Is Bitcoin money?

[jmiro1]

You must be joking. Even the time is money.

[NikolayRaev]

Definetelly YES!

Bitcoin is money for the Internet. It is a scarce digital commodity used as money by millions around the world. People buy coffee with Bitcoin at local shops. Others get paid in Bitcoin and use it to shop online. Friends use it to settle with whoever paid for dinner. Workers send Bitcoin back home to help family, regardless of where they live.

Since its start in 2009, Bitcoin has provided an alternative to traditional government-issued money. No single government, corporation, or nation controls Bitcoin. There is no need for a Bitcoin bank. People store Bitcoin in software called a wallet, which is available for almost any device.

[BUK2016]

I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.

+1 agreed.  It's a commodity, a digital store of value.

Bitcoin is not just a commodity or a digital store of value but it a digital currency that serve all the purpose of other currency that one can think about like fait currency. With the above point I can say with confidence that bitcoin is a currency and at the same time a store of value.

[sandos]

Actually, Bitcoin can be used for payment. But actually, I think that Bitcoin is a kind of asset investment likes Stock.

[Gladz29]

I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.

+1 agreed.  It's a commodity, a digital store of value.

Yes, bitcoin is money. Even now its digital money. But in near future bitcoin became official currency and anyone can used it, spend it. And also we can used it for paying bills, and buy what we want using bitcoin.

[Crls]

Yo la considero moneda, porque puedes intercambiarlo por un producto/servicio que quieras.

[elie_s]

bitcoin is more then a virtual money it has value and this value change during time it can rise up or fall down its a currency its worth more then gold at elast for the meantime

[Jake Roberson]

I'd say, this is more than usual money, this is definitely something, which surely allows you to cooperate with most of transactions which may be locked in case you are using usual funds instead.

[iluvpie60]

Bitcoin is more than just money. It is a cryptocurrency that is secured by hashing power(miners) and the network(nodes) and the developer team puts out updates to the code pubically. Money/Fiat doesn't have any of those things. It isn't secured by hashing power(it is by brute strength/military/government). Money is printed all the time and it drives down our purchasing power, whereas bitcoin becomes worth more and raises our purchasing power.


Bitcoin is a better form of money.

[wledgewil]

Bitcoin is something radically new. Nothing like Bitcoin has been possible until now.

Bitcoin = currency or crypto currency, money, commodity = True.
What ever the definition we choose, we much focus to gain profits and deserves to do it better comparing to others so bitcoin is really a BIG money.

[378budiman]

Bitcoin is the virtual currency. It has more in common with paypal than with dollars or with gold.

[cipher-x_09]

For me, it is also a money but more of gold because as of now not all business is considering and accepting bitcoin as a mode of payment for their goods and services. I considered it money because I see it as an additional source of income in which if I sell and cash it out I can use it to buy things I needed and sometimes want to buy. The reason why I considered also as gold because it is something as valuable as gold imagine 1 bitcoin selling as high as 8,000 US dollars as has a very potential to grow as high as the stated price.

[levvv]

Its not an ordinary money. Its virtual money i think. But you need real money to buy bitcoin

[Apple Mac]

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

Well you have a point technically but for me its not , and I think bitcoin is a platform or a currency in which payment for a certain service will be sent using bitcoin's currency. So I think it is a boundary for a service and worker to meet.

[Seaze007]

bitcoins are just like shells or furs in ancient times - of course they are not banknotes or coins, but it's money, because they have all the functions of money

Yes bitcoin is like money. The value of this are big. But it depends on you how to spend it, but their are more people just save the bitcoin for the future. And wait for the right value then they sell it..

[P60]

The bitcoin is money, as it can be used to pay for any kind of expense and this is what money can do.

Indeed, Bitcoin can be considered as money. Just like fiat money, Bitcoin has value too and I could say that it is higher than the real money; the only difference is fiat money can be physically hold but Bitcoin is a digital currency which can be converted to pesos, dollars, etc.

[darkywis]

I can say it is. Basically bitcoin is not an actual currency that we use in our day to day life but we can use it as a medium of exchange and its like a cheque that pays a specific amount of money from a person's account.

[DoublerHunter]

I can say it is. Basically bitcoin is not an actual currency that we use in our day to day life but we can use it as a medium of exchange and its like a cheque that pays a specific amount of money from a person's account.

Bitcoin is more on like being a mode of payment and a way where people can use to make investment and huge payments with a lesser amount of fees but faster than some of the traditional way of transferring money. Bitcoin is money and but it is not like the fiat currency so they are really different form of money.

[Duzenn]

Bitcoin is not money, but bitcoin can be exchanged for what countries call money. Bitcoin is an innovative thing, and more should be defined as a collection.

[sazon84]

For me bitcoin is not money, but a way of earning money. It is the capital. With bitcoin I trade on the stock exchange, through its growth I get Fiat money. As money is not very suitable at present, because most exchange rate volatility, a very long transaction. Most likely as money you can use any altcon with fast transactions and small commissions. And bitcoin will be like gold.