Bitcoin is a digital currency. It can only be considered as an asset when they try to hold it rather than spending it. When you try to invest it,it will now be considered as an asset. People tend to keep it because the exchange is favorable.
Topic: Is Bitcoin Really A Currency or An Asset? (Read 4206 times)
Bitcoin is a currency and an asset too. Both are the means of income. If you deal bitcoin as a currency, then it is a currency. If someone realizes bitcoin as an asset, then it is an asset. Anyhow what really bitcoin is not an issue the purpose is making more and more money. You should not think what really it is, you should think bitcoin will give you profit or it is just a waste of time.
I prefer to use bitcoin as a means for long-term contribution. So far I see in this more prospects for enrichment. However, the time will come, and we will be able to use bitcoin on a par with dollars and other customary currencies. While most use bitcoin as a means of earning in the short or long term, because it is very convenient and profitable.
indeed, in fact many bitcoin owners prefer to withhold bitcoin rather than spend it,
but it's their way of enriching themselves because seeing the ever-rising bitcoin price keeps many people tempted to hold it,
because there will be more benefits there.
but it's their way of enriching themselves because seeing the ever-rising bitcoin price keeps many people tempted to hold it,
because there will be more benefits there.
Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
Yes, bitcoin is an asset for the future. I was saving in bitcoin, holding and waiting until the price exploded. and I will benefit. because bitcoin has become my future asset.
It is both a currency and an asset. The price inflates and the use of bitcoin grows at the same time.
Maybe in some countries bitcoin can be used as a currency to legitimize government regulations, but in my country when the government forbids bitcoin to be a tool for transactions, some people in my country only make Bitcoin for long-term investments. .
Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
Bitcoin can be used as currencie as can be used as asset, Venezuela is considering legalize bitcoin, because they will be able to acess more dollars, that is a stable currencie for a country with soo many issues as hyperflation. I do use bitcoin as currencie to pay some bills, to buy some things as well, but im saving some because i know its potencial. A lot lifes had changed due to bitcoin, and well it can be used as currencie, store of value, payment processor, this are the mains things that bitcoin is good for.
To my mind, it depends on how one would use bitcoin. For everyday transactions in crypto, it serves as a currency. For keeping it in a long period of time and use as a long term investment, it is consider an asset.
depending on you, if you save it then it will be a very valuable asset later on but if you intend to use it for shopping and trading then that means currency. I use both of my bitcoins
I think BTC is a currency by far. With Salt lending it could become an Asset. By default a currency.
Both. It's a currecny and an asset. Just like the fiat money, cash on hand and cash in banks are both assets. Same with BTC. Coins on your hot wallet and cold storage are both assets.
Due to you can use the bitcoin to have transaction on the internet like you can , in some way it can be seen as the asset, I hope in the future people can use bitcoin to buy things in the supermarket,ect.
Bitcoin could be considered as asset and currency. Bitcoin can be traded into other forms of coins and it also considered as currency because we can used it to buy things and used as payment in some bills. And some of my bitcoins are traded into our local currency, since it is not accepted as a payment in local purchases.
for me bitcoin is an asset not currency for buy a things. I don't want used bitcoin for pay something.
I just using bitcoin for earn profit
I just using bitcoin for earn profit
Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
bitcoin indeed as an asset, because it is very good for investment but bitcoin also as a very profitable exchange tool because the price is high so surely people will collect it a lot and wait time to sell it
Based on what I read online although I don't know if it's true or not, Some countries develop bitcoin taxation rules, like America, Australia, EU, UK, Japan etc., some of them considers BTC as an asset-like value, others considers it as a currency. It all depends on your Jurisdiction, try checking your countries rules (if they had) just to make sure.
I still believe that bitcoin is more of an asset than a currency. Currency is considered to be funds that can be paid off-line, in supermarkets, restaurants, car refueling and the like. But still I think that in the future bitcoin will reach the level of the fiat currency. That's when the fun begins.
Couldn't agree more
I still believe that bitcoin is more of an asset than a currency. Currency is considered to be funds that can be paid off-line, in supermarkets, restaurants, car refueling and the like. But still I think that in the future bitcoin will reach the level of the fiat currency. That's when the fun begins.
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