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Author Topic: Is Bitcoin money?  (Read 112096 times)
Tanazir
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December 01, 2017, 12:57:08 PM
 #2401

Bitcoin is a virtual currency It's more common with PayPal than with dollars or gold. I really do not call it until it is widely accepted as payment for products and services.
Dollar currency, not money. Money can be a coin and vice versa, but they are not quite the same thing and are not fully interchangable. And law is disciplined, thier is not the meaning, by very definition. Gold, in our modern world, is still money, though it is not a coin.
RifatAB
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December 01, 2017, 02:55:50 PM
 #2402

Yes bitcoin is one kinds of money.
DoublerHunter
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December 02, 2017, 08:26:59 AM
 #2403

Bitcoin is a virtual currency It's more common with PayPal than with dollars or gold. I really do not call it until it is widely accepted as payment for products and services.
Dollar currency, not money. Money can be a coin and vice versa, but they are not quite the same thing and are not fully interchangable. And law is disciplined, thier is not the meaning, by very definition. Gold, in our modern world, is still money, though it is not a coin.
Bitcoin is like the paypal because it is an option to do payments through the use of the internet but it is not a money because it is now on the side of being an investment because if you will use it as a money then you will be dealing with the expensive fees and almost traffic network of bitcoin because sometimes it takes almost a day before you completely send or received bitcoin.
Matteo.b
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December 02, 2017, 08:56:16 AM
 #2404

Yes bitcoin its a kind of money  but you have to learn bitcoin how to become of money because bitcoin you can convert to currencies
jinksters09
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December 02, 2017, 09:03:01 AM
 #2405

Yeah definitely because it is something that serves as additional income or investment for all of us also it can serve as our mode payment for billings, loads, and etc. Like those companies which are accepting bitcoin as mode of payment. Also many of us considered money because we could exchange it for money and use it anyway we want.

danpaz
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December 02, 2017, 09:05:05 AM
 #2406

Bitcoin is a Money because we use it as a form of payment.
In this digital age it is important that our transaction is more faster and secure online.
snipetr
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December 02, 2017, 09:33:37 AM
 #2407

As money is common medium of exchange, in future bitcoin will also be used as medium of exchange. Also like money bitcoin has its own value in market. Bitcoin is the money for internet, it is a rare digital commodity used as money. So I think bitcoin is decentralised money for all work from anywhere in world.
cybersofts
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December 02, 2017, 09:43:27 AM
 #2408

Bitcoin was invented to be digital currency that is very fast, secure, decentralized, and acceptable worldwide.
It was designed to be acceptable worldwide like gold, but much better because bitcoin has a limited supply which 21 million bitcoins.
Due the fact that demand of bitcoin is higher than the supply, that is why the value of bitcoin keeps getting higher and higher everyday.
winterland
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December 03, 2017, 02:10:29 AM
 #2409

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

Bingo!
Yes bitcoin is money, just wait for the near future the bitcoin is became centralized currency. and its easy to us to used bitcoin just like money.
Bitcoin is not going to become centralized anytime soon, the devs have played their cards very well and they have avoided several traps laid by the miners and their interests to centralize bitcoin, and I have no doubt they are going to keep doing the same thing for the foreseeable future.
hynext
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December 03, 2017, 02:38:06 AM
 #2410

Bitcoin is not a money, it is digital currency. Bitcoin is a digital asset you need to exchange to fiat in paper money or coins to be called money.

Quote
Yes bitcoin is money, just wait for the near future the bitcoin is became centralized currency. and its easy to us to used bitcoin just like money.

Not in my dreams that bitcoin become centalized. One of my favorite to this bitcoin is decentralized.
RaymanC.
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December 04, 2017, 07:26:22 AM
 #2411

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. That's like our case here in bitcoin. You can use your bitcoin to buy stuffs that you want or save it and make an investment tocompany.
Questat
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December 06, 2017, 03:27:14 AM
 #2412

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

Bingo!
Yes bitcoin is money, just wait for the near future the bitcoin is became centralized currency. and its easy to us to used bitcoin just like money.
Bitcoin is not going to become centralized anytime soon, the devs have played their cards very well and they have avoided several traps laid by the miners and their interests to centralize bitcoin, and I have no doubt they are going to keep doing the same thing for the foreseeable future.
Bitcoin is popular because it's decentralized, if it's going to be centralized then it's not bitcoin anymore.
The blockchain is a game changer and we like to see more and more coins who are using the blockchain so bitcoin will become more and more popular.

Derrick
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December 06, 2017, 08:44:05 AM
 #2413

Truly in fact bitcoin is cash some beginner are as yet befuddling about that so I need to clarify them that bitcoin is a money that you can change over to any of your want cash yet you can't utilize it straightforwardly for installment since it isn't acknowledged still as an installment in different spots.
QuestionAuthority
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December 07, 2017, 02:30:57 PM
 #2414

mon·ey
[ˈmənē]

NOUN
a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively:
"I counted the money before putting it in my wallet" ·

synonyms: cash · hard cash · ready money · the means · the wherewithal · funds · capital · finances · (filthy) lucre · coins · change · specie · silver · currency ·

formal
(moneysmonies)
sums of money:
"a statement of all moneys paid into and out of the account"

the assets, property, and resources owned by someone or something; wealth:
"the college is very short of money"

synonyms: wealth · riches · fortune · affluence · assets · liquid assets · resources · means
financial gain:
"the main aim of a commercial organization is to make money"

payment for work; wages:
"she accepted the job at the public school since the money was better"

synonyms: pay · salary · wages · remuneration · emolument
a wealthy person or group:
"her aunt had married money"

Yes, by some definitions bitcoin is money.


cur·ren·cy
[ˈkərənsē]

NOUN
a system of money in general use in a particular country:
"the dollar was a strong currency" ·

synonyms: money · legal tender · cash · banknotes · bills · notes ·

the fact or quality of being generally accepted or in use:
"the term gained currency during the second half of the 20th century"
synonyms: prevalence · circulation · exposure · acceptance ·

No, Bitcoin is not currency by any definition.

Verakath
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December 07, 2017, 03:26:50 PM
 #2415

Hello I have several reasons why I use bitcoine. Firstly it helps me to gamble Super Monopoly Money Slot without the hassle instead when I go to a real casino I can just go to online gambling. The second reason makes my life easier in paying my monthly bills instead of going to the office and the third reason is that I can get extra income. Yes I believe that bitcoin in the future can replace money
Brown_Fish
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December 07, 2017, 03:57:28 PM
 #2416

Bitcoin is a digital money which can be used by everyone everywher. There are  many advantages that can get from Bitcoin. Bitcoin use to send and receive money, I can also buy things using Bitcoins can pay my bills so for me it's a money as after spending it i am getting the things that I want in return so for me both are the same from of money. I want to Bitcoin price grow rapidly.
ringgo96
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December 07, 2017, 03:59:12 PM
 #2417

Truly in fact bitcoin is cash some beginner are as yet befuddling about that so I need to clarify them that bitcoin is a money that you can change over to any of your want cash yet you can't utilize it straightforwardly for installment since it isn't acknowledged still as an installment in different spots.

as far as I know the bitcoin is not the cash, which I know bitcoin is digital money that can be converted into cash.
so the bitcoin can be used in the real world it has to be converted into legitimate cash in our country.

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HighlanderMonk
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December 07, 2017, 04:00:10 PM
 #2418

Technically is not money. In some countries (Russia for example) bitcoin still worth nothing, you can freely still them and you won't be punished.
sudip76
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December 07, 2017, 04:20:20 PM
 #2419

Bitcoin not money but it is digital money. when you want converter it bitcoin to cash. one thing is very good bitcoin price increase every time but cash money price don't increase.
Bacotan Bae
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December 07, 2017, 04:23:51 PM
 #2420

Not money but gems, this is because bitcoin values continue to grow even faster than anyone thinks, now everybody and companies continue to hunt for bitcoin so today's prices and so on will go up significantly.


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