Bitcoin is not money

[Sithara007]

So, it's money.

Literally, you could say the same thing about dollar bills. Money is anything that holds value/can be bartered w/.

It's statements like these which will only confuse the public about bitcoin more. It's money.

So going by the same description, would you say that gold is also money? For sure, gold can be bartered and it is accepted in far more places when compared to Bitcoin. The same can be said about United States Treasury Bonds, Equities and Mutual Funds. So I don't agree with your logic. All these can be classified as investment assets, but not as money. Bitcoin was originally designated to be a currency. But nowadays it is acting more like an investment asset.

[Dapper]

Gold is indeed money.  Bitcoin is money.   It doesn't mean it will always be money (the same for US$ or any other fiat currency).    At present it is.    You can readily exchange all three (gold/bitcoin/fiat) at their respective market rates.   

[jhongzjhong]

Gold is indeed money.  Bitcoin is money.   It doesn't mean it will always be money (the same for US$ or any other fiat currency).    At present it is.    You can readily exchange all three (gold/bitcoin/fiat) at their respective market rates.   

Everything that has great value is we considered money and we may barter it into goods, bitcoin has great value so we consider this as a currency that can able to make transactions through the internet. Bitcoin also created because they intended to be a number one of universal cryptocurrencies which is having P2P transaction that really helps aside from banks. But sad to say only a few countries accepting on this.

[leea-1334]

Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)

So every day people are buying food, gifts, paying bills and paying taxes, and even gambling (like me) with limited pieces of artwork,,, what a weird way of seeing it. It is an idea that works for hodlers and investors for sure, but even then not really because artwork collectors usually just keep and never sell,,, true hodlers.

[Hughes_Ryan]

Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)

For me, bitcoin is an invisible entity. classify it based on each person's perception. Bitcoin is money or it is also a speculation. In other words, blockchain blocks are creating a modern currency. At the same time, the progress of decentralization creates an invisible power. Bitcoin provides a multitude of potential values, efficiency and growth.

[MiningMousse]

Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)

What can be called art is necessarily something of value. Valuable things can be regarded as money. In my opinion, BTC is a milestone in the history of money.

[Fivestar4everMVP]

Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)

and who told you so??
Well, that's how you choose to see it, other people see it in a different way, I personally think that bitcoin is a digital gold, a store of value, when it comes to everyday spending, I don't think bitcoin is good for that due to its high fees at times, BCH is more likely to be very good for day to day spending but bitcoin, I personally treat it as a store of value

[1A1zP1e]

money: limited value
Bitcoin: unlimited value

[Artemis3]

So, what's money in your opinion?

Because it's just paper and coins for me 

I see it as a means to obtain goods. After 5 years of hyperinflation, i lost any attachment for physical money, i don't particularly care if the transaction is electronic, if it has 1 zero or 8, its all meaningless. Its basically, the means of being able to purchase something you need.

And for me using satoshis or bitcoins is just as effective. Fluctuation? Meh, bitcoin is rock solid next to our garbage fiat. Every single day prices change under hyperinflation, so who cares bitcoin does the same?

Only people living in first world economies would, they just don't know anything else. I would feel weird not to check the new price of an item everyday. What, do you mean it remained the same as yesterday? Quick, buy it before it changes...

Under deflation, things are expected to slowly become cheaper, as in 2% annually. I expect something like this to occur in 50 years or so, when bitcoin fluctuates less and less due to reaching maturity. The fiat currencies are probably going to get weaker and weaker and start fluctuating, downwards, of course. The moment world economics start noticing and switch to Austrian school, abandon fractional reserve banking and reduce or remove all State intervention in the economy, finally embracing the way deflationary coin with actual voluntary money savings, the one YOU (optionally) pay banks to keep your money safe, and not the other way around.

Of course banks are going to shrink, but what money they declare becomes real and not like today where 90% of the "circulating" money is vapor. To make it simple: When bankruns cannot bankrupt a bank anymore. Like the bank of Amsterdam once had...

[Ghebung Masam]

Bitcoin is digital money but its function is not 100%
I suppose that bitcoin is gold. later when in the real world bitcoin is already widely used for exchange tools, 100% of bitcoin functions as a currency.

[superscommessebitcoin]

One can in different ways be called bitcoin. For someone it is something like gold, for someone it is money. Someone is just speculating with them. No matter what people call it, what matters is what it means to all of them.

[bitcoin31]

So what do you think bitcoin?  It is money for everyone,  we can earn money by using the bitcoin so why did you tell the bitcoin is not money? Even they have many people who do not have money before but because of the bitcoin they have now and plus others are millionaire so tell me right now the bitcoin is still not money? I think for you bitcoin is not money because you don't have bitcoin even some satoshi.

[Gi01]

Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)

You are indeed new to the whole ideology of cryptocurrency and Bitcoin to be specific. Bitcoin is an alternative way too store money in the form of digital coins. Just like paypal, Bitcoin is a decentralized form of money that gives its users financial freedom to send or receive funds in the form of Bitcoin at any part of the world you find yourself.

[leonair]

OP doesn't even know what he/she was saying.

I may quite agree that it's an art of satoshi and can consider one of the greatest art when it comes to digital money. I understand that you are a newbie and don't have enough knowledge what's Bitcoin all about. Bitcoin is money(I bought something with it so that makes it money in a way  ), end of the story.

[pixie85]

money: limited value
Bitcoin: unlimited value

How did you come up with this?

Money don't have limited value and zimbabwean dollars were a good example. They were inflating until people had to carry around a hundred million dollar bills and they were still struggling to buy groceries. You can't predict the future value of a currency. It has a limited value but only here and now.

[Cryptrx]

The fact that bitcoin can be used to pay for products and services makes it a type of money. If we say bitcoin is not money, the whole idea of replacing fiat with bitcoin becomes defeated.

[sngwinner]

No wonder this account is a newbie account because you don't know what you are talking about and I see you don't even know kind of platform you are posting this on. Just go back home and study your books and come clearify yourself buddy.

[DaWidyaa]

Well, bitcoin is not money, but bitcoin is a digital coin as an investment opportunity that can make double the money even many times, but if bitcoin is not used well then it might not benefit at all.

[Krislaw]

Bitcoin as Money, You can exchange bitcoin into product what you want, bicycle, car, house, property, goods and anything. Online store around the world should be exchange your bitcoin. same like fiat, bitcoin have value and have limited suply different as fiat.

[Ranly123]

Bitcoin is not money.

It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)

It's not money but a currency which is used for online transactions like gambling and online shops. I don't know what's your point on this but I guess you got the wrong idea.