Topic: Is Bitcoin Really A Currency or An Asset? - page 11. (Read 4206 times)
In my opinion, is both, and its value continues to increase over time. It helps people's lives better
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?
Well in my opinion, bitcoin is a currency . It posses the properties of a flat currency like dollars. You can use bitcoin to pay for the services that you needed specially online and accept it as payment for service you rendered. Like flat currency bitcoin can become an asset, because of its volatility why many people consider it as an investment but in reality , this characteristic of bitcoin also applies to flat currency.
In my opinion, bitcoin is a crypto currency, but when viewed from rising prices, most of them use bitcoin as an asset, I personally make bitcoin as an asset, I rarely use it to buy something with bitcoin, I prefer to keep it, and most people make bitcoin as an investment place because it can be a lucrative opportunity, the growth and bitcoin values are very good maybe that's what makes them make bitcoin assets.
I agree with both. I am holding it for over a year as an asset. Nobody does that with the dollar, the dollar inflates itself and is just used to pay for stuff. but I could also use bitcoin to pay for stuff too
Bitcoin is a currency because it is a digital money that can purchase a thing. And it is also an asset because it is part of your property thus Bitcoin is both currency and asset.
Technically bitcoin is a cryptocurrency but bitcoin behaves like an asset and more people buying it as an asset because it believes it will appreciates in the future. Well we cant blame them,because as what we observe...bitcoin continue to rise from the beginning.
In short bitcoin is a currency that has been continuing to rise its value in a certain way can be associated as a asset where people can easily earn money by just holding unto it. It also works to any crytocurrency out such as eth, waves, doge and many more. But bitcoin is most used one so the change of price of is mostly upwards.
Technically bitcoin is a cryptocurrency but bitcoin behaves like an asset and more people buying it as an asset because it believes it will appreciates in the future. Well we cant blame them,because as what we observe...bitcoin continue to rise from the beginning.
In economic terms, asset is something that generates money for you. So yes, bitcoin is an asset. And it is definitely a currency, a cryptocurrency specifically.
There's nothing wrong if a large number of user prefer to hold rather than spend. Seeing how fast the value of btc rise, it would be stupid not to take the opportunity.
There's nothing wrong if a large number of user prefer to hold rather than spend. Seeing how fast the value of btc rise, it would be stupid not to take the opportunity.
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?
I see bitcoin as an asset because i've never use it for buying something. I just use bitcoin like a gold, that I believe someday ,it's price will give me big profits by keep holding. Bitcoin is a crypto currency, but it still unknown for most of people in the world, So you can't use it everywhere to buying goods or services, its services just provided in some country.
Presently Bitcoin is an asset, and secondly a currency,being an asset is the reason why every on with it try to reserve part of there bitcoin, A currency now because it is now accepted as a means of transaction in the global world, because of the advantage of clearity and speed in the transaction.
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?
I can say that bitcoin is a crypto currency , but with its fluctuation , people also using it as an investment or asset that someday they can earn huge profit with it. We are luckly to know about crypto currency technology because we can use it to smalling the difficulty of transaction to one another in whole country, we can also use it for investment by holding it long term. So I think Bitcoin are both of it.
Bitcoin started out as a crypto currency and always will be. However, because of the potential that people saw in bitcoin and the possibility of investment with high profits, people tend to look at it as an asset at the same time. Undeniably, the bigger the amount of bitcoin you have, the richer you are and this is because of the value that bitcoin holds. Because people saw the possibility of gaining more and more money from holding on to it rather than spending it.
Right now it is an asset. There would need to be many merchants, banks, and government agencies to start accepting bitcoin as a currency. It is basically a stock in the bitcoin and eventually banking on one day everyone world wide would use bitcoin as a means of payment.
Both, it is up to you if you save it, or spend it. but most of the traders prefer to save their bitcoin for their future (asset) very few people use it to shop online and buy stuff on the internet using bitcoin. and some sell their bitcoin if they already profit from it, and buy some when the price is a little low.
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 is a currency by nature but also a great investment asset for the long term investors. It initially projected the dream of a decentralized economy and got immense popularity from around the world. However, seeing a growth, a segment of people like me started earning and saving bitcoin for future use.
I have always treated bitcoin as a great asset for investment and still considering the same. I have been earning and saving bitcoin since last two years for my future. I am sure, bitcoin price will reach to an unimaginable height within next 5 years and then I will be able to sell a portion of my holding to get some good profit out of it.
I back the opinions expressed by all the other members. Yes bitcoin serves both as a currency and an asset. In fact it's one quality of bitcoin which is unmatched and can't be possessed ever by fiat. It is rightly said that bitcoin is a digital gold and has the potential to replace dollar. So I am of the opinion that bitcoin is both a currency and an asset too. Having said that I would also like to add that it doesn't require any argument to prove whether bitcoin is just a currency or an asset or both, the use of bitcoin both as currency and asset by majority of bitcoin users itself is a proof that it serves both the purposes.
Both, you can use bitcoin like FIAT money for buying anything, and selling transaction with bitcoin. And you can save your bitcoin like a gold.
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?
It's both.This question has been answered several times, but still I am eager to answer back. Bitcoin is an asset. With its features it functions as a currency. Though it ca not actually conquer FIAT.
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?
It's both. The fact that people like to hold it more than spend it doesn't negate it's currency-like features.
People can buy stuff with Bitcoin, so how it cannot be a currency?
depending on one's perception. I think everyone has its own judgment.
for me, bitcoin is a virtual currency that can help me get rich. yes the asset is filling. in terms of ekomoni and as a means of payment. very profitable.
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