Isn't bitcoin Money? Aren't there only 2 ways to earn bitcoin?

davis196

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Quote from: kvlolo on April 14, 2017, 08:00:47 AM

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money?

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it?

In a word, there are only two ways to make money/bitcoin, legal and illegal. Wink

I do love this saying, "In a word, Bitcoin is MONEY".

Your question is totally pointless.I don`t understand what exactly are you trying to say?
Bitcoin is money,but earning bitcoins is a little bit different than making money, because bitcoin isn`t that popular.

pinkpanther03

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Quote from: kvlolo on April 14, 2017, 08:08:29 AM

I have one more concern too:

Can bitcoin really protect our wealth? Will there be one day that bitcoin is as trusted (or even more) as gold?

Yes! it is definitely bitcoin can protect our wealth because of the decentralization it has that it can give to all bitcoin users who hold and keep their bitcoin to their storage wallet address. And it is very secured and safe, meaning no worries about it.

kvlolo

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Quote from: ?? on ??

Quote from: kvlolo on April 14, 2017, 08:00:47 AM

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money?

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it?

In a word, there are only two ways to make money/bitcoin, legal and illegal. Wink

I do love this saying, "In a word, Bitcoin is MONEY".

Bitcoin can be used as money to buy products.
Bitcoin can be sent as money to any parts of the world.
Unlike money,bitcoin can give you more returns if stored as a long term investment.
Bitcoin can be earned by buying it with cash,investing and trading in altcoins,signature campaigns,etc.

Then what if the price drops in the future? Roll Eyes

fancy_pants

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quarkchain.io

If you are looking to earn bitcoins with shortcut method then you will definitely choose illegal ways to earn them by gambling or by hacking someone's account and if you are honest then you will start looking for genuine ways to earn them.

taxmanmt5

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Will you steal or hack somebody's account? or gambling in some illegal gambling area or site using bitcoin. Yet, it is all up to you, it is your choice. Lots of options are available online for bitcoins.

DoublerHunter

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Quote from: taxmanmt5 on April 17, 2017, 03:04:28 AM

Quote from: kvlolo on April 14, 2017, 08:00:47 AM

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money?

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it?

In a word, there are only two ways to make money/bitcoin, legal and illegal. Wink

I do love this saying, "In a word, Bitcoin is MONEY".

Mate, it is true that bitcoin can be collected by legal and illegal ways, there were people who truely use bitcoin to illegal because of its good feature of anonymity to the public every transaction they make.

Bitcoin or even the fiat already used in illegal transactions because that is how they can exchange things like service or an item but in this days, if a lot of people already know bitcoin then bitcoin is more prone to illegal ways especially in getting or earning bitcoin because of its anonymity and it is too easy to earn bitcoin in illegal way like buying and selling drugs.

posternat

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Quote from: erickkyut on April 15, 2017, 08:48:35 PM

Bitcoin is not money, it is a digital currency but it has some functions the same as money. There are not only two ways to earn Bitcoin but many more ways. You can ask or look in this forum. There are polls here asking what are the best ways to earn Bitcoin.

Yes, there are lots of ways to earn bitcoin but then the question is your way illegal or legal? I guess most are legal ways

but it is your option on how you gonna collect coin?

taxmanmt5

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Quote from: kvlolo on April 14, 2017, 08:00:47 AM

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money?

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it?

In a word, there are only two ways to make money/bitcoin, legal and illegal. Wink

I do love this saying, "In a word, Bitcoin is MONEY".

Mate, it is true that bitcoin can be collected by legal and illegal ways, there were people who truely use bitcoin to illegal because of its good feature of anonymity to the public every transaction they make.

buharikx31

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: lionheart78 on April 16, 2017, 04:00:37 PM

Quote from: Xester on April 14, 2017, 08:11:53 AM

Quote from: kvlolo on April 14, 2017, 08:00:47 AM

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money?

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it?

In a word, there are only two ways to make money/bitcoin, legal and illegal. Wink

I do love this saying, "In a word, Bitcoin is MONEY".

Bitcoin is a currency but it is not money. In order for bitcoin to be considered money the state must recognized it as a legal tender but until now there are no declaration of bitcoin as a legal tender or an official medium of exchange and thus it can never be considered as a money. Though there are countries that have adopted bitcoin but they treat bitcoin as a commodity with a value that is a feasible form of payment.

Bitcoin is money. I think you should look up for the definition of money and currency. And Bitcoin are both money and currency and now several holders consider it as store of value. And care to know how Japan look at Bitcoin. Even in my country, government look at Bitcoin as money. I think you need to look at the window sometimes to catch up some news. The world isn't just your house.

Bitcoin can be considered as currency or money it's all depends on individual opinions. Maybe it will depends on what purpose people are using bitcoin for buying something or to sell it to get paper funds

Mometaskers

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It seem to be more commodity and currency in my country, at least at this point in time. Our central bank even made it clear that it does not endorse it as a currency (there are starting to be more services payable in bitcoins here though). I guess that means it's still not a legal tender (which is what money is).

They've recognized its usefulness as money remittance tool though. We can also buy it here with fiat and then cash out later but then that would make it more like an investment tool, a commodity to buy and sell.

jak3

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this is exactly what most of the people like tp think with this crypto currency but in real its not even money its just some short of points system whoch behaves more or less like our monetary system anyway no matter what it is we use it for legal and illigal purposes. there might be many ways by which users do make more and more money and hence growing up the bitcoin network we all are helping each other whole making profit for ourself

HaXX0R1337

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Quote from: Reid on April 16, 2017, 01:30:27 PM

I dont think there is an illegal way. To earn bitcoin miners would have to mine.
The rewards are called "bitcoin". After that there is what you call the illegal way which doesnt include how it was really earned.
It is the way it circulates that makes it illegal to many persons but if you really look at the history to where it was earned, you will see there is nothing really wrong about it.
The way it is being used will be the problem. Same with money. They can duplicate it but it will not be the same. In crypto they are called alt coins.

You are wrong in this aspect here,there are illegal ways to acquire bitcoin and the most common one we see is hacking since this is a virtual currency always make sure your coins are secure and all alt coins are not duplicate coins,it is an extension on the market where bitcoin started the revolution.

lionheart78

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Quote from: Xester on April 14, 2017, 08:11:53 AM

Quote from: kvlolo on April 14, 2017, 08:00:47 AM

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money?

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it?

In a word, there are only two ways to make money/bitcoin, legal and illegal. Wink

I do love this saying, "In a word, Bitcoin is MONEY".

Bitcoin is a currency but it is not money. In order for bitcoin to be considered money the state must recognized it as a legal tender but until now there are no declaration of bitcoin as a legal tender or an official medium of exchange and thus it can never be considered as a money. Though there are countries that have adopted bitcoin but they treat bitcoin as a commodity with a value that is a feasible form of payment.

Bitcoin is money. I think you should look up for the definition of money and currency. And Bitcoin are both money and currency and now several holders consider it as store of value. And care to know how Japan look at Bitcoin. Even in my country, government look at Bitcoin as money. I think you need to look at the window sometimes to catch up some news. The world isn't just your house.

geopolisch

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Quote from: kvlolo on April 14, 2017, 08:08:29 AM

I have one more concern too:

Can bitcoin really protect our wealth? Will there be one day that bitcoin is as trusted (or even more) as gold?

You are asking the forum like we can divine what will happen in the future. No one knows much more than anybody else on this matter. In regards to whether bitcoin is money, I think we can go with the definition of money which is a medium of exchange that two parties will accept as payment for a service.

I think Bitcoin would fall under this category. Whether or not Bitcoin will become like gold I am not sure about that; I don’t see it happening but maybe.

dothebeats

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Yes. Bitcoin is money, though not your conventional fiat since it is decentralized and no entity rules or controls it. Aside from that, this money can be bought by money (or trade, you get the point) from specialized exchanges that handles the transactions. There are only two ways, yes. It's either you work for it or trade it.

Quote from: kvlolo on April 14, 2017, 08:08:29 AM

I have one more concern too:

Can bitcoin really protect our wealth? Will there be one day that bitcoin is as trusted (or even more) as gold?

i don't know. Can it? But as far as you can see bitcoin is performing quite well and delivering positive results. Aside from that, people have built infrastructures and wealth in it and they wouldn't allow bitcoin to fall down that easy.

Reid

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I dont think there is an illegal way. To earn bitcoin miners would have to mine.
The rewards are called "bitcoin". After that there is what you call the illegal way which doesnt include how it was really earned.
It is the way it circulates that makes it illegal to many persons but if you really look at the history to where it was earned, you will see there is nothing really wrong about it.
The way it is being used will be the problem. Same with money. They can duplicate it but it will not be the same. In crypto they are called alt coins.

xuan87

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I am the person believe that bitcoin is money, because we can used it to purchase things and people accept it, even though there are two ways to earn legal or illegal way but the way to earn with illegal or legal way is also a lot, like trading, investing, faucet, ransomware, stealing and other, so there's not only two way to earn money, but a lot, and yes bitcoin can be a good investment but don't put all of your money in bitcoin, we still don't know what could happened with it

DannyHamilton

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Quote from: digaran on April 15, 2017, 07:26:03 AM

Quote from: DannyHamilton on April 14, 2017, 11:25:40 AM

- snip -
As far as I can tell, there are 5 ways to acquire bitcoin:
- snip -

You forgot mining, the original method of earning money in bitcoins,
- snip -

No. I didn't.

Quote from: DannyHamilton on April 14, 2017, 11:25:40 AM

Provide a product or service and receive bitcoins for the value you have provided

Miners provide a service (maintaining the security of the blockchain), and receive bitcoins (transaction fees and inflation based subsidy) for the value they have provided.

Weatherby

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Quote from: kvlolo on April 14, 2017, 08:08:29 AM

I have one more concern too:
Can bitcoin really protect our wealth? Will there be one day that bitcoin is as trusted (or even more) as gold?

Are you advertising a so called bitcoin bank,i am not sure about the legitimacy of the site and i am not sure whether it is good to advertise which is not yours and if it is your project then you must start an ANN thread so that people discuss about it. I just have one thing to tell you,there only one way to earn money and that is either you have to be lucky or you need to work hard and there are no short cuts,no one can predict whether bitcoin can protect your wealth in the future ,but as it stands it will protect but as an investor you have to consider both sides.

Mvaporis1961

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Quote from: kvlolo on April 14, 2017, 08:00:47 AM

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money?

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it?

In a word, there are only two ways to make money/bitcoin, legal and illegal. Wink

I do love this saying, "In a word, Bitcoin is MONEY".

First thing is yes,bitcoins is a money or also known as cryptocurrency that we can use in online transactions.Yeah you can earn from both legal and illegal things but it will be easier and safer if you will go for the legal ways instead of going to illegal things

Topic: Isn't bitcoin Money? Aren't there only 2 ways to earn bitcoin? (Read 1964 times)