Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
TheUltraElite
on 13/04/2017, 15:10:32 UTC
I can buy anything with bitcoins and even I can send money to my friends and family using bitcoins so its a real money for me and there is no difference in it and real money as ultimately its giving us an source of income in digital form.

The thing is if we can use it as mode of payment then it is money.  Anything that is accepted as payment is considered as money, regardless of its state, either digital or physical.  But there are only limited countries consider Bitcoin as payment, I hope there is more and more country to acknowledge Bitcoin as money the same way Japan recognizes Bitcoin.

We want that other countries should start following Japan and if that happens then bitcoin will become more popular and powerful currency and it will surely take its price to the moon but I think it will take long way for that to happen.

It will take long time but we all hope to make money in future selling of bitcoins as well. Everyone is looking forward to the price of bitcoin like any other currency and so its not much different from cash money.

What is important in bitcoin is that it is more of a trading commodity since the price is big now. Everyone wants to trade in bitcoin and earn their share of coins.