Is Bitcoin a currency or asset?

[ivrynx]

this is one of the pros of bitcoins, bitcoin is both, you can purchase from online using bitcoins, at the same time, bitcoins that are stored in your wallet is increasing in value. this is a trait that only cryptocurrencies have, for fiat money, they don't rely on anything it is not even backed up by gold, it is just a paper note, an i.o.u per se. in other words bitcoin has more value than the fiat we have, no wonder some people would like to use bitcoins payment for their songs, tthey know the value of.bitcoin and the future it will give us, having it now is an asset and still having it in the future will give you a fortune.

[entrepmind23]

There is no specific classification as to where the bitcoin belong whether its a currency or as an asset because it depends on how the owner will use it. He can consider it as a currency when he choose to use it for every day use like buying stuffs he need or pay the bills just like how fiat is use. When he use it as an asset, he will consider it is an investment wherein he will just accumulate his coin and will store it to increase in value for future use.

[lionheart89]

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 

With a very fluctuating bitcoin price maybe bitcoin is better used as an asset, just like gold. 

[timerland]

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 

I think that bitcoin is somewhat in between.

It is a much better currency than gold was because of its divisibility and transportability.

At the same time, it's got properties that fiat currencies do not have. for instance, many people are able to hold bitcoin as a long term hedge against inflation. This is something that an asset has. It's really a hybrid, in my opinion.

Remember, currencies fluctuate as well. It's not only assets that fluctuate over time.

[vikingchild]

It is a combination of the two - but until the Segwit Bitcoin has not really been all that practical if you ask me. As the confirmation times for sending Bitcoins have simply been too high, which required middle-men (organisations) that are interested in securing those transactions and paying merchants out immediately. Therefore it has primarily been a substitute to gold and other assets that can earn you a return.

[Manuj]

I am treating it as both. I am investing in it so it is some kind of asset in some sense. I am letting it grow. I am also spending some little amounts of BTC for some needs whenever necessary. So it is also being used as a currency. It can be both really.

[xypos]

In my opinion it is designed to be a currency that cannot be abused by governments. That is primarily what it is.

It is quite versatile, though. You can obviously be abele to use it as an investment.

But i think bitcoin as an investment is going to gradually wear down as time passes. As more people join, bitcoin won't be considered to be an investment because it is the primary currency that everyone uses. Rather, it'll just be a really convenient way to pay for things. Of course the price does fluctuate, but this again will diminish as more and more merchants start accepting btc.

[tyuner4]

To me, Bitcoin is both an asset and currency. We can use Bitcoin for spending (currency) and investing (assets). I don't usually spend Bitcoin, so it is more to an asset to me.

[megynacuna]

To me, Bitcoin is both an asset and currency. We can use Bitcoin for spending (currency) and investing (assets). I don't usually spend Bitcoin, so it is more to an asset to me.

That's true, it's usage depends on any individual and what you might consider doing with it will determine whether it's an asset to you or a currency. Since I don't have any intentions of selling mine right now I think it's an asset to me.

[ss890]

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.

Yeah it doesn't really matter in which form the bitcoin is, as the end output is nothing but the "work done". It is very simple to use, you can have it as currency when you are buying goods and services. You can have it as asset when you want to make fortune and you trade it for the real money or other coins. Everyone does that and I believe bitcoin can not be considered in one form only. Like the local currency or fiat for instance, it is pure currency and its not asset, because it is not traded like bitcoin or commodity. That makes real sense why bitcoin is both at the same time.

[illyiller]

To me, Bitcoin is both an asset and currency. We can use Bitcoin for spending (currency) and investing (assets). I don't usually spend Bitcoin, so it is more to an asset to me.

I don't think the fact that bitcoins are "spendable" makes them a currency. To be a currency, they would have to be widely acceptable as money. BTC is still very niche, though, and the few merchants that do accept it just instantly dump for fiat money through Coinbase or Bitpay.

Due to the limited supply and decentralized nature of BTC, I like to think of it as a commodity. In reality, it is a new asset class with different properties than anything that came before it.

[Farma]

I see bitcoin as one currency rather than an asset. Well, I think that it is money created for transactions on the internet, to be faster. But everyone has a different opinion on this.

[Rishabh riyz]

my personal veiws are that bitcoins now is a currency which has a decentralised nature . it has many advanatages that are profitable to the users.
they are widely accepted across the globe many traders . Big companies like microsoft , dell and sites like steam , farmskins etc:- are accepting them ,
we are not far way from bitcoins be accepted as global digital currency by all the countries in this world. peopel also use bitcoins to buy in app purchase products like skins in cs go and dota, for them bitcoin is a currency .
 
according to my personal veiw bitcoins where assets when the price where around $500 to $1200 . now only people with real money can buy 1BTC and the rest would just save it in wallets and wait for the prices to go up .

[michellee]

I think bitcoin is a currency on internet and also an asset for me because bitcoin can give some benefits for me which is I can save it for a long term. bitcoin as a currency will be used to exchange from crypto currency into fiat and as an asset, it will work like investment for every people so bitcoin is both currency and asset.

[Cryptopher]

Right now I still view Bitcoin as an asset, especially as there are so many bag holders.

[Mandoy]

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 

With a very fluctuating bitcoin price maybe bitcoin is better used as an asset, just like gold. 

Bitcoin may be very volatile and is considered an asset but let us not set aside the reality that it has a value and can be used to purchase things online and offline. Bitcoin is both an asset and a currency and we cannot separate those two features from bitcoin. Bitcoin is both because he is an half-assed currency and asset. He is not yet full pledged, in order for bitcoin to be a full pledged currency it must replace fiat currency and for it to be considered a full pledged asset its currency features must be left behind.

[bitcoinVPSD]

I think the currency and property are the same. Bitcoin is an asset. Looking at the future I think people can sell bitcoin to buy food and other stuff .. so bitcoin is also considered an asset .. and now bitcoin is considered a very valuable currency. It attracts a lot of investors into it. This is also a very good opportunity to make money on the internet right now .. I think so.

[Lamisa asfiya]

I think bitcoin is currency and assets both.bitcoin is assets like gold and it is store value. Besides, bitcoin is also currency.Because people can easily transferring this without any third parties.(like banks)...

[BarbieCasino]

Right now I still view Bitcoin as an asset, especially as there are so many bag holders.

Well I appreciate your opinion but for me bitcoin is a kinda currency because through bitcoin we can easily buy things we want and we can pay our bills through it but for the investors bitcoin is an asset because an asset is a thing that has a high value just like gold or a land but holding bitcoin can convert bitcoin from a kind of currency to the asset because it can make it more valuable but spending of bitcoin makes it as currency.

[Cranidos]

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 

Originally, Bitcoin is intended to be a digital currency which is based on Satoshi's Bitcoin Whitepaper. Bitcoin possesses some characteristics of a money or currency such as a store of value, a mode of payment, etc. However, due to its decentralization, the value becomes very volatile. The price is dependent on the demand and supply in the market so no one can control this. In the aspect of currency, being too volatile is not suitable as an effective and efficient currency. As a result, BTC is behaving more like an asset than a currency.