Is Bitcoin Money or Currency

[lynlyn]

As i have known, money can make you buy anything (where money can buy) you like. In the case of bitcoin, it's a digital currency that makes you buy food or pay for the services rendered to you. So i think bitcoin is currency and is also a money.

Yes you have a point. For me, bitcoin can also call currency because other definition of currency is a state of being used so bitcoin is very useful to us that's why it is called crypto currency of digital currency which is only in virtual. Bitcoin is not a money but it can covert to money.

[Ikay]

I think It's both because all of a sudden its use for any kind of transactions we made in any kind of way we use it whether in digital or in real transactions. we can use bitcoins for it, so bitcoin is a kind of digital currency or money that can help us thru with this.

[BulbaLord]

Bitcoin Its a digital currency. Which we transact payment through online. And easy payments or easy transuction. But Same value of money which is good we can use in internet.

[rejekinomplok99]

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 both, Bitcoin is money and currency. Because the bitcoin is crypto currency and payment system. But It is not real money, it is digital currency. It is my opinion.

[chika2]

bitcoin is money in the form of currency. why I say like that because bitcoin is not in physical form but can already as a means of payment. bitcoin can be the currency of the future.

[futuret]

We should keep in mind that everything happens online and that future generations will be more adapted to the fact that crypto currency is a natural part of the virtual world.

Bitcoin exists as a digital currency and using as payment system and transactions between two sources or systems those can be high trading companies and businesses that involve transactions in order to buy products from another source through Bitcoin transactions. So Bitcoin acts both as a currency and money because you can invest in it and can make your economy better.

[equestrianbucking]

I cant say because both the term seems equal for me, or closely relatable for me.

[brokeroutriggerR]

Its obviously not a currency, then its surely a money. Easy!

[Stephen1989]

a payment system. Oh, and it is a technology to prove ownership over something (Bitcoins in the most basic form) on a distributed no-trust-requiring public ledger.

[Mikospark]

There are many different jurisdiction about Bitcoin. But it is a true global currency and it can be used in any part of the world. Or if you are paying using Bitcoin, it is a 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.

[Mr.John19]

Bitcoin can be known as the of the first usage of what is called cryptocurrency. We can state Bitcoin is money or currency both of two. Bitcoin is a currency using the web that can be cash by changing over into money. If you transform the bitcoin into fiat, we can call it cash or money. Some store or company acknowledge the bitcoin as payment no need to convert into a piece of money that. Bitcoin can both of two. If depend to you which one you think bitcoin. The essential bitcoin has value. It no nonsense at all

[Best Dreams]

I cant say because both the term seems equal for me, or closely relatable for me.

Well you are right bitcoin can be use but at first bitcoin is the digital currency as they are not like ordinary money but a lot of things are being done with digital currency that we are were don’t with money, bitcoin is a legitimate means of transaction, so for me the importance of bitcoin is higher than money, we can now do everything with bitcoin we are earning money and we are buying goods at the same time.

[Camorra Dev]

I am absolutely agree on what you've said about bitcoin being used and/or treated lik ean asset. at that moment bitcoin couldn't be considered to be money

[beezare]

I think bitcoin is currency because we can only use it online and we transact digitally, we can not see bitcoin in real form, whereas money is something that we can use to transact in real and have a real form

[Chusnul]

Bitcoin is a software based currency which have associated value only because people believe that it as money. If tomorrow everybody decided to not consider it as money then its value will be zero. Now a days many major retailers are also accepting bitcoin as way to pay for goods. So in that sense you can say it as money and by definition it will also be a currency which is not issued by any government in the world. But this definition is only true today. Nobody knows how governments around the world will treat it in future. Just hope people will believe on this and no government will ban its use.

[Roksodhon]

For me Bitcoin is a digital money and also a currency used as payment method here in my country. But it is also considered as an asset just like fiat currencies and gold, because it can be converted into money easily.

[jakoylantern]

For me, bitcoin is a currency that can be money. We all know that bitcoin is a cryptocurrency that design and aim to become a worldwide payment system because it is decentralized and can work without a single administrator or central bank. I can say that bitcoin is a currency that can be a money because most of its user now think and see bitcoin as an asset. We all know that bitcoin is expensive and there is plenty of exchanger and wallet out there that you can convert your bitcoin into real money that you can spend or use to buy some things to those stores, companies, and establishment that doesn’t accept bitcoin as payment. 

[roflmao129]

I think that bitcoin is both money and currency. However, currently, people do not consider bitcoin as either money or currency. Bitcoin is an investment and they only want to earn more money from holding it. Therefore, bitcoin is slowly becoming a digital gold. It can never become a currency or money again

[dophyte]

Plus, you have the government on the hook for cost-of-living increases in many entitlement programs. And with more and more people dependent on the government, and the government over $18,000,000,000,000 in debt, showing the cost-of-living is stable helps the government immensely. Whether it is the truth or not is another story. Perianne Boring did a great article on this subject for Forbes last year if you want more detail on this topic. It explains how actual inflation, as of last year, was closer to 5% than 2%. A pretty big margin for error, I’d say. If you avoid the establishment narrative and do your own due diligence, it’s amazing what you can find out about how the economic world really turns.

[Camorra Dev]

The bitcoin is a very practical tool for people today because some of them make transactions all over the world by means of bitcoin and some enjoy the opportunity that it suggests at the investing platform.