Breackup
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March 02, 2018, 02:34:03 AM |
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According to my idea, Bitcoin is a currency. But in the future, Bitcoin will be considered as money.
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acener
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★Bitvest.io★ Play Plinko or Invest!
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March 02, 2018, 02:40:33 AM |
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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?
Bitcoin is definitely a currency, that’s why it is categorised as an online currency in the first place, or cryptocurrency, either way it functions as a currency that is so volatile. Although, people only confuse it as money because it also functions as money when we use it for transactions or for payments. |
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Dimas99
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March 02, 2018, 02:48:39 AM |
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If I judge bitcoin is not money because it is a btc tool for investment today. to be bitcoin money still not meet the terms of these conditions. so it still can not be said that it's money
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deklitt
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March 02, 2018, 03:12:35 AM |
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indeed bitcoin has many functions other than bitcoin business assets can be used for payment transactions but the function can't be utilized by all bitcoin users due to regulatory factors applicable in each different country, as in my country bitcoin function is not as a means of payment but as an asset business such as investment and trading.
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knight20
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March 02, 2018, 03:28:35 AM |
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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. A universal kind of money or currency but it's depend on a country that will adopt will bitcoin. Because some countries banned bitcoin. So thats why both.
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XbladeX
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March 02, 2018, 03:40:45 AM |
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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?
all depends what is your own definition for me money can not be destroyed while currency can be and was over time . BTC is money becouse it holds its value overtime and you don't lose purchacing power holding it on average. Wtih currency you are in ass becouse of inflation : ) |
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chichigirl
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HELENA
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March 02, 2018, 03:57:48 AM |
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Bitcoin is a digital currency and will be able to convert into fiat or money. Bitcoin is money and a currency too. When we talk about bitcoin we always think that it is an asset that can be converted into cash.
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EVIAJOHNPAUL
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March 02, 2018, 04:02:18 AM |
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bitcoin money they many way to earn same to currency.  |
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ObscurePen
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March 02, 2018, 04:11:00 AM |
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Money is unreal, meaning imaginary, intangible - a concept.
Currency is NOT money, but merely represents money.
So, bitcoin is... ? LoL. Let's say that Bitcoin is a global currency or a monetary system of some sorts working on a global scale. It is not like a singular currency. Rather it can be converted into national currencies. This makes it an effective way of payment during holidays. It can easily be converted into the local currency. |
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removebeforeflight
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March 02, 2018, 04:48:08 AM |
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Bitcoin is obviously currency and money as well, the two things happen as per the requirement of the individual.
Bitcoin as money - You can store, invest and transact for purchasing with Bitcoin, obviously it is considered as money.
Bitcoin as currency - You could transfer your Bitcoin to any currency through exchanges since across the border is possible, obviously it is considered as currency as well.
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emanjun
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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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March 02, 2018, 10:17:42 AM |
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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 that two words best described bitcoin, It is a Cryptocurrency where we can gain money. If bitcoin pops up in our mind, we think that it is one of the best way to gain profit. |
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marcbitcoins
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March 02, 2018, 10:36:04 AM |
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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 currency power up by the money or fiat so therefore without money or fiat then Bitcoin will never exist as it will always rely on money but the money without Bitcoin currency is still a money. Therefore for me, Bitcoin is a currency that just for investments only so that we could possibly earn a lot of money for our future spending. |
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ayamboy
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March 02, 2018, 11:28:21 AM |
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In my opinion, Bitcoin is a digital currency. But Bitcoin will not be the money. Bitcoin can be transformed into virtual money from the virtual world. Bitcoin will be used instead of money in future.
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SirLancelot
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March 03, 2018, 08:32:00 AM |
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Bitcoin is capable of facilitating transactions at a low cost or can provide better risk-adjusted returns for portfolios, then it is as good as money.
The term we use for bitcoin is either crypto currency or crypto coin but the thing is it can be termed as both money as well as currency. It is a digital currency and can be used in order to buy different sort of things or to pay the bills at different places too. However, you can also cash out your bitcoins by selling your coins and then getting paper money in return in order to meet all your needs. |
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Lyne01
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March 03, 2018, 09:43:02 AM |
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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 currency, originally created as crypto currency. If you cash out bitcoin, that will be the time that it becomes money. Bitcoin is used as an online payment or tokens before. It is also a currency that people commonly used as a payment for investments. |
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MuffinMaster
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Pepemo.vip
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March 03, 2018, 10:10:56 AM |
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In some sense bitcoin represents material money cause like normal money it has the value for which you can buy something.
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atomicgroup
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March 03, 2018, 10:36:26 AM |
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From the definition quoted by you and even in fact, we can infer that money in form of paper and coins are commodities/items that are physical, can be touched and used for goods and services exchange, While currencies encompasses more than being touched or seen, can be electronically transferable for same purpose as money. We can hereby ascribed Bitcoin to be more of currency than money, because Bitcoin are abstract in nature, can only be felt electronically and used on line for goods and services exchange purpose simultaneously but on line within its common users only.
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balintong15
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March 03, 2018, 10:40:30 AM |
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money is a material thing that we are holding or depositing in a bank. currency is the thing that we are exchanging for our own consumption. for example, you need to exchange the dollar currency into peso so that in the philippines you can have something to buy. so i guess, bitcoin is both a money and a currency. because you will exchange it later for you to have money.
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goku1525
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March 03, 2018, 11:07:38 AM |
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money is a material thing that we are holding or depositing in a bank. currency is the thing that we are exchanging for our own consumption. for example, you need to exchange the dollar currency into peso so that in the philippines you can have something to buy. so i guess, bitcoin is both a money and a currency. because you will exchange it later for you to have money.
Bitcoin is a currency Which we transact payment through online. It is different from fiat money because the uses of bitcoin as currency is to have a faster and easiest way in terms of payment then also it contains investment which it has a possible to grow. |
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zhelis74
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March 03, 2018, 11:20:34 AM |
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From the definition quoted by you and even in fact, we can infer that money in form of paper and coins are commodities/items that are physical, can be touched and used for goods and services exchange, While currencies encompasses more than being touched or seen, can be electronically transferable for same purpose as money. We can hereby ascribed Bitcoin to be more of currency than money, because Bitcoin are abstract in nature, can only be felt electronically and used on line for goods and services exchange purpose simultaneously but on line within its common users only.
Yes, you have totally enumerated the comparisons between money and currency. As for me based on my own opinion bitcoin is both money and currency since literally bitcoin is a crypto currency or virtual currency and at the same time its a kind of money because it can be used to buy goods and services if it is converted to our own local money. |
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