Topic: Bitcoin just an asset ? - page 14. (Read 9194 times)
Although bitcoin is just an asset, it can also be a currency for others since other country's are using bitcoin as payment for a product or services. Here in the Philippines, bitcoin is not yet stabilized hence, it is not yet legal here. But I think as time passes by, we can also use bitcoin as second currency that we can use in payments.
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?
whitepaper say it is currency but fee make it logical to use it in high payment only
it is investment more than assets
Bitcoin is not asset only but bitcoin is.really a value currency and can give us a big money
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?
Most bitcoin user considers bitcoin as currency more than they treat it as an asset. I have no objection to those people because they are using bitcoin for transactions that can substitute purposes involving real money. However, we should not expect much for it to become a currency that normal people use for ordinary transactions, because bitcoin doesn't have a stable value.
It is also a currency. Other haters are making bitcoin hard time to be accepted as currency. There are companies that are willing to make bitcoin a payment method. So it is both asset and a currency. But I prefer to make it an asset since its price increases over time.
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 beg to disagree with that statement that underestimates bitcoin's capacity and capability to be a currency and just merely treated to be just only an asset which is intended to be used for a long term basis such as investment purposes. But it is not. Actually if you will observe and see it clearly, bitcoin if compared to natural currencies or real money do share the same characteristics but what matter or the difference is bitcoin can be access easily and also have a large capacity for growing. 
It depends on the people whether they used it as an asset or not. You hold your own bitcoins and it is your right to use it in your own way.
Some used it as a means of payment (think about japan) and some are using it to trade.
Some used it as a means of payment (think about japan) and some are using it to trade.
Yea its more than asset. It is also a digital currency. But for me i prefer it more as an asset because its value appreciates considerably over time.
yes bitcoin can be considered as an assets because if we compare to other currency it is most leading and high rated crypto currency the value of the bitcoin will be keeep on raising now the bitcoin price is 14000 dollar but with in march it may reach upto 50000 dollars
the bitcoin can indeed be called an asset, because the bitcoin can be stored long enough, it's up to you whenever you want to sell it.
if you store bitcoin in the wallet it also needs to be careful, because every hacker has many ways to break into an account.
yes bitcoin can be considered as an assets because if we compare to other currency it is most leading and high rated crypto currency the value of the bitcoin will be keeep on raising now the bitcoin price is 14000 dollar but with in march it may reach upto 50000 dollars
the bitcoin can indeed be called an asset, because the bitcoin can be stored long enough, it's up to you whenever you want to sell it.
if you store bitcoin in the wallet it also needs to be careful, because every hacker has many ways to break into an account.
asset or currency, doesnt matter as long as it has value and people use it.
Yup, it really doesn't matter to me, as long as I know how to earn it and enjoys bitcoin right now. Bitcoin value can change someone if they are saving their bitcoin for a long time, they have a possibility to become rich and use their bitcoin for their better future, and maybe also depend on how people interpret what bitcoin really is. Bitcoin is "JUST" an asset? so what? what is wrong of having an asset right?
Bitcoin is a digital currency. If you save it in your wallet it will be your assets. Or you spend it in your expenses it will be a currency. I think butcoin is a asset & a currency also.
Thank you
Thank you
You are welcome
While people use bitcoin as a currency, that doesnt really mean its suited to do so. first off, you will find that no currencies are as volatile as this in the real world. it makes it not so useful for everyday transactions; its hard to make a budget when a tank of gas might cost 50% more the next day. this is akin to shopping at Walmart with gold coins; too much of a hassle and you would have been better off converting it first. if not just for the sake of speed, at least so that you can save on the conversion costs/fees.
Yes, it is a store of value and capturing gold value and now it will be reaching to mainstream to become universal currency for universal payment.
yes bitcoin can be considered as an assets because if we compare to other currency it is most leading and high rated crypto currency the value of the bitcoin will be keeep on raising now the bitcoin price is 14000 dollar but with in march it may reach upto 50000 dollars
Most people say bitcoin is digital money, but I think bitcoin is an asset. Just like home, stock, forex and others. But bitcoin has a very fast circulation, a fast price up and down in just a few hours.
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 prefer to say that Bitcoin is a currency and also an asset. I use Bitcoin for both, I see that we can use it well. We can use Bitcoin as a currency to facilitate all transactions and also we can take advantage of bitcoin as a profitable asset, a fantastic increase in Bitcoin prices makes us have a great chance to make a profit. 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?
In my own opinion, It is consider as a currency because we can use it to buy products online like a credit card even though it is not a physical money and the good thing about it is, The value is keep on increasing as the time goe's by unlike on fiat that stays the same and does not have any advantage.
Bitcoin is more of a token used in a casino and is not an asset as such
and cannot be called a currency because to be that it would need to have
a stable price.
The Casino across the road does not charge me a large $20.00 plus "Transaction Fee"
to get past the security guards on the doors so I think i will go and play the
slot machines they have to offer.
Forget all the talk about the technical aspect because Crypto-Kitties is well
ahead on that game and you can even breed that cats and sell the kittens if
you apparently want to make money.
People lets call a spade a spade but make some money before it goes bang if you think you can
and cannot be called a currency because to be that it would need to have
a stable price.
The Casino across the road does not charge me a large $20.00 plus "Transaction Fee"
to get past the security guards on the doors so I think i will go and play the
slot machines they have to offer.
Forget all the talk about the technical aspect because Crypto-Kitties is well
ahead on that game and you can even breed that cats and sell the kittens if
you apparently want to make money.
People lets call a spade a spade but make some money before it goes bang if you think you can
I think it's true that bitcoin is a new digital currency asset that anyone can use as a transaction tool
Bitcoin is a digital currency. If you save it in your wallet it will be your assets. Or you spend it in your expenses it will be a currency. I think butcoin is a asset & a currency also.
Thank you
I agree...it can be both of them...but it seems to me that it is hard to use it as a currency...the big fees and long transactions... I would like it to be correctedThank you
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