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Scorpion
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September 29, 2017, 04:19:10 AM |
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I believe Bitcoin to be more of an asset because an asset is something that can generate more wealth and can snowball and provide passive income as well.
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jamids
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September 29, 2017, 04:23:08 AM |
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Bitcoin has a limited use for now as a currency because there are so many stores and establishments that doesn't accept it as payment optionyet so I am considering it as an asset. Bitcoin is a good way to invest money because it keeps on growing year after year. There may have been some downfall in the past but then after that, it will continue to grow because many are trusting it and support it. It has a strong support from its community and many people are getting aware of it everyday.
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Dmitry.Vastov
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September 29, 2017, 04:24:03 AM |
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I think of bitcoin as an asset and also a currency as it appreciate in value over time which is a characteristic of an asset and also we can use it to transact with people no matter how far they are which makes it a currency. But i mostly use my bitcoins as an asset as I tend to store my bitcoins for a future increase in price.
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Ajan08
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Activity: 42
Merit: 0
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October 04, 2017, 11:27:21 AM |
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Its may be an asset or currency,
Bitcoin as an asset
Bitcoin can work well as an asset. Also, it can be stored securely and cheaply. Moreover, cold wallets are the best way to store your Bitcoin safely. Bitcoin is also easily exchanged in various exchanges like the Coinbase.
As a store of significant worth, Bitcoin is much more basic and secure than other genuine resources. For instance, the land is a store of significant worth, yet all property requires support and taking care of to create the return. Indeed, even empty land requires some progressing costs, with property taxes and legal requirements.
Moreover, various regulators have endeavored to lawfully arrange Bitcoin and different cryptographic forms of currency. Many organizations as of now regard Bitcoin as an asset. The expansion in hedge fund investments and prospects exchanging through LedgerX additionally demonstrates that Bitcoin has potential as an asset.
Bitcoin as a currency
Bitcoin also has potential as a currency or maybe a ‘Global currency’. New companies have been created to allow Bitcoin to be used in a much more user-friendly way. Many BTMs do exist, but the deployment rate is slow due to the cost of producing, placing and marketing. However, BTMs are still the best solution, since they require a customer’s physical presence and easily accessible by everyone.As of now, asset or currency, Bitcoin remains volatile. However, Bitcoin’s dual nature may be responsible for the volatility. As the market begins to shift toward new and better ways to provide liquidity, market stability should increase like Forex market.
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Renampun
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October 04, 2017, 11:31:16 AM |
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I think Bitcoin is an asset, but many say Bitcoin is a currency, whatever it is Bitcoin that I definitely think Bitcoin is my current income ..
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Bruce Wayne
Member
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Activity: 98
Merit: 10
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October 05, 2017, 08:45:46 PM |
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Both? I think of it as a currency - but isn't a bank account full of millions considered part of your assets?
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Join My Newsletter (Free) By Shooting Me A Message On Here With Your Email Address. 1st Newsletter Goes Out in December! Happy Trading.
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lionheart78
Legendary
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Activity: 2982
Merit: 1153
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October 05, 2017, 09:55:04 PM |
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I believe they are both. Bitcoin is introduced as currency so by nature it is a currency. And as time pass by we saw bitcoin flutuating wildly in an upward trend so defiitely Bitcoin is a good store of value and this define asset. Bitcoin being a currency and an asset is a great thing to be involved in its community and take advantage of different benefits we can get from it.
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atc1-REAL
Member
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Activity: 101
Merit: 10
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October 05, 2017, 10:00:43 PM |
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Right now, btc has a bad rap in general for being accepted widely as a currency . If you remember, in 2013 a Lot of sites worldwide started to accept btc but within the year a lot of them stopped it and switched their payments to only fiat. So while it's not doing it's function of being a currency very well, it's behaving like an amazing asset.
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Bitcoincole
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October 05, 2017, 10:29:44 PM |
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Asset or currency? First what is crypto CURRENCY, bitcoin is so let's have the fact that bitcoin is a currency. We have a check with it right now. And how bitcoin can be an asset, just like gold, jewelries, land properties, bitcoin can be an asset because it has a value that you are protecting.
Bitcoin is basically a currency more than an asset because it is a cryptocurrency can be exchange in a normal currency without any problem. Further more it is valuable in the financial market than any other. |
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rhamzter
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October 05, 2017, 10:48:24 PM |
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Asset or currency? First what is crypto CURRENCY, bitcoin is so let's have the fact that bitcoin is a currency. We have a check with it right now. And how bitcoin can be an asset, just like gold, jewelries, land properties, bitcoin can be an asset because it has a value that you are protecting.
Bitcoin is basically a currency more than an asset because it is a cryptocurrency can be exchange in a normal currency without any problem. Further more it is valuable in the financial market than any other. Definitely it is a currency, if can't notice you can used it as exchange of anything with value. But it's also assets, if you are investors and you invest in this coin teen you hold it for long run of time it will become an asset. Because their value also will raising up when months or years past. |
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tabas
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October 05, 2017, 10:52:34 PM |
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Majority says that bitcoin is a currency and it's tag line is it is a cryptocurrency so it's clear that it is a currency. Maybe if the tag line will be changed into cryptoasset then I might consider it calling an asset but literally many of us treats bitcoin as an asset, it's quite confusing with this type of question but it depends on how you use it. If you use it as an investment then it's an asset and if you use it for purchasing then it's a currency.
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xaxistech
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October 05, 2017, 10:55:15 PM |
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I only think that bitcoin is a cryptocurrency, i dont know why some people are saying that bitcoin is an asset.
An asset are those coins that are created based on other cryptocurrencies, like ERC20 tokens, that are created with ethereum technology. So bitcoin is not an asset, and it has been considered as a normal currency in the last few days.
So everytime more people is adopting bitcoin.
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BUK2016
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October 06, 2017, 05:40:42 AM |
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Bitcoin serve as a store of value because of it volatile nature and equally serve as a currency like any other currency but mainly refer to as crypto or digital currency as many usually refer to it.
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ekoice
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October 06, 2017, 06:42:18 AM |
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Bitcoin is truly a digital currency.But what for it is mostly used decides whether it is now a currency or an asset.Earlier,it was mostly used as currency.But now things have almost changed upside down and now with its rapid increase in price from $650 to $4,300 within a year,most people have started to consider it as a valuable asset which could give huge returns.So,its quiet clear that in future too,it would be mostly used as an asset and only minority people would use it as a currency.
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fishbonez11
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October 06, 2017, 06:42:54 AM |
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Technically speaking, bitcoin is a currency. It is a decentralized digital currency. But when we speak of its value, I can also say that it is an asset because of how its price appreciate overtime.
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r1nd3m1r4
Newbie
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Activity: 47
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October 06, 2017, 06:45:13 AM |
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bitcoin can indeed be called as one of the best assets, especially the more people who invest their money in bitcoin, therefore there will be certainty one day bitcoin prices will be very high and become one of the most valuable asset for people who understand
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Kuchiyose
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October 06, 2017, 06:46:02 AM |
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Technically speaking, bitcoin is a currency. It is a decentralized digital currency. But when we speak of its value, I can also say that it is an asset because of how its price appreciate overtime.
That's right, bitcoin is a digital currency that has a selling price and can be an asset for the future  |
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chickenado
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October 06, 2017, 06:53:12 AM |
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Technically speaking, bitcoin is a currency. It is a decentralized digital currency. But when we speak of its value, I can also say that it is an asset because of how its price appreciate overtime.
It really is a currency for it holds a lot of different currencies itself however, it can be also called asset at the same time due to its significance of the ownership of investor's property within a particular establishment regardless of the price that it has. Though it has an unpredictable status that may drop its value at times but then we always make sure that we meet the value onwards through using other coins or the rest of the bitcoin for trading or holding. |
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1BTC EQUALS 1CAR
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October 06, 2017, 07:02:17 AM |
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They are both for me and valuable at the same time. It it really an asset but because people are accepting it as a form of payment therefore it is a currency.
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TheGodson
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October 06, 2017, 07:06:15 AM |
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Bitcoin is an asset. Eventually, one day, it will become a currency, but at this time it is mostly an asset. There aren't too many places where Bitcoin is accepted. I live in Michigan and never once have I seen Bitcoin as an option to buy something or act as a medium of exchange. In other words, Bitcoin really isn't even money.
Even the US government doesn't recognize Bitcoin as a currency. Instead it treats it like an asset. Bitcoin pretty much acts like a stock and in a lot of ways is one.
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