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Author Topic: Is Bitcoin money?  (Read 107617 times)
gracia0023
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April 11, 2017, 05:57:57 AM
 #401

Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.

Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.

And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
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April 11, 2017, 06:07:54 AM
 #402

Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.
Though it haven't got a country which officially​ use bitcoin as Country's currency digital stores and several offline countries accept it as an currency rather than a payment portal. Also it has the features of the currency moving up and down depending on market, so can be considered as a currency.

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April 11, 2017, 06:12:03 AM
 #403

Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.

Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.

And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
My country philippines accept bitcoin as payment I think last month ago or two months ago the BSP or the banko central of philippines released an article about bitcoin and the details is "bitcoin as payment". Its not a problem the total population of bitcoin user it is less or more. The important is bitcoin gives opportunity to us to earn money . And thats good to say bitcoin is money because if earn bitcoin I also earn money.

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April 11, 2017, 11:57:18 AM
 #404

Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.

Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.

And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
My country philippines accept bitcoin as payment I think last month ago or two months ago the BSP or the banko central of philippines released an article about bitcoin and the details is "bitcoin as payment". Its not a problem the total population of bitcoin user it is less or more. The important is bitcoin gives opportunity to us to earn money . And thats good to say bitcoin is money because if earn bitcoin I also earn money.

Is that true? If it is then bitcoin as a mode of payment will quickly bloom in the asian countries. First Japan, then now Philippines. That is quite promising for the wide acceptance of bitcoin. More and more bitcoin will be known for its capability similar to what a fiat money is.

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April 11, 2017, 12:36:05 PM
 #405

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
Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.

Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.

And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
My country philippines accept bitcoin as payment I think last month ago or two months ago the BSP or the banko central of philippines released an article about bitcoin and the details is "bitcoin as payment". Its not a problem the total population of bitcoin user it is less or more. The important is bitcoin gives opportunity to us to earn money . And thats good to say bitcoin is money because if earn bitcoin I also earn money.

like you im from philippines they accept bitcoin that is a good news but in our country many people don't know what is bitcoin because they focus on peso and money but bitcoin for me is like money you have to work to earn money . thanks for my friend because he teach me to know bitcoins

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ije07
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April 11, 2017, 12:45:35 PM
 #406

Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.

Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.

And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
My country philippines accept bitcoin as payment I think last month ago or two months ago the BSP or the banko central of philippines released an article about bitcoin and the details is "bitcoin as payment". Its not a problem the total population of bitcoin user it is less or more. The important is bitcoin gives opportunity to us to earn money . And thats good to say bitcoin is money because if earn bitcoin I also earn money.

Is that true? If it is then bitcoin as a mode of payment will quickly bloom in the asian countries. First Japan, then now Philippines. That is quite promising for the wide acceptance of bitcoin. More and more bitcoin will be known for its capability similar to what a fiat money is.
that right guys . Maybe from the creator bitcoin for the unemployment i think. And also i hope there is nothing that makes bitcoin bank project, with a view want to control bitcoin this

TheUltraElite
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April 11, 2017, 02:48:57 PM
 #407

I consider it as money cause we can use it to pay and for me it is the only value of money,
For me money is just something that can be used to pay for something so therefore I consider bitcoin as money.

It's a money since we can used it to transact with things relating to money, like in paying bills, shopping, getting paid on job or simply by transferring it to a friend. Bitcoin can do all such,it can be a source of income when doing campaigns and and a payment in any transactions that offers bitcoin payment online.

It is more than just money. It has advantages over conventional fiat currency and it can take over it. Problem is governments are not willing to allow bitcoin transactions in many countries and even declared it to be illegal currency in my country. Thus people are prone to being lawfully accused of money laundering here soon.

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speem28
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April 11, 2017, 04:25:25 PM
 #408

Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.

Well, I disagree with you on this one, Do some little research and you will see that there are countries who legalized the used of bitcoin and there are more than enough people that use bitcoin than that 3% you said and I really don't know where you got that kind of statistics.


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April 11, 2017, 04:34:41 PM
 #409

Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.

Well, I disagree with you on this one, Do some little research and you will see that there are countries who legalized the used of bitcoin and there are more than enough people that use bitcoin than that 3% you said and I really don't know where you got that kind of statistics

I'm curious if you know yourself how many people live in the world presently

Just in case, today's world population is over 7 billion people all in all, and even if we assume that just 3% of them are using Bitcoin, this will give us a whopping 240 millions of people. I think it should be obvious to anyone that we are nowhere near that number. As to me, there are only around 1 million people actively using Bitcoin on a pretty regular basis. In fact, that might even be an upper limit while the real number might be lower

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April 11, 2017, 08:55:39 PM
 #410

I consider it as money cause we can use it to pay and for me it is the only value of money,
For me money is just something that can be used to pay for something so therefore I consider bitcoin as money.

It's a money since we can used it to transact with things relating to money, like in paying bills, shopping, getting paid on job or simply by transferring it to a friend. Bitcoin can do all such,it can be a source of income when doing campaigns and and a payment in any transactions that offers bitcoin payment online.

It is more than just money. It has advantages over conventional fiat currency and it can take over it. Problem is governments are not willing to allow bitcoin transactions in many countries and even declared it to be illegal currency in my country. Thus people are prone to being lawfully accused of money laundering here soon.
but i do not think that any government has yest turn bitcoin as illegal currency, as i never seen any person anywhere in the world who is charge for using bitcoin. so i can say that still there is not a single country who have consider bitcoin as illegal currency.

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April 12, 2017, 02:26:21 AM
 #411

Can we call this time the bitcoin is not money but gold, this is because the price of the bitcoin very profitable even many members agree that bitcoin is better than gold.
Even if we were to agree with that, you need to understand that gold is also money what happens is that governments have been so effective at branding their useless pieces of paper as money that we have forgot what real money looks like, someone that holds a gold coin immediately realizes that this coin has true value and something similar happens to bitcoin.

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Yatsan
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April 12, 2017, 06:51:41 AM
 #412

Yes as long you use a thing to pay it is called money, so Bitcoin and other cryptocurrecy is a money that thing that it is different with the fiat is it's appearance because bitcoin is a digital currency. So bitcoin is a money and the other alt coin too.

paul gatt
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April 12, 2017, 06:58:32 AM
 #413

Yes as long you use a thing to pay it is called money, so Bitcoin and other cryptocurrecy is a money that thing that it is different with the fiat is it's appearance because bitcoin is a digital currency. So bitcoin is a money and the other alt coin too.
I do not agree with what you say, bitcoin is not an altcoin, it is a core coin, it is the foundation of all the other altcoins. It's like a common currency of technology, it has the same power and power as cash. Bitcoin is a digital coin that represents the evolution of technology, it is even stronger than many of the current cash in the world.

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Pangia
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April 12, 2017, 08:27:27 AM
 #414

Yes as long you use a thing to pay it is called money, so Bitcoin and other cryptocurrecy is a money that thing that it is different with the fiat is it's appearance because bitcoin is a digital currency. So bitcoin is a money and the other alt coin too.

Bitcoin is money but its not an altcoin for sure in fact its an foundation of other altcoins as you cannot use any altcoin for buying or getting fiat in hands and if you have to do then first you need to sell your altcoin to bitcoin and then can get fiat currency.


 
 
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KennyR
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April 12, 2017, 08:41:13 AM
 #415

Each has their own thinking and own view on bitcoin. Some say it's a ponzi, but they still use. Some say it's a threat to the economic system, but they use as an investment to benefit out of it. Banks consider it as an technology and have started to adopt it fearing the goodness in it. So if you think it as money it is, as well if you think it's an investment then it is an investment. Nothing wrong in it.


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dadaas
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April 12, 2017, 12:04:37 PM
 #416

Bitcoin is a money and also an investment and it will depend on a person how he treats bitcoin as of now I am getting fiat currency by exchanging bitcoins so its a money to me as I can buy anything that I want and if not then I will prefer to hold it for the future to get best returns from it.


 
 
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skorupi17
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April 12, 2017, 01:10:03 PM
 #417

Yes as long you use a thing to pay it is called money, so Bitcoin and other cryptocurrecy is a money that thing that it is different with the fiat is it's appearance because bitcoin is a digital currency. So bitcoin is a money and the other alt coin too.
I do not agree with what you say, bitcoin is not an altcoin, it is a core coin, it is the foundation of all the other altcoins. It's like a common currency of technology, it has the same power and power as cash. Bitcoin is a digital coin that represents the evolution of technology, it is even stronger than many of the current cash in the world.

Yes as long you use a thing to pay it is called money, so Bitcoin and other cryptocurrecy is a money that thing that it is different with the fiat is it's appearance because bitcoin is a digital currency. So bitcoin is a money and the other alt coin too.

Bitcoin is money but its not an altcoin for sure in fact its an foundation of other altcoins as you cannot use any altcoin for buying or getting fiat in hands and if you have to do then first you need to sell your altcoin to bitcoin and then can get fiat currency.

I am sorry guys but it seems that you misunderstood what @Yatsan stated. The bold and underlined portion of his passage, I think, was the source of the misunderstanding. He/she stated that bitcoin is a money and altcoins are also money. He/she did not say that bitcoin is an altcoin also.

INVALID BBCODE: close of unopened tag in table (1)
doomloop
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April 12, 2017, 01:12:31 PM
 #418

Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.

Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.

And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
My country philippines accept bitcoin as payment I think last month ago or two months ago the BSP or the banko central of philippines released an article about bitcoin and the details is "bitcoin as payment". Its not a problem the total population of bitcoin user it is less or more. The important is bitcoin gives opportunity to us to earn money . And thats good to say bitcoin is money because if earn bitcoin I also earn money.
its very good news that bitcoin now accepting in some country slowly slowly as payment method and i hope bitcoin will be acceptable sooner around the world.

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duckydonald
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April 12, 2017, 02:55:11 PM
 #419

Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.

Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.

And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
My country philippines accept bitcoin as payment I think last month ago or two months ago the BSP or the banko central of philippines released an article about bitcoin and the details is "bitcoin as payment". Its not a problem the total population of bitcoin user it is less or more. The important is bitcoin gives opportunity to us to earn money . And thats good to say bitcoin is money because if earn bitcoin I also earn money.
its very good news that bitcoin now accepting in some country slowly slowly as payment method and i hope bitcoin will be acceptable sooner around the world.

Yes this is just an beginning and in future we will see many more countries that will start accepting bitcoins as payment method and also as a currency and that will attract those people who have not heard about the bitcoins.


 
 
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jc89
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April 12, 2017, 03:14:41 PM
 #420

Yet, we can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth.

Actually there is. Japan already accepts bitcoin as a form of payment in many stores there. They even approved a bill for that which was approved last April 1.

And for the record, even though no country uses bitcoin officially, as long as you can use it as payment you can say that bitcoin is a money. That is because bitcoin hold a value that is directly convertible to fiat (money) so basically, bitcoin is a money.
My country philippines accept bitcoin as payment I think last month ago or two months ago the BSP or the banko central of philippines released an article about bitcoin and the details is "bitcoin as payment". Its not a problem the total population of bitcoin user it is less or more. The important is bitcoin gives opportunity to us to earn money . And thats good to say bitcoin is money because if earn bitcoin I also earn money.
its very good news that bitcoin now accepting in some country slowly slowly as payment method and i hope bitcoin will be acceptable sooner around the world.

Yes this is just an beginning and in future we will see many more countries that will start accepting bitcoins as payment method and also as a currency and that will attract those people who have not heard about the bitcoins.

There is no doubt about that type of scenario. Due to the start of acceptance of bitcoin by different countries, we may expect that more and more countries will accept bitcoin as a method of payment. Soon we will expect that more news will emerge about a new country that accepts bitcoin or new multinational businesses will start to accept bitcoin. These type of news will appear month after month or even week after week. We will witness the fast growth of bitcoin.

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