Bitcoin is an asset or currency. - page 47.

karabasss

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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 used and so and so. As an asset, it is postponed to the future to be always on top and in a trend. As a currency, because there are already many exchangers, and you can safely use it for settlements and purchases.

cryptosipi

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Quote from: Brama Jasa on October 20, 2017, 03:37:50 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 ??

the amount of bitcoin trade on the goods or services is because everyone wants to make a profit, for now it's still not bad, maybe next few years will have a bad impact, but I do not know whether it will have good or bad impact now impact as a community is a positive impact

Yes you are right actually the big fluctuation in bitcoin market is the main reason for it to be considered as a investment and not a currency
.Everyone wants to be profitable and the big swings we can see in bitcoin market can seriously make any normal person a billionaire and there are many real cases like this.being said this yes on the down line over next few years when bitcoin gets more stable it can be used as currency.
But for now its rare.

Brama Jasa

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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 ??

the amount of bitcoin trade on the goods or services is because everyone wants to make a profit, for now it's still not bad, maybe next few years will have a bad impact, but I do not know whether it will have good or bad impact now impact as a community is a positive impact

Visbay

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Quote from: miyaka26 on October 18, 2017, 02:39:03 AM

It is both asset and currency like the other said but you cant' just use bitcoin for everyday usage frequently as the price goes up and down, it is not advisable to use it as a common currency like USD and other fiat ones, It is great to use it as an asset and investment as the btc continues to grow everyday. you will gain such profit if you store enough coins, but don't get me wrong it is still currency not just stable to use it for now.

Yes I agree with you its both you can use it as a currency as well as you can use it as asset because bitcoin is a digital currency you can use it for buying things and also you can keep it for a long time for investment purpose I use bitcoin in both way I am using it for daily expanse and I also keep it go high price when the price go high then I sell it out to get extra money.

pat4cryptoreal

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bitcoin is a currency but some people do not still accept this fact that bitcoin is a currency becaues the price always change with high price difference.

xbl1008

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well its both an asset and currency because the real nature of bitcoin is it function as a medium of exchange to serve as payments in our transactions and also an asset because the capital appreciation in bitcoin is really fast and high that it provides us high profits in our investments

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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 ??

Bitcoin has a currency-asset duality in nature. Bitcoin is a currency because it is made as it i and Bitcoin is an asset because it behaves that way. I believe that Bitcoin is not intentionally made to behave like an asset since Satoshi designed Bitcoin as a "digital cash". However, because of decentralization and volatility, it is inevitable to make Bitcoin behave like an asset more than like a currency. Behaving an asset is not a bad thing but it might hinder Bitcoin from going mainstream. We cannot fully eliminate the nature of Being an asset in Bitcoin but we can reduce that by using it like fiat and do not hold.

EUROPEANTURK

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Bitcoin is currency for me . Because i can use Bitcoin almost every country and i can exchange it to other currencies and i can buy Bitcoin with other currencies too , because of Bitcoin is currency for me.

rafajunior99

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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

Rishabh riyz

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Well BTC is said to be both an asset as well as a currency.
But if we observe carefully we get to know that this varies from person to person. For a trader who is having a look on the fluctuating value of BTC it is an asset which would most probably give him profit , same BTC would be an asset if a guy uses it to buy things online like games / in app purchase on steam or any other things where BTC is accepted.

People call it an asset because it is limited and the value is constantly increasing in long term.
BTC is called a digital currency because they are used by many people across the globe to buy things online.

sammiko

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I think bitcoin is both assets as well as currency. But more commonly we use bitcoin as currency, we can use bitcoin for shopping in most big shopping center, in fact they accept bitcoin as currency for shopping. therefore i will like to say that bitcoin is more as currency and in future it will even be use as fiat in local shops also depending on the increasing number of bitcoin users.

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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 ??

The truth is that bitcoin is only for trading, and some investors buy it to hold it as a bank. Actually I use it to trade and want to use other services but it does not accept bitcoin as the form of payment.

Momoamzad

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It is asset like gold. Its price are increasing rapidly . if I hold it it will grow more and more . so u can say it is asset

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Yes, everyone does not have the same view of bitcoin, it's just that I consider bitcoin like an electronic currency where I can make payment transactions to buy domains, hosting, and others that receive bitcoin payouts, hoping someday more stores, restaurants and cafe receives a bitcoin payment.

jokowi

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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 ??

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.

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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 bitcoin is both currency and asset, why asset? you can get profit because it is an investment the bitcoin price is unstable there are times that it will go up and go down. why currency? i use it in my personal need like buying foods paying bills and other stuffs.

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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 also believe that. It is basically because of the fast growth of its price that bitcoin is treated more as an asset and less than a virtual money. I think it is not bad at all because it still is attracting people. However, I admit that it is not the original intention of Satoshi Nakamoto for bitcoin to be used as such. It was originally intended to be an instrument for buying.

ibrohim

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I think many bitcoin users use bitcoin as both currency and asset, and so do I. I personally use bitcoin as currency only if I need it to fulfill my daily needs, while I use it as an asset when I want to get profit in investment. since bitcoin price is rising from day to day, it is good to use it as an asset.

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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 ??

Though Bitcoin is a digital currency, we cannot consider it yet as currency. Because "currency" is generally accepted form of money issued by our government and circulated in the economy. So from that meaning, Bitcoin is not generally accepted and definitely not issued by the government. As asset it would be. Because Asset is something we own with economic value.

hildacitra

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I consider bitcoin as a digital currency. however, many bitcoin users around me use it as an asset since they think that bitcoin price is higher and higher from day to day. it drives them to make bitcoin as an asset rather than currency.

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