Is bitcoin money?

[Kelvin21]

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.

[densuj]

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.

[Falcon]

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.

[cashbit]

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.

[yitzjoe]

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

[kap786]

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.

[gribble]

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.

[Hisbullah]

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.

[sola]

 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.

[Ibagsat09]

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.

[Altcoinstalks User]

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.

[gribble]

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.

[pedangrusak]

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

[Malyaa]

bitcoin, digital currency, and also a better way you can get better profits, because seeing the price of bitcoin every day also increases.

[Stalky]

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.