Topic: Bitcoin is an asset or currency. - page 23. (Read 8584 times)
i think maybe it is both?
An asset is any property or object of value that one possesses, usually considered as applicable to the payment of one's debts, while currency on the other hand, is money or other items used to facilitate transactions.
Going by these two definitions, the difference can be seen, as to how bitcoin fits, in the context of these definitions. Bitcoin, is been tagged as a digital currency and should be seen as such.
Some people thought Bitcoin is a digital currency, I do not negate this opinion. But honestly, if Bitcoin is really a digital currency, it can be manage by the government. The polices of the gorvernment will affect the Bitcoin system and the government can know all data of user in this currency as Paypal are other digital currencies, in my opinion Going by these two definitions, the difference can be seen, as to how bitcoin fits, in the context of these definitions. Bitcoin, is been tagged as a digital currency and should be seen as such.
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Bitcoin is a very exciting development,it might leads to a world currency. I think over the next decade it will grow to become one of the most important ways to pay for things and transfer assets.
I simply say bitcoin falls upon both being an asset and a currency. Since originally, bitcoin was made to be a decentralized currency to make transactions faster approval than banks. Bitcoin is considerably an asset since its profit growth gets higher that what you dream of.
An asset is any property or object of value that one possesses, usually considered as applicable to the payment of one's debts, while currency on the other hand, is money or other items used to facilitate transactions.
Going by these two definitions, the difference can be seen, as to how bitcoin fits, in the context of these definitions. Bitcoin, is been tagged as a digital currency and should be seen as such.
Going by these two definitions, the difference can be seen, as to how bitcoin fits, in the context of these definitions. Bitcoin, is been tagged as a digital currency and should be seen as such.
I think Bitcoin is a currency, but we can use Bitcoin to increase our Asset... so....
Bitcoin= Asset
Bitcoin= Asset
i think bitcoin include digital currency
No, Bitcoin is both digital currency and asset because you can easy convert bitcoin to real money or you can also use it to buy every real asset. So i think bitcoin is both 
Mainly it is a digital currency. But it is getting used as profitable asset as well as currency. Now a days online stores are opening that are taking bitcoins instead of fiat money to sell anything.
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.
money is
store of value, unit of account, medium of exchange.
bitcoin is better than fiat in all three except (medium of exchange) .. once it its .. bitcoin will replace fiat
store of value, unit of account, medium of exchange.
bitcoin is better than fiat in all three except (medium of exchange) .. once it its .. bitcoin will replace fiat
The presence of bitcoin brings many changes, now everyone agrees that the best investment today is bitcoin, with bitcoin we can get profit up to thousands of percent per year and this is certainly a very proud asset.
It is a digital currency...It will go much higher in rear future as compared to how it is now.
i believe bitcoin is an asset. The more time you hold an asset high yield value of that asset.
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.
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 asset and bitcoin is not a currency but it called digital so you need an internet to get this to convert in real money (curreny) this is asset because theres a lot of people using this in some ways and this is very profitable for all people . and is that necessarily a bad thing ?? and what can we do about it as a community ??
I would say it would its a currency. But its currently not 100% usable for a daily usecase. Still not enough merchants on this and transaction fees too high.
The fee for small amount of daily transactions is too high, I agree with that. But bitcoin is very good for international transaction, in this case, bitcoin fee is much lower than bank service or other remittance agencies such as paypal. Bitcoin is currency but for now its only appropriated for international transaction.
I would say it would its a currency. But its currently not 100% usable for a daily usecase. Still not enough merchants on this and transaction fees too high.
Jamie Dimon has a point though -- the governments will step in to regulate, if not block, the crytocurrencies.
However democratic the crytocurrencies themselves are, they are meaningless if they are not exchangeable with our fiat currencies, and fiat currencies ARE CONTROLLED by the governments.
Hypothetically, if any country wanna protect their own currency, they could just declare buying crytocurrencies as illegal, which could impair the value of crytocurrencies overnight.
However democratic the crytocurrencies themselves are, they are meaningless if they are not exchangeable with our fiat currencies, and fiat currencies ARE CONTROLLED by the governments.
Hypothetically, if any country wanna protect their own currency, they could just declare buying crytocurrencies as illegal, which could impair the value of crytocurrencies overnight.
One can use the USD as savings and investment vehicle by buying US treasury bonds. Isnt that what most of the global savings glut does? Other currencies are either not safe or their associated government bonds have zero or negative yield.
When we get bitcoin bonds with someone (who?) paying interest and OPEC accepts Bitcoins for oil then perhaps we have a currency contender.
But then again, Since data is the new oil and bitcoin is bits (data) perhaps it is the oil! Need to flush that out for myself.
Good discourse Professor Damodaran. Had your asset valuation book for Fianance class in my MBA at IU Kelley School of Business.
When we get bitcoin bonds with someone (who?) paying interest and OPEC accepts Bitcoins for oil then perhaps we have a currency contender.
But then again, Since data is the new oil and bitcoin is bits (data) perhaps it is the oil! Need to flush that out for myself.
Good discourse Professor Damodaran. Had your asset valuation book for Fianance class in my MBA at IU Kelley School of Business.
Bitcoin is a synthetic commodity. It's supply fixed, therefore it bound to rise compared to fiat currencies, provided adoption continues.
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