Bitcoin is not a currency?

[12tribes]

Is bitcoin a currency? Yes it is and much more. whatever has value can be used as a currency. Whatever has been accepted as a legal tender amongst a people is a legal tender as long as its value is not subject to certain shortcomings and faults and the bitcoin has no defect or faults.
I think it is safe and smart to disregard such statements. The bitcoin and crypto is bigger than the Oracle of Omaha.

[BrentMack]

Bitcoin is a currency. It mostly depends on your usage of bitcoin. When I buy and sell things online using bitcoin as a payment method then bitcoin is a currency. But sometimes, I also like to buy and wait for bitcoin to go up then sell and make profit which makes it an asset.

[Fatemablabla]

Of course it is a currency.if you go to the goggle and search for it the very forst intro you will see that bitcoin is a digital cryptocurrency.but also i should mention that it depends on you how you take it.we can use it as our general currency tho in my country the govt has banned it.im waiting for the unban decision.

[Creepings]

actually maybe not as we are used to understand, but it is still a tool of payment and recieving payments. We can still buy and sell for it.

it is a tool for it? But it doesn't used in that way, sadly. For a lot of people, Bitcoin is not a currency but an asset or an investment that can give you a good profit in the future or when it pumps, it is volatile so we do not know when this pump will happen.

[maianh09]

I think this is a false statement, I think Bitcoin is a currency. Many people are accepting it as a currency to pay. I see some articles that say, "In China, there is a car shop accepting Bitcoin payments" and this proves Bitcoin accept as currency.

[luis sagna14]

Bitcoin is one kind of crypto currency. It is a form of digital money. It is exists in the network only but not like dollar, euros. Bitcoin is produced by mathematical proof. It is a decentralized currency.

[shadowtree]

Bitcoin is a good store of value similar to gold, but how many of us use gold today as a currency. Its why I think bitcoin will remain the dominant one but other cryptos will be used as day to day currency.

[Kusnechik]

Rather, they are right who calls bitcoin a commodity, not a currency. You can buy real estate or product in some countries for bitcoins.

[mullzerwar]

Bitcoin is a cryptocurrency, a digital currency. Whatever he meant, it will not influence the existence and the use of bitcoin as a digital currency. Crypto, in this case, becomes one-leading blockchain technology. For people who are aware of the technology and development of era, they will realize the bitcoin. In this case, whatever he said, we should not be influenced by his talks. I'm still here recognize that bitcoin is an advanced digital currency for many people use it for transaction and investment.

[luisdvmd25]

Bitcoin is not a currency, and many countries issue it, and it isn't considered money. You can not use it to buy items in stores or at grocery stores. It can not be used to pay rent, electricity or water bills. So I think it is not a currency.

[Paka1]

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?

People have different perspectives when they hear the word bitcoin,  some may think about it as a trash,  some may think that it is worth the investment. We cannot force everyone to believe that bitcoin is really a great venue to start up investing, but the fact that we entrusted our money,  time and effort  well that is something that matters. And for the record bitcoin is a virtual currency that means we could use it as our payment when transacting online,  thus,  it is still a currency.

[beezare]

everybody has their own opinion, and for me bitcoin is a digital currency which of course is different from official currency, we can only use bitcoin online and not all places can accept bitcoin

[owlman]

There is nothing surprising in this, everyone has the right to their opinion. You do not need to listen to anyone and make a decision based on these comments. Bitcoin has many functions, and it is already accepted as a means of payment, so,  bitcoin - the future.

[ov3rflow9x]

Bitcoin is not a currency its like a property which u bought and holding and its growing in price year to year , but its not ready to be a currency in this moment.

[yahyaz]

Bitcoin is the new digitized gold.

[VIC-btcforum]

It should be a currency. But most people view it as an asset and that s the big problem. People are looking to make money with BTC not replace existing currencies.

[allycn]

I would call it a currency since it is accepted as a form of payment by some people. Per wikipedia, currency "refers to money in any form when in actual use or circulation as a medium of exchange". In my opinion Bitcoin fits this definition as well as being the type of currency that is just traded for its economic value.
It may not be a conventional / popular currency or one that is recognized as "stores of value and traded between nations in foreign exchange markets", but that could change in the future.

[gabbiee]

There is nothing surprising in this, everyone has the right to their opinion. You do not need to listen to anyone and make a decision based on these comments. Bitcoin has many functions, and it is already accepted as a means of payment, so,  bitcoin - the future.

I agree, we all have our own point of view it only depends on each one of us what we're going to believe to. It is hard to tell which is true and not because there are a lot of fake news about bitcoin, trying to bring bitcoin down because bitcoin is a threat for them and seeing bitcoin succeed in all kind of fields is not good for them. Bitcoin is meeting its function to its community it depends on the user how he/she is going to use it.

[2fresh]

I would call it a currency since it is accepted as a form of payment by some people. Per wikipedia, currency "refers to money in any form when in actual use or circulation as a medium of exchange". In my opinion Bitcoin fits this definition as well as being the type of currency that is just traded for its economic value.
It may not be a conventional / popular currency or one that is recognized as "stores of value and traded between nations in foreign exchange markets", but that could change in the future.

Seems more like people are holding it like an asset instead of using it as a currency to be honest.

[Good Bo]

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

Not all people think the same on how they will bitcoin, currency or investment. Different people using them with different purposes. Some are taking them as asset and start investing in them. And some legends are there who are continuously using them in payment methods and thus they become currency. So it does not matter hiw people use bitcoin but at least we know bitcoin is very useful.