Is bitcoin an asset or a currency? - page 34.

Kelvinid

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Quote from: zhelis74 on November 10, 2017, 10:52:52 AM

Quote from: GetOutOfMyLife on October 25, 2017, 03:01:36 PM

Quote from: nerijoyfy on October 25, 2017, 05:40:23 AM

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

.. 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...

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.

zhelis74

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Quote from: GetOutOfMyLife on October 25, 2017, 03:01:36 PM

Quote from: nerijoyfy on October 25, 2017, 05:40:23 AM

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

.. 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...

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.

landrizok

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Bitcoin is asset and currency,this currency an exchange.bitcoin works like currency when we want to make the transactions,and bitcoin acts like an asset when invest money on it.bitcoin creates new trend of digital currency.

Alice Nuttal

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Now, it’s more of an asset, if we speak about the legal aspects that we currently have. But, I think that it will change in some time. Although, Bitcoin and cryptocurrency is a trend, it is still in the minority, but I’m sure that in some time it will change, because the idea of money and currency will change. There won’t be a need to adapt cryptos as some assets in order to use them legally. They will be perceived as real money and currencies. Now, countries are not able to fundamentally change the definition of currency, but as the crypto industry grows, they will have to.

khanjan12

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Quote from: yamortsac on October 25, 2017, 09:09:02 AM

Well for me bitcoin is a currency because it can be used as mode of payment and many other transactions and when you invest in bitcoin you will earn more profit in the future that makes bitcoin an asset.

Bitcoin's intended purpose is as a medium of exchange but it may also be used as an asset and investment. ... Whether the evidence towards investment rather than currency and thus a medium of exchange is due to the volatility of Bitcoin is a matter for future research.

saif.shaikha

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Bitcoin as a concept is a digital currency in purist form, however unless it is accepted as a real mode of payment for buying stuff for our daily need it cannot be classified as currency in traditional sense of FIAT currencies.

We still have to go to exchanges to buy/sell bitcoins to get FIAT money to use. Therefore, bitcoin for now is just like any asset where you invest for future gains.

hacker1001101001

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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

I depends on the thinking and the need of people. some people need instant profit and want to use the profit for there daily need for the bitccoin is just a currency. But some people invest in bitcoin and want to get high returns in future for them it is like a asset as they wait for it price to increase and become rich in future.

andylowe

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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

For me, it serve as both. It can become an asset if someone hold it for long term so it can gain profit in the future. And it can also be used as a currency if you use it to pay digitally online.

BunnyShibe

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Quote from: arpon11 on October 25, 2017, 04:23:37 PM

Most of us seen bitcoin as an Assets and we tried to take advantage of it price increases to always buy at price correlation and sell at when we see the price pump up. However we have to see bitcoin as a currency as it was made to be from beginning. We need stability for the business men to be able to adopt bitcoin as a mode of payment. If we actually what to make money from it we can be doing what we are doing but if we what bitcoin to replace fiat currency then it most be stable and has value in itself.

Yes we are currently using bitcoin for getting profit from it, but I think it is also used as currency and specially for online purposes, I think that in future we will even be able to use bitcoin both for online as well as for offline purposes. but I think it will take a little more time, because currently the number of bitcoin users are not enough, and it can only be possible when the bitcoin users will increase more and more.

arpon11

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Most of us seen bitcoin as an Assets and we tried to take advantage of it price increases to always buy at price correlation and sell at when we see the price pump up. However we have to see bitcoin as a currency as it was made to be from beginning. We need stability for the business men to be able to adopt bitcoin as a mode of payment. If we actually what to make money from it we can be doing what we are doing but if we what bitcoin to replace fiat currency then it most be stable and has value in itself.

hurain

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Quote from: jimn on October 25, 2017, 12:31:58 PM

Basically Bitcoin is a currency, and it is in fact created to be a currency used to buy and sell things online and to make trades. But as its price keep increasing highly I believe it is also an asset, and could generate us good profit by holding it for long time.

The amount of money that we have is already our assets, therefore i think there is no doubt that bitcoin is both a currency as well as our assets. Although currently we are using bitcoin as for investment and trading, but in future we can expect that bitcoin will also be use as for currency for buying and selling things.

azril fauzan

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Can be said both.disatakan assets because if viewed from the value of its price always up from year to year, so some investors investing in bitcoin as assets.in say currency because in some countries have received bitcoin as a medium of payment transactions

Koadharber

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Quote from: Javathon on October 25, 2017, 02:56:27 PM

It is widely used as an asset than a currency given its great price appreciation over the years. But still there people who believes in the great increase in the price of bitcoin given its price as of today which gives a better look that bitcoin is considered as an asset than a currency.

When we are just basing on price increase then most people would really see this stuff as an asset which even myself do see this thing too rather than on currency.I would really strongly believe the ratio of people do treat bitcoin as an asset would really be high than on those who do said on currency thing but yet if bitcoin would even more to be considered then sooner or later it would really comes to a point that it would be always used.

GetOutOfMyLife

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Quote from: nerijoyfy on October 25, 2017, 05:40:23 AM

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

.. 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...

Javathon

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It is widely used as an asset than a currency given its great price appreciation over the years. But still there people who believes in the great increase in the price of bitcoin given its price as of today which gives a better look that bitcoin is considered as an asset than a currency.

cizatext

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To me bitcoin is more of an asset than currency, just like gold the value of bitcoin is even more then that of gold so bitcoin is an asset double as currency.

jimn

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Basically Bitcoin is a currency, and it is in fact created to be a currency used to buy and sell things online and to make trades. But as its price keep increasing highly I believe it is also an asset, and could generate us good profit by holding it for long time.

pentol86

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Borderless for People, Frictionless for Banks

bitcoin as an asset or currency, it depend from users. some people use bitcoin for asset, because they know this coin will more valuable soon. and for some users, bitcoin is currency, because easy use for transaction, fast, and sometimes more profitable.

Hannahanto

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Now the crypto currency bitcoin is considered as asset though it is used as currency for all purpose. As the value of bitcoin has grown too much and is still growing, people are buying and keeping bitcoins as like gold coins to see a good turnover in the future. So even i think of buying some bitcoins and other altcoins now.

bbs98

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satoshi nakamoto may never have thought how he could find a bitcoin could be a currency and an asset for the future,
then be thankful that you have a lot of Bitcoin because you have money and future assets that make you richer in the future..

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