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Author Topic: Is Bitcoin money?  (Read 108231 times)
nod
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June 15, 2017, 08:16:39 AM
 #1081

In my opinion, Bitcoin is not also money but a way to store money value as well, you can use your Bitcoin in your own way
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June 15, 2017, 08:17:31 AM
 #1082

In my opinion, Bitcoin is not also money but a way to store money value as well, you can use your Bitcoin in your own way
I think so, Bitcoin is much more than money because you can hold Bitcoin as a way to invest your money like Gold


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June 15, 2017, 08:28:23 AM
 #1083

In my humble opinion, Yes, this is money of a new generation and like the development of currency generally. Of course, they will not become the main single currency in all countries soon or maybe ever, but it will become an additional coin that will serve as a bridge between all coins IMO.
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June 15, 2017, 08:32:12 AM
 #1084

I consider it (BTC) as both a virtual currency and a regular money, it even can be considered a stored item considering the holding attitude some bitcoiner's use.
the basic thing about money is the fact it can be used to buy things, that can be used with bitcoins and hence you can not look at it as anything other than a coin.

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June 15, 2017, 08:42:35 AM
 #1085

In my opinion, Bitcoin is not also money but a way to store money value as well, you can use your Bitcoin in your own way
I think so, Bitcoin is much more than money because you can hold Bitcoin as a way to invest your money like Gold
Well, if like that, you mean that bitcoin is both money and investment tool. Well that may be true. But I consider bitcoin more than that. Bitcoin gives me enough income every month, so I feel that bitcoin is, equivalent to gold, or even better.

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June 15, 2017, 11:02:26 AM
 #1086

In my opinion, Bitcoin is not also money but a way to store money value as well, you can use your Bitcoin in your own way
but to me bitcoin is really money, because he have the ability to use bitcoin for online shops without changing it in to any other currency. while in some area now it can also be use in local shops and even there you do not need to use change it in to any other local currency.

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June 15, 2017, 11:49:40 AM
 #1087

I don't see why it's not money, even though it doesn't exist in paperform, you can store it physically on a usb stick, hard drive or even on a piece of paper. In the future the normal paper money we know today will probably go away.

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June 15, 2017, 12:32:47 PM
 #1088

If you could buy things, pay your bills or load you prepaid phone then I don't see why bitcoin is not considered as money.

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June 15, 2017, 03:18:34 PM
 #1089

In my opinion, Bitcoin is not also money but a way to store money value as well, you can use your Bitcoin in your own way
I think so, Bitcoin is much more than money because you can hold Bitcoin as a way to invest your money like Gold
Well, if like that, you mean that bitcoin is both money and investment tool. Well that may be true. But I consider bitcoin more than that. Bitcoin gives me enough income every month, so I feel that bitcoin is, equivalent to gold, or even better.
It's definitely better than gold.Bitcoin gives us a decent income that can fully sustain our basic needs.It's somehow where we rely on especially in our financial problems.Nevertheless,bitcoin is also considered as money because of its indeniably high profit offered.

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June 15, 2017, 03:45:46 PM
 #1090

In my opinion, yes, but moreover, Bitcoin is much more bigger than money, you can store Bitcoin and wait for the price to rise up (like gold)
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June 15, 2017, 03:58:03 PM
 #1091

In my opinion, yes, but moreover, Bitcoin is much more bigger than money, you can store Bitcoin and wait for the price to rise up (like gold)
I agree with you, Bitcoin is just money for me, I use Bitcoin t pay fr my daily life so that Bitcoin is money, no more, no less


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June 15, 2017, 04:39:01 PM
 #1092

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.

I also do believe on the statement that bitcoin is a new kind of money. Technically Bitcoin is a money in the case that is does have price and value. And the value of Bitcoin is can be used in transaction with the used of wallets. So it a new kind of transaction where it is fast, easy and reliable. And it has many aspect in terms of development on its transaction, price and security. Some can say that is the future money where it may be the one of the universal currency that can be done all over the world like fiat.

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June 15, 2017, 06:21:49 PM
 #1093

Bitcoin is 'other money'. I can shop online using bitcoin. I no longer need use credit card to shop. Only invested 1btc a few years ago, until now i have enjoyed profit more than $ 3k from trading, and amount of bitcoin i have remains intact thats 1btc.


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June 15, 2017, 06:40:24 PM
 #1094

In my opinion, yes, but moreover, Bitcoin is much more bigger than money, you can store Bitcoin and wait for the price to rise up (like gold)
I do not know that why some people have doubt about that bitcoin is not money. I think there should not be any doubt about that bitcoin is money. because we can use bitcoin not only for online purposes and we even do not need to convert our bitcoin into local currency but we can also use it in local shops if we have the facilities like brazil where the shopkeepers are accepting bitcoin, there they also do not need to convert it in to local currency.
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June 15, 2017, 09:24:49 PM
 #1095

I'll never tire of repeating that bitcoins are not for me personally money, but the goods through which I earn money. I would very much be sorry to give Bitcoin for some goods I buy it. I will save and buy Bitcoin, thus building up my reserves in cold storage and expecting the future, When it is possible to become a very wealthy person.

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June 16, 2017, 03:31:01 AM
 #1096

Since I can convert my Btc Into real cash and then I can buy goods or services from those cash . I would say Its money as Money do have similar characteristics

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June 16, 2017, 06:42:10 AM
 #1097

Bitcoin is money, mainly because it fits the description of something that can be exchanged for items and services and has an intrinsic value, it can't be used everywhere like the other currencies (Except USD and EUR) but is still a leading currency that can be exchanged to the rest, I see bitcoin as money.

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June 18, 2017, 03:00:18 PM
 #1098

For me I consider it as a money.Cause it has a Value it has somethiung to do if you buy using bitcoin.And anything that you exchanges with an Item it is a money even though it is not a mkoney cash,but surely you can use this in buying items

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June 18, 2017, 03:47:28 PM
 #1099

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

Exactly! Bitcoin is money. It is what you use when you buy something, right? Just like a dollar bill, bitcoin is an invention we agreed to assign a specific value to in order to be used for purchasing. I would also claim bitcoin as a currency which is only applicable online. Bitcoin is a digital or virtual or online money or currency.

A commodity? Yes, it is also a commodity. It is something that has a specific value or use.



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ElectricCake
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June 18, 2017, 03:49:05 PM
 #1100

Of course it's money. It is used to pay for many goods. If we are being serious here, is paper money really money? Not really, it's just paper with ink on it.
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