As of now,there is 2 major problems with Bitcoin as an currency
1) Mining fees are too high nowdays and getting congested.In addition,the processing time of Bitcoin transaction is very slow even compared to Visa.Due to the fact that there is a limit on the number of transactions that can be completed in a day,it can sometimes take days to even finish a simple transaction.
2) The price of Bitcoin is too voliate to be even considered as a currency. Take for example,the value of Bitcoin has experience drastic daily change of almost 5-10% in value.On the other hand,the most frequently traded forex pair USD/EUR had only a daily changeof less than 0.9% a day and bardly changed 10% over a month.The common people do not want investment denominated in a currency which value can changed by almost 50% to 90% in a month.
In short, Bitcoin is not, nor shall it be a currency.
Also Asset is something that put cash into your hands, Bitcoin is neither an asset too.
Topic: Is bitcoin an asset or a currency? - page 26. (Read 3630 times)
Bitcoin can be both. Bitcoin is relative to some people.
They can make bitcoin as an asset to let it grow for the long term and can also be a currency to be transacted online.
They can make bitcoin as an asset to let it grow for the long term and can also be a currency to be transacted online.
In my opinion, bitcoin is a currency and also an asset because bitcoin is a digital currency and can be used to buy something that receives bitcoin as payment, bitcoin can also be an investment asset for the future.
Good topic, so everyone in this forum knows. I replied that bitcoin is an asset and a currency. Why is that? Bitcoin as a currency because it can be used for online payment transactions, bitcoin is the global currency, so you can freely make transactions to the world. And then bitcoin as an asset, many people store bitcoin riches for the long term, I say investment. In the investment, you hold bitcoin and sell it when the price goes up. Of course big profit for you.
Bitcoin is an assets as well as currency , why because of assets is bitcoin is future investment and future profit tool. In bitcoin we can invest for future and when we going to sale those invetment it vwill become currency its self , That profit will become currency.
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 certainly agree to that, bitcoin is now considered as an asset where you will hold it for long term. In addition to that, you can also say that bitcoin is a currency and most of bitcoin users prefer to used as currency. I think bitcoin will become our future asset and currency.
Bitcoin will become a future asset. In modern times, many countries have validated bitcoin as a digital currency. Bitcoin value and usage are more in crypto currency. Absolutely it will be the resources for a country in the future.
For me bitcoin is a currency. Bitcoin is start in a currency and i think it will stay where bitcoin really come from. Bitcoin has the value and can also tell as a asset but currency is the word that can really fit for bitcoin. Just like the currency in the internet, they called crypto currency. They have their own field name.
I believe it is a currency and hopefully, we can get back to those roots some day. This was the original vision of the bitcoin community.
One of the bitcoin's purposes when it was created/developed is to make the transactions easier for every person because it won't take so much of someone's time when he/she is about to pay, buy or even send money to their loved ones which means that it is also considered as a medium. However, since most of the people here on forum saw that bitcoin has a potential to increase its value more than we can imagine then I think that some made bitcoin as their asset.
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
At this time issues, i disagree that bitcoin is easy to send in the whole world becuase the slow transaction.
I know bitcoin is built for more as a currency but recently its just good to use for investment only because the price is growing. Bitcoin is not suitable currency this time.
Bitcoin is both an asset and a currency. It can be an asset because we are earning from it. It's a currency because we use it to send and receive payment over the internet.
I believe that BTC is both an asset and a currency. Some people use it for their everyday payments as a currency and others to hold value (asset).
I also think when more merchants start to accept BTC or any other altcoin as a form of payment, people in general will be more comfortable to use it as currency and eventually BTC will replace fiat.
I also think when more merchants start to accept BTC or any other altcoin as a form of payment, people in general will be more comfortable to use it as currency and eventually BTC will replace fiat.
this questions is twisty. well, to some people bitcoin is an asset and to another person 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. lots of people are now investing lots of their money into bitcoin because they believe that even if it falls in value today it will surely skyrocket within a short while. so people who invest into bitcoin systematically turns it to an asset by leaving it there to continue growing because they believe so much that their investment cannot suddenly get lost into thin air.
Bitcoin is both asset and currency. We used it for investment and our investment may lead to assets. If we just consider it as a currency,it the near future it will fade like a bubbles. But if we consider it as an asset,we will gain more from it. Money is just a number but asset is an investment. In some reason,this two is always connected. No currency,no asset.
It's a currency m8 ! A world wide currency! The world first p2p money with more than 200'000 transactions per day and 3 addresses having between 100,000 - 1,000,000 bitcoins (2.62% of the circulating supply). One of those 3 is Bitfinex Cold Wallet having 143,651 BTC ($1,520,408,150 USD). Here it is : https://blockchain.info/fr/address/3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r
Guys It's just a new kind of money as they say in their white paper !
Guys It's just a new kind of money as they say in their white paper !
It is both an asset and a currency. You can save it as an asset and spend it to purchase as a currency.
Bitcoin for me, in all honesty, should be treated depending on its current purpose, sure some may say that bitcoin is not an asset but a currency. but if you think clearly, at this time bitcoins serves best being an asset rather than a currency. and as an additional info, bitcoin needs to stabilize its value at the very least in order for it to be considered as a currency. so I think it would take long before it really becomes officially a currency
Though the intention behind the creation of btc was peer to peer money transfer, or as the digital currency but I think BTC now become an asset more than a currency.
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