Topic: Bitcoin is an asset or currency. - page 33. (Read 8542 times)
Probably, now bitcoin is used mainly as an investment. The main reason is the profit, as it is an excellent contribution that is constantly growing. The second reason - bitcoin while there is nowhere to spend, in my country I do not know such places where you can have lunch or drink coffee for bitcoin. It's all ahead.
for me bitcoin is an asset right now, why? because i can't use it free in my country, offline or online its just little shop that will accept bitcoin as the payment, so right now i make bitcoin is an asset with some hope that bitcoin will 100% work in my country
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.
From my opinion bitcoin is an asset rather then currency. If you hold it for log time then you will definitely get profit. Actually when bitcoin price will increase then your profit also will increase. Profits depend on bitcoins price up and down////
Somehow it is designed for both purposes. Bitcoin can be used to buy goods and any other services while many use it as a way of earning more bitcoin thru trading and exchange.
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, on my opinion, I think it can act both as a currency and an asset which makes it really unique compared to other sets of existing currency in the international market. It act as an asset in a way that you can invest it just like what you have said wherein you can grow your invested money into numbers which will give you a profit from the initial money you have invested. It also act as a currency obviously from its name bitcoin cryptocurrency because mostly on the countries wherein bitcoin has been already legalize, they use it in terms of payment to avail or purchase products and services. and is that necessarily a bad thing ?? and what can we do about it as a community ??
I recognize it as an asset and a currency. It is an asset because its price increases over time. It is also a currency because it can be used for online transactions. Bitcoin's price has increased fast this week, I consider it as a great asset.
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 ??
Yes bitcoin is an asset and also a currency, I can say bitcoin still functions as a currency and an asset. At first, the main purpose of creating bitcoin is to use it as a digital currency, bit due to its value that continue to rise over time, people consider it as an opportunity to gain profit. So that how it begins to be an asset. On the other hand.and is that necessarily a bad thing ?? and what can we do about it as a community ??
Precisely, if indeed we are to benefit then it is definitely the main thing to do is to find a place that provides that opportunity. Because if we don't have a place that provides an opportunity to achieve our goal surely it would just be a dream, it's very profitable for us Bitcoin but one thing we have to remember that bitcoin can give advantages and disadvantages depending on how we use it. Don't ever assume bitcoin can bring money to the ktia without any hard work.
Both. Bitcoin is an asset because its value increases over time and it is also a currency because it can be used as a mode of payment for online transactions worldwide.
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 believe its both a currency and an asset why?
currency because we use bitcoin as a medium of exchange to get the goods we want and to compensate for work it has many and wide use
same time asset because its capital appreciation is one that bitcoin can boast as form of investment
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 bitcoin is an currency in which I can exchange it in valuables things and I can also use it in some transactions like paying bills, shopping on online market and many more. In addition to that, I can say that bitcoin is also a good investment because if you invest in bitcoin you can assure that your money will multiply.and is that necessarily a bad thing ?? and what can we do about it as a community ??
Bit coin is a crytocurrency.
many people here need a bit of explanation regarding assets. Currency is money/cash right? cash is under assets in financial statements so if you are asking if bitcoin is an asset or currency it is both, bitcoin is a currency at the same time a cash but it is virtual, assets are properties own by individual or company including its rights and obligation and one of those are cash.
Bitcoin is both of them. Fast, reliable now and borderless, it's a very useful type of currency but speculations cause you some doubts about its fundamental nature.
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 used for various purpose and its depends on user.Many people use bitcoin gambling.and different betting service .But most of people used its trading and investment. and is that necessarily a bad thing ?? and what can we do about it as a community ??
Bitcoin is not asset. It digital currency. So it will use to any where for the further process. It will change to move process and any purchases. Asset is a not movable case. So it will not use for all purpose. Bitcoin price change every time but asset not increases every day. it will tack time to improve the prices.
Well bitcoin is more like currency than an asset because we can exchange goods, transact and pay some bills with bitcoin just like a currency can do and also it is a investment but unlike gold bitcoin can make an easy profit due to it price constantly rising. but for the traders bitcoin is an asset just like a share of a company. but if you ask me, bitcoin is a currency why? because Satoshi made this coin as a currency where we can do peer to peer transactions free from centralization
Because the price is always increasing. Bitcoin can be considered an asset. Bitcoin is simply a medium of digital value exchange with a form of local money or from digital value to the form of goods. in my opinion like that.
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 bitcoin is an currency in which I can exchange it in valuables things and I can also use it in some transactions like paying bills, shopping on online market and many more. In addition to that, I can say that bitcoin is also a good investment because if you invest in bitcoin you can assure that your money will multiply. and is that necessarily a bad thing ?? and what can we do about it as a community ??
It is obviously an asset now much like Gold, so it is now considered as very serious investment option and that is for the valid reason as well! Future is definitely for the Cryptocurrencies and that is UNLIKELY to change!
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