Topic: Is Bitcoin a currency or asset? - page 36. (Read 12796 times)

It is yet to decide the status of BTC as an currency or a transferable asset. Even govt. Is unable to take a firm dicision on BTC legalization as an asset or currency. Originally BTC is developed to serve transaction entity but growth rate of BTC make us think about its status as an asset.

Bitcoin is a currency and at the same time people could used it as an assent on their investments, trading or in business for transaction. People could have bitcoin for daily transactions, but there is still a big connection of bitcoin in terms of its ability to changes its price or value within just a time. It is made possible by the increased of the support of people who uses bitcoin and also with the movement of bitcoin stock on the market. It is a good currency as an asset because bitcoin has a bright future with the possibility to become a future currency for all types of transactions and investments.

In my opinion,

Bitcoin’s very volatile prices have reignited the debate about its usefulness as a currency or as an asset. Is Bitcoin a currency or asset?

AtoZForex – 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.

Is Bitcoin a currency or asset?

The Bitcoin geeks tend to think of Bitcoin in currency terms, calling it a virtual currency. But, Is Bitcoin a currency or asset? Concern over Bitcoin’s usefulness as a currency has led to conflicts.

Bitcoin as an asset

Bitcoin can work well as an asset. Also, it can be stored securely and cheaply. Moreover, cold wallets are the best way to store your Bitcoin safely. Bitcoin is also easily exchanged in various exchanges like the Coinbase.

As a store of significant worth, Bitcoin is much more basic and secure than other genuine resources. For instance, the land is a store of significant worth, yet all property requires support and taking care of to create the return. Indeed, even empty land requires some progressing costs, with property taxes and legal requirements.

Moreover, various regulators have endeavored to lawfully arrange Bitcoin and different cryptographic forms of currency. Many organizations as of now regard Bitcoin as an asset. The expansion in hedge fund investments and prospects exchanging through LedgerX additionally demonstrates that Bitcoin has potential as an asset.

For me it is an asset. Bitcoin is not just a currency, it is an investment. It is not just about earning bitcoin, then exchange it to the local rate but it can also serve as an asset in terms of saving while earning. Because when we earn bitcoin and save it to our wallet, the value of it may increase so that can have more fiat when exchange it. And money is an asset. That's why bitcoin is an asset not a currency.

I consider bitcoin as both. It is indeed an online currency, that's why it's built, it is for this purpose. It only becomes an asset because of it's changing value. Like a land property, it's price gets higher and we consider it as an asset.

I think bitcoin is both it’s a currency and as well as its an asset as well if you want to use it for your daily expanse so you can use it easily and If you want to keep it for investment purpose it will also help you and if you want to keep it save for its also batter idea because you can use it for your children’s in coming time and it will really help.

When we say currency it is a money used by a country. Based on that definition I think bitcoin is just an asset fr now. It is true that it offers a great potential and big opportunity in making money but it is not yet widely used. Think of it as an investment for the future where I think bitcoin or any other crypto currency will then be used commonly.

Many people think bitcoin is just a virtual currency, but not a few say it is an asset. To me, bitcoin is a very good asset, because the supply is so small, making bitcoin more scarce for years to come.

I think bitcoin is a coin, while currency is a typical means of payment from a country, if we see bitcoin has its own body because the managers personally independent of their home country, maybe like that

I think bitcoin is not just virtual money, it's a future asset. Same with home, gold, stock or others. The difference is bitcoin have a limited supply.

Although the creation of bitcoin is purposed to be currency but somepeople and countries still considered it as asset or commoditiy. This is normal because the price of bitcoin is volatile and continues to rise. But actually bitcoin is currency which gives many benefits to the users, and also it is better that paper money.

Bitcoin is a very valuable asset, no need to be stolen (if enabled 2FA feature) and its value continues to grow. I'm sure the bitcoin trend can last for a long time.

Bitcoin is currency since it fits the bill perfectly, we could argue that there is nothing in the world more suited to be a currency than bitcoin, so if bitcoin is not a currency then nothing is. But it is also an asset since its price is increasing highly in short amount of time, it is offering the opportunity to making money just by holding the coins.

I somewhat agree to this that they should be identified in the same categories but for me under different type since bitcoins is a currency by its nature and how it was established to assets were supposed to provide you something of value which in return will give you currency so they go hand in hand. Bitcoins can be an asset but in some different scenarios a currency because of its very high value it appears to be too much to be just spent instead investors sees it as an asset and prefer to hoard and hold it for future market purposes in case the prices go up.

I think bitcoin is a type of currency that can be used as an asset

Bitcoin is currency equals to asset. If you dont have money you did not buy a property, to become assets. Thats why bitcoin is asset and currency you need to care of it.

My opinion is that bitcoin is both currency and asset.It is asset because if you hold bitcoin when the price rise you can have more profit.On the other hand it is currency because you can store them on your private wallet and can get them in cash any time you want.

I believe it is both currency and asset. It is never too late to invest! A lot of cryptocurrencies are now emerging but the originals are Bitcoin. One of the best is Ethereum! The Propthereum ICO crowdsale will run off a decentralized Smart Contract that runs on the Ethereum Blockchain. It is secured with a 256-bit encryption which makes it secure and reliable. Propthereum Tokens will be minted as PTCs. These coins are a digital representation tracking the funding of our ICO and crowdsale. The pre-ICO token sale will take place on November 10, 2017 at 12PM GMT. For more information, visit www.propthereum.io

Whether bitcoin is an asset or a currency is depending on your intended use of it. It is the best cryptocurrency for me because it is easier to use and more online companies accept bitcoin than others. It is also a good asset for a long term investment since you can use its volatility to your advantage. Once every bitcoin is mined, I can see that its value will stabilize and it will be use as currency for the online transactions more.

Bitcoin is online currency and Asset as investment option, it is upto the country where the users is living like in Asia still Bitcoin status is not clear so it is good as investment and conversion rate to converting to fiat currency is also high. So it is good as asset.