hitchhiker
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September 06, 2017, 04:15:17 PM |
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A currency is a financial instrument that transports value.
An asset is any instrument / thing / object you keep hold of that's useful to you.
Therefore BTC can be both, depending on what you use it for.
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edynolan
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September 06, 2017, 04:23:03 PM |
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you already said that bitcoin is a crypto currency just different from the fiat currency where the price never changes but bitcoin in just a few hours the price may change, so some people menyimpnnya as an asset for their future because the possibility of bitcoin prices will increase
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NewBet
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September 06, 2017, 04:33:05 PM |
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It is both. I am quite certain fiat is considered an asset. And so is Gold. Therefore since Bitcoin is like virtual gold and has value, then it is both a currency and an asset. Are you asking this for your taxes?  |
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skorupi17
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September 06, 2017, 04:39:22 PM |
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Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
When we are talking about what Bitcoin really is, then it is a currency. That is the way the inventor made it. However, its nature forced it to be an asset. That is the reason Bitcoin is behaving more like an asset than a currency. We cannot neglect the fact that Bitcoin is still used as a currency for payment. Though others hold then like an asset, Bitcoin is still a currency. So in a way, we can say that Bitcoin has a currency-asset nature. |
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rockingdrip
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September 06, 2017, 04:39:56 PM |
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You can still buy things with it trade with it so it still have the properties of currencies and you can use it as assets also . This make btv unique from anything else.
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CarnagexD
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Leading Crypto Sports Betting & Casino Platform
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September 06, 2017, 04:43:41 PM |
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Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
It is both a currency and an asset that generates a lot of profits for you. It depends on the most of the point for people. Because there are a lot of different types of usage of Bitcoin in terms of transaction, investments and trading. But for me it could be better if we will look at bitcoin as same as a currency and an asset that could help us to earn. |
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SONG GEET
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September 06, 2017, 04:54:28 PM |
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Bitcoin is digital gold and we are in digital gold rush where everybody want to grab some bitcoin because its supply is limited and people are storing them just like gold rather than spending them on daily life. I am also just buying bitcoin and saving for my future and don't like to loss by just using it in stores.  |
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CODE200
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September 06, 2017, 04:59:00 PM |
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Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
I am the person who thinks that Bitcoin is an asset because the price movement is increasing rapidly. maybe what is meant by "bitcoin replace fiat" is people more interested to make money from bitcoin not with fiat anymore. It is not a bad thing to consider bitcoin as an asset becasue it actually have a asset characteristic that could help people on earning and could give people an opportunity to have a profit out of their money. But for me I would rather take bitcoin as both a currency for transaction and an asset for my investment and tradings. |
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Aztek
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September 06, 2017, 05:11:56 PM |
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I treat bitcoin as both currency and an asset but yes it is true that many people consider bitcoin as profitable investment opportunity with moderate risk of loss.
Looking at trading chart for bitcoin, anyone can notice how much profitable it is to just buy and hold bitcoin rather than spending in daily basis.
Treating bitcoin as both a currency and a asset if actually the best thing we could do to earn more at the same time have a partial floor it in terms of our trading , investments and transactions. |
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roadbits
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September 06, 2017, 05:43:01 PM |
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I treat bitcoin as both currency and an asset but yes it is true that many people consider bitcoin as profitable investment opportunity with moderate risk of loss.
Looking at trading chart for bitcoin, anyone can notice how much profitable it is to just buy and hold bitcoin rather than spending in daily basis.
Treating bitcoin as both a currency and a asset if actually the best thing we could do to earn more at the same time have a partial floor it in terms of our trading , investments and transactions. For me right now the Bitcoin is an asset to make my future bright. I don't treat this as currency and use it for silly things. If i required money, then i will use it as currency. But for a long time, i will keep bitcoins as an asset. I believe instead of investing in any land if we invest in bitcoins we can earn a big profit in short time. |
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pekingcoepo
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September 06, 2017, 05:51:22 PM |
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Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
The growth of the value of Bitcoin against fiat currency or official currency issued by a country can be said to be fantastic, even the current value of Bitcoin beats the price of Gold per ounce. Bitcoin is not very suitable to be used as a means of exchange of payment or money, because the change in value on increase and decrease has a big difference. Value Stability - one of the absolute conditions that money must have as a medium of exchange is not owned by Bitcoin. In addition, the increase in transaction file size and also the increase in the value of Bitcoin is equal to the increase or increase in the transfer fee. We can no longer expect cheap and cheaper transfer fees, because with the increase in Bitcoin's price equals the increase in fees for confirmation. |
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ropyu1978
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September 06, 2017, 06:21:03 PM |
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depending on one's perception. I think everyone has its own judgment.
for me, bitcoin is a virtual currency that can help me get rich. yes the asset is filling. in terms of ekomoni and as a means of payment. very profitable.
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valucash (OP)
Member
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September 06, 2017, 09:35:17 PM |
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Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
It's both. The fact that people like to hold it more than spend it doesn't negate it's currency-like features. People can buy stuff with Bitcoin, so how it cannot be a currency? One of the problems i see with bitcoin is the value fluctuation, if you use it in exchange for goods one moment you may be making huge profit the next you are taking in colossal losses and this kind of losses can wipe out your business. I think there is a need for the stability that a fiat currency offers. |
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Vannie12
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September 06, 2017, 10:06:43 PM |
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Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
It's both. This question has been answered several times, but still I am eager to answer back. Bitcoin is an asset. With its features it functions as a currency. Though it ca not actually conquer FIAT. |
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Dedewahyu
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September 06, 2017, 10:08:40 PM |
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Both, you can use bitcoin like FIAT money for buying anything, and selling transaction with bitcoin. And you can save your bitcoin like a gold.
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Adbitco
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September 06, 2017, 10:39:44 PM |
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I back the opinions expressed by all the other members. Yes bitcoin serves both as a currency and an asset. In fact it's one quality of bitcoin which is unmatched and can't be possessed ever by fiat. It is rightly said that bitcoin is a digital gold and has the potential to replace dollar. So I am of the opinion that bitcoin is both a currency and an asset too. Having said that I would also like to add that it doesn't require any argument to prove whether bitcoin is just a currency or an asset or both, the use of bitcoin both as currency and asset by majority of bitcoin users itself is a proof that it serves both the purposes.
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avikz
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September 06, 2017, 10:46:48 PM |
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Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
Bitcoin is a currency by nature but also a great investment asset for the long term investors. It initially projected the dream of a decentralized economy and got immense popularity from around the world. However, seeing a growth, a segment of people like me started earning and saving bitcoin for future use. I have always treated bitcoin as a great asset for investment and still considering the same. I have been earning and saving bitcoin since last two years for my future. I am sure, bitcoin price will reach to an unimaginable height within next 5 years and then I will be able to sell a portion of my holding to get some good profit out of it. |
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agatha818
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September 06, 2017, 10:47:33 PM |
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Both, it is up to you if you save it, or spend it. but most of the traders prefer to save their bitcoin for their future (asset) very few people use it to shop online and buy stuff on the internet using bitcoin. and some sell their bitcoin if they already profit from it, and buy some when the price is a little low.
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rube08
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September 06, 2017, 10:55:13 PM |
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Right now it is an asset. There would need to be many merchants, banks, and government agencies to start accepting bitcoin as a currency. It is basically a stock in the bitcoin and eventually banking on one day everyone world wide would use bitcoin as a means of payment.
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Butchick
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September 06, 2017, 10:56:32 PM |
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Bitcoin started out as a crypto currency and always will be. However, because of the potential that people saw in bitcoin and the possibility of investment with high profits, people tend to look at it as an asset at the same time. Undeniably, the bigger the amount of bitcoin you have, the richer you are and this is because of the value that bitcoin holds. Because people saw the possibility of gaining more and more money from holding on to it rather than spending it.
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