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Topic: Is Bitcoin a currency or asset? - page 5. (Read 12796 times)

newbie
Activity: 133
Merit: 0
April 12, 2018, 08:06:43 PM
Bitcoin is just an asset before when it as very cheap and no one expected that this coins value will bloom in the next few years and it become a currency because everyone is using it to buy products online just like credit cards.
newbie
Activity: 149
Merit: 0
April 12, 2018, 07:46:25 PM
many people are adopting bitcoin and making it rise. and this will probably last at least 5 more years. SegWit and LN will most likely speed up this process as this is the end of the scale debate and continues with it. and also because it increases capacity and enables transactions If you consider it an asset then you do not need to use bitcoin for everyday purposes, you tend to think about long-term prospects and the fact that bitcoin serves as a medium of exchange every day. This is more perfect if we consider it as a currency that has a double role as an investment asset.
full member
Activity: 350
Merit: 111
April 12, 2018, 06:59:02 PM
For me as of today people treats bitcoin more of an asset rather than currency. Due to the fact that most if not all of the people who has bitcoin is not usually using it in exchange of goods and services they wanted to procure and the reason is obvious there is not much of a stoe or shop that readily accepts bitcoin as payment yet. You still have to convert it back to fiat before you can purchase something.
hero member
Activity: 728
Merit: 500
April 12, 2018, 06:41:11 PM
Actualy bitcoin is a currency but because of the supply and demand the price goes up and down so also we say that bitcoin also is a form of asset because when you are holding your bitcoin and dont sell it for a long time you can also earn it.
full member
Activity: 714
Merit: 114
April 12, 2018, 06:40:19 PM
In my opinion, currently bitcoin can be said as a currency and also an asset. When I invest in bitcoin, this means I have an asset in the form of bitcoin. And when I sell my bitcoin to buy something, this means my bitcoin as a currency. Smiley

Correct. bitcoin is both asset and a currency (preferably a digital currency ) as it is populary known to work on most online transactions but investing isnt the only way to tell that bitcoin is an asset because there were also many ways in order to use bitcoin as a form of asset. few examples is trading , gambling , in other business ideas , etc... while on the other hand it is indeed considred a currency when we use it for buying something and as well as when we convert or sell it for cash and any other local currencies.
member
Activity: 132
Merit: 10
April 12, 2018, 06:35:06 PM
In my opinion, currently bitcoin can be said as a currency and also an asset. When I invest in bitcoin, this means I have an asset in the form of bitcoin. And when I sell my bitcoin to buy something, this means my bitcoin as a currency. Smiley
member
Activity: 140
Merit: 13
April 12, 2018, 06:02:26 PM
I would say both because you can use it as a currency in a way that you can exchange in a literal currency while an asset in a way that you can hold/save it for long term.
newbie
Activity: 98
Merit: 0
April 12, 2018, 06:01:45 PM
Think bitcoin - both currency, and an asset. the bitcoin is an online currency, and I can tell that it is an asset because the bitcoin gives to people the chance to earn money and also we can invest and save and always control balance
sr. member
Activity: 562
Merit: 250
April 12, 2018, 05:37:05 PM
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 an efficient currency if you ask me because I think the fees are fair enough and the products you can avail with bitcoin are increasing in the market. But also, bitcoin has a great potential in investment. Being an unpredictable asset, bitcoin's fluctuation can played to your advantage to earn some in trading or wait for a long investment. Both are really good for our economy for me so I say that bitcoin is both an asset and a currency.
sr. member
Activity: 562
Merit: 250
April 12, 2018, 05:07:02 PM
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 pretty much adaptable to what you will need whether it is for payment or for investment. The debate whether bitcoin should only be considered as a currency or as an assent really questions me. Then I realized why do we have to discussed about this. I love them both. So whether it is a currency or an asset or both, bitcoin has helped many of us and we should appreciate it more by encouraging other people to participate in this innovation too.
legendary
Activity: 1120
Merit: 1000
April 12, 2018, 10:47:37 AM
I think bitcoin is an investment asset in digital form and bitcoin can not be used as a means of payment when used as a means of payment will be difficult for users to transact so bitcoin can also be called a digital gold investment so it is clear that bitcoin is not a currency but rather an asset to invest .

Why do you find Bitcoin impossible or at least difficult to use as a means of payment? Have you not tried it yet? It is as easy as pulling a bill from your wallet and put it on the table. It is different only in that you will be pulling out your smart phone instead of your wallet from your pocket. Bitcoin is more of a currency before it is an asset to invest. 
Actually bitcoin can be considered as both a currency and an asset.People use bitcoin for their day to day transactions and also use as a mode of payment.This is the feature of a currency.People hold their bitcoins for future price rise.This is a feature of an asset like gold.People do this to earn profits in the future.Bitcoin is an opportunity to earn a lot of money in a lesser duration of time.It is the topmost cryptocurrency even when the prices are down.
sr. member
Activity: 1022
Merit: 256
April 12, 2018, 01:31:57 AM
I think bitcoin is an investment asset in digital form and bitcoin can not be used as a means of payment when used as a means of payment will be difficult for users to transact so bitcoin can also be called a digital gold investment so it is clear that bitcoin is not a currency but rather an asset to invest .

Why do you find Bitcoin impossible or at least difficult to use as a means of payment? Have you not tried it yet? It is as easy as pulling a bill from your wallet and put it on the table. It is different only in that you will be pulling out your smart phone instead of your wallet from your pocket. Bitcoin is more of a currency before it is an asset to invest. 
newbie
Activity: 84
Merit: 0
April 12, 2018, 01:27:35 AM
Asset as you still cannot pay with it anywhere
jr. member
Activity: 278
Merit: 1
April 12, 2018, 01:25:46 AM
Bitcoin is digital currency that is acceptable all the world, in other words, is an asset, because people trade on it, and many invest on it too. At the same time is an asset and also a digital currency.
newbie
Activity: 154
Merit: 0
April 12, 2018, 01:12:18 AM
Yes, bitcoin is a currency I think.Some countries use bitcoin like currency.In Japan they use BTC as currency.
newbie
Activity: 96
Merit: 0
April 12, 2018, 12:56:51 AM
It should be taken into account that crypto money, which is regarded as an investment instrument for some people, can also be used in illegal activities, since the market in which the crypto money is circulated is not available to be inspected by any official authority or guarantor institution.
newbie
Activity: 56
Merit: 0
April 12, 2018, 12:26:39 AM
Yes when the price was less that time people used it as a currency and did many transactions. But when the price was crossed from $1k to $3k in just 1 month it changed people mindset and made them to hold bitcoin. From here people started to treat bitcoin as an asset.
member
Activity: 574
Merit: 12
April 12, 2018, 12:21:10 AM
If you consider bitcoin in terms of currency or property, then. in my opinion, it is neither a currency nor a property. Not every universally recognized national currency is considered a currency. In the world there are only a few currencies - the dollar, the euro, the ruble and some others. The currency fulfills the function of financial settlements between states. Bitcoin does not apply to currency yet. I would attribute the crypto currency to digital money, because they serve as a means of payment. Crypto currency can not be classified as property. since the property does not fulfill the functions of a payment instrument. In barter settlements, of course, property can be a form of exchange and, thus, a means of payment, but this is not its main function. Therefore kriptovpljuta most likely, this is a special kind of money, digital virtual money.
member
Activity: 191
Merit: 10
April 12, 2018, 12:17:22 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

For me, bitcoin is an asset and a currency. As an asset, bitcoin is so valuable and if you keep it for a long time, you can earn good profit from it. As a currency, bitcoin can be use to pay, buy/purchase a product.
newbie
Activity: 238
Merit: 0
April 12, 2018, 12:05:37 AM
Bitcoin is neither currency nor asset. Bitcoin is just a money making tool.
Whether it's an investment tool or a buy-sell. The important thing is making money.
The market is scaring people. Prices are very low. I wonder what it is.
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