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Author Topic: Is Bitcoin a currency or asset?  (Read 12729 times)
warkop121
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April 08, 2018, 04:16:57 PM
 #1061

In my opinion. When we say assets in accounting it is something of value and can be converted into fiat and bitcoin actually qualify as an asset, the only problem is that this is an asset that is considered an investment or a highly liquidated currency. To me, bitcoin is an asset that is readily available whenever you need it ... It's just that its value is never fixed due to fluctuations but it can still be used anytime you want like a normal currency. . currency is always used as a medium of exchange, of all indications bitcoin serves this purpose in cyberspace. Bitcoin is an asset because it has value, can generate income, can serve as an investment if someone really has patience and bear the risk if it happens that the price falls.
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Vasilisochka
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April 08, 2018, 04:20:15 PM
 #1062

Perhaps the American judges who determined bitcoin as a commodity, by type of real estate or a piece of land that can be laid or sold, are probably right.

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robynmario
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April 08, 2018, 04:25:46 PM
 #1063

In my opinion, Bitcoin is a currency and also an asset.
Currency: Because bitcoin can convert and trade or pay for goods at many retailers.
Property: Bitcoin has been accepted by the Japanese government as a legitimate commercial property.
szhaidar
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April 08, 2018, 04:37:58 PM
 #1064

Bitcoin is currency and asset both. It is asset because,you can keep it as asset for future and when you feels that you can sell to fulfill your need.

It is currency because in many country (like japan) government allowed it as legal tender.
ajja
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April 08, 2018, 05:28:04 PM
 #1065

I see bitcoin as an excellent asset of the future, so from now on I am investing in bitcoin, because I am very confident that in the next few years the price of bitcoin will be very high and give me a very big advantage.
reverseflash
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April 10, 2018, 06:34:01 PM
 #1066

In my country, the bitcoin from the point of view of the national legislation, is not currency. Therefore is an asset. But in other countries it can be differently.
laiya94
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April 10, 2018, 06:38:38 PM
 #1067

Bitcoin’s very volatile prices have reignited the debate about its usefulness as a currency or as an asset. In some ways, Bitcoin suits the definition of currency quite adequately but if the volatility is less. It allows for the creation of secure and transparent transactions. Thus, can be used as a secondary currency in future. Some of the experts have huge concerns over its volatility. But, sooner or later the prices may remain less volatile as of today.

I have mentioned few points about Bitcoin as a currency or as an asset in my article here: https://atozforex.com/news/is-bitcoin-a-currency-or-asset/

What's your opinion about BTC as a currency or an asset?

Suggestions and comments appreciated  Smiley Wink

,
I guess,it could be both. Bitcoins could be a currency and an asset. It could be a currency because it transfers funds online and is easy to use. It could also be an asset but I may say that you would need time for all.
I agree with that. Even in the name 'Crypto currency' there we go, it's a currency as well as asset.

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qtronix
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April 10, 2018, 09:49:54 PM
 #1068

Most likely, now bitcoin is mostly an asset. As a currency, it only gets its development.
torres99
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April 11, 2018, 12:01:58 AM
 #1069

For me currency and asset is same . bitcoin is asset becuase many people keep it for their future money and because of this value people use this to buy anything that they want like paying bills or buy a stuff  . bitcoin is currency becuase bitcoin give a profit to us
mardid 85
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April 11, 2018, 12:18:25 AM
 #1070

It is depend upon the person Bitcoin is currency or asset. In my view if you keep bitcoin for your future it will be asset for you as we are seeing the rate of bitcoin is having proven track record.

If we are using bitcoin to run our family and for other financial requirement bitcoin role will be as currency.
EVIAJOHNPAUL
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April 11, 2018, 12:34:55 AM
 #1071

bitcoin are the asset for many need of people but its depend for the user how they get bitcoin it either to currency or asset just make a better for invest to expand the money or value per bitcoin while the people work it by using bitcoin for the asset to buy anything and make a better life soon
naldal barcelona
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April 11, 2018, 12:42:48 AM
 #1072

Bitcoin is yes and indeed an online currency which we can use to buy things not just online but also to the stores which is already accepting bitcoin as payment and bitcoins are also an asset which the price keeps increasing and its value is getting higher making bitcoin one of the most favorable online digital asset. As long as you are able to maintain a good amount of bitcoins then you will see great results.
bjmpoker001
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April 11, 2018, 04:17:26 AM
 #1073

bitcoin is both currency and asset. if you are using bitcoin for trading, it is more like asset and stocks.
if you using bitcoin for paying something, it is more like a currency for me.

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ElizRu
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April 11, 2018, 05:01:25 AM
 #1074

It seems to me that this and that and that is more. With the help of bitcoin and, in general, the blockchain systems, the situation in the world is changing.
pekcoin01
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April 11, 2018, 05:06:52 AM
 #1075

Bitcoin is not a currency. Bitcoin is an asset for investment purposes. Something that is human production. I do not know if it will be a common currency in the coming years. I do not give a damn chance.
toop548
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April 11, 2018, 06:32:24 AM
 #1076

What Bitcoin and assets have in common is that bitcoin can pay for or buy goods. The difference is that the value of bitcoin has more room for growth. Bitcoin will bring us more profits.
rohican
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April 11, 2018, 06:40:36 AM
 #1077

Bitcoin I think is closer to digital assets than currency. This is evident from many regulations that prohibit direct transactions using  bitcoin. Maybe the high fluctuations that make it not qualified as currency.
ipbitrung01
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April 11, 2018, 06:42:40 AM
 #1078

For me Bitcoin is a currency to pay bills to serve people easily, quickly, economically, and conveniently. But Bitcoin is also exchanged by investors and hoarding can also be considered a kind of asset.
One thing I can say is that Bitcoin is always valuable and will increase in value over time. And the fluctuations are just instantaneous and follow the rule of decreasing - increase.
dvmd
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April 11, 2018, 06:55:23 AM
 #1079

I think its an asset more then the crypto currency. As we are observing its making new records on weekly basis and may be it  can be worth a property in cmng years. So bitcoin is an asset according to me.
yujli
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April 11, 2018, 07:00:52 AM
 #1080

Bitcoin’s very volatile prices have reignited the debate about its usefulness as a currency or as an asset. In some ways, Bitcoin suits the definition of currency quite adequately but if the volatility is less. It allows for the creation of secure and transparent transactions. Thus, can be used as a secondary currency in future. Some of the experts have huge concerns over its volatility. But, sooner or later the prices may remain less volatile as of today.

I have mentioned few points about Bitcoin as a currency or as an asset in my article here: https://atozforex.com/news/is-bitcoin-a-currency-or-asset/

What's your opinion about BTC as a currency or an asset?

Suggestions and comments appreciated  Smiley Wink
Bitcoin can be used to buy some products, so I think Bitcoin is now just an asset or investment. Bitcoin has not yet been used as a property of currency (monetary attributes require stability). The huge price fluctuations make Bitcoin look dangerous. It will take a long time for Bitcoin to become a currency in the future.
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