Is bitcoin money?

[trauchot]

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.

[Xtinah]

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.

[Rembang]

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.

[EVEBlue]

Well, depends on your definition of money. But since you can easily exchange BTC to USD, I'd consider it as money  .

[Tiana1]

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.

[corr]

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

[Arybes]

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.

[gotbounty]

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.

[Leny]

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.

[hope167]

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

[sampoerna]

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.

[Swati_21]

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.

[mimikri]

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!

[Richa99]

it's true that the function of bitcoin can be like other fiat money, but because price volatility will make many people afraid.

[Domithra]

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.