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Author Topic: Bitcoin just an asset ?  (Read 9180 times)
hamza987
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April 20, 2018, 03:43:17 PM
 #641

Bitcoin currently more of an asset compared to Currency , because Bitcoin can not be used in simple terms any where in most parts of the words, for bitcoin to be called as currency it has to meet all possible requirement of currency as it needs to be used on a daily basis. But for that it needs more circulating supply. But for other currencies every currency is a specific country currency and have a backing, but bitcoin don't have this feature so bitcoin currently is an asset and probably remain an asset.
Itha_
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April 20, 2018, 04:05:21 PM
 #642

I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?
Bitcoin is virtual like credit card and online banking network that we use every day. Where when we save it means it's an asset. Bitcoin can be used for online and in-store payments as well as conventional money. Bitcoin can also be exchanged for a material form like the Casascius coin. So bitcoin is not just an asset but can be used to transact or buy and sell it.
Udrujec
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April 20, 2018, 04:20:50 PM
 #643

I think this is just one of the opinions that is just meant to create a negative image for bitcoin. It develops not only as an investment but also as a currency.

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louis sean
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April 20, 2018, 04:23:42 PM
 #644

Bitcoin is not only an asset, but also a currency. IT depends though because some countries do not recognize it. But in general it is considered an asset as of 2017.
HopeHK
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April 20, 2018, 04:24:20 PM
 #645

I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?

I think at this point it is just an asset.  It is too inconvenient and (sorry to say) terrible security risks.  BTC has inherent flaws that cannot be solved without a hard fork and overhaul.  

There will be a new generation of cryptos that resolve these issues, and they will be usable currencies.
Crash21
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April 20, 2018, 05:16:57 PM
 #646

Nowadays people mostly using crypto as an asset because it's profitable. Anyway better to start making bitcoin popular as currency to make more brands and contries accept btc.
deep4u
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April 20, 2018, 05:42:38 PM
 #647

Bitcoin is an asset and as well as currency also.bitcoin is created to be a digital currency.it compliment and determine the market value  of crypto currency. It is also an asset because of its ability and trading and holding price value in market.
rinkeshkashyap01
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April 20, 2018, 06:21:10 PM
 #648

Yes. BTC is more of an asset right now than a currency. Lots of people buying BTC in the thought of making a fortune with the investment. We all know that when the price becomes stable people will transact it as a currency. It is because of the sudden rise in the price
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