Bitcoin Forum

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

Were you asking a question or merely stating something as fact? I would argue that Bitcoin isn't too different from the past you have described. Satoshis still cost a fraction of a cent, so you could still use Bitcoin for reasonably small payments, especially right now that fees have basically bottomed out. It wasn't as ideal as it was then for micropayments, but is still quite viable. It's perfectly suitable for payments of every other amount too.

I agree that it has to be feasible for payments for it to have value, but some people would probably be content with it just being a store of value.

Yes it is strange but bitcoin's prime principle was to use it as currency and mode of payment. The system should have been kept the way it was, peer to peer transaction and with hassles of security, less time of transactions (upto the minute) and no minimum limit on how much to send or receive. However, over the time the user base gotten increased heavily and the mining operations expanded to unlimited resources and technology advanced a lot. All this led to business of the bitcoin which included mining, lending, harvesting bitcoin and much more. Over the time everyone forgot that it is currency and not some sort of coin where you can hold the value like we do in the gold. Anyway it is what it is right now and we have to accept that.

In the past old era wich is agricultural era  peapole don't using money they just exchanging interest  like farmer want to exchange his rice to fish from fisher man
And now industrial era people use money cause they think its valuable
It's only people imagination that one thing is valuable and that's why its getting demands the more it be popular the more it values
Just like bitcoin people accept it like currency and it getting more interested in it

Bitcoin doesn't only have value because it can be used as a way of payment. There are a lot of things that can be used as a way of payment, and we wouldn't need bitcoin if it was just another way of payment. Bitcoin has amazing value, because of the way it makes payments possible. It's decentralized, needs no middle man, it's secure, will soon be very fast and cheep and private, because of the technological implementations that are being developed. Bitcoin has amazing value because it has the potential to revolutionize the way we will make payments in the future.

Anything that exchanges for another monetary value, or an asset or any service happens to be a mode of transaction i.e. a currency. If it has a physical form which is paper then it is called the old conventional paper money, while if it is a cloud based mode availble online then the mode happens to be digital, or rather a digital CURRENCY.

Bitcoin being the later one, is digital money in a way. It is cryptocurrency and one of its kind. Exchanges allow it to be swaped with local and running money in most parts of the world. This way it also happens to be a currency because its exchangable to other currencies and can also operate independemtly on its own.

You have already answered your question that you have asked in subject of thread.
The circulation of money or currency in the market determines the price of that currency.
It is a fact that with the increase in trading with currency the price also begin to increase, and price will begin to fall with the decrease in trading with that currency.

Bitcoin is already a currency, it does not need to become one. You can buy and sell things with bitcoin and that is what a currency is for. Although now I think people use bitcoin as more of an investment than as a currency but that does not mean that bitcoin has stopped being a currency.

Gold can't be used as a currency but it still holds value. I don't think the two are mutually exclusive. Bitcoin is the first ever digitally scarce entity. I think its easy to imagine a new generation used to technology placing value on this. As for it being a currency well once the volatility stop why not

You mean like fiat? that lost its value because it can be changed. Fiat currency are mostly traded locally other than usd that is universal. But bitcoin is beyond and almost all country, so the chance of it being unusable as a payment is imaginary thinking or a total misconception of the extents this cryptocurrency usage worldwide.

So before opening our concerns in public, think twice as it reflects how our brain is made of.

Its really amazing and I wonder what a creation bitcoin was as a crypto currency is. Hats off to Legend Satoshi. A virtual item gaining its maket with its project and services. The project reached the people who were really looking for the same service bitcoin offered. Then the value started growing up and demand on bitcoin currency increased. As the demand increased, the virutual item turned into a currency which was in demand and increased its values. Project and the services they offered caused bitcoin become a currency. The journey between these had lots of pains though.

Think about it like this: when you are using euros or dollars in your country and you want to buy a pair of shoes do you check for the price of eur/usd? You don't, you don't give a shit because the currency you are using has an intrinsic value. That's what bitcoin would need, that level of adoption is insanely hard to ever be achieved, right now you can't just buy a pair of shoes with bitcoin without checking the price for btc/usd. Bitcoin itself does not have intrinsic value and perhaps never will, perhaps bitcoin or any other cryptocurrency will never take over fiat, perhaps the governments will have cryptocurrencies of their own, who knows.

A lot of people ask why bitcoin has any value. The reason is the same as why gold has value. Bitcoin is able to act as a payment system, worldwide. On top of that, it is decentralized, and there is no concern of bitcoin losing value because of monetary policies. People want to use bitcoin as a currency, because of the fact that bitcoin is decentralized, and is the first crypto with the greatest amount of trust. That's where BTC's value comes from.

I don't think that what you said was necessarily true, but it's the reason why merchants accepting BTC directly is good for the stability of BTC.

Once more merchants start accepting bitcoin as is, without any sort of system where the bitcoin is converted to USD before he receives the funds, the merchants goods are essentially going to be backing the BTC's value. And when more and more merchants do this, the value of BTC will naturally stabilize. But so far, we see that btc is still quite volatile due to speculators.

Well, it can't be the same reason and people ask that because bitcoin is not a physical thing, gold is. Gold has value because it has applications, real life physical applications, it can be used for jewelry but most importantly computers, electronics and even medicine.

The price of bitcoin fluctuates greatly, it is not suitable for payment, and there are too few merchants to accept it as a means of payment!

At present BTC does not have the property of money!

Maybe in the future the BTC will be the currency!

I believe that we owe the credit to the early adopters who have decided to use their Bitcoins as a payment instrument instead of just hodling. Bitcoin is a payment system at its core and we should use it in that way in the first place. Everything else is a secondary, the price will fluctuating as per the law of demand and supply but utility value will remain constant in the market. From this point, it is our responsibility to use it as a payment system instead of just speculating.

So that you mean if BTC less use to pay something, it just stop as an investment? Because I saw some people still feel that BTC has high risk to use as a money; it's so unstable.

Yes, gold is a kind of treasure, it has value because people are amaze when they see the sparkling brought by it. Like bitcoin it also have that kind of treasury thing because when you hold it for long term it could be sold at high value when time comes. And some company is now producing a bitcoin model coin so that it can be treasured.

I see at this time that many bitcoins are used for the payment of other virtual goods with fellow users of crypto, sometimes with their own friends like buying and selling transactions using crypto, and it is very easy in all affairs, good value beneficial to all users it is also very good for the future ahead, but I better collect all my bitcoin as a long-term investment until the extraordinary price in the future, because the payment can still use the fiat by transferring.

Bitcoin is not a real currency it is the virtual one. It is created by digitally and use by digitally. In my opinion it a currency because it doing all those things which are done with the help of real currency but in digital way. Many online merchants and business using Bitcoin as trading tool. They taking Bitcoin instead of real money from their customers. Bitcoin  is also use to pay monthly rents, EMIs, water and electricity bills etc. Bitcoin is also convert to any country currency like a real currency. And like this there are some other uses of Bitcoin is present which are comparable to real money  :)

Yes, Bitcoin became a currency because it can be used as a medium of exchange. It can be used for making payment to anyone in the world. This is perhaps one of the most important features of Bitcoin. People are ready to accept it as a means of payment because Bitcoin acts as a store of value and also because it is decentralized implying that it completes the transactions without involving any middle men. Currency is basically something which is widely accepted and has a store of value which bitcoin can certainly provide.

Bitcoin has a price, many people know about it and use it to make payments, so I believe that it can be called a currency. But due to the increase in the cost of transactions, it is more suitable for the purchase of expensive items, such as real estate and for making large transactions. In this role, he surpasses any bank transfers in terms of speed and price of money transfer.

An object to become a coin (similar), to add value to it has to accomplish a few points, for example people has to believe in it and to accept it as a way of payment and secondly it has to be present in exchanges so it can be trade it world wide and i think that bitcoin accomplished that to.

Bitcoin is a currency but a digital currency and is popular among both simple and digital currency in other worlds is an outshine currency among all the currencies in the market. For the use of payment system and transactions we use currency and the currency is said to be a currency.

Similarly, Bitcoin is a digital crypto currency and is using as payment as well as transaction system by the people all over the world due to its outputs and inputs.

The concept of bitcoin is like money in general, but bitcoin has a virtual characteristic. In fact, if we define 'currency' it depends on one's agreement. Just not bitcoin will be valuable, but whatever the goods if many people agree that the goods are valuable then we can call it a 'currency'.

But the difference now, bitcoin we can not specialize as a currency only. With the high bitcoin value, because the bitcoin price depends on demand, bitcoin can be referred to as an asset. Ordinary currency can only be used for a payment only, although there are used as a trading tool the income difference is very less different from bitcoin.

I think it is a means to get goods. But then again, initially to get a crypto currency you must actually buy it. So in a sencd it is backed up by real money. But as i see it, it becomes something more. It has a stock feel to it so you can trade it. I might be wrong since im new to this.

yes I agree with your opinion, everything you say agree with my thinking.
But in the future may be bitcoin will be a medium of exchange or a means of payment that is acknowledged by the world making it easier for everyone to make the payment system when outside the country, without having to exchange currency other countries as it is now.

Bitcoin becomes a currency by its name as a coin which is circulating in the internet as also a medium of exchange and are use and accepted by people worldwide but only it is circulating in the digital world that is why it is called digital currency.

It does not necessarily have to be backed up by real money in the main sense since bitcoin itself is a currency. The only limitation presently is the level of adoption which obviously is nothing much yet and that has made the idea of it being a speculative asset more paramount.

Bitcoin is a digital currency which can allow easy P2P transactions without any third party, and as adoption keeps increasing, and people seeing it more like a currency, we can all start easily transacting, collecting bitcoin for services and so on, without having to go through exchanges if that is what you are implying.

Obviously speaking, I define currency as a tool that is used in order to exchange products or services. Currency is a measurement of value of a certain object whether in means of quantity/quality. Currency is used to transact, exchange and pay. And bitcoin is under the currency. I describe bitcoin as a form of internet banks, a digital currency where we can store, transact or etc.

First bitcoin must be known by many people and accepted by many countries. If that happens then to make bitcoin as currency will be easy to realize.

Btc is not a known currency before, ita just used by few people for them selves as a currency on their group. But now as we can see, it is used now worldwide as a digital currency.

Digital cryptographic currency is the inevitable outcome of the trend of monetary development.

It is the natural evolution of the monetary system and the inevitable outcome of the global social and economic development.

A good bet is that the digital currency system is a powerful complement to the credit system, even a replacement.

Yes Bitcoin having a value because people using it for transaction, it become a currency because it is used to buy something in other word Bitcoin got the value because there are demands and supply, without it Bitcoin will become worthless, Bitcoin is an unique currency

Bitcoin is just created for the purpose of becoming a digital currency in which it will give us another option which one to be used in buying stuff and bill payments aside from having fiat money.  But then,  since bitcoin isn't accepted by some establishments and banned in other country, mostly people are considering it as a store of value and investment.

Bitcoin becomes a currency through its circulation in the digital world as digital currency and as medium of exchanges used and accepted by customers , the people , the investors and the different establishments through the inter connection, so bitcoin now is considered as currency but digitally.

Bitcoin becomes a currency the moment we use it as a payment.  It is a virtual currency wherein we could have transactions online such as buying some goods through the help of internet and in return we would be able to pay for it using virtual currency which is bitcoin.  Like the fiat money that we have where we could purchase items on hand we are using our physical currency,  same goes with bitcoin it is a digital money that we could use online.

Bitcoin becomes currency when it becomes more widely adopted. The reason most think of it more like stock than an actual currency is because the adoption of its use has been limited due to it being so early in its life. As long as people believe in it, buy it and hold it, work for it or trade it, it will continue to be worth something. Furthermore, it is a revolutionary technology, that just so happens to specialize in transaction. That gives it its inherent value as currency.

Bitcoin has value and it can be transacted to anywhere like the currency so it also can be called as currency and more precisely crypto currency.But we are not using bitcoin as a currency yet  and people only think bitcoin as an investment because of its speculation.

It doesn't matter whether bitcoin is a currency or not. What matters is what it solves and what it does.

But global decentralization is a real demand, and there will be a digital currency to do that, and I don't believe it's technically impossible.

Bitcoin is reach the all country people. It easy to use any where and exchange the bitcoin any country currency. But before buy and sell the coin check the price in the market place. Then get some ideas for the bitcoin price information. It future currency. So hold the coin long time. Wait for the price increase. If price will be increase sell the coin on time. It easy exchange Bitcoin for any country currency. But you know the process. Then exchange the bitcoin. If price will be low. Don't sell. If try to sell you get more loss. So wait and follow the bitcoin price list.

anything can become a currency,
people will demand for it and will have the value right?
bitcoin and cryptocurrency is just the same as FIAT before!
how can paper money be a currency too? we only have barter before they came.

Well for it is a currency but a digital one. It gain value in the market that is very essential for trading and investment. with the acquired popularity of bitcoin it is enough to attract investor to expand its existence in the market.

more and more people use bitcoin and also more and more stores accept bitcoin I think bitcoin can already be called as money that can be replaced for real money. this is great for payment preferences

Technically bitcoin is not a real currency and that is why it was called a virtual currency, it only become a currency because it is already used as a medium of exchange in monetary circulation like from BTC to USD or etc., and it can also used to purchase some goods and services because it have a digital value with corresponding different fiat currency in the whole world.

Anything can transition from being a commodity to being a currency, for example : If I manufactured toy cars and those cars were high in demand, then people would start to accept that as a payment option for their goods and services. The difference is that those toy cars are not recognized as a reserve currency, because it was not issued by a government. <According to the definition of a reserve currency>

Now, back to Bitcoin.. If enough people start exchanging bitcoins for other services and goods, then Bitcoin would be used as a payment/currency by a lot of people, but it will still not be a reserve currency. You have to see the difference and what has to happen for it to transition from a commodity to a mainstream currency and then later to a reserve currency, when politicians decide to re-define it as a official currency or even a reserve currency, when it replace their traditional fiat currency. <Only difference is, that the government will not be printing the new currency.>   

In the early days, there were indeed many game players buying props through websites using bitcoins. These game websites used this way to promote games. With the development of encrypted communities, I believe that in the future, bitcoin may have a lot of other roles in addition to the property of money, and there will be more projects using block chain technology. In the future, it is possible that bitcoin will be the basis for measuring these cooperation.

In the end, the government has the final say whether bitcoin will be a currency. We all believe that bitcoin will be put into more use in the future especially when it comes to digital transactions. Bitcoin is already considered as a good investment and in the future it will be a mainstream form of investment. Though we think like this for bitcoin, it will still have to be accepted by the government and we know how the they opposed the use of it. It is not going to be easy, bitcoin is going to face many challenges and issues before it became truly accepted.

Bitcoin is already a currency in digital form and even if it get accepted by the government, replacing fiat or paper money is still impossible because it cannot be printed.

Everything has its own strategy to start and get famous,youre questing why at first bitcoin uses for something because no one ever knows about it,so satoshi needs to create some ways to popularize the coin,and i guess its normal to do so,and cant you see whats the name behind this coin?CRYPTOCURRENCY wasnt that a currency!?

First of all, the value of bitcoin lies in its decentralization.
Also, bitcoin is already a currency, but for the majority (for me as well) it's basically a means for investments

People need to do more purchases with Bitcoin, less trading. Yesterday I placed an order for Nootropics and they gave 8% additional discount if you paid with Bitcoin. It makes sense as it goes instant and no fees for the credit card company, yet too few businesses offer that option.

The most important way we should do is to continuously use Bitcoin. That way we can see bitcoin being one of the most legally used currencies in many places. Support from us all is very meaningful and it has a very important role in the development of digital currencies, especially Bitcoin which is now one of the pioneers of the best digital currency buffer ever in the world.

In short its major purpose is to used as a mode of payment in a less hassle, more secured and less transaction issues. To trade secured and sure to anyone even you are not meet in person. But since world has change bitcoin can use in everything.

Yes bitcoin is a means of payment and if no one is using it is basically worthless (as a payment method)


I just want to add that a lot of people credit a good something called intrinsic value... this is a though popularized by Marxian economics. I would love people to read a bit more Menger and the Austrian view of value as a subjective determination which also is applied on money.

With that said the bitcoin is a currency based on trust just like any other currency, a trust that is subjective. A lot of people speculate in this currency but that does not mean it is not a medium of exchange as well.

I think it depends on the holder if they uses it as a currency or not.As an individual, I do use it when I want to buy something especially if the seller is also prone to bitcoins or mobile wallets.

Bitcoin is known as the most precious crypto currency when it starts  it started from nothing but  because of decentralized and P2P transaction people and investors patronizing that's  why  even if  it is just a virtual currencies but  still it becomes more popular.

From the time it was created, it was already a currency. I think the real reason why it is valuable is because it is decentralized and almost an anonymous way to transact it. People love the way it was built. No middleman, no hidden charges, and no government to stop your transfer. But it's volatility makes it not feasible in everyday payment because the price has increase dramatically and the system is getting clog which makes transaction fess high sometimes.

if it is getting its own regulation from the government which is already receiving bitcocin as a means of payment.

I am good and agree in your answer and nothing to argue with. It is true that bitcoin is a currency because it can buy any thing in this world but not at all right now but the assurance is in the next few years bitcoin will be popular in most of the countries and can be use as an alternative currency.

It is not yet announce to be one currency but it could be treated as money as like any other currency that can just buy products and service in faster way.

It is considered a currency when it was used as a form of money though in digital form. When people used it as a method to send and receive money online, when a country sees it as a valuable thing similar to fiat currency thus legalizing it, and last when it is used to by products online or offline.

You answered your question already mate.
YOu've already enumerated all the reasons why bitcoin became a currency. To add up, this has been originally made to become a digital currency. It just so happened that it's value had grown bigger that why this also became an investment asset.

It will be a currency, if the government want to accept it or not. If they try to shut it down, it will just go underground and people will trade with it on the Black markets/DarkNet. You cannot buy bitcoins and expect people to forget about it, once a government catch up and they decide to ban it.

Bitcoin is also borderless, so you can still use it in other Bitcoin friendly countries. ^smile^

Not sure about which is the goal of bitcoin. but in bitcoin there is so much difference to become a true currency for circulation in reality. Because, it is different from the characteristics and nature of the concept of currency. Supply, level of change in value. It is possible that bitcoin can self-adjust before and improve previous features. But I think it is not easy and maybe we will not wait for that.

The intrinsic value of bitcoin is that it is a better currency, and that is the ultimate reason why people are willing to buy it. However, there are many variables in the realization of this value, and people's understanding of this value is also very unclear, which is the root of the price inflation and collapse.

Bitcoin is already a currency, many merchants accept payment using bitcoin. this is enough proof that bitcoin is the digital currency. Crypto currency. Bitcoin can not be the currency of a country unless it has no currency, and recognizes and makes laws about the legality of bitcoin currency. Because bitcoin does not belong to 1 country, or a country.

it will never happen, Moreover, although the current price is skyrocketing, Bitcoin remains perceived as an unstable digital currency to be used as a means of payment.

you can say bitcoin money because it really is a financial source, bitcoin is a new hope for people who want to get rich because you can use it anytime and anywhere, you can also say that it is about money because so many people use it to accumulate and get big money and that's why the bit is called finances

For bitcoin to become a currency that needs a lot of extra things, in which the interest of investors is the greatest, many think Bitcoin has become a bubble in the past and the future it will continue that. Also, there are still restrictions on Bitcoin in many countries.

It's a very big story ;D ;D
Bitcoin is created to be act as a gold and currency. The first stage of bitcoin had  achieved. The number of investors in bitcoin is greater than Gold and silver. But to achieve this place ,Bitcoin had struggle a lot.But Bitcoin is on the top of the crypto currency table from the beginning.

Bitcoin become a currency when people started to use this medium of exchange for products and services offered.  In the initial stages it was worth less than a dollar as no one was aware of the new technology only the technocrats got in the bitcoin network, in US someone got pizza in exchange of bitcoins and thats how the real worth of  bitcoins started of as a currency. Many other online shopping, products and services were offered all around the world in exchange of bitcoins then more and more got into the bitcoin community making more demand for bitcoins and that caused for the soaring of bitcoins in the crypto currency market.

Yes, it's true that now bitcoin has more investors than gold. And this became one of the main reasons why bitcoin can be regarded as a currency. On its side are high price and investor interest - these factors help to push legislative regulation and stimulate the development of payment services based on crypto currency.

Originally bitcoin was conceived for use as a means of payment, as virtual money. Only after bitcoin began to grow very rapidly in price and there was a forecast that it could reach a rate of up to a million dollars, people began to buy and hold bitcoin in the hope that in the future it will have a very high cost and they will have a high profit. So practically bitcoin was used as a means of storing value. Due to the fact that it has become very rare to sell, it continues to increase in price. This is unlikely to be good for bitcoins and for crypto currency in general. It would be better if it was really used as a means of payment and only partially as a repository of value. In the current situation, bitcoin becomes quite risky for investment.

as we feel right now.
there are many new cryptocurrency projects that offer their respective advantages as well as the field of the company, so nowadays it is believed that a growing number of new coins that arrive with their own uses will have an impact on bitcoin purchases. and slowly bitcoin will become a public need as a substitute for money.

For now, things are not in that much favor of the bitcoin and rest of the crypto coins as they should be and that people are only treating bitcoin and the rest of the crypto currencies as mode of investing their money and that the proper use of bitcoin as money is not that much common. We can hope that people will be able to use it as money in the future but they need to wait for some time.

So practically bitcoin was used as a means of storing value. Due to the fact that it has become very rare to sell, it continues to increase in price. This is unlikely to be good for bitcoins and for crypto currency in general and so that's it no other than.bitcoin can make money  .that's why very nicely.

it is true that btc is inherently a means of payment, but for now I think to lose the function as a means of payment is not possible, because so many are using and trying to get it, the possibility of losing that function does exist, but not for the next few years, my opinion on this

Bitcoin was developed in 2009 but has gone through many periods of difficulty with virtual currency, many claims that Bitcoin is in the same position today thanks to the investment of significant financial distributors. Bitcoin is one of the fastest growing platforms.

Not a currency. I do not agree. because kedepanya if more and more users use bitcoin then it can be assured the price rises and this is different nature dengna money that increase and decrease not drastic or fluktuatif.

I can say bitcoin at present time is the fastest growing platforms indeed because we have notice many users has known bitcoin widely. Others define bitcoin as currency for some reasons, but time passed it has many usage. But no doubt bitcoin features is good that adopts by many people.

Bitcoin isn't a legal currency for now, and I just heard some news that they're stating that this bitcoin is a whole scam, wherein I dint wanna believe, really. For it has proofs. And so, maybe if people do really recognize the real service or importance of this bitcoin then maybe there has to be change in currency for now.

Not all Countries accept bitcoin as currency. Some people claim that bitcoin is a very dangerous currency. And this is very different from my thinking, I think that bitcoin provides great benefits and brings great changes in the world of economics.

The fact that we feel right now is bitcoin is already a currency, this is because almost all the functions of currency can be replaced bitcoin, the thing that is still a lack of bitcoin is not able to be used for transactions directly like cash.

Bitcoin is otherwise as digital money needs to be legal that means of payment
With the greater extensibility and programmability,bitcoin has the transactions in all forms
Secured and exchange the automation of commercial law and accounting.

Like what most post says, it doesnt have to a currency to succeed. It only has to hold the a certain value. That's basically why it's digital gold. The very reason why people arent using it as much as we'd want to is that it's too volatile. It's risky for both the company and the customers transacting in bitcoin. Plus not all companies are equipped to accept  it anyways.

Additionally in terms of inherent value. Its value comes from being a solution to a problem. As long as banks monopolize the financial institutions there will always be a place for bitcoin.

Yes, I agree with you, it has to be a popular currency to be valuable. Currently, it is just an investment medium.

It is a  major flaw in the current use of bitcoins. Currently, everyone is thinking about profit and thus no one thinks about how to sustain it forever as a currency.

Yes,  friend you are right bitcoin is already a currency. Because their are some people using bitcoin as their payment in any kind of transaction buying and trading, Especially when it comes to investment,

yes that is right but i think that  bitcoin is becoming more and more popular and therefore a time will come when bitcoin will become the primary currency for the people, so in such situation i can expect that those countries who have consider bitcoin as illegal in their country i can say that even they will turn bitcoin as legal currency.

It becomes a currency when people are starting to use it for exchange in goods and services. It is also use for trading and is accepted within the economy.

Bitcoin is used as a speculative tool. Therefore, it is useful for exchanges and brokers, as well as for market makers.

Bitcoin was created using Blockchain technology. Bitcoin is used for payments and other transactions and Cryptocurrency is what we call this currency that is used on the internet that uses Blockchain. It becomes a currency because it has a value that other depends on like the US Dollar that has became a basis of other countries for their currencies.

Currently, bitcoin is also considered a currency that attracts many people who want to own it. The value of bitcoin is calculated in dollars. But it is not considered as the official currency. Because many of the countryside where I live do not know anything about the existence of this currency. It is not used as a daily currency.

It became currency because basically, it's a digital currency that is used to pay for online goods and perhaps for services. Once you already have one, you can change it to fiat and from fiat, you can buy anything you want from goods to services as well.

it's so hard to understand and we don't know who is the real Satoshi nakamoto that create this coin.

We know that bitcoin is a first crypto currency that used a blockchain technology and it has a decentralized sysmtem of servers transaction so it can we used a modern way of payment. Since bitcoin in a virtual currency or digital money it means it has no real in physical we can't touch this because in used only through internet. But bitcoin in have a huge price o value that's why others that accept bitcoin are using this crypto currency for transactions such as any kinds of payment and sometimes bitcoin used to buy good and services. So probably bitcoin ca we considered as a currency.

At this very moment, most of the people who have bitcoins in their wallets are only treating it as an asset and that is because of the reason that the usage of the bitcoin as a money is not that much common because there are not much places which have started accepting bitcoin as mode of payment. However, there are likely chances that bitcoin will also be treated as money in near future.

We know that bitcoin is digital money or a virtual currency we used bitcoin as a mode of payment through virtually transaction. While the real currency (fiat) is using as a payment also but in real transactions not virtually  so difference between bitcoin and real money is on its physical features because. On tje other hand this two types og currency are also the same even bitcoin can we considered a currency because it could for our daily living.

Technically, bitcoin can be regarded as a currency but it has to conform with the requirements needed. In order for something to be a currency, it must be accepted by the government in terms of utilization, its value must be represented or backed up by something (like gold), all countries must embrace and follow its implementation, and it must not be limited.
Due to bitcoins nature being decentralized, some countries do not accept its existence. Its volatile nature also makes its price unstable, thus making it prone to inflation. I believe that bitcoin can be s currency once all countries are able to support and accept its system. But currently, it is something that holds significant value.

i think bitcoin become currency is because bitcoin has been centralized for years so why we questioned that. that is so obvious. even bitcoin are started in deepweb it doesnt matter cause many of us are helped by bitcoin . im so happy cause i have given a chance to become rich someday.

It first needs to go viral and massively adopted as a new asset class. Once this happens you will be able to spend BTC commercially on virtually everything. One of the companies that is going to help make Crypto mainstream with their Arbitrage exchange is this one, https://bitcointalk.org/index.php?topic=3085831.0

Yes that is right to say but i think that bitcoin was first create as currency, and currently people are using it as for investment and trading purposes, because most of the people in current time do not know about bitcoin and therefore they are not using bitcoin as currency, in fact all the facilities of bitcoin still are not available everywhere.

How does? Bitcoin become currency.  Because bitcoin  you can use it in online transactions  like buying items in online shop. And bitcoin is very useful  because easy transaction.

In opinion bitcoin is just an investment. Many stores and shops don't accept bitcoin as a payment because the fact that it's value is never stable and can go down to bits in any time will make it dangerous and can cause loss in economy of the shop. It is an investment for me because you get profit in a span of time which is waiting for the value to inflate and then selling it. Bitcoin will only become a currency once its value is stable and is in a steady state which makes it a currency.

Bitcoin is indeed a crypto currency that has the potential to continue to increase and many people want to own it so bitcoin is becoming more popular. Bitcoin is not just a currency, but bitcoin can be a good and profitable investment.

Bitcoin is not considered as a currency before because the value is very low but as the time goes by, the investors are started to get interested into cryptocurrency and that is the reason why bitcoins is very expensive today and most of the people are starting to invest and use just like the credits cards.

Bitcoin is considered as a currency because it has a value and you can use bitcoin as a payment of all your purchase through online and bitcoin can be converted as any currencies in different countries. With this you can consider this as a currency.

As someone saying before it was not considered as a currency? are you serious? because as far as i know since then bitcoin was made as a currency, and have you ever read about the traditional system of market or business? since then trading is one of them, and by any means, an exchange of a service or any goods are traded with something valuable. That is how buying and selling started but as of now it has been modified in addition of currencies.

What do you mean by worthless if value is loses?you have said that its inherently used for payments,then why is it you dont believe its currency?considering theres no bitcoin,what will you use for payments?its currency right?so if you use bitcoin to pay it then bitcoin is currency too?dont make this a big issue because as i see youre using bitcoin tp pay your transactions or billings too

BITCOIN  is a dogital asset design buy its inventor,satoshi nakamoto to work as a currency.

I think Bitcoin is already a currency, it does not need to become one. You can buy and sell things with bitcoin and that is what a currency is for. Bitcoin is payment system.

There are two sources of currency demand: transaction demand and investment demand.

Bitcoin (and other digital currencies) may be able to find a place in countries and financial systems where traditional monetary functions are not well implemented, providing a viable alternative currency.

Bitcoin is a digital currency and it is used for online payments to selected merchants who accepts it. It works like our local currency but it has no physical form, it only works on the computer over the internet. We can purchase items from abroad by paying through bitcoin without passing through any third party for approval, it is a direct transactions to anyone and it is cheap and fast.

Bitcoin becomes currency because it is now an accepted form of payment to dozens of countries around the world. It functions like our local currency but it doesn't have any physical form. It is a digital currency that functions only with the use of computers and internet.

The more people use bitcoin the bitcoin value will increase, and since bitcoin has value then bitcoin will be used to transact, and with it bitcoin can be called as currency.

The actual point is that bitcoin was created as a currency for online goods to buy and sale so it was already in the minds of all of its users that it is a currency and one day they will be able to buy things with this currency so people were in the struggle to start services with this currency and one day it became happen and people started to use it as a currency for their dealings.

Yeah, but in as much as we all know that for sure, how many people today really make use of it as a currency. I know there are some who do, but I feel we have not really gotten much to that stage where we get to start seeing real life usage, but it something we are approaching gradually.

A lot of people have turned it to being an asset more than a currency and waiting for the day it would hit that huge amount and by then, I am sure we should have hit some level of mainstream adoption driven by currency usage demand, so we just have to wait for it, but for the time being, I do not see it as it becoming worthless.

What ever made bitcoin as a payment method for online stuffs such as you have mentioned is the same that made bitcoin a currency, what is even a currency by the way a currency is any thing that is generally accepted as a means of payment for goods and services and that is the service bitcoin is offering us today. I don't believe bitcoin can ever lose it value because bitcoin is highly design to meet the transaction needs of the people.

I think that because bitcoin develops too fast that leads to the reason why most of countries are afraid of it, especially most of governments try to reject it, even they give too many methods to ban people from using. Evidently the supply and demand of bitcoin is getting increased every single day. Inherently it’s a currency because we can use it to buy goods or services in some places  but just not completely accepted worldwidely by the time. It will be more great if someday bitcoin can be accepted in most parts of world which provides us the chance to use it easily and worldwidely.

Bitcoin become a currency because we the member of the community believe it can serve as a mode of payment for goods and services and that is how bitcoin became a currency and it will continue to be so long we value it, but anybody may have a contrary opinion to this my view anyway.

As long as no country in this world will declare bitcoin as its official currency, bitcoin can not become a currency because currency means that it is in general accepted as a payment method within a country. And as you can see, until today this is nowhere the case and I can also inform you that I wait for the day when I can pay my rent with crypto currencies.

It does not take a country to declare that something is a currency before it becomes widely accepted, Bitcoin is and became a currency because people were willing to accept it as a mode of payment. One cannot deny that when the transaction fees went high it really hurt bitcoins a lot and maybe we are still experiencing the feedback.

initially, bitcoin was created as a protocol that can help peer to peer transactions and at very low cost. But currently, some have used bitcoin entirely in buying and selling transactions even though the fee is very high when unconfirmed transaction increases. This technology depends completely on its users, if its users leave it, bitcoin will become invaluable, but if its users continue to use it, its level can even increase to a currency.

things evolve and BTC is no exemption! it may be created as a sort of payment and to ease the burden of paying high transaction fee. but as time runs it is now widely use as a good way of investment. it was even compare to gold even though BTC has no physical representation, only digital numbers store on the web.. but it is now following the footstep of gold that fluctuates over the fiat currency.

It is a currency but it is understandable if some people do not consider it as a currency but look at it as more of an asset than a currency. I believe since we are still in the phase of early adoption, this is one of the things we are going to keep seeing.

Very few people today really transact with it to pay for goods and services but majority of people keep seeing it as an asset which has caused all the spikes we keep seeing today. In the case where we end up hitting mainstream and real life usage, I believe so many things will change.

The first requierment is for bitcoin to have such stable prices, that not become volatile anymore. When that does happend, many people would recognize this amazing bitcoin as payment system in many different merchant, country, or even become worldwide recognized payment system. For bitcoin to achieve that, kinda still long way to go, i guess.

Bitcoins value now comes from trading and is still viable as a currency aslong as people are willing to spend and receive bitcoin for transactions then by all rights it is a currency. We all suffer the same feeling when we spend bitcoin about its value going up but it is just something we have to live with the only sensible way to do it then is to replace anything spent so really we are only converting fiat to crypto to spend.

Bitcoin can still be used for the purposes you have stated as the past of Bitcoin. But as gradually as more and more people got aware about it and join this community its value started rising. This lead to the huge profits to the investors and they started mining it, trading it or holding it, etc. so Bitcoin became a store of value like Gold. But people should realize that the main purpose of Bitcoin was to ease the payment transactions.

The currency was introduced in 2009 and has evolved in a billion dollar market as crypto currencies are used for payment purpose in a country on low cost. Thus people started using it for currency exchange some buy it for selling to make huge money. Currency has taken many forms that what makes Bitcoin a currency what it does, not what it is. It’s meant to be a global currency which can be operated with out government’s instruction.

Bitcoin just become a currency as the time goes on because the demand in the market keeps on increasing and investors become attracted and now even the online stores are using cryptocurrency for their own business.

Bitcoin becomes a currency by its name as a coin which is circulating in the internet as also a medium of exchange and are use and accepted by people worldwide

Currently, I believe that the coin is being used as an investment asset only. Till the coin doesn't gain acceptance throughout the financial market, it can't be used as a currency.
Also, the main objective of the coin was to bring forth a decentralised mainstream currency which is not bound to any rules and regulations and the coin will achieve that only when gains some stability. The coin at present is too volatile to be a mainstream currency. The coin has the potential to be one, but until it gets accepted worldwide and becomes stable, it will not be able to achieve its goal.

Bitcoin becomes a currency when people treat it like a currency. People treat it like a currency when it loses the volatility and maintains a stable value. The problem is nobody wants it to be a currency. They want it to be a speculative vehicle that could make them rich. That's not what a currency does. A currency has a stable value and functions as an exchange of value, it doesn't itself create value. But everyone chasing lambo dreams are expecting it to create value. That's why it will never be anything more than a speculative tool until people change their expectations of what Bitcoin is for. At this point, I have my doubts it's even possible. People don't want stability. They want it to make them rich.

Bitcoin is a currency, yes, but it just started to be popular in 2017. It all just started, we need to wait for Bitcoin to become real currency in real world. It will happen when common people start perceive Bitcoin just like a dollar or euro, but better, stronger.

I think All this leads to bitcoin business which includes mining, borrowing, bitcoin harvesting and more. Over time, everyone forgets that it is a currency and not a kind of coin in which you can hold value as we do in gold. Anyhow that is what it is now and we have to accept it.
it's weird but the main principle of bitcoin is using it as currency and mode of payment. The system should remain that way, peer to peer transactions and with security interruptions, lower transaction time (upto the minute) and no minimum limit on how much to send or receive. However, over time, the user base grew and mining operations expanded until unlimited resources and technology increased rapidly.

I agree.Bitcoin is really gaining its popularity as more years passed by.It is considered an online currency because it is just being used as a payment system in some online transactions but not totally used in the real world since it is not yet adopted unlike fiat currency that is already being used by all people in different countries.

So far, most of the people are only treating bitcoin as either an asset or a way of investing their money and that the usage of bitcoin as a currency is not that much common. However, bitcoin has a strong potential of becoming a currency and that it will soon become currency as there are places which have started accepting bitcoin and that this trend will keep on rising higher in the future.

Bitcoin is one of these currency, we can liken it to gold. It's great value when you get a bitcoin. So what we need to do is to work hard for us here ..

I completely agree to you but people are not understanding this. They are only after returns instead of using it as currency.

Bitcoin is like store of value and its more like gold in real world. If bitcoin used for payment, bitcoin only have 21million supply and its too little if used for payment. Some peoples using bitcoin for payment because bitcoin is cryptocurrency and can be used for payment and an assets

Bitcoin is also a currency through using new technology method which is VIRTUAL CURRENCY using COMPUTER and any GADGETS, this is not physical currency like fiat money but for making transaction it is also same as Fiat money you can pay it any time anywhere you want. Within a few minutes processing has been made that's the a good value of bitcoin. same process to fiat money but more upgraded actually.

There are some limitation which stop bitcoins from being used as a currency. For instance, the transactions are not instant and it is a big limitation in my opinion. 

Bitcoin on-chain transactions are not instant but that's why we have Lightning Network which allows for instant and extremely cheap payments. It is not perfect solution, you have to know how to use it at this moment because there are not many users there. However we are on a good way to make Bitcoin more popular.

Bitcoin can be used as method of payment but altcoins are coming out to provide a different service as well which is reducing the market for bitcoin payments. For a private and anonymous transaction they will use one of the privacy coins instead, or for games using a gaming altcoin.

I don't deny that there are some limitations that bitcoin is facing at the moment but from my point of view, I don't suppose that transactions speed is one of them. Maybe it's not that immediate but it's still faster and easier to make transaction with bitcoin than the traditional ways. I think that what prevents bitcoin from being entirely a currency is that many countries are still having misleading thoughts about bitcoin and some even ban it. I hope that one day the governments would change their minds and bitcoin would eventually become an international currency.

Different people have different rays about bitcoins. Some consider them as coins and some consider them as currency. I consider them better source of earning money for medium level people. We can’t just live a healthy life over salaried job because expenses are much more than our salary. So almost everyone here wants some other source of income and bitcoins are the best.

Bitcoin becomes a currency when you use bitcoin to do payments instead of the fiat money or the regular currency that we have and currently been using for day to day basis. Bitcoin is a really great cryptocurrency and back in the old days, it is the first option to make payments online in the deepweb because of its features but now since there is a lot of privacy coins, bitcoin is just serve as a store of value or an investment.

We have seen a lot of improvement in the world of the crypto currencies and that all the crypto coins especially bitcoin have started making much better reputation amongst the investors and that because of which, the demand of the crypto coins is also increasing at a significant rate.

Bitcoin will become a currency and that there are likely chances that people will start using like the way they use their normal regular currency.

For bitcoin to become a currency, bitcoin should first be recognized
The second law that is bitcoin can be printed in paper money want to get this bitcoin is needed at the transaction point to exchange as ATM card now and that is a long process.

I do agree that for bitcoin to be a currency, it needs to be recognised legalised by all of the governments but I don't get it why it needs to be printed into sheets of paper like fiat money. The nature of bitcoin is digitalisation, which is supported by blockchain technology, and this is also what differ bitcoin and cryptocurrencies from other types of currency. So if we turn bitcoin into something that we can physically take hold of, we eliminate the real meaning of bitcoin and it will become just like fiat money.

The Bitcoin is a currency as we can use it as payment method and using as transaction to others which is in our benefit. Its use makes it a currency and we need it for our transactions and other money related payments.

We use this fast transaction method which is frictionless and your receiver will receive the amount instantly if he is wherever on the earth. Governments are now in this to count it as an asset so they may be able to get taxes over it but it is a currency.

Yeah, I think everyone knows that bitcoin will lose its value if no one will use it - basic concept of demand and supply, which is quite not possible at the moment as a lot of people believe in it unless maybe something wild happens to bring to its downfall.
I do agree to everything you said, bitcoin was introduced to be a currency.

bitcoin can be a currency because bitcoin has a very high demand that makes bitcoin has a price and bitcoin can be money because bitcoin can be used to do payment when you buy something.

because bitcoin was accepted by many people/community to be use as a medium of transaction.
and as far as i hear from my friend long time ago  they use bitcoin to buy Pizza.
and Deepweb uses bitcoin for some Transaction and

The currency of Fiat is mostly traded locally besides the universal usd. But bitcoin is outside and almost all countries, so the opportunity can not be used because payment is a fantasy or total misunderstanding about the use of cryptocurrency worldwide.

BTC can be used to exchange the low value of virtual goods, such as buying websites or game points, virtual goods, etc., After that, some people to get these virtual goods, the goods may be in the online auction of its own reality for BTC, which others want to buy real goods, but there is no BTC in hand, and then use real money to exchange BTC, as a result, BTC starts flowing, and has a "value".

Bitcoin was created as currency when it was created by satoshi nakamoto,but it had value when people starts using it continiously and all the products in the world have the value by its demand and supply.

Bitcoin is a crypto currency, its been used by investors thru trading, and the new comer in the crypto currency market. the growing acceptance on Bitcoin as one of the top coin posted on the market, indicates that they been following,investing on Bitcoin, i am looking forward that Bitcoin will be use as a mainstream currency in the future replacing FIAT money.

I's clear that Bitcoins have no intrinsic value because it's a digital currency. But since they were introduced to the world in 2009 by unknown inventor Satoshi Nakamot ..IT has turned into a billion-dollar market and have been designated a currency by the U.S. government... this is what i know about BTC

First of all, i dont think bitcoin is a currency. It was just named "e-currency" because it is used online to pay products that is direct payment to the merchant without using any third party (in short, convenience). Something is instill in my mind that bitcoin has no real value at all, it just a representation of money. And this idea have a point. It is just very popular that people think its really have a value. So i guess the questions is kinda no answer as to my insight.

The main thing preventing Bitcoin from being a currency is that nobody wants it to be a currency. All the people buying it are doing so in hopes of it making them rich, not maintaining a stable value which is the most important element a currency needs to possess to have any utility at all. People can't transact in Bitcoin easily without taking on a lot of risk of the value of the instrument rapidly depreciating. If you're a business, your profit margin can be entirely eaten away by the wild price swings, which would make it impossible to continue operating your business. Bitcoin is a very poor option as far as currencies go for this reason.

Bitcoin become currency because there are still other current popular uses types of money like  DOLLAR, EURO an some other money from different country compared the value of bitcoin. So there will have comparison with the price, like Stock exchange movable price value  exchanges to dollar.   but if only Bitcoin operating in this world and no other comparison with other money, we could say that's only  "PRICE VALUE" not currency.

i never think that bitcoin can be as currency.it complicated and there will much prevention action from goverment about it.but it more rasional if accepted as global payment system like paypal or visa.

Bitcoin was never a currency to begin with. We used is to exchange for the real money because it has value.

maybe you mean how to convert bitcoin into conventional currency or convert bitcoin into our own currency depends us silent in which country if that is what you mean you can search in some currency exchange market and see whether your country currency exists or not if there is a means can if not mean can not.

some users really love bitcoinyou know. so they make a speculate too much about bitcoin. I do not think bitcoin will be the currency that a country will uses because that must be impossible to happen but bitcoin will only become a popular payment option in some countries.

so many restriction from goverments about bitcoin function as payment system.so many conflict interest while so many people in the world to accept bitcoin as global payment system.especially from speculator.

Bitcoin is no doubt a currency and an international one because so many people across Europe and America have been using the technology for international transaction and for transferring of funds. Also it has been accepted by some pf the top companies and how beautiful would it be if Atlas starts accepting it as well. You might be able to buy your dream car with your Bitcoin.

Well, it seems to me that is a Yes, All of money even if its digital money, virtual money, physical money and fiat is exist because people used it as payment for their goods or items , Bitcoin become currency because its used as a payment mode. It is also a currency used in the internet world as stated above it is use by the gamers to buy their item and buying in many websites. Bitcoin is also transferable and now it can exchange in many kinds of fiat. I think it become a currency because money people are using bitcoin, they also mined it, and they invest in bitcoin.

bitcoin can be a currency because bitcoin has a demand and because bitcoin has a buyer, when bitcoin does not have a buyer then bitcoin will not likely have a sale price.

bitcoin can be a currency because I think it's from the influence of very high demand that will make bitcoin to have a price and become very expensive. bitcoin is also very difficult to obtain.

For bitcoin to become a currency, at least bitcoin will be well received and accepted for trading, for example, if you want to buy vegetables in the market, then the store must accept the bitcoin transaction so new bitcoin become currency

The arrival of Bitcoin market a chaos in the market and the coin and the technology was greatly criticized in the start but as it expanded despite the hurdles, it was accepted and people started to study and know about the services the technology is offering. Also A lot of people started investing in the technology and this lead to the general acceptability of the technology as well. In this way Bitcoin became a currency.

Bitcoin became a crypto currency because we the people in the crypto community attached value to Bitcoin and that how it become an accepted crypto currency worldwide in recent time. Although many people are still yet to believe in Bitcoin and crypto currency in general.

It will not become a currency if the current situation continues. Big players need to understand the depth of this problem.

It is reality in this period of time for crypto to be used of every part in people's life, technologies of exchange go on every day

Get cash wallet into real money without connecting to the government of any country is impossible. Maybe in the future you can buy some goods without touching county taxes. But it is unbelievable

Bitcoin is an easy way of sending money around the world within seconds while the banking system is not frictionless like the Bitcoin as here you click the button and there the amount is received. Banking has holidays and some technical problems some times while internet is always active and we can transact through it in Bitcoins which is necessary and we use it as a currency.

If we say this thing that bitcoin is the advanced form and the modern form of the currency, then this will not be wrong as bitcoin is just like any other regular currency but having some different characteristics. Most of the people are still treating bitcoin as a mode of investment and the reason behind it is that it helps them in having more earning and that the government has still not declare it as a legal currency.

Three basic features of money:

Value scale: the price of bitcoin fluctuates greatly and is not appropriate

Payment: too few businesses accept bitcoin

Store value means: the broad masses do not have enough recognition

Therefore, at this stage, bitcoin is not suitable for use as money.

I think bitcoin become a currency because of the people behind its success, and it is the most used currency in this forum and even in the market.

The price of BTC is still not stable enough. The main role of currency is the value scale. This is the main reason why BTC is difficult to become a currency!
Moreover, there are too few BTC merchants, and BTC has a small distribution area!

Bitcoin become a currency because there are different people who are using it for their online transactions like amazon is allowing cryptocurrency to be used in order to buy products in their store and that is when cryptocurrency started to become a normal currency like fiat.

bitcoin can be a currency because bitcoin has a very high demand that makes bitcoin has a price and bitcoin can be money because bitcoin can be used to do payment when you buy something.

Way back thousands of years ago, like Spanish era, barter trade is a common thing everytime there is new galleon or trading ship. And bitcoin was originally created like what you have stated. But now, bitcoin becomes popular when it is being used as currency as payment in cryptoworld.

You can see that with the great utility and utility of bitcoin, bitcoin is being recognized by many countries as a currency and for legal circulation. There are also countries that are indirectly recognizing the laws of electronic money and bitcoin, suggesting that a society is progressing and developing.

yes you are right, cryptocurrency has been recognized because most of the people are interested on investing in it and the price grow even more so large companies like amazon became interested on cryptocurrency and started to accept bitcoins on their own online store which leads bitcoin to become a normal digital currency.

I think bitcoin not only has value because bitcoin can also be used as a payment method. Bitcoin will be the currency if bitcoin is more stable.

With the inclusion of lightening network, the way for Bitcoin becoming a currency have become more easy. With more lightening nodes, we will see a significant drop in fees and a decrease in tx time. This will help in smooth tx with low fees and hence, merchants can easily accept Bitcoin as a means of payment. Moreover, with a such low fees, Bitcoin saves a lot in remittance fees and is a fastest way for country to country transactions. Many people argue that Bitcoin doesn't have any intrinsic value and is a bubble, but so does fiat. Bitcoin can gain utility as a currency and will be adopted by many in future.

Stability is very important for a currency to have a strong economy.
Bitcoin however is very volatile. For it to become a currency, it will have to gain some stability in the coming time. Also, as the coin is banned in some countries, the coin has to gain complete acceptance in the financial market to head towards being a mainstream currency.

Recognition is not what store of value means. It has to do with stability of price and being able to have the confidence that it will be the same or very roughly the same years from now as it was when you bought it. Without the stable store of value, it's useless as a currency because it allows for no economic confidence in savings and no ability to plan long term because you don't know what the value of your wealth is going to be. Constantly appreciating value is as much of an economic problem as a constantly depreciating value because it discourages economic activity (spending) which results in lower overall economic activity and a poorer overall economy.

And what about common money? They also exist and used as a method of payment, and nothing more. Maybe I just don't get the point, can you please explain more precisely what you're trying find out?

Bitcoin actually developed as a currency, a digital currency. The difference is the other currencies has its physical form like fiat but there are both made as a mode of payment.

Well to some extent both of them are same but if we look a the benefit than bitcoin has more benefits  than fiat, as we can invest our money in bitcoin t make it more than double and we can also use it as payment resource, buy some bitcoin right now so later on you will get it as double but having fiat saved for years to years will give you nothing as profit, so buy some bitcoin instead of saving your fiat at home or bank, so bitcoin is the currency now almost everywhere in the world bitcoin is really acceptable.

bitcoin serves as a store of value,it derives its value from the what the community of user rates it to be,by way of trade,unlike fiats whose value are set by government without anything backing it.

Bitcoin has gone beyond what we call currency. As at now, it can only be used as a virtual asset for investment. It is too volatile to be called a currency just like the fiat. Adopting bitcoin as a means of exchange will make you run a lost when ever the price goes down

If I have my own method to teach bitcoin to beginners, namely: by presenting it using PowerPoint, the explanation should be informative and efficient and accompanied by practice. After the presentation is over I will give the bitcoin materials to the beginners so they will relearn.

Due to bitcoins usefulness it has been made a currency. Without its utility bitcoin will be useless. No matter what history it holds in the past, it would still be the same useless coin had it happened that people didn't value or use it.

I am fan not an expert in this area, but for me it's logic that bitcoin needs to be regulated for being more stable, then it needs to became a worthy payment method, and only after those steps it can became a currency like we had a dollar right now.

For the most part, they are exchanged for dollars or other currencies at exchanges like Mt. Gox in Japan. PrivCo estimates that 80 percent of bitcoins are turned into U.S. dollars. And 20 percent are held in inventory by processors and recirculated as bitcoins. The processors charge a fee like brokers to buy and sell bitcoins on the speculative marketplace, which fluctuates wildly at times.

I think bitcoin now..are use as payment in some other country's that accept bitcoin as legal. So for me bitcoin is already accepted also as a new currency because many big industries and company are using also bitcoin as their payment of their transaction made.

Yes many countries are already accept this currency as use  payment and that's why many shops and other buying areas bitcoin use in payment and they are really happy because bitcoin is provide them best benefits but most of countries are not accept this currency and they didn't know it will give them a lot loses and that's why their people are face many difficulties about bitcoin, so they are hopping their government will accept very soon.

From my understanding bitcoin got innovated as a technology based asset to make advancements to the banking community fulfilling certain elements that were a big task on a banking system. At the beginning it simply started as a token with small value and the same further kept its usage diversified over various sectors. At some point people started giving importance similar to currency as the value peaked. Later it became an investment that could give a profit which we cannot get anywhere else.

For a bitcoin to become a currency, it must be accepted by all governments where the bitcoin is circulated and there must be a law that specifies bitcoin so that bitcoin can operate legally and conveniently.

As I mentioned alread, people need to do more purchases with Bitcoin, less trading. Yesterday I bought something online and they gave additional discount if you paid with Bitcoin.

Pundi X is working on a device that also enable a retail store to accept Crypto (several coins are supported, not only Bitcoin but Stellar, Wan and others). I am certain if this takes off the market will explode.

I think that in order for bitcoin to become a currency, people have to manage it. Bitcoin is taxable. Transactions in bitcoin must identify who performs.

i think the key is the role of government. if many countries legalize it, i think it could be a currency. but i think there are still many problems to get there. because the government has not found a policy about it

bitcoin can be a currency because bitcoins have value from buyers and sellers and from the difficulty of getting bitcoin so many people buy and no one sells it at cheap prices so bitcoin can have a sell value and can be a currency.

Well I don’t know much about this person and his statement but as long as I understood the point, common money or fiat that we are using right now in the world wouldn’t be seized to death even when this bitcoin cover up the whole world. Things take time and this will take too and very long time to make a system where fiat and crypto both exists with harmony and peace.

The fiat money will stay to what they are right now and they will just evolved and i agree that it will not be seized because fiat money is supported by the government which government is the strongest type of organization since they are the one who are leading and regulating the country based on their orders.

Bitcoin is the future of cryptocurrency. I do believe in the world is to give up. Cause bitcoin is our cryptocurrencies cause a good job, but we are respectable with cryptocurrency and especially in the right direction. Cause bitcoin are not a new cryptocurrency that they belong in the right

Telling honestly I don't think that Bitcoin really become a currency in the nearest future. It became high liquid and rentable asset for golding but not currency because of high fees for transfer through blockchain and low speed of transfer.

I think bitcoin is not a currency yet and moreover bitcoin is still in lot of controversy because of its investment use only so the journey is quite very very difficult in becoming a currency, we all know that bitcoin is very very profitable in terms of investment and no doubt bitcoin is inherently valuable as a means of payment and moreover in therms of investment but bitcoin will be declared as a currency only when it will get centralised and get legalised world wide globally.

Yes, you are right because nowadays you can buy some stuff using bitcoin or any crypto currency , but i think the OP want to say is how bitcoin become a fiat currency. Anyways, bitcoin is a digital currency that we can use to store, transact, exchange and pay, etc.

The majority of stores have to start accepting it. And people have to start using it as a payment. Like the guy who bought two pies of pizza's for 10,000 Bitcoins.  :'(

Bitcoins is not a currency before but as the time goes by there are a lot of people who are using bitcoins in their daily needs and there are also online stores who are accepting cryptocurrency then eventually bitcoins has been recognized as a currency.

bitcoin should be more stable. although not worth the investment, bitcoin has to play a major role in inflation and deflation that has a major impact on economic growth.

Ok, at first bitcoin is valuable because the technology ledger that is very effective and efficient to become a means of payment (transaction), then demand on bitcoin is increasing from year to year, as market demand rises then the value also rises, in fact it is as you say in the beginning , but if we look at the fact now that bitcoin is not desirable for payments because of the high fees and now bitcoins into assets that make the value there.

Perhaps the role of government is in need to make bitcoin can be made as currency in the future because to the automatic inauguration of the residents do not become afraid when investing and make bitcoin as a means of payment of various online businesses.

In order for bitcoin to become a currency, there must be an acceptance of the bank's government and the protection of state law, and a mechanism for bitcoin to operate and develop as a currency.

In my opinion the first step to bitcoin to became a Hershey is to became an alternative payment method because in my opinion also none of the countries would allow bitcoin to became a main one from the beginning.

This is not a question and Bitcoin is not a real currency, it is just for making payments peer-to-peer. If you read about it you must have known that it was made for the purpose of sending and receiving money online. So anyone that defines it in a way different from that is telling you lies.

Although really changed due to the value of Bitcoin that kept increasing due to demands for it, and now most people come with the purpose of HODL till the price goes up so they can make profit.

I think bitcoin has failed with its main vision to be the world's currency, just imagine where maybe 21.000.000 bitcoin is shared for the whole world.
but now bitcoin has been a successful investment tool, and I think it goes beyond the previous bitcoin goals.

Bitcoin is as of now a money, it doesn't have to end up one. You can purchase and offer things with bitcoin and that is the thing that a money is for. Albeit now I think individuals utilize bitcoin as a greater amount of a venture than as a money however that does not imply that bitcoin has quit being a cash.

Bitcoin can use as payment of online market. The process of transaction is being done using BTC. It also has value for different prices.

So, I would say that Bitcoin is a currency.

I do not think that these requirements are necessary for bitcoin to become a currency. Bitcoin is created as an online currency and we are already using it as a currency for purchasing different things. I think that the most important is that bitcoin users should be increase so that they can give more support to bitcoin.

i don't know the answer based on my understanding bitcoin become of digital currency because we cannot touch it but we can swap it in money using the blockchain and you can also use buy item's in the website using bitcoin but it depends if they want to use bitcoin it's look like money and took like a card.

In my opinion fastest way to bitcoin to become a currency as well I would be able to become that in the developing countries all around the world, when it would be accepted on government or level to use bitcoin as a payment method.

The currency means if someone can exchange it and it should have value,I think the bitcoin satisfy this requirement so this can be called as a currency too.But until now the bitcoin acceptance as currency is vey rarw we are just using it for the trading of the rypto currencies soon might be the world will adopt to the system where bitcoin will be the main currency.

pretty simple, after ico probably. Will you invest in ICO this summer guys? Have you heard about Kelvin Blockchain? I'm willing to invest into it, kindly waiting for your feedback.

It is on the people  how they are going to use bitcoin as a currency if people will gonna use this as such for the payment for their bills etc and will  use to remit money to their loved ones then bitcoin will be considered as a currency but nowadays I think that many people are using this as a way of investment rather than currency.

Precisely. Where it goes next is in the hands of the people who use it. I think that the speculative bubble made it an attractive investment for most people (for a certain amount of time) but now that things have settled a bit, and the dust has cleared, we're starting to see that it has more potential than just a speculative roller-coaster. I try to use it myself for daily payments, and I hope others do too, so it can gain trust as a method of exchange. People are still uncertain but we should just keep using it safely to build up confidence.

When whole of the world and all the people start using bitcoin without any restrictions or difficulty.In order to become a currency bitcoin needs to be accepted internationally,transactions should be done through bitcoin,central banks and governments should support bitcoin,traders should trade bitcoin,payment of bills by bitcoin etc.People should be able to exchange bitcoin with fiat currency.The blockchain technology should be made simpler even for an illiterate person.

To be an actual currency it needs to be widely accepted by governments. Since it's decentralized I don't think it will ever be accepted as a currency. However becoming a means of value and payment instrument is definitely the shape it's taking. Companies like ours however create protocols to make bitcoin used as a currency in every day commerce.

I think so too
Bitcoin has innovated as an asset based on the most advanced technology.
First it simply begins as a token with a small value and further keeps it usefully varied in different fields.
At first it was just normal parameters it increased later and its value to the community its profit margin was quite high.

bitcoin in my opinion is not as currency but bitcoin is more as a promising investment than gold, besides bitcoin can also be converted to local currency. and after that bitcoin can be used for transactions to buy our needs. So my conclusion is bitcoin can be labeled as currency but indirectly

For a bitcoin to become a currency, it is possible for the person who made it to become a currency that can not be controlled by the bank. In other words, this currency can pay for any item

The role of the government of different countries is something which will play vital role in helping and promoting of the different crypto currencies and that I am very much sure that if things keep on happening in the similar way, then there will come a time when we will be experiencing these crypto currencies taking lead over the regular currencies which are there in this world.

Yeah this can be considered as currently because it is being used in garment shops and food restaurants etc. people are now using them for making their lives easier. They are enchain their living standard from this crypto world. So yeah we can call them as currency. It is more than a source of income now as well. They are being used for making good earning source.

I think that bitcoin can only become a commodity for exchanging between USD and altcoin and not be able to monetize, you can see that the amount of bitcoin in the world is very limited and if inflation happens we can not Any more bitcoin will be printed and this will gradually lead to social sluggishness and can not develop.

Tôi nghĩ rằng bitcoin để trở thành tiền tệ là không thể xảy ra, bạn có thể thấy rằng bitcoin đang liên tục biến đổi động và điều chỉnh cực mạnh, bitcoin giá trị bất ổn là bitcoin không được kiểm soát any any country, you can see that the field is currently continued the dynamic variable and adjust the very strong, bitcoin bitcoin is not enough to be become to currency.

The real value of a currency is found in its purchasing power. I mean, a currency is considered as such if it is used and mutually accepted by the parties involved that it is what it is, a form of payment. You may get what you want in exchange for it and the seller will also give you what you want in exchange for it. That makes a currency a currency. And Bitcoin is clearly functioning as such. Therefore, I conclude that Bitcoin is a form of currency.

Currency in the history is to be believe anything that people can use to pay in exchange with service and goods as what Bitcoin can do today.. So it is consider to be a currency between users.

Well in my own opinion how does bitcoin become currency. Its  digital money in a way sometimes bitcoin use in online payments to make the transaction easier and so We can call bitcoin become currency.

For now, people are taking this bitcoin as a great opportunity to invest their money and that bitcoin is helping them in having a huge profit too but this does not mean that bitcoin cannot be a currency as it has all the characteristics of becoming a currency and that things will get in favour of the bitcoin in future as the governments are planning to legalize these currencies.

Of course in the beginning it is used to buy online product and its value was low but at present it is the most valuable currency on the whole world. Nowadays it is used for online payment, paying the online bills and buy different software, games, webdesigns and websites. It has become so popular that people are using it instead of money and it is called a digital currency.

Initially, bitcoin was not so popular and its value was insignificant but it was treated as a currency to buy online stuff and services. Over the years, bitcoin has gained more trust and popularity and the price of bitcoin has gone from nearly nothing to thousands of dollars' worth nowadays and people have started to use it as an investment rather than a currency. It is still used for online transactions but it seem to be that people are more interested in the profit they could earned from bitcoin investment than in its advantages in online shopping.

Well, I consider Bitcoin will become currency in time i used bitcoin to online payment and other online transactions. We can also convert bitcoin to a currency of our country. Therefore, bitcoin can be currency but it is indirect not like the transaction we used in our current currency.

In my own opinion, bitcoins is just an asset before and as the time goes by there are more people who become interested on cryptocurrency and now it was recognized as a currency because there are online stores who are accepting a crypto payment method.

for now as far as I can see it is used rather as an asset. To become a currency the most important thing first of all is the price stability, with those volatile prices the usage as a form of payment is very hard.

people say bitcoin as currency because bitcoin is the currency in digital and we can use it to buy something and have value so bitcoin can be said as digital currency

You are close but that is not exactly right, why gold was the most widely used form of money through the world? Because it has the best characteristics to become a currency, bitcoin was designed specifically to be an even better form of money than gold and that is why since the beginning it had some value, but bitcoin is also a network and the bigger the network the bigger the value of it, this is why the price of bitcoin keeps increasing despite the fact that bitcoin is not widely used as a currency.

Bitcoin has become a currency thanks to our support. With our us, bitcoin can barely be known by the people. We are the ones who use bitcoin as a currency which attract other people to the boat. And year after year, bitcoin has turned itself into a kind of currency.

I am convinced that bitcoin can not be a currency, it should be attributed to crypto assets, which can be compared to an asset of gold or silver. Bitcoin is an asset that is also mined by machine as gold. Bitcoin cannot be a payment for bread or milk. Bitcoin is an asset that helps to save and multiply money.

Before ,bitcoin does not have value, but when it was introduced by Satoshi Nakamoto, it turned into a billion-dollar market.What it does that makes aot a currency not what it is.

Of course this is a difficult thing, to become a currency or international currencies, of course there are many things that must be resolved, complaints from hundreds of thousands of users who are transacting and unconfirmed to be things that cannot be denied anymore.

Bitcoin is a currency because it can perform every normal function of a currency like the fiats. It can be used as a medium of exchange for goods and services.

I prefer and agree if bitcoin does not become my currency prefer it as an investment commodity like gold / silver but in digital form, and I think if bitcoin remains an investment commodity it will be very good for economic development in all countries because it will not exist FIAT currency is replaced by bitcoin

bitcoin will continue to occupy more solid positions as a supranational currency. On its side are high price and investor interest - these factors help to push legislative regulation and stimulate the development of payment services based on cryptocurrency. Bitcoin ia able to turn become a full currency, depends on when it starts accepting retail and how widely national laws will allow to implement it.
But for now, I think,  bitcoin more tech then currency.

For this bitcoin should be accepted all over the world.Transactions should be done by bitcoin internationally.Bitcoin should be known to each and every person on the earth.Bitcoin should come under the central banks and should become stable as it is very volatile and decentralised.Bitcoin is spreading its roots in the market slowly and is doing well as it is gaining a lot of users and investors day by day but still it has to go a long way in order to become a currency.

Bitcoin is a currency but for now, it is the advanced form of the currency which is known as the crypto currency or digital currency. The ones who are having this currency in their wallets can use it but still, the usage of the bitcoin is not that much common like that of the regular currencies. It has to take the legal permission from the government and that it should be acceptable at all the places to grade it as a currency.

To become a currency, Bitcoin needs an investment boost. It should be used in the
Big deal to become more reputable and known, of course, is legitimate deals. As a result, bitcoin may appear in everyday purchases in a variety of forms. When it was so widely used, it became a currency.

Well I would say that among many properties of a currency, liquidity and general acceptability are the two properties that are counted a lot. Since Bitcoin has a high liquidity and it had been accepted by many countries and companies and shopping malls around the world, it means it is widely acceptable and these properties of Bitcoin makes it a currency.

The fact that Bitcoin has been accepted by many countries is like saying it has been given a legal trend by those governments. It is used both as asset and as a currency.

of course because bitcoin has a high price and requires many people to make cryptocurrency a payment tool on the internet. well, btc has a new symbol, so many say that money on the internet is bitcoin. but, you are right, nowadays bitcoin is very much used as an investment tool because of its high price.

To me bitcoin is from the very beginning created as a currency and from where beginning people are using it for online shopping, now even in some places like Brazil and Japan people even use bitcoin for shopping in their offline shops, because they have declared bitcoin as a legal currency and therefore their offline shops are also accepting bitcoin for shopping there.

Cryptocurrencies are known as digital currency which can do more for you more than the work you do with fiat currency. It gained more strength and potential with the passage of time from its beginning till this time it has proven itself. Bitcoin and other crypto coins provide us as benefited sources through which we can make huge profit and also we use it as payment mode so it is more than currency for us with better value.

Bitcoin is more of an asset, but it is also considered a currency in an electronic form. You can use it yo purchase goods in services. Some shops in other country already accept btc as a mode of payment, but most people convert it to fiat especially when its price has a high equivalent value on fiat then use it to purchase anything they want.

Link Bitcoin prices to gold at a fixed rate. This requires a consensus within the Bitcoin community, as well as the need for a donor willing to create a physical gold market according to the agreed value in Bitcoin.
This gold-backed Bitcoin can become a reserve currency

Bitcoin needs a strong push to invest in it to make it more stable. It gives the credibility of ensuring that users use it as a commodity trading tool because they know it is worth it and that value is widely acknowledged. From there they will use it more in transactions, paying the fees. Thus bitcoin will be considered as a currency.

Although Bitcoin may be considered an asset, but Bitcoin does not have the basic characteristics necessary to become a currency that can meet the needs of modern economic development. This takes a very long time.

Yes, bitcoin can be use to buy some commodities directly from bitcoin wallet or through converted into local money  and with that reason the bitcoin is considered as an electronic money even though its not theoritically a real currency but it has a digital value that have corresponding equivalent to US dollar and I think its deserving to be called a currency.

Yes i do agree on that, bitcoins will be legalized in other countries as well in the future and there are more people who will be capable of investing into cryptocurrency which means that the price of bitcoins will grow even more in the future.

The Bitcoin can become a currency because of it's  ability to become used for everyday purchases and the high volatility of cryptocurrencies which means that it's value fluctuates much quicker than other traditional, more stable currencies.

As a norm, if something is accepted or back by a legal tender to be used as a medium of exchange, it becomes a currency. So for bitcoin to become a currency, it must be signed by some legal bodies and it would be used by those in that jurisdiction because the whole world is not ruled by one person or body. To be accepted worldwide, the different regulatory bodies must come together and sign it.

Bitcoin has become a currency because it can be used for exchange of goods and services.

In my own opinion, bitcoins just become a currency because the popularity already spread on the entire world and a lot of people are using cryptocurrency which makes the bitcoins to be recognized.

Initially evolved as a token that has got certain storage value. This got its major use on gambling which is quite easy compared to the fiat. As each and every activity got associated with internet the use of internet money got its importance in online gambling. This got further spreading as its usage kept on increasing, and finally got used as a currency for regular transaction needs. One that has made this happen is the blockchain technology which is to contribute big to the development.

To me bitcoin is more valuable than fiats or bank notes, you can use same argument of intrinsic value for both, bank notes are colorfully printed stamps on paper with nothing t support it other than by a decree.bitcoin is mined, some computing power is expended at least

First of all it seems logic that bitcoin should be more stable priced in order to become a currency because it would be otherwise really hard to use it when it will have so volatile price, my country is already have a jumping good price.

People can help btc now become their payment and investment. so bitcoin requests must always be in a crypto. from there that makes crypto a digital payment facility. In addition to being easy and simple, crypto also gives a very very small fee. so it is good for small or large nominal payments, and all is done in real time.

You do not understand anything, gold and silver are a form of money and for thousands of years were the dominant form of money through the world, most people have no historic memory but this experiment in which all the currencies of the world are not backed by anything and are just a fiat currency has only existed since the seventies, that is right, this experiment has been live for a very short amount of time and it is already showing signs that it will fail.

We need to try bitcoin as an alternative payment method and only then after successful start of this, we can call it a currency. Because not using the coins as a payment method after all could not be better.

Bitcoin is a currency from the day first it has been created. In fact in current time in most places people do not have the facilities to use bitcoin as currency therefore they are mostly use it for trading and investment purposes. But I think that in near future when they will have the facilities to use bitcoin as currency they will surely start using bitcoin as currency.

Maybe you're not aware but bitcoin is already a currencies.  You might think that bitcoin can only use in investment and holding for long term but let me aware you that we can not only invest but we can buy things from it.

I do not think that bitcoi is now a currency, I consider it an asset that can be compared to gold or silver. I think, because of its weak payment capacity per minute, the price for processing the payment and much more. I would bet on bitcoin cash, which can become the first currency of bitcoin.

Bitcoins is an asset before but as soon as the market price of cryptocurrency rise up then now it was considered as currency which some online stores are accepting crypto as a payment method.

But I think that bitcoin is both a currency as well as assets. We can see that from the very beginning people are using bitcoin for online shopping, even now the use bitcoin is possible in offline shops, in some modern cities, people are even using bitcoin for shopping in their local shops. Therefore we can consider bitcoin both online currency as well as assets.

I think the fact that we feel right now is Bitcoin is already a currency, this is because almost all the functions of currency can be replaced equal bitcoin, the thing that is still a lack of bitcoin is not able to be used for transactions directly like cash.

Bitcoin is an electronic cash so it is form currency. Which can be use for transaction as a mode of payment. Buying some stuff or for paying bills. In other word btc is a currency.

only through a bank that has been determined for a solid payment even though the current price of gas is high and maybe this is the right time we should not use the things that are not important. :)

How is that a pretty broad issue, so join the BTC for speculation about not being too fancy about them, forever forever becoming common currency.

I agree. It's onset and invention was geared to have an alternative or another option so-to-speak to pay for good and services. Although it has long since evolved into other users such as a means of investments, it can still be considered a currency because it possesses value in order to be used as how money is used at its most basic way. Having said, that characteristic makes it a currency together with its other uses.

Bitcoin is a currency, because it can be readily transferred from one person to another, for something else. But for Bitcoin to become a mainstream currency it needs to be stable and not so volatile. A merchant can't sell you something for $100 worth of Bitcoin and then have that value go down to $70. For it to become a mainstream currency it would probably need to be adopted by a government, backed by them, and that could give it some stability. But what strong government is going to do that, especially when in the beginning is not going to be stable. Will probably see it pump Bitcoin to astronomical levels, only to have it crash hard, hurting the country.

Yes you are right, now a days bitcoins is already considered as a currency but specifically as a digital money since there are online stores like amazon who are accepting cryptocurrency payment method.

Bitcoin is no exactly a currency, yes it has a value but the government doesn't accept it as one of the currency, it is a digital money and will soon be accepted by the people in the world, Bitcoin is preparing itself to be a currency some day and when that happens, It will be the users and the holders will have the smile on their ace and says It succeeds.

In my opinion in order to become a currency bitcoin needs to get some stability more than it gets right now, because having all those things like in 2017 just imagine how would you react if bread in the store will cost 10 times more than it cost yesterday.

Bitcoin is something that holds significant value. It is created by digital and used by digital. It can be convert to any country currency like a real currency. Because of this, using the real currency from the convertion of digital currency to real currency, we can now used it to buy, invest, saved etc. depends on the person who is holding it.

In my opinion, if bitcoin wants to be money. Bitcoin must develop and all countries in the world must accept bitcoin, especially the government that must accept bitcoin.

In the case of Bitcoin, this condition can be measured by the growth of users, sellers, and initial users. Like other currencies, the value of bitcoin comes only from people who want to accept it as a payment instrument.

only through a bank that will go through the best transfer such as BRI and it is very long to wait for a suitable sale and purchase in the free market nobody will know unless the person who transfers it needs a lot of gas and a good start from the beginners according to the plan .

It can also exist as a store of value -- kind of like gold. Gold is impossible to use when it comes to buying small items like a pack of gum, but it can be used to make "paper money" that is backed by gold. So, bitcoin can be digital gold that is used to "back" other currencies, even dollars!

I know there's no physically use of bitcoin its internet currencies so we can only order items online.I believe people are using bitcoin as a currencies or online payment more than investing.

Bitcoin is already a currency, as they can make completely real transactions, such as buying a house, paying bills, etc.

This needs more time to show that it has a strong community value. Of course, what can become a currency only appears in the future. At present, not yet, because many other reasons are still not resolved.

The real purpose I guess why bitcoin has created because of a digital money or a virtual currency, an alternative for our fiat money. But because bitcoin is getting more valuable year after year, the people make bitcoin as an asset and instead of using it for buying goods and payment purposes, most are keeping it in their wallet as an investment waiting to gain more profit before selling it. But to some, they are merely using bitcoin as a digital money for buying and paying reasons.

Yes of course all currency before started to be a exchange and it started to be a currency because of people who used it as a payment in their online transacrions that would be easy to them to pay anything online. And also they make it as a investments to offer in any company that they wanted to invest with it.

I think Bitcoin is considerable as currency because Bitcoin is a flexible crypto which allow everybody to used it as medium of payment and transactions which a lot better than the usual and I think we can consider Bitcoij as currency in such that it acts like one , it has the fundamentals of currency that we have taraditionally like depreciation and fluctuation it just that in crypto it rapidly occur.

The evolution of bitcoin become know when investors sees the potential of bitcoin as a form of investment. This draw so many people to engage to cryptocurrency as a result many altcoin were created to compete the success of bitcoin. Payment method is rare today, some establishment is do not accept crypto for the exchange of their product because of volatility.

Bitcoin is the currency because transactions are the same as currencies. Even bitcoin is easier to use for transactions between countries than currencies in my country. I think sooner or later bitcoin will be increasingly popular and used by many people.

I can say that bitcoin is currency because it can used in transactions. Not exactly currency but a digital currency, in some country they considered bitcoin as part of their currency because you can transact with others using bitcoin.

bitcoin becomes a currency if it already has the value used for buying and selling transactions and for now in the digital world, if bitcoin has no demand, of course this will turn bitcoin into no value and far from the currency

Bitcoin has a cost, numerous individuals think about it and utilize it to make installments, so I trust that it very well may be known as a money. Be that as it may, because of the expansion in the expense of exchanges, it is more reasonable for the buy of costly things, for example, land and for making extensive exchanges. In this job, he outperforms any bank moves as far as speed and cost of cash exchange.

That true to an extent but you have to realize that the value of a crypto currency doesn't necessarily just lie on its purchasing power. Because if it is true them Ethereum will reign supreme because we use it all the time but it is not. What i believe the value of crypto currency lies in is the price people are willing to buy it.

I think bitcoin become a currency in sense of digital because it is being used for online transactions all though out the world.

so far I've only seen a few crypto actually used for payments in online gambling. indeed functional enough to improve its function, but crypto is good to be used to buy legal goods.

but in fact many people still have difficulty using bitcoin as payment? because of the limited number of merchants who accept bitcoin. but bitcoin is still valuable? the value of bitcoin is maintained? in my opinion the value of bitcoin is not determined by the function of the currency but from another thing also, bitcoin will become a currency if there is a seller who accept it...

in my opinion it's quite complicated if bitcoin is used as a currency, because I need facilities and resources that support everything from infrastructure to users who fully understand how to trade using bitcoin, besides the government must also be able to provide clear and wise regulations so that all transactions can run smoothly without any party being harmed

Just if we use crypto for a transaction so it is a currency that we can use as medium of exchange and now crypto is using instead of pay pal and many of the world big payments are possible now because of bitcoin and bitcoin is a currency we have used it for payments we have bought online stuff and many websites i have bought for others are through bitcoin So it is a currency.

Yes, but we can also use crypto for buying a product in the online store, and I think in the country which crypto is accepted, we can also buy something in real life. Maybe we need to wait until the government can approve the crypto to use as a currency, so we don't have to worry if we want to use to buy something. I hope that in the future, bitcoin and local fiat can walk together in the economy of each country so the crypto can be used in all country.

Bitcoin is already a currency but is only in binary form. It uses blockchain to make transactions online especially in online payment system. So instead of using fiat currency, bitcoin is the best alternative currency for it.

If bitcoin is not a currency, why some merchants in different country they accepted bitcoin as their mode of payment also crypto/altcoins, like fast food, restaurant, and more, then some also accepted it in online shop such Amazon, then why Japan, Korea make bitcoin became regulated and legalized it. Therefore, on this way it shows it has potentials and capacity to become like that in the near future.

It has a point. A fiat is called currency because it is inskde the market, or it is what helps the economy to run. But if we see through those products we can comprehend that bitcoin also performs this kind of things. With this we can say that bitcoin is a currency, eventhough it is used as an investment.

In my perception, bitcoin is a currency in a form of digital and it was obvious. This cryptocurrency is really profitable interms of Investment in long term method, but this is also the most risky Investment among some other form of Investment.

Bitcoin can't become a currency. Bitcoin is independent and is called cryptocurrency. Monetary is only an intermediary in Bitcoin trading.

  I think if bitcoin is not used to pay then people will not want to use it anymore. Because people use btc for the purpose of the transaction does not take a quick pay without getting back to work. So bitcoin should be considered a currency rather than a valuable commodity like gold and silver because its nature from the beginning is different from them

bitcoin has become a currency but only digital currency and cannot be a real currency, because bitcoin has been created into a digital currency that cannot be made real

bitcoin never be real currency replace fiat.but it could as alternative digital currency replace paypal or others.and also when its lightning network already fully implemented maybe it could replace banking sytem too.

I think, Bitcoin currently is best used as an investment asset and not as a means of payment as the coin is currently not completely accepted in the financial market. However, due to its volatile nature, the coin is a great asset as it has helped earn great profit returns in a short period of time.
Although, the coin is a good means for making transactions throughout the world, the coin's speed of transactions has fallen in comparison to other coins.
The coin can replace fiat but it will take the coin a few years to do so.

I think that now bitcoin is valued as a good investment. But at the same time, more and more organizations are beginning to accept bitcoin as a means of payment for their goods and services.

It is clear to everyone that Bitcoin is using as a mode of exchange and for friction-less transaction besides these services and benefits we are using it as investment source of expecting huge returns. We have been experiencing its investments and profits since 9 years and this will also help you out unless and until you start with it. Now, you will have no doubt over the Bitcoin as a currency or an investment source.

Bitcoin is now a digital currency, because it can be used to pay for anything in the world as long as the company is in a country that accepts bitcoin. So the transaction system is online and peer to peer so it is not tracked by third parties, such as government and banks.

Yes i agree with this besides bitcoin is already use as a payment form but it is something to be used on decentralized projects also like investing in an ICO projects. Others like in some of the establishments had accepted bitcoin already and had made a successful transaction with it.

If you are talking about the global currency, yes Bitcoin can no doubt become the global currency. It is just not one right now because not every country accepts and uses Bitcoin.

actually it is not difficult if the state and government legalize or formalize the crypto currency as the applicable currency of course the crypto currency can be like a currency that can do transactions like the prevailing currency

Bitcoin is a virtual currency and it doesn’t belong to any country. A lot of people are confused on whether Bitcoin is a currency, an asset or a collectible. But if you ask me, I will say that Bitcoin is just an asset.

Yes you can also use it as a means of receiving payments but still that doesn’t make it a currency, it remains what it is. Bitcoin is unstable and the one thing people need from a currency is for it to be a stable store of value, and Bitcoin does not offer that, neither does other cryptocurrencies.

before becoming a currency, I think bitcoin must be accepted in all countries first, and secondly, bitcoin must have a stable value, because I feel that when bitcoin prices are unstable, most people will only view bitcoin as an investment tool, not a currency

if government already regulated bitcoin , i think its price could be stabel.even rise and make new high again.investors confidence and comfortable if bitcoin already regulated.

Bitcoin cannot be a currency, it is just a digital currency. In fact, to become a currency, it is still very small now. When the price of Bitcoin exceeds 200,000 US dollars, it may become a currency. But it is very difficult. It may never be possible.

It is indeed exist because it is used for transactions online like betting sites. Now it is also used as the basis for exchanging in different coins that emerged in the market. The value of Bitcoin exist through the continues patronage of people to it's usage.

I know that Bitcoin is currently used as a buying and selling transaction, but not as a currency.
Example: like gold sold only makes money.
Bitcoin is also the same as the principle of selling gold and making money, so if Bitcoin is made into a transaction money I think it is rather difficult because all countries have their own currency. if my opinion is correct what I understand from the topic.

Generally they call it crypto-currency but it is also regarded as an asset. A store of value, commodity with value but since you defined currency as a mean of payment and that is why it is called currency, bitcoin qualifies for this title. Bitcoin is used as a mean of payment not in all but there are several stores/market and companies that accept bitcoin as a mean of payment. Recently I’ve just read a post that gave 15 of those.

I agree. The only thing is is missing is that the legitimacy of bitcoin. The government acceptance is what it needs in order for it to be used all over the world. It really matters but then bitcoin can work even without the government approval and it is very functional, effective and efficient.

I think the government must approve it, if the government does not agree with bitcoin and crypto then how can bitcoin become a world currency. and don't spread hoaxes that aren't right about bitcoin.

Well it depends. Although you can't buy a service or a product with crypto currency, it is still valuable in a sense that you can exchange it for Fiat that could be exchanged for goods and services. Therefore it would still hold value because it could stil be exchanged into something of worth. Then again, different people percieve worth.

Most of people commonly use bitcoin as investment which they know that it will give profit. But, we want to use bitcoin as currency it need to undergo in government which they will implemented it as currency. We all know some government allow bitcoin as currency but somehow we can't say that bitcoin will really become a legal currency.

There are some countries that support big about Bitcoin and some countries really hate the existence of virtual money so it should be very far to illustrate if Bitcoin becomes a true currency.

lucky for those who legalize are developed countries, so many other countries depend on it. i hope that with more developed countries legalizing, hopes will come true

but it's not that easy to legalize bitcoin and make it a country's currency for progress. Bitcoin is a digital currency and if it is used as a currency by a country I think it is impossible even though Bitcoin is illegal in many countries but we can still use it.

Bitcoin is a transaction that occurs digitally on the internet, so it must be exchanged first in place to exchange bitcoin into fiat money, so that it can be used to buy any goods and services. This happens in a country that prohibits the use of bitcoin for payments. If it occurs in a country that legalizes bitcoin, transactions can occur directly from the transfer of the sender's wallet to the recipient's wallet.

Bitcoin become currency because bitcoin is now available for any transaction.Its a good currency especially when the price is increase.lt will give us more comfortable for any payments.

There are some place where bitcoin is accepted as a payment option but it does not reach wide enough yet.
I saw steam was accepting bitcoin before and i think it could be a very big opportunity for bitcoin but now its not accepted anymore. Does anyone know why? That is a very unfortunate thing.