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Topic: Is Bitcoin money? - page 56. (Read 112169 times)

member
Activity: 70
Merit: 10
November 02, 2017, 03:37:06 AM
Bitcoin is the digital capital of the future, which has already become realistic
member
Activity: 175
Merit: 10
November 02, 2017, 03:30:41 AM
The relationship between bitcoin and money, like the relationship between gold and money, can be exchanged for the same amount of money, although Bitcoin is not money, but the value of Bitcoin is higher than the money, because bitcoins are scarce, and gold.
member
Activity: 174
Merit: 10
November 02, 2017, 03:05:52 AM
Bitcoin is money, because money can be converted into equivalent bitcoin, bit currency is also converted into equivalent money, a bit like gold, so bitcoin can be money. Smiley
full member
Activity: 434
Merit: 100
November 01, 2017, 11:27:13 PM
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.
Gold is not money, it is an asset and you can convert it to money. Money is FIAT, Gold has value but you can not call it is money. Money can use to payment but we can not use Gold to that. Therefore, you need to know the difference between FIAT and asset.
I disagree, gold is money, it has been used in that way since the birth of civilization, just because people no longer accept it as such because it is forbidden in the law does not change the history, so gold is money and bitcoin is money too even if many governments are trying to say that bitcoin is an asset as well.
full member
Activity: 311
Merit: 100
October 30, 2017, 05:23:00 PM
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.
Gold is not money, it is an asset and you can convert it to money. Money is FIAT, Gold has value but you can not call it is money. Money can use to payment but we can not use Gold to that. Therefore, you need to know the difference between FIAT and asset.
yes gold is an asset that is now starting to decline demand because of the bitcoin
and gold must be exchanged with money first so it can be used in terms of purchase transactions
sr. member
Activity: 382
Merit: 250
October 30, 2017, 04:51:04 PM
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.
Gold is not money, it is an asset and you can convert it to money. Money is FIAT, Gold has value but you can not call it is money. Money can use to payment but we can not use Gold to that. Therefore, you need to know the difference between FIAT and asset.
full member
Activity: 296
Merit: 100
October 28, 2017, 10:08:50 PM
Bitcoin is a kind of digital currency where you can use it through internet usage, and you can trade it into cash to pay anything as long as it is not prohibited in your country.

we all know that money has its own meaning, Money and bitcoin have the same characteristics as can be used as payment of goods and services but in different aspects, but Bitcoin needs to be legalized in order to be used all over the world.
full member
Activity: 278
Merit: 100
October 28, 2017, 09:07:18 PM
In my perception a thing that you can exchange or from the word currency, bitcoin is money.
member
Activity: 137
Merit: 10
October 28, 2017, 08:56:48 PM
What is Bitcoin's money. bitcoin is the virtual currency. sophisticated digital currency ...

bitcoin was ranked number 1 at the time because of its very high price ...
newbie
Activity: 21
Merit: 0
October 28, 2017, 08:08:06 AM
Bitcoin is convertible to fiat money cash using an online, wallet therefore it justify that its a money and you can cash it out through bank affiliated with the wallet site.
sr. member
Activity: 322
Merit: 250
October 28, 2017, 07:43:03 AM
Of course it is cause you can use Bitcoin to pay for bill or purchase anything you need but Bitcoin need to be legalized to can be used worldwide. Moreover although Bitcoin is not legalized worldwide but you are still able to exchange it into cash to pay for anything as long as it's not banned in your country. These cases made me think that Bitcoin is money Smiley
legendary
Activity: 2576
Merit: 1043
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October 28, 2017, 07:33:25 AM
Bitcoin is money definitely. What is the definition of money? its a current medium of "exchange" in the form of coins and banknotes. There is a word there exchange. Some people now are buying things now thru bitcoin so they give their bitcoin in exchange into things they want to buy. Some called bitcoin as asset but assets are money too so definitely, bitcoin is money.
member
Activity: 80
Merit: 20
October 28, 2017, 07:32:54 AM
Of course Bitcoin is money if you can spend it on things then its money and bitcoin can be spent anywhere
member
Activity: 171
Merit: 10
October 28, 2017, 07:31:03 AM
we all know that money have there own meaning and it is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, and bitcoin is a kind of digital currency where in you can use through the use of internet. money and bitcoin have the same characteristic like using as a payment for goods and services but in different aspect.
jer
jr. member
Activity: 56
Merit: 10
October 28, 2017, 07:22:40 AM
Although bitcoin is still used mainly as an investment, it is still a currency. Just now there is no possibility to use bitcoin for its intended purpose - like money, there are very few places where you could pay them off. But this trend is changing, and very soon we will be able to buy a cup of coffee for bitcoin, I'm sure.
hero member
Activity: 907
Merit: 500
October 27, 2017, 07:01:33 PM
I believe correct now bitcoins are more of an asset then cash. To me it isn't going to make a difference what type my paying energy is in wiether it truly is in gold bitcoins or sticks. I am just anxious for the worth and how considerably it will boost so I use Bitcoin as I think it has the greatest price then any other form of asset.
Yes you are right that Bitcoin is more an asset than the cash. Bitcoin is a leading crypto currency and it deals like that money to purchase things and making payments and exchange things in international market. In other words Bitcoin is money when you feels need of physical currency you just sell your Bitcoin and thousands of people are waiting for you to buy your bitcoin.
full member
Activity: 434
Merit: 100
October 27, 2017, 06:00:50 PM
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.
sr. member
Activity: 434
Merit: 250
October 27, 2017, 05:41:07 PM
Yes. In my opinion, we can call Bitcoin money. More and more people become interested in cryptocurrencies and they seem to like the idea. It would be interesting for me to see a world without banks, everyone would be their own bank. I find using Bitcoin easier than traditional banking. Less formal stuff needed to do. No need to contact bankers who know more than they should.
You are right, It's a perfect way to control your money as you want. You don't need to hold your money to other people hands. You can control easily your money without any problems, Also it's more easy and secure, As you are a member in bitcoin community, you will use your bitcoin anonymously in the internet so no one can track you, also you can even control your transactions fees, and you don't need to upload your documents, like ID papers or anything like that.
full member
Activity: 189
Merit: 100
https://eloncity.io/
October 27, 2017, 04:52:46 PM
yes of cource bitcoin is real money i buy online with bitcoin game and online service , change bitcoin with fiat money and buy anything  ;
newbie
Activity: 48
Merit: 0
October 27, 2017, 04:35:16 PM
Yes of cours bitcoin is a money but it'a virtual money. However you have the possibility to convert your bitcoins in real money so that's good and so you can consider bitcoins as a real money
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