Is bitcoin an asset or a currency? - page 28.

Thecryptocurrency09

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Quote from: StevenRA on October 25, 2017, 05:01:08 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

Bitcoin could be an asset and even a currency. No body labels it well so it is for us what to prefer to. But for me, I go for both as for its function does these two.

devil jin

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Quote from: StevenRA on October 25, 2017, 05:01:08 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

Actually, Bitcoin for me plays as both currency and an asset at the same time because it do possesses the characteristics those two have to be considered as the one. Bitcoin was a currency in a way that we people use it to pay those products and services we bought or avail amd serves as a payment for those that we have chosen. Bitcoin as an asset because we all know that it is good for long time holding that was beneficial for our part especially when it comes to investments.

Scallywag

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When you look up the definition of currency , bitcoin qualifies for it. But it isn't useful as a currency , because of the high fees and the slow transaction at this moment . We will have to see if the lightning network will fix this problems.

majest3

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I believe It should be considered as an asset class, to considered a currency it would need to be spendable at your local coffee shop. Currently this is just not commercially viable because of the speed of the transactions and the fee's attached to it. Once these two factors have been addressed then it is possible that it will switch to a currency.

Tama21

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Quote from: StevenRA on October 25, 2017, 05:01:08 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

Bitcoin isn't a currency.
it is so unstable and It's just too volatile for that
so bitcoin is an asset

teejaymuna

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Bitcoin is a currency and at same time an asset. With bitcoin you could make transactions all over the world at your comfort and that makes it a currency. Also you can buy and store bitcoin a long time and that makes it an asset.

teejayrichard2

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bitcoin is an asset and also a currency. bitcoin is an asset in the sense that, you can buy in large volume and keep and anytime you need cash you can sell and get even more as the value keeps appreciating. it is a currency as it can be used for all forms of transactions to make payments

akhilsh6896

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Bitcoin can be considered as an asset cause its value to people. But it is no way near currency.

Henry Sy

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Quote from: StevenRA on October 25, 2017, 05:01:08 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

Well, for me Bitcoin do possesses both characteristic that a currency and an asset have so for me, Bitcoin can be considered as both asset and a currency. Bitcoin as a currency because it can be use to pay off what you have bought and purchased by simply sending the payment or even do scanning to pay for that. In terms of being an asset, since we all know that Bitcoin has a great potential to grow especially talking about the price which is good for investments that is why we can totally consider that Bitcoin can be both a currency and even be an asset.

icanscript

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The question is not correct. The currency (digital, crypto or fiat) will always be an asset. Because the asset is highly liquid. And this asset has the ability to move around the world without borders and barriers.

xsaints128

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Of course Bitcoin is a currency and to be specific we all know it's cryptocurrency. I can easily buy games, etc., with Bitcoin so it classifies Bitcoin as a currency but due the sudden increase in it's value it has shifted it's nature from being a currency to an asset, that everyone wants to possess.

Photographer

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Bitcoin has unfortunately turned into an asset, which is bad because this asset is basically only a speculative one, with no other use than speculation. Not clear what will happen next.

ismadanniel

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if me i would make it as asset because im holder more like gold...i dont think its good choice to pay more fee than what you bought

lani123lani

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In my opinion, bitcoin is an asset because it can be exchanged for goods, bitcoin is also the currency used to buy goods, bitcoin can also invest for the future.

HashieNewb

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Quote from: ?? on ??

I believe that bitcoin is both an asset and a currency. We should invest in bitcoin because it is the future baby

It can't be both an asset and a currency.

I don't know how this thread is pages long without an actual answer to the question.

If the IMF does not classify Bitcoin as a currency then it is not a currency. That's all there is to it.
Bitcoin is an asset.

kache2018

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When you say and asset it means something you have invested as part of a business like cash. The monetary value is the currency. When you invest in bitcoin this will be your asset and bitcoin is your currency, more particularly cryptocurrency.

deviltasha

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More likely it is asset now, but is tis possible that it will change its nature and turn into currency.

A.Chanaka Bandara

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As I am thought Bit Coin is an asset than currency but can use it as a currency. Most of crypto investers Bit Coin as an asset.

denulh

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i think bitcoin can be called both asset and currency, first i think bitcoin is an asset because i can hold for long term to sell for profit as gold, second, i think bitcoin is an currency because i can use it all over the world as long as i have internet, i can trade bitcoin for profit.

nelsonk

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i think bitcoin is a currency because it has been accepted as a method of payment in some countries. it can also be termed an asset because of the increase in value.

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