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Author Topic: Is Bitcoin money?  (Read 100584 times)
Shady
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July 20, 2017, 01:50:01 AM
 #1161

Bitcoin is fully able to spur transactions, like all coin... This mega amount links to the cryptocurrency economy no matter the exchange rate.

It's full capacity seems to eradicate the fear because of how it keeps increasing by staggering amounts. The real passion comes from early creativity and no currency has been able to make people millionaires over short years unlike BTC... So that gives this currency feel just like superpower countries in comparison, that in turn could be real money.

The unique qualities surpass each upbringing and more than one alt-coin included will be classified as money as well because of standard rate.

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July 20, 2017, 01:50:11 AM
 #1162

I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.

+1 agreed.  It's a commodity, a digital store of value.


I think it is both money and a method of online transactions as well as fast, compact and extremely secure. Besides, it can also be a measure of value so that we can weigh things or other currencies.

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July 20, 2017, 01:58:05 AM
 #1163

I think we don't need any lawyer to say, that BTC is simply NOT A CURRENCY.
The currency has one or two of these two features:
- it can be used to pay taxes and the state cannot refuse to take it
- has the value for its material features (e.g. gold)
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July 20, 2017, 02:34:37 AM
 #1164

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
Bitcoin is a kind of money, or rather a smart money. It's not like the other currencies are only used in a certain range, it can be used anywhere to accept it.

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July 20, 2017, 05:10:51 PM
 #1165

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.


Yes for me too it is the new form of money, not just bitcoins but the other altcoins because they can be exchange into a real money. And anything that can used to buy is helpful and we can considered it money. Just like gold, bitcoin is like the future gold. I know in the future bitcoin will be our official currency and not just bitcoins but all of the crypto currencies.
Some people say that Bitcoin was a new era of money and I think so. More people accept to use and invest Bitcoin everyday. I even use it to pay school fee as the age of 15. I go shopping and buy some stuffs online. To me everything is money if I can use it to buy thing. And yes, Bitcoin is money, a new and strong cryptocurrency
 

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August 05, 2017, 11:30:14 AM
 #1166

The answer is YES!

Because in Finance, the basic definition of money is something that is being used for payments for goods bought or services rendered. Which is why Bitcoin is considered as money. It is used for transactions and payments for participating in a signature campaign. And for the others, they are using it in transactions through digital payments instead of paper money.

For better understanding, money is not just cash. Cash is a paper money that is the standard use for transactions. Cash is just one of the kinds of money we have. Bitcoin, gold and even consumer products can be considered money if they are being used for transactions.

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August 05, 2017, 12:19:27 PM
 #1167

Bitcoin is the virtual currency This currency is like a currency in every country, but only available in the digital world. Bitcoin is also not really a palid currency, bitcoin is just a media barter from bitcoin to the currency in each country. The bitcoin excess bitcoin is a cross-country currency, and it's very convenient and certainly benefits bitcoin users.

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August 05, 2017, 12:27:49 PM
 #1168

Bitcoin is a kind of money, or rather a smart money. It's not like the other currencies are only used in a certain range, it can be used anywhere to accept it.

But currencies = money. That's the only question that we have to answer although it's a thing that everyone should be thinking of that bitcoin's acceptance is still not that wide though.



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August 05, 2017, 04:56:58 PM
 #1169

Bitcoin is money, and money isnt bitcoin. Bitcoin works better than money we've been using. Modernity is happening, making bitcoin perform better than paper money. For me who live in a third world country has potential for inflation currencies higher than europe make bitcoin as an alternative to savings.

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August 05, 2017, 05:01:56 PM
 #1170

Bitcoin is generally accepted as payment, it is a medium of exchange and a store of value, so i will say that it is money

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August 05, 2017, 05:11:46 PM
 #1171

I would like to say that i'm a investitor and also a girl who is promoting the BTC to became legalized and use in country's where its not avaible.
The BTC are like golds if you have a gold you can exchange them to money, but BTC is a level higher than a gold also is a trustable money which cannot be
controled by Goverment or some other organizations (Bilderberg etc), also no one can steal your BTC. I'm #Supporting BTC !
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August 09, 2017, 07:05:51 PM
 #1172

I consider it as money cause we can use it to pay and for me it is the only value of money,
For me money is just something that can be used to pay for something so therefore I consider bitcoin as money.
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August 09, 2017, 07:23:21 PM
 #1173

I consider it as money cause we can use it to pay and for me it is the only value of money,
For me money is just something that can be used to pay for something so therefore I consider bitcoin as money.
For today Real life is very expensive, and it is very difficult or even impossible to survive without money. Daily expenses for everyday needs, as well as payment for a paste pate, you need to use real money. So far, Bitcoin can not give this. Although I view Bitcoin only as a commodity with the help of which it is possible to realize and earn real money.


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August 09, 2017, 07:42:04 PM
 #1174

yes bitcoin is money but a special kind of money, which continuasly increasing, i mean growing and make you rich if you have them.

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August 09, 2017, 07:49:32 PM
 #1175

I consider it as money cause we can use it to pay and for me it is the only value of money,
For me money is just something that can be used to pay for something so therefore I consider bitcoin as money.
For today Real life is very expensive, and it is very difficult or even impossible to survive without money. Daily expenses for everyday needs, as well as payment for a paste pate, you need to use real money. So far, Bitcoin can not give this. Although I view Bitcoin only as a commodity with the help of which it is possible to realize and earn real money.

If you think of it as a commodity then there is no problem it can always become a money once you sell it so still it is considered money.
An item to which we could trade and get something using it is considered money for me. In fact before they use gold coins or just gold to buy and sell. But what will be it in the future. In fact now we are already experiencing it now. Online payments although the most used is credit card. Someday that will be upgraded too.4

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August 09, 2017, 07:55:11 PM
 #1176

I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.

+1 agreed.  It's a commodity, a digital store of value.

+1 agreed. its not a money but we can exchange it as a real money. and Even the shops there are accepting Bitcoin as payment for the service or for an item that was bought.
You said it's not money but you can exchange it to money, buy things with it without exchanging it to money etc, right?
It is pretty much what you can do with money so bitcoin is money. To be honest you can't agree with someone and than write completely different opinion.

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August 09, 2017, 07:59:56 PM
 #1177

Bitcoin can be utilized like whatever other cash. So you can pay for any merchandise or administrations with Bitcoin.We can likewise do what we can with genuine cash with Bitcoin. That is the reason Bitcoin is a cash. The main distinction is the advanced money.Bitcoin is the best-computerized cash for quite a long while and later on, it will have a decent point of view

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August 09, 2017, 09:57:45 PM
 #1178

initialy bitcoin was created just to simplify things, to make it eaiser for us to use moeny but in a crypted way,but as time went on bitcoin became more like an investment just like gold, it has a high value people save it until some day they run of paitience or money.

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August 09, 2017, 10:05:48 PM
 #1179

yes bitcoin is money but a special kind of money, which continuasly increasing, i mean growing and make you rich if you have them.

Money or currency, yes there is a special something in bitcoin. Why? Because every year bitcoin's price is increasing and unlike other money, their value are depreciating because of the inflation and it is depending too in their economy. But with bitcoin's economy, I can say that this money is worth to invest as it will give you a lot of benefits.

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August 09, 2017, 10:16:18 PM
 #1180

initialy bitcoin was created just to simplify things, to make it eaiser for us to use moeny but in a crypted way,but as time went on bitcoin became more like an investment just like gold, it has a high value people save it until some day they run of paitience or money.
I agree it's an investment which can bring you huge profits with time so it's treated more like a store of value at present but bitcoin has the potential to serve as money too and I am sure that as there's a worldwide adoption of bitcoin it will serve both as store of value and money too with which we can buy almost everything we are offered so I think bitcoin needs only a little more time to prove itself as money too.
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