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Topic: Is bitcoin an asset or a currency? - page 33. (Read 3630 times)

newbie
Activity: 42
Merit: 0
November 20, 2017, 02:33:13 PM
#73
A lot of cryptocurrency are now emerging and the originals are bitcoin. I can considered it both an asset and a currency. An asset because as the value rises you are getting bigger conversions compared to how much you bought it as start-up. Currency because more and more merchants are accepting it as form of payment online. It is indeed good to invest on cryptocurrencies. One of the best is Ethereum. It has proven both great in security and value. You can check out more of it's information at www.propthereum.io
full member
Activity: 728
Merit: 101
November 10, 2017, 05:17:07 PM
#72
That's an easy question, I think bitcoin is an asset. But some people think of it as virtual money, but it's fine. We have an opinion of each.
hero member
Activity: 806
Merit: 507
Trusted Campaign manager
November 10, 2017, 04:20:29 PM
#71
According to me, bitcoin is primarily a currency but by bitcoin currency can make assets, so both are interrelated to each other. 
well you mean that bitcoin is currency so that is why it is asset?, well it is clear that assets are in the form of currency or any other investment, bitcoin is currency as well as investment of people, so definitely it is more asset then currency.
member
Activity: 210
Merit: 10
The P2P Marketplace For Digital Content
November 10, 2017, 12:02:31 PM
#70
it is very hard for us and governments nowaday to distinguish bitcoin is an asset or currency, because we use bitcoin as a currency for trading and investment online, however we also use bitcoin as asset to buy things and food for our life
full member
Activity: 420
Merit: 110
November 10, 2017, 11:54:46 AM
#69

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 was inaugrated and found to be a currency but I think its tremendously increasing value along with high fees has made it a mere asset.
sr. member
Activity: 357
Merit: 250
November 10, 2017, 11:52:20 AM
#68

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

We all know that bitcoins posses dual nature as a currency and as an asset also.
Yeah, the number of people using it as an asset is larger than that who use it as an digital crypto currency. But it is important to know that if companies like Microsoft and dell use btc as a mode of payment then it is surely a heck of a currency, no one can ignore the fact that it has the potential to replace fiat .

It is a currency for those who use it on steam, or any other place to buy things or just different altcoins as an asset .
& Then it is an asset to those who hold them hoping to increase in future which it always is.
member
Activity: 72
Merit: 10
Crypto Evangelist
November 10, 2017, 11:46:30 AM
#67
Until we see a growth in adoption by industries e.g. e-commerce; BTC is more of an asset from my perspective.
I see a great future for BTC and hope it becomes a currency standard.
sr. member
Activity: 546
Merit: 250
November 10, 2017, 11:44:54 AM
#66
Bitcoin is an asset for those who know about cryptocurrency. Bitcoin can be use as currency but it should be hold and make it an asset for future because the world is involving in bitcoins more then any other crypto alts.
sr. member
Activity: 254
Merit: 250
https://www.soar.earth/
November 10, 2017, 11:41:06 AM
#65
There is no doubt that Bitcoin is a kind of asset now. Unless, the price is stable, people will store for profit.
jr. member
Activity: 49
Merit: 10
November 10, 2017, 11:36:08 AM
#64
What I Understand is In long term bitcoin be consider as asset because the rate which appreciating is very positive so in near future it will be very big asset for those who holding Bitcoin. There is no doubt Bitcoin is currency (cryptocurrency) the thing is we are started now to use is in our day to day life this usage will sure increase very near future that means it is currency only.
Both is an asset and currency. Bitcoin helps you to earn money,  money is use to buy a property to become your assets thats why its partner. Bitcoin helps you a lot to earn money, the money to become your assets.
hero member
Activity: 1273
Merit: 507
November 10, 2017, 11:25:55 AM
#62
It can also be asset because you can store it and when it comes to the time you can sell it at high value. It can also be a currencies because we use it as payment for services or online stores that accept Bitcoins as a form of payment. The higher the chance is that it is considered an asset because of its higher price because of the higher earning a person can hold it for a long time. So others consider it an asset
full member
Activity: 420
Merit: 102
Arianee:Smart-link Connecting Owners,Assets,Brands
November 10, 2017, 11:23:51 AM
#61
According to me, bitcoin is primarily a currency but by bitcoin currency can make assets, so both are interrelated to each other. 
full member
Activity: 182
Merit: 120
November 10, 2017, 10:53:15 AM
#60
I think bitcoin is more of an asset/investment rather than a currency. In my opinion it cannot be treated as a currency due to the value's instability that a country cannot rely on it. It is an asset due to its ability to appreciate in time that when you invest on it you can expect a hight return of investment.
hero member
Activity: 826
Merit: 518
November 10, 2017, 10:45:36 AM
#59

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, its depend how you will used it because some people prefer to used it as asset than currency. In addition to that, I prefer to used it as currency where I can buy some stuff by using it. Lastly, I think bitcoin will become our world currency where it will accept in all kind of transactions.

Yeah you are right it will be depend on how we use it we can pay bitcoin as a mode of payment and also we can hold it for long time to get a high profits like assets.I am seeing it as asset because i think it will make my future rich if i simply hold the bitcoins.And panned to to mining also make mt earnings more but feared that the miners receive less rewards nowadays.
full member
Activity: 574
Merit: 100
November 10, 2017, 10:40:57 AM
#58

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 bitcoin be both because, the assets can be digital currency like bitcoin in the academy environment there are still many people who do not know the benefits of picking and playing bitcoin therefore they still do not agree.
member
Activity: 162
Merit: 14
November 10, 2017, 10:37:26 AM
#57
bitcoin is both for me.I used it for asset also use as a currency.when i hold bitcoin it is asset for me.
sr. member
Activity: 812
Merit: 250
November 10, 2017, 10:25:38 AM
#56

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, its depend how you will used it because some people prefer to used it as asset than currency. In addition to that, I prefer to used it as currency where I can buy some stuff by using it. Lastly, I think bitcoin will become our world currency where it will accept in all kind of transactions.
drm
legendary
Activity: 1176
Merit: 1005
November 10, 2017, 10:18:24 AM
#55
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.
In my opinion, bitcoin maybe is considered as a payment method but not asset now Smiley.. U can trade, send, and give bitcoin and they now depend on USD or some "currency".. We determind "asset value" by BTC not BTC value = anything like Gold, Silver, Oil... Smiley
For me, bitcoin belongs to both. It is a virtual currency or an electronics money and it is also an asset, if the bitcoin is not yet in your wallet so its right to call it as a currency circulated over the internet and if the time comes that you already earned, buy or generally you own bitcoin then it will become an asset, as we know that asset are those everything that has a precious value and can be convertible to cash.
Definitely right.Bitcoin is considered the top leading digital currency,but it doesn't stop there.Bitcoin nowadays is more on an asset or an investment as many people are craving for it to earn even only one bitcoin.Its value is definitely much higher than the value of gold,plus the fact that its market price keeps on increasing making it reached almost $10k before the end of this year.

Have you ever seen a major currency or payment system that scales as badly as bitcoin? That has such high fee's for microtransactions?
Bitcoin is imho not a currency no more, not in it's current state.
full member
Activity: 252
Merit: 102
November 10, 2017, 10:15:35 AM
#54
how to stabilize btc while the demand is getting more and more years ?, an item more and more are looking for the price will also rise, just like bitcoin. and bitcoin printed only 21 million
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