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Author Topic: Is Bitcoin a currency or asset?  (Read 12729 times)
xvids
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November 02, 2017, 09:45:23 AM
 #461

Bitcoin is both a currency and an asset because bitcoin can be used for any transactions such as: trading, buying, sending money, and a lot more. Bitcoin is also a good investment that's why it can be considered as an asset. People can gain more income if they can hold bitcoin for a long time.

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qwerty_2134
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November 02, 2017, 09:51:08 AM
 #462

I think bitcoin is an asset since after a long time, bitcoin can use as an asset to pay for bills, utilities and other things.
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November 02, 2017, 10:01:16 AM
 #463

For me, bitcoin both a currency and asset. Let us not forget that bitcoin is a type of cryptocurrency and there are lots of cryptocurrency and bitcoin is only one of it and has a really high value. Bitcoin can buy things and that is what currency does. Bitcoin is also an asset because it can be a capital for starting a business. Everyone is scared of losing bitcoin which is considered an asset because you can produce more money out of it. You can also use it as a investment and let bitcoin produce its own profit.
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November 03, 2017, 09:45:53 PM
 #464

Of course, the asset, it is constantly rising in price, it is not profitable to spend it! The money is assumed to be a constant waste and constantly becoming cheaper, this is a natural process-inflation, it's like gold, only digital. Roll Eyes
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November 03, 2017, 11:16:03 PM
 #465

It was intended to be a currency.
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November 04, 2017, 12:33:22 AM
 #466

Well, I also see that bitcoin will be one of the most widely used currencies in the future. Because with the many advantages that are much better than the other currencies give the bitcoin a very big opportunity to be popular and used, even now I get the information that BAnk swiss in general sell Ethereum, bitcoin and bitcoin cash to its customers. So, we see in the future will definitely be much bigger

Currently I see bitcoin as a kind of property. Because I have not used bitcoin for daily payments. I sell bitcoin to get money when I need money. In the future, if bitcoin is used more widely, I would consider it a currency

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November 04, 2017, 12:58:27 AM
 #467

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.
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November 04, 2017, 01:00:47 AM
 #468

I agree with your opinion that bitcoin can be a currency or an asset, but I have a little more thinking that depends on the person's position when he needs money when it becomes bitcoin currency to meet his needs, when he is sufficient he can invest his bitcoin to be asset.
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November 04, 2017, 01:42:58 AM
 #469

Bitcoin is a digital currency and if you invest on it you will choose also to increase your money or also we can called an asset. All kinds of property tha have a value is an asset and bitcoin has a value. so we can say that bitcoin is both currency and asset.
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November 04, 2017, 01:53:40 AM
 #470

Bitcoin can be an asset and a currency, it will depend on you how will you going to use the bitcoin you can save as an asset for your future and still a currency because even though they say that bitcoin works independently from a bank, still if we want to exchange bitcoin to our country currency we still a bank.

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November 04, 2017, 01:57:19 AM
 #471

from my perspective, bitcoin is asset in term of investment in a long time. maybe, bitcoin can be currency to some people that they surrounded by payment that accepted bitcoin and have more than 1 btc. that's what i thought Smiley
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November 04, 2017, 02:31:01 AM
 #472

I think bitcoin is a currency on internet and also an asset for me because bitcoin can give some benefits for me which is I can save it for a long term.This is also a very good opportunity to make money on the internet right now .. I think so.
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November 04, 2017, 03:00:28 AM
 #473

It's both. There might be not much stores that accept them as payment, but it's heavily traded among individuals. Existing digitally, it's much more easier to use over the internet and i can very well see the possibility of it being the currency of it in the coming years.

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November 04, 2017, 03:11:58 AM
 #474

Bitcoin is both of them. It is asset due to its profit to us, many people keep it for their future money.
And be a currency because of this value people use this to buy anything that they want like paying bills or buy a stuff.
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November 04, 2017, 03:13:37 AM
 #475

I think its both bitcoin is the new cash bitcoin is far better than fiat because aside from being a medium of exchange where we can spend bitcoin to buy stuff and things we need its also an assets where we can put and invest our money in over time  

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November 04, 2017, 04:36:25 AM
 #476

I think bitcoin is both currency and property. In some countries around the world, people can buy bitcoin goods and use it as paper money and many people accumulate bitcoins to wait for the time to sell to make a profit like property.

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November 04, 2017, 04:46:54 AM
 #477

I think bitcoin is both currency and property. In some countries around the world, people can buy bitcoin goods and use it as paper money and many people accumulate bitcoins to wait for the time to sell to make a profit like property.
for me, bitcoin is more into currency and investment tools, and I think there are many people who think that way. probably many people who think as an asset. but real harmony, bitcoin is always used as an invasion tool, even more so for now.


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November 04, 2017, 05:17:06 AM
 #478

Bitcoin has the characteristics of a currency but currently Bitcoin is considered an asset by most of the investors. There are many reasons for this.
Firstly Bitcoin has not been accepted globally and hence is not used as a mode of payment everywhere.
Bitcoin is very volatile. A crypto whose value suffers fate like a rollercoaster is not considered reliable enough to be a currency.
Hence bitcoin has the potential to be a currency only when these factors are corrected.
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November 04, 2017, 12:01:59 PM
 #479

Bitcoin is considered an asset by most Investors. There are many reasons for this.

Bitcoin has the characteristics of currency but Bitcoin is not currently accepted globally and therefore not used as a payment mode everywhere.

Many stores have not received it as payment, but many
traded among Individuals.

Still, we want to exchange Bitcoin with our country's currency, as long as our country has not yet legalized it.
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November 04, 2017, 12:59:46 PM
 #480

Currently, bitcoin is used as an asset more than the currency,  as still many places bitcoin is not acceptable as currency,  but people keep on buying bitcoin as it's price increases on a constant ratio.  Bitcoin is continously growing and people keep on buying it,  because of the thought that it will increase in future in prices.   Bitcoin has not been accepted globally and hence is not used as a mode of payment everywhere. It is very volatile. A crypto whose value suffers fate like a rollercoaster is not considered reliable enough to be a currency.
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