Bitcoin just an asset ?

[Matimtim]

Yes, bitcoin is an asset because it is a digital currency that are accepted in many country in this word by means of payment.

[AiWanChu]

asset or currency, doesnt matter as long as it has value and people use it.

[aTriz]

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 a lot of things and that may also include being an asset. For something to be a currency, it just has to be an assest that has the highest liquidation, which will them classify it as a currency. While bitcoin may not have same features of fiat currencies, it is still a currency. Bitcoin is an investment, a currency, a type of stock and also an asset.

Bitcoin is good asset,and Bitcoin is more than an asset,is works like a currency. bitcoin works like a bank.we can send and receive the money through the internet.it is very fast and safe.

Moreover, bitcoin is like a kind of stock, one of the strongest stocks that can dominate the entire market. The crypto market is just like the stock market, everything is similar.

This is a good analogy of what bitcoin is, one of the many stocks in the stock market. Stocks have value and can be swapped for fiat currency, which is what bitcoin can do.

asset or currency, doesnt matter as long as it has value and people use it.

Also agreed, people trust in bitcoin so it doesn't matter what it is, it can be used to make transactions, that's what is important.

[nexttime]

I think bitcoin is also considered as a property because I think it's like a currency. You can use it to buy other goods and services. A great asset to make a profit is to earn big money from your product when you are saving the bank

[roadbits]

I think bitcoin is also considered as a property because I think it's like a currency. You can use it to buy other goods and services. A great asset to make a profit is to earn big money from your product when you are saving the bank

I think bitcoin is not an asset, but it has value like a physical asset. How we can buy one land or house and after few years the land value increase like that bitcoin value also increase if you save this coin for a long time. But it does not have value like a physical asset. The price drop in the market will not affect much on a physical asset, but it will effect on bitcoins.

[Dudeperfect]

In legal terms, bitcoin can be classified as a currency, asset, commodity or even a computer software and the conclusions will differ from person to person and country to country. In my opinion, it is a currency 2.0 and it might not get fit in the traditional views of the currency but still, it fulfils the basic needs of transfer of values with some additional features and for that it needs little fees.

[nugrama]

Its true that it is not having any characteristic of currency but it is acting like one. It is having all the characteristic of currency virtually though it is not physical. We can trade it with services and goods, we can pay with it for fiat currency too. Bitcoin once come in physical form might get full attention if being characteristic fiat currency.

Bitcoin as digital gold. Bitcoin has all the same characteristics as gold. The number of Bitcoin is limited (there's only a certain amount to be produced), Bitcoin can be broken down into smaller units without losing the value of the unit. More and more people use the Bitcoin for payment, the more valuable this payment system. Buy Bitcoin similar to buy shares of Visa. Yes I agree the Bitcoin once came in physical form may get full attention if it became fiat money characteristics.

[vok-wok_hok]

For bitcoin you can buy things or pay bills so it can be considered a virtual currency. It can also be used as an investment. It turns out currency and investment in one instrument.

[celested]

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?

They were wrong, everything was in fact not so simple, bitcoin is a virtual currency that is very effective in online transactions, it can completely be considered as a real money.

[mrjoy15]

It's true Bitcoin has huge potential, a global financial superpower that's influence Bitcoin are accepted in many currencies. But, It will take a long time before a country adopts bitcoin as an official currency. However, It's great news for us as many one starts to concern about Bitcoin.

[iru786]

Bitcoin is good asset and it is currency.bitcoins can be used for online transactions also.it is asset and good for investors.

[cotton ball]

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?

They were wrong, everything was in fact not so simple, bitcoin is a virtual currency that is very effective in online transactions, it can completely be considered as a real money.

Probably what is meant is bitcoin is not a currency because it doesn't meet the aspect of modern regulation and national taxation, most of us will smile with this because bitcoin is some kind of latest economic innovation. Bitcoin is a virtual currency because it can be traded for goods and services payment. This character has become an authentic proof, bitcoin also meets the element as an asset due to fluctuations that move more on the incentive of verbal assets.

[bajing]

I think bitcoin is also considered as a property because I think it's like a currency. You can use it to buy other goods and services. A great asset to make a profit is to earn big money from your product when you are saving the bank

I think bitcoin is not an asset, but it has value like a physical asset. How we can buy one land or house and after few years the land value increase like that bitcoin value also increase if you save this coin for a long time. But it does not have value like a physical asset. The price drop in the market will not affect much on a physical asset, but it will effect on bitcoins.

Correct, the asset is something of an investment whose value may increase or decrease but I think you wrong choose an example because the price of the land or house will continue to increase from year to year, it is not same like bitcoin whose price can down anytime but I agree that bitcoin just an asset .

[1.btcwonder]

Some reasons that represent Bitcoin a new asset class:

Investability
Correlation of Returns: Price Independence
Politico-Economic Profile
Risk-Reward Profiles

[MFahad]

For me, I consider Bitcoin is only bitcoin.
Because i also hear from the people, some people said, Is bitcoin a Currency or Money?
Now this thread some like this Is Bitcoin an assets or not?
Then i believe if we earn from bitcoin very well, then we should accept bitcoin is everything for us.
Because when we earn from it as a money then it is money and when we hold it then it will be asset for us.
 

[machinek20]

Most of the people now using bitcoin as asset and investment because it is so profitable and so many investors got advantage by investing in bitcoin, but the main purpose of bitcoin is to become currency that can be used globally

[GideonGono]

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?

That depends on how we define currency or money. How the law defines currency is entirely different with Bitcoin but it doesn't mean it losses its value nor it can't be used as a mode of payment which in fact it can. Bitcoin acts like a real currency though not considered as a real currency but its fine since it doesn't hinder how people benefit and earn through Bitcoin.

[v0rtecxz]

I think the bitcoin has not been fully utilized for payments because the limitations of bitcoin are only in certain environments that can accept bitcoin as its payment, and so far I have little bitcoin to be an asset, as many people are investing in it, and maybe For the future bitcoin can be used as the money we use every day

[Superways]

Presently, 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. It is because of the sudden rise in the price, we all know that when the price becomes stable people will transact it as a currency. Have to wait till August 1 for the outcome of Segwit.

Correct. It is also an asset for me because people are buying into it thinking of getting rich quick by investing. However,  I disagree with you that bitcoin price can be stable, it will not be, its either going up and down. We don't know what will happen on Aug 1 but I'm hoping for the best.. Specially to solve the block size problem. But I don't think it will really affect the price of bitcoin being stable.

Bitcoin is the most valuable asset one can have and it has all attributes to meet the future economics of the world. The world has not seen the real power of bitcoins yet. Only governments are afraid of bitcoins overpowering paper money. 

[Zemangat]

According to Sheba Jafari, vice president of securities division Goldman Sachs, predicts Bitcoin could enter the new highest asset. The analyst projects that the leading digital currency may generate profits to push it to new record altitudes, even after prices nearly triple the price in 2017. I think what he says is true. Bitcoin becomes a valuable asset and provides a great advantage to its owner. For me bitcoin is a very profitable long-term investment. I will save the bitcoin so that later I will get multiple benefits