Is Bitcoin Money or Currency

[DarkIT]

maybe bitcoin can be categorized as money. in the end bitcoin will be converted into fiat, where fiat is also money. bitcoin has no intrinsic value, but its function is what has cost, and bitcoin is measured by dollar, and dollar is measured by gold. well, as far as I know.

[tan7ra]

It's a scarce digital asset / commodity that can be used as a medium of exchange / storage of value that has all the properties of real money like scarcity, durability, fungibility, divisibility, portability etc.

[Spaffin]

The notion of money and the concept of currency was created with reference to those real circumstances that existed before the emergence of the crypto currency. Crypto currency is much changing these concepts and they are already becoming obsolete. Therefore, it makes no sense now to discuss the outdated concepts of money and currency. When the states finish the process of legalization of the crypto currency, then they will have to reconsider the definition of money and currency, however, depending on whether they recognize the crypto currency or money or not. If the crypto currency acts as a means of payment, it is money, no matter whoever says it. The definition of the currency is now different, the political economy textbooks have previously indicated that not all money is a currency, but only those that are used by states for international financial settlements.

[Ray55]

Bitcoin is money and currency what ever you think. It's a digital asset.

[Jahson420]

I think its both. Money and currency. Because bitcoin can use to pay some bills now. They are accepting bitcoin to invest. That means bitcoin is money and also currency but because of its high value they are not able to print of it to become money.

[Fedrey]

I think its both. Money and currency. Because bitcoin can use to pay some bills now. They are accepting bitcoin to invest. That means bitcoin is money and also currency but because of its high value they are not able to print of it to become money.

I think that the whole problem is not of value, since still offer the capabilities of even credit card holders with Bitcoin. So why not make paper Bitcoin ?

[Froloff92]

Bitcoin is a crypto currency. This is the most popular in all currency. People much prefer bitcoin than other coin. In my own opinion, Bitcoin is currency that can be converted into real money.

[pthnmj]

Different people see Bitcoin differently. Depends what is your interest in Bitcoin and what are you looking to achieve. How you utilise the cryptocurrency. If you are paying for things in Bitcoin, you are using it as money. If you see it as a store of value that can beat inflation, you probably see it as an asset class similar to gold and so on. Simply, Bitcoin is a completely digital currency that is independent of any banks or governments, using its own decentralized technology for securing payments and storing money.

[Yurkov]

I think it's both. I treat it just like a normal money and a coin, where I can get profit from holding, trading. It's great!

[Dark Sky]

I think it's both. I treat it just like a normal money and a coin, where I can get profit from holding, trading. It's great!

Bitcoin is a digital currency and yes you can say it is a digital money because it's use in worldwide and everyone can easily get it's benefits, so that's why I would say that bitcoin is a digital currency or money.

[kdrama]

Bitcoin is a currency so that's why people called it Cryptocurrecy because it is the MONEY in the INTERNET which has a value. Currency is the rotation of money like silver and gold and Bitcoin as well it has a limited supply which represents currency.

[Atits]

As national fiat currencies slowly, but surely, fall by the wayside, or get outright replaced by digital currencies, its time to review the advantages of using Bitcoin as money going forward.
Currency and money are not the same things, they just have many of the same properties. The textbook definition in your dictionary may even give credence to money being “stamped by public authority”. That’s interesting, given the fact that before there were governments creating paper currency people did exchange beads for feathers, or milk for eggs. There was barter, as currency, and Gold was real money for its ability to hold value since the dawn of time.
Currency is man-made to remove Gold as an independent, natural medium of exchange, to great effect. It takes power from the people and passes it to government in the form of “currency”. Money pre-dates government-created currency throughout the history of man, and their central banking system. If man only existed in the last three hundred years, currency as money would be fairly accurate, but overall, given definitions are incomplete. Knowing the difference between currency and money is important to your future, as the global economy becomes more and more unstable under a mountain of fiat-induced debt.
Money and currency are similar, but not the same
Both money and currency share many properties: They are both units of account (are numbered in value), a medium of accepted exchange and portable. They are both divisible (into smaller units of measure), durable (won’t physically turn to dust after a couple of days) and fungible (the value of the unit is the same for you as it is for me; has similar value here or there). What makes money different is it is also a store of value, meaning it will hold value, or grow, over a long period. Can you put it in a bank, safe deposit box, or under a mattress, save it, and it will retain its monetary value over time? Some currencies are better monies than others.

[rejekiku]

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
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cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

I think it's both, you can say it a digital money or payment currency. bitcoin is crypto currency, I think it's the future currency.

[maculeth]

I think bitcoin deserves to be called money. because all countries can use it, because if it's a currency, then it will certainly be different for each country.

[Bitcoinjheta]

I think bitcoin deserves to be called money. because all countries can use it, because if it's a currency, then it will certainly be different for each country.

Money and currency at the same time. Bitcoin can be used in a form of money since it can be used to pay bills and also can be convertible to fiat. Currency varies in different countries but bitcoin is a cryptocurrency whichever part of the world you are although each country it has different effect and value as well.

[BCTBF]

Something that can be called a currency I think is those who have been recognized and certified by the related state, so far bitcoin still can not be labeled as a legitimate currency because there are still many countries that can not accept the existence of bitcoin. So with bitcoin right now I feel it's good enough to still be used on the internet well despite the many rules that have been given to it.

[johnnythunder]

A money is a universal name of any country it is could money while currency is an specific name money name. Then your question is bitcoin money or curreny. For me it is both. Bitcoin is a degital currency or money that can't be seen or touch is real. But it is kind of money or currency. You can separate money and currency because they slitely mean the same thing.

[EnricoGomez]

Bitcoin can be both.
Bitcoin is cryptocurrency which literally means digital money, you can exchange fiat for it and vice versa. It also has a value, so it is money - also to the fact that you can cash it out for fiat which is to most of the society, more acceptable.

[naily]

Bitcoin is a virtual currency that can be used to transact online. If asked how this form of currency, which is obviously not like the form of physical currency issued by the bank and not the currency of a country.

Only bitcoins have value but will always be crypto currency. I think currently only falls on both sides as it has some things from normal money like payment methods

[linshisui38]

The universal definition of money is the medium of exchange accepted by the masses. In this definition, bitcoin is already a currency as long as a group of people accept bitcoin as a medium of exchange.