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Author Topic: Is Bitcoin money?  (Read 107615 times)
Mario274
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March 15, 2017, 06:28:38 PM
 #201

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
You have a point, bitcoin is kind of money that can be use for online expenses. As long as bitcoin has value you can tell that it is money in the world of technology. I also can say that bitcoin is money because it can be used in any kind of transaction.

And I think that bitcoin is not just money, but also an electronic payment system. Moreover, this system is unique and very reliable
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March 15, 2017, 06:31:06 PM
 #202

Well, for me, Bitcoin is money. Just like fiat money, BTC represents a value of money but in digital form. Since bitcoin is a new kid in town, it is a new type of money under the category of digital money Grin

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March 15, 2017, 06:41:59 PM
 #203

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
You have a point, bitcoin is kind of money that can be use for online expenses. As long as bitcoin has value you can tell that it is money in the world of technology. I also can say that bitcoin is money because it can be used in any kind of transaction.

And I think that bitcoin is not just money, but also an electronic payment system. Moreover, this system is unique and very reliable
Its a money but not a physical money like fiat that you can use locally bitcoin still good only for online payment only and for gambling purposes.. due to anonymous of bitcoin network..  the good part in bitcoin there are some country that actually accepting bitcoin locally like in brazil and paris..

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March 15, 2017, 06:46:39 PM
 #204

a virtual commodity which is worth like real money  Grin sound so scammy but its so true, if it was 2001 i am sure gonna reject its existence but now when i have been witnessed by many scnerieos and many crashes i must say bitcoin got some potentials  Cheesy


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March 15, 2017, 06:51:37 PM
 #205

a virtual commodity which is worth like real money  Grin sound so scammy but its so true, if it was 2001 i am sure gonna reject its existence but now when i have been witnessed by many scnerieos and many crashes i must say bitcoin got some potentials  Cheesy
I'm a little scared to rely on some predictions, so I use bitcoin only as a commodity to earn real money. Of course, I believe in the potential bitcoin in the future, but there are times when my faith staggers.
speem28
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March 16, 2017, 05:14:19 PM
 #206

Well since Bitcoin started a few years back, more and more merchants and vendors are accepting it as a medium of exchange (money), in their transactions. It's just in a form of Virtual currency but we can consider it as money that also pays off things that we buy online.


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March 16, 2017, 05:34:35 PM
 #207

for me everything that is accepted by big merchants that sell stuff for it is considered money, if you just sell it to your friend it can be seen as a something else, but bitcoin is indeed a currency because i cna use it to buy from official retailers or shop

Angel Di
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March 16, 2017, 06:19:29 PM
 #208

Of course the Internet is considered to be money. Because they can freely buy and sell goods.
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March 16, 2017, 06:36:22 PM
 #209

Of course the Internet is considered to be money. Because they can freely buy and sell goods.

Buddy, i think you are pertaining to bitcoin, and not the Internet there. Just saying.

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March 16, 2017, 08:29:13 PM
 #210

Well since Bitcoin started a few years back, more and more merchants and vendors are accepting it as a medium of exchange (money), in their transactions. It's just in a form of Virtual currency but we can consider it as money that also pays off things that we buy online.
yes there is no doubt about this that bitcoin is becoming more and moe popular, as now not only the common  people but the big merchants are also now accepting bitcoin, as it is more convenient for them to use bitcoin for payment method. i think in future we can expect that bitcoin will become more and more popular as time passed.

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March 16, 2017, 09:16:54 PM
 #211

Well, for me, Bitcoin is money. Just like fiat money, BTC represents a value of money but in digital form. Since bitcoin is a new kid in town, it is a new type of money under the category of digital money Grin
yes i will also like to say that bitcoin is money. as we can use bitcoin instead of fiat in some shops while for online purpose bitcoin is uses as currency.
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March 16, 2017, 09:33:38 PM
 #212

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
You have a point, bitcoin is kind of money that can be use for online expenses. As long as bitcoin has value you can tell that it is money in the world of technology. I also can say that bitcoin is money because it can be used in any kind of transaction.
but i think it can not only be use for online purpose, but i think it can also be used in local shops as currency, although the facility is not yet available in all the shops but hope very soon it will be available everywhere.
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March 16, 2017, 09:39:57 PM
 #213

Well, for me, Bitcoin is money. Just like fiat money, BTC represents a value of money but in digital form. Since bitcoin is a new kid in town, it is a new type of money under the category of digital money Grin
yes i will also like to say that bitcoin is money. as we can use bitcoin instead of fiat in some shops while for online purpose bitcoin is uses as currency.

That's right, whatever you get in return because of something is money, example is credit card,debit card we just go use it in shopping center using  the card itself act as the money, same way btc also helping us to purchase whatever we want by converting it, we can also call it as money without any doubt.
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March 17, 2017, 08:44:01 AM
 #214

Well since Bitcoin started a few years back, more and more merchants and vendors are accepting it as a medium of exchange (money), in their transactions. It's just in a form of Virtual currency but we can consider it as money that also pays off things that we buy online.
yes there is no doubt about this that bitcoin is becoming more and moe popular, as now not only the common  people but the big merchants are also now accepting bitcoin, as it is more convenient for them to use bitcoin for payment method. i think in future we can expect that bitcoin will become more and more popular as time passed.


True! In fact, other big merchants are partnering up with major retailers that accept digital currency as payment, so that people that use bitcoin can shop away their desired products online in that specific merchant. It makes it more convenient for them this way as it is hassle-free and easy.


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March 17, 2017, 09:14:34 AM
 #215

Well, for me, Bitcoin is money. Just like fiat money, BTC represents a value of money but in digital form. Since bitcoin is a new kid in town, it is a new type of money under the category of digital money Grin
yes i will also like to say that bitcoin is money. as we can use bitcoin instead of fiat in some shops while for online purpose bitcoin is uses as currency.
It's not how you think it is. People who try to earn bitcoins are not the one who want to use it to buy things. It's an investment for most of the people here in Bitcoin universe.

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March 17, 2017, 09:23:07 AM
 #216

for me everything that is accepted by big merchants that sell stuff for it is considered money, if you just sell it to your friend it can be seen as a something else, but bitcoin is indeed a currency because i cna use it to buy from official retailers or shop

And as a fact that a lot of merchants right now are accepting bitcoin because it is the most popular crypto currency. If we are using it with return of goods and services then it's considered as money. That's why most of us are happy to use and transact with bitcoin because it's a real money for now and also an investment.



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Juggy777
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March 17, 2017, 09:46:19 AM
 #217

Definitely for me it's money, though asked in 2010 this question is sure shot to divide many users opinion that it's not money. Well Money is something for me which allows you to buy or sell goods and receive a monetary value for. Bitcoin does that, it allows us to buy a vide variety of goods and then allow us to sell it and receive money in Bitcoins itself. For that very reason for me it is money. To some it may kept as investment also, but how would you keep it as a investment of it were not money you could bought for, I mean for any investment money is needed. So any day for me it will be money, let's see where the vote ends in.

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Vaskiy
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March 17, 2017, 10:06:10 AM
 #218

Well, for me, Bitcoin is money. Just like fiat money, BTC represents a value of money but in digital form. Since bitcoin is a new kid in town, it is a new type of money under the category of digital money Grin
yes i will also like to say that bitcoin is money. as we can use bitcoin instead of fiat in some shops while for online purpose bitcoin is uses as currency.
It's not how you think it is. People who try to earn bitcoins are not the one who want to use it to buy things. It's an investment for most of the people here in Bitcoin universe.
People who earn it mostly give importance to it as an long term investment, because they've experienced the price of bitcoin growing from the scratch depending upon the technology. When years pass there is an assured demand causing a price increase profiting the investors.

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March 17, 2017, 11:01:11 AM
 #219

Anything that can be used to buy and sell transactions certainly we can equate with money, bitcoin is money because a lot and be accepted to buy anything and many people collect it.
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March 17, 2017, 11:11:58 AM
 #220

It can be spend in many merchants so its considered as money not totally alike a fiat currency.Bitcoin is a money in a different platform thats all it was



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