Topic: Bitcoin just an asset ? - page 13. (Read 9194 times)
Now most people use bitcoin only as an investment. For me personally bitcoin just asset, because in my country the Government prohibits the existence of bitcoin, so can not use the bitcoin to buy something.
to me it is a money and an asset to be hold on and to be believe at.. already see what it can goes on. i do believe i can get success with bitcoin. just trust my gut.
Whoever said anything, and if bitkoyn performs the function of a measure of value and means of payment, it is in any case money. Under the current definition of currency bitkoyn now, of course, does not fall, because when such a definition was drawn up, the crypto currency had not yet existed and no one even thought that in the future there will be digital money. If the crypto currency is recognized in most countries of the world, then the concept of currency will be changed and the currency will be officially recognized as a currency. Therefore while on this occasion it is not necessary to worry.
Bitcoin is an asset.
Its generates money
Its generates money
Bitcoin is a new technology, with the blockchain. Bitcoin itself could be interpreted as an asset / commodity/ form of money, because they have "Numbers" you can spend it, you can move it, and the production is strictly regulated.
The really news behind this revolution is the "anonimous" connection between people. I can buy something by xxx in another country and meawhile I have any information about this person (he can create even a new address in a couple of seconds...).
If you link this with a p2p system where there are no "admin" and all people are free to use it without restrictions, yes "the bomb" is here and now we have just see an "appetizer" of the future incoming!
The really news behind this revolution is the "anonimous" connection between people. I can buy something by xxx in another country and meawhile I have any information about this person (he can create even a new address in a couple of seconds...).
If you link this with a p2p system where there are no "admin" and all people are free to use it without restrictions, yes "the bomb" is here and now we have just see an "appetizer" of the future incoming!
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 can function both as an asset and a currency. If you will use Bitcoin to invest, to buy and to sell, then we could say that it is somewhat a currency. On the other hand, if I will use Bitcoin as my money or I will invest my money in it, then It is an asset. Maybe Bitcoin's views and ideas are depend on the person who use it and how they see it. 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?
Personally for me Bitcoin is a aspect and a currency also. To explain to you, it is an asset if I store my money in it, and I expect it to appreciate. It is a currency for me cause I use it to buy and sell goods and services. So the answer to your question is what would you like it to be. People don't understand it is completely decentralised, strong, so it's the best, it's use depends on person to person.
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 more than just asset or currencies. bitcoin changes how we can see to money it give you full control to your money and how much will send
Bitcoin, as any other short-term currencies, is an Asset. More specifically Balance Sheet-speaking, it is a short-term Current Asset.
I agree more with that, bitcoin is enough to be a digital asset just do not become a currency, because if bitcoin becomes currency, many countries will experience economic crisis, because their country's currency is replaced with bitcoin, but it would be more profitable if bitcoin remains digital assets because it is the same as gold or other commodities, if we invest now at a certain price then after some time it is not impossible we can get profit several times.
exactly, it would not be possible also bitcoin can be the currency of a country, because the difference in the currency value of each country is different, bitcoin is better just as an investment asset for the demand, this is the best
Now we have to admit that Bitcoin has become an investment asset, despite the fact that Satoshi wanted it to behave like a currency. A currency needs two very important characteristics - it's value should be stable, and there should be ease of doing transactions. With Bitcoin, the prices are very volatile and the ease of doing transaction is not there due to high fees.
Bitcoin or criptocurrency is not just an asset rather it is kind of an investment asset which value depends on various other factors like crypto market forces (demand and supply for a coin), views and predictions of analysts and actions of big whales etc.
I agree more with that, bitcoin is enough to be a digital asset just do not become a currency, because if bitcoin becomes currency, many countries will experience economic crisis, because their country's currency is replaced with bitcoin, but it would be more profitable if bitcoin remains digital assets because it is the same as gold or other commodities, if we invest now at a certain price then after some time it is not impossible we can get profit several times.
In my experience I could only tell that bitcoin is just an asset. Its crazy if you would really use it to buy in transactions. Aside from being too volatile, its transaction speed is too slow. Ive heard UBER will accept btc as payment I dont really. if its true, but imagine paying bitcoin in a taxi, and then wait for confirmation before you can go.
And in my opinion,i think Bitcoin is both asset and currency.Firstly,an asset asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit. Most people keep Bitcoin (ie assets) to make profit when price pump up.
A currency is something that is used as a medium of exchange and is widely accepted and circulated. Similarly,Bitcoin is a form of digital currency, created and held electronically,or simply put,Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or administrator. Bitcoin is also used similarly for payment of goods and services.
A currency is something that is used as a medium of exchange and is widely accepted and circulated. Similarly,Bitcoin is a form of digital currency, created and held electronically,or simply put,Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or administrator. Bitcoin is also used similarly for payment of goods and services.
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?
Personally, with the hike in Bitcoin's current value and its postion in the market capital, I would call Bitcoin much more than an asset which has the potential to be a currency. It allows for the creation of secure and transparent transactions, therefore proving adept at transmitting value. Yet, its volatile nature stops it from being a currency. As Bitcoin’s market cap grows larger, volatility should gradually be dampened. Likewise, as consumers grow more confident in spending their Bitcoin on ordinary transactions, the market should stabilize as well. So in the future, Bitcoin has the potential to become a mainstream currency.
Yes of course, bitcoin is an asset because bitcoin is an investment. And investment is an asset.
Bitcoin can be used as a transaction tool, it's just digital. I think it's the same as an asset. And some see bitcoin in terms of investment.
For me its both asset and a currency because aside from keeping and holding my bitcoins i also sell it occasionally if its really needed. Bitcoin is purely an asset for those people who invested big and doesn't need to sell them. I hope someday im that rich so that i won't need to sell some of my coins durig emergency.
It is also a currency but mostly considered an asset. Still few transactions accepts bitcoin as a currency. It cost high transaction fees and it is volatile unlike the real world currency
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