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Author Topic: Is Bitcoin money?  (Read 107617 times)
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June 06, 2017, 09:14:21 PM
 #1001

NYSE is seeing it that way now! Grin
http://www.coindesk.com/new-york-stock-exchange-launches-bitcoin-price-index/

It's about time too!
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June 06, 2017, 10:17:23 PM
 #1002

Although bitcoin prices are very high and many online stores and merchant use bitcoin as a means of payment but I do not think bitcoin is included money. I think online stores accept bitcoin then they exchange it for dollars. So still dollar as a reference price of goods, I do not think there is an online store that put prices with bitcoin, because the bitcoin price is not stable
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June 06, 2017, 10:21:05 PM
 #1003

Bitcoin isnt the new digital money with it you can buy almost anything, in fact you can buy anything you can buy with fiat, just need a bitcoin debit card and you will be able to buy anything. Soo yes bitcoin is money, and now is being used as store of value of some people that wanna to protect their money against the volatility of their currencie like Venezuela.
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June 06, 2017, 10:24:40 PM
 #1004

Bitcoin can be said of as a medium for trading. It could be called a commodity. However, gold and bitcoin are quite similar. Hence, if you believe that gold is money, then it could be argued that Bitcoin is also money.
For what reasons that they should argue about bitcoin is money? is it worth it to have that arguments despite of it's a aource of a fiat cash money onmost people who depend it right now. Well I can conclude bitcoin is money because of that ability of digital can be our sustainable source of fiat cash money. So therefore we can appreciate bitcoin as a money used for our spending and also for investments just like putting up a business that earns profitable income.

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June 06, 2017, 10:52:04 PM
 #1005

Bitcoin was first created by satoshi to free people from depending banks for transactions.So its clear that he created it as a protocol to send P2P transactions.But then,bitcoin value started growing and now its almost $2800 and so people started to treat it as an investment which would yield high returns.But it is also accepted as payment for products and services.So it could also be called as digital currency.It depends on the user how he treats bitcoin.
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June 06, 2017, 10:58:06 PM
 #1006

Yes for me bitcoin is a money as when i am converting it to fiat currency and can do all works and enjoy my life with it and run my family through it then it is money just like fiat currency.

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June 07, 2017, 03:43:53 AM
 #1007

Yes for me bitcoin is a money as when i am converting it to fiat currency and can do all works and enjoy my life with it and run my family through it then it is money just like fiat currency.
Thats right, bitcoin is money, it is also my source of income since i have to provide for my own studies, i have to pay for my tuition fee, my allowance annd also if i have to pay at school. Since i am earning enough money through bitcoin i was able to support myself in many aspects, i can also provide the needs of our family, i buy them a sack of rice that is all good for a month, and its really a big help since we have financial difficulties

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rainingbitcoins
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June 07, 2017, 03:45:45 AM
 #1008

Yes bitcoin is money to me as I can convert it to fiat money whenever I want and that can be used for buying anything and when you can buy something then it surely becomes a form of money.

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June 07, 2017, 10:33:21 AM
 #1009

I believe that the statement: "bitcoin is new kind of money" passes the duck test.

Bitcoins function as money (they're a unit of account, a medium of exchange, and a store of value), and if PayPal started allowing Bitcoin transactions tomorrow I'm certain they'd treat them as Just Another Currency.

If you like, call it a commodity, but I think all you'll accomplish is confusing potential users who might think they'll end up getting pork-bellies delivered to their porch if they don't get rid of their bitcoins.

bitcoin could be called both as money as well as commodity.
Bitcoin is used to buy products just like money.
Bitcoin is bought as an investment expecting to yield high benefits.hence it could also be called as commodity.
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June 07, 2017, 10:35:38 AM
 #1010

Surely Bitcoin is money, it is a real crypto currency could be fully used to make deals and trades online, and sometimes offline as well, and it can be exchanged for fiat anytime.
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June 07, 2017, 11:37:19 AM
 #1011

Yes for me bitcoin is a money as when i am converting it to fiat currency and can do all works and enjoy my life with it and run my family through it then it is money just like fiat currency.
Thats right, bitcoin is money, it is also my source of income since i have to provide for my own studies, i have to pay for my tuition fee, my allowance annd also if i have to pay at school. Since i am earning enough money through bitcoin i was able to support myself in many aspects, i can also provide the needs of our family, i buy them a sack of rice that is all good for a month, and its really a big help since we have financial difficulties
Haha, Bitcoin is "my life", is main source of income in my family. When I know Bitcoin, it helped me can find a job, can make money and take care of my family. With me, Bitcoin really is my life

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June 07, 2017, 11:51:35 AM
 #1012

Yes for me bitcoin is a money as when i am converting it to fiat currency and can do all works and enjoy my life with it and run my family through it then it is money just like fiat currency.
Thats right, bitcoin is money, it is also my source of income since i have to provide for my own studies, i have to pay for my tuition fee, my allowance annd also if i have to pay at school. Since i am earning enough money through bitcoin i was able to support myself in many aspects, i can also provide the needs of our family, i buy them a sack of rice that is all good for a month, and its really a big help since we have financial difficulties
Haha, Bitcoin is "my life", is main source of income in my family. When I know Bitcoin, it helped me can find a job, can make money and take care of my family. With me, Bitcoin really is my life
Even if you don't convert it to Fiat it will still be considered as a form of money even though only a few accept it, it can still be considered as a medium of exchange. Bitcoin has made it possible a decentralized currency in which people in the web are comfortable to use it. Lecam for example has proven us that Bitcoin can be a main source of income as it can provide for the daily and long term needs of his family.

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June 07, 2017, 12:13:26 PM
 #1013

Bitcoin may not be exactly termed or known as money,but it is a source of money,it is an intangible asset for any person but not a fictitious asset by any chance. It can be an important source of income for a person as it could help him in his difficult times,so bitcoin may not be technically termed as "money", but a virtual currency applicable for anyone.

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asonganyi
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June 07, 2017, 12:21:30 PM
 #1014

bitcoin is money and not a commodity. for a generally accepted commodity is money.
my question what can money do that bitcoin can not do? Huh Huh Huh Huh Huh

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June 07, 2017, 12:54:25 PM
 #1015

bitcoin is money and not a commodity. for a generally accepted commodity is money.
my question what can money do that bitcoin can not do? Huh Huh Huh Huh Huh
Honestly, bitcoin is considered as a money but found only in network. It is called as crypto-currency. When using legal money, we can bought what we want in the marketplace in our country but bitcoin is not. And the advantage of bitcoin, we can earn profit just by holding it for a years because its price is moving fastly. In short, bitcoin is use for investing and trading.

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June 07, 2017, 02:01:09 PM
 #1016

Bitcoin may not be exactly termed or known as money,but it is a source of money,it is an intangible asset for any person but not a fictitious asset by any chance. It can be an important source of income for a person as it could help him in his difficult times,so bitcoin may not be technically termed as "money", but a virtual currency applicable for anyone.
Yes,i agree with you.Bitcoin may not be in the form of our money like peso or dollar,but it totally contributes to sustain our daily needs.It can be a source of income since it hepls us to have a healthy lifestyle or even a luxurious living.Therefore,bitcoin may be considered money as it vanishes poverty from all over the world.




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June 07, 2017, 03:21:12 PM
 #1017

Yes! Smiley
bitcoin is a virtual money and its different from the actual that we're using in the real world.Bitcoin price is more valuable rather than fiat because  as we can see right now bitcoin price is rising or extending upward exactly from its demand.

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June 07, 2017, 03:22:56 PM
 #1018

Bitcoin is both, money and investment that's why bitcoin is unique like no others
When bitcoin occur, it's really help me a lot for my life and my school  !

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June 07, 2017, 03:35:09 PM
 #1019

I'm new here so don't really know the opinion here about this, but as far as I understand a currency and a commodity, I would say bitcoin is currently mostly used as a commodity to take benefit from it's fluctuation and as storage (similar to gold), I don't think it's considered a currency with how it is used now.
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June 07, 2017, 03:38:15 PM
 #1020

I will not actually call it until it is widely accepted as payment. Bitcoin is a technology but many call it money, this technology is very ueful to transact even to some countries.

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