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Author Topic: Is Bitcoin money?  (Read 110598 times)
iluvpie60
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November 25, 2017, 09:59:28 PM
 #2361

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.



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November 25, 2017, 10:06:16 PM
 #2362

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.

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November 25, 2017, 11:10:23 PM
 #2363

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

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November 26, 2017, 01:44:53 AM
 #2364

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.

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November 26, 2017, 01:49:57 AM
 #2365

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

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November 26, 2017, 01:56:06 AM
 #2366

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.

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November 26, 2017, 02:13:17 AM
 #2367

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..

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November 26, 2017, 02:22:16 AM
 #2368

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.

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November 26, 2017, 03:16:51 AM
 #2369

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.

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November 26, 2017, 05:21:16 AM
 #2370

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.

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November 26, 2017, 05:54:27 AM
 #2371

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.

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November 26, 2017, 06:52:32 AM
 #2372

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.

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November 26, 2017, 01:09:42 PM
 #2373

Bitcoin is a money. This is one kind of digital currency. We can't touch that money but we can saw that money. Every people  earn that money easily   Grin Grin
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November 26, 2017, 01:22:28 PM
 #2374

Yes, its a digital money or currency. It gains or losses depends on the market. You can easily convert to to cash or back to bitcoin if you use coins.ph
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November 26, 2017, 01:29:56 PM
 #2375

yes, bitcoin is also a kind of money when you exchange it to your local money. and like money bitcoin can buy things but the only difference is you can use bitcoin through digital.

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November 26, 2017, 01:55:04 PM
 #2376

for me, bitcoin is an asset...a long-term asset...it is not convenient for me to pay by it...therefore I use it in my investments and don't consider it money
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November 26, 2017, 02:12:54 PM
 #2377

I think right now bitcoins are more of an asset then money. To me it doesn't matter what form my spending power is in wiether it's in gold bitcoins or sticks. I'm just concerned for the value and how much it will increase so I use Bitcoin as I believe it has the best value then any other form of asset.

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November 26, 2017, 02:30:32 PM
 #2378

I think right now bitcoins are more of an asset then money. To me it doesn't matter what form my spending power is in wiether it's in gold bitcoins or sticks. I'm just concerned for the value and how much it will increase so I use Bitcoin as I believe it has the best value then any other form of asset.

But we can do it with the current currencies, and a money its only a thing which you use to trade by othr things, so i think  bitcoin can be considered as money.

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November 26, 2017, 06:38:54 PM
 #2379

I think right now bitcoins are more of an asset then money. To me it doesn't matter what form my spending power is in wiether it's in gold bitcoins or sticks. I'm just concerned for the value and how much it will increase so I use Bitcoin as I believe it has the best value then any other form of asset.

But we can do it with the current currencies, and a money its only a thing which you use to trade by othr things, so i think  bitcoin can be considered as money.
Simple to understand as long as you can use Bitcoin to pay something like a payment method or FIAT, it is money.
And can Bitcoin do that?
Yeah, it can does that, so you can call Bitcoin is money but unlike FIAT, it is crypto money (currency).

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November 26, 2017, 06:42:08 PM
 #2380

Of course bitcoin can be said to be money and also as a digital asset. Bitcoin can also be invested which means also bitcoin is money. Bitcoin is used by everyone just as much as money.

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