Topic: Bitcoin is an asset or currency. - page 32. (Read 8562 times)
if I think bitcoin is a digital currency because bitcoin is now using a lot of transactions using bitcoin. therefore I declare bitcoin is the currency ...
I think bitcoin is a property and a currency. Bitcoin is very valuable, it is a lot of buyers to hoard for the future. Like gold, if you buy more and more profits on higher bitcoin. On the other hand, btcoin is also considered as a currency, which can be used to pay for some items
yes the bitcoin is now very valuable an d the best currency it is having a lot of the value of the new age and now almost all the people are buying the bitcoin and they are holding if for the best value, it is not only the asset but it is the main source of the income for them today if you will buy one bitcoin you will see it as the highest price and the value in the future so if you are having the bitcoin you are very lucky.
Is bitcoin an assets or currency?? Ok just for me, will when we say assets is something that you owned or should we say property and currency or should we say money...
But both of them are similar and important to us as a human being, for me its the same because they are one of the role of our life.
But both of them are similar and important to us as a human being, for me its the same because they are one of the role of our life.
Bitcoin is both. But until the market matures it will be used a lot more as an investment asset rather than as currency. In 5 years it will probably start shifting to being more of a currency once it has reached global adoption (6 figures). The other side of this is the technical innovations to allow it to be used as a payment platform for any amount of users are not yet in place and will likely take a few years to fully implement, so the time it takes for Bitcoin to grow into a mature asset before becoming a useful currency allows the time needed for the technical upgrades that will actually let it be used as a currency on a global scale.
Until it is mature the price will be growing exponentially, so most people see much more upside to holding it as an asset than spending it as a currency. This is why fiat currencies are inflationary, to make people want to spend money rather than hoard money. But once Bitcoin has reached mass adoption and is no longer growing exponentially people will start using it more for payments. By this time it will be accepted in most major online outlets and maybe even a good amount of brick and mortar stores.
Acting as an asset is how it gets popular which leads it to eventually being used as a currency once it has matured.
Until it is mature the price will be growing exponentially, so most people see much more upside to holding it as an asset than spending it as a currency. This is why fiat currencies are inflationary, to make people want to spend money rather than hoard money. But once Bitcoin has reached mass adoption and is no longer growing exponentially people will start using it more for payments. By this time it will be accepted in most major online outlets and maybe even a good amount of brick and mortar stores.
Acting as an asset is how it gets popular which leads it to eventually being used as a currency once it has matured.
I think bitcoin is a property and a currency. Bitcoin is very valuable, it is a lot of buyers to hoard for the future. Like gold, if you buy more and more profits on higher bitcoin. On the other hand, btcoin is also considered as a currency, which can be used to pay for some items
I think Bitcoin is an asset as well as a currency that can be used online shopping site that provides payment via bitcoin.
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 ??
Actually bitcoin can also be considered an asset because we just buy some coin And wait a few months to in exchange when the price has increased.That's where the greatest opportunity for you to gain a profit.and is that necessarily a bad thing ?? and what can we do about it as a community ??
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 ??
I guess for me that bitcoin is a currency and not an asset. We make money here in bitcoin by posting on a topic or investing some money.
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.
At first bitcoin was used as a currency that can be paid to any bills or buy anything using bitcoin, but time pass nobody uses it as currency because of its huge value in the market, now everybody sees bitcoin as an asset that can be hold as a capital to invest in this industry and can be keep and exchange it with the higher value of bitcoin.
first time, creator use bitcoin as transaction with believer. so you can make transaction with other people that accept bitcoin as payment. but now, many people or organization need bitcoin and will buy though it have expensive prise. smart people use that situation to make them got more profit.
and it be happen until i dont know when bitcoin or other coin die
and it be happen until i dont know when bitcoin or other coin die
In my opinion, bitcoin is not an asset, but a currency
I think Bitcoin Is an Asset , It is a money making machine by which we can generate our money double.
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 ??
Actually bitcoin can also be considered an asset because we just buy some coin And wait a few months to in exchange when the price has increased.That's where the greatest opportunity for you to gain a profit. and is that necessarily a bad thing ?? and what can we do about it as a community ??
Bitcoin is currency and asset both.anyone can bitcoin and convert it in his local currency as his wish.so it is asset and currency both i think .Thank you.
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 ??
Well for me its pretty both and its all up on the person who hold their own btc. Some uses it for investment , saving it for the future or waiting for the possibilty of btc's value going sky high and that makes it an asset. Some are using it to buy their needs and wants by converting it to physical money, that makes it a currency as well. Thats just my simple opinion.
as i know bitcoin is a currency not an asset
Bitcoin may not be perfect answer to inflation but Bitcoin thus possesses both property of stock commodity/asset and currency. Do you know that some stores now accept BTC as payment? That is primary definition of currency. The value of currency also appreciate and depreciate in value even though not as volatile as Bitcoin. Bitcoin is still in its early age to show up full properties. In 10/20years time. While there is much value to it. It can then become whatever any governments want it to be either commodity or currency.
This matter remains a debate ever since up to this moment!
In the story of the evolution of money, we have come a long way from barter to cowries, coffee beans to coins, paper currency to plastic currency and the latest one on the line is “Bitcoin”. It is a “decentralised virtual currency” that took its shape after the subprime crisis of USA somewhere in 2008.
Ever since then, it has been awarded a number of hit and trials- being used a currency, in black marketing, round tripping, drug selling, hoarding (virtual gold) and as a ransom; as in case of ransomware attack by “wannacry”.
In the story of the evolution of money, we have come a long way from barter to cowries, coffee beans to coins, paper currency to plastic currency and the latest one on the line is “Bitcoin”. It is a “decentralised virtual currency” that took its shape after the subprime crisis of USA somewhere in 2008.
Ever since then, it has been awarded a number of hit and trials- being used a currency, in black marketing, round tripping, drug selling, hoarding (virtual gold) and as a ransom; as in case of ransomware attack by “wannacry”.
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 ??
Well for me its pretty both and its all up on the person who hold their own btc. Some uses it for investment , saving it for the future or waiting for the possibilty of btc's value going sky high and that makes it an asset. Some are using it to buy their needs and wants by converting it to physical money, that makes it a currency as well. Thats just my simple opinion.
Jump to: