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Author Topic: Is bitcoin money?  (Read 22125 times)

Offline Laslo

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Re: Is bitcoin money?
« Reply #135 on: June 06, 2019, 09:58:22 PM »
Yes, it is more than money!
Bitcoin is a payment system through which you can conduct operations with a given currency. Bitcoin is a new kind of assets that are presented only as records in a distributed database (blockchain) with a guarantee of immutability (protection from record falsification), transparent to all users and partially anonymous. In essence, this is a new form of world money, part of the "new economy" of the future.

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Re: Is bitcoin money?
« Reply #135 on: June 06, 2019, 09:58:22 PM »

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Offline Malam90

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Re: Is bitcoin money?
« Reply #136 on: June 07, 2019, 08:34:48 AM »
Though bitcoin has no formation like dollar, euro, pound , we can say it money .Actually we can use bitcoins as other currencies , but in general we don’t want to do that .May be its extreme volatility is responsible for that .For this voladility , people won’t want to take their salaries in the form of bitcoins .But the function of bitcoins is as same as money .

Bitcoin is not a real money. It is a digital currency. It can be said as a means of investment. Someone says "BTC is like gold". People don't want to take salaries in BTC for many problem of cashout from BTC in most of the countries.

Offline vegasus

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Re: Is bitcoin money?
« Reply #137 on: June 07, 2019, 09:24:44 AM »
Bitcoin is considered as digital money. However, it is different from currency or fiat. Bitcoin has a decentralized system, the value is volatile, and only a few industries that accept it as payment method. But, Bitcoin is very worthy to trade or invest, more than money.

Offline xeroz

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Re: Is bitcoin money?
« Reply #138 on: June 10, 2019, 12:03:34 AM »
Bitcoin is not money yet, but it seems like a digital asset for now. People mostly use Bitcoin for investment and trading. It is still rarely used for a payment tool.
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Offline biel2947125

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Re: Is bitcoin money?
« Reply #139 on: June 11, 2019, 01:43:26 PM »
is valuable, anything that has value can be money a car a precious pearl,
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Offline Prime

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Re: Is bitcoin money?
« Reply #140 on: June 15, 2019, 11:44:34 PM »
Bitcoin is one of the digital currency or digital money. However, money is usually used for the payment method in general. On the other side, Bitcoin is still rarely used for any transaction or payment method in all countries, only in several merchants. However, BTC is considered as a very precious digital asset, for investment, to earn more money and profits, as a result from long or short investment or trading.
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Offline Davitsvan

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Re: Is bitcoin money?
« Reply #141 on: June 16, 2019, 11:06:41 AM »
I do not agree with you that people do not want to take a salary in bitcoins,I know a lot of people who would not mind getting paid in cryptocurrency. I myself belong to such people. Also, I do not believe that bitcoin can be used as a means of calculation at the moment. I consider it as a means of accumulation and multiplication of my money in the future
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Re: Is bitcoin money?
« Reply #141 on: June 16, 2019, 11:06:41 AM »


 

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