Bitcoin is an asset or currency. - page 11.

janah

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Quote from: YaChou on October 17, 2017, 10:52:55 AM

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

I believe that bitcoin is currency why? Because we using it as a money to transfer to love ones and we doing it in trades as a payment of profucts that we get. Many thinks of us that bitcoin is asset but its not asset because they just holding it! Not means by that it is an asset already. Always remember the word DIGITAL CURRENCY.

noonc

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Quote from: Kahoy01 on February 02, 2018, 04:16:46 AM

Bitcoin works best at both but it is more recognized nowadays as an asset rather than a currency. Mainly because trading it yields profit to the investor and sometimes selling it also does. However, bitcoin also works good for buying goods and services that are provided on the internet obviously because it was meant to be a currency.

I think bitcoin can be both an asset and a currency because it has both functions as an investment, but at the same time acts as a medium for trading and its price volatility.

DoublerHunter

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Quote from: Jessica2009 on February 05, 2018, 04:29:39 AM

Bitcoin is a digital decentralized currency stored on computer it is not a paper currency that can be kept in a pocket or ordinary wallet as we keep paper currency. Japan has accepted Bitcoin as a digital currency but, India is in a confused mood because they don't have a clear picture about Bitcoin.The central Bank of Israel says that they cannot accept this virtual currency but they accept it as an asset and first cryptocurrency using computer software .

Those decision are just temporary because they are still confused and they are not yet cleared about the bitcoin if they are going to accept it or not because bitcoin is not that simple for the governments and other people because it is hard to understand as a cryptocurrency since it is a new type of currency. But let just hope in the future that governments will really accept bitcoin so it will not be just an asset and so it can be a currency to spend also.

Jessica2009

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Bitcoin is a digital decentralized currency stored on computer it is not a paper currency that can be kept in a pocket or ordinary wallet as we keep paper currency. Japan has accepted Bitcoin as a digital currency but, India is in a confused mood because they don't have a clear picture about Bitcoin.The central Bank of Israel says that they cannot accept this virtual currency but they accept it as an asset and first cryptocurrency using computer software .

dvillier

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Bitcoin is an asset because the value of the assets are rising and some time fall. same is the bitcoin the value of the bitcoin rise most but some time fall. while the value of the currencies are considerable to be fix. the value of the currencies are not going so high and not fall so hard.

clubchain

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Bitcoin is a currency for me. It has an investment value that can be used as a medium of exchange. But I do not think it has become an asset.

acell101

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Its an asset,it is one of the most successful assets on the world right now because it's a global speculation."
Unlike a currency, which is used to assign and exchange value, an asset has its own inherent value based on what people will pay for it. It is not a currency because currency has a stable market value.Come to think of it when you use a currency to buy a grocery, you and the grocery shop both expect the value of the money remain stable between the time you order and the time you pay. The bitcoin is unstable, sometimes it's up and sometimes it's down, but we cant deny the fact that bitcoin has the highhest value.

bozo333

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Quote from: Fulmand on February 05, 2018, 12:31:44 AM

Quote from: Mjeramirez on February 05, 2018, 12:22:46 AM

Right now bitcoin more becomes an asset than an actual currency, people are buying bitcoin as an investment, many are holding and selling when the value increases, bitcoin nowadays become a profit generating platform. Though Bitcoin can really be a profitable asset, its purpose is to a currency, a decentralize form of money that can be use easily in every transaction offline or online. I think this purpose can only be achieve when its value becomes stable.

Bitcoin is a digital crypto currency and it is also an asset that is really popular today as a great asset in gaining a huge profit on a verry simple way.I believe that bitcoin is really a good asset because of its volatility it really give as an amazing return of our investment.

Bitcoin is digital currency so it not asset. Bitcoi future digital. Now most of the people invest the bitcoin for the future growth and improve the business process. It any time to change the prices. It good opportunity for the people growth. It helpful to connect the country for the improve for the country economy.

Fulmand

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Quote from: Mjeramirez on February 05, 2018, 12:22:46 AM

Right now bitcoin more becomes an asset than an actual currency, people are buying bitcoin as an investment, many are holding and selling when the value increases, bitcoin nowadays become a profit generating platform. Though Bitcoin can really be a profitable asset, its purpose is to a currency, a decentralize form of money that can be use easily in every transaction offline or online. I think this purpose can only be achieve when its value becomes stable.

Bitcoin is a digital crypto currency and it is also an asset that is really popular today as a great asset in gaining a huge profit on a verry simple way.I believe that bitcoin is really a good asset because of its volatility it really give as an amazing return of our investment.

chaosrift

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It's both.Bitcoin is the digital crypto currency currency .Digital cryptocurrency to becoming a revolutionary assets .because the value of bitcoin keeps increasing.

Mjeramirez

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Streamity Decentralized cryptocurrency exchange

Right now bitcoin more becomes an asset than an actual currency, people are buying bitcoin as an investment, many are holding and selling when the value increases, bitcoin nowadays become a profit generating platform. Though Bitcoin can really be a profitable asset, its purpose is to a currency, a decentralize form of money that can be use easily in every transaction offline or online. I think this purpose can only be achieve when its value becomes stable.

automaticmoney

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Bitcoin is asset nt a currency only few merchants accept bitcoin as currency in reality bitcoin is long term asset

LastRolling

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Bitcoin is a asset which provides a good foundation to obtain a bright future. In the same manner it can be used as currency in all transactions.

doaremon

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To me Bitcoin is not an asset,it is a well currency. Many may use that as an asset but to me it is a good transactional currency. Let's say if we want to transfer a good Amount of money from one place to another then undoubtedly the best choice will be crypto currency. Because, it will be fast, less time consuming and it's safe to me. So instead of an asset I think it will be best to use it as currency.

candra raditya

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Quote from: YaChou on October 17, 2017, 10:52:55 AM

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

From the beginning the creation of bitcoin is as a currency, but as time goes by the bitcoin price increases and continues to increase so bitcoin is preferred as an asset.

Arumi.Bilqis

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I think both are appropriate as bitcoin nicknames because in addition to digital money that can be used as a source of bitcoin income can also be used as a future asset because it can have an uncertain price and when we buy cheap and save it and bitcoin when the price rises we will sell it and will have good profit Wink

ANGEL_VOISE

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I think i prefer the assets, because many people prefer to invest compared with the transaction. They begin to invest their assets in the form of bitcoin, because they believe it will be a universal commodity, so prices will continue to soar.

Kahoy01

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Bitcoin works best at both but it is more recognized nowadays as an asset rather than a currency. Mainly because trading it yields profit to the investor and sometimes selling it also does. However, bitcoin also works good for buying goods and services that are provided on the internet obviously because it was meant to be a currency.

crussaders1411

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personally I'm a bitcoin it's a pretty good asset for its future prospects, now more and more people are familiar with bitcoin ,, thanks

nicolesalv

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Quote from: YaChou on October 17, 2017, 10:52:55 AM

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

It depends on how you use your bitcoin. For me its either of the two, it could be both. If you buy it online for something you like it could be a currency.if you are investing and hoslinh your bitcoin then it could be an asset. Either way, bitcoin brings good thing in financial aspect of our life.

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