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Topic: Is Bitcoin money? - page 33. (Read 112173 times)

full member
Activity: 560
Merit: 100
December 13, 2017, 06:24:15 PM
Bitcoin is a digital  coin its sounds like money  because of its value but it converts into fiat before you used this  as money.Bitcoin has a quality to rise in the market because of the value so why many people wants to venture in bitcoin  if its not money?Actually bitcoin is like money.
full member
Activity: 210
Merit: 100
December 13, 2017, 05:40:25 PM
Yes,Bitcoin is money for the Internet. It is a scarce digital commodity used as money by millions around the world. People buy coffee with Bitcoin at local shops. Others get paid in Bitcoin and use it to shop online. Friends use it to settle with whoever paid for dinner. Workers send Bitcoin back home to help family, regardless of where they live.And i used bitcoin for my extra income.
sr. member
Activity: 654
Merit: 250
December 13, 2017, 05:13:56 PM
Swarm account is a grae task having a good chance. I am gettingxcited about their ICO in Oct. They will certainly be succesful. et

Bitcoin is a virtual coin, thanks to which you can pay at many points. Thanks to it, you can easily increase your savings, you just need to invest and be patient. I would recommend.
sr. member
Activity: 443
Merit: 250
December 11, 2017, 06:29:47 PM
Bitcoin is not a money, it is digital currency. Bitcoin is a digital asset you need to exchange to fiat in paper money or coins to be called money.

Quote
Yes bitcoin is money, just wait for the near future the bitcoin is became centralized currency. and its easy to us to used bitcoin just like money.

Not in my dreams that bitcoin become centalized. One of my favorite to this bitcoin is decentralized.
Digital currency is money as well, the name itself implies that, it is just a currency that is in digital form, your balance in your PayPal account is money, your balance in your debit card is money, and the balance in your bitcoin wallet is money as well.
Although Bitcoin just a digital currency, or exact more is the cryptocurrency, but you can exchange to real money. It like you can use Bitcoin for payment anything, but you must to exchange it to FIAT first, it is the requirement because there is no way to spend Bitcoin as a payment method, unless you are living in a country accept Bitcoin is legally.
full member
Activity: 434
Merit: 100
December 10, 2017, 05:00:32 PM
Bitcoin is not a money, it is digital currency. Bitcoin is a digital asset you need to exchange to fiat in paper money or coins to be called money.

Quote
Yes bitcoin is money, just wait for the near future the bitcoin is became centralized currency. and its easy to us to used bitcoin just like money.

Not in my dreams that bitcoin become centalized. One of my favorite to this bitcoin is decentralized.
Digital currency is money as well, the name itself implies that, it is just a currency that is in digital form, your balance in your PayPal account is money, your balance in your debit card is money, and the balance in your bitcoin wallet is money as well.
newbie
Activity: 27
Merit: 0
December 10, 2017, 02:47:14 PM
Yes bitcoin is money that some country accepted it in all kinds of commercial transaction. Bitcoin is just not a money but also a biggest blessging that you have.
With the bitcoin you give them ways to earn money in just short period of time and convenience to the fullest.

İt has not money yet because there is no fiat price
member
Activity: 88
Merit: 10
Machine Learning & AI - Trustless Ledger System
December 10, 2017, 02:11:58 PM
Bitcoin money is a digital currency that can only transact through online can not go through offline and used to buy something when you can buy something then it will definitely be a form of money.

that is right. it is a digital currency rather than governmental currency.
newbie
Activity: 27
Merit: 0
December 10, 2017, 02:07:55 PM
bitcoin is more like financial instrument, not like money.
Fiats are money. They are not virtual.
BTC is virtual, we can't say that it is money.

Virtuality does not require it is not money. İf it stores money and become a tool to exchange and does not fluctuate so high. Then it would say that is money
member
Activity: 123
Merit: 10
Enjoy the journey...Live in the now...Future will
December 10, 2017, 01:58:02 PM
Is BTC money? YES and NO

IS GOLD money ?
Is services like PAYPAL money ?
Is CREDIT CARD money ?
Buy literal definition NO, I think.

As per some here, Money mean currency. Money is not just currency.

As per me and in the general term, anything that can be exchanged for services IS money. Bitcoin serves that purpose on a Global scale without the intervention of third parties.
If you pay me in Bitcoin for a some work I do for you, I will accept it and then convert it to fiat. well that solves the purpose of Money.

So,
Is it money? NO
Can it be used as money? YES.

Think of it as digital money NOT backed by any country or government yet Global and useful.
   
newbie
Activity: 27
Merit: 0
December 10, 2017, 01:33:20 PM
I think it is desgined as money but it is worked as gold
full member
Activity: 238
Merit: 100
T H E G O L D E N I C O
December 10, 2017, 01:30:44 PM
bitcoin is more like financial instrument, not like money.
Fiats are money. They are not virtual.
BTC is virtual, we can't say that it is money.
You are right, BTC is just a source of money. I prefer to call it money when it is tangible. Money has currency while BTC is a crypto. I define money to be more like has physical attributes.
full member
Activity: 238
Merit: 100
T H E G O L D E N I C O
December 10, 2017, 01:24:36 PM
Yes bitcoin is money if only and only it will become accepted as a mode of payment and widely used. Let us just say, we can have money from bitcoin. But we cannot use bitcoin as money. Bitcoin is an asset and dollar is money.
member
Activity: 64
Merit: 10
December 10, 2017, 01:24:19 PM
bitcoin is more like financial instrument, not like money.
Fiats are money. They are not virtual.
BTC is virtual, we can't say that it is money.

It is a kind of money but it is a crypto currency
hero member
Activity: 812
Merit: 500
December 10, 2017, 01:09:44 PM
bitcoin is more like financial instrument, not like money.
Fiats are money. They are not virtual.
BTC is virtual, we can't say that it is money.
newbie
Activity: 38
Merit: 0
December 10, 2017, 01:01:05 PM
The main rule of the economy since the befin of humanity is that the price of a thing is what you want to pay for it. All can be money, all have value, and bitcoin is something that is growing so fast... You can buy things with bitcoin or sell it to have USD or EUR to buy things, so BTC is more than money, it is gold!
full member
Activity: 348
Merit: 100
December 10, 2017, 12:53:07 PM
  Bitcoin is a medium of exchange which can be operated world wide without an intermediary support.Since bitcoin is used to buy things from all over the world it can be said as money.We use money to buy and sell goods so Bitcoin also is money.
full member
Activity: 378
Merit: 100
December 10, 2017, 12:40:02 PM
Yes bitcoin is money that some country accepted it in all kinds of commercial transaction. Bitcoin is just not a money but also a biggest blessging that you have.
With the bitcoin you give them ways to earn money in just short period of time and convenience to the fullest.
newbie
Activity: 8
Merit: 0
December 10, 2017, 04:06:49 AM
of course. it's money, it's the future of money. :)don't miss the chance to gain fortune now.
newbie
Activity: 46
Merit: 0
December 10, 2017, 04:05:28 AM
bitcoin is vertual currency you can not touch it or feel it but it has so much value and yes you can use it by converting your bitcoin into real currency .
full member
Activity: 287
Merit: 100
December 10, 2017, 03:56:50 AM
Bitcoin money is a digital currency that can only transact through online can not go through offline and used to buy something when you can buy something then it will definitely be a form of money.
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