Topic: Is Bitcoin a currency or asset? - page 60. (Read 12775 times)
Yes, ofcourse. We can say that bitcoin is currency because its a form of money which we can use for trading in any currency but this bitcoin is found only in the network. We can convert it also in real or digital currency like dollars.
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
Bitcoin is currency because it is intended to be a digital currency in the first place. The reason why bitcoin becomes asset because of its volatility and increasing value overtime and like forex, bitcoin is also subject to that kind of trade 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
Bitcoin is an asset to me. Assets without form / shape are valuable. Easy to buy, but hard to find. Most important is the decentralized Bitcoin.
Now it's volatile but in future it will be stable the real meaning of bitcoin is currency the basic idea of bitcoin is speed transaction and low fees but because of some greedy people it is becoming like asset . For me it's always currency.
Bitcoin is both. Bitcoin is a currency because we can use it just like the common currencies in our world like for buying foods, services and so on and bitcoin is also an asset at the same time which gives us advantage to earn a lot of money if we are holding some bitcoins in our cold storage or regular wallet so it is like an all packed currency.
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
Bitcoin is a crypto currency but most of the people who own bitcoin like to use it as a personal asset for the future aka savings. But if people want to use it as a currency for managing their expenses no one is stopping them.But i use it as an asset and sometimes make investments. Lets see where the volatility of bitcoin leads us to. 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
Bitcoin is the currency which people have adapted to use as an investment and actually turned it into an asset. Only when you buy shares of companies they are provided with real assets, and bitcoin Finance is secured only by investors who can withdraw in one day.
For me the answer is pretty simple: Bitcoin can not be viewed as a currency, as it doesn't have stable value. So it's more like an asset to be speculated with.
That said, it's more than likely that Bitcoin will be a full-fledged currency in the future, when the price has stabilized.
If the price stability is the one that recognize an asset as a currency then USD too can't be considered as a currency, because USD too varies in value to some level periodically when calculated to other fiat currencies. Bitcoin as a currency is upon each users will to use on multiple needs. That said, it's more than likely that Bitcoin will be a full-fledged currency in the future, when the price has stabilized.
The USD volatility cannot be compared to that of Bitcoin though
For me the answer is pretty simple: Bitcoin can not be viewed as a currency, as it doesn't have stable value. So it's more like an asset to be speculated with.
That said, it's more than likely that Bitcoin will be a full-fledged currency in the future, when the price has stabilized.
If the price stability is the one that recognize an asset as a currency then USD too can't be considered as a currency, because USD too varies in value to some level periodically when calculated to other fiat currencies. Bitcoin as a currency is upon each users will to use on multiple needs. That said, it's more than likely that Bitcoin will be a full-fledged currency in the future, when the price has stabilized.
Actually it can be both, but it was supposed to be currency and because of the worlds adoption for it, bitcoin now can be considered as currency or the first worldwide currency, even though it can be called as currency it doesn't mean you can use it like money, currency and money is different, if a currency is being used for daily purposes then it can be called money. It is an asset too because it is somehow part of investment, for some others currently hold their bitcoin it will be called as an asset, but if its being used in cycle then it is good as currency.
It is a currency then it will be one's asset if avails. Having bitcoin can give tge satisfaction of it being an asset that we can treasure for long and as a currency that we can use whenever needed. 
This is a question I even ask myself on the category bitcoin falls into a deeper analysis I will conclude that bitcoin is in between the two as it shares some characteristics as an asset and also as a currency because as a currency today, we can use it to purchase an item and with service providers accepting it as an asset on the otherhand means it can then be used to generate value which is evident in holding or trading it.
Actually it can be both, but it was supposed to be currency and because of the worlds adoption for it, bitcoin now can be considered as currency or the first worldwide currency, even though it can be called as currency it doesn't mean you can use it like money, currency and money is different, if a currency is being used for daily purposes then it can be called money. It is an asset too because it is somehow part of investment, for some others currently hold their bitcoin it will be called as an asset, but if its being used in cycle then it is good as currency.
In my opinion, bitcoin is an asset. Why is that? Let's look at the bitcoin price when it first appears. Has not it gone up many times now? So making bitcoin as an asset is a very appropriate choice.
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. It is more perfect if we think of it as a currency that has a double role as an investment asset.
Well it could be both but it really depends on the user on how he/she treats bitcoin. For example, if someone needs cash for paying obligations and he/she does not have fiat at the moment, he can always convert bitcoins and use it as a payment for EMERGENCY PURPOSES. On the asset side, one might see bitcoin as a future investment due to its high volatility. In a short matter of time, one can incur profit compared to bank investments that is too time consuming while at the same time low in profit. Bitcoin is very flexible when it comes to these matters and it really depends on the person on how he/she uses it.
For me the answer is pretty simple: Bitcoin can not be viewed as a currency, as it doesn't have stable value. So it's more like an asset to be speculated with.
That said, it's more than likely that Bitcoin will be a full-fledged currency in the future, when the price has stabilized.
That said, it's more than likely that Bitcoin will be a full-fledged currency in the future, when the price has stabilized.
It can be both, I believe it was created as a currency, but you are right about its unstable price making it difficult to be seen as one. That said, it has other features that compensates for the votality.
It is called virtual currency, but in essence, I think it is like a property, and the property does not have a defined value, it depends on the market demand.
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 !
I agree with you that it depends on how the country use it. If they used as currency that have a specific law in order to make it safe for the users or an asset where people can be able to have it without limitation
For me, bitcoin is a kind of currency because it can buy something, payment for your bills even though it is online transactions. And if you invest bitcoin then it will consider as an asset to you. Because for me, asset is something that have a high value just like land, buildings or anything that have bought using bitcoin or local currency.
But if you hold bitcoin for future purposes it becomes an asset to you because of it's value..
But if you hold bitcoin for future purposes it becomes an asset to you because of it's value..
In my opinion, bitcoin is an asset. Why is that? Let's look at the bitcoin price when it first appears. Has not it gone up many times now? So making bitcoin as an asset is a very appropriate choice.
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. It is more perfect if we think of it as a currency that has a double role as an investment asset.
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 !
I don't get it, take advantage what? The taxes? I think we are still paying taxes but it do not go to the government's hand but to miner's hand and it is called fee. I think it as a fee because they are just using it to earn theirselves money from mining. If all the bitcoins was mined, I think there will be no fee, there will be no tax.
Jump to: