Is Bitcoin Money or Currency

[Peple]

I think your portfolio should have 25% bitcoin, 25% for your favorite and for all other coins at 5%

[Ishiro5]

This will be answered as we go along. For now though, on a long-term basis, it can be considered a good store of value which inadvertently would mean 'money'

[hhk1045]

I think Bitcoin is neither money nor currency. It is a asset like gold or silver because it has limited amount and isn't  coined by any central bank or government.

[yonjitsu]

Bitcoin is both money and currency for me because once you have this digital currency, you can buy anything you like because you can convert your bitcoin currency to real money or fiat anytime you like. Therefore i don't really care enough if about it as long as i can buy anything i want if i have bitcoin.

[randyjayag3]

Bitcoin is defined as digital money.

[Idaujotaite]

 I would say it’s a little bit of both. You could even call it a payment system. Because it is a form of currency but at the same time it is money

[newcollegestar]

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?

if I think personal currency or bitcoin money is very influential for our lives, such as for the necessities of life, because today the money is very sought after many people to achieve their desires.

Bitcoin acts like square that gives you six major advantages and therefore we can say that Bitcoin is like money for us and the same as we are using it as currency which is still much benefited and we are going with it with both of the increase in knowledge and as well with increase in profit. Bitcoin wholly acts as currency and money that we save for future plans.

[thrylos]

Paper money is just a representation of the real one in a national bank of a country, meaning it is not real and the real one is in the bank which is the gold. Bitcoin is not a gold and most probably can not be consider as money for now because it represents to nothing which is belong to a centralized.

Bitcoin is a representation of the masses of people longing to be free from unsatisfying service of centralized power, to sustain the longing of people so I better called it currency than money.

[Camorra Dev]

I would say as for now the bitcoin is like money or the payment method that people who own it actively use, but the more popularity bitcoin has the higher the chance for it to become a currency. Also, in addition to those two options it is like very powerful technology.

[nematography]

Bitcoin, or gold, in contrast, can be considered money in its truest definition. Bitcoin’s market value, in US Dollars, was about a five cents five years ago and is currently just under $250 USD. Critics love to bring up the peak of $1100 in November of 2013, but that was obviously a bubble created by Mt. Gox “Willy Bots” and China’s ability to buy Bitcoin before government intervention. Now that the market has corrected itself, Bitcoin has returned to its original trajectory it would’ve had if Mt. Gox hadn’t occurred. Its current value is well ahead of its value in October of 2013. The point is Bitcoin is anti-inflationary and is designed to be a store of value. It cannot be inflated to destroy its future value to pay for wars or debt. It is not debt-based, nor government controlled by a private subcontractor. It is governed by mathematic algorithms, and you know how many bitcoins there will be now and decades into the future.

[websoftwareengineer]

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?

In my own opinion, cryptocurrency is considered as money today because there are a lot of people who are using bitcoins and altcoins , there are online stores as well wh oare accepting cryptocurrency because they want to earn bitcoins.

[15putriutami]

I think both of them, because bitcoin is very useful for people and can be money or currency crypto.

[uozer]

Money is currency because it is a medium of exchange for goods and services. Bitcoin is also Currency because it is also serving as an exchange medium, but we can never ascribe Bitcoin to be money for the fact that it is not physical to our naked eyes. It is abstract in nature, virtual on line. We only believe in its existence and workability. Different kind of logos on ground are just in use to depict its existence. Hence, Bitcoin is currency and not money.

[sajjad100]

Bitcoin is not money. It is more of a digital money. In general, bitcoin is a digital currency which is really very popular all over the world. This currency represents money in a great way. It is a new definition of the value of money. In overall bitcoin is a digital currency which represents money.

[Crazygreek]

If internet is country it means that bitcoin is currency. In other cases we can't say that bitcoin is currency because it will ruin the defenition of currency, but to be honest it is doesn't matter.

[AlekSandRAx]

I think his statement says everything

"Announcing the first release of Bitcoin, a new electronic cash
system that uses a peer-to-peer network to prevent double-spending.
It's completely decentralized with no server or central authority." Satoshi Nakamoto

[Lang09]

As i understand about bitcoin, it is an intangible coin/currency that is used for online payment for goods and services with a very fast transaction speed. The receiving party will of course receive bitcoin too that is that can be traded into a form of fiat/money which is the tangible one.

[mimienamphine]

If I may ask, what is the difference between money and currency?. But to me, I think that bitcoin is more powerful than even a currency or money. The untapped resources that are yet to be discovered by the world. Bitcoin is really very powerful. Bitcoin will change the story of many nations and make them economically more stable. All the countries have to do is to legalize bitcoin.

[nurbay]

In my opinion, Bitcoin means both.
During this time, Bitcoin is used as a medium of exchange and is a money system used to perform transactions such as purchases, sales, and investments.
Bitcoin is a digital currency that is intangible but has a very high price value.

[shiki3226]

Bitcoin is a form of currency though not really money. Money refers to a physical kind of mode of payment and we know that bitcoin is more of virtual.