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Topic: Is Bitcoin a currency or asset? - page 30. (Read 12796 times)

newbie
Activity: 36
Merit: 0
December 01, 2017, 09:00:39 AM
Bitcoin is one kinds of currency and one kinds of assets. So bitcoin is not only a digital currency its also a assets.
newbie
Activity: 5
Merit: 0
December 01, 2017, 08:08:18 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  Smiley Wink

well that is a good question and also an important question.i believe bitcoin is invented whit the idea of an currency and for a long time it is used a such.however now that Bitcoin has risen so much in value and is being used by more and more people, bitcoin seems to be used more as an asset. for bitcoin to be used as a curenty there are not too much price fluctuations. the tought that buying something for one bitcoin today while tommorow it can cost just half a bitcoin wile problebly hold poeple from actually spending there bitcoins.
full member
Activity: 248
Merit: 100
WWW.BLOCKCHAIN021.COM
December 01, 2017, 07:39:51 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  Smiley Wink
I see bitcoin as a currency because we can buy and sell things using bitcoin that is kinda useful for those people who have an business with buy and sell. It can be also used as an investment money to invest into something that makes higher profits.
full member
Activity: 186
Merit: 100
December 01, 2017, 07:29:32 AM
bitcoin is digital money. It has many benefits and uses, acting both as a currency and as an asset. Bitcoin is a currency because it is traded and paid the bills in daily life in some countries. Bitcoin is a property because the investors buy bitcoin to accumulate.
newbie
Activity: 37
Merit: 0
December 01, 2017, 07:26:46 AM
For me btc is currency because now a days technology are keep improving and electronics gadget are present and in our daily life we use automatic payment to pay our bills even buying our needs.
DIW
full member
Activity: 476
Merit: 131
DIWtoken.com
December 01, 2017, 07:22:50 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  Smiley Wink


Bitcoin is not exactly a currency but it's a global commodity asset. It's a revolutionary innovation, a decentralised blockchain platform created by a Satoshi Nakamoto for anyone to participate in.
sr. member
Activity: 343
Merit: 250
December 01, 2017, 06:49:22 AM
Bitcoin would be a great starting point for our investments in our future upcoming and I think it has a capability to be accepted generally But for now bitcoin is considered as an asset since the money that the people get to cash out is their own.It is their choice if they want this to trade into money or into an equipment or different kinds of furniture.It is their own choice. if they want this to be long-term asset or short term. We have no rights to dictate people on their properties cause it is their prerogative to feel secure and have security in their belongings
member
Activity: 112
Merit: 10
December 01, 2017, 06:35:05 AM
for me, bitcoin is a digital currency and consider as a digital assets.
Consider as an asset because it is an economic resource.
Anything tangible or intangible that can be owned or controlled to produce value
 and that is held by a company to produce positive economic value is an asset.
sr. member
Activity: 420
Merit: 250
December 01, 2017, 06:25:15 AM
Well, I think that Bitcoin has rather limited use for now as a currency, because there are so many stores and establishments that doesn't accept it as payment option. So I guess, that I will consider it more as an asset. Bitcoin is a good way to invest money because it keeps on growing year after year. So. take a gold for example - it is an asset, for sure... but in some cases you may use as a payment method and same thing with Bitcoin!
member
Activity: 182
Merit: 10
December 01, 2017, 06:16:06 AM
It is litteraly a currency since you can use it to buy services and products and also an asset since you purchased or earn it.
hero member
Activity: 854
Merit: 522
December 01, 2017, 06:08:11 AM
It depends of the legislations of each country, and so does the taxes you have to pay or not ! For exemple, in Japan it is a currency, so you have to pay taxes on it, but in several countries, it is an asset, just as a rock, on which profits can not be taxed. What I recommend you is to take advantage of this situation while it still lasts !
Yes everything depending on the countries that regulate the bitcoin, but actually bitcoin be made with aim for currency because of the failure of system fiat money, bitcoin right now can be considered as digital asset and currency some countries (just small amount of countries that considered bitcoin as currency) mostly people around the world think about bitcoin is an asset, anyway there are no many stores accept bitcoin as payment method.
member
Activity: 196
Merit: 10
December 01, 2017, 06:05:51 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  Smiley Wink
in my own knowledge it is a currency why? because everyone knows that this is the number one currency all over the world and it is the biggest currency compare to other currency so the point is bitcoin is a CURRENCY
member
Activity: 96
Merit: 15
December 01, 2017, 06:01:17 AM
An asset for me as well. I guess maybe in the future it might become a currency but the future is never clear.
hero member
Activity: 648
Merit: 502
December 01, 2017, 05:56:51 AM
Bitcoin is easiest to call a kind of hybrid asset with an evolving legal framework. Digital mode: features, decentralized nature, anonymity, high transaction speed, reliability, lack of regulators. If to look practically, today bitcoin is used mainly as an investment, even rather a speculative asset. One can observe attempts to create its currency functionality, but so far this format of using crypto currency has not gained much popularity, since its price is too unstable. As the preservation of the cost of bitcoin, and even today it is impossible to use.

It is highly being used nowadays and there are some services and famous stores that accepts BTC now. When we are going to base its transaction rate and speed, then BTC is an asset, I wont buy a candy with BTC and a very high fee, its not worth it, but it can be a reserve like oil and gold. BTC is good for banks and companies that transacts a large money, BTC can be used by trasactions like that, one click then it is on another wallet, unlike banks travelling money in a armoured car is pretty expensive. And like gold BTC have other kind like currencies that can do its part in everyday transactions like Eth.
hero member
Activity: 812
Merit: 1000
December 01, 2017, 05:32:58 AM
for me, bitcoin is not a currency, since I don't have the experience of paying for it and it is not convenient for me...I use it as an asset and get my profit...so bitcoin is an asset for me
sr. member
Activity: 250
Merit: 250
November 30, 2017, 11:14:00 AM
For me, Bitcoin is not yet a currency because it is not yet legally accepted worldwide but it is certainly an asset. It has value that's either appreciate or depreciate depending on the market. I think in the near future, Bitcoin can considered a currency once legalized.

I agree with you
Bitcoin is not not yet legally worldwide but it is an asset. I think bitcoin is both currency and asset . The value of bitcoin is so much and the price of bitcoin is increasing day by day.
member
Activity: 154
Merit: 10
November 30, 2017, 10:58:04 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.
full member
Activity: 229
Merit: 108
November 30, 2017, 09:52:17 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.
But there are still some of the countries are open on initiating an acceptance between bitcoin and the system transaction. But in such matter we could classify bitcoin as both currency and an asset because initially bitcoin is meant to be used in transaction because it is a form of crypto-currency which somehow have a bigger part in transaction system in a daily basis.
member
Activity: 240
Merit: 10
November 30, 2017, 09:49:34 AM
Buy bitcoin .. choose bitcoin ..
I think it is an asset. Because the longer the bitcoin price the more expensive and expensive it is almost equivalent when I buy a property like home .. I choose bitcoin as an asset for the long term or during the old age
 
sr. member
Activity: 462
Merit: 250
November 30, 2017, 09:34:42 AM
Bitcoin is both of kind of currency and asset. You can use Bitcoin for payment or can store it likes an asset to get profit
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