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RE: Bitcoin is NOT money Yet, Could it become Money or Will it go "Bust"?
I think bitcoin is money because people use it to buy ans sell things, it's just not used everywhere, but it will be usesed everywhere the price will grow like hell and that time is very soon, my prediction is $1 million dollars in a few years and maybe in two year, if in 2017 it became almost 20,000 after being less than 1000, so it's possible that will go 100,000 in the next year and $1 million in 2019 ☺
If it's used as a measurement of wealth, it's money regardless of not being physical. You can slap a price tag on anything and say that is its value, regardless of not having the money to represent it.
what about the capitalisation there ? it's real money I think
nothing is "real" money
gold was not money until we turned it into wealth because it was shiny and rare
other cultures were using iron rods, or cocoa beans or rice bushels with the same usage
It currently costs around 10/20$ to transfer Bitcoin. As it is now we'll never use it to buy everyday things. For now it can be considered an asset like gold, with the huge risk of it falling.
I don't think that there is a risk in bitcoin, because if it fall for let's say 1000 or 2000 it will go +5000 or +10000, bitcoin is like stairs, always to the top ☺
Nah that won't happen.. I agree that the price would go high but it would then become useless......some crypto currencies maybe designed would be use if the world(government) finally agree to use a crypto coin.