Topic: Is Bitcoin a currency or asset? - page 24. (Read 12775 times)
In present times bitcoin is asset nt a currency many country labeling bitcoin as asset rather than currency more over they say commodity
It was born to be a currency but now it has become an asset. In my view, this has been an irrevocable transformation. Unless Bitcoin's tech gets completely revolutionized.
I think first Bitcoin come as a currency, Now it turn as a asset.
its very simple. if you hold bitcoin till then its a asset, But according to bitcoin policy its a 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
Bitcoin is a currency, not an asset or commodity, as Bitcoin is a currency that may dominate in the future, it will be used for sale and exchange in many countries. on the world 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 truly a digital currency.But what it is mostly used decides whether it is now a currency or an asset.Earlier,it was mostly used as currency.But now things have almost changed upside down and now with its rapid increase in price most people have started to consider it as a valuable asset which could give huge returns.So, its quite clear that in future too, it would be mostly used as an asset and only minority people would use it as a currency.
right now it's used as asset. One day it can become proper currency
Bitcoin does not have the main attributes to be designated as a currency because it is just a code generated by sophisticated algorithms. But I can not deny that virtual currencies have technical value and are a kind of asset
right now it's used as asset. One day it can become proper currency
Bitcoin isn't just an asset, but there is no easy way to define it. It can be called a cryptocurrency, but that could also make people think it is a currency. Really it is several things including:
1) a store of value
2) an investment
3) a method of transferring money electronically
4) a method of making purchases. I'm sure there are other features as well.
Actually bitcoin could be used adjusted as what people needed, but bitcoin supposed to used as a currency not an asset, yeah it's conditional. Crazy when a lot of people come to give a shot on bitcoin investment in 2017 and the results price of bitcoin escalated quickly, it feels like a game of price hmmm. 1) a store of value
2) an investment
3) a method of transferring money electronically
4) a method of making purchases. I'm sure there are other features as well.
Bad currency.
Bad asset.
Bad investment.
I have explained why in extreme detail pretty much daily non stop for years.
So i don't see why i should even bother pointing out the OBVIOUS yet again.
Bad asset.
Bad investment.
I have explained why in extreme detail pretty much daily non stop for years.
So i don't see why i should even bother pointing out the OBVIOUS yet again.
I believe that bitcoin is designed to be a currency as an alternative to paper money, in order for our currency system to be adaptable to the social change brought by the internet. A decentralize money which ensue no one can manipulate or control. But right now, as the value of bitcoin began to increase, people make it an asset where people can invest just like gold. So I think bitcoin has adapted as well to be both asset and a currency.
If we think that bitcoin is both for us, then it will right, becasue i agree with you that bitcoin is alternative of paper money then we can think that bitcoin is like a currency but we have only one way to use it and that is internet becasue bitcoin is online currency. Secondly, now bitcoin has high value and if anyone call it that bitcoin is an asset so it is also right. Becasue 1 Bitcoin is seem like a 1 Asset.
Most people, and by most i mean 80%-85% consider bitcoin as an asset. Using it as a currency as of yet would not be a wise decision as you never know when the amount you spent last month is tripled now. As bitcoin is super volatile, using it as an asset is a nice strategy.
For me , i treat BTC as an asset in the long term because of its consistent growth and its technology that its backed of. It has a long way to go and we do not know how many more milestones its gonna touch in the near future and we also know its potential for getting to that mark, I would hold it for long term and make it happen what i dreamt off for my future.
It depends on the purpose of many people. It can be considered an asset when many people buy it to hoard. It is also considered a currency when used for payment
Many people invest in BITCOIN,i.e,are using it as an asset.Others are there who use it for making transactions,i.e, are using it as a currency.So we can say that BITCOIN is both asset and a currency but it is decided according to the purpose it is being used for.
For me, bitcoin is an asset, I do not use bitcoin as currency, because using bitcoin as currency in my country is unlawful, because bitcoin is still illegal in my country, maybe if bitcoin is legal then i will use bitcoin as currency
I think this is a very interesting question. And like some posts, I think Bitcoin works as both currency and asset. And that makes Bitcoin still very interesting, because when the price of Bitcoin goes up a lot, people who see Bitcoin as an asset are encouraged to sell, and this becomes one new another variable (among others) that can create fluctuations in Bitcoin's price.
For me, bitcoins can be used as a currency and also as an assets, There are many instances that bitcoins are very versatile when it comes to usage, remember its advantages stated in the threads, There's no need to elaborate further:)
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 honestly think that bitcoin is more of a asset and a little bit of a currency. It is still a currency for the very reason that you can use it for payments and forms of transactions. Now, it is more of an asset because you can actually invest on it and do a lot of things in it such as earn money through investment or get involve in trading.
I believe that bitcoin is designed to be a currency as an alternative to paper money, in order for our currency system to be adaptable to the social change brought by the internet. A decentralize money which ensue no one can manipulate or control. But right now, as the value of bitcoin began to increase, people make it an asset where people can invest just like gold. So I think bitcoin has adapted as well to be both asset and a currency.
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