Is Bitcoin a currency or asset? - page 29.

madentopere

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Quote from: sonewaneaman on August 18, 2017, 03:28:36 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

whitepaper for bitcoin say bitcoin is currency but in future bitcoin will be more than currency not only asset.

you can buy/sell global without need exchange.

tailwate07

full member

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Quote from: mornabo on December 02, 2017, 10:37:11 AM

Quote from: sumangs on December 01, 2017, 10:35:43 AM

It is both currency and asset. It is an asset since its price changes time to time. Currency since it is use as a payment method online.

yeah most users use bitcoin for 2 things. for investment as well as currency, only a few users that use bitcoin for currency because you know that there are still a few stores that accept payments with bitcoins and many other reasons, so most users use bitcoin for their investment,,

I have same sort of thinking in this regard. Money or currency is a medium of exchange, a very basic definition of these words. Bitcoin and all other alternative coins fulfill this purpose. So we can say that these are currency but just in digital form.

Bitcoin is also called as digital asset. Because it can be converted into local currency and its price accelerates with time. These are the characteristics of an asset. For me it is both.

Faxmate

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Quote from: BitBenefit on December 02, 2017, 09:46:27 AM

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.

bitgolden

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Leading Crypto Sports Betting & Casino Platform

Quote from: posoa on November 30, 2017, 11:58:04 AM

I will say Bitcoin is both a currency and an asset, because it was originally a digital currency, with which many people go into an online investments, transactions, and other buying and selling online transactions. It is a currency where it is used to pay directly or indirectly ,and is accepted as a means of payments.Since it is a well known fact that Bitcoin appreciates in value many people tends to invest in bitcoin so that when it appreciates and have increase in price and value they can sell and also use such for further investments. So bitcoin serves as a currency as well as an asset to all its users.

It is currency but we can also say it as asset because many people are investing in bitcoin for longer term and the operation in its investment mode is much higher as compare to the currency mode and the acceptance of bitcoin as currency is just started yet and few online stores are accepting it but as investment millions are using and they are keeping it as future asset which will help them in their hard time.

RKSummer

full member

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Quote from: Gens09 on August 18, 2017, 03:54:06 AM

Quote from: sonewaneaman on August 18, 2017, 03:28:36 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 guess,it could be both. Bitcoins could be a currency and an asset. It could be a currency because it transfers funds online and is easy to use. It could also be an asset but I may say that you would need time for all.

Bitcoin is a cryptocurrency and used to be an asset too. If you convert your bitcoin into cash, it can be called an asset. Bitcoin investment can possibly give a lot of profit that can be called an asset. The more profit you have earned, the more asset you will get.

copoyes

full member

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my opinion bitcoin is a valuable asset seen from the beginning appears to have made people curious up to now, an asset that is quite valuable because the price can be high every year as well as the demand of many people but did not rule out it could be the second currency

patchot

newbie

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Bitcoin is not an asset, but a currency, and as such, you cannot value it or invest in it. You can only price it and trade it.

jmiro1

member

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Merit: 11

It is supposed to be a currency but people like to see it as an asset. The truth is, it’s both. Bitcoin is an asset as well as a currency. Probably this is why people compare crypto currency with gold so much. Once gold was a currency and asset. But now gold is an asset only.

mornabo

hero member

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Quote from: sumangs on December 01, 2017, 10:35:43 AM

It is both currency and asset. It is an asset since its price changes time to time. Currency since it is use as a payment method online.

yeah most users use bitcoin for 2 things. for investment as well as currency, only a few users that use bitcoin for currency because you know that there are still a few stores that accept payments with bitcoins and many other reasons, so most users use bitcoin for their investment,,

superjeyy

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Quote from: klf on August 18, 2017, 03:49:43 AM

Quote from: josephpogi on August 18, 2017, 03:46:10 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 .

Currently, in most countries we can't use Bitcoins directly to buy things either in any shops or online as well so I think as of now Bitcoin is only an asset or investment. If we need money then we need to sell the asset and use that money to buy other things. When we can buy things directly with bitcoins then we can consider it as a currency until that it is an asset. I know currently, we can use Bitcoins to buy some items online but still need to improve or grow a lot.

I agree with klf. Since there is lack of access and platforms to use Bitcoin here in our country, it's hard to consider it as a currency. By definition, Bitcoin is clearly an asset since we own it and it can somehow turn into an investment if we choose to do so. Since there is a limitation towards Bitcoin usage, in some aspects it can only be considered as an asset for now.

BitBenefit

newbie

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Bitcon has the ability to be both

ShiroThe5th

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bitcoin is a currency or a new type of currency. maybe in the future, bitcoin will be the new type of currency and can be use all over the world. bitcoin is just a credit card, but bitcoin can be earn easily online.

Tanazir

member

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Merit: 10

Now, in most countries, we can not buy Bitcoin directly from any store or online, so Bitcoin is just a wealth or investment. If we need money, then we have to sell our property and use the money that is to buy other things. When we can buy direct things with Bitcoins, we can consider it as a currency until we have a wealth of it. As I know now, we can use bitcoins online to buy some items but still need improvement or much larger.

lunaalthea

member

Activity: 98

Merit: 10

Bitcoin's definition is a cryptocurrency, so automatically it is already is a currency and currency's characteristic does not have a consistent value like bitcoin. Although for me, bitcoin is also an asset: it represents value that can be converted into cash. So to wrap it up, bitcoin is considered both currency and asset.

supermam

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I think bitcoin is a currency at the same time asset because Bitcoin can be use to pay bills and to use in shopping online and an asset because through Bitcoin many lives of people changes especially in their financial needs.

QuartzMen

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Bitcoin plays the both roles in the society. Bitcoin plays a role of asset in everybody’s life by securing the bright future of every individual and at the same time a currency that you can use in a commercial trade.

jovs

sr. member

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Merit: 250

Quote from: ajmapalo22 on August 18, 2017, 04:32:33 AM

When we say asset in accounting it is something with value and can be converted into fiat and bitcoin really qualifies as an asset, the only issue is that is this an asset considered to be investment or a currency that is highly liquidate. For me bitcoin is an asset that is readily available anytime you need it..It was just that it's value is never fix because of fluctuations but still it can be used anytime you want like a normal currency does.

I could consider bitcoin as both currency and an asset. Initially bitcoin is a form of crypto-currency which is intended to be used on trasnaction as a form of currency in the internet. For me it is not just a currency but also a better form of currency that could provide people a faster more reliable form of transactions. And i agree to the point that bitcoin also serves as an asset because its price volatile characteristic in which people could earn and have profit with the used of bitcoin in transactions, investments, and tradings.

sumangs

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It is both currency and asset. It is an asset since its price changes time to time. Currency since it is use as a payment method online.

Alexnelepa92

member

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Someone considers Bitcoin an asset, like real estate, gold or other means of accumulation. It can be reliable and cheap to store offline wallets make storing Bitcoin relatively easily. With him not having such problems with transportation, such as precious metals. Thus, Bitcoin is much easier and safer than conventional assets. For example, the property is also a way of investing, however, any property requires constant care, costs and paperwork in the sale.

Many companies are already considering Bitcoin as an asset. The increase in hedge funds and futures via LedgerX shows that Bitcoin has potential as an asset

knotglazier

newbie

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In time it is going to be a major currency just like apple wallet or major credit cards, but it may be a while - in the meantime it is a type of currency so it is considered an asset.

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