Nevis
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July 14, 2017, 11:00:24 PM |
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I think yes,because bitcoins is not made for that thing bitcoins is made for financial freedom and not for being a legal currency in the future,its just an asset i think andwhat you said is right
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coolstory
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July 14, 2017, 11:19:10 PM |
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I think yes,because bitcoins is not made for that thing bitcoins is made for financial freedom and not for being a legal currency in the future,its just an asset i think andwhat you said is right
Just an asset and very risky one. Bitcoin has been created to decentralize the world economy but it turned into a speculative asset for whales.
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loopes
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July 14, 2017, 11:22:42 PM |
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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?
Well i am no expert, therefor i can not say with certain what bitcoin is. I can only say what it is to me. For me bitcoin is currency, because if you can buy some thing with it, and for me that is currency. But there are not much places where i could spend my bitcoins, so i change it to fiat. Sometimes opinion about bitcoin by each per person is different depending on how them usually use bitcoin for. I think bitcoin has multiple functions not only as asset, it also as currency, investment and many more.
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xuan87
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July 14, 2017, 11:38:06 PM |
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Bitcoin is a currency, it is a digital currency, however it is more valuable as asset and investment, and most of the people including me treating Bitcoin as an asset, the price rising of Bitcoin is too fast so it is not really suitable to be used as currency because of this reason Bitcoin has become more valuable as an asset
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klf
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July 14, 2017, 11:40:40 PM |
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I think yes,because bitcoins is not made for that thing bitcoins is made for financial freedom and not for being a legal currency in the future,its just an asset i think andwhat you said is right
Just an asset and very risky one. Bitcoin has been created to decentralize the world economy but it turned into a speculative asset for whales. If you invest money in bitcoins for an only short term, then you need to worry for all these short term price volatilization otherwise no need worry about the price fluctuations. Because slowly many businesses going to accept bitcoins and bitcoins will be held by many people that time these whales can't control the prices so easily. So if just invest and keep it for long then surely you will make a good profit out of it.
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Wesimon
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July 14, 2017, 11:52:01 PM |
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Bitcoin may be different from the actual currency in our country or fiat but it can exceed the limits of what fiat can do. There are some instances that bitcoin can be a more convinient way of paying transaction instead of fiat. Yes, we may considere bitcoin as an asset but it definitely a useful one.
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Andre_Goldman
Sr. Member
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Property1of1OU
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July 15, 2017, 12:18:21 AM |
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In fact, the currency is an asset with the highest liquidity, so if bitcoin becomes sufficiently liquid, it will be on par with traditional currencies.
indeed... that's what I thought when I read the subject
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mantra
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July 15, 2017, 02:04:48 AM |
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Bitcoin is a very valuable asset, maybe more than an asset, more than just stocks or investment tools, bitcoin and blockchain systems can change financial technology, maybe still vague, but start many countries that implement bitcoin, if this trend continues then the world of finance will Changed in the future, banks no longer needed
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phantuan123321cxz
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July 15, 2017, 02:08:18 AM |
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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 that's wrong, as some countries now allow the use of bitcoin to pay for services, bitcoin can still be considered a currency and it is waiting to be developed. World recognition, in the future bitcoin will be a formal currency.
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chixka000
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July 15, 2017, 02:16:27 AM |
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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?
A currency can still be considered as asset so the mere fact that bitcoin is a currency it can still also be an asset for everyone. No matter how will people denies it bitcoin is really capable of a medium for money transaction
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coynedterm
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July 15, 2017, 02:20:14 AM |
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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 news and information that what you got is 100% true , but still here you need to see the positive ways about the advantage of the Bitcoin . First of all this is wrong that the Bitcoin doesn't meet our current economical condition , here if you will try to see every field then you will find that all the fields are using Bitcoin and also they are making much earnings with the payment of the Bitcoin . Actually the Bitcoin have no value but it's demand is making its value , everyone wants to have Bitcoin because every have the trust with the Bitcoin that they can use it to buy and also they can easily sell the Bitcoin for the fiat money then why not have to Bitcoin where we can use our own money in any ways as we want to use without limit and without any restrictions .
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jorneyflair
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July 15, 2017, 02:46:51 AM |
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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?
Well, lets get the definition of an asset correct. The definition of an asset is: An item that has a value that is defined by a company and can be used to pay debts, meet commitments etc. Now, onto the news that you heard about how bitcoin doesn't meet the characteristics it is to become a currency that can meet our needs, and that is true since bitcoin is yet to become mainstream, there right now is too many problems with bitcoin and we need more media attention for bitcoin to become a currency that can be used in real life and online.
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cpfreeplz
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July 15, 2017, 02:51:16 AM |
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My thought is that an old school economist wrote this and thinks there is a box that he needs to stay in. Unfortunately for him he's wrong. He's just used to seeing hyperinflating currencies rather than deflationary currencies backed by math and electricity.
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Getmon
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July 15, 2017, 03:08:12 AM |
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I have also read the same news. If I'm not mistaken, the basis was some business establishments that, instead of getting higher customers for opening up to bitcoin payments, they only received low turnout. The analysis of some financial experts believed that the price of bitcoin made it so precious that many people who have bitcoins don't want to spend them. They keep them instead because the value is ever rising.
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ethereumhunter
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July 15, 2017, 07:56:20 AM |
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Bitcoin is a very valuable asset, maybe more than an asset, more than just stocks or investment tools, bitcoin and blockchain systems can change financial technology, maybe still vague, but start many countries that implement bitcoin, if this trend continues then the world of finance will Changed in the future, banks no longer needed
until now, i think bitcoin is still an investment for most people and few of them makes bitcoin like an asset because they are still holding bitcoin in large amount and waiting for the price. but i am sure that in future, if all country accepting bitcoin then bitcoin can be currency for all country and all people.
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olubams
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July 15, 2017, 10:02:01 AM |
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Bitcion wth current challenge as actually opened up to various discussions concerning its original status simply because of what is being faced now but when we read news of several organisations accepting the coin the discussion changes as to what exactly is the function of bitcoin. For me, I think the two cannot separate from each other as it both serve both functions with one overshadowing the other at any point in time the discussion is to happen.
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NoNetwork
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July 15, 2017, 11:32:04 AM |
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I think yes,because bitcoins is not made for that thing bitcoins is made for financial freedom and not for being a legal currency in the future,its just an asset i think andwhat you said is right
Just an asset and very risky one. Bitcoin has been created to decentralize the world economy but it turned into a speculative asset for whales. That's just what 'decentralized' mean, having financial freedom, thus basically that's the whole idea of Bitcoin. How could you say that its just an asset, if you don't even know the real potential of Bitcoin? Its more than just an asset, it could change a person's way of living. And eventually many medium and large corporations are willing to take the risk to bitcoin, why? Because it has the potential to change the Economic nuisance we currently have right now.
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Przemax
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July 15, 2017, 03:09:17 PM |
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Bitcoin is not just an asset, but the price it has achieved is making it like so. All of the bitcoin problems are related to its price and speculation interest.
Bitcoin is much more, but for now it is made to be an asset primarly. Everybody is despairing when the price tanks. There is nothing to despair. Bitcoin needs users not speculation money to succeed in the eyes of the public. I think such a technology needs a lot of time and enthusiasts to develop properly.
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mackenzied
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July 15, 2017, 03:16:43 PM |
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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 really wrong, bitcoin has its own unique characteristics, however, these characteristics are only identified by technology, it is not a coin purse, in the future, virtual currency has It can become the world's main currency, and bitcoin has a huge opportunity to do it.
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doomloop
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July 16, 2017, 09:51:02 AM |
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Bitcion wth current challenge as actually opened up to various discussions concerning its original status simply because of what is being faced now but when we read news of several organisations accepting the coin the discussion changes as to what exactly is the function of bitcoin. For me, I think the two cannot separate from each other as it both serve both functions with one overshadowing the other at any point in time the discussion is to happen.
yes you are right to some extent that these two terms are different from each other and both has different values and regulations these two terms can be separately just by the increasing price and the pumps and dumps of the rates so bitcoin has a fine asset and the price is bound with this 2nd time developed currency after a chance there is always another chance.
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