Blue Bell
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January 12, 2018, 04:10:12 AM |
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Basically bitcoin is a digital currency, this being one of the reasons why bitcoin is made. The advantage of bitcoin is peer to peer transaction, because it can be done by two people without requiring third party. It is undeniable that currently bitcoin is not only used as a currency, but can be an investment or asset, but it all depends on each individual level, how they assess the bitcoin function.
It’s actually both currency and as well as asset because bitcoin is the only hope if you want to use bitcoin so you can use it for different things because such as buying food and clothes and also you can pay all your bills so if you want to keep bitcoin so it can also help you in your future because bitcoin rice is very high and still it’s going high so if you keep bitcoin save it will for sure give you a profit when a time you want to sell. |
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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Ronyx
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January 12, 2018, 04:48:13 AM |
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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 ??
That depends on its use, if bitcoin is used for online transactions it will be crypto currency, but if bitcoin is saved for investment it can become an asset because bitcoin value keeps increasing. That would be a nice advantage. |
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manoj kumar k
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January 12, 2018, 04:52:40 AM |
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bitcoin can be considered as both assets and also currency because if he hold the bitcoin for some years it will convert as an asset for him if he convert the bitcoin into usd it can be considered as currency
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johnwest
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January 12, 2018, 05:03:55 AM |
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There are many different opinions about this and the discussions may never end. My opinion is that it is an asset right now and may be a currency in the future. It will be an asset until there are surges and people will hold it like an asset.
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RKSummer
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January 12, 2018, 05:13:54 AM |
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It's still a currency. An asset generates money without any other investment. Although that could be provided by the increase of bitcoin I don't think it passively earns you more. So it's an investment rather than a asset
In my opinion, bitcoin is an asset and currency at the same time. Holding it is having an asset and when the time comes you are going to spend it you are going to convert it into real money, you can say it bitcoin is a currency. |
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arcfaith
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Work smart, Play hard
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January 12, 2018, 05:19:44 AM |
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Yes it is totally an asset as well as a currency. We are know that it is called a digital currency that can be used for purchasing. On the other hand, owning it is similar to owning properties and gold. Enter any time, liquidate when your profits are secured. An investable asset.
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albert11
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January 12, 2018, 05:24:40 AM |
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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 has a lot of definitions to some of the people. It is because it has a lot of uses due to its nature. Its definition depends on what you think its purpose for you. Bitcoin can be an asset if you use it as an investment, its value increases through time depending on what the market dictates. Bitcoin can also be considered an online currency for those who use it as a medium for transaction. |
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Caladonian
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January 12, 2018, 05:24:53 AM |
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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 ??
That depends on its use, if bitcoin is used for online transactions it will be crypto currency, but if bitcoin is saved for investment it can become an asset because bitcoin value keeps increasing. That would be a nice advantage. Either way it will be for the benefits of its holders, bitcoin can be treated as an asset as it can grow due to a supply and demand features, while the main intention is to be very useful in terms of payment transactions, a currency who will able to allow its users to transact without having any interference of financial institutions, so it's always a win win situation for us who support and believe this system. |
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lee cooper
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January 12, 2018, 05:44:56 AM |
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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 can be said assets could also be said of the currency. Depending on the respective people judge him. If I personally made the Bitcoin as an asset, because I'm sure Bitcoin in the future will be so promising assets. |
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MD Milon
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January 12, 2018, 05:47:28 AM |
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There are lot of digital currency in the world.but Bitcoin is one of the greatest currency.I personally believe that,Bitcoin is an asset rather than currency.people hold it for long time,it becomes a asset.it has great future.day by day it's increasing.lot of people hold it as asset.
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CloudM
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Diving into the world of cryptocurrency XD
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January 12, 2018, 05:49:27 AM |
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it's pretty hard to trade bitcoin now ("hard" means slowness and poor scalability)...so as a currency? For sure no, at least not in the near future. But bitcoin is "The Gold" in the cryptocurrency world, and it's not hard to predict it would compete with the real gold soon.
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Usafstar
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January 12, 2018, 05:54:17 AM |
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Bitcoin is the good asset and currency for me as it is famous for the currency and people says that this currency is very profitable in the short and long run as well. Bitcoin is good currency in the market as i have invested some of the amount of bitcoin in the bitcoin and i am totally dependent on this. Bitcoin is growing in the new year and hopeful that the chances of profit is high.
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marcuslong
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January 12, 2018, 05:56:48 AM |
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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 ??
Well, Bitcoin is an asset because it helps the community and the Bitcoin users to change their lives. It also brings a big value of money to them in able for them to buy their wants and needs. This is a currency because it also used in many transactions and it is used to buy products if the online shop or the market is using Bitcoin as mode of payment to them. It is also convertable into money. |
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nellakarisma
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January 12, 2018, 06:03:27 AM |
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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 ??
begul gan bitcoin we can make a business asset or we can also make the currency like our country's currency currency is the rupiah. .. if bitcoin in legalkan in Indonesia I want to sell pls HP tau electric bayarya wear bitcoin |
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hendra12
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January 12, 2018, 06:08:23 AM |
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maybe the both, because bitcoin is a asset we use it like trade and invest. and if about currency bitcoin is digital currency and we can change to money in your country.
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aji567
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January 12, 2018, 06:38:54 AM |
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I think bitcoin is the most valuable asset for a very volatile future and very suitable for investment.
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lionjuvs08
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ARIZN - Tokenised Crowdfunding Platform
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January 12, 2018, 06:56:44 AM |
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For me, my own opinion about this is bitcoin is both asset and currency because bitcoin have both characteristic of assets and currency. Bitcoin have there own use and this is also have a value that like assets have. A currency which we can buy goods online.
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readygoaw
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January 13, 2018, 02:00:09 PM |
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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 ??
Speaking in legal terms it is rather an asset but the practice of using and forming a price evident about Bitcoin as a currency. The thing is that Bitcoin is not legalized fully in any country in the world. (Maybe just Japan?) |
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Godric-Gryffindor
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January 13, 2018, 02:25:11 PM |
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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 both an asset and a currency, that is hard to compare to gold and other commodity that is both an asset and currency, the fact that more traders or holders of bitcoin treat it as investment rather than for buying goods and service is not directly affecting bitcoin at whole, the thing is as the transaction fee is becoming unstable and higher more holders are rather keep it in the wallet than pay for a goods or services for example worth 100 usd, and realize how high you have to add for transaction fee |
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vicemi
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January 13, 2018, 02:25:37 PM |
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it's both. right?
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