Is Bitcoin money?

[Cofee.BLUE]

Yes..because anything that is used as a medium of exchange is considered as money like golds,silver etc. .But unlike the real money it is just a digital currency or virtual currency.

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[DoublerHunter]

Yes..because anything that is used as a medium of exchange is considered as money like golds,silver etc. .But unlike the real money it is just a digital currency or virtual currency.

Even it is just a virtual currency we can still take an advantage of that feature because it means easy to use and very convenient way to store our money rather than in just banks that has very cheap rates to grow your money. Bitcoin is the next type of money that will dominate the world's market and will be the new kind of payment very soon.

[mrayazgul]

It is money from the moment you can buy anything with them.
           The only problem I see is the volatility it has, Will not leave a massive adoption.

Not entirely true, there are many people that do barter, and buying something through barter does not mean that the services or products you get through other services and products are money, in the show pawn stars that happens sometimes, someone wants to sell something and in exchange instead of taking the money they accept another product.

It seems to me that it's a waste to pay bitcoin to buy something right now. I expect prices to rise several times at all and then there will be many more opportunities.

Yes, if you have others forms of money in fiat and can save the bitcoins now, then save it as bitcoins will be very highly priced soon.
And as for the OP question, Bitcoin is money and nothing else.

[ErikSneijer]

It is money from the moment you can buy anything with them.
           The only problem I see is the volatility it has, Will not leave a massive adoption.

Not entirely true, there are many people that do barter, and buying something through barter does not mean that the services or products you get through other services and products are money, in the show pawn stars that happens sometimes, someone wants to sell something and in exchange instead of taking the money they accept another product.

It seems to me that it's a waste to pay bitcoin to buy something right now. I expect prices to rise several times at all and then there will be many more opportunities.

Yes, if you have others forms of money in fiat and can save the bitcoins now, then save it as bitcoins will be very highly priced soon.
And as for the OP question, Bitcoin is money and nothing else.

Better make sure to diversify. Some funds in crypto;btc,waves and eth, some funds in stock and some funds in savings.

If you are really smart make sure to have funds in gold too in case of a fiat crash.

[TrumpD]

Bitcoin is a commodity and money at the same time. Money is defined as any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. And commodities are marketable items produced to satisfy wants or needs. often the item is fungible.

[warwar]

It is money from the moment you can buy anything with them.
           The only problem I see is the volatility it has, Will not leave a massive adoption.

Not entirely true, there are many people that do barter, and buying something through barter does not mean that the services or products you get through other services and products are money, in the show pawn stars that happens sometimes, someone wants to sell something and in exchange instead of taking the money they accept another product.

It seems to me that it's a waste to pay bitcoin to buy something right now. I expect prices to rise several times at all and then there will be many more opportunities.

Yes, if you have others forms of money in fiat and can save the bitcoins now, then save it as bitcoins will be very highly priced soon.
And as for the OP question, Bitcoin is money and nothing else.

Agree holding bitcoin is really nice strategy for the future instances. On the other side yes it is a money because first it could be used to buy an item wether it is virtual goods or not, next is we can make it a physical money by exchanging it and also buy it in real world and last bitcoin has a value so yes it is really a money

[Oralmat]

Yes it is a digital money.   Because it have it's own price, can be used in a lot of shops, online casinos etc. same as fiat money. So why bitcoin is not money? It is money as we can buy something for it.

Exactly, when we use bitcoin as a money than what is different in bitcoin and money. All over the world now accept bitcoin as a money and we could use it like fiat money, instead of it then people ask Is Bitcoin a Money or Not?
Then it seem like a nonsense, If one thing we use as a money then what is problem to accept it a money. Bitcoin is digital currency and it has no fisical appearance, that's why we are using it online to online. Otherwise no different between Money and Bitcoin.

[kpcian]

From my point of view, bitcoin is not a money in all perspective but in some cases bitcoin as like as money. If all countries allow bitcoin as a payment tools then it would be as like as money,  though some countries are taking consideration to get permission using as a currency. Then there will be no difference between money and bitcoin.😀

[Rajbir1994]

I think yes. Because Bitcoin is used as a similar method of money. And as far as I know it's a great payment method.

[Peashooter]

I do not consider gold to be money.  You can't go and buy most goods and services with gold.  Gold is a commodity, dollars are money.

Dollars are currency, not money.  Money can be a currency and vice versa, but they are not quite the same thing and not entirely interchangable.  And fiat currencies are, by thier very definition, not money.  Gold, in our modern world, is still money even though it's no longer a currency.

We're using different definitions then.  By your definition Bitcoins are not a currency, since I can't use them for most transactions. 

How did you get that out of what I wrote?  I didn't even attempt to define what a currency was, I only stated that fiat currency was not, and it isn't.  Trying to have a conversation with a person who tells me what I mean to say is always a futile endeavor.

What makes gold money?  What property does it have that, say, plutonium, does not?

Off the top of my head, gold is safe for handling.  To be precise, I should say gold is a good money, because it has all of the characteristics of an ideal money to some degree or another...

http://www.marketoracle.co.uk/Article10370.html

"Aristotle on good money

Aristotle (384 BC - 322 BC) was a Greek philosopher, a student of Plato and teacher of Alexander the Great. Aristotle discovered, formulated, and analyzed the problem of commensurability. He wondered how ratios for a fair exchange of heterogeneous things could be set. He searched for a principle that makes it possible to equate what is apparently unequal and non-comparable.

Aristotle says that money, as a common measure of everything, makes things commensurable and makes it possible to equalize them. He states that it is in the form of money, a substance that has a telos (purpose), that individuals have devised a unit that supplies a measure on the basis of which just exchange can take place. Aristotle thus maintains that everything can be expressed in the universal equivalent of money. He explains that money was introduced to satisfy the requirement that all items exchanged must be comparable in some way.

Within such frame work, Aristotle defined the characteristics of a good form of money:

1.) It must be durable. Money must stand the test of time and the elements. It must not fade, corrode, or change through time.

2.) It must be portable. Money hold a high amount of 'worth' relative to its weight and size.

3.) It must be divisible. Money should be relatively easy to separate and re-combine without affecting its fundamental characteristics. An extension of this idea is that the item should be 'fungible'. Dictionary.com describes fungible as:

"(esp. of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind."

4.) It must have intrinsic value. This value of money should be independent of any other object and contained in the money itself.

(snip)

Fiat Currency

Money must be a good store of value by definition.

Fiat paper currencies are popular at times since they are convenient and can be created at will to please the public. However fiat money fails the all important "intrinsic value" test, as its value is solely derived from legal tender laws. The compliance of such law rests on the credibility and strength of the issuing authority. As we know government and political factions can rise and fall faster than pop stars in some cases. It's no surprise that no fiat money has ever survived through time, and they can never be viable money regardless of technological breakthroughs or other human advances."

(end excerpt)

Bitcoin is a currency because it can be, and is intended to be, used as a medium unit of exchange.  Yet it does not require the legal backing of any government; so it is not fiat.  Nor does it, presently, have any attribute that would imply a market value outside of the context of it's intended use as a medium of exchange.  As has been noted in other threads, Bitcoin is most like a LETS for the Internet, but even that analogy has it's faults.

I think bitcoin is money. Bitcoin is electronic and digital money that you can use in different transaction like paying bills and many more. I guess there some store accept bitcoin as payment of their costumer so I agree that bitcoin is a money.

[Jewell]

It is money from the moment you can buy anything with them.
           The only problem I see is the volatility it has, Will not leave a massive adoption.

Not entirely true, there are many people that do barter, and buying something through barter does not mean that the services or products you get through other services and products are money, in the show pawn stars that happens sometimes, someone wants to sell something and in exchange instead of taking the money they accept another product.

It seems to me that it's a waste to pay bitcoin to buy something right now. I expect prices to rise several times at all and then there will be many more opportunities.

Yes, if you have others forms of money in fiat and can save the bitcoins now, then save it as bitcoins will be very highly priced soon.
And as for the OP question, Bitcoin is money and nothing else.

that is a fact that saving bitcoin in current position specially for long long time will be more and more profitable. as we have better examples from the the past that people who saved bitcoin some years before when the price of bitcoin was very cheap they really make good profit. but still we have the chance to make good profit by saving bitcoin for long long time.

[Gumpfire]

Yes i believe that statement that "bitcoin is the new real money" because you can use it to buy things that you ever wanted in online, you can buy your own game too. Bitcoin is a really a money but there are still many people who don't know about bitcoin so the government cannot declare bitcoin as a legal currency, you can only buy things if you convert bitcoin into a real money.

[fujyo86]

Bitcoin more than money. I can earn extra income from bitcoin, and from profits in trading is enough to meet needs of my family. Increasingly popular makes bitcoin prices so fantastic. Maybe this year is bitcoin year

[johnwest]

Yes it is a digital money.   Because it have it's own price, can be used in a lot of shops, online casinos etc. same as fiat money. So why bitcoin is not money? It is money as we can buy something for it.

It was money when it was first released and lots of people used it as money. Now it is more than money. The top altcoins are money now and can be used similarly as fiat. No one spend their BTC, because everyone has heard the million dollar Pizza story.

[Bellator]

Yes it is a digital money.   Because it have it's own price, can be used in a lot of shops, online casinos etc. same as fiat money. So why bitcoin is not money? It is money as we can buy something for it.

the thing why people doesnt treat bitcoin as a money is that , they think that bitcoin is only a digital currency and we can only see that when we go online, the real thing is bitcoin is money , it has a value , we can withdraw it to buy the things that we want, we can provide the family needs , just like the real money does they are both the same.

[cantika]

yes its money because basically, the function is same like a real money. bitcoin is digital money, you're cant see it but you're can use it. you're can buy anything want. they are both the same, the same function for trading.

[traderethereum]

Yes it is a digital money.   Because it have it's own price, can be used in a lot of shops, online casinos etc. same as fiat money. So why bitcoin is not money? It is money as we can buy something for it.

the thing why people doesnt treat bitcoin as a money is that , they think that bitcoin is only a digital currency and we can only see that when we go online, the real thing is bitcoin is money , it has a value , we can withdraw it to buy the things that we want, we can provide the family needs , just like the real money does they are both the same.

for now bitcoin is money for online activity and later if bitcoin is really accepting in many country and more people is using bitcoin, then i am sure that bitcoin will use it in real life to so we can buy something in our real life with bitcoin. bitcoin itself offers many benefits for us especially for traders which can use it to trade with altcoin or fiat and then we can withdraw it into our real money and spend that money to buy something.

[Visin]

Yes, bitcoin is money. Anything with value and anything you can use for buying, selling and exchange is money. it is also similar to gold but it is way more money.

I don’t like to define Bitcoin as money because Bitcoin is not used everywhere in the world. So far only the people that know how to use computers and other electronic items know about bitcoin and use Bitcoin, once Bitcoin is allowed to be much easier to apply to the general public then the term Bitcoin is likely to be placed in the dictionary as “Money”.

I wonder what will happen if Bitcoin gets up to a million dollars per coin, will it be money then?

[bitbob82]

yes its money because basically, the function is same like a real money. bitcoin is digital money, you're cant see it but you're can use it. you're can buy anything want. they are both the same, the same function for trading.

to me bitcoin is created to the name of online currency, and even it is uses in for as online currency, as most of the online shops are now accepting bitcoin as currency. even in some place online shops are also accepting bitcoin  for shopping, but it is depending on the uses of bitcoin and the awareness about bitcoin in different places.

[wxa7115]

It is money from the moment you can buy anything with them.
           The only problem I see is the volatility it has, Will not leave a massive adoption.

Not entirely true, there are many people that do barter, and buying something through barter does not mean that the services or products you get through other services and products are money, in the show pawn stars that happens sometimes, someone wants to sell something and in exchange instead of taking the money they accept another product.

It seems to me that it's a waste to pay bitcoin to buy something right now. I expect prices to rise several times at all and then there will be many more opportunities.

Buying with bitcoin seem like it is not the best idea, especially if we are talking about a big purchase, if you spend a few mBTC then that is not much of a problem but if you need to spend many bitcoins then it is better that we use fiat instead.