Is Bitcoin a currency or asset? | Bitcointalksearch.org

boblets243

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Quote from: sonewaneaman on August 18, 2017, 03:28:36 AM

Bitcoin’s very volatile prices have reignited the debate about its usefulness as a currency or as an asset. In some ways, Bitcoin suits the definition of currency quite adequately but if the volatility is less. It allows for the creation of secure and transparent transactions. Thus, can be used as a secondary currency in future. Some of the experts have huge concerns over its volatility. But, sooner or later the prices may remain less volatile as of today.

I have mentioned few points about Bitcoin as a currency or as an asset in my article here: https://atozforex.com/news/is-bitcoin-a-currency-or-asset/

What's your opinion about BTC as a currency or an asset?

Suggestions and comments appreciated

In my own opinion, Bitcoin is both a currency and an asset. It is an asset because it has a value. Also, Bitcoin can be used as an investment. Bitcoin is basically an asset which we spare for future use. It is also a currency (digital) because it is an accepted or known form of money (digital form).

Cookie Man

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I take Bitcoin as both a currency and an asset, its a currency in that it can be used to buy goods and services especially online with stores that accept BTC as a form of pay, its an asset in the sense that bitcoin Bitcoin if invested in and held over a period of time, it tends to increase in value, just like most fixed assets

Infern0

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Good question. In different countries approach differs. For example, in Russia, crypto currencies will be recognized as a digital asset. If this asset were recognized as currency, then there would be much more complicated legislation and taxation.

sungaiyangderas

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I'm sure bitcoin is a currency and an asset, it's meant to be a digital currency in which people will have the freedom in transferring money without a third party is called a bank. And indeed we can transfer bitcoin without bank but we can transfer bitcoin to fiat currency directly.

cryptobucs

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Bitcoin is designed as a currency, a digital currency that can use as a mode of payment online for buying goods and services. But due to its high volatility of price, investors realized that investing in bitcoin will give them a good profit in return. That is why presently, bitcoin is more consider as an asset. But in the future it will become more useful as currency.

CyM99

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Virtual currencies such as bitcoin are assets but the bitcoin itself does not have the essential characteristics needed to become a currency that can meet the needs of modern economic development. Because it is a code sequence created by complex algorithms. But do not deny that virtual currencies have technical value and are a kind of asset

Ishika0207

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Quote from: Gens09 on August 18, 2017, 03:54:06 AM

Quote from: sonewaneaman on August 18, 2017, 03:28:36 AM

Bitcoin’s very volatile prices have reignited the debate about its usefulness as a currency or as an asset. In some ways, Bitcoin suits the definition of currency quite adequately but if the volatility is less. It allows for the creation of secure and transparent transactions. Thus, can be used as a secondary currency in future. Some of the experts have huge concerns over its volatility. But, sooner or later the prices may remain less volatile as of today.

I have mentioned few points about Bitcoin as a currency or as an asset in my article here: https://atozforex.com/news/is-bitcoin-a-currency-or-asset/

What's your opinion about BTC as a currency or an asset?

Suggestions and comments appreciated

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I guess,it could be both. Bitcoins could be a currency and an asset. It could be a currency because it transfers funds online and is easy to use. It could also be an asset but I may say that you would need time for all.

Well I agree with you, Bitcoin’s are not being used as a currency, even though other crypto currencies also not used worldwide. So accordingly me, Bitcoin’s to become an currency will take some time and till than it can only be used as an asset. As by selling it a person can get a money. Which he or she can used to buy things.. Bitcoins is more like an asset

denden king

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I think Bitcoin is a currency rather than an asset. Because it shows the full function of the coin rather than a kind of property

lead momo

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Technically, Bitcoin is a secret currency and is not a digital asset because it was created and designed to be used as currency and can replace cash in the future if legally. Worldwide

kasianov77

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Still, at the moment, I think bitcoin is more a means of capital accumulation, rather than a means of payment. But blockchain technology is not standing still and the involvement of people is growing. It could still change.

CrystalPham

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Bitcoin is not an asset because it does not generate cash flows when it stands independent of its holders. It's not a commodity, because it's not raw material that can be used to produce something useful. The only exception I can think of is that it is becoming an essential ingredient in smart contracts, it can take on the role of a commodity, it can also be an offset for Ethereum by it. traded in the form of a smart contract rather than a currency. However, the supporters of Bitcoin leaned toward the first answer and the opponents chose the second.

sofia male

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For me, it is both an asset because bitcoin is an asset (both long and short term investment depending on the time you hold it) as it can be kept for accrued unrealized gains. its fluctuations Shocked

wiliam robin

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In my opinion, people use it primarily as an asset but because more and more businesses and applications accept bitcoin and hoard it Huh

michael aci

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The Russian government is discussing the "status" of bitcoin. It is proposed to use bitcoin as an asset, rather than as a crypto coin Grin

maria tugo

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Bitcoin is a kind of asset because it is like any other asset destabilizing are like stock and gold Grin

keep bibi

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Well that's a currency but it is also a property because bitcoin prices are higher than any other real currency how am I using bitcoin as a property and I believe it will be popular in the times time to come Grin

kee kee

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I also consider Bitcoin a currency because it can be used to buy something as a family need, and it will become the world's currency when all nations recognize it

maria toren

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Property is a material value that is gradually increasing but can not be traded for everything immediately so in my opinion bitcoin is a currency Cheesy

don pope

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Bitcoin is a long term investment for investors which is why I call it an asset. Grin

sofia lisa

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In my opinion are both A property because it has value and value, a currency because it is accepted as a means of payment and has currency value Shocked

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