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Author Topic: Is Bitcoin money?  (Read 110493 times)
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September 04, 2017, 12:52:22 PM
 #1381

Yes bitcoin is money to me as I can easily sell my bitcoins and get fiat money in exchange and can use it in buying anything and it serves the same purpose as fiat money does so for me bitcoin is a money in digital form which can be converted to physical form for making purchases.
to me, bitcoin is even beyond money because it has many things which traditional currency can not have such as the security and the anonimity. Moreover, bitcoin is quite fast for big transaction and there is no limit if you want to send 1000 or 100000 bitcoin in 1 transaction. What make bitcoin even stronger is that you can use bitcoin anonymously without being traced by anyone


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September 04, 2017, 01:01:07 PM
 #1382

Bitcoin is a new kind of money with which you can invest and disintegrate. It differs from ordinary currencies by its anonymity and rapid growth, but it is also money.

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September 04, 2017, 01:10:05 PM
 #1383

Yes bitcoin is money to me as I can easily sell my bitcoins and get fiat money in exchange and can use it in buying anything and it serves the same purpose as fiat money does so for me bitcoin is a money in digital form which can be converted to physical form for making purchases.
Well I could only say that it is not money but instead it is a currency, another form of currency that is digital. It is true that it has the same purpose as of fiat but the difference is also quite large, you see Bitcoin is in digital form and that is also a means of innovation, but the biggest thing about it is that it is decentralized. While in money/fiat it is decentralized and the government are the one controlling it.

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September 04, 2017, 01:16:57 PM
 #1384

Yes bitcoin is money to me as I can easily sell my bitcoins and get fiat money in exchange and can use it in buying anything and it serves the same purpose as fiat money does so for me bitcoin is a money in digital form which can be converted to physical form for making purchases.
to me, bitcoin is even beyond money because it has many things which traditional currency can not have such as the security and the anonimity. Moreover, bitcoin is quite fast for big transaction and there is no limit if you want to send 1000 or 100000 bitcoin in 1 transaction. What make bitcoin even stronger is that you can use bitcoin anonymously without being traced by anyone
yes it is, it is  a money for everyone in this world and it is open for all,thats why i like it very much. i earn my daily earnings thru it, it is a currency that can be gain thru internet thats why it is accessible by everyone who wants it, thats why i am really recognizing it as my money and i am very loving it and treated as my money.

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September 04, 2017, 02:22:02 PM
 #1385

Bitcoin is money, cause you can go to an exchange and sell bitcoin for real cash. There is also alt coin that help to convert bitcoin to cash easier. Like OMG whereby it uses blockchain to remit money eaiser. Tenx enables to use bitcoin and other alt coins that can be used for debit card payment. Ethereum also use smart contract to allows fund raising ICO to gather money so they have their own startups.

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Hasbro27
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September 04, 2017, 02:48:34 PM
 #1386

I think bitcoin is not money, but bitcoin can be converted into money. bitcoin is not the same as money because bitcoin there is no serial number, bitcoin is also not physical like money.

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September 04, 2017, 02:50:52 PM
 #1387

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.

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September 04, 2017, 02:52:34 PM
 #1388

So long you can walk into a store and pay with something I see it as a valid money. So do I see Bitcoin as money? Yes. Did you know that the paper money you pay with can be worthless tomorrow just like Bitcoin? Gold is kinda the only safe currency that survived in all the times. The good thing about Bitcoin you can pay everywhere in Bitcoin without having to calculate someone else local currency. But some history lessons about the past can not hurt and it has happened before in history that paper money suddenly became worthless. It can happen again.
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September 04, 2017, 09:32:29 PM
 #1389

So long you can walk into a store and pay with something I see it as a valid money. So do I see Bitcoin as money? Yes. Did you know that the paper money you pay with can be worthless tomorrow just like Bitcoin? Gold is kinda the only safe currency that survived in all the times. The good thing about Bitcoin you can pay everywhere in Bitcoin without having to calculate someone else local currency. But some history lessons about the past can not hurt and it has happened before in history that paper money suddenly became worthless. It can happen again.
Nicely written!
In my opinion more and more cryptocoins will want to have some cover in the background, for example Xaurum, which has a backing with physical investment gold.

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September 05, 2017, 11:42:37 AM
 #1390

Bitcoin is a new kind of money with which you can invest and disintegrate. It differs from ordinary currencies by its anonymity and rapid growth, but it is also money.
the value and the importance of the bitcoin is increasing as it is being use on huge level now bitcoin is using for a lot of purposes it is both a currency and the investment as well it is very safe and secure even more than money. It is safe to keep in wallet and we can buy everything we want for our daily life so bitcoin is useable like money.

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September 05, 2017, 12:12:30 PM
 #1391

I think bitcoin is not money, but bitcoin can be converted into money. bitcoin is not the same as money because bitcoin there is no serial number, bitcoin is also not physical like money.
Bitcoin is qualifies as money, the characteristic is better than fiat. I think serial number of paper money will not make it non counterfeitable. It's also easy to carry and safe. Bitcoin is money, it is virtual global currency.







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September 05, 2017, 12:18:27 PM
 #1392

i believe any medium of exchange is money
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September 05, 2017, 12:24:34 PM
 #1393

I think bitcoin is not money, but bitcoin can be converted into money. bitcoin is not the same as money because bitcoin there is no serial number, bitcoin is also not physical like money.
Bitcoin is qualifies as money, the characteristic is better than fiat. I think serial number of paper money will not make it non counterfeitable. It's also easy to carry and safe. Bitcoin is money, it is virtual global currency.

Bitcoin can be interpreted into two different sides because bitcoin is not real money, Bitcoin isn't money that hands can touch because bitcoin is virtual money that can be converted into real money. So many ways people interpret what is the meaning of bitcoin Wink

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Choyor
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September 05, 2017, 12:41:36 PM
 #1394

everyone defines the bitcoin / alcoin differently. and I define bitcoin as a transactional tool that changes form or value, from crypto currency to local currency that can be used by the world community. and it's very easy for bitcoin users in terms of transactions, very useful and very helpful.
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September 05, 2017, 01:47:35 PM
 #1395

Bitcoin is intended to be used as money. The extent to which it differs from the various definitions of money is primarily due to its unpopularity and lack of government sanction, which in my opinion should not matter when speaking about it as "money."
Yes, there is no harm if we consider that bitcoin is the same as the money will be different but the shape is called a digital currency. If the money we can use in the real world and directly but if bitcoin it could only be used in the internet world. but in the end it also endowed a bitcoin can we use to help our real life needs. with bitcoin we can make money is useful in the future.

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September 05, 2017, 03:02:38 PM
 #1396

Yes, it is. I already tested. I charged my cellphone with bitcoins, and everything ran well. Cheesy

I think the main threat in considering bitcoin real money is its comparison with easy money or money that is used for smuggling. But in the end bitcoin always has an associated value. And it is also determined by demand and supply.

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September 05, 2017, 06:46:09 PM
 #1397

I think anything you can use to trade it for another good can be money.
That is what you think and guess what, you are correct that is exactly the definition of money, money is anything that you can use to get others people products and since you can do that with bitcoin then bitcoin is money, it is as simple as that.
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September 05, 2017, 07:52:34 PM
 #1398

I think bitcoin is not money, but bitcoin can be converted into money. bitcoin is not the same as money because bitcoin there is no serial number, bitcoin is also not physical like money.
Bitcoin is qualifies as money, the characteristic is better than fiat. I think serial number of paper money will not make it non counterfeitable. It's also easy to carry and safe. Bitcoin is money, it is virtual global currency.
yes there is no doubt that bitcoin is money, although it is a digital currency and we can only use it for online purposes, but still it can fulfill our needs that we can also fulfill using our fiat currency. i am sure that in future the use of bitcoin as currency will be increasing, because the users of bitcoin are increasing from time to time and now people are showing more interest in bitcoin.

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alberto hiro
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September 05, 2017, 08:12:12 PM
 #1399

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.



that's right, I'm as bad as bitcoin is a new currency but it's classified as a digital ungodly eye that its use is still limited yet all of them can use it.
so just enjoy this while we can

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rathaha10
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September 05, 2017, 08:20:53 PM
 #1400

Yes it is a digital money.  Smiley Because it have it's own price, can be used in a lot of shops, online casinos etc. same as fiat money. So why bitcoin is not money? It is money as we can buy something for it.

Yes i agree with you. For me bitcoin is online money. You access it whenever you want, and even the government can't see how many bitcoins you have.

For people saying it is not money. Please educate yourselfs again. It is digital money.

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