Topic: Is Bitcoin money? - page 53. (Read 112169 times)
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 is money, because we can use it for every transactions in life such as: pay taxes, buying equipments and foods. moreover bitcoin is be used for investments and trading on the cryptocurrency market that bring us the profit.
actually the use of bitcoin is indeed a lot, live we want to gunain how.
we are free, willing to pay tax to pay, pay installment and others also can.
bitcoin is money, because we can use it for every transactions in life such as: pay taxes, buying equipments and foods. moreover bitcoin is be used for investments and trading on the cryptocurrency market that bring us the profit.
I don't think that bitcoin is real money. It worth a lot and have some different structure inside of it. We dont name platinum as money, right?
Wrong. It's not money only because your government told you so. If your government decide it is money then it will become money, right?Speaking of platinum and other metals as money, there were times when gold and silver were used as money and someone decided to use iron and paper instead.
Bitcoin is worth more than money so i think that bitcoin is better but you can't really buy anything with bitcoin so i think that it is better to make bitcoin and then convert it into usd to buy anything you want.
We can say that Bitcoin is not money, that we exchange bitcoin of cash, but we all know that bitcoin functions like money does.
Bitcoin is a used for purchasing and buying stuff like what money does.
Bitcoin is a used for purchasing and buying stuff like what money does.
I don't consider bitcoin as a money, but a form of currency. Though it can be used as a medium for exchange, it does not fit the definition for money. It does not have exact value where in it depends on the situation of the market. But bitcoin can be exchanged for money.
Review of its function as a medium of exchange.
I think Bitcoin can be interpreted as money.
As long as bitcoins can be used to make purchases of products and services online, I will consider it as money as well, Bitcoin is also an investment asset because it's value is always rising making those who hold them richer just like gold. I think Bitcoin can be interpreted as money.
It's not money. It's something in what millions is believe.
What is it then if it's not money? I mean technically maybe it is not money, but it can be used as money. At least it is easier to teach newbies about bitcoin, they can easilly understand what money is.
For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.
I do think and believe that bitcoin is a real money because we can transact with it anytime, anywhere as long as we are transacting with the people who are accepting bitcoins. And I've been using it already for paying my internet bills all of the sudden and I really liked it a lot. Because of bitcoin, my life is now easier.
Bitcoin is a digital asset as of right now with speculation that it would eventually be used in everyday transactions in exchange for goods and services. Just think if bitcoin eventually replaces fiat cash with only 21 million in circulation, just think what the value of 1 bitcoin could be!
I agree if bitcoin is said to be a digital asset, why? because there are still many countries that have not acknowledged its existence so bitcoin be an asset that if collected and later all the countries admit it then we who have collected bitcoin from now only just enjoy it.
Yes, It is a kind of money because we can buy product and we can exchange from other currencies.
It is not like banknotes but it is a worldwide digital currency.
It is not like banknotes but it is a worldwide digital currency.
Webster's Online Dictionary defines money as:
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- 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 think bitcoin will pass as money with Webster's first definition. Though it is not "most common" yet, it functions as a medium of exchamge already. Maybe it can also pass the second and sixth definition of bitcoin as wealth. You can call bitcoin as a commodity if you like, because I don't actually understand the reason for all of this play of words for bitcoin. I suggest if we can all use the definition of bitcoin itself for uniformity? Here is what Wikipedia says about it:
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.
I think next year most countries will make bitkoyn a full-fledged means of payment.
Bitcoin is a digital asset as of right now with speculation that it would eventually be used in everyday transactions in exchange for goods and services. Just think if bitcoin eventually replaces fiat cash with only 21 million in circulation, just think what the value of 1 bitcoin could be!
I don't think that bitcoin is real money. It worth a lot and have some different structure inside of it. We dont name platinum as money, right?
its better-bcc is digital asset)
bitcoin is not money but asset like gold. not worth if use bitcoin for buy a things.
buy bitcoin invest bitcoin why buy money for money if bitcoin is money?
But gold is money as well, maybe people do not use it like that anymore but that is not important gold was used as money for a lot longer than any fiat currency and if people do not adopt bitcoin then it is very likely that gold makes a huge comeback when the fiat system collapses.buy bitcoin invest bitcoin why buy money for money if bitcoin is money?
and gold must be exchanged with money first so it can be used in terms of purchase transactions
exactly once, if you already understand and understand about the bitcoin main step then is to be done is an investment. For if you could do a good investment with great returns then you can get in a long time. But keep in mind before doing the analysis then you should also know and understand about the disadvantages and the advantages that you can get, but one thing you must do is to always update or analysis about the growth of the bitcoin.
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
Yes. It doesn't matter what nation-states think bitcoin is.
All we're doing is saying bitcoin as something else other than its economic reality.
In the currency world, bitcoin is money or in the online world, bitcoin is also considered as money. Because you can buy the things that you want and need by bitcoin, if the online markets accept bitcoin as a payment. Now many companies are accepting bitcoin and exchanging your bitcoin into real money.
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