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Topic: Is Bitcoin 'real money' to you? - page 58. (Read 70683 times)

legendary
Activity: 3752
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
October 29, 2015, 05:14:44 AM
Yes, it is my online money. I will NOT use any currency other than bitcoin when I surfing the web (including USD/EUR/credit card (as I don't have one as of now).
However in my daily life, I still use fiat, as local shops don't accept bitcoin and I don't see one accepting it either Sad
sr. member
Activity: 462
Merit: 250
October 29, 2015, 04:09:36 AM
As long as you can withdraw it to the real cash money.
Then i consider it as a real money, but basically it is virtual.
As long as bitcoin belongs only to someone it is real.

Bitcoin is virtual, it is stored digitally. However, it is also real.

I can use bitcoin to buy goods. I have bought computer components, motherboards. I have used it to pay my phone bill.

So bitcoin is useful. It is real.
legendary
Activity: 3248
Merit: 1070
October 28, 2015, 12:46:08 PM
If you can buy/trade with something, it is a real currency, as long as it is some minimal amount of universal acceptance.

so the body of a girl is a currency? there must be a difference between the two right...

plenty of other examples out there, what it is not a real currency then?
hero member
Activity: 504
Merit: 500
October 28, 2015, 12:44:31 PM
If you can buy/trade with something, it is a real currency, as long as it is some minimal amount of universal acceptance.

As long as you can withdraw it to the real cash money.
Then i consider it as a real money, but basically it is virtual.
As long as bitcoin belongs only to someone it is real.
newbie
Activity: 84
Merit: 0
October 28, 2015, 12:38:14 PM
If you can buy/trade with something, it is a real currency, as long as it is some minimal amount of universal acceptance.
legendary
Activity: 1568
Merit: 1000
October 28, 2015, 12:16:21 PM
Bitcoin is virtual or illusion online money.
It can't be touched so it is not a real money.
Bitcoin is just number which is visualized on our monitors, but yeah it is real money because we can buy things.
It's 'machine to machine' transactions but it makes sense to us, same like the e-banking money.

Are you kidding me. So money is money because it can be touched? You must be living in the 19th century.
All modern money doesn't exist, it's just numbers on computers. Physical money will be gone in 2 decades or so, no one will use cash. It will all be digitalized.

Money is money if it gives you what you want to exchange with it. That's all. The people of the past used physical stuff to trade because they didn't had any better options.

I think what he means is that Bitcoin has no real intrinsic value as gold has. One can argue that fiat doesn't have that also, it's just paper, but of course we all know it's not the same, that's another debate for another time.
hero member
Activity: 504
Merit: 500
October 28, 2015, 12:13:57 PM
Bitcoin is virtual or illusion online money.
It can't be touched so it is not a real money.
Bitcoin is just number which is visualized on our monitors, but yeah it is real money because we can buy things.
It's 'machine to machine' transactions but it makes sense to us, same like the e-banking money.

Are you kidding me. So money is money because it can be touched? You must be living in the 19th century.
All modern money doesn't exist, it's just numbers on computers. Physical money will be gone in 2 decades or so, no one will use cash. It will all be digitalized.

Money is money if it gives you what you want to exchange with it. That's all. The people of the past used physical stuff to trade because they didn't had any better options.

Since you can't touch it it is not yours, believe it or not.
I know that money is being digitized but it will not be disappear as you are stating.
And since we are in the bitcoin community and our deals are from/to other countries bitcoin is good because of the low transaction fees.
legendary
Activity: 1610
Merit: 1183
October 28, 2015, 11:46:08 AM
Bitcoin is virtual or illusion online money.
It can't be touched so it is not a real money.
Bitcoin is just number which is visualized on our monitors, but yeah it is real money because we can buy things.
It's 'machine to machine' transactions but it makes sense to us, same like the e-banking money.

Are you kidding me. So money is money because it can be touched? You must be living in the 19th century.
All modern money doesn't exist, it's just numbers on computers. Physical money will be gone in 2 decades or so, no one will use cash. It will all be digitalized.

Money is money if it gives you what you want to exchange with it. That's all. The people of the past used physical stuff to trade because they didn't had any better options.
legendary
Activity: 1652
Merit: 1057
October 28, 2015, 11:43:14 AM
Bitcoin is virtual or illusion online money.
It can't be touched so it is not a real money.
Bitcoin is just number which is visualized on our monitors, but yeah it is real money because we can buy things.
It's 'machine to machine' transactions but it makes sense to us, same like the e-banking money.

You may be right with respect to the physical character of bitcoin. But with respect to real usage and applications, we can find bitcoin more friendly and can be used any sectors. In my experience I find bitcoin as a real money.
hero member
Activity: 504
Merit: 500
October 28, 2015, 11:10:50 AM
Bitcoin is virtual or illusion online money.
It can't be touched so it is not a real money.
Bitcoin is just number which is visualized on our monitors, but yeah it is real money because we can buy things.
It's 'machine to machine' transactions but it makes sense to us, same like the e-banking money.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
October 28, 2015, 10:57:47 AM
Is Bitcoin 'real money' to you?
Yes, I previously enjoyed gambling with small amounts of BTC and the winning/losing felt very real.
Bitcoin can be used for so many things, it clearly is money.
member
Activity: 70
Merit: 10
October 28, 2015, 10:51:32 AM
yes! bitcoin for me is real money because i can use it in paying some goods and service,
legendary
Activity: 1734
Merit: 1015
October 28, 2015, 10:43:36 AM

Money need to have much bigger supply, so everybody would afford to have at least 1000 units.


1000 Satoshis are pretty cheap today.
hero member
Activity: 784
Merit: 1000
October 28, 2015, 10:41:17 AM
It's more like an asset than money.

Imho a "concept" closer to money would have been dogecoin if it would have had success.
Money need to have much bigger supply, so everybody would afford to have at least 1000 units.

BTC is more like electronic gold. Sounds good too Smiley

You say you need to have a lot of supply in order to have it be a currency?  Technically Bitcoin provides tons and tons of supply.  So I think you are a little off.  Remember, it is a lot of satoshis in order to actually get 1 Bitcoin. 
legendary
Activity: 3668
Merit: 6382
Looking for campaign manager? Contact icopress!
October 28, 2015, 09:03:57 AM
It's more like an asset than money.

Imho a "concept" closer to money would have been dogecoin if it would have had success.
Money need to have much bigger supply, so everybody would afford to have at least 1000 units.

BTC is more like electronic gold. Sounds good too Smiley
member
Activity: 104
Merit: 10
Never risk more than what you're willing to lose
October 28, 2015, 08:58:55 AM
You can monetize anything so long as someone is willing to trade you for it.  Btc is money to me.  I can buy and sell almost anything for Btc. 
legendary
Activity: 924
Merit: 1000
TokenHouse decentralized cryptocurrency exchange
October 28, 2015, 08:54:27 AM
Yes it is real money to me highly volatile though.
full member
Activity: 232
Merit: 100
October 28, 2015, 08:05:36 AM
it is a saving something option for me  Wink
Q7
sr. member
Activity: 448
Merit: 250
October 28, 2015, 07:22:46 AM
Well it's not because they don't see bitcoin as a real money, they do. Sometimes it's greed at play here. Since parking bitcoin idling doesn't earn them anything as the amount stays the same they would rather gamble and have some fun with it even though potentially they will end up losing all those coin
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
October 28, 2015, 07:06:53 AM

In long term, most of the transaction will be purchase of goods or services. Gambling will form a very small part of bitcoin transaction. bitcoin will be real money eventually.

I'm sure the people running the gambling sites regard it as real enough. Gambling's a natural niche. I don't think it'll be going anywhere soon.
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