Topic: Bitcoin is an asset or currency. - page 17. (Read 8579 times)
Bitcoin is not an asset, but a currency. Bitcoin is not an asset, as it does not generate cash flows for its holders.
This is not a commodity, because it is not a raw material for the production of anything useful. The only exception, I think, may be if it becomes an essential component of smart contracts. In this case, probably, bitcoin will be able to take on the role of the commodity
The choice is whether the bitcoin is the currency of bitcoin - it's a currency, although not very good, as it has limited recognition as an intermediary in the exchange and too volatile to be a means of preserving value.
It depends on people. I am in need of money for basic needs. So if I get btc now, I ll better use it for my expenses than holding it. But it may some time to save more bro as an asset. Hope this happens so to everyone.
I absolutely agree to that, it will depend on people on how they used it because some people prefer to used as an asset while there are people prefer to used it as currency. In addition to that, I think for me I will prefer to used it as currency where I can exchange it in some valuable things. 
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 ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
bitcoin in my opinion is both because the assets or currencies that can be interpreted from personal, bitcoin into money when bitcoin has a sale value and can to buy what you want.
I think it is an asset because it needs to be used like a currency to be a currency. For example it needs to be used for goods and services in our everyday lives and I hope in the near future when more businesses adopt this medium of exchange then we can call it a currency.
Bitcoin can be considered both as an asset and a currency.People hold bitcoin for future purposes and wait for the price rise.Like gold,people also save bitcoin.This is the quality of an asset.Bitcoin is also used as a currency because it can be used for transactions and payments too.Now more and more people are joining bitcoin so as to earn money in a short period of time.
I think it is an asset because it needs to be used like a currency to be a currency. For example it needs to be used for goods and services in our everyday lives and I hope in the near future when more businesses adopt this medium of exchange then we can call it a currency.
It is for sure an asset right now such as gold, but it is not a bad thing because so many other coins have the potential to become fiat like dollars while making btc a reserve asset for them.
It is depend upon the persons thinking, that how person used Bitcoin. If the person used Bitcoin for daily trading or to buy food, daily need items, then it will be a Currency. But on the other hand if someone takes a Bitcoin for long term investment to make good profit, like real estate investments. Then it will be an asset. For me Bitcoin is Currency as well as Asset also.
In my opinion, bitoin is an asset that is somewhat similar to currency. If you preserve it for the next log period you will be very lucky. Actually the price behind the bitcoin will be collective then your next profit will be saved. The profit depends on the bitcoin price that goes and goes down.
Bitcoin is both, asset as well as currency. It depends on us how we use it. Bitcoin was introduced by its introducer as a currency, to reduce problems faced by common people in their day to day trades. Its purpose was to eliminate middlemen from trades and to reduce various charges charged by banks performing a transaction. But later on its use as an asset get populated. Due to continuous demand and limited supply pushed bitcoin prices too high. Due to these prices more and more investors get attracted towards it. As a result it become the most popular and highest returns giving investment in a very short span of time.
Bitcoin is very good currency because many have accepted bitcoin as a payment tool. And bitcoin can be an asset in the trade because its selling price is increasing so quick and unstable.
Bitcoin is now the new gold. Just like the stock market gold is the most important asset to have. I wonder when this event will change, the reason why bitcoin is not considered as currency anymore.
Even though we have so many altcoins now with functions like smart contracts, BTC is still consider one of the best cryptocurrency to have because of the global recognition and it able to tank the price well.
First I know about bitcoin which I think bitcoin is a currency that can be used as a transaction tool without state restrictions, but with time I changed my mind that for this year trend bitcoin tends to be used as an asset and not a currency. This is not bad because at this time bitcoin can be used as 2 functions ie currency and assets.
Bitcoin is not an asset at all, but a currency. Accordingly, you can not determine the value of the latter or invest in it, you can only determine the price of the currency and trade it.
Common to assets is that their cash flows can be assessed.
The currency is a means of exchange, and is also used to estimate cash flows. By themselves, currencies do not generate cash flows and, therefore, their intrinsic value can not be determined. On the other hand, their prices can be compared with other currencies.
The price is determined by the ratio of supply and demand; this ratio can largely depend on the prevailing moods and trends prevailing in the market.
Bitcoin is a global digital currency.
Considering that the algorithm incorporated in it limits its emission, its high price will become fully justified.
I think there are two properties of bitcoin, because bitcoin can sometimes be used as a currency, and it's a currency, and when you use it as an investment, it's an asset.
for me Bitcoin is a non-currency asset because we can not just wipe out Dollar, Pound Sterling, Euro etc already in a country,
and we are currently looking for Bitcoin to exchange currency in our respective country through an exchange site
and we are currently looking for Bitcoin to exchange currency in our respective country through an exchange site
Bitcoin is both, an asset as well as a currency. It depends how you expect from bitcoin. Bitcoin is the first digital cryptocurrency introduced to the world. It peer to peer exchange system and decentralised nature give complete freedom to its user. It’s less transaction charges as well as less transaction time helps common person a lot. In currency world bitcoin is more popular as an asset or tool of investment rather than a currency. Bitcoin`s constant growing price has proven this from last two or more years. It has given its investors returns they have never expected.
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 ??
for me bitcoin is both bitcoin is asset also a currency because you are the owner of the account and also a currency because it is cash, money, our daily needs and also needs of the people around the world it is asset because you are the owner, you are the one who handle your business and is that necessarily a bad thing ?? and what can we do about it as a community ??
I think bitcoin can work for both, as we know that bitcoin values always go up so it can be said as an asset, while we say currency because it can be used for trading, online payment and so on.
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 ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
I think bitcoin is often used as an asset for the future because it is better to make bitcoin as our investment and assets with the opportunity to become more profitable
You're right bitcoin is an asset but a lot of people known it as a currency but any of them are correct. Bitcoin can be used as an asset for investment for the future and it can also be used as a currency to buy stuffs or trade it to flat.
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