Is Bitcoin Money or Currency - page 20.

terbetet

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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?

For me, if I will be critically understand the meaning you have given, it can act as both. Bitcoin in terms of money is an exchange wherein it is a crypto coin but the matter is it is a digital coin that is a medium itself collectively. In terms of a currency, Bitcoin was a currency that is to be specific, a cryptocurrency because it is a money system that was already been widely used not just in a particular country but rather around the world and considerably coined as an international digital currency. So for me, Bitcoin was considerably a money and at the same time, a currency.

welliamy

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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 mostly about anonymous transactions,digital currency doing on an anonymous basis
Digital currency is now a misnomer for bitcoin it can be used as currency
But it can be used for many things like money
Cryptocurrencies are referred to as "DIGITAL MONEY".

Surge_Dev

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Bitcoin is not money in the classical sense.From the classical properties of money: absolute liquidity, the ability to measure the value of goods and the preservation of value-it is only a stretch to the first, it can be a good tool for speculative investment, but it is not a tool for reliable calculations, savings or equivalent cost.

Ryanpogi

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The same .. because of cryptocurrency we have real money .. so much of our thanks because bitco comes as bitcoin ..

nightfury

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Bitcoin is a digital currency in its form (binary form) so you can trade bitcoin into other alts from an exchange because you are going to do that as binary form. On the other hand, it can also be called as money the moment you exchange your cryptos to fiat.

Williams_Leo

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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?

To choose the currencies to invest in the current money nasty I decide to spend in the virtual currency. Many people believe that Bitcoin is unlikely to maintain its status in the future, but this is not true because the money is always reliable.

tylerderden

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Quote from: Lwtelencio on April 28, 2018, 04:17:20 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?

bitcoin is money and same as currency bitcoin is a cryptocurrency and use for world wide as a digital money.

Bitcoin is electronic money only which is decentralised.Bitcoin is used as a mode of transaction only.People use bitcoin for their day to day activities.They hold their some bitcoins and spend the rest of it.People use bitcoin in order to earn money in a shorter duration of time.Bitcoin cannot be called as a currency.It is not accepted internationally and is even banned in some nations.It is used by a small percentage of people only.

dolagani

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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.

Morkhart

newbie

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I believe that money and also currency bitcoin cannot b spend anywhere but it can be converted into money of any country. Currency and money can be touched but bitcoin cannot b touched.

tinystone26

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Unleash the Power of the World's Crypto Data

Yes for it is a bitcoin money and currency because it has a value it can use as a payment on any online transaction to pay our bills etc. That's it is not a problem to me to think what type of thing is bitcoin for me.

Lwtelencio

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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 money and same as currency bitcoin is a cryptocurrency and use for world wide as a digital money.

shalaza

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Bitcoin is currency

Ronyx

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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 can be called for bitcoin, bitcoin can exceed it and bitcoin can also be called an asset, which longer hold bitcoin will produce more profit.

Daniel91

legendary

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In my country, Croatia, bitcoin is not money or currency.
Bitcoin is not financial asset as well.
It's according to the official statement of the Croatian central bank.
Just recently tax office gave guidance how to report income from bitcoin, once when we echange funds to flat money.

pluMmet

sr. member

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Quote from: Cairo18 on April 23, 2018, 08:46:00 AM

Quote from: ?? on ??

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?

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.

For me I think bitcoin and currency are the same cause bitcoin gathers more points to convert as money while currency is also points to have but it is a real money to pay with out any converting.

I have the same that bitcoin and the money was the same just sometimes people look of digital and not her alone, but bitcoin also is the money in the form of digital is not a real that we can hold physically

Cairo18

newbie

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Quote from: ?? on ??

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?

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.

For me I think bitcoin and currency are the same cause bitcoin gathers more points to convert as money while currency is also points to have but it is a real money to pay with out any converting.

EdenHazard

legendary

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Merit: 1048

Money is a tool
Currency is the character of money

If you ask bitcoin money or currency? I'll answer bitcoin is money and bitcoin is currency (not limited in certain countries only) the definition of currency you create should be updated with the presence of bitcoin. Technological developments have had a positive impact on humans. Bitcoin is a product of technology that has high characteristics.

Cryptocurrency is a virtual currency, the use of virtual currency increased in 2015 ago. People generally only use physical money as a means of transactions but with the new innovation technology emerging and virtual currency will be the most important part of humanity in the future. I'm sure the definition of the currency you write is made before the presence of virtual currency so they only limit the currency to a country only.

linshisui38

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The universal definition of money is the medium of exchange accepted by the masses. In this definition, bitcoin is already a currency as long as a group of people accept bitcoin as a medium of exchange.

naily

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Quote from: novhitadaloma on January 13, 2018, 11:39:21 AM

Bitcoin is a virtual currency that can be used to transact online. If asked how this form of currency, which is obviously not like the form of physical currency issued by the bank and not the currency of a country.

Only bitcoins have value but will always be crypto currency. I think currently only falls on both sides as it has some things from normal money like payment methods

EnricoGomez

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Bitcoin can be both.
Bitcoin is cryptocurrency which literally means digital money, you can exchange fiat for it and vice versa. It also has a value, so it is money - also to the fact that you can cash it out for fiat which is to most of the society, more acceptable.

Topic: Is Bitcoin Money or Currency - page 20. (Read 5727 times)