Topic: Is bitcoin an asset or a currency? - page 32. (Read 3630 times)
Bitcoin may become a currency in future, but at present for me its a volatile assets.......
There is no doubt that Bitcoin is a kind of asset like Gold or Silver. This is due to Bitcoin has own value, and its price increase every day
Asset most likely due to it growing in price. I wouldn't be spending it as a currency anytime soon.
It is somewhat a currency because it is used to buy some goods and others. It is asset when you hold it in a longer time and when the value is increase it is advantage for your investment.
I know it is clearly and explicitly stated in the white paper that "bitcoin is a peer-to-peer electronic cash system" but I see it in a shade different from that. Much more than that. For me bitcoin is a " currenasset" and that is a combination of the functionality of a currency and that of an asset. It works as a medium of payment and at the same time it appreciates over time like an asset.
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For me bitcoin is not totally a currency because it has no stable value. Rather it is an asset that can be trade like gold or silver that we're hoping to increase its value in the market so that we can earn allot of profit.
Bitcoin is both an asset and a currency. But, it is a volatile asset because its value is unpredictable. It is not just a currency but it is a cryptocurrency which is digital.
I see it currently as an asset but an asset used for bartering...i.e. I'll give you X if you give me Y. Not unlike gold was, or sea shells in the pacific islands.
Over time as more people accept it as a form of payment then it will move into a mainstream currency. So if you're a merchant, accept some form of crypto as payment and all this will happen a lot quicker.
Over time as more people accept it as a form of payment then it will move into a mainstream currency. So if you're a merchant, accept some form of crypto as payment and all this will happen a lot quicker.
I think it could be both, because bitcoin is a virtual currency. This excellent existence is used by many people including me to be an asset. Can not be denied that this bitcoin is very promising.
bitcoin can be regarded as both currency and an asset depending on how one make use of it, trading with in day in day out make it a currency and hodl for awhile makes it an asset because of the way it accrues in value
Bitcoin for me is a kind of intangible asset because you can use it to invest,to earn a lot of money.But i think it is also a currency but only use online,unlike other type of currency we used.
Many countries consider bitcoin as an asset, I don't know why they do that. Bitcoin is more apropriated to be currency rather than an asset.
bitcoin is a currency but the ability of controlling it at your own dispense makes it a huge asset that you can use to get things easily as the value keeps rising so I can say bitcoin is a currency and an asset at the same time
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 neither an asset nor a currency!
Bitcoin is an asset because it can produce value and can be converted into cash. It can be short-term ot long-term investment and it can also be traded in the crypto market with other crypto currencies or with USD.
Bitcoin is also a currency in digital form and can also be use as medium of exchange. It is also a recognized stores of value and can be traded online. Bitcoin is said to be the future worldwide currency. Many people believe that it can overcome the fiat monetary system. Those are just speculations and have no assurance but based on the history of Bitcoin, it is not impossible to happen.
Bitcoin is an asset because it can produce value and can be converted into cash. It can be short-term ot long-term investment and it can also be traded in the crypto market with other crypto currencies or with USD.
Bitcoin is also a currency in digital form and can also be use as medium of exchange. It is also a recognized stores of value and can be traded online. Bitcoin is said to be the future worldwide currency. Many people believe that it can overcome the fiat monetary system. Those are just speculations and have no assurance but based on the history of Bitcoin, it is not impossible to happen.
we all know that bitcoins are created for the newest currency but in fact bitcoin is used as an asset because of the value of the sale of bitcoin has a significant price at the end of 2017 so it is no wonder if some people assume that bitcoin as an asset depends on the perception of the person
It’s very good question about bitcoin, My opinion about bitcoins is: it’s not currency it’s an asset. Because currency need to be approved by authorities of currency exchange office. And bitcoin is not one of them.
I thought bitcoin as cryptocurrency where btc it as one of the latest payment methods to facilitate the conduct of transactions quickly, easily, and safely. especially bitcoin payment has been received in some countries such as japan, thailand, and indonesia in bali
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
It depends on how will you use your bitcoins. If you want to buy bitcoins to hold it and wait for years to pass and expects that its price will come up, then it is an asset for you. If you are using bitcoin to buy things online or transacting uour business with the use of bitcoin for payments, then it is currency.
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