Bitcoin just an asset ?

[Bambinoe]

Yea its more than asset. It is also a digital currency. But for me i prefer it more as an asset because its value appreciates considerably over time.

[dharnamonitor]

It depends on the people whether they used it as an asset or not. You hold your own bitcoins and it is your right to use it in your own way.
Some used it as a means of payment (think about japan) and some are using it to trade.

[Kokoy]

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?

I beg to disagree with that statement that underestimates bitcoin's capacity and capability to be a currency and just merely treated to be just only an asset which is intended to be used for a long term basis such as investment purposes. But it is not. Actually if you will observe and see it clearly, bitcoin if compared to natural currencies or real money do share the same characteristics but what matter or the difference is bitcoin can be access easily and also have a large capacity for growing.

[desklamp]

It is also a currency. Other haters are making bitcoin hard time to be accepted as currency. There are companies that are willing to make bitcoin a payment method. So it is both asset and a currency. But I prefer to make it an asset since its price increases over time.

[Palider]

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?

Most bitcoin user considers bitcoin as currency more than they treat it as an asset. I have no objection to those people because they are using bitcoin for transactions that can substitute purposes involving real money. However, we should not expect much for it to become a currency that normal people use for ordinary transactions, because bitcoin doesn't have a stable value.

[malvinlee]

Bitcoin is not asset only but bitcoin is.really a value currency and can give us a big money

[Saftention]

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?

whitepaper  say it is currency but fee make it logical to use it in high payment only

it is investment more than assets

[danielnamit]

Although bitcoin is just an asset, it can also be a currency for others since other country's are using bitcoin as payment for a product or services. Here in the Philippines, bitcoin is not yet stabilized hence, it is not yet legal here. But I think as time passes by, we can also use bitcoin as second currency that we can use in payments.

[TeraBitHoven]

It is also a currency but mostly considered an asset. Still few transactions accepts bitcoin as a currency. It cost high transaction fees and it is volatile unlike the real world currency

[LordDisick]

For me its both asset and a currency because aside from keeping and holding my bitcoins i also sell it occasionally if its really needed. Bitcoin is purely an asset for those people who invested big and doesn't need to sell them. I hope someday im that rich so that i won't need to sell some of my coins durig emergency.

[MeongElek]

Bitcoin can be used as a transaction tool, it's just digital. I think it's the same as an asset. And some see bitcoin in terms of investment.

[19faraon88]

Yes of course, bitcoin is an asset because bitcoin is an investment. And investment is an asset.

[Epimetheus]

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?

Personally, with the hike in Bitcoin's current value and its postion in the market capital, I would call Bitcoin much more than an asset which has the potential to be a currency. It allows for the creation of secure and transparent transactions, therefore proving adept at transmitting value. Yet, its volatile nature stops it from being a currency. As Bitcoin’s market cap grows larger, volatility should gradually be dampened. Likewise, as consumers grow more confident in spending their Bitcoin on ordinary transactions, the market should stabilize as well. So in the future, Bitcoin has the potential to become a mainstream currency.

[chimcoin]

And in my opinion,i think Bitcoin is both asset and currency.Firstly,an asset asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit. Most people keep Bitcoin (ie assets) to make profit when price pump up.

A currency is something that is used as a medium of exchange and is widely accepted and circulated. Similarly,Bitcoin is a form of digital currency, created and held electronically,or simply put,Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or administrator. Bitcoin is also used similarly for payment of goods and services.

[Phil419She]

In my experience I could only tell that bitcoin is just an asset.  Its crazy if you would really use it to buy in transactions.  Aside from being too volatile,  its transaction speed is too slow.  Ive heard UBER will accept btc as payment I dont really. if its true,  but imagine paying bitcoin in a taxi,  and then wait for confirmation before you can go.

[yusupjatigumilar]

I agree more with that, bitcoin is enough to be a digital asset just do not become a currency, because if bitcoin becomes currency, many countries will experience economic crisis, because their country's currency is replaced with bitcoin, but it would be more profitable if bitcoin remains digital assets because it is the same as gold or other commodities, if we invest now at a certain price then after some time it is not impossible we can get profit several times.

[mensha]

Bitcoin or criptocurrency is not just an asset rather it is kind of an investment asset which value depends on various other factors like crypto market forces (demand and supply for a coin), views and predictions of analysts and actions of big whales etc.

[Sithara007]

Now we have to admit that Bitcoin has become an investment asset, despite the fact that Satoshi wanted it to behave like a currency. A currency needs two very important characteristics - it's value should be stable, and there should be ease of doing transactions. With Bitcoin, the prices are very volatile and the ease of doing transaction is not there due to high fees.

[muratsink]

I agree more with that, bitcoin is enough to be a digital asset just do not become a currency, because if bitcoin becomes currency, many countries will experience economic crisis, because their country's currency is replaced with bitcoin, but it would be more profitable if bitcoin remains digital assets because it is the same as gold or other commodities, if we invest now at a certain price then after some time it is not impossible we can get profit several times.

exactly, it would not be possible also bitcoin can be the currency of a country, because the difference in the currency value of each country is different, bitcoin is better just as an investment asset for the demand, this is the best

[gourish]

Bitcoin, as any other short-term currencies, is an Asset. More specifically Balance Sheet-speaking, it is a short-term Current Asset.