Topic: Is Bitcoin Money or Currency - page 9. (Read 5727 times)
As i have known, money can make you buy anything (where money can buy) you like. In the case of bitcoin, it's a digital currency that makes you buy food or pay for the services rendered to you. So i think bitcoin is currency and is also a money.
Bitcoin is a currency Which we transact payment through online. It is different from fiat money because the uses of bitcoin as currency is to have a faster and easiest way in terms of payment then also it contains investment which it has a possible to grow.
Can be said like that, even for any comparison of course bitcoin better than currency, no doubt that transaction with bitcoin is very fast but with very cheap cost. BOTH! Its a crypto-CURRENCY that is used as money.
Agree mate it is both crypto currency and money, as you can read it in google bitcoin define as a currency and for me it turn to money when we change it to fiat but what is important to me and hooked to bitcoin because of the benefits that I can get.
Bitcoin is a currency Which we transact payment through online. It is different from fiat money because the uses of bitcoin as currency is to have a faster and easiest way in terms of payment then also it contains investment which it has a possible to grow.
Both of course. Although bitcoin has no medium compared to fiat which is either coin or paper.
It's a system of e-money where it can be used for online transactions.
It's a system of e-money where it can be used for online transactions.
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?
My friend bitcoin is a currency because we have i a world of crypto and bitcoin is a king of all coins.But we consider also as a money after we converted bitcoin into fiat. - 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?
Different people see Bitcoin differently.
Depends what is your interest in Bitcoin and what are you looking to achieve. How you utilise the cryptocurrency.
If you are paying for things in Bitcoin, you are using it as money. If you see it as a store of value that can beat inflation, you probably see it as an asset class similar to gold and so on.
Bitcoin is a completely digital currency that is independent of any banks or governments, using its own decentralized technology for securing payments and storing money.
Depends what is your interest in Bitcoin and what are you looking to achieve. How you utilise the cryptocurrency.
If you are paying for things in Bitcoin, you are using it as money. If you see it as a store of value that can beat inflation, you probably see it as an asset class similar to gold and so on.
Bitcoin is a completely digital currency that is independent of any banks or governments, using its own decentralized technology for securing payments and storing money.
Currency is the medium of exchange. But money is different. The way I see it, anything with value is money. We all know that Time is money. It's a 100% truth. Your asset is kind of money. Any useful currency is undoubtedly money. BTC or Bitcoin was supposed to be a currency. But I don't think we have reached there yet. Now Bitcoin is only money, soon it will be both.
Bitcoin is the currency
I think it can be said both, money and currency, this is because all the functions of money and currency can we get with bitcoin, and of course with bitcoin we can get many advantages and that is mainly the value that continues to grow. 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?
The above definitions are one sided and not wide enough to cover other aspects that accommodate both bitcoin/cryptocurrency and gold because aside currency being defined as a medium of exchange in a particular country, what about the definition that state a currency as any thing that is use to make payment for goods and services? - 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?
Presently bitcoin is just digital money and is not a mainstream currency.
Firstly, the coin's decentralised nature makes it not bound to any rules and regulations of any government which makes it a fearful prospect for currency in the future as the economy would be no longer under control.
The coin has not gained acceptance worldwide due to the same reasons and is even banned in some countries.
The most important characteristic feature of a currency is its stablity which the coin doesn't possess. The coin is highly volatile for that.
The coin is a great investment asset but it would take it years to be a mainstream currency.
There are so many doubts about some questions I use to ask people and myself about bitcoin? Is bitcoin a verifiable record that is generally accepted as payment for goods and services? Does bitcoin repay debts in a particular country or socio-economic context?
Is bitcoin in the form of money which circulates as a medium of exchange? Upon all these questions I ask myself and others, I can deduce that bitcoin is a currency since it is medium of exchange used in a particular country or setting.
Is bitcoin in the form of money which circulates as a medium of exchange? Upon all these questions I ask myself and others, I can deduce that bitcoin is a currency since it is medium of exchange used in a particular country or setting.
Bitcoin is the currency
Bitcoin is some kind of assets and it's can be exchanged to other form of assets, in my opinion, it's still money but definitely not a currecny, some people are even asking to close digital good section which use Bitcoin as exchanging currency, so how can you call Bitcoin a currency?
Yes bitcoin is a digital asset but you can still exchange to make it real or fiat
Currency is simply paper. This paper money is a tool for trading your time. Currency has no intrinsic value!. One of the biggest problems with currency is that the governments can print more and more of it whenever they want or need to.
Money is a store of value and maintains its purchasing power over a long period of time. Silver and gold is the optimum form of money because of its properties.
Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like digital currency.
Money is a store of value and maintains its purchasing power over a long period of time. Silver and gold is the optimum form of money because of its properties.
Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like digital 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?
I think the bitcoin is currency, It is not real money. The bitcoin is difficult be used as money because the bitcoin is high volatile.
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?
Both, I think bitcoin is money and currency. The bitcoin is crypto currency, bitcoin also payment system. If the price of bitcoin is stable , I think bitcoin will be used as money all the countries. I hope 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?
- 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?
Yes bitcoin can be called bitcoin money and also currency, bitcoin is money because it is a payment medium, like when you use money to buy your needs, it's just bitcoin is digital currency.
In my opinion, bitcoin is money and currency. You can use bitcoin to buy, and it is classified as cryptocurrency, so I think bitcoin is both currency and money. I think the question here should be, when will the world accept fully that bitcoin is a currency and that you could use it to buy things because bitcoin is as good as money.
I think bitcoin is not money but only as a currency in digital and we use it online because bitcoin is a digital currency that we can not use as direct payments like the official currency
Bitcoin is like a hologram-like structure. When you cash it out, bitcoin is money. When you invest in it, it's like an asset. When you use it in your shopping and trades, it's a currency. Bitcoin is not one dimensional thing. It has many dimensions.
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