Bitcoin is an asset or currency. - page 37.

Colt81

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Quote from: YaChou on October 17, 2017, 11:52:55 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 ??

As of now you can used it as currency and asset. However, I prefer to used it as currency where I can exchange it in some stuffs and I can also used it as payment in some bills and on online stores. Lastly, bitcoin is a good investment for long term and its because of the price.

Brigalabdis

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i think bitcoin is assets and also currency because you can buy or sell it. bitcoin is like a gold that every year or month the value is still rise.

gold is a fiat before but now it is assets.

satish37

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None of them not asset nor currency , Bitcoin is a form of digital currency, created and held electronically. No one controls it. Conventional currency has been based on gold or silver,
Bitcoin is based on mathematics. Bitcoins are ‘mined’, (using computing power in a distributed network). Bitcoin is just Bitcoin

Catch-22

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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.

Pettuh4

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Quote from: chocolah29 on October 28, 2017, 10:51:32 PM

Quote from: millgates on October 28, 2017, 09:58:27 PM

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.

Like gold, bitcoin now is also a reserved asset as these two are can be mined and both are hard to mined. But nowadays, bitcoin is use more in currency for spending and paying bills and as investment that's why it's so versatile for our everyday usage and bitcoin now are catching the interest of many.

Well it actually depends on each individual and what he wants with bitcoin, i prefer to keep majority of what i own for the future whereas i have a few that riotates around in my online wallets for my gambling needs and other petty purchases.

BlockFolksHQ

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After attending the Charlie Lee, cofounder of litecoin, in Singapore. He mentioned about bitcoin is treated as a store of values. Even though we have so many alt coins now with functions like smart contracts, bitcoin is still consider one of the best coin to have because of the global recognition and it able to tank the price well.

uztre29

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Bitcoin is both an asset and a currency. At first, Bitcoin was only used for transactions. It can be paid for goods or services. But since its value increases too much, it became an asset. Rich people and/or investors took that as an advantage.

chocolah29

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Quote from: millgates on October 28, 2017, 09:58:27 PM

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.

Like gold, bitcoin now is also a reserved asset as these two are can be mined and both are hard to mined. But nowadays, bitcoin is use more in currency for spending and paying bills and as investment that's why it's so versatile for our everyday usage and bitcoin now are catching the interest of many.

LogitechMouse

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Quote from: YaChou on October 17, 2017, 11:52:55 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 for me it is an asset at the same time currency. Why? The definition of asset is anything that can be converted into cash and another definition of asset is anything that can give you income. Bitcoin can be converted into cash and it can give you income too in many ways. Currency's definition is generally accepted form of money. Some establishments now are accepting bitcoin as a payment so its also a currency. So for me its both an asset and currency.

gilangIDR

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I consider bitcoin as an investment and a currency. Many people today are more likely to use bitcoin as an investment because they see that Bitcoin investing is very profitable. Many people who have been successful because of investing in bitcoin. But we also should not avoid using bitcoin for currency, because by using bitcoin as currency continuously then it can increase the development of bitcoin.

millgates

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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.

aezotxmb

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I think it's not necessarily bad news from another point of view. This shows that many people began to focus on bitcoin, but also on the issue of bitcoin and commodity transactions, this is not good news?

Majharul Saiif

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I think bitcoin is both assets and currency too.Bitcoin is the world's best currency now.Actually,you hold your coin few days.After some days it will brings money as a profit. So, it is a asstes for anybody. So I think bitcoin is not only assets but also currency

tevayo

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Bitcoins is a asset now. As in my opinion, bitcoin is an investment more than currency. As the price of bitcoins is increasing rapidly. Bitcoin prices fluctuates a lot. Results in it is that investing money is increasing doubled tripled. Bitcoin is in a short time span become a big topic. It is asset because by investing in it one time after few years it will be quadruple of its previous value. And it has additional benefits also. Bitcoin is become 40times since its origin.

Bitcoinjheta

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Quote from: erox on October 28, 2017, 04:52:47 PM

This is a complex issue. Personally, I think that bitcoin is something between asset and currency.

Technically speaking they are both currency and at the same time an assets because they have the capability to purchase goods and many other things done through internet transactions using bitcoin or any other cryptocurrency that are tranferrable to a coin they wanted it.

erox

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This is a complex issue. Personally, I think that bitcoin is something between asset and currency.

JL421

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Asset always i really love holding bitcoin it really gives me a huge amount of profit , i also trade sometimes here and there this enables me more and more earning opportunities I'm thinking of making bitcoin as a career i just need to save some more funds to execute it correctly

Gasotard

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Quote from: rafajunior99 on October 18, 2017, 02:41:10 PM

Quote from: jokowi on October 18, 2017, 04:37:35 AM

Quote from: YaChou on October 17, 2017, 11:52:55 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 may be considered as a property or currency. If you buy bitcoin and keep it then that is the storage property you are having. Bitcoin has currency value. This is a digital currency that many people use and accept. Bitcoin is expensive, holding a bitcoin in hand is a big asset.

I agree with you, but I think Bitcoin is not just a property but it's a very valuable asset in the future, if you really keep Bitcoin safe and make it long, I'm sure if you keep it in the long run you will become a rich man in the future front. Cheesy

Technically, Bitcoin is only an asset. It could be used as a currency though the IMF did not call it an official currency from what I know.

shinjunobi09

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An asset because it is own and control by people and it is an asset which help the people through other source of invome it comes a variety of way that help people through convinience, making our lives much more trouble and out od of trouble. And as currency because it can be use in variety ways of transaction like sending money, payment of bills, load wallets and etc. So yeah bitcoin is definitely both.

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Quote from: YaChou on October 17, 2017, 11:52:55 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 both, asset and currency.
Bitcoin is currency because you can buy various things with it.
Bitcoin is asset because you can invest in it and you can hold it for future days.

Topic: Bitcoin is an asset or currency. - page 37. (Read 8542 times)