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Topic: Is Bitcoin Money or Currency - page 16. (Read 5735 times)

newbie
Activity: 102
Merit: 0
May 03, 2018, 04:03:57 PM
Bitcoin is a currency that someday it would become money and sooner or later it could be legalized as our future money. That is my opinion only Smiley
member
Activity: 322
Merit: 10
May 03, 2018, 03:33:31 PM
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 currency and it was a digital currency to be specific and it was just an asset before until people get interested on investing because they believe that there's a bright future for bitcoins and now it is happening, cryptocurrency is being widely used all over the internet.
member
Activity: 196
Merit: 10
May 03, 2018, 03:23:13 PM
I think both of this.Bitcoin is a digital currency.its mainly a virtual currency.its can be converted into a currency.its value is real.Bitcoin is decentralized from money.Bitcoin is a asset.it has great future.
full member
Activity: 424
Merit: 108
May 02, 2018, 10:49:49 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?
Not an actual money but bitcoin is like a representation of money because you can buy using bitcoin and money is the thing that can be used to buy things. Unlike money, bitcoin is more flexible than money or physical money because you can use it anytime and anywhere just have an internet and a phone not like money that you really need a physical appearance of money before you could purchase an thing.
newbie
Activity: 98
Merit: 0
May 02, 2018, 10:41:51 AM
I think bitcoin is more suitable to be currency. Because bitcoin has a variety of functions and functions.
full member
Activity: 315
Merit: 100
Investing in the future development of blockchain
May 02, 2018, 10:01:12 AM
Money is unreal, meaning imaginary, intangible - a concept.

Currency is NOT money, but merely represents money.

I agree with that, basically we can express money through adding the fact tgat we can hold this physically and bring it whenever we wanted but currency occurs when that money was dependent on how the currency performs and I thibk the fact that we cannot hold Bitcoin physically we can that this is a currenxy in which digitally performs and the amount of profit that you will egt will be based upon the Exchange rate of this currency to your local money.
full member
Activity: 401
Merit: 100
May 02, 2018, 09:41:04 AM
Money is unreal, meaning imaginary, intangible - a concept.

Currency is NOT money, but merely represents money.

Any thing that can be used as a means of payment can be considerd as currency, or as we all know "money". So when bitcoin start to become a currency it is now considered as money.
copper member
Activity: 262
Merit: 1
May 02, 2018, 09:28:12 AM
Currency and money are not the same things, they just have many of the same properties.
Both money and currency share many properties: They are both units of account, a medium of accepted exchange and portable.
No currency or money has “intrinsic value”. We all give these things value or assign things value, based on our belief that we can exchange them now and in the future.
Now many people in the whole world belive in bitcoin,so bitcoin money or currency both.
newbie
Activity: 65
Merit: 0
May 02, 2018, 09:27:51 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?

the bitcoin is the best digital payment system. so, I think the bitcoin is currency, it is not real money. It is my opinion.
sr. member
Activity: 405
Merit: 251
May 02, 2018, 09:22:55 AM
It doesn’t matter if Bitcoin is money or not. What matters is its utility, not its definition. Bitcoin have two main features in common. The first is that they are not issued or regulated by any central bank or single regulatory authority. They are created in accordance with certain computer algorithms and are issued and transferred through a distributed processin, hat's why bitcoin it is special. Because fundamentally different
member
Activity: 770
Merit: 12
Trphy.io
May 02, 2018, 09:14:19 AM
Bitcoin is a digital currency that has a very fluctuating price and very profitable if we can do managerial well on every position taken, but if we can not do it is not impossible we will lose
Yes, we can take advantage of price fluctuations as a business, by trading digital currency like btc. but to achieve that goal many things we must learn in analyzing prices. i think every trader must have felt defeated, and we must make that defeat to win
member
Activity: 152
Merit: 10
May 02, 2018, 08:13:23 AM
Actually the title is not the bitcoin but the bitcoin currency, in general they are almost the same the same currency but the different bitcoin is used digitally if the common currency in use by some countries is in a form like metal and paper, if in order select choose bitcoin or paper money i prefer bitcoin in because with the bitcoin we will get the paper or metal also.
member
Activity: 322
Merit: 10
May 02, 2018, 06:59:42 AM
Bitcoin is a digital currency that has a very fluctuating price and very profitable if we can do managerial well on every position taken, but if we can not do it is not impossible we will lose
full member
Activity: 854
Merit: 103
May 02, 2018, 06:58:01 AM
I would rather agree when bitcoin is said to be a digital asset and also an investment than to say it is a money. very less suitable to be a money because bitcoin is virtual

Yes, Bitcoin is surely an asset, but I would better call it currency than the money. I guess this old video will give you some prompts: https://www.youtube.com/watch?v=VH58Ou7KnY8
member
Activity: 282
Merit: 11
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
May 02, 2018, 06:58:00 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?
My friend bitcoin is a currency because we have i a world of crypto and bitcoin is a king of all coins.But we consider also as a money after we converted bitcoin into fiat.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
May 02, 2018, 05:34:39 AM
Bitcoin is decentralized electronic money. It is something accepted as a medium of exchange or means of payment. So in my opinoin and the way I understand bitcoin it is considered as money or a currency but in an electronic form.
Bitcoin is both money and currency because in case of currency we call Bitcoin as a digital currency and are not physically exist but the digits are highly valuable in the global market of Bitcoin. On the other hand Bitcoin is money and wealth; one can invest in Bitcoin and can constitute huge assets from the profit which is the output of Bitcoin. These are in my opinion both currency and money.
Bitcoin is not a money or a currency for me, because if bitcoin is a currency and a money then we can spend it to the things that we wanted in both real life and online world but we can't because of the high or expensive fee and slow rate of speed for getting a confirmation so for me, it is just an investment or a tool that we could use in order to get some good returns.
hero member
Activity: 896
Merit: 514
May 02, 2018, 05:27:30 AM
Bitcoin is decentralized electronic money. It is something accepted as a medium of exchange or means of payment. So in my opinoin and the way I understand bitcoin it is considered as money or a currency but in an electronic form.
Bitcoin is both money and currency because in case of currency we call Bitcoin as a digital currency and are not physically exist but the digits are highly valuable in the global market of Bitcoin. On the other hand Bitcoin is money and wealth; one can invest in Bitcoin and can constitute huge assets from the profit which is the output of Bitcoin. These are in my opinion both currency and money.
newbie
Activity: 240
Merit: 0
May 02, 2018, 05:11:49 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 both a currency and money. It is a currency because it serves a medium of exchange to for goods and services. Unlike other currency, Bitcoin is a currency is not is not limited to one country or continent. Bitcoin is a currency which is acknowledge around the globe. As long as it is not banned. It is also a money because money is an asset. And bitcoin is a good asset we posses because if its high value today.
newbie
Activity: 1499
Merit: 0
May 02, 2018, 04:54:47 AM
bitcoin or eye it depends from the country where we use it,bitcoin is the value of the currency that is already stored and can not shopping directly,,should be using exchange first,,
full member
Activity: 644
Merit: 100
May 02, 2018, 04:40:56 AM
bitcoin is not money or currency, if you think so then your opinion can be considered illegal in some countries, I think bitcoin is an investaion commodity like gold and other precious metals, the price movement is also influenced by us as market players who depend on supply and demand
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