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Author Topic: Is Bitcoin money?  (Read 110598 times)
hamza987
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October 18, 2017, 04:41:03 PM
 #1821

yes offcourse it is money because you can buy or sell something with btc , and i think it will be more usable than euro or even dollar in next 5 years
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October 18, 2017, 04:50:02 PM
 #1822

BTC like oil,has a price on his own
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October 18, 2017, 05:10:09 PM
 #1823

I agree that bitcoin is digital money because we use bitcoin to buy the things we need and we really want and sometimes some people use bitcoin to pay their bills in their homes. I usually use bitcoin to buy in my online game. Cool

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October 18, 2017, 05:15:07 PM
 #1824

A currency which had become an investment.
Seriously? Because of the small number of bitcoin that will be around it will become so valuable and we will be fighting to get our hands on one of it.
Actually it is happening now. It grew to a price which is unthinkable and will grow more as time flows by.
We might not be feeling it as a currency now but I am still looking forward for that day to come.

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October 18, 2017, 05:21:41 PM
 #1825

BTC like oil,has a price on his own
All known that's like gold. and other altcoin is another metal
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October 18, 2017, 05:35:59 PM
 #1826

A currency which had become an investment.
Seriously? Because of the small number of bitcoin that will be around it will become so valuable and we will be fighting to get our hands on one of it.
Actually it is happening now. It grew to a price which is unthinkable and will grow more as time flows by.
We might not be feeling it as a currency now but I am still looking forward for that day to come.


will not the total bitcoingold be added to bitcoin?
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October 18, 2017, 05:55:04 PM
 #1827

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 totally agree with you because if you can pay for literally anything with btc that means that btc is kinda money

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October 18, 2017, 06:14:16 PM
 #1828

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 totally agree with you because if you can pay for literally anything with btc that means that btc is kinda money

Yes, So do I. You can use Bitcoin to buy and sell goods that means Bitcoin has value, Bitcoin can transfer with normal money through exchange rate. If Bitcoin could not be called money, what will it be called, huh?  Cheesy

                                                                               
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October 18, 2017, 06:15:32 PM
 #1829

Bitcoin will become money when 2-way crypto bankomats will spread everywhere in your country Smiley

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October 18, 2017, 06:20:55 PM
 #1830

Yes,  it's money in this part of the world. It can be exchange to fiat anytime you wish to

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October 18, 2017, 10:08:19 PM
 #1831

There is a need to sharpen strategic focus.

As I read on https://topbrokers.com : ''cryptocurrency, at its most basic is a form of online currency which is virtual and cannot be converted into physical currency''.
For me the main word in this sentence is ''currency''.
Nowadays BTC is а virtual  currency. Money is also а currency. So, BTC is а currency like money.
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October 18, 2017, 10:34:07 PM
 #1832

Yes. I believe bitcoin is a money. Since it is a currency which we also use for different transaction and could also use for trading, investing and everything that is business related. I think if we use that with these things we can consider is a money. As well as this is a type of currency which is online currency.

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October 19, 2017, 01:31:37 AM
 #1833

Yes. I believe bitcoin is a money. Since it is a currency which we also use for different transaction and could also use for trading, investing and everything that is business related. I think if we use that with these things we can consider is a money. As well as this is a type of currency which is online currency.
It has a value so it's a money, we can trade it and buy online using bitcoin so there is no difference with money.
Bitcoin is valuable because we also consider it as our investment and we are happy seeing it the value growing, this would continue of course and we will earn enough profits that could change our lives.

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October 19, 2017, 01:46:38 AM
 #1834

Bitcoin is a currency in my opinion. I think people will recognize it as a currency as the world starts to understand and adopt it.
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October 19, 2017, 03:58:12 AM
 #1835

It is a fairly new engineering, and with a lot of elements that need to have to be far better defined. But for me it is distinct the reality that Bitcoin is funds. In addition to getting decentralized, and having a far more productive issuance than centralized currencies, there are thousands of individuals employing Bitcoin each and every working day, be it to store price, or to pay payments and get items.
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October 19, 2017, 04:10:39 AM
 #1836

Bitcoin is better than money.Bitcoin is a modern currency.As it is not legal in many coyntries,it's taxfree.The price of bitcoin is very much higher than money.The price is rising day by day.You can invest BTC and get a huge profit.So,it can be said that BTC is oviously better than money.And it's security system is also better than bank as well as money. Smiley

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October 19, 2017, 04:11:55 AM
 #1837

Bitcoin is a currency in my opinion. I think people will recognize it as a currency as the world starts to understand and adopt it.
Eventually they will have the interest to understand and adopt on it when big merchants are adopting bitcoins.
It's not easy to understand bitcoin when they are interested on it because information are free to access and it's very simple to understand.
For now, we should be happy with the progress and for sure it will be a mainstream in the future.


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October 19, 2017, 04:43:38 AM
 #1838

My own idea about bitcoin, Its a money that is used in digital world, It has no form unlike paper money that could easily scratch. In its historical background bitcoin is used in a black market to process illegal transactions, but as the time goes by, It was rapidly influence the mass because of some special features about it, then they found out that it brings good opportunity to everybody, so they tend to do something to earn money using btc.
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October 19, 2017, 05:10:56 AM
 #1839

+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).

But even if Bitcoin's exchange rate does not mean that bitcoin is not money, if I think Bitcoin can also be used to buy some of the things we want, maybe not many companies are currently developing their business to make payments with Bitcoin. But that's just my assumption, correction if I'm wrong, because we all also learn together.

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October 19, 2017, 05:19:34 AM
 #1840

We all know that bitcoin is a crypto currency and we can use it online or digital payment. Perhaps, it is a kind of money i think because of some characteristic of money that bitcoin have. otherwise we can use bitcoin like what money can do in some cases. But if we compare it physically, big description of the two are difference.

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