Bitcoin Forum

Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?

It's both. The fact that people like to hold it more than spend it doesn't negate it's currency-like features.

People can buy stuff with Bitcoin, so how it cannot be a currency?

It is also an excellent gold alternative that just keeps outperforming everything else, therefore also an exceptional asset.

Bitcoin may not be feasible as a fiat replacement right now due the fees and confirmation times not being ideal for OTC purchases, but it can be. I can see more and more shops accepting BTC once we have lightning networks for instant cheap transactions, that could replace the fiat part, while keeping the blocksize small so long term holding in a decentralized network is still possible, keeping the asset/gold-like features too intact.
This is the best outcome for Bitcoin, which is why segwit2x or any other hardfork must be stopped.

It is both a currency and an asset that generates a lot of profits for you.

I treat bitcoin as both currency and an asset but yes it is true that many people consider bitcoin as profitable investment opportunity with moderate risk of loss.

Looking at trading chart for bitcoin, anyone can notice how much profitable it is to just buy and hold bitcoin rather than spending in daily basis.

both are true. bitcoin according to my point of view it is digital gold. the price can soar because of the limited amount.
I currently prefer to hold my bitcoin for long term. I believe can make the future .

the correct answer is that bitcoin is whatever you want it to be :)

if you want bitcoin as an asset you can see it as an asset and hold your money in it safe and sound for long term and also make profit while doing it. a huge profit i should add.

if you want bitcoin as a currency then you can see it as a currency and use it easily with the sped of light (a couple of seconds to send and receive and 10 minutes on average for confirmation) and in the safest manner possible to this day and on top of it all you can use bitcoin keeping your privacy.

I think its currently being used as both an currency and as an asset
but I have read here that it is becoming more and more used as a store
of wealth which was/is the territory of Gold and other precious metals

That probably depends on each individual, there is no unique rule, unless in countries where Bitcoin is fully regulated as one of these things. For me it's primarily the currency because I use it that way, I pay with Bitcoins for different goods and services. But many people consider Bitcoin as an asset and invest in it on long term basis.

People treat bitcoin more of an asset than currency. Bitcoin is currency with the basic fact that we can buy or sell goods using it. It is widely accepted around the world as a medium for payment, But until recently, people are buying bitcoin and holding and waiting for its value to increase. The reason is that in recent years, bitcoin outperformed the stock market and other forms of investment, for an investor it is one of the hottest asset in the market today.

Well maybe it's a matter of both asset and currency. Bitcoin doesn't have a physical market value but still, it can be used as a payment in countries where cyrptocurrency are legal. Also an asset because it is owned by its users and can be kept for a long period of time with its value increasing as years are passing by. I think it would be better if it will be explained at this way since it will depend on its users if they'll consider it as an asset or a currency.

Basically bitcoins be made for payment method on the internet (currency) but the bitcoins is not good for payment method because of the fees transaction especially for small amount of transaction, so bitcoins is more better considered as digital asset than currency and not all of peoples accept bitcoins for payment method just couples peoples who accept bitcoins for payment method.

in my opinion bitcoin is both Currency and Asset.
Currency- you can buy stuff and paybills using bitcoin so it is considered as a currency
Asset- as it increase it value over time when you just hold it up. Gold-like features.

so in this case you can treat bitcoin as your asset or currency depends on how you spend it and see it. but most people right now they treat bitcoin as an asset as people are buying bitcoin and holding it then waiting the price to increase which most investor see it a one good way to invest.

Both are true, but if you look at the current situation, it seems like its use as a currency has perhaps seen better days.
Especially for smaller transactions, it's kinda silly to pay 2 or 3 dollar fees. Also the volatility in general aren't great for Bitcoin's day to day use as a currency.

saving or holding of bitcoin thats asset for the future, bitcoin is new edge of currency as decentralized cryptocurrency using internet connection, btc currency control by the new technology as currency and have potential to become most popular currency all over the world.

It is both but if we look at the transaction speeds at the moment, they aren't really suitable for a currency.
Not to mention the transaction fee's..right now.

I think btc is used as an investment vehicle too much at the moment for it to be a real currency,,,even though it can act like it.
Years ago when everyone was handing out BTC, then it felt more like a currency then it does now.

I am the person who thinks that Bitcoin is an asset because the price movement is increasing rapidly.
maybe what is meant by "bitcoin replace fiat" is people more interested to make money from bitcoin not with fiat anymore.

I think it's possible that the use of money is for transactional tools, you can see for yourself that bitcoin can be for transactions in store stores that provide payment with bitcoin, and more we encounter in the online store, the crowd hold bitcoin because bitcoin is used as an asset a very profitable investment because the price continues to rise like gold and bitcoin even more practical than gold, because its properties can be taken anywhere as long as there are devices and internet network, do not have to bother to take and save like gold, that's why many people which uses bitcoin as an investment.

These can be called currencies because we buy food and others. It can also be assets such as gold and houses, land. and so on we can handle it and sell it at high value.

Now the BTC is assets for me because I am waiting for its highest price next year and replacing fiat moneys. To make my parents home

It is designed to be a currency and asset like gold at the same time. But as we see we can hardly buy something using bitcoin. Now it is something like a "geek currency" and used by most part of the community as an asset for investments or speculations.

          Yeah that was totally right! Only on how you see it and in your own point of view matters, although bitcoin can be considered both, lets just say they are both it is really a currency, at the same time also it is an asset or an investment to begin with. The question is that how you differentiate it? Obviously its your choice to made if what is your approach and how are you going to use it, others prefer it as investment while the other used it as their payment currency for what they bought.

A currency is a financial instrument that transports value.
An asset is any instrument / thing / object you keep hold of that's useful to you.

Therefore BTC can be both, depending on what you use it for.

you already said that bitcoin is a crypto currency just different from the fiat currency where the price never changes but bitcoin in just a few hours the price may change, so some people menyimpnnya as an asset for their future because the possibility of bitcoin prices will increase

It is both. I am quite certain fiat is considered an asset. And so is Gold. Therefore since Bitcoin is like virtual gold and has value, then it is both a currency and an asset. Are you asking this for your taxes? :P

When we are talking about what Bitcoin really is, then it is a currency. That is the way the inventor made it. However, its nature forced it to be an asset. That is the reason Bitcoin is behaving more like an asset than a currency. We cannot neglect the fact that Bitcoin is still used as a currency for payment. Though others hold then like an asset, Bitcoin is still a currency. So in a way, we can say that Bitcoin has a currency-asset nature.

You can still buy things with it trade with it so it still have the properties of currencies and you can use it as assets also . This make btv unique from anything else.

It depends on the most of the point for people. Because there are a lot of different types of usage of Bitcoin in terms of transaction, investments and trading. But for me it could be better if we will look at bitcoin as same as a currency and an asset that could help us to earn.

Bitcoin is digital gold and we are in digital gold rush where everybody want to grab some bitcoin because its supply is limited and people are storing them just like gold rather than spending them on daily life. I am also just buying bitcoin and saving for my future and don't like to loss by just using it in stores.  ;D

It is not a bad thing to consider bitcoin as an asset becasue it actually have a asset characteristic that could help people on earning and could give people an opportunity to have a profit out of their money. But for me I would rather take bitcoin as both a currency for transaction and an asset for my investment and tradings.

Treating bitcoin as both a currency and a asset if actually the best thing we could do to earn more at the same time have a partial floor it in terms of our trading , investments and transactions.

For me right now the Bitcoin is an asset to make my future bright. I don't treat this as currency and use it for silly things. If i required money, then i will use it as currency. But for a long time, i will keep bitcoins as an asset. I believe instead of investing in any land if we invest in bitcoins we can earn a big profit in short time.

The growth of the value of Bitcoin against fiat currency or official currency issued by a country can be said to be fantastic, even the current value of Bitcoin beats the price of Gold per ounce.

Bitcoin is not very suitable to be used as a means of exchange of payment or money, because the change in value on increase and decrease has a big difference. Value Stability - one of the absolute conditions that money must have as a medium of exchange is not owned by Bitcoin. In addition, the increase in transaction file size and also the increase in the value of Bitcoin is equal to the increase or increase in the transfer fee. We can no longer expect cheap and cheaper transfer fees, because with the increase in Bitcoin's price equals the increase in fees for confirmation.

depending on one's perception. I think everyone has its own judgment.
for me, bitcoin is a virtual currency that can help me get rich. yes the asset is filling. in terms of ekomoni and as a means of payment. very profitable.

One of the problems i see with bitcoin is the value fluctuation, if you use it in exchange for goods one moment you may be making huge profit the next you are taking in colossal losses and this kind of losses can wipe out your business. I think there is a need for the stability that a fiat currency offers.

It's both.
This question has been answered several times, but still I am eager to answer back.  Bitcoin is an asset. With its features it functions as a currency. Though it ca not actually conquer  FIAT.

Both, you can use bitcoin like FIAT money for buying anything, and selling transaction with bitcoin. And you can save your bitcoin like a gold.

I back the opinions expressed by all the other members. Yes bitcoin serves both as a currency and an asset. In fact it's one quality of bitcoin which is unmatched and can't be possessed ever by fiat. It is rightly said that bitcoin is a digital gold and has the potential to replace dollar. So I am of the opinion that bitcoin is both a currency and an asset too. Having said that I would also like to add that it doesn't require any argument to prove whether bitcoin is just a currency or an asset or both, the use of bitcoin both as currency and asset by majority of bitcoin users itself is a proof that it serves both the purposes.

Bitcoin is a currency by nature but also a great investment asset for the long term investors. It initially projected the dream of a decentralized economy and got immense popularity from around the world. However, seeing a growth, a segment of people like me started earning and saving bitcoin for future use.

I have always treated bitcoin as a great asset for investment and still considering the same. I have been earning and saving bitcoin since last two years for my future. I am sure, bitcoin price will reach to an unimaginable height within next 5 years and then I will be able to sell a portion of my holding to get some good profit out of it.

Both, it is up to you if you save it, or spend it. but most of the traders prefer to save their bitcoin for their future (asset) very few people use it to shop online and buy stuff on the internet using bitcoin. and some sell their bitcoin if they already profit from it, and buy some when the price is a little low.

Right now it is an asset.  There would need to be many merchants, banks, and government agencies to start accepting bitcoin as a currency. It is basically a stock in the bitcoin and eventually banking on one day everyone world wide would use bitcoin as a means of payment.

Bitcoin started out as a crypto currency and always will be. However, because of the potential that people saw in bitcoin and the possibility of investment with high profits, people tend to look at it as an asset at the same time. Undeniably, the bigger the amount of bitcoin you have, the richer you are and this is because of the value that bitcoin holds. Because people saw the possibility of gaining more and more money from holding on to it rather than spending it.

I can say that bitcoin is a crypto currency , but with its fluctuation , people also using it as an investment or asset that someday they can earn huge profit with it. We are luckly to know about crypto currency technology because we can use it to smalling the difficulty of transaction to one another in whole country, we can also use it for investment by holding it long term. So I think Bitcoin are both of it.

Presently  Bitcoin is an asset, and secondly a currency,being an asset  is the  reason why every on with it  try to  reserve part  of  there  bitcoin, A currency now because it  is  now accepted as a means of  transaction in the  global world, because  of  the  advantage  of clearity and speed in the transaction.

I see bitcoin as an asset because i've never use it for buying something. I just use bitcoin like a gold, that I believe someday ,it's price will give me big profits by keep holding. Bitcoin is a crypto currency, but it still unknown for most of people in the world, So you can't use it everywhere to buying goods or services, its services just provided in some country.

In economic terms, asset is something that generates money for you. So yes, bitcoin is an asset. And it is definitely a currency, a cryptocurrency specifically.
There's nothing wrong if a large number of user prefer to hold rather than spend. Seeing how fast the value of btc rise, it would be stupid not to take the opportunity.

Technically bitcoin is a cryptocurrency but bitcoin behaves like an asset and more people buying it as an asset because it believes it will appreciates in the future. Well we cant blame them,because as what we observe...bitcoin continue to rise from the beginning.

In short bitcoin is a currency that has been continuing to rise its value in a certain way can be associated as a asset where people can easily earn money by just holding unto it. It also works to any crytocurrency out such as eth, waves, doge and many more. But bitcoin is most used one so the change of price of is mostly upwards.

Bitcoin is a currency because it is a digital money that can purchase a thing. And it is also an asset because it is part of your property thus Bitcoin is both currency and asset.

I agree with both. I am holding it for over a year as an asset. Nobody does that with the dollar, the dollar inflates itself and is just used to pay for stuff. but I could also use bitcoin to pay for stuff too

In my opinion, bitcoin is a crypto currency, but when viewed from rising prices, most of them use bitcoin as an asset, I personally make bitcoin as an asset, I rarely use it to buy something with bitcoin, I prefer to keep it, and most people make bitcoin as an investment place because it can be a lucrative opportunity, the growth and bitcoin values ​​are very good maybe that's what makes them make bitcoin assets.

Well in my opinion, bitcoin is a currency . It posses the properties of a flat currency like dollars. You can use bitcoin to pay for the services that you needed specially online and accept it as payment for service you rendered. Like flat currency bitcoin can become an asset, because of its volatility why many people consider it as an investment but in reality , this characteristic of bitcoin also applies to flat currency.

In my opinion, is both, and its value continues to increase over time. It helps people's lives better

Bitcoin is cryptocurrency to most of people. However, to me, Bitcoin is an asset. It is very valuable. Bitcoin now is my job to earn money for life, pay the cost of living. I will save Bitcoin for many purposes in the future such as buy a house, open the cafe and buy a car.

Bitcoin is both, it is a currency and an asset because you can use it to buy things mostly online and you can have it for long term which will give you profits if you will just keep it on a safe place and then keep it for more years because the price of bitcoin is getting higher and higher and that is how can you buy more things in the future.

Gold can also be used as a currency (and was used 2000 years ago), but not it's only an asset.

I think that it is both - like has been said in this thread.

A more relevant question might be - which one is it more of? Is it more of an asset or more of a currency?

It definitely seems like it is more of an asset at this time, since people buy it with the thought that it could appreciate in value as they hold it for a certain duration. But there are also ^purchases that go on with it so it definitely has currency-like qualities there.

I hope that it gets used more as each - more and more acceptance over the long term

I think there are some terms of money, be it the fiat money and digital currency
1. Generally accepted
2. Has a stable value
3. easy to carry anywhere
4. Durable
5. The amount is limited and not easily falsified
6. Easy to share without reducing the value

I think bitcoin already has most of the terms above the above terms and is worthy of say as currency. although the price of bitcoin always fluctuates.

i agre with your opinion mate bitcoin have potential to growth in the world of crypto currencies, i keep also bitcoin for my investment for the future asset using the bitcoin as decenratralised currency many people around here in the forum save the bitcoin because bitcoin save and safety investment using the privatekeys.

Read this article this morning.

http://www.telegraph.co.uk/property/buy/bra-tycoon-michelle-mone-selling-192m-dubai-apartments-bitcoin/?WT.mc_id=tmgoff_fb_tmg (http://www.telegraph.co.uk/property/buy/bra-tycoon-michelle-mone-selling-192m-dubai-apartments-bitcoin/?WT.mc_id=tmgoff_fb_tmg)

That is a large sale via bitcoin. Good publicity for btc. Perhaps other altcoins will follow soon.

I'm on the side that it is both. It's a currency since you can buy things with it, but an asset as well in that people hold on to it for long periods of time. Even though I say it's an "asset," eventually those people will either die holding on to it or cash out.

Sure, it's gonna be a real huge thing ! This is one of the last points that must be allowed. Purchase of physical properties in all countries.

So, with the various regulations, with the legalization of the Bitcoin in different countries, things accelerate for BTC. The US economic situation is not exceptional far from it, and if the second hurricane hits. They will lose a lot.

it is a Currency because you can earn it   save it and use it  to sell any thing like clothes food ..............


what make it famous is global and security

I love bitcoin I mine it and buy it to save but it is pretty useless as a currency. I keep a couple hundred bucks in a blockchain wallet on my phone thinking I will find somewhere to spend it. I look everywhere I go and have found no one that accepts it. I have only used bitcoin to buy things twice and both were online once for a trezor at cryptohardware and the other at newegg.

It would be awesome if I could spend it anywhere but very few places to do so.

This is fact That bitcoins are both a currency and an asset ,
But it also varies from person to person.
People who buy bitcoins and store it safe in wallets use bitcons as an asset that would give them benefit in future
People who earn bitcoins or buy them from somewhere can also use it like a currency to buy stuffs like games on steam or ingame purchases like skins and all.
So we can see that people can use it like an asset and a currency too.

Bitcoin isn't much of a currency (yet), because very few people use it to buy stuff.

It's mainly a store of value and competes mainly against gold.

I don't know how to treat Bitcoin another people.But i personally treat Bitcoin is a asset because i hold BTC for long time and i think at future its safe or secure my life.I always depand BTC.

Why do you think btc must be a currency that can not be an asset? A concrete example of this. The dollar is the strongest currency in the world's monetary system and the main trading tool in monetary issues. But treating dollar as an asset is a very normal thing, such reserves do not have any affect whatsoever. btc too, there are many ways to make btc more popular and stocking btc or treating btc as an asset does not have any affect on that.

Both anyway. But presently it is more of an asset than a currency. Most people now see bitcoin as more of a store of value and would prefer holding it for a long time than spending. However, that does not stop anyone who wants to spend from doing so.

Bitcoin can function admirably as an asset. Likewise, it can be put away safely and economically. In addition, cool wallets are the most ideal approach to store your Bitcoin securely. Bitcoin is likewise effortlessly traded in different exchanges like the Coinbase.

As a store of huge worth, Bitcoin is significantly more fundamental and secure than other certifiable assets. For example, the land is a store of huge worth, yet all property requires support and dealing with to make the return. For sure, even empty land requires some progressing costs, with property taxes and lawful prerequisites.

I think when BTC goes mainstream then it would officially be considered as a currency, else Bitcoin will probably stay as an asset (defined by Forbes as well) when most people are still speculating the potential or investing in the coin.

I believe it's both ( a cryptocurrency and an asset also).
 Reason, is because, now almost ever business and country are now accepting it and storing it also can make you a lot in the coming future.

Bitcoin is a crypto currency that can be made anything we want. I think it's incredible bitcoin like a crypto technology system that has become a complete package that has extraordinary prowess. if you say that people prefer to save other than spend it is totally wrong. now many people are making bitcoin as a livelihood to meet the needs of its economy. so on this basis I can say that of course many people who do sale and purchase transactions using bitcoin. in addition there are still many people who make bitcoin as a long-term investment assets. because of course bitcoin has a very high value so I think bitcoin has become one package where one can use bitcoin as a transaction tool like fiat in general. can also be saved as an asset in the future.

Bitcoin is both currency and an asset as well. It depends on how you use it as currency or an asset. Bitcoin can be used to buy things as currency and at the same time you can hold your bitcoins as an asset for long time and make profits for doing so like gold. 8)

I think the answer is both and I think it will depend to people who have how they will use it. In addition to that, as of now you can say that bitcoin is a currency because you can use it in different kind of transaction but somehow you can also say it is an asset. Lastly, I do believe that bitcoin is a currency and an asset.

Well, I guess bitcoin is a currency and some people say that bitcoin is the new curreny and I agree to that. In addition to that, as of now you can see bitcoin is a currency because some people use it in different transaction like paying bill, shopping on online market and etc. I do believe that bitcoin will become our future currency.

Yes we can really say that bitcoin is a currency. There are a lot of services here in forum that pays you bitcoin(currency). And it is its usage as a currency and as an asset because most of us just want to hold for better. It doesnt matter on how an individual will use it, its just the same.

I think to what is happening right now with Bitcoin is that you can really treat it as an asset and currency at the same time, it just happen that it is on demand right now that is resulting to a high volatility and for some traders they take advantage of it to make a profit while other people just use it as a currency to spend and buy something with it.

bitcoin is the virtual currency that many provide for the user or the holder of the investment.
arguably a future asset in the hope that value is getting higher.
there are also some people looking for profit day by day.
disturbed in the individual itself.
I think so.

Great article! very smart move, they stand a chance of really making great profit if bitcoin continues to swing upward as fait currency cannot match bitcoin's rise in value.

when we say it is currency it has a value in exchange of money and different kinds of money..
we it is you can pay something with bitcoin and you can invest too ..

assets!! it is too .. you can have it as an asset because it has value and like others its value is rising and pumping so nice ...
many bitcoiner has it before like 1btc= 1$ but look now how much it is for a signle BTC for how many USDS now

I consider bitcoin as a asset because i think it is really like an asset, even if you have or haven't invested capital onto bitcoin. And i also consider it as a currency, but a digital currency because it is a currency operating in the digital world. Now that it is really being used by many people it continues to improve and grow.

What is currency? It is a kind of article that is used to trade with all other commodities in the market. There, they are always validated and accepted by governments. And bitcoin is gradually gaining all the above factors.

In spite of what you stated above, it is obvious you are never letting go and only reason is because you know you don't need any conviction that Bitcoin is not useless. As a currency, you can readily exchange to other currencies acceptable in your locality. If it were not difficult to find an exchange for it, that's when you complaint would have been credible.

As a store of value, compare the inflation rate with other assets to see for yourself when the demand for it can't help but increase.

It's a currency being used as an asset.

Bitcoin Is An Asset, Not A Currency.Neither in future. There's two problems with bitcoin as currency its value is unstable and its transaction

processing is too slow

I am considering bitcoin as a currency and an asset in the same time because bitcoin can be exchange into fiat when bitcoin price is in high price and in the other time, we can use bitcoin as an asset or investment.

Many people including me using bitcoin to trade with fiat to make profit and i still safe bitcoin in my other wallet and i want to sell my bitcoin when the price is increase later. I know if we want to sell in high price, we need to waiting until the price is reach the price we sell so we can make profit.

It depends on the people using the bitcoin. For those people invest in and hold the bitcoin then they are considering bitcoin as asset. For those people do campaign to earn bitcoin and convert it to cash or use bitcoin to buy goods then they are the people consider the bitcoin as currency. There are also the hybrid who consider billtcoin as currency and asset they are the one who earn bitcoin through campaign and they used bitcoin to buy goods and put some portion as investment. 😁

due to the limited of Bitcoin,  its prices will continue to rise, and in order to earn more profits, people tend to use it as an investment, when its price stable it will be a currency i think

This is the biggest question for any cryptocurrency even the biggest of governments are facing the same issue. But I believe that as of now it is much of an asset only considering the fact of its limited supply. The value of this asset will always grow but yes when its prices stabilize a bit it may be used as a uniform currency after that.

Its really doesnt matter to me if bitcoin is a type of currency or a form of asset.As long as its useful as cash and a profitable investment, then I will just leave it that way..
The one thing i concern about bitcoin is to become fully recognized of all the goverment in different country as valueble like other asset and currency and not a huge treat to economy.

It's technicallly a set of unspent outputs... Neverthless you are thinking in the present not the future. Bitcoin is still "experimental".

With what's happening today, it is more like an asset than a currency. People keep it because of value and "speculation" that it may have a greater value the next time they visit the exchanges. Aside from that, with only few places and shops where you can use it, all you can do is to keep it(Which makes it look like an asset)

In time, I think it that perception about bitcoin will change. Not when the value increase, but when the user increases.

yes of course this time many of the users who use bitcoin unlike the initial function of bitcoin as currency but as an asset that has a valuable value, perhaps because of the fluctuations of the bitcoin that can change its function.

It may be now bitcoin is an asset and valuable digital currency. But soon it will become a legal currency and soon it will be used by all of us.But before that ,bitcoin should replace the dollar. And it should replace the banking and the digital banking. So at soon the bitcoin will replace the currency.

Bitcoin was fundamentally created as an asset AND as a currency so it is both. It just so happens that thinking of it as an asset is the new fad and the people using it as a currency are the minority. In fact, if we remove those minority in the bitcoin ecosystem, money flow coagulates and it would in bitcoin being "sick" and die.

This is more proof that people should not be allowed to have influence on major decisions. The consequences can be unpredictable. From the moment everyone began to speculate and use bitcoins as a Deposit and began the countdown. If the situation does not change bitcoin will die.

It should probably renamed to cryptoasset, most people here will use it as a currency and i think that's really a dumb thing to do since buying w pizza 7 years ago with 10 thousands bitcoin could litterally buy you an island today. I don't really consider people who buy everyday stuff with bitcoin to be the smartest people around.
Bitcoin is an asset and it should always be.

In my opinion, it relies in between being an asset and currency. For investors, it is an asset that increases its value as time passes by. And for its users, it is a currency because they may use it to buy the things that they want, especially in countries where Bitcoin and other cryptocurrency is legal as a currency. I believe that it is currently an asset because there are still places where it can't be used as a currency.

I think Bitcoin should be both. not only a currency but also a great asset. most of the people are using Bitcoin for the shopping purpose but it also should be used for the future purpose. Bitcoin has become a popular platform for making a profit.

day by day it is getting acceptable in many countries, especially in the developed country's people are using Bitcoin different purposes. so you can call it both currency as well as an asset whatever you want.

Of course Bitcoin is a cryptocurrency, as you can see other countries start accepting bitcoin as one of their payment methods. But I agree about you said that people preferred to hodl their bitcoin rather than spend it because they already forecast what will happen in bitcoin in the future. Me? I would rather to hodl my bitcoins but for now I need it for our daily needs in life.

Bitcoin is both currency and investment asset. But largely now Bitcoin has turned into an investment asset because of its limited cap which results into appreciating its price with time. With holding Bitcoin you can earn good profit that is why people tend to save it and use fiat currency for everyday transactions which will depreciate in value with time and hence holding it would be baseless.

bitcoin has become a asset rather than currency for day today purpose.it is most profitable asset and attracting trader to invest in it rather go for stock or forex. price has pumped to a high value so we can not take it as currency similar to other digital currency.people are now buying it and holding it just as do with valuable assets in hope to get more profit in future.

I believe that more users view bitcoin as an asset in order to earn as much money as possible. As a currency, you can not use it anywhere yet, due to the fact that many people have not heard about it.

Well, it is definitely both. It is a currency because it is a cryptocurrency and it is an asset because it can be used as an investment and is a great help financially.

Yes, it is a currency. Bitcoin is a form of digital currency. It is used for transactions. But since its price becomes high, people took this as an advantage. They made bitcoin as an asset. People invest on bitcoin because they know their money will multiply easily.

Bitcoin is a currency, a cryptocurrency. In which it is in the virtual world that use to buy anything in Internet. Because of the characteristic of bitcoin that has a high value than other currencies. The users take this opportunity or advantage to keep it and make it an asset.

Its a currency and an asset. its a digital currency that you can convert into cash that makes it an asset to everyone who holds it.
its really a favor to us investor to be able to know bitcoin and sorry to those who still thinks its a scam

I see there is a misconception, born out of the evolution of bitcoin. Bitcoin was created as a currency, a vehicle of exchange. However it has morphed into something a bit more complex. It is neither an asset or a currency. It is a currency and an asset. Its definition depends on its use by the end user.
But in current times its morphiing into more of an asset. Its cap and inability to freely mint more coins is the nail that will always ensure bitcoin is more of a commodity than a currency as it is the perfect commodity where price is affected directly by demand and available supply.
It will always continue to increase in price as the world continues to adopt it and its number is limited.

It can only be considered a currency in micro quantities.

Sometime into the far future once online user adoption is close to or surpasses 90% we shall see a possibility of it becoming a currency. However that is a very long time into the future and the world is more likely to witness new currency that fulfills the criteria of a currency that instills controls to stabilize its value.

In my opinion is more real than fiat currency, if you study how fiat currency is made today btc is much more real and is international currency, no other currency is so international like btc.
Cyprto currencies unfortunately is the future of the real economy

Campaigns are systematic. With projects is different. You can earn as good and only lose time. The more time you spend, the more money you will make. On the top of the skirt on the rank subgenre.

I think both are true, it just depends on how each individual's perspective view. because everyone's thinking must be different. and for my own personal thoughts I think bitcoin is an asset

i think Bitcoin is both , Bitcoin is a really a Currency Asset , little by little i safe some Bitcoin for my future , my prediction Bitcoin price will rise in future , and i do not want to missing this opportunity .. ;) ;D

The best thing about bitcoin is the thing that you could actually used it depending on you needs and wants. For us we could actually simply used Bitcoin as a form of transaction specifically on trading which could give us an extra opportunity for us to earn. And with that we coule actually earn and bitcoin could serve as an asset for us.

Bitcoin is the currency of the internet and an asset also, as it's price increases with time so it is also an asset.

bitcoin is a phenomenal digital currency, the bitcoin revolution evolves over time, becoming big and triumphant. this is why bitcoin is often asset for the people involved.

It depends on the purpose of the person, there are people who keep BTC as a retirement or extra income, but there are those who actually live on the market. So the BTC can be a temporary resource or a currency for day-to-day consumption.

In my opinion i think the bitcoin is asset In this time because it  is incrase avery moment and i hope the people feel more safed about it

It is really a confusion among the public and even government is not able to take the concrete stand on this particular topic. Under the existing law of my country, Bitcoin can be classified as a currency because it has some value and we can transfer it with flexibility. Bitcoin can be classified as a commodity because one can store the value in it and Bitcoin can be classified as a computer software too because ultimately it's a computer software. I think it is more like a currency rather than other classifications of it.

Bitcoin is a currency, there is no doubt about that because that is what it is. Satoshi designed it to be a digital cash, thus a currency. Bitcoin is just behaving differently from what it should be. It is behaving more like an asset than a currency because of its high volatility. But there remains a fact that we can use Bitcoin to purchase goods and services, thus it indicates that it has a characteristic of a currency. It is hard to point what it is since it possesses dual character. I believe it is a currency and an asset at the same time.

well! It is very difficult to decide because for me bitcoin is the both because it is the asset and the currency at the same time, because being asset a lot of people use to preserve their bitcoin. As the currency it is being accepted to buy things in the global world. The reason behind this is that it is the transaction speed is now very high and it is easy to use as compare to the other currencies.

when bitcoin becomes a commodity of income for a person. I think they will conclude that bitcoin is an asset. and when people say bitcoin virtual money, then bitcoin remains a virtual money.
I think it's about a person's threshing. no more.

Yeah bit coin really is a type of currency but a virtual one that has no physical form like other currencies e.g. dollar, euro or dirham etc. I can’t say it is an asset because an asset is something that you hold physically where bit coin never exits physically, it’s a virtual currency which is mostly used by the tech lovers.

It can be both because between an asset and as a currency, bitcoin can be both. Bitcoin can act as a currency since it can be use to purchase and buy products especially to those establishments and countries wherein bitcoin use as  a payment have already been accepted. At the same time, bitcoin can be also an asset upon holding it that will surely give you a gain by just simple saving it.

For me also, bitcoin is not only a precious asset but it shows the characteristics of currency at the same time. That's why I call it having a dual nature. Money is just a medium of exchange and we can buy things directly with BTC (not everywhere). We can convert is into fiat so it’s an asset also.

Honestly it acts as both, the world has never seen anything really like bitcoin until it was created so right now you can't really lump it into one category.

It is still an asset if people are holding it and keeping it for the value to grow high in the coming months or years. It does not matter whether it is on a physical version or not. Remember that gold nowadays are being traded, hold, and kept for a long while for the price to grow as well. But we are not talking about hard gold here. We are talking about paper golds, just like bitcoin, everything is digital.

For me, bitcoin is a currency. Not only that, it is also a valuable asset. I see bitcoin as currency because I can use it to pay bills.

bitcoin function is not only limited to currency alone but more than that bitcoin is an asset that has a value so high that currently bitcoin really popular in various countries although there are still some countries that prohibit the use of bitcoin, but it is not an obstacle to development of bitcoin in the future.

Yes, bitcoin is a currency and an asset, in fact we can freely sell bitcoin, in my city I can get bitcoin exchanger and transaction very quickly, in seconds then the money has been received in the bank account.

some people are more likely to holding their bitcoin because they have the particular target price to sold eventually the profit will be their aimed but holding bitcoin don't mean they're not consider bitcoin as the currencies because bitcoin have potential to became both a currency and asset itself

That’s a lie, Bitcoin is not a currency, it’s an asset/stock. A stock can also be used to purchase something; for example you can use gold to get something you need. So that’s how Bitcoin works also. It’s a stock but can be used for exchange, buying and selling.

Actually we can say both because if we go for both then both are right bitcoin is giving opportunity to people so we can say that bitcoin is a good currency and on other hand we can say that it is asset of gold. Because if we are having bitcoin then we will earn more.

As long as bitcoin rises it is an asset.
Using a product for payment that is rising in its value, that's something you only do when there is really no other choice.
Most people have the choice to use the local fiat as a payment. That is one reason why the bitcoin increased its price on such a large scale: people had no need to give it away.

Yes bitcoin is a currency or asset, actually we can say so, bitcoin is the currency because we can use to pay whatever we want, while the asset because we can easily calculate its value compared with fiat.

bitcoin is actually a currency and an asset, because many companies and countries have accept bitcoin as a transaction tool, it can also be made into long-term asset if you can save it longer in the safest place, because bitcoin has a selling price which is getting higher from year to year, maybe bitcoin can be a future asset make our finance better

Depending on the respective perceptions, bitcoin is more to the currency and not the asset. Those holding bitcoin are traders who take advantage of the bitcoin price fluctuations. I think it makes sense if bitcoin is more than just fiat currency, where we can get additional benefits, compared to just storing it in a bank.

actually bitcoin as an asset or currency it all depends for each person, because it has no rules such for asset or an official currency, if I use bitcoin as my investation asset for next 10-20 years because according to asset of investment with bitcoin for long term it will benefit me in the future

I believe that it is both an asset and a currency. Bitcoin being a digital currency which is somewhat a universal currency because users can send and receive money through bitcoin without thinking about it's exchanges with other country's currency. And as an asset because bitcoin really is an investment, you can invest in bitcoin and can have a profit.

Indeed, bitcoin could actually serve as a both an asset and a current for people. It just depends on how they will going to used Bitcoin on investments , transactions and trading that could be a current that could give them an opportunity to earn and to have profit in the future. It is actually a good thing becasue it helps people to achieve something by dealing with the innovation apart of the development of technology.

they are just waiting for a much bigger value before consuming their bitcoin so they can take advantage of a better price, but also some people treated bitcoin as an asset to hold believing that it will gain a lot of value after several years, better to hold and treat it like that so after some years you will be financially
stable.

It is clear that many treat bitcoin more like an asset that has the potential to grow multiple times its original value. Much as we would like to treat it as a currency, the limited options for using it as such hinders many who would like to do so. So instead of spending bitcoin as is, many of us would simply just tend to hold and see the price rise and fall according to what happens next.

i think it is both, it is a currency and also an asset. bitcoin is an online currency, it can be converted into a physical money and what is good thing about it is, we can get a large amount of money or we cana have a savings comming from it, thats why it is good to save bitcoin, it can be our asset for the next few years, so as long as you can earn it, earn it, it is not impossible to be a millionaire someday because of this.

bitcoin is an asset, we can consider it as asset because it is our money, our wealth, and it has a value thats why i consider it as an asset, but i also consider it ass a currency we all know that bitcoin is  a cryptocurrency in the internet we can get a money thru it, thats in terms of its definition it is a currency. so in order for us to understand it well bitcoin is a currency and it has a value thats why it is our asset.

can't
you say people still consider this bitcoin asset for the future because they know bitcoin increase its exchange rate in the future.

In my opinion - treat Bitcoin as asset only is stupid.
I think it is AND money AND asset.It is just something that can be used in both ways.

Maybe in future he will move more to "money" side but still...

That's cool. Seriously, as far as it is serving us profits, does this really matter what is it, asset or currency. We can buy some stuff directly paying in bitcoins and we can also convert it into fiat. This way, it reflects the features of both so no one cares if we think of it as a currency or an asset.

According to me many people consider bitcoin as an asset by holding it for a longtime to make more profit out of it rather than spending it as currency.

For me, I can considered the bitcoin as currency and asset. Having a bitcoin is really great because we all know that the bitcoin is very important and very valuable. I can say that I am one of the lucky person because I hold bitcoins.

Could I separate them both?. I don't thinks so, it is how you treated it then that's the description of it. Like me, I used it as a currency for I can buy so many things using it but I also hold it for few months for a reasonable increase so I can also categorize it as my assets. It really depends on how you handle bitcoin and how you want to categorized it yourself but in the end it always be the same.

I have already posted a topic answering this question too. And yes, bitcoin is an asset that has many features including decentralisation, volatility and anonymity.
It is an asset but functions like currency.
Yes some say that it lacks characteristics but it already functions as a currency. There's no way someone can stop it right?

It is both. This way it's special.

Although large community use but only delicious MMO industry is rarely brought to use the exchange of goods.

even a lot of people holding bitcoin, some of them still using bitcoin as way of online payment. on the meaning its both to currency and asset. on its purpose that bitcoin is a great item that can be used for invest or exchange into fiat, that make the good point of bitcoin. nothing dominant from currency or asset, because bitcoin can be used as both.

Bitcoin focuses itself as currency, investment assets are the options that come after that, bitcoin is never thought of for that, but because the trend is always moving fast and continues positively, bitcoin is able to play a double role, I still think that bitcoin is only for the means of payment in the online world.

As for me, bitcoin is an asset. People can consider it as an asset because it is our money or our own wealth. Because it is our earnings. It has also a value that's why people can consider it as an asset. But then, people can also consider the bitcoin as a type of currency used inside the internet. Because as we all know, bitcoin is called an asset but inside the internet, it functions as currency or sometimes called a cryptocurrency. Therefore, bitcoin can also be a currency that has a value that's why it is our asset.

You are hundred percent correct bitcoin is a currency as well as an asset whenever you need to pay your utility bills or buy something online bitcoin is the best currency you can use and it is a perfect asset   which will be required in the future or for a rainy day then it will be very easy for you at that time and as we know that bitcoin will rise high in the future so it will be a best asset for us in the future.

Bitcoin is both a currency and an asset. In fact, it has already been designated as such legally in Japan with more countries to follow. However, it is a currency that has not yet reached mainstream status or acceptance.

bitclin for me is an asset and a currency. i can say its a currency when i exchange it already to our money and cash out or use to pay my bills. and i can say its an asset when i keep it in trading that will use in future

Surely it act as both an online currency and an investment asset for people. People use it as online currency by making a lot of transactions online for the sale/purchase of their products and as an asset by making long term investments in bitcoins for their future purposes.

Gold could be a stable investation ground, but the growth of its market is low. Bitcoin can be an more lucrative investation alternative with its fluctuations and its market growth who keeps showing a promising growth.

Yes, bitcoin is an asset for the future. I was saving in bitcoin, holding and waiting until the price exploded. and I will benefit. because bitcoin has become my future asset.

I think bitcoin is both, money and assets. Bitcoin can serve as a transaction tool that proves the function of money, the average person often holding bitcoin because it's part of the asset.

I think exactly the same. It is a very different sort of currency. In my point of view, you can use it in both the ways like in whichever way you like it, just use it. It is beneficial in both the ways. It only depends on the way we want it to utilize. I will suggest taking it as an asset and that will benefit you more.

Yes it can be both currency as well as asset. when hold it for sake of profit it become an asset and different from other asset this asset can gave huge profit on time of rising index and when you want to trade across then it become currency which you can use anywhere it is acceptable on stores restaurants and shopping sites etc.

It can be asset as well as currency in means of paying and buying through it bitcoin is currency. And if one keep it for the time of need to gain profit then it will give them profit. Taking it as both gives a lot of profit and one can use it in both ways and will give benefits in any state and at every stage of life.

Bitcoin is a currency and an asset. An asset is something you invest in and a currency is something you use for medium of exchange so Bitcoin has both of these properties when it comes to money.

When using a provider like Change Bank (https://change-bank.com/ico/), it will become a currency, but now it's mostly an asset. Some stores accept bitcoin but not a lot right now

It is currency for all people/organization that accepting it as payment for good or services. Bitcoin is currency but only applicable in digital transactions just how dollaors only a legal tender in USA and peso in PH. and bitcoin is also an asset since has value that increased someone's financial networth.

Its obviously both, In terms of its asset comparrison it might be precious metals. In terms of its currency utility it is very useful for large transactions, in particular large or international transactions, but it gets expensive and cumbersome for small everyday transactions.

I treat bitcoin as both currency and an asset but yes it is true that many people consider bitcoin as profitable investment opportunity with moderate risk of loss.  I think it would be better if it will be explained at this way since it will depend on its users if they'll consider it as an asset or a currency.

Bitcoin is a digital asset and it's not money at all...it just works as a currency. Wikipedia (https://en.wikipedia.org/wiki/Bitcoin) defines it, "Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like digital currency, digital cash, virtual currency, electronic currency, or cryptocurrency."

For me Bitcoin is an asset. Because holding Bitcoin for longer period of time and selling it when the value gets high is like holding an asset until we get a good profit from it. :) :)

depending on what you call it. I guess it's the same, I prefer bitcoin is an asset and a future investment that has an advantage. yes I think so

Exactly. If theer is a need for money for basic needs, it can be used as currency. If not, the money can be saved and kept as an asset. The value is increasing huge though there is a fall now and then. The more the money is saved, the more the profit would be down the line. I love to first fulfill my needs and save them for future as my asset.

in my opinion it is both for bitcoin prices very expensive bitcoin can be used as a reason to make the assets and can trade also

in the later age people exchange goods in order to pay for services and soon they started calling it assets and after that currency and paper money came. Gold is an Asset because it is a rare mineral and it has demand in the market, on the other hand, bitcoin is not a mineral and has no physical existence but it is rare(as because there are only 21million for all the world) and bitcoin has demand and supply so I will call it virtual Asset.

Bitcoin is both a currency and an asset. When you own fiat, that is currency, and also an asset and Bitcoin is no different. :P

There is a clear generally accepted concept of currency. By this term, bitcoin can not be classified as a currency, whether we like it or not. Therefore, most likely bitcoin and other crypto currency should be considered as an asset. Crypto currency can become a digital currency only when states legislatively change the wording about the concept of currency, adding it with the text that characterizes the digital currency.

These days bitcoin can be easily convert into money and you can also buy some stuffs with it . You can also pay your bills and other payments online. It so easy that why it is called one of the most top coin in the world. I really think bitcoin is a currency and also an asset , because we can do everything now in bitcoin especially in making online payments although it is not legal but also not illegal , it is a digital currency that we used most of the time.

Bitcoin is both of them. Bitcoin can be used as a currency and an asset. However, since the price of bitcoin is very high by now, I believe that there is only a limit number of people using bitcoin as a currency. The majority of them use bitcoin as a type of investment. They believe that they can earn a huge amount of money by holding bitcoin

Bitcoin acts like gold, it used to be a way to pay for things, now its a store of value. Bitcoin will likely go the exact other way

One of the most amazing characteristics of bitcoin is that it is a combination of currency and at the same an asset. One of the reason why banks and governments are threatened. If they cannot control it, banks will collapse not unless they join the bandwagon. 

I think Bitcoin can be labelled as an asset because it holds a very good value in the future, and it is one of the best investments online. Do you see the news in the crypto world where there are throwing of opinions and criticism about this cryptocurrency but in the end it is still going going strong and holds so much value to those people who are open minded in this technology. This cryptocurrency is a piece of science and myth that exceeds any value of any fiat today, so yes it is an asset that can be used also as a currency.

Maybe it can't be considered as a currency yet today, but probably will be in the future. That's my take anyway.

Although bitcoin has a very good reputation, bitcoin can not be used as fiat currency, if a large number of bitcoin users treat it as an asset, plus another problem that is the market and some countries that refuse and do not acknowledge the existence of bitcoin.
People store bitcoin, not just for assets alone, but there is another purpose that is profit, this is where they insist on saving it for long period of time (waiting for high price).

In my opinion bitcoin purpose and identity is circulating between currency and asset I really think you can surely give credit to bitcoin in both ways and on how you are using bitcoin, but I really think this doesn't really matter at all because at the end of the day bitcoin will still be bitcoin and you can use it whatever you want it to be you can surely treat it like a currency or save it as an asset.

Its both and cannot be manipulated at all by traditional institutions.

Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

Just a reminder to newbies:
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping
https://macromon.files.wordpress.com/2017/04/global-monetary-base.png?w=640
https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/ (https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/)

Its a touch of both honestly , but it functions moreso as an asset that it does as a currency. Currencies can denote any accepted medium of exchange, but in the modern day, currency = stable. it would be hard to transact in a currency that fluctuates. bread might cost less one day, gas might cost double. people would establish a secondary currency; a society wouldnt cope with this for too long ;)

there is an expectation of value increase, or at least value retention, with an asset. this is more of bitcoins speed. you can spend it, but for anything that you would buy bitcoin with that isnt another crypto, you would have been better off using fiat ;)




ask the bitcoin pizza guy.

more precisely as an asset, but some people call it a valuable virtual coin. for now because btc has not been acknowledged by the world as a currency equivalent to the currency issued by the government then it is only as an asset that in exchange for the government currency will be more easily accepted anywhere.

If I was that guy, I'd kill myself lol

If one is spending it for the daily works then it is counted in currency on other hand if one is maintain wallet of it and continuously adding bitcoins to it for the future then it is asset and it gives benefits in both ways no matter how anyone use it bitcoin bless everyone miner, trader and investor, so do whatever you want whether you want to spend or want to hold it works for you.

It is both a currency and an asset. Currency in a sense that you can really use it to buy thing you like, pay your bills, send money to anyone, and more. Actually, I am using bitcoin for a long time, and it's been great so far. I find no hustle using bitcoin. I have also bought stuffs and accessories for my gadgets.

On the other hand, bitcoin is an asset in a sense that it is MONEY in different form. Bitcoin is a cryptoCURRENCY, which means that you can use it as a medium for buying things. And the best thing about owning bitcoins is that you can multiply your money due to its volatility, although the risk of losing is still there.

Bitcoin can be used as currency as well as asset also.
Some countries are legalize bitcoin and most of shops accept bitcoin as payment that point of view bitcoin is currency.
but if bitcoin is only used for trading purpose than it can treated as asset.

This can be treated as both. Consider you are making payment via btc where it becomes your currency. And say you invested some amount in your cypto for long term. As a result what ever gain you would be getting which will be classified as a long term capital gain which is treated as an asset. But again it will depend upon respective country how they prefer to treat this.

Years ago, it was a currency imo. Now it's more of an asset, with the high fee's and slow transactions.

Right now it's more of an asset, if you ask me. Sure it is used as a currency but in 90% it's used as an asster. Just look at how many people are buying and holding overall and will be holding for some longer time.

Bitcoin is both an asset and currency. Currency in crypto world and used in digital transaction. It is an asset because as long as you hold it it serve an asset and it provide an income and saving to those holding bitcoin.

For me it's both. It is bothe because sometimes in my country they pay it for their electricity bills, dailly expenses, even payment for water bills, sss, mobile credit . And some they are keeping it or holding it for future purposes or their investment. I Said they, I didn't include my self yey because I am new and I didn't earn yet but i am almost there. And i will do the same when I have bitcoin on mu wallet.

Bitcoin is both, a currency and an asset. It is basically a currency used to buy and sell things online just like fiat currencies, and could being converted into cash anytime, so there is no difference between BTC and any other currency.
But it is also an asset since the price is increasing highly in short time, so you can trade or hold it and earn money.

Its good to know that bitcoin is already adopted into your country which you can able to make use of it on paying up some necessities which is great and i hope this thing would be available into my country soon. Bitcoin can really be treated either both ways.It depends on how people do see on it. Most people will surely see this as a currency but on virtual thing which is actually its purpose though.

I think it depend how you use it. You can use your bitcoin as currency in which you use it in different kind of transaction like paying bills and shopping on online market. Some people use it as an asset and they hold it and stock for a long time and I think they will sell it when he price goes up.

I treat bitcoin as both currency and an asset but yes it is true that many people consider bitcoin as profitable investment opportunity with moderate risk of loss.

though digital coin is just an ordinary coin untill two or more people agreed to exchange it for services and it become a valuable asset.

Both I think.

As a currency, because no other digital currency can match Bitcoin advantages in fees, scope area, and transaction speed. Bitcoins decentralized nature and anonymity are also a big plus. Compare it to conventional digital payment system like Paypal, Skrill, etc, Bitcoin is way better. Those service fees are huge and sometimes a pain in the ass to use, especially Paypal when you are in risk of a chargeback if you're on the receiving end.

As an asset, because of its value development. Bitcoin went from ~$100 to ~4500 within just four years. When I first knew Bitcoin its price was only $100ish. I never thought it would reach the realm of thousands back then. Gosh, I wish I bought a lot of it. People expect the same too, they want Bitcoin to repeat its history and reach even higher, maybe nearing $100K :p

Bitcoin will be used for larger purchases, whilst coins like Dimecoin could see real online use. We need coins with insanely high supplies to control the price with more ease

Maybe it depends. Four countries wherein it is already legal, it is a currency that its users can use to buy the things that they want. For investors wherein it is not yet legal, it is an asset to be held for a long period of time as its market value is increasing. Maybe it relies in between being an asset and being a currency.

for me bitcoin is the currency that can make the most phenomenal assets in this century. because in addition in terms of benefits, bitcoin gives more independence for users including me.

If holding bitcoin for long term can be counted into the assets and if use for the daily use an for transaction it can be currency and my suggestion is to use it in both ways it gives same benefits if someone wants to secure future and give a happy life to his loved ones he can keep them as asset and will help in that time and as currency they are always helping.

I think you can consider it as a currency and an asset.Though it is not really considered by some countries as a currency it is still an asset for them because of its value.There are also some that are considering it already as a real currency.

I agree with you. bitcoin can act as a currency and an asset. limited quantities, high demand, bitcoin becomes a rare item sought. its rising prices make it one of the best assets right now.

Still it is new to the world, a lot of people doesn't know about Bitcoin even me also dont know few months back. I might think it will take time to consider as Currecny also people will be using world wide.

bitcoin is a currency rather than an asset. I thought an asset is something that can generate income?

Bitcoin is an vertual assets that you  can hold, you trade and everything you can do just like a regular currency ,but the beauty of these currency is decentralized you can send to anybody with third party involved.

i think its both.. it is currency and an asset for future use

That is right, bitcoin is an asset because you can buy it and hold it for a long time and the price of bitcoin will go up and that is when you are going to earn money or profit from your bitcoin and that is how assets work and you can also use it as a currency because you can use it to buy things online or even out from the internet world if the sellers agreed to a bitcoin payment.

Why does it have be either a currency or an asset? Why can't you see its both!

What is gold? Its an asset as well as a currency (you can always trade gold for things).

For me bitcoin are multipurpose, It could be used as currency esp, in trading. Wherein you have to buy and sell when you find good profit, You may also used btc as an assets because it increases its market value as the time pass by like gold and land property.

It is both and you can pick how you want to use it. I would say it is mainly a currency because it is designed to be one. Fiat currencies would also be assets if they had prices like Bitcoin has. I use it as a cryptocurrency and I think it is not true that not much stuff can be bought with it, this is not 2010, you can buy pretty much anything with Bitcoins, it is just a bit harder than an average shopping.

I think Bitcoin work an asset it is because of in term of bitcoin it produce an income.It can be store safely. Bitcoin is also easily exchanged.
As a store of significant worth, Bitcoin is much more basic and secure than other genuine resources. Many organizations as of now regard Bitcoin as an asset. But Bitcoin can may be a currency
Bitcoin also has potential as a currency or maybe a ‘Global currency’. New companies have been created to allow Bitcoin to be used in a much more user-friendly way.As of now, asset or currency, Bitcoin remains volatile. Bitcoin is mostly asset because it can be convert to real money

Asset, storage of value. To become a currency needs to be easily accessible, tradable and used to acquire every type of goods with ease.

I think bitcoin is a currency (digital) but i dont think that it is capable from replacing fiat money in the market. That is true there atr companies who restrict the use of cigarettes at the public places.

I think money as an asset with high liquidity

In my opinion, if the bitcoin continues to grow as much as possible for a few minutes. It seems to me that in a few years, but it is possible. This solution is practical and more profitable for a highly developed country.

As per my point of view bitcoin is both currency as well as an asset .The main activity of bitcoins is that it is a medium of exchange due to its volatility,it can be considered as long term investment and an asset.It is also a currency but its value does not remain stable and its transaction processing is really slow.i see it as a great asset for the future as it generates income

Bitcoin is both a currency and an asset. If youre talking about asset, i guess bitcoin is really one of them. You can transform bitcoin into cash which is very good because you got bitcoin through the internet. Cryptocurrency is becoming a tread which is good because it is very revolutionary and one of the key in advancement of technology. There are no reports of cryptocurrency being hacked and that means that the security of these types of currency is very good. Unlike in banks, we got reports that banks got hacked and the money is transferred to an untraceable account which is very alarming to those owning bank accounts.

Bitcoin can be a capital in times of need. You can use it to start a business and all you did to have bitcoin is investing your time to gain it.

I use bitcoin and I treat it as a currency because I can use it to buy the stuff I want so why is it the property?

at some countries (like in israel) government treats bitcoin as asset, meaning you should pay taxes on rate profits every time you make transaction same as stock market
at other place it's considered currency as it should and it makes things much easier

For me bitcoin is more of an asset than a fiat money substitute. Because until now I have not been able to use bitcoin to buy something in my country and usually I sell bitcoin that I have to buy my daily needs. So I will collect as much bitcoin as I possibly can until someday if my country government legalizes bitcoin I can use it in my daily life

Really bitcoin is a currency and an asset while it is true many are holding as investment some are spending as such. In reality something doesn't have to be sold for full bitcoin it would be at whatever the exchange price is one hundred dollars is still one hundred dollars in bitcoin.

The bitcoins, For me it is an asset because it is my long held and I hope that it will rise in value. But we can not say that assets because bitcoins also use our daily necessities such as buying food and more. So for me the bitcoins are an asset in the same time as the currency

Bitcoin can be both of these, depending on how you use it, and that is the part of its charm. In some countries where Bitcoin is regulated that depends on the definition that government has provide. I use is mostly as currency because that suits me the best but many users look at Bitcoin as an asset for long term investing and basis for the profit.

Bitcoin is valuable for being a currency, so it's a currency. There is a component of long-term investment currently, but people invest in other currencies in a similar way and this does not make them something else.

Bitcoin is more Value than gold. it much more and more value, this is world currency.
Which can calleed you mother of alt coin. Anybody can't think any type of coin without bitcoin.

I still believe that bitcoin is more of an asset than a currency. Currency is considered to be funds that can be paid off-line, in supermarkets, restaurants, car refueling and the like. But still I think that in the future bitcoin will reach the level of the fiat currency. That's when the fun begins.

Couldn't agree more

Based on what I read online although I don't know if it's true or not, Some countries develop bitcoin taxation rules, like America, Australia, EU, UK, Japan etc., some of them considers BTC as an asset-like value, others considers it as a currency. It all depends on your Jurisdiction, try checking your countries rules (if they had) just to make sure.

bitcoin indeed as an asset, because it is very good for investment but bitcoin also as a very profitable exchange tool because the price is high so surely people will collect it a lot and wait time to sell it

for me bitcoin is an asset not currency for buy a things. I don't want used bitcoin for pay something.
I just using bitcoin for earn profit

Bitcoin could be considered as asset and currency. Bitcoin can be traded into other forms of coins and it also considered as currency because we can used it to buy things and used as payment in some bills. And some of my bitcoins are traded into our local currency, since it is not accepted as a payment in local purchases.

 Due to you can use the bitcoin to have transaction on the internet like you can , in some way it can be seen as the asset, I hope in the future people can use bitcoin to buy things in the supermarket,ect.

Both. It's a currecny and an asset. Just like the fiat money, cash on hand and cash in banks are both assets. Same with BTC. Coins on your hot wallet and cold storage are both assets.

I think BTC is a currency by far. With Salt lending it could become an Asset. By default a currency.

depending on you, if you save it then it will be a very valuable asset later on but if you intend to use it for shopping and trading then that means currency. I use both of my bitcoins

To my mind, it depends on how one would use bitcoin. For everyday transactions in crypto, it serves as a currency. For keeping it in a long period of time and use as a long term investment, it is consider an asset.

Bitcoin can be used as currencie as can be used as asset, Venezuela is considering legalize bitcoin, because they will be able to acess more dollars, that is a stable currencie for a country with soo many issues as hyperflation. I do use bitcoin as currencie to pay some bills, to buy some things as well, but im saving some because i know its potencial. A lot lifes had changed due to bitcoin, and well it can be used as currencie, store of value, payment processor, this are the mains things that bitcoin is good for.

Maybe in some countries bitcoin can be used as a currency to legitimize government regulations, but in my country when the government forbids bitcoin to be a tool for transactions, some people in my country only make Bitcoin for long-term investments. .

It is both a currency and an asset. The price inflates and the use of bitcoin grows at the same time.

I am also seeing bitcoin in future as an asset because bitcoins are limited in the system and the rate of bitcoin is going very high so in future bitcoin would be treated being an asset although bitcoin is a currency. I predict that in future it would be treated in both senses  but basically it is a currency and may be after legalization across the world bitcoin in the system enhanced.

indeed, in fact many bitcoin owners prefer to withhold bitcoin rather than spend it,
but it's their way of enriching themselves because seeing the ever-rising bitcoin price keeps many people tempted to hold it,
because there will be more benefits there.

I prefer to use bitcoin as a means for long-term contribution. So far I see in this more prospects for enrichment. However, the time will come, and we will be able to use bitcoin on a par with dollars and other customary currencies. While most use bitcoin as a means of earning in the short or long term, because it is very convenient and profitable.

Bitcoin is a currency and an asset too. Both are the means of income. If you deal bitcoin as a currency, then it is a currency. If someone realizes bitcoin as an asset, then it is an asset. Anyhow what really bitcoin is not an issue the purpose is making more and more money. You should not think what really it is, you should think bitcoin will give you profit or it is just a waste of time.

Bitcoin is a digital currency. It can only be considered as an asset when they try to hold it rather than spending it. When you try to invest it,it will now be considered as an asset. People tend to keep it because the exchange is favorable.