Topic: What Type Of Asset Do You Think Bitcoin Is? - page 2. (Read 254 times)
Bitcoin is not an asset but people using it an asset due to the speculative nature of it,so it can be considered as an asset,digital gold or what ever you think.Because bitcoin is giving profits while we hold it in long term.
Bitcoin is basically a currency and (personally) I use it as both Currency and Asset. When I take payments for my services in Bitcoin - I am using Bitcoin as a currency, and I love to keep my Bitcoin (most of them, I only cash out a little part to pay my bills) for future as an Investment - here I am using Bitcoin as an Asset.
initially bitcoin is made for a concept as a digital form that is designed to be a safe and mostly anonymous currency. but over time with a significant increase in bitcoin value finally many people who make bitcoin like digital gold that can be used as a financial asset that has the potential for substantial profits. and I think it depends on everyone who uses the benefits of bitcoin because everyone will of course have their own goals.
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?
To my opinion, I would say bitcoin is a hybrid asset. This is because it serves as a commodity, a currency and security at the same time. Bitcoin a commodity because is an element for trade. Investors buy and sell bitcoins base on their own speculations; again most businesses and firms use bitcoin as a medium of exchange and that makes it a currency. Bitcoin as a store of wealth helps investors to secure their future financially and that also qualifies it as security.What Type Of Asset Do You Think Bitcoin Is? Commodity, Currency, Security, Perfect hedge?
If your investing in BTC , then consider it a hybrid asset
It's a tradeable store of wealth.
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?
What Type Of Asset Do You Think Bitcoin Is? Commodity, Currency, Security, Perfect hedge?
Its all of them it depends on how you use it for me i use it to buy stuff in daily basis so i used it as a currency, and also i placed some of my bitcoin to a cold storage because i cant deny the fact that maybe this saving will help me in the future so its for security.
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.
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.
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!
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.
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?
What Type Of Asset Do You Think Bitcoin Is? Commodity, Currency, Security, Perfect hedge?
Its really very hard to quantify what kind of asset bitcoin or even cryptocurrency is because it can also be considered a liablity at the same time if it fails. But it can be considered a hedge fund or a time deposit if it can be invested properly and that the whole thing can be scrapped into an asset. And even until now due to its volatility it is a tough call to make
What do you think, what crypto currency will survive in the near future? Maybe someone already noticed the Google or Amazon?
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?
What Type Of Asset Do You Think Bitcoin Is? Commodity, Currency, Security, Perfect hedge?
Its really very hard to quantify what kind of asset bitcoin or even cryptocurrency is because it can also be considered a liablity at the same time if it fails. But it can be considered a hedge fund or a time deposit if it can be invested properly and that the whole thing can be scrapped into an asset. And even until now due to its volatility it is a tough call to make
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?
What Type Of Asset Do You Think Bitcoin Is? Commodity, Currency, Security, Perfect hedge?
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