Topic: Is Bitcoin a currency or asset? - page 27. (Read 12796 times)
Bitcoin can be both currency and an asset, but I think today bitcoin has been popularized as an asset through investment and trading platform. With the growth we saw from bitcoin, it is so easy to persuade people to try doing bitcoin investment. Though this is the case today, bitcoin is originally design as a currecy for everyone to use. It aims to ease buying and selling transactions with minimum fees. I think since there is still growth in its value, holding bitcoin is wise but after the prices stabilize, we should try to spend our bitcoins.
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 do not know whether you consider bitcoin as currency or property but I treat it as a currency because it can buy anything that paper money can do. 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 worldwide currency in short universal currency, because bitcoin is acceptable around the world as means of payment or as a representation of a thing that use to acquire something, most frequently in online shopping. That's clear that bitcoin is currency and not an asset.
Bitcoin is virtual currency, it has many benefits and each person uses it with their own item. Bitcoin may be currency or property. It can be used for trading or hoarding.
Yes, Bitcoin can be used as virtual currency or an asset as per your wish. Bitcoin is simple and fast in terms of payments. It is safe in terms of asset, you need to patiently wait for the desired target to be achieved.
Bitcoin is virtual currency, it has many benefits and each person uses it with their own item. Bitcoin may be currency or property. It can be used for trading or hoarding.
Is not bitcoin already considered global currency, albeit illegally. If some people consider bitcoin as an asset I do not agree, it could be later the value of bitcoin decreased dramatically. Because as we know bitcoin is a currency that is speculative and while there are not enough companies currently offering the purchase and sale of products with bitcoin as a means of payment
Yes, it is an asset. The IRS now classifies cryptocurrencies as "property" based on a recent Revenue Ruling. Someone shared this paper with me, which I found helpful for understanding the tax effects of cryptocurrency trades: https://scholarship.law.duke.edu/dltr/vol16/iss1/1/.
yes bitcoin is also an asset, as it is currently an investment on which you can make good money
In my opinion, bitcoin is a currency and at the same time an asset. All cryptocurrencies are currencies so bitcoin is not exceptional. I consider it an asset because it also gains value just like other assets,
Bitcoin is not assect. It digital currency. So it will use to any where and any country. Bitcoin will be chnage any country currecny. So bitcoin is digital currecny.
Assect is not movabal one it Will use for the some people it will use for the future growth. Bitcoin is help for the future investment. Assect is not use for the investment. So bitcoin is digital currency. So good to for improver your life.
Assect is not movabal one it Will use for the some people it will use for the future growth. Bitcoin is help for the future investment. Assect is not use for the investment. So bitcoin is digital currency. So good to for improver your life.
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 .
true, it is the same because when we say curreny it is money and an assset is also worth a money. maybe it can be an asset if you will invest your bitcoin for the future purposes. it can also be a currency if you sell your bitcoin and convert it into money. but either eay it is both asset or currency , what matter is , it can help us financiallt and help us to have an investment.
What kind of questions born here!? What are all these posts about? BTC is both currency and asset. It possible to pay using it, trade it, or just hold. In most cases you will earn the money with it.
whitepaper say it is currency but it is easy to use it as asset more than currency
bitcoin is future and all will use it soon
bitcoin is future and all will use it soon
I would say it would its a currency. But its currently not 100% usable for a daily usecase. Still not enough merchants on this and transaction fees too high.
For me bitcoin plays both roles. The company and management of bitcoin serves as the asset of every investor to secure that their future will become successful and free from all kinds of rick.
Another is bitcoin serves as currency in some commercial transaction here in the whole world.
Yeah it is playing as both but in actual it is the currency and is invested as a currency for internet so that people can easily and more conveniently use it for their international online use. And along with that it also became an asset for the traders.Another is bitcoin serves as currency in some commercial transaction here in the whole world.
Firstly it is a currency and a currency is an asset for the holder, being it a state, a subregion or even the individual holding it in the wallet.For me Bitcoin is both asset and currency.
I have quickly scanned your article and will digest it more thoroughly later. My major concern is whether the global economy needs yet another currency, particularly one independent of valuation metrics. Since the global economy is fundamentally an open system with continuous energy input, but with fixed quantities of physical matter, delinking currency, as a proxy for energy flows, from a physical standard (gold) has long made sense. Since the amount of energy cumulatively increases in the system over time (solar energy can be converted to chemical energy and stored) any currency should also cumulatively increase over time. With a fixed quantity of bitcoins haven't we just created an ethereal "gold standard".
For the currency does not quite fit. It is more of an asset that can be kept or speculated.
Its a store of value that can be a medium of exchange (if transaction speed increases and fees decrease). Its seems store of value is the consensus though.
For me bitcoin plays both roles. The company and management of bitcoin serves as the asset of every investor to secure that their future will become successful and free from all kinds of rick.
Another is bitcoin serves as currency in some commercial transaction here in the whole world.
Yeah it is playing as both but in actual it is the currency and is invested as a currency for internet so that people can easily and more conveniently use it for their international online use. And along with that it also became an asset for the traders. Another is bitcoin serves as currency in some commercial transaction here in the whole world.
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 .
Yes bitcoin is somehow a currency and asset. It provides money to every users which we can used in pur daily lives or fornthe things that we need. The fact why people keep it because it gives profit to them every time bitcoin price increase. As of now it still a virtual currency because the government doesnt accept it. On the hand bitcoin still useful as you can have a fiat currency with it by just converting. Jump to: