology. I also can say that bitcoin is money because it can be used in any kind of transaction.Jump to: