Is Bitcoin money?

[andylowe]

bitcoin is a digital currency that is not tied to a bank or government and allows its users to shop without revealing their identity. These coins are created by users who "mine" their currency by lending computing power to verify other user transactions. They accept bitcoin in return. These coins can also be bought and sold by exchanging local currency.

Yes I agree on you. Bitcoin is a digital cryptocurrency that is not tied to any banks or in government. It is a money from the internet that helps us shop without revealing our own identity. Bitcoin also helps us on paying bills without hesitation and through bitcoin we can save money for the future. So in conclusion bitcoin is more like a money that helps us make our life more easier than before. It helps us through anything that we really wanted and help us to gain to support our needs and provide some of our desires.

[a4techer]

Bitcoin right now is we called new money as you said money can pay or buy sometime it same in bitcoin that can pay, shop or buy using bitcoin because bitcoin is we called digital money that you didn't need tangible or hard money to transact bitcoin can transact in every country so that bitcoin is money, digital money.

[sudhirratra68]

Yes, it is. Bitcoin is a new concept of this era. It is a virtual 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 and also use in other business transactions.

[Bkjones]

Hey i am Bkjones  ! Yes afcource Bitcoin is a new concept of this era.its a digital or virtual currency on internet.

[azker]

In economic theory there is a definition of the concept - Money.
Bitcoin corresponds to all characteristics of money. We make a conclusion-bitcoin Money.

“Bitcoin corresponds to all characteristics of money. We make a conclusion-bitcoin Money.” But by that logic it also falls into other categories like asset, investment, etc

[Marcogwapo]

Gold is gold, money is money, bitcoin is bitcoin. They all have value. gold can exchange to money, money can exchange to gold and also bitcoins can use to get money and gold.

[regnidorhcs]

Yes, Bitcoin can turn into a money with or without investments you can gain money and all you need a devices and internet and the result will definitely good.

[Aileen C.]

Indeed. Bitcoin is a cryptocurrency. Its not the money that we use to everyday but it makes a lot of money if we invest and used it.

Yes, Bitcoin can turn into a money with or without investments you can gain money and all you need a devices and internet and the result will definitely good.

[zabjerr]

True bitcoin is a money so he is the highest of all the coins so we should support bitcoin and other coins, even though bitcoin is different than ours but if it's converted to our money then

[Marileno]

Not in my opinion. In my opinion it is a speculative vehicle. The 2 main reasons for this relate to what a currency actually does ; helps you transact and buy stuff. BTC has little utility in this regard due to :

1. Transaction costs are ridiculously high
2. Transaction confirmation speeds are ridiculously slow

[Kizuna123]

Yes but not exactly, because bitcoin is just a value that can be converted into a money.

[santieevanz]

The reason why bitcoin exist is because its purpose at first is to make the transaction easier but it happened that many millionaires invested into bitcoin and the reason why it becomes demand in some other countries. Since the value of bitcoin is expensive, it becomes the asset of an individual and that’s why they keep on investing or trade in order to earn a huge amount of money. Another thing is that, it is safe and can transact worldwide.

[PandoraTV]

It is not money, nor legally, nor factually. It has evolved into a store of value. For how long? Will it one day lose all its value? Probably yes, but we have no idea when.

[indika8821]

          BTC>>>BITCOIN
This is not fiat currencies but Bitcoin is a cryptocurrency accept worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank by founded nakamoto. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services in many country

[mengpujiu93388]

However, you might be able to exchange real money for your bitcoin, so it's good, so you can use bitcoin as real money.

[Jaya1995]

bitcoin is not just money

but bitcoin is crypto money that we can invest

bitcoin is also one of the money with a fairly large bungayang tribe until now

[sirkings0003]

 You have said it all. Bitcoin is money that is encrypted to ensure that it gets to its intended destination without human or system interruptions. By the encryption, it is safer than cash. Note that millions of dollars can be moved across the continents in minutes, though not these days.

[laowang666]

Bitcoin isn't money, but you can think of it as a commodity, it's worth it, it's worth a lot of money, it's worth a lot of money, it's worth a lot of money.

[soma50]

YES, bitcoin is Digital money.

[Albe96XDAa]

Bitcoin is a digital currency and money do you refer to fiat? You can store the value in a digital wallet and everything is digital here.