Bitcoin is not money

[Dapper]

Exactly.  Beaver pelts were considered 'money' for 200-300 years in colonial North America.   That said, probably also a good example of why one shouldn't fall in too deep of love with any kind of money.   Crypto may indeed go the way of beads, beaver, and paper money.  Know when to get in, trust your senses as to when to get out.   Barnes and Noble used to look like a market favorite compared to Amazon (if you looked at their bottom lines back then... Amazon had about $20 million in sales while Barnes had around $2.2 billion)... glad I didn't HODL that one.   But I did buy and sell it quite a bit in the 90's.  Don't forget to take your profits.   Your homes and land will still be there when the dust settles and you won't even care about what stocks or cryptos you held back in the day.   

[PodMiners]

Bitcoin is an art but money as well. It's the digital currency that can now be used for the buying of goods and services in various countries.

[Evgenklm]

For each person, bitcoin is perceived differently, for me bitcoin is something innovative and promising means of payment in the future, sooner or later we will come to the fact that most people will use the payment of transactions and services is cryptocurrency and blockchain, I'm sure.

[joeperry]

Money - a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively. (Wikipedia)

Definitely it's not a money since it is not a form of coin but we can consider Bitcoin as an asset or an electric or online money... an art work? maybe not? a gold maybe? but the difference is that we can predict the numbers of what we can mine rather than the gold which we can't define the number of its resources, We can also compare the silver as an Ethereum.

[Cosbycoin]

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)

Your wrong bitcoin is digital currency you can use it to pay bills same like fiat and if you want to make a real money you can sell it into the exchange,much better research properly what is bitcoin so that you can get idea and how important it is.

Yes, bitcoins can definitely be compared to digital money as we all know that bitcoin transactions are been carried forward on the blockchain networks where miner mine the transaction from one address to another. Actually even we can earn bitcoins for just transferring the coins as a medium of miner. Bitcoins are a digital form of currency which has the potential to overrule the coming markets and also a lot of potential investors are hopping into bitcoins which is giving them vast growth and we all might soon expect bitcoins getting a title of "Legal payment mean" which would be used globally in each such markets to buy/sell commodities.

[yusupjatigumilar]

In some countries bitcoin is considered an investment commodity and not as a means of payment, but in some countries there are also those that apply it as a payment instrument usually applied by online stores that serve buyers from all over the world so they choose to use bitcoin compared to conventional bank transfers that take a lot of time and the costs are quite high.

[michellee]

I think bitcoin is money in digital life as we now lived on the internet by doing many things, so we need a new currency to pay online. Maybe we have Paypal, credit card or debit card, or other payment, but bitcoin will be a new way for people to make a transaction. Bitcoin was also the money in offline life because in some country, people can make a transaction with bitcoin and they can buy something using bitcoin. I hope that soon, all country will accept bitcoin as the payment method.

[Motorista]

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)

I disagree. Bitcoin is totally a money, that is why we can use it to buy the things that we need and pay all of our bills.

[ghost424]

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)

This is misleading and people should be provided with proper knowledge about Cryptocurrency and Blockchain. Cryptocurrency is a digital asset where it could be used to buy and pay for something where internet is available. Bitcoin is a Cryptocurrency where it could be used to pay and buy for something we need and therefore it is a digital money. Bitcoin might be called an Artwork but it is still money because every artwork has an specific equal value of money.

[shabat]

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)

I disagree. Bitcoin is totally a money, that is why we can use it to buy the things that we need and pay all of our bills.

Your point of view is interesting, but honnestly, it is not, if you look around you does the mass is using the bitcoin ? Does your neighboors or the granma who is going to buy his bred at the bakery is using bitcoin ? No !
And for me a money is something that the most part is using, i can't currently buy my bottle of milk with bitcoin for example..

One day Maybe but currently no.

[Dapper]

And for me a money is something that the most part is using, i can't currently buy my bottle of milk with bitcoin for example..

One day Maybe but currently no.

I can't use Swiss Francs at my local 7-11, but it's definitely money.   I have to go to the ATM first and withdraw Singapore dollars (converting them from Swiss Francs automatically).   End result = 1 bottle of milk purchased with CHF.

I can't use Bitcoins at my local 7-11, bit it's definitely money.  Couple of similar steps involved.....  End result = 1 bottle of milk purchased with BTC.

 

[Micerker]

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)

Bitcoin is not a currency but it can be used to pay any cost that accepts it. Bitcoin is worth more than money, but it has a fixed supply and cannot add. The value of Bitcoin will increase every day, but the money will always keep the price the sister it has.

[Daniel91]

If you ask central bank in my country, Croatia, they will tell you that bitcoin is not money or financial assets.
They issued public statement about it last year.
It seems that we need new definition here: What is money and can we already talk about different kinds of money and financial assets?
I think this is a good question for economist experts.

[Ghebung Masam]

bitcoin is not money but bitcoin can be like money because money is a tool of exchange and anything of value is of course equal in value to money.

[Fivestar4everMVP]

If you ask central bank in my country, Croatia, they will tell you that bitcoin is not money or financial assets.
They issued public statement about it last year.
It seems that we need new definition here: What is money and can we already talk about different kinds of money and financial assets?
I think this is a good question for economist experts.

for me, I think money will be anything the majority around the world will be willing to accept in exchange for something, money can be anything a group of individuals decides to call money, bitcoin is money because it's already been accepted in exchange for various things around the world.

[Raja das]

Bitcoin is not money. it is a digital currency for the internet.
It's used like cash by millions of people and machines around the world.
Bitcoin is used in business, online shopping, and others.

[Kensyin]

Bitcoin is almost the same function of digital money, but it is different from paper money that can be held in hand, just as gold is not money. But you can easily exchange all three. to be used as shopping or paying to make things more comfortable.

[LisaFi12]

As long as I can use Bitcoin for paying, I am fine with that. And that is possible with a lot of products, even ones where you do not think that it's possible. 

[MFahad]

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)

Fine, Bitcoin is not money. But you have also explain about it what it is Actually. We can call it is Digital Money. And its total number are 21,000,000 and in every coin has 100,000,000 pieces, and we call it Satoshi. Whenever we need money from bitcoin then we convert it into dollar and use it, Now you can't say that Dollar it not Money.

[Ridwan Fauzi]

Bitcoin is not money. it is a digital currency for the internet.
It's used like cash by millions of people and machines around the world.
Bitcoin is used in business, online shopping, and others.

Can you differentiate between money and currency? it's the same thing as far as I know.

The money has a function to make a payment system yet for the currency is used for payment system also.