Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
Sengoko
on 17/10/2017, 11:26:01 UTC
Yes it is. Money is anything widely accepted as a store of value, it exists in many forms such as currencies and commodities like dollars or gold. And since bitcoin is widely accepted currency so it is money.
The fact is that Bitcoin should not be seen as a means of payment, but as a means to save your income and increase your savings. In this way, one can completely cut off all the attempts to compete with the son of a feat. But I think that once it has a completely different meaning. Although every person has an individual opinion regarding his attitude to Bitcoin and crypto currency completely.
I definitely agree with you in this regard. Bitcoin itself could not be considered as money.  It is only a way to increase the money that you have already earned or have saved up besides for future use. Some people despite of all these facts do claim that they find it as the source of earning and are doing well in this area of financial matters. But the thing is that everyone has his or her own point of view of bitcoins.