Topic: Bitcoin is an asset or currency. - page 35. (Read 8542 times)
Bitcoin is created to be paid for goods and services. But since its value is continuing to increase, it has become an asset. Therefore, it is both an asset and a currency. Bitcoin becoming an asset is not a bad thing. There is nothing we can do for that. Do not worry. Just keep on earning bitcoin and investing on bitcoin. Just go with the flow.
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 it means both, it is both an asset for us to hold for a long time but it is also a payment currency.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 ??
I think it means both, it is both an asset for us to hold for a long time but it is also a payment currency. 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 ??
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.
Bitcoin is still my choice, because bitcoin has an asset and you can use it in the long run.
Bitcoin is world's most crypto currency now.I think that Bitcoin is both assets and currency. It is an asset to invest because of the growing price is increasing day by day.So bitcoin is an asset and currency too
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.
well it differs significantly depending on your jurisdiction, there are countries who considers bitcoin as a currency, where as others consider it as property or an asset, some considers it as an asset-like value, so in conclusion it depends upon your jurisdiction and the law governing Bitcoin.
I think both. It's an asset and at the same time a currency in digital world. Asset because it serves as an gold to your computer that can increase and decrease it's value depending on time and currency because it is used to buy , sell and trade a product or the btc itself.
I think bitcoin is an asset for investment because of the growing price growth so it is perfect to be a profitable investment commodity choice.
I think, the bitcoin at the moment combines functions of a digital asset and currency. In a traditional sense each currency has the Central Bank and the state acting as guarantors of this currency. Traditional currencies in itself don't bear any other function and value, except the function of exchange and value provided with the involvement into national economy and the world. Such assets as precious metals are limited in quantity, are rather difficult got. Precious metals have additional functions: are used in production and as a jewelry. By analogy the bitcoin is limited in issue, its production becomes harder and harder every year. The bitcoin has no collateral functions: at the moment it can be used only for exchange as means of payment and accumulatings. It pulls together it with other digital assets.
By definition:
An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit.
Hence, I presume you can intent it as both, as long as you fully control the private key.
An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit.
Hence, I presume you can intent it as both, as long as you fully control the private key.
Bitcoin created to be currency but bitcoin now is also good asset due to the increasing price of it. There is no problem whether bitcoin is considered as currency or asset, Bitcoin is a medium of exchange that better than the current currency that we use for daily life.
Does it matter if bitcoin was a assets or a currency? No it does not. In theory , bitcoin is currency but these days practically people are using it as an asset, a very valuable asset.
The thing which is far more important is how much one holds the bitcoins, the more you have the amount of bitcoins, the more happy you are seeing the price rise of bitcoins.
For me bitcoin is currency, you can use it for what ever you wish or you can trade it for other currencies and earn from that or spend them in that way. Bitcoin can be asset too, just because price is constantly growing, and in that sense bitcoin can be seen as investment. Bitcoin made fast rise, that's why its attractive as asset, other currencies also rise but not so fast and that is what confuse people.
First currency then asset is my opinion, and bitcoin will rise more so as long as it rise it will be good asset.
First currency then asset is my opinion, and bitcoin will rise more so as long as it rise it will be good asset.
I prefer to say that it is more like an asset
I see it as a bartering chip
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 ??
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
It's an asset for me, a form of investment. For me it will become a currency when I can use it to buy goods and commodities which is not the case for now.
Yeah it depend on the user how he want to keep it and now most of people are unknown that it is basically a currency all are rushing to invest in it and then they use it as asset and hold their coins for long term and a lot of people are using it as currency also they do their shopping through It and it gives benefits in all the ways it can be used and I am using it as asset because it will help me in the future to live lavishly. 
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 would depend on how one treats it. and is that necessarily a bad thing ?? and what can we do about it as a community ??
1. Purchase bitcoin and hold it for a reasonable amount of time having increased value, then it's an asset.
2. Use bitcoin in making payments 💸 for goods or services, then it becomes a currency.
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