Yeah! I believe it is as for it's not really a commodity because we can't physically have a bitcoin. It's treated as money and as a form of currency and can be used to pay for things, which is why I classify Bitcoin as money.
Yes ofcourse, all people here use bitcoin such money. Bitcoin is realy good to be currency becouse it no need pishycal, so we do not have to worry if some one try to steal our money in street or in the crowd. Becouse we are the only one who can control our money. 
Topic: Is Bitcoin money ? (Read 1333 times)
Yeah! I believe it is as for it's not really a commodity because we can't physically have a bitcoin. It's treated as money and as a form of currency and can be used to pay for things, which is why I classify Bitcoin as money.
I feel that the classification bitcoin included into money. I classify based bitcoin greatest usefulness. current users of bitcoin, mostly using bitcoin as a means of transaction, because so many advantages of bitcoin in terms of transactions, such as transactions quickly and anonymously. although many people who also use bitcoin as a tool for investment, however I would classify it as a bitcoin money on the internet
In my opinion, Bitcoin is a good means of payment. But, unfortunately, to get the cash I have to exchange Bitcoins to Fiat. Once Bitcoin will like paper and / or a digital money and as soon as I can buy a "loaf of bread" for Bitcoins, then I can say with confidence that Bitcoin is real money. At the moment, Bitcoin is a commodity like gold or silver.
This question is asked all the time. To be frank we can waste time trying to prove one point or another, but what is the point?
I have another question: "Is gold money or property?" I think it is both. And with bitcoin is the same.
BTC can be classified as commodity, currency, money - and in fact is - by various government or financial institutions in the US.
You want to know some more about money vs. currency debate? This video is for you - Money vs Currency - Hidden Secrets Of Money Ep 1 - Mike Maloney:
https://www.youtube.com/watch?v=DyV0OfU3-FU
I have another question: "Is gold money or property?" I think it is both. And with bitcoin is the same.
BTC can be classified as commodity, currency, money - and in fact is - by various government or financial institutions in the US.
You want to know some more about money vs. currency debate? This video is for you - Money vs Currency - Hidden Secrets Of Money Ep 1 - Mike Maloney:
https://www.youtube.com/watch?v=DyV0OfU3-FU
Hello everyone,
i am just confused as what classification Bitcoin will fall into, money,stock or commodity?
Bitcoin is money, bitcoin is cryptocurrency made by satoshi. Bitcoin was created for better way of buying or selleing transaction that have anonimity. And bitcoin have so many adantage than use fiat, goverment can not rule bitcoin so we do not have to pay tax. i am just confused as what classification Bitcoin will fall into, money,stock or commodity?
Bitcoin is whatever you want it to be. In my case, the following is what I consider Bitcoin to be per case.
# Money - In the times I want to send or receive a certain amount, or simply when I buy something.
# Investment - In the times I want to use Bitcoin as a tool to make profits (which can be through trading, or long term holding).
# Store of value - I use Bitcoin for this purpose to store money outside the reach of banks and governments, and also with the intention to avoid seeing my wealth go down in value as is happening with fiat.
For others it might be different, but for me these are the most important use cases.
# Money - In the times I want to send or receive a certain amount, or simply when I buy something.
# Investment - In the times I want to use Bitcoin as a tool to make profits (which can be through trading, or long term holding).
# Store of value - I use Bitcoin for this purpose to store money outside the reach of banks and governments, and also with the intention to avoid seeing my wealth go down in value as is happening with fiat.
For others it might be different, but for me these are the most important use cases.
Bitcoin is money. It has much more different usage than cash money so in this sense we can classify it as a stock or commodity but in the end it remains money. It is better than cash money as it can be used online without revealing our details.
Hello everyone,
i am just confused as what classification Bitcoin will fall into, money,stock or commodity?
IMO bitcoin is both currency and commodity.You can directly spend it and send it to anyone anywhere as long as sender and receiver both have internet access.It can also be used as commodity for investment purpose i am just confused as what classification Bitcoin will fall into, money,stock or commodity?
Hello everyone,
i am just confused as what classification Bitcoin will fall into, money,stock or commodity?
In my opinion for right now bitcoin is commodity like gold or silver, but in the future maybe it will become money if there are many people who use bitcoins for payment method. And moving bitcoin's price is like stock when i traded bitcoin to fiat.i am just confused as what classification Bitcoin will fall into, money,stock or commodity?
Hello everyone,
i am just confused as what classification Bitcoin will fall into, money,stock or commodity?
I personally can't give a very good answer to this question, but it is far more money-like than the fiat currency that we have. While some people might think of it like a stock, it is more like a commodity imo, in that debate. But I personally think that it is ordered Money > Commodity > Stock. i am just confused as what classification Bitcoin will fall into, money,stock or commodity?
I do not think Bitcoin is money. Bitcoin seems like property than money although people can use Bitcoin to buy and sell many things online as well as in the physical world. However, whether bitcoin is money or not, we can not deny the benefits which bitcoin has given to us. Thus, we can use bitcoin instead of money
If Bitcoin was not money, then why do I pay for beers with it every weekend at my local pub? I buy Burritos at a local street vendor that
accepts Bitcoin almost every day. It is not to say, if Bitcoin was not accepted everywhere that it cannot be seen as a currency. We are getting
closer to the day, when Bitcoin will be accepted at every merchant or shop selling some or other service.
For me Bitcoin is money because I use it as money. And probably for all other people who use it as a payment method. Afterall it's a cryptocurrency, right? But legal definitions may vary depending from country to country. Some treat is a commodity too.
But this is a question that we can disscus and probably everyone would have it's reasons why to treat Bitcoin as money or not.
Yeah we can use bitcoin to buy something online its not just a money we can exchange them in to money in order to buy other things since bitcoin still can not use directly to buy things locally so there is some alternatives online or exchange it into money to use it. But this is a question that we can disscus and probably everyone would have it's reasons why to treat Bitcoin as money or not.
In my own opinion, its actually money because it can be served as a means of payment for goods and service even in the past before the advent of civilizations and government according to history, whatever is accepted as a means of exchange is money but in this dispensation that is not the only characteristic Bitcoin will have without the legitimacy which is the legal tender status by that factor is pending, then its not money...
maybe your idea of what money is could be lacking, money is anything that people accept in exchnage for goods and services
Hello everyone,
i am just confused as what classification Bitcoin will fall into, money,stock or commodity?
I think it doesn't fall under any traditional money, stock or commodity definition due to the feature and property bitcoin have.i am just confused as what classification Bitcoin will fall into, money,stock or commodity?
Money: money is controlled by banks/government but bitcoin is not and also unlike paper money bitcoin have limited fixed supply.
I will better say bitcoin as decentralized crypto currency and it is another form of money and better than paper money.
I do not think Bitcoin is money. Bitcoin seems like property than money although people can use Bitcoin to buy and sell many things online as well as in the physical world. However, whether bitcoin is money or not, we can not deny the benefits which bitcoin has given to us. Thus, we can use bitcoin instead of money
Technically speaking, bitcoin is not a money but it can be considered as an alternate investment which can fetch a much higher return than any other traditional investment.
If you want to spend bitcoin for silly things like recharging mobile or buying groceries, then you are welcome, but then you will be throwing away the chances of being rich in future. Bitcoin has a very high upside potential and you should not spend bitcoin for silly things. better you store it for longer time and unleash its power.
If you want to spend bitcoin for silly things like recharging mobile or buying groceries, then you are welcome, but then you will be throwing away the chances of being rich in future. Bitcoin has a very high upside potential and you should not spend bitcoin for silly things. better you store it for longer time and unleash its power.
Bitcoin is a digital money which is officially known as cryptocurrency. Actually bitcoin is not printed like paper currency our stamped like silver coins. But it is simply stored electronically or in paper. Although it's a money but there is no tax or such duties imposed by government. It is decentralized money and no one have control over this money
At the time of existence bitcoin has been considered as a token which is been used much into the transaction of big amounts. Now due to the advancement things have changed gradually. Most users consider it as a worthy investment and currency which has a growing potential compared to other national currencies which have a standard value.
Jump to: