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Author Topic: Is bitcoin an asset or a currency?  (Read 3626 times)
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November 10, 2017, 04:23:51 PM
 #61

According to me, bitcoin is primarily a currency but by bitcoin currency can make assets, so both are interrelated to each other. 

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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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November 10, 2017, 04:25:55 PM
 #62

It can also be asset because you can store it and when it comes to the time you can sell it at high value. It can also be a currencies because we use it as payment for services or online stores that accept Bitcoins as a form of payment. The higher the chance is that it is considered an asset because of its higher price because of the higher earning a person can hold it for a long time. So others consider it an asset
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November 10, 2017, 04:28:39 PM
 #63

great project guys

https://docs.google.com/forms/d/e/1FAIpQLSeNtFkZZIR4LCIFHUcPtnDpEmvZyKvN9mRjoYWyIQuaf69e4g/viewform
Alfinopogi
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November 10, 2017, 04:36:08 PM
 #64

What I Understand is In long term bitcoin be consider as asset because the rate which appreciating is very positive so in near future it will be very big asset for those who holding Bitcoin. There is no doubt Bitcoin is currency (cryptocurrency) the thing is we are started now to use is in our day to day life this usage will sure increase very near future that means it is currency only.
Both is an asset and currency. Bitcoin helps you to earn money,  money is use to buy a property to become your assets thats why its partner. Bitcoin helps you a lot to earn money, the money to become your assets.
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November 10, 2017, 04:41:06 PM
 #65

There is no doubt that Bitcoin is a kind of asset now. Unless, the price is stable, people will store for profit.


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Jafri101
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November 10, 2017, 04:44:54 PM
 #66

Bitcoin is an asset for those who know about cryptocurrency. Bitcoin can be use as currency but it should be hold and make it an asset for future because the world is involving in bitcoins more then any other crypto alts.
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November 10, 2017, 04:46:30 PM
 #67

Until we see a growth in adoption by industries e.g. e-commerce; BTC is more of an asset from my perspective.
I see a great future for BTC and hope it becomes a currency standard.

Living the dream
Rishabh riyz
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November 10, 2017, 04:52:20 PM
 #68


Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html

We all know that bitcoins posses dual nature as a currency and as an asset also.
Yeah, the number of people using it as an asset is larger than that who use it as an digital crypto currency. But it is important to know that if companies like Microsoft and dell use btc as a mode of payment then it is surely a heck of a currency, no one can ignore the fact that it has the potential to replace fiat .

It is a currency for those who use it on steam, or any other place to buy things or just different altcoins as an asset .
& Then it is an asset to those who hold them hoping to increase in future which it always is.
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November 10, 2017, 04:54:46 PM
 #69


Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html
It was inaugrated and found to be a currency but I think its tremendously increasing value along with high fees has made it a mere asset.
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November 10, 2017, 05:02:31 PM
 #70

it is very hard for us and governments nowaday to distinguish bitcoin is an asset or currency, because we use bitcoin as a currency for trading and investment online, however we also use bitcoin as asset to buy things and food for our life

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November 10, 2017, 09:20:29 PM
 #71

According to me, bitcoin is primarily a currency but by bitcoin currency can make assets, so both are interrelated to each other. 
well you mean that bitcoin is currency so that is why it is asset?, well it is clear that assets are in the form of currency or any other investment, bitcoin is currency as well as investment of people, so definitely it is more asset then currency.

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November 10, 2017, 10:17:07 PM
 #72

That's an easy question, I think bitcoin is an asset. But some people think of it as virtual money, but it's fine. We have an opinion of each.

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November 20, 2017, 07:33:13 PM
 #73

A lot of cryptocurrency are now emerging and the originals are bitcoin. I can considered it both an asset and a currency. An asset because as the value rises you are getting bigger conversions compared to how much you bought it as start-up. Currency because more and more merchants are accepting it as form of payment online. It is indeed good to invest on cryptocurrencies. One of the best is Ethereum. It has proven both great in security and value. You can check out more of it's information at www.propthereum.io
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November 21, 2017, 12:59:11 AM
 #74


Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html

It depends on how will you use your bitcoins. If you want to buy bitcoins to hold it and wait for years to pass and expects that its price will come up, then it is an asset for you. If you are using bitcoin to buy things online or transacting uour business with the use of bitcoin for payments, then it is currency.

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November 21, 2017, 01:39:02 AM
 #75

I thought bitcoin as cryptocurrency where btc it as one of the latest payment methods to facilitate the conduct of transactions quickly, easily, and safely. especially bitcoin payment has been received in some countries such as japan, thailand, and indonesia in bali

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November 21, 2017, 01:44:44 AM
 #76

It’s very good question about bitcoin, My opinion about bitcoins is: it’s not currency it’s an asset. Because currency need to be approved by authorities of currency exchange office. And bitcoin is not one of them.
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November 21, 2017, 01:48:56 AM
 #77

we all know that bitcoins are created for the newest currency but in fact bitcoin is used as an asset because of the value of the sale of bitcoin has a significant price at the end of 2017 so it is no wonder if some people assume that bitcoin as an asset depends on the perception of the person
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November 21, 2017, 01:56:16 AM
 #78

Bitcoin is neither an asset nor a currency!

Bitcoin is an asset because it can produce value and can be converted into cash. It can be short-term ot long-term investment and it can also be traded in the crypto market with other crypto currencies or with USD.

Bitcoin is also a currency in digital form and can also be use as medium of exchange. It is also a recognized stores of value and can be traded online. Bitcoin is said to be the future worldwide currency. Many people believe that it can overcome the fiat monetary system. Those are just speculations and have no assurance but based on the history of Bitcoin, it is not impossible to happen.
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November 21, 2017, 01:57:35 AM
 #79


Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html
So before that what assets means.when i searched about it the asset means is to have enough or as enough monry to pay one's debt. And others is treated as currency so currency is circulation or it is a money. It is a close meaning if the two is compare but i think the bitcoin for me is a asset because the currency is also like a money and wr dont called bitcoun money because it is moneu only in the internet and being disappear in reality
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November 21, 2017, 01:58:12 AM
 #80

bitcoin is a currency but the ability of controlling it at your own dispense makes it a huge asset that you can use to get things easily as the value keeps rising so I can say bitcoin is a currency and an asset at the same time
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