summerbray
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April 12, 2018, 05:26:39 AM |
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Yes when the price was less that time people used it as a currency and did many transactions. But when the price was crossed from $1k to $3k in just 1 month it changed people mindset and made them to hold bitcoin. From here people started to treat bitcoin as an asset.
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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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cris ronaldo
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April 12, 2018, 05:56:51 AM |
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It should be taken into account that crypto money, which is regarded as an investment instrument for some people, can also be used in illegal activities, since the market in which the crypto money is circulated is not available to be inspected by any official authority or guarantor institution.
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Tusher1234
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April 12, 2018, 06:12:18 AM |
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Yes, bitcoin is a currency I think.Some countries use bitcoin like currency.In Japan they use BTC as currency.
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ekeh
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April 12, 2018, 06:25:46 AM |
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Bitcoin is digital currency that is acceptable all the world, in other words, is an asset, because people trade on it, and many invest on it too. At the same time is an asset and also a digital currency.
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WorldBiz project
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April 12, 2018, 06:27:35 AM |
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Asset as you still cannot pay with it anywhere
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Periodik
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April 12, 2018, 06:31:57 AM |
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I think bitcoin is an investment asset in digital form and bitcoin can not be used as a means of payment when used as a means of payment will be difficult for users to transact so bitcoin can also be called a digital gold investment so it is clear that bitcoin is not a currency but rather an asset to invest .
Why do you find Bitcoin impossible or at least difficult to use as a means of payment? Have you not tried it yet? It is as easy as pulling a bill from your wallet and put it on the table. It is different only in that you will be pulling out your smart phone instead of your wallet from your pocket. Bitcoin is more of a currency before it is an asset to invest. |
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Epimetheus
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April 12, 2018, 03:47:37 PM
Last edit: April 12, 2018, 03:57:46 PM by Epimetheus |
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I think bitcoin is an investment asset in digital form and bitcoin can not be used as a means of payment when used as a means of payment will be difficult for users to transact so bitcoin can also be called a digital gold investment so it is clear that bitcoin is not a currency but rather an asset to invest .
Why do you find Bitcoin impossible or at least difficult to use as a means of payment? Have you not tried it yet? It is as easy as pulling a bill from your wallet and put it on the table. It is different only in that you will be pulling out your smart phone instead of your wallet from your pocket. Bitcoin is more of a currency before it is an asset to invest. Actually bitcoin can be considered as both a currency and an asset.People use bitcoin for their day to day transactions and also use as a mode of payment.This is the feature of a currency.People hold their bitcoins for future price rise.This is a feature of an asset like gold.People do this to earn profits in the future.Bitcoin is an opportunity to earn a lot of money in a lesser duration of time.It is the topmost cryptocurrency even when the prices are down. |
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Core.BUSTER
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April 12, 2018, 10:07:02 PM |
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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   Bitcoin is pretty much adaptable to what you will need whether it is for payment or for investment. The debate whether bitcoin should only be considered as a currency or as an assent really questions me. Then I realized why do we have to discussed about this. I love them both. So whether it is a currency or an asset or both, bitcoin has helped many of us and we should appreciate it more by encouraging other people to participate in this innovation too. |
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Core.BUSTER
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April 12, 2018, 10:37:05 PM |
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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 Bitcoin is an efficient currency if you ask me because I think the fees are fair enough and the products you can avail with bitcoin are increasing in the market. But also, bitcoin has a great potential in investment. Being an unpredictable asset, bitcoin's fluctuation can played to your advantage to earn some in trading or wait for a long investment. Both are really good for our economy for me so I say that bitcoin is both an asset and a currency. |
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xxxRaidysxxx
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April 12, 2018, 11:01:45 PM |
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Think bitcoin - both currency, and an asset. the bitcoin is an online currency, and I can tell that it is an asset because the bitcoin gives to people the chance to earn money and also we can invest and save and always control balance
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melekseverce
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April 12, 2018, 11:02:26 PM |
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I would say both because you can use it as a currency in a way that you can exchange in a literal currency while an asset in a way that you can hold/save it for long term.
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lfc_san
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April 12, 2018, 11:35:06 PM |
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In my opinion, currently bitcoin can be said as a currency and also an asset. When I invest in bitcoin, this means I have an asset in the form of bitcoin. And when I sell my bitcoin to buy something, this means my bitcoin as a currency. |
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shesheboy
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April 12, 2018, 11:40:19 PM |
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In my opinion, currently bitcoin can be said as a currency and also an asset. When I invest in bitcoin, this means I have an asset in the form of bitcoin. And when I sell my bitcoin to buy something, this means my bitcoin as a currency. Correct. bitcoin is both asset and a currency (preferably a digital currency ) as it is populary known to work on most online transactions but investing isnt the only way to tell that bitcoin is an asset because there were also many ways in order to use bitcoin as a form of asset. few examples is trading , gambling , in other business ideas , etc... while on the other hand it is indeed considred a currency when we use it for buying something and as well as when we convert or sell it for cash and any other local currencies. |
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TERA
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April 12, 2018, 11:41:11 PM |
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Actualy bitcoin is a currency but because of the supply and demand the price goes up and down so also we say that bitcoin also is a form of asset because when you are holding your bitcoin and dont sell it for a long time you can also earn it.
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Lang09
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April 12, 2018, 11:59:02 PM |
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For me as of today people treats bitcoin more of an asset rather than currency. Due to the fact that most if not all of the people who has bitcoin is not usually using it in exchange of goods and services they wanted to procure and the reason is obvious there is not much of a stoe or shop that readily accepts bitcoin as payment yet. You still have to convert it back to fiat before you can purchase something.
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Wahyu aep
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April 13, 2018, 12:46:25 AM |
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many people are adopting bitcoin and making it rise. and this will probably last at least 5 more years. SegWit and LN will most likely speed up this process as this is the end of the scale debate and continues with it. and also because it increases capacity and enables transactions If you consider it an asset then you do not need to use bitcoin for everyday purposes, you tend to think about long-term prospects and the fact that bitcoin serves as a medium of exchange every day. This is more perfect if we consider it as a currency that has a double role as an investment asset.
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David Van
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April 13, 2018, 01:06:43 AM |
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Bitcoin is just an asset before when it as very cheap and no one expected that this coins value will bloom in the next few years and it become a currency because everyone is using it to buy products online just like credit cards.
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florinda0602
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April 13, 2018, 01:09:57 AM |
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For me as of today people treats bitcoin more of an asset rather than currency. Due to the fact that most if not all of the people who has bitcoin is not usually using it in exchange of goods and services they wanted to procure and the reason is obvious there is not much of a stoe or shop that readily accepts bitcoin as payment yet. You still have to convert it back to fiat before you can purchase something.
Bitcoin is purely a digital currency, it only became an asset to others when they put investment on it, big amount of investment and thats the time they treat bitcoin as an asset. |
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Boromon
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April 13, 2018, 02:33:31 AM |
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I think its both for me. Bitcoin is a digital currency, it can be converted anytime. Bitcoin as an asset because if you keep it you will secure your future. You can also use it buy online or even in investing online.
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DoublerHunter
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April 13, 2018, 05:15:52 AM |
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For me as of today people treats bitcoin more of an asset rather than currency. Due to the fact that most if not all of the people who has bitcoin is not usually using it in exchange of goods and services they wanted to procure and the reason is obvious there is not much of a stoe or shop that readily accepts bitcoin as payment yet. You still have to convert it back to fiat before you can purchase something.
Bitcoin is purely a digital currency, it only became an asset to others when they put investment on it, big amount of investment and thats the time they treat bitcoin as an asset. It is a digital currency but you cannot spend it like how you spend your fiat money online and that is why it is just an asset and only good for investment and not for being a currency because if you have bitcoin then you doesn't have that chance to spend it in the online shops but to just hold it and wait for the price to go up so you can have the profits to spend by converting it into fiat. |
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