Topic: Is bitcoin an asset or a currency? - page 18. (Read 3630 times)
Bitcoin is both currency and asset. Bitcoin brings lot of profit for us . It is a crypto currency. Online based currency what we can't touch but we can use it buy sell it.
Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.
https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html
Bitcoin is a currency because we can use it for trading and buying product from online shop.
Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.
https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html
What I Understand is In long term bitcoin be consider as asset because the rate which appreciating is very positive so in near future it will be very big asset for those who holding Bitcoin. There is no doubt Bitcoin is currency (cryptocurrency) the thing is we are started now to use is in our day to day life this usage will sure increase very near future that means it is currency only.
I think Bitcoin is both a factor in the currency of the investors who own it, with the current situation that a lot of people want to buy Bitcoin for the future. Many investors want to hold a lot of Bitcoin in the market, but fearing the risks it brings to worry about investment.
Bitcoin can be either an asset or currency. An asset because we can hold it to become part of our investments and a currency if we exchange bitcoin to markets or either sell them or buy them.
Currently it is an asset. I think it started out as a currency and evolved over time. I think in the future on the price of bitcoin is discovered and volatility calms down I think that combined with the implementation of lighting network can catapult bitcoin back into being the prime payment solution online.
With respect to where bitcoin is located it can be called both. In the world of Cryptocurrency, bitcoin is a currency; Cryptocurrency! And in our own world, we can term it as an asset when holding it. So, whichever area of specialization as a trader or investor, bitcoin can be a currency or an asset.
Well we all know that bitcoin cannot be held or kept in a pocket or wallet like currency; it is purely a computer- based means of exchange. Therefore, it is an asset.
Bitcoin is a non-currency asset. In my country bicoin not made into a valid payment instrument. But for the asset, investment or exchange in the komoditas is allowed. So the transaction must use fiat money. Bitcoin is only to be owned, sold or considered as gold.
The nature of bitcoins now belongs to assets rather than money. Because the price of bitcoin is now extremely unstable. And the standard of real money is stability. Bitcoin does not have this feature at present. But the reason why people are attracted by bitcoin is the rise and fall of it. The price of bitcoin has a great interest. Many people rely on bitcoin to become rich. Some people also went bankrupt because of bitcoin. So, firmly hold. The future has come.
As far as i know bitcoin is not a currency but an asset. A currency is a circulation as a medium of exchange whereas we know that bitcoin is just used to put up assets and make it grow. It isn't considered a currency since it's not accepted and used by all or a certain country. It will take a long run for bitcoin to be able to be considered as a currency.
I think bitcoin is more like a commodity, at least not a strictly monetary one.
1. Currently, bitcoin transactions online are mostly transactions that use bitcoin as a commodity and other currencies as payment instruments. Bitcoin, in turn, has little to do with the currency.
Have you ever seen someone hoarding money? Only people hoarded commodity prices and sold them again.
1. Currently, bitcoin transactions online are mostly transactions that use bitcoin as a commodity and other currencies as payment instruments. Bitcoin, in turn, has little to do with the currency.
Have you ever seen someone hoarding money? Only people hoarded commodity prices and sold them again.
Its both asset and currency, asset because its like gold that has big value that can be useful for future but good thing is the value of bitcoin get increase when you hold it. It is also a currency but it is electronic can only be use or access through computers or smartphones with internet, thats why they called it cryptocurrency. In my own understanding.
I don't know why the majority of the members here are arguing about classifying what Bitcoin is. Because if you own Bitcoin as a currency then it is classified as an asset, a liquid asset to be precise as anything you own that can be use to pay off something is classified as an asset. It doesn't matter whether it only exist virtually as it still has an intrinsic value to it.
Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.
https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html
Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.
https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html
Bitcoin is a big asset. It is very much profitable. Bitcoin opens a world that everyone will enjoy and earn for a living. It gives opportunity even for small investor and people who is starting from zero. Their are a lot of benefits we can get in bitcoin like convenience of online transaction, money security, business and of course additional source of income. Bitcoin may enjoy doing their transaction in bitcoin like trading or campaign without letting go of their career. You can do this at your vacant time and it is also avail in mobile.
I think that depends on how you use the BTC.
In many countries it is used for shopping for merchandise and thus as currency. Many people see the BTC as an object to make quick profits, then it is an asset
I think he should be used as currency.
In many countries it is used for shopping for merchandise and thus as currency. Many people see the BTC as an object to make quick profits, then it is an asset
I think he should be used as currency.
It's both, a great asset and a great currency. It's more than that though, it's a genius speculation device, a prsonal bank, a personal vault and even an item to show off. Some people say it's not a currency and I understand their reasons, but just like there's no perfectl democracy, systems and countries can still be considered democracies even if they don't complete all of the criteria. Same with currencies.
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