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Topic: Bitcoin is asset, not currency. - page 2. (Read 674 times)

newbie
Activity: 46
Merit: 0
January 22, 2018, 04:44:52 AM
#85
bitcoin is vertual currency with high value but some investors buying bitcoin as an assets for future profit because of rising value of bitcoins.
sr. member
Activity: 638
Merit: 300
January 22, 2018, 04:39:57 AM
#84
National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?

For me it depends on how you use it. For it could be both the same. Asset and currency. I would say it us an asset because it can be pur investment. If we invest in it and keep holding it for a long period of time it can be called asset. But if we can encash our bitcoin right away and use it for oyr daily expenses I consider it as currency . But again it is only my opinion. Either way it helps us a lot and thankful I am here in bitcoin.
sr. member
Activity: 560
Merit: 260
January 22, 2018, 04:27:26 AM
#83
It's most certainly both.
newbie
Activity: 6
Merit: 0
January 22, 2018, 04:26:39 AM
#82
Yes it is more of an asset, but still a type of currency just not in a literal meaning of a currency that most people knew, that is the reason why we called it cryptocurrency. Coming from the word currency, which we used technically for buying online or paying online. We never know, bitcoin might soon be the future currency that we are going to use. So do not say that it is not a currency.
hero member
Activity: 2940
Merit: 613
Winding down.
January 22, 2018, 04:13:47 AM
#81
Bitcoin  is an asset that yield interest and at the same time use as a medium  of exchange  and remittance. Bitcoin serve as a currency like dollars, yen or pounds.
Definitely it's an asset or whatever you define it but it does not earn interest as the price increase is not consistent.
This is also money as you can spend it anytime and anywhere who accepted bitcoin but the value will fluctuate as that is the nature of bitcoin.
Whatever you think about bitcoin that would be depending on your purpose and for it's an assets as I consider it an investment.
jr. member
Activity: 280
Merit: 1
January 22, 2018, 04:06:41 AM
#80
Bitcoin who are holding hands early. They are huge rich now. Bitcoin currency but on the other hand asset.
newbie
Activity: 83
Merit: 0
January 22, 2018, 03:50:25 AM
#79
Bitcoin  is an asset that yield interest and at the same time use as a medium  of exchange  and remittance. Bitcoin serve as a currency like dollars, yen or pounds.
sr. member
Activity: 262
Merit: 250
January 22, 2018, 03:31:10 AM
#78
National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?

That said, bitcoin we should treat him as an asset, and investing in other virtual currencies is to treat bitcoin as a stable asset, just like gold
full member
Activity: 1330
Merit: 147
January 22, 2018, 03:29:42 AM
#77
National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?

Now, I will say bitcoin is a currency, because in some countries bitcoin already used as a legitimate transaction tool. But in the future I would say that bitcoin is an asset, considering the number of bitcoins just 21 million and now nearing completion in the mine, with the result that bitcoin prices it will be high, so everyone who has a bitcoin will hold it and they will sell it according to disired price.
newbie
Activity: 15
Merit: 0
January 22, 2018, 03:20:07 AM
#76
hi,buddy


I agree with them , it was asset

like a property , car and etc no one can give a 100 % accurate prediction..

The values alway change everyday
full member
Activity: 756
Merit: 102
January 22, 2018, 03:15:42 AM
#75
National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?
I think for now bitcoin is indeed more likely to be an asset for investment. it is shown from the number of people currently investing in bitcoin and get more profit. but I think and hope the future with this bitcoin technology will further simplify our transaction process. it means that bitcoin can indeed be used as a currency in the future.
hope.

i agree , bitcoin is mainly used as an asset for something like for example in the form of investing or trading because people are always eager to earn an income but the main purpose or usage of bitcoin on why it was built is basically  for paying or sending money international or locally in other words bitcoin is mainly act as a payment system but the blockchain technology that holds bitcoin is just powerful and so innovative to the fact that it can do many other things aside from onlly a payment gateway and that is why bitcoin is also an asset.
full member
Activity: 238
Merit: 101
January 22, 2018, 03:15:21 AM
#74
I also agree with it it would be better other countries also follow the steps of the israel state
full member
Activity: 406
Merit: 105
January 22, 2018, 03:13:31 AM
#73
Bitcoin is the best asset and so as a currency. Assets because it is your property just like your cash that you save it in the bank, in bitcoin you just put it in your ewallet than in a bank. And their are lot of advantages for bitcoin user and one of those is you are not oblidge to pay taxes for your assets or currency.
newbie
Activity: 72
Merit: 0
January 22, 2018, 03:12:05 AM
#72
The current standing of btc it can considered only as an asset still far fetch to become a currency. It can only be a currency if it is a recognize form of currency. You still need fiat to have btc.  
newbie
Activity: 98
Merit: 0
January 22, 2018, 03:11:52 AM
#71
Bitcoin is a currency. It can converted into fiat, in my opinion a fiat is also an asset. That is why i conclude that Bitcoin can be an asset or currency
member
Activity: 254
Merit: 10
January 22, 2018, 03:07:08 AM
#70
National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?

Well, I'm not against the decision and the announcement of National Bank of Israel but I will just say my opinion against this topic. For me, Bitcoin is both asset and currency. It is an asset because there are lots of people trying to earn bitcoin and they got benefits on it, by getting a lots of money as well as they used bitcoin as their business. Bitcoin is a currency because many online shops now are accepting bitcoin as mode of payment. And the only thing that online shop accepts as mode of payment is a currency, then Bitcoin is a currency (Cryptocurrency).
yes I really agree with you. I think the first person to create this technology has a purpose that bitcoin will serve as a better currency.
it's just that today there are still many countries that have not legalized bitcoin, so it is still not seen clearly that bitcoin is created as currency.
member
Activity: 254
Merit: 10
January 22, 2018, 03:01:47 AM
#69
National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?
I think for now bitcoin is indeed more likely to be an asset for investment. it is shown from the number of people currently investing in bitcoin and get more profit. but I think and hope the future with this bitcoin technology will further simplify our transaction process. it means that bitcoin can indeed be used as a currency in the future.
hope.
member
Activity: 89
Merit: 10
January 22, 2018, 01:42:49 AM
#68
At the moment, bitcoin is both a currency and an asset, there are several reasons for this: 1) Bitcoin is still being extracted 2) Consumers and users of bitcoin are growing.
full member
Activity: 896
Merit: 108
January 17, 2018, 07:26:56 AM
#67
Many opinions are emerging about cryptocurrency, it depends on each point of view. Especially if the official government issued the statement.
Naturally, this statement appears because bitcoin is more suitable to be used as an asset rather than as a currency. However, if issues related to legality, transaction fees, and confirmation times can be fixed, then one day it can be effective for payment.
legendary
Activity: 1036
Merit: 1002
January 16, 2018, 10:18:20 PM
#66
National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?

Well, I'm not against the decision and the announcement of National Bank of Israel but I will just say my opinion against this topic. For me, Bitcoin is both asset and currency. It is an asset because there are lots of people trying to earn bitcoin and they got benefits on it, by getting a lots of money as well as they used bitcoin as their business. Bitcoin is a currency because many online shops now are accepting bitcoin as mode of payment. And the only thing that online shop accepts as mode of payment is a currency, then Bitcoin is a currency (Cryptocurrency).
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