Topic: Is Bitcoin a currency or asset? - page 12. (Read 12796 times)
Essentially, Bitcoin is being referred to as an asset, which is implying that the Bitcoin is an unstable investment, and it can’t be considered a currency. Any currency that’s considered to be a “currency” such as the USD, is considered to be stable, and not driven by volatile changes. Over the past year/months, the Bitcoin has experienced a surge in price, deeming it too premature to consider it to be a viable currency. To conclude, bitcoin tends to be an asset.
I do not think bitcoin can be money. because now many have made a statement that bitcoin is a digital asset is not a money, so it is true. and I agree when bitcoin is said to be a digital asset
Bitcoin can work well as an asset. Also, it can be stored securely and cheaply. Moreover, cold wallets are the best way to store your Bitcoin safely. Bitcoin also has potential as a currency or maybe a global currency. New companies have been created to allow Bitcoin to be used in a much more friendly way. Additionally, As of now, Bitcoin remains as asset or currency.
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
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
I consider bitcoin as an asset. Although bitcoin values tend to be unstable, but in the long run the value can be high and it is good for investment.
Bitcoin is a very useful and necessary way to make transactions with our money. It operates without authority or central banks. All transactions are carried out by participants of the network. It is known all over the world. Anyone can become the member of the Bitcoin tribe. It opens new horizons of different opportunities. So what is currency?
Definitely bitcoin is a currency because is a means of exchange or trade and also an asset because you can keep it in time and either increased or decrease it's value
As for my opinion, I think bitcoin at the current moment suits the asset recognition. Because as a matter of fact it really is more of an asset of investment more than a currency. There are a lot of things and circumstances that hinder bitcoin and a lot of cryptocurrencies, if not all, the ability to stabilize in value and become currencies. But I think for the current moment it is just fine for bitcoin to be an asset. Definitely bitcoin is a currency because is a means of exchange or trade and also an asset because you can keep it in time and either increased or decrease it's value
My country's recognition of Bitcoin is assets. But I think Bitcoin is not just an asset. Now all cryptocurrencies can be exchanged in the common currency without any problems. Bitcoin is the currency among digital currencies.
Its an asset that can be used as a currency
Bitcoin is cryptocurrency, so it is clear that bitcoin is a currency, although only virtual. Bitcoin is also an asset, because bitcoin can be a good store for the future. So if asked is bitcoin currency or assets? So my answer is both, bitcoin is currency and asset simultaneously.
So if you love bitcoin you just must love eBTC .
Hello Elvis128, totally agree with you. eBTC is Bitcoin 2.0, it's written. More stronger in any domain. BTC was Satoshi step1, eBTC created maybe by the same Satoshi (eBTC creator is an unknown satoshi21 who disappeared as well) is the step 2 for massive adoption. Really strong project.
Whatever increases in value over a period of time is an asset. Land is an asset. Whatever can be used to pay for goods and services may be referred to as a currency. Bitcoin possess both qualities.
For me, bitcoin is the currency and also the asset. because some people have sold their property to invest in bitcoin. It will carry the same meaning as property. Depends on the perception of each person. And bitcoin is very important in keeping and securing. All information about online wallets is risky and can evaporate at any time.
The fact that the bitcoin can be used as legal tender for payment makes it an asset and the fact that the price of the coin has appreciated over time makes it an asset. So the bitcoin is both an asset and a currency, irrespective of the market crises it may be going through....
Bitcoin is a very useful and necessary way to make transactions with our money. It operates without authority or central banks. All transactions are carried out by participants of the network. It is known all over the world. Anyone can become the member of the Bitcoin tribe. It opens new horizons of different opportunities. So what is currency?
Definitely bitcoin is a currency because is a means of exchange or trade and also an asset because you can keep it in time and either increased or decrease it's value
So if you love bitcoin you just must love eBTC .
Definitely bitcoin is a currency because is a means of exchange or trade and also an asset because you can keep it in time and either increased or decrease it's value
So if you love bitcoin you just must love eBTC .
Bitcoin is a very useful and necessary way to make transactions with our money. It operates without authority or central banks. All transactions are carried out by participants of the network. It is known all over the world. Anyone can become the member of the Bitcoin tribe. It opens new horizons of different opportunities. So what is currency?
Definitely bitcoin is a currency because is a means of exchange or trade and also an asset because you can keep it in time and either increased or decrease it's value
Definitely bitcoin is a currency because is a means of exchange or trade and also an asset because you can keep it in time and either increased or decrease it's value
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
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 understanding BTC is both currency as well as asset. We already experienced BTC usage for almost a decade which btc become the number one wealth of some individuals and additionally btc become we a money which is generally used by many people that is why it can be called currency.
Bitcoin is considered as a currency because it is a digital currency and you can call it asset as well because it is good for a long term investment. Most of the businessman are investing in this coins because the value is keep on increasing periodically.
I am more apt to think of it as a store of value. BTC is not able to be used for everyday transactions. For example sending $5 to a friend remains expensive and takes awhile to be confirmed by the network.
I'm interested in those who seek to overcome these issues. eBTC is a sleeping giant I think, as the project has the fundamentals to achieve mass adoption. Very exciting to think about the possibilities the future holds.
Bitcoin is a kind of currency but not for massive adoption. Bitcoin is like Gold, it's a lazy placement, not a currency. To be honest, I am sure that eBitcoin will one day overtake Bitcoin. eBitcoin fixes all Bitcoin issues... also the massive adoption, scalable and environment issue. Many here know about the potential of eBitcoin and are agree with that. A currency should be used by all the people, BTC with congestions cannot (And I am a BTC lover !!)
eBitcoin (eBTC) is :
—> Bitcoin code source on Ethereum Blockchain
—> Environment Friendly
—> Unforkable
—> All tokens are premined and in circulation (no miners issues and really deflationist)
—> Highly scalable with the Ethereum network
—> Faster (much more faster than BTC : 10-15sec tx for eBTC and 10-30 min for BTC)
—> Cheaper transaction fee
—> Possibility to send 255 payments within 1 transaction (1 fee)
—> Fit for mass adoption
—> Less congestion than BTC network
—> Sharding and plasma in the future
—> A smart Ecosystem with many crypto partners working together as a global team
eBitcoin (eBTC) is :
—> Bitcoin code source on Ethereum Blockchain
—> Environment Friendly
—> Unforkable
—> All tokens are premined and in circulation (no miners issues and really deflationist)
—> Highly scalable with the Ethereum network
—> Faster (much more faster than BTC : 10-15sec tx for eBTC and 10-30 min for BTC)
—> Cheaper transaction fee
—> Possibility to send 255 payments within 1 transaction (1 fee)
—> Fit for mass adoption
—> Less congestion than BTC network
—> Sharding and plasma in the future
—> A smart Ecosystem with many crypto partners working together as a global team
If you consider bitcoin more carefully, bitcoin really can not be considered a currency. Most of the national money is not a currency. Currency, this is money, which also perform the function of settlements between states and there must be an international agreement on this matter. Although digital coins are called crypto currency, this name is arbitrary, it does not correspond to the actual state of things. The G20 countries intend to recognize the crypto currency as a financial asset, starting in July we will see how they will justify their decision.
Bitcoin is considered as a currency because it is a digital currency and you can call it asset as well because it is good for a long term investment. Most of the businessman are investing in this coins because the value is keep on increasing periodically.
For me bitcoin is both.My opinion that its currency and assests.if we saw nearly its meanings is same.both of important them.its keeping and securing of bitcoin.
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