Bitcoin just an asset ? - page 19. | Bitcointalksearch.org

Gunpaycity

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Quote from: Shamie1002 on July 07, 2017, 07:24:06 AM

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 indeed be a valuable asset for the person who owns it. and the future will be very helpful in investment although not a currency but can be a very high currency exchange

riskarcher

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To be honest I also think that bitcoin is a digital currency, can also bitcoin in the asset category if the stock is always in the market especially bitcoin is a valuable and rare asset

muncuss

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Bitcoin is more like gold than normal (fiat) currency. people can pay using bitcoin and they also invest in it. but it's not so good as a currency.
What makes bitcoin not suitable as currency bcause we can't do microtransaction in bitcoin. And i think in the future bitcoin is looked as an asset than currency because this matter.

helars2008

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It will depend upon the person using it. Some uses it as an asset through investments, therefore they are using it as a tool to gain more returns. While there others who are true believers of bitcoins vision that one day it will be used as a currency. And it is indeed correct to claim that it can now be used as a currency since there is already a lot of transactions where you can use just like any other real world currency.

Ajan08

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Bitcoin according to four characteristics that define asset classes: investability, politico-economic features, correlation of returns or price independence, and risk-reward profile. Conclude not only that bitcoin is the first of its kind in a distinct asset class, but that the terms “cryptocurrency,” “virtual currency” or “digital currency” are misleading because they imply that such investments are a subset of the currency asset class. They propose other terms such as cryptomark, cryptobit, cryptostamp, ledgermark or consensobit. Additionally, they assert new terminology could help clarify currently disjointed regulations, in which the Commodity Future Trading Commission calls bitcoin a commodity.

Mobshady24

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Quote from: Shamie1002 on July 07, 2017, 07:24:06 AM

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?

what do you mean by just an asset? any currency is an asset as long as you have the rights and obligation on it. You should look and search for the meaning of asset, clearly you do not know what it is.

nejibens

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Bitcoin is basically a currency, but it is also an asset since you can make huge earning by trading or holding this crypto currency.

But Bitcoin is created mainly to be a currency, and it is used worldwide online like using any other currency to sell/buy goods and services.

marcbitcoins

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Quote from: Shamie1002 on July 07, 2017, 07:24:06 AM

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?

For me bitcoin is just an asset, a useful valuable thing intended for investments because it cannot be use all over the world unlike our current currency or fiat in which poor people, old and children can use it in a very convenient way in which they will just go directly to a certain store and buy. We have to admit that we are keeping a lot of bitcoin so that we could have a lot of paper money because bitcoin is really an asset or part of our some investments.

Hannahanto

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Its currency. It can be used even as assets or as normal money in an accepting countries. I am planning to earn and save some BTC for future.

NoNetwork

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Quote from: chichigirl on September 25, 2017, 09:06:42 PM

I consider bitcoin as an asset that i own and can be used when i need it. I also consider it as cryptocurrency that i also needed very time that i need to pay some of my monthly bills.

So basically, bitcoin is an asset to be a mean of having a stable income. And it is pretty much being used to fulfill our needs for our everyday living. And on top of that, well most of the time it is being used to suffice what you desired, like buying things that you've always wanted to have - cars, house for instance. I mean to have that kind of life, if you know what I mean.

Valentina N

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https://www.swanfinance.io/

Quote from: Shamie1002 on July 07, 2017, 07:24:06 AM

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?

What is this fiat? For me this is just a paper. Green paper. )) I don't see any difference between fiat and cryptocurrency when we talk about value. Of some people or group of people think that something can have value and it's works in general then it is currency. I think it can be perceived as resource because we can mining it like miners. We can mining it like minerals. All we to determine as valuable is valuable.

sunsilk

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I do treat my bitcoins as my asset, just like the other investments and real properties I've got. Bitcoin can be treated as an asset because in the future it will give us a decent profit upon deciding to sell it.

Quote from: lottery248 on October 03, 2017, 10:00:12 AM

but asset should be something like you will see in the stock market, instead of the crypto market except explicitly mentioning assets, if bitcoin was asset this forum would not even exist till now.

That's it and bitcoin is like that, you are buying a few stock out of the currently 16 million supply in the market and having one of it will make you definitely have an assurance that you have an asset.

jungleMonkey

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Quote from: Shamie1002 on July 07, 2017, 07:24:06 AM

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?

Strictly speaking, bitcoin can be examined as an asset.
But as an asset, he has no future. This is an unstable, semi-legal asset.

If bitcoin has a future, then only as a currency.

lottery248

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beware of your keys.

but asset should be something like you will see in the stock market, instead of the crypto market except explicitly mentioning assets, if bitcoin was asset this forum would not even exist till now.

donGeilo

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Bitcoin is both asset and currency . I use bitcoins to pay my bills , go for movies and for buying food etc. so for me bitcoin is a currency. More and more places are accepting bitcoins as a mode of payment. Bitcoin is also an asset because many people like me earn bitcoins , save them and use them for future benefits. The bitcoins value is likely to increase at any time so many people keep it as an asset . It is ultimately the decision of the users that how they use it , whether thy spend it like a currency or keep it as an asset.

vegito

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At the current state, it's more an asset, but not only an asset. People are already using it to exchange things around the world, which means it is already a currency.

kpcian

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I have a strong feeling regarding Bitcoin that I love this very much. I believe that Bitcoin is just not an asset, it is more than that. because of its price beyond go to $3800 USD so you must have to admit that bitcoin is an asset. This value is enough for purchasing a lot of thins. especially in the virtual world, you can join with several ICO which will bring a lot of money. so it can be said that Bitcoin is more than an asset.

Colt81

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Quote from: Shamie1002 on July 07, 2017, 07:24:06 AM

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?

Actually, bitcoin is also an asset where you could make high income. However, you can also use it as currency where you can use it in different kind of transactions like paying bills and many more. Lastly, I think bitcoin is also an currency and asset and I guess it will depend to you how you would use it.

Karimeen

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Bitcoin value is surpassing gold now a days so we can say it is an asset to posses Its price is volatile a short time in the market and the price fluctuations are higher and the volume transactions are also higher. So the investors can derive more profits. Its growth history is attractive and hence the number of investors can be increased.

lucas18

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exactly, when you have found that a bitcoin price is near about $4000 USD then you must admit that it's an asset because you can purchase a lot of things by this amount of money. so it is easily said that Bitcoin is an asset, especially for me...

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