Isn't bitcoin Money? Aren't there only 2 ways to earn bitcoin?

[kvlolo]

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money? 

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it? 

In a word, there are only two ways to make money/bitcoin, legal and illegal.

I do love this saying, "In a word, Bitcoin is MONEY".

[kvlolo]

I have one more concern too:

Can bitcoin really protect our wealth?  Will there be one day that bitcoin is as trusted (or even more) as gold?

[Xester]

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money? 

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it? 

In a word, there are only two ways to make money/bitcoin, legal and illegal.

I do love this saying, "In a word, Bitcoin is MONEY".

Bitcoin is a currency but it is not money. In order for bitcoin to be considered money the state must recognized it as a legal tender but until now there are no declaration of bitcoin as a legal tender or an official medium of exchange and thus it can never be considered as a money. Though there are countries that have adopted bitcoin but they treat bitcoin as a commodity with a value that is a feasible form of payment.

[kvlolo]

2009 1 Ƀ = 0.0001 USD
2010 1 Ƀ = 0.07 USD
2011 1 Ƀ = 15 USD
2012 1 Ƀ = 7 USD
2013 1 Ƀ = 100 USD
2014 1 Ƀ = 600 USD
2015 1 Ƀ = 220 USD
2016 1 Ƀ = 1100 USD
2017 1 Ƀ = 1280 USD

From 0 to $1280, it took only 7 years, so I do believe that it could be $500,000 (prediction from Jeremy Liew & Peter Smith) by the year 2030.  

[kvlolo]

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money? 

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it? 

In a word, there are only two ways to make money/bitcoin, legal and illegal.

I do love this saying, "In a word, Bitcoin is MONEY".

Bitcoin is a currency but it is not money. In order for bitcoin to be considered money the state must recognized it as a legal tender but until now there are no declaration of bitcoin as a legal tender or an official medium of exchange and thus it can never be considered as a money. Though there are countries that have adopted bitcoin but they treat bitcoin as a commodity with a value that is a feasible form of payment.

Isn't currency money?  For me, USD is a currency, HKD is a currency, and both HKD and USD are MONEY.

[jc89]

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money? 

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it? 

In a word, there are only two ways to make money/bitcoin, legal and illegal.

I do love this saying, "In a word, Bitcoin is MONEY".

Bitcoin is a currency but it is not money. In order for bitcoin to be considered money the state must recognized it as a legal tender but until now there are no declaration of bitcoin as a legal tender or an official medium of exchange and thus it can never be considered as a money. Though there are countries that have adopted bitcoin but they treat bitcoin as a commodity with a value that is a feasible form of payment.

Isn't currency money?  For me, USD is a currency, HKD is a currency, and both HKD and USD are MONEY.

No, currency is different from money. Money stores intrinsic value within itself, fiat currency possesses buying power bestowed upon it by the government. Meaning a USD bill does not have a real value, it is only a piece of paper with writings and drawings, it only has a value because the government says so.

[DannyHamilton]

Yes, Bitcoin is money.

As far as I can tell, there are 5 ways to acquire bitcoin:

• Provide a product or service and receive bitcoins for the value you have provided
• Exchange your local currency (or any other currency) for bitcoins
• Beg and hope to receive bitcoins out of the charity in someone else's heart
• Gamble bitcoins and hope that you are lucky enough to win more than you lose
• Scam, steal, or otherwise take bitcoins from someone else

[amacar2]

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it?  

In a word, there are only two ways to make money/bitcoin, legal and illegal.

Yes bitcoin can be earned just like money but till now you can only earn bitcoin by working online.
But you can simply buy bitcoin with whatever you can earn from offline job.

Yes you can earn bitcoin with both legal and illegal way, but you can easily run away with whatever you can earn from illegal way. 

[vrm86]

2009 1 Ƀ = 0.0001 USD
2010 1 Ƀ = 0.07 USD
2011 1 Ƀ = 15 USD
2012 1 Ƀ = 7 USD
2013 1 Ƀ = 100 USD
2014 1 Ƀ = 600 USD
2015 1 Ƀ = 220 USD
2016 1 Ƀ = 1100 USD
2017 1 Ƀ = 1280 USD

From 0 to $1280, it took only 7 years, so I do believe that it could be $500,000 (prediction from Jeremy Liew & Peter Smith) by the year 2030.  

If for 2013 we put 1200$ (November) instead of 100$ (spring), this would look a bit different:

2013 1 Ƀ = 1200 USD
2014 1 Ƀ = 600 USD
2015 1 Ƀ = 220 USD
2016 1 Ƀ = 1100 USD
2017 1 Ƀ = 1280 USD

Conclusion could be: "It doesn't seem that BTC price could reach 1500$ in next few years, as it couldn't achieve that in last 4 years." Just the matter of interpretation

[kvlolo]

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money? 

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it? 

In a word, there are only two ways to make money/bitcoin, legal and illegal.

I do love this saying, "In a word, Bitcoin is MONEY".

Bitcoin is a currency but it is not money. In order for bitcoin to be considered money the state must recognized it as a legal tender but until now there are no declaration of bitcoin as a legal tender or an official medium of exchange and thus it can never be considered as a money. Though there are countries that have adopted bitcoin but they treat bitcoin as a commodity with a value that is a feasible form of payment.

Isn't currency money?  For me, USD is a currency, HKD is a currency, and both HKD and USD are MONEY.

No, currency is different from money. Money stores intrinsic value within itself, fiat currency possesses buying power bestowed upon it by the government. Meaning a USD bill does not have a real value, it is only a piece of paper with writings and drawings, it only has a value because the government says so.

Hmm, then why gold still has its own value without a government says so?

[Zadicar]

People do make things just to earn bitcoin its either on legal or illegal way since bitcoin does have a value which be considered as money too we can actively exchange it to local fiat and make use of it on our daily lives or on our needs.Yes it can be obtain buy doing legal and illegal and Bitcoin is money or shall we say a digital currency which means or be considered as money after all.

[digaran]

Yes, Bitcoin is money.

As far as I can tell, there are 5 ways to acquire bitcoin:

• Provide a product or service and receive bitcoins for the value you have provided
• Exchange your local currency (or any other currency) for bitcoins
• Beg and hope to receive bitcoins out of the charity in someone else's heart
• Gamble bitcoins and hope that you are lucky enough to win more than you lose
• Scam, steal, or otherwise take bitcoins from someone else

You forgot mining, the original method of earning money in bitcoins, there has been nothing like bitcoin ever, it's a new thing and a revolutionary one.
I know people often think mining is not profitable but why wouldn't they think differently?
Bitcoin mining is investing in the future, you buy ASICs and point them towards a profitable pool and start accumulating, then you pay your bills from pocket and you just keep mining for 1-2 years and then when price was high enough you'll sell to ROI and profit greatly at the same time.
Sooner you start mining the better the chances to mine with less difficulty.

And of course your wealth is safe with bitcoin, even if someone dumps 2m coins and cause a 50% market crash it's still worth to note that some one or few people are buying those 2m coins but taking advantage of a dump and getting cheap coins but they're actually buying them because then in term they'll want to use it in their businesses with other people.

Why do you think people willing to pay $1185 per coin right now? because they know if they wanted to mine 1 bitcoin it'd take them time and they'd to risk much more buying miners and waiting to ROI not mentioning the electricity cost, so if you think people(mining farms)will reduce their hash power instead of increasing it and they'll stop manufacturing miners? well that will only cause other miners take their place and start mining, rest assured bitcoin difficulty will not go down but only up up and up making it harder to mine thus price going higher and higher.

[Yuuto]

I have one more concern too:

Can bitcoin really protect our wealth?  Will there be one day that bitcoin is as trusted (or even more) as gold?

Answering your previous question, I would like to say that most of the economists and experts dont call bitcoin as a money, but as a different currency.
Bitcoin just simply does not meet a requirements to call it "money", but it is just a different way to hold your funds- a digitial currency.

Bitcoin obviously can protect your wealth, because it is something known, and trusted, even when the price is volatile.
Another good thing about it, is that you can have your wealth with you everywhere- in the web. You dont have to hold a wallet with you , which contains hundreds of bank notes with you, you can just hold a paper wallet or a smarthphone with access to all that wealth.

[Daniel91]

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money? 

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it? 

In a word, there are only two ways to make money/bitcoin, legal and illegal.

I do love this saying, "In a word, Bitcoin is MONEY".

Well, what is ''definition'' of money for you?
If you use money to buy something and also you can use bitcoin to buy something, than what is the difference?
Regular money you can earn through regular work, investments, trading, gambling etc.
What about bitcoin? It's the same.
You can earn bitcoin through regular work, investments, trading, gambling etc.
Yes, unfortunately, criminals also likes bitcoin because of anonymity, no government control...

 

[Labumi]

I don't understand the purpose of surely you want to know that bitcoin is money. Indeed bitcoin is not money, but by making sales or use bitcoin can we get the money. You know your trading system..?? , are all being traded is money. >?? . So, all the things that can get money does not have to be concerned about the physical. Because it is increasingly to the fore, the need of a person is always changing and we are have to have a work that is useful is not wrong. Because it is a work created to help and solve a problem that does exist in certain products and unresolved
 

[jtipt]

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.
I am confused. As a human being, we all know how to make money.
Isn't bitcoin Money? 
If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it? 
In a word, there are only two ways to make money/bitcoin, legal and illegal.
I do love this saying, "In a word, Bitcoin is MONEY".

So yes, putting it in simple words, as you say, there are only two makes to make Bitcoin legal and illegal. Now obviously you can earn bitcoin in any way that you can earn fiat including those methods there is mining which is essentially making bitcoin from scratch(you can compare with this to printing of paper money). The thing about BTC being money is that it is money as long as people accept it in exchange of goods, i.e as long as bitcoin has value.

[DoublerHunter]

I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.

I am confused. As a human being, we all know how to make money.

Isn't bitcoin Money? 

If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it? 

In a word, there are only two ways to make money/bitcoin, legal and illegal.

I do love this saying, "In a word, Bitcoin is MONEY".

Bitcoin is really a money and there is a lot of ways to earn bitcoin by doing signature,trading,freelance and investment. Money (fiat) and the Bitcoin is always involved in that two ways to make money which is legal and illegal because that is pretty normal in our world, most of the people choose to earn bitcoin in a clean and legal way while other want to earn bitcoin in a faster but dirty (illegal) way like selling drugs or any kind of illegal stuff in the black market.

[Patinix]

You can earn Bitcoins the same way as you earn fiat money.

Just get paid in Bitcoins instead. 

[kvlolo]

2009 1 Ƀ = 0.0001 USD
2010 1 Ƀ = 0.07 USD
2011 1 Ƀ = 15 USD
2012 1 Ƀ = 7 USD
2013 1 Ƀ = 100 USD
2014 1 Ƀ = 600 USD
2015 1 Ƀ = 220 USD
2016 1 Ƀ = 1100 USD
2017 1 Ƀ = 1280 USD

From 0 to $1280, it took only 7 years, so I do believe that it could be $500,000 (prediction from Jeremy Liew & Peter Smith) by the year 2030.  

If for 2013 we put 1200$ (November) instead of 100$ (spring), this would look a bit different:

2013 1 Ƀ = 1200 USD
2014 1 Ƀ = 600 USD
2015 1 Ƀ = 220 USD
2016 1 Ƀ = 1100 USD
2017 1 Ƀ = 1280 USD

Conclusion could be: "It doesn't seem that BTC price could reach 1500$ in next few years, as it couldn't achieve that in last 4 years." Just the matter of interpretation

I guess it may reach 1500$ within 2017.

[kvlolo]

You can earn Bitcoins the same way as you earn fiat money.

Just get paid in Bitcoins instead. 

That's probably what I thought, more over, all fiat money can be exchanged to bitcoin.