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Topic: Is Bitcoin money? - page 91. (Read 112173 times)

hero member
Activity: 2562
Merit: 586
August 29, 2017, 06:41:57 AM
bitcoin will always grow as you can see currently. real money also grow but not like bitcoin. the fact money held government. bitcoin held by community demand. bitcoin can be use for real money and buy stuff in the internet. it has value to buy and sell. even can trade to real money if you want too. so yeah bitcoin is a money that can be use for real life to buy and sell something.what is better. bitcoin still grow and grow to a very expensive coin in the world.
Bitcoin is the public asset, our money. It has freed our earning from the claws of governments and this is why it has become my darling now. Though I can not avail all of the local services with bitcoins but at least I have not to worry about fiat transactions when I am shopping online. It has made my life a lot easier.
full member
Activity: 630
Merit: 100
August 25, 2017, 10:29:33 PM
bitcoin will always grow as you can see currently. real money also grow but not like bitcoin. the fact money held government. bitcoin held by community demand. bitcoin can be use for real money and buy stuff in the internet. it has value to buy and sell. even can trade to real money if you want too. so yeah bitcoin is a money that can be use for real life to buy and sell something.what is better. bitcoin still grow and grow to a very expensive coin in the world.
legendary
Activity: 1330
Merit: 1003
August 25, 2017, 10:22:08 PM
Better than money.

Money does not grow.
BTC grows in time.

Bitcoin only grows for a limited time. The settings are currently that in the year 2021, the final Bitcoin will be mined. Keep in mind, however, it could happen far earlier or later in fact - there is no way to know for sure. It depends on how fast computer technology evolves. For example, if quantum computing is developed enough by that point to mine Bitcoin then it could all be mined within just a few decades or even less. hahaha
full member
Activity: 148
Merit: 100
eCommerce Web Developer & Customer Support -remote
August 25, 2017, 10:16:17 PM
Better than money.

Money does not grow.
BTC grows in time.
full member
Activity: 182
Merit: 100
Buglab.io
August 25, 2017, 08:39:37 PM
I agree with you bitcoin is a digital currency beyond fiat money .. bitcoin you can use for various purposes transactions easily, fast without third party .. bitcoin also you can use a good inbestasin means .. if you want to benefit from bitcoin Amda just need to save the coin. The longer you save you will get many benefits. Bitcoin has increased in price from time to time .. should immediately buy bitcoin for your investment.
full member
Activity: 182
Merit: 100
August 25, 2017, 08:32:52 PM
If we will answer this question literally I don't think that bitcoin is already counted as a money unless you turn it into cash. I don't think that there's existing bills or coins of bitcoin. It is just a tool like gold that you can changed to money. Yen, dollar, real, peso, etcetera.. Those are what I consider as money. Money should be tangible.
hero member
Activity: 2590
Merit: 644
August 25, 2017, 08:00:33 PM
Bitcoin could be called both as money and commodity.
Since people invest in bitcoins with the idea of getting more returns,it could be considered as a commodity.
But at the same time,bitcoin could be used for buying goods and could be easily transferred like currrency.Hence,bitcoin could also be considered as money.
Bitcoin is both but since satoshi created bitcoin with the purpose of being a currency then I think that is the way we should consider it.
Satoshi created bitcoin because he is so done with the problems of our fiat money and using bitcoin we can benefit the decentralization of it and we can be our own bank without worrying for the government or any organization that can interfere us from using it on anywhere we want. Bitcoin is freedom and the solution for the inflation and that is why it is the best money right now.
hero member
Activity: 907
Merit: 500
August 25, 2017, 05:47:21 PM
Bitcoin is better than money. Its a way for us to take control of our money without any government or third party involvement.
Yes you are right. This is something superior to money. For many people it is the reason they can earn money. And I am one of them. Bitcoin is not just a money it is better than that. Money cannot be controlled easily but through bitcoin we can have control over our money. So the thing that keeps safe is always better than that to be kept safe.
full member
Activity: 434
Merit: 100
August 25, 2017, 05:23:26 PM
Bitcoin could be called both as money and commodity.
Since people invest in bitcoins with the idea of getting more returns,it could be considered as a commodity.
But at the same time,bitcoin could be used for buying goods and could be easily transferred like currrency.Hence,bitcoin could also be considered as money.
Bitcoin is both but since satoshi created bitcoin with the purpose of being a currency then I think that is the way we should consider it.
full member
Activity: 448
Merit: 122
August 25, 2017, 04:27:43 PM
Bitcoin is not money until it been converted to your local paper currency.
hero member
Activity: 700
Merit: 500
August 25, 2017, 04:20:45 PM
Bitcoin is more than money. It is virtual gold. It is a valuable commodity. It should be on the new channels when they run financial markets.
full member
Activity: 140
Merit: 100
August 25, 2017, 03:55:39 PM
We can define money as a means of exchange. Today, we can buy goods and services with money.
Bitcoin can be used as a means of exchange like dollars. We can buy everything we can buy with money with bitcoin.

From this point of view, we can call it a digital currency for bitcoin.
legendary
Activity: 1274
Merit: 1004
August 25, 2017, 03:32:06 PM
yes, bitcoin is not actually the MONEY, instead, it is said as a MONEY PROCESSING SYSTEM. it's like PayPal but in another higher level like (super Saiyan God) anyway we should never forget why money is made. many years ago people trade goods for goods then they started exchanging gold coins for goods and now it is evolved so much that now we exchange a paper for another paper. we became a slave so Bitcoin came and saved us all from this slavery coin system.
hero member
Activity: 2646
Merit: 582
Leading Crypto Sports Betting & Casino Platform
August 25, 2017, 02:57:50 PM
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
I do agreed with you sir, Though I'm a newbie in this industry, I saw that bitcoin is such a potential things virtual currency, where its impossible in the sight of many that bitcoin is not a money. But, it is money for me as long as you can convert it into a real cash according to what country you belong it will be convert. Which means it a real money Wink
Bitcoin is money for me also. However, I don’t consider gold as money. Gold is an asset in true sense. I haven’t come across anyone who gives gold for availing services but people pay Satoshis for the services they enjoy like shopping, eating in restaurant, buying tickets or gadgets.
full member
Activity: 1008
Merit: 101
August 25, 2017, 07:35:29 AM
Bitcoin is both, money and investment that's why bitcoin is unique like no others
When bitcoin occur, it's really help me a lot for my life and my school  !

Yes your are right bitcoin is money as well as investment because as in term of money we can fulfill our need from bitcoin and can be use like money in online shops while in term of investment there is no best investment site other than bitcoin as a lot of people know this.
member
Activity: 194
Merit: 10
☀️ Iskra Coin ☀️
August 25, 2017, 07:07:33 AM
Bitcoin is the new idea of money. That’s why it is having so much problems with governmental regulations. The laws that cover financial system, do not cover the notion of cryptocurrency. So, in order to use it 100% legal, the country must enact a separate law for cryptocurrency. Like they did in Japan.
It's true that bitcoin is our new money it's only a money but it is a digitized one. A one of a kind money that gives hopes to everybody. It's like holding a future through bitcoin. The problem is that not all people accept it because they find it worthless. So let's find ways to convince people how to earn bitcoins and help one another building a better future.
member
Activity: 113
Merit: 10
August 25, 2017, 06:55:18 AM
Bitcoin is the new idea of money. That’s why it is having so much problems with governmental regulations. The laws that cover financial system, do not cover the notion of cryptocurrency. So, in order to use it 100% legal, the country must enact a separate law for cryptocurrency. Like they did in Japan.
legendary
Activity: 1288
Merit: 1043
:^)
August 25, 2017, 05:01:54 AM
Knowing you can buy almost anything with it sure its money, the fact isn’t printed as fiat currencies made some people to doesn’t consider it as currencie. For me this weren’t a question about being money and yes where and how to use in the daily needs, as we do with fiat.

I mean, im pretty sure if they accepted it, you could buy just about anything with gold and silver (along with other precious metals / commodities), but that doesn't make gold / money. personally, I define money as the legal tender of a nation or state, and until that is so, bitcoin won't be something I can consider money in my own definition. a highly liquidatable asset describes it a lot better in its current state.
full member
Activity: 361
Merit: 101
August 25, 2017, 12:54:49 AM
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
I do agreed with you sir, Though I'm a newbie in this industry, I saw that bitcoin is such a potential things virtual currency, where its impossible in the sight of many that bitcoin is not a money. But, it is money for me as long as you can convert it into a real cash according to what country you belong it will be convert. Which means it a real money Wink
hero member
Activity: 2590
Merit: 644
August 24, 2017, 11:47:37 PM
Bitcoin is better than money. Its a way for us to take control of our money without any government or third party involvement.
Bitcoin is indeed better than money and we can earn a lot of money from different possible sources of income like trading and different investment like ICO and more. Bitcoin is a freedom money which doesn't need any middle man or help by the government because it can work alone and it can last longer than we think if the community behind bitcoin will not fade.
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