Topic: Bitcoin is asset, not currency. - page 4. (Read 674 times)
I think it down at matter what governments do, they'll all be forced to accept BTC because of its gains. Also, I think BTC is an asset as well as a currency. I could invest in BTC as savings (asset) to get huge rewards and I could use it to buy something (currency). So it depends on what you see BTC as. It can be both things together depending on your use.
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 even if btc is an asset, it still has to be traded. Like gold, it's not a currency but there are deals, buying or selling. So I think that this will not make much difference compared to the present. Asset because it is something control by the people and which is used for our earnings and accumulating money also used as a way of payment or buying something. Also, it is a currency generally because anything that uses for paying some goods or services can be treated as a currency because it is used as way of buying or selling things.
Bitcoin is both a currency and a asset .If you want to inverse your money in bitcoin you can inverse as like asset.You can use bitcoin as a currency too.Now KFC Canada start to accept the bitcoin as a payment.At first Amazon accept the bitcoin,now KFC.Soon all the Corporate will start to accept the bitcoin.
It depends on what categories to consider. If someone trades bitcoin, it's a currency for him and a source of profit. Someone who is holding bitcoin and is happy to have it's an asset for him, such as antiques.
Asset because it is something control by the people and which is used for our earnings and accumulating money also used as a way of payment or buying something. Also, it is a currency generally because anything that uses for paying some goods or services can be treated as a currency because it is used as way of buying or selling things.
its depends how people use it but for me, bitcoin is asset and cryptocurrency
both
both
Yes for sure, it is currency and asset at the same tome, depends how you use it
I think of Bitcoin like a rolex. It has name value and people believe it to be worth quite a bit of money. That is why people want to flaunt it and will even pay high prices for secondhand market. If I can sell a Rolex for money then I think I should be able to do the same thing with bitcoin. I think it started as a currency but it has grown above that. Think of it as a limited edition Rolex signed by the owner. That could be auctioned off for a tremendous amount of money.
The other altcoins are trying to be a currency. The technology is useful. It keeps people accountable. It would change the entire monetary system as we know it. Many companies would have to adapt or die. It has happened throughout human history. Adapt or die.
The other altcoins are trying to be a currency. The technology is useful. It keeps people accountable. It would change the entire monetary system as we know it. Many companies would have to adapt or die. It has happened throughout human history. Adapt or die.
no matter the asset or the virtual currency. the most important for me, its value continues to rise and become an advantage for me. many people will have different judgments.
Bitcoin is a high class asset, but it is a speculative kind of asset with total of twenty one millions coins divided around the world. Bitcoin is not totally called a currency because of the significant risks on how price being called like a bubble by going up and down, bitcoin having unstable price. But i really understand of what the price moving high and low it is because of the demand and supply basis. Many people says that bitcoin is an assets but not a currency.
that's right, bitcoin is using as both asset and currency, however bitcoin is not being used as currency properly because it is still having problem in transactions fee and still very less useful in daily life, however, because of its value, bitcoin is still being used as an asset to trade or holding for long term, so this can only be used as an asset commonly.
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?
it seems that bitcoin can be both and according to people will vary, so no problem bitcoin will be called what is important we can still benefit from playing bitcoin.
Fully agree, commission and time delays make Bitcoin unsuitable for the simple payments. Of course if u want to buy car, house etc. it is good enough, but for everyday purchases there are lot of other altcoins, projects that it's more easy to implement.
the banks and the government always want to call bitcoin something other than a currency. they will do anything they can to prevent bitcoin from being a currency because if that happens, their business and livelihood will be threatened unless they act fast and adapt to the new situation and the world with a decentralized cryptocurrency out of their control.
Well said! they are now scared what bitcoin is capable of because someday once bitcoin take over the all fiat currency the bank will end up to bankruptcy. They are trying to divert the knowledge of the people in order to delay the process of transition from fiat to crypto currency.
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 everyone has a different perspective. even for someone who does not know bitcoin will think far from the benefits. so I don't care, some say it's a virtual asset or currency. the most important for me, I can still continue to be involved in crypto and bitcoin.
I don't think that it will make any difference because currency is something by which we can purchase anything in exchange. And bitcoin can also be used in same way. So it can also be called as a DIGITAL currency.
With the current situation of bitcoin and the culture that we have, I guess it is not impossible if all the other countries will follow the same path Israel took over bitcoin. For me it is not a bad thing for as long as it has been officially accepted by our country and it will still give out the benefit that it provides us currently.
in cryptocurrrncy bitcoin is great currency.I myself opinion is bitcoin id an asset rather than currency.if anyone hold it its a great asset.
I agree bitcoin is asset not money because it's better for you to be the bitcoin for your money too well to recover your currency as much as the bitcoin value goes up. The bitcoin is while increasing its value is also rising currency of your money to see. It is good asset to earn lot of money and to save the bitcoin a lot of us.Bitcoin is also a bitcoin asset or capital for something you want to build business or expense for road trip family bonding and so on.
Can I know what difference it makes? Does Bitcoin lose its value if it is known as an asset?
In my opinion, there is no relation between lossing in value with an asset called.
Bitcoin loss value because no more high demand involve and in my opinion it cause more people put their money into altcoin.
Can I know what difference it makes? Does Bitcoin lose its value if it is known as an asset?
No it will not lose value, but if it will be considered as currency, I think it will be used more and more actively.
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