Topic: Is Bitcoin Money or Currency - page 37. (Read 5735 times)
I see Bitcoin more as a platform than money or currency. Money and currency has certain characteristics which are not in Bitcoin.
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?
Money and currency its different. Because money is thing that we used everyday. Currency is what we called our money. Its different but the same used. Every country their are name of their currency but it different value. - 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?
I considered this as money. Because bitcoin and other forms of cryptocurrencies are not accepted in our country, definitely I converted it our local currency so i can spend it in buying goods and some necessities.
Basically bitcoin is a virtual currency circulated over the internet therefore it was being called digital or crypto currency and since it is a currency then it was really a money because we can buy any goods and service to any establishment that accepts bitcoin and besides we can convert it into our local money in order to use in our society. 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?
Well in my own opinion, bitcoin is both currency and money, because bitcoin is a program or system that holds currency and bitcoin can be exchange money so there both and the same situation.- 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?
I guess so? but for me bitcoin is a currency, a virtual one, a virtual one which is the money on the internet. Bitcoin is not yet the currency like fiat that we are all using because of the government is not declaring it as one. Maybe in the near future it could happen but right now it is too good to be true to be a global currency.
Both... Money as a mean to invest your savings and do business with it and currency as a mean to transact with it and speculate
we see its function first because the money on its usefulness is for the legal means of payment to conduct daily buying and selling transactions, while bitcoin money is only suitable for an investment or a lucrative side business.
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?
Actually it can be both if you will going to apply those definitions. But technically it is called as crypto currency because of its nature that you can buy and sell things online with the use of it. Therefore, Bitcoin is considered as money because of that. On the other hand, bitcoin is also a system of money that is used by some countries as a mode of exchange or transactions and is widely known by some people and investors. Although there is no country yet that is fully used bitcoin as their sole currency but I think in the future people in the entire world will adapt bitcoin as one of the currency that is dominated in the world.
bitcoin its currency . its clear said it is Crypto CURRENCY . which is its mean . that have value to change into USD .
like what is KRW its something that have value to change into real money .
so imprefer said bitcoin its currency . and bitcoin transaction user i think almost same with small country transaction in country i think for now.
like what is KRW its something that have value to change into real money .
so imprefer said bitcoin its currency . and bitcoin transaction user i think almost same with small country transaction in country i think for now.
Bitcoin is money, while cryptocurrency is the currency of bitcoins. Bitcoin cannot be a currency because currency represents the overall system of money in an environment. Bitcoin is only part of cryptocurrency which represents the whole money on the internet.
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?
Basically speaking when we talk about bitcoin. We all know that bitcoin is a digital coin it only exist on the internet which means digital currency where we can buy or trade real money into this coin. As for the subject of your thread bitcoin is a currency. I mean digital currency.
I considered this as money. Because bitcoin and other forms of cryptocurrencies are not accepted in our country, definitely I converted it our local currency so i can spend it in buying goods and some necessities.
Money is unreal, meaning imaginary, intangible - a concept.
Currency is NOT money, but merely represents money.
Currency is NOT money, but merely represents money.
So, bitcoin is... ?
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?
Neither. Because Bitcoin is a cryptocurrency means virtual money.
Both definitions may stand but what matters is the use bitcoin is put to. To this effect, bitcoin is a means of payment and exchange. It pays bills and has made many fantastically wealthy within a space of a few years. So, bitcoin is money and currency and asset rolled together.
Like seriously, dude you don’t even know what you’re saying. Bitcoin is not a currency, it’s just money. It says money is any medium of exchange which can be in the form of coins or banknotes, but currency is a system of money that is generally used in a particular country. Coins and banks notes can also be used to pay for bills and other stuffs, just like bitcoin. So, my conclusion is that Bitcoin is money and not 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?
Well in my own opinion, bitcoin is both currency and money, because bitcoin is a program or system that holds currency and bitcoin can be exchange money so there both and the same situation. - 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?
Known, the virtual currency is a digitally-built currency, the entire system is based on chain blocks or blockchain. Starting from the issuance, the way transactions and records are all recorded in the blockchain decentralization network.
Bitcoin is one of the most popular virtual currencies in the world. Because Bitcoin has the fastest and highest price movements compared with other currencies.
Both definitions may stand but what matters is the use bitcoin is put to. To this effect, bitcoin is a means of payment and exchange. It pays bills and has made many fantastically wealthy within a space of a few years. So, bitcoin is money and currency and asset rolled together.
Bitcoin is a black swan to the economists who have created the definitions. It's a private fiat currency.
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