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Author Topic: Is Bitcoin 'real money' to you?  (Read 70616 times)
AtheistAKASaneBrain
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December 16, 2015, 06:14:23 PM
 #301

I invest into bitcoin to have more options into spending in the future. In a way it is like real money because you can spend it, save it and earn it. Just like the cash you use everyday.

Yeah the difference is it is online. That is why some people think it is not real. They are telling people to get away from bitcoin because it is bad and is not real. Those who havent experience using it ill stay that way without knowing it is useful.

Yes due to no physical form (not most commonly used), people are lagging on recognizing bitcoin as real money. Even we can have physical bitcoin with private key in it, many people are not accepting it as real money. Without knowing the facts of bitcoin many people are staying away and asking other people to stay away.

The main reasons the average joe stands away from Bitcoin is because of it's high volatility and general misunderstanding of the thing, they still think that it's some weird technology used by terrorists because that's pretty much what mainstream media has said yet and most average people get their news from the mainstream media.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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SmartIphone
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December 16, 2015, 06:19:20 PM
 #302

Bitcoin was not a real money to me at the beginning,
But time by time more opportunities has become true and we can spend almost everywhere the bitcoins
Amadues
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December 16, 2015, 06:20:38 PM
 #303

For me it's not a real money, it's a real digital gold.
You can "mine" use spend exchange etc etc… Fantastic!

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Beliathon
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December 16, 2015, 06:29:19 PM
 #304

Only Bitcoin is real money. As one who loves reason and loathes violence, it seems insane to me now that I ever supported violence-backed fiatscrip bloodnotes.

I was joking about the whole "nuke this and that" thing, by the way. Just having some fun. Not about Donald Trump though. *winks at mods*

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
Denker
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December 16, 2015, 06:29:35 PM
 #305

Yes Bitcoin is money.
Here is reason why: unit of account, portable, durable, divisible, fungible, store of value
These are the main features "real money" should have and Bitcoin has all of them.

By the way all the USD, Euro, Yen, Yuan etc. is no real money.This is currency!Big difference! Currency never holds it's purchasing power over years and decades.Therefore it lacks the feature as store of value.
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December 16, 2015, 07:34:57 PM
 #306

a meta for investing. for me nothing more for now

 
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sishendaoye
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December 16, 2015, 08:25:23 PM
 #307

Maybe bitcoins is not a fiat money, but is still a money a digital money that you can spned, buy things or save it.
For me bitcoins is the awesome thing in the world (as money of course).
Nameless Coin
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December 16, 2015, 09:39:57 PM
 #308

Bitcoin doesn't look a real money, but you can pay with if or other things. Bitcoin is just a money is online and easy to pay.
People who thinks is nor real is people that didn't jump the train of bitcoin.
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December 16, 2015, 10:10:40 PM
 #309

It is simple think gold is not look like money but someone wants to take gold so it is mean money
btc is real and someone wants to buy it and we can buy with them everything so it is look like real money
Blue_Tiger73
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December 16, 2015, 10:23:10 PM
 #310

Of course it is real money to me. Why wouldn't it be, I use it just like it was fiat. It is going to be the new currency, I hope.
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December 16, 2015, 10:25:50 PM
 #311

Of course bitcoins is real money, weekly or monthly
I exchnage my bitcoin to fiat money, to pay for all the purposes of my life, very useful
HarryKPeters
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December 16, 2015, 11:03:33 PM
 #312

I looked up the definition of money

Money

"A medium that can be exchanged for goods and services and is used as a measure of their values on the market, including among its forms a commodity such as gold, an officially issued coin or note, or a deposit in a checking account or other readily liquefiable account.""
http://www.thefreedictionary.com/money

The moment you can use it to buy for goods/services it IS real money so yes it is real money.

beautifulworld1212
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December 17, 2015, 03:06:42 AM
 #313

Yes it is same real money we can use it just like real money
Imoote
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December 17, 2015, 03:12:31 AM
 #314

I assume that bitcoin is a way to earn money collecting. I am sure each gets bitcoin exchange used to the new currency I use the money. So I never bought using something because I prefer to buy directly use the money. And usually I do not buy the money but my bitcoin exchange of the tube in advance and if you want to use me take some
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December 17, 2015, 03:14:57 AM
 #315

BTC is real money.

It is also a unique asset class that has low correlation with other currencies and asset classes.

This makes it more valuable, since it can help diversify a portfolio and thus reduce its variance in returns over time.
 
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December 17, 2015, 03:29:47 AM
 #316

for me bitcoin is real money because i ever bought something online several times using bitcoin,

and i ever bought something from the stores using bitcoin and i also ever cash out the bitcoin

so i don’t see any different bitcoin with the money usually i have to spend with, with bitcoin i also able to pay somebody and do investing and transaction, so yes for me bitcoin is real money and the best thing is the price is better compare to money


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December 17, 2015, 04:02:18 AM
 #317

YEAHHH, of course it is. When I first heard about it from a friend, I thought he was bsing this, so I thought btc was like a video game cash. But it acts and does the exact same as real dollars.

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December 17, 2015, 04:21:16 AM
 #318

YEAHHH, of course it is. When I first heard about it from a friend, I thought he was bsing this, so I thought btc was like a video game cash. But it acts and does the exact same as real dollars.

For me too Its real money But its in a digital form of crypto currency. It has international value more than all fiat currency So Bitcoin is undoubtedly Its a real world money.
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December 17, 2015, 04:24:52 AM
 #319

There's a consistent theme that I see popping up on here that I find rather fascinating, and that is the way that many posters perceive BTC.

What do I mean? People doing things with BTC that they'd never, ever dream of doing with their dollars - gambling as an 'investment', or gambling at all, pouring coins into bullshit investment schemes run by totally anonymous showers of shit, lending on here to shambolic morons, asking the question 'where do I get free coins?'

Considering how much of a pain up the arse it can be to obtain coins and keep them safe and their future potential, I find it bizarre that there's such an extreme disconnect. I would've thought it should be at the opposite end of the scale but that's clearly not the case for many.

Why do you think this attitude has developed and where do you stand yourself?
Journalists and academics also dispute what to call bitcoin. Some media outlets do make a distinction between "real" money and bitcoins while others call bitcoin real money this is declared in Wall Street Journal commodity in December 2013. According us its a real money Just move forward with that Don't see them.
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December 17, 2015, 04:27:52 AM
 #320

Nope, because I cant use to buy in offline nor online way, that is because there is no merchants starts accepting bitcoin..
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