Is Bitcoin a currency or asset? - page 20.

L00n3y

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Quote from: sonewaneaman on August 18, 2017, 02:28:36 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

I think bitcoin can be both. Bitcoin can be used as a means of payment to person/s or institutions that accept bitcoin. Since it has a value then it can also be an asset, an intangible asset.

Cryptoshaft

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for me, bitcoin is an asset since I can't use it in daily basis.
i need to sell it first. and the price is abruptly changing over time

fanita

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for me bitcoin is money that transformed into an asset, bitcoin has advantages as an asset that we can use whenever and wherever we want. you will admit that bitcoin is an asset that must be kept well, making the bitcoin of the asset absolutely true. and better yet we use bitcoin as capital for a better future and we use it to help people who need it. I like bitcoin as my asset because I can help people people with my assets.

CNY dasd

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Many people use bitcoin as an asset, but I think it should be a digital currency, another equivalent exchange tool different from cash money.

Hotel_Prodeo

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I think bitcoin can be called a currency because it can be used for various transactions, trading and various other payments, while we say assets because bitcoin value continues to grow the same as stocks, properties, gold and so on.

olatslodi

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Bitcoin is both currency and asset. This just depends on how we use it but it can be treated as an asset and a currency as one. since the crypto currency is a completely new type of digital currency. If you are benefiting by it's transactions and using it as a model of payment then it is a currency. When you store it, and the price rises, it behaves as an asset.

Jembut Ireng

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I think bitcoin is more accurately said to be an asset not a currency, this is because until now no country has dared to say bitcoin as a currency and legalize bitcoin, bitcoin is a very profitable asset

ladydark

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Quote from: sonewaneaman on August 18, 2017, 02:28:36 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

Actually bitcoin got created as a digital currency.But in reality,now it's being used both as a currency and as an asset.In future too,it would be used more as a digital asset.If it has to get used as a currency,then the high transaction fee issue has to be solved by activating lightning network.

tamarindbleu

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Quote from: vicemi on January 12, 2018, 06:12:38 PM

aren't all currencies assets anyway?

Well for me bitcoin is really a currency we all know that this is the best cryptocurrency among the rest and bitcoin is really tge first cryptocurrency and bitcoin is will only became an asset when we are know starting to make a lot of profit or monwy here in cryptoworld.

vicemi

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aren't all currencies assets anyway?

irienoodles

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I think of it as an asset because of its unstable price. Its like gold stored in the reserve, its price goes up and down.

lepricoin

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umachit.fund

Bitcoin can not yet claim the title of currency, as too much colleting in its price. Nobody wants to be paid in a currency that may fall in value tomorrow.

allycn

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Both. I think more people are looking into being able to actually "spend" their cryptocurrency, while other ones still see it more as an investment. In my opinion BTC is more for long-term investment, while I am more willing to spend other crypto currencies.

gabbiee

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Quote from: Lalafell on January 12, 2018, 08:18:39 AM

Quote from: josephpogi on August 18, 2017, 02:46:10 AM

For me currency and asset is same . bitcoin is asset becuase many people keep it for their future money and because of this value people use this to buy anything that they want like paying bills or buy a stuff . bitcoin is currency becuase bitcoin give a profit to us .

I agree that bitcoin cam be currency and asset at the same time and it would depend to you on how you would used it. In addition to that, you can used your bitcoin as asset but I prefer to used it as currency where I cab exchange it into some valuable things.

I agree it totally depends upon the person who is using it. For most people they consider bitcoin as a currency and also an asset because they are using both of these qualities when it comes to handling their bitcoin. But it is much better to treat bitcoin as an asset because of the volatility of its price you can be profitable at the same time.

Blackwhite69

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Bitcoin is a virtual currency and can be an asset for the future because every year has a good price increase to invest. Wink

sanjay6121

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bitcoin is most popular currency in the future we can not use bitcoin directly to buy things from any shops. so i think now bitcoin is only an asset or investment but if you read white paper it is a digital currency where people will have a freedom in transferring money.

bitcoi

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Bitcoin is considered an asset in the USA because the IRS (the arm of the US federal government that collects taxes) has made this determination for US tax purposes, but other organisations consider it a currency. Also the Chicago Board Options Exchange trades bitcoin futures as a digital asset.

jorinu

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Also referred to as currency may also be referred to as property. Bitcoin is not a payment method but you can use bitcoin to buy other coins. Bitcoins are high value when you sell them. You will have cash that is your property.

heroic25

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I think its both bcoz it can be used as currency you can buy many things against bitcoin and at the same time you can consider it as asset so what I think its both currency and asset.

Bagorrr

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Activity: 350

Merit: 115

For me Bitcoin both. It has too slow speed for trx
Hope Lightning Network will accelerate its power

Topic: Is Bitcoin a currency or asset? - page 20. (Read 12796 times)