Bitcoin is not a currency?

[ipanks]

I think so. Bitcoin in my opinion is just a market so that we can invest and make a profit from investing in it, also say bitcoin is a currency I think is not right.

bitcoin now is not already a currency but bitcoin has a big chance to be a new currency for all country because bitcoin can use by any people without any differences. bitcoin can be a bridge between our real life and online life so we can use one new currency which can connect our life with easier. besides that, bitcoin has many followers which still support bitcoin and the other coins and bitcoin can be work as a new investment for the people.

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[nadbucs]

Each and every individual has their own opinion with regards to bitcoin. Some of them like it and some of them are not sure about it. It is depends on how deep the knowledge he has. Bitcoin is already being used as payment for goods and services and is now a medium of exchange but still limitations is there compare to fiat. But at this moment it is more considered as a new way for investment.

[Razick]

Bitcoin is a currency because you can buy and sell with it which qualifies it as a currency but it also doubles as an asset which you can invest in and make money from because it is volatile and prices fluctuate so you can make so much money from it. But if you are worried about it's eligibility as a currency then don't be, it is as much of a currency as any fiat currency.

[shoreno]

Each and every individual has their own opinion with regards to bitcoin. Some of them like it and some of them are not sure about it. It is depends on how deep the knowledge he has. Bitcoin is already being used as payment for goods and services and is now a medium of exchange but still limitations is there compare to fiat. But at this moment it is more considered as a new way for investment.

i agree majority of people buys bitcoin because they mainly use it as an investment rather than a currency. but keep in mind that bitcoin is still  a digital currency and the main purpose on why it was built is to be an alternative payment medium next to fiats. so , thats why we should primarily used our bitcoin as a currency more over than a asset. However we can also use our bitcoin in both ways in order to utilize its effectiveness more effeciently.

[xhoondilan]

For some country bitcoin is not yet currency because they dont appreciate bitcoin yet but for those who make bitcoin as their other way of saving, invest and even mining money then you can call it cryptocurrency or in other words its a digital currency which is different form the fiat money which can be hold by hand. Also bitcoin is a coin itself and how can you say that its not a currency?.

[JerryJam]

People treat bitcoin differently.Some are supporters of cryptocurrencies others are categorically against. And still others take a neutral stance.Everyone has the right to have an opinion.But if you really assess the situation, we will see that bitcoin can not be called a full-fledged currency that we used to use every day.Bitcoin does not have a permanent exchange rate. Therefore, it cannot be a means of preserving capital. It is not a means of exchange and is not a monetary unit.Bitcoin does not meet all these criteria, but only some of them.This does not mean that bitcoin has no future. On the contrary, it becomes the most popular asset class. And in the future it will be widely distributed.

[Marrionbitcoin]

I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".

Is he a hater of bitcoin? while other big names appreciate the bitcoin.

Your thoughts?

Bitcoin is a digital currency that we can use it as mode of payment o buy goods and services in stores or online stores. Bitcoin is widely known by many people around the world. Bitcoin can really change our lives to better if Bitcoin has good performance in the market. So we better to invest now because the price is still low and then just hold until you have reached the desired income.

[TheSmo]

Opponents of the perception of bitcoin as ordinary money note: for money, it is characteristic to be a product of the state order. The state issues emission, providing a certain value for money and establishes their obligation as a legal means of payment. Proceeding from this definition it is obvious that bitcoin is not a monetary instrument, since it is not emitted by the state, it does not guarantee its value and does not establish the duty to accept it.

[wagi]

I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".

Is he a hater of bitcoin? while other big names appreciate the bitcoin.

Your thoughts?

Bitcoin is a currency and also a property of those who own it. I think many people are investing in Bitcoin just to get a bit of time and money. Long-term investment, this does not affect Bitcoin much, but these currencies need more supply, so I think it is necessary to invest in long-term.

There is no relation between more supply and necessary to invest. So what are you trying yo say?
And why do you need more supply of bitcoin? As we all know bitcoin has fix supply, its just 21 million of bitcoin so i dont think it can add more supply.

[Godday]

so far there are many people who say bitcoin is the currency but I myself do not agree if bitcoin is called a currency because it is bitcoin itself does not have characteristics such as the feature of the currency. so its not complementary to be a currency

[plaintiff77]

Bitcoin is a crypto currency or a digital currency.Unlike fiat,Bitcoin has a huge value also its value is volatile so it will rise of fall from time to time.Also Bitcoin is good for investment.Bitcoin is still a currency and it is being use by many people all over the world.

[goku1525]

so far there are many people who say bitcoin is the currency but I myself do not agree if bitcoin is called a currency because it is bitcoin itself does not have characteristics such as the feature of the currency. so its not complementary to be a currency

Bitcoin consider as a currency because they based on the demand and supply on the marketplace .also bitcoin is decentralized in all over the world and no one can controlled to its fluctuations .We are all anonymous in this kind of transactions if bitcoin is not a currency why theres a high taking risk on bitcoin.

[SaiWAFU]

I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years".

Is he a hater of bitcoin? while other big names appreciate the bitcoin.

Your thoughts?

Bitcoin is an innovation for transactions. For now it's serving its purpose that's why it's highly demanded at the market. Until no new innovation will come out that can compete with bitcoin, it will retain in its position. Bitcoin will still be in the market 10 years from now. The question is it's value by then.

[superstarbtc]

bitcoin is nt a currency bitcoin asset bitcoin speculation is more high we cant consider it as a currency

[Vanester2014]

He was living in an old school or he was just planing to promote a defirent kinds of mode of payments in the future. As you can see almost all of the company around the world already start studying crypto currency if bitcoin will lost in the future atleast he already mad a legendary history that crypto curency exist.

[Rezel111]

maybe that's just his opinion we never know the next few years about what will happen because change always happens at any time.bitcoin as currency or not it depends on the person itself, if bitcoin as a means of payment then it is called a currency

[Lintel]

Everyone is having their own presumptions about bitcoin and some of them love it and some of them are not sure about it. So most probably Warren is one of the guy who is not liking the idea of bitcoin making others rich! He struggled for isn't it but now every man can just get as much money as they could if worked properly on the project.

Anyway, whether bitcoin is currency or not is big question and many of them consider it as asset though it was meant to be currency by the founder of bitcoin that is Mr. Satoshi sir!

true, I agree with what you have said. Everyone of us has its own opinion about bitcoin or cryptocurrency. I don't think he is a hater of bitcoin but I do think he has a different understanding or interpretation of what bitcoin really is. and also bitcoin is not a currency .it is a digital currency and for some it is an asset and for some it is an investment.

[WolkGold]

Bitcoin is a digital currency, it has been accepted as a currency and is a legitimate, circulated and traded asset in many countries around the world. Some countries have high technology like Japan and Germany.
Bitcoin is also widely used as an efficient and cost-effective payment option.

[Raziel444]

If you can buy and sell with it, i think it qualifies as a currency.

[keninu]

we value the opinion of Warrenn Buffett, who says that Bitcoin is not a Currency. while what we know is, Bitcoin's Digital currency. yes maybe He's a Bitcoin hater, or he wants to influence others to not like Bitcoin. let's just look at the fact that Bitcoin enthusiasts are so much!