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Topic: Is Bitcoin money? - page 36. (Read 112172 times)

jr. member
Activity: 58
Merit: 10
December 04, 2017, 02:26:22 AM
For my opinion bitcoin is a money. It is a cryptocurrency which means it is a virtual money. You cant touch bitcoin you cannot feel bitcoin you cannot see a bitcoin but it is a money. A money th at cannot be touched. For an easier explanation, think about a game that has its own currency that you needed to buy stuffs inside a game. That's like our case here in bitcoin. You can use your bitcoin to buy stuffs that you want or save it and make an investment tocompany.
full member
Activity: 350
Merit: 105
December 02, 2017, 09:38:06 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.
full member
Activity: 434
Merit: 100
December 02, 2017, 09:10:29 PM
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

Bingo!
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.
Bitcoin is not going to become centralized anytime soon, the devs have played their cards very well and they have avoided several traps laid by the miners and their interests to centralize bitcoin, and I have no doubt they are going to keep doing the same thing for the foreseeable future.
copper member
Activity: 658
Merit: 284
December 02, 2017, 04:43:27 AM
Bitcoin was invented to be digital currency that is very fast, secure, decentralized, and acceptable worldwide.
It was designed to be acceptable worldwide like gold, but much better because bitcoin has a limited supply which 21 million bitcoins.
Due the fact that demand of bitcoin is higher than the supply, that is why the value of bitcoin keeps getting higher and higher everyday.
full member
Activity: 294
Merit: 100
December 02, 2017, 04:33:37 AM
As money is common medium of exchange, in future bitcoin will also be used as medium of exchange. Also like money bitcoin has its own value in market. Bitcoin is the money for internet, it is a rare digital commodity used as money. So I think bitcoin is decentralised money for all work from anywhere in world.
member
Activity: 70
Merit: 10
December 02, 2017, 04:05:05 AM
Bitcoin is a Money because we use it as a form of payment.
In this digital age it is important that our transaction is more faster and secure online.
member
Activity: 126
Merit: 16
December 02, 2017, 04:03:01 AM
Yeah definitely because it is something that serves as additional income or investment for all of us also it can serve as our mode payment for billings, loads, and etc. Like those companies which are accepting bitcoin as mode of payment. Also many of us considered money because we could exchange it for money and use it anyway we want.
full member
Activity: 356
Merit: 100
December 02, 2017, 03:56:16 AM
Yes bitcoin its a kind of money  but you have to learn bitcoin how to become of money because bitcoin you can convert to currencies
hero member
Activity: 2590
Merit: 644
December 02, 2017, 03:26:59 AM
Bitcoin is a virtual currency It's more common with PayPal than with dollars or gold. I really do not call it until it is widely accepted as payment for products and services.
Dollar currency, not money. Money can be a coin and vice versa, but they are not quite the same thing and are not fully interchangable. And law is disciplined, thier is not the meaning, by very definition. Gold, in our modern world, is still money, though it is not a coin.
Bitcoin is like the paypal because it is an option to do payments through the use of the internet but it is not a money because it is now on the side of being an investment because if you will use it as a money then you will be dealing with the expensive fees and almost traffic network of bitcoin because sometimes it takes almost a day before you completely send or received bitcoin.
newbie
Activity: 36
Merit: 0
December 01, 2017, 09:55:50 AM
Yes bitcoin is one kinds of money.
member
Activity: 84
Merit: 10
December 01, 2017, 07:57:08 AM
Bitcoin is a virtual currency It's more common with PayPal than with dollars or gold. I really do not call it until it is widely accepted as payment for products and services.
Dollar currency, not money. Money can be a coin and vice versa, but they are not quite the same thing and are not fully interchangable. And law is disciplined, thier is not the meaning, by very definition. Gold, in our modern world, is still money, though it is not a coin.
newbie
Activity: 8
Merit: 0
December 01, 2017, 07:56:58 AM
It is a good question that I need a good answer I read them
DIW
full member
Activity: 476
Merit: 131
DIWtoken.com
December 01, 2017, 07:51:46 AM

Bitcoin is actually a decentralised blockchain platform and not exactly a currency or money. It doesn't come in the form of paper or actual coin, on the contrary it's digital and can only be found online.
Although anyone can trade or invest in Bitcoin people consider it as an actual currency. Anyone can participate on this platform and benefit or profit from it.

Bitcoin has impacted the world on a very large scale, so large that most countries around the world are regulating it, but countries like China, Russia or Bolivia have decided to ban Bitcoin.
Many people have also adopted Bitcoin to carry out daily transactions, as its more secure and efficient in many ways. If you look at it from this perspective then yes, Bitcoin one day can be classed as a global currency.

Does Bitcoin have the potential and capabilities to replace the common world currencies known as Fiat? I would say not yet. Because it doesn't satisfy everyone just yet and they see it as a volatile coin with limits.
newbie
Activity: 21
Merit: 0
December 01, 2017, 07:46:49 AM
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.
newbie
Activity: 5
Merit: 0
December 01, 2017, 06:01:55 AM
Bitcoin is not like any ordinary money. As a matter of fact, its noted as a cryptocurrency that is meant for virtual trading, buying, selling and investments. Its value is unmanipulated or corrupted by the government.
member
Activity: 154
Merit: 16
November 28, 2017, 11:00:43 PM
Money is equal to bitcoin, because you can convert bitcoin to money and money to bitcoin. Loosing bitcoin is scary because you invest your money for it.
newbie
Activity: 266
Merit: 0
November 28, 2017, 07:00:38 PM
Bitcoin is money, as I think bitcin is currently the most valuable money
Bitcoin gives players a lot of fun and shows you how strong the bitcoin is in the currency market Cool Cool Cool
full member
Activity: 126
Merit: 100
November 28, 2017, 06:54:34 PM
bitcoin is data
legendary
Activity: 1596
Merit: 1034
November 28, 2017, 05:21:46 PM
I say bitcoin is money. Why? because we can turn the bitcoin into money, and obviously we can use the money as a legitimate transaction tool, although now many shops that already provide payment facilities using bitcoin. With that, I say once again that bitcoin is money.
We do not need to doubt again about bitcoin because there are many countries that allow us to transact with bitcoin.
full member
Activity: 211
Merit: 100
November 28, 2017, 03:08:08 PM
I believe it's the opposite. Bitcoincash may be the gold coin that's really lifeless y now fter tcgold appeared. People are again hyping an additional bitcoin fake so bcc is actually from the scene. All of these btc replicates doesn't remain a chance using the unique and they're just likely to die quickly and get delisted.abb
I think they will not gonna be strong as bitcoin but right now we have to acknowledge their success especially bitcoin cash.
I have invested only in bitcoin and other altcoins except bitcoin's fork so my confidence are on the coins I have invested.


Yes, I agree because bitcoin is too strong that can change lives forever but it really depend on the person if how she/he goona do to change it. Bitcoin is a cash, it is not like gold because if bitcoin is like a gold then the value of it will never increase, it will still remain for the years pass by. Bitcoin is a money from the internet were you able to use to purchase something online. It is a money from the internet that can really help you to pay your bills online and many more.

If bitcoin is not totally legal in your country, bitcoin can't be equal to money becasue you always spend extre effort to turn your bitcoin into money. If it's legal in your country, you can always get money from exchanges without dobuts. Then it becomes money.
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