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Topic: Is bitcoin an asset or a currency? - page 21. (Read 3630 times)

jr. member
Activity: 110
Merit: 1
February 24, 2018, 02:21:09 AM
I think bitcoin is an asset and also a currency, an asset that can be better than money but most importantly we can benefit from bitcoin.
Even bitcoin is better than gold when bitcoin prices are rising I will benefit more than any currency.
newbie
Activity: 84
Merit: 0
February 24, 2018, 02:20:06 AM
Bitcoin in general was conceived primarily as a payment system, although this function has already not been fully implemented because of its slow transactions. So bitcoin is closer to currency by nature.
full member
Activity: 350
Merit: 100
February 24, 2018, 02:16:43 AM
Well, I think it depends on the individual perspective, some people sees bitcoin is an asset and to some other persons sees bitcoin is an investment. But which ever way we all see it, bitcoin remains relevant on both areas either as asset or as an investment. Because some people buys it and keep it for years  leaving it there to continue growing while some buys at dump and sells at pump.




full member
Activity: 239
Merit: 100
CAT.EX Exchange
February 24, 2018, 01:59:13 AM

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


I personally do not care, to debate it. whatever people say and some academics disagree, which is important to me. I can trade and invest in crypto. one of the benefits I can get in the future with bitcoin and crypto. although it is possible I can bear all the risks.
full member
Activity: 337
Merit: 100
February 24, 2018, 01:49:57 AM
As far as I know, bitcoin is now considered as an asset and a payment method in some country. It's a very long way for bitcoin to be a currency.

For me, I considered as an investment or asset, not a currency.

I considered bitcoin both an asset and a currency. Why? Because, nowadays bitcoin is the most valuable asset to have thatbcan be converted into a real money.
member
Activity: 728
Merit: 10
February 23, 2018, 11:36:56 AM
I think bitcoin is an asset that has a very high exchange rate. It can also be said that modern digital currency can be converted to other currencies.
member
Activity: 143
Merit: 10
February 23, 2018, 06:33:03 AM
To me its both, an asset and a currency. It is a store of value and means of exchange, so yeah. I love bitcoin. Cant wait for layer 2 solutions to go mainstream.
jr. member
Activity: 126
Merit: 2
February 23, 2018, 06:27:47 AM
Bitcoin is a digital currency or the first cryptocurrency. Also you can convert or exchange bitcoin into fiat like USD and fiat or cash is an asset. So bitcoin for me is an asset and also a currency.j

I believe bitcoin is really closer to an asset and is rapidly becoming a digital gold. However it has many of the characteristics of currency so it really comes under it's own category
member
Activity: 454
Merit: 13
February 23, 2018, 06:25:50 AM
Bitcoin was initially designed to work as a currency but this has so far not entered mainstream use. In the meantime however its value has increased dramatically and this makes it usable as an asset.
member
Activity: 378
Merit: 10
February 23, 2018, 06:18:00 AM
Bitcoin is a digital currency or the first cryptocurrency. Also you can convert or exchange bitcoin into fiat like USD and fiat or cash is an asset. So bitcoin for me is an asset and also a currency.j
member
Activity: 322
Merit: 10
February 23, 2018, 05:23:41 AM
As far as I know, bitcoin is now considered as an asset and a payment method in some country. It's a very long way for bitcoin to be a currency.

I agree with your opinion that bitcoin is not a currency but an asset only, although many countries reject the bitcoin for the means of payment, but I predict that the system used will also be applied to their financial system of course with the name of their respective currency
member
Activity: 94
Merit: 10
February 23, 2018, 05:16:26 AM
Until now, disputes about what is actually 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 are still going on.
This is not a commodity, because it is not a raw material for the production of anything useful. The only exception, I think, may be if it becomes an essential component of smart contracts. In this case, probably, bitcoin will be able to take on the role of a commodity that is valued not so much as a currency, but as a kind of "fuel" for smart contracts.]
member
Activity: 238
Merit: 10
February 23, 2018, 05:12:36 AM
As we all know bitcoin is a smart digital money, if you have it you should treat it as a valuable asset. Because it is a long-term investment, today's high volatility bitcoin market attracts people to invest in bitcoin, widely spread around the world. Therefore, bitcoin has helped people and bring high profits, in addition to change people's lives.
full member
Activity: 392
Merit: 101
dApps Development Automation Platform
February 23, 2018, 05:11:45 AM
Originally, bitcoin was a digital currency but it eventually became an asset because of its value that is constantly increasing. Because of such ability, people tend to look at it not just as a digital currency but also as an investment and an asset in which people will eventually gain some profit.
hero member
Activity: 2814
Merit: 618
Leading Crypto Sports Betting & Casino Platform
February 23, 2018, 05:11:06 AM

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

I don't think that we need to discuss about it that bitcoin is an asset or a currency, Bitcoin is Bitcoin, it is clear. But some people who get a lot of profit from bitcoin they think about bitcoin is an asset, and some people who start trading with bitcoin they think bitcoin is a currency. But for me, bitcoin is bitcoin i deal with bitcoin as a currency whenever i want to transfer the amount into other accounts and when i get huge profit from bitcoin then definitely bitcoin will be an asset for me.
sr. member
Activity: 910
Merit: 257
February 23, 2018, 05:06:20 AM
For me, bitcoin is a little bit of both. It is still a currency because of the fact that we can use it in any transaction that caters bitcoin. It becomes an asset because it's volatility range allows it to be profitable with the right strategy.
member
Activity: 490
Merit: 28
February 23, 2018, 04:56:58 AM
Well as per me I consider btc as the best investment assets one could have in their life.I don't consider btc as a currency even though it is a digital currency which is accepted and recognised  globally.I still see them as an investment just because we can enjoy its profits only when we convert them to real cash.There are few other reasons which make me see btc only as an investment as it is not backed by anything like real life currency say for example it is not backed by gold or stock to build it's value infact the market is being maintained by the Trust build in by the people within it . Some see it as an asset where as some see them as currency because some companies already started paying their employees by using btc.
What ever you called it is a precious crypto entity that is valuable more than gold and diamond if it is an asset or a currency for me both because if you posses it is more than asset because any time the value will rise and become valuable than any asset  I’ve known. if it is a currency it has no boundary you can pay it in every corner of the world.
full member
Activity: 420
Merit: 100
February 23, 2018, 04:53:27 AM

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

I think we cannot consider bitcoins an asset unless we found out whom satoshi was because allegedly the people say that he is the one who made bitcoins but no one can ever know who he really was really is. So as long as that is the thing, bitcoins has no pne source so bitcoins are asset of nobody they are an asset of all the people who holds them but they are a currency that are digitally existing they can be an asset if a business gonna use them as a currency asset
newbie
Activity: 167
Merit: 0
February 23, 2018, 04:47:39 AM
For my own opinion i think it is an asset.
The definition of bitcoin for me is a valuable or useful thing. True right?
We know that bitcoin is not yet a currency till we converted it to fiat money.
full member
Activity: 353
Merit: 100
https://luxantdigitalbank.com/
February 23, 2018, 04:39:08 AM
Well as per me I consider btc as the best investment assets one could have in their life.I don't consider btc as a currency even though it is a digital currency which is accepted and recognised  globally.I still see them as an investment just because we can enjoy its profits only when we convert them to real cash.There are few other reasons which make me see btc only as an investment as it is not backed by anything like real life currency say for example it is not backed by gold or stock to build it's value infact the market is being maintained by the Trust build in by the people within it . Some see it as an asset where as some see them as currency because some companies already started paying their employees by using btc.
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