To my mind it depends on your target of bitcoin
If you save bitcoin and planning to richvrequested value and finally sell it with profit - it is asset
If you use bitcoin for buying different goodsit is currency
It just only my idea))))
Topic: Bitcoin is an asset or currency. - page 34. (Read 8562 times)
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 bitcoin is an asset for me.Because i got currency from bitcoin .As a result i have a solvent due to bitcoin.
You are referring to the fact that bitcoin is both an asset as well as a currency. You can hold bitcoin and use them at difficult time which makes it an asset and you can use that to buy things so it is also a 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 ??
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 ??
Bitcoin is easiest to call a kind of hybrid asset with an evolving legal framework. The digital currency features the following features: decentralized nature, anonymity, high transaction speed, reliability, lack of regulators. If you look practically, today bitcoin is used mainly as an investment, even more speculative asset. One can observe attempts to create its currency functionality, but so far this format of using crypto currency has not gained much popularity, since its price is too unstable. As the preservation of the cost of bitcoin, and even today it is impossible to use.
currency and asset are closely related and I think Bitcoin is both as it can be used as a currency but can also be used to sit on as an investment.
I think bitcoin is an asset for me.Because i got currency from bitcoin .As a result i have a solvent due to bitcoin.
In my opinion the bitcoin is more a asset than a currency because there are more trade than the real use of the bitcoin as a currency, and the most of the traded bitcoin is not by the users, but of big investors wich are trying to make money with it.
Both. Bitcoin is attractive as an asset to hold because of it's scarce and the value of it is increasing. It is also a currency because it's can be used for financial transactions globally.
For me its a currency because its already been proven that you can change to real money.To make it as an asset simply just convert to real money.It depends on how you use your bitcoin, you may hold and invest it for long term or convert it to fiat and find a business that can provide you a real 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 ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
Bitcoin is a crypto currency, it should be used as an online currency, but since it is still
on its starting stage where not much use is available for it, we can still consider the coin
as an asset that can be used for trading. the value will change from time to time until
such time that it will be used as a currency.
right, nowadays, bitcoin has not been accepted worldwide. so in my opinion more suitable for investment tool. prices go up and always experience a significant price increase every year.
someday, if bitcoin has been received by the world, I am sure that bitcoin can be the most popular alternative currency for transactions.
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 ??
Usually its being use to buy service, but since people are trying to buy bitcoin join an investment like potential platforms, it could be an asset in the future. Bitcoin can also be a currency that use for buying as mentioned. And for the community itself, this will be usefull for faster system of transactions which blockchain can provide
If Bitcoin become a currency its value will be stable
It is not necessary. Look at the fiat currencies around the world. For some of the currencies such as the RUR and UAH, the annual fluctuations can be more than 200% to 300%. Look at the case of the Russian Ruble. It's exchange rate against the USD went from 32 RUR per 1 USD to 75 RUR per 1 USD in less than a year. And in a few months, it recovered back to 57 RUR per 1 USD.
In my opinion, bitcoin is both like asset and currency. First goal of bitcoin was built is for currency that we can use for payment.
Now its also good for investment asset that can we hold for long term and get profit.
Now its also good for investment asset that can we hold for long term and get profit.
Well, there is a slight debate that Bitcoin should be classified as a currency, as an asset or a just a computer software. Theoretically, it fits in every section, However practically it was invented to solve the issues in the traditional fiat system so primarily it is a currency. Then, since users can store their wealth in it, it is an asset too and at the end, it is a computer software. Personally, I see it as a currency which might not be suitable for the definition of a currency we learned so far.
Yes, bitcoin is a wealth. Because it can be used instead of the currency. People have to buy something or not every day for the life of beggars and the money needed for it. But we have to use bitcoin instead of this money. Most people still do not know about it.
In every situatio,bitcoin is asset or currency.If you save them in your wallet then it is asset fir you.If you trading by them, it is currency.Its depends on you.
If Bitcoin become a currency its value will be stable,so Bitcoin is an asset,base on my study and research there are two big problems with bitcoin as a currency,its value is unstable and its transaction processing is to slow.
I think Bitcoin is both an asset and currency. Just like current Fiat, these dollar notes are your asset and at the same time also a currency. Bitcoin is Cryptocurrency too.
But for me as of now is only an asset because in my country I can't exchange to currency so easily yet.
Bitcoin should be considered as a currency because it the basic function why it was created. Bitcoin is meat to give peer to peer transactions but considering it as asset is totally an individual choice. Asset is something which provides regular profit at proper interval of times and due to volatility factor Bitcoin can't be considered as an asset as its value keeps on increasing and decreasing over the time leading to no proper Returns.
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