Topic: Bitcoin is an asset or currency. - page 27. (Read 8542 times)
In my opinion, bitcoin is more likely to be an asset because only a few countries use it as a transactional tool and very few stores accept bitcoin as a transactional tool, so bitcoin is more an asset or it can be said more like gold can be used as a medium of exchange but not a currency. but bitcoins have the advantage of being able to transact anywhere and in large quantities so that it makes bitcoin better than gold.
I dont think so. Bitcoin is an asset more than an currency. Because the transaction speed is too slow. But you can store it likes an asset for the future
I can see it too that bitcoin is more than a currency now. Many treats bitcoin as an asset and the reason behind it is because there are people that are looking to it's value instead of it's usage. Value over usage is the debate through bitcoin but it's up to you if you'll use it as an asset or currency. 
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 ??
Bitcoin is Not a Currency. How will a currency function as a "stable" Value Store? If the currency serves as a stable value keeper, then the cause of inflation will occur naturally. Anything that can be a "store of value", must be able to ensure that its value is feasible and can last a lifetime. Comparable to long-term purchasing power and is that necessarily a bad thing ?? and what can we do about it as a community ??
I dont think so. Bitcoin is an asset more than an currency. Because the transaction speed is too slow. But you can store it likes an asset for the future
This is very useful for long-term assets for your family
I think that Bitcoin is both assets and currency because Bitcoin is world's most cryptocurrency now. It is an asset to invest because of the growing price is increasing day by day. 
If FIAT and US dollar were considered an ASSET then so would Bitcoin.
FIAT is classed as a currency therefore Bitcoin is exactly the same....
FIAT is classed as a currency therefore Bitcoin is exactly the same....
I believe it's an asset and a currency (online currency). Nowadays biycoins is keep as an asset because of its value rising. Also as currency because in online world people use it's as a form of money to buy things online, much more convenient.
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 ??
Maybe now bitcoin is a very valuable asset for the future, but hopefully bitcoin can be a currency for the means of payment of goods and services in the future. and is that necessarily a bad thing ?? and what can we do about it as a community ??
I don't think that people understand what money is. So you end up with attempts at definitions that are basically just appeals to authority.
All currencies are assets, and the concept of a "currency" is an incremental value, not a binary definition. Money/currency is any store of value, a measure of value, and a unit of transaction. Obviously, anything can be a currency. Cigarettes and ramen are currency in prisons. Coconuts might work, but it would be a bad currency.
But all currencies fundamentally bootstrap themselves as valuabke assets with controlled inflation. Gold is a great currency because it is highly valuable, but is very difficult to inflate (has a high marginal cost of production). Bitcoin just replicates gold's behavior and improves it with quantitative, symmetrical growth information. So bitcoin is:
1. A store of value. In fact, arguably the best. On its own, it is the best performing asset for 7 of the past 9 years. Furthermore, due to its enormous alpha and zero (uncorrelated) beta, you can actually increase returns AND decrease volatility by adding it to your portfolio.
2. Unit of transaction: One of the most transactable assets in existence. Huge for remittance processing and easy payments, especially beating out expensive alternatives like western union, without regulatory constraints.
3. Measure of value: Certainly not the most common unit of value. But i find myself pricing things that i buy often with bitcoin IN bitcoin, rather than thinking about the dollar value of them, because there are some closed economic loops that don't touch fiat anymore.
Even though it's volatile, yes, bitcoin is also the asset that is most rapidly accellerating toward currency domination. Its fundamental value places it in high demand, and that is fundamentally all that is necessary. From there, the network grows exponentially because users are incentivized to adopt the asset not just from fundamentals, but a growing network that organically creates value via metcalfe's law.
All currencies are assets, and the concept of a "currency" is an incremental value, not a binary definition. Money/currency is any store of value, a measure of value, and a unit of transaction. Obviously, anything can be a currency. Cigarettes and ramen are currency in prisons. Coconuts might work, but it would be a bad currency.
But all currencies fundamentally bootstrap themselves as valuabke assets with controlled inflation. Gold is a great currency because it is highly valuable, but is very difficult to inflate (has a high marginal cost of production). Bitcoin just replicates gold's behavior and improves it with quantitative, symmetrical growth information. So bitcoin is:
1. A store of value. In fact, arguably the best. On its own, it is the best performing asset for 7 of the past 9 years. Furthermore, due to its enormous alpha and zero (uncorrelated) beta, you can actually increase returns AND decrease volatility by adding it to your portfolio.
2. Unit of transaction: One of the most transactable assets in existence. Huge for remittance processing and easy payments, especially beating out expensive alternatives like western union, without regulatory constraints.
3. Measure of value: Certainly not the most common unit of value. But i find myself pricing things that i buy often with bitcoin IN bitcoin, rather than thinking about the dollar value of them, because there are some closed economic loops that don't touch fiat anymore.
Even though it's volatile, yes, bitcoin is also the asset that is most rapidly accellerating toward currency domination. Its fundamental value places it in high demand, and that is fundamentally all that is necessary. From there, the network grows exponentially because users are incentivized to adopt the asset not just from fundamentals, but a growing network that organically creates value via metcalfe's law.
Bitcoin is a virtual currency, as definition itself says, it is a type of virtual CURRENCY as it is sometimes used on online payment transactions.
Well, it can be an asset if you will try to make it grow and make it wealth.
How to make it wealth? I do not understand your said! Bitcoin can makes your life be good more but you can not make the price of Bitcoin increases while you do not have enough money to pump the price of Bitcoin as the whale. Well, it can be an asset if you will try to make it grow and make it wealth.
Bitcoin is the only currency (cryptocurrency) having two roles in the society which giving the very big returns where non of the currencies can even come close to it so I consider bitcoin as asset. About currency this is the next generation currency which give us the possibility to access worldwide and alternative for the paper currency. Now the world has realized that bitcoin is part of the world currency and they have to update themselves accordingly.
Bitcoin is a cryptocurrency.It requires internet connection and knowledge about how to operate it.It is very volatile so we cannot predict what will happen next moment.Though it has increased in the last eight years,still there are instances where the value of bitcoin has come down.But people still invest in bitcoin due to this factor only.Gold is an asset and stable.So there is very little or no growth in its value.So people generally avoid investing in gold as profit margin is very low.Dollar is a currency which is stable and is very powerful.
Bitcoin is a virtual currency, as definition itself says, it is a type of virtual CURRENCY as it is sometimes used on online payment transactions.
Well, it can be an asset if you will try to make it grow and make it wealth.
Well, it can be an asset if you will try to make it grow and make it wealth.
Bitcoins is a digital currency but it can be also your asset at the same time because the value of you coins is growing and that what makes bitcoins good for longterm investment. Everyone is investing in bitcoins because of its currency.
Indeed, It depends on the user how he wants to use it. Bitcoin has dual nature and offering variety of services to the community, personally I believe this is the reason why bitcoin is so popular these days. It has something for everyone i.e. investors can sue it as long term investment instead of gold and real estate, retailers can use it for clearing their payments, students can use to clear their tuition fees. In short, bitcoin is a complete package for everyone.
It's both, Bitcoin is an asset and a form of payment, bitcoin is programmable money.
Bitcoin is an asset and a currency, why? because we all know that when something has a value it is an asset and bitcoin has a value we can convert it through cash when we need it. bitcoin a digital currency that we can use online. When you invest in something using bitcoin it is also a part of currency.
Bitcoin is the only currency (cryptocurrency) having two roles in the society which giving the very big returns where non of the currencies can even come close to it so I consider bitcoin as asset. About currency this is the next generation currency which give us the possibility to access worldwide and alternative for the paper currency. Now the world has realized that bitcoin is part of the world currency and they have to update themselves accordingly.
I dont think so. Bitcoin is an asset more than an currency. Because the transaction speed is too slow. But you can store it likes an asset for the future
Generally bitcoin is just a currency but if you have bitcoin and you hold it in your wallet for the better future of bitcoin, we can call bitcoin is an assets or a representation of your wealth because bicoin is considered as wealth .
Both, bitcoin is an electronic currency that you can use as a medium of exchange in different financial transaction. At the same time it is your asset for your bright future; which will secure your investment and earn a high interest. Bitcoin plays the two big roles in human’s life, wherein it’s not just only a simple currency but it helps your life become easier.
it can indeed be used both as an asset and as a currency.. as an asset at the moment is more acceptable to me...because as a currency - potentially problematic - there are not many polaces where it can be calculated by bitcoins
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