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Topic: Is Bitcoin a currency or asset? - page 15. (Read 12796 times)

newbie
Activity: 182
Merit: 0
March 15, 2018, 07:32:21 AM
i think bitcoin is more subsequent to an asset. Because currency is defined as a maintenance 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 sophisticated now.
full member
Activity: 336
Merit: 100
March 15, 2018, 04:59:26 AM
my opinion bitcoin is a valuable asset seen from the beginning appears to have made people curious up to now, an asset that is quite valuable because the price can be high every year as well as the demand of many people but did not rule out it could be the second currency
newbie
Activity: 168
Merit: 0
March 15, 2018, 04:55:12 AM
BTC is not currency now because many country don't want to accept it.

I prefer to cal it is an asset. If you keep it for a long time, then it will become an asset.
full member
Activity: 274
Merit: 100
March 15, 2018, 04:53:24 AM
It's an asset.

It can't be a currency unless it's useable to buy products and serves commonly. Until I can buy a loaf of bread - it be instant, without a fee - then it can't be considered as a currency. Until I can receive bitcoin for my day-to-day job, it can't be considered as a currency. It's nowhere near as useful or as stable as FIAT, or as accepted. I mean, that's obvious, but the point is...if bitcoin wants to be a currency, it's a long long way away from that right now. Until it changes (and it does have to change) it'll never be a reliable global currency in line with how many perceive/hope.
newbie
Activity: 11
Merit: 0
March 15, 2018, 04:49:07 AM
In my opinion we should seem bitcoin as a currency. Why? Cuz we can use it to trade, to pay fee, pay bill. It has much more advantages than other currencies now. Besides, bitcoin also has some disadvantages, so we still don't know about its future in many years later. But now let's see it like a currency.
member
Activity: 154
Merit: 10
March 15, 2018, 04:44:00 AM
Bitcoins should be the standard. anything that can be controlled or manipulated by humans will be abused.
newbie
Activity: 14
Merit: 0
March 15, 2018, 04:42:22 AM
For me, Bitcoin is not yet a currency because it is not yet legally accepted worldwide but it is certainly an asset. It has value that's either appreciate or depreciate depending on the market. I think in the near future, Bitcoin can considered a currency once legalized.
I agree with you, it would likely be considered valid bitcoin as currency, but bitcoiner can only wait until the bitcoin will be unveiled
newbie
Activity: 68
Merit: 0
March 15, 2018, 04:21:35 AM
Bitcoin is currency as well as an asset. It depends on how you look at it. It carries features of currency as it is a medium of exchange, though it is decentralized and n government has right to control it, it carries fungible nature, it has durability and allows transferability.

On the other hand, it is an asset as well, you can invest in Bitcoin for a long time as it holds some great value and thus yields great some when sold. You cannot trade with the asset and have to keep it as it is for a certain span of time till its value rises.

Now that, it can be both it’s totally your call to consider it as an asset or currency.
newbie
Activity: 93
Merit: 0
March 10, 2018, 07:49:17 AM
Almost the same one thing word i can say bitcoin is "value". like it or not but true, a very high value! Sometimes going down but foremost it will paid back the exact currency and best amount.
sr. member
Activity: 415
Merit: 250
March 10, 2018, 07:36:38 AM
Based on what I see from the company of bitcoin they are both of this in the human’s life.
They are currency which you can exchange for profit through the process of trading and asset which serve as a back-up plan in our future to become successful and become financially stable.
full member
Activity: 193
Merit: 100
March 10, 2018, 07:34:44 AM
For me is BTC both. I use BTC for payments as same as I keep my another BTC as an asset for next years.

It is designed to be like this, that's why BTC is almost close to perfection. Remember the early days of gold where it is just another currency that don't have that much value, but through the years, gold has earned the reputation. How about mining? Gold and diamonds need to be mined in order to get some without relying on others. And cloud meaning is the same, in order to get the remaining BTC, miners must do their work or else there are no people who will drive the network and the supply won't be able to increase anymore. In the meantime, you can use it as a payment, and as an investment too, in the long run.
jr. member
Activity: 82
Merit: 2
March 09, 2018, 10:06:50 AM
First of all, I don't think you can compare the word Asset to a Currency. This is simply because anything we purchase will be called as an asset and its currency will depend as to what value did you used. Is it in dollars?euro?bitcoin? These are the currencies. I think you should say it this way. A bitcoin is a currency. When you invest it that becomes an asset. Simple accounting.
newbie
Activity: 19
Merit: 0
March 09, 2018, 09:54:25 AM
i think right now is an asset like golds or Painting but ofc it could be used like a currency
newbie
Activity: 85
Merit: 0
March 09, 2018, 09:22:19 AM
It’s more of a currency now than an assets but sooner or later it can be both once it’s already accepted worldwide.
full member
Activity: 336
Merit: 100
March 09, 2018, 09:17:15 AM
That depends on the views of many. . Both are really good. It's really very potential in the future. Bitcoin will be a valuable asset. If you keep more bitcoin it will bring you more profit in the future. Bitcoin is also considered a useful payment method. The future payment potential of bitcoin will be greatly improved.
newbie
Activity: 55
Merit: 0
March 09, 2018, 09:01:10 AM
Depending on the purpose- Bitcoin to purchases and money transfers of for investing/trading Smiley
newbie
Activity: 24
Merit: 0
March 09, 2018, 08:58:27 AM
In my opinion its covered both way. those who want to use it currency so they can easily. Also, If anyone want to save some assest like House,plot etc, so bitcoin is good choice for them.
newbie
Activity: 56
Merit: 0
March 09, 2018, 08:54:10 AM
I still believe the volatility of Bitcoin affects its use as an asset. As a currency, its still a good alternative to national currencies especially in national economic currency instability situations. but for personal funds transfer purposes its good and fast.
full member
Activity: 1028
Merit: 144
Diamond Hands 💎HODL
March 09, 2018, 08:24:03 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  Smiley Wink
Bitcoin is both a currency and an asset.In bitcoin you can gain and earn so much money using the less of your time ans the less of your effort.In bitcoin you can make your time and effort productive.You can be richbuaing the bitcoin.
hero member
Activity: 994
Merit: 544
March 09, 2018, 08:23:29 AM
For me bitcoin is just an asset, it can not be said as a currency because its value is very unstable. In my country alone bitcoin is not recognized as a means of payment, obviously bitcoin is just an asset.

I disagree with you.  It is obviously a currency as we all know that it is a currency designed for online use.  And as we all know, bitcoin is a digital currency/crypto currency.  So obviously it is a currency.  A currency which can be used just like the ordinary currency but it is only for online use.  It is an asset if you already invested on it.
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