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Author Topic: Is Bitcoin money?  (Read 99755 times)
Sanitough
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October 18, 2017, 03:50:52 AM
 #1801

Yes and that's why is called cryptocurrency. It offers more cash than what you get in dollars. No doubt that is at the top of all the currencies in the world right now and it just replace US dollars. To me, it's so precious that Ican treat btc more than just a money.
It's the best crypto currency but it won't replace dollar, they are not in competition because we need fiat to own bitcoin and we need to convert
bitcoin to fiat to spend our money in this world. Let's be more realistic here, bitcoin looks good but it has a limitation.

 
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October 18, 2017, 03:57:08 AM
 #1802

Yes Bitcoin is money, virtual money. More and more businesses are accepting it too Cheesy
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October 18, 2017, 04:49:11 AM
 #1803

Bitcoin is a digital currency that we can convert into real money or cash that we can use to buy foods, payment of monthly bills and so on. It can also be used in a direct transaction provided that the users or both parties agreed to accept BTC as a mode of payment.

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October 18, 2017, 04:53:31 AM
 #1804

there are large number of currencies in the world and all that currencies are money. just like that bitcoin is also a crypto currency and you can use it for every work because you can convert it to your desire currency and then you can buy everything which you want.

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October 18, 2017, 06:24:52 AM
 #1805

there are large number of currencies in the world and all that currencies are money. just like that bitcoin is also a crypto currency and you can use it for every work because you can convert it to your desire currency and then you can buy everything which you want.
Bitcoin has a value so sure it's money, I would work hard to earn bitcoin than cash because I believe it has more value that the cash we will received.
With the limited supply and not controlled by the government I can expect more progress and will also reflect in the price, I will just consider this as my investment.

 
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October 18, 2017, 06:32:26 AM
 #1806

Nowadays bitcoin is money because not only can we change it in cash but we can even buy physical products from some sites.
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October 18, 2017, 06:34:15 AM
 #1807

I wont condider bitcoin as money yet.
For me it is still a comodity...
One of the best reason why i wont call it as money yet is because we cannot use it for our daily lives on this stage.  You cannot rely purely on bitcoin to be spent in every transaction you do.  Especially not all countries have a wide range of uses for bitcoin yet.

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October 18, 2017, 07:05:37 AM
 #1808

+1 agree that it is not money.  However, if it was a pure commodity then it would necessarily require some (even minimal) use value, beyond an exchange value.  Right now bitcoins have a 0% use-value and a 100% exchange value (eg, if they could not be exchanged for something else, they would merely be taking up space on our harddrives and are inherently useless, like random chunks of data).

I agree too that bitcoin is like money. it is a token or a coin but it can be converted to money so I agree it is a sort of money. we can earn money from joining bitcoin which we can use in our daily expenses as well as we can use in paying our bills. this is how good bitcoin is in our life. source of income.
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October 18, 2017, 07:11:41 AM
 #1809

Bitcoin would qualify as a money or currency,it is medium of exchange and a unit of account.It can be used to purchase goods or services,used to pay for individual living expenses.The only limitation of bitcoin is that is limited to those places that accept it as currency.
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October 18, 2017, 07:22:31 AM
 #1810

I think we have our own opinions and explanations about this topic, and we must respect such opinion and explanation. I think I will just describe bitcoin as I use it, so for me, bitcoin is not a money, it is an asset I use to earn fiat money. I earn bitcoin from signature campaign and bounties. I cant really buy things with bitcoin because here in our country, bitcoin is not a that popular and not accepted mostly by stores.
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October 18, 2017, 08:30:08 AM
 #1811

Yes, I consider bitcoin as money. Its a digital money. I can buy and pay my bills through bitcoin so it also like im using money. I can convert my bitcoin to cash for my daily expenses. I can get to buy and go wherever i want through bitcoin.

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October 18, 2017, 08:58:33 AM
 #1812

yes, bitcoin is money that will use to buy your needs in everyday like clothes, food, etc.
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October 18, 2017, 09:03:38 AM
 #1813


Yes. You can safely consider bitcoin as the new money of the future. Most likely in the near future, digital currencies will replace Fiat. And this is good, because anonymity, speed, small transaction prices, smart contracts, prospects have a place to be in our lives.

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October 18, 2017, 09:21:03 AM
 #1814

Yes i considered bitcoin as a money.
They only deffer for me in one aspect.
Money can be use to buy anything while bitcoin has a limit for now, I mean when you buy something
from the grocery store you cannot use bitcoin. You will need to covert it first to your local currency.
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October 18, 2017, 09:28:41 AM
 #1815

Yes Bitcoin is money, virtual money. More and more businesses are accepting it too Cheesy

I think bitcoin is can be as money as well as asset which cannot be done by any other.

1.Bitcoin as money,if someone want to buy anything or want to pay to someone we can transfer our bitcoin from our wallet to their because many countries started to accept bitcoins,if is illegal in your country you can exchange bitcoin into your country money then you can spend it.

2.Bitcoin as asset,bitcoin can also be used as like stock or gold.Bitcoin is a good investment if your investment is long term then which gives it good profit.The profit percentage is high in bitcoins.


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October 18, 2017, 09:30:50 AM
 #1816

there are large number of currencies in the world and all that currencies are money. just like that bitcoin is also a crypto currency and you can use it for every work because you can convert it to your desire currency and then you can buy everything which you want.
Bitcoin has a value so sure it's money, I would work hard to earn bitcoin than cash because I believe it has more value that the cash we will received.
With the limited supply and not controlled by the government I can expect more progress and will also reflect in the price, I will just consider this as my investment.

I really agree with you, bitcoin will be a long-term investment for the holder for his needs on the other day, and will benefit the holder itself.

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October 18, 2017, 09:43:29 AM
 #1817

What ever function as a legal tender in a country is its currency or say money , if a paper printed note whose legal tender is finished is no more currency .  Similarity Bitcoin is digital currency or money difference is only it is not printed piece of paper but  uses decentralised technology for secure payments.
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October 18, 2017, 09:53:08 AM
 #1818

According to economists, bitcoin may be more like a new product, or an investment, or a stock.
I do agree with that, and I think bitcoin is more like a special kind of futures stock.

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October 18, 2017, 10:42:35 AM
 #1819

I feel right now bitcoins are far more of an asset then income. To me it isn't going to matter what type my paying energy is in wiether it's in gold bitcoins or sticks. I'm just worried for the price and how considerably it will enhance so I use Bitcoin as I think it has the very best price then any other type of asset.
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October 18, 2017, 10:51:57 AM
 #1820

Yes and that's why is called cryptocurrency. It offers more cash than what you get in dollars. No doubt that is at the top of all the currencies in the world right now and it just replace US dollars. To me, it's so precious that Ican treat btc more than just a money.
It's the best crypto currency but it won't replace dollar, they are not in competition because we need fiat to own bitcoin and we need to convert
bitcoin to fiat to spend our money in this world. Let's be more realistic here, bitcoin looks good but it has a limitation.

yeah ,  i totally agree with this. i dont think bitcoin could replace the dollar or the fiat money even if bitcoins values is high enough its because bitcoin is restricted or banned in most countries including russia , china , india and some of the largest part in asia thats why its imposible for bitcoin to be used or replace the fiat money because there were more conflicts and debates that is not yet resolve to it.

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