Is Bitcoin money?

[AleksandrKosov]

At the moment, bitcoin is money in the crypto currency, as long as it is a universal equivalent of the value of only other coins. This is what creates the liquidity of bitcoin on exchanges. When the daily volume of bitcoin in payment for goods and services will be more than on exchanges, then bitcoin will be a full-fledged money.

[Barbarian]

I think Bitcoin is not money but it is digital payment system.But the bitcoins can changes to money.The prices also expensives and valueable eventhough it look like small amount. 1Btc cost 4641 in dollars money.

If bitcoin was just a payment system then we will need a unit to act as a currency, for example, paypal is nothing more than a payment system because they do not use their own currency they use dollars and many other international currencies, bitcoin uses its own units so bitcoin is a lot more than a payment system.

[Botnake]

I think Bitcoin is not money but it is digital payment system.But the bitcoins can changes to money.The prices also expensives and valueable eventhough it look like small amount. 1Btc cost 4641 in dollars money.

If bitcoin was just a payment system then we will need a unit to act as a currency, for example, paypal is nothing more than a payment system because they do not use their own currency they use dollars and many other international currencies, bitcoin uses its own units so bitcoin is a lot more than a payment system.

But the government sees it as a payment system because they believe the only currency are those legal currencies created by them.
If we want to see bitcoin to be regulated then we have to rely on the decision of the government and they would not allow it to be more powerful than their own currency.

[wellsontheja]

Technically it's money because it's had price and trade volume, but rather than money i more likr to call that assets because the price very expensive for money it's more like gold or lead but no physchical form.

[Bessta]

It is now considered as one of financial assets or non physical assets like stocks, bonds, bank deposits, pension fund. Like other financial assets Bitcoin can be turned into cash.

[ankit05]

bitcoin or dollars is not money, but you can exchange bitcoin with the exchanger in your country's money.

[Konco126]

In my opinion, bitcoin is a kind of digital currency that can be from internet. Bitcoin can be popular because, many people today are joining in bitcoin. The large number of people join in bitcoin due to economic factors. Most bitcoin is now used as a new livelihood for making money and meeting needs of everyday life.

[shezu007]

bitcoin or dollars is not money, but you can exchange bitcoin with the exchanger in your country's money.

bitcoin is a digital currency and it can be easily convertible to your desire currency through exchanges and off course its a money. because you can do payment in bitcoin is some places where bitcoin is acceptable.

[Marrionbitcoin]

Bitcoin is a worldwide cryptocurrency and digitalpayment system called the first decentralizeddigital currency, as the system works without a central repository or single administrator. It was invented by an unknown person or group of people under the name Satoshi Nakamotoand released as open-source software in 2009. The system ispeer-to-peer, and transactions take place between users directly, without an intermediary.These transactions are verified by network nodes and recorded in a public distributed ledger called ablockchain. Bitcoin is a new form of money which you can convert your physical cash to virtual cash online which is Bitcoin. Bitcoin can be used for paying bills, fund transfer and investments online. What are you waiting for? Invest now to Bitcoin and be "in" what is in demand right now! 😀

[Ankush2108]

Like people use cash transfer some time ago and now most of the people prefer digital transactions even for shopping or at any other place. According to me like this Bitcoin gonna be the future money and every where we can use Bitcoin. We can do shopping and manage our daily expenses by using bitcoin.

[OracionSeis]

We all know that bitcoin is a crypto currency and we can use it online or digital payment. Perhaps, it is a kind of money i think because of some characteristic of money that bitcoin have. otherwise we can use bitcoin like what money can do in some cases. But if we compare it physically, big description of the two are difference.

Bitcoin is money and nothing can change that but the special thing in bitcoin that the physical money doesn't have is the volatility of the bitcoin because of the volatility the price of bitcoin is keep going up and it is why we should invest a little bit of our money in bitcoin to earn some more money and we should have a great knowledge in financial literacy to balance things.

In present, Bitcoin look like as an asset or stock for trade and investment than paper money as Dollar or other currencies on the world. However, you can not know anything has the price fluctuation strongly as Bitcoin. That is the difference between Bitcoin with others.

[ronnjules]

It's a digital currency

[Wildwest]

Actually Bitcoin is money too but this is in the Internet version. All we know Bitcoin is a virtual currency that can be used on the internet. We can also convert it into real money who can be exchange to your local money. Same with other currencies Bitcoin is also a very profitable place to invest.

[redcable1]

Yes i may say that bitcoin is also a money,
because anything using in midium of exchange and services is money..
Bitcoin is money because we use it every transactions both online and  many other place..
It is a real money but not in a paper form so anything use for the good and servives is a money..

[gkosyak]

bitcoin or dollars is not money, but you can exchange bitcoin with the exchanger in your country's money.

why dollar not money?

[hajar]

What do  you mean by saying that the bitcoin performs the functions of gold?
For me and Im sure that also for big amount of people, gold is a thing that may be very useful in the event of ongoing crisis, or some kind of a territorial conflict.
In some cases, that is a crucial factor for some people when it comes to choosing the asset. You cannot really hope that bitcoin will be useful if there will be a war in your country, because nobody will really accept BTC payment in a big danger.
When gold is always something that many people are willing to pay you a lot for it, there is no problem in converting it into food or needed resources.

[Doell]

bitcoin or dollars is not money, but you can exchange bitcoin with the exchanger in your country's money.

why dollar not money?

I was dizzy to see someone say the dollar is not money in his mind so make the post the dollar is the currency that the world recognizes in every country have receive its legitimacy dollars validated by the world

[Vigme86]

There is a lot of discussion about that but yes I think Bitcoin is more a digital asset than a money.
It will become a money when will get more connection with the "real" world.

[Alexnelepa92]

In simple words Bitcoin is our "future"!!!!!!It's like a child whose growth from small !!!!

[Ziomuro27]

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.

For me it is. Money, a money that helps people to change their life even though someone calls it that Bitcoin is not a money but I for me I considered it as a money .