Is Bitcoin money?

[ramini]

Bitcoin is something depending on how and what you use it for. If you use bitcoin to buy or in exchange of product or any items, then it is considered money, a virtual money. Just like fiat, it has currency, bitcoin is a crypto currency and it has value just like money and national currencies do.

: According to Merriam' s dicrionary," money is  something generally accepted as a medium of exchange, a measure of value, or a means of payment", therefore of bitcoin is generally accepted as medium of payment, then it is money. But a digital kind of money. Bitcoin is the standard of crypto currency used to buy other altcoins. Money is just a term. Bitcoin is more than jus a money.

[Ethernel]

It represents the value of products. You can do anything with it what you can do with your national currency. Some companies even have this option to take your salary in BTC. If you work for money, BTC is money too.

[jacmarry]

Directly I can not say that bitcoin is money. I can say that bitcoin is a digital currency account or a digital coinbase system. We can trancscection by bitcoin. Now many company receive bitcoin as money. Moreover we can change bitcoin as money.

[Rascar Capac]

Of course bitcoin is money since you can buy something directly with bitcoin, and the best thing is that we can have total control on our funds and we have our own bank in the form of bitcoin wallet which is accessible to us 24/7 and our money keeps on growing even if we simply hold it for a long term. but at the end it's not actual money, it's more something you invest in which can make you earn real money.
 

[Golubhargava]

Of course bitcoin is money since you can buy something directly with bitcoin, and the best thing is that we can have total control on our funds and we have our own bank in the form of bitcoin wallet which is accessible to us 24/7 and our money keeps on growing even if we simply hold it for a long term. but at the end it's not actual money, it's more something you invest in which can make you earn real money.
 

Afcourse Bitcoin is a money since you can directly buy with Bitcoin and the best thing is we have all controln on our funds

[twicezeroiszero]

Bitcoin is something depending on how and what you use it for. If you use bitcoin to buy or in exchange of product or any items, then it is considered money, a virtual money. Just like fiat, it has currency, bitcoin is a crypto currency and it has value just like money and national currencies do.

: According to Merriam' s dicrionary," money is  something generally accepted as a medium of exchange, a measure of value, or a means of payment", therefore of bitcoin is generally accepted as medium of payment, then it is money. But a digital kind of money. Bitcoin is the standard of crypto currency used to buy other altcoins. Money is just a term. Bitcoin is more than jus a money.

Everything can has value if the people want to set it a fixed value or always fluctuation in the price as Bitcoin.
At begin, nothing has value, but by the demand, the human created value for everything and use money to calculation that value.

[RaphB]

Bitcoin is money just as much as gold is. It's similar to precious metals. If there was no market for them they would be worth nothing but there's a huge market for cryptocurrencies AND precious metals. In my opinion bitcoin will do nothing but rise in price over time and is very precious "money" to hold indeed.

[Da Cambodia]

Yes it is, bitcoin is what you called digital currency and can be changed into currency of one Nation.

[DassKass]

Whether Bitcoin is a money or not depends upon the jurisdiction we are talking about. In Japan it is money because it has been given recognition as a legal tender or as a legitimate medium of exchange. In India it is not money because in India one cannot use it as a medium of exchange for goods and services. But it is being increasingly used as an investment option in various jurisdictions even where it is not being recognised as money.

[Kumbopulus]

For bitcoin to truly become money, it needs to scale as soon as possible. We need a cryptocurrency to fulfill the fast and cheap tx niche.

[colvis]

Short Answer: Yes!
Bitcoin is money for the Internet. It is a scarce digital commodity used as money by millions around the world. People buy coffee with Bitcoin at local shops. Others get paid in Bitcoin and use it to shop online. Friends use it to settle with whoever paid for dinner. Workers send Bitcoin back home to help family, regardless of where they live.

Since its start in 2009, Bitcoin has provided an alternative to traditional government-issued money. No single government, corporation, or nation controls Bitcoin. There is no need for a Bitcoin bank. People store Bitcoin in software called a wallet, which is available for almost any device.

Get started with Bitcoin today.

Long Answer: Bitcoin is More than Money
Bitcoin is more than a system to store and transfer value from one person to another. Bitcoin is a protocol, a computer network, and much more. Read the Getting Started guide first, then head over to the FAQ to learn more about Bitcoin.

[plaintiff77]

Bitcoin is also a money but unlike fiat bitcoin is a cryptocurrency or an internet money.Bitcoin will need the internet in order for you to do your transactions.Also bitcoin has a huge value comapare to fiat and bitcoin in a good investment compare to bank.

[ross09]

Make a contract. Enforce it in a court.

This is the essence of our discussion: How can we guarantee payment?

The old way: Trade for something of value (silver, gold).

The crooked way: Use government chits, and the government will enforce the payment (U.S. dollar).

The Bitcoin way: Accounts are accurate, honest, and convenient (based on Math).

No one can phoney the books--the system Just Works. It's more voluntary than the other systems, yet has none of their drawbacks.

Note that Bitcoin is just a system of accounting, and could be used for purposes other than trade. To call it money, or cash, or "worth" something is to complicate it needlessly. If someone wants to trade bitcoins for Pesos, or for Yak fur, or just hold on to them, that is their free choice.

All trades are ENTIRELY SEPARATE FROM THE BITCOIN SYSTEM.

Keep it simple, people! There is no reason to put Bitcoin into the commercial arena, with the accompanying legal meathooks. There is no reason to call Bitcoin money, or cash, or to say Bitcoins are "worth" X number of dollars, because they're clearly not; Bitcoin is just a P2P, distributed accounting system. Nothing more.

Why ask for trouble, and invite the crooked Enforcers in where they don't belong? Bitcoin is NOT money, so don't call it that!

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Full disclosure: I am also fresno. I created the fresno persona to handle my political activities while I ran the Silverman site. Now that I am no longer exchanging Bitcoins as a business, "fresno" is no longer active.

Yes technically it is a MONEY...Bitcoin is money for the Internet. It is a scarce digital commodity used as money by millions around the world. People buy coffee with Bitcoin at local shops. Others get paid in Bitcoin and use it to shop online. Friends use it to settle with whoever paid for dinner. Workers send Bitcoin back home to help family, regardless of where they live. ...Since its start in 2009, Bitcoin has provided an alternative to traditional government-issued money. No single government, corporation, or nation controls Bitcoin. There is no need for a Bitcoin bank. People store Bitcoin in software called a wallet, which is available for almost any device.

[claydeey]

It is a cryptocurrency money, It has all the fundamental functions a fiat money had meaning it could be used as a mode of exchange, payment for services and most of all Bitcoin can be used for trading.

[santieevanz]

Obviously, bitcoin is money because it is known as a digital currency in the crypto world and it is used for transactions worldwide. Bitcoin has the functions of a fiat money which means that it is consider as a medium of exchange. As the matter of fact, it will bring you a lot of money in the future because bitcoin is proven for having a huge amount of value as the time flies.

[sasinghal]

Bitcoin is a digital currency and you at few places you can buy anything in exchange of bitcoin. And it also acts as an asset because its value fluctuates.

[SanjeewaCrypto]

People can have different opinions but a bit coin can be everything, sometimes a currency, sometimes a commodity but at the end of the day it will be something more than any other thing.

[ShetKid]

I think it's "money"... I mean, I've cashed out a lot from bitcoin and had the physical cash in the end, so yeah for me I guess it is considered real money.

[RKSummer]

Yes i consider bitcoin the new money because we can now buy things using bitcoin just like a real money. Bitcoin has been a big help to people who have been using bitcoin. Maybe bitcoin can be the future money.

I also consider that bitcoin is money because like money, bitcoin is using for transaction. Bitcoin can be used for their daily expenses. Bitcoin is a form of money that can be used in online. As long as bitcoin has a value and can be used in any transaction, you can called it as a money.

For most of us bitcoin is money. It is a digital money. It can be converted into a real money. It is used as medium of exchange so it is money. Every profit from every transaction in bitcoin  is money. But the main use of bitcoin is it is a decentralized payment system.

[Cryptolord55]

Yeah bitcoin is money, we can convert it to a real money. He is the # 1 cryptocurrency that can make transaction worldwide.