Topic: Is Bitcoin a currency or asset? - page 28. (Read 12796 times)
Bitcoin is virtual currency.Yet moat of people think,it is a asset and currency.Really I think,it's asset for me.
I would tell, that bitcoin is rather asset, than currency. Currency is monetary unit in common use, basically, this could be use on a national level, but bitcoin is not so popular on the moment. Asset is any resource with economic value, no other specific requirements.
Bitcoin is an asset, just like gold. In the beginning maybe it worked like a currency as well but not anymore. Transaktions cost is way to high and slow speed makes it useless as a currency.
Rich people invest on it and used it as an asset
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
Transaction fees are bit too much for me right now because of the hype in bitcoin. It is now more useful to be an asset since it is really valuable and expensive. It just like what happened to gold. During our old times, humans used it as money. But time passed, it became an asset. Practicality and other economic factors will define if it is an asset or a currency.
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.
Another is bitcoin serves as currency in some commercial transaction here in the whole world.
I think bitcoin can be said as currency and assets. Because Bitcoin can serve as a tool of currency transactions. If it is said to be an asset because some people on average hold bitcoin and do not sell it, maybe if the price is suitable will be sold.
In some extent you thinking is right that Bitcoin can be said as currency or asset. But according to my opinion it is better than currency or any other asset. The price of Bitcoin is growing up. It can return more profit than any asset like gold or bank balance. Whenever someone need of cash, he/she can sell the Bitcoin in high price and get cash with easy and fast way. 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 believe bitcoin is more of both. It is a currency because we can use it by simply buying, particularly in the internet it can be used as payment. It is an asset for the very reason that it can be used as an investment whenever it's price gets higher, we can earn.
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.
Yes, dining places acceptd bicoin s exellent idea for me.If I starving I'm able to spending my bitcoins.Curiosity..Will be Cafe wait around confirmation of transaction?this could take long time..etic
Bitcoin is a currency, because bitkoyn gives us a profit and an opportunity to buy.
Bitcoin is an asset, because many people keep it for the future.
Bitcoin is considered as a currency because it is a digital currency and you can call it asset as well because it is good for a long term investment. Most of the businessman are investing in this coins because the value is keep on increasing periodically.
It is really very much difficult to categorize bitcoin, you can treat bitcoin both as the currency as well as your asset as well. At the very present time, as bitcoin has not be recognized officially, so it cannot be considered as a currency though it is a crypto currency. I will grade bitcoin as a very useful asset as it is helping number of people in making some very good amount of money and there are people who are considering it as their asset.
Bitcoin,
the way I understood it as a newbie was bitcoin is a Crypto currency a digital currency that only exist electronically we can't touch it bitcoin is not attached to a state or any government it can be transfer from one person to another that's how bitcoin works. No one controls it.
Where asset is something valuable that an entity owns, where they benefit from, or has in use of generating income. so bitcoin is a currency and also an asset.
If, someone disagree to my opinion or think my opinion is wrong please kindly enlighten me, I'm still a newbie.
the way I understood it as a newbie was bitcoin is a Crypto currency a digital currency that only exist electronically we can't touch it bitcoin is not attached to a state or any government it can be transfer from one person to another that's how bitcoin works. No one controls it.
Where asset is something valuable that an entity owns, where they benefit from, or has in use of generating income. so bitcoin is a currency and also an asset.
If, someone disagree to my opinion or think my opinion is wrong please kindly enlighten me, I'm still a newbie.
Bitcoin in my opinion is an asset because you grow your profit in there without doing anything or work. you could just invest a capital to be exchanged to bitcoin and let bitcoin increase as well as your money. thus, producing you a passive money through excess of your capital invested. currency in the other hand means to flow continuously. it is a continuous cycle of money by the people using it, for example is fiat money. when we stop circulating the money, the value decreases and so as the economy. that is why it is called a "currency".
I think by looking at bitcoin will be one of the most widely used currencies in the future. Due to the information that BAnk swiss generally sells Ethereal, bitcoin and bitcoin cash to its customers. So, we look forward to be much bigger.
at the moment, bitcoin is both, as it is possible to pay and earn money on it
Bitcon has the ability to be both
bitcoin is something different it can be use as asset and as well as it’s a currency so bitcoin is all in one because if you keep bitcoin for feature it can help you a lot and if you want to invest bitcoin so it can also make your money double so bitcoin is both asset and as well as currency you can buy a lot of things with bitcoin such as food ,clothes and even you can pay all your bills so bitcoin is best of the best.You are both correct but the answer primarily lies on your perspective on bitcoin. Obviously, the best way is too see it both as an asset and as a currency in order to fully maximise its potential and benefits. The problem lies when the individual makes bitcoin as his primary source of income. It will be very risky since its decentralised and volatile nature makes it uncontrollable and unregulated by any government agencies and its price may suddenly increase/decrease without sudden notice. With all being said, I still believe that bitcoin may be the key into going on the first step towards the alleviation of poverty across the world.
Yes for sure. Until it works as a currency then it's not a currency.
The fees and transfer times are too long.
The fees and transfer times are too long.
Bitcoin is considered as a currency because it is a digital currency and you can call it asset as well because it is good for a long term investment. Most of the businessman are investing in this coins because the value is keep on increasing periodically.
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