Topic: Is Bitcoin a currency or asset? - page 42. (Read 12775 times)
While I have nothing against BitCoin, what is really interesting to me and speaks to its volatility is that on most market places that accept bitcoin, bitcoin is the only medium of exchange, but due to it's volatility is not the unit of account. Instead, most goods are priced in dollars or Euros as the unit of account and then users have to calculate the price in BitCoin to use as the medium of exchange. It's a pretty unique set up that underpins the challenges facing an extremely volatile asset trying to play currency.
I think both are true, because the currency can be used for transactions and buy whatever we want, while the assets because it can be calculated in value, I will make bitcoin as a future asset.
I also consider bitcoin as a currency because it can be used to buy something like family necessities, but if the country has already inaugurated bitcoin. other than that bitcoin is just a digital currency that has no physical. bitcoin is also a currency that has a lot of assets.
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 think I can say that bitcoins was a currency but not so much of an asset. Bitcoins was probably considered as a currency though a virtual one. What I don't think that I can consider was that it is a part of an asset because unless you had to cash-out or secure it just like on banks(in a form of money) then I can say that it is a part of my assets.
It is obviously currency.Asset is different from currency. Asset is a physical thing whose value increase gradually but cannot be traded for things immediately.
Currency on the otherside can be physical or of no form and could be traded for things easily.
Currency on the otherside can be physical or of no form and could be traded for things easily.
Your wrong bitcoin can be an asset and at the same time a currency that be used to send money/payments globally that is faster than an average transaction from other fiat payment processor like paypal and credit card and less transaction fees. Haven't you heard that bitcoin already graduated from volatility its just sometimes takes dip like all other resources they doesn't go forever increasing sometimes their prices also decreases. Bitcoin is a long term investment for investors that's why i also call it an asset.
With bitcoin there is no longer a difference between currency and asset.
Back in the days where you only had gold and fiat, it was clear to see the difference. With bitcoin you have both types in the same technology.
Back in the days where you only had gold and fiat, it was clear to see the difference. With bitcoin you have both types in the same technology.
From my own perspective, bitcoin is both a currency and an asset. An asset because it has worth and value, a currency because it is accepted as a means of payment and has monetary value.
I like tokens as well as bitcoin, so I do not see any difference
I feel like its definitely both. Its volatile state is a little unsettling but its upside allows it to be a strong asset and a currency that has the potential to hold its value.
Bitcoin has attributes of both a currency and asset, store of value, unit of value, divisibility, durability, fungibility, and verifiability. Because of volatility, right now bitcoin isn't a reliable medium of exchange, but in future as it becomes more stable it would be widely used as a currency.
Bitcoin as an asset, store of value. It is different from traditional asset classes in the sense it is not correlated to other assets. So bitcoin is a new asset class.
It is just my thought, i could be wrong
Bitcoin as an asset, store of value. It is different from traditional asset classes in the sense it is not correlated to other assets. So bitcoin is a new asset class.
It is just my thought, i could be wrong
How can Bitcoins be considered as a currency, when the transaction fee makes it almost impossible to do medium sized and small sized transactions? And Bitcoins have given close to 3,000% returns during the last two years time period, which makes it one of the most attractive investment options available to the individuals right now.
Ive seen movies that really use bitcoin as currency, but not really in real life. As for the moment, I see bitcoin as an asset because people only invest in bitcoin to hold for future , not to buy things using bitcoin.
This question can really be confusing to many people. But in my view Bitcoins carry more of a property than a currency. Bitcoin has very few basic features needed to become a currency, that can meet modern economic development needs because Bitcoin is just a code sequence created by complex algorithms. They are not issued or controlled by any central bank, this is mandatory for a currency. Transactional identities are hidden by virtually impossible ciphers, but in general, the virtual currency system works well and is growing rapidly.
The question really is confusing. We have a different view in answering this question. For me, bitcoin is a currency only virtual and not a regular currency but bitcoin is mostly treated as an asset because it is a good investment. Many choose to hold bitcoin because its market price continuously go up and this is a good advantage if you have hold bitcoin for a long time.
This question can really be confusing to many people. But in my view Bitcoins carry more of a property than a currency. Bitcoin has very few basic features needed to become a currency, that can meet modern economic development needs because Bitcoin is just a code sequence created by complex algorithms. They are not issued or controlled by any central bank, this is mandatory for a currency. Transactional identities are hidden by virtually impossible ciphers, but in general, the virtual currency system works well and is growing rapidly.
The question really is confusing. We have a different view in answering this question. For me, bitcoin is a currency only virtual and not a regular currency but bitcoin is mostly treated as an asset because it is a good investment. Many choose to hold bitcoin because its market price continuously go up and this is a good advantage if you have hold bitcoin for a long time.
Yes bitcoin can be your currency and asset both in a sense through this we can buy things online and through this we can purchase a property online. It is also our personal asset and it can be hold in our hands for a long period of time. It can be said as the liquid asset because at any time we can exchange it into other currencies.
Bitcoin is an asset in future, I believe Bitcoin can become a famous asset like Gold in someday.You can see its value from 2009 till today, yeah, no one can negate the fact is the price of Bitcoin had increased a huge percents.
This question can really be confusing to many people. But in my view Bitcoins carry more of a property than a currency. Bitcoin has very few basic features needed to become a currency, that can meet modern economic development needs because Bitcoin is just a code sequence created by complex algorithms. They are not issued or controlled by any central bank, this is mandatory for a currency. Transactional identities are hidden by virtually impossible ciphers, but in general, the virtual currency system works well and is growing rapidly.
I think both are true, because the currency can be used for transactions and buy whatever we want, while the assets because it can be calculated in value, I will make bitcoin as a future asset.
Bitcoin currency or an asset, It has both features of both asset & currency.
But bitcoin is more as a currency than as an asset.
Volatility in price is the main future of any currency.
Volatility of gold averages around 1.2%, while other major currencies average between 0.5% and 1.0% and of bitcoin is 4.6%.
Even though bitcoin is the most popular safe, autonomous currency.
Japan have accepted it as a legal tender and promoting it by opening ATM centres.
Like other currencies bitcoin is used for buying various goods and services, can be exchanges with currencies.
It can be traded in market like other currencies.
Many countries are not accepting or allowing bitcoin as a currency of trade.
Since its introduction its value has almost quintupled, and it still posses the potential of going much higher.
https://www.buybitcoinworldwide.com/volatility-index/
But bitcoin is more as a currency than as an asset.
Volatility in price is the main future of any currency.
Volatility of gold averages around 1.2%, while other major currencies average between 0.5% and 1.0% and of bitcoin is 4.6%.
Even though bitcoin is the most popular safe, autonomous currency.
Japan have accepted it as a legal tender and promoting it by opening ATM centres.
Like other currencies bitcoin is used for buying various goods and services, can be exchanges with currencies.
It can be traded in market like other currencies.
Many countries are not accepting or allowing bitcoin as a currency of trade.
Since its introduction its value has almost quintupled, and it still posses the potential of going much higher.
https://www.buybitcoinworldwide.com/volatility-index/
currency or assets. I think bitcoin is in second position. bitcoin can be traded. make payments or transactions. even invest. a clear bitcoin is worth using. I think that's an opinion.
Yes bitcoin can be your currency and asset both in a sense through this we can buy things online and through this we can purchase a property online. It is also our personal asset and it can be hold in our hands for a long period of time. It can be said as the liquid asset because at any time we can exchange it into other currencies.
Jump to: