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Topic: Is Bitcoin a currency or asset? - page 17. (Read 12796 times)

jr. member
Activity: 32
Merit: 2
March 02, 2018, 12:40:25 AM
for me i agree with that as of these days bitcoin is getting used as an asset.
 investor buys it with the concept of bitcoin's cost will constantly upward thrust proportionate to time.
maximum of this buyers does not intend to spend their cash in change of exact or services inside real economics in real world. therefore i believe it is more justifiable to call it as an asset instead of a foreign money.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
March 02, 2018, 12:18:36 AM
The transaction fee had increased by manifold in December, and that is one of the reasons why Bitcoin is no longer being used as a currency. But I was checking some of the recent transactions, and I could find transactions paying fee as low as 0.727 sat/B getting confirmation in less than 10 minutes. The fee can't get any lower than this. But how long this is going to last?
newbie
Activity: 35
Merit: 0
March 02, 2018, 12:16:19 AM
It originally started out as a method of currency, but as people realised it's worth and got more interested, it's values rose as a currency.In addition to that, bitcoin is a digital money and currency that you can use in different kind of transaction.
newbie
Activity: 39
Merit: 0
March 02, 2018, 12:15:07 AM
We can say that bitcoin is a currency and at the same time asset. Bitcoin is a currency because as we know it is a cryptocurrency and bitcoin can be used to buy things online.Actually bitcoin known as a currency but now days bitcoin likes a asset
newbie
Activity: 51
Merit: 0
March 02, 2018, 12:07:07 AM
It is obvious that Bitcoin is a digital currency having unique characteristics than other currencies.Right now, if you have a number of bitcoin you can consider it asa valuable asset than currency, i think that is the reason that koreans rather used bcc for their daily transactions
newbie
Activity: 31
Merit: 0
March 02, 2018, 12:05:53 AM
 If other people seems to understand it in different way like no investments of campaigns, but the idea is wrong and for me you invested your time and your mental skills.it can be their assets too. thats the thing that i know and i believe. but whether they call them an asset or a crytocurrency i dont care as long as it has a value its my wealth.
newbie
Activity: 39
Merit: 0
March 02, 2018, 12:05:01 AM
I use bitcoin as a currency now because I use it to pay my bills and other expenses but I still need to convert it to fiat to pay for those because they don't accept bitcoin as payment directly and they don't even know what it is so I have no choice but to convert it.I for instance don't have any plans of selling yet and so I'm holding my tokens for as long as I can and so to me it is an asset at the moment but when I decide to spend it will be my currency.
newbie
Activity: 45
Merit: 0
March 02, 2018, 12:04:03 AM
 It is no longer meaningless to look for a physical currency anymore, just the numbers normally seen in our bank account. Bitcoin is in that respect a much safer bet and since it can be used by anyone, anywhere, with access to internet, it is highly useful in that regard.
newbie
Activity: 154
Merit: 0
March 02, 2018, 12:03:17 AM
I think bitcoin is primarily currency latter then it also as an asset, as the word says cryptocurrency it is currency, by which we can make an investment and can trade by using that can accumulate coins, once we accumulate that becomes an asset.
newbie
Activity: 51
Merit: 0
March 02, 2018, 12:03:05 AM
There is no specific classification as to where the bitcoin belong whether its a currency or as an asset because it depends on how the owner will use it.I am investing in it so it is some kind of asset in some sense. I am letting it grow. I am also spending some little amounts of BTC for some needs whenever necessary. So it is also being used as a currency.
newbie
Activity: 40
Merit: 0
March 02, 2018, 12:01:28 AM
I can’t properly understand but one think to me I say with my knowledge is that bitcoin is always currency, and the thing is if we have savings then it became our assets, so as we all know that savings are currency,  I don't use bitcoin debt cards because the fees will add up quickly. I prefer ordering in ksrge quantity so the fee is small compared to what you oaying rather then lots of smaller transactions.
newbie
Activity: 42
Merit: 0
March 02, 2018, 12:00:17 AM
for me bitcoin is primarily a currency that is yielding good dividends. Perhaps in the future the percentage of dividends will be reduced, but due to the increase in rates income in Fiat currency will increase and it makes me very happy.Someone once spent about 10,000 BTC to buy pizza some time ago and now he must be regretting it forever.
newbie
Activity: 50
Merit: 0
March 01, 2018, 11:59:09 PM
For me, bitcoin is a kind of currency because it can buy something, payment for your bills even though it is online transactions. If they used as currency that have a specific law in order to make it safe for the users or an asset where people can be able to have it without limitation
newbie
Activity: 1
Merit: 0
March 01, 2018, 11:54:37 PM
For me, it's an asset and a currency Smiley
full member
Activity: 294
Merit: 100
March 01, 2018, 04:01:56 PM
This is not an easy question. It seems to me that bitcoin is an asset rather than a currency. Have you ever seen a currency which is worth 10 000$? In addition, bitcoin is inseparable from the blockchain, and can live only in the system, and currencies can easily exchange and live outside their "system" (country).
member
Activity: 168
Merit: 10
March 01, 2018, 04:00:23 PM
BitCoin is now an investment vehicle but it will be a currency that will be valid all over the world in the future. But it needs some time for it.
legendary
Activity: 3262
Merit: 3675
Top Crypto Casino
March 01, 2018, 03:55:02 PM
I would like to give the currency of the Bitcoin currency or the answer to the question of existence, but I can not give any definite information because it is an unintentional int money between the countries but in the future Bitcoin seems to be taking the place of all credit cards.


This scenario is unlikely for a number of reasons.
jr. member
Activity: 124
Merit: 5
March 01, 2018, 03:48:32 PM
I would like to give the currency of the Bitcoin currency or the answer to the question of existence, but I can not give any definite information because it is an unintentional int money between the countries but in the future Bitcoin seems to be taking the place of all credit cards.
member
Activity: 231
Merit: 10
February 28, 2018, 07:01:51 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
For now, we can't use bitcoins to directly buy things in either shops or online and I think by that, bitcoin is only an asset or investment. If we need money then we need to convert it to real fiat and use that money to buy things. When the time comes that we can use bitcoin to buy things immediately then we can regard it as a real currency but for now, it is still an asset. I understand that we can use bitcoin to buy some product online but still it is need to be to develop and improve.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
February 28, 2018, 06:09:48 AM
Bitcoin is a digital currency, the first cryptocurrency, that can be converted into assets by investing in other projects.

It was originally designed as a currency (if you study the whitepaper published by Satoshi Nakamoto, then this will be clear). But over the years, it has transformed itself as an investment asset. How can you use Bitcoin as a currency, when it has given 50x returns during the last 24 months?
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