Bitcoin just an asset ?

[iqlimasyadiqa]

Bitcoin has the main function as a currency, the currency used to perform various financial transactions in the world today. But in fact bitcoin is more often used as an asset, those who choose bitcoin as an investment are usually the ones who want to profit from the rapid rise and fall in the bitcoin price.

[williamuk]

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?

It's true. Bitcoin doesn't have the capability as it stands. It would need an extra layer (and extra transaction fees) to be able to do transactions with an adequate level of speed and frequency

[kynaz]

Bitcoin has the main function as a currency, the currency used to perform various financial transactions in the world today. But in fact bitcoin is more often used as an asset, those who choose bitcoin as an investment are usually the ones who want to profit from the rapid rise and fall in the bitcoin price.

I agree with you . They do not consider Bitcoin an asset they consider Bitcoin to be an investment to make a lot of profits or use to trade internationally. I think Bitcoin will be recognized as an asset when the world government recognizes Bitcoin

[avikz]

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 somewhat agree to this, because I also believe bitcoin is an asset and not a payment facilitator. With the high fees and higher confirmation time, it simply can't replace the fiat in any way. However, since bitcoin is being speculated and played across the world, it is a very good asset to invest in and to hold. Investing in bitcoin can fetch you much higher return than any other conventional investment can do.

The bitcoin is not regulated and also not generated by a backup asset like fiat currency. In most cases, fiat is backed up by gold, which bitcoin is not. Bitcoin is mostly backed up by public trust and can be a disaster anytime. So play with it and save it for future as an investment asset. That's where bitcoin is good at. 

[MeridianMDN]

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 remember Warren Buffet dropping his famous line: "Gold is just Gold."

Well, a currency is just a currency.

It is such a tricky thing to begin to try and provide Bitcoin with a firm and proper definition because it is evolving on the daily!

With each passing year, Bitcoin grows to be a far more advanced asset than it was the year before.

Is bitcoin an asset... is it a smart asset... is it a decentralised, autonomous company - which it technically qualifies as being since it employs miners, and subsequently pays these miners an agreed upon wage... Who knows what the ultimate definition for bitcoin will be.

But one thing is for certain and hopefully we can agree, not only is bitcoin a currency - but it is more than just a currency: which makes it something completely different entirely.

We should all allow bitcoin to grow.. forcing a definition on it is like telling your 5 year old son that he must become a lawyer in the future.. life and time may take him on a different course. The same thing may apply to bitcoin.

[megynacuna]

I think the OP's use of the word "just" is to belittle Bitcoin and make it look one dimensional but it has multifaceted functions just like any other currency in the world and more. I hate these kinds of headings because they only become relevant when Bitcoin tumbles and it's obvious they are deliberately brought up by unseen hands to cause panic.

[Prodigan786]

For me bitcoin is asset in currency mode her i can cash out my asset easily through exchanges in minimal time there is no need of selling buying physically . And also its currency to buy all crypto assets like tokens.

[cryt3k]

The most important feature of a currency is that it be a stable store of value.Bitcoins are not to use them as a currency, but to either speculate on their asset value or use them to shield transactions from others. Without a stable value Bitcoin cannot truly be a currency. Rather it is a commodity asset that one trades, like gold or silver, in hopes that its value will rise and yield a trading profit.

[NoNetwork]

Bitcoin has the main function as a currency, the currency used to perform various financial transactions in the world today. But in fact bitcoin is more often used as an asset, those who choose bitcoin as an investment are usually the ones who want to profit from the rapid rise and fall in the bitcoin price.

We can't blame those people, I mean it is what they've earned so they have the freedom to spend it in anyway they wanted. But I think it has a positive feedback for us, what you ask? Its like by using Bitcoin more often by means of being an asset, we are advertising Bitcoin as well. So I guess its still a win-win even though it has been using like this.

[Superways]

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 somewhat agree to this, because I also believe bitcoin is an asset and not a payment facilitator. With the high fees and higher confirmation time, it simply can't replace the fiat in any way. However, since bitcoin is being speculated and played across the world, it is a very good asset to invest in and to hold. Investing in bitcoin can fetch you much higher return than any other conventional investment can do.

The bitcoin is not regulated and also not generated by a backup asset like fiat currency. In most cases, fiat is backed up by gold, which bitcoin is not. Bitcoin is mostly backed up by public trust and can be a disaster anytime. So play with it and save it for future as an investment asset. That's where bitcoin is good at. 

Bitcoins can easily replace paper money in developed countries where much of the trading is now a days, done online. The higher transaction fees in nothing in front of the advantages we enjoy by trading with bitcoins. The perks of buying and selling in bitcoins are much more than these minor inconveniences of transaction time and fee. Furthermore, bitcoins are more than just asset. 

[Adbitco]

Bitcoin in my opinion acts and serves as currency and asset both. When it is used to buy goods or services it acts as a currency and when it's held for a long time and brings you good returns it serves as an asset. Bitcoin is one such unique invention of the modern times which has the potential to serve as currency and asset both.

[kuyaJ]

It's better to use bitcoin than fiat money. I think you can easily send direct to a person if he/she is from another country. Bitcoin is like a credit card for that we use. We are now in technology so we need a money for this and i think that it is bitcoin.

[rjbtc2017]

No, you can convert it to money and it can be used to buy products/services,
it's not just an asset, you can convert it to make it usable and honestly bitcoin is one of the things that amazes me because it can be fluid
convert it anytime to money or act like an asset or act like an investment.
bitcoin has a lot of potential

[szpalata]

It's better to use bitcoin than fiat money. I think you can easily send direct to a person if he/she is from another country. Bitcoin is like a credit card for that we use. We are now in technology so we need a money for this and i think that it is bitcoin.

Exactly and now that European governments are fighting their citizens over cash limitations I guess it's in the right direction to promote Bitcoin as an asset and since it lacks  physicality it could be what these governments are hopUnfair for .

[prieaji]

Bitcoin is an asset that becomes the highest liquidity currency, the currency is equivalent to the traditional currency we have.

[Matcuda]

Bitcoin is an asset that becomes the highest liquidity currency, the currency is equivalent to the traditional currency we have.

I generally compare bitcoin with the product that brings me a profit and I get the amount of real money that I need.

[poplolnman]

Bitcoin in my opinion acts and serves as currency and asset both. When it is used to buy goods or services it acts as a currency and when it's held for a long time and brings you good returns it serves as an asset. Bitcoin is one such unique invention of the modern times which has the potential to serve as currency and asset both.

mostly still recognized bitcoin as an asset not as a currency , as we can see now there is few merchants and people come and go to buy things with bitcoin . the bitcoin circulation are need keep running otherwise , satoshi's intention to create a peer to peer payment system would gone slowly. we don't want that happened right?

[Vixmore]

No, I do not think that bitcoin is just an asset. It is much much more than that.

Bitcoin is a new era of electronic currencies, cryptocurrencies. This will eventually replace the paper money we live with today. Yes, maybe bitcoin can be classified as an asset as it is still in its growing phase. The popularity has only started to boom and as a result so has its value (supply and demand). This is a great thing for many investors as it increases the value of their investments while bitcoin's popularity increases at the same time. In the coming few years, we will surely see bitcoin climb to more than 5000 USD with a large number of users, much more than what we can see today.

[tiger2monkey]

It is like digital gold, more of asset than currency. But it is a currency as well. Imaging that you can travel the world with bitcoin without the hassle of fiat currency exchange.

[SirLancelot]

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 not just an asset.
Bitcoin is a way to start business internationally in rest of the world. Within seconds you can buy and sell through bitcoin which is recognized to be a currency in the world.

Although in many countries it is not considering as a currency legally, but soon it will be known as an international currency in all over the world. So it is just an asset, it is a fast transaction way of business too.