Bitcoin Forum

The Bitcoin is known as an asset----yet can it also be considered to be a  Bitcash? What is the difference between digital assets like the Bitcoin and 'conventional cash money' ?

what is the difference between cash and capital?

whats the difference between cash flows and profits?

whats the difference between the money-drain utter corrupt altcoin scene and central banking?


Do u use Bitcoin as some kind of Bitcash?

What do u use most for internet transactions of any kind these days ?




~CfA~

Since I am an accounting student, I will answer your question in my language. Cash are highly liquid asset and is generally acceptable while capital is not generally cash. It can involve equipment and others.

Since I am a bitcoin user, I use bitcoin the most as my mode of payment in internet transactions since it is convenient and easy to use.

So since Bitcoin is a highly liquid asset and could be converted to fiat money almost instantly, does it make it cash (or cash equivalent)?

I see bitcoin as a store of value, for me personally it's an investment, something that I'm pinning hopes on increasing in value significantly over the next few years.

Like other assets, Bitcoin is scarce by nature. This is not a nature of cash. Hence, Bitcoin is more of an asset than cash.

Bitcoin can be placed into an asset class because there is a finite supply of it, unlike fiat currency which gets mass printed every time the federal reserve wants to do a bailout for the banks, which makes people poorer all over the world.

The first thing that comes to mind when you mention cash is the idea of a physical manifestation of value. But it's also the fact that it's controlled by a central entity. Something like bitcoin would be considered as an asset, like gold, because it has no legal entity governing the whole system.