Is Bitcoin Money or Currency - page 19.

rejekitiban

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Quote from: magic ice on April 08, 2015, 08:31:11 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 currency, it is digital payment system. it is not real money.

NotAtOld

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Because of excessive price fluctuations, Bitcoin is a commodity that facilitate to send and receive value very fastly and secure. In the near future, i believe it will transact like all local fiat currencies to buy goods.

catcoin524

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It is both, it doesn't have to be a currency for one country.
That is what is unique about Bitcoin, is that it is transnational and it has no borders right now it functions more as a store of value than currency or money.

Cutieh01

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Quote from: perfryan on April 29, 2018, 04:38:31 AM

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

For me is the same.bitcoin is the regulation of money supply and the blockchain concept
Was pioneered within the context of cryptocurrency.bitcoin otherways for distributed ledger
The technology that streamline the world.stock exchanges and bigbanks.

Bitcoin has a properties both of money and of a commodity. Bitcoin has the same properties that we can observe in traditional money.

perfryan

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

For me is the same.bitcoin is the regulation of money supply and the blockchain concept
Was pioneered within the context of cryptocurrency.bitcoin otherways for distributed ledger
The technology that streamline the world.stock exchanges and bigbanks.

Pejoh Asu

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I prefer to make bitcoin as currency, this is because with bitcoin then all the functions of the currency we can do such as transactions and so on. I hope someday many countries that legalize bitcoin so that the future of the transaction gets better.

sirminesalot

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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

Roadarks02

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Quote from: arifteguhr on April 29, 2018, 01:27:38 AM

Bitcoin is neither money nor currency. because bitcoin is now included in digital assets that can make people invest here they can turn their money profit profit

Bitcoin is using as money if your paying for things but if you see it as store values that can beat inflation you see it as an asset class similar to gold. But some users of Bitcoin define it as a currency, but there is the matter of wether Bitcoin is money or a currency or both.

arifteguhr

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Bitcoin is neither money nor currency. because bitcoin is now included in digital assets that can make people invest here they can turn their money profit profit

surgical_duude

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Quote from: magic ice on April 08, 2015, 08:31:11 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 "digital currency". Bitcoin is not money because you can buy everything by money. But you can't buy a hambuger, a chicken from McDonald, KFC by bitcoin. Bank can not print "bitcoin". So Bitcoin is definitely not the money I think Bitcoin is similar to stock. Because its price can rise and go down, it don't have fixed price.

Panchum

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

For me bitcoin is a digital money and a currency. Which is easy to used in any ways of paying bills and others. You can transact easily if you want. That's the advantage of bitcoin now.

Coinky

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I my country bitcoin is legally termed as commodity .It is neither currency nor Asset

bohr

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

Most of the time people use those words interchangeably, so there is no point to try to define if bitcoin is one or the other, if you take the time to look at all the characteristics of bitcoin you will see that satoshi made a great effort to make of bitcoin a currency or money whatever you want to call it, some people think it is an asset and nothing more but they are wrong.

Snappycoco

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Quote from: magic ice on April 08, 2015, 08:31:11 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 guess. It is a money where it can be spent for online purposes with the help of apps converting bitcoin into their currency. A currency because there are too many people using it, it might be not only a country but whole world us using it.

charlystriker

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For me, bitcoin is a digital currency. That is used online for many purposes. It can used in many transaction like paying your bills.
It also used to exchange currency by other currency. But it's transaction are unknown because of its decentralized currency. Also for me bitcoin is a good investment because it's price are still rising in the market.

cloudproject

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bitcoin is a currency not money because bitcoin don't have any real object to doing in trading but a digital asset of it and that was system and thats the way bitcoin are being a currency

sonic22

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Neither of those two as it doesn't fall under any of these definitions. It is a decentralized digital asset.

Mapalast

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

it is obviouly clear that bitcoin is a kind of currency that can be used for some transactions or exchange just like what money function is
but the definition you mentioned is unrelevant. although the cyptocurrency is bitcoin doesn't mean that the real form of it is coin

Nylelyn

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For me bitcoin is a currency but in a digital form, it is not yet issued by the government and banks but it has a purchasing power for goods and services. It can be exchange into a fiat money. Its unique quality is the reason why people are amazed with bitcoin and as a result demand for bitcoin is increasing in volume.

schatzi

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For me bitcoin is the best money like if we use to its nature it is really secure and safe for the bitcoin users and bitcoin era is coming then every one will use this currency the salaries will be paid by organization in the form of bitcoin and crypto So i would like to save my crypto for now and it is good to invest in these currencies so may this will provide me a profit in the future.

Topic: Is Bitcoin Money or Currency - page 19. (Read 5735 times)