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Author Topic: Is Bitcoin money?  (Read 108225 times)
Rinder
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May 08, 2017, 05:58:04 PM
 #721

Yesterday i asked a developer, that looks doesnt know at all what is bitcoin, and his words were it will worth 0,10 dollars into 2-3 years, i had almost said a lot of things about what he dont know about, but well. But atleas he knows it worths money, soo i do use bitcoin the same way i do use fiat saving, as well investing it.

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May 08, 2017, 05:58:25 PM
 #722

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.
Bitcoin is just like other altcoin that can has pump and dump process in price just like any other things like gold, fiat money etc,. in market. Just as Theymos said bitcoin is money too. But unlike any other things bitcoins pumps very often and has been steadily increasing for the past years and experts are saying that bitcoin's price will increase upto 2000-2500$ at the end of the year.

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nachius
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May 08, 2017, 05:59:13 PM
 #723

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.
Bitcoin is just like other altcoin that can has pump and dump process in price just like any other things like gold, fiat money etc,. in market. Just as Theymos said bitcoin is money too. But unlike any other things bitcoins pumps very often and has been steadily increasing for the past years and experts are saying that bitcoin's price will increase upto 2000-2500$ at the end of the year.

Nothing ever pumps forever, and never dumps. If it does, it's not a pump and dump. Bitcoin has genuine value, and large spikes in the price cannot be compared to a pump and dump.
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May 09, 2017, 07:27:57 AM
 #724

Oh, maybe this is not money in full, but it fulfills the function of money, cause we can use bitcoin for buing and selling. So, I think that it can be called a full currency.

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May 09, 2017, 08:17:52 AM
 #725

No matter how other people think for me bitcoin is money even though it is a kind of virtual currency which can be used only in online.

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May 09, 2017, 08:41:34 AM
 #726

No matter how other people think for me bitcoin is money even though it is a kind of virtual currency which can be used only in online.
Bitcoin is money, but most people also use it as an investment tool, especially for moments like this. See the rapidly rising bitcoin price development, making people see bitcoin as a more profitable investment tool, rather than seeing it as money.



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May 09, 2017, 08:52:58 AM
 #727

No matter how other people think for me bitcoin is money even though it is a kind of virtual currency which can be used only in online.
Bitcoin is money, but most people also use it as an investment tool, especially for moments like this. See the rapidly rising bitcoin price development, making people see bitcoin as a more profitable investment tool, rather than seeing it as money.
Very true, Bitcoin has become more than just money
that is why it has grown to be popular as it accommodates every bodies needs from using it as a trading asset, to a form of long or short term investment tool, some use its technology but it will remain as digital money as its popular form.

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May 09, 2017, 09:01:25 AM
 #728

No matter how other people think for me bitcoin is money even though it is a kind of virtual currency which can be used only in online.
Bitcoin is money, but most people also use it as an investment tool, especially for moments like this. See the rapidly rising bitcoin price development, making people see bitcoin as a more profitable investment tool, rather than seeing it as money.
Very true, Bitcoin has become more than just money
that is why it has grown to be popular as it accommodates every bodies needs from using it as a trading asset, to a form of long or short term investment tool, some use its technology but it will remain as digital money as its popular form.

It is more than a  money. Bitcoin can be a good source of income since it does not requires a lot of knowledge, we just need some time and understanding a little of trading and investing. To be able to success here we must learn to make research in every transactions we will be making and we should do extra care on our details and information to avoid getting hacked.We can make money thru bitcoin we just need to work for it.

 

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May 09, 2017, 04:05:51 PM
 #729

bitcoin more than money, bitcoin is commodity, bitcoin is great investation

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May 09, 2017, 05:36:17 PM
 #730

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

Bingo!

Well, the term money is right, but we have to be more specific about this, because there is a lot of money, like the fiat, that we use in the real world and the virtual money that we are using in the internet to buy stuffs and so on which is called cryptocurrencies. The term "Money" is the fiat, because it is the term that we are used on calling the currency that we are using in our everyday lives.

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May 10, 2017, 05:25:33 AM
 #731

Yes, for me bitcoin is money because I can convert it into a real cash/money. All my expenses was came from bitcoin, in my daily routine in life. As in all my billings payment came from bitcoin so thanks to bitcoin that I found it. Smiley

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May 10, 2017, 05:34:01 AM
 #732

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

Bitcoin is a digital money which can be used by everyone in buying or purchasing online. You can also use it to invest, it can be trade to altcoins, and can be used to gamble online. Bitcoin is money, but not just money, it can also become the fruit of your income. Yes, you can earn if you have the knowledge of manipulating your bitcoin in a different ways. Even in holding your bitcoin you can earn profit if its price will rise. Trading is the best way of earning bitcoin so if you have lots of it, you can do that.

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May 10, 2017, 05:47:32 AM
 #733

Yes, for me bitcoin is money because I can convert it into a real cash/money. All my expenses was came from bitcoin, in my daily routine in life. As in all my billings payment came from bitcoin so thanks to bitcoin that I found it. Smiley
What do you do to make that, you are still a newbie, some here are making money with micro work
like sig campaign, are you a trader?

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May 10, 2017, 05:50:46 AM
 #734

There are many advantages that we can get from bitcoin, not only can be used to transact payments, bitcoin can also be a source of income in various ways that we can use to gain profit.

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JINBI

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[
T H E   G O L D E N   I C O
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────────     WHITEPAPER     ────────
]
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May 10, 2017, 10:17:05 AM
 #735

There are many advantages that we can get from bitcoin, not only can be used to transact payments, bitcoin can also be a source of income in various ways that we can use to gain profit.
Yeah bitcoin works just like the natural money in our daily living, bitcoin can be used anywhere but as of now we cannot do that because bitcoin is not that popular and a lot of stores didn't know what is bitcoin and how it works so they are not aware of this beautiful opportunity but i think this income years bitcoin will just like how we use our money like buying and spending bitcoins to buy stuffs in a local store.

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May 11, 2017, 09:46:09 AM
 #736

Bitcoin is a digital money but its same as real money as we can earn it in different ways and also use it for buying goods like paper money so the features of bitcoin are similar to that of real money.
Yes exactly the Bitcoin the bitcoin is digital money the one we cannot touch or feel physically but we take all the same functions from it which tangible or physical money performs. Many of us still don’t understand when they ask about the BTC if it is money or not. Most of us consider only the physical one money.

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May 11, 2017, 10:02:22 AM
 #737

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

Bingo!

Well, the term money is right, but we have to be more specific about this, because there is a lot of money, like the fiat, that we use in the real world and the virtual money that we are using in the internet to buy stuffs and so on which is called cryptocurrencies. The term "Money" is the fiat, because it is the term that we are used on calling the currency that we are using in our everyday lives.

I suspect many people would disagree with that

I'm more inclined to think that we should rather call money (fiat in this case) that we use in our everyday lives currency. Despite the fact that I'm myself on the whole against distinguishing between the terms, money and currency (because this more often than not actually contributes to confusion, not removes it), but here it seems to be the case where such distinction makes sense. In this way, Bitcoin is money as well as fiat, but only fiat can be considered as a genuine currency since only the latter is used as a regular means of exchange in "real life" (i.e. specifically as a currency)

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May 11, 2017, 10:48:29 AM
 #738

Oh, maybe this is not money in full, but it fulfills the function of money, cause we can use bitcoin for buing and selling. So, I think that it can be called a full currency.
That is true, bitcoin pretty much fulfills this function, but it is very important to say that this is just a one thing about bitcoin.
You can use cryptocurrencies for many different things, for investing,holding, paying for something etc.
Also, if you invest in some particular crypto, you pretty much support the whole network: same thing with bitcoin because a good example of it might be last days in Japan: the bitcoin price holds pretty stable on insanely high price  level, because Japan citizens are making a big part of daily volume. After all , BTC will be adopted in this country so people want to obtain some of it.


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Isaacck1
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May 11, 2017, 12:46:37 PM
 #739

Bitcoin is like money, some say it is money. Either of the two is correct because bitcoin can be earned and spent. It can also be exchanged to other currency.

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May 11, 2017, 01:10:30 PM
 #740

Bitcoin is like money, some say it is money. Either of the two is correct because bitcoin can be earned and spent. It can also be exchanged to other currency.

Money is considered by the government, they must be stamped  either paper or coin. But it can be used as a payment, either services or debt, so if I will have to choose, I still don't know what to choose.

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