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Danglen1010
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December 07, 2017, 04:24:08 PM |
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yes bitcoin is money..just like if ur going to other country u need to change ur money for other country money.
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Abhinav Anirudhan
Newbie
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Activity: 27
Merit: 0
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December 07, 2017, 04:52:09 PM |
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Bitcoin is a digital online earning system where money can be earned in wallet.
Bitcoins can also be traded and selled to increase our financial profits. Bitcoins blockchain systems are also used by some multinational companies to yeild profit and for trading and exchanging currencies with other country.
Many people think that bitcoin transaction and trading is not safe because of ethical Hackers,but Cryptographic system prevnents it from hacking transactions .
Bitcoins are earned in Decimals. Bitcoin can also be used as a payment system after the bitcoins are transferred to wallets.
Bitcoins are good source of earning for teenagers and college students by earning bitcoins by doing surveys and advertisements which helps in yeild profits. when they become the bitcoin holder after covering a span of time they will gain enough knowledge and would also know what bitcoin money actually is?.
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Abhinav Anirudhan
Newbie
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Activity: 27
Merit: 0
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December 07, 2017, 04:55:50 PM |
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Bitcoin is a digital online earning system where money can be earned in wallet.
Bitcoins can also be traded and selled to increase our financial profits. Bitcoins blockchain systems are also used by some multinational companies to yeild profit and for trading and exchanging currencies with other country.
Many people think that bitcoin transaction and trading is not safe because of ethical Hackers,but Cryptographic system prevnents it from hacking transactions .
Bitcoins are earned in Decimals. Bitcoin can also be used as a payment system after the bitcoins are transferred to wallets.
Bitcoins are good source of earning for teenagers and college students by earning bitcoins by doing surveys and advertisements which helps in yeild profits. when they become the bitcoin holder after covering a span of time they will gain enough knowledge and would also know what bitcoin money actually is?.
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Md Faysal
Member
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Activity: 154
Merit: 11
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December 07, 2017, 05:05:44 PM |
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Bitcoin is just about as much a money as gold is.some people don't think gold is money and it might be quite difficult to convince them that BTC is.I think that gold has really very few intrinsic value. Bitcoin is new kind of money. I think my bitcoin are interesting and fun. Bitcoin,like, gold, is money.
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taiwww
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December 07, 2017, 05:07:58 PM |
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Yes bitcoin is money. It has all the functions money has. We can buy with it, we can exchange it with other currencies, and we can transfer it to another person. Even though it is not popular as money. To use bitcoin as money needs some infrastructure. That is why it is more popular as a tool or instrument of investment. As an asset it is giving more returns than any other investment. So people prefer its use as asset rather than money/currency.
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CryptoProcent
Member
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Activity: 291
Merit: 12
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December 07, 2017, 05:24:02 PM |
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It works like money even if it's not what we mean by money: banknotes, coins. For me this aspect is not very important. It's important to understand how it works and of course, to have more.
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hangar18
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December 08, 2017, 05:09:43 PM |
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Yes bitcoin is money. It has all the functions money has. We can buy with it, we can exchange it with other currencies, and we can transfer it to another person. Even though it is not popular as money. To use bitcoin as money needs some infrastructure. That is why it is more popular as a tool or instrument of investment. As an asset it is giving more returns than any other investment. So people prefer its use as asset rather than money/currency.
First of all, Bitcoin was called a currency, but by the Bitcoin user tried to use it for trading, it has became an asset and useful for the market. Use Bitcoin as FIAT just make us waste more Bitcoin amounts for the transaction fees. |
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DisusYuriko
Newbie
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Activity: 7
Merit: 0
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December 08, 2017, 05:25:06 PM |
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For me, it is money. We have different reasons why we think that bitcoin is money or is not. In my opinion, once you have a bitcoin or your holding a bitcoin in which you earn in different ways, you'll realize that it is money because you can exchange it in your countries currency in order for you to buy the things you need. Bitcoin is a digital currency so i think that we should just stick to how it is called and let the value of it make people see that it is a money.
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soy
Legendary
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Activity: 1428
Merit: 1013
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December 08, 2017, 05:27:02 PM |
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In the beginning it was a currency intended to be used as a currency. But today it has become a product of speculation, a reserve of value. Who wants to buy something in bitcoin, whereas a week later, it was worth twice as much with the rise of bitcoin... For the use of cryptos as currency, we will have to turn to the rest of the market.
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MrHertz
Member
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Activity: 208
Merit: 12
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December 08, 2017, 05:40:24 PM |
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Lawly in states it is not actually money. Bitcoin is usually defined as goods. But money is need to trade it for any other goods. If you could trade goods for goods, it could be called money, i think.
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RockBar0
Member
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Activity: 350
Merit: 10
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December 08, 2017, 05:42:15 PM |
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in my country. Bitcoin is not accepted. The state does not recognize bitcoin as a commodity. and not worth to exchange
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McKane
Sr. Member
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Activity: 350
Merit: 250
IF PROBLEM WITH MY TRUST THEN BRING AN ESCROW.
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December 08, 2017, 05:49:23 PM |
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This is something logically if you consider bitcoin as money then it is money if you consider bitcoin as a best place of investment then bitcoin is your capital.
Capital: The thing you own and get profit from it.
Money: The asset which is using for exchange service and goods.
But bitcoin is now a days digital money. Because as the thing goes advance like that money goes advance and converted into bitcoin.
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IBMINER DONE A GOOD JOB. I learned a lesson from him. He gave me negative trust just because i was dealing with account seller. To buy an account.
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songwdzw
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December 08, 2017, 05:54:22 PM |
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To be honest , it is not money. But like others said, it is more likely as gold in cryptocurrency. It has the value of itself, but not like money. There are many people who bought bitcoin is just for making money, and just a few people who really believe the bitcoin will become the international currency in future.
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irsada
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December 08, 2017, 06:02:49 PM |
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in my country. Bitcoin is not accepted. The state does not recognize bitcoin as a commodity. and not worth to exchange
In what country do you live? do you have bitcoin to exchange? because many markets to exchange bitcoin. |
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alexandrofff
Jr. Member
Offline
Activity: 126
Merit: 1
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December 08, 2017, 11:57:19 PM |
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Yes. At the time of its invention in 2009, Bitcoin was the greatest form of money the world had ever seen.
Since that time, many other brands have emerged, some with minor improvements. But they all share the same basic properties of the original. So now we can just say that “cryptocurrency” is the best form of money, and this includes Bitcoin. BTC
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ngerok
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December 09, 2017, 12:12:38 AM |
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in my country. Bitcoin is not accepted. The state does not recognize bitcoin as a commodity. and not worth to exchange
if your country does not accept Bitcoin you can sell Bitcoin to USD currency and after that, you can exchange USD to your country currency. this is fun |
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Janation
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December 09, 2017, 01:04:50 AM |
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in my country. Bitcoin is not accepted. The state does not recognize bitcoin as a commodity. and not worth to exchange
I think you are exaggerating things, maybe you are saying that bitcoin is not that popular in your country and they do not know what bitcoin is making them not to accept bitcoin. In my country, bitcoin is not accepted well because it is not that used by a lot of people but the government know of it. Also, commodity is a raw material, bitcoin is a digital currency so we cannot say that bitcoin is a commodity but for me it is an asset. Bitcoin now is so expensive it is so hard to wait for it to dump because it might still pump. I don't think it is not worthy to be exchanged since it is so expensive and if keep in holding them, you might have a good profit. |
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Rascar Capac
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December 09, 2017, 01:06:12 AM |
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I think Bitcoin is no money in tangible form, but the function and use bitcoin same as real money,even with bitcoin we can make a good deal for payments such as paying bills and electricity bills, etc. as well as grocery shopping our day, but it all depends on a country where we are because we know there are some countries that prohibit about the existence of bitcoin, other than that bitcoin is able to create a good business opportunity in trading or investing.
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Creepings
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December 09, 2017, 01:28:02 AM |
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Yes. At the time of its invention in 2009, Bitcoin was the greatest form of money the world had ever seen.
Since that time, many other brands have emerged, some with minor improvements. But they all share the same basic properties of the original. So now we can just say that “cryptocurrency” is the best form of money, and this includes Bitcoin. BTC
The problem here is that bitcoin is not widely accepted and it has a lot of flaws in it. Imagine a lot of people, let's say most of the people are using bitcoin and they are sending and using bitcoin every single day, there will be a price pump, not only that but also congestion. Bitcoin is just a digital currency that can be an alternative to fiats, the governments cannot control digital currencies so I think that will be a problem to the country. |
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normanderecho
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December 09, 2017, 01:45:01 AM |
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Yes. At the time of its invention in 2009, Bitcoin was the greatest form of money the world had ever seen.
Since that time, many other brands have emerged, some with minor improvements. But they all share the same basic properties of the original. So now we can just say that “cryptocurrency” is the best form of money, and this includes Bitcoin. BTC
The problem here is that bitcoin is not widely accepted and it has a lot of flaws in it. Imagine a lot of people, let's say most of the people are using bitcoin and they are sending and using bitcoin every single day, there will be a price pump, not only that but also congestion. Bitcoin is just a digital currency that can be an alternative to fiats, the governments cannot control digital currencies so I think that will be a problem to the country. For me bitcoin is not a money bitcoin is new currancy and bitcoin is you canot buy in stores only use that in online or merchandise so that i canot say bitcoin is money ,only money can use for neededs. But if you sell that bitcoin become money you can use your bitcoin in another purchasing. |
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