Difference between Assets and Cash? Bitcoin Bitcash?

[From Above]

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~

[Sorrowfox]

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.

[pawel7777]

Since I am an accounting student, I will answer your question in my language. Cash are highly liquid asset and is generally acceptable...

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)?

[LFC_Bitcoin]

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.

[GermanGiant]

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

[qiman]

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.

[Decoded]

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.