Topic: Bitcoin is an asset or currency. - page 51. (Read 8562 times)
I think bitcoin is still an investment today, for generating income by trading and holding. In future it will be may used more as an currency to buy and sell goods, but the community and the technology must develop itself to do so.
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 would 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, since people really do need money to survive, some will use it as a currency to buy things or covert it to fiat so it can be bought by the things they need. Bottomline, though some consider it as an asset, some also prefer to use it as a currency. and is that necessarily a bad thing ?? and what can we do about it as a community ??
I personally beleive bitcoin is an asset rather then currency. If you trade it on a low scale then The transaction fees will ruin you. So better buy and hold butcoins for a long term invesent and make it an asset for future to sell it at 10k $.
It depends on people. I am in need of money for basic needs. So if I get btc now, I ll better use it for my expenses than holding it. But it may some time to save more bro as an asset. Hope this happens so to everyone.
It's still a currency. An asset generates money without any other investment. Although that could be provided by the increase of bitcoin I don't think it passively earns you more. So it's an investment rather than a asset
At the beginning bitcoin was meant to be a currency. This is how its creator wanted it to be: a currency whose transactions will be anonymous and will not have the possibility to be contested by any of the parts of the transations. Once the money is being sent, the transaction can be shown to the other person there is no doubt that the money were sent (and received). Because it is so good, because its price has gone up, the bitcoin became little by little also an 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 ??
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 ??
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