Is Bitcoin Money or Currency - page 11.

Elrozaq

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

I think bitcoin is not real money, It is crypto currency for payment system and investment. It's my opinion.

ARAGETS

full member

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Bitcoin is digital money and currency but in the crypto world not real world. They have value and exchange to buy and sell. They have a big community too. So bitcoin cant compare with real money / fiat, because bitcoin is digital money and has fluctuative price, not like fiat / real money.

developer101dev

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

In my own opinion, bitcoin is a money today because we can use it just like credit cards in order for us to purchase anything that we are interested and because of that, we can identify cryptocurrency today or bitcoins as a money.

changcloy

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

Bitcoin is a currency in digital form and it turns to money when we exchange it to our fiat/local money. I see more bitcoin as an investment where I can earn profit.

Farhan786

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Quote from: ruhel khan on February 27, 2018, 02:34:44 AM

Bitcoin is a cryptocurrency or digital currency which is untouchable. But this currency has a value where we can invest our money to get profit. we can also use it to buy things via online.

Everyone knows what is bitcoin.bitcoin is a cryptocurrency and also money.I can make transactions with low cost .

Elmughni

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

I think both, Bitcoin is money and currency. because bitcoin is crypto currency, bitcoin for payment and investment.

iMark

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Quote from: supercanada1 on May 08, 2018, 06:45:33 PM

Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

bitcoin is a currency which is used by any country and convert it to their country money which we used as a medium of exchange.

I think we should be able to distinguish between currency and money, I think money is like gold that does not have price inflation, and the currency is like we use today, that is fiat? I think bitcoin itself is a currency because it is made by humans and has price fluctuations? but what's special is bitcoin can also be used as an investment just like gold?

reynilynedago

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

Bitcoin is a digital cryptocurrency it is also a digital money that can really be converted into different kind of currency that can use to buy thing in a verry simple way.and we can really gain through it in a verry simple way so then i believe that bitcoin is also a money but it is running only through the internet it is really amazing.

maitexisi

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

There is no absolute difference between money and goods. "Money is a commodity, and a commodity is not necessarily a currency."

The traditional definition of money is "general equivalent". In other words, people agree that this thing can be used as a measure of the price of other goods, and that's the currency. Cigarettes became a common currency in prisons. Do you say that cigarettes in prison are money or goods?

Bitcoin has now been able to trade most of the legal currency on the Internet, and I think that's already a currency.

Escf4

jr. member

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GIGZI - INDEPENDENT WEALTH MANAGEMENT

In bitcoin it can be compared to money because it will be use as medium of exchange ,as payments of the different establishments, it is also considered as currency but only circulating in the digital world, so it can be money and currency as the same time.

Ramjan ali

newbie

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Cash more often than not in this age has been represented by a brought together influence, Bitcoin is the decentralized type of cash we have, which is more advantageous and simple to transmit, To answer your inquiry it is both money and cash.

supercanada1

sr. member

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

Bitcoin is a world wide digital currency which is used by every one in the corner of world in exchange of their country money. now bitcoin community are so big and every one aware form bitcoin now we can used bitcoin for our business and we can book rooms in hotel in every country and some of airline accept bitcoin for book set tecket of the air but. i think the days are not so far when every one used only bitcoin in exchange of daily used instead of their country money.

krhnrhn

sr. member

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it does not matter.. The important thing is worth of crypto currencies.. rest of them is not important..

PrincessChe

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Everyone to know that Bitcoin is the type of currency developed in a digital form and ciphered for check of transactions of assets, and for management of creation of currency the name appropriated to this type of currency is cryptocurrency.

princeyeboah

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

You can call it both. Bitcoin is money because it is used as a medium of exchange for goods and services - reference to your definition for money. And a currency because Bitcoin has been legalized in certain countries like Philippines, Japan, USA (almost legal) etc. Practically, Bitcoin fits within either the money or the currency status.

Feuerbach

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

Bitcoin is a currency. Money is a broader category. Bitcoin is also used as an investment asset.

doomloop

hero member

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Quote from: dekafee79 on May 08, 2018, 04:13:33 AM

Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

I think the bitcoin is both, money and currency. Its a crypto currency that is used as money. bitcoin can use to investmeny also payment system. it is my opinion.

Bitcoin in a sense are both currency and money. It is a currency and a digital currency and it is money as we know that every valuable thing is money near people. The demand of Bitcoin is very high as we have seen and judged by its value and likes that is why Bitcoin is popular and acts as money and it is using as payment method and transactions as well so in my opinion Bitcoin is both.

ngusmin

copper member

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

Bitcoin is a digital currency or cryptocurrency that has no physical form, bitcoin has a value in which we can use to transact and can also be a profit-giving investment.

UchihaRukawa

full member

Activity: 364

Merit: 100

Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

In my opinion bitcoin is both money and a currency. Money, because you can use it as a mode of exchange, you want something that Im selling? Then you could give me an amount of bitcoin so that you can have it. Currency, because it is being used as money in general, and bitcoin is a form of cryptocurrency, a kind of currency which is in crypt, so for me, bitcoin is clearly both money and a currency.

aishyoo17

sr. member

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Merit: 250

Bitcoin is both money and currency and though this is not still widely address for us who believe in bitcoin we consider it as like that and who knows in the future this will be a legal currency that we can all use in every transaction we will make.

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