Topic: Is Bitcoin money? - page 66. (Read 112169 times)
Yes bitcoin is money and more valuable currency in the crypto world. If we look at the modern era we will come to know that bitcoin is the most important valuable and attractive currency. Now a day’s people are doing businesses with bitcoin and they become very rational to it. As time passes its value is growing without any hurdle it has a good value for its bright future.
Yes, Bitcoin is money but Bitcoin is not paper money it is digital latest crypto currency base on Blockchain technology the technology that is the need of this latest era of technology and one more attractive thing in this digital currency that is the price of Bitcoin that rapidly grow and grow this non stop growing make this currency more and more valuable.
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.
+1 agreed. It's a commodity, a digital store of value.
So-called cryptocurrencies such as Bitcoin have two main features in common. The first is that they are not issued or regulated by any central bank or single regulatory authority. They are created in accordance with certain computer algorithms and are issued and transferred through a distributed processing network using open source code.
Any particular computer server hosting a cryptocurrency ledger or register could be destroyed, but the existence of the currency would continue to reside on other servers all over the world and could quickly be replicated. It is impossible to destroy a cryptocurrency by attacking any single node or group of nodes.
The second feature in common is encryption, which gives rise to the “crypto” part of the name. It is possible to observe transactions taking place in the so-called block chain, which is a master register of all currency units and transactions.
Yes and that's why is called cryptocurrency. It offers more cash than what you get in dollars. No doubt that is at the top of all the currencies in the world right now and it just replace US dollars. To me, it's so precious that Ican treat btc more than just a money.
It's the best crypto currency but it won't replace dollar, they are not in competition because we need fiat to own bitcoin and we need to convert bitcoin to fiat to spend our money in this world. Let's be more realistic here, bitcoin looks good but it has a limitation.
yeah , i totally agree with this. i dont think bitcoin could replace the dollar or the fiat money even if bitcoins values is high enough its because bitcoin is restricted or banned in most countries including russia , china , india and some of the largest part in asia thats why its imposible for bitcoin to be used or replace the fiat money because there were more conflicts and debates that is not yet resolve to it.
I feel right now bitcoins are far more of an asset then income. To me it isn't going to matter what type my paying energy is in wiether it's in gold bitcoins or sticks. I'm just worried for the price and how considerably it will enhance so I use Bitcoin as I think it has the very best price then any other type of asset.
According to economists, bitcoin may be more like a new product, or an investment, or a stock.
I do agree with that, and I think bitcoin is more like a special kind of futures stock.
I do agree with that, and I think bitcoin is more like a special kind of futures stock.
What ever function as a legal tender in a country is its currency or say money , if a paper printed note whose legal tender is finished is no more currency . Similarity Bitcoin is digital currency or money difference is only it is not printed piece of paper but uses decentralised technology for secure payments.
there are large number of currencies in the world and all that currencies are money. just like that bitcoin is also a crypto currency and you can use it for every work because you can convert it to your desire currency and then you can buy everything which you want.
Bitcoin has a value so sure it's money, I would work hard to earn bitcoin than cash because I believe it has more value that the cash we will received. With the limited supply and not controlled by the government I can expect more progress and will also reflect in the price, I will just consider this as my investment.
I really agree with you, bitcoin will be a long-term investment for the holder for his needs on the other day, and will benefit the holder itself.
Yes Bitcoin is money, virtual money. More and more businesses are accepting it too 
I think bitcoin is can be as money as well as asset which cannot be done by any other.
1.Bitcoin as money,if someone want to buy anything or want to pay to someone we can transfer our bitcoin from our wallet to their because many countries started to accept bitcoins,if is illegal in your country you can exchange bitcoin into your country money then you can spend it.
2.Bitcoin as asset,bitcoin can also be used as like stock or gold.Bitcoin is a good investment if your investment is long term then which gives it good profit.The profit percentage is high in bitcoins.
Yes i considered bitcoin as a money.
They only deffer for me in one aspect.
Money can be use to buy anything while bitcoin has a limit for now, I mean when you buy something
from the grocery store you cannot use bitcoin. You will need to covert it first to your local currency.
They only deffer for me in one aspect.
Money can be use to buy anything while bitcoin has a limit for now, I mean when you buy something
from the grocery store you cannot use bitcoin. You will need to covert it first to your local currency.
Yes. You can safely consider bitcoin as the new money of the future. Most likely in the near future, digital currencies will replace Fiat. And this is good, because anonymity, speed, small transaction prices, smart contracts, prospects have a place to be in our lives.
yes, bitcoin is money that will use to buy your needs in everyday like clothes, food, etc.
Yes, I consider bitcoin as money. Its a digital money. I can buy and pay my bills through bitcoin so it also like im using money. I can convert my bitcoin to cash for my daily expenses. I can get to buy and go wherever i want through bitcoin.
I think we have our own opinions and explanations about this topic, and we must respect such opinion and explanation. I think I will just describe bitcoin as I use it, so for me, bitcoin is not a money, it is an asset I use to earn fiat money. I earn bitcoin from signature campaign and bounties. I cant really buy things with bitcoin because here in our country, bitcoin is not a that popular and not accepted mostly by stores.
Bitcoin would qualify as a money or currency,it is medium of exchange and a unit of account.It can be used to purchase goods or services,used to pay for individual living expenses.The only limitation of bitcoin is that is limited to those places that accept it as currency.
+1 agree that it is not money. However, if it was a pure commodity then it would necessarily require some (even minimal) use value, beyond an exchange value. Right now bitcoins have a 0% use-value and a 100% exchange value (eg, if they could not be exchanged for something else, they would merely be taking up space on our harddrives and are inherently useless, like random chunks of data).
I agree too that bitcoin is like money. it is a token or a coin but it can be converted to money so I agree it is a sort of money. we can earn money from joining bitcoin which we can use in our daily expenses as well as we can use in paying our bills. this is how good bitcoin is in our life. source of income.
I wont condider bitcoin as money yet.
For me it is still a comodity...
One of the best reason why i wont call it as money yet is because we cannot use it for our daily lives on this stage. You cannot rely purely on bitcoin to be spent in every transaction you do. Especially not all countries have a wide range of uses for bitcoin yet.
For me it is still a comodity...
One of the best reason why i wont call it as money yet is because we cannot use it for our daily lives on this stage. You cannot rely purely on bitcoin to be spent in every transaction you do. Especially not all countries have a wide range of uses for bitcoin yet.
Nowadays bitcoin is money because not only can we change it in cash but we can even buy physical products from some sites.
there are large number of currencies in the world and all that currencies are money. just like that bitcoin is also a crypto currency and you can use it for every work because you can convert it to your desire currency and then you can buy everything which you want.
Bitcoin has a value so sure it's money, I would work hard to earn bitcoin than cash because I believe it has more value that the cash we will received. With the limited supply and not controlled by the government I can expect more progress and will also reflect in the price, I will just consider this as my investment.
there are large number of currencies in the world and all that currencies are money. just like that bitcoin is also a crypto currency and you can use it for every work because you can convert it to your desire currency and then you can buy everything which you want.
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