Bitcoin just an asset ? - page 23. | Bitcointalksearch.org

GreenBits

legendary

Activity: 1148

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Thats about all it is. It certainly isnt a currency, at least a good one, given its constraints

bitcoin is an asset and not a payment facilitator. Given the ever increasing fees and confirmation times, in this current iteration it will never replace fiat. However, since bitcoin is riding a tsunami of speculation, its a decent asset to invest in; you could do much worse. Investing in bitcoin can fetch you much higher returns than the majority of traditional assets.

Unfortunately, bitcoin is largely unregulated and not secured by a real, underlying asset. When you buy a stock, you are purchasing the company assets and infrastructure. Same with a fiat. Bitcoin is mostly backed up by public trust Sad

So buy, speculate and hodl. Again, you could do much worse.

Fatemablabla

full member

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I'm Matured Now

It depends on how you use it.if you use it to buy things with the help of btc then it is a currency but of you are holding it then definitely it is an asset for you.

andrei56

sr. member

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Merit: 254

Quote from: giveen on July 27, 2017, 12:26:03 PM

You shouldn't take any advice from the media, they mix up most of the truth to something which isn't real at all. About bitcoin as an asset yes it is also a asset but it doesn't end there with bitcoin you can gamble , transafer this asset to someone anonymously, trading with stocks knows as alts and many more. Ignore the media always google there are various trusted sites out there.

Taking advice from the media is terrible, just take a few minutes and watch the commercials, you will find commercials about beer that is bad for your health, commercials about restaurants with overpriced food, and all kind of things that are bad for you and your finances.

setupbounds

hero member

Activity: 910

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Quote from: mongkie on August 23, 2017, 01:17:56 AM

Quote from: Shamie1002 on July 07, 2017, 08:24:06 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?

btc is used as payment in many stablishment nowadays. the main purpose of money or currency is to provide payment in exchange of goods or services. btc is a currency understand?

Bitcoin is the most worthy and expensive asset that one can have in today's world. At the same time, it serves all the purposes and features of a currency. We can say that, it is dual nature. We have the choice to convert it into fiat or directly use it as a payment for availing services. However, we need more companies and shops to accept it.

lalabotax

full member

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BK8 - Most Trusted Gambling Platform

If reviewed for the next few years, as many reliable observers say, bitcoin will increase rapidly. And me we it is an asset.

jossiel

hero member

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DGbet.fun - Crypto Sportsbook

Don't say that it is "just" an asset. It is more than an asset remember on how many people are getting crazy in bitcoin.

They love to earn bitcoin and they love to use it with their different transactions more than fiat.

malikusama

copper member

Activity: 1050

Merit: 294

Bitcoin is digital currency, an asset, an opportunity to earn and is a global currency, this explanation of bitcoin describes the worth of bitcoin and its importance in the modern era. So anyone should not take bitcoin just only as a currency, or only as an asset.

Cazkys

hero member

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Merit: 500

Quote from: Shamie1002 on July 07, 2017, 08:24:06 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 is what we make of it. But we can't make Bitcoin do things it can't. It can be used as currency for buying some things online, for some online gambling, and remittance. It is an asset, an investment. But we have to admit that right now it cannot meet our macro economic needs. It cannot substitute a country's economic budget from billions of dollars to bitcoin. It cannot finance countries that needs to lend money like IMF does. It cannot even meet our micro,personal economic needs. Bitcoin is still not at the stage to be used in grocery shopping or commuting. But it doesn't mean that Bitcoin doesn't have the characteristics of becoming a currency that can meet our every needs. Just give it time.

Monnt

legendary

Activity: 938

Merit: 1002

Quote from: Oo ako to on August 23, 2017, 01:11:44 AM

Yes. It's really an asset but still it can also be used as a currency. Many people are starting to use it as tool for paying goods, services and other things that they buy online. More and more companies are starting to accept bitcoin so it can really be treated as money.

I will agree with half of your opinion. Bitcoin is a crypto currency so it makes bitcoin a currency that can be used to pay anything in the world and a lot of people do that as well. And I think it really is a currency, we buy it trade in it, earn it in gambling, invest in bitcoin, pay in bitcoin. So, if we can do all the things that we can also do with ordinary currency then how can you not accept it as a currency ?

cubevtc

sr. member

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Ceck me in livestream twith

not only asset are the best asset in last 1 years

Peashooter

sr. member

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Quote from: Shamie1002 on July 07, 2017, 08:24:06 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?

I think bitcoin is not just an asset but its a form of new currency. In addition to that, bitcoin is the new currency because bitcoin is a digital money on online market. Bitcoin is a digital money that you can use in different kind of transaction and I think bitcoin will become the best world currency.

webmastax

full member

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I depends how you use it.. if you use it to buy goods or to send payment it's a currency. if you are holding it it's an asset.
For me i use both ways.

Wintersoldier

sr. member

Activity: 966

Merit: 274

Quote from: Juggy777 on July 07, 2017, 08:49:46 AM

Quote from: Shamie1002 on July 07, 2017, 08:24:06 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?

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.

Technically Bitcoin is not just an asset because it is a form of currency which is to happen to be associate with techno to be a form of crypto-currency that serve as an option for a better way of transaction. So if we are looking for a form of currency which is set to established a good platform on transaction and can also be an asset for investments and trading Bitcoin is the best example of a currency that can give you both.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: Shamie1002 on July 07, 2017, 08:24:06 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 is an asset if you owned(invest) on it and of course it is a virtual currency it doesn't have the characteristics of the fiat currencies, because it's just rotating around on the internet unlike on fiat currencies. Some people would think that bitcoin is just a normal asset because they even not trying to research what is bitcoin in the first place.

joromz1226

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Quote from: Shamie1002 on July 07, 2017, 08:24:06 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?

Well for me bitcoin it is not just an assets, but of course a type of investment too, where it can produce big profit in the long run. Bitcoin has a lot of usages were the users would enjoy the benefits of it while using it, whether in sending money thru remittances, savings, and etc.

ekoice

hero member

Activity: 742

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Quote from: Shamie1002 on July 07, 2017, 08:24:06 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 was created by satoshi only as a digital currency.Th only issue for using it as curency which is the higher transaction fee problem has also been solved by segwit activation.Its getting legalized in many countries and many online staores and retailers are coming forward to accept bitcoin as payment.But the problem is that its high increasing price has madde people to think just save bitcoin as a valuable asset and not to spend it as a currency.

JasonXG

hero member

Activity: 770

Merit: 500

I think it is probably true they are not currencies in the traditional sense but I believe something better. Like a hybrid of both. They mostly are like assets but they assets you can spend without having to first sell. That's what makes them so great and above par.

owengtam09

full member

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People can make bitcoin as their assets if they have a lot of bitcoin, I think it is depend of a person, it doesn't matter if bitcoin can be asset as long as we can use it smoothly, there would be no problem at all.

Laergan

newbie

Activity: 41

Merit: 0

I hope that it stays an asset until mass adoption takes place, in which case it would then stabilize in price because now everyone has it. Then it will be a much less risky currency.

pugman

legendary

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dogs are cute.

Quote from: Shamie1002 on July 07, 2017, 08:24:06 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 was invented for replacing all the existing currencies and to remit money,pay no tax and many more.But unfortunately and fortunately bitcoin's volatility has changed bitcoin from being a currency to an asset and we the people who use it are the reason. So yes ,bitcoin is used more as an asset than it is used a currency.

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