Is Bitcoin a currency or asset?

[Dudeperfect]

I think every government would come up with unique argument and we might find Bitcoin classified as a currency in some countries, asset/commodity in some countries or even computer software in some countries so if by chance government plans to put the tax (which is practically impossible to implement on Bitcoin transactions), it would be very complicated scenario for us (the Bitcoin users). There are several aspects of it like in my country computer software is depreciated at a rate of 50% per year which makes the value 0 in just 2 years whereas Bitcoin is something that has more chances of appreciation. There are many such aspects which make the classification more complicated.

[bravehearth0319]

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

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

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

Suggestions and comments appreciated 

Bitcoin is currency also called an assets for me too. For a couple of months, we heard about the news that Japan made a decision to make bitcoin as there legal currency, Follows by China do the same thing to make bitcoin legalize as their currency too and now soon to be the country of India if I am not mistaken are planning to make bitcoin as their legal currency also.

[Tungsten-1]

Bitcoin can be seen as a currency and also as an asset. currency is always use as a medium of exchange, from all indication bitcoin is serving this purpose in cyberspace. Bitcoin is an asset because it has value, it can generate income,  it can serve  as investment if someone  really to have patience and bear the risk if it happen that the price falls.

I can’t properly understand but one think to me I say with my knowledge is that bitcoin is always currency, and the thing is if we have savings then it became our assets, so as we all know that savings are currency, and when we invest our savings in the bitcoin, then bitcoin is our assets and it is currency, but a type of currency which increase himself while rest in the wallet.

[Mike Mayor]

I use Bitcoin as a currency and an asset. I spend it when the price is good and I buy more when the price drops. It works just fine. If I feel the price will drop and I need fiat I simply exchange some Bitcoin for fiat and use that in the meanwhile till Bitcoin is up again. I don't use bitcoin debt cards because the fees will add up quickly. I prefer ordering in ksrge quantity so the fee is small compared to what you oaying rather then lots of smaller transactions.

[darkywis]

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

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

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

Suggestions and comments appreciated 

For me, its both asset and currency. Currency in a way that we use it in buying the thing we want and an asset that will provide future benefit.

[jetpack]

Its an asset with future currency potential.   

[Casy]

I see bitcoin more as a currency than an asset.
The volatility is a property that was at the (early) beginning of EVERY established currency.
It has to build up trust and a user-base, but that is what we see happening to bitcoin at the moment.

[ashfer]

I consider bitcoin as both currency as well as an asset as there is future scope for the price to rise ,it can be exchanged for purchasing purpose aswell.

[Ayiranorea]

Bitcoin can be seen as a currency and also as an asset. currency is always use as a medium of exchange, from all indication bitcoin is serving this purpose in cyberspace. Bitcoin is an asset because it has value, it can generate income,  it can serve  as investment if someone  really to have patience and bear the risk if it happen that the price falls.

I can’t properly understand but one think to me I say with my knowledge is that bitcoin is always currency, and the thing is if we have savings then it became our assets, so as we all know that savings are currency, and when we invest our savings in the bitcoin, then bitcoin is our assets and it is currency, but a type of currency which increase himself while rest in the wallet.

People think depending on their own interest. Based on the usage people give importance as a currency or as a asset which has got only the digital form. After Japan's legalized acceptance bitcoin has been gaining more popularity and expect more countries to adopt bitcoin by the upcoming years.

[hangar18]

Bitcoin can be seen as a currency and also as an asset. currency is always use as a medium of exchange, from all indication bitcoin is serving this purpose in cyberspace. Bitcoin is an asset because it has value, it can generate income,  it can serve  as investment if someone  really to have patience and bear the risk if it happen that the price falls.

I can’t properly understand but one think to me I say with my knowledge is that bitcoin is always currency, and the thing is if we have savings then it became our assets, so as we all know that savings are currency, and when we invest our savings in the bitcoin, then bitcoin is our assets and it is currency, but a type of currency which increase himself while rest in the wallet.

People think depending on their own interest. Based on the usage people give importance as a currency or as a asset which has got only the digital form. After Japan's legalized acceptance bitcoin has been gaining more popularity and expect more countries to adopt bitcoin by the upcoming years.

Japan, Australia, Korea, India are the first countries accept Bitcoin like new payment gate and apply it to their system payment. Although, Bitcoin still don't famous in their country, but they believe after one year when the price of Bitcoin reach to high value, automatic a huge number people will want buy it soon.

[sarul]

Currency or asset it's depends on how a person want to use it. Sometime bitcoin is a good asset for long/short term and currently bitcoin has been accepted as a virtual payment. People use it to buy stuff/something while online. Everything goes back to each other how to use it.

[Tyrantt]

As I've stated before, bitcoin will have hard time being a found currency nowdays with people mostly holding it with small or without any thoughts of spending it, and with people mostly buying and trying to gather as much btc as they can that, kind of, makes it more of an investment asset.

And i don't see that changing anytime soon because i read here mostly tjat people are encpuraging pfher to buy amd hold them flr the longer time until the price jumps amd that will be going on for some time until bitcoin is impelemented for more than it is now, they it may be used as a currency but right now try to profit of of it as much as you can and hodl.

[dodgrad]

BitCoin is the currency of the future

[VeeraS]

I do not think that bitcoin is an asset, but obviously bitcoin is one multi-use virtual currency, we can easily make transactions using bitcoin only. I think this will be the currency in the most interest in the digital world.

[2tang]

I do not think that bitcoin is an asset, but obviously bitcoin is one multi-use virtual currency, we can easily make transactions using bitcoin only. I think this will be the currency in the most interest in the digital world.

Both functions are strongly embedded in bitcoin, bitcoin capable of acting as massive exchange medium and also serves as a very promising virtual asset, we can see very strong bitcoin price fluctuations so traders can generate profits in just one day, this is very unusual and destroying all existing hyip patterns, bitcoin assets are so thick with price increases that all users are very confident of buying and storing them in large quantities.

[Denies]

Bitcoin is a virtual currency that is phenomenal, but I think it is wrong if someone mentions an asset. I agree more with the future of digital currency, because I'm sure bitcoin will be bigger and growing for payment instruments in the digital world.

[Skieleton]

Bitcoin's stability since 2011 against various asset classes. As we can see, Bitcoin is moving in the right direction, who knows .. with such pace in a few years will be the most stable asset and therefore the most preferred place to invest. We can conclude from this that it is one of the factors by which the price of Bitcoin will continue to increase - for the moment it is difficult to even imagine another peak as soon as we break through the $ 5,000 barrier.

[dongosquad]

In my opinion, bitcoin can act as both a currency and an asset, depending on the needs of its users. Today, technological advances require everything to be fast-paced, unlimited time and place of payment related.

[kucritt]

Bitcoin for me is an asset, because you can save some money into bitcoin and sell it in the future (investments)
But bitcoin is a currency too, i think bitcoin will popular in thr future, every merchant use bitcoin for the payment in the futurr
Brcause bitcoin is anonymusly, directed and low fee

[bololord]

For me bitcoin is currency becuase people use bitcoin to buy  anything that they want like gadgets or paying bills or financial needs . and i think for me bitcoin is also a asset becuase if you earn a lot of bitcoin in the future  you can sell bitcoin to high amount. Becuase bitcoin is volatile.