Topic: Bitcoin just an asset ? (Read 9192 times)
Yes. BTC is more of an asset right now than a currency. Lots of people buying BTC in the thought of making a fortune with the investment. We all know that when the price becomes stable people will transact it as a currency. It is because of the sudden rise in the price
Bitcoin is an asset and as well as currency also.bitcoin is created to be a digital currency.it compliment and determine the market value of crypto currency. It is also an asset because of its ability and trading and holding price value in market.
Nowadays people mostly using crypto as an asset because it's profitable. Anyway better to start making bitcoin popular as currency to make more brands and contries accept btc.
I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?
I think at this point it is just an asset. It is too inconvenient and (sorry to say) terrible security risks. BTC has inherent flaws that cannot be solved without a hard fork and overhaul.
There will be a new generation of cryptos that resolve these issues, and they will be usable currencies.
Bitcoin is not only an asset, but also a currency. IT depends though because some countries do not recognize it. But in general it is considered an asset as of 2017.
I think this is just one of the opinions that is just meant to create a negative image for bitcoin. It develops not only as an investment but also as a currency.
I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?
Bitcoin is virtual like credit card and online banking network that we use every day. Where when we save it means it's an asset. Bitcoin can be used for online and in-store payments as well as conventional money. Bitcoin can also be exchanged for a material form like the Casascius coin. So bitcoin is not just an asset but can be used to transact or buy and sell it. 
Bitcoin currently more of an asset compared to Currency , because Bitcoin can not be used in simple terms any where in most parts of the words, for bitcoin to be called as currency it has to meet all possible requirement of currency as it needs to be used on a daily basis. But for that it needs more circulating supply. But for other currencies every currency is a specific country currency and have a backing, but bitcoin don't have this feature so bitcoin currently is an asset and probably remain an asset.
Whatever the name I think the most important is if we have bitcoin then we get the benefits, bitcoin prices continue to rise, transaction costs continue to decline and transaction speed becomes the main factor that makes me continue to use bitcoin.
I think bitcoin is not a asset.bitcoin is a digital currency. with bitcoin we can easily take many types of transactions. you can not see bitcoin currency,but it has become the most valuable currency in today time.
I agree to you. For me bitcoin is not an asset. It is a kind of digital currency that in used in decentralized market. It can used in many transaction like payment. And it is easy to used because it is online.
Bitcoin is like an asset, however. It complements the market liquidity and determines the market value of Bitcoin assets differently from other assets because it does not have a basic application. For example, one can invest in jewelry or gold. Bitcoin, on the other hand, is used to hide wealth, as well as illegal transactions and trafficking to inject or add value.
Bitcoin is considered by most people as an asset nowadays, but in fact it is mainly a currency, and it was created to be a digital currency in the first position. But since its price is volatile, and keep going up highly with time, so many investors decided to treat BTC as an asset by holding and trading.
Also the usability of BTC as a currency still really limited either online or offline.
Also the usability of BTC as a currency still really limited either online or offline.
Even in my experience with bitcoin, it has really becoming an asset because most of the people having bitcoin are treating it like an asset, thats the reason why instead of using it to purchase something, people are holding it and waiting for the price to go high to sell. Another thing is that paying with bitcoin has large fee and delay, so cant really use it as currency.
There are two big problems with bitcoin as a currency, its value is unstable and its transaction processing is too slow. Hopefully transactions become faster than what it is now and with time the value will be stable, or less volatile.
I think bitcoin is very flexible, it can be said an asset or currency, at the same time a currency refers to money in any form accepted as a medium or in any exchange. It is good to know that somehow it also take the part of an asset wherein people could take to make bitcoin act in both manner. Therefore, bitcoin is still considered as asset because you can convert bitcoin into fiat currency.
I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?
at the start of bitcoin, it will be used as a digital currency to help ease transactions, payments and remittances in quick money, but until now the bitcoin has turned into an asset and a place for investment. because it implements a system that is transparent and open to everyone. and no state regulation. so many people love the technology and the greatness of bitcoin. and give the best price to have it.
No dude, Bitcoin is not just an asset. it is many things in many Ways. it is a payment system, valuable investment, most valuable cryptocurrency, most valuable coin and many more. you can use Bitcoin in which way you want. it's your choice.
I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?
Yes, I think Bitcoin is an asset because Bitcoin is a coin and money is an indispensable asset in the future as well as the present, lots of virtual currencies are significant to many people but the side Many countries banned Bitcoin.
Bitcoin is an asset and like currency also. Bitcoin is an electronic financial mechanism providing features that resemble an established currency system with its own money creation and transaction regime but relies on a decentralized organizational structure. In contrast to the central bank’s discretionary decision making, money creation in the Bitcoin system is transparently realized by a distributed and open algorithm, facilitating the reliability of expectations about the future supply of money.
Bitcoin is an asset? Of course bitcoin is a valuable asset, many enthusiasts hunt down even bitcoin mined for future assets.
Yes ofcourse. Bitcoin is an asset because it is a cryptocurrency that has a big value. It is also a asset because of its ability that is easily to multiply and to formulate and make money because of its volatility. Bitcoin is profitable that why bitcoin is asset.
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