Bitcoin right now is a store of value mostly. It is also a method os sending money andametod of payment, but the high fees limit its use in this way.
I think in general, cryptocurrencies aren’t really money or currency. They are more like a way to hold money or make transactions with money. Maybe in a he future, Bitcoin will become a currency but by itself right now, I don’t think it would fit that definition.
Topic: Is Bitcoin Money or Currency - page 25. (Read 5735 times)
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.
In my opinion, BTC is a transferable asset. Most of the govts. haven't declared legal status of BTC. Some people consider it as a currency and take it as a payment mode. While other take it an asset, consider its speculative value in long run. And I consider it a Transferable asset.
Currency is more like generally accepted by the indigenous people and the public, international bodies also accepts it as the currency of the country. From the other view, it is better said that it is money because it is use of payment.
Bitcoin is a digital currency. Its use for P2P transition. If you use bitcoin you must have internet connection. Or money is not for P2P transition. So bitcoin is not money.
It is not possible to use Bitcoins in every part of the world.
Taking in consideration the internet facility throughout the world, we can give this statement of not being able to use bitcoin around the globe. Bitcoin is dependent on internet connection for dealing with it the way you want. There are many states which are underdeveloped and there is no concept of internet at all even in this century when a kid of 3 years old in developed states knows how to power on laptop and watch cartoons. mon·ey (noun)
- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
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cur·ren·cy read as ˈkərənsē (noun)
-a system of money in general use in a particular country.
So, is bitcoin money or currency?
- 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?
Yes, bitcoin is the digital currency who represents the money! like if you wanna make payment in online you have to send money to the author.but how you make a payment? though you have cash in hand. so you need an online currency who presents money. so exactly bitcoin like that!
I believe bitcoin was made just to replace transaction involving money but bitcoin was labeled as a currency, but if you look deeper on the definition of a currency it is backed up by an asset which bitcoin lacks. I believe bitcoin is just another asset/securities that could be used for transactions.
Of course Bitcoin is a digital coin. It is different from all the other coins. The price is the highest. The price of the front will increase further.
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?
- 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 opinion bitcoin is both a money and a currency. Because we use bitcoin as a payment in online transactions and in real world to buy goods and stuff. And it's a currency because bitcoin is one of the system of money that we use in the digital world.
It is best to use all, because between cash and cripto currency there have some differences between the use of these types of money.
This is why I suggest that both are used for the purposes of our current financial development.
At this time we use cash as a means of exchange to get an item that we will buy, and as cash that we can use in our own country can also we exchange other countries if we are outside the country.
Bitcoin or other cripto money, we use as an alternative tool for the development of high value cripto money but can not be used directly to buy and send money coin digital type.
This is why I suggest that both are used for the purposes of our current financial development.
At this time we use cash as a means of exchange to get an item that we will buy, and as cash that we can use in our own country can also we exchange other countries if we are outside the country.
Bitcoin or other cripto money, we use as an alternative tool for the development of high value cripto money but can not be used directly to buy and send money coin digital type.
Bitcoin is somewhat we called as a money and a currency. When we say currency it is a specific money used in a country so bitcoin both called as money and currency. It is our way to buy our wants and needs personally.
it's hafl of money and half of currency
It is best to use all, because between cash and cripto currency there have some differences between the use of these types of money.
This is why I suggest that both are used for the purposes of our current financial development.
At this time we use cash as a means of exchange to get an item that we will buy, and as cash that we can use in our own country can also we exchange other countries if we are outside the country.
Bitcoin or other cripto money, we use as an alternative tool for the development of high value cripto money but can not be used directly to buy and send money coin digital type.
This is why I suggest that both are used for the purposes of our current financial development.
At this time we use cash as a means of exchange to get an item that we will buy, and as cash that we can use in our own country can also we exchange other countries if we are outside the country.
Bitcoin or other cripto money, we use as an alternative tool for the development of high value cripto money but can not be used directly to buy and send money coin digital type.
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?
- 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 opinion bitcoin can be said of the currency because if it is said money seems bitcoin not suitable to say money because if money should bitcoin has a very large availability and is used throughout the country.
Money is unreal, meaning imaginary, intangible - a concept.
Currency is NOT money, but merely represents money.
For me bitcoin is both currency and money which the value is always increase and if you want to convert into money you can do anytime.This is what bitcoin can really defined how important to our society. Currency is NOT money, but merely represents money.
Bitcoin is a type of currency designed digitally and encrypted for verification of transactions of assets, and to control creation of currency; the name given to this type of currency is cryptocurrency.
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?
- 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 a digital currency and money that can be used to purchase in a store or even thru online store. Bitcoin is alternative to cash in a digital form wherein many merchants accepts Bitcoin as mode of payment. Bitcoin was created to avoid fees thay has beed deducted if you use credit card when purchasing some stuff. Bitcoin is our future money or currency so we better to buy now and use it to make our live better and easier.
Since its only money therefore it is not accepted everywhere.
You have badly underestimated not only the power of bitcoin but also its uses. It is not merely a money, it is all in one i.e. a money, a currency and an investment. This is why it is popular all over the world and people are using it the way they want. Some are using it for making big international transactions while others are using it for long term investments. This currency or you can say technology has something for everyone. Since its only money therefore it is not accepted everywhere.
You have badly underestimated not only the power of bitcoin but also its uses. It is not merely a money, it is all in one i.e. a money, a currency and an investment. This is why it is popular all over the world and people are using it the way they want. Some are using it for making big international transactions while others are using it for long term investments. This currency or you can say technology has something for everyone.
It’s plain money and that’s it, It won’t be converted into currency.
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