Bitcoin=Money(?)

[bryant.coleman]

Most of the people are confused whether Bitcoin can be considered as a form of investment, or whether it should be purely considered as a currency. In my opinion, it is a combination of both. 

[Erdogan]

Most of the people are confused whether Bitcoin can be considered as a form of investment, or whether it should be purely considered as a currency. In my opinion, it is a combination of both. 

Meaning, you are confused, too.

[CarlesPuyol]

in 10 years the bitcoin will change the dollar...

[freshprince]

Does that mean localbitcoin traders need to register as a money services business?

[nanxiaobu]

Are u sure ,I do not think so

[zimmah]

note that currency and money are not the same.

Currency = $, € etc

Money = Gold, Silver

Where bitcoin fits is up to you to decide.

In my opinion it's money, but not everyone may agree.

[miffman]

Technically, as long as people accept it in exchange for something, it's money. If people accepted rocks in exchange for goods, I would consider rocks money then

[Swordsoffreedom]

Technically, as long as people accept it in exchange for something, it's money. If people accepted rocks in exchange for goods, I would consider rocks money then

Rocks have been used as a form of currency back in history so that statement is true, the value of money is only that people are willing to exchange it as a means of trading aka it is a store of value. Differing from barter in that instead of trading goods and services apples and pears or trading physical commodities you are trading something that only has a representative value aka my dollar is the same as yours also known as fungibility which Bitcoin has so yes it is money and a form of exchange.

[peeveepee]

Money is a medium of exchange.

More and more business are starting to accept bitcoin for payment.

You can use this to frame your argument bitcoin is money.

[ivy]

Bitcoin=money game,you play well,you got the money

[findftp]

I would say it is.
Make a poll and see the results

[scryptasicminer]

Bitcoin=money game,you play well,you got the money

Exactly.

[Harley997]

Bitcoin is not yet a stable store of value. Granted it has increased dramatically over the past several years, but it's price has also fallen dramatically over short periods.

In order for Bitcoin to be considered a form of money it's price volatility needs to decrease significantly. It has decreased this year, but the volatility is still much too high. 

[jeffersonairplane]

I would make a reference to Bitcoin's value as equivalent to a precious metal like gold or silver as an analogy due to the fact not many people know what Bitcoin is.

[Yakamoto]

I would make a reference to Bitcoin's value as equivalent to a precious metal like gold or silver as an analogy due to the fact not many people know what Bitcoin is.

This post is correct. People know about Bitcoin, but it is currently no mainstream. Because of this fact, you have to compare it to gold or silver, since those can buy some* things, but not necessarily a lot of things. Bitcoin is the same way. It's not commonly used, but it can be used to be purchased different commodities or goods, or nearly anything there's a market for.

It would be like a primitive society, however, if you decided that Bitcoin would be permanently compared to precious metals, as it would be reminiscent of the times when precious metal coins were used as currency.

*I have no idea where you can buy stuff with gold or silver, but I'm sure it exists somewhere.