Topic: Is Bitcoin money? - page 84. (Read 112169 times)
There is a single ability that can make or break a trader and it is the ability to do things on your own, research on your own, pick coins on your own and if you cannot do this,n then just give up for the moment. Whatever you think that bitcoin is money or not, the important thing is that you have to know on how to earn the bitcoins.
Id say it's a cyberworld jewelry. Just like how people mine in the real world to get golds; except this one is online.
- My take on it is a bit different. I will count it as a commodity which can easily liquefiable.
- It's a commodity but a lot different and above it's league.
- It promotes barter system; means you can exchange another commodities with it. You can exchange other services, goods, alt coins, etc.
- Advance system are already in the market which allows you to encash this in real time with fiat. Bitcoin Debit Cards, etc.
- If we treat it as a currency, then there are many corners yet to be fulfilled and it will create serious enemies in fiat.
- If we term it as a commodity, fiat will be friends more rather than enemy.
My 2 cents...
- It's a commodity but a lot different and above it's league.
- It promotes barter system; means you can exchange another commodities with it. You can exchange other services, goods, alt coins, etc.
- Advance system are already in the market which allows you to encash this in real time with fiat. Bitcoin Debit Cards, etc.
- If we treat it as a currency, then there are many corners yet to be fulfilled and it will create serious enemies in fiat.
- If we term it as a commodity, fiat will be friends more rather than enemy.
My 2 cents...
Yes, I think Bitcoin is money but online money.
yes, Bitcoin is money but Bitcoin can only be found on the Internet because Bitcoin is the internet currency. Yes, I think Bitcoin is money but online money.
You are absolutely right, Bitcoin is money but the different is, It is online money. But the reason is some people not accept that bitcoin is money and they have different thinking about bitcoin. But whenever they like to use bitcoin then they use bitcoin as a money. In this time, i ask them, if you use bitcoin for a money then why not you accept bitcoin is a money? It money name is crypto bitcoin.
Yes, I think Bitcoin is money but online money.
You are absolutely right, Bitcoin is money but the different is, It is online money. But the reason is some people not accept that bitcoin is money and they have different thinking about bitcoin. But whenever they like to use bitcoin then they use bitcoin as a money. In this time, i ask them, if you use bitcoin for a money then why not you accept bitcoin is a money? It money name is crypto bitcoin.
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.
+2
Bitcoin founder say bitcoin as digital money, but maybe its still need more time to decide the real and stable value of this currency for using as commercial payment method. People need stability.
In my prediction, cryptocurrencies including bitcoin will threated as Commodity in next 1 or 2 Decade/s
Bitcoin is money only as long as people are willing to accept it in trade.
Example: I went to a country with its own currency but only had dollars on me. I wanted to buy a beer but didn't have (yet) any local currency. The bar manager knew the exchange rate of dollars to the local currency and let me buy beer there. Even more recently I had a few dollars on me and was allowed to purchase goods at a convenience store when I ran out of local currency during a holiday weekend since the owner also knew the exchange rate. Ironically this convenience store owner not only has never heard of Bitcoin but has no way to accept it as he is set up now.
Is Bitcoin money? 99% of the time....no.
Is it a store of wealth...possibly safer than a bank? That's really the only use I see it for in the next 2-3 years. Financial crashes and bank runs are basically the only reason I'm even interested in BTC. Making a profit from it is secondary to wealth preservation.
Example: I went to a country with its own currency but only had dollars on me. I wanted to buy a beer but didn't have (yet) any local currency. The bar manager knew the exchange rate of dollars to the local currency and let me buy beer there. Even more recently I had a few dollars on me and was allowed to purchase goods at a convenience store when I ran out of local currency during a holiday weekend since the owner also knew the exchange rate. Ironically this convenience store owner not only has never heard of Bitcoin but has no way to accept it as he is set up now.
Is Bitcoin money? 99% of the time....no.
Is it a store of wealth...possibly safer than a bank? That's really the only use I see it for in the next 2-3 years. Financial crashes and bank runs are basically the only reason I'm even interested in BTC. Making a profit from it is secondary to wealth preservation.
that's why bitcoin is still not legal in some countries because there is no law governing bitcoin yet. but in japan bitcoin is accepted as a payment method and in finland is recognized as a commodity
Court records are public access and you should have tried there first. Florida court declared that Bitcoin is a commodity and that was almost two years ago. It is all over the place and not hard to find. This is the key to making money, research and the ability to find information without help. Bitcoin can be seen as money or a tool to make money.
Also, if you are investing in bitcoin you have to be updated and knowledgeable as the price fluctuates based on the news the comes out.With an active traders, people will speculate and that will cause a price pump and dump, definitely for me it's money and that is just my own definition, I am holding this because anytime I wish to sell I can do it and that is the essential characteristics of money.
i think Bitcoin is not money, but Bitcoin is a new way to earn money, like we plant rice and then we sell to earn money, gold mining then we sell to earn money, and that's how we are today, looking for bitcoin and then sold for money , i think so
Agree with that not a money but way to earn money that many if us using and doing it have it let just say too a new easy way to earn a lot of money bitcoin can hold too and if you hold totally safe if you invest more profit will come and then we can convert to real money that we can buy now what we already need 
Everybody know that Bitcoin is Digital currency / online currency and it has no any visual figure. bitcoin and money is not some. I think that bitcoins are not money but money and currency are not quite the same thing just verified network. it is not control bank or government. Bitcoin is something radically new and bitcoin has many more nice features and more advantages and can be traded more easily.
Court records are public access and you should have tried there first. Florida court declared that Bitcoin is a commodity and that was almost two years ago. It is all over the place and not hard to find. This is the key to making money, research and the ability to find information without help. Bitcoin can be seen as money or a tool to make money.
Yes, it is. I already tested. I charged my cellphone with bitcoins, and everything ran well. 
I think the main threat in considering bitcoin real money is its comparison with easy money or money that is used for smuggling. But in the end bitcoin always has an associated value. And it is also determined by demand and supply.
Regards.
You can do a lot more than that with bitcoin, you can pay your bills and the last time I read, it seems there was the possibility of paying your taxes in some places with it, so bitcoin is slowly making its way into the economic system. I think the main threat in considering bitcoin real money is its comparison with easy money or money that is used for smuggling. But in the end bitcoin always has an associated value. And it is also determined by demand and supply.
Regards.
It is the money of internet.
Regulators may consider Bitcoin is just an asset, a commodity or a securities, but all theses can be used as money, so there's a very little difference.
Regulators may consider Bitcoin is just an asset, a commodity or a securities, but all theses can be used as money, so there's a very little difference.
By means of transaction, no doubt that bitcoin is already a money for us who uses and enjoys it. We can't consider a thing if it doesn't have a value or price but because bitcoin does have high value and price, it is very considerable that bitcoin is money. And not just a money for us but also it's an investment.
It is the money of internet.
Regulators may consider Bitcoin is just an asset, a commodity or a securities, but all theses can be used as money, so there's a very little difference.
Regulators may consider Bitcoin is just an asset, a commodity or a securities, but all theses can be used as money, so there's a very little difference.
Yes, Bitcoin is clearly money and nothing but money. We can use Bitcoin as real currency to buy things and sell them online and many governments started accepting as payment method offline as well. I don't see any difference between Bitcoin and fiat or the other used currencies, so it is for sure money.
Yes, I think Bitcoin is money but online money.
bitcoin is money and It has a lot of features.We can use bitcoin more than for payment. also we can reap the benefits of it.
Yeah but right now, I do not see many people spending their bitcoin for goods or for online payment. The price of bitcoin is too high which force them to hold their bitcoin instead of spending it. It is not a good idea anymore because if this continues to happen, bitcoin will no longer a type of money. It will certainly become a type of investment 
bitcoin is money and It has a lot of features.We can use bitcoin more than for payment. also we can reap the benefits of it.
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