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Wittycoin
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September 02, 2017, 06:47:21 AM |
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We can say that bitcoin is a currency and at the same time asset. Bitcoin is a currency because as we know it is a cryptocurrency and bitcoin can be used to buy things online. And bitcoin is an asset because it is really a valuable thing which is used for many transactions, like for trading, investing, and even gambling, also, many people do online job to earn bitcoin. A
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Scorpion
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September 02, 2017, 06:51:57 AM |
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To me it's an asset, assets can be used to generate more wealth and that's what Bitcoin does for me.
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boyptc
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September 02, 2017, 06:54:26 AM |
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We can say that bitcoin is a currency and at the same time asset. Bitcoin is a currency because as we know it is a cryptocurrency and bitcoin can be used to buy things online. And bitcoin is an asset because it is really a valuable thing which is used for many transactions, like for trading, investing, and even gambling, also, many people do online job to earn bitcoin. A
It's just the same to me either, bitcoin is a currency as it means we can use it to buy goods and almost everything just like the very usual fiat money. And it's also an asset, sign of ownership, giving you worth and this makes you want to get some more bitcoins because it will give you a lot of assets. Asset is an investment and bitcoin surely does a type of it. |
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k@suy
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September 02, 2017, 06:59:03 AM |
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Bitcoin is a form of currency but can be an asset when you invest with that. It is a currency, wherein you can transaction and pay your bills thrue BTC. Somehow, it can be an asset for you upon buying and holding it and consider it as your investment.
Well that is true, and in its white paper technically bitcoin is a currency. But it behaves like an asset and most people buy it for investment. They hold the bitcoin and wait it to rise which fuels the price hike due to limited supply circulating on the market. |
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Anonaneadone
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September 02, 2017, 07:11:17 AM |
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Bitcoin is both currency because it is a currency in the internet market and asset because you may have a profit if you hold it for a time but what is the relationship of currency to asset?
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Rifat403
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Activity: 28
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September 02, 2017, 07:14:49 AM |
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Bitcoin is both currency and asset. Actually bitcoin known as a currency but now days bitcoin likes a asset.
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Rj Manik
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September 02, 2017, 07:15:16 AM |
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I think,currently Bitcoin is my currency or asset.because at present i bear all my expenses with bitcoin.So this is my asset now.Whatever current bitcoin moving forward by winning the mind.
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slapper
Legendary
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Leading Crypto Sports Betting & Casino Platform
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September 02, 2017, 07:19:29 AM |
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In my opinion my bitcoin that i have is an asset because we have it and make some profit, hmm its look like my bitcoin like a weapon to make some profit hahahahaha, yes my bitcoin is my weapon to make profit fom trading bitcoin and cryptos
It is a currency to most of people but to me Bitcoin is also my asset. It is my job, my income. I'm just a high school student but thanks to Bitcoin I'm very independence now. My family is very poor after a "disaster". However, my life has changed a lot now. |
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skarais
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September 02, 2017, 07:34:50 AM |
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for me bitcoin is not just a currency alone, currently bitcoin is an asset that has an important role in my life, 50% of income I get from bitcoin, to be able to meet all the needs in my life.
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filharvey
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September 02, 2017, 08:07:09 AM |
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Bitcoin is created as a decentralized currency by satoshi.It was also used as a currency in its early stage when its price was very low.People used to buy goods and pay for services with bitcoin.It was also used for transactions as its transaction fee was very low.But,later its price slowly started to increase gradually with time.It started to attract the attention of investors all over the world.It made the price to increase more.People started to realize that bitcoin should be saved as a high return giving asset and should not be spent as a currency.Now,people buy bitcoins to hold as an investment and it seems in future also,bitcoin would not be used a s a currecy.
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BartS
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September 05, 2017, 05:19:10 AM |
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I treat bitcoin as an asset because as a currency, the transaction fee is way too high and another thing is there only a few merchant in my country that accept bitcoin so the only time i use bitcoin as a currency is when i want to buy something digital online.
It does not matter if bitcoin is not a very good currency to transact low amounts of money the point is that you can do it and since you can pay products and services with bitcoin then the only conclusion at which we can arrive is that bitcoin is money even if it has some flaws like high fees and slow confirmations, but fortunately for us this is going to get solved eventually. |
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vinc3
Sr. Member
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Activity: 309
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Make Love Not War
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September 05, 2017, 06:57:44 AM |
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As for me i can categorically say that it can be both currency and asset. Currency in the sense that you can use it in exchange with items or service, Asset-- due to the fact that its value is defying the norms when it comes to the traditional investment (constantly increasing). There are bumps in the road but i think its part of growth, without it it won't achieve its status as of the moment. Hopefully it will still rise, can't wait for it to grow more, not only in the financial aspect but on the liberation side (against the Old Bank System).
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TonyMark
Member
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Activity: 135
Merit: 11
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September 05, 2017, 07:04:09 AM |
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We break down the actual properties of Bitcoin and find that it is basically uncorrelated with conventional resource classes, for example, stocks, bonds, and wares both in typical circumstances and in times of budgetary turmoil. The investigation of exchange information of Bitcoin accounts demonstrates that Bitcoins are for the most part utilized as a theoretical speculation and not as an option money and medium of trade. Bitcoin is still little with respect to the extent of other resource classes and consequently does not represent an impending danger to fiscal, money related or financial strength.
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risk91
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September 05, 2017, 08:08:34 AM |
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We break down the actual properties of Bitcoin and find that it is basically uncorrelated with conventional resource classes, for example, stocks, bonds, and wares both in typical circumstances and in times of budgetary turmoil. The investigation of exchange information of Bitcoin accounts demonstrates that Bitcoins are for the most part utilized as a theoretical speculation and not as an option money and medium of trade. Bitcoin is still little with respect to the extent of other resource classes and consequently does not represent an impending danger to fiscal, money related or financial strength.
Is Bitcoin the currency of the future and it is not a asset. Asset is the not movabal case exampal land..... Etc. Not movabal case all asset product. Bitcoin is the currency you can change the any where. There are two big problems with bitcoin as a currency: its value is unstable and its transaction processing is too slow. Bitcoin is the best one. |
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mevmike
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September 05, 2017, 08:19:41 AM |
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Many people in here says it could either be currency or an asset... But if i will give it only one definition then i will say it is more of an asset rather than a currency... Nowadays the price of a bitcoin can dramatically increase or decrease in amount. Which is more typical of an asset rather than a currency... People also gives value to it, which is not really common for a currency... Therefore for me the way people uses it makes it like an asset instead of a currency... It may originally be created as a currency but as time goes on it has become a asset which an owner truly values.  |
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Bitcoin_Delivery
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September 05, 2017, 08:47:34 AM |
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Yes it is difficult to say that bitcoin belongs to an asset or currency but I am currently labeling bitcoin as an asset. because here we are just saving gold or valuables. but for my currency even less agree
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holtzmann
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September 05, 2017, 11:23:23 AM |
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If we speak about the legal field, Bitcoin is more of an asset in most countries rather than a currency.
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The Monkey King
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September 05, 2017, 11:45:59 AM |
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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   It is partly difficult to say whether a bitcoin is an asset or currency. But as for me, I am labeling bitcoin as an asset because in here we are just saving gold or valuables. And in addition, bitcoin is only an asset or investment because if we need money, we still need to sell that asset for it to become cash for us to be able to buy things. We know that we can use bitcoins to buy some items through online but still, bitcoin needs more improvement. |
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WaterPower
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September 05, 2017, 11:48:48 AM |
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BTC has both properties of assets and currencies. It originally started out as a method of currency, but as people realised it's worth and got more interested, it's values rose as a currency. Now it has gained the properties of volatility, and enormous potential to multiply, which is similar to assets. Therefore we keep them. So in the end, is it an asset or currency? I would say both.
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MetalGear
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September 05, 2017, 01:35:22 PM |
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I think it is store of value like gold and at the same time currency, similar to fiat money.
This makes bitcoin superior than both of them as well.
Well, I think bitcoin its not an asset and at the same time it can become currency. In addition to that, bitcoin is a digital money and currency that you can use in different kind of transaction. I guess bitcoin is the new currency and I believe that it will become world currency. |
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