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Author Topic: Is Bitcoin money?  (Read 98736 times)
Thunderlizard
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November 07, 2017, 08:23:55 PM
 #2101

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
I agreed on this matter, as long as bitcoin being used as payment in online it is considered as money like usd, euro and ¥ which means it shows bitcoin is like a real currency/money.

The only difference is that we cannot hold bitcoins physically and apart from that there is not much difference between bitcoins and real money as we can spend it anywhere we want like real money so bitcoin is definitely a money to me.

Correct, as long as I can use it even on a daily basis and trade anywhere and anytime in the world then I will also consider bitcoin as money or even better than money. The only thing I could think about money's advantage about bitcoin is acceptability though bitcoin is not legalize in our country we can still easily exchange it to our currency and use it like just an ordinary money. I also feel much safer in bitcoins than carrying bulky wallets or atm cards that always an eye catcher for thieves.
I agree with you as long as i can feed off it daily it is money for me and also the part about thieves is also correct how are thieves able to steal your bitcoins? unless you know everything in your head there is no chance they would be able to get in your online wallet.
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otandelapaz
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November 07, 2017, 08:49:09 PM
 #2102

Bitcoin is money.  If bitcoin or crypto currency is already existing when those "definitions" where made, I think the writer would have included it.

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November 07, 2017, 08:57:45 PM
 #2103

It is not only money it is the better money. With all the good use cases for online ticketing, energy trading, tokenization of assets, proof of identity and so on the main thing is that crypto is superior to fiat money (meanwhile goes for all fiat currencies) and seemingly to gold as store for value.

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November 08, 2017, 03:31:22 AM
 #2104

That's why it is called "digital currency'' because it is a money that is in the digital form. Some maybe would argue that it's more like an asset but nevertheless, it is still used to buy goods or anything or pay any services. So even they made an argument about it, it is still money.

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November 08, 2017, 04:50:00 AM
 #2105

Bitcoin has a value or amount so I think Bitcoin is a money.

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November 08, 2017, 05:26:41 AM
 #2106

Bitcoin is money thats why it is called cryptocurrency or online money. It is also can be a medium of exchange in other countries like paying it on a restaurant or having a soda on a vending machine.

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November 08, 2017, 06:34:42 AM
 #2107

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
I agree. Bitcoin is like a digital currency so it is considered as money. After all, Bitcoin can be used to buy online, payment in restaurants, trading and making transactions so its like a money at all. It helps people and provide even our needs.

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November 08, 2017, 06:36:46 AM
 #2108

That depends on you, what's bitcoin to you? How do you understand bitcoin? Others treat bitcoin is money and others just treat it as a currency. So what I can say is it all depends on you.
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November 08, 2017, 06:42:47 AM
 #2109

That depends on you, what's bitcoin to you? How do you understand bitcoin? Others treat bitcoin is money and others just treat it as a currency. So what I can say is it all depends on you.
yes off course bitcoin is a crypt currency and it can be transferable to any other currency and now there are various place from which you can shopping by doing payment in bitcoin. so from above proof we can surely say that bitcoin is a money.

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November 08, 2017, 12:04:05 PM
 #2110

That depends on you, what's bitcoin to you? How do you understand bitcoin? Others treat bitcoin is money and others just treat it as a currency. So what I can say is it all depends on you.
yes off course bitcoin is a crypt currency and it can be transferable to any other currency and now there are various place from which you can shopping by doing payment in bitcoin. so from above proof we can surely say that bitcoin is a money.
Bitcoin like e-money provided by various banks. However, bitcoin is still not widely believed by people as a legitimate transaction tool even in my country. e-money and bitcoin have the same function but bitcoin is a crypto that has a price value whereas e-money is just a transfer of real money into electronic money. with an explanation like this I agree if bitcoin is money.



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November 08, 2017, 12:54:47 PM
 #2111

Bitcoin is certainly cash. You can use it to buy and sell items which definitely groups it as being cash. Also, it's really worth a lot of United states dollar.
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November 08, 2017, 03:03:05 PM
 #2112

Yes Bitcoin is money for sure. We can buy or sell them, there are exchange where we can do this, we can get fiat money for them. Bitcoin is money, no doubt, but not everyone knows about it and not everybody uses it.

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November 08, 2017, 03:27:30 PM
 #2113

Bitcoin is certainly cash. You can use it to buy and sell items which definitely groups it as being cash. Also, it's really worth a lot of United states dollar.
yes bitcoin is money but it is not a official money of any country that,s why some people think that bitcoin is not money
but i think that they are wrong because bitcoin is a type of currency which is used as a medium of money.which is also called money..
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November 08, 2017, 03:34:21 PM
 #2114

Yes, just that it's a digital currency. If Eur and USD can be traded and BTC is also traded for in d market, then it is money.

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November 08, 2017, 04:19:13 PM
 #2115

I dont believe can now be called as money yet.
Because of the way people uses it.  They treat it as an asset or investment rather than a money that they will be willing to use on their daily lives.

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November 08, 2017, 04:24:00 PM
 #2116

Yes and no,  it's easier to transfer abroad than money,  but it's still sort of money.  It's not physical,  however,  which may be one of the things that it may have to be to be defined as money.  I feel that overall it's not very worthwhile to use it for in person transactions,  but as for abroad ones,  it's 100% worth the time to set up and use!

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November 08, 2017, 04:28:40 PM
 #2117

NO! bitcoin is more than money! it has the equivalent value beyoond any FIAT money or ever crypto currencies ! bitcoin is having its essssential in terms of money status and financials! bitcoin is a real money investment .

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November 08, 2017, 04:33:26 PM
 #2118

It might be funny if Populous dumps below ICO price...emergeny room...pre-ICO price. 
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November 08, 2017, 07:34:32 PM
 #2119

I think that since the writing of this topic in 2010, many have already changed their statements that bitcoin is not money. During these years, bitcoin clearly showed its strength precisely as money, digital money and means of payment. Bitcoin is now adopted in most countries as a means of payment and acts as a means of storing value, that is, it fulfills the usual function of money. I think that it is already impossible to argue with this.

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November 08, 2017, 07:35:40 PM
 #2120

Bitcoin is money.  If bitcoin or crypto currency is already existing when those "definitions" where made, I think the writer would have included it.

Absolutely! Bitcoin is money for it used by many people to pay for their goods or to transfer money from one person to another person. On the other hand, it is different from fiat money since bitcoin is a digitized cryptocurrency which can only used through online transactions. We cannot hold bitcoin in our hand but we can keep it in our wallet for future used.

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