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Author Topic: Is Bitcoin Money or Currency  (Read 5695 times)
Ryker1
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May 09, 2018, 08:48:30 AM
 #601

In my opinion it is both money and currency. As a virtual coin, you can use bitcoin to buy such things just like money. You can buy some things with it even if you don't convert it or you convert it. As for currency, bitcoin value can be converted in US dollars. Just like any other currencies, its price also changes just like any other currencies. So for me it's crypto currency and a virtual money. That's why I can say that it is the same.









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ElonCoin.org.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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mahfuj7779
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May 09, 2018, 04:36:46 PM
 #602

Currently the name of Bitcoin is known to all. Bitcoin Cryptocurrency and Money There are many online shops and bank accept Bitcoin.
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May 09, 2018, 07:03:35 PM
 #603


Health is wealth. Gold is money. Crypto backed by Blockchain authenticated premium income producing assets are the future. Everything else is credit.
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May 09, 2018, 08:15:21 PM
 #604

I choose both. because it can be made for the transaction tool and only the two different technology systems for exchange. both are the same money.
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May 09, 2018, 09:04:19 PM
 #605

Bitcoin is a something that you can spend anywhere and anytime.
Dark Sky
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May 09, 2018, 09:20:33 PM
 #606

Bitcoin is a something that you can spend anywhere and anytime.
Yes we can spend bitcoin anywhere and any time because it is a digital currency and that's why its use is very easy and I think when we use it in our country i mean sell it in our currency so it will change in money and we can buy anything in this money.

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May 10, 2018, 03:56:36 PM
 #607

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.
nilstairsa
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May 11, 2018, 07:15:26 PM
 #608

Let it remain currency for some idiotic nations only and don't make it money to increase economic chaos.
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May 12, 2018, 12:56:15 AM
 #609

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 bitcoin is currency, it is not real money.  bitcoin also payment system.
GamerPapaRoach5
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May 12, 2018, 10:24:33 AM
 #610

I think you have mistaken in the definition by interchanging the definitions of them.
yakafi
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May 12, 2018, 11:09:23 AM
 #611

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?

Both, I think bitcoin is money and currency. because bitcoin is payment system and bitcoin is also investment.
Mancung
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May 12, 2018, 11:47:23 AM
 #612

bitcoin are both money and currency.. it is a cyptocurrency which you can also make money from it. Yes we can say it is money in a crypto currency form
mejalipat
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May 12, 2018, 12:08:22 PM
 #613

I think bitcoin is not money but only as a currency in digital and we use it online because bitcoin is a digital currency that we can not use as direct payments like the official currency
dinar99
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May 12, 2018, 12:24:40 PM
 #614

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 bitcoin is crypto currency, So, it is currency
 Because the bitcoin is still high volatile, it cannot be used as money. maybe un future it is stable. it is my opinion.
cherrymobile
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May 12, 2018, 12:39:58 PM
 #615

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?

it is currency circulating in the world of cyber. then it will become money when bitcoin has been transferred in dollars or other country currency. it will be converted and will be official money then you can spend it on other things like shoppings buying a brand new car. house and lot and other more. because this cryptocurrecy volatile is very umpredictable.  they can use it on other payments. so we can say that bitcoin is a currency and money afterall.
guffie
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May 12, 2018, 12:46:07 PM
 #616

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?
Yes, of course, I choose both. I chose my country currency and I chose also digital currency like Bitcoin and other coins. Both are very precious currencies. My country's currency is always my use in everyday life and digital currency I use for future investment assets.
TooDumbForBitcoin
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May 12, 2018, 12:58:00 PM
 #617

You can't classify bitcoin to one of the categories, because it is a new kind of assets. We haven't right definition for now.



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Haladay
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May 12, 2018, 01:08:43 PM
 #618

I think bitcoin is not money but only as a currency in digital and we use it online because bitcoin is a digital currency that we can not use as direct payments like the official currency

Bitcoin is like a hologram-like structure. When you cash it out, bitcoin is money. When you invest in it, it's like an asset. When you use it in your shopping and trades, it's a currency. Bitcoin is not one dimensional thing. It has many dimensions.
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May 12, 2018, 01:14:10 PM
 #619

In my opinion, bitcoin is money and currency. You can use bitcoin to buy, and it is classified as cryptocurrency, so I think bitcoin is both currency and money. I think the question here should be, when will the world accept fully that bitcoin is a currency and that you could use it to buy things because bitcoin is as good as money.

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hamdun
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May 12, 2018, 01:47:15 PM
 #620

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?

Yes bitcoin can be called bitcoin money and also currency, bitcoin is money because it is a payment medium, like when you use money to buy your needs, it's just bitcoin is digital currency.
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