Is Bitcoin a currency or asset?

[justdimin]

Technically speaking, bitcoin is a currency. It is a decentralized digital currency. But when we speak of its value, I can also say that it is an asset because of how its price appreciate overtime.

It really is a currency for it holds a lot of different currencies itself however, it can be also called asset at the same time due to its significance of the ownership of investor's property within a particular establishment regardless of the price that it has. Though it has an unpredictable status that may drop its value at times but then we always make sure that we meet the value onwards through using other coins or the rest of the bitcoin for trading or holding.

Currency or money is a way to buy things so yes in hat way bitcoin is a money and it is just in digital form. Due to this, it is easy to use than fiat but there is one little problem that its not mainstream yet. However, things are going to change in the future and by watching the present progress, we can say it with certainity. Its also called as a digital asset because of the volatility and profits it gives but for me it is a currency that grows up continuously.

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[bpc78]

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 an asset which has value and can be use in trading ansd in investment. Bitcoin is not yet a currency because there are many countries who are still not familiar with bitcoin.

[Mr_odd]

I think it is store of value like gold and at the same time currency, similar to fiat money.
This makes bitcoin superior than both of them as well.

I agree entirely. This is how i see bitcoin in the world market and i think that in time it will be the case

[zeingrind777]

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 

Same as with GOLD. As an investment asset, you can not come to a store with your gold bullion, there will be this process at a considerable cost if you want to pay for a product or service using gold bullion. This seems to apply to Bitcoin.

[sparveenat]

Bitcoin is not a currency nor asset it is a crypto currency

But if you own the Bitcoin with your surplus money and you hold it can be a big asset for you as if you see the performance of its past and current rate

[w5pn73]

Bitcoin is a digital currency, and an asset generally speaking. You would need to claim it on your taxes as an asset, that is for sure. And some countries have not recognized it as a currency, but it really is.

If it's a currency, then it for sure is a very expensive currency with expensive and slow micro transactions ,

[neowebwallet]

According To Forbes

Bitcoin Is An Asset, Not A Currency

Over the past year and a half Bitcoin has been on a spectacular run, rising in value 140% in 2016 and now an additional 49% in just the past month. This surge in value has invigorated Bitcoin backers convinced this boost in value makes Bitcoin a more credible currency, that it is a sign of the cryptocurrency’s strength. Yet the wild swings, both up and down, in the value of Bitcoin do not make it a more plausible substitute currency; they make it a speculative asset, a get-rich-quick scheme.

Is Bitcoin the currency of the future? No
There are 2 big problems with bitcoin as a currency: its value is unstable & its transaction processing is too slow.

buy bitcoin online

[ethereumhunter]

According To Forbes

Bitcoin Is An Asset, Not A Currency

Over the past year and a half Bitcoin has been on a spectacular run, rising in value 140% in 2016 and now an additional 49% in just the past month. This surge in value has invigorated Bitcoin backers convinced this boost in value makes Bitcoin a more credible currency, that it is a sign of the cryptocurrency’s strength. Yet the wild swings, both up and down, in the value of Bitcoin do not make it a more plausible substitute currency; they make it a speculative asset, a get-rich-quick scheme.

Is Bitcoin the currency of the future? No
There are 2 big problems with bitcoin as a currency: its value is unstable & its transaction processing is too slow.

buy bitcoin online

maybe now bitcoin is not a currency and it is an asset but i think bitcoin can be a currency in internet because bitcoin is available with the internet connection. i think that in future, the bitcoin price might be stable so bitcoin will be an asset and a currency in the same time but to make bitcoin like a currency, there is more things that we should do than just stabilize the price and the processing of the transaction.

[franco123]

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 get your point and I commend your research and analysis as well. However, in my opinion, Bitcoin is actually both a currency and an asset.

1) Bitcoin as a currency - Bitcoin is classified as a cryptocurrency because it is actually is a currency with its own rates that changes from time to time. And also, it's price is being compared with the fiat currency and can be exchanged like forex.

2) Bitcoin as an asset - Because as an asset, Bitcoin generates income and is part of the net worth of the individual. And also, as a currency and like.other currency, your money in any form of currency is considered as your asset as well.

[arbelian]

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 a currency, digital in particular. Right bitcoin prices is too volatile that no one can predict how it will flactuate the market.

[milandres0207]

i think it's both, because yes, we all know that bitcoin is a kind of digital currency, but if you convert it to your local money and the value is high or you have a big amount of bitcoin we say that it is also an asset. because asset is something with value and can use or purchase like bitcoin can did.

[iyan33]

bitcoin is a digital currency that works like a real currency may only use different, but for now bitcoin is more likely to be made as an asset because of its high value so that many of the users who use bitcoin for business purposes because of course very profitable for all users .

[mukeymon]

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 both currency and assetasset of each person . You use the money to buy bitcoin. Then you use bitcoin to exchange and buy. But you can also store it in the future and it's profitable for you

[Jgatsby]

Since Bitcoin is Decentralized, most countries don't have a rules about it but some countries Developed a Bitcoin Taxation, but it differs depending on you jurisdiction. The European Union consider BTC as a currency, in United States of America and Australia they consider it as a property or an asset, and in Japan it is asset-like value. So in the end it depends where you live, just to be aware try researching about the rules implemented/developed in your country.

[jennywhzz]

It is legally a commodity, Florida court determined it during the Cryptsy case. This met whatever terms the courts desired for the case to proceed as they desired. It is fully documented, but is a 80 page read. This falls tax-wise more toward an asset.
The Bitcoin is a currency but right now most people  use it as a commodity.

[DimaS1574]

it depends on your attitude to bitcoin and how do use bitcoin, for me bitcoin is an asset, because I use  my bitcoins to increase my budget

[Zenithar]

It is legally a commodity, Florida court determined it during the Cryptsy case. This met whatever terms the courts desired for the case to proceed as they desired. It is fully documented, but is a 80 page read. This falls tax-wise more toward an asset.
The Bitcoin is a currency but right now most people  use it as a commodity.

Bitcoin is both, currency and asset, because anyone can use bitcoin anywhere in the world and purchase his needs from any country. It means that bitcoin is a digital currency. On the other hand people have earned and are earning lots of profit while investing in bitcoin. It means that bitcoin is an asset. Your business is your asset and bitcoin is a digital currency business. Therefore it is also an asset.

[TTITA]

it become asset in public speaking
but truly, it is currency for commodity market as well

[jonval21]

for now bitcoin is an asset but in the future bitcoin will be a currency, for that we need low fees to allow micropayments
lets wait for that in the future.

[0t3p0t]

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 and fiat money are a form of assets but has different purpose of existence because Bitcoin is a decentralized asset whereas fiat money is a centralized one. As a smart individual we need them both, Bitcoin as good form of investment and fiat money to be used for our daily lives. Bitcoin can only be used for larger transactions and it is not recommended for lower levels of transactions like buying candies or anything that is under $4 because fees maybe higher than that in the future but if that issue can be resolved, the better. The only issue with fiat money is the tax we need to pay for each time we pay or buy services and goods. Therefore, having both assets will be nice in any different angles.