Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: vaniosetiawan on September 26, 2018, 06:55:04 PM
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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 .
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Yeahh it is money but not the usual money you might be used to. bitcoin is a digital currency but currently can be exchange for fiat currency.
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it can also be said that bitcoin is a tool for investment that we can take at any time when we feel it is profitable
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Bitcoin in my opinion is a means of payment and money in particular. Now bitcoin as the main crypto currency, which keeps all the altcoyins. This is the asset that every self-respecting investor should have
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yes of course bitcoin is money ,what ever particular things you earn that's money.example i have a properties informed of housing , its money yes i can sell it in exchange of money . so ite same of bitcoin we can sell it in exchange of flat currency
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I think bitcoin is a digital currency, which is currently used as a tool to invest, they invest their assets in the form of bitcoin ..
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Bitcoin is a digital currency because it has the same function as money. Bitoin can be used as payment for goods or to hire employees in a company. That's why bitcoin is often referred to as electronic money.
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Bitcoin is not money but most likely an asset. After all, when the price of low people does not particularly want to spend it, so at such a time it will not be desirable for you to pay for goods or services, it will be convenient for you to pay when the price is higher, but this may not be timely, which is why you can not consider bitcoin as money, rather it is like an asset, with the function of money more similar to Stablecoins.
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Bitcoin is a digital currency because it has the same function as money. Bitoin can be used as payment for goods or to hire employees in a company. That's why bitcoin is often referred to as electronic money.
I agree with you and Bitcoin is also used by me to trade at Bittrex and Binance for profit.
Bitcoin is Asset dan Bitcoin is Money .
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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 .
I think Bitcoin is digital money. It is the future currency. It will be more popular at the future.
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Yes bitcoin is really very valuable in my life. Because besides my studies I support my family with bitcoin earning money.
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Bitcoin is a payment other than money in making transactions. Many companies accept and use bitcoin as payment other than fiat money. You can see in countries that have legalized bitcoin already have bitcoin atm machine. Residents do not have to carry cash wherever they want to shop.
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bitcoin is certainly money, despite its price, it can be considered a single currency,which is also international
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Bitcoin is not a money but it is a form of money that can turn into actual money or your actual money into bitcoin value if you invest in bitcoin. Bitcoin can be alternative to fiat if the place or business accepts bitcoin.
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Bitcoin is a digital form of money, and its function is the same as paper money and can be used as a payment instrument that is permitted in some countries, besides that Bitcoin can also be a promising investment asset.
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Very good statement from you. Indeed, the function of Bitcoin is actually the same as ordinary money. But Bitcoin tends to be universal. Any currency can buy Bitcoin. For that, bitcoin itself can be exchanged for any currency. It can be used directly as a means of payment or transact with other people. because it's the goal of Bitcoin like that.
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Definitely no. It is only a digital currency created as a replacement of money, which is use as a mode of payment in buying commodities, paying bills and services. Bitcoin cannot be called as money because it has no physical appearance and it is not regulated by governments.
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bitcoin is a digital currency but can be exchanged with fiat and bitcoin currencies can also be said as a tool for investment that we can take at any time when we feel it is profitable. besides that bitcoin has the same puncture as money that can be used as a payment tool to hire employees in a company. that is why bitcoin is often referred to as electronic money. so I think bitcoin is an asset and bitcoin is a currency
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bitcoin is in the form of digital currency and its function is the same as banknotes and can be used as payment for employing Kariawan by companies that are allowed by only a few countries besides that bitcoin can be an investment asset that can be profitable
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Partly of it is money, but most of the bitcoin uses for today's ecosystem is more about on investment. It is something which has value and a great prospect to earn huge money. The evolution of bitcoin was cause by investors that believe the coin is a tool/product that that represent investment that would give huge return of money in the long term action. I myself believe that the cling to the investment side of bitcoin was a good outcome of its usability in the community.
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in my opinion, bitcoin is not like a dollar or something. As I know, bitcoin has the same function for a bitcoin transaction as for example digital gold where prices can change at any time ..
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this makes people think why people like to choose bitcoin, the answer is easy because bitcoin has special features compared to other currencies. Because prices have a fast change, that's why bitcoin is an influential cripto ..
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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 .
Yea bitcoin is money. If you need money you can easily convert it in your country money.
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The purpose of bitcoin is for money but in the reality bitcoin is considered as digital comodities, bitcoin is still not popular to be money and be used by all of people around the world. Maybe it will takes couples year later for bitcoin to be money, however bitcoin is just the beginning in the world and we know must there are processing until bitcoin to be money.
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The function of bitcoin is the same as money. Bitcoin can be used to make payments. Even if your country has accepted and legalized bitcoin as payment, you can also take salary in the form of bitcoin. But this is actually the digital currency and not all payment can use this. This is a great currency for investment actually.
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For me, bitcoin is money, but now, it's only available on the internet but I can convert bitcoin to fiat, and I can buy something. I think bitcoin can be real money in the future especially if all countries can accept bitcoin as a new payment system. I guess that we will see this in the future especially if all people can easily access and use bitcoin without worry about breaking the law.
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In my opinion, Bitcoin is full-value money. Because in many countries, people pay in stores. Buying home appliances. Bitcoin and cryptocurrency have long been beginning to change this world.
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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 .
Of course , bitcoin is digital money. It is fiod for investment. But at several countries ban bitcoin. Bitcoin will be money at the future. I believe it.
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Bitcoin is not a legal tender but people still use it to make payment and purchases. It is the internet money
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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 .
I think Bitcoin is currency, It is not money. Maybe at the coming It will be money.
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Actually Bitcoin is a different currency with any currency here. Bitcoin has a lot of features compared to fiat money like dollars, rupiah, euros, pounds. We can use Bitcoin in all countries in the world, so he is different from other currencies. On the other hand, when trading using Bitcoin, it will be more economical than having to use a third party like a bank in a transaction.
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Bitcoin it self also includes money, but digital money. Bitcoin can be used as digital money anywhere and anytime in the world. Bitcoin can also be exchanged for prices with fiat money, whether it is exchanged into dollars, euros, pounds or Rupiah. The trade will remain the same and cannot be changed. Bitcoin is the same function as Gold, but is different in the world.
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It is money in terms of doing transaction of exchange from crypto to goods. Money is the means of peoples paying system and we can do it through crypto(Bitcoin) specially those countries that recognized bitcoin.
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Bitcoin coins are not the same as what you mentioned above, but bitcoin has the same function for transaction media but bitcoin has a graph that benefits its users .
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Bitcoin money is universal money and is used by all the world community as internasiolan digital money. So Bitcoin functions almost the same as dollars, which can be exchanged for all types of currencies in each country. But the advantage of Bitcoin is that the increase will occur every year, while the dollar is not like that, depending on the country that uses it.
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It is not money in actual thinking but it is a digital money. Bitcoin can be use in any payment as long as the stores, companies, malls adopted cryptocurrency. The government did not yet totally recognized this new form of business that can be done through internet connection.
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I think, bitcoin is not money but bitcoin is a digital currency. But it has the same puncture as money. because bitcoin can be used to trade on bittrex for profit. besides that, bitcoin can also be used as a payment tool to hire employees in a company. and that is why bitcoin is often referred to as electronic currency. and will be more popular in the future
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Of course,Bitcoin can also be called as money because this has been used by many payments and billing transaction but this currency is different from dollars,Euro,Yen etc.
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indeed the same as the bitcoin currency with cash, but only slightly different because the bitcoin currency can be exchanged in any currency and the price is also up and down this is why many people want their salary to use bitcoin currency .
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Although Bitcoin is created as a form of digital currency, it is definitely not a money. In September 2015, the Commodity Futures Trading Commission (CFTC) in the United States officially designated Bitcoin as a commodity. In my own opinion, i still believe that bitcoin is an asset. It is a very interesting investment choice to store for a future immense wealth.
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It is a digital currency, but It is not fiat. It will become the payment instrument and it brings a simplicity in paying or transaction system. Bitcoin sometimes has a similar function like money, but it is not real money (fiat).
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Definitely it can be said that bitcoin is money. For him actively bought and sold real estate, cars. I think that Bitcoin’s development will not stop there and it will go further.
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Bitcoin is digital money for all groups of people and all countries in the world. So we can buy Bitcoin in any form of currency. So the conclusion is that bitcoin is international money in the form of digital. Its function is the same as the dollar. But the difference is the higher price of Bitcoin than the dollar.
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Of course ... Bitcoin is a digital form of money, which is very useful for users.
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Bitcoin in my opinion is a means of payment and money in particular. Now bitcoin as the main crypto currency, which keeps all the altcoyins.
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if I think that bitcoin is still not accepted as a legitimate currency in some countries. but we can use bitcoin to buy things that we want and can realize all the dreams of my life bro .
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I do not think that bitcoin will become a legitimate currency in a country but bitcoin is able to make people become a currency for a need. Bitcoin is not a currency but a money asset that can develop ..
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Yups, bitcoin is money in digital form. Because the purpose of bitcoin was created is as an easy, cheap and fast payment system. In addition, bitcoin is digital money that can solve problems that cannot be done by fiat money.
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Economists define money as a store of value, a medium of exchange, and a unit of account. According to The Economist in 2014, bitcoin functions best as a medium of exchange.However, this is debated, and a 2018 assessment by The Economist found that cryptocurrencies met none of these three criteria.
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Yes, bitcoin is real money because one can exchange BTC for USD at the exchanges and liquidate from any country or can be transferred from one country to another just like other fiats that can be transferred to other countries as a means of payment for goods and services. Btc is the new era of money that is poised to take over the financial industry.
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As far as I know, some people prefer to call bitcoin as investment. The price can go up and down, It is also very unstable and volatile. This is the reason why It is not suitable to call as money. But I am okay if people call it as digital money.
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I think Bitcoin is a digital currency because it has the same function as money. Bitoin can be used as payment for goods or to hire employees in the company. That's why bitcoin is often referred to as electronic money.
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As far as I know, some people prefer to call bitcoin as investment. The price can go up and down, It is also very unstable and volatile. This is the reason why It is not suitable to call as money. But I am okay if people call it as digital money.
Bitcoin is a digital crypto currency that is normally used for investment and for different kinds of gaining in the crypto feild. And we can also convert is into fiat , so then I believe that bitcoin can be called money because we can change or maybe convert it into real money anytime anywhere.
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For now, it's not considered as money, I think. Bitcoin is used to exchange for real money (fiat) via their value which decided by the market.
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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 .
Agree, although bitcoin can be easily exchange into fiat but people still afraid to keep their money in the form of bitcoin because of its volatile characteristics that may cause of losing their money.
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It is certain that Bitcoin is Money because there is a lot of money circulating in Bitcoin.
Bitcoin is the king of cryptocurrency and a lot of people exchange FIAT with Bitcoin.
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For my own opinion bitcion is like a money because bitcion is using for transaction payment and other services payment. even the bitcion is a digital currency but it's using like a money that we used in our daily lives
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I think this will not happen yet in the near future eventhough bitcoin or other alcoins are already accepted in some countries. The awareness about cryptocurrency is not yet that widespread that people or government will trust all transactions on it.
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If we are to be precise about a definition, for something to be used as money it should hold the following properties:Scarcity. There needs to be a finite supply so that the currency maintains its value. There will only ever be 21 million bitcoins, no person can create more bitcoins. This is a rule which is baked into the bitcoin network, and has a very high degree of security.
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I think bitcoin is a digital currency, which is currently used as a tool for payment and also for investing, therefore many of them invest their assets in the form of bitcoin ..
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Bitcoin is a digital currency that is now again famous. The function of bitcoin itself is not only as a currency but also for investment for the long term, especially limited supply of bitcoin will make the price rise fast.
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Bitcoin is a digital currency that is now again famous. The function of bitcoin itself is not only as a currency but also for investment for the long term, especially limited supply of bitcoin will make the price rise fast.
Indeed bitcoin is consider as currency than money because it is still not used as payment system around the world, bitcoin is still used as instrument of investment than payment system. However bitcoin will takes long time up to be money because still there are many people who don't know about the bitcoin and any other cryptocurrencies, they still don't understand about cryptocurrencies and benefits on it.
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Bitcoin is not actual money rather it is a digital money that can send anywhere everywhere as long as internet is there. It can be use as payment to the businesses that accepts bitcoin. Maybe few years from now bitcoin will be declare as money.
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Actually Bitcoin is a currency too. But digital currencies that can be used in all countries in the world and can be accepted by all people in the world who play them. I don't think it needs to be refuted if Bitcoin can also be exchanged for Dollars or other currencies. Because there must be.
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bitcoin is more familiar when used for investment because its value is very good and provides considerable profit. if it has to be said as a currency, I still doubt because the legality of many countries has not permitted and also the fluctuation value is difficult to become more stable
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Bitcoins are stored in a “digital wallet,” The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money.
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Yes, bitcoin is money, but bitcoin is not ordinary money that you might use. But bitcoin can be used as a payment tool and besides that bitcoin is a digital currency but now it can be exchanged for fiat currencies.
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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 .
Yes , I think Bitcoin is money. It is virtual money. It will be more popular and be needed at the coming future.
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Your financial institution may only required to keep 10% of its deposits on deposit. In some cases, it’s less. Creation of Bitcoin is as different from bank funds’ creation as cash is from electrons. It is not controlled by a government’s central bank, but rather by consensus of its users and nodes.
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Bitcoin is a digital currency which you can convert into a real money. Everything you will be doing with regards to bitcoin will be convertable to money.
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Bitcoin is money which only exist in virtual network. Bitcoin has value thus it has similarities with money. Someone can purchase using Bitcoin, exchange it to other currency just like fiat money and accessible to anyone just like a normal money.
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I think Bitcoin is a digital currency because it has the same function as money. And also Bitoin can be used as a means of payment for goods or to hire employees in the company. That's why bitcoin is often referred to as electronic money.
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I call it bitcoin is money because it has an exchange rate and can be traded and this is important to understand, but some countries still refer to them as digital assets not money because there are no regulations or certain rules that legalize other bitcoin and crypto as money
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bitcoin, digital currency, and also a better way you can get better profits, because seeing the price of bitcoin every day also increases.
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Over time, more and more the name of the digital currency. Hopefully the more new coins appear, the more bitcoin will develop and can rise higher. Although many countries prohibit digital currencies.
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Bitcoin is a digital currency because it has the same function as money. Bitoin can be used as payment for goods or to hire employees in a company. That's why bitcoin is often referred to as electronic money.
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Bitcoin is a digital currency based on blockchain technology. It is like dollar(in terms of generally accepted/converted to all type of native currency), but mainly as an internet money. Its transactions cannot be traced, which keeps all transactors/transactions anonymous.
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in my opinion bitcoin is a digital currency or electronic money and can function as a means of payment. Now bitcoin is becoming the main crypto currency, which stores all altcoins. This is an asset that must be owned by every self-respecting investor
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Bitcoin can be said as money in digital form, its use has its own rules and we can use it for transactions in certain places because not all places accept bitcoin.
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Of course bitcoin money is real that is many people around the world will trying to joined this kind of programs which is be a next part of job instead of doing any particular mindset but bitcoin is a big helped for us to the bounty those need and oppurtunity of income net.
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I think, bitcoin can be said as money because we can make payments with bitcoin and bitcoin is a digital currency that is currently becoming increasingly popular and is widely used in several places
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Without a doubt, it can be said that Bitcoin is a means of payment, but rather digital money. True, it has recently been used more as an investment.
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More precisely Bitcoin is an asset.
Assets that are valuable and difficult are valuable for some people, if they are patient for HODL and are good at trading Bitcoin, then we will get money.
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Bitcoin is money for the internet. It is a scarce digital commodity used as cash by millions of people and machines around the world. So yes it is money.
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I think we base this in turn on the assumption that for something to be used as a store of value it needs to have some intrinsic value, and if bitcoin does not achieve success as a medium of exchange, it will have no practical utility and thus no intrinsic value and won't be appealing as a store of value.
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According to me Bitcoin is money that is intangible.
Bitcoin does not have physical forms such as gold and USD in the form of paper money.
But Bitcoin is only a set of letters and numbers that have currency values.
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Bitcoin is indeed called money. but the designation is only for Crypto which can be called digital money like Bitcoin. I think the main purpose of forming Bitcoin is to replace real money or fiat money used by the world community to become Bitcoin digital money. That's the most wanted by Bitcoin to date.
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Bitcoin is an asset which can be converted into the money according to the price level. Yes, it is traded against the dollar on the market with huge volumes. Most of the people use this coin for the trade purpose in order to make profits through it. Thanks!
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Yes its not a real money but BTC lovers believes its a digital money and one day all over the world accept it which saves our time and risk. True things is we can convert it into real money.
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For me bitcoin is money as long as you are able to use it to purchase goods and services. The volatility of cryptocurrencies is the one thing that is keeping general adoption away and allowing people with the fiat printers to badmouth crypto currencies.
As soon as volatility decreases (if it will decrease) we can expect a much wider adoption
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For me bitcoin is money as long as you are able to use it to purchase goods and services. The volatility of cryptocurrencies is the one thing that is keeping general adoption away and allowing people with the fiat printers to badmouth crypto currencies.
As soon as volatility decreases (if it will decrease) we can expect a much wider adoption
Well, that's the reality for bitcoin. It depends on the function of our own to use it. Regarding crypto volatility, I think it's part of art and for me it's something extraordinary and makes me curious. Thanks.
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Bitcoin can be said as money in digital form, its use has its own rules and we can use it for transactions in certain places because not all places accept bitcoin.
I agree with this statement, bitcoin is money in digital form. Although not all countries legalize it, its function remains the same as a means of payment. Even traditional money from one country cannot be used in another.
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Bitcoin is money but it can use only digitally because it is an online currency, not a physical currency.
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digital currency yes bitcoin which can be used as a payment instrument to transact and invest, whose value can go up and down like gold, but bitcoin is now more popular for investors .
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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 .
No, I think for money bitcoin is not money, But Bitcoin will be the future currency. I believe digital era will come soon.
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bitcoin digital currency and the advantages of bitcoin are also good and the price continues to rise, and the first coin is made and also as the parent or benchmark of all coins "
bitcoin is suitable for investment in the future. that's the advantage of bitcoin in my opinion.
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Bitcoin is the digital money.It is called a type of cryptocurrency,bitcoin is freedom from us cash and fear.We can get Bitcoin anywhere through internet.Bitcoin is best source of income.
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bitcoin is one of the digital currencies as a substitute for cash which is usually used for a payment instrument that is available for several existing platforms.
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Bitcoin is a virtual online digital binary currency or money. When a substance is exchanged through values is called currencies or money. Bitcoin just full fill the above requirements. So we can easily say bitcoin as money.
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Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. ... Bitcoins are created as a reward for a process known as mining.
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Bitcoin means digital currency in the market place.A digital currency without process different network in bank to bank.It system is vey difficult but it is very easily for bitcoin killer.
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Bitcoin is cryptography in cryptocurrency. World's depending money development. Digital currency from bank transform without country to country.
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Bitcoin is a digital currency that can be used by many people from various countries.
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Bitcoin can be said as money in digital form, its use has its own rules and we can use it for transactions in certain places because not all places accept bitcoin.
I agree with this statement, bitcoin is money in digital form. Although not all countries legalize it, its function remains the same as a means of payment. Even traditional money from one country cannot be used in another.
yes bitcoin is digital money and it's has a big value and can help you earn big real money. i think in the future when the blockchain grow strongly, bitcoin will become popular and it will transection like traditional money
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Bitcoin is a digital currency which also serves as money. It is liquid because it can easily be converted to cash at anytime, it also possesses the functions of money which includes means of payment, medium of exchange, store of value etc. So yes... Bitcoin is money
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Bitcoin is a decentralized virtual money.
You can't feel it like fiat and you can't use it to purchase goods offline or online stores in most cases.
Bitcoin is used in carrying out transactions in Cryptocurrency space. This is because it has not been generally accepted as a payment medium.
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Yes bitcoin is a binary digital cryptocurrency. Many developed countries already permit bitcoin with their own Fiat money. Japan already permitted bitcoin as their payment system.
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In my perception, bitcoin is like compare into money because it is a digital form of money that can we able to used to buy load, paying utility bills through online transaction. We're having now an innovative technology, so i guess having bitcoin is part of the new era.
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Obviously bitcoin had actually gone beyond looking like money but rather, Bitcoin is a digital money and it is also a lagal tender used in world today.
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Bitcoin is just a decentralized virtual currency .
One of it's major feature is high volatility and this has made it more of an asset rather than money.
The volatility is the reason why potential investors are not comfortable doing business or investing in Cryptocurrency.
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In my own opinion, i will consider Bitcoin as a money because with this we can purchased all we want like buying houses,cars and shopping. Many people are now using Bitcoin as means of money.
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It is not only money but also digital gold for me. I support myself and my family with bitcoin trading income. So I think bitcoin is my permanent job.
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When we look at it critically, we will discover that the function of paper money differs from that of bitcoin.
Bitcoin is a decentralized virtual currency whose main feature is volatile nature just as opined by the poster.
This volatility is making bitcoin unable to function properly as money.
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Nowadays, Bitcoin can be used to pay Hotel, foods, or other stuffs. But unfortunately it is just on certain countries and still cannot be applied to global uses. From this point, It is true that Bitcoin is like money but it cannot function like money for global uses. I prefer to call it as digital asset and digital money for certain community.
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bitcoin is not money but also a cryptocurency, it bring more benefit for cryptoer who join in crypto, we can earn more profit from it
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bitcoin is not money but also a cryptocurency, it bring more benefit for cryptoer who join in crypto, we can earn more profit from it
I think you don't answer the question clearly. I don't get main point on your answer, mate.
Is bitcoin money? I assume it is not money for now. Mostly uses just for digital investment, so it may be better to call digital asset.
Bitcoin can be money if there are most of countries in the world can accept it.
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Bitcoin is a virtual online digital binary currency in the cryptocurrency market. It is considered as digital money because money countries already have accepted bitcoin as their payment system with their Fiat money.
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bitcoin can be called money but the type is digital, not tangible, but can be very beneficial for the owner
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bitcoin is certainly money, despite its price, it can be considered a single currency,which is also international
Bitcoin actually is a digital currency, it doesn’ t have any physical existence but yet it can be used for payment and other financial purposes. Yes upto some extent you can say that it is equal to real money since you can exchange the bitcoin with real money while trading and all , but it is better to call it “digital gold” or “digital coins”.
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If you learn deeply the whitepaper created by Satoshi, you must know that the main purpose to create Bitcoin is for a digital currency. It is the solution to the centralized system on conventional banks. It is hoped to be payment tools for various purposes on digital transactions. So, it is very clear that Bitcoin is a currency [digital currency].
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Bitcoin is a digital currency, many countries have already legalized bitcoin or are going to do it, therefore in a few years already almost all countries will most likely consider bitcoin to be the official currency and it will be possible to use bitcoin fully for all spheres.
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Yes, Bitcoin is money since you can earn it, easily converted to cash and also use it to make payment. It's digital currency and it performs many functions of money.
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it is true that bitcoin is indeed extreme in terms of price increases and decreases, and I think that is indeed the problem that many people avoid in taking their salaries, but I think the future will be better.
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Well, depends on your definition of money. But since you can easily exchange (https://frontend.coindeal.com/market/BTC-USD/) BTC to USD, I'd consider it as money ;) .
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Yes, we can say bitcoin is money because it performs most of the functions of money and has many attributes of money. It is easily converted to liquid cash, can be used as a store of value and medium of exchange.
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No, but btc is still not money. you can use the money as a tool for calculating some goods. for money you can buy any goods, products in the store. pay for any services. buy an apartment, auto, home. money is an instrument that works in all countries and so far they do not have analogues. Because btc has not yet been recognized at the level of other states as money. may in the future btc and altcoins replace the money or each country will have its own digital currency
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as virtual digital money, bitcoin can only be used by certain groups in countries that have legalized bitcoin. maybe in the future bitcoin can be realized as real fiat money.
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Bitcoin is a digital currency. Currently, the use of Bitcoin is not only for investment or trading. Some companies or merchants are also interested in accepting Bitcoin as their payment instrument, although not every country legalizes it. This proves, however Bitcoin is money, but digital currency is more precisely.
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digital currency whose existence is still illegal for some countries. but its use is very effective and its development is very beneficial for its holders. that's bitcoin.
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bitcoin can call a digital money, it can not be accpet by many nation, they can not control and see bitcoin as illegal, so we hope in the future bitcoin will popular and accept by the world
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bitcoin can call a digital money, it can not be accpet by many nation, they can not control and see bitcoin as illegal, so we hope in the future bitcoin will popular and accept by the world
Of course, it is a digital money that is already popular now. I see the use of Bitcoin for many purposes is increasing day to day. Even if it cannot be used for a national currency but it can be used for investment or trading.
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Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.
Once you own bitcoins, they possess value and trade just as if they were nuggets of gold in your pocket. You can use your bitcoins to purchase goods and services online, or you can tuck them away and hope that their value increases over the years. Bitcoins are traded from one personal 'wallet' to another.bitcoin to bitcoin cash gives you the best conversion rate in the current market rate.
A wallet is a small personal database that you store on your computer drive, on your smartphone, on your tablet, or somewhere in the cloud.
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bitcoin can call a digital money, it can not be accpet by many nation, they can not control and see bitcoin as illegal, so we hope in the future bitcoin will popular and accept by the world
If you can use it as money, buying several things on it, why cannot we call it the money? It does not matter how Bitcoin looks like. So it is just digital money!
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it's true that the function of bitcoin can be like other fiat money, but because price volatility will make many people afraid.
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Bitcoin goes beyond functioning as money. Depending on the holder's choice and intentions, Bitcoin can also function as an investment. Bitcoin is the most diverse form of making financial transactions in our contemporary world. Bitcoin has evolved out successfully to become the standard of measurement for almost all the coins on the market.
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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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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.
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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.
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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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is valuable, anything that has value can be money a car a precious pearl,
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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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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