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Author Topic: Is Bitcoin money?  (Read 108232 times)
quarkyplum
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October 23, 2017, 06:13:05 AM
 #1941

There are only one particular response in this thread and 1 concern to reply the question on the title.Is bitcoins use for payment for an medium of exchange?yes is the response proper for that reason bitcoins is income just like usd and other fiat currencies about the globe.
Yes there is no doubt that it’s a digital currency and it work same like other currency you can buy things and you can also pay bills and you can exchange this with other currency so bitcoin is totally currency and you can learn a lot of things here as well you can trade here also and the good thing is bitcoin is now available almost everywhere.
That's right! You must to know we can use Bitcoin to exchange anything because we can use it to exchange to FIAT. And then, from FIAT, you can buy anything, it like Gold, an asset can exchange to money. But, the interesting point of Bitcoin is you can use it for online payment. Almost transaction created in this forum are using Bitcoin to payment, as my salary from signature campaign.

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October 23, 2017, 06:41:47 AM
 #1942

Indirectly yes but it is a digital type of currency /money

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October 23, 2017, 07:49:30 AM
 #1943

Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. ... Economists define money as a store of value, a medium of exchange, and a unit of account and agree that bitcoin has some way to go to meet all these criteria.

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October 23, 2017, 07:52:02 AM
 #1944

Bitcion  is a world worldwide cryptocurrency and digital payment system called the first decentralized digital currency,and because it is accepted by vendors and merchants as payment  and also used for investment Bitcoin is  been regarded  as money
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October 23, 2017, 07:54:26 AM
 #1945

Bitcion  is a world worldwide cryptocurrency and digital payment system called the first decentralized digital currency,and because it is accepted by vendors and merchants as payment  and also used for investment Bitcoin is  been regarded  as money
Even at the first place, bitcoin is a money because people use it to transact and that is the main purpose of bitcoin is to have a decentralized currency system that will give people more affordable way to transfer money with an extra security that you cannot be traced down by the other people and you don't need to fill some personal information just to use it.

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October 23, 2017, 07:56:38 AM
 #1946

Yes right, I think bitcoin is money so worthy of being a global currency, I'm sure someday many countries will legalize bitcoin for transactions and the government immediately took taxes from bitcoin.

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October 23, 2017, 10:22:48 AM
 #1947

Yes right, I think bitcoin is money so worthy of being a global currency, I'm sure someday many countries will legalize bitcoin for transactions and the government immediately took taxes from bitcoin.
I hope they can do that, bitcoin is decentralized and if a person is smart enough they can always make ways to hide their transaction
and their identity. They would easy launder money with bitcoin therefore the government has to come up with a great policy that will prevent people from using bitcoin in illegal activities.

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October 23, 2017, 10:28:30 AM
 #1948

Yes bitcoin is a money.  Bitcoins is a digital currency called cryptocurreny.  It comes in existence in 2009 via a group of Japanese under the name satoshi nakamoto.  Initially people exchange it with small goods and currencies..  Later on its price started increasing.  Now the prices of bitcoins are skyrocketting.  Its now not only money but became an investment too.  Many big names,  companies and huge investment banks are taking interest in bitcoins.  Bitcoins become a hot talk of the town.  Not eveb a whole but even the fraction of bitcoins are valuable.  It allows the  user to even produce it via mining..  By mining they can generate a fraction of bitcoin.  Bitcoins is a modified version of money in eradication of digitalisation.
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October 23, 2017, 10:30:59 AM
 #1949

Bitcion  is a world worldwide cryptocurrency and digital payment system called the first decentralized digital currency,and because it is accepted by vendors and merchants as payment  and also used for investment Bitcoin is  been regarded  as money
As what you've said, bitcoin is being accepted by vendors and merchants so therefore bitcoin can be considered as money. Even if it is a digital currency, it can still be considered as money because we can buy stuffs or pay bills out of bitcoin.

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October 24, 2017, 06:07:28 PM
 #1950

I believe correct now bitcoins are more of an asset then cash. To me it isn't going to make a difference what type my paying energy is in wiether it truly is in gold bitcoins or sticks. I am just anxious for the worth and how considerably it will boost so I use Bitcoin as I think it has the greatest price then any other form of asset.
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October 24, 2017, 06:46:04 PM
 #1951

I believe correct now bitcoins are more of an asset then cash. To me it isn't going to make a difference what type my paying energy is in wiether it truly is in gold bitcoins or sticks. I am just anxious for the worth and how considerably it will boost so I use Bitcoin as I think it has the greatest price then any other form of asset.


Yes, bitcoin is money. Virtual money, which due to its colossal development can start a great thing. In my opinion, over the next few years, in some countries, it will be possible to partially replace the currency. I warmly support him.
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October 24, 2017, 07:12:30 PM
 #1952

Bitcoin is of course the main recipe of making money.The reason behind this is the amount we get from 1 Bitcoin is approximately 6000 us dollar which is the only way that you may take that much reward and if u buyed it in 2013 and saved your Bitcoin so that person is at least a millionaire this power to collect money is not allowed lifetime and do not know how much more price will increase in future.
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October 24, 2017, 07:35:21 PM
 #1953

According to wikipedia it cannot be money as it does not prefer payments in all countries and also the value of bitcoin is not stable...But in my opinion bitcoin is a digital currency which has been recently started approx 10 years and it may be used as an major currency world wide in future..
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October 24, 2017, 07:41:34 PM
 #1954

Bitcion  is a world worldwide cryptocurrency and digital payment system called the first decentralized digital currency,and because it is accepted by vendors and merchants as payment  and also used for investment Bitcoin is  been regarded  as money
Yes bitcoin is the first digital currency, introduced though out the world, Bitcoin is in fact created as currency, specially for online purposes, but in future we can expect that bitcoin will also be use in offline shops.  In fact in modern time the use of online currency is increasing from time to time. I am sure that very soon bitcoin will be the most popular currency of the world and will be use for everything for which we are using fiat currency in present time.

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October 25, 2017, 11:50:27 AM
 #1955

Because price is rising bitcoin is fail as payment system since fees are high, I would call bitcoin as and asset and wealth storage like gold rather than money

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October 25, 2017, 11:59:55 AM
 #1956

Things that can be given to get something is trading or exchanging things for profit so money is our thing to give so we can get what we need and so as Bitcoin.
Bitcoin is money that can be used for payment for local or international, remittances, credits,  services and so on.
Yes, Bitcoin is money and it is more than a money

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October 25, 2017, 12:24:34 PM
 #1957

Because price is rising bitcoin is fail as payment system since fees are high, I would call bitcoin as and asset and wealth storage like gold rather than money
According to me a lot of people see bitcoin as a money and also a reason is that they use bitcoin for a lot of works that they fulfills all their needs with the help of bitcoin and also that’s why everyone call bitcoin money. Bitcoin is like a treasure if someone use bitcoin as a money not for getting information etc.
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October 25, 2017, 12:25:11 PM
 #1958

Things that can be given to get something is trading or exchanging things for profit so money is our thing to give so we can get what we need and so as Bitcoin.
Bitcoin is money that can be used for payment for local or international, remittances, credits,  services and so on.
Yes, Bitcoin is money and it is more than a money
Yeah I think bitcoin can be used as a money because not only some people but also a lot of people use bitcoin for getting profit and gaining money the simple thing is using bitcoin as a online business but we need to get the real treasure from bitcoin I mean to get a lot of real information from it and know the world business etc things.

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October 25, 2017, 12:29:18 PM
 #1959

It depends on the perspective of a person on how he/she looks at the use of bitcoins. I am working on bounty campaigns and i take at as a sideline as the value of bitcoins is increasing consistently there is no doubt that everyone will be attracted and start to invest.

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October 25, 2017, 12:38:56 PM
 #1960

Bitcoin is not money but more precisely we say commodity, we must know that money has a fixed value, fully controlled by the central bank and can be used legally, while bitcoin is decentralized and can not be controlled.

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