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Topic: Bitcoin is an asset or currency. - page 22. (Read 8579 times)

legendary
Activity: 1106
Merit: 1001
The Decentralized TCP/IP Internet Protocol
December 15, 2017, 04:06:46 PM
The original design was to use bitcoin as a currency but as well know it has now turned to a profitable investment/asset. Right now I’m using bitcoin as an asset due to its currenct surge of price, I think its just practical to hold until the price stabilize.
Bitcoin are both asset and currency because nowadays some community of bitcoin is used it as currency like buying stuff or or paying bills and some of them used it as asset like those who have a lot collect bitcoin they put it in investment to make profit in right time or some of them hold it for a long period of time.
Actually Bitcoin was the best cryptocurrency for payment in the ecosystem of cryptocurrency world. But for now, Bitcoin can not become a currency with current value and its system. High fee and need much times to confirm transaction are the disvantages of Bitcoin made it become worse than altcoins for payment as Ripple ...
sr. member
Activity: 378
Merit: 260
Bitcoin SV is Bitcoin
December 15, 2017, 02:03:31 PM
It seems to me I think that bitcoin is an asset and a currency at the same time. Bitcoin as a currency participates in the commodity turnover as it can be exchanged for the goods. Bitcoin as an asset grows and brings profit to its owner.
I consider bitcoin both an asset and a currency at the same time. Because it shows all of the qualities and traits. An asset because it can be used to invest and to save, like the money will grow  and grow. And as a currency because it can be used to buy all of the things you wanted and needed.  But it still deoends on every user.
So you can buy all the things that you need? Of course, paying 50$ fee every time you want to buy a coffe.  Grin Grin Grin Grin Grin Grin
sr. member
Activity: 378
Merit: 260
Bitcoin SV is Bitcoin
December 15, 2017, 02:02:19 PM
is a bubble.
full member
Activity: 209
Merit: 100
December 15, 2017, 02:01:18 PM
It seems to me I think that bitcoin is an asset and a currency at the same time. Bitcoin as a currency participates in the commodity turnover as it can be exchanged for the goods. Bitcoin as an asset grows and brings profit to its owner.
I consider bitcoin both an asset and a currency at the same time. Because it shows all of the qualities and traits. An asset because it can be used to invest and to save, like the money will grow  and grow. And as a currency because it can be used to buy all of the things you wanted and needed.  But it still deoends on every user.
sr. member
Activity: 1190
Merit: 253
December 15, 2017, 01:48:11 PM
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 who live in the country that refuses bitcoin as a currency, i consider it as an asset. some thing that we can keep as long as we want to. we can sell it at the price that suit us, or still on it for a higher price.


Well, most of the people who live in a country that does not accept bitcoin look at it as an asset but Bitcoin is intended as currency if we look at its WhitePaper or a document proposed by Satoshi Nakamoto, it is a peer to peer cryptocurrency that we can send to anyone who has wallet all across the globe.  It is also intended as a payment method for any goods that is available in the market.
jr. member
Activity: 128
Merit: 1
December 15, 2017, 12:38:32 PM
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 who live in the country that refuses bitcoin as a currency, i consider it as an asset. some thing that we can keep as long as we want to. we can sell it at the price that suit us, or still on it for a higher price.
sr. member
Activity: 532
Merit: 327
December 15, 2017, 12:17:58 PM
Currently it is used as both. Its all up to you and how do you wanna use it. Currency or asset, doesnt matter.
member
Activity: 719
Merit: 10
ORBIS PLATFORM
December 15, 2017, 10:55:18 AM
In my opinion, bitcoin is an asset. Because it can be exchanged for goods and bitcoin can also be a currency that can be used to buy goods, and bitcoin can also be an investment for the future.
full member
Activity: 336
Merit: 121
December 15, 2017, 10:49:19 AM
From my recommendation bitoin is an asset rather along with currency. If you preserve it for log period later you will highly profit. Actually behind bitcoin price will collective subsequently your profit furthermore will store. Profits depend around bitcoins price occuring and down.

Bitcoin have both qualities of asset and currency, asset is that which can not not be disappear which remain in the world even the owner is died or changed. And currency is that by which people of the world make their trade and make their business relation. Now the bitcoin have both qualities so it can be said that bitcoin is a currency and an asset is well.
full member
Activity: 336
Merit: 121
December 15, 2017, 10:45:51 AM
From my recommendation bitoin is an asset rather along with currency. If you preserve it for log period later you will highly profit. Actually behind bitcoin price will collective subsequently your profit furthermore will store. Profits depend around bitcoins price occuring and down.

Bitcoin have both qualities of asset and currency, asset is that which can not not be disappear which remain in the world even the owner is died or changed. And currency is that by which people of the world make their trade and make their business relation. Now the bitcoin have both qualities so it can be said that bitcoin is a currency and an asset is well.
member
Activity: 252
Merit: 15
December 15, 2017, 10:42:25 AM
For me BTC is currency you can utilize it for what ever you wish or you can exchange it for different monetary forms and gain from that or spend them in that way. BTC can be resource too in light of the fact that cost is always developing, and in that sense BTC can be viewed as venture. BTC made quick ascent that is the reason its appealing as resource different monetary forms likewise rise however one moment and that is the thing that confound individuals.
member
Activity: 84
Merit: 10
December 15, 2017, 10:40:58 AM
Its both an asset and a currency right now. It will most likely become more of an asset and other cryptocurrencies will be currencies because of fast and cheap transactions.
newbie
Activity: 182
Merit: 0
December 15, 2017, 10:38:37 AM
From my recommendation bitoin is an asset rather along with currency. If you preserve it for log period later you will highly profit. Actually behind bitcoin price will collective subsequently your profit furthermore will store. Profits depend around bitcoins price occuring and down.
full member
Activity: 294
Merit: 105
December 15, 2017, 10:24:11 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 ??

For me its both asset and a currency. Asset because you can sell this if the value is high or if the price is righr. It is a currency because you can use this to buy and pay for something that you like as long as the store is accepting it. This is what bitcoin is can. I think this is the main reason why people are hooked in doing bitcoin. They know they can do a lot if you have btc. Aside from that there are so many ways in earning a profit from it.
full member
Activity: 770
Merit: 113
December 12, 2017, 10:39:21 PM
basically bitcoin has a function as a means of payment and commodity (asset or investment). but due to the legality problem, the payment with bitcoin is still limited, so the function as a commodity is more dominant.
full member
Activity: 258
Merit: 100
December 12, 2017, 06:48:32 PM
Bitcoin does not fall under the classic signs of currency, which exist in theory and practice. Being digital money, bitcoin is so new and revolutionary that it does not fall under the existing signs of currency. Perhaps later, when bitkoyn firmly enters our life, the concept of currency will be revised taking into account the characteristics of digital money and then it will become a currency.
       Bitcoin can be called a financial asset, because it serves as a means of payment.
hero member
Activity: 1498
Merit: 586
December 12, 2017, 06:19:12 PM
The original design was to use bitcoin as a currency but as well know it has now turned to a profitable investment/asset. Right now I’m using bitcoin as an asset due to its currenct surge of price, I think its just practical to hold until the price stabilize.
Bitcoin are both asset and currency because nowadays some community of bitcoin is used it as currency like buying stuff or or paying bills and some of them used it as asset like those who have a lot collect bitcoin they put it in investment to make profit in right time or some of them hold it for a long period of time.
sr. member
Activity: 677
Merit: 250
December 12, 2017, 06:14:20 PM
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 think the bitcoin is an asset and also a currency because bitcoin currency investment assets are in the form of digital and not yet a legitimate currency in my country
sr. member
Activity: 618
Merit: 250
December 12, 2017, 06:09:20 PM
The original design was to use bitcoin as a currency but as well know it has now turned to a profitable investment/asset. Right now I’m using bitcoin as an asset due to its currenct surge of price, I think its just practical to hold until the price stabilize.
For me bitcoin is asset also it can be currency because having bitcoin gives you earning, then you buy in online and bitcoin is your payment. Right now many people do it as asset because they invest it, some peoole they turned it into currency.
sr. member
Activity: 658
Merit: 250
December 12, 2017, 05:59:25 PM
The era has changed, now everyone is more interested in investing into cryptocurrency compared with traditional investments such as gold, land or stock. everyone believes that the future asset is cryptocurrency.

As of now bitcoin investments has gone phenomenal and well known currency and if we have to rate this its not just a currency, but rather an asset which to be considered as more than gold or any physical property. The important is, we should have a good assurance that internet connectivity will be there for long time so that asset that we have will be more valuable, and be appreciated so well.
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