Is BTC really a currency?

[ambar33n]

Compared with regular money, backed by governments and issued as legal tender when needed, bitcoin is not under any central authority and its supply has a fixed, mathematical ceiling.

[Nanagyasi]

It is designed to be a currency though it hasn't been globally accepted. It is still very young and we hope to see it globally used as a currency. However, some believe it is worth more an asset than a currency.

[ambar33n]

It is designed to be a currency though it hasn't been globally accepted. It is still very young and we hope to see it globally used as a currency. However, some believe it is worth more an asset than a currency.

And many things can already be bought from cryptocurrency. it may be a currency and may be used a an asset too idk

[Mbah Jenggot]

Compared with regular money, backed by governments and issued as legal tender when needed, bitcoin is not under any central authority and its supply has a fixed, mathematical ceiling.

In my opinion BTC is crypto currency, It is nor real money. Bitcoun is digital money and payment system.

[ambar33n]

Compared with regular money, backed by governments and issued as legal tender when needed, bitcoin is not under any central authority and its supply has a fixed, mathematical ceiling.

In my opinion BTC is crypto currency, It is nor real money. Bitcoun is digital money and payment system.

Yes bro it is digital money, but do you think it can take place of fiat money at any point?

[rizqillah]

Compared with regular money, backed by governments and issued as legal tender when needed, bitcoin is not under any central authority and its supply has a fixed, mathematical ceiling.

Yes,  Bitcoin is digital currency, But is not real money. It is.the future technology. It will be needed in the future

[cryptosine]

I don't know if it's a currency if people uses it, I believe it is an asset. A great asset may I add. That's the best thing about digital currency, you don't need a bank to control your money, there's drawback of course but come on, the generation now is progressing, there's a huge possibility that crypto like btc and any other altcoin will be the future currency.

[ambar33n]

IT IS being used as currency.
and its new now, drawbacks would be fixed in future hopefully.

[Alcor]

Compared with regular money, backed by governments and issued as legal tender when needed, bitcoin is not under any central authority and its supply has a fixed, mathematical ceiling.

According to the current general ideas about currency, bitcoin to it can not apply, since it does not have for this many signs that the currency should possess. Another centralized national currency can be recognized as currency, however bitcoin and other decentralized crypto currency are unlikely. Most likely, the most appropriate definition for it, which will stop states when legalizing, is a digital asset.

[sugarchrisp]

It can't really be used as a currency because the price is too volatile.  I can't see retailers tolerating that for very long, since they're pretty much going to have to adjust their prices constantly.

[Nur sarimbit]

if I think bitcoin has become a currency gan. especially in countries that already join and Receive bitcon. such as Japan Korea and Germany. but if in Indonesia still not considered as paper currency .

[victorianomojica]

Bitcoin is the hot new trend on many news feeds these days. After a stunning rise in its value this year, the cryptocurrency has garnered attention from nearly every sector. New crypto hedge funds are popping up, with powerhouse firms like Andreessen Horowitz, Founders Fund, Sequoia Capital giving backing.

Substantial names in financial advising and research are also backing Bitcoin.

[ambar33n]

Compared with regular money, backed by governments and issued as legal tender when needed, bitcoin is not under any central authority and its supply has a fixed, mathematical ceiling.

According to the current general ideas about currency, bitcoin to it can not apply, since it does not have for this many signs that the currency should possess. Another centralized national currency can be recognized as currency, however bitcoin and other decentralized crypto currency are unlikely. Most likely, the most appropriate definition for it, which will stop states when legalizing, is a digital asset.

BUT you know some have made it their currency? NOT BTC, but a cryptocurrency, like Marshall Islands.
maybe there is something more from this to offer than we know yet.. what say!?

It can't really be used as a currency because the price is too volatile.  I can't see retailers tolerating that for very long, since they're pretty much going to have to adjust their prices constantly.

Real Estate can already be bought throught BTC, and who knows soon enough shopping bills could be paid through this..

if I think bitcoin has become a currency gan. especially in countries that already join and Receive bitcon. such as Japan Korea and Germany. but if in Indonesia still not considered as paper currency .

omg tell me more about Japan and Korea, can anything be bought from this, and transactions would be way easier and everyone must know about already, like I said earlier in another thread that it is very important for our youth to know about it and learn more at that age.

Bitcoin is the hot new trend on many news feeds these days. After a stunning rise in its value this year, the cryptocurrency has garnered attention from nearly every sector. New crypto hedge funds are popping up, with powerhouse firms like Andreessen Horowitz, Founders Fund, Sequoia Capital giving backing.

Substantial names in financial advising and research are also backing Bitcoin.

Yes I'm still not really sure if it will be good news if it gets to be used as currency or a bad news. meh!!

[kurapika]

It was designed as a digital currency for P2P payment system without the use of middleman or the banks and it's decentralize with no central authority. Due to being a decentralize people are holding their bitcoin in hopes that the price of bitcoin will skyrocket in the future due to limited supply. Although bitcoin has not reach it's adoption of being a currency but you can find some establishment that will accept bitcoin as payment.

[ambar33n]

yes I have also bought a flat with BTC, but it is still not being used as proper currency, only a few companies offer this.
and maybe in future others may also allow,