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rockyram
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October 28, 2017, 01:16:50 PM |
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Yes, the potential its showing now a days, bitcoin can be called as a asset. Just have a look at the worth its got, almost 6000$!! which will be increasing in the coming days for sure. So, it can be considered as a asset rather than a currency.
It serve as assets because its value appreciate over time and yield good return for those who bought them when its market value was lower as copcompared to what it is now. And it serve as a currency because one can use it to purchase an items and Bitcoin's value keeps on increasing recently with no limit in sight , bitcoin will increase year by year and you will not know how much it increases . |
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lucifochrome
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October 28, 2017, 01:24:33 PM |
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It is both, it can either be a bad or good thing depends on the use, if you use it to trade which will make you profit then that is a good thing. If you use it for drugs or other illegal activities then that can be a bad thing since people tend to generalize stuff like, if bitcoin is used for scamming then most people will think that bitcoin is a scam and will stay away from it then there will be no new investors or not entrepreneurs that will use it. And with the law of economics if there is no demand then most probably the price will drop.
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DPrillio
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October 28, 2017, 01:41:05 PM
Last edit: October 28, 2017, 10:37:56 PM by DPrillio |
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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 ??
It's simply both. Bitcoin is attractive as an asset to hold because of it's scarce nature. Bitcoin is also attractive as a currency because it's borderless, permissionless, and pretty fast and cheap (except when Roger Ver/Bitmain are spamming it). So for some use cases like buying a VPN, bitcoin is the best currency. absolutely mate. bitcoin is generally a currency a cryptocurrency and for me it is a universal currency that people around the world can use and convert it into their own real money. It is also an asset if you own and hold bitcoin in your wallet because it always have an equivalent on any other real currency. |
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princesocapuyo
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October 28, 2017, 01:44:31 PM |
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Bitcoin is both. It performs like an asset and a currency. You can use it as a medium of exchange as currency and you can use it to save money like gold, but better.
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calita2017
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October 28, 2017, 01:45:48 PM |
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I believe that Bitcoin is a Currency and Asset both.
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boranes
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October 28, 2017, 01:47:46 PM
Last edit: October 29, 2017, 07:40:58 AM by boranes |
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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 ??
It is both, asset and currency. Bitcoin is currency because you can buy various things with it. Bitcoin is asset because you can invest in it and you can hold it for future days. |
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shinjunobi09
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October 28, 2017, 01:49:22 PM |
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An asset because it is own and control by people and it is an asset which help the people through other source of invome it comes a variety of way that help people through convinience, making our lives much more trouble and out od of trouble. And as currency because it can be use in variety ways of transaction like sending money, payment of bills, load wallets and etc. So yeah bitcoin is definitely both.
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Gasotard
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October 28, 2017, 05:06:24 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 may be considered as a property or currency. If you buy bitcoin and keep it then that is the storage property you are having. Bitcoin has currency value. This is a digital currency that many people use and accept. Bitcoin is expensive, holding a bitcoin in hand is a big asset. I agree with you, but I think Bitcoin is not just a property but it's a very valuable asset in the future, if you really keep Bitcoin safe and make it long, I'm sure if you keep it in the long run you will become a rich man in the future front.  Technically, Bitcoin is only an asset. It could be used as a currency though the IMF did not call it an official currency from what I know. |
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JL421
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October 28, 2017, 08:40:30 PM |
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Asset always i really love holding bitcoin it really gives me a huge amount of profit , i also trade sometimes here and there this enables me more and more earning opportunities I'm thinking of making bitcoin as a career i just need to save some more funds to execute it correctly
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erox
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October 28, 2017, 08:52:47 PM |
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This is a complex issue. Personally, I think that bitcoin is something between asset and currency.
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Bitcoinjheta
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October 28, 2017, 11:55:58 PM |
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This is a complex issue. Personally, I think that bitcoin is something between asset and currency.
Technically speaking they are both currency and at the same time an assets because they have the capability to purchase goods and many other things done through internet transactions using bitcoin or any other cryptocurrency that are tranferrable to a coin they wanted it. |
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tevayo
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October 29, 2017, 01:12:00 AM |
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Bitcoins is a asset now. As in my opinion, bitcoin is an investment more than currency. As the price of bitcoins is increasing rapidly. Bitcoin prices fluctuates a lot. Results in it is that investing money is increasing doubled tripled. Bitcoin is in a short time span become a big topic. It is asset because by investing in it one time after few years it will be quadruple of its previous value. And it has additional benefits also. Bitcoin is become 40times since its origin.
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Majharul Saiif
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BountyMarketCap
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October 29, 2017, 01:16:55 AM |
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I think bitcoin is both assets and currency too.Bitcoin is the world's best currency now.Actually,you hold your coin few days.After some days it will brings money as a profit. So, it is a asstes for anybody. So I think bitcoin is not only assets but also currency
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aezotxmb
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October 29, 2017, 01:38:43 AM |
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I think it's not necessarily bad news from another point of view. This shows that many people began to focus on bitcoin, but also on the issue of bitcoin and commodity transactions, this is not good news?
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millgates
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October 29, 2017, 01:58:27 AM |
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Bitcoin created to be currency but bitcoin now is also good asset due to the increasing price of it. There is no problem whether bitcoin is considered as currency or asset, Bitcoin is a medium of exchange that better than the current currency that we use for daily life.
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gilangIDR
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October 29, 2017, 02:22:17 AM |
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I consider bitcoin as an investment and a currency. Many people today are more likely to use bitcoin as an investment because they see that Bitcoin investing is very profitable. Many people who have been successful because of investing in bitcoin. But we also should not avoid using bitcoin for currency, because by using bitcoin as currency continuously then it can increase the development of bitcoin.
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LogitechMouse
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October 29, 2017, 02:29:51 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 ??
I think for me it is an asset at the same time currency. Why? The definition of asset is anything that can be converted into cash and another definition of asset is anything that can give you income. Bitcoin can be converted into cash and it can give you income too in many ways. Currency's definition is generally accepted form of money. Some establishments now are accepting bitcoin as a payment so its also a currency. So for me its both an asset and currency. |
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chocolah29
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October 29, 2017, 02:51:32 AM |
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Bitcoin created to be currency but bitcoin now is also good asset due to the increasing price of it. There is no problem whether bitcoin is considered as currency or asset, Bitcoin is a medium of exchange that better than the current currency that we use for daily life.
Like gold, bitcoin now is also a reserved asset as these two are can be mined and both are hard to mined. But nowadays, bitcoin is use more in currency for spending and paying bills and as investment that's why it's so versatile for our everyday usage and bitcoin now are catching the interest of many. |
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uztre29
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October 29, 2017, 03:11:38 AM |
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Bitcoin is both an asset and a currency. At first, Bitcoin was only used for transactions. It can be paid for goods or services. But since its value increases too much, it became an asset. Rich people and/or investors took that as an advantage.
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BlockFolksHQ
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October 29, 2017, 03:14:08 AM |
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After attending the Charlie Lee, cofounder of litecoin, in Singapore. He mentioned about bitcoin is treated as a store of values. Even though we have so many alt coins now with functions like smart contracts, bitcoin is still consider one of the best coin to have because of the global recognition and it able to tank the price well.
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