Topic: Is Bitcoin a currency or asset? - page 45. (Read 12775 times)
in my opinion, today bitcoin can not be named as currency, because not everyone in the world knows what bitcoin and its functions are. therefore for now I think that bitcoin is mentioned as an asset.
For me, Bitcoin is both a currency as well as an asset, it depends on how you could you handle this platform, if you want to spend it for your daily purpose then you call it as a currency and if you want to use Bitcoin for making profit then it will be an asset. but I prefer Bitcoin as an asset rather than as a currency.
Yes and I agree that it depends on an individual preferences and perspective. Others compare bitcoin to gold because they see this as a reserved asset and they believe that bitcoin surpasses gold in every aspect of it and that's why many people choose to invest bitcoin rather than gold. While others use this as a currency because it is beneficial in their everyday living, like for paying bills, buying some stuffs and can be converted into fiat.
I think we can tag Bitcoin as World Wide Accepted Alter-Currency which is Asset.
For me bitcoin is a currency and also my asset, I can use Bitcoin for for transactions on the internet (currency) and investing profitable (assets). But currency or asset it's depends on how a person want to use it. So bitcoin is an asset with future currency potential.
I don't know your opinion but to my bitcoin as an asset rather currency. I can not use bitcoin for everyday needs if I do not convert it to cash so for me it's like a kind of property.
For me, Bitcoin is both a currency as well as an asset, it depends on how you could you handle this platform, if you want to spend it for your daily purpose then you call it as a currency and if you want to use Bitcoin for making profit then it will be an asset. but I prefer Bitcoin as an asset rather than as a currency.
can be both. as currency is converted into altcoin into a traditional currency and there are also some online transactions using bitcoin, and as an asset because with its higher value each year can be used as a long-term investment
Thats right. I think that's the specialty of bitcoin dude. bitcoin has many functions you know ? you can use bitcoin to pay bills, as currency, as an investment or an asset, or etc . much you can do with bitcoin. so do not be surprised if there are many people who are interested in using bitcoin because there are many facilities in bitcoin that you can use to get benefit.. 
Let's define currency and asset first. Generally, currency is a form of money, either coins or papers, that is used as medium of exchange for goods and services issued by the GOVERNMENT and is circulated for trading. On the other hand, asset is any resource that has an economic value that you expect to benefit someday in the future.
My verdict is that bitcoin isn't a currency at all times because according to the general definition, it must be approved by the government. In countries where bitcoin is legalized, it could be considered a currency but in my country it isn't. But it is definitely an asset if you just know how to manage it wisely.
well i think it is a currency .a digital crytocurrency that has no corresponding amount and it can change it price anytime anywhere withoit a prior notice to the publick that is why bitcoin called also an asset it is really an asset of getting more extra unexpected income in the next month or maybe nexday arround.it is really amazing. My verdict is that bitcoin isn't a currency at all times because according to the general definition, it must be approved by the government. In countries where bitcoin is legalized, it could be considered a currency but in my country it isn't. But it is definitely an asset if you just know how to manage it wisely.
can be both. as currency is converted into altcoin into a traditional currency and there are also some online transactions using bitcoin, and as an asset because with its higher value each year can be used as a long-term investment
Bitcoin has got different forms, one among that is the usage as an asset. As an asset with its potential, it has grown high and surely it has got different forms starting from usage as a storage token to a high valued transactions support system. 
Let's define currency and asset first. Generally, currency is a form of money, either coins or papers, that is used as medium of exchange for goods and services issued by the GOVERNMENT and is circulated for trading. On the other hand, asset is any resource that has an economic value that you expect to benefit someday in the future.
My verdict is that bitcoin isn't a currency at all times because according to the general definition, it must be approved by the government. In countries where bitcoin is legalized, it could be considered a currency but in my country it isn't. But it is definitely an asset if you just know how to manage it wisely.
My verdict is that bitcoin isn't a currency at all times because according to the general definition, it must be approved by the government. In countries where bitcoin is legalized, it could be considered a currency but in my country it isn't. But it is definitely an asset if you just know how to manage it wisely.
Thanks for sharing your thoughts. I believe bitcoin is an asset now and will be a potential currency some day in future (given that its price stabilizes). The main pitfall of using it as a currency is its volatility.
can be both. as currency is converted into altcoin into a traditional currency and there are also some online transactions using bitcoin, and as an asset because with its higher value each year can be used as a long-term investment
To answer this question, firstly I want to explain what is the eccurency and the asset. the definition of it is as follows:
1.E-currency is an electronic currency that can only be used virtually for online trading.
2. Asset is the resources or assets owned by an entity.
in my opinion, bitcoin is the both of them . it could be the currency because we can use the bitcoin to pay the transactions in online shop . and it could be my asset when 1 trade the transactions buying and selling in the market .
1.E-currency is an electronic currency that can only be used virtually for online trading.
2. Asset is the resources or assets owned by an entity.
in my opinion, bitcoin is the both of them . it could be the currency because we can use the bitcoin to pay the transactions in online shop . and it could be my asset when 1 trade the transactions buying and selling in the market .
I think it is both because if i remember my economics 101 right asset by definition is something that you owned that can be liquidated to money. So bitcoin is definetely considered as an asset.
Currency is a money that is being used by a country. We know that as of now no country has made bitcoin as their official currency but More and more company are accepting bitcoin as a payment so by definition it is a currency as well.
Currency is a money that is being used by a country. We know that as of now no country has made bitcoin as their official currency but More and more company are accepting bitcoin as a payment so by definition it is a currency as well.
I think Bitcoin can be said asset and can be said currency because Bitcoin is something valuable and has a high selling value.
Bitcoin nowaday is the best currency and good assethowever, most of countries are considered bitcoin as commodity not as currency, but citizen considered it as currency and good investment.
Bitcoin has a limited use for now as a currency because there are so many stores and establishments that doesn't accept it as payment optionyet so I am considering it as an asset. Bitcoin is a good way to invest money because it keeps on growing year after year. There may have been some downfall in the past but then after that, it will continue to grow because many are trusting it and support it. It has a strong support from its community and many people are getting aware of it everyday.
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 think its both for me.We can say it is currency when we use to pay our bills in our wallet and its an asset if we save it in our wallet waiting for the higher increase value of bitcoin.Both of them are suite for the definition of each other .Bitcoin is a digital currency a currency for the future of our money.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
Under the classical concept of currency Bitcoin and other digital money is not suitable, if only because they are not provided with anything. Most likely, after the crypto currency is very firmly embedded in our life, the concepts of currency, money, financial assets will be revised and the crypto currency will be classified as an international currency. Therefore now it is not so important how to call it now. What is important is that the crypto currency will become so strong that over time
will supplant what we now call currency.
Aby definition any thing which has value is scarcity and any scarcity which can be claimed by someone is called assets. So by definition bitcoin is an assets by definition it cant be called currency right now. Because currency means the mode of payment issued by the government so bitcoin is neither issued by any government in the world nor it can be used for buying and selling. In short bitcoin is an asset. will supplant what we now call currency.
Under the classical concept of currency Bitcoin and other digital money is not suitable, if only because they are not provided with anything. Most likely, after the crypto currency is very firmly embedded in our life, the concepts of currency, money, financial assets will be revised and the crypto currency will be classified as an international currency. Therefore now it is not so important how to call it now. What is important is that the crypto currency will become so strong that over time
will supplant what we now call currency.
will supplant what we now call currency.
Jump to: