Is Bitcoin a currency or asset?

[yndye]

I use bitcoin as a currency now because I use it to pay my bills and other expenses but I still need to convert it to fiat to pay for those because they don't accept bitcoin as payment directly and they don't even know what it is so I have no choice but to convert it. A part of my bitcoin is an asset because I save it as a long term investment believing that its value would increase over time even if it has unstable price. Whether its a currency or an asset would depend on the person who use it.

[Pettuh4]

But so far, it seems that function of bitcoin as currency is no longer priority even tends to be very valuable asset, of course this happens because the value is very high today so that bitcoin slowly changed its function as currency.

Bitcoin hasn't changed its function but we the users have limited its usage in order to fit our lifestyle. I for instance don't have any plans of selling yet and so I'm holding my tokens for as long as I can and so to me it is an asset at the moment but when I decide to spend it will be my currency.

[Franzinatr]

In my country, it's still a currency available only in online trusted sites. I'm waiting to all people use bitcoin worldwide so if you short of your local currency, you can buy stuff using bitcoin, it's cool right?

[Chachacoin17]

But so far, it seems that function of bitcoin as currency is no longer priority even tends to be very valuable asset, of course this happens because the value is very high today so that bitcoin slowly changed its function as currency.

Well it depends on the user. If he use it to pay bills then it function as a currency. But nowadays, seeing the price trend of bitcoin going.skyrise, people see it as an opportunity to earn and get profit on it. People are holding their bitcoin now because based on speculation, price of bitcoin will continue to rise. In that way, bitcoin become an asset. So it can be both an asset and a currency.

[bitcoinmaniac52]

The answer depends on the legality of Bitcoin in whatever country you are referring.

In some countries it is not regulated, therefore labelled as an asset.

In countries where it is recognized, it would be considered a foreign or virtual currency.

[ramsdaj28]

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 

Regardless of what you've mentioned in you article (since I didn't read it), in my opinion, bitcoin is a currency and at the same time, an asset. Bitcoin was introduced to us (and known by most) as a currency (crptocurrency to be specific). We are using it to make different business transactions - buying goods and services, paying bills, topping up mobile phones, etc. If we are talking about the importance of bitcoin's value (which, today, is rising up), then we can consider bitcoin as an asset. This means that at this point of time, if you own a bitcoin (1 BTC), then you can consider it as an asset due to its high value.

[Fuhre]

Bitcoin is not stable yet, I think for now the bitcoin is just the currency, I do not know what will happen in the future, if bitcoin keeps going up maybe I will use it as an asset,

But for now I just think bitcoin is currency 
CMIIW

[Tubig]

For me currency and asset is same . bitcoin is asset becuase many people keep it for their future money and because of this value people use this to buy anything that they want like paying bills or buy a stuff  . bitcoin is currency becuase bitcoin give a profit to us .

Asset is something your giving importance and gives an equivalent value of a currency.  It was just like you're owning a land, the land is your asset if you sell the land it has the equivalent currency. It was the same in bitcoin, bitcoin  has a varying value just like the value of a land time takes it's price.

[YTBitcoin]

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.

According to me, it is an asset and a currency both at the same time. It has features of an asset as it can be converted in to local currency of one's country, then used for any purpose. Many companies accept bitcoins as a method of payment so it is currency in that sense. Volatility is found in both, asset and currency.

[jamirrah]

I think Bitcoin is an asset (intangible) which like other asset can appreciate or depreciate in value. It could also be a currency but no legal tender unless converted to cold cash. Anyways currency itself is also an asset because it is just measurement of money.

[Gameroid]

For me currency and asset is same . bitcoin is asset becuase many people keep it for their future money and because of this value people use this to buy anything that they want like paying bills or buy a stuff  . bitcoin is currency becuase bitcoin give a profit to us .

Asset is something your giving importance and gives an equivalent value of a currency.  It was just like you're owning a land, the land is your asset if you sell the land it has the equivalent currency. It was the same in bitcoin, bitcoin  has a varying value just like the value of a land time takes it's price.

yes that is right in fact bitcoin is a currency but we are using it as an assets, in fact we are investing bitcon in different places for making money, for example we are investing bitcoin in trading altcoin from where we have good chances to make money therefore we can consider bitcoin as am  important assets for use, just like other assets where we give more importance to them.

[basyang]

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 bitcoin as a currency and an asset is the same. Bitcoin as a currency because we can exchange it to fiat just like digital money to physical money. We can convert it to any currencies we have in the world. Bitcoin as an asset, Bitcoin is useful and valuable thing we have. For me its the same as long as we value bitcoin as money or as a thing we have its both the same.

[carlerha]

But so far, it seems that function of bitcoin as currency is no longer priority even tends to be very valuable asset, of course this happens because the value is very high today so that bitcoin slowly changed its function as currency.

but bitcoin is created on the name currency and specially for online purposes therefore we can say that bitcoin is a currency and people are using it as assets for making money through trading and investment.

[agk@Tlind.ru]

Is it correct that bitcoin is a digital value?

[logicgate]

Its an asset with future currency potential.   

let me correct you, it is a currency with future assets potential, because when you buy bitcoin you pay currency and you can also make dealing with then, so as you know you can’t make deals with the assets, only currency makes the deal. So in start it is currency because it have same price, but when you hold it for a long then it will turn to be growing asset which really going to make rich.

[Shofiqul]

I think it is a simple choice to know whether bitcoin is currency or a asset. In spite of the way that it was at first illustrated as a currency, with the difference and upsurge of bitcoin cost, most by far look at it as leeway. Which as a general rule is substantial about Bitcoin. So I get it is both asset and a currency. No convincing motivation to battle about that reality.

[rohn]

I can consider bitcoin as asset and currency. Currency because it is widely used around the world and it can be used for transaction and as method of payment for online purchases. And asset because it is very valuable. Considering its high market value makes it an asset because you earned it. You strive hard for you to have just like some luxurious things that we want and that pleases us.

[mast3rm1nd]

can someone give me a tl;dr difference between a currency and an asset? like what's the definition of an asset? and currency?

[jatin729]

I think in future it can be used as a currency and now days some of websites Accepts bitcoin as currency.

What is assets tho ?
When we have bought some goods than purchased goods is our assets.
Similarly when we buy bitcoin for any reasons than bought bitcoin is asset for us.

[giga_999]

definitely, it is an asset, but I believe it gonna be a currency soon when it is officially legalized