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Author Topic: Is Bitcoin Money or Currency  (Read 5224 times)
carlisle1
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February 13, 2018, 11:21:11 AM
 #161

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---


cur·ren·cy read as ˈkərənsē (noun)


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

So, is bitcoin money or currency?
your just breaking your head asking this foolish question,this applies to Are you a MAN OR A MALE?suck your mind is this really matter to you if bitcoin is amoney or currency?for us whats important is can we profit or not,because thats the objective of being here in crypto,things we seeking not asking nonsense things

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aishyoo17
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February 13, 2018, 11:24:48 AM
 #162

Bitcoin is both currency and money for me or in my opinion because some people use it to buy things which is what money is used for and sometimes a currency; because people usually refer bitcoin as a monetary system wherein people have to convert bitcoin to a local currency depending on which country they live in to pay bills. But there are other countries who are accepting bitcoin or other cryptocurrencies as payment, so for me it is both a currency and money.

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ylnar123
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February 13, 2018, 11:37:33 AM
 #163

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---


cur·ren·cy read as ˈkərənsē (noun)


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

So, is bitcoin money or currency?

Like what it's called cryptocurrency which means bitcoin is a currency because we cannot call it a money. Why? Because as what money defined, bitcoin has no medium on exchange and bitcoin is just a digital currency that does not even exist in real world.

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February 13, 2018, 11:43:57 AM
 #164

I think both of this.Bitcoin is a digital currency.its mainly a virtual currency.its can be converted into a currency.its value is real.Bitcoin is decentralized from money.Bitcoin is a asset.it has great future.

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February 13, 2018, 11:49:03 AM
 #165

Bitcoin is money. It is real money

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fishball
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February 13, 2018, 11:54:28 AM
 #166

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---


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 is obvious that bitcoin does not really have a tangible representation like a REAL money has. So we can safely assume that it is a currency, specifically a virtual one where you can exchange it to a real money. Just my thought.

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February 13, 2018, 12:03:14 PM
 #167

Either of those two is correct because if you have money then you have a currency because there is no difference between those two because they can be spent into different things that you may want to spend with your money or currency but in terms of bitcoin, it is very rare to see a store that is accepting bitcoin because of the unstable network.

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February 13, 2018, 12:11:46 PM
 #168

The currency could be converted into money, so either of the two. Both can be use as a form of transaction. When we are talking about money can be deal and easy to negotiate because it is already hand in and visualize by everyone than currency.

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February 13, 2018, 01:52:34 PM
 #169

Bitcoin is a currency that's why it is called digital currency right?. Money is using for exchange.  If you want bitcoin to become money then convert it into fiat to become money. 
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February 13, 2018, 02:52:13 PM
 #170

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---


cur·ren·cy read as ˈkərənsē (noun)


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

So, is bitcoin money or currency?

actually we can call both because bitcoin is a digital currency that can be said to be an encrypted ass so whatever you call it it just will not change the function of the bitcoin.

mrcash02
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February 13, 2018, 03:09:21 PM
 #171

It's the same thing. Currency is "the money that is used in a particular country at a particular time".

Currency = Money.

I think we don't need to make this complicated. We understand Bitcoin as currency and as money since you can use it to adquire new items, to pay for services and to execute successful trades. Everything a traditional currency/money/fiat can do, Bitcoin can do as well, at least theoretically.

Shamburis
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February 13, 2018, 03:11:21 PM
 #172

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---


cur·ren·cy read as ˈkərənsē (noun)


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

So, is bitcoin money or currency?
bitcoin is a virtual currency who you can transact with it in any where country you are that accepting this type or kind of heavy currency.

nonsonote
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February 13, 2018, 11:05:23 PM
 #173

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---


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 don’t think there’s a big difference between money and currency. As you said money are all those circulating banknotes and coins all over the world, while I think, currency are the one that define the value of the money. And it differs in every country. So I think bitcoin is a money and a currency at the same time, because it is used as medium of exchange and it has a value

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Pattart
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February 13, 2018, 11:53:57 PM
 #174

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---


cur·ren·cy read as ˈkərənsē (noun)


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

So, is bitcoin money or currency?

For what i know bitcoin is a currency not a money, because you cannot pay bills with your bitcoin, so you need to exchange your bitcoin into money so you can use it to pay bills.
If you consider bitcoin as currency. but bitcoin is not a financial system of any country right? but bitcoin is a crypto-currency? I think bitcoin is the currency or money its dont need to be in trouble. because bitcoin can also be used as a financial system if a country wants to adopt it and bitcoin is also money because there are already many stores that accept payments with bitcoin, so what needs to be on the issue?

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February 13, 2018, 11:59:40 PM
 #175

Bitcoin is both currency and money for me or in my opinion because some people use it to buy things which is what money is used for and sometimes a currency; because people usually refer bitcoin as a monetary system wherein people have to convert bitcoin to a local currency depending on which country they live in to pay bills. But there are other countries who are accepting bitcoin or other cryptocurrencies as payment, so for me it is both a currency and money.
Yes, i agree bitcoin is a digital currency or virtual currency circulated by means of internet and at the same time it is money because we can use it as a medium of exchange to purchase some goods and services and above all it is all convertible into our real local money.

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February 14, 2018, 12:20:06 AM
 #176

Bitcoin is a digital currency that anyone can use it to pay for services or goods online anywhere in this world, that is what makes bitcoin so popular and unique in the first place, there is no more request on their users to submit multiple documents and identification proof imposed by the banks or payment systems online, bitcoin will surely get more and more popular in the future.

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February 14, 2018, 04:26:55 AM
 #177

Bitcoin is digital currency and bitcoin transaction user i think almost same with small country transaction.
and i think bitcoin will take over the currency world and will give us chance to use it all across the world.

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February 14, 2018, 06:12:32 AM
 #178

BOTH! Its a crypto-CURRENCY that is used as money.
Yes you're right bitcoin is a cryptocurrency. But what is cryptocurrency? Cryptocurrency /ˈkrɪptəʊˌkʌr(ə)nsi"/(noun) It is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. So, a cryptocurrency represents a bitcoin and bitcoin is a cryptocurrency as mention above so currency represents money then bitcoin is both a cryptocurrency and used as money.

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February 14, 2018, 06:20:45 AM
 #179

I feel that bitcoin is money, in currency. well, I mostly do transactions with bitcoin, but not buy goods, but exchange them with fiat, or currency. that's better i guess. but I think it's the same.


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February 14, 2018, 10:51:00 AM
 #180

I would consider it to be money right now. As more and more people use it it will be a currency. It is more than either option though. It is a technology that can and will change everything from elections to contract law.

Bitcoin can be considered to be money, when it is converted to fiat. I suppose that BTC is a currency, the stuff that can connect even people globally! Bitcoin is sure a protocol, but many of us still call it money.
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