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Topic: Bitcoin is an asset or currency. - page 39. (Read 8542 times)
The definition of bitcoin includes both asset and currency. But it is better when currency because of its transaction . As there is no middle man and also there is no transaction fees .
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Bitcoin is both an asset and a currency. Let's explain:
Bitcoin is an asset: Bitcoin is an asset because one can easily stored and that is secured and cheap. In fact, cold wallets make Bitcoin storage relatively hassle-free. As a store of value, Bitcoin is simple and secure that other real asset.
Bitcoin is a currency: Bitcoin is a digital currency. Bitcoin is also used for payment to others. One simple solution is a Bitcoin ATM machine, often called a BTM. Many BTMs do exist, but deployment is slow due to the cost of producing, placing and marketing the machines. The Kuna cryptocurrency exchange recently promised to install 150 new BTMs in the country of Ukraine.
Bitcoin is an asset: Bitcoin is an asset because one can easily stored and that is secured and cheap. In fact, cold wallets make Bitcoin storage relatively hassle-free. As a store of value, Bitcoin is simple and secure that other real asset.
Bitcoin is a currency: Bitcoin is a digital currency. Bitcoin is also used for payment to others. One simple solution is a Bitcoin ATM machine, often called a BTM. Many BTMs do exist, but deployment is slow due to the cost of producing, placing and marketing the machines. The Kuna cryptocurrency exchange recently promised to install 150 new BTMs in the country of Ukraine.
I think bitcoin is a asset rather than a coin . Bitcoin's value keeps on increasing recently with no limit in sight , bitcoin will increase
year by year and you will not know how much it increases . Some people have speculated the bitcoin will be $ 10k in 2017 .
I think bitcoin is an asset, property can rise in price. For example, if you buy a house, the house is an asset, the property will
increase in value as the property increases .
year by year and you will not know how much it increases . Some people have speculated the bitcoin will be $ 10k in 2017 .
I think bitcoin is an asset, property can rise in price. For example, if you buy a house, the house is an asset, the property will
increase in value as the property increases .
Although bitcoin is created as a digital currency but because of the functionality and specialty of this bitcoin can certainly turn it into the most valuable commodity so almost everyone in the world is working hard to be able to get bitcoin with their various efforts. certainly a way that doesn't harm others.
For me bitcoin is both as an asset and also an currency but now the price of bitcoins is increasing very rapidly it is the advantage that it can be used as both.
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”.
IMHO, Bitcoin is a “valuable asset” rather than a “means of transaction " Currency" due to its high fees even with very small transactions!
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”.
IMHO, Bitcoin is a “valuable asset” rather than a “means of transaction " Currency" due to its high fees even with very small 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 ??
A good opinion and I like your opinion.and is that necessarily a bad thing ?? and what can we do about it as a community ??
It is true of your opinion that many people say that bitcoin is used for trading to be an asset.
As bad as any or whatever it depends on the person who uses it because it has become the responsibility of the person.
We as bitcoin communities should make improvements if bitcoin reaps problems.
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 ??
Ohh! my friend, this topic is more sensitive than it seems on the surface.
The community is divided on this.. and this is one of the causes of the Segwit2x debate..
It was created with the use case of being able to retain the value of an investment to tackle deflation that currently affects the fiat.
It currently serves as an asset to most but there is a growing demand for Bitcoin to be used as an active currency. But at present if that were true if would be weird if the price of a gallon of milk fluctuates like every day in line with the market value of BTC even weirder if the milk cost you different price everyday.
Owing to its limited supply I thing it would better serve as an asset. and would benefit the owners more..
I'm with the CORE team on this one.
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 ??
for me Bitcoin is a non-currency asset because we can not just wipe out Dollar, Pound Sterling, Euro etc already in a country, and is that necessarily a bad thing ?? and what can we do about it as a community ??
and we are currently looking for Bitcoin to exchange currency in our respective country through an exchange site ..
I think most of the coin owners view it as an asset and not a currency. I also believe that it is too hard to use currently for it to be a true currency. In the long term BTC will become a currency.
As I thought bitcoin is the most valuable currency it can build your assets also u can covert it any time in $ or any other
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 ??
Ohh! my friend, this topic is more sensitive than it seems on the surface.
The community is divided on this.. and this is one of the causes of the Segwit2x debate..
It was created with the use case of being able to retain the value of an investment to tackle deflation that currently affects the fiat.
It currently serves as an asset to most but there is a growing demand for Bitcoin to be used as an active currency. But at present if that were true if would be weird if the price of a gallon of milk fluctuates like every day in line with the market value of BTC even weirder if the milk cost you different price everyday.
Owing to its limited supply I thing it would better serve as an asset. and would benefit the owners more..
I'm with the CORE team on this one.
Bitcoin is a cryptocurrency. It is used by a lot of people. The user of bitcoin is increasing at a high rate. It's being using so widely. Now we can buy any service with bitcoin. We can get or give online payment through bitcoin. It's been used at too much way that it's seemed like it's a asset. But it's not a good thing. Because it will cause various problem. We should treat bitcoin just as a crypto coin, nothing more than it.
Bitcoin is an asset which I think is much more valuable than anything that I own.
it may be both, and you know currency will also include in assets, currency is a medium of exchange, asset will an item of property owned by a person or company and by currency you will buy everything.
Originally bitcoin was supposed to be a currency that will change the way we use money online, a faster way to make transactions and a safe system that will prevent hacking bank accounts, we all were ok with this idea, but since the bitcoin had a limited source and since people were mining it like crazy, it got harder to mine and thus required more hardware and more power which made its price increase, all of this lead to people comparing it to gold collecting it and saving it, and with this bitcoin has shifted from being just a cryptocurrency to becoming a revolutionary assets that made everyone rush into investing in it, and by this the world is stating to relive the 1849 gold rush but in the digital form.
Bitcoin is both digital currency and an asset. Bitcoin was originally invented as a peer to peer electronic currency. Due to the high demand of bitcoin, the value of bitcoin started growing in an exponential rate and before you know people everywhere in the world started buying bitcoins as an asset to sell later for profits when the value increases. Bitcoin is getting more popular everyday because people are buying bitcoins and selling for profits a very good one, indeed!
Right, bitcoin can be both an asset and a currency. Even if many people or the government do not consider it as a regular currency still bitcoin is useful as a digital currency. Bitcoin will be more useful in the future and I think that if many people decided to invest in bitcoin, it will be bigger surpassing its value as a crypto and as an asset used for investments.
well, this question is too often asked. and my answer remains the same. I use bitcoin as an asset and currency. although currently not entirely as currency, I am sure that one day bitcoin will be accepted by all people and countries, so it can be used for transactions. if as an asset, I think everyone who uses bitcoin must already feel it. some of them would save it for savings and sell it at high prices.
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 agree that it's most likely both.
An asset is something consider to have some substantial value, while a currency is a medium of exchange for goods and services.
I think it falls into both categories.
I think Bitcoin is asset for future. Because bitcoin price is increasing day by day you can compare in recent past value of bitcoin. I think its asset rather than 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 ??
bitcoin as an asset is not a bad thing in fact it is the added value of bitcoin which we have considered only as a currency. we become more enthusiastic to collect bitcoin because of its more usefulness and is that necessarily a bad thing ?? and what can we do about it as a community ??
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