Topic: Bitcoin is asset, not currency. - page 6. (Read 674 times)
Totally agree. Bitcoin is too slow, too expensive and doesn't support smart contracts to be a currency. It's definitely a good asset that costs a lot and is relatively stable. To become a currency crypto needs to be accepted almost everywhere, be easy to use and earn. Thus there is hardly any genuine cryptoCURRENCY.
It depends on how people use it.
It can be used in both ways but it seems that people are mostly using it as an asset rather than a currency for now.
It can be used in both ways but it seems that people are mostly using it as an asset rather than a currency for now.
To me Bitcoin is both currency and asset.
If we take it as a currency then it is easy to trade. Bitcoin can easily be transferred from one place to another. On the other hand if we take as asset then it's value is rising day by day. So, as an asset it is a good one. So to me Bitcoin is both
If we take it as a currency then it is easy to trade. Bitcoin can easily be transferred from one place to another. On the other hand if we take as asset then it's value is rising day by day. So, as an asset it is a good one. So to me Bitcoin is both
why did you create this misleading title? when you are quoting someone you should include the name of the source.
and who cares what a National Bank of some place is saying about what bitcoin is. they are defining it as an asset so that they can deal with it easier. most of the times it is a matter of taxation since they can't exactly tax a currency!
what matters is how people are going to use bitcoin and so far it has been a currency apart from last 2 months and hopefully this changes back to normal low fee transactions soon too.
and who cares what a National Bank of some place is saying about what bitcoin is. they are defining it as an asset so that they can deal with it easier. most of the times it is a matter of taxation since they can't exactly tax a currency!
what matters is how people are going to use bitcoin and so far it has been a currency apart from last 2 months and hopefully this changes back to normal low fee transactions soon too.
Can I know what difference it makes? Does Bitcoin lose its value if it is known as an asset?
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?
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