Bitcoin just an asset ?

[SABRINA-ANTO]

I think bitcoin is not a currency. But bitcoin is a tool that gives ease in transacting. Although not yet meet the needs of modern economy. But now more and more people are using bitcoin as a tool to transact.

I agree with you, Bitcoin is not a currency but I think Bitcoin is an asset. Although there are many people who can betransaksi using bitcoin. I think it is too difficult if bitcoin becomes currency because it will create instability in the country's economy and the country's currency will not be the hallmark of the country.

[Raven91]

I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?

Bitcoin is truly an asset because in bitcoin you can have so much money.Bitcoin can able to make your financial status becomes higher and higher and make your time and effort productive and can make your lufe meaningful.

[zeze18]

I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?

For now bitcoin is a very valuable asset and has large contribution in the economic changes of its users.
This is certainly due to effect of bitcoin volatility on the real currency is very high, so the function of bitcoin that started as digital currency has now turned into valuable asset.

[Oo ako to]

Yes. It's really an asset but still it can also be used as a currency. Many people are starting to use it as tool for paying goods, services and other things that they buy online. More and more companies are starting to accept bitcoin so it can really  be treated as money.

[mongkie]

I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?

btc is used as payment in many stablishment nowadays. the main purpose of money or currency is to provide payment in exchange of goods or services. btc is a currency understand?

[ObscurePen]

I like to think of Bitcoin as both; an asset and a currency. At the moment, the media is mostly right. Bitcoin does act like an asset; a very volatile asset I may mention. Bitcoin is not accepted as a payment is most stores. I guess Japan is the exception to that, but in Australia, Bitcoin is not highly utilised as payment. I cannot use Bitcoin as a payment method for most activities such as buying groceries and the like. The main reason for this is what I mentioned before. Bitcoin price is extremely volatile making it a very bad currency. Thus Bitcoin becomes more of a asset. However, I have to add that Bitcoin is still accepted by a few merchants. These few vendors are the entities who uphold Bitcoin as a currency. Otherwise, Bitcoin would be purely an asset like gold.

[Aventhe]

I would have to say that bitcoin is a bit of both, a currency and an asset. Bitcoin certainly shows more signs of an asset as an investment.
Today, bitcoin is mostly used for trading for altcoins and vice versa. The reasons for this is that as stated by ObscurePen, bitcoin is not yet accepted in many stores throughout the countries, except with an occasional exception. However, this is soon to change as I am sure more and more businesses will start to accept bitcoin as a payment method for their customers. 

[GlassMaster]

Bitcoin is something between the currency and the asset. With the help of it you can earn both when investing in precious metals, but they can also be paid as a regular currency.

[qwertyup23]

I like to think of Bitcoin as both; an asset and a currency. At the moment, the media is mostly right. Bitcoin does act like an asset; a very volatile asset I may mention. Bitcoin is not accepted as a payment is most stores. I guess Japan is the exception to that, but in Australia, Bitcoin is not highly utilised as payment. I cannot use Bitcoin as a payment method for most activities such as buying groceries and the like. The main reason for this is what I mentioned before. Bitcoin price is extremely volatile making it a very bad currency. Thus Bitcoin becomes more of a asset. However, I have to add that Bitcoin is still accepted by a few merchants. These few vendors are the entities who uphold Bitcoin as a currency. Otherwise, Bitcoin would be purely an asset like gold.

Just to add, bitcoin may be considered as an asset due to the long-term investments of its price by taking advantage of its volatility but it is more than just an asset. To give you an example, bitcoin provides windows of opportunity to people who are either employed, unemployed, underemployed, and even students due to the campaign signatures preset around the forum. Another thing, on some wallets there is an option for you to pay your monthly obligations using bitcoin and this provides convenience to all people who utilize this option.

[aoluain]

Bitcoin is multi-faceted,

it provides a means for people to store their "wealth" or
part of it where traditionally precious metals were used
and still are for this purpose.

I is also used as a trading item, either to other currencies
FIAT and Crypto and also to purchase and sell goods
online and in some countries in physical shops, markets,
Restaurants etc.

Bitcoin is also seen by some as a "get rich quick" tool 

So yes it has many uses

[chip1994]

Yes. It's really an asset but still it can also be used as a currency. Many people are starting to use it as tool for paying goods, services and other things that they buy online. More and more companies are starting to accept bitcoin so it can really  be treated as money.

If call Bitcoin is an asset, I think it like stock than asset as Gold or Real Estate, because the volatility of Bitcoin very strong and make us surprise any time. Interesting point of Bitcoin is the price fluctuations and it not reasonable if call is an asset.

[subSTRATA]

For me also the status of bitcoin as a currency is controversial. How long you wait in-store transaction? And if you need to buy item in multiple shops then your shopping may take several days. How to do small purchases at such a price for the transaction?

that's assuming the current status of bitcoin (lots of queued transactions, high fees) persists. bitcoin is a experiment above all else imo, and we're just running into a big wall at the moment. if the kinks get worked out and we go back to 10 minute, low fee confirmations, we might start seeing some widespread adoption, even in small shopping outlets.

Yes. It's really an asset but still it can also be used as a currency. Many people are starting to use it as tool for paying goods, services and other things that they buy online. More and more companies are starting to accept bitcoin so it can really  be treated as money.

If call Bitcoin is an asset, I think it like stock than asset as Gold or Real Estate, because the volatility of Bitcoin very strong and make us surprise any time. Interesting point of Bitcoin is the price fluctuations and it not reasonable if call is an asset.

a highly liquidatable one at that, which isn't easy to find. I can turn my bitcoin into fiat at a moment's notice if I wanted to; something you can't really do with gold or silver.

[bitcoinmaniac52]

Bitcoin is not only an asset, but also a currency. IT depends though because some countries do not recognize it. But in general it is considered an asset as of 2017.

[skyline247]

Bitcoin is much more than an asset. It is a virtual/digital currency not just an item that contains value.

For example, your car is an asset but you cannot spend your car in a store. But you can spend Bitcoin which makes it money, a currency and not only an asset. Hope this makes sense for you.

[BitcoinSupremo]

Bitcoin just an asset ? All right let's call it like that for a moment although it is much more than that due to a lot of uses it can have. If we call it an asset it is the most expensive asset in the whole world, 3.5x the price of actual gold.

Bitcoin is money and the most perfect kind of money.

[Core.BUSTER]

Bitcoin is much more than asset. It very well works as a currency specially on online marketplace. If I start online business I doubt if I can take payment in any other kind of asset but in bitcoin.This qualifies bitcoin as a currency. Yeah I agree at present we can't make instant transaction with bitcoin as required in day to day life. But we would reach there too.

Well, I agree that bitcoin is much more than asset because it works as currency and you can use it in different kind of transaction like shopping on online market. In addition to that, I think bitcoin is the new currency or digital currency and its not just an asset that contain value. Lastly, I bitcoin is also a currency.

[adzino]

Bitcoin just an asset ? All right let's call it like that for a moment although it is much more than that due to a lot of uses it can have. If we call it an asset it is the most expensive asset in the whole world, 3.5x the price of actual gold.

Bitcoin is money and the most perfect kind of money.

Depends on how you actually think of it. I would say it is a form of "expensive" asset which also has a storage value. But you can't compare it with gold.
Bitcoin can also be considered as a money, well not now but maybe in the future. It's still on its infant stage, far away from being perfect.

[irmasany]

Some people say yes, some do not. For me bitcoin is a good fortune looking place to try.

[Tron Foundation]

I have read in the news that that like bitcoin as virtual currencies are assets and does not have the characteristics or what it takes to be a currency that could meet our modern economic needs. It was said that it does not have the fundamental attributes. What are your thoughts about it?

Let me make it totally clear here in my reply that I am not saying that bitcoin won't be a currency for everyday usage - I am not commenting on bitcoin becoming a currency one way or another.

What I am saying is that even if bitcoin "only" becomes a major asset (or more major than it already is) - then this is still a huge, huge, huge opportunity. If bitcoin "only" becomes digital gold then it has characteristics that make it superior to gold on different levels - such as a finite cap and the fact that bitcoin will eventually be mined at a slower rate than gold is discovered and mined.

And the ability to transfer faster and cheaper than wire transfers. Even in their slower periods of transferring, bitcoin is faster and less expensive than a wire.

So between a supply that increases at a decreasing rate until a cap is hit AND the ability to transfer that more effectively, we could see bitcoin being a great asset. Even if if only stays at that level.

If it hits mainstream, day-to-day currency status, then here we go.

[radjie]

Most people use bitcoin to be their investment asset, when in fact bitcoin is made by its creator named shatosi nakamoto for an alternative payment instrument in the form of digital money. But after seeing the development of bitcoin higher value, it causes bitcoin very well if used as an investment asset.