Is Bitcoin money?

[Nicol3]

Bitcoin for some has been treated as money it's because they could convert it to their country's currency and withdraw them and use them for payments and etc. So that is one of the reason why everyone or let's say mostly everyone would consider it as real money. For me it is an easy source of money or income and would still consider it as money.

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[ss890]

Yes it is the one with great values. Every one enjoys the value of bitcoin in their own local currency and I believe it is almost the local currency only after converting to fiat currency. 

[doomistake]

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

I can consider bitcoin as a money because I can use it to buy some things like a regular money. It's a digital cash more likely convenient for anyone to use to buy things online. But it can also be use as a regular money because it can be cash out and one will receive a regular money that is equivalent to one country's currency.

Thouh it hasn't been recognised as the universal currency around the world, it has been serving as a universal currency by the people all around just because of the conversion accessibility availability to any of the fiat currency of any country with uniformity in price varying with the exchange margins.

Precisely, even though bitcoin is not that like what we are thinking, it is still a good source of income and a good way to be financially stable. Many people are asking when will be bitcoin going to be the world's currency, the answer is we still don't know since not all of the Government are thinking the same way on bitcoin, what we must do first is to fully convince the government to accept bitcoin.

However it is not that easy to do because we still have a lot to do to prove that bitcoin is worth to invest their money or the money of the citizens for the progress of their own country.

[denny27]

Was proven Bitcoin is a currency, a currency is like Rupiah or Dollar, but only available in the digital world. The concept may be like eGold, though it is actually much different. And it is obvious that people are increasingly crowded in bitcoin world to be able to make money from the bitcoin earnings they are looking for and they get. Increasingly widespread and growing bitcoin has proven to be widely used by many peoples and has already profitable for its users for to cashing out.

[btcdevil]

for me Bitcoin is a money online and offline also, as when converted to fiat currency you can earn nicely, until bitcoin is not used like fiat currency in daily life it will be known as digital online currency.

[opticalcarrier]

Yes! it is a  money, but it is not a paper currency , it is a digital currency. coming future everthing will do transactions by digital only. In digital currency Bitcoins are number one poistion.

[Ewinsane]

Yes! it is a  money, but it is not a paper currency , it is a digital currency. coming future everthing will do transactions by digital only. In digital currency Bitcoins are number one poistion.

Yes, bitcoin is a kind of money in fact it's more valuable than money but it is a kind of money not really money it is a kind of savage in this people save their income in the shape of Bitcoins so we can say that it is an income and as it price  are going to its so it for future storage and there is a lot of people saved their money in huge amount in bitcoin because they believe in bitcoin that price will be more rise and their money will be double value in the future.

[mihohil]

in many countries it's really money, you can buy even real estate for it. in some countries you can transfer bitcoin to coffee-seller for cup of coffee, so soon it will be so popular like US dollar.

[wonderloops]

 Bitcoin is an innovative payment network and a new kind of money. But is it money? Some call it a new form of virtual currency. Others have lauded it as a new type of payment system. If it is “money” or “currency,” then existing laws and regulations may apply to businesses and consumers who issue, sell, or transact with Bitcoin. From banking laws to anti-money-laundering laws and tax regulations.

[WallSinger]

Sure, you can buy many things with bitcoin, so bitcoin is a money

[alexiusred]

Bitcoin is the best digital currency for several years and maybe in the future it will have a good perspective.

[megynacuna]

Sure, you can buy many things with bitcoin, so bitcoin is a money

Exactly, it is money without physicality and that's the main difference between it and fiat . They are the same in terms of usage and Bitcoin is even more better than the fiats when it comes to double spending and security. It can also becsent globally without restrictions at a very low fees compared to fiat wire transfers.

[bs.glory]

BTC is indeed a digital form of money, wherein it is the most improvised way of storage nowadays and will become in the near future. Maybe for the next decade/s a lot of people are using bitcoin not only as a stored value but for a medium of transaction through one click on our personal phones.

[coinenthu]

its a technology. you can do whatever you want

[NoNetwork]

BTC is indeed a digital form of money, wherein it is the most improvised way of storage nowadays and will become in the near future. Maybe for the next decade/s a lot of people are using bitcoin not only as a stored value but for a medium of transaction through one click on our personal phones.

Well it is already happening in few countries that have accepted Bitcoin as their currency. Even the shops there are accepting Bitcoin as payment for the service or for an item that was bought.

It will soon be a medium of transaction whether it is small or large amounts.

[ghost07]

I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.

+1 agreed.  It's a commodity, a digital store of value.

+1 agreed. its not a money but we can exchange it as a real money. and Even the shops there are accepting Bitcoin as payment for the service or for an item that was bought.

[Bowly88]

I believe that the statement: "bitcoin is new kind of money" passes the duck test.

Bitcoins function as money (they're a unit of account, a medium of exchange, and a store of value), and if PayPal started allowing Bitcoin transactions tomorrow I'm certain they'd treat them as Just Another Currency.

If you like, call it a commodity, but I think all you'll accomplish is confusing potential users who might think they'll end up getting pork-bellies delivered to their porch if they don't get rid of their bitcoins.

Yes for me too it is the new form of money, not just bitcoins but the other altcoins because they can be exchange into a real money. And anything that can used to buy is helpful and we can considered it money. Just like gold, bitcoin is like the future gold. I know in the future bitcoin will be our official currency and not just bitcoins but all of the crypto currencies.

[thend1949]

I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.

+1 agreed.  It's a commodity, a digital store of value.

+1 agreed. its not a money but we can exchange it as a real money. and Even the shops there are accepting Bitcoin as payment for the service or for an item that was bought.

That statement you are making is not agreeable for me,  how could you say it's not money while you defined it to be exchanged to real money? To what proof are you seeking of with bitcoin currency, and you're telling that bitcoin ia not a real money. I wanted to make it clearer for others who will read this thread here, that having an involvement with a currency specially when this particular bitcoin exchanges to be used for payments online and businesses of digital currency trading; can be the same as paper money. Therefore bitcoin is not fake and really a money in a digital form stored in our wallets can be online or offline, with an encrypted passwords.

[Shady]

Bitcoin is fully able to spur transactions, like all coin... This mega amount links to the cryptocurrency economy no matter the exchange rate.

It's full capacity seems to eradicate the fear because of how it keeps increasing by staggering amounts. The real passion comes from early creativity and no currency has been able to make people millionaires over short years unlike BTC... So that gives this currency feel just like superpower countries in comparison, that in turn could be real money.

The unique qualities surpass each upbringing and more than one alt-coin included will be classified as money as well because of standard rate.

[anhhung409]

I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.

+1 agreed.  It's a commodity, a digital store of value.

I think it is both money and a method of online transactions as well as fast, compact and extremely secure. Besides, it can also be a measure of value so that we can weigh things or other currencies.