Is Bitcoin money?

[akmittal]

Bitcoin is not the money but t is an asset. Bitcoin can not be used as legal tender against  any article. Bitcoin is not spendable in market. But we can buy or sell bitcoin against dollor.

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[mozo]

Bitcoin is a digital asset. Bitcoin is relative it can be a number of things.

[Kasabus]

Bitcoin is not the money but t is an asset. Bitcoin can not be used as legal tender against  any article. Bitcoin is not spendable in market. But we can buy or sell bitcoin against dollor.

We have the right to call it as money especially if we own some.
Bitcoin is accepted anywhere in this world and when it has a value you can consider that as money, why people are investing in bitcoin
if they do not believe it's money, their purpose is to make or grow their money so they risk bitcoin which came from their fiat money.

[Christian_14]

For my opinion bitcoin is a money. It is a cryptocurrency which means it is a virtual money. You cant touch bitcoin
you cannot feel bitcoin you cannot see a bitcoin but it is a money. A money th at cannot be touched. For an easier
explanation, think about a game that has its own currency that you needed to buy stuffs inside a game. Thats like
our case here in bitcoin. You can use your bitcoin to buy stuffs that you want or save it and make an invesment to
company.

[AgentZero23]

Bitcoin is a virtual currency it is different from the bank notes. Bitcoin is money and you can use it for any transaction, investment and source of income.

[camsss]

Yes bitcoin is money. It is an online money. There are countries in which they legalize the use of bitcoin. They are using it on the daily basis. You can pay someone with the use of bitcoin. But there is also a limitation. You can only access it online. So if you do not have internet, then you can do bitcoin.

[Rupok]

Bitcoin is known as a digital currency. It is used only on the Internet. And Bitcoin is exchanged for the service. However, it can be used to convert Bitcoin into a dollar. So, considering this aspect, Bitcoin is the money.

[Asusnumbaone]

Bitcoin is bitcoin and money is money. The bitcoin can be considered as a money but the money will always be a money. Bitcoin has a value and can be converted into a cash. It is more easier and riskier to use. You can mined bitcoin but you can't mined money. Money will always be money while bitcoin keeps on improving.

[cryptoglobal79]

Bitcoin is money for me because it can be transferred in to money, it has value. Countries had been recognizing it as money and some are planning to accept it as payment too.

[Creating N Action]

Yes money is considered as bitcoin. It can negotiate to others by means of investing. It  said that money is bitcoin in a way that you advertise and post in bitcoin. You can easily save and earn more money because of bitcoin. Let for example my personal things, all of these came from bitcoin. Even my family needs, my tuition fee, bills, for transportation and other matters all these things are from bitcoin. Otherwise, it is important to be responsible bitcoiner to avoid mistakes or anything that can harm others or lead in a wrong activities.

[thet]

Bitcoin can be considered as money because it can be converted into cash/fiat to buy whatever you want. It cab be transfer also to pay some bills.

[Tukang Becak]

Yes it is money that could be a good source of income. Some people buy stuffs or services online by using bitcoin with their identity secured. It is a cryptocurrency meaning it is a money that has an anonymous state.

Right now we are easy to earning bitcoin and cryptocurrency, I'm sure someday bitcoin price is very expensive making it more difficult for earning bitcoin. almost all the functions of money can be done with bitcoin, buying online, paying bills, paying hotels, restaurants and so on make that bitcoin equal to money.

[Botnake]

Yes it is money that could be a good source of income. Some people buy stuffs or services online by using bitcoin with their identity secured. It is a cryptocurrency meaning it is a money that has an anonymous state.

Right now we are easy to earning bitcoin and cryptocurrency, I'm sure someday bitcoin price is very expensive making it more difficult for earning bitcoin. almost all the functions of money can be done with bitcoin, buying online, paying bills, paying hotels, restaurants and so on make that bitcoin equal to money.

Soon it will be widely accepted and people will think it's valuable as the real money.
For now since it's not yet mainstream, we should invest at this early stage if we want to benefit in the future, bitcoin gives me a lot of success
in my life and I am willing to hold it even if it will take 10 years for me to enjoy my profit.

[Michaelsch]

I think it is future of money... but now it's not yet

[Obito]

Bitcoin is something radically new. Nothing like Bitcoin has been possible until now. I would go so far as to consider it sui generis; "in its own class".  This makes it important to understand what Bitcoin actually is before we try to describe it to others.

We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money.

My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted]

Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted]

Webster's Online Dictionary defines money as:

• 1. The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us".
• 2. Wealth reckoned in terms of money; "all his money is in real estate".
• 3. The official currency issued by a government or national bank; "he changed his money into francs".
• 4. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
• 5. Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
• 6. In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.

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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.

But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money?

Bitcoin is a simple transactions to many people around this world and that people are getting to make any money out of this, bitcoin.  There was something a good benefit on having a bitcoin and that is having a money in order to answer a financial or basic needs.

[randyg29]

I think bitcoin for me is money because I can use it to pay and buy online while at home and they can deliver for free, than buying at the store far from my house if I can buy it online I can make other job in house, so that's why I can say that is a real money.

[BossMacko]

In my opinion Yes, Bitcoin is money because i can buy things i want using Bitcoin of course i need to exchange it first to cash but that is easy to do as long as you have a virtual debit card like wirex. You can exchange Bitcoin to any currency fast and easy and used that virtual card to shop online.

[toogoodtobetrue]

I think bitcoin is not money. Bitcoin likes gold. Because money can be printed unlimit. Gold and bitcoin have limit

[cheesyspoils]

Of course it is, just virtual money. As we are moving to the future we are gonna be seeing that we will be in a cashless society.

[Spain2000]

yes bitcoin is a digital form of money mostly now a day’s people are doing shopping through the ATM of bitcoin and the online software’s can be purchased through this online currency, many of the property can be purchased through this digital currency