Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on June 21, 2018, 02:22:08 AM
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Bitcoin can be recognized in different forms. Some see it as an asset whereas others see it as currency. I believe we should allow it to serve both purpose. Bitcoin being an asset does not mean you cannot purchase items on the internet or places that accepts it, with it. The South Korean news is a very good indication of attracting investors to the cryptocurrency world.
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Bitcoin is a digital currency though but it could be considered as an asset. Because many people are earning or acquiring the coins in large quantities. Therefore such people are creating wealth with the currency. Since it is contributing to their riches it could be considered as an asset.
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In my own opinion as a bitcoin asset because it only circulates the same as the rise and decrease of bitcoin's price or value. Bitcoin can also be a currency because we also make money here on bitcoin so we called digital currency.
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I agree that both purpose is what the right thing to accept. Asset while currency is now active. That is the fact in some particular country.
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I think for now mostly Bitcoin being treated as investment because the price is very volatile and the traders like to used the volatility as the chance to make profit, and from the price chart showed that Bitcoin price multiply in a very fast rate, so people are really interested in investing Bitcoin, for currency people still think that it's not suitable yet, the price volatility is too often, it makes the market hesitate to accepting it.
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Bitcoin can be considered as both an asset and a currency. A currency because it can be used to purchase items. It can also be considered an asset because it can be sold for higher profits if you have some.
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It carries both features. you can evaluate both asset and currency. The troubling point for governments is how they will be taxed. They will not receive any tax if they accept it as currency, and if they accept it as asset, it will be easy to get tax, but this time it means recognition, so they do not take this step.
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Bitcoin can be recognized in different forms. Some see it as an asset whereas others see it as currency. I believe we should allow it to serve both purpose. Bitcoin being an asset does not mean you cannot purchase items on the internet or places that accepts it, with it. The South Korean news is a very good indication of attracting investors to the cryptocurrency world.
I agree to say that bitcoin is a risky digital asset.It is risky because its price is not stable,we are facing high risk when holding it as price change rapidly anytime and unpredictable.Sometimes it can be used as currency but not yet globally accepted.
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Bitcoin is both crypto currency and asset. An asset is always stand for something that can be the source of income and bitcoin does it.
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As per my knowledge it is a currency in this way that many thing can be purchased by this, just like Arabian Escapes, a real estate company is offering one of it services that accept cryptocurrency for buying properties.
But it can also be considered as an asset for some, like some people buys some coin at its lowest and waits for it to shoot up so they sell it and gain profit.
so it can be used as both. In my opinion.
Correct me if I'm wrong. :)