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Boov
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December 11, 2017, 09:58:25 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 ??
Well, as a bitcoin earners and users, I will say that Bitcoin is both asset and currency. Yes, It is and asset and also a currency. I say it that it is an asset because We can earn and gain a lot of money because of it. We can trade, invest and gamble and do what ever we want to do here in Bitcoin. And it is a currency because you can easily buy items and foods in some shops and stores in our country and in online by Bitcoin. Hence, Bitcoin is both asset and currency.
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Renr
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December 11, 2017, 09:59:54 PM |
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Even if bitcoin or other cryptocurrencies shift their focus towards transactions, don't you think the deflationary nature of these currencies is a problem? I remember reading someone bought pizza with 10000 bitcoins in 2010. I feel that I will always be buying figurative pizzas (compared to what I could buy in the future) with any of these crypto currencies, if I were to transact with them. What are your thoughts on the deflationary nature of bitcoin etc?
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Usine
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December 11, 2017, 10:00:13 PM |
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Why do you dismiss Bitcoin as a commodity? There is a cost to mine bitcoin which is very measurable (computing power + electricity).
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Kesecer
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December 11, 2017, 10:00:40 PM |
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The debate will rage on, but I'd bet almost ANYTHING that Bitcoin will be much higher in 2020 than it is today.
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Amial
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December 11, 2017, 10:01:00 PM |
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Bitcoin is a synthetic commodity. It's supply fixed, therefore it bound to rise compared to fiat currencies, provided adoption continues.
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Bamel
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December 11, 2017, 10:01:26 PM |
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One can use the USD as savings and investment vehicle by buying US treasury bonds. Isnt that what most of the global savings glut does? Other currencies are either not safe or their associated government bonds have zero or negative yield.
When we get bitcoin bonds with someone (who?) paying interest and OPEC accepts Bitcoins for oil then perhaps we have a currency contender.
But then again, Since data is the new oil and bitcoin is bits (data) perhaps it is the oil! Need to flush that out for myself.
Good discourse Professor Damodaran. Had your asset valuation book for Fianance class in my MBA at IU Kelley School of Business.
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Rludd
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December 11, 2017, 10:01:50 PM |
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Jamie Dimon has a point though -- the governments will step in to regulate, if not block, the crytocurrencies.
However democratic the crytocurrencies themselves are, they are meaningless if they are not exchangeable with our fiat currencies, and fiat currencies ARE CONTROLLED by the governments.
Hypothetically, if any country wanna protect their own currency, they could just declare buying crytocurrencies as illegal, which could impair the value of crytocurrencies overnight.
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phips28
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December 12, 2017, 04:10:05 AM |
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I would say it would its a currency. But its currently not 100% usable for a daily usecase. Still not enough merchants on this and transaction fees too high.
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millgates
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December 12, 2017, 04:17:04 AM |
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I would say it would its a currency. But its currently not 100% usable for a daily usecase. Still not enough merchants on this and transaction fees too high.
The fee for small amount of daily transactions is too high, I agree with that. But bitcoin is very good for international transaction, in this case, bitcoin fee is much lower than bank service or other remittance agencies such as paypal. Bitcoin is currency but for now its only appropriated for international transaction. |
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cherrymobile
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December 12, 2017, 04:21:52 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 ??
for me bitcoin is asset and bitcoin is not a currency but it called digital so you need an internet to get this to convert in real money (curreny) this is asset because theres a lot of people using this in some ways and this is very profitable for all people . |
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Polonium
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PITCH – THE FUTURE OF OPPORTUNITY
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December 12, 2017, 04:26:13 AM |
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The original design was to use bitcoin as a currency but as well know it has now turned to a profitable investment/asset. Right now I’m using bitcoin as an asset due to its currenct surge of price, I think its just practical to hold until the price stabilize.
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nextcrypto2401
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December 12, 2017, 04:51:10 AM |
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i believe bitcoin is an asset. The more time you hold an asset high yield value of that asset.
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btccointalk
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December 12, 2017, 05:08:09 AM |
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It is a digital currency...It will go much higher in rear future as compared to how it is now.
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Sasha Grey
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December 12, 2017, 05:16:05 AM |
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The presence of bitcoin brings many changes, now everyone agrees that the best investment today is bitcoin, with bitcoin we can get profit up to thousands of percent per year and this is certainly a very proud asset.
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MoonHodler
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Bitcoin: 1HrWs3tDzWr13zocV3qP9ENRLgiDuewtsu
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December 12, 2017, 05:25:46 AM |
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money is
store of value, unit of account, medium of exchange.
bitcoin is better than fiat in all three except (medium of exchange) .. once it its .. bitcoin will replace fiat
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Enjoy your life, one day at a time. Bitcoin Address: 1HrWs3tDzWr13zocV3qP9ENRLgiDuewtsu
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Bacotan Bae
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December 12, 2017, 05:45:27 AM |
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The era has changed, now everyone is more interested in investing into cryptocurrency compared with traditional investments such as gold, land or stock. everyone believes that the future asset is cryptocurrency.
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parassinghal
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A BLOCKCHAIN SOLUTION TO DISRUPT TRADE FINANCE
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December 12, 2017, 06:03:59 AM |
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Mainly it is a digital currency. But it is getting used as profitable asset as well as currency. Now a days online stores are opening that are taking bitcoins instead of fiat money to sell anything.
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EtherATM
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December 12, 2017, 06:13:29 AM |
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i think bitcoin include digital currency
No, Bitcoin is both digital currency and asset because you can easy convert bitcoin to real money or you can also use it to buy every real asset. So i think bitcoin is both |
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Rashid pk
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December 12, 2017, 06:15:50 AM |
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I think Bitcoin is a currency, but we can use Bitcoin to increase our Asset... so.... Bitcoin= Asset  |
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Webberson
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December 12, 2017, 06:41:56 AM |
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An asset is any property or object of value that one possesses, usually considered as applicable to the payment of one's debts, while currency on the other hand, is money or other items used to facilitate transactions.
Going by these two definitions, the difference can be seen, as to how bitcoin fits, in the context of these definitions. Bitcoin, is been tagged as a digital currency and should be seen as such.
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