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Author Topic: Is Bitcoin a currency or asset?  (Read 12745 times)
Ericparker
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March 09, 2018, 01:58:27 PM
 #921

In my opinion its covered both way. those who want to use it currency so they can easily. Also, If anyone want to save some assest like House,plot etc, so bitcoin is good choice for them.
Gamix
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March 09, 2018, 02:01:10 PM
 #922

Depending on the purpose- Bitcoin to purchases and money transfers of for investing/trading Smiley
tikaka
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March 09, 2018, 02:17:15 PM
 #923

That depends on the views of many. . Both are really good. It's really very potential in the future. Bitcoin will be a valuable asset. If you keep more bitcoin it will bring you more profit in the future. Bitcoin is also considered a useful payment method. The future payment potential of bitcoin will be greatly improved.

88jewel
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March 09, 2018, 02:22:19 PM
 #924

It’s more of a currency now than an assets but sooner or later it can be both once it’s already accepted worldwide.
PottoBit
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March 09, 2018, 02:54:25 PM
 #925

i think right now is an asset like golds or Painting but ofc it could be used like a currency
frank2018
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March 09, 2018, 03:06:50 PM
 #926

First of all, I don't think you can compare the word Asset to a Currency. This is simply because anything we purchase will be called as an asset and its currency will depend as to what value did you used. Is it in dollars?euro?bitcoin? These are the currencies. I think you should say it this way. A bitcoin is a currency. When you invest it that becomes an asset. Simple accounting.
youngagethinker
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March 10, 2018, 12:34:44 PM
 #927

For me is BTC both. I use BTC for payments as same as I keep my another BTC as an asset for next years.

It is designed to be like this, that's why BTC is almost close to perfection. Remember the early days of gold where it is just another currency that don't have that much value, but through the years, gold has earned the reputation. How about mining? Gold and diamonds need to be mined in order to get some without relying on others. And cloud meaning is the same, in order to get the remaining BTC, miners must do their work or else there are no people who will drive the network and the supply won't be able to increase anymore. In the meantime, you can use it as a payment, and as an investment too, in the long run.

Jerzzz
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March 10, 2018, 12:36:38 PM
 #928

Based on what I see from the company of bitcoin they are both of this in the human’s life.
They are currency which you can exchange for profit through the process of trading and asset which serve as a back-up plan in our future to become successful and become financially stable.
keroykeroy
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March 10, 2018, 12:49:17 PM
 #929

Almost the same one thing word i can say bitcoin is "value". like it or not but true, a very high value! Sometimes going down but foremost it will paid back the exact currency and best amount.
CryptoCare55
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March 15, 2018, 09:21:35 AM
 #930

Bitcoin is currency as well as an asset. It depends on how you look at it. It carries features of currency as it is a medium of exchange, though it is decentralized and n government has right to control it, it carries fungible nature, it has durability and allows transferability.

On the other hand, it is an asset as well, you can invest in Bitcoin for a long time as it holds some great value and thus yields great some when sold. You cannot trade with the asset and have to keep it as it is for a certain span of time till its value rises.

Now that, it can be both it’s totally your call to consider it as an asset or currency.
irfandi m hasan
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March 15, 2018, 09:42:22 AM
 #931

For me, Bitcoin is not yet a currency because it is not yet legally accepted worldwide but it is certainly an asset. It has value that's either appreciate or depreciate depending on the market. I think in the near future, Bitcoin can considered a currency once legalized.
I agree with you, it would likely be considered valid bitcoin as currency, but bitcoiner can only wait until the bitcoin will be unveiled
Mantisa83
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March 15, 2018, 09:44:00 AM
 #932

Bitcoins should be the standard. anything that can be controlled or manipulated by humans will be abused.
KRISTINNIE96309
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March 15, 2018, 09:49:07 AM
 #933

In my opinion we should seem bitcoin as a currency. Why? Cuz we can use it to trade, to pay fee, pay bill. It has much more advantages than other currencies now. Besides, bitcoin also has some disadvantages, so we still don't know about its future in many years later. But now let's see it like a currency.
diguyo
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March 15, 2018, 09:53:24 AM
 #934

It's an asset.

It can't be a currency unless it's useable to buy products and serves commonly. Until I can buy a loaf of bread - it be instant, without a fee - then it can't be considered as a currency. Until I can receive bitcoin for my day-to-day job, it can't be considered as a currency. It's nowhere near as useful or as stable as FIAT, or as accepted. I mean, that's obvious, but the point is...if bitcoin wants to be a currency, it's a long long way away from that right now. Until it changes (and it does have to change) it'll never be a reliable global currency in line with how many perceive/hope.

lythanhbinh
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March 15, 2018, 09:55:12 AM
 #935

BTC is not currency now because many country don't want to accept it.

I prefer to cal it is an asset. If you keep it for a long time, then it will become an asset.
IlbiStarz
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March 15, 2018, 09:59:26 AM
 #936

my opinion bitcoin is a valuable asset seen from the beginning appears to have made people curious up to now, an asset that is quite valuable because the price can be high every year as well as the demand of many people but did not rule out it could be the second currency
#CR7
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March 15, 2018, 12:32:21 PM
 #937

i think bitcoin is more subsequent to an asset. Because currency is defined as a maintenance system that is commonly used in a nation or country. Since there is no specific country that uses bitcoin as currency it is more likely as asset. Its an asset because its value fluctuate and its value compared to its last year's equivalent is much sophisticated now.
jaaeeeyyyy
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March 15, 2018, 01:17:49 PM
 #938

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 really fall on both category, even if it was created to be a currency and be a means of payment and reward its price climbed so high that it became an asset specially if you hold it long time ago. Bitcoin can use as currency to buy and sell, send or receive amount also it is an investment in a long term because of price fluctuation where price varies.
spiritguardcharles
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March 15, 2018, 02:08:40 PM
 #939

In my opinion,i think bitcoin is an asset not a currency.Why? based on the definition of currency,it's a system of money which is generally accepted or in used in a particular country.Yes,it's only applicable for those countries who accept bitcoin as a legal tender but we can't still deny the fact that it's not globally accepted as a unit of currency which is why for me it's an asset since it can be owned and became a intagible property,Also it holds a value which can be used as a payment.

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serverus
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March 15, 2018, 03:21:52 PM
 #940

Well bitcoin is more like an asset. Because currency is defined as a money system that is commonly used in a nation or country.
 Since there is no specific country that uses bitcoin as currency it is more likely as asset. Its an asset because its value fluctuate more often compared to its last year's equivalent is much higher now.
Its value continuously growing makes it very much profitable for investors..
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