Topic: Is bitcoin an asset or a currency? - page 35. (Read 3630 times)
for the original title bitcoin is the digital currency or electronic money. the value that keeps increasing from year to year makes some people and including me think bitcoin is also an asset, because it can be stored in a long time to get bigger profit. and I personally think bitcoin is a future asset.
I've thought about it and it could be an asset. An asset is something you sit on and generates income and thats what bitcoin is effectively doing by holding.
Yes bitcoin is an asset. if we call shares is an asset then bitcoins is also an asset. this will give profit in a long term.If some one want to keep bitcoin for long years can be consider as asset and if the want to keep bitcoin as short time purpose it is consider as currency only. So my point of view is bitcoin is both asset as well as currency.
we use bitcoin can be an asset and can be money, both of which can happen with what we want. if we use bitcoin as an asset by storing it. I've thought about it and it could be an asset. An asset is something you sit on and generates income and thats what bitcoin is effectively doing by holding.
Yes bitcoin is an asset. if we call shares is an asset then bitcoins is also an asset. this will give profit in a long term. 
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
Stabilize for whom? Merchants? Most merchants are using Payment processors and they convert the bitcoins received, directly
to fiat as pre-arranged with these merchants. So the volatility does not affect the merchants at all, when they use these
payment processors. Bitcoin is both a store of value {asset} and also a currency... like gold, but just better and quicker.
Bitcoin is both a currency and an asset because the classification of bitcoin falls on both categories a bitcoin is a currency because it is use as a mode of payment for something acquired also bitcoin is an asset because cash or fiat is an ownership called asset as holding bitcoin as an investment will even classified it as an long term investment or asset.
Nowadays, bitcoin as use bitcoin as investment because its volatility. So i think it doesn't have profitable as medium of exchange because one of the requirement of currency is having a stable price even though bitcoin was made with the purpose of being an alternative worldwide currency. Maybe you can read more opinions in threads below :
https://bitcointalksearch.org/topic/bitcoin-is-an-asset-or-currency-2280830
and
https://bitcointalksearch.org/topic/is-bitcoin-a-currency-or-asset-2099175
https://bitcointalksearch.org/topic/bitcoin-is-an-asset-or-currency-2280830
and
https://bitcointalksearch.org/topic/is-bitcoin-a-currency-or-asset-2099175
I've thought about it and it could be an asset. An asset is something you sit on and generates income and thats what bitcoin is effectively doing by holding.
If some one want to keep bitcoin for long years can be consider as asset and if the want to keep bitcoin as short time purpose it is consider as currency only. So my point of view is bitcoin is both asset as well as currency.
bitcoin have double functions, as an asset and a digital currency. But the fact is bitcoin is still used more for investment and not as a medium of exchange. Because it takes a lot of adaptation from many companies and businesses, so bitcoin can be used more as a medium of exchange by people
In my opinion it is both. It is used as an asset for trading and investing now and it will become a strong currency, if the technology will be appear in the next years. Some would say it will not happen, but history told us, that plastic money has a difficult past too.
In the initial thousands years ago, Kings and Kingdom where the currency is gold and silver which are now our assets. So talking about bitcoins we can not predict where it may go. It may be go down. Or it may be increased. But I think bitcoin is now currency in which you can invest also. And you can make money out of it. Bitcoin prices are increasing daily. And it has already crossed a price of $6000 so you never predict what will next in case of bitcoin. Bitcoins is a currency for me. Which have its own benefits and faults.
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.c[Suspicious link removed]m/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html
Booth bitcoin is an asset and currency in crypto world.bitcoin can be use as a wealth or an asset that you can give your children for their future,and also a currency that you can used to spend for daily needs or paying bills.
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.
I think that it can go with both! Since even currencies are assets that are fast reliable and usable
I can consider bitcoin both a currency and an asset. When you convert assets value into money it becomes a currency so that bitcoin is indeed an asset ofcourse to anyone who has them and stores them. And it is a currency because it can be use in such transactions as well as where to real money is used. That is why i consider bitcoin to be both an asset and a currency.
Bitcoin is both asset and currency but it is true that bitcoin is still not a legal currency in any part of the world. Also In some of the countries where bitcoin have got legal status as only asset and not as currency.
But many people are also using bitcoin just as currency to pay for their daily expenses wherever they will find merchants accepting bitcoin payments.
But many people are also using bitcoin just as currency to pay for their daily expenses wherever they will find merchants accepting bitcoin payments.
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. Since some people have stock of bitcoin and keep it stored, we can call that asset because they do not trade it and treat it like part of its patrimony. We see everyday people in crypto world becoming
millionaires because they have like 1000 Bitcoins kept and I say they're crypto millionaires. But in the general bitcoin is a currency.
For me i consider bitcoin both an asset and a currency. Well i know that bitcoin is really intended to be a currency, well it is really a currency yes, because it can be used to buy things or it can used like a real money. But I consider it as an asset if you have some and if you have some stored in whatever wallet you have. millionaires because they have like 1000 Bitcoins kept and I say they're crypto millionaires. But in the general bitcoin is a currency.
Same thing is being asked over and over again. It's both okay, don't need to argue, bitcoin is both currency and asset can that make sense?
Bitcoin is more than asset, and bitcoin is more than currency then its both.
Bitcoin is more than asset, and bitcoin is more than currency then its both.
I think that it can go with both! Since even currencies are assets that are fast reliable and usable
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