Is Bitcoin Money or Currency

[imking]

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 has the capability to be money and currency. It means bitcoin is flexible it can make money or currency. This is the one like the bitcoin. Bitcoin can use as payment to some online store and restaurant. If the bitcoin can accept on the store, you can convert it into fiat or called money. The best of having the bitcoin is the faster of movement of the value on the marketplace. As a holder of the bitcoin, we should also to be flexible in order to achieve the target.

[Biggapp]

People are right it is both currency and money, because currency become money and bitcoin is also money, then why we need to argue with this, this both will result into money and cryptoCURRENCY!

I actually see no difference between this two. What I believe in is that, it is both a form of investment  and also, can be used as a currency. I must stand with this because these are ways how I use it. No need to quarrel about bitcoin. Let us just support it and be mindful of the possible changes that may happen. Bitcoin is a means of change in economic status.

As far I know Bitcoin acts as currency as well as money because we use it as a currency when we transact amount to someone else as payment and it is money as we invest in it and gives profit so it acts both as a currency and money. This is a modern mode of payment and currency that enables you to earn with it and save your money in it that will result in profit at the end.

[yvesp110]

For me its money, because it can be used as payment, were as in definition of currency it signifies in a particular country, And yeah bitcoin is money it is legally accepted as payment in some countries.

Bitcoin is a cryptocurrency and does all your cash can do. Cash vs Bitcoin is yet another topic of long debate. Bitcoin can be converted into cash easily using ATMs. The expansion of technology will initiate a new era of cashless or a society with limited cash in the locker and more in the wallet. Banking sector will take a huge shift to the next level. Besides, the technology has been accepted widely in the European countries and in America and has a wide range of application.

[Gudhal Untu]

If someday bitcoin can be used for direct transaction it will be money, and of course bitcoin value is not too fluctuating as it is now, so I prefer to say that currently bitcoin is currency.

[Irviyandi]

 Basically this bitcoin is a currency but in digital form that we can not hold by hand, but this bitcoin can be made a source of income also because we can do mining and trading in this bitcoin so many who consider this bitcoin is a place of income or eyes a decent enough search.

[stepwilli]

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.

Bitcoin is a digital currency. It is valuable it has high demand in market. You can also call it money because it will give you money. When you invest in Bitcoin at the time when the price goes down that time it will be useful for you to buy it and when you hold Bitcoin and wait for the market to goes up that time you can sell Bitcoin at high price and your money will become double and triple so you can say it both a digital currency which gives you money in form of profit.

[BitcoinMarketer39]

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 considered as a money today because there are a lot of online stores who are accepting cryptocurrency if you are interested to purchase something on their products.

[headache1327]

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.

[yanesna3]

In my opinion Bitcoin is money also currency,because Bitcoin is an investment and they only want to earn more money from holding it.Bitcoin is money in the digital world, so bitcoin is both money or currency

Easier to say is that bitcoin is money and currency cause it has the same use but in diffrent ways cause money could be paper but crypto not and crypto has bigger volatility, those are for me the only differences.

Certainly bitcoin is a money because it can use to purchase some goods and services or we can even exchange it in any form of our local money because it has value like a true currency, the fact that it is a virtual currency or not truly a currency a system design by our new technology to act like a true currency because it has a market value.

Well, in my opinion, Bitcoin is the currency. Yes, you can buy some stuff for it but it is not the money. BTC is too much volatile when the money is not characterized by it.

[basyang]

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?

That is a good question. well, My answer to the question about  bitcoin a money or a currency is. Bitcoin is a money. Know why?, because as of now, bitcoin is using for mode of payment of some stores abroad just like japan, china and USA. Money is a person has in his wallet just like bitcoin is also in our digital wallet. Compare to the Currency which is the money that a country uses and bitcoin is until now did not accepted by many people ,lots of people did not use bitcoin and some of them did not know it.

Thats why for me bitcoin is money because we individually use it even though some people is not interested.

[Oyetunde1]

It's a currency that's made up of Cryptography+ currency

[Boldcom]

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 both. bitcoin is a money, as well as a currency. money in the sense that it can be used to purchase products and good as long as the seller accepts it. currency as it’s also known as digital currency. a currency is the most specific use of the word, refer to money.

[Chrystora123]

of course, money because until now I still do not feel that Bitcoin is a currency even though Bitcoin is called cryptocurrency...this will not stop being asked and discussed by the crowds, especially new players in Bitcoin.

[Mylove risa]

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.

Bitcoin is useful as a money that has long-lasting, concise, exchangeable, rare, shareable, and recognizable properties. Bitcoin is supported on the basis of mathematical formulation rather than based on physical form (such as gold and silver) or confidence in the center (such as fiat currency). What is Bitcoin money or currency? this condition can be measured by the growth of users, sellers and early users. Like any other currency, bitcoin comes only from people who want to accept it as a means of payment.

[TechnoBibble]

Bitcoin is a digital currency that can be used through internet while money is physical that can be use in buying or paying bills without the help of internet we can use it to pay items we buy in small amount.

[Bit-Tech]

i think bitcoin is currency, its a digital currencies because as we can know that bitcoin is doesn't have the physic form that makes me said that bitcoin is digital and why i said currency? because the bitcoin is used by all people across the country, not in 1 country but every country in the world there are bitcoin user on it

[cxmyifan16]

I would say that Bitcoin is money now but in the future it will become the currency. I think that soon it will become the main currency all over the world due to the advantages it has

[nominee]

of course, money because until now I still do not feel that Bitcoin is a currency even though Bitcoin is called cryptocurrency...this will not stop being asked and discussed by the crowds, especially new players in Bitcoin.

It's money, we can spend it everywhere. We don't have questions about this. It's almost like a cash. We're totally free to cash out our bitcoins.

[Peple]

All my investments are now in the crypto currency, the usual money I have only for food and for life and I'm not worried about my assets

[Watchy312]

Yes bitcoin is a virtual currency and it is used by a lot of people today it is little equal to normal money used by people now because they had good feedback about bitcoin like their own currencies in future it will be used by all people in the world.