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Author Topic: Is Bitcoin money?  (Read 100885 times)
mdzahed134
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May 05, 2017, 12:24:07 PM
 #701

BTC is digital currency or cryptocurrency or digital cash it's creator is "Satoshi Nakamoto". The question weather btc is a currency or not is still disputed.

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May 05, 2017, 01:01:06 PM
 #702

Bitcoin is the digital currency of the new generation and it is more created for entertainment. I do not expect a long-term outlook, because without the Internet, it will simply disappear.
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May 05, 2017, 01:05:15 PM
 #703

Bitcoin is the digital currency of the new generation and it is more created for entertainment. I do not expect a long-term outlook, because without the Internet, it will simply disappear.

I don't think it's more created for entertainment but it is certainly created for avoiding centralized transactions and it is good for investing. Why people are keep on telling about the disappearance of internet. With the current situation of the world today, internet is a necessity and it is not going to disappear, so bitcoin will remain and will be treated as money and investment.

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May 05, 2017, 01:15:32 PM
 #704

in a short words yes bitcoin is a money Cheesy, in other words bitcoin is more than money
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May 05, 2017, 01:17:55 PM
 #705

Bitcoin is the digital currency of the new generation and it is more created for entertainment. I do not expect a long-term outlook, because without the Internet, it will simply disappear.

You do have a point, but actually i don't agree btc is for entertainment purposes.  I feel that it does have far more reaching potential than the 'powers that be' would like to acknowledge.   To start with, the fact that regular people like ourselves have btc means the establishment may not like it.

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May 06, 2017, 10:35:31 AM
 #706

For me, bitcoin is not money. It performs the functions of gold, payment of the system and cash. Bitcoin is something in common with what I called.
We have different understanding but for me it's money because it has a value and more valuable than fiat.
When I have a lot of bitcoins, I will think I am rich because it's money that I am holding.

If you have a lot of gold you will think you are rich as well, but gold is not money, right? It is money if you are spending it on your daily expenses. But if you are just holding it, then it just becomes an investment.
One of the qualities of money is that it should also be a store of value and gold is an asset that serves as a good store of value, so we can rightly say that gold is also a form of money which one can easily exchange for cash anytime anywhere across the globe. It is readily acceptable because people see it as a form of money.

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May 06, 2017, 01:35:58 PM
 #707

Bitcoin is a legit money because you can use it online where you can choose it as a payment when you are buying something from a site or from to your friend but make sure that they are all accepts bitcoin because if not then it will not be that big problem because you can still use fiat money.

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May 06, 2017, 08:10:57 PM
 #708

Is bitcoin money? I think better than money. because with bitcoin can avoid inflation, currently save money same with store numbers, just look good but not worth it.

What do you mean by not worth it? Are you trying to say that its not worth to have bitcoins in wallet or it is just a waste of time and money and if you have that feeling then you are totally wrong as bitcoin is a future of money.
yes it is non sense saying, bitcoin is so much important and profitable and specially for those people who have good skill. skillful people can really get good benefit from bitcoin, hope that bitcoin will remain as one of the most import or our life and we will be using bitcoin in future as fiat currency even in our local shops in our area.
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May 06, 2017, 08:15:32 PM
 #709

Yea,bitcoin is money but it is not like other kinds of money.Bitcoin is crypto currency internet money which you can see only online on internet and not like thing which you can touch.You can buy bitcoin in bitkonan and sell also and you can keep your bitcoins in bitkonan wallet and wait them until they grow.
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May 08, 2017, 06:46:42 AM
 #710

Bitcoin is the digital currency of the new generation and it is more created for entertainment. I do not expect a long-term outlook, because without the Internet, it will simply disappear.
Yes, I agree that the main source of this money is the internet but how come one could say that it is just an entertainment. Are the people buying it are crazy ?

This is something astonished me sorry to say but it is not entertainment dear. It is for real it exists and when you talk about the internet stuff then let me correct you that the whole banking system of the world is now a day working on the internet.

You can’t withdraw, transfer and deposit money to your account when the internet link is down. It doesn’t mean that the bank employees sitting there are jokers to enter entertain someone.

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May 08, 2017, 07:46:13 AM
 #711

Yea,bitcoin is money but it is not like other kinds of money.Bitcoin is crypto currency internet money which you can see only online on internet and not like thing which you can touch.You can buy bitcoin in bitkonan and sell also and you can keep your bitcoins in bitkonan wallet and wait them until they grow.
Bitcoin is not that ordinary money or currency because bitcoin is so powerful and advanced in terms of being a currency. Bitcoin is the new type of currency and a lot of people using it right now and keep buying it from different sites. I didn't hear that name bithokan but i think it is an online site and i don't think it is good to keep your bitcoins there for a long time because it is too risky for you to risk your money and the hackers might steal your bitcoins.

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May 08, 2017, 08:12:48 AM
 #712

Yea,bitcoin is money but it is not like other kinds of money.Bitcoin is crypto currency internet money which you can see only online on internet and not like thing which you can touch.You can buy bitcoin in bitkonan and sell also and you can keep your bitcoins in bitkonan wallet and wait them until they grow.
Bitcoin is not that ordinary money or currency because bitcoin is so powerful and advanced in terms of being a currency. Bitcoin is the new type of currency and a lot of people using it right now and keep buying it from different sites. I didn't hear that name bithokan but i think it is an online site and i don't think it is good to keep your bitcoins there for a long time because it is too risky for you to risk your money and the hackers might steal your bitcoins.

Reality of bitcoin is not as popular as fiat currency money and I do agree that this not just an ordinary money that you can barely see anywhere. Bitcoin money cannot be defined by any individuals directly, because it has a hidden identity that could not be recognized by people immediately. Only those who had proper understanding can appreciate it's use, and by bitcoin money you can have freedom  by using it for different purposes online; just like fiat currency they're both having the same impressions with regards to spending and saving money for profitable investments.

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May 08, 2017, 08:24:47 AM
 #713

Yea,bitcoin is money but it is not like other kinds of money.Bitcoin is crypto currency internet money which you can see only online on internet and not like thing which you can touch.You can buy bitcoin in bitkonan and sell also and you can keep your bitcoins in bitkonan wallet and wait them until they grow.
Bitcoin is not that ordinary money or currency because bitcoin is so powerful and advanced in terms of being a currency. Bitcoin is the new type of currency and a lot of people using it right now and keep buying it from different sites. I didn't hear that name bithokan but i think it is an online site and i don't think it is good to keep your bitcoins there for a long time because it is too risky for you to risk your money and the hackers might steal your bitcoins.
I love bitcoin and I can consider myself as ordinary person, for me it's not hard to understand bitcoin if it can help you.
Maybe people are more incline with the conventional way even if they can be help with the new system, they are hesitant to try.
For me, bitcoin is revolutionary, it will help the financial system more successful due to fast transaction.

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May 08, 2017, 08:49:58 AM
 #714

Yea,bitcoin is money but it is not like other kinds of money.Bitcoin is crypto currency internet money which you can see only online on internet and not like thing which you can touch.You can buy bitcoin in bitkonan and sell also and you can keep your bitcoins in bitkonan wallet and wait them until they grow.
Bitcoin is not that ordinary money or currency because bitcoin is so powerful and advanced in terms of being a currency. Bitcoin is the new type of currency and a lot of people using it right now and keep buying it from different sites. I didn't hear that name bithokan but i think it is an online site and i don't think it is good to keep your bitcoins there for a long time because it is too risky for you to risk your money and the hackers might steal your bitcoins.
I love bitcoin and I can consider myself as ordinary person, for me it's not hard to understand bitcoin if it can help you.
Maybe people are more incline with the conventional way even if they can be help with the new system, they are hesitant to try.
For me, bitcoin is revolutionary, it will help the financial system more successful due to fast transaction.

Unfortunately transactions are not always fast these days. For example the Average Confirmation Time in the last 180 days ranges from 20 minutes to 150 minutes, and sometimes one have to wait over 24 hours for the first confirmation.

Bitcoin is better than money to me in many regards, but we have to admit that transactions are not as fast as we want them to be.

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May 08, 2017, 10:30:02 AM
 #715


Quote

Unfortunately transactions are not always fast these days. For example the Average Confirmation Time in the last 180 days ranges from 20 minutes to 150 minutes, and sometimes one have to wait over 24 hours for the first confirmation.

Bitcoin is better than money to me in many regards, but we have to admit that transactions are not as fast as we want them to be.


Yes, today bitcoin confirmation becomes progressively longer. And that's just the lack of bitcoin. Though in modern times, speed is also very reliable. The rest, bitcoin is money also future assets.


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May 08, 2017, 10:36:33 AM
 #716

Yea,bitcoin is money but it is not like other kinds of money.Bitcoin is crypto currency internet money which you can see only online on internet and not like thing which you can touch.You can buy bitcoin in bitkonan and sell also and you can keep your bitcoins in bitkonan wallet and wait them until they grow.
Bitcoin is not that ordinary money or currency because bitcoin is so powerful and advanced in terms of being a currency. Bitcoin is the new type of currency and a lot of people using it right now and keep buying it from different sites. I didn't hear that name bithokan but i think it is an online site and i don't think it is good to keep your bitcoins there for a long time because it is too risky for you to risk your money and the hackers might steal your bitcoins.
I love bitcoin and I can consider myself as ordinary person, for me it's not hard to understand bitcoin if it can help you.
Maybe people are more incline with the conventional way even if they can be help with the new system, they are hesitant to try.
For me, bitcoin is revolutionary, it will help the financial system more successful due to fast transaction.

Unfortunately transactions are not always fast these days. For example the Average Confirmation Time in the last 180 days ranges from 20 minutes to 150 minutes, and sometimes one have to wait over 24 hours for the first confirmation.

Bitcoin is better than money to me in many regards, but we have to admit that transactions are not as fast as we want them to be.

Yes but Bitcoin transaction times are not a way to define if Bitcoin is a money or not. And they are right about online sitws accepting Bitcoin as a mode of payment because even Businesses look at Bitcoin with something of more value compared to Fiat currency or they just like the fact that they are opening up to new customers who prefers to transact online with Bitcoin. Although some countries don't recognize Bitcoin as a currency it never stopped their citizen to use it in their daily lives.

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Straux
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May 08, 2017, 10:56:20 AM
 #717

To me, bitcoin isn't a money. It's an asset. I don't like to see bitcoin as a currency that will easily be traded and is good at it. It's not. Trading cash and the like is totally free and requires no internet connection.

Bitcoin is more like gold. It's good at being a nice way to save your money, but not good at being traded 24/7, in public and private.


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lol3c
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May 08, 2017, 11:30:17 AM
 #718

in a short words yes bitcoin is a money Cheesy, in other words bitcoin is more than money
That is true. Bitcoin is more than money. Bitcoin is a revolution,  a new technology and a type of long term investment. I dont know why there are still many people ignore the benefits of Bitcoin

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May 08, 2017, 12:40:14 PM
 #719

in a short words yes bitcoin is a money Cheesy, in other words bitcoin is more than money
That is true. Bitcoin is more than money. Bitcoin is a revolution,  a new technology and a type of long term investment. I dont know why there are still many people ignore the benefits of Bitcoin

Because bitcoin requires considerable understanding of the environment or community, many people dare not speculate on this because majority of countries do not consider it legal. Knowing that there is no state role in bitcoin makes many people less likely to be uninterested. As we know today bitcoin prices are already very high as a currency entity, maybe this is the turning point for introducing bitcoin more broadly.


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Meowth05
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May 08, 2017, 05:49:24 PM
 #720

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

Yes. It doesn't matter what nation-states think bitcoin is.

All we're doing is saying bitcoin as something else other than its economic reality.
Yes this is really a great opportunities to many people who want to invest in bitcoin but many people have panic because of the rapidly increasing price so bitcoin so they think that they need to invest right now.

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