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Author Topic: Is Bitcoin money?  (Read 100247 times)
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August 25, 2017, 12:35:29 PM
 #1301

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  !

Yes your are right bitcoin is money as well as investment because as in term of money we can fulfill our need from bitcoin and can be use like money in online shops while in term of investment there is no best investment site other than bitcoin as a lot of people know this.

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August 25, 2017, 07:57:50 PM
 #1302

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
I do agreed with you sir, Though I'm a newbie in this industry, I saw that bitcoin is such a potential things virtual currency, where its impossible in the sight of many that bitcoin is not a money. But, it is money for me as long as you can convert it into a real cash according to what country you belong it will be convert. Which means it a real money Wink
Bitcoin is money for me also. However, I don’t consider gold as money. Gold is an asset in true sense. I haven’t come across anyone who gives gold for availing services but people pay Satoshis for the services they enjoy like shopping, eating in restaurant, buying tickets or gadgets.

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August 25, 2017, 08:32:06 PM
 #1303

yes, bitcoin is not actually the MONEY, instead, it is said as a MONEY PROCESSING SYSTEM. it's like PayPal but in another higher level like (super Saiyan God) anyway we should never forget why money is made. many years ago people trade goods for goods then they started exchanging gold coins for goods and now it is evolved so much that now we exchange a paper for another paper. we became a slave so Bitcoin came and saved us all from this slavery coin system.


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August 25, 2017, 08:55:39 PM
 #1304

We can define money as a means of exchange. Today, we can buy goods and services with money.
Bitcoin can be used as a means of exchange like dollars. We can buy everything we can buy with money with bitcoin.

From this point of view, we can call it a digital currency for bitcoin.

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August 25, 2017, 09:20:45 PM
 #1305

Bitcoin is more than money. It is virtual gold. It is a valuable commodity. It should be on the new channels when they run financial markets.



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August 25, 2017, 09:27:43 PM
 #1306

Bitcoin is not money until it been converted to your local paper currency.

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August 25, 2017, 10:23:26 PM
 #1307

Bitcoin could be called both as money and commodity.
Since people invest in bitcoins with the idea of getting more returns,it could be considered as a commodity.
But at the same time,bitcoin could be used for buying goods and could be easily transferred like currrency.Hence,bitcoin could also be considered as money.
Bitcoin is both but since satoshi created bitcoin with the purpose of being a currency then I think that is the way we should consider it.

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August 25, 2017, 10:47:21 PM
 #1308

Bitcoin is better than money. Its a way for us to take control of our money without any government or third party involvement.
Yes you are right. This is something superior to money. For many people it is the reason they can earn money. And I am one of them. Bitcoin is not just a money it is better than that. Money cannot be controlled easily but through bitcoin we can have control over our money. So the thing that keeps safe is always better than that to be kept safe.

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August 26, 2017, 01:00:33 AM
 #1309

Bitcoin could be called both as money and commodity.
Since people invest in bitcoins with the idea of getting more returns,it could be considered as a commodity.
But at the same time,bitcoin could be used for buying goods and could be easily transferred like currrency.Hence,bitcoin could also be considered as money.
Bitcoin is both but since satoshi created bitcoin with the purpose of being a currency then I think that is the way we should consider it.
Satoshi created bitcoin because he is so done with the problems of our fiat money and using bitcoin we can benefit the decentralization of it and we can be our own bank without worrying for the government or any organization that can interfere us from using it on anywhere we want. Bitcoin is freedom and the solution for the inflation and that is why it is the best money right now.

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August 26, 2017, 01:32:52 AM
 #1310

If we will answer this question literally I don't think that bitcoin is already counted as a money unless you turn it into cash. I don't think that there's existing bills or coins of bitcoin. It is just a tool like gold that you can changed to money. Yen, dollar, real, peso, etcetera.. Those are what I consider as money. Money should be tangible.

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August 26, 2017, 01:39:37 AM
 #1311

I agree with you bitcoin is a digital currency beyond fiat money .. bitcoin you can use for various purposes transactions easily, fast without third party .. bitcoin also you can use a good inbestasin means .. if you want to benefit from bitcoin Amda just need to save the coin. The longer you save you will get many benefits. Bitcoin has increased in price from time to time .. should immediately buy bitcoin for your investment.

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August 26, 2017, 03:16:17 AM
 #1312

Better than money.

Money does not grow.
BTC grows in time.

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August 26, 2017, 03:22:08 AM
 #1313

Better than money.

Money does not grow.
BTC grows in time.

Bitcoin only grows for a limited time. The settings are currently that in the year 2021, the final Bitcoin will be mined. Keep in mind, however, it could happen far earlier or later in fact - there is no way to know for sure. It depends on how fast computer technology evolves. For example, if quantum computing is developed enough by that point to mine Bitcoin then it could all be mined within just a few decades or even less. hahaha



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August 26, 2017, 03:29:33 AM
 #1314

bitcoin will always grow as you can see currently. real money also grow but not like bitcoin. the fact money held government. bitcoin held by community demand. bitcoin can be use for real money and buy stuff in the internet. it has value to buy and sell. even can trade to real money if you want too. so yeah bitcoin is a money that can be use for real life to buy and sell something.what is better. bitcoin still grow and grow to a very expensive coin in the world.

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August 29, 2017, 11:41:57 AM
 #1315

bitcoin will always grow as you can see currently. real money also grow but not like bitcoin. the fact money held government. bitcoin held by community demand. bitcoin can be use for real money and buy stuff in the internet. it has value to buy and sell. even can trade to real money if you want too. so yeah bitcoin is a money that can be use for real life to buy and sell something.what is better. bitcoin still grow and grow to a very expensive coin in the world.
Bitcoin is the public asset, our money. It has freed our earning from the claws of governments and this is why it has become my darling now. Though I can not avail all of the local services with bitcoins but at least I have not to worry about fiat transactions when I am shopping online. It has made my life a lot easier.

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A Decentralized Crypto Marketplace
____ for Localized Shopping ____
[|FACEBOOK
TWITTER
SLACK
|.
ICO  ▶  13th November 2017
GET YOUR 40% BONUS
IN FIRST 24 HOURS!
]      ███
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August 29, 2017, 12:00:33 PM
 #1316

If we will answer this question literally I don't think that bitcoin is already counted as a money unless you turn it into cash. I don't think that there's existing bills or coins of bitcoin. It is just a tool like gold that you can changed to money. Yen, dollar, real, peso, etcetera.. Those are what I consider as money. Money should be tangible.
Basically all U are are trying to say is that Bitcoin is just an asset like gold not a currency,
Well I would like you to tell that many companies started accepting bitcoins , many traders started accepting bitcoins  , steam accepts bitcoins  .
People do transaction with Bitcoin so that makes bitcoins a currency.
With growing acceptance at this rate , we are not far enough to see the day when bitcoins would be officially accepted by every nation as a digital crypto  currency
 

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August 29, 2017, 12:21:47 PM
 #1317

Yes! Bitcoin is definitely money. We can trade it, sell it, deposit it and gain a lot of profit from holding on to Bitcoin. The very best part is that we can sell Bitcoin by converting it into cash then withdrawing to our bank accounts.
That's true, that's why bitcoin is also a money, bitcoin can also buy things that what we wanted online and it is easy to convert into fiat, just like when you want to convert a dollar into some other currencies. We can convert it and deposit it into our bank accounts.  Cheesy



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Rainbot
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August 29, 2017, 12:40:13 PM
 #1318

Bitcoin is more than money. It is virtual gold. It is a valuable commodity. It should be on the new channels when they run financial markets.

Yes it is a virtual currency and technically it is a cryptocurrency. It behaves like currency but most people consider it as an investment because it rises its value through time.

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August 29, 2017, 01:45:34 PM
 #1319

even better than money, we all know that money has many weaknesses, bitcoin looks perfect so I'm sure bitcoin is better than money.

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August 29, 2017, 02:18:23 PM
 #1320

even better than money, we all know that money has many weaknesses, bitcoin looks perfect so I'm sure bitcoin is better than money.
really Bitcoin is better than money, how to get even better Bitcoin than money. money must work real, Bitcoin works online.


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