Obytwenty
Newbie
 Offline
Activity: 47
Merit: 0
|
 |
September 03, 2017, 06:52:03 AM |
|
its same like finicial shares you can buy and sell and that amount increased or not for that process you can get profits
|
|
|
|
|
|
|
|
|
|
|
|
|
|
"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
Lintel
|
|
September 03, 2017, 06:58:35 AM |
|
bitcoin is not a money but it can be converted into a money or cash through your wallet. In my country I can use it to pay bills, like electricity and even buy stuffs online and even I can send money to my family using bitcoins.
|
|
|
|
|
|
R.Hasan
|
|
September 03, 2017, 07:00:08 AM |
|
Bitcoin is intended to be used as money. The extent to which it differs from the various definitions of money is primarily due to its unpopularity and lack of government sanction, which in my opinion should not matter when speaking about it as "money."
A very good read I must say, makes perfect sense |
|
|
|
|
|
Harlot
|
|
September 03, 2017, 07:05:52 AM |
|
2000 years ago there were no money or little money. Peple were using barter, that is you gave some object and receive another object for what you gave. Money have been invented to replace that object with something else. You now give an object and receive money, or these days you give some money and receive other money. Bitcoin does not follow the definition of classic money, little people give an object for bitcoin, instead they give some old type of money, and receive bitcoin. Thus bitcoin follows the second definition, and we could say that it is money.
I guess that there is now a new definition for money and that is money is now considered as a medium of exchange in the majority of the population. And Bitcoin by definition is a currency in which many people in the internet knows what it is. But the bad thing is that we are seeing Bitcoin as a kind of investment because of its growth potential and nothing it wrong with that as it is still accepted as a kind of currency. Also barter or trading until now is still being practiced from shoes to cars everything that they can exchange without adding money is up to them. |
|
|
|
|
|
wilwxk
|
|
September 03, 2017, 04:11:26 PM
Last edit: September 03, 2017, 04:48:50 PM by wilwxk |
|
Bitcoin is not in physical form but bitcoin has all those features as fiat money, we can use it to buy things in online shops, we can use it for payment and for investment in any business, and in the money concept dont matter how many peoples really use this as money.
|
|
|
|
|
|
killerfrost
|
|
September 03, 2017, 04:15:04 PM |
|
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, Bitcoin is a new virtual currency, however it is not a commodity because it is not real. On the other hand, maybe Paypal will not accept Bitcoin but just see it as a competitor because Bitcoin may overtake Paypal in the near future as Bitcoin is more and more popular. |
| SUGAR | | | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | | | | | | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | ███████████████████████████
███████████████████████████
██████ ██████
██████ ▄████▀ ██████
██████▄▄▄███▀ ▄█ ██████
██████████▀ ▄███ ██████
████████▀ ▄█████▄▄▄██████
██████▀ ▄███████▀▀▀██████
██████ ▀▀▀▀▀▀▀▀▀ ██████
██████ ██████
███████████████████████████
███████████████████████████ | .
Backed By
ZetaChain | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | |
██ ██
██ ██
██ ██
██ ██
██ ██
██ ██ | | | |
|
|
|
|
jennywhzz
|
|
September 03, 2017, 04:20:37 PM |
|
Bitcoin is superior to money itself. Because its value continues to grow with limited supply. While in money, value always decreases from year to year. So, if we still want money then bitcoin is the best tool and place.
Bitcoin is both the money and a commodity. Look it can used to sell / buy things online and yet it is the most traded thing with USD as its value is fluctuating all the time. But in future, when there will be no fiat, only then we can say that Bitcoin is purely a money. |
|
|
|
|
|
Sasuke102001
|
|
September 03, 2017, 04:34:30 PM |
|
YA, it can be said that way even some of the big people believe Bitcoin to be the future. I think that anything used for exchange of any commodity or giving something of the same value for a certain commodity I guess can be called as money.
|
|
|
|
|
|
Lannie25
|
|
September 03, 2017, 05:14:58 PM |
|
I think bitcoin is a currency too like gold while it takes longer the price is increasing to if i am i will keep bitcoin for the future
|
|
|
|
|
TrueCryptonaire
Legendary
Offline
Activity: 1092
Merit: 1000
|
|
September 03, 2017, 05:35:18 PM |
|
If you ask me, bitcoin is just an asset in today's world but it can be money in the coming future when everything would be paperless and all of us will be having RFID chips fitted in us for identification and spying on us.
|
|
|
|
|
|
jvdp
|
|
September 03, 2017, 05:41:26 PM |
|
If you ask me, bitcoin is just an asset in today's world but it can be money in the coming future when everything would be paperless and all of us will be having RFID chips fitted in us for identification and spying on us.
Many government wants to implement the cashless society. Some of them accepted bitcoin as their Currency now.It also accept by USA too.If that happen, the bitcoin will reach the maximum value and at last replace the dollar. Then it will replace the entire bank system. |
|
|
|
|
bvg96634
|
|
September 03, 2017, 06:14:12 PM |
|
generally bitcoin is not a legalized so we can't told it has a proper money bitcoin is one kind of asset we need to convert from any another forms of currency. we can't buy all things in the bitcoin currency. so i think it is not compleatly money. in some slight websites only can buy.
|
|
|
|
|
Imam_Dj
Newbie
Offline
Activity: 19
Merit: 0
|
|
September 03, 2017, 06:34:48 PM |
|
Is bitcoin money?
The answer is YES
But bitcoin is money for the Internet. It is a scarce digital commodity used as money by millions around the world. People buy coffee with Bitcoin at local shops. Others get paid in Bitcoin and use it to shop online. Friends use it to settle with whoever paid for dinner. Workers send Bitcoin back home to help family, regardless of where they live.
Since its start in 2009, Bitcoin has provided an alternative to traditional government-issued money. No single government, corporation, or nation controls Bitcoin. There is no need for a Bitcoin bank. People store Bitcoin in software called a wallet, which is available for almost any device.
|
|
|
|
|
|
NoNetwork
|
|
September 04, 2017, 08:23:22 AM |
|
Bitcoin is superior to money itself. Because its value continues to grow with limited supply. While in money, value always decreases from year to year. So, if we still want money then bitcoin is the best tool and place.
How amusing to read, I don't mean to offend you but where are you're proofs of money is decreasing every year and then? I mean there is no such thing. I think you're only describing the Fiat of your country and not all those fiats of other countries. As far as I know, Bitcoin is not that very good as you describe it would be. I mean money/cash/fiat is still good when it come to utilizing it I mean despite to those countries that have already accepted it still not that good. |
|
|
|
|
BitDiscussion
Member
Offline
Activity: 98
Merit: 10
|
|
September 04, 2017, 12:40:10 PM |
|
Bitcoin is not in physical form but bitcoin has all those features as fiat money, we can use it to buy things in online shops, we can use it for payment and for investment in any business, and in the money concept dont matter how many peoples really use this as money.
If we ask a common person, what is the meaning of money for him? Definitely he would be saying the paper money we use to buy things. Even in this sense, bitcoins is money. It is used to buy things and pay for services in several countries. By any definition possible, Bitcoin is a currency. |
|
|
|
|
|
Catswold
|
|
September 04, 2017, 12:43:26 PM |
|
Yes bitcoin is money to me as I can easily sell my bitcoins and get fiat money in exchange and can use it in buying anything and it serves the same purpose as fiat money does so for me bitcoin is a money in digital form which can be converted to physical form for making purchases.
|
|
|
|
|
|
Mr
|
|
September 04, 2017, 12:52:22 PM |
|
Yes bitcoin is money to me as I can easily sell my bitcoins and get fiat money in exchange and can use it in buying anything and it serves the same purpose as fiat money does so for me bitcoin is a money in digital form which can be converted to physical form for making purchases.
to me, bitcoin is even beyond money because it has many things which traditional currency can not have such as the security and the anonimity. Moreover, bitcoin is quite fast for big transaction and there is no limit if you want to send 1000 or 100000 bitcoin in 1 transaction. What make bitcoin even stronger is that you can use bitcoin anonymously without being traced by anyone |
None of the above
|
|
|
|
mobilezz
|
|
September 04, 2017, 01:01:07 PM |
|
Bitcoin is a new kind of money with which you can invest and disintegrate. It differs from ordinary currencies by its anonymity and rapid growth, but it is also money.
|
|
|
|
|
NoNetwork
|
|
September 04, 2017, 01:10:05 PM |
|
Yes bitcoin is money to me as I can easily sell my bitcoins and get fiat money in exchange and can use it in buying anything and it serves the same purpose as fiat money does so for me bitcoin is a money in digital form which can be converted to physical form for making purchases.
Well I could only say that it is not money but instead it is a currency, another form of currency that is digital. It is true that it has the same purpose as of fiat but the difference is also quite large, you see Bitcoin is in digital form and that is also a means of innovation, but the biggest thing about it is that it is decentralized. While in money/fiat it is decentralized and the government are the one controlling it. |
|
|
|
|
|
TheGodFather
|
|
September 04, 2017, 01:16:57 PM |
|
Yes bitcoin is money to me as I can easily sell my bitcoins and get fiat money in exchange and can use it in buying anything and it serves the same purpose as fiat money does so for me bitcoin is a money in digital form which can be converted to physical form for making purchases.
to me, bitcoin is even beyond money because it has many things which traditional currency can not have such as the security and the anonimity. Moreover, bitcoin is quite fast for big transaction and there is no limit if you want to send 1000 or 100000 bitcoin in 1 transaction. What make bitcoin even stronger is that you can use bitcoin anonymously without being traced by anyone yes it is, it is a money for everyone in this world and it is open for all,thats why i like it very much. i earn my daily earnings thru it, it is a currency that can be gain thru internet thats why it is accessible by everyone who wants it, thats why i am really recognizing it as my money and i am very loving it and treated as my money. |
|
|
|
|
|
