Topic: Is Bitcoin Money or Currency - page 30. (Read 5727 times)
full member
Activity: 252
Merit: 104
Decentralized Ecosystem for User-Generated Content
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.
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 refers to two things Btc is a payment network similar to mastercard or paypal and bitcoins (the currency)are the medium of exchange on the btc payment network .Btc is a global currency which is traded person to person without any need for a bank in the middle - 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 money that is not physical, but bitcoin money can meet all our needs by way of exchange bitcoin money into fiat money can be used. Because digital money can not be used as a valid exchange tool in my country. The legal currency is money. Can be directly in use. Bitcoin can only be used to certain fellow commodities only
Bitcoin is a digital money or currency. Bitcoin cannot be use offline but it can be exchange for a paper money so that it can be use anytime anywhere.
I agree with you that Bitcoin is a digital currency, which is as a result of Blockchain Technology. Bitcoin is both Money and Currency.The acceptance of bitcoin for purchase in some countries as well as buying from shops and supermarket allows its use as a Money. Bitcoin is a digital currency where many people all over the world, especially countries where Bitcoin is accepted, uses Bitcoin for on line Transactions.The Digital currency is globally acknowledged, hence its great effect in the use for Transactions and other form of payments. Bitcoin is actually a Money and a Currency.
Bitcoin is a Crypto Currency, and is a Digital Currency which is used all over the world especially as a means of payment on line and also it is daily use for many other transactions by many people. Bitcoin is actually Money as well as a Currency. The power of a legal tender is to be generally accepted by all the citizen and use for the purpose of purchase, exchange, investments .... etc. Bitcoin have actually serve the purpose of money,in those countries where bitcoin is accepted, it is use as money to buy and others. The Digital Technology enhances its being use a digital Currency.
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.
No doubt bitcoin is like money it has all the abilities that money has, it can be use to buy everything for you. I know bitcoin has future and it will make the future of simple person a special as they want, bitcoin has the ability to use for birth the currency and the money as it has fast transaction people prefer to use digital currency to buy goods online you will be able to pay for all bills and even school fees as well. Without moving away from your home you can easily enjoy high quality shopping with bitcoin currency payment service.
Bitcoin is a currency. Currency means medium. And money is that which we can touch, we can see it. But Bitcoin has no form.
Bitcoin is an electric data and people can not use it physically because it is not physical thing. If you use this then you have to use it at online. Some government have banned it in their country so that it will never be any money because we can money at any time anywhere. You can not take it as main currency also.
It is a cryptocurrency and those people only can use it who are well known about it. You don’t need to find best name of it if you want to deal with this coin. You have to know all the system of it and take the perfect decision which will bring much profit to you. It is very useful for those people who can take the perfect decision at all time.
It is a cryptocurrency and those people only can use it who are well known about it. You don’t need to find best name of it if you want to deal with this coin. You have to know all the system of it and take the perfect decision which will bring much profit to you. It is very useful for those people who can take the perfect decision at all time.
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.
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. Bitcoin use for money transaction. It is a digital crypto currency but we can also say that bitcoin id money. In general, bitcoin is a system of money in a particular country.
Both, of course. And topmost it is also a payment system. Oh, and it is a technology to prove ownership over something (Bitcoins in the most basic form) on a distributed no-trust-requiring public ledger.
Yes its true,we can see that both money and currency which the best way to defined for bitcoin.We make our life successful and change to be wealthy because of this kind of income.Thats why for me that bitcoin deserves to be money at the same time the 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?
bitcoin is the currency in the crypto world, and paper money is the real-world currency, all of which have their own features and disadvantages. But bitcoin can be considered a real currency like paper money in a country that validates the presence of bitcoin. so I think bitcoin is 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?
This is money and also currency bitcoin cannot b spend anywhere but it can be converted into money of any country. Currency and money can be touched but bitcoin cannot b touched.
Bitcoin is a digital money or currency. Bitcoin cannot be use offline but it can be exchange for a paper money so that it can be use anytime anywhere.
it is both,
as it affected by market regulation also like currency, and said money because its valued on real.
Yes both of the two will fit into it.if we talk currency it is bitcoin that make an digital currency and exchange into money if needed. So therefor money is in bitcoin and bitcoin can exchange to money. It reflects by each other.as it affected by market regulation also like currency, and said money because its valued on real.
Though bitcoin is another way of making money but still it comes out with money.
Bitcoin is the first cryptocurrency. I.e. electronic means.They do not look like ordinary money and are not printed by banks. Banks can issue an unlimited amount of money to pay off debts. Thus devaluing its currency. It would be more correct to call bitcoin an independent payment system. Money can not call him because he has not secured and does not have stable prices.
Bitcoin is everything, can be used any way you please, holding asset, currency, or even cash.
If you think bitcoin is everything you may be wrong because we live in a state of sovereignty and a predetermined government. Therefore money is a legitimate means of transactions rather than bitcoins. But, bitcoin here, plays an important role to supplement the money like real money and bitcoin in the digital world are equally important. 
I would consider it to be money right now. As more and more people use it it will be a currency. It is more than either option though. It is a technology that can and will change everything from elections to contract law.
Bitcoin can be considered to be money, when it is converted to fiat. I suppose that BTC is a currency, the stuff that can connect even people globally! Bitcoin is sure a protocol, but many of us still call it money.
Bitcoin is the digital money and for me it is very important because i am totally dependent on this So when the bitcoin activity and the price high then it is good for me and i am happy when i know a good news about bitcoin and the crypto For me bitcoin is very precious form of currency i would like to motivate others to come and join this.
In particular perhaps bitcoin can be called one of the first implementations of what is called cryptocurrency and all bitcoin systems are based on block or blockchain chains and as virtual currencies that can be done in terms of transactions. so in my opinion, bitcoin can be called money that can not be seen physically because bitcoin is made as a means of transaction by using the internet as a means to make transactions.
Jump to: