Vinz1978
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October 16, 2018, 07:51:37 AM |
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In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
If bitcoin is not a currency, why some merchants in different country they accepted bitcoin as their mode of payment also crypto/altcoins, like fast food, restaurant, and more, then some also accepted it in online shop such Amazon, then why Japan, Korea make bitcoin became regulated and legalized it. Therefore, on this way it shows it has potentials and capacity to become like that in the near future. |
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rickyNmorty
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Investor
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October 16, 2018, 07:56:15 AM |
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Bitcoin is already a currency, it does not need to become one. You can buy and sell things with bitcoin and that is what a currency is for. Although now I think people use bitcoin as more of an investment than as a currency but that does not mean that bitcoin has stopped being a currency.
It has a point. A fiat is called currency because it is inskde the market, or it is what helps the economy to run. But if we see through those products we can comprehend that bitcoin also performs this kind of things. With this we can say that bitcoin is a currency, eventhough it is used as an investment. |
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julzcoinbit
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October 16, 2018, 08:36:39 AM |
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Bitcoin is already a currency, it does not need to become one. You can buy and sell things with bitcoin and that is what a currency is for. Although now I think people use bitcoin as more of an investment than as a currency but that does not mean that bitcoin has stopped being a currency.
It has a point. A fiat is called currency because it is inskde the market, or it is what helps the economy to run. But if we see through those products we can comprehend that bitcoin also performs this kind of things. With this we can say that bitcoin is a currency, eventhough it is used as an investment. In my perception, bitcoin is a currency in a form of digital and it was obvious. This cryptocurrency is really profitable interms of Investment in long term method, but this is also the most risky Investment among some other form of Investment. |
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Antianara
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October 16, 2018, 12:11:46 PM |
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Bitcoin can't become a currency. Bitcoin is independent and is called cryptocurrency. Monetary is only an intermediary in Bitcoin trading.
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ganjasmokingg
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October 16, 2018, 04:05:54 PM |
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In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
I think if bitcoin is not used to pay then people will not want to use it anymore. Because people use btc for the purpose of the transaction does not take a quick pay without getting back to work. So bitcoin should be considered a currency rather than a valuable commodity like gold and silver because its nature from the beginning is different from them |
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avarnet
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October 16, 2018, 04:07:34 PM |
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bitcoin has become a currency but only digital currency and cannot be a real currency, because bitcoin has been created into a digital currency that cannot be made real
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ivandu
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October 16, 2018, 04:41:31 PM |
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bitcoin has become a currency but only digital currency and cannot be a real currency, because bitcoin has been created into a digital currency that cannot be made real
bitcoin never be real currency replace fiat.but it could as alternative digital currency replace paypal or others.and also when its lightning network already fully implemented maybe it could replace banking sytem too. |
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Zackgeno96
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October 16, 2018, 05:18:51 PM |
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In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
I think, Bitcoin currently is best used as an investment asset and not as a means of payment as the coin is currently not completely accepted in the financial market. However, due to its volatile nature, the coin is a great asset as it has helped earn great profit returns in a short period of time. Although, the coin is a good means for making transactions throughout the world, the coin's speed of transactions has fallen in comparison to other coins. The coin can replace fiat but it will take the coin a few years to do so. |
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katerinaliisa
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October 17, 2018, 08:31:14 AM |
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I think that now bitcoin is valued as a good investment. But at the same time, more and more organizations are beginning to accept bitcoin as a means of payment for their goods and services.
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Osarman
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October 22, 2018, 05:46:11 AM |
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Bitcoin can't become a currency. Bitcoin is independent and is called cryptocurrency. Monetary is only an intermediary in Bitcoin trading.
It is clear to everyone that Bitcoin is using as a mode of exchange and for friction-less transaction besides these services and benefits we are using it as investment source of expecting huge returns. We have been experiencing its investments and profits since 9 years and this will also help you out unless and until you start with it. Now, you will have no doubt over the Bitcoin as a currency or an investment source. |
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Tetutu
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November 16, 2018, 08:08:35 AM |
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Bitcoin is already a currency but is only in binary form. It uses blockchain to make transactions online especially in online payment system. So instead of using fiat currency, bitcoin is the best alternative currency for it.
Bitcoin is now a digital currency, because it can be used to pay for anything in the world as long as the company is in a country that accepts bitcoin. So the transaction system is online and peer to peer so it is not tracked by third parties, such as government and banks. |
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Buttermellow
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November 16, 2018, 08:22:05 AM |
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Bitcoin is already a currency but is only in binary form. It uses blockchain to make transactions online especially in online payment system. So instead of using fiat currency, bitcoin is the best alternative currency for it.
Yes i agree with this besides bitcoin is already use as a payment form but it is something to be used on decentralized projects also like investing in an ICO projects. Others like in some of the establishments had accepted bitcoin already and had made a successful transaction with it. |
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Cocesstraable
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November 20, 2018, 07:48:10 AM |
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Bitcoin can't become a currency. Bitcoin is independent and is called cryptocurrency. Monetary is only an intermediary in Bitcoin trading.
If you are talking about the global currency, yes Bitcoin can no doubt become the global currency. It is just not one right now because not every country accepts and uses Bitcoin. |
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toast
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November 20, 2018, 08:04:13 AM |
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actually it is not difficult if the state and government legalize or formalize the crypto currency as the applicable currency of course the crypto currency can be like a currency that can do transactions like the prevailing currency
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Kiweikoo
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November 22, 2018, 05:20:39 AM |
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In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
Bitcoin is a virtual currency and it doesn’t belong to any country. A lot of people are confused on whether Bitcoin is a currency, an asset or a collectible. But if you ask me, I will say that Bitcoin is just an asset. Yes you can also use it as a means of receiving payments but still that doesn’t make it a currency, it remains what it is. Bitcoin is unstable and the one thing people need from a currency is for it to be a stable store of value, and Bitcoin does not offer that, neither does other cryptocurrencies. |
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DarkIT
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November 22, 2018, 05:48:32 AM |
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actually it is not difficult if the state and government legalize or formalize the crypto currency as the applicable currency of course the crypto currency can be like a currency that can do transactions like the prevailing currency
before becoming a currency, I think bitcoin must be accepted in all countries first, and secondly, bitcoin must have a stable value, because I feel that when bitcoin prices are unstable, most people will only view bitcoin as an investment tool, not a currency |
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boyz97
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November 22, 2018, 07:33:26 AM |
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actually it is not difficult if the state and government legalize or formalize the crypto currency as the applicable currency of course the crypto currency can be like a currency that can do transactions like the prevailing currency
before becoming a currency, I think bitcoin must be accepted in all countries first, and secondly, bitcoin must have a stable value, because I feel that when bitcoin prices are unstable, most people will only view bitcoin as an investment tool, not a currency if government already regulated bitcoin , i think its price could be stabel.even rise and make new high again.investors confidence and comfortable if bitcoin already regulated. |
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zcashplan
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November 22, 2018, 08:01:40 AM |
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Bitcoin cannot be a currency, it is just a digital currency. In fact, to become a currency, it is still very small now. When the price of Bitcoin exceeds 200,000 US dollars, it may become a currency. But it is very difficult. It may never be possible.
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Ranly123
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★777Coin.com★ Fun BTC Casino!
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November 22, 2018, 08:06:48 AM |
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In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".
In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.
The value of money: it exists because of payment.
It is indeed exist because it is used for transactions online like betting sites. Now it is also used as the basis for exchanging in different coins that emerged in the market. The value of Bitcoin exist through the continues patronage of people to it's usage. |
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Lumi3004
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November 22, 2018, 10:23:09 AM |
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I know that Bitcoin is currently used as a buying and selling transaction, but not as a currency.
Example: like gold sold only makes money.
Bitcoin is also the same as the principle of selling gold and making money, so if Bitcoin is made into a transaction money I think it is rather difficult because all countries have their own currency. if my opinion is correct what I understand from the topic.
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