Is Bitcoin Really A Currency or An Asset? - page 12.

pekingcoepo

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Quote from: valucash on September 06, 2017, 09:48:36 AM

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?

The growth of the value of Bitcoin against fiat currency or official currency issued by a country can be said to be fantastic, even the current value of Bitcoin beats the price of Gold per ounce.

Bitcoin is not very suitable to be used as a means of exchange of payment or money, because the change in value on increase and decrease has a big difference. Value Stability - one of the absolute conditions that money must have as a medium of exchange is not owned by Bitcoin. In addition, the increase in transaction file size and also the increase in the value of Bitcoin is equal to the increase or increase in the transfer fee. We can no longer expect cheap and cheaper transfer fees, because with the increase in Bitcoin's price equals the increase in fees for confirmation.

roadbits

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Quote from: Aztek on September 06, 2017, 12:11:56 PM

Quote from: mobnepal on September 06, 2017, 10:11:41 AM

I treat bitcoin as both currency and an asset but yes it is true that many people consider bitcoin as profitable investment opportunity with moderate risk of loss.

Looking at trading chart for bitcoin, anyone can notice how much profitable it is to just buy and hold bitcoin rather than spending in daily basis.

Treating bitcoin as both a currency and a asset if actually the best thing we could do to earn more at the same time have a partial floor it in terms of our trading , investments and transactions.

For me right now the Bitcoin is an asset to make my future bright. I don't treat this as currency and use it for silly things. If i required money, then i will use it as currency. But for a long time, i will keep bitcoins as an asset. I believe instead of investing in any land if we invest in bitcoins we can earn a big profit in short time.

Aztek

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Quote from: mobnepal on September 06, 2017, 10:11:41 AM

I treat bitcoin as both currency and an asset but yes it is true that many people consider bitcoin as profitable investment opportunity with moderate risk of loss.

Looking at trading chart for bitcoin, anyone can notice how much profitable it is to just buy and hold bitcoin rather than spending in daily basis.

Treating bitcoin as both a currency and a asset if actually the best thing we could do to earn more at the same time have a partial floor it in terms of our trading , investments and transactions.

CODE200

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Quote from: deddod on September 06, 2017, 10:30:58 AM

Quote from: valucash on September 06, 2017, 09:48:36 AM

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 am the person who thinks that Bitcoin is an asset because the price movement is increasing rapidly.
maybe what is meant by "bitcoin replace fiat" is people more interested to make money from bitcoin not with fiat anymore.

It is not a bad thing to consider bitcoin as an asset becasue it actually have a asset characteristic that could help people on earning and could give people an opportunity to have a profit out of their money. But for me I would rather take bitcoin as both a currency for transaction and an asset for my investment and tradings.

SONG GEET

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Bitcoin is digital gold and we are in digital gold rush where everybody want to grab some bitcoin because its supply is limited and people are storing them just like gold rather than spending them on daily life. I am also just buying bitcoin and saving for my future and don't like to loss by just using it in stores. Grin

CarnagexD

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Quote from: Sullivan456 on September 06, 2017, 10:10:40 AM

Quote from: valucash on September 06, 2017, 09:48:36 AM

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 is both a currency and an asset that generates a lot of profits for you.

It depends on the most of the point for people. Because there are a lot of different types of usage of Bitcoin in terms of transaction, investments and trading. But for me it could be better if we will look at bitcoin as same as a currency and an asset that could help us to earn.

rockingdrip

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You can still buy things with it trade with it so it still have the properties of currencies and you can use it as assets also . This make btv unique from anything else.

skorupi17

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Quote from: valucash on September 06, 2017, 09:48:36 AM

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?

When we are talking about what Bitcoin really is, then it is a currency. That is the way the inventor made it. However, its nature forced it to be an asset. That is the reason Bitcoin is behaving more like an asset than a currency. We cannot neglect the fact that Bitcoin is still used as a currency for payment. Though others hold then like an asset, Bitcoin is still a currency. So in a way, we can say that Bitcoin has a currency-asset nature.

NewBet

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It is both. I am quite certain fiat is considered an asset. And so is Gold. Therefore since Bitcoin is like virtual gold and has value, then it is both a currency and an asset. Are you asking this for your taxes? Tongue

edynolan

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you already said that bitcoin is a crypto currency just different from the fiat currency where the price never changes but bitcoin in just a few hours the price may change, so some people menyimpnnya as an asset for their future because the possibility of bitcoin prices will increase

hitchhiker

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A currency is a financial instrument that transports value.
An asset is any instrument / thing / object you keep hold of that's useful to you.

Therefore BTC can be both, depending on what you use it for.

evilgreed

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Quote from: BrewMaster on September 06, 2017, 10:15:58 AM

the correct answer is that bitcoin is whatever you want it to be

if you want bitcoin as an asset you can see it as an asset and hold your money in it safe and sound for long term and also make profit while doing it. a huge profit i should add.

if you want bitcoin as a currency then you can see it as a currency and use it easily with the sped of light (a couple of seconds to send and receive and 10 minutes on average for confirmation) and in the safest manner possible to this day and on top of it all you can use bitcoin keeping your privacy.

Yeah that was totally right! Only on how you see it and in your own point of view matters, although bitcoin can be considered both, lets just say they are both it is really a currency, at the same time also it is an asset or an investment to begin with. The question is that how you differentiate it? Obviously its your choice to made if what is your approach and how are you going to use it, others prefer it as investment while the other used it as their payment currency for what they bought.

Beerwizzard

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It is designed to be a currency and asset like gold at the same time. But as we see we can hardly buy something using bitcoin. Now it is something like a "geek currency" and used by most part of the community as an asset for investments or speculations.

notyours

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These can be called currencies because we buy food and others. It can also be assets such as gold and houses, land. and so on we can handle it and sell it at high value.

Now the BTC is assets for me because I am waiting for its highest price next year and replacing fiat moneys. To make my parents home

SUDARMONO

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I think it's possible that the use of money is for transactional tools, you can see for yourself that bitcoin can be for transactions in store stores that provide payment with bitcoin, and more we encounter in the online store, the crowd hold bitcoin because bitcoin is used as an asset a very profitable investment because the price continues to rise like gold and bitcoin even more practical than gold, because its properties can be taken anywhere as long as there are devices and internet network, do not have to bother to take and save like gold, that's why many people which uses bitcoin as an investment.

deddod

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Quote from: valucash on September 06, 2017, 09:48:36 AM

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 am the person who thinks that Bitcoin is an asset because the price movement is increasing rapidly.
maybe what is meant by "bitcoin replace fiat" is people more interested to make money from bitcoin not with fiat anymore.

rezurect

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It is both but if we look at the transaction speeds at the moment, they aren't really suitable for a currency.
Not to mention the transaction fee's..right now.

I think btc is used as an investment vehicle too much at the moment for it to be a real currency,,,even though it can act like it.
Years ago when everyone was handing out BTC, then it felt more like a currency then it does now.

kotajikikox

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Quote from: valucash on September 06, 2017, 09:48:36 AM

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?

saving or holding of bitcoin thats asset for the future, bitcoin is new edge of currency as decentralized cryptocurrency using internet connection, btc currency control by the new technology as currency and have potential to become most popular currency all over the world.

eternalgloom

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Both are true, but if you look at the current situation, it seems like its use as a currency has perhaps seen better days.
Especially for smaller transactions, it's kinda silly to pay 2 or 3 dollar fees. Also the volatility in general aren't great for Bitcoin's day to day use as a currency.

crismass1225

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in my opinion bitcoin is both Currency and Asset.
Currency- you can buy stuff and paybills using bitcoin so it is considered as a currency
Asset- as it increase it value over time when you just hold it up. Gold-like features.

so in this case you can treat bitcoin as your asset or currency depends on how you spend it and see it. but most people right now they treat bitcoin as an asset as people are buying bitcoin and holding it then waiting the price to increase which most investor see it a one good way to invest.

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