Topic: Is Bitcoin Money or Currency - page 3. (Read 5727 times)
In my opinion, bitcoin is money and currency. You can use bitcoin to buy, and this is classified as cryptocurrency, so I think bitcoin is currency and money. I think the question here should be, when the world fully accepted that bitcoin is the currency and you can use it to buy something because bitcoin is as good as money.
if I think it depends on the need, if I have to use bitcoin, yes I use bitcoin because it makes it easier for us to transact over long distances. if in my own country I use paper money, because that is the need to transact. we should be able to position where we are, not because we have a lot of bitcoin, we always pay with bitcoin. use bitcoin as necessary and where we can use it.
because for now, bitcoin is not much in the know. I will keep using both of them for now.
because for now, bitcoin is not much in the know. I will keep using both of them for now.
I think there is no difference between the two because its use to any transaction we've use to do so bitcoin is money and a currency that use to buy a thing and useful to us so there's no interval with it.
For me bitcoin is a digital currency that can be converted into USD prior to be able to exchange into real fiat. So generally bitcoin can be treated both, money and digital currency because it can be used to pay any online transaction directly in our country and to any other countries.
in my opinion, bitcoin is a digital currency because bitcoin is a financial system that can be used as a substitute for conventional money but bitcoin has no physical form but only a digital money system that we can use for digital payments.
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 coins that became online currency and it became real money. More people now used bitcoin in online to buy, or paying bills. Because bitcoin is very useful and easy to used. Thats why more people now are continue using bitcoin.- 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 only digital curency not money
bitcoin not same fiat money
bitcoin not same fiat money
I think in the future, humanity, at least will interact with the crypto currency or in general replace fiat money (dollar, ruble, euro, yuan, etc.)
Now we are creating an infrastructure for a more massive user, and we are participating in its creation.
It's like the creation of the Internet in early 2000, he too was initially decentralized and who believed in it well earned.
Now we are creating an infrastructure for a more massive user, and we are participating in its creation.
It's like the creation of the Internet in early 2000, he too was initially decentralized and who believed in it well earned.
I think there is no difference between the two because its use to any transaction we've use to do so bitcoin is money and a currency that use to buy a thing and useful to us so there's no interval with it.
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 coins that became online currency and it became real money. More people now used bitcoin in online to buy, or paying bills. Because bitcoin is very useful and easy to used. Thats why more people now are continue using bitcoin. - 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?
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?
Based on the given description I would say that bitcoin belongs to currency . We couldn't say that it belongs in money because the main characteristic of money is being tangible so we can easily say that it is a currency , a digital currency to be precise and bitcoin is not yet regulated by any country or government so it is not considerable as money.
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?
I think both, because bitcoin is crypto currency. It is also payment system.
all countries have their own currencies be it dollars, euros, dollars and others, but if this bitcoin is a digital currency whose status is still not official in all countries, this bitcoin may someday be lost or progressed, so I prefer currencymy country even though bitcoin value is high
Well technically, I think bitcoin is a currency. As mentioned at the description above, money is a medium of exchange in FORM OF COINS OR BANK NOTE. Obviously, bitcoin is not any of the two unless you converted it to fiat by withdrawing your bitcoin. There are a lot of speculations about bitcoin being money or currency but only Satoshi Nakamoto has the right to say what it really is. Bitcoin is an electronic cash completely decentralized with no server or central authority.
Commonly used in some countries is paper currency because paper currency is better known by the public and has been very long in use but this bitcoin only a few years ago was introduced in Japan by a young man who had the pseudonym of Satoshi Nakamoto but still many countries are banning the circulation of these bitcoins.
Bitcoin is a form of currency though not really money. Money refers to a physical kind of mode of payment and we know that bitcoin is more of virtual.
Gold also has seen plenty of bubbles and market manipulation. It has been as high as $1900 USD or as low as under one thousand dollars over the last few years. Bitcoin certainly didn’t invent market bubbles and manipulation. Gold has been seen as money for thousands of years. The only real problem is making it divisible. It is somewhat difficult to mine and create coins and use them in the general exchange of goods and services. One nugget of gold is not worth the same as another nugget of Gold. You can make them all divisible and fungible, but it takes a government or a private company to do that. Gold is generally not circulated as money but held for overall investment value, and it has value as a useful metal in industrial capacities.
In my opinion, Bitcoin means both.
During this time, Bitcoin is used as a medium of exchange and is a money system used to perform transactions such as purchases, sales, and investments.
Bitcoin is a digital currency that is intangible but has a very high price value.
During this time, Bitcoin is used as a medium of exchange and is a money system used to perform transactions such as purchases, sales, and investments.
Bitcoin is a digital currency that is intangible but has a very high price value.
If I may ask, what is the difference between money and currency?. But to me, I think that bitcoin is more powerful than even a currency or money. The untapped resources that are yet to be discovered by the world. Bitcoin is really very powerful. Bitcoin will change the story of many nations and make them economically more stable. All the countries have to do is to legalize bitcoin.
As i understand about bitcoin, it is an intangible coin/currency that is used for online payment for goods and services with a very fast transaction speed. The receiving party will of course receive bitcoin too that is that can be traded into a form of fiat/money which is the tangible one.
I think his statement says everything
"Announcing the first release of Bitcoin, a new electronic cash
system that uses a peer-to-peer network to prevent double-spending.
It's completely decentralized with no server or central authority." Satoshi Nakamoto
"Announcing the first release of Bitcoin, a new electronic cash
system that uses a peer-to-peer network to prevent double-spending.
It's completely decentralized with no server or central authority." Satoshi Nakamoto
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