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Topic: Is Bitcoin money? - page 148. (Read 112169 times)

legendary
Activity: 1540
Merit: 1003
March 11, 2017, 09:54:25 AM
Of course that is money, since I can get paid in bitcoin for something that I offer as a service or selling (digital) goods then it's money.

I consider bitcoin more than money, many innovations has been made when bitcoin came us, the blockchain which many businesses, countries like this technology.

The issue is that bitcoin is not so much popular worldwide and we are limited to use bitcoin in many places unless using third party app/services.
hero member
Activity: 2590
Merit: 644
March 11, 2017, 09:37:11 AM
Bitcoin is money and it just work like a real money because you can use it as a money where you can use to pay your stuffs online or offline and you can also pay your monthly bills using bitcoin because most of the wallets online enables that as a help for other people or to their user to make paying things easier than before with the help of bitcoin.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
March 11, 2017, 09:36:22 AM
Bitcoin is indeed a money since it does have value and can be exchange to local fiat or can be directly spend on some countries that do accept bitcoin.The only problem is bitcoin isnt still recognize all over the world and also government does really have negative insights or views about bitcoin which could really block its adoption.
sr. member
Activity: 406
Merit: 250
March 11, 2017, 09:33:16 AM
For me bitcoin is a money since you can use it to buy stuffs. And you can convert it to a real money so bitcoin is a money for me. Bitcoin is a cryptocurreny A.K.A Digital money and some says that bitcoin is the future money. Government doesn't approved bitcoin yet but for all bitcoin user, bitcoin is a money.

Yeah, basically bitcoin is money dude. However, because some of the excess assets as prices continue to rise each year, fast and inexpensive transactions, not complicated then bitcoin make "money" that have more value to those who have it. The government of my country does not prohibit the use of bitcoin, but if we use it for illegal activities then the authorities will act. Thank you
hero member
Activity: 756
Merit: 500
March 11, 2017, 09:33:04 AM
Bitcoin for me is a currency, I'm just basing it so far for what is the reality happen. Bitcoin right now is not directly can be used as payment in any public merchant business in all places of the world. Bitcoin most commonly used in online payment such shopping online who is accepted bitcoin.

It is indeed something the presumption always protrude from the thought of by all who have believed and using bitcoin. because the bitcoin is a very special currency and provide greater profits and better than other currencies. Online payments are the main features and also excellence in bitcoin, but you need to instill and beware against acts of hacking wallet. because the wallet you have already become your own responsibility
sr. member
Activity: 406
Merit: 250
March 11, 2017, 09:25:47 AM
At present, bitcoin is no longer a new thing, it is something very familiar to everyone, and I believe it will go even further, because its possibilities are endless. I know people are looking for ways to make bitcoin more convenient, however, there is a problem going on at the moment, these are blockchain transactions, all transactions are stuck and not Confirmed, this repeated many times. So, I think we need something new, a new technology. It is a necessary condition for bitcoin to grow even further.
hero member
Activity: 798
Merit: 500
March 11, 2017, 08:55:22 AM
For me bitcoin is a money since you can use it to buy stuffs. And you can convert it to a real money so bitcoin is a money for me. Bitcoin is a cryptocurreny A.K.A Digital money and some says that bitcoin is the future money. Government doesn't approved bitcoin yet but for all bitcoin user, bitcoin is a money.
sr. member
Activity: 1624
Merit: 267
March 11, 2017, 08:40:36 AM
We cannot say that bitcoin is money because the government hasn't approve of it yet. It is an online currency which has some characteristics the same with money. Even though it is not a money, you can convert it to a real money. You can also use it as a mode of payme t to som online shop whicha acceots bitcoin.
For me sir I think others country accepts bitcoin and also government . Yes you can convert bitcoin into real money . Bitcoin have many use like payment in online shopping buying gadgets , buying load and payment bills. If you have bitcoin now I think it is money if you convert it into cash. If you don't have buy bitcoin now and wait after a months and for sure the price of bitcoin will increase and you have a good profit . Bitcoin is money . Buy bitcoin now if you want money!
hero member
Activity: 1176
Merit: 509
March 11, 2017, 08:15:06 AM
We cannot say that bitcoin is money because the government hasn't approve of it yet. It is an online currency which has some characteristics the same with money. Even though it is not a money, you can convert it to a real money. You can also use it as a mode of payme t to som online shop whicha acceots bitcoin.
hero member
Activity: 3094
Merit: 606
BTC to the MOON in 2019
March 11, 2017, 07:57:37 AM
Money can be in any form. It is a medium of exchange. It can be used for payment transaction. Since bitcoin is acceptable as payment for goods and services, therefore bitcoin is way the same as money. Or shall we say bitcoin is money.
Some of the characteristics of money are in bitcoin, however it cannot be considered as money since it's not legally recognize as money by the government. Bitcoin cannot be independent since it's value is dependent on fiat, let's admit that we are interested with bitcoin because it has
a good value in fiat. Even how successful bitcoin is, it will still be measured base on fiat as there's no government that controls bitcoin, hence the proper way of calling bitcoin is only a payment system and not money.
sr. member
Activity: 434
Merit: 250
March 11, 2017, 07:38:12 AM
Not only is the bitcoin money, but it is the future of the money.
full member
Activity: 140
Merit: 100
March 11, 2017, 07:30:34 AM
Money can be in any form. It is a medium of exchange. It can be used for payment transaction. Since bitcoin is acceptable as payment for goods and services, therefore bitcoin is way the same as money. Or shall we say bitcoin is money.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
March 11, 2017, 05:10:00 AM
Bitcoin is a money or we can say another type of money but the different thing is, it's virtual and you can only have this kind of money if you are in the internet. Bitcoin is also an another type of investment where you can make a lot of profits because the price is moving in a volatile way so it is a very good kind of characteristic for me.
newbie
Activity: 34
Merit: 0
March 11, 2017, 05:01:55 AM
Of course its a yes. What these people think that bitcoin isn't a currency.
This is the most popular cryptocurrency.
hero member
Activity: 994
Merit: 544
March 11, 2017, 05:00:08 AM
Bitcoin is money! I already treat bitcoin as money when I made my first cash out. I can really say it is a money because we can convert it to our fiat money, we can buy products and services as a payment method. We know it is not controlled by the government nor declared as a currency, on the other hand; btc is not illegal.
Bitcoin is not money. Though it has a value and is considered to be a currency it is still not money. Money is a legal tender and there are official declarations making it one. Bitcoin is not yet money due to non adoption of the government. But if bitcoin becomes money then it is far from the bitcoin that we have today since it will be regulated, monitored and controlled by the government.
hero member
Activity: 1092
Merit: 501
March 11, 2017, 03:56:51 AM
Bitcoin for now cannot be say as money, it is a kind of digital currency or virtual currency which can be used only for online payment system. Money is physically use in public places or any form of business that are displayed in public or private place, but in terms of online payment system paper money can't be use and that's what bitcoin can do in some forms of payment online on which real money can't do.
legendary
Activity: 1008
Merit: 1060
March 09, 2017, 09:02:30 AM
I considered bitcoin as money thats served as a digital currency. When I learn bitcoin way back, it came into my mind that it is money that we could easily cashout into fiat.  Many users are hook into bitcoin because of its popularity and easy to use. Thus,  bitcoin is money when I earn it and cashout into my currency so easily.
Bitcoin is money. No matter how other people think, bitcoin is still a valuable property


That's just being not open to other people's opinion. "No matter what... bitcoin will still be money." I think bitcoin is more of a commodity than money. If bitcoin is used solely as money (since that's what we do with money), I don't think the price of bitcoin will be the same. Most of us are here because we think that bitcoin is a good way to invest our money. It's a commodity in a way that people bought it because of its value not because of its usability. Its usability is not that much as of now since it's not yet widely accepted.

Maybe time will come when bitcoins can finally be the currency that it is. When everyone's using it already and everyone's accepting it.
hero member
Activity: 518
Merit: 500
March 09, 2017, 08:31:08 AM
I considered bitcoin as money thats served as a digital currency. When I learn bitcoin way back, it came into my mind that it is money that we could easily cashout into fiat.  Many users are hook into bitcoin because of its popularity and easy to use. Thus,  bitcoin is money when I earn it and cashout into my currency so easily.
Bitcoin is money. No matter how other people think, bitcoin is still a valuable property. Today, there are still many doubt that Bitcoin can become as great as the dollar although they have tested the Blockchain and Bitcoin. I do not know why. Bitcoin contains more than you know and there are a lot of hidden abilities in Bitcoin which can help people in various ways
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
March 09, 2017, 05:17:13 AM
I won't term bitcoin as money. However, I agree with you that bitcoin is a commodity which has an underlying value. In this case, the value is based on the public trust and nothing else. The more number of people will trust in bitcoin, the more amount of investments it will receive and it will in turn increase the market cap which directly impacts the bitcoin price.

So, it should not be used for buying groceries or a cup of coffee. Rather we should take it as an investment and trade with the bitcoin. It has a huge upside potential and it can make you rich within next 5 years if you are holding enough numbers of bitcoin today. Wait for the magic to happen.  

I wonder if you have read Bitcoin Whitepaper.  It is titled:  Bitcoin: A Peer-to-Peer Electronic Cash System.  Definitely Bitcoin is created to be a currency or money.  Whatever idea we have about Bitcoin, either a store of value or digital gold, the fact that what bitcoin is announced and stated on its whitepaper nullifies what ever claim we wanted to say about BTC.  It can add up to the feature but it will never replace the actual definition of what Bitcoin is.
legendary
Activity: 3080
Merit: 1500
March 09, 2017, 04:53:00 AM
I won't term bitcoin as money. However, I agree with you that bitcoin is a commodity which has an underlying value. In this case, the value is based on the public trust and nothing else. The more number of people will trust in bitcoin, the more amount of investments it will receive and it will in turn increase the market cap which directly impacts the bitcoin price.

So, it should not be used for buying groceries or a cup of coffee. Rather we should take it as an investment and trade with the bitcoin. It has a huge upside potential and it can make you rich within next 5 years if you are holding enough numbers of bitcoin today. Wait for the magic to happen. 
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