Topic: Is Bitcoin Money or Currency - page 4. (Read 5727 times)
If internet is country it means that bitcoin is currency. In other cases we can't say that bitcoin is currency because it will ruin the defenition of currency, but to be honest it is doesn't matter.
Bitcoin is not money. It is more of a digital money. In general, bitcoin is a digital currency which is really very popular all over the world. This currency represents money in a great way. It is a new definition of the value of money. In overall bitcoin is a digital currency which represents money.
Money is currency because it is a medium of exchange for goods and services. Bitcoin is also Currency because it is also serving as an exchange medium, but we can never ascribe Bitcoin to be money for the fact that it is not physical to our naked eyes. It is abstract in nature, virtual on line. We only believe in its existence and workability. Different kind of logos on ground are just in use to depict its existence. Hence, Bitcoin is currency and not money.
I think both of them, because bitcoin is very useful for people and can be money or currency crypto.
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 own opinion, cryptocurrency is considered as money today because there are a lot of people who are using bitcoins and altcoins , there are online stores as well wh oare accepting cryptocurrency because they want to earn bitcoins.
Bitcoin, or gold, in contrast, can be considered money in its truest definition. Bitcoin’s market value, in US Dollars, was about a five cents five years ago and is currently just under $250 USD. Critics love to bring up the peak of $1100 in November of 2013, but that was obviously a bubble created by Mt. Gox “Willy Bots” and China’s ability to buy Bitcoin before government intervention. Now that the market has corrected itself, Bitcoin has returned to its original trajectory it would’ve had if Mt. Gox hadn’t occurred. Its current value is well ahead of its value in October of 2013. The point is Bitcoin is anti-inflationary and is designed to be a store of value. It cannot be inflated to destroy its future value to pay for wars or debt. It is not debt-based, nor government controlled by a private subcontractor. It is governed by mathematic algorithms, and you know how many bitcoins there will be now and decades into the future.
I would say as for now the bitcoin is like money or the payment method that people who own it actively use, but the more popularity bitcoin has the higher the chance for it to become a currency. Also, in addition to those two options it is like very powerful technology.
Paper money is just a representation of the real one in a national bank of a country, meaning it is not real and the real one is in the bank which is the gold. Bitcoin is not a gold and most probably can not be consider as money for now because it represents to nothing which is belong to a centralized.
Bitcoin is a representation of the masses of people longing to be free from unsatisfying service of centralized power, to sustain the longing of people so I better called it currency than money.
Bitcoin is a representation of the masses of people longing to be free from unsatisfying service of centralized power, to sustain the longing of people so I better called it currency than 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?
if I think personal currency or bitcoin money is very influential for our lives, such as for the necessities of life, because today the money is very sought after many people to achieve their desires.
I would say it’s a little bit of both. You could even call it a payment system. Because it is a form of currency but at the same time it is money
Bitcoin is defined as digital money.
Bitcoin is both money and currency for me because once you have this digital currency, you can buy anything you like because you can convert your bitcoin currency to real money or fiat anytime you like. Therefore i don't really care enough if about it as long as i can buy anything i want if i have bitcoin.
I think Bitcoin is neither money nor currency. It is a asset like gold or silver because it has limited amount and isn't coined by any central bank or government.
This will be answered as we go along. For now though, on a long-term basis, it can be considered a good store of value which inadvertently would mean 'money'
I think your portfolio should have 25% bitcoin, 25% for your favorite and for all other coins at 5%
Yes bitcoin is a virtual currency and it is used by a lot of people today it is little equal to normal money used by people now because they had good feedback about bitcoin like their own currencies in future it will be used by all people in the world.
All my investments are now in the crypto currency, the usual money I have only for food and for life and I'm not worried about my assets
of course, money because until now I still do not feel that Bitcoin is a currency even though Bitcoin is called cryptocurrency...this will not stop being asked and discussed by the crowds, especially new players in Bitcoin.
It's money, we can spend it everywhere. We don't have questions about this. It's almost like a cash. We're totally free to cash out our bitcoins.
I would say that Bitcoin is money now but in the future it will become the currency. I think that soon it will become the main currency all over the world due to the advantages it has
i think bitcoin is currency, its a digital currencies because as we can know that bitcoin is doesn't have the physic form that makes me said that bitcoin is digital and why i said currency? because the bitcoin is used by all people across the country, not in 1 country but every country in the world there are bitcoin user on it
Jump to: