Btc not money

[CPNpr]

In fact, Bitcoin will be regulated according to how people use it or how the management favors it. But if you use Bitcoin as a source of income then you can earn a lot And if you are a bitcoin investment type then surely you will get big money from here.However, the direction I will give you is that you have to accept it. There are more senior brothers and you should follow their suggestions. In my opinion it will be the best way you invest in Bitcoin I think

I think bitcoin if we invest now then when the price of this provision increases then we can get a lot of profit from here later that's why we have to invest now if we invest now then we will get double profit later that's why we invest now  will do

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[Inwestour]

Yeah, it's a currency but sadly many people don't use it just like that but they use it to make more money in the form of trading, investing and gambling. Btc has an advantage over fiat but it also has disadvantages so don't say that btc is more better than a fiat.

Fiat may not have that asset ability like a btc but you can also use it to make more fiat like if you lend your money and charge them an interest and other fees. You can also put your fiat on the bank or on some digital wallets as savings to be able to receive some profits. Our modern world now has full of crises and one of the major crises is inflation. Btc can be a good solution for this.

Bitcoin's deflationary model is great for fighting inflation. So far, bitcoin is very volatile and this scares off many, but those who understand its advantage can take advantage of this while such an opportunity exists. Bitcoin is currently one of the most accessible assets that you can simply buy and hold and be sure that the investment will bring good profits in the future.

[andriarto]

Yeah, it's a currency but sadly many people don't use it just like that but they use it to make more money in the form of trading, investing and gambling. Btc has an advantage over fiat but it also has disadvantages so don't say that btc is more better than a fiat.

Fiat may not have that asset ability like a btc but you can also use it to make more fiat like if you lend your money and charge them an interest and other fees. You can also put your fiat on the bank or on some digital wallets as savings to be able to receive some profits. Our modern world now has full of crises and one of the major crises is inflation. Btc can be a good solution for this.

Bitcoin's deflationary model is great for fighting inflation. So far, bitcoin is very volatile and this scares off many, but those who understand its advantage can take advantage of this while such an opportunity exists. Bitcoin is currently one of the most accessible assets that you can simply buy and hold and be sure that the investment will bring good profits in the future.

In contrast to current fiat currencies which continue to experience inflation, bitcoin was actually created as a currency at first, but because it is difficult to coexist or replace fiat currencies, and because it fluctuates, many people buy it as a long-term asset, and to this day still do. many governments have not approved bitcoin as a legal tender, for many reasons. and I think the main role is with the government if you want it as a means of payment

[Pierre 2]

Bitcoin as in its nature was invented as currency. But in time we went through it became pioneer of whole new crypto industry. It was discriminated a lot by governments because they didn't want Bitcoin to become alternative to their fiat currency in a country. Even USA was worried about Bitcoin in past.
So its hard for it to become universally accepted currency. But in long run it showed its potential so now everyone agrees its important part of financial markets.

[wahyuagung26]

Yes, Bitcoin is a digital asset just like a comment, domain name, picture, etc.

It's just code or encrypted text. What you pay to own a piece of the blockchain is pure speculation.

Yes you are right, Bitcoin is not money, if you think so I think the same as Gold, Gold is also not money but an asset that is very valuable or very valuable. and similarly Bitcoin is a very valuable asset even the value and quality level is very good and quite high, the only difference is that Bitcoin is said to be a digital asset, but that does not mean it is money, and if you say that Bitcoin is not money there may be no payment which will accept Bitcoin as a means of payment (only in countries that legalize it, and companies that give it permission).

And not only that, Bitcoin will also be able to be exchanged into paper money, and this depends on someone who wants to exchange it either in USD ( $ ), or other currencies, depending on where one's country comes from.

I really think of Bitcoin as a digital asset that I can use for multiple functions, both from making payments, transactions (either general transactions or transactions between Crypto holders), and if I want to hold it in the form of paper money I only need to exchange it into the country's currency I.

[8rch7]

If you say bitcoin is not offline money I totally agree, but if you just say bitcoin is not money there will definitely be pros and cons, because basically bitcoin is a decentralized currency, can be used anytime and anywhere we need, while FIAT currency is a currency legalized by the government, in fact every country must have a different currency, while bitcoin in any country remains the same nothing has changed, because bitcoin is a digital currency that is created and stored digitally, does not have a physical form like currency authorized by the state.

[tomos81]

In fact, Bitcoin will be regulated according to how people use it or how the management favors it. But if you use Bitcoin as a source of income then you can earn a lot And if you are a bitcoin investment type then surely you will get big money from here.However, the direction I will give you is that you have to accept it. There are more senior brothers and you should follow their suggestions. In my opinion it will be the best way you invest in Bitcoin I think

I think bitcoin if we invest now then when the price of this provision increases then we can get a lot of profit from here later that's why we have to invest now if we invest now then we will get double profit later that's why we invest now  will do

In the past, the price of Bitcoin has been very high, but since then it has dropped to the lowest level due to massive dumping. That's why I think it's the right time to invest in Bitcoin or any good platform So now is the right time to invest. However, it must be said that there is a high probability that the price of Bitcoin will definitely increase in the future.

[Coin BTC]

If you interpret and understand paper money it may be true what you say, that Bitcoin is not money, actually Bitcoin is money in the form of digital assets or a number that is very valuable, but it is not certain in value / according to market conditions, so far I know Bitcoin I think is a very valuable asset.

[wiss19]

Bitcoin is a digital money that can be use to purchase things just like the fiat. Bitcoin as money is more better than the fiat currency,  the only features fiat has is to buy goods and services,  but apart from buying goods and services Bitcoin can be invested to generate profits . Bitcoin is a good investment in our modern world.

Yeah, it's a currency but sadly many people don't use it just like that but they use it to make more money in the form of trading, investing and gambling. Btc has an advantage over fiat but it also has disadvantages so don't say that btc is more better than a fiat.

Fiat may not have that asset ability like a btc but you can also use it to make more fiat like if you lend your money and charge them an interest and other fees. You can also put your fiat on the bank or on some digital wallets as savings to be able to receive some profits. Our modern world now has full of crises and one of the major crises is inflation. Btc can be a good solution for this.

That's because people do not understand what kind of power we would have if we were to only manage to use it as a currency. That doesn't mean that we should not be using it as an investment neither because we can use it that way and it would stay great.

However, if we want bitcoin to be fully utilized and taken advantage of then the best thing to do would be to start using it as a currency all around the world. This would allow whole globe to get closer to each other and even better than paypal as well. Hence, it's going to be a bit of a trouble for "some" people to make this switch since it's not easy to get PC or smart phones in some regions, but it's doable.

[Artem Sereda]

If sellers accept bitcoin, then it is still money.

[GxSTxV]

What’s the difference between bitcoin and money if both are valuable? Before money people they use food and useful tools to do transactions and exchange things for example someone has apple farm he can exchange it for bread with another person until money was invented and made life easier for most of people that’s why everyone accepted it. For me i see bitcoin now as a new version and an update of money and way better than money. You can use it as money and also as investment.

[yohananaomi]

If you interpret and understand paper money it may be true what you say, that Bitcoin is not money, actually Bitcoin is money in the form of digital assets or a number that is very valuable, but it is not certain in value / according to market conditions, so far I know Bitcoin I think is a very valuable asset.

of course if they understand, no one will say that bitcoin is paper money but it is true what you say that it is a digital asset just like any other asset in a different form (forex, house, car, gold) but still valuable and can be sold buy it, it can even be converted into paper money as desired, but indeed the price varies according to the circumstances at that time.
bitcoin is an asset that is currently highly sought after because its price is able to increase high compared to existing assets that have been in effect so far.

[Tony116]

in my country it is forbidden to consider bitcoin as a currency and I must obey the law, bitcoin can only be used as a digital asset, but bitcoin can also be used as a means of payment such as buying a domain and hosting, I usually use bitcoin to buy a domain and hosting , you are right for now bitcoin is not money but we don't know in the future

Bitcoin is forbidden in many countries ‍as well as allowed in some countries. Just look about one country India which is the potential country especially in crypto currency. Where Crypto curreny is legalized with the stipulation that it can be invested only for commercial purposes. There investment is legal but there is no legal tender. Whatever one says, today or tomorrow it will act like a currency and be used as a world digital currency with the fiat currency.

I really don't think that Bitcoin is forbidden in many countries as you claim, however, using just one country India to justify your claim, just because Bitcoin is not seen as a legal tender does not mean it is not a currency. I believe this is the other aspect of the issue where most get it wrong thinking that Bitcoin has to be proclaimed a legal tender before we can see it as being legal or a currency. However, if OP was referring to money in the physical sense, then no but Bitcoin has and still doing everything fiat money does within the jurisdiction of those that accept it.

Ignore government approval and stick to the concept of what money is, clearly bitcoin is an even better currency than all the currencies in circulation in the world.

The biggest barrier that makes bitcoin not an official currency is the government, they don't want to recognize it as a currency because they are not the creator of it and can't control it. But I predict bitcoin will become an additional means of payment besides fiat money, with the popularity and outstanding benefits of bitcoin, it is certain that it will soon become a payment method in many parts of the world.

[Awwal08]

in my country it is forbidden to consider bitcoin as a currency and I must obey the law, bitcoin can only be used as a digital asset, but bitcoin can also be used as a means of payment such as buying a domain and hosting, I usually use bitcoin to buy a domain and hosting , you are right for now bitcoin is not money but we don't know in the future

Bitcoin is forbidden in many countries ‍as well as allowed in some countries. Just look about one country India which is the potential country especially in crypto currency. Where Crypto curreny is legalized with the stipulation that it can be invested only for commercial purposes. There investment is legal but there is no legal tender. Whatever one says, today or tomorrow it will act like a currency and be used as a world digital currency with the fiat currency.

I really don't think that Bitcoin is forbidden in many countries as you claim, however, using just one country India to justify your claim, just because Bitcoin is not seen as a legal tender does not mean it is not a currency. I believe this is the other aspect of the issue where most get it wrong thinking that Bitcoin has to be proclaimed a legal tender before we can see it as being legal or a currency. However, if OP was referring to money in the physical sense, then no but Bitcoin has and still doing everything fiat money does within the jurisdiction of those that accept it.

Ignore government approval and stick to the concept of what money is, clearly bitcoin is an even better currency than all the currencies in circulation in the world.

The biggest barrier that makes bitcoin not an official currency is the government, they don't want to recognize it as a currency because they are not the creator of it and can't control it. But I predict bitcoin will become an additional means of payment besides fiat money, with the popularity and outstanding benefits of bitcoin, it is certain that it will soon become a payment method in many parts of the world.

I agree with all what you said is the best of all among the other currency. The government is not happy because they can not control the wealth of their citizens. Not like fiat currency, Bitcoin is a free access to anyone who has money. I am really waiting for bitcoin to overthrow all currency of the world.

[bitzizzix]

Yes, bitcoin is a cryptocurrency, a form of electronic money. Bitcoin is a decentralized digital currency with no central bank or single administrator intervention that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries and without paying any transaction fees.
and anything that has a scarcity of supply and demand can be considered money, bitcoin has all this and more.

[poldanmig]

I agree with all what you said is the best of all among the other currency. The government is not happy because they can not control the wealth of their citizens. Not like fiat currency, Bitcoin is a free access to anyone who has money. I am really waiting for bitcoin to overthrow all currency of the world.

Bitcoin does have many advantages over fiat currencies including that it cannot be regulated by any government, but to overthrow the fiat currency is clearly an impossible thing for bitcoin to do because after all fiat currency is an important requirement in a country, so it is unlikely that bitcoin will completely replace it the role of fiat money, I personally might see that bitcoin will be transformed into one of the global currencies side by side with fiat currency and of course it will not be separated because of the possibility that both will support each other in the future.

[Note3]

The government is not happy because they can not control the wealth of their citizens. Not like fiat currency, Bitcoin is a free access to anyone who has money. I am really waiting for bitcoin to overthrow all currency of the world.

And one more reason why the government tends to not like bitcoin because they always consider it as a competitor for theirs fiat no one likes to be rivaled.
That's why they always take steps to slow down or if possible stop its uses because if Bitcoin continues to develop its use can defeat Fiat in the transaction in the future

[Lida93]

The question is, what then is money?
Cause there's precious metals such as gold, silver etc, and these are all value attributed objects, that were been used as means of exchange in form of coins back in those years of old, and later paper, what I would called special papers where introduced and attributed value to it in different amount. Yet they could be referred to as anything but it's money cause the value of exchange has been given to it.

In same way btc has exchange value, store of value etc, so actually it can be referred to or called money irrespective of what ever professional register of word given.
BTC is money!

[TribalBob]

......... I am really waiting for bitcoin to overthrow all currency of the world.

are you sure about this, whether the country will approve / recognize it as a currency, it is impossible for bitcoin to overthrow all world currencies,
bitcoin is not like fiat which is needed in every country and all walks of life,
sorry bitcoin if in my country only certain people know about this, and they don't care about bitcoin but they are hard to find out what bitcoin is and its advantages, because they are very sensitive to the name money more trust in fiat

[8rch7]

As you said it makes a lot of sense, because FIAT money is just a piece of paper, while gold is just a yellow metal, but all of that becomes valuable when many people want these items and depend on them to live, like people depend on living with FIAT currency. , actually bitcoin is a digital currency created by Satoshi in 2009, it is true that bitcoin has not become a legal tender in most of the world, but the emergence of bitcoin can be an attraction in itself to make a promising investment asset, but to make bitcoin as a legal currency is definitely very difficult to happen, because bitcoin is strongly opposed by the government.