Bitcoin is an asset or currency. - page 30.

zais

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Quote from: YaChou on October 17, 2017, 10:52:55 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 ??

good question. if the bitcoin is said to be a currency of course can only be
made in the means of payment alone there is no advantage that can be in .. more precisely the bitcoin assets that can be in the lag and traded where the profit depends on the price of the asset itself

The Alchemlst

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Quote from: YaChou on October 17, 2017, 10:52:55 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 ??

It is made to be a currency but right now bitcoin is appearing to be more of an asset than a currency since it is yet to reach its cap and its demand is still rising which makes it a good asset. Since most of the people hold investors its purpose as a currency is yet to be seen as long as its number is very limited.

Ezmael Wright

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Quote from: YaChou on October 17, 2017, 10:52:55 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 ??

I think the same are assets and currencies. Assets because the value of bitcoins is rising and can also be Currencies because we use it to pay for online shops

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Need some spare btc for a new PC

Quote from: Jamboo30 on November 23, 2017, 10:33:40 AM

BTC is an assert or curency depends on people who have the way to use BTC.
If someone have a amout BTC but the dont exchange to money and hold it, it is an asset.But some one use BTC to exchange to the currency as: USD or EUR, it is the curruncy, very simple.

Is gold an asset or a currency? If you ask me, gold is an asset even tho, probably, there are a few people around the world that use it as a form of currency. That would go the same for bitcoin. There are people that are using it as a currency but there's a huge majority that buy bitcoins or acquire them and just hold them then selling them for fiat and repeating the process again. I don't know but that sure looks like an asset more than a currency.

Dailyroberts

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Quote from: qwertyup23 on November 23, 2017, 10:46:02 AM

Quote from: YaChou on October 17, 2017, 10:52:55 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 ??

It can be treated as both since it purely depends on the user's purpose on it. Generally, bitcoin is regarded as an asset since people mainly use it as an investment for short term or long term purpose. Otherwise, mostly view it as a currency since its value can be convertible into fiat, considering its significantly high price on the market. Others view it as both since they withdraw their bitcoins for emergency purposes while retaining some for their investments. Like I said, it purely depends on your use and your perspective on how you view it.

Bitcoin is the mixture of both. It's not a pure currency and it's not a pure asset. It's in the gray zone in between these two. That's why lots of taxation discussion is now taking place in united states. They want to define a classicification for bitcoin.

qwertyup23

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Quote from: YaChou on October 17, 2017, 10:52:55 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 ??

It can be treated as both since it purely depends on the user's purpose on it. Generally, bitcoin is regarded as an asset since people mainly use it as an investment for short term or long term purpose. Otherwise, mostly view it as a currency since its value can be convertible into fiat, considering its significantly high price on the market. Others view it as both since they withdraw their bitcoins for emergency purposes while retaining some for their investments. Like I said, it purely depends on your use and your perspective on how you view it.

jokilax

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Bitcoin is good asset and currency also,it is good for profits.bitcoin is most popular currency and easy to send and receive the money through the internet.bitcoin is investment plan for long short time.it is easy to exchange.

Jamboo30

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BTC is an assert or curency depends on people who have the way to use BTC.
If someone have a amout BTC but the dont exchange to money and hold it, it is an asset.But some one use BTC to exchange to the currency as: USD or EUR, it is the curruncy, very simple.

jayhawk1

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Quote from: mintomia199 on November 15, 2017, 07:41:04 AM

in my opinion bitcoin is not only currency but also it is a asset for me.i am holding bitcoin to get some profit from it. and lots of people are doing that.so it an asset for them and also it is a cryptocurrency.

I think it’s both asset as well as its currency because if you keep bitcoin for your future so it can help you and if you want to use bitcoin so you can also use it for your daily expanse because bitcoin is such currency which is providing a lot of good things to the people so I think if someone have a bitcoin so he can change his life in a short time.

jhewlijw

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Bitcoin is currency and asset also.some people are investing on bitcoin for future so, it is best asset.bitcoin is popular currency,easy to exchange.

IgniHash

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Quote from: YaChou on October 17, 2017, 10:52:55 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 ??

At this moment, i can say bitcoin is an asset for me. Sometime i trade it to an exchages, if the bitcoin price drop. I switch to usd to maintain the value. Then but it again in the lowest price.

Luckym7

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Quote from: YaChou on October 17, 2017, 10:52:55 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 ??

What is asset ? Asset is any kind of think as like Land but bitcoin is a digital currency it is not a asset .

mhayandal

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bitcoin is a currency and also an asset by the holder,because bitcoin increased the value of itself the more the value increases their is a big chance to get more profit by that,it can use as an asset in the future investment like potential platforms.

chip1994

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Quote from: ms.sexy on November 18, 2017, 11:29:22 AM

Quote from: YaChou on October 17, 2017, 10:52:55 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 ??

Both, Bitcoin is an Asset and Currency. In asset some percentage like 80% hold Bitcoin for the longterm and make 15k$ as soon as possible. while Currency you can used in online ways like trading, buying some good, monthly payment bills. and can peer to peer to to transact on some other friends that really trusted

You can't make the price of Bitcoin increases to $15,000 soon Grin

. It depends on the demand of investors. More investors want to buy Bitcoin, own it, the demand will increase and the price of Bitcoin will also raise more to correction the demand and supply. No one wants to sell a famous asset with cheap price.

ms.sexy

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Quote from: YaChou on October 17, 2017, 10:52:55 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 ??

Both, Bitcoin is an Asset and Currency. In asset some percentage like 80% hold Bitcoin for the longterm and make 15k$ as soon as possible. while Currency you can used in online ways like trading, buying some good, monthly payment bills. and can peer to peer to to transact on some other friends that really trusted

cryptokath19

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Quote from: YaChou on October 17, 2017, 10:52:55 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 ??

Bitcoin are both Asset and Currency, because Bitcoin is an asset by Holding it for the big future and also Bitcoin is a currently that can be used for buying goods, payment for the monthly bills, sending money to family and also do trading

Trela

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Quote from: jovs on November 17, 2017, 12:57:46 PM

Quote from: valentin68 on October 17, 2017, 11:03:56 AM

At the beginning bitcoin was meant to be a currency. This is how its creator wanted it to be: a currency whose transactions will be anonymous and will not have the possibility to be contested by any of the parts of the transations. Once the money is being sent, the transaction can be shown to the other person there is no doubt that the money were sent (and received). Because it is so good, because its price has gone up, the bitcoin became little by little also an asset.

Yes bitcoin is meant to be a form of currency to bring a faster way of transaction in a more technological bade transactions. But as the market accept bitcoin on transaction and as the stock move to the market people also notice the capability of bitcoin to fluctuate having a currency that has a faster way to grow or to run making it a form of asset on investments and in daily base transactions.

The Bitcoin user changed the nature of Bitcoin. The fact, Satoshi Nakamoto created Bitcoin to help the world have a currency can replace the primary currency system controlled by the government. With the cryptocurrency, the world's economy will not depend on the government, all thing will depend on the user and control by user.

NoNetwork

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It sure is an asset. No matter how you look at it, it will still show itself as an asset. By making daily transactions, using it to pay bills, buying things or items, or even use it as an investment, name it will still look like an asset.

Well, depending on how you will use it ofcourse. If you are a big money spender like, you spend your time and money through gambling then, you can definitely use this. By joining in an online gambling site using Bitcoin then it is the right currency for you. If the chances is in your favor by winning many time then the volatility of Bitcoin is the only thing you're going to look out for, it is also a sort of gambling material.

shiv06

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Bitcoin is currency, Bitcoin currency is release 2009 by Santoshi Nakamoto and symbol is BTC, XBT. BTC is best way invest, by learning bitcoin digital cryptocurrency and BTC investment will be smart investment and earn more profit.

jovs

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Quote from: valentin68 on October 17, 2017, 11:03:56 AM

At the beginning bitcoin was meant to be a currency. This is how its creator wanted it to be: a currency whose transactions will be anonymous and will not have the possibility to be contested by any of the parts of the transations. Once the money is being sent, the transaction can be shown to the other person there is no doubt that the money were sent (and received). Because it is so good, because its price has gone up, the bitcoin became little by little also an asset.

Yes bitcoin is meant to be a form of currency to bring a faster way of transaction in a more technological bade transactions. But as the market accept bitcoin on transaction and as the stock move to the market people also notice the capability of bitcoin to fluctuate having a currency that has a faster way to grow or to run making it a form of asset on investments and in daily base transactions.

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