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Author Topic: Is Bitcoin Money or Currency  (Read 5457 times)
JulianCrump
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May 23, 2018, 07:35:03 PM
 #761

It is both, it doesn't have to be a currency for one country. That is what is unique and beautiful about Bitcoin, is that it is transnational and it has zero borders. However right now it functions more as a store of value, than currency or money.
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May 23, 2018, 07:51:10 PM
 #762

If you think about it, it's like a new class of whatever's considered as "value".  This (crypto-currencies) is something we haven't seen before, really.  Some people think it's just a passing fad.  We'll see.



I think the two are interlinked because when we invest in bitcoin of course we need and definitely use the currency to buy the bitcoin itself
BitcoinPaw
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May 23, 2018, 08:50:34 PM
 #763

Bitcoin is probably money because we working with decentralized system. Everyone there just trading tokens without any taxes, fees and other stuff. Currencies are fiat money.

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May 23, 2018, 08:57:58 PM
 #764

Bitcoin is probably money because we working with decentralized system. Everyone there just trading tokens without any taxes, fees and other stuff. Currenscies are fiat money.
Bitcoin it's not money right now, Bitcoin its just Asset Digital Investment used for like decentral transaction and for the payment system to making some transaction more easier and efficient.

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ashley_49
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May 23, 2018, 11:29:11 PM
 #765


Both. Bitcoin connects money, currency and remittance and is going to be the future of money in the world.
Dark Sky
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May 23, 2018, 11:34:42 PM
 #766


Both. Bitcoin connects money, currency and remittance and is going to be the future of money in the world.
But I think bitcoin is worldwide currency and when we receive it in our country so it change in money, but in future bitcoin will use as a money in every country and that's why bitcoin will more easy for everyone.

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May 23, 2018, 11:46:01 PM
 #767

It is really hard to say... Half is of course just a normal currency, but on the other hand we see it like something else - cryptocurrency. We can do money from this, when we invest and maybe is it better to treat it like both?
nguyenphihung92
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May 24, 2018, 04:05:13 AM
 #768

Currency and money are not the same things, they just have many of the same properties.
Camorra Dev
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May 24, 2018, 06:13:34 AM
 #769

Maybe in some future bitcoin will become a real currency, but by itself right now I don't think it would fit that definition
thevlox
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May 24, 2018, 10:24:07 PM
 #770


Bitcoin money In bitcoin we get the money we get by working, we get bitcoin and we use it for money.
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May 24, 2018, 10:26:28 PM
 #771

Sure Currency
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May 24, 2018, 10:59:09 PM
 #772

I see Bitcoin is a concept against the Bank system, of course, according to the term as cryptocurrency, Bitcoin is the currency,
but not the currency intended by the Bank or the current government, this is my opinion...

sr32703
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May 24, 2018, 11:48:12 PM
 #773

Basically Money & Currency both are different. Currency not money but money like a imaginary or you can say money is unreal & I think Bitcoin is kind of a currency.
Dark Sky
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May 24, 2018, 11:59:16 PM
 #774

Basically Money & Currency both are different. Currency not money but money like a imaginary or you can say money is unreal & I think Bitcoin is kind of a currency.
Bitcoin is a digital currency and that's why its benefits is for everyone and many of people earns a lot of money from bitcoin for easy life, so earning of this currency will change in our money and that's why we can buy everything for our comfortable life.

mackenzie5
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May 25, 2018, 12:51:03 AM
 #775

Bitcoin is an electronic asset or a store of value .It can be operated electronically only with the help of the internet.It is the first crypto currency started in the year 2009.The originator intends to provide a powerful currency usable  world wide for spending to the daily requirements of the public. Though the bitcoins market capital and its daily traded volumes are very high it is in the infant stage now because a very few percentage of the world population are  in a position to operate it. Bitcoins popularity is increasing considerably .
Mikospark
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May 25, 2018, 05:53:22 AM
 #776

Money is like something which is given as a mode of payment for goods ,services that we receive.Currency is the word used to specifically mention money .Here in the case of bitcoins we can call it as both currency as well as money as bitcoins are digital currency or digital money even though it is not backed by any government stocks or gold it has the same value just like the money but its value keeps changing every now and then but the value of real life money does not keep changing every now and it is something which is backed by government which has support of gold or stocks.
pellor mas
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May 25, 2018, 06:19:13 AM
 #777

I would consider it money now. As more and more people use it, it will be the currency. It's more than an option.
see Bitcoin is a concept against the Bank system, of course, according to the term as cryptocurrency, Bitcoin is the currency,
but not the currency intended by the Bank or the current government.
Menawi12
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May 25, 2018, 07:49:18 AM
 #778

I think bitcoin is currency. Bitcoin is new monetary system that no one authorities can control it. We know that our monetary system right now controlled by central bank and that bring more inflation on our economy system. Bitcoin can be as currency and as investment in a same time and i think bitcoin is a economy system

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Camorra Dev
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May 25, 2018, 09:48:38 AM
 #779

Some of us see bitcoin as an digital money because it receive by the shop or seller, but anyway money or currency it just from the my point of view
kamotharnn
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May 25, 2018, 10:23:19 AM
 #780


Both. Bitcoin connects money, currency and remittance and is going to be the future of money in the world.
I agree with you, bitcoin can be both money an currency depending on how people treat it. HOwever, since the price bitcoin is too high, people tend to look at bitcoin as a investment. They want to buy and hold bitcoin instead of spending it like money.

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