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Author Topic: Is Bitcoin money?  (Read 100996 times)
yingfeng
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November 09, 2017, 07:18:12 AM
 #2121

Its a new form of money and i think its more important than money itself and soon it will hit 100k$ worth

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bigmaster23
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November 09, 2017, 07:30:29 AM
 #2122

I think it is because many person are using BTC for now what else if everybody know about this that we can earn something by just login in and posting on some page instant money isn't it. BTC is money cheers Roll Eyes
aishyoo17
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November 09, 2017, 07:39:50 AM
 #2123

It will be a new form of money, Bitcoin has a value that you can exchange to become a money to spend for. and I think in future Bitcoin will considered also as a legit money that you can pay in stores and others.
I did not think it will be the new form of money, bitcoin is expensive now because people are buying to make this as an investment.
Way to go because the development will not happen in just a short period of time, slowly but we are going to the right direction, soon we can see massive adoption.
Yes bitcoin is very expensive now because people prefer holding bitcoin than spending it, but we should take the consideration that bitcoin was created to make transaction anonymously so its best to use bitcoin because in the long run we might eliminate the reason why bitcoin was created if we keep holding our bitcoin.

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weishao
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November 09, 2017, 07:48:37 AM
 #2124

Bitcoin is money. Bitcoin is converted into money. Money can be converted into bitcoin. Bitcoin can be used for global transactions, and Bitcoin can buy goods on some occasions. So bitcoin is money.
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November 09, 2017, 08:00:34 AM
 #2125

The reason why there is so many people who is interested in bitcoins is because of its value, That we can exchange into fiat with larger value, Some of the people here earn bitcoins for living.

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November 09, 2017, 08:09:50 AM
 #2126

We are Swiss law firm (Zug/Zürich offices) and would like to offer our services for companies formation, Foundations, Trusts, Asset Management/FX/Crypto/Exchange/Money Remittance licenses.

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dusty rhodes
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November 09, 2017, 08:11:25 AM
 #2127

its really versatile instrument. this is all uncharted waters. its different things to different people.
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November 09, 2017, 08:28:10 AM
 #2128

Yes.Bitcoin is online money.Adding businesses and such that acceptbitcoin directly helps it' s exchange value as well.people earn money easily and safely.
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November 09, 2017, 08:30:59 AM
 #2129

Its a new form of money and i think its more important than money itself and soon it will hit 100k$ worth

Well I consider bitcoin as money that I can use online and also to earn money. It's a crypto asset that you should value because this thing can generate income for you specially in the long term. Cryptocurrency is clearly our future so watch out for this technology.

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November 09, 2017, 08:39:28 AM
 #2130

My personal opinion is that bitcoin is money. Because you can use it like money.That means it has all functions that money have.So in that sense it's money.
But in other sense it's not like paper money.Although it's a virtual currency.

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November 09, 2017, 08:42:20 AM
 #2131

of course, it is money. It can be used to buy or sell goods  Smiley

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November 09, 2017, 08:42:45 AM
 #2132

Yes bitcoin is money..
Anything use as a mode of payment is money..
So bitcoin is used as payment then bitcoin is money.
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November 09, 2017, 08:44:01 AM
 #2133

Bitcoin is more than money. It is virtual gold
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November 09, 2017, 08:44:59 AM
 #2134

I am buying almost everything with bitcoins and I can even send them and receive them in my wallet like real money so its definitely money to me as I am getting the goods in exchange of my bitcoins

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November 09, 2017, 08:45:29 AM
 #2135

According to the Vietnam State Bank, virtual money is considered management in three aspects: currency, means of payment; virtual property; (when put into exchange, transfer, purchase, sale ...).

In terms of money or means of payment, through research, the State Bank of Viet Nam said that most countries do not accept virtual currency as currency or means of payment, for two reasons. main.

Firstly, if it is accepted as a currency, as a legal means of payment, the national sovereignty over the issuance of currency is violated, affecting the effectiveness of monetary policy (the virtual currency is out of scope. management, regulation of the central bank).

Secondly, virtual money is accepted that will facilitate tax evasion, illegal transfer, payment, financing of illegal transactions because virtual currency payments are anonymous, without sign. patch.
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November 09, 2017, 08:48:19 AM
 #2136

well, it can be said that way. You can buy something with bitcoin. even now you can easily find many stores that accept bitcoin. but, you'd better use bitcoin as an investment tool, because so many people do that.



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November 09, 2017, 08:55:44 AM
 #2137

Bitcoin is not a money. It is coomodity. that is Gold,silver, platinum etc . We use bitcoin only for trading. We invest our money to purhase the bitcoin . We store it in our wallet as a digital currency.
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November 09, 2017, 09:05:53 AM
 #2138


At first glance, you can not call bitcoin real money, because you can not keep it in your hands, you can not buy most things for them. But this is all temporary. It is worthwhile only to visit the site-monitoring of exchangers and ATMs of bitcoins and it will immediately become clear how many of them are already in America and Europe.

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wahlburger
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November 09, 2017, 09:12:55 AM
 #2139

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.
Same thing goes for me if you can feed on it i would consider it money it actually is money if you have invested in it and if you are trying to earn it it also is money because if you cash them out and spend it you actually made money.
brainape
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November 09, 2017, 09:39:58 AM
 #2140

It will be a new form of money, Bitcoin has a value that you can exchange to become a money to spend for. and I think in future Bitcoin will considered also as a legit money that you can pay in stores and others.
yes you are right that bitcoin is like a new form of money but bitcoin is not money it is basically digital cryptocurrency and there is a huge difference between money and digital currency. people use bitcoin to earn money thats why bitcoin work like money.

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