LovellaSai
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Activity: 89
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February 27, 2018, 04:45:54 PM |
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I would rather treat is a poison which is contaminating the world by its grasp
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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Strongball
Jr. Member
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Activity: 210
Merit: 1
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February 27, 2018, 06:40:02 PM |
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I think it's highly both an asset and a currency. Apparently it is
very well known for being such a flourishing, substantial and vigorous
currency, it started to grow and gained notable recognition and reputation as
years had gone by. With the price growth it has on the market, Bitcoins are very
good assets. We can also say that bitcoins are more than assets nowadays, they have been
acknowledged as fine lucrative investments. It's a game changer and potentially profitable. A unique
innovation that seems to innovate itself and has so much potential that it will still continue to revolutionize
and influence everything in the modern digital age. Bitcoin is the ingenuity that will propel and enhance our future.
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futuret
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February 27, 2018, 08:10:15 PM |
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i dont care what other people think or treat about bitcoin,but for me this is an asset and currency in one..asset because in time this can bring lots of earning most specially when the price pumps,and currency because anytime i can pay my bills using this and some online transactio We cannot consider Btcs as an asset for the simple reason that it never belongs to one nation and the basic quality of an asset is that it is bound to one specific inheritance identity. All we can say is that it is a currency that is being used in a virtual form by millions of people around the world for the sake of earning capital and on the other hand it is also being used as a way to store your amount without using bank accounts or any other customary option. Well you can be right but I have some different opinion about it as according to me bitcoin can be use as an asset because it is having the ability to be exchanged for goods, bitcoin is the currency as well that we use to buy things so according to me bitcoin is the both the asset and the currency. Some people love and use bitcoin for the payment of every day good and some other people hold bitcoin as an asset, now a lot of merchant accept bitcoin. |
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Doge dealer
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February 27, 2018, 08:30:42 PM |
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bitcoin is both a currency and an asset , its an asset because it holds value which can eighter increase or decrease , maybe its not a fixed asset but more like a current asset.Its is also a currency because it can be used to transact and pay for goods and services anywhere in the world . this is a simplified explanation though.
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JoshMart
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Activity: 224
Merit: 2
The Experience Layer of the Decentralized Internet
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February 27, 2018, 08:56:57 PM |
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Well personally I consider Bitcoin as both investment or asset and a currency depends on how I am going to use it. I use Bitcoin as a currency when I shop online, which i rarely do recently since I am more into investing it now. So now, I do some short and long term investments which I find very awesome since I have gained more than what I am expecting that I can get out of Bitcoin. It has exceeded my expectations when it comes to being a great source of profit or income.
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╔═◼ CARDSTACK ◼═╗
The Experience Layer of the Decentralized Internet (https://cardstack.com/) |
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cherrymobile
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February 27, 2018, 10:06:14 PM |
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Yes that is true. As of now that's the main reason why bitcoin couldn't be considered a currency. The price was so unstable that the world will face more problems (given that it is an international currency because being decentralized) using bitcoin as a currency than not using it. For now let's just stick with bitcoin being an asset of investment. It's still profitable.this way and I think this could go onfor a while. |
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critolika
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February 27, 2018, 10:35:20 PM |
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According to my bitcoin is an asset as an investment that will be very useful for now and the future, and now not allowed for bitcoin to Transact payments.
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stripykitteh
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February 27, 2018, 10:38:47 PM |
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bitcoin is both a currency and an asset , its an asset because it holds value which can eighter increase or decrease , maybe its not a fixed asset but more like a current asset.Its is also a currency because it can be used to transact and pay for goods and services anywhere in the world . this is a simplified explanation though.
I don't like to just keep Bitcoin and call it a Currency. I don't like to call it a currency because it is not officially labeled as one. |
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Audistar
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February 27, 2018, 10:39:58 PM |
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It doesn't matter what people treat Bitcoin as, what academics think, and what needs to happen to be treated in a certain way. This is the whitepaper: Bitcoin: A Peer-to-Peer Electronic Cash Systemhttps://bitcoin.org/bitcoin.pdfThere's nothing else that needs to be said. This is irrefutable evidence that Bitcoin is a currency. We don't need NYU's 'dean of valuation' to say that it is, we already know. Yeps! We don't anyone to interpret and classify ut for us. How they see it doesn't affect in a very significant manner. They can join in or not, we still go on. As long as supporters are present,bitcoin will not lose value. There are many insititutions and countries around the globe that sees it differently and accepts it at various levels, how we urilize it is more imporatant |
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mackenzie5
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February 27, 2018, 10:58:48 PM |
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Bitcoin is an electronic asset but it is possibly become like a currency shortly to meet the day to day life human being because now schools ,hotels and supper markets are accepting bitcoin. Most of every field it is accepting bitcoin means its popularity has improved a lot in the financial market though bitcoin is its infant stage.
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Lenzie
Sr. Member
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February 27, 2018, 11:03:26 PM
Last edit: March 02, 2018, 03:03:03 AM by Lenzie |
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Bitcoin is an asset that acts like a currency. The use of it will be maximize if you will look at it as an asset, tradable and can be sold. If the value of bitcoin will be stabilize it will lose its essence which is volatility. We are enjoying the ride of pumping and dumping. We are benefiting from it. If stabilizing it wpuld make it a currency then, I'd rather use it for trading and investment. |
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reynilynedago
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February 27, 2018, 11:05:19 PM |
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Well, to be fair Satoshi Nakamoto, creator of bitcoin intended bitcoin to be the internet's official currency. However due to certain unfortunate events it had failed to perform the said task. But it had found home in tge investment world and as of now is one of the biggest and most popular investments to date. And is also one of tge most profitable and easy to avail. I'll let you guys decide on what you intend bitcoin to be. |
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nellakarisma
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February 27, 2018, 11:42:03 PM |
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if I think the bitcoin is a very valuable asset like asset assets that exist in the real world. only difference if the assets in the real world can be seen there is a form and can be felt. different if bitcoin assets are not in shape but can also feel the impact .
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princesocapuyo
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Merit: 100
Presale is live!
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February 28, 2018, 12:05:28 AM |
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It's both, a great asset and a great currency. It's more than that though, it's a genius speculation device, a prsonal bank, a personal vault and even an item to show off. Some people say it's not a currency and I understand their reasons, but just like there's no perfectl democracy, systems and countries can still be considered democracies even if they don't complete all of the criteria. Same with currencies.
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ballexplorer
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February 28, 2018, 12:14:02 AM |
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I think that depends on how you use the BTC.
In many countries it is used for shopping for merchandise and thus as currency. Many people see the BTC as an object to make quick profits, then it is an asset
I think he should be used as currency.
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serverus
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Activity: 238
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February 28, 2018, 12:17:13 AM |
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Bitcoin is a big asset. It is very much profitable. Bitcoin opens a world that everyone will enjoy and earn for a living. It gives opportunity even for small investor and people who is starting from zero. Their are a lot of benefits we can get in bitcoin like convenience of online transaction, money security, business and of course additional source of income. Bitcoin may enjoy doing their transaction in bitcoin like trading or campaign without letting go of their career. You can do this at your vacant time and it is also avail in mobile.
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Amajaa
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February 28, 2018, 12:36:35 AM |
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It is both an asset and currency but All that matters is the benefits we get in bitcoin, its being decentralize is big factor why people are getting into bitcoin nowadays..truly bitcoin is life changing asset and currency. |
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sicnarfkswiss
Jr. Member
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Activity: 84
Merit: 5
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February 28, 2018, 12:53:15 AM |
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It depends on us on how we treat it. Anyway it doesn't even matter as for me I treat it as a digital currency and a financial asset. It is a currency that have no support from a central banks since the founder is anonymous, this is mined with the use of computers not done by a government authority. It is also an asset because it serves as an investment. |
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Boknoyz
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February 28, 2018, 01:17:30 AM |
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I don't know why the majority of the members here are arguing about classifying what Bitcoin is. Because if you own Bitcoin as a currency then it is classified as an asset, a liquid asset to be precise as anything you own that can be use to pay off something is classified as an asset. It doesn't matter whether it only exist virtually as it still has an intrinsic value to it.
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Masongrae
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February 28, 2018, 01:34:37 AM |
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Its both asset and currency, asset because its like gold that has big value that can be useful for future but good thing is the value of bitcoin get increase when you hold it. It is also a currency but it is electronic can only be use or access through computers or smartphones with internet, thats why they called it cryptocurrency. In my own understanding.
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