I can say that Bitcoin is both an asset as well as a currency. It has all the necessary requirements needed for it to be classified as either a commodity as well as currency. It is a currency because you can use it as payments for your business transactions. there are business establishments worldwide that accepts bitcoin. But, maybe it is still a commodity for others because there are users who just hold on to bitcoin for its value, as an investment. It is expected that the price of bitcoin in the future is upward in value. Some bitcoin users want to do hold bitcoin as their lifetime investment.
excellent thought dude, actually something called a currency when it's a generally acceptable form of money which has 'value of exchange' that's the definition of currency. it is including paper notes, coins even crypto coins like bitcoin. currency is the basis for trade, so bitcoin complete all conditions as currency. 
Topic: Bitcoin just an asset ? - page 20. (Read 9234 times)
Bitcoin is the perfect store of value compared to Gold. Gold is just so difficult to transfer, where bitcoins can be transfered in your head! I'm 100% exposed to crypto, and 0% to gold/diamonds
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.
Yup, with modern definitions of economics bitcoin doesn't look like a currency to me. The currency is value which is used in general purpose use within the country. Now if we look at the bitcoin then it simply doesn't fit in that criteria as it can not be used for general purpose in the country or even anywhere else in the world. You can not take it out of the internet world and can't have it in physical presence. That's the important feature too for having a currency tag.
You call it as an asset in first place and use it like that over the market of crypto currencies. It can store the value but it's not in general a currency itself. In addition to that its value changes in similar manner to assets just in this case it's digital asset!
You call it as an asset in first place and use it like that over the market of crypto currencies. It can store the value but it's not in general a currency itself. In addition to that its value changes in similar manner to assets just in this case it's digital asset!
I can say that Bitcoin is both an asset as well as a currency. It has all the necessary requirements needed for it to be classified as either a commodity as well as currency. It is a currency because you can use it as payments for your business transactions. there are business establishments worldwide that accepts bitcoin. But, maybe it is still a commodity for others because there are users who just hold on to bitcoin for its value, as an investment. It is expected that the price of bitcoin in the future is upward in value. Some bitcoin users want to do hold bitcoin as their lifetime investment.
Not just an asset but more used as an asset some people are using it as currency and some are just holding it to get higher return.
which is very remarkable for the advancement of life, Many ways and smart everyone uses bitcoin in its own way, some hold up to the price soared to the sky, And there are other ways all depend on human and purpose. 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 for me is both an asset as well as a currency. It has all the necessary requirements needed for it to be classified as either a commodity as well as currency. It is a currency as there are more and more places worldwide where bitcoins are accepted as a form of payment. Meanwhile, it is still a commodity as there are thousands of users across the world (if not more) who just hold on to bitcoin for its value, or more like future value. It is expected that the price will drive upwards even further and this is why they are just holding onto it and not doing anything else with it. They might prefer the advantages / stability that their normal currency offers them now, or they might just want to hold onto as many bitcoins as they can and spend as little as possible.
Its a bit of both, but it ultimately comes down to the person using it. They might want to do either things with bitcoin as mentioned above.
Bitcoine is my Assets because Betcoine is my income source. Bitcoine value day by day changes.It's my earn net work marketing.
bitcoin is a good job for people who need progress, All can be achieved because the results are satisfactory.In addition, kuta can hold it until bitcoin prices jumped high dengah price increases, I as a bitcoin users are very happy because bitcoin can also be made a promising sideline , The most important diligence and regulations that have been determined, Thank you bitcoin. 
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.
Bitcoine is my Assets because Betcoine is my income source. Bitcoine value day by day changes.It's my earn net work marketing.
Yes I totally agree, the presence of bitcoin makes a lot of changes in our lives, we can earn extra for doing something simple such as joining the signature campaign program in this forum.
Bitcoine is my Assets because Betcoine is my income source. Bitcoine value day by day changes.It's my earn net work marketing.
I think Bitcoin is asset for many peoples and specially for me its my future assets.Beacuse still now i can not my life is imagine without Bitcoin.I am fully depnad on BTC.
Bitcoin is an asset in the digital form. It is the best type of saving that a person can have at present. Bitcoin is also titled as a digital currency because people can use this as a payment for services provided by several companies, online shops and brands. The most important thing is that it can give large profits in future. Bitcoin has a main function as a currency. The currency is used to perform some financial transactions in the world today.
those who chose bitcoin as an investment are usually the ones who want to profit from the really fast rise and downfall in the bitcoin price.
Definitely, it is a virtual currency. Most importantly it is the secured crypto currency widely used all over the world for different purposes such as trading, investments and sale/purchase of products, projects, ideas and designs of various things. Therefore it is the most valuable asset for me. those who chose bitcoin as an investment are usually the ones who want to profit from the really fast rise and downfall in the bitcoin price.
In my opinion, the perception of each person's property is different. How important are you using that property?
Even by EU Directive and US Federal Law, Bitcoin is a currency, not an asset. Basically, from legal standpoint, that only makes difference when you pay taxes 
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 of it as an asset whether it is considered by some as money or commodity. Asset is something that you own with economic value whether its tangible or intangible (Bitcoin falls into this category) that you own that you will benefit in the future and generates income. Since Bitcoin is appreciating in value, for me it is an asset that you can invest into. For now, it is like a gold or silver that you will buy and wait for it to appreciate in value.
Yeah, bitcoin for me, it is just like an asset, Because i have many reasons in my mind that's why i can call that bitcoin is an asset. Because bitcoin is most popular and strong crypto currency, if we store it for our future and use bitcoin as a money then bitcoin all the time work it. It is an example, that if we buy a plot for investment and save it for a long time, then after 5 to 10 years, this plot will be expensive. Then same like in bitcoin, if you save your bitcoin for a long time, then 100% bitcoin will give you more than triple profit. It is a quality of asset.
Definitely,bitcoin lacks some fundamental aspects of a currency.First,its highly volatile in nature due to which most of countries have not still legalized bitcoin.Transaction time taken is also an issue.Only 1 million bitcoins are available which would create a great demand and problem for it to be used a s a currency in future.More over,most people now have started to treat bitcoin as a high return giving asset.Since its price has increased very high,they just want to save it as an asset rather than spending it as a currency to buy products.
Ok, so he has two arguments for why it isn't a currency:
1) Value is too unstable
2) Processing is inconvenient
Response to 1) there are plenty of unstable currencies. They're still currencies. Instability is a negative, sure, but it isn't a disqualifier.
Response to 2) Bitcoins convenience lies in its obscurity, not in its processing time.
Note: I've never owned bitcoins and perhaps never will, but you can't just redefine what's a currency for a clickbait title. Currency = a widely used medium of exchange.
1) Value is too unstable
2) Processing is inconvenient
Response to 1) there are plenty of unstable currencies. They're still currencies. Instability is a negative, sure, but it isn't a disqualifier.
Response to 2) Bitcoins convenience lies in its obscurity, not in its processing time.
Note: I've never owned bitcoins and perhaps never will, but you can't just redefine what's a currency for a clickbait title. Currency = a widely used medium of exchange.
I think Bitcoin is asset for many peoples and specially for me its my future assets.Beacuse still now i can not my life is imagine without Bitcoin.I am fully depnad on BTC.
Bitcoin is not a currency but I think Bitcoin is an asset, although there are many people who can make better earning using bitcoin. I think it is too difficult if bitcoin becomes currency because it will create instability in the country's economy and the country's currency will not be the hallmark of the country. Jump to: