|
Cherylstar86
|
 |
August 22, 2017, 01:36:16 PM |
|
Its an asset with future currency potential.
let me correct you, it is a currency with future assets potential, because when you buy bitcoin you pay currency and you can also make dealing with then, so as you know you can’t make deals with the assets, only currency makes the deal. So in start it is currency because it have same price, but when you hold it for a long then it will turn to be growing asset which really going to make rich. I agree with that mate, an asset is capable to grow of it's value in the future. The currency is always considered as an asset specially with crypto currency nowadays like holding it for long term investments whether it's purchased or earned from bounty campaigns. If other people seems to understand it in different way like no investments of campaigns, but the idea is wrong and for me you invested your time and your mental skills. So even if you have investments of personal money you had with crypto currency or having micro jobs like bounty campaigns' still it's a part of an asset. |
|
|
|
|
|
|
|
|
|
According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
TheGodFather
|
|
August 22, 2017, 02:00:24 PM |
|
definitely, it is an asset, but I believe it gonna be a currency soon when it is officially legalized
it is not just like an asset i believe that , it could be a currency too, i believe that everything that has a value and it tradable in the market is also a currency that when people has it , it can be their assets too. thats the thing that i know and i believe. but whether they call them an asset or a crytocurrency i dont care as long as it has a value its my wealth. |
|
|
|
|
|
Domenc
|
|
August 22, 2017, 02:10:29 PM |
|
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   I think it is a crurrency and asset at the same time. I think nowdays, when information century is in progress... more. and moree assets will apear that have just air behind. But I rather have something behind. Like in old days when American dollar was backed by gold. |
|
|
|
|
|
MostHigh
|
|
August 22, 2017, 02:12:44 PM |
|
Generically, it is a currency and a currency is an asset for the holder, being it a state, a subregion or even the individual holding it in the wallet. The economic nature of our market influenced by stocks, deflation and inflation makes every currency an asset unless the central government/ bank decides to phase it out of the system without offering compensation to holder. But bitcoin qualifies very well as an asset since its management is not from a governing body but in the hands of the holders and remember the more it becomes accepted in transactions the higher the chances of suiting the definition of a currency
|
|
|
|
|
YuginKadoya
Legendary
 Offline
Activity: 3038
Merit: 1169
|
|
August 22, 2017, 02:13:57 PM |
|
definitely, it is an asset, but I believe it gonna be a currency soon when it is officially legalized
it is not just like an asset i believe that , it could be a currency too, i believe that everything that has a value and it tradable in the market is also a currency that when people has it , it can be their assets too. thats the thing that i know and i believe. but whether they call them an asset or a crytocurrency i dont care as long as it has a value its my wealth. Gold has value too I really think it will depend on the country you are using bitcoin, if that country can use bitcoin as a transaction directly then then can surely call bitcoin as a currency but if bitcoin can not be use as a direct transaction then they may call it an asset, or they can surely all bitcoin as both because they can surely exchange bitcoin with other currency of Altcoins and use it to buy directly. |
|
|
|
|
|
Vishnu.Reang
|
|
August 22, 2017, 02:16:12 PM |
|
Bitcoin was supposed to be a currency rather than an investment asset. But IMO, Bitcoin's role as a currency is almost finished as of now. The reasons are:
1. High fees has made small and medium transactions very expensive.
2. Huge delay in payments have reduced the attractiveness of Bitcoin payments.
3. Bitcoin has given more than 2,000% returns during the last 18 moths.
|
|
|
|
|
|
nrvasquez
|
|
August 22, 2017, 02:19:06 PM |
|
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 .
I also agree with you, bitcoin can be as an asset and a curency. Now many people buy an item with bitcoin, and that I'm sure we can call it an asset and we can call it curency because many people hold bitcoins for an unspecified time until they get a profit. |
|
|
|
|
micher143
|
|
August 22, 2017, 02:20:53 PM |
|
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
I also see bitcoin as both currency and asset that can give opportunity for people to earn if they will used it in a good way. So the best thing to do is to actually do thing for people to learn Bitcoin system and to learn thing on earning Bitcoin just like trading, investment and transactions. Bitcoin is a form of crypto-currency that can be a good form of transaction that can serve as a good option for people to make transaction on businesses state that could bring people a good profit for the future. |
|
|
|
|
|
GrayFullbuster
|
|
August 22, 2017, 02:22:12 PM |
|
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 I think bitcoin is a currency and asset. Bitcoin is one of the cryptocurrency, it means that bitcoin is a digital currency. Bitcoin is considered a asset because many people hold it for their future purposes. |
|
|
|
|
layoutph
|
|
August 22, 2017, 02:26:36 PM |
|
For me Bitcoin is both asset and currency. I kept and treasure Bitcoin as an asset as the price grows so fast along with my investments. I also use my Bitcoin as cash to pay my electricity bills and waterbills. BTC is very convenient.
|
|
|
|
|
|
chickenado
|
|
August 22, 2017, 02:26:59 PM |
|
definitely, it is an asset, but I believe it gonna be a currency soon when it is officially legalized
it is not just like an asset i believe that , it could be a currency too, i believe that everything that has a value and it tradable in the market is also a currency that when people has it , it can be their assets too. thats the thing that i know and i believe. but whether they call them an asset or a crytocurrency i dont care as long as it has a value its my wealth. Gold has value too I really think it will depend on the country you are using bitcoin, if that country can use bitcoin as a transaction directly then then can surely call bitcoin as a currency but if bitcoin can not be use as a direct transaction then they may call it an asset, or they can surely all bitcoin as both because they can surely exchange bitcoin with other currency of Altcoins and use it to buy directly. It can be both since it can serve as an investment. At the same time you can hold it for good. I somehow agree with that when it comes to direct transaction case. The good thing with bitcoin is that it will have a great amount of profit if you hold it and pumps higher for some months though it's not fixed but keep on updating while for some ways if it's like a gold,the value keeps rising for ling years without fluctuations. Gold is a timeless asset which can't be gone in the world of trading and in business. It is what we consider as constant thing and still the best. Bitcoin is somewhat promising to be like gold. So both cryptocurrency and asset. |
|
|
|
|
bitcoinmasterlord
Legendary
Offline
Activity: 1148
Merit: 1006
|
|
August 22, 2017, 03:21:18 PM |
|
For me Bitcoin is both asset and currency. I kept and treasure Bitcoin as an asset as the price grows so fast along with my investments. I also use my Bitcoin as cash to pay my electricity bills and waterbills. BTC is very convenient.
When the price was under $1000, i used bitcoins as a currency like you to pay my bills and will purchase if i want anything in online, not with direct bitcoins I will convert to fiat and do online shopping. But when it crosses $1k and reached fastly to $2k. i stopped to use my bitcoins as currency and start to use it as an asset. |
|
|
|
|
TrueCryptonaire
Legendary
Offline
Activity: 1092
Merit: 1000
|
|
August 22, 2017, 03:24:21 PM |
|
Bitcoin is now shifting from being a currency to more of a store of value like gold, so I store the extra money I have in cash to convert it to bitcoins. So bitcoin have become more of an asset to me.
|
|
|
|
|
|
Quidat
|
|
August 22, 2017, 03:27:17 PM |
|
For me Bitcoin is both asset and currency. I kept and treasure Bitcoin as an asset as the price grows so fast along with my investments. I also use my Bitcoin as cash to pay my electricity bills and waterbills. BTC is very convenient.
This is what im doing as of now on which i do treat bitcoin as both which is an asset and at the same time as currency because i do make saving of it and keep it for long term purposes and at the same time i do really use it to pay up bills and loading my mobile phone and buy online game credits which is really good. We do have different views on bitcoin on which this thread would expect to have different answers for sure. |
|
|
|
|
tittensor
|
|
August 22, 2017, 03:30:12 PM |
|
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 I think bitcoin is a currency and asset. Bitcoin is one of the cryptocurrency, it means that bitcoin is a digital currency. Bitcoin is considered a asset because many people hold it for their future purposes. Yes, depends the way we use Bitcoin, the definion about Bitcoin will change. Really, Bitcoin with my family as the main income and most things I boungh in recently are from the salary I earned in Bitcoin. This is reason make me think Bitcoin are currecy and asset because I choose it for holding long term. |
|
|
|
|
|
Fappanu
|
|
August 22, 2017, 03:31:07 PM |
|
Currencies and assets. For the same reason bitcoins are currencies because we use them to buy what we want in fact it is now accepted by the company of today's famous cars. But we can also call it assets because we can store it and wait for the price to grow. I think the conversation will not end here because it has a reason to be a currencies and there is also a reason to become the asset. Let's see who we are weighing two and what it does for us.
|
|
|
|
|
CODE200
Sr. Member
Offline
Activity: 1442
Merit: 309
★Bitvest.io★ Play Plinko or Invest!
|
|
August 22, 2017, 03:41:21 PM |
|
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 .
Currently, in most countries we can't use Bitcoins directly to buy things either in any shops or online as well so I think as of now Bitcoin is only an asset or investment. If we need money then we need to sell the asset and use that money to buy other things. When we can buy things directly with bitcoins then we can consider it as a currency until that it is an asset. I know currently, we can use Bitcoins to buy some items online but still need to improve or grow a lot. There is actually a point how Bitcoin is made on transaction. It is a form of crypto-currency that can serve as an option for people to deal with payment and transaction to a specific business. And in terms on its price, it also vulnerable on achieving development on its price, value and transaction where it could bring people a good opportunity to earn and to make profit out of their money in the future investments or tradings. |
|
|
|
|
Aztek
|
|
August 22, 2017, 04:02:21 PM |
|
this is one of the pros of bitcoins, bitcoin is both, you can purchase from online using bitcoins, at the same time, bitcoins that are stored in your wallet is increasing in value. this is a trait that only cryptocurrencies have, for fiat money, they don't rely on anything it is not even backed up by gold, it is just a paper note, an i.o.u per se. in other words bitcoin has more value than the fiat we have, no wonder some people would like to use bitcoins payment for their songs, tthey know the value of.bitcoin and the future it will give us, having it now is an asset and still having it in the future will give you a fortune.
Bitcoin is created specifically on transaction and to serve as an option for a better form of transaction. And being a crypto-currency that is quite aligned to technology it is normal for Bitcoin to develop in terms of price and value which is a reason for Bitcoin to become a good asset on business and investments. If you are going to earn bitcoin it is much easier to deal with trading and investments where Bitcoin price and stock movement is a vital part for you to earn and to make transaction depending on your needs. |
|
|
|
|
|
Beicin
|
|
August 22, 2017, 04:22:11 PM |
|
The aim of bitcoin is to be a currency! People tend to forget that simple fact... its meant to be used on a day to day routine, on small stuff like groceries, bus rides and what not... this is why we cant have big fees and slow transaction times!
|
|
|
|
|
dobol
|
|
August 22, 2017, 04:26:54 PM |
|
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 If I think that bitcoin is an asset because many people hold it for profit rather than making it a tool for transactions. |
|
|
|
|
