Is Bitcoin Money or Currency - page 14.

Osarman

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Quote from: GamingBro on May 02, 2018, 04:28:41 AM

Quote from: JoctanJoramGar1 on May 02, 2018, 01:52:20 AM

Bitcoin is an absolutely new system of settlements between people. Humanity has not yet realized the breakthrough and importance of this idea of decentralization of money

Humanity is understand everything, that's why bitcoin and other cryptocurrencies are popular nowadays. Decentralization of money is the main factor that making people use bitcoin, profit means nothing in this case.

I don’t really think so that this thing carries any kind of significant importance and that you can call it either as currency or money based on your usage and interest. For me, bitcoin is an asset which is helping me in having some very good amount of earning because of the reason that I keep on holding all my bitcoins for as long as I could and that I don’t spend those bitcoins to buy anything.

newcollegestar

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Quote from: JoctanJoramGar1 on May 02, 2018, 01:52:20 AM

Bitcoin is an absolutely new system of settlements between people. Humanity has not yet realized the breakthrough and importance of this idea of decentralization of money

At the present moment, it is not a possibility that every single person living on earth can use bitcoin or knows about it but in future, digital currencies would be used like fiat and both will coexist and after sometime, when the world will totally convert into a pure technology oriented place, digital coins will be the face of money. But it is far away from today and if there won’t be education everywhere, it is not possible.

Rizky Aditya

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Quote from: CuteBaby123 on April 30, 2018, 09:07:23 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 now is usually used as a tool of making money rather than a currency. Bitcoin in my own point of view is more of money because it is used in investment and gaining profit.

Bitcoin is a crypto currency and that too having a volatile nature and other than, decentralized in nature too. It is hard to categorize bitcoin as money or currency because of the reason that for now, its usage as money is not that much significant and that people are only using it for the sake of investing their money and then are holding it for longer period. no matter what you call it, it will surely help you in having more earning.

Boromon

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Bitcoin can be called money that can not be seen physically because bitcoin is made as a means of transaction by using the internet. And Bitcoin is a digital currency to will be able to convert into fiat or money. So Bitcoin is money and a currency too.

Legone

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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?

Money or currency are both the same in meaning, because all valuable things are considered as money that we can used them as a currency, but the difference is the usage and how it works as a currency or as money. Gold, crypto, food and beverages are basically considered as money or as currency, because we can sell and buy them or in barter system depending on their individual value.

dirham99

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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?

both, I think it is crypto currency. It's currency that has value. it also a payment system. it is a virtual money. so, it is the future thechnology , you can use it for currency and money too.

NeoTech42

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Both. It will become real money like Dollar, Euro the day it will be used almost everywhere by anyone.

monkeykiss21

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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 cryptocurrency manageable by the technology. It's rolling by the online network. And it's payable back as a cash of money..

malah

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for me bitcoin is currency because we can only use it in digital and online we can not use it directly like other official currency so bitcoin not money but you can exchange it into money

atom2080

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Bitcoin is a payment network similar to Mastercard or Paypal, and bitcoins is the currency are the medium of exchange on the bitcoin payment network. Bitcoin is a global currency, which is traded person to person without any need for a bank in the middle.

Thian778

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In my point of view Bitcoin falls in to the category of money since it can be used to pay for products and services, but as today's situation it is like 40% acceptance of becoming a new currency as long as countries will approved of it.

Celebrity

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Quote from: Ailmand on May 04, 2018, 03:04:34 PM

Quote from: ensurance982 on April 08, 2015, 09:38:23 AM

Both, of course. And topmost it is also a payment system. Oh, and it is a technology to prove ownership over something (Bitcoins in the most basic form) on a distributed no-trust-requiring public ledger.

I think in the sense of being something that can be used to purchase or pay for good and services. Then, the term "currency" and "money" can be used interchangeably here. It's because it terms of function and use, they possess the same characteristic. However, the beauty of Bitcoin, or cryptocurrencies in general, is that it's just one facet of their use; they can be used in so many different ways that it can really be a good asset to hold because it can be an invest-able and trade-able asset all at the same time.

Bitcoin is not only a money or currency. It has an instrinsic value and it's more like an asset. It's not like dollars or euros, but it's more like commodities and gold and silver. It's a new digital form of a valuable asset if you ask me about bitcoin and other coins.

PrincessChe

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Bitcoin is a virtual currency, and today it is used by many people, it is almost equal to normal money which people use now because they have good reviews of bitcoin, as well as their own currencies, in the future he will be used by all people in the world,

Zarinagotyu1

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according to that difinitions money is physical appearance of currency and because of nonexistent of coins or banknotes i can't say that BTC is money, but we can pay with it, so BTC is currency

Ailmand

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Quote from: ensurance982 on April 08, 2015, 09:38:23 AM

Both, of course. And topmost it is also a payment system. Oh, and it is a technology to prove ownership over something (Bitcoins in the most basic form) on a distributed no-trust-requiring public ledger.

I think in the sense of being something that can be used to purchase or pay for good and services. Then, the term "currency" and "money" can be used interchangeably here. It's because it terms of function and use, they possess the same characteristic. However, the beauty of Bitcoin, or cryptocurrencies in general, is that it's just one facet of their use; they can be used in so many different ways that it can really be a good asset to hold because it can be an invest-able and trade-able asset all at the same time.

playboy654

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Quote from: jorgelugra on May 04, 2018, 04:29:52 AM

As for me there is no much difference between these two words. Both terms mean that you can use this money or currency to get something, this means that it has a certain value and this makes sense

Both are very common in now a days so my opinion is which is convenient for whom is always welcome so both things are very need for that so normal currency and crypto currency are are in good stage now .

josephpogi

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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?

Yeah bitcoin is a currency used as a medium of exchange. Currency is more of a narrow term and money is wider and broader term. Currency comes under money, and thus bitcoin also comes under money. Money includes all types of currencies but crypto currencies aren't officiant considered to be a part of the money supply by any government. It's just that the users have assumed so and we have moved on.

Gogi134156

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according to that difinitions money is physical appearance of currency and because of nonexistent of coins or banknotes i can't say that BTC is money, but we can pay with it, so BTC is currency

Gogi134156

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what a ridicoulus question))) there is posted definition of money and it literally says us that we can touch it, we can't touch BTC, it is not money. EASY))

Gogi134156

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when we are talking about Bitcoin we say that it is cryptocurrency, so because of that i guess that BTC is currency, not money

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