Topic: Is Bitcoin money? - page 149. (Read 112173 times)
Not everyone appreciate the value of Bitcoin up to this day. I think everyone is aware that bitcoin is consider as digital currency which can be used worldwide although not all countries accepted it as of yet. They don't even consider it as money.
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.
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
very well said mate.. well this is somewhat true. i guess the answer varies from one person to other. why? because it depend on how a person look into bitcoin. like most of as here, we already consider bitcoin as money because we can already purchase a lot of things and we were able to pay it through bitcoin. moreover, i think that the only difference of bitcoin to money or fiat is that no one controls over bitcoin compared to the fiat we used that it is being controlled by any central government.
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.
Although we can't buy things directly with Bitcoin, so technically we can't call it money, you were right when saying that we can exchange it for our local currency and after that make any purchases we want. One might argue that we can for example exchange diamonds for our local currency, so what's the difference? The difference is that exchanging Bitcoin for real money is much easier than doing that with diamonds or even gold, so Bitcoin is definitely closer to what we can call money.
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.
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.
Although we can't buy things directly with Bitcoin, so technically we can't call it money, you were right when saying that we can exchange it for our local currency and after that make any purchases we want. One might argue that we can for example exchange diamonds for our local currency, so what's the difference? The difference is that exchanging Bitcoin for real money is much easier than doing that with diamonds or even gold, so Bitcoin is definitely closer to what we can call money.
I don't think it became a money until such time it was exchanged to fiat cash because the impression from is not that visible for the offline markets in our local places. But if we talk regarding bitcoin money we should be dealing it through online transactions, which we actually represented to everybody the abitlity of bitcoin as a money used for spendings.
In my point of view Bitcoin is can be consider as money already, base on my experience now all my expenses honestly speaking was came all into bitcoin, even my savings, and I also used as mode of payments in terms of my billings every month. And we had also here several merchants who accepted bitcoin as payment whether restaurant, coffee shop, convenient store outlet, and travel tour online and shopping online too. 
exceptional. Indeed for those who already know the bitcoin will use it until whenever, as in addition to the transactions that can be used to quickly and inexpensively. bitcoin can also give us a very big advantage of the game or investment (buy when prices are low and sell them when the prices are high (high price before saving it) so, so it is all indeed reasons that I often listen to
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.
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
i agree bitcoin has lots of use nowadays. as long as bitcoin is accepted and being used by many i consider it as money
I usually compare Bitcoin to Gold, they are limited to a supply gold is a valuable metal and bitcoin is a valuable algorithm.
It takes time and effort to find gold, same with Bitcoin it takes time and they are both limited to a supply.
When people will hear that there wont be able to mine gold anymore then the price of Gold will go up. Same as Bitcoin when people know there arent obtainable through mining it will be the same price will go up.
Bitcoin is the future, and im thankful that I know what Bitcoin is in this ignorant world,
It takes time and effort to find gold, same with Bitcoin it takes time and they are both limited to a supply.
When people will hear that there wont be able to mine gold anymore then the price of Gold will go up. Same as Bitcoin when people know there arent obtainable through mining it will be the same price will go up.
Bitcoin is the future, and im thankful that I know what Bitcoin is in this ignorant world,
I have read some arguments and came to the conclusion that for the fact that some people accepts a particular commodity or item as money does not make it so without one important factor which is Legal backing which makes it compulsory for anyone to collect within the defined jurisdiction. And this legal backing wont come without the support of government and until then I hold the belief that bitcoin is not money.
Well for my own opinion bitcoin is a money or I like to consider it as one,
Since I can use it as payment I mean we consider gold as money why wont we consider this crypto currency as a money
I agree with you, Me too, i consider bitcoin as a real money or maybe better than it. Since I can use it as payment I mean we consider gold as money why wont we consider this crypto currency as a money
We can easily convert bitcoin into fiat. Also I like bitcoin much better than real money because of the high price of this cryptocurrency and also the method of payment. we can pay in the internet without paying a lot of fees sometimes without it.
Bitcoin trasnferring is anonymously, so you can't be tracked by anyone.
To me, bitcoin is money so far its being agreed between the buyer and the seller. Even going down memory lane before the formation of government where approval is needed for anything to be regarded as money, each community is at liberty to determine what is right for them as a form of currency, in some places they accept camel, some other places they accept cowries so in that same vein if people in the crypto world accepts it as their currency then its money.
Well for my own opinion bitcoin is a money or I like to consider it as one,
Since I can use it as payment I mean we consider gold as money why wont we consider this crypto currency as a money
Since I can use it as payment I mean we consider gold as money why wont we consider this crypto currency as a money
Bitcoin is more than money; that's the difference between it and other fiats. Bitcoin is money and the blockchain is a payment processor and Bitcoin in another way can be considered as a commodity. It's versatile and possesses all the characteristics of fiat money.
i agree, but not only that bitcoin is also a store of value, like gold, and a tool for speculation, always like gold, gold and bitcoin are very similar, they both share the same property, but bitcoin is more easy to use as a currency
Money (even gold) relies on some sort of centralised court or protection agency that enforces property rights. Without these institutions money would be worthless.
This statement is a description of fiat money (which derives its value entirely from the government), rather than gold. Many societies in the past used gold as a medium of exchange when there was no government enforcing contracts or protecting the rights of the participants in the transaction.
Bitcoin derives its value from a real free market, but does it really have intrinsic value, like gold does? Gold has value for its use as a material; It can be used in manufacturing in various industries.
There's also the argument of whether Bitcoin is money or a commodity. Bitcoin is a form of money and a commodity, in the way that gold is; Many centuries ago, gold was money. People bought anmd sold thing using gold. Bitcoin can be used both as a medium of exchange and to store value.
In my point of view Bitcoin is can be consider as money already, base on my experience now all my expenses honestly speaking was came all into bitcoin, even my savings, and I also used as mode of payments in terms of my billings every month. And we had also here several merchants who accepted bitcoin as payment whether restaurant, coffee shop, convenient store outlet, and travel tour online and shopping online too.
Oh yah, bitcoin is money and base from your experience it is so good to see on how you access and use bitcoin in your country it sounds so legalize.
I hope that one day in our country too bitcoin can be used everywhere freely.
Bitcoin is more than money; that's the difference between it and other fiats. Bitcoin is money and the blockchain is a payment processor and Bitcoin in another way can be considered as a commodity. It's versatile and possesses all the characteristics of fiat money.
Yes bitcoin is digital store of money .when you sell you r bitcoins you can buy whatever u want with the fiat and nowadays bitcoin atms have been started and in the future bitcoins will be used as a currency.
Well, this time, bitcoin has indeed been recognized by the people that bitcoin is money on the internet. You can also use it for anything. shortcomings only in its recognition. not everyone is familiar with bitcoin, so using bitcoin in the real world it is still very difficult. Jump to: