Btc not money

[Rigon]

Bitcoin is not money but Bitcoin is digital currency.In one word we can call it digital currency.But with bitcoin you can convert your country's currency it is very easy.We especially use Bitcoin to convert to our country's money through various means.When Bitcoin becomes legal in all countries, we may no longer need to exchange these Bitcoins to fiat money.We can do bitcoin transactions directly then.

[budi691]

many people think Bitcoin is digital money but actually Bitcoin is only made into a digital asset, but that's not all true because many people use bitcoin to make transactions, meaning Bitcoin can be used as a tool or a substitute for paper money

[fuguebtc]

If so what about those countries that has bitcoin ATM machine, they withdraw and deposit through same machine. Can't we call it fiat?
Still physically spendable as fiat most of the restaurant, eatery and shopping mall accepted as means of exchange for goods and services so it can be considered as fiat

Bitcoin is the currency in those countries but it is definitely not fiat, fiat is created and controlled by the government, fiat can be printed by the government as much as it wants. But bitcoin is a digital currency, a new technology that is not controlled by any government and is managed by the entire community. Bitcoin is a currency, an investment. In short, it has all the conveniences that we need, it is like a versatile tool in our life.

[Devifajarina]

Both have the same function, which distinguishes the concept and rules that apply in their respective countries, all forms that can be exchanged and have value, it can be categorized in a means of payment, it's up to people who want to say money or not .
But of course, bitcoin has its own uniqueness, so that digital currency has grown so big and there are some countries that have been stuck to legalize as a means of payment in transactions

[Cryptomiles1]

If so what about those countries that has bitcoin ATM machine, they withdraw and deposit through same machine. Can't we call it fiat?
Still physically spendable as fiat most of the restaurant, eatery and shopping mall accepted as means of exchange for goods and services so it can be considered as fiat

Bitcoin is the currency in those countries but it is definitely not fiat, fiat is created and controlled by the government, fiat can be printed by the government as much as it wants. But bitcoin is a digital currency, a new technology that is not controlled by any government and is managed by the entire community. Bitcoin is a currency, an investment. In short, it has all the conveniences that we need, it is like a versatile tool in our life.

Ty
Btw, I clearly understand what you but though since you explain that is only currency in those countries but not fiat which is true. To me is still spendable irrespective that can not be withdrawn or seen as Fiat it uses the same quality and same value which can be massured as normal fiat.

[ethereumhunter]

There will be many pros and cons about whether bitcoin is a currency or not. Currency is a tool issued by the government of a country for trade and other purposes in the financial sector. But even though bitcoin is not a currency, many countries have recognized it so that their people can trade using bitcoin and using fiat or other methods. So if your country is allowed to use bitcoin as a means of payment, it means bitcoin is an option given by your government while your country has a fixed currency.

[Victorik]

You are correct. There's a partial ban on cryptocurrency in my country, but that hasn't made me stopped transacting in cryptocurrency. When I sell a particular token, I ensure that the buyer doesn't specify it as a cryptocurrency payment. So whoever wants to vet the account can't tell what the payment is for.

[lucates]

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.

In fact, bitcoin is not money. People believe it's a digital asset. And it's an evolution of fiat currencies and many think it's an opportunity, so they are ready to take that opportunity. And it's only a matter of time to accept the government or world leaders.

[Henrobakkara]

Btc is not money stop following your country rules and regulations u cant regulate something what doesnt exist.
Btc are digital the money is only when you sell or buy if fiat transactions involved then we talk about this fiat transactions and its no matter for what those transactions was.
Btc is just in the computer some digits and its not money neither stable coins not money.

Crypto is not money the money start with fiat currency.

If you have crypto 50$ and give to someone then he give u fiat then if its conducted by bank transaction then there is no need to mention even crypto becouse it could be same as you give someone money or you receive.

Yes there is some rules and regulations but its all nonsense.

Btc and crypto not MONEY its a private thing and everybody should deal with crypto same as they go to toilet nobody dont talk loud what they do in toilet so you should t share info of ur crypto either becouse its even dont existing in real life nowhere.

Yes there is laws and regulations but its all nonsense bs yes you have to follow this just keep your mind its all bs

Before going in on how Bitcoin is not money as you have done I guess you would have first tried to understand what Money is. money, a commodity accepted by general consent as a medium of economic exchange.
so if this means it has to be accepted by general consent as a medium of economic exchange, ...thus facilitating trade, and it is the principal measure of wealth even though it is just a piece of printed paper, hence Bitcoin as a digital Code that has been accepted by general consent as a medium of economic exchange and facilitating trade, and it is the principal measure of wealth by those that want, meaning it is Money in that sense to them. Other things have been accepted as money before now. Cowries, bronze coins, salt, etc. If you read a bit more from the linked article you would understand why Bitcoin can't be discounted as money.

[PrivacyG]

Before going in on how Bitcoin is not money as you have done I guess you would have first tried to understand what Money is. money, a commodity accepted by general consent as a medium of economic exchange.
so if this means it has to be accepted by general consent as a medium of economic exchange, ...thus facilitating trade, and it is the principal measure of wealth even though it is just a piece of printed paper, hence Bitcoin as a digital Code that has been accepted by general consent as a medium of economic exchange and facilitating trade, and it is the principal measure of wealth by those that want, meaning it is Money in that sense to them. Other things have been accepted as money before now. Cowries, bronze coins, salt, etc. If you read a bit more from the linked article you would understand why Bitcoin can't be discounted as money.

325btc can say whatever they want, Bitcoin is accepted as a currency and therefore it is a currency currently used worldwide in various places and for various services.  Hell, some companies pay their employees in Bitcoin.  Some people take Bitcoin loans.  Bitcoin is a medium of exchange since that pizza purchase back from a decade ago and whoever denies it either does not know what they are talking about or particularly want to sprinkle FUD around them.

-
Regards,
PrivacyG

[Falconer]

It is foolhardy to think that BTC is not money at this point, because everyone is using it that way. End of story.

Undeniable, but let them have an opinion.
I agree bitcoin is a currency although I can't use it to pay for anything in my country especially for goods or services. But out there people have clearly accepted bitcoin as a means of payment especially for countries that have legalized it, that's partly understandable.

It doesn't matter how similar/dissimilar it is to existing currencies, the fact that people are using it that way makes it a medium of payment.

I like that some people have different opinions about bitcoin, this will make the discussion more interesting but I never expected them to end up being a troll and hating bitcoin who are vengefully bombarding the forums with their hate. Although used as a means of payment, bitcoin is a valuable asset to trade. Some people think it is only suitable for trading and investing assets, but they forget about what we can do with bitcoin.

[fuguebtc]

Ty
Btw, I clearly understand what you but though since you explain that is only currency in those countries but not fiat which is true. To me is still spendable irrespective that can not be withdrawn or seen as Fiat it uses the same quality and same value which can be massured as normal fiat.

Yes, it is simply a way of calling each person. But I wouldn't be able to consider it fiat, because for me fiat is tied to the government and is a tool to control us, Bitcoin is also currency but it is not a government tool to control us.

Another difference is that fiat loses value over time and if you keep fiat as your currency, you will spend more money to buy something after a while, if using bitcoin, you may end up spending less buying the same product after a while.

[Marvell1]

It is foolhardy to think that BTC is not money at this point, because everyone is using it that way. End of story.

Undeniable, but let them have an opinion.
I agree bitcoin is a currency although I can't use it to pay for anything in my country especially for goods or services. But out there people have clearly accepted bitcoin as a means of payment especially for countries that have legalized it, that's partly understandable.

It was designed as a currency to replace fiat but people use it as an investment tool and this mindset has persisted and spread to this day.
If it is not currency then why so many countries and companies accept it as a means of payment. Why did people not use gold as a means of payment before, but now choose bitcoin?

Bitcoin is a currency but it is not a fiat currency as the government makes it, it is a decentralized currency and is used without anyone controlling it.

[gunhell16]

Btc is not money stop following your country rules and regulations u cant regulate something what doesnt exist.
Btc are digital the money is only when you sell or buy if fiat transactions involved then we talk about this fiat transactions and its no matter for what those transactions was.
Btc is just in the computer some digits and its not money neither stable coins not money.

Crypto is not money the money start with fiat currency.

If you have crypto 50$ and give to someone then he give u fiat then if its conducted by bank transaction then there is no need to mention even crypto becouse it could be same as you give someone money or you receive.

Yes there is some rules and regulations but its all nonsense.

Btc and crypto not MONEY its a private thing and everybody should deal with crypto same as they go to toilet nobody dont talk loud what they do in toilet so you should t share info of ur crypto either becouse its even dont existing in real life nowhere.

Yes there is laws and regulations but its all nonsense bs yes you have to follow this just keep your mind its all bs

if we look at the literal situation and physical aspect, Bitcoin and cryptocurrency are not real money, because it is an asset, and as others say it is a domain name and it is true. But why can Bitcoin be exchanged for real money? something surprising right? And why are there other merchants or big companies in different countries that accept bitcoin as a payment for their products?

Just like gold, it's not money, but it can be sold in exchange for real money, so it has value in the market. Bitcoin's situation is the same, it also has a market value that is higher than the value of Gold. The only difference is that Gold payment cannot be used via online payment, unlike bitcoin, which can be used. I hope you get the point of what I mean.

[KaliLinux]

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.

[darkangel11]

It's funny when people say bitcoin is something or isn't something. It's a new thing. It's like people who were used to wired phones were saying that wireless phones are not phones but radios becase they had more properties of a radio than a phone. It's all about the way you use things. If you sharpen a metal and use it like a knife it becomes a knife. You can use bitcoin like you use money and it becomes money.

[CaVO32]

It's funny when people say bitcoin is something or isn't something. It's a new thing. It's like people who were used to wired phones were saying that wireless phones are not phones but radios becase they had more properties of a radio than a phone. It's all about the way you use things. If you sharpen a metal and use it like a knife it becomes a knife. You can use bitcoin like you use money and it becomes money.

Anyway, I don't know where the OP is coming from. But he really posts a lot of nonsense things. Maybe he lost some of his money in buying btc or other alts. But if newcomers will read his post, it will give some sort of confusion to them. But if you want to get ahead of things, one should educate himself and read as much as he can to avoid misunderstandings in this market.

[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

[jaberwock]

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.

[Frengki_cisco]

Btc is not money stop following your country rules and regulations u cant regulate something what doesnt exist.
Btc are digital the money is only when you sell or buy if fiat transactions involved then we talk about this fiat transactions and its no matter for what those transactions was.
Btc is just in the computer some digits and its not money neither stable coins not money.

99% of crypto users know that, no one considers Bitcoin a legitimate currency, Bitcoin as we understand digital currency, meaning digital-based internet, I think only countries are too ambitious to do something about Bitcoin, the fact is exactly what you said.