Bitcoin Forum

Btc is not money stop following your country rules and regulations u cant regulate something what doesnt exist.
Btc are digital the money is only when you sell or buy if fiat transactions involved then we talk about this fiat transactions and its no matter for what those transactions was.
Btc is just in the computer some digits and its not money neither stable coins not money.

Crypto is not money the money start with fiat currency.

If you have crypto 50$ and give to someone then he give u fiat then if its conducted by bank transaction then there is no need to mention even crypto becouse it could be same as you give someone money or you receive.

Yes there is some rules and regulations but its all nonsense.

Btc and crypto not MONEY its a private thing and everybody should deal with crypto same as they go to toilet nobody dont talk loud what they do in toilet so you should t share info of ur crypto either becouse its even dont existing in real life nowhere.

Yes there is laws and regulations but its all nonsense bs yes you have to follow this just keep your mind its all bs

Yes, Bitcoin is a digital asset just like a comment, domain name, picture, etc.

It's just code or encrypted text. What you pay to own a piece of the blockchain is pure speculation.

Trying to put all your points together, I just understand you are trying to talk about BTC Bitcoin as not being money.

  First let's understand what money is, "A currency maintained by a state or other entity which can guarantee its value". Everyone who is using money understands that it is a hard cash or could be call bank notes.
 Talking about Bitcoin not being money, am on the opinion that everyone who owns Bitcoin or decides to invest in Bitcoin is already awear that Bitcoin is not bank notes called money.
Someone said that Bitcoin was designed as a means of  transferring digital cash in a decentralized manner.

Having $50 in your wallet is already a fiat crypto, is either you are converting to hard currency (bank notes) or converting to a Decentralised asset like Bitcoin.

According to the Bitcoin protocol, the establishment of this project was not to compensate for money in its current form, but rather, as Satoshi expressed it, it is an electronic cash system.
So It's not money ! Btc is not money.
It should take a long time for everybody to understand the combination in bitcoin. Bitcoin is a currency with all the characteristics of a currency and a way of payment at the same time. But it's not money in the way as we know it.

bitcoin 2009-~2014 was considered as just a product/good in digital form.
much like trading call of duty assault rifles did not apply to the regulations of the ATF(alcohol, tobacco, firearms)

but in about 2014, many countries declared bitcoin a currency. and many people congratulated that as being a sign of mainstreaming bitcoin... the negative effect of this declaration is that currency rules then applied.

yep we are no longer in the era of 2009-14 where bitcoin was treated much like pokemon trading cards.
exchanges pre 2014 were treated not as MSB(money service businesses) but instead treated like trading card swap tools or auction houses.

The statement btc is not money is not right, so far as am concerning what ever that can be use to make payment or in any medium of exchange can be refer to as money, bt is a digital currency which is publicly accepted irrespective of government policy. they can't control it because its not physical cash, neither do they know any entity which is responsible. BTC is 100% money to me

Bitcoin have got multiple usage. One among them is the usage as money. Just there happens a transfer of value, people find it to be money. Different people have got difference of opinion. OP have a different way of thinking and understanding about bitcoin. It have evolved from a valueless token to a valuable coin.

bitcoin is currency. and although government cannot control peoples use of the blockchain transactions. because everyone has their own wallet. and mining asics are distributed too that a governmetn cant just unilaterally shut down mining blocks of transactions by removing all hashpower at once..

however users that use SERVICES (custodians/exchanges) are controlled by those services and those services are regulated by governments to follow certain rules

so just watch out when using services. because your control and freedom is lost when using services.

Your context is a bit confusing to read or understand, but surely you are trying to say that bitcoin transactions are anonymous and that unless you use any of the existing electronic means, you leave information personal, then you start leaving a trace, that's fine and you also have to add all the characteristics that exist associated with bitcoin that in effect make it an alternative to money, then at a certain moment you want it or not it's money, it has value and you can change it as much for its Fiat peer as for any other asset.

It's not money, it's money. Everyone understands this. A simple way to look at it depends on how one perceives the field. In terms of finance, technology, and many other things related to it, they are all interrelated.
So I understand BTC is BTC, but don't want to add any other thoughts to consider that it should be. Maybe we'll find its place, but I think that should only be considered a small part of the benefits or risks of the features it offers.

The distinction between BTC and money is quite clear. Paper money is a means of exchange for either products or services, the same as BTC. While paper money is real, offline, with a country's signature as a distinguishing feature, BTC however, is more or less like imaginary money that happens to exist in an online space with an address. It is not limited or claimed by specific countries. Anyone with access to digital technology can outright make transactions with monies or BTC, so long it is valid in consent. Our old parents used other means of exchange like the cowries for trading, an upgrade was paper money. The future is already happening because the latest upgrade for exchange universally considered is BTC. 

If someone thinks that bitcoin = money, you must be sure that he don't understand bitcoin correctly. Bitcoin has different usage. These people see Bitcoin as a way to transfer money. In the end, they think Bitcoin is a worthless token.
PayPal is a better option for these people. (if they are just looking for a hassle-free transfer)

I am wondering why we call Bitcoin cryptocurrency.  And yet not consider it as money anyway this is to show the difference between money and currency

https://i.imgur.com/rPE0KzJ.png (https://www.wallstreetmojo.com/money-vs-currency/)

'''''''''''''''''''''''''''''''''''''''''' Cryptocurrency Same but online Cryptocurrency is an intangible concept Cryptocurrency takes the form of codes Cryptocurrency is backed by market demands Bitcoin, Ethereum, Litecoin etc. Can be transferred online

Now, given with the infographic difference between currency and money what category do you think BTC fall in??  

Aside from the given infographic do you think BTC meets these characteristics of money?
durability
portability
divisibility
uniformity
limited supply
and acceptability

or these properties of money?
Medium of Exchange
Unit of Account
Store of value.

I think depends on the answer, people will have a variation of answer to whether Bitcoin is money or not.

Bitcoin can be called, all in one. It is an investment, a store of assets and a method of payment, it can be said that Bitcoin is the collection of things that we humans need for today. What Bitcoin is will depend on the purpose of each person's use, you use it to pay for an item, it is also considered a currency, a digital currency, if you use bitcoin to store assets, it is considered a digital store...Bitcoin is very convenient and has many different uses.

BTC is money. It's what anyone could conclude when it's accepted by a merchant in exchange for the goods. Whether you treat it as an investment asset of a digital currency, it's Money. There is no point in making people believe it's not because we are all witnessing it happen that even governments today are adopting it as money.

At last, someone who refutes the topic in the OP (everyone else is just rambling about the differences between BTC and paper money).

---

It is foolhardy to think that BTC is not money at this point, because everyone is using it that way. End of story.

It doesn't matter how similar/dissimilar it is to existing currencies, the fact that people are using it that way makes it a medium of payment.

Bitcoin is used for payment and used as a medium of exchange, hence bitcoin IS money.

That was funny.

Even funnier than the one above since bank transactions are also digital so you claim they also don't exist :D

You are right, atlcoins are not money. They are pump and dump schemes.

Actually, gold was once used as "money" especially with 'trading' of 'goods' between different countries or places, but I'm not quite sure if it is still being used at the present. Money is indeed different because it is centralized or simply, it is under a government or 'system' which is primarily for transactions. Bitcoin technically is not money if we would base on the characteristics of a fiat or typical currency. I do consider it more of an asset which I can trade to buy things.  The only reason I guess why cryptos are related to currencies or money is because of its value which is still based with fiat.

Bitcoin is calculated on the basis of money and I think that will be the case for a long time to come. Look at gold, it has been much longer than Bitcoin and it is still calculated in € and $ today. As long as there is fiat, all other values will be based on it. But I also believe that Fiat will not last 20 years like it does today. Inflation is a big problem and it can no longer be solved by raising interest rates or printing new money.

Cyber crimes are not crimes. Stop trying to prosecute people for them because you can't prosecute something that doesn't exist.

On a more serious note, you can't touch or smell this forum, but it still exists. You can't see radiation, but it can still kills you if there's too much of it, and Google Pay is just digital nothingness on a screen, but it can pay for your groceries.
People can use Bitcoin to buy things directly, just not as much as some would want. Also, try coming to Ukraine with dollars and paying with them for anything. You won't be able to because dollars aren't accepted, you'd need to exchange them for local fiat to actually use as money. Same thing will happen in the majority of the world. So what, dollar isn't real now either?

When we're talking about money/currency Bitcoin is no different from them but it's just in a digital form instead of physically available where someone could hold, smell, or touch it.

Did you know that when there was no money people tend to swap things or animals to trade for food? So, basically everything could be a currency it just depends on how people are going to use it. Since now we are in a modern technology era digital is already a thing and Bitcoin being made digitally is the greatest innovation that Satoshi did made.

Money has three properties, two of them are met by Bitcoin, the medium of exchange, and the unit of account.  The other one, which is being a store of value has been debated due to Bitcoin's high volatility and financial authority refuted Bitcoin as a good store of value.  With that, since financial authorities acknowledge Bitcoin as a store of value even if it is categorized as poor/bad, Bitcoin meets the three properties of money thus I can say Bitcoin is money.

I have no idea what I just read. Can't say if it's nonsense or just troling. Why would crypto be a private thing? Are you mad that people are talking so the government steps in and asks for their share? Yeah, that sucks, but that dosen't mean that people should just keep everything in the dark and under the blankets. I mean, what's the point of crypto? It's revolutionising financing, and that can't be done by keeping everything hush hush so that the man dosen't come after us.

Many people count bitcoin as money because they can buy stuff with bitcoin and many places accept bitcoin as a payment system also since bitcoin is a cryptocurrency this can be counted as a currency while I personally do not count bitcoin as a money and in my own idea bitcoin is an asset which is different from a currency according to many factors, also you cannot call everything money just because you can buy stuff with it because that's not a valid reason for it. Being fiat or not fiat Bitcoin is an asset, not a currency

It is up to individuals who use or thinking of getting acquainted with bitcoin to decide how to approach it, what to consider it, and how to call it in order to best explain it to others or comprehend it for themselves. Some individuals would argue that calling bitcoin money is like putting the cart before the horse because bitcoin is, in fact, used only by a small fraction of people and that a minority calls something money doesn't automatically make it so for everyone else. What if I merely disagree with you that bitcoin is money and refuse to accept it in exchange for goods or services? Will you try to convince me aggressively at gunpoint that bitcoin is real money? Even if you made me take bitcoin as money, it would be a temporary success because really good money doesn't need aggressive promoters with guns to impose usage, and I would conclude that bitcoin is terrible and should be resisted. What if I tell you that bitcoin is not money but a protocol to transfer messages and keep them unchangeable?

It is

I actually wanted to complain about what you said, but saw some of your previous posts so I'm against it. Don't ask the reason why because you already know the answer :D
When saying btc is not a currency it is possible in this case you have your own statement but when you look at the moment when you say digital currency it is clear that everything refers to btc in the beginning and that is a fact regardless of what you say I think by saying "Cryptocurrency" alone is already sounds clear what is btc.

Let see the lay-man definition of money. Money is a Currency which is used to buy and sell goods and services either online or and physical cash. Now bitcoin is an online payment system which is used to buy and sell directly whatever thing you need in the internet. Many users in this forum have testified that they have used bitcoin to buy things directly in the shops,  markets and p2p.
Therefore, anyone says that bitcoin is not a Currency (money) and you are in this forum, you are deceiving yourself and also the person doesn't really understand bitcoin. The person needs extra moral class. As it said by other users here and me again, bitcoin is a full time money that is used digitally only as for now. That's why there are Bitcoin ATM machines in some the major cities in the world.

What you are understanding wrong is that it is the same for every currency. A currency is universal, its value is determined by what you get in exchange for it. If I can buy a car for 20.000 Euro than I can set a value for Euros. The Euro bill is just a paper. Same is for the bitcoin. If I can get a car for 1 Bitcoin than that is its value. The Bitcoin itself is just a number in a Bitcoin wallet.

325btc is not intelligent.  Stop reading their posts and put them on ignore.



Yes, there are lots of posts by 325btc, but they're all nonsense.



Every post 325btc has ever made belongs in a toilet.  They shouldn't talk at all.  Ever.

If BTC isn't a money, no one ever need to spend $24K to bought one Bitcoin.

To be specific, Bitcoins can be considered as a digital asset .
Many also use Bitcoins as a form of payment, but again this varies from users to user and depends on them.
Many consider Bitcoins as an asset for which they like to hold it for as long as they can, so here the OPs thought has been considered.
I too agree that BTC is not money, as it’s a value able asset which is limited in supply. So if you gather and store a large amount and sell it in a later period of time, then definitely you will make tons of profits.

Lol what are you babbling on about? Your English is very poor first off so most of what you’ve written doesn’t make sense. But who are you to say it’s not money? None of your analogies make any sense. Money is what the people say it is, and bitcoin works as a means of transacting payments just like any other money.

Practically Bitcoin is a combination of codes that have deplu3d into the Blockchain. We all know why Satoshi create Bitcoin as peer-to-peer electronic cash. Yea to make it borderless send/receive money without third-party involvement. If you compare it with fiat then it's not money. But its digital currency exists only virtually. Since we can exchange it and buy goods with Bitcoin then we have to admit it's a currency thought digital. No matter what our centralized government says. They won't allow it to use like fiat.

in my country it is forbidden to consider bitcoin as a currency and I must obey the law, bitcoin can only be used as a digital asset, but bitcoin can also be used as a means of payment such as buying a domain and hosting, I usually use bitcoin to buy a domain and hosting , you are right for now bitcoin is not money but we don't know in the future

If Bitcoin is not money, then I will love to ask you O.P, What is Money? Because according to what I understood from the English Dictionary, Money is that commodity generally accepted to be used as a medium of exchange between two or more parties. And Bitcoin is a digital commodity/asset, Bitcoin is generally accepted worldwide, and Bitcoin is used as a medium of exchange between two or more parties. So why should you say it's not a money?... Please I need you to elaborate more on this..

You have said it all, because Bitcoin is a digital assets that no one can be able to touch, but only have the feeling with assumption that have specific amount Worth of Bitcoin in digital wallet or exchange, which can can be done through selling to convert to any given local currency across the globe.

Bitcoin is not money, and nobody says Bitcoin is money. Most say Bitcoin is a digital asset. An asset is something of value that can be owned by someone and if it is stored the price will be higher. Although the general word is crypto currency. Because a lot of crypto, including crypto with a stable value, is called a cryptocurrency.
Despite what you say, go round and round on the phrase Bitcoin is not money. I think everyone understands about Bitcoin. Does not have a stable value as Fiat. There is no binding legal authority. This is a great thing about Bitcoin that it can run smoothly without having to own a vehicle, namely the law or regulations.

From my perspective that country is on the state of myopia. Every country currently is been embracing the existence and adoption of cryptocurrency as a legal tender. When at this present time, Bitcoin is the main currency people do use to make quick transaction across the countries. That's while some countries who understand the benefit of cryptocurrency do embrace it without castigation of cryptocurrency.

Actually the difference between Bitcoin and money is the same, there is no difference, it's just that money has been patented to be a means of payment in all countries. Have you ever thought if the money is in our ATM card or in mobile banking it will be in the form of money, definitely not, and looks like digital, the only difference is that if we take money at an ATM and the tool will come out, namely money, but unlike bitcoin we can't make bitcoins into the form of money, because bitcoin has always been set in digital form, and to be honest in My country hasn't been legalized to accept Bitcoin as a means of payment, and its users are still silent..

Btc does exist even if it's online and no we can't just unfollow the rules on our country because we will be punish if someone caught us. If crypto is not money then what about paypal and other digital money? Not because they exist in the computer, they aren't real anymore. Maybe for those scams and fake digital currencies yes. No need for the crypto to have its own physical form because there's already a fiat money. That what makes it unique plus it's a hassle to carry cash with you at all time.

You can lose it and it can be easily stole to you but cryptos are more convenient and more secure. More important is that we have more freedom with it.

Yes Btc indeed is not real money, which can be spent or bought some things you want in shops and supermarkets. Btc is just digital money that only looks like an ordinary number but has its own privileges if you have it. Very different from the original fiat which can be exchanged for any item in all shopping stores and is also recognized for everyday use.

to some extent, you are right, but if bitcoin can be exchanged p2p for fiat money, then why not call it the same money, because the conversion of btc to bank cards is already available even on many exchanges.

Best comparison I've seen in a while.

Crypto is like a toilet - private! -325btc 2022 A quote to remember. I'll add it to my list :D

I guess what you do in the Internet also doesn't really exist, so if I break into an exchange and take some bitcoins the police shouldn't go after me. I'll remember to use your line of defense if they get me. I stole something that doesn't exist in the real life so I shouldn't be prosecuted for it and don't ask me about it because it's a private thing. :P

Bitcoin is taking over many industries.  If we think bitcoin is not money then it is also true that gold is not money.The country is now very digital, people are more inclined towards digital currency from cash money.Anyone with access to digital technology can easily transact money or BTC directly.Anything that has value and can be converted into currency is related to currency or money. Bitcoin is a digital currency that has value and can be converted into currency.We have earned many currencies from Bitcoin. Although Bitcoin is not physical so they consider Bitcoin as digital money.

It might not be a handheld currency, but it’s translates to money at the end of the day imo.

What are your definition or real money btw?
Is it something tangible? Can be accepted in shop and supermarket? Well, I can say my local fiat currency is not acceptable is the USA. Does my local fiat currency not real money? Same goes for the Dollars here in my country, it is not acceptable to majority of the stores, shops, and market coz people around here always prefer the local currency.
Would you mind giving me your Btc? It's not really money for you anyway lol.

I understand your line of argument from that perspective I quoted as it seems you're using the notion of Bitcoin's exchange into fiat first to counter it being money. Don't forget that there are several instances where there aren't any swap to fiat for Bitcoin transactions, especially in countries where it's accepted as legal tender. Goods and services are bought directly in Bitcoin without going through fiat in such countries. Come to think of it, isn't money anything that's generally accepted for the exchange of goods and services? Does Bitcoin not meet that criterion? Of course, it does.

Lol! :D

I honestly had to read the quote twice in order to fully understand the intellectual stretch here by 325btc :P Indeed not a bad comparison!

@325btc I'd probably enjoy reading some more of those genius comparisons. Should you have another one ready to be dropped here, I am all ear!

Anyway, the discussion whether Bitcoin is money or not is so old. Why would it not be money? There are two (or more) ways to look at it: we can use existing definitions and philosophical viewpoints in order to judge whether or not it should be considered money. The other way is to just rely on the respective institutions to acknowledge it as such. The problem with the latter viewpoint is that relevant institutions and authorities have an incentive to not acknowledge Bitcoin as money or an official currency.

One thing is for sure though, that even existing definitions will need to evolve in order to capture newly developed forms of value transfer. When somebody came up with a definition for money 100 years ago, that definition obviously couldn't capture digital transfers as they haven't existed back at the time.

Bitcoin still evokes a lot of heated discussions regarding its status as potential money, but at the same time those discussions might soon be a thing of the past and it is quite normal for people to deem Bitcoin money. Never could it be expected that such a revolutionary system will officially be acknowledged all around the globe as an official monetary system. Bitcoin, or some form of a decentralized digital value transfer system, will certainly stay and establish itself as an integral part of the global payments economy.

I absolutely do consider Bitcoin money. I can easily convert my coins to fiat at any time and use it as a way to store value; the same as money. BTC is not physical money but it is a form of digital currency and functions much the same way.

Crypto is not yet exchangeable by central banks but I think that will change soon. I suspect more and more countries are going to follow El Salvador's lead and adopt BTC as legal tender.   

What is money?

Can we say money is anything that gives one a purchasing power?;
Can money be a medium for exchange of goods and services?;
Can we say that money is a store of value;
If the definitions above are correct, bitcoin can be regarded as a currency.

Then, if the only definition of money is a paper whose human head is printed upon and has the ability to be used as an exchange for goods or services, perhaps a legal tender. That means bitcoin is not money.
So, decide on what makes money, either the value it carries or the paper it is.

Bitcoin is money and it's been placed as a digital currency. Because with cryptocurrency and especially bitcoin you can purchase anything you want with bitcoin without been biased for any single transaction. Secondly bitcoin can be used to do anything that fiat currency can do. So therefore Bitcoin is money and money is Bitcoin. Because what money can purchase bitcoins can equally purchase it

A few years ago many from the circle of my friends knew that I'm into bitcoin until the bear market came and no one talked about bitcoin anymore and most of them stopped being interested.

But I still pushed and continued until the recent bull run came.

What I've learned is what you've said that the same as going to the toilet, we shouldn't be loud and tell people that hey, I'm a bitcoiner. Remaining low profile did gave me peace and space so, on that part, I agree to you.

You will never hear from a wise person how he boasts of anything, or even shares, especially when it comes to money. Probably it comes with experience, the more lessons life gives you, the more accurate you become. The less you tell others, the less envious and competitors you will end up with. I learned this bitter lesson from my own experience, now I will think 7 times before I tell anyone about my affairs 1 time.

Where did you get such information? I think it's actually the other way around; Bitcoin is allowed in many countries and forbidden in some countries.

According to this map from the coin.dance (https://coin.dance/poli) website Bitcoin is unrestricted in 132 of 257 countries/regions.

https://i.imgur.com/zvdmREI.png

If so what about those countries that has bitcoin ATM machine, they withdraw and deposit through same machine. Can't we call it fiat?
Still physically spendable as fiat most of the restaurant, eatery and shopping mall accepted as means of exchange for goods and services so it can be considered as fiat

Cryptocurrency is a digital asset so I consider it money, having a cash that I want to invest into Bitcoin, then I exchange my cash into a digital currency it still count to me as my money. People have their opinions but mine is what it is. My money is my money no matter any form it is symbolized. Crypto is a good commodity that can only be privatized my it's owner because they want to and also the limited acceptability in most countries. People can share information about their asset no matter the form of the assets but it's at their risk.
Thank you, Sodium.

That's true.

And if we tell someone our plans, we don't know if they like us to be successful or they're already thinking negatively on how it will end up. That's why it's better to have that peace of mind by just minding our own businesses.

Do good on it and let the success be the noise as the quotes say.

When the money topics is on the line, everyone wants to listen. But when it's the actual thing and it doesn't look good, no one wants to listen and everyone starts to scatter away from us.

Following the rules and regulations of a country is a must, you have the responsibility to obey them since you are a part of the country.
What do you mean doesn't exist? You are trying to fool us that BTC doesn't exist? Dude, BTC really exists, you can see that people transfer it from some wallets to other wallets. But surely it is in the digital world, that's why people call it a digital asset or a digital currency.

What do you mean? Do you mean crypto should be available to change with fiats? Yes, it surely can be changed with fiats.
If you mean crypto should have a printout form or a physical form, it is not a must since they are created with the concept of a digital system. There is nothing wrong with this concept as long as people can accept it and can use it without a problem.

Bitcoin is not money but Bitcoin is digital currency.In one word we can call it digital currency.But with bitcoin you can convert your country's currency it is very easy.We especially use Bitcoin to convert to our country's money through various means.When Bitcoin becomes legal in all countries, we may no longer need to exchange these Bitcoins to fiat money.We can do bitcoin transactions directly then.

many people think Bitcoin is digital money but actually Bitcoin is only made into a digital asset, but that's not all true because many people use bitcoin to make transactions, meaning Bitcoin can be used as a tool or a substitute for paper money

Bitcoin is the currency in those countries but it is definitely not fiat, fiat is created and controlled by the government, fiat can be printed by the government as much as it wants. But bitcoin is a digital currency, a new technology that is not controlled by any government and is managed by the entire community. Bitcoin is a currency, an investment. In short, it has all the conveniences that we need, it is like a versatile tool in our life.

Both have the same function, which distinguishes the concept and rules that apply in their respective countries, all forms that can be exchanged and have value, it can be categorized in a means of payment, it's up to people who want to say money or not .
But of course, bitcoin has its own uniqueness, so that digital currency has grown so big and there are some countries that have been stuck to legalize as a means of payment in transactions

Ty
Btw, I clearly understand what you but though since you explain that is only currency in those countries but not fiat which is true. To me is still spendable irrespective that can not be withdrawn or seen as Fiat it uses the same quality and same value which can be massured as normal fiat.

There will be many pros and cons about whether bitcoin is a currency or not. Currency is a tool issued by the government of a country for trade and other purposes in the financial sector. But even though bitcoin is not a currency, many countries have recognized it so that their people can trade using bitcoin and using fiat or other methods. So if your country is allowed to use bitcoin as a means of payment, it means bitcoin is an option given by your government while your country has a fixed currency.

You are correct. There's a partial ban on cryptocurrency in my country, but that hasn't made me stopped transacting in cryptocurrency. When I sell a particular token, I ensure that the buyer doesn't specify it as a cryptocurrency payment. So whoever wants to vet the account can't tell what the payment is for.

In fact, bitcoin is not money. People believe it's a digital asset. And it's an evolution of fiat currencies and many think it's an opportunity, so they are ready to take that opportunity. And it's only a matter of time to accept the government or world leaders.

Before going in on how Bitcoin is not money as you have done I guess you would have first tried to understand what Money is. money, a commodity accepted by general consent as a medium of economic exchange. (http://britannica.com/topic/money)
so if this means it has to be accepted by general consent as a medium of economic exchange, ...thus facilitating trade, and it is the principal measure of wealth even though it is just a piece of printed paper, hence Bitcoin as a digital Code that has been accepted by general consent as a medium of economic exchange and facilitating trade, and it is the principal measure of wealth by those that want, meaning it is Money in that sense to them. Other things have been accepted as money before now. Cowries, bronze coins, salt, etc. If you read a bit more from the linked article you would understand why Bitcoin can't be discounted as money.

325btc can say whatever they want, Bitcoin is accepted as a currency and therefore it is a currency currently used worldwide in various places and for various services.  Hell, some companies pay their employees in Bitcoin.  Some people take Bitcoin loans.  Bitcoin is a medium of exchange since that pizza purchase back from a decade ago and whoever denies it either does not know what they are talking about or particularly want to sprinkle FUD around them.

-
Regards,
PrivacyG

Undeniable, but let them have an opinion.
I agree bitcoin is a currency although I can't use it to pay for anything in my country especially for goods or services. But out there people have clearly accepted bitcoin as a means of payment especially for countries that have legalized it, that's partly understandable.

I like that some people have different opinions about bitcoin, this will make the discussion more interesting but I never expected them to end up being a troll and hating bitcoin who are vengefully bombarding the forums with their hate. Although used as a means of payment, bitcoin is a valuable asset to trade. Some people think it is only suitable for trading and investing assets, but they forget about what we can do with bitcoin.

Yes, it is simply a way of calling each person. But I wouldn't be able to consider it fiat, because for me fiat is tied to the government and is a tool to control us, Bitcoin is also currency but it is not a government tool to control us.

Another difference is that fiat loses value over time and if you keep fiat as your currency, you will spend more money to buy something after a while, if using bitcoin, you may end up spending less buying the same product after a while.

It was designed as a currency to replace fiat but people use it as an investment tool and this mindset has persisted and spread to this day.
If it is not currency then why so many countries and companies accept it as a means of payment. Why did people not use gold as a means of payment before, but now choose bitcoin?

Bitcoin is a currency but it is not a fiat currency as the government makes it, it is a decentralized currency and is used without anyone controlling it.

if we look at the literal situation and physical aspect, Bitcoin and cryptocurrency are not real money, because it is an asset, and as others say it is a domain name and it is true. But why can Bitcoin be exchanged for real money? something surprising right? And why are there other merchants or big companies in different countries that accept bitcoin as a payment for their products?

Just like gold, it's not money, but it can be sold in exchange for real money, so it has value in the market. Bitcoin's situation is the same, it also has a market value that is higher than the value of Gold. The only difference is that Gold payment cannot be used via online payment, unlike bitcoin, which can be used. I hope you get the point of what I mean.

I really don't think that Bitcoin is forbidden in many countries as you claim, however, using just one country India to justify your claim, just because Bitcoin is not seen as a legal tender does not mean it is not a currency. I believe this is the other aspect of the issue where most get it wrong thinking that Bitcoin has to be proclaimed a legal tender before we can see it as being legal or a currency. However, if OP was referring to money in the physical sense, then no but Bitcoin has and still doing everything fiat money does within the jurisdiction of those that accept it.

It's funny when people say bitcoin is something or isn't something. It's a new thing. It's like people who were used to wired phones were saying that wireless phones are not phones but radios becase they had more properties of a radio than a phone. It's all about the way you use things. If you sharpen a metal and use it like a knife it becomes a knife. You can use bitcoin like you use money and it becomes money.

Anyway, I don't know where the OP is coming from. But he really posts a lot of nonsense things. Maybe he lost some of his money in buying btc or other alts. But if newcomers will read his post, it will give some sort of confusion to them. But if you want to get ahead of things, one should educate himself and read as much as he can to avoid misunderstandings in this market.

In fact, Bitcoin will be regulated according to how people use it or how the management favors it. But if you use Bitcoin as a source of income then you can earn a lot And if you are a bitcoin investment type then surely you will get big money from here.However, the direction I will give you is that you have to accept it. There are more senior brothers and you should follow their suggestions. In my opinion it will be the best way you invest in Bitcoin I think

Yeah, it's a currency but sadly many people don't use it just like that but they use it to make more money in the form of trading, investing and gambling. Btc has an advantage over fiat but it also has disadvantages so don't say that btc is more better than a fiat.

Fiat may not have that asset ability like a btc but you can also use it to make more fiat like if you lend your money and charge them an interest and other fees. You can also put your fiat on the bank or on some digital wallets as savings to be able to receive some profits. Our modern world now has full of crises and one of the major crises is inflation. Btc can be a good solution for this.

99% of crypto users know that, no one considers Bitcoin a legitimate currency, Bitcoin as we understand digital currency, meaning digital-based internet, I think only countries are too ambitious to do something about Bitcoin, the fact is exactly what you said.

I think bitcoin if we invest now then when the price of this provision increases then we can get a lot of profit from here later that's why we have to invest now if we invest now then we will get double profit later that's why we invest now  will do

Bitcoin's deflationary model is great for fighting inflation. So far, bitcoin is very volatile and this scares off many, but those who understand its advantage can take advantage of this while such an opportunity exists. Bitcoin is currently one of the most accessible assets that you can simply buy and hold and be sure that the investment will bring good profits in the future.

In contrast to current fiat currencies which continue to experience inflation, bitcoin was actually created as a currency at first, but because it is difficult to coexist or replace fiat currencies, and because it fluctuates, many people buy it as a long-term asset, and to this day still do. many governments have not approved bitcoin as a legal tender, for many reasons. and I think the main role is with the government if you want it as a means of payment

Bitcoin as in its nature was invented as currency. But in time we went through it became pioneer of whole new crypto industry. It was discriminated a lot by governments because they didn't want Bitcoin to become alternative to their fiat currency in a country. Even USA was worried about Bitcoin in past.
So its hard for it to become universally accepted currency. But in long run it showed its potential so now everyone agrees its important part of financial markets.

Yes you are right, Bitcoin is not money, if you think so I think the same as Gold, Gold is also not money but an asset that is very valuable or very valuable. and similarly Bitcoin is a very valuable asset even the value and quality level is very good and quite high, the only difference is that Bitcoin is said to be a digital asset, but that does not mean it is money, and if you say that Bitcoin is not money there may be no payment which will accept Bitcoin as a means of payment (only in countries that legalize it, and companies that give it permission).

And not only that, Bitcoin will also be able to be exchanged into paper money, and this depends on someone who wants to exchange it either in USD ( $ ), or other currencies, depending on where one's country comes from.

I really think of Bitcoin as a digital asset that I can use for multiple functions, both from making payments, transactions (either general transactions or transactions between Crypto holders), and if I want to hold it in the form of paper money I only need to exchange it into the country's currency I.

If you say bitcoin is not offline money I totally agree, but if you just say bitcoin is not money there will definitely be pros and cons, because basically bitcoin is a decentralized currency, can be used anytime and anywhere we need, while FIAT currency is a currency legalized by the government, in fact every country must have a different currency, while bitcoin in any country remains the same nothing has changed, because bitcoin is a digital currency that is created and stored digitally, does not have a physical form like currency authorized by the state.

In the past, the price of Bitcoin has been very high, but since then it has dropped to the lowest level due to massive dumping. That's why I think it's the right time to invest in Bitcoin or any good platform So now is the right time to invest. However, it must be said that there is a high probability that the price of Bitcoin will definitely increase in the future.

If you interpret and understand paper money it may be true what you say, that Bitcoin is not money, actually Bitcoin is money in the form of digital assets or a number that is very valuable, but it is not certain in value / according to market conditions, so far I know Bitcoin I think is a very valuable asset.

That's because people do not understand what kind of power we would have if we were to only manage to use it as a currency. That doesn't mean that we should not be using it as an investment neither because we can use it that way and it would stay great.

However, if we want bitcoin to be fully utilized and taken advantage of then the best thing to do would be to start using it as a currency all around the world. This would allow whole globe to get closer to each other and even better than paypal as well. Hence, it's going to be a bit of a trouble for "some" people to make this switch since it's not easy to get PC or smart phones in some regions, but it's doable.

If sellers accept bitcoin, then it is still money.

What’s the difference between bitcoin and money if both are valuable? Before money people they use food and useful tools to do transactions and exchange things for example someone has apple farm he can exchange it for bread with another person until money was invented and made life easier for most of people that’s why everyone accepted it. For me i see bitcoin now as a new version and an update of money and way better than money. You can use it as money and also as investment.

of course if they understand, no one will say that bitcoin is paper money but it is true what you say that it is a digital asset just like any other asset in a different form (forex, house, car, gold) but still valuable and can be sold buy it, it can even be converted into paper money as desired, but indeed the price varies according to the circumstances at that time.
bitcoin is an asset that is currently highly sought after because its price is able to increase high compared to existing assets that have been in effect so far.

Ignore government approval and stick to the concept of what money is, clearly bitcoin is an even better currency than all the currencies in circulation in the world.

The biggest barrier that makes bitcoin not an official currency is the government, they don't want to recognize it as a currency because they are not the creator of it and can't control it. But I predict bitcoin will become an additional means of payment besides fiat money, with the popularity and outstanding benefits of bitcoin, it is certain that it will soon become a payment method in many parts of the world.

I agree with all what you said is the best of all among the other currency. The government is not happy because they can not control the wealth of their citizens. Not like fiat currency, Bitcoin is a free access to anyone who has money. I am really waiting for bitcoin to overthrow all currency of the world.

Yes, bitcoin is a cryptocurrency, a form of electronic money. Bitcoin is a decentralized digital currency with no central bank or single administrator intervention that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries and without paying any transaction fees.
and anything that has a scarcity of supply and demand can be considered money, bitcoin has all this and more.

Bitcoin does have many advantages over fiat currencies including that it cannot be regulated by any government, but to overthrow the fiat currency is clearly an impossible thing for bitcoin to do because after all fiat currency is an important requirement in a country, so it is unlikely that bitcoin will completely replace it the role of fiat money, I personally might see that bitcoin will be transformed into one of the global currencies side by side with fiat currency and of course it will not be separated because of the possibility that both will support each other in the future.

And one more reason why the government tends to not like bitcoin because they always consider it as a competitor for theirs fiat no one likes to be rivaled.
That's why they always take steps to slow down or if possible stop its uses because if Bitcoin continues to develop its use can defeat Fiat in the transaction in the future

The question is, what then is money?
Cause there's precious metals such as gold, silver etc, and these are all value attributed objects, that were been used as means of exchange in form of coins back in those years of old, and later paper, what I would called special papers where introduced and attributed value to it in different amount. Yet they could be referred to as anything but it's money cause the value of exchange has been given to it.

In same way btc has exchange value, store of value etc, so actually it can be referred to or called money irrespective of what ever professional register of word given.
BTC is money!

are you sure about this, whether the country will approve / recognize it as a currency, it is impossible for bitcoin to overthrow all world currencies,
bitcoin is not like fiat which is needed in every country and all walks of life,
sorry bitcoin if in my country only certain people know about this, and they don't care about bitcoin but they are hard to find out what bitcoin is and its advantages, because they are very sensitive to the name money more trust in fiat

As you said it makes a lot of sense, because FIAT money is just a piece of paper, while gold is just a yellow metal, but all of that becomes valuable when many people want these items and depend on them to live, like people depend on living with FIAT currency. , actually bitcoin is a digital currency created by Satoshi in 2009, it is true that bitcoin has not become a legal tender in most of the world, but the emergence of bitcoin can be an attraction in itself to make a promising investment asset, but to make bitcoin as a legal currency is definitely very difficult to happen, because bitcoin is strongly opposed by the government.

The OP is forgetting that in many places they accept bitcoin as a payment method. the person takes their bitcoin and buys things or goods and services, I for example take my bitcoin and I can buy top up for my cell phone, so that means that bitcoin is a currency and can also be used as an investment asset In the long run, this will depend on each person and the options people have for being able to use bitcoin as a payment method in the real world. OP, he's saying things for feelings, he must have had some kind of disappointment with bitcoin and it made him hate bitcoin to the point of posting things without first calming down and thinking more clearly


people may also need bitcoin in case they want privacy and let's suppose someone wants to travel to the US and that person has 1 million US dollars but that person cannot travel with all that money on the plane this person doesn't trust the bank so this person can buy bitcoin worth 1 million dollars and then travel and when he arrives in the US spend these bitcoins worth 1 million US dollars. bitcoin has many advantages

Money performs different functions and the main one is a measure of value. Money can be any object of the material or non-material world that people will use as a model of value. Money is not only banknotes of the state. Since ancient times, these were pieces of gold, silver or bronze. In some nations, even processed ordinary stones served as money. The money was livestock or household items. That is, everything that people agree to consider as a value. Bitcoin became money when people began to consider it valuable and could exchange it not only for fiat, but also for the same gold or any other material items that represent a certain value.

Well, it is competitor to fiat, after all bitcoin is a lot better and that could be a problem, I am not saying that it’s going to hurt a lot, but it’s going to have some sort of trouble with it. It doesn't matter if governments could try to get away with it or not, because no matter what we are talking about something decentralized and that means we are not going to see anything that will be easy for government to fight against and we are going to have to accept that governments will lose against crypto.

So, it is much better for them to just accept it, track it, and then tax it which means they will be able to actually provide some funding for their government.

We can see in some places Bitcoin has become a legal tender even on holidays now we can use Bitcoin without fiat anymore the island of Boracay (Philippines) has become widespread that Bitcoin is also almost the same as money can be used in some areas that are needed in the region certain but I'm sure we will see more Bitcoin payments in the future.
So Bitcoin can be used for payments and also long-term investment assets, those are two good choices in my opinion going forward.
There is no need to be disappointed with Bitcoin maybe they are disappointed just because the loss is not about how the benefits are for the future.

Bitcoin and other cryptocurrencies are actually more not just some sort of digital abstract code that can go into oblivion at the slightest turbulence. Some nations already accepting bitcoin as a legal tender. As along as it's easily converted to any useable value and it's acceptable, it's a form of money. See! a country currency are usually not a legal tender in another nation, hence a window of exchange for conversion.

bitcoin is not cash, other cryptos are not cash either,
in my view crypto/bitcoin is digital money,
why is it called digital money,
because in some countries, bitcoin is used as a means of payment such as in restaurants and at gas stations.

and bitcoin/crypto are also used as investment assets,

definitely bitcoin/crypto
is
• investment assets
• means of payment
but digitally. (the form is just a code or something)

In economics money is a medium of exchange. The object of exchange can be in the form of goods and services. Broadly speaking, money can be defined as a means of payment for humans living on planet earth. For those living on other planets maybe not as a means of payment.

Bitcoin is an innovative payment network or can be called a new type of money that is known as the most promising investment. If money is used for transactions, then Bitcoin can also be used as a transaction tool with low fees.

How? Bitcoin is also money right?