Topic: Is Bitcoin a currency or asset? - page 14. (Read 12796 times)
I think bitcoin was originally made to be a currency not an asset. Bitcoin was made to be like fiat and to be used as a mode of payment. But due to the high demand and popularity of bitcoin, people took advantage of this and used bitcoin as an asset like gold. Now people are going crazy and is treating bitcoin like a digital asset instead of a digital currency.
Is Bitcoin a currency or an asset? hmm .. In many ways, cryptocurrency like bitcoin is really a digital asset. But, I think, There are several sides that distinguish the two.
There have been several misconceptions about the term "digital asset" and "cryptocurrency" all along. You may see those two words are often used interchangeably but technically that is not true.
Cryptocurrency such as Bitcoin was originally created and designed to be used as a predictable currency capable of replacing cash in the future, while digital assets, on the other hand, have a greater purpose than as a means of payment. however, today many people consider bitcoin to be a currency as well as a digital asset.
There have been several misconceptions about the term "digital asset" and "cryptocurrency" all along. You may see those two words are often used interchangeably but technically that is not true.
Cryptocurrency such as Bitcoin was originally created and designed to be used as a predictable currency capable of replacing cash in the future, while digital assets, on the other hand, have a greater purpose than as a means of payment. however, today many people consider bitcoin to be a currency as well as a digital asset.
I think it could be both. But presently it is more as an asset.
in our country currently can not use bitcoin directly.butuh process profit making its currency. so I think currently only bitcoins for assets have value that appreciates or depreciates depending on the market
well i think,i believe bitcoin is both a currency and an asset. Since the previous reply defines what an asset is and bitcoin fits it if you do not consider it as a currency and bitcoin can serve the dual purpose of being an asset and also a currency. it's a currency because it's has gained acceptance as legal tender for the purchase of goods and payment for services. On the other hand it's an asset because its serves as a store of value due to its volatility. people buy Bitcoin and keep for the main purpose of seeing it appreciate
Bitcoin is mainly a currency, but it is also an asset. It was created to be a currency and it is already used to buy and sell goods, services online, just like fiat currencies. But since its price keep rising highly it is also considered as an asset, and many investors trade this coin with big amounts of money, and some hold BTC for long term periods.
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
for me bitcoin is a virtual currency though it does not exist physically still it has a value in virtual world which can be convertable to real fiat and in due time there is no doubt it would be the primary currency to be used in online transaction 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
Bitcoin is both of them: currency and asset.actually between is a global cryptocurrency, but we can use Bitcoin as a currency through online and we can convert Bitcoin into cash.after that we can use this cash to do anything we want. that's why Bitcoin is currency as well as an asset.
I just think that bitcoin is a currency, like any other currency. Only Bitcoin is a digital currency and can be used as a way of investing by investors. Bitcoin can be used for legitimate transaction tools, such as online payments, electricity, and other bills.
for now i think it's an asset, because the price is fluktuative right now.
But i'm sure one day it will be a world wide currency
But i'm sure one day it will be a world wide currency
We know that Bitcoin is defined as digital money within a decentralized peer-to-peer payment network. But nowdays Bitcoins are mainly used as a speculative investment and not as an alternative currency and medium of exchange.
I think bitcoin is an investment asset in digital form. It would be nice if everyone looked at bitcoin as an asset. If used as a means of payment is certainly more practical, done without intermediaries and is final but when a complaint occurs, no one responds. If bitcoin as currency can be used for illegal activities such as money laundering to financing terrorism.
It is a well-known fact that the balance sheets of all major central banks - the Fed, the ECB, the Bank of Japan, the Bank of England - at that time have grown strongly.
Legally there are usually pretty strict requirements that need to be satisfied for something to be considered as a "currency” (i.e. it’s issued by a government). Since those requirements aren’t satisfied with bitcoin, it’s natural to for it to be considered an asset. Besides Bitcoin is an investment, not a currency, per a recent ruling. Unlike stock or bonds, no one stands behind it and it represents no real value.
for me, it can either be an asset or an currency. it will all depende on you and your country. asset is defined as your own money/investment. currency is defined as money used for every transaction on each country. so the word asset and currency is very different
Well in my opinion, bitcoin is more like an asset. Because currency is defined as a money system that is commonly used in a nation or country. Since there is no specific country that uses bitcoin as currency it is more likely as asset. Its an asset because its value fluctuate and its value compared to its last year's equivalent is much higher now.
i think you can called it both, a currency and an asset. as a new currency that begin acknowledge by all over the world, and then you can save it as an asset
Well bitcoin is more like an asset. Because currency is defined as a money system that is commonly used in a nation or country.
Since there is no specific country that uses bitcoin as currency it is more likely as asset. Its an asset because its value fluctuate more often compared to its last year's equivalent is much higher now.
Its value continuously growing makes it very much profitable for investors..
Since there is no specific country that uses bitcoin as currency it is more likely as asset. Its an asset because its value fluctuate more often compared to its last year's equivalent is much higher now.
Its value continuously growing makes it very much profitable for investors..
In my opinion,i think bitcoin is an asset not a currency.Why? based on the definition of currency,it's a system of money which is generally accepted or in used in a particular country.Yes,it's only applicable for those countries who accept bitcoin as a legal tender but we can't still deny the fact that it's not globally accepted as a unit of currency which is why for me it's an asset since it can be owned and became a intagible property,Also it holds a value which can be used as a payment.
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
Bitcoin really fall on both category, even if it was created to be a currency and be a means of payment and reward its price climbed so high that it became an asset specially if you hold it long time ago. Bitcoin can use as currency to buy and sell, send or receive amount also it is an investment in a long term because of price fluctuation where price varies. 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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