Is Bitcoin Really A Currency or An Asset?

[Sehorn 777]

it is a Currency because you can earn it   save it and use it  to sell any thing like clothes food ..............


what make it famous is global and security

[bdog1234]

I love bitcoin I mine it and buy it to save but it is pretty useless as a currency. I keep a couple hundred bucks in a blockchain wallet on my phone thinking I will find somewhere to spend it. I look everywhere I go and have found no one that accepts it. I have only used bitcoin to buy things twice and both were online once for a trezor at cryptohardware and the other at newegg.

It would be awesome if I could spend it anywhere but very few places to do so.

[Rishabh riyz]

Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?

This is fact That bitcoins are both a currency and an asset ,
But it also varies from person to person.
People who buy bitcoins and store it safe in wallets use bitcons as an asset that would give them benefit in future
People who earn bitcoins or buy them from somewhere can also use it like a currency to buy stuffs like games on steam or ingame purchases like skins and all.
So we can see that people can use it like an asset and a currency too.

[StockBet.com]

Bitcoin isn't much of a currency (yet), because very few people use it to buy stuff.

It's mainly a store of value and competes mainly against gold.

[jilani]

I don't know how to treat Bitcoin another people.But i personally treat Bitcoin is a asset because i hold BTC for long time and i think at future its safe or secure my life.I always depand BTC.

[JimmieA]

Why do you think btc must be a currency that can not be an asset? A concrete example of this. The dollar is the strongest currency in the world's monetary system and the main trading tool in monetary issues. But treating dollar as an asset is a very normal thing, such reserves do not have any affect whatsoever. btc too, there are many ways to make btc more popular and stocking btc or treating btc as an asset does not have any affect on that.

[haroldtee]

Both anyway. But presently it is more of an asset than a currency. Most people now see bitcoin as more of a store of value and would prefer holding it for a long time than spending. However, that does not stop anyone who wants to spend from doing so.

[seattletu]

Bitcoin can function admirably as an asset. Likewise, it can be put away safely and economically. In addition, cool wallets are the most ideal approach to store your Bitcoin securely. Bitcoin is likewise effortlessly traded in different exchanges like the Coinbase.

As a store of huge worth, Bitcoin is significantly more fundamental and secure than other certifiable assets. For example, the land is a store of huge worth, yet all property requires support and dealing with to make the return. For sure, even empty land requires some progressing costs, with property taxes and lawful prerequisites.

[Rinaze]

I think when BTC goes mainstream then it would officially be considered as a currency, else Bitcoin will probably stay as an asset (defined by Forbes as well) when most people are still speculating the potential or investing in the coin.

[vintages]

Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?

I believe it's both ( a cryptocurrency and an asset also).
 Reason, is because, now almost ever business and country are now accepting it and storing it also can make you a lot in the coming future.

[syaripudin]

Bitcoin is a crypto currency that can be made anything we want. I think it's incredible bitcoin like a crypto technology system that has become a complete package that has extraordinary prowess. if you say that people prefer to save other than spend it is totally wrong. now many people are making bitcoin as a livelihood to meet the needs of its economy. so on this basis I can say that of course many people who do sale and purchase transactions using bitcoin. in addition there are still many people who make bitcoin as a long-term investment assets. because of course bitcoin has a very high value so I think bitcoin has become one package where one can use bitcoin as a transaction tool like fiat in general. can also be saved as an asset in the future.

[Lmaooo]

Bitcoin is both currency and an asset as well. It depends on how you use it as currency or an asset. Bitcoin can be used to buy things as currency and at the same time you can hold your bitcoins as an asset for long time and make profits for doing so like gold.

[Core.BUSTER]

Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?

I think the answer is both and I think it will depend to people who have how they will use it. In addition to that, as of now you can say that bitcoin is a currency because you can use it in different kind of transaction but somehow you can also say it is an asset. Lastly, I do believe that bitcoin is a currency and an asset.

[MetalGear]

I think its currently being used as both an currency and as an asset
but I have read here that it is becoming more and more used as a store
of wealth which was/is the territory of Gold and other precious metals

Well, I guess bitcoin is a currency and some people say that bitcoin is the new curreny and I agree to that. In addition to that, as of now you can see bitcoin is a currency because some people use it in different transaction like paying bill, shopping on online market and etc. I do believe that bitcoin will become our future currency.

[batang_bitcoin]

Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?

Yes we can really say that bitcoin is a currency. There are a lot of services here in forum that pays you bitcoin(currency). And it is its usage as a currency and as an asset because most of us just want to hold for better. It doesnt matter on how an individual will use it, its just the same.

[leonair]

Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?

I think to what is happening right now with Bitcoin is that you can really treat it as an asset and currency at the same time, it just happen that it is on demand right now that is resulting to a high volatility and for some traders they take advantage of it to make a profit while other people just use it as a currency to spend and buy something with it.

[VeeraS]

bitcoin is the virtual currency that many provide for the user or the holder of the investment.
arguably a future asset in the hope that value is getting higher.
there are also some people looking for profit day by day.
disturbed in the individual itself.
I think so.

[valucash]

Read this article this morning.

http://www.telegraph.co.uk/property/buy/bra-tycoon-michelle-mone-selling-192m-dubai-apartments-bitcoin/?WT.mc_id=tmgoff_fb_tmg

That is a large sale via bit[Suspicious link removed]d publicity for btc. Perhaps other altcoins will follow soon.

Great article! very smart move, they stand a chance of really making great profit if bitcoin continues to swing upward as fait currency cannot match bitcoin's rise in value.

[ynatopak14]

when we say it is currency it has a value in exchange of money and different kinds of money..
we it is you can pay something with bitcoin and you can invest too ..

assets!! it is too .. you can have it as an asset because it has value and like others its value is rising and pumping so nice ...
many bitcoiner has it before like 1btc= 1$ but look now how much it is for a signle BTC for how many USDS now

[Darknight31]

It is designed to be a currency and asset like gold at the same time. But as we see we can hardly buy something using bitcoin. Now it is something like a "geek currency" and used by most part of the community as an asset for investments or speculations.

I consider bitcoin as a asset because i think it is really like an asset, even if you have or haven't invested capital onto bitcoin. And i also consider it as a currency, but a digital currency because it is a currency operating in the digital world. Now that it is really being used by many people it continues to improve and grow.