Is Bitcoin a currency?

Joined
Jan 20th 2019
Location
Philippines
Well, Bitcoin is not a currency at all. Bitcoin is a system for payments, or profiteering or even a type of discounted cards but the one only thing that it cannot be is a currency. Also, Bitcoin mining has become so decentralized that six transaction confirmations now provide “complete protection” against double spending.
 
Joined
Jan 23rd 2019
Location
New York
Its closer to an asset with a fluctuating value that you invest in and hope that it might net a profit at some point. It won't be a currency any time soon, its too complicated for normal people.
 
Joined
Jan 30th 2019
Location
New York, United States
Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middlemen – meaning, no banks!

Bitcoin is a digital asset designed to work in peer-to-peer transactions as a currency. ... However, as of 2015 bitcoin functions more as a payment processor than as a currency. Economists define money as a store of value, a medium of exchange, and a unit of account.

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Joined
Sep 30th 2019
Location
london
That’s a point which confuses many traders I know, where they are unable to draw the difference between cryptocurrency and currency. Still a lot of awareness required.
 
Joined
Nov 29th 2019
Location
PT
As long anyone buy bitcoin they will stay relevant. The price, well, it goes up and down.

A strategy that you should apply to bitcoin or any trading investment is make predictions based on what you have in hand and no on some forum or community.

Buy low and sell high. In bitcoin scenario buy when is down like $3000 or around that and when increase, sell. If you want to diversify your portfolio than buy small amounts.
 
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