Topic: Bitcoin is an asset or currency. - page 3. (Read 8562 times)
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.
If we will based right now, it is just an asset because bitcoin is just an asset since it is just helping the people to grow their money based on the supply and demand in the market and people are not using it to buy anything like in the malls because of the expensive fee and that is the reason for bitcoin to not become a currency but in the future who knows, maybe bitcoin might become a currency and get accepted.
Bitcoin is Digital Assets, Not Currencies, bitcoin is more appropriately called investment assets in digital form or called digital assets. until whenever the use of bitcoin is not to replace the recognized currency as a payment system
Bitcoin is an electronic asset which can operate through the internet and the computer. Currency is a physical money which can handle freely, the bank note.The bitcoin legalized countries are using the bitcoin like the currency and the people are that much familiarized to use bitcoin for their domestic purposes.At present bitcoin is getting popularized in the world wide more people are attracted or involved in the bitcoin use .By considering the usefulness of bitcoin very shortly bitcoin will be the global currency can use any where and every where.
Bitcoin is currency for me . Because i can use Bitcoin almost every country and i can exchange it to other currencies and i can buy Bitcoin with other currencies too , because of Bitcoin is currency for me.
Well there is no doubt that bitcoin can defined as both currency and asset but i think many people here in crypto world still defined the bitcoin as a currency, and i agree on it we all know that with bitcoin we can used it fot our transaction, we can buy load with bitcoin and bitcoin has so many function. 
I think that when we are joining this cryptocurrency , I do not think that this bitcoin is just for currency for payments and exchange only , I think of it as investment for our money then if this will grow, I considered it ad an assets not only currency.
Actually it was both, we can consider bitcoin as an asset and currency but most of us used it as an asset of investment because it gives profit to us everytime its value rise. Just like fiat and kther currency we can also used it for transaction or transfering money. But still bitcoin usage now was just limited. 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 ??
It's simply both.
Bitcoin is attractive as an asset to hold because of it's scarce nature. Bitcoin is also attractive as a currency because it's borderless, permissionless, and pretty fast and cheap (except when Roger Ver/Bitmain are spamming it).
So for some use cases like buying a VPN, bitcoin is the best 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 ??
Why is it bad? I think Bitcoin and other crypto are more deserved as a digital asset than making BTC as a means of payment. because their prices are very volatile and is that necessarily a bad thing ?? and what can we do about it as a community ??
Most of the bitcoin holders treat it as an asset whether to hold for future value increase or to trade against other coins. But I think It's better as a currency, as the rates are fluctuating you'd be better off spending it as and when you earn it.
Bitcoin is currency for me . Because i can use Bitcoin almost every country and i can exchange it to other currencies and i can buy Bitcoin with other currencies too , because of Bitcoin is currency for me.
Generally Bitcoin atom can be simultaneously and assets, their currency. The fact is that for many users Bitcoin already is even a means of payment, because they have the opportunity to pay bitcoin on their accounts ..
Do you know by chance which countries treat it as an asset and which as a currency? Just curious
Bitcoin is a lot of uses, bitcoin is an asset and it is also curenccy. Bitcoin is an asset to hold at a period of time, and it is also a currency a digital curenccy that we can use to pay bills trough internet with no hassle.
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 ??
It's simply both.
Bitcoin is attractive as an asset to hold because of it's scarce nature. Bitcoin is also attractive as a currency because it's borderless, permissionless, and pretty fast and cheap (except when Roger Ver/Bitmain are spamming it).
So for some use cases like buying a VPN, bitcoin is the best currency.
I think, right now, bitcoin is more appropriately called investment assets in digital form or called digital assets. And I think, people prefer bitcoin as investment asset instead of using it to buy goods or pay for services.
Payment using bitcoins is great but the fees and the transaction time is making a lot of people think that it is not worth it.
Bitcoin is mostly used as an investment and not a currency the most reason people say is that it is very volatile having doubts whether they will accept it or not since it may dump and it's high fee.
Bitcoin nowadays was mostly used as an investment asset. As the use of bitcoin was limited now and only few accept it as a rule of payment, people used it as an investment which gives them more profit. It was less consider as a currency now because mostly you must first convert it before you used it.
I think that when we are joining this cryptocurrency , I do not think that this bitcoin is just for currency for payments and exchange only , I think of it as investment for our money then if this will grow, I considered it ad an assets not only currency.
For me Bitcoin is an asset,because for most legal purposes, it’s easier if you treat it as an asset. If you treat it as an asset, then you use all of the standard laws regarding assets, whereas if you treat it as a currency, it turns out that all sorts of special laws kick in which makes things more complicated for everyone.Legally speaking, there are usually pretty strict requirements that need to be satisfied for something to be considered a “currency” (i.e. it’s issued by a government). Since those requirements aren’t satisfied with bitcoin, it’s natural to for it to be considered an asset.If there was some advantage for bitcoin to be considered a currency, I’m sure that a lot of lawyers could come up with arguments that its a currency. But usually treating something as a currency makes your life more difficult.
Bitcoin is surely more an asset than a currency. When you start to deal with Bitcoins, you can invest the cryptocurrency in the ICOs or other business.
I really want to buy a lot of bitcoi in order to make btc as my future asset because its value is cheap and has big potential to skyrocket
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 seems to me I think that bitcoin is an asset and a currency at the same time.because the value of bitcoin keeps increasing.If you hold bitcoin for long time you can have more profit while you sell it. and is that necessarily a bad thing ?? and what can we do about it as a community ??
specifically, BTC created with purpose as currency. if we look deeper thoroughly. how can be currency cannot be seen as an asset anymore.
logically if you have any fiat currency whom have the price and you have these with lot amount it could be assumed an asset. regardless its price is volatility or not
it all of my opinions .
logically if you have any fiat currency whom have the price and you have these with lot amount it could be assumed an asset. regardless its price is volatility or not
it all of my opinions .
In my opinion, this bitcoin is a digital currency that can be used for transactions but this bitcoin can also be a long-term investment asset for our children later because bitcoin has a very good potential for investment or store your assets for future needs or needs you
Generally the best choice of payment for a transaction is ETH. I have always preferred to invest in this coin. I know that the etheric will not lead in the near future and will increase in its price. the same I want to say that this coin is more stable from Bitcoin. Jump to: