Is Bitcoin Really A Currency or An Asset? - page 2.

sunno330

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Quote from: Beerwizzard on September 06, 2017, 12:02:34 PM

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.

Bitcoin is more Value than gold. it much more and more value, this is world currency.
Which can calleed you mother of alt coin. Anybody can't think any type of coin without bitcoin.

GendalfTheFireRed

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Bitcoin is valuable for being a currency, so it's a currency. There is a component of long-term investment currently, but people invest in other currencies in a similar way and this does not make them something else.

bitbunnny

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Bitcoin can be both of these, depending on how you use it, and that is the part of its charm. In some countries where Bitcoin is regulated that depends on the definition that government has provide. I use is mostly as currency because that suits me the best but many users look at Bitcoin as an asset for long term investing and basis for the profit.

Gotumoot

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The bitcoins, For me it is an asset because it is my long held and I hope that it will rise in value. But we can not say that assets because bitcoins also use our daily necessities such as buying food and more. So for me the bitcoins are an asset in the same time as the currency

btcprospecter

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Really bitcoin is a currency and an asset while it is true many are holding as investment some are spending as such. In reality something doesn't have to be sold for full bitcoin it would be at whatever the exchange price is one hundred dollars is still one hundred dollars in bitcoin.

nmaryrai

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For me bitcoin is more of an asset than a fiat money substitute. Because until now I have not been able to use bitcoin to buy something in my country and usually I sell bitcoin that I have to buy my daily needs. So I will collect as much bitcoin as I possibly can until someday if my country government legalizes bitcoin I can use it in my daily life

mbelosto

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at some countries (like in israel) government treats bitcoin as asset, meaning you should pay taxes on rate profits every time you make transaction same as stock market
at other place it's considered currency as it should and it makes things much easier

newlone

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Quote from: valucash on September 06, 2017, 10:48:36 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 use bitcoin and I treat it as a currency because I can use it to buy the stuff I want so why is it the property?

ghost424

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Bitcoin is both a currency and an asset. If youre talking about asset, i guess bitcoin is really one of them. You can transform bitcoin into cash which is very good because you got bitcoin through the internet. Cryptocurrency is becoming a tread which is good because it is very revolutionary and one of the key in advancement of technology. There are no reports of cryptocurrency being hacked and that means that the security of these types of currency is very good. Unlike in banks, we got reports that banks got hacked and the money is transferred to an untraceable account which is very alarming to those owning bank accounts.

Bitcoin can be a capital in times of need. You can use it to start a business and all you did to have bitcoin is investing your time to gain it.

ashfer

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As per my point of view bitcoin is both currency as well as an asset .The main activity of bitcoins is that it is a medium of exchange due to its volatility,it can be considered as long term investment and an asset.It is also a currency but its value does not remain stable and its transaction processing is really slow.i see it as a great asset for the future as it generates income

DrYe5

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Quote from: nagiblem on October 10, 2017, 09:21:29 AM

Quote from: valucash on September 06, 2017, 10:48:36 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 think bitcoin is a currency (digital) but i dont think that it is capable from replacing fiat money in the market. That is true there atr companies who restrict the use of cigarettes at the public places.

In my opinion, if the bitcoin continues to grow as much as possible for a few minutes. It seems to me that in a few years, but it is possible. This solution is practical and more profitable for a highly developed country.

Andre_Goldman

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Property1of1OU

Quote from: valucash on September 06, 2017, 10:48:36 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 think money as an asset with high liquidity

Quote

Cash is the most liquid asset, while real estate, fine art and collectibles are all relatively illiquid.
http://www.investopedia.com/terms/l/liquidity.asp

nagiblem

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Quote from: valucash on September 06, 2017, 10:48:36 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 think bitcoin is a currency (digital) but i dont think that it is capable from replacing fiat money in the market. That is true there atr companies who restrict the use of cigarettes at the public places.

CryptoMDS

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Asset, storage of value. To become a currency needs to be easily accessible, tradable and used to acquire every type of goods with ease.

Iantot08

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I think Bitcoin work an asset it is because of in term of bitcoin it produce an income.It can be store safely. Bitcoin is also easily exchanged.
As a store of significant worth, Bitcoin is much more basic and secure than other genuine resources. Many organizations as of now regard Bitcoin as an asset. But Bitcoin can may be a currency
Bitcoin also has potential as a currency or maybe a ‘Global currency’. New companies have been created to allow Bitcoin to be used in a much more user-friendly way.As of now, asset or currency, Bitcoin remains volatile. Bitcoin is mostly asset because it can be convert to real money

PeRo

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It is both and you can pick how you want to use it. I would say it is mainly a currency because it is designed to be one. Fiat currencies would also be assets if they had prices like Bitcoin has. I use it as a cryptocurrency and I think it is not true that not much stuff can be bought with it, this is not 2010, you can buy pretty much anything with Bitcoins, it is just a bit harder than an average shopping.

ongels

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For me bitcoin are multipurpose, It could be used as currency esp, in trading. Wherein you have to buy and sell when you find good profit, You may also used btc as an assets because it increases its market value as the time pass by like gold and land property.

daserpent

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Why does it have be either a currency or an asset? Why can't you see its both!

What is gold? Its an asset as well as a currency (you can always trade gold for things).

DoublerHunter

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Quote from: mabell943 on October 10, 2017, 07:09:40 AM

i think its both.. it is currency and an asset for future use

That is right, bitcoin is an asset because you can buy it and hold it for a long time and the price of bitcoin will go up and that is when you are going to earn money or profit from your bitcoin and that is how assets work and you can also use it as a currency because you can use it to buy things online or even out from the internet world if the sellers agreed to a bitcoin payment.

mabell943

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i think its both.. it is currency and an asset for future use

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