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Author Topic: Bitcoin as money  (Read 1140 times)
Rhaiyah
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March 04, 2018, 04:53:17 AM
 #81

They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
There's may be a cause of problem from the transaction because sometimes the internet have a problem. In a real money if you buy a foods or a clothes it's easy to be paid, if bitcoin using as a payment  few minutes before you can confirm that you are paid.
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March 04, 2018, 05:02:12 AM
 #82

They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
Ofcourse it should be in positive way , if we will buy things with the help of the bitcoin then surely it will be referred as the barter work where that person needed money and you needed that product .
Well now bitcoin is popular at that level where people are finding is much easier to have in use for most of the things .
Currently transaction is fee is very small for bitcoin so probably here I can say that bitcoin as a money can play really a important role in our life and many people are already using it .
Well here I will say that bitcoin to use asset will be more better then as money because sometimes many inputs and single output of the transaction leads into high fee .
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March 04, 2018, 05:15:34 AM
 #83

They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?

We can use Bitcoin as alternative money and can be used as mode of exchange like payment of monthly bills such as water, electricity, telephone, insurance and many more that has no/less charge and hassle free. It can really save our time and effort than going to different store and make payment. We can use it to buy food in a participating stores but not all. Also, the value of Bitcoin is increasing drastically so your 1BTC can realy buy so much.
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March 04, 2018, 05:16:02 AM
Last edit: March 04, 2018, 10:02:30 AM by CottonGuy
 #84

They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?

I really wish the day will come that bitcoin will be used as a currency anywhere in the world. We can't really tell when that would be happening but I think it won't happen because people find it more profitable if you'll use bitcoin as a store of value just like gold.

Here are some experts thoughts why bitcoin will never be a currency.
https://cointelegraph.com/news/bitcoin-not-currency-never-will-be-expert-blog


Lots of us are asking if bitcoin is really the future of money. Some believe that it is, some don't.
https://www.bloomberg.com/view/articles/2018-01-17/bitcoin-isn-t-the-future-of-money

 I've read an article where in this guy experimented on a specific area where in he only uses bitcoin as a currency to pay for everything. It's a good read, you can check this out. https://www.popsci.com/is-bitcoin-really-future-money

As what I can see with the trend right now, bitcoin is used as a store of value not as a currency but you can still use bitcoin to buy your basic needs as well as pay your bills. Some of the companies or stores are already adopting to this new technology.

You can find the lists of stores that accepts bitcoin in here. https://www.bloomberg.com/view/articles/2018-01-17/bitcoin-isn-t-the-future-of-money

Ekram
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March 04, 2018, 05:40:08 AM
 #85

Yeah it is true that, bitcoin as money. I think, bitcoin really improves of this world and improves of our personal life. Because bitcoin always gives our highest money. So I think, cost of bitcoin is better and I can say that, bitcoin as money.
Kasliono
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March 04, 2018, 05:47:35 AM
 #86

They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
In my view, it is a good thing, you can imagine how easier when you buy something by using bitcoin, so you don't need cash anymore, you don't have to worry about pickpocket, also when you are doing travel to another country, you don't need to change your money in money changer. Everyone can buy anything from another country with low fee and fast. They are some example how easier when we use bitcoin as a money.
ellabanana
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March 04, 2018, 05:57:56 AM
 #87

Having Bitcoin as our money will be complicated especially its price is not stable. It could be a disadvantage but an advantage also at the same time. If we will pay Bitcoin in our transaction, but how will it differ to what we have? Some countries could already pay using their phones. So, I think the unstable value is the difference. We have inflation, but not as big and as low as the change of value in cryptocurrency.

TheGreatUnknown
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March 04, 2018, 01:00:58 PM
 #88

Maybe not now because as we all know that the price of bitcoin is volatile and it changes every second so to give you an situation and brief explanation, how about you go to a store and you buy something, you are in line in the cashier you are next in line and the price of bitcoin you have is just exact for the price of the shirt then suddenly the bitcoin price goes down, you will end up, not having those clothes. If bitcoin somehow make something about this then it will be perfect to use it as a money.
playboy654
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March 04, 2018, 01:15:41 PM
 #89

Of course bitcoin is a money and it was found to be used in our day to day life but people are using it as an money making tool due to its speculative nature.But bitcoin is also not yet ready for using as a money still it takes some more year.

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March 04, 2018, 01:20:23 PM
 #90

It is slower to arrive than most enthusiasts think. Even a year later, if I tried to live only on Bitcoin for more than a week, I’d either be very hungry or very bored with my meal options.
NH
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March 04, 2018, 01:23:30 PM
 #91

ah, i never imagine bitcoin as payment. just follow bitcoin live, if it can be use for buying some food or other stuff in my country i will use it. if no, maybe just use for trading. because in my country bitcoin still reject as payment.
for all country, maybe bitcoin cant replace regular money, but it can side of money
ed_Berrington
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March 04, 2018, 01:24:22 PM
 #92

I think that this is positive, because it is more convenient to have all of your funds on one well-protected wallet, pay off anywhere in the world and in any store one currency is also very convenient.
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March 04, 2018, 01:26:49 PM
 #93

They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
Since bitcoin can only be accessed through computer and other devices, I think bitcoin can only be used in online shoppings. Also, its a digital currency thats why we can only use it through our devices and also having a stable internet connection. In the future, more people will use it as a currency that will make it more famous to other people.

matuson
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March 04, 2018, 01:29:27 PM
 #94

ah, i never imagine bitcoin as payment. just follow bitcoin live, if it can be use for buying some food or other stuff in my country i will use it. if no, maybe just use for trading. because in my country bitcoin still reject as payment.
for all country, maybe bitcoin cant replace regular money, but it can side of money
In almost all countries of the bitcoin not accepted as payment in stores. I think that won't happen for a long time. It seems to me that the States will never dare to recognize bitcoin as a legal means of payment in stores. But it can be exchanged for national currencies. For this state will take some interest in the form of a tax. Everything else will remain as it is now.
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March 04, 2018, 01:31:32 PM
 #95

well I see the negative of bitcoin because if we buying some items there is high transaction fee that we want to pay and the slow of bitcoin.
KesoNie
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March 04, 2018, 01:32:57 PM
 #96

They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?

For me, if bitcoin would become our future currency, in which there's a big possibility that this would happen in the future. There would be a positive and negative impact. The positive side of using bitcoin as our money is that it is convenient to use since it is just like using a bank card. On the other hand, the negative side of using bitcoin is that it is not stable, sometimes it fluctuates, sometimes it's stable.
I also thought that bitcoin could be our future money too but cannot replace the current Fiat's that exists in each of every country. Even though it can't replace Fiat's as a major money matter it could be also a one of the moods of payment worldwidely. But of course if it would happen in the future this could be a good indication for bitcoin.
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March 04, 2018, 01:34:54 PM
 #97

They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?
Yes Bitcoin is the future of money which for me means that it is a digital currency that will be used to buy or pay goods and services anytime and anywhere in the world without the need of a middleman. Bitcoin is fast but as it's price goes up fees can also be alarming and the essense of being a currency is somewhat goes into like an investment asset which is not the main purpose of Bitcoin's existence.



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bitcoinajax455
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March 04, 2018, 01:37:25 PM
 #98

I think that this is positive, because it is more convenient to have all of your funds on one well-protected wallet, pay off anywhere in the world and in any store one currency is also very convenient.
It is positive and bitcoin is already  a money because it is use for payment, use in merchant transaction. Bitcoin is a new form of money, a digital curenccy. However it depends how to threat bitcoin in our daily needs.
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March 04, 2018, 01:41:09 PM
 #99

They say that bitcoin is the future of money. What do you think if we use bitcoin in everyday lives as a money? Like buying foods. Or buying clothes. Do you imagine it positively or negatively?

For me, buying our daily needs like foods and cloths using bitcoin is have negative and positive side. Positive side because the transaction will be made faster because we can pay our needs through online, negative because we can buy something without seeing who is the seller.

Andria123
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March 04, 2018, 01:53:34 PM
 #100

yes bitcoin is a money,we all know bitcoin is a token and convert into money payment method,bitcoin is a new formulation of money,bitcoin is have a good investment and fast transaction

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