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Author Topic: Is Bitcoin money?  (Read 101284 times)
FlightyPouch
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February 15, 2017, 08:07:45 AM
 #81

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money because we can transact with it anytime, anywhere as long as we are transacting with the people who are accepting bitcoins. And I've been using it already for paying my internet bills all of the sudden and I really liked it a lot. Because of bitcoin, my life is now easier.
Well I do believe in bitcoin, though the point is why are we still converting these cryptocurrency in a real money if it is a real money.
if it is a real money we can buy anytime anywhere in every stores that our country have. So why do we still need to convert them if they are Real Money?
I agree that bitcoin is an online digital currency.

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February 15, 2017, 08:18:59 AM
 #82

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money because we can transact with it anytime, anywhere as long as we are transacting with the people who are accepting bitcoins. And I've been using it already for paying my internet bills all of the sudden and I really liked it a lot. Because of bitcoin, my life is now easier.
Well I do believe in bitcoin, though the point is why are we still converting these cryptocurrency in a real money if it is a real money.
if it is a real money we can buy anytime anywhere in every stores that our country have. So why do we still need to convert them if they are Real Money?
I agree that bitcoin is an online digital currency.
Though its an online currency, several offline and small stores too started accepting bitcoin. So no need to convert it to fiat for our usage as quoted. But the same is not found everywhere. This makes users to convert bitcoin to fiat for their needs. Only few thousands have been accepting bitcoin directly around the world which is mostly on the western side.

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February 15, 2017, 05:03:45 PM
 #83

For me i consider bitcoin is the generation of money in this time.Because this generation is digital,all focuses on technology and online stuff where bitcoin is in.And many online users uses bitcoins for their expenses online.And yet being a cryptocurrency there still a currency word on it so you can consider it as a money wether where it is being spend or earn.You can spend monry everywhere and same as bitcoin,they do have almost the same characteristics

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citywise2
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February 15, 2017, 05:56:16 PM
 #84

Yes in my opinion it is a money because it is used in legal tenders

Even around the world today so many countries is a wears of bit coin.
It is in circulation and it is used mostly in online trade everywhere.

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February 15, 2017, 09:58:50 PM
 #85

it's exchangeable for USD, it has value and people who are willing to Pay to get it, which is the exact definition of a currency in my book.
Money isn't necessarily banknotes or gold, Credit Cards, Gift Cards and PayPal already made that clear, BTC is something that has a certain value therefore money.
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February 15, 2017, 10:22:03 PM
 #86

Bitcoin is convertible to fiat money cash using an online, wallet therefore it justify that its a money and you can cash it out through bank affiliated with the wallet site. That money from bitcoin could be a sustainable income for everyone who needs cash for the family and emergency spending.

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February 15, 2017, 11:06:40 PM
 #87

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money
Yeah it is, According to the economic expert such as Dennis Home Robertson and his book "Money" and he has written about the definition of money.
Quote
"money is something accepted in payment for goods"
No doubt if bitcoin already included on the money.  Grin

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February 16, 2017, 02:51:16 AM
 #88

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money
Yeah it is, According to the economic expert such as Dennis Home Robertson and his book "Money" and he has written about the definition of money.
Quote
"money is something accepted in payment for goods"
No doubt if bitcoin already included on the money.  Grin

Bitcoin is definitely money as it fits all the properties of a legal tender but we shouldn't lose the fact of the matter that Bitcoin is also listed as a commodity by the CFTC-Commodities Futures Trading Commission and hence can exhibit traits of money and commodity at the same time.

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February 16, 2017, 05:41:12 AM
 #89

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money because we can transact with it anytime, anywhere as long as we are transacting with the people who are accepting bitcoins. And I've been using it already for paying my internet bills all of the sudden and I really liked it a lot. Because of bitcoin, my life is now easier.
but in fact bitcoin is real money and we must accept the fact, because now in so many places bitcoin is used as fiat currency in shops and in those places wehre the number of bitcoin users are increasing there shops are now accepting bitcoin as legal currency.



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February 16, 2017, 05:57:19 AM
 #90

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money because we can transact with it anytime, anywhere as long as we are transacting with the people who are accepting bitcoins. And I've been using it already for paying my internet bills all of the sudden and I really liked it a lot. Because of bitcoin, my life is now easier.
but in fact bitcoin is real money and we must accept the fact, because now in so many places bitcoin is used as fiat currency in shops and in those places wehre the number of bitcoin users are increasing there shops are now accepting bitcoin as legal currency.
You said true that it is money but in actual it is not a teal money it is only virtual which and it is only written data in the internet which is impossible to erase .
No doubt bitcoin us a real money for everyone and for every bitcoiner it is giving money profit , so here we can consider it as the way of payment which has a price in the only world .
So here we can consider bitcoin is not only money but it as virtual money that can't be touch by anyone , but anyone can be use it for his profit and need in internet only .


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February 16, 2017, 06:25:06 AM
 #91

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money because we can transact with it anytime, anywhere as long as we are transacting with the people who are accepting bitcoins. And I've been using it already for paying my internet bills all of the sudden and I really liked it a lot. Because of bitcoin, my life is now easier.
but in fact bitcoin is real money and we must accept the fact, because now in so many places bitcoin is used as fiat currency in shops and in those places wehre the number of bitcoin users are increasing there shops are now accepting bitcoin as legal currency.
Not in so many places actually, the popularity of bitcoin is only based on the adoption of a country in totality. Those countries who normally have big volume of users like China may have a good development but in less develop countries, we cannot expect that kind. Although internet connection is not a problem this days, however, there are people who does not trust bitcoin as they cannot fully understand it. It takes time, but bitcoin is not money IMO but only a tool as payment processor.

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February 16, 2017, 09:34:17 AM
 #92

yes its just because bitcoin come from real money
but bitcoin i think just coin was stored at online
many people can claim bitcoin from faucet
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February 16, 2017, 09:48:59 AM
 #93

Yes Bitcoins very payment !

Bitcoins
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February 16, 2017, 10:03:37 AM
 #94

Bitcoin is money in a digital form and can be exchanged to fiat cash money. It can be sustainable source of income that could be use in spending for your needs and wants. More people even use btc for gambling online and they prefer using it rather than fiat currency.


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SFL
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February 18, 2017, 05:11:53 PM
 #95

Yes i think bitcoin is virtual money through which you can do any transaction. But it is still unavailable in manh countries...

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February 18, 2017, 05:25:23 PM
 #96

Yes I do  agree that bitcoin is a money. we can do transactions with this bitcoin. We also can buy things in online with the help of bitcoin. 

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February 18, 2017, 05:28:17 PM
 #97

No it's not exactly a form of money but it's a digital value exchange medium which we know as cryptocurrency.
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February 18, 2017, 06:44:22 PM
 #98

it's exchangeable for USD, it has value and people who are willing to Pay to get it, which is the exact definition of a currency in my book.
Money isn't necessarily banknotes or gold, Credit Cards, Gift Cards and PayPal already made that clear, BTC is something that has a certain value therefore money.

It's more of a commodity version of a currency. The impressive thing is the fact that it costs a thousand times more than the USD does, and the price goes even higher. It starts to get more popular in business, so we can really consider it's a currency.
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March 06, 2017, 06:13:44 PM
 #99

I agree with the statement..bitcoin is a kind of money bt instead of liquid or paper cash it is in the form of computerized programs(i think so)...apart from this bitcoin cam be used  to buy stuffs..so in a way it does have equal value to money
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March 06, 2017, 06:17:23 PM
 #100

Bitcoin is money in a digital form and can be exchanged to fiat cash money. It can be sustainable source of income that could be use in spending for your needs and wants. More people even use btc for gambling online and they prefer using it rather than fiat currency.
Well, it can be said bitcoin is money on the internet, but most people regard it as a tool for gambling, or tools used for trading. but, it makes bitcoin higher popularity. Well, perhaps not maximized bitcoin used as currency.

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