|
Faxmate
|
 |
October 17, 2017, 12:40:52 PM |
|
Of course Bitcoin is money. Money is just a ledger that keeps track of debt. Since that's the case Bitcoin is the best form of money we have ever seen thanks partly to the immutable public ledger, the blockchain.
Yes indeed bitcoin is a money because you can buy anything without money and through bitcoin you can buy things for your daily expanse or you can pay bills so it’s must be clear to everyone about bitcoin that bitcoin is a digital currency and it’s going to change a life of people and bitcoin price is also high then other currency which is a good quality of this currency. |
|
|
|
|
|
|
|
|
|
|
|
|
|
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
Baumas
Newbie
 Offline
Activity: 1
Merit: 0
|
|
October 17, 2017, 12:51:39 PM |
|
Technically yes. For me BTC is currently an investment or money depot with nice interest rate, but it have a good chance to be common money in future. I think the future depends on many things like the trust of the people in banks, wars, inflation, how goverments and banks react to the change what is going on,... IMHO i think BTC is a good investment now, because people don´t have the same amount of trust in banks like years ago and want to save some money elsewhere, BTC getting more popular every day, ..., time will tell  |
|
|
|
|
Gunpaycity
Member
Offline
Activity: 294
Merit: 10
|
|
October 18, 2017, 12:17:20 AM |
|
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
right, bitcoin could be money if used as a tool to buy something or as a medium of exchange and if stored and collected it will be an investment such as gold or stock |
◆ Taking Cryptocurrency Exchange to a New Height ◆ |
|
|
magz
Full Member
Offline
Activity: 268
Merit: 100
World's First Chain Balancing Token (CBT)
|
|
October 18, 2017, 12:26:30 AM |
|
I've known Bitcoin first in Deep Web. Wherein people use it as a payment for buying illegal things. Now we trade Bitcoin together with other cryptocurrencies. And for me, I cannot consider it as money since its price is volatile. When we want to buy things, we still convert it in cash. So it is a commodity like Gold because we speculate the price.
|
|
|
|
medha2009
Newbie
Offline
Activity: 39
Merit: 0
|
|
October 18, 2017, 12:39:35 AM |
|
I think Bitcoin works as a money because many people in the world use Bitcoin as the currency of their own country. Anything used as an exchange medium is money. Bitcoin, gold like gold So, I used to use Bitcoin as money.
|
|
|
|
|
sergeyo9
Newbie
Offline
Activity: 20
Merit: 0
|
|
October 18, 2017, 02:12:06 AM |
|
Bitcoin is undoubtedly income. You can use it to acquire and promote products which definitely classifies it as funds. Also, it is worth a lot of USD.
|
|
|
|
|
|
BigTeeths
|
|
October 18, 2017, 03:19:00 AM |
|
Yes and that's why is called cryptocurrency. It offers more cash than what you get in dollars. No doubt that is at the top of all the currencies in the world right now and it just replace US dollars. To me, it's so precious that Ican treat btc more than just a money.
|
|
|
|
|
|
elbimbo012
|
|
October 18, 2017, 03:35:56 AM |
|
Yes and that's why is called cryptocurrency. It offers more cash than what you get in dollars. No doubt that is at the top of all the currencies in the world right now and it just replace US dollars. To me, it's so precious that Ican treat btc more than just a money.
Bitcoin is also a money. It is known as virtual currency which anytime if you want to exchange for physical money can be acceptable since it is traded online and has bunch value of dollars  |
|
|
|
|
Sanitough
|
|
October 18, 2017, 03:50:52 AM |
|
Yes and that's why is called cryptocurrency. It offers more cash than what you get in dollars. No doubt that is at the top of all the currencies in the world right now and it just replace US dollars. To me, it's so precious that Ican treat btc more than just a money.
It's the best crypto currency but it won't replace dollar, they are not in competition because we need fiat to own bitcoin and we need to convert bitcoin to fiat to spend our money in this world. Let's be more realistic here, bitcoin looks good but it has a limitation. |
|
|
|
|
ChaosCauser
Newbie
Offline
Activity: 34
Merit: 0
|
|
October 18, 2017, 03:57:08 AM |
|
Yes Bitcoin is money, virtual money. More and more businesses are accepting it too  |
|
|
|
|
chichigirl
Sr. Member
Offline
Activity: 588
Merit: 251
HELENA
|
|
October 18, 2017, 04:49:11 AM |
|
Bitcoin is a digital currency that we can convert into real money or cash that we can use to buy foods, payment of monthly bills and so on. It can also be used in a direct transaction provided that the users or both parties agreed to accept BTC as a mode of payment.
|
|
|
|
|
shawn995
|
|
October 18, 2017, 04:53:31 AM |
|
there are large number of currencies in the world and all that currencies are money. just like that bitcoin is also a crypto currency and you can use it for every work because you can convert it to your desire currency and then you can buy everything which you want.
|
|
|
|
|
|
Distinctin
|
|
October 18, 2017, 06:24:52 AM |
|
there are large number of currencies in the world and all that currencies are money. just like that bitcoin is also a crypto currency and you can use it for every work because you can convert it to your desire currency and then you can buy everything which you want.
Bitcoin has a value so sure it's money, I would work hard to earn bitcoin than cash because I believe it has more value that the cash we will received. With the limited supply and not controlled by the government I can expect more progress and will also reflect in the price, I will just consider this as my investment. |
| | .
.Duelbits. | │ | ..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE | │ | DUELBITS
FANTASY
SPORTS | ████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀ | .
▬▬
VS
▬▬ | ████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀ | /// PLAY FOR FREE ///
WIN FOR REAL | │ | ..PLAY NOW.. | |
|
|
|
Python2.5
Newbie
Offline
Activity: 56
Merit: 0
|
|
October 18, 2017, 06:32:26 AM |
|
Nowadays bitcoin is money because not only can we change it in cash but we can even buy physical products from some sites.
|
|
|
|
|
|
helars2008
|
|
October 18, 2017, 06:34:15 AM |
|
I wont condider bitcoin as money yet.
For me it is still a comodity...
One of the best reason why i wont call it as money yet is because we cannot use it for our daily lives on this stage. You cannot rely purely on bitcoin to be spent in every transaction you do. Especially not all countries have a wide range of uses for bitcoin yet.
|
|
|
|
nicolesalv
Jr. Member
Offline
Activity: 252
Merit: 4
Ethereum Limited Edition ICO
|
|
October 18, 2017, 07:05:37 AM |
|
+1 agree that it is not money. However, if it was a pure commodity then it would necessarily require some (even minimal) use value, beyond an exchange value. Right now bitcoins have a 0% use-value and a 100% exchange value (eg, if they could not be exchanged for something else, they would merely be taking up space on our harddrives and are inherently useless, like random chunks of data).
I agree too that bitcoin is like money. it is a token or a coin but it can be converted to money so I agree it is a sort of money. we can earn money from joining bitcoin which we can use in our daily expenses as well as we can use in paying our bills. this is how good bitcoin is in our life. source of income. |
[ JOIN OUR CROWDSALE │ PRESALE ]
( E T H L ) ETHEREUM LIMITED
|
|
|
kutongcoin
Member
Offline
Activity: 76
Merit: 10
|
|
October 18, 2017, 07:11:41 AM |
|
Bitcoin would qualify as a money or currency,it is medium of exchange and a unit of account.It can be used to purchase goods or services,used to pay for individual living expenses.The only limitation of bitcoin is that is limited to those places that accept it as currency.
|
|
|
|
|
sammiko
Newbie
Offline
Activity: 23
Merit: 0
|
|
October 18, 2017, 07:22:31 AM |
|
I think we have our own opinions and explanations about this topic, and we must respect such opinion and explanation. I think I will just describe bitcoin as I use it, so for me, bitcoin is not a money, it is an asset I use to earn fiat money. I earn bitcoin from signature campaign and bounties. I cant really buy things with bitcoin because here in our country, bitcoin is not a that popular and not accepted mostly by stores.
|
|
|
|
|
|
Freyya08
|
|
October 18, 2017, 08:30:08 AM |
|
Yes, I consider bitcoin as money. Its a digital money. I can buy and pay my bills through bitcoin so it also like im using money. I can convert my bitcoin to cash for my daily expenses. I can get to buy and go wherever i want through bitcoin.
|
|
|
|
Ghie1127
Newbie
Offline
Activity: 14
Merit: 0
|
|
October 18, 2017, 08:58:33 AM |
|
yes, bitcoin is money that will use to buy your needs in everyday like clothes, food, etc.
|
|
|
|
|
|
