Topic: Is Bitcoin a currency or asset? - page 9. (Read 12796 times)

Di negara saya,bitcoin di anggap sebagai aset bukan mata uang.untuk peredarannya tidak boleh sebagai alat transaksi jual beli.

Yeah, Bitcoin has so much function and it could be considered as an asset or a currency depends on what activity you want to use Bitcoin for.
It will be a currency if you're using them to buy other coins , it will be an asset if you're keeping them in a wallet and wait for the right moment to sell.
It could be a saving if you want to keep them for your children also , there will be no physical damage over the time like golds because it's digital .

Actually for me, Bitcoin acts as both currency and an asset at the same time for the reason that it possesses the characteristics a currency and an asset possess to effectively consider it and claim it as the one. Bitcoin acts as a currency in a way that you can use Bitcoin as a term of payment in any online merchandises that was like an innovated version of our regular currency which makes it a lot more easier to pay even without that need to get cash from your wallet and transactions are fastly made by the means of it. In the other hand, Bitcoin acts as an asset for the reason that an asset is a growing  money which is commonly used for investments that was a characteristic of Bitcoin to evenly grow due to its volatility.

To me I think bitcoin is both currency and asset,  why because bitcoin can be you for day to day exchange automatically this has qualify it to be currency and also bitcoin can be save as a long time items which also makes it an asset, not just asset but digital asset.

In my opinion, we can call it the same, it's currency because it's used in transaction. and an asset because it is rising or decreasing as well, such as a home and land while the value is increasing or vehicle as the value drops as they last. we can compare those things into bitcoin as an asset.

At the moment bitcoin is not very suited to be used as a currency because of the high transaction fees. In the future it might become very suitable tho. So as of now for me it is more of an investment, and thus an asset.

Since bitcoin can be used for the exchange of goods and services, it is surely a currency

First of all bitcoin is a currency but people was mad because of high price and bitcoin is using as currency in draknet only. It's possible that problems with price nowadays are cause of people who forget about bitcoins main purpose.

Could be both. Bitcoin can be a currency and an asset. This can be a currency because of the transfer of funds online and easy to use. It can also be an asset, but I can say that you will need time for you to keep investing. Now look at Bitcoin, you put money into it and return the money and also add more of your money so that the hybrid is an asset and that is the currency. That's how I define it.

Until now, disputes about what is actually a crypto-currency - a financial instrument, a commodity, a payment instrument or something else, that does not fit into the existing classification of assets and require a new definition for the world of modern finance, have not been abated yet. This age-old question about the nature of bitcoin has become a cornerstone for regulators and legislators of many countries.

In recent years, more and more countries are questioning the regulation of digital currencies. At the same time, the authorities of some countries interpret the crypto currency as an asset, others as a means of payment, others as a commodity, and the fourth ones do prohibit the circulation of digital currencies. The latter include Vietnam, Lebanon, Bangladesh and other developing countries with a not very stable economy and national currency. The leadership of such states often generously "feeds" their citizens with statements about the "risks of financial pyramids," "high volatility," and that digital currencies are allegedly used only to implement criminal schemes.

Obviously, most regulators of such countries are afraid that the usual tools of monetary policy will simply lose their former effectiveness, and the population as a result will give preference to crypto-currencies, if not for everyday exchange, then at least to maintain value in conditions of galloping inflation and lack of confidence in the banking system.

At the same time, the demand for crypto-currencies is also expressed by residents of developed countries, where the economy is relatively stable, and banks inspire much more confidence than, say, the financial institutions of Kyrgyzstan or Uzbekistan. And the motives of crypto investors from the US, Japan or South Korea are not necessarily related only to speculative interest, fueled by the extremely high yield of digital currencies in comparison with traditional financial instruments (such as stocks, bonds or bank deposits).

More and more people are beginning to realize that the world of traditional finance is far from ideal. Much becomes clear, if you quickly examine the infographics on the site of Visual Capitalist. So, at present the volume of the world stock market is $ 73 trillion, which is roughly comparable with the world GDP ($ 74 trillion). Probably there is something wrong here, because not only large corporations, but also non-public small and medium-sized businesses, private entrepreneurs or, in other words, millions of ordinary people produce goods and services.

bitcoin is an asset because many people keep it for their future money and because of this value people use it to buy whatever they want like paying bills or buying stuff. bitcoin is the currency because bitcoin benefits us. we can use Bitcoin to buy some items online but still need to improve or grow many things.

I think bitcoin is both. Bitcoin has been recognized in some countries, and people use bitcoin as a currency to pay for it. People invest in bitcoins, so bitcoins are an asset, and people can easily exchange bitcoins for money.

I think in the future it will definitely be much bigger
Because with the many advantages that are much better than other currencies gives the bitcoin a tremendous opportunity to become popular and in use, even now I am getting information that BAnk swiss generally sells Ethereum, bitcoin and bitcoin cash to its customers. I also see that bitcoin will be one of the most widely used currencies in the future.

As for me Bitcoin is highly liquid and highly profitable asset. Because in long-term conditions, I can sell it whenever I want and if i hold it, it can bring me nice profit.

My thinking at this time is that, bitcoin has been both the role. Currency and property. If you look at the property, then you can work in the future. And at this time my country is India, it has been banned, so it is equivalent to one of the assets for me. its my opinion.

You are right! It is true that many countries are still not recognizing bitcoin as currency. There are still a lot of stores and business that are not aware to what is bitcoin. We can consider bitcoin as investment and asset.

Bitcoins plays both role in our society,  the bitcoin serve us the currency that can be used in all kinds of commercial transactions and a asset that can helps you to buils a better life in future.

With me . I consider Bitcoin a valuable asset. Because bitcoin is not used to paying in my country. I believe that the value of it in the future will increase quite high and we will get a great profit from hoarding it for a long time.

I strongly agree on your opinion and also think that, it is store of value like gold and at the same time currency, similar to fiat money. And adding also my opinion that, MTC is fair distribution based on a new coin generation system called proof of promotion called POP. Controlled by Jarvis AI - artificial intelligence using time dilution technology the system will distribute free MTC to up to 100.000 people based on IP address and proof of promotion instead of miners proof of work. In addition, Bitcoin is an electronic asset and it can operate only through internet. Due to its specific characteristic the bitcoin has acquired wide popularity among the crypto market.

Bitcoin is yes and indeed an online currency which we can use to buy things not just online but also to the stores which is already accepting bitcoin as payment and bitcoins are also an asset which the price keeps increasing and its value is getting higher making bitcoin one of the most favorable online digital asset. As long as you are able to maintain a good amount of bitcoins then you will see great results.