No, Bitcoin is really a forex utilized into electronic globe as repayment towards the digital or on the internet services. But you can transformed it right into a real money, using the other banks that take bitcoin as currency.
Bitcoin can be put in the same category as gold because it can be used as a currency just as it is an investment asset. In this scenario I think it's very appropriate to consider bitcoin as money. 
Topic: Is Bitcoin money? - page 34. (Read 112169 times)
I think we should be carefull of how we reference Bitcoin, lest the goverment want to tax us , it is not money in the classic sence, it is more like a new digital asset class, I dont think we should call it MONeY, we dont want the vampiric banks and governments taxing us for something they have no right to do
Bitcoin isn't money at this time , more like a store of value . It is to expensive and slow to pay for something . There are way better options out there.
for me it's a bit of money that I think of bitcoin because I value it as much as I value my money and what I do with my bitcoin when it comes to the day I can add it to my family so it's important to bitcoin because it's up its value goes up.Bitcoin is a digital currency so i think that we should just stick to how it is called and let the value of it make people see that it is a money. And it would be better if you buy the market at bitcoin that they will pay and they will accept it. so the goverment should allow the law and allow them to comply with the law that allows bitcoin to make money.
I believe it's something like gold - more than money. It was introduced with the purpose of money but with growing trend now people start to invest in BTC and someday it may go far far beyond other investing things.
Bitcoin is a digital currency that functions more than ordinary money. Bitcoin has an ever-changing or unstable price, and bitcoin can be a long-term investment tool. So basically, bitcoin is more than ordinary money, like a new kind of gold whose price keeps rising.
For sure Bitcoin is not money we have agree it. As we are seeing that we cant accept bitcoin without internet and if you want to purchase something the opposite person also need to access the internet and he should have the digital wallet to receive bitcoin also. where money has easy access any where. Bitcoin is the cryptocurrency which full of data only and not easy to use for purchase any commodity but is can be exchangeable it has a very big value and future is going to accept cryptocurnney very broadly world wide.
Well bitcoin is a digital currency but i'm sure that you can consider bitcoin money bitcoin has its own worth especially now that its price really is at its peak and for me bitcoin is not just money it is much better than money it is a currency and at the same time an asset.
it's a cryptocurrency not an actual or physical money
Eventhough it could not be defined as money, but bitcoin functions as money. Bitcoin could be use to buy luxuries, foods, clothes, house or could be even use for an exchange. Money is not always as what we see or what we touch money is a thing we use to pay out of a thing we wanted to get, so thus, bitcoin is a money too because bitcoin can be use buy things eventhough we cannot see or even touch it but it has a value like a money and functions like a money. So, bitcoin is money.
Bitcoin is something radically new. Nothing like Bitcoin has been possible until now. I would go so far as to consider it sui generis; "in its own class". This makes it important to understand what Bitcoin actually is before we try to describe it to others.
We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money.
My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted]
Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted]
Webster's Online Dictionary defines money as:
[/list]
I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.
But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money?
We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money.
My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted]
Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted]
Webster's Online Dictionary defines money as:
- 1. The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us".
- 2. Wealth reckoned in terms of money; "all his money is in real estate".
- 3. The official currency issued by a government or national bank; "he changed his money into francs".
- 4. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
- 5. Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
- 6. In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.
[/list]
I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.
But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money?
At first no bitcoins is not a money because no one knows i lt and no one is accepting it. But today bitcoins are highly accepted even the banks are accepting it in exchange to money a real currency so today i can say that bitcoins is a money because there are some stores that are accepting bitcoin as a payment. Before ypu can never see a food chain that are accepting bitcoins but today moe of them are here. Not all are accepting but still there are some.
Yes. At the time of its invention in 2009, Bitcoin was the greatest form of money the world had ever seen.
Since that time, many other brands have emerged, some with minor improvements. But they all share the same basic properties of the original. So now we can just say that “cryptocurrency” is the best form of money, and this includes Bitcoin. BTC
Since that time, many other brands have emerged, some with minor improvements. But they all share the same basic properties of the original. So now we can just say that “cryptocurrency” is the best form of money, and this includes Bitcoin. BTC
The problem here is that bitcoin is not widely accepted and it has a lot of flaws in it. Imagine a lot of people, let's say most of the people are using bitcoin and they are sending and using bitcoin every single day, there will be a price pump, not only that but also congestion. Bitcoin is just a digital currency that can be an alternative to fiats, the governments cannot control digital currencies so I think that will be a problem to the country.
For me bitcoin is not a money bitcoin is new currancy and bitcoin is you canot buy in stores only use that in online or merchandise so that i canot say bitcoin is money ,only money can use for neededs.
But if you sell that bitcoin become money you can use your bitcoin in another purchasing.
Yes. At the time of its invention in 2009, Bitcoin was the greatest form of money the world had ever seen.
Since that time, many other brands have emerged, some with minor improvements. But they all share the same basic properties of the original. So now we can just say that “cryptocurrency” is the best form of money, and this includes Bitcoin. BTC
Since that time, many other brands have emerged, some with minor improvements. But they all share the same basic properties of the original. So now we can just say that “cryptocurrency” is the best form of money, and this includes Bitcoin. BTC
The problem here is that bitcoin is not widely accepted and it has a lot of flaws in it. Imagine a lot of people, let's say most of the people are using bitcoin and they are sending and using bitcoin every single day, there will be a price pump, not only that but also congestion. Bitcoin is just a digital currency that can be an alternative to fiats, the governments cannot control digital currencies so I think that will be a problem to the country.
I think Bitcoin is no money in tangible form, but the function and use bitcoin same as real money,even with bitcoin we can make a good deal for payments such as paying bills and electricity bills, etc. as well as grocery shopping our day, but it all depends on a country where we are because we know there are some countries that prohibit about the existence of bitcoin, other than that bitcoin is able to create a good business opportunity in trading or investing.
in my country. Bitcoin is not accepted. The state does not recognize bitcoin as a commodity. and not worth to exchange
I think you are exaggerating things, maybe you are saying that bitcoin is not that popular in your country and they do not know what bitcoin is making them not to accept bitcoin. In my country, bitcoin is not accepted well because it is not that used by a lot of people but the government know of it. Also, commodity is a raw material, bitcoin is a digital currency so we cannot say that bitcoin is a commodity but for me it is an asset.
Bitcoin now is so expensive it is so hard to wait for it to dump because it might still pump. I don't think it is not worthy to be exchanged since it is so expensive and if keep in holding them, you might have a good profit.
in my country. Bitcoin is not accepted. The state does not recognize bitcoin as a commodity. and not worth to exchange
if your country does not accept Bitcoin you can sell Bitcoin to USD currency and after that, you can exchange USD to your country currency. this is fun
Yes. At the time of its invention in 2009, Bitcoin was the greatest form of money the world had ever seen.
Since that time, many other brands have emerged, some with minor improvements. But they all share the same basic properties of the original. So now we can just say that “cryptocurrency” is the best form of money, and this includes Bitcoin. BTC
Since that time, many other brands have emerged, some with minor improvements. But they all share the same basic properties of the original. So now we can just say that “cryptocurrency” is the best form of money, and this includes Bitcoin. BTC
in my country. Bitcoin is not accepted. The state does not recognize bitcoin as a commodity. and not worth to exchange
In what country do you live?
do you have bitcoin to exchange?
because many markets to exchange bitcoin.
To be honest , it is not money. But like others said, it is more likely as gold in cryptocurrency. It has the value of itself, but not like money. There are many people who bought bitcoin is just for making money, and just a few people who really believe the bitcoin will become the international currency in future.
This is something logically if you consider bitcoin as money then it is money if you consider bitcoin as a best place of investment then bitcoin is your capital.
Capital: The thing you own and get profit from it.
Money: The asset which is using for exchange service and goods.
But bitcoin is now a days digital money. Because as the thing goes advance like that money goes advance and converted into bitcoin.
Capital: The thing you own and get profit from it.
Money: The asset which is using for exchange service and goods.
But bitcoin is now a days digital money. Because as the thing goes advance like that money goes advance and converted into bitcoin.
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