What Type Of Asset Do You Think Bitcoin Is?

reflector

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Quote from: Phildo on March 30, 2018, 01:08:52 PM

Quote from: kfor01 on February 13, 2018, 03:17:54 AM

Bitcoin has certain characteristics that are similar to typical commodities, such as gold. Bitcoin also meets some requirements of the standard definition of a currency. Some argue that bitcoin is a security, or an investment contract with implicit or explicit ownership terms.
What Type Of Asset Do You Think Bitcoin Is? Commodity, Currency, Security, Perfect hedge?

Bitcoin is a new form of investment,
like gold it can be traded and become an exchange tool in the past, but also has a very good security and protection. Bitcoin is a revolution of finance and economics, even the bank officials and world financial institutions are anxious and being focus about it. Bitcoin is also a path that leads people to get rich and have business, thus helping the world’s economy.

Yeah to say exactly digital gold. Now we may do the huge investment on bitcoin or altcoins mate. There we will find the more potential with the all cryptos so investment will give the returns in high number of fiat cash.

I take bitcoin as best investment with the big potential of returns than the bank's interest, gold and property. It is beyond every option.
Since it is being a anonymous and hasslefree transaction through out the world with the cheap amount as a fee, This is how I take and use the bitcoins.

BITDV

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Quote from: kfor01 on February 13, 2018, 03:17:54 AM

Bitcoin has certain characteristics that are similar to typical commodities, such as gold. Bitcoin also meets some requirements of the standard definition of a currency. Some argue that bitcoin is a security, or an investment contract with implicit or explicit ownership terms.
What Type Of Asset Do You Think Bitcoin Is? Commodity, Currency, Security, Perfect hedge?

Bitcoin is the opening route of cryptocurrency revolution, transformation, and we are in it. Whatever great things we will face in the future, but the Bitcoin developers definitely did the best thing for Bitcoin survival, which I hope doesn’t siding on big corporate because Bitcoin is basically exists because of its solid community. Bitcoin created as a tool of exchange but in price rising fantastically, causing many people to speculate.

Phildo

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Quote from: kfor01 on February 13, 2018, 03:17:54 AM

Bitcoin has certain characteristics that are similar to typical commodities, such as gold. Bitcoin also meets some requirements of the standard definition of a currency. Some argue that bitcoin is a security, or an investment contract with implicit or explicit ownership terms.
What Type Of Asset Do You Think Bitcoin Is? Commodity, Currency, Security, Perfect hedge?

Bitcoin is a new form of investment,
like gold it can be traded and become an exchange tool in the past, but also has a very good security and protection. Bitcoin is a revolution of finance and economics, even the bank officials and world financial institutions are anxious and being focus about it. Bitcoin is also a path that leads people to get rich and have business, thus helping the world’s economy.

Kray

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Bitcoin is created as a tool of exchange and will still be the tool of exchange even though it can also be used as an investment tool.

Quote from: ALI AKBAR on March 20, 2018, 02:52:23 PM

It depends on the use of Bitcoin. Some people use it for payment. It is used as a digital resource. It will be a gold coin in the future. And used for transactions. In my opinion, it is an asset which is used for investment.

Quote from: Jlimao28 on February 13, 2018, 03:36:04 AM

It depends upon the usage of bitcoin. If the people using the bitcoin is for payment then it will goes to a peer to peer network and if the bitcoin used as storage then it will becomes a digital asset.

I see quite similarities here, either the user ALI AKBAR who copied the sentence of Jlimao28 or they are actually the same person

Owl_Fintech

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Quote from: tegarp90 on March 22, 2018, 11:15:55 AM

It's a virtual asset which can be dissapear at any time.
Bitcoin is risky, that's why it makes a lot of profit.
more risk more profit.

How can it disappear. AFAIK, Bitcoin is the most, and maybe the only, scarce digital asset in the planet. It means that it can neither be created nor destroyed.

Palmerson

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My opinion is that bitcoin is an independent currency. But now she is on the stage of its inception. At the junction of Fiat and bitcoin, many speculators use the uncertainty of status for their own enrichment. I think that in the future bitcoin will lose value because it will leave speculative capital but it will become a real currency and we will not need Fiat.

Owl_Fintech

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Quote from: kfor01 on February 13, 2018, 03:17:54 AM

Bitcoin has certain characteristics that are similar to typical commodities, such as gold. Bitcoin also meets some requirements of the standard definition of a currency. Some argue that bitcoin is a security, or an investment contract with implicit or explicit ownership terms.
What Type Of Asset Do You Think Bitcoin Is? Commodity, Currency, Security, Perfect hedge?

It's clear for us, who understand the technology and applications of it, that Bitcoin is a currency. However, for many investors in the world, Bitcoin is seen as a commodity.
For me, Bitcoin is much more than that, since a commodity, in general, doesn't give you the possibility of buying goods and services with it.

tegarp90

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It's a virtual asset which can be dissapear at any time.
Bitcoin is risky, that's why it makes a lot of profit.
more risk more profit.

spyerf

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bitcoin is a tradable digital currency crypto, the price is always changing, so people save their money in bitcoin for profit, so in my view bitcoin is more likely to be a digital asset than currency that serves as a medium of exchange, because in addition to transaction costs expensive and time consuming, bitcoin has not been officially licensed by all countries as a medium of exchange.

BlackPanda

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Quote from: kfor01 on February 13, 2018, 03:17:54 AM

Bitcoin has certain characteristics that are similar to typical commodities, such as gold. Bitcoin also meets some requirements of the standard definition of a currency. Some argue that bitcoin is a security, or an investment contract with implicit or explicit ownership terms.
What Type Of Asset Do You Think Bitcoin Is? Commodity, Currency, Security, Perfect hedge?

I would say that Bitcoin has all these aspects. Bitcoin is a commodity, Bitcoin is a currency and Bitcoin is a new financial system that has security. For me Bitcoin is a system and also a very good currency, Ease and security to be the thing that I most interested. Besides that we can also use Bitcoin as a promising investment, Many opportunities that we can use because the world of digital currency is very large . Now I invest in a lot of things in Bitcoin world, I start by doing hold Bitcoin and altcoin with good prospects, I invest in an ICO project and I also do Trading every day. I feel comfortable because I can do home, personally I say that Bitcoin has changed my life for the better. The thing that changed me the most was that I resign from my work in the real world, and chose to focus on working in the Bitcoin world. Look what I get, I can get what I want and I can also achieve my dream. It is the most beautiful thing and I can live happily with my family.

btcluisdiki

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Bitcoin is a valuable digital currency asset in which we still don't know yet how far the price value will go further. Considering you had hold your btc investment for quite sometime and after several years later btc has gone up way ahead beyond our expectation let's say this will go as high as $50K then you will definitely be very lucky to earn unexpected return of investment. Though this sound like a hype but the possibility of attaining such level is not impossible to achieve for as long as many people are with bitcoin, no doubt for such a hype speculation to happen.

Kayla noil

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Well !!Bitcoin, as a means of payment, has its drawbacks: low throughput and a constantly growing commission for transactions. Bitcoin is still perceived as a special class of assets. The essence of bitcoin is an alternative means of payment. Naturally, if this function suddenly ceases to exist, then the question of the fundamental cost of bitcoin will arise.

novogum

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Quote from: kfor01 on February 13, 2018, 03:17:54 AM

Bitcoin has certain characteristics that are similar to typical commodities, such as gold. Bitcoin also meets some requirements of the standard definition of a currency. Some argue that bitcoin is a security, or an investment contract with implicit or explicit ownership terms.
What Type Of Asset Do You Think Bitcoin Is? Commodity, Currency, Security, Perfect hedge?

It is unlikely that bitcoin will be able to pay for coffee in the future. But bitcoin is best suited for backing up funds and building them up.

BitcoinHodler

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HODLing is an art, not just a word...

calling bitcoin different names doesn't change what it truly is. you can call it commodity, or call it security, or call it dead even and lots of other things but in the end bitcoin is still the same peer to peer digital cash that was intended to be.

Jessicamass

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This surge in value has invigorated Bitcoin backers convinced this boost in value makes Bitcoin a more credible currency, that it is a sign of the cryptocurrency’s strength. Yet the wild swings, both up and down, in the value of Bitcoin do not make it a more plausible substitute currency; they make it a speculative asset, a get-rich-quick scheme.

franky1

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Quote from: franky1 on March 20, 2018, 09:53:09 PM

to correct you:

its not MONEY
its not a commodity
but is a currency
but is a asset

there is a difference
no government can decide what currency is. cigarettes in prison are a currency, sexual favours/beer/cigars/pizza between friends in exchange for other favours are a currency

governments can only decide what is or isnt MONEY

currency is a umbrella term which pretty much anything, which everything then fits into sub categories below the umbrella term. for instance
assets are investment holdings currency(gold, art.antiques,bitcoin)
commodity currencies are raw produce used to make secondary products (beef, wheat, gold, oil)

yes gold fits into 2 different markets..
but dont confuse the raw material utility of gold to produce jewellery/circuits(commodity) with golds separate asset holding market utility

do not think that just because gold asset is like bitcoin asset, that bitcoin also belongs in a commodity category.. bitcoin is not a raw material so is not a commodity

mortgage/credit agreements/insurance policies(the contracts/promissory notes themselves) are a currency but not money they are asset currencies (banks privately trade these behind the scenes)

money is legal tender of a country and authorised by law of the nominated/named country to be used to buy things and by law pay taxes/court fines/pay minimum wage

in short
crypto assets are a currency but are not money

CoinstarF

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Quote from: ?? on ??

Quote from: mikan111 on February 13, 2018, 04:01:13 AM

It's kind of digital gold or maybe world's reserve currency in the future. Blockchain will replace all current

databases with personal, property and transactions data!

Well to be fair, this could eventually be a thing, a lot of people don't realize what a pain the gold storage is and how much doubt there is that certain amounts are actually held where they are. A lot of countries hold their gold in the US at Fort Knox. German a few years ago wanted an audit and if I remember correctly the US said No. I think the Germans have received data on their gold now but the point is, there would be no need for all of this with a Bitcoin backed asset based system.

I think it is a valuable asset, to help every country to improve and grows, it also depends to the citizens on how to operate s BTC.

lvincent

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In my point of view bitcoin created as an currency to get rid of our common problems when it comes to transaction it is the first successful digital currency but because of the price volatility a lot of peole is using this oppurtunity to earn a lot of money as an asset.

Ojengonggu

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whatever you give the term for bitcoin, assets, digital currency, and others
when we mention bitcoin we surely hope to get a good profit in using it or maintaining it in a certain period of time

Kokondao

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Bitcoin is indeed a very lucrative investment place and a lot of fans for now, and I consider bitcoin as a currency exchange tool in the Online world.

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