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Topic: Is Bitcoin Money or Currency - page 29. (Read 5727 times)

member
Activity: 420
Merit: 50
March 03, 2018, 07:07:38 AM
money is a material thing that we are holding or depositing in a bank. currency is the thing that we are exchanging for our own consumption. for example, you need to exchange the dollar currency into peso so that in the philippines you can have something to buy. so i guess, bitcoin is both a money and a currency. because you will exchange it later for you to have money.
Bitcoin is a currency Which we transact payment through online. It is different from fiat money because the uses of bitcoin as currency is to have a faster and easiest way in terms of payment then also it contains investment which it has a possible to grow.
newbie
Activity: 126
Merit: 0
March 03, 2018, 06:40:30 AM
money is a material thing that we are holding or depositing in a bank. currency is the thing that we are exchanging for our own consumption. for example, you need to exchange the dollar currency into peso so that in the philippines you can have something to buy. so i guess, bitcoin is both a money and a currency. because you will exchange it later for you to have money.
full member
Activity: 370
Merit: 100
March 03, 2018, 06:36:26 AM
From the definition quoted by you and even in fact, we can infer that money in form of paper and coins are commodities/items that are physical, can be touched and used for goods and services exchange, While currencies encompasses more than being touched or seen, can be electronically transferable for same purpose as money. We can hereby ascribed Bitcoin to be more of currency than money, because Bitcoin are abstract in nature, can only be felt electronically and used on line for goods and services exchange purpose simultaneously but on line within its common users only.
sr. member
Activity: 1414
Merit: 265
Pepemo.vip
March 03, 2018, 06:10:56 AM
In some sense bitcoin represents material money cause like normal money it has the value for which you can buy something.
member
Activity: 224
Merit: 10
March 03, 2018, 05:43:02 AM
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?

Bitcoin is a currency, originally created as crypto currency. If you cash out bitcoin, that will be the time that it becomes money. Bitcoin is used as an online payment or tokens before. It is also a currency that people commonly used as a payment for investments.
hero member
Activity: 2576
Merit: 582
Leading Crypto Sports Betting & Casino Platform
March 03, 2018, 04:32:00 AM
Bitcoin is capable of facilitating transactions at a low cost or can provide better risk-adjusted returns for portfolios, then it is as good as money.
The term we use for bitcoin is either crypto currency or crypto coin but the thing is it can be termed as both money as well as currency. It is a digital currency and can be used in order to buy different sort of things or to pay the bills at different places too. However, you can also cash out your bitcoins by selling your coins and then getting paper money in return in order to meet all your needs.
newbie
Activity: 308
Merit: 0
March 02, 2018, 07:28:21 AM
In my opinion, Bitcoin is a digital currency. But Bitcoin will not be the money. Bitcoin can be transformed into virtual money from the virtual world. Bitcoin will be used instead of money in future.
full member
Activity: 854
Merit: 108
March 02, 2018, 06:36:04 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 a currency power up by the money or fiat so therefore without money or fiat then Bitcoin will never exist as it will always rely on money but the money without Bitcoin currency is still a money. Therefore for me, Bitcoin is a currency that just for investments only so that we could possibly earn a lot of money for our future spending.
member
Activity: 252
Merit: 10
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
March 02, 2018, 06:17:42 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 that two words best described bitcoin, It is a Cryptocurrency where we can gain money. If bitcoin pops up in our mind, we think that it is one of the best way to gain profit.
sr. member
Activity: 696
Merit: 258
March 02, 2018, 12:48:08 AM
Bitcoin is obviously currency and money as well, the two things happen as per the requirement of the individual.

Bitcoin as money - You can store, invest and transact for purchasing with Bitcoin, obviously it is considered as money.

Bitcoin as currency - You could transfer your Bitcoin to any currency through exchanges since across the border is possible, obviously it is considered as currency as well.
sr. member
Activity: 385
Merit: 266
March 02, 2018, 12:11:00 AM
Money is unreal, meaning imaginary, intangible - a concept.

Currency is NOT money, but merely represents money.

So, bitcoin is... ?
LoL. Let's say that Bitcoin is a global currency or a monetary system of some sorts working on a global scale. It is not like a singular currency. Rather it can be converted into national currencies. This makes it an effective way of payment during holidays. It can easily be converted into the local currency.
newbie
Activity: 71
Merit: 0
March 02, 2018, 12:02:18 AM
bitcoin money they many way to earn same to currency. Roll Eyes
sr. member
Activity: 588
Merit: 251
HELENA
March 01, 2018, 11:57:48 PM
Bitcoin is a digital currency and will be able to convert into fiat or money. Bitcoin is money and a currency too.  When we talk about bitcoin  we always think that it is an asset that can be converted into cash.
legendary
Activity: 1302
Merit: 1002
March 01, 2018, 11:40:45 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?

all depends what is your own definition for me money can not be destroyed while currency can be and was over time .
BTC is money becouse it holds its value overtime and you don't lose purchacing power holding it on average.
Wtih currency you are in ass becouse of inflation : )
member
Activity: 140
Merit: 12
March 01, 2018, 11:28:35 PM
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. A universal kind of money or currency but it's depend on a country that will adopt will bitcoin. Because some countries banned bitcoin. So thats why both.
jr. member
Activity: 228
Merit: 1
March 01, 2018, 11:12:35 PM
indeed bitcoin has many functions other than bitcoin business assets can be used for payment transactions but the function can't be utilized by all bitcoin users due to regulatory factors applicable in each different country, as in my country bitcoin function is not as a means of payment but as an asset business such as investment and trading.
sr. member
Activity: 854
Merit: 251
March 01, 2018, 10:48:39 PM
If I judge bitcoin is not money because it is a btc tool for investment today. to be bitcoin money still not meet the terms of these conditions. so it still can not be said that it's money
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
March 01, 2018, 10:40:33 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?

Bitcoin is definitely a currency, that’s why it is categorised as an online currency in the first place, or cryptocurrency, either way it functions as a currency that is so volatile. Although, people only confuse it as money because it also functions as money when we use it for transactions or for payments.
jr. member
Activity: 294
Merit: 1
March 01, 2018, 10:34:03 PM
According to my idea, Bitcoin is a currency. But in the future, Bitcoin will be considered as money.
jr. member
Activity: 329
Merit: 3
March 01, 2018, 09:44:53 PM
It is both, it doesn't have to be a currency for one country. That is what is unique and beautiful about Bitcoin, is that it is transnational and it has zero borders. However right now it functions more as a store of value, than currency or money.


Well, it could be both depends on how you determined or used bitcoin as the digital aspect. Likewise you are limited to make a move whenever you do in your coin. The best is thing is you earned from this kind of work having popular world wide and talks about by many people about the digital currency today.
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