Topic: Is bitcoin an asset or a currency? - page 29. (Read 3628 times)
Bitcoin is not being made for the trading purpose it was made just as a mode of payment like PayPal but people starting using it like gold and other stuff. Because at that time Bitcoin was not much stable and was constantly violated its price so people started making a profit from this. There were many incidents when people have made a huge profit from the lock and those incidents meet people even crazier and now it is being used as trading and bonds. Bitcoin is more likely both an asset and the currency the only difference is that it is not fully capable of defeating the physical cash.
Right now, as I would see it, it is being dealt with as a store of significant worth and a benefit by most financial specialists, a long way from the genuine motivation behind bitcoin. When it hits mass reception and standard, individuals and the legislature could regard it as a money over all nations, which could support the monetary status. We are going towards computerized age in this age, so having bitcoin now resembles getting ready for what's to come.
for now bitcoin is more likely as a business asset that is able to provide opportunities to benefit greatly from various efforts that can be done by utilizing the character of bitcoin such as investment and trading,but in addition bitcoin function is also still often in use for various online payment transactions .
For me, you can do or choose both things but if you can search the definition of bitcoin. Bitcoin is first digital currency that is decentralized and a worldwide cryptocurrency payment system. But when the bitcoin prices increase most of the people rapidly use it as an asset because you can make a massive profit on it. But this always depends on the user what they want to use bitcoin. 
BOTH1 THATS what i believe and i can tell bitcoin is an investment too.
To me, BTC is both an asset and a currency. I invest in it gor my future so it is an asset and I use it for most of my shopping needs. This way it serves me as an asset and a currency.
That's why bitcoin is unique and the best currency that ever made.
Of course bitcoin has disadvantage that cause my government still not legalize bitcoin yet.
Luckily I can still hold bitcoin as investment but can't be use for transaction.
To me, BTC is both an asset and a currency. I invest in it gor my future so it is an asset and I use it for most of my shopping needs. This way it serves me as an asset and a currency.
Bitcoin I will say can be used as both asset and a currency. In the Cryptocurrency world and in our now buying and selling, bitcoin is now commonly used and accepted. With your own discretion, you can have it as an asset for the later future.
I think it is treated as a well known and expensive asset by the most of the people who are using it. Most of the people here are always saying to hold them because it will be pumping soon which is a proof that they look bitcoin as an asset. It might be treated by some as a currency but I think it is still not a good currency but a good asset.
Bitcoin is (or should be) both! No need to exclude anything 
Finally an answer that makes sense. Different people means different needs and use cases, so Bitcoin as multifunctional tool can be used in ANY way people think it helps them to get something done. The name (e.g currency, asset, investment, store of value) itself doesn't matter, the actual usage of Bitcoin matters here. The more ways in which Bitcoin can be used, the more utility it has, and thus the more valuable it becomes. To add even more, people will never agree on what category Bitcoin should fit in. One thinks it's a currency, and the other completely disagrees with that and believes it's something else, and so forth. Instead of talking about what Bitcoin is or isn't (which people will never agree on), just use it and stop talking.
Most of debates and articles declared that Bitcoin is not an asset because it does not generate cash flow and stand alone for who hold it,In my opinion Bitcoin is an asset which place in current asset category.
If we take a look of international definition of an asset is"Assets are the resources which can be owned by an individual or company".e.g:
Cash,Accounts receivable,Land,Building,Furniture and Fixtures.It is declared that Bitcoin is also resource and count as current asset it mean it can easily convertible in cash.Another side it also play a role of currency as well.
If we take a look of international definition of an asset is"Assets are the resources which can be owned by an individual or company".e.g:
Cash,Accounts receivable,Land,Building,Furniture and Fixtures.It is declared that Bitcoin is also resource and count as current asset it mean it can easily convertible in cash.Another side it also play a role of currency as well.
Due to its network limitations, the BTC can not be considered a currency. He is as active as gold. If the BTC wants to be seen as a currency and be transacted as such, it needs to solve its network problems such as size and its block causing congestion and high charges.
Bitcoin I will say can be used as both asset and a currency. In the Cryptocurrency world and in our now buying and selling, bitcoin is now commonly used and accepted. With your own discretion, you can have it as an asset for the later future.
Currently, in my opinion, it is being treated as a store of value and an asset by most investors, far from the true purpose of bitcoin. Once it hits mass adoption and mainstream, people and the government could treat it as a currency across all countries, which could boost the economic status. We are headed towards digital age in this generation, so having bitcoin now is like preparing for the future.
Right now I view bitcoin as an asset. It's not really spendable where I live currently so it's hard to use it as a currency. My girlfriend and I pay each other back using bitcoin though. I think in the future either bitcoin or another faster/lower fee altcoin will be used as currency.
In my own opinion bitcoin is an asset that you can gain profits or use it to pay your bills, buy things and etc.
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 think bitcoin is an effort, if we have bitcoin means we have a business, whose name there must be a result. That result is called an asset, if the currency is a means of payment of buying and selling.
Bitcoin can also be an asset and also a currency so there no confusion about which is which because when we define the asset it means that it is something that is own by you or something that you owns. We all own a bitcoin when we start earning in here or when we buy a bitcoin and keep it. Bitcoin as a currency, currency by means is a system of money generally in use in a particular country or place and we all have different currency. Bitcoin is a cryptocurrency means a digital currency and it only exist electronically.
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
Ok, I will start that Bitcoin came from a Block-Chain Technology. The Block-Chain Technology created Bitcoin a Cryptocurrency, so definitely Bitcoin is a currency but an electronic currency. Based on our accounting lesson that I will apply here, Bitcoin can be an asset, liability, income, capital, and or expenses. It's your choice on how you treat or used Bitcoin based on ALICE principle of accounting.
It doesn't matter what people treat Bitcoin as, what academics think, and what needs to happen to be treated in a certain way.
This is the whitepaper:
Bitcoin: A Peer-to-Peer Electronic Cash System
https://bitcoin.org/bitcoin.pdf
There's nothing else that needs to be said. This is irrefutable evidence that Bitcoin is a currency.
We don't need NYU's 'dean of valuation' to say that it is, we already know.
This is the whitepaper:
Bitcoin: A Peer-to-Peer Electronic Cash System
https://bitcoin.org/bitcoin.pdf
There's nothing else that needs to be said. This is irrefutable evidence that Bitcoin is a currency.
We don't need NYU's 'dean of valuation' to say that it is, we already know.
The objectives of bitcoin went sideways long ago. Would you say silver is a currency? It was once, but not today, its an asset. Just because bitcoin was intended as cash/currency system that does not mean it is today. Or put it another way, would you use bitcoin to pay for your takeaway, fix the car or weekly shopping, when it could be worth 10-20% more by the end of the week, double by the end of the year? Likewise would you as a vendor accept and hold bitcoin when it could be worth 10-20% less by the end of the week, half the end of the year?
I'm unclear how the cited professor defines some of the concepts, because I can price and trade gold or silver, and I can invest in $ or £ by holding on interest bearing deposit (not that i'd get much
). So seem this is a very thin, semantic argument made for publicity. moreover, while gold and silver lost its function as a currency, it retains its function as an asset because it has a history of thousands of yars of being there around people, and it has some other uses, mainly it is used for jewelry craftmanship (and in electronics).
The same cannot be said of bitcoin. It has no other uses and no history. So if bitcoin fails to be a currency, it will shortly stop being an asset, too.
So while I agree that objectives of bitcoin went sideways long ago, I think we can only hope for that they come back. Lightning Network gives such hopes for instance.
Well, here in my country, I look at it more as an asset kinda like stocks. It helps me grow my portfolio and I have never used bitcoin as means of payment here. I always convert bitcoin to fiat whenever I need to pay for some products or services. But I would also look forward for bitcoin to be a currency here in my country since the bank system is very limited and hindered most of my emergency transactions.
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