Topic: Is Bitcoin Money or Currency - page 21. (Read 5727 times)

A money is a universal name of any country it is could money while currency is an specific name money name. Then your question is bitcoin money or curreny. For me it is both. Bitcoin is a degital currency or money that can't be seen or touch is real. But it is kind of money or currency. You can separate money and currency because they slitely mean the same thing.

Something that can be called a currency I think is those who have been recognized and certified by the related state, so far bitcoin still can not be labeled as a legitimate currency because there are still many countries that can not accept the existence of bitcoin. So with bitcoin right now I feel it's good enough to still be used on the internet well despite the many rules that have been given to it.

Money and currency at the same time. Bitcoin can be used in a form of money since it can be used to pay bills and also can be convertible to fiat. Currency varies in different countries but bitcoin is a cryptocurrency whichever part of the world you are although each country it has different effect and value as well.

I think bitcoin deserves to be called money. because all countries can use it, because if it's a currency, then it will certainly be different for each country.

I think it's both, you can say it a digital money or payment currency. bitcoin is crypto currency, I think it's the future currency.

As national fiat currencies slowly, but surely, fall by the wayside, or get outright replaced by digital currencies, its time to review the advantages of using Bitcoin as money going forward.
Currency and money are not the same things, they just have many of the same properties. The textbook definition in your dictionary may even give credence to money being “stamped by public authority”. That’s interesting, given the fact that before there were governments creating paper currency people did exchange beads for feathers, or milk for eggs. There was barter, as currency, and Gold was real money for its ability to hold value since the dawn of time.
Currency is man-made to remove Gold as an independent, natural medium of exchange, to great effect. It takes power from the people and passes it to government in the form of “currency”. Money pre-dates government-created currency throughout the history of man, and their central banking system. If man only existed in the last three hundred years, currency as money would be fairly accurate, but overall, given definitions are incomplete. Knowing the difference between currency and money is important to your future, as the global economy becomes more and more unstable under a mountain of fiat-induced debt.
Money and currency are similar, but not the same
Both money and currency share many properties: They are both units of account (are numbered in value), a medium of accepted exchange and portable. They are both divisible (into smaller units of measure), durable (won’t physically turn to dust after a couple of days) and fungible (the value of the unit is the same for you as it is for me; has similar value here or there). What makes money different is it is also a store of value, meaning it will hold value, or grow, over a long period. Can you put it in a bank, safe deposit box, or under a mattress, save it, and it will retain its monetary value over time? Some currencies are better monies than others.

Bitcoin is a currency so that's why people called it Cryptocurrecy because it is the MONEY in the INTERNET which has a value. Currency is the rotation of money like silver and gold and Bitcoin as well it has a limited supply which represents currency.

Bitcoin is a digital currency and yes you can say it is a digital money because it's use in worldwide and everyone can easily get it's benefits, so that's why I would say that bitcoin is a digital currency or money.

I think it's both. I treat it just like a normal money and a coin, where I can get profit from holding, trading. It's great!

According to my opinion, bitcoin is the most reliable crypto currency. BitCoin as a currency is a real investment instrument. , which means that if the money is real it is just a digital currency that requires internet access and we can use it for direct investment.

Different people see Bitcoin differently. Depends what is your interest in Bitcoin and what are you looking to achieve. How you utilise the cryptocurrency. If you are paying for things in Bitcoin, you are using it as money. If you see it as a store of value that can beat inflation, you probably see it as an asset class similar to gold and so on. Simply, Bitcoin is a completely digital currency that is independent of any banks or governments, using its own decentralized technology for securing payments and storing money.

Bitcoin is a crypto currency. This is the most popular in all currency. People much prefer bitcoin than other coin. In my own opinion, Bitcoin is currency that can be converted into real money.

I think that the whole problem is not of value, since still offer the capabilities of even credit card holders with Bitcoin. So why not make paper Bitcoin ?

I think its both. Money and currency. Because bitcoin can use to pay some bills now. They are accepting bitcoin to invest. That means bitcoin is money and also currency but because of its high value they are not able to print of it to become money.

Bitcoin is money and currency what ever you think. It's a digital asset.

The notion of money and the concept of currency was created with reference to those real circumstances that existed before the emergence of the crypto currency. Crypto currency is much changing these concepts and they are already becoming obsolete. Therefore, it makes no sense now to discuss the outdated concepts of money and currency. When the states finish the process of legalization of the crypto currency, then they will have to reconsider the definition of money and currency, however, depending on whether they recognize the crypto currency or money or not. If the crypto currency acts as a means of payment, it is money, no matter whoever says it. The definition of the currency is now different, the political economy textbooks have previously indicated that not all money is a currency, but only those that are used by states for international financial settlements.

It's a scarce digital asset / commodity that can be used as a medium of exchange / storage of value that has all the properties of real money like scarcity, durability, fungibility, divisibility, portability etc.

maybe bitcoin can be categorized as money. in the end bitcoin will be converted into fiat, where fiat is also money. bitcoin has no intrinsic value, but its function is what has cost, and bitcoin is measured by dollar, and dollar is measured by gold. well, as far as I know.

Bitcoin is a currency as of today because there are already a huge online store companies who are allowing a cryptocurrency as a payment method on their business so there is no doubt that we should call bitcoins as a currency and not an asset.

In my opinion it's both.The rule of doing it's like a currency, then at the end of the work there is a money.Though money isn't available,it has to be converted.