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Topic: Is Bitcoin Money or Currency - page 24. (Read 5735 times)

hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
March 14, 2018, 11:35:18 PM
From my point of view money means you could spend the value to buy something and then currency have the value too but it couldn't spend in anywhere like money. But some of us see bitcoin as an electronic money because it receive by the shop or seller. But anyway money or currency it just from the point of view.
There is not much difference in between money and currency and that you can term bitcoin anything which you want. It is because of the reason that this will hardly make any difference as you will then be able to make some very good amount of earning as well as you will be able to make use of bitcoin to get the things which you want to have in your life by using your bitcoin then. I think you can call it both money as well as currency.
I agree that there is no difference between the term of money and a currency because a currency is a money and a money is a currency, they are both spendable and you can have a money and you can call it as a currency too. Bitcoin is just an asset and it is not a currency or money because it is not going to be spendable unless there is a lot of markets that will adopt bitcoin.
newbie
Activity: 28
Merit: 0
March 14, 2018, 10:51:11 PM
There are high chances of Bitcoins to be turned into the currency.
legendary
Activity: 1302
Merit: 1037
March 14, 2018, 12:15:45 AM
From my point of view money means you could spend the value to buy something and then currency have the value too but it couldn't spend in anywhere like money. But some of us see bitcoin as an electronic money because it receive by the shop or seller. But anyway money or currency it just from the point of view.
There is not much difference in between money and currency and that you can term bitcoin anything which you want. It is because of the reason that this will hardly make any difference as you will then be able to make some very good amount of earning as well as you will be able to make use of bitcoin to get the things which you want to have in your life by using your bitcoin then. I think you can call it both money as well as currency.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
March 13, 2018, 05:56:05 AM
There's no difference between money and currency.

Bitcoin may be the best form of money we have ever used. Bitcoin has been adopted as currency.
But now it's different, bitcoin is now adopted as investment not a money nor currency and also a store value.
jr. member
Activity: 280
Merit: 2
March 13, 2018, 05:48:47 AM
Money most of the time in this generation has been governed by a centralized power, Bitcoin is the decentralized form of money we have, which is more convenient and easy to remit, To answer your question it is both currency and money.
As for me, I will go with your idea. Bitcoin is both currency and money. The only thing is we cannot have it as a tangible thing. But it serves the same purpose as with money. It is also a currency since it is a system of money also. Only it is not used by a certain country. But it is widely used in this community.

hero member
Activity: 1134
Merit: 515
March 13, 2018, 05:19:09 AM
Uuhm… 😳😕I would say that Bitcoin is not money and not even currency, though we do call it crypto-currency, but there are still difference. Originally, I might just call it money, same as every other things that can be used in buying and selling, example gold and silver.

But some people will tell you that Bitcoin is not money, even from the definition of money you can tell that – a current medium in the form of coins or banknotes. That definition didn’t mention gold, silver and the rest of them,cause they are all stocks.
jr. member
Activity: 224
Merit: 1
March 12, 2018, 08:09:11 PM
Bitcoin may be the best form of money we have ever used. Bitcoin has been adopted as currency.
hero member
Activity: 1400
Merit: 536
March 12, 2018, 06:39:05 PM
Maybe Bitcoin is what you want it to be. Different people see Bitcoin differently depending on how they 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.The bottom line is wether bitcoin is money or currency the important is we need bitcoin in our life.
We have to constantly run the money to protect our money against inflation, so if we use Bitcoin when we get Bitcoin, we will not make any effort against inflation. So Bitcoin can lose value in the market.
newbie
Activity: 26
Merit: 0
March 12, 2018, 04:59:01 PM
Bitcoin is just money that you can use for trading and gambling.
newbie
Activity: 28
Merit: 0
March 12, 2018, 12:19:51 PM
I am very new to bitcoin so even I am wondering whether it is a currency or some money.
full member
Activity: 401
Merit: 100
March 12, 2018, 05:40:18 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 both, it is a currency because if changes value every time, it has a value on every currency in the world, it has a different value on different currencies in every nation, but it is also a money because you can spend it like cash, you can pay bills with it and you can invest and save money by it.
newbie
Activity: 217
Merit: 0
March 12, 2018, 03:58:58 AM
The bitcoin is an electronic asset and due to its wide popularity become a  good transaction media. It is the first crypt o currency
established in the year 2009.The importants of bitcoin is increasing day by day due to its popularity among the business community
world wide . By choosing bitcoin as the media of transaction it will save the processing time and money. Bitcoins growth rate is unpredictably high so there is possibilities to become the bitcoin money.
full member
Activity: 313
Merit: 100
March 12, 2018, 03:15:49 AM
it's hafl of money and half of currency
It was a currency at time of its development and invented as money by inventors. But later on, people made it an asset. It is now more likely to be an asset than money or currency. So few people would be threw who treat it like a payment method, money. Maximum are saving them, investing and trading in bitcoins so that maximum profits can be earned. And this makes bitcoins an asset.
member
Activity: 127
Merit: 10
Global Risk Exchange - gref.io
March 12, 2018, 01:54:38 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 form of currency to become money. Even its virtual money so you cant hold it. But you can spend online and used for trading.
member
Activity: 144
Merit: 10
March 12, 2018, 01:00:05 AM
at the moment btc is not either a currency nor a money because it is used and treated as an asset where operates as a gold of crypto market and every alts price is backed by it.
I agree on what you said about Bitcoin being used and/or treated like an asset. However, as of the moment, Bitcoin could not be considered to be money, but a currency for the reason that it is used as a mode of payment in different platforms. It circulates as a medium of exchange.
full member
Activity: 210
Merit: 100
March 12, 2018, 12:58:08 AM
Maybe Bitcoin is what you want it to be. Different people see Bitcoin differently depending on how they 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.The bottom line is wether bitcoin is money or currency the important is we need bitcoin in our life.
member
Activity: 266
Merit: 16
March 11, 2018, 11:53:44 PM
For me both. Money is the universal name of a money or so called currency while currency has specific name of money in their county.
Bitcoin has no permanent address if what country it goes belong so it could be called currency or money

Money has a value
Currency has a value
Bitcoin has a value
=both!
member
Activity: 238
Merit: 10
“The Future of Security Tokens”
March 11, 2018, 09:57:28 PM
From my point of view money means you could spend the value to buy something and then currency have the value too but it couldn't spend in anywhere like money. But some of us see bitcoin as an electronic money because it receive by the shop or seller. But anyway money or currency it just from the point of view.
jr. member
Activity: 309
Merit: 5
March 11, 2018, 09:08:29 PM
neither because of the high transaction fee, I believe it will be a hindrance for BTC to become currency/money.it be can consider as a commodity or an asset that can be traded because of the demand on it
full member
Activity: 238
Merit: 101
March 11, 2018, 08:42:28 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?
For me bitcoin is currency, most potential currency because even you dont hold it physically but its high value and easy to used even in online shop, paying bills. So bitcoin is currency amd it became money...
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