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Topic: Bitcoin just an asset ? - page 30. (Read 9214 times)

newbie
Activity: 49
Merit: 0
July 14, 2017, 10:08:18 PM
#69
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 that's wrong, as some countries now allow the use of bitcoin to pay for services, bitcoin can still be considered a currency and it is waiting to be developed. World recognition, in the future bitcoin will be a formal currency.
full member
Activity: 162
Merit: 100
July 14, 2017, 10:04:48 PM
#68
Bitcoin is a very valuable asset, maybe more than an asset, more than just stocks or investment tools, bitcoin and blockchain systems can change financial technology, maybe still vague, but start many countries that implement bitcoin, if this trend continues then the world of finance will Changed in the future, banks no longer needed
sr. member
Activity: 322
Merit: 253
Property1of1OU
July 14, 2017, 08:18:21 PM
#67
In fact, the currency is an asset with the highest liquidity, so if bitcoin becomes sufficiently liquid, it will be on par with traditional currencies.

indeed... that's what I thought when I read the subject 
sr. member
Activity: 406
Merit: 250
https://gexcrypto.io
July 14, 2017, 07:52:01 PM
#66
Bitcoin may be different from the actual currency in our country or fiat but it can exceed the limits of what fiat can do. There are some instances that bitcoin can be a more convinient way of paying transaction instead of fiat. Yes, we may considere bitcoin as an asset but it definitely a useful one.
klf
legendary
Activity: 1344
Merit: 1000
July 14, 2017, 07:40:40 PM
#65
I think yes,because bitcoins is not made for that thing bitcoins is made for financial freedom and not for being a legal currency in the future,its just an asset i think andwhat you said is right

Just an asset and very risky one. Bitcoin has been created to decentralize the world economy but it turned into a speculative asset for whales.

If you invest money in bitcoins for an only short term, then you need to worry for all these short term price volatilization otherwise no need worry about the price fluctuations. Because slowly many businesses going to accept bitcoins and bitcoins will be held by many people that time these whales can't control the prices so easily. So if just invest and keep it for long then surely you will make a good profit out of it.
legendary
Activity: 1666
Merit: 1001
July 14, 2017, 07:38:06 PM
#64
Bitcoin is a currency, it is a digital currency, however it is more valuable as asset and investment, and most of the people including me treating Bitcoin as an asset, the price rising of Bitcoin is too fast so it is not really suitable to be used as currency because of this reason Bitcoin has become more valuable as an asset
sr. member
Activity: 952
Merit: 323
July 14, 2017, 07:22:42 PM
#63
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 i am no expert, therefor i can not say with certain what bitcoin is. I can only say what it is to me. For me bitcoin is currency, because if you can buy some thing with it, and for me that is currency. But there are not much places where i could spend my bitcoins, so i change it to fiat.
Sometimes opinion about bitcoin by each per person is different depending on how them usually use bitcoin for. I think bitcoin has multiple functions not only as asset, it also as currency, investment and many more.
full member
Activity: 211
Merit: 100
July 14, 2017, 07:19:10 PM
#62
I think yes,because bitcoins is not made for that thing bitcoins is made for financial freedom and not for being a legal currency in the future,its just an asset i think andwhat you said is right

Just an asset and very risky one. Bitcoin has been created to decentralize the world economy but it turned into a speculative asset for whales.
hero member
Activity: 560
Merit: 500
July 14, 2017, 07:00:24 PM
#61
I think yes,because bitcoins is not made for that thing bitcoins is made for financial freedom and not for being a legal currency in the future,its just an asset i think andwhat you said is right
full member
Activity: 224
Merit: 100
July 14, 2017, 06:57:38 PM
#60
According to Sheba Jafari, vice president of securities division Goldman Sachs, predicts Bitcoin could enter the new highest asset. The analyst projects that the leading digital currency may generate profits to push it to new record altitudes, even after prices nearly triple the price in 2017. I think what he says is true. Bitcoin becomes a valuable asset and provides a great advantage to its owner. For me bitcoin is a very profitable long-term investment. I will save the bitcoin so that later I will get multiple benefits
hero member
Activity: 826
Merit: 502
July 14, 2017, 06:37:44 PM
#59
Presently, Yes. BTC is more of an asset right now than a currency. Lots of people buying BTC in the thought of making a fortune with the investment. It is because of the sudden rise in the price, we all know that when the price becomes stable people will transact it as a currency. Have to wait till August 1 for the outcome of Segwit.

Correct. It is also an asset for me because people are buying into it thinking of getting rich quick by investing. However,  I disagree with you that bitcoin price can be stable, it will not be, its either going up and down. We don't know what will happen on Aug 1 but I'm hoping for the best.. Specially to solve the block size problem. But I don't think it will really affect the price of bitcoin being stable.
Bitcoin is the most valuable asset one can have and it has all attributes to meet the future economics of the world. The world has not seen the real power of bitcoins yet. Only governments are afraid of bitcoins overpowering paper money. 
sr. member
Activity: 406
Merit: 251
July 10, 2017, 02:25:48 PM
#58
I think the bitcoin has not been fully utilized for payments because the limitations of bitcoin are only in certain environments that can accept bitcoin as its payment, and so far I have little bitcoin to be an asset, as many people are investing in it, and maybe For the future bitcoin can be used as the money we use every day
hero member
Activity: 2086
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
July 10, 2017, 09:23:21 AM
#57
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?

That depends on how we define currency or money. How the law defines currency is entirely different with Bitcoin but it doesn't mean it losses its value nor it can't be used as a mode of payment which in fact it can. Bitcoin acts like a real currency though not considered as a real currency but its fine since it doesn't hinder how people benefit and earn through Bitcoin.
hero member
Activity: 840
Merit: 501
July 10, 2017, 07:13:37 AM
#56
Most of the people now using bitcoin as asset and investment because it is so profitable and so many investors got advantage by investing in bitcoin, but the main purpose of bitcoin is to become currency that can be used globally
hero member
Activity: 2506
Merit: 644
Eloncoin.org - Mars, here we come!
July 10, 2017, 07:10:35 AM
#55
For me, I consider Bitcoin is only bitcoin.
Because i also hear from the people, some people said, Is bitcoin a Currency or Money?
Now this thread some like this Is Bitcoin an assets or not?
Then i believe if we earn from bitcoin very well, then we should accept bitcoin is everything for us.
Because when we earn from it as a money then it is money and when we hold it then it will be asset for us.
 
newbie
Activity: 42
Merit: 0
July 10, 2017, 07:05:02 AM
#54
Some reasons that represent Bitcoin a new asset class:

Investability
Correlation of Returns: Price Independence
Politico-Economic Profile
Risk-Reward Profiles
legendary
Activity: 1176
Merit: 1001
The most Professional Cryptocurrency Casino
July 10, 2017, 06:52:39 AM
#53
I think bitcoin is also considered as a property because I think it's like a currency. You can use it to buy other goods and services. A great asset to make a profit is to earn big money from your product when you are saving the bank
I think bitcoin is not an asset, but it has value like a physical asset. How we can buy one land or house and after few years the land value increase like that bitcoin value also increase if you save this coin for a long time. But it does not have value like a physical asset. The price drop in the market will not affect much on a physical asset, but it will effect on bitcoins.
Correct, the asset is something of an investment whose value may increase or decrease but I think you wrong choose an example because the price of the land or house will continue to increase from year to year, it is not same like bitcoin whose price can down anytime but I agree that bitcoin just an asset .
sr. member
Activity: 1288
Merit: 253
July 10, 2017, 06:51:22 AM
#52
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?

They were wrong, everything was in fact not so simple, bitcoin is a virtual currency that is very effective in online transactions, it can completely be considered as a real money.

Probably what is meant is bitcoin is not a currency because it doesn't meet the aspect of modern regulation and national taxation, most of us will smile with this because bitcoin is some kind of latest economic innovation. Bitcoin is a virtual currency because it can be traded for goods and services payment. This character has become an authentic proof, bitcoin also meets the element as an asset due to fluctuations that move more on the incentive of verbal assets.
full member
Activity: 224
Merit: 100
July 10, 2017, 06:32:19 AM
#51
Bitcoin is good asset and it is currency.bitcoins can be used for online transactions also.it is asset and good for investors.
hero member
Activity: 868
Merit: 504
July 10, 2017, 06:31:08 AM
#50
It's true Bitcoin has huge potential, a global financial superpower that's influence Bitcoin are accepted in many currencies. But, It will take a long time before a country adopts bitcoin as an official currency. However, It's great news for us as many one starts to concern about Bitcoin.
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