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Topic: Is Bitcoin Money or Currency - page 6. (Read 5735 times)

newbie
Activity: 178
Merit: 0
May 17, 2018, 04:00:51 AM
Bitcoin wasn't money that can be a major of exchange in the world. It is a system that can be invest and get through computer or digital ways. Bitcoin works all over the globe with those people who holds it. They can exchange whatever they want that with exact amount of their bitcoin to money. So far bitcoin did not yet recognized all over the world so it wasn't yet a money but can probably the money. From bitcoin to money is possible or vice versa. Maybe in the future there will have some changes about this system.
jr. member
Activity: 131
Merit: 1
May 17, 2018, 03:51:38 AM
BTC do not belong to the direct currency, but BTC is, indeed, have a certain value, the role of the BTC is defined as "the future digital currency touchstone, undeniable digital currency has unique generation algorithm, the security and practicability are far higher than that of traditional paper money, cannot be falsified once launched, fundamentally eliminate fighting money laundering and terrorist organization.
full member
Activity: 266
Merit: 108
May 17, 2018, 03:30:15 AM
it does not matter for me but there is exact result for this situation.
Bitcoin is valuable things and we can use it in our daily life or as an investment for future.
Being money or not or currency or another things are not important in my opinion.
hero member
Activity: 700
Merit: 553
May 17, 2018, 03:16:23 AM
actually, it has property of money in terms of payment. Bitcoin is also a currency, which is traded person to person without any need for a bank in the middle.
full member
Activity: 294
Merit: 100
May 17, 2018, 03:12:02 AM
I would say that by looking at the way you put your question you did not think how multifunctional the bitcoin is because I'd definetly call it a currency, an investment and money all together. And that exactly what explains the arising attention to this crypto currency.
newbie
Activity: 126
Merit: 0
May 17, 2018, 01:08:04 AM
I think both of them.
I would argue if Bitcoin is one of the digital currencies, and Bitcoin also as money (which is virtual).
Bitcoin is almost the same as conventional money can to make investments, transactions, or trade.
hero member
Activity: 896
Merit: 500
May 17, 2018, 12:32:56 AM
I think bitcoin is a currency so we are free to use bitcoin like a currency, with user growth and devs. which continues to increase then I'm sure that a day bitcoin becomes a very popular investment.
full member
Activity: 364
Merit: 100
May 16, 2018, 11:43:04 PM
I think, bitcoin is digital currency and not money because we can not transact directly using bitcoin as money, we can only transact with bitcoin digitally and online
full member
Activity: 413
Merit: 105
May 16, 2018, 09:29:46 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 both money and a currency. Bitcoin is a money because we can use it to purchase things that we need and we want. Also, it is a currency because it is a type of a currency that have a unique features because it is adigital currency which you can't see nor touch.
jr. member
Activity: 518
Merit: 6
May 16, 2018, 08:46:52 PM
For me its money, because it can be used as payment, were as in definition of currency it signifies in a particular country, And yeah bitcoin is money it is legally accepted as payment in some countries.
full member
Activity: 700
Merit: 102
May 16, 2018, 05:35:37 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?

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.
hero member
Activity: 2408
Merit: 584
May 16, 2018, 04:04:35 PM
It is hard to say about this idea. People want bitcoin to become a currency which accepted around the world. However, most of them only hold bitcoin for a long term profit without spending a single penny. So how can bitcoin become money when people consider it as an investment ? Right now, it is obvious that bitcoin is useful for people to put their money in because it can give us a huge profit in the future
Bitcoin is a crypto currency you can also call it money as well because it is a medium of exchange. Generally acceptable for instant transaction. Bitcoin is a bombastic technology and can really change the world if it is allowed to expand and appreciated further. You might have noticed the end of 2017 marked the $20k limit for Bitcoin value and almost all those who had invested earned huge. This is again an opportunity to invest and be ready for the profit. So you can call it money or a crypto currency as its result is profit.
full member
Activity: 693
Merit: 100
May 16, 2018, 03:44:02 PM
In my opinion Bitcoin is money also currency,because Bitcoin is an investment and they only want to earn more money from holding it.Bitcoin is money in the digital world, so bitcoin is both money or currency


Easier to say is that bitcoin is money and currency cause it has the same use but in diffrent ways cause money could be paper but crypto not and crypto has bigger volatility, those are for me the only differences.
Certainly bitcoin is a money because it can use to purchase some goods and services or we can even exchange it in any form of our local money because it has value like a true currency, the fact that it is a virtual currency or not truly a currency a system design by our new technology to act like a true currency because it has a market value.
sr. member
Activity: 1463
Merit: 265
Pepemo.vip
May 16, 2018, 03:23:11 PM
In my opinion Bitcoin is money also currency,because Bitcoin is an investment and they only want to earn more money from holding it.Bitcoin is money in the digital world, so bitcoin is both money or currency


Easier to say is that bitcoin is money and currency cause it has the same use but in diffrent ways cause money could be paper but crypto not and crypto has bigger volatility, those are for me the only differences.
full member
Activity: 252
Merit: 104
“Blockchain Connection Framework”
May 16, 2018, 02:29:49 PM
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.

I agree. I think both terms although have distinct meanings on their own sometimes can be interchanged, especially in the discussion of business because of how they are used. They both are used for value, and from their value, they derive their characteristics of being tradeable and having the capacity to be used as payment for goods and services. Therefore, whether you see it as money or currency is pretty much the same because of how people commonly use it.
member
Activity: 266
Merit: 10
ImmVRse | Disrupting the VR industry
May 16, 2018, 02:12:35 PM
Bitcoin in both, it is the thing, that makes my life better and easier in the hard reality of my area and neighbourhood. So BTC for life
newbie
Activity: 154
Merit: 0
May 16, 2018, 01:58:59 PM
For me, Bitcoin is a currency that can only be used over the Internet. it has a value that can be traded to a real Money. that means you can also it use to buy something on the Internet.  so we can safely assume that Bitcoin is the Internet's Money. but not in the real World.
newbie
Activity: 196
Merit: 0
May 16, 2018, 01:43:41 PM
It is hard to say about this idea. People want bitcoin to become a currency which accepted around the world. However, most of them only hold bitcoin for a long term profit without spending a single penny. So how can bitcoin become money when people consider it as an investment ? Right now, it is obvious that bitcoin is useful for people to put their money in because it can give us a huge profit in the future
bitcoin is a digital currency and it work same like real money its price is also very high then any other currency.
newbie
Activity: 90
Merit: 0
May 16, 2018, 01:40:37 PM
bitcoin is money and currency. only it is on the Internet, we can not touch them and see, but they are, it's modern money
member
Activity: 279
Merit: 13
May 16, 2018, 01:31:14 PM
In my opinion Bitcoin is money also currency,because Bitcoin is an investment and they only want to earn more money from holding it.Bitcoin is money in the digital world, so bitcoin is both money or currency

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