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Author Topic: Bitcoin is an asset or currency.  (Read 8511 times)
7xminer
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October 18, 2017, 12:43:16 AM
 #41

It stars as an asset and in the future I think it will become a currency. If the countries do not block it.  Grin
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liseff3
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October 18, 2017, 12:44:14 AM
 #42

Bitcoin, there are several categories for bitcoin, among others:
Bitcoin can be used, as a virtual currency, traded, or stored as an asset or a form of digital commodity by the people.
I guess this is not a bad thing, because in this way some speculative action takes place, this also affects the rise and fall of bitcoin prices.
We, who stand in a community are not given the right / authority to organizes it.
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October 18, 2017, 12:51:49 AM
 #43

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??


no matter what you say. everyone is always different opinion. but in essence everyone wants a profit, because that's how much of it is involved in bitcoin.
Decalcomania
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October 18, 2017, 12:55:25 AM
 #44

Bitcoin is a digital currency that can be a key for us to earn money

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October 18, 2017, 12:58:26 AM
 #45

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
I consider bitcoin as currency and also investment. this is the advantages possessed by bitcoin, I can do various transactions easily. otherwise if i use bitcoin as an investment then i can get many benefits. this is what most people love from bitcoin, ease in making investments into pluses that must be taken into account. In conclusion, more people today are considering bitcoin as an investment than currency.
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October 18, 2017, 01:08:37 AM
 #46

Bitcoin is a digital currency that can be a key for us to earn money

Right
Bitcoin is a digital currency.  It can be help us to earn money. I think bitcoin is both asset and currency. At first people belief that bitcoin is only currency  but now it's very popular. The price of bitcoin is so high. For that reason, bitcoin is now an asset. People hold it as a future asset.Many people change their life with the help of this currency. So, they believe that it aslo an asset.
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October 18, 2017, 01:19:26 AM
 #47

I think bitcoin is a currency. It can be use to trade and buy things. Assets are properties. I believe bitcoin is not asset. It is money.
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October 18, 2017, 01:46:45 AM
 #48

For me personally more defining Bitcoin as an asset. if we trade in a low scale then the transaction cost will destroy it. and because of its ever-increasing value over time, people consider it an opportunity to make a profit.
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October 18, 2017, 02:02:40 AM
 #49

Each and everyone of us needs money, for our daily needs just like a transaction fee or any money transaction involved.. For me its a currency since we need to have our necessities and commodity that we want. Also, its an asset as the time passes by the bit coin getting its value increase that could be a great opportunity to have a good profit.
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October 18, 2017, 03:03:53 AM
 #50

As far as i know bitcoin is a decentralized digital currency which is using the internet network for transaction, thats why people could investing their money in bitcoin because  just like a commodities the price can be changed anytime depend on supply and demand of the market.
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October 18, 2017, 03:10:16 AM
 #51

I don't think so. Friend。 I think bitcoin trading approval needs an accepted process, after all, the previous trading habits should slowly change. I don't think it will take long, maybe soon
nidacoinlove
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October 18, 2017, 03:19:01 AM
 #52

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
My dear what is the definition of asset in your mind? Do you think that currency is not an asset? Currency is a form of asset know listed in current assets.
I guess you wanted to ask about the role of bitcoin as it is not treated now a days as a current asset but people are stocking and holding it just like the fixed assets. It all due to the increasing price of bitcoin.
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October 18, 2017, 03:25:31 AM
 #53

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
Bitcoin is attractive and become asset because of the modernity of this and bitcoin is also currency because you can buy through bitcoin in online store to those who accepted btc now and it can be converted into cash.
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October 18, 2017, 05:10:50 AM
 #54

Of course we should consider bitcoin as our asset. We are earning money from it and i can see bitcoin like stocks in the stock market industry. they are both being invested and there is aleays a fluctuation in its value which affects the price of it and our income. however in bitcoin we just have more options on how we can make money from it and currently it is not governed by the national government and there is no such thing as brokers’ fee which is part of our expense as an investor.
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October 18, 2017, 05:16:44 AM
 #55

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
It is meant to be a currency but due to its rising prices people are using it as an asset to earn good returns
 Bitcoin wont ever make it as a successful currency until and unless people give it up as an asset. But no one wants to give away a thing whose price will surely increase next month.
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October 18, 2017, 05:23:03 AM
 #56

It generates income for you and not even for once but again and again so is it not an asset ?
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October 18, 2017, 05:26:50 AM
 #57

This is what is making Bitcoin better than any other financial instrument. We can use it as a commodity and we can trade with it like a currency. Bitcoin does not fit in a single box, because there has never been something like it before. It can be used as a store of value and even as a Smart contract.

Let's make a bigger box for Bitcoin, when you want to define it. ^smile^

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October 18, 2017, 06:22:55 AM
 #58

It is still a currency to me,
but by taking a look at its track record over the past few years then people consider is as a form of investment as well

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October 18, 2017, 06:39:03 AM
 #59

It is both asset and currency like the other said but you cant' just use bitcoin for everyday usage frequently as the price goes up and down, it is not advisable to use it as a common currency like USD and other fiat ones, It is great to use it as an asset and investment as the btc continues to grow everyday. you will gain such profit if you store enough coins, but don't get me wrong it is still currency not just stable to use it for now.

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October 18, 2017, 06:41:33 AM
 #60

It shouldve been a currency but look at what is happening.
Well, I guess it is still being use like a currency through buying other coins.
Somehow that could be dealt easily. But when it comes to physical things it gets harder where to do that transaction might as well just withdraw it.
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