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Topic: Bitcoin just an asset ? - page 27. (Read 9214 times)

legendary
Activity: 1120
Merit: 1000
July 26, 2017, 07:29:33 PM
for me its an asset. When it is actually used widely as a currency I'll think otheriwse
yes bitcoin is an important assets as i have put all my assets in bitcoin and now i am depending for my profit in bitcoin. i am hopeful that bitcoin will give me a good profit after some time.
full member
Activity: 225
Merit: 100
July 26, 2017, 04:10:05 PM
There are two big problems with bitcoin as a currency, its value is unstable and its transaction processing is too slow. Hopefully transactions become faster than what it is now and  with time the value will be stable, or less volatile.
It is the case with every asset,the values will go down and up and it all depends upon the market,the volatile nature of bitcoin is really great for day traders to make the maximum amount of money with it and if you know the trick to make money through these volatile market then you can make a good profit.Bitcoin is not just an asset but it is a currency.
full member
Activity: 169
Merit: 100
July 26, 2017, 03:33:19 PM
for me its an asset. When it is actually used widely as a currency I'll think otheriwse
full member
Activity: 170
Merit: 100
July 26, 2017, 03:30:32 PM
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 somewhat agree to this, because I also believe bitcoin is an asset and not a payment facilitator. With the high fees and higher confirmation time, it simply can't replace the fiat in any way. However, since bitcoin is being speculated and played across the world, it is a very good asset to invest in and to hold. Investing in bitcoin can fetch you much higher return than any other conventional investment can do.

The bitcoin is not regulated and also not generated by a backup asset like fiat currency. In most cases, fiat is backed up by gold, which bitcoin is not. Bitcoin is mostly backed up by public trust and can be a disaster anytime. So play with it and save it for future as an investment asset. That's where bitcoin is good at. 
Yeah, I agree with you that bitcoin is just an asset and not a legal currency for smooth business across the world like dollar. Bitcoin can be used as an asset in particular forum. It is also right that it has no anyway of regulation nor generated with some else backup like gold, but this is due to not recognition in rest of the world, yet. Whenever, it gain a strong position and get recognition/legalization position, then it will also be called a currency.

Bitcoin has a niche, not like dollars, euros, gold and other assets. Bitcoin targets only a limited crowd. It can't be used by the entire world. And central organizations will never want to legalize bitcoin because they don't want dollar to lose its value.
hero member
Activity: 686
Merit: 500
July 26, 2017, 03:20:26 PM
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 somewhat agree to this, because I also believe bitcoin is an asset and not a payment facilitator. With the high fees and higher confirmation time, it simply can't replace the fiat in any way. However, since bitcoin is being speculated and played across the world, it is a very good asset to invest in and to hold. Investing in bitcoin can fetch you much higher return than any other conventional investment can do.

The bitcoin is not regulated and also not generated by a backup asset like fiat currency. In most cases, fiat is backed up by gold, which bitcoin is not. Bitcoin is mostly backed up by public trust and can be a disaster anytime. So play with it and save it for future as an investment asset. That's where bitcoin is good at. 
Yeah, I agree with you that bitcoin is just an asset and not a legal currency for smooth business across the world like dollar. Bitcoin can be used as an asset in particular forum. It is also right that it has no anyway of regulation nor generated with some else backup like gold, but this is due to not recognition in rest of the world, yet. Whenever, it gain a strong position and get recognition/legalization position, then it will also be called a currency.
full member
Activity: 194
Merit: 100
July 25, 2017, 12:50:51 PM
I could say that bitcoin looking on its nature it is an asset, an intangible asset. It is just like cash but unlike cash it has not physical in nature.  And regarding valuation, bitcoin would be valued on its current market price and like other asset btc could also gain profit/loss due to conversion.
sr. member
Activity: 854
Merit: 252
July 25, 2017, 11:55:36 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 I agreed that Bitcoin and other altcoin currencies can be considered as assets. Especially if this assets is producing profit because it is engaged in business type. So meaning it is not just an assets but also your own business also were it can us savings in the future.
member
Activity: 75
Merit: 10
July 25, 2017, 09:54:35 AM
Yes, you should treat it as an asset. It is no different than commodities such as gold/silver in that regard.
full member
Activity: 210
Merit: 100
July 25, 2017, 09:39:26 AM
There are two big problems with bitcoin as a currency, its value is unstable and its transaction processing is too slow. Hopefully transactions become faster than what it is now and  with time the value will be stable, or less volatile.
hero member
Activity: 2618
Merit: 582
Leading Crypto Sports Betting & Casino Platform
July 25, 2017, 05:48:41 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 not just an asset.
Bitcoin is a way to start business internationally in rest of the world. Within seconds you can buy and sell through bitcoin which is recognized to be a currency in the world.

Although in many countries it is not considering as a currency legally, but soon it will be known as an international currency in all over the world. So it is just an asset, it is a fast transaction way of business too.
full member
Activity: 208
Merit: 100
July 18, 2017, 01:57:50 AM
It is like digital gold, more of asset than currency. But it is a currency as well. Imaging that you can travel the world with bitcoin without the hassle of fiat currency exchange.
sr. member
Activity: 322
Merit: 250
July 18, 2017, 12:05:07 AM
No, I do not think that bitcoin is just an asset. It is much much more than that.

Bitcoin is a new era of electronic currencies, cryptocurrencies. This will eventually replace the paper money we live with today. Yes, maybe bitcoin can be classified as an asset as it is still in its growing phase. The popularity has only started to boom and as a result so has its value (supply and demand). This is a great thing for many investors as it increases the value of their investments while bitcoin's popularity increases at the same time. In the coming few years, we will surely see bitcoin climb to more than 5000 USD with a large number of users, much more than what we can see today.
legendary
Activity: 1442
Merit: 1008
July 17, 2017, 11:41:03 PM
Bitcoin in my opinion acts and serves as currency and asset both. When it is used to buy goods or services it acts as a currency and when it's held for a long time and brings you good returns it serves as an asset. Bitcoin is one such unique invention of the modern times which has the potential to serve as currency and asset both.
mostly still recognized bitcoin as an asset not as a currency , as we can see now there is few merchants and people come and go to buy things with bitcoin . the bitcoin circulation are need keep running otherwise , satoshi's intention to create a peer to peer payment system would gone slowly. we don't want that happened right?
full member
Activity: 490
Merit: 100
July 17, 2017, 11:39:00 PM
Bitcoin is an asset that becomes the highest liquidity currency, the currency is equivalent to the traditional currency we have.

I generally compare bitcoin with the product that brings me a profit and I get the amount of real money that I need.
full member
Activity: 152
Merit: 100
July 17, 2017, 11:30:07 PM
Bitcoin is an asset that becomes the highest liquidity currency, the currency is equivalent to the traditional currency we have.
sr. member
Activity: 686
Merit: 253
July 17, 2017, 10:56:47 PM
It's better to use bitcoin than fiat money. I think you can easily send direct to a person if he/she is from another country. Bitcoin is like a credit card for that we use. We are now in technology so we need a money for this and i think that it is bitcoin.

Exactly and now that European governments are fighting their citizens over cash limitations I guess it's in the right direction to promote Bitcoin as an asset and since it lacks  physicality it could be what these governments are hopUnfair for .
sr. member
Activity: 322
Merit: 252
July 17, 2017, 09:06:07 PM
No, you can convert it to money and it can be used to buy products/services,
it's not just an asset, you can convert it to make it usable and honestly bitcoin is one of the things that amazes me because it can be fluid
convert it anytime to money or act like an asset or act like an investment.
bitcoin has a lot of potential
sr. member
Activity: 406
Merit: 250
July 17, 2017, 07:29:19 PM
It's better to use bitcoin than fiat money. I think you can easily send direct to a person if he/she is from another country. Bitcoin is like a credit card for that we use. We are now in technology so we need a money for this and i think that it is bitcoin.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
July 17, 2017, 07:00:28 PM
Bitcoin in my opinion acts and serves as currency and asset both. When it is used to buy goods or services it acts as a currency and when it's held for a long time and brings you good returns it serves as an asset. Bitcoin is one such unique invention of the modern times which has the potential to serve as currency and asset both.
hero member
Activity: 826
Merit: 502
July 17, 2017, 06:40:17 PM
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 somewhat agree to this, because I also believe bitcoin is an asset and not a payment facilitator. With the high fees and higher confirmation time, it simply can't replace the fiat in any way. However, since bitcoin is being speculated and played across the world, it is a very good asset to invest in and to hold. Investing in bitcoin can fetch you much higher return than any other conventional investment can do.

The bitcoin is not regulated and also not generated by a backup asset like fiat currency. In most cases, fiat is backed up by gold, which bitcoin is not. Bitcoin is mostly backed up by public trust and can be a disaster anytime. So play with it and save it for future as an investment asset. That's where bitcoin is good at. 
Bitcoins can easily replace paper money in developed countries where much of the trading is now a days, done online. The higher transaction fees in nothing in front of the advantages we enjoy by trading with bitcoins. The perks of buying and selling in bitcoins are much more than these minor inconveniences of transaction time and fee. Furthermore, bitcoins are more than just asset. 
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