Quote from: Juggy777 on August 18, 2017, 08:23:42 AM

Quote from: sonewaneaman on August 18, 2017, 07:28:36 AM

Bitcoins very volatile prices have reignited the debate about its usefulness as a currency or as an asset. In some ways, Bitcoin suits the definition of currency quite adequately but if the volatility is less. It allows for the creation of secure and transparent transactions. Thus, can be used as a secondary currency in future. Some of the experts have huge concerns over its volatility. But, sooner or later the prices may remain less volatile as of today.

I have mentioned few points about Bitcoin as a currency or as an asset in my article here: https://atozforex.com/news/is-bitcoin-a-currency-or-asset/

What's your opinion about BTC as a currency or an asset?

Suggestions and comments appreciated

If you really want to know what's a asset and liability you should see Robert kioski rich dad vs poor bad, so to quote him and explain you asset is what brings you money and liability is what takes money out of your pocket, so your car house is a liability, you can't make money from it. You need to keep on investing. Now look at Bitcoins, you put money into it and it returns that money and also adds more money to your account so it's a hybrid it's a asset and it's a currency. That's how I would define it.

Bitcoin is both a currency and a asset, currently, in most countries we can't use Bitcoins directly to buy things either in any shops or online as well so I think as of now Bitcoin is only an asset or investment. If we need money then we need to sell the asset and use that money to buy other things. When we can buy things directly with bitcoins then we can consider it as a currency until that it is an asset. I know currently, we can use Bitcoins to buy some items online but still need to improve or grow a lot.