Bitcoin is an asset or currency.

[Pettuh4]

Bitcoin created to be currency but bitcoin now is also good asset due to the increasing price of it. There is no problem whether bitcoin is considered as currency or asset, Bitcoin is a medium of exchange that better than the current currency that we use for daily life.

Like gold, bitcoin now is also a reserved asset as these two are can be mined and both are hard to mined. But nowadays, bitcoin is use more in currency for spending and paying bills and as investment that's why it's so versatile for our everyday usage and bitcoin now are catching the interest of many.

Well it actually depends on each individual and what he wants with bitcoin, i prefer to keep majority of what i own for the future whereas i have a few that riotates around in my online wallets for my gambling needs and other petty purchases.

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[Catch-22]

It's an asset for me, a form of investment.  For me it will become a currency when I can use it to buy goods and commodities which is not the case for now.

[satish37]

None of them not asset nor currency , Bitcoin is a form of digital currency, created and held electronically. No one controls it.  Conventional currency has been based on gold or silver,
Bitcoin is based on mathematics. Bitcoins are ‘mined’, (using computing power in a distributed network). Bitcoin is just Bitcoin

[Brigalabdis]

i think bitcoin is assets and also currency because you can buy or sell it.  bitcoin is like a gold that every year or month the value is still rise.

gold is a fiat before but now it is assets.

[Colt81]

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

As of now you can used it as currency and asset. However, I prefer to used it as currency where I can exchange it in some stuffs and I can also used it as payment in some bills and on online stores. Lastly, bitcoin is a good investment for long term and its because of the price.

[tikaka]

I think bitcoin is also considered an asset and is equivalent to gold. A coin can make a lot of money. It also views bitcoin as a currency and can be used for payment.

[jake zyrus]

It's still a currency. An asset generates money without any other investment. Although that could be provided by the increase of bitcoin I don't think it passively earns you more. So it's an investment rather than a asset

Bitcoin is currency and asset for me. The money I earn in bitcoin you can buy a property like house and lot, a car or even a jewelry. Currency and asset are partner, how can you buy , if you dont have money. Bitcoin helps you to earn money, the money you can buy anything to make you an asset.

[Victorycoin]

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

It's simply both.

Bitcoin is attractive as an asset to hold because of it's scarce nature. Bitcoin is also attractive as a currency because it's borderless, permissionless, and pretty fast and cheap (except when Roger Ver/Bitmain are spamming it).

So for some use cases like buying a VPN, bitcoin is the best currency.

Could not have been said any better! To add to that, the reason Bitcoin is used less for goods and services is because the technology is still evolving but as its awareness and adoption is fast on the increase, we can be rest assured that Bitcoin's roles as store of value and as a currency would come to the fore. Bitcoin can no longer be ignored by anyone or any institution that have a stake in tomorrow and with more governments coming to the realization, that instead of a ban, legalization would serve them better, the ground would become accommodating for more companies and merchants accepting Bitcoin to spring up.

[cheesyspoils]

For me bitcoin is an asset as it is something that you have invested in and work over through long periods of time. So bitcoin is an asset and that's the way it should be. Hoping the best from bitcoin in the near future.

[ruthbabe]

I think Bitcoin is an asset, a digital asset for that matter, and also digital currency because it's being utilized as a digital payment system. However, others don't regard Bitcoin a currency because they say its value is unstable.

[Baby Dragon]

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

Bitcoin is made as a currency- to use it with online transactions, originally. Its anonymity have made bitcoin got popular and in demand in the online communities. But also due to this demand, its price gets high through the past years. Right now, bitcoin is a very good asset for investment and online business. It is both a currency and an asset and we should use it as efficiently as possible.

[ajochems]

Bitcoin created to be currency but bitcoin now is also good asset due to the increasing price of it. There is no problem whether bitcoin is considered as currency or asset, Bitcoin is a medium of exchange that better than the current currency that we use for daily life.

Yes.If you want to inverse means, you can choose the bitcoin as an asset and if you want to spend some dollar for daily needs, you can convert it to FIAT and use it as normal Currency. So, Bitcoin is act as both currency and a asset .Like a gold you can use bitcoin as an asset.

[CODE200]

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

It's simply both.

Bitcoin is attractive as an asset to hold because of it's scarce nature. Bitcoin is also attractive as a currency because it's borderless, permissionless, and pretty fast and cheap (except when Roger Ver/Bitmain are spamming it).

So for some use cases like buying a VPN, bitcoin is the best currency.

I also se bitcoin as both currency and an asset for investments and in business. Because it could serve as a new form of transaction that could imply faster and reliable way of transaction for people who want to have a better way of transaction at the same time to earn and to have profit in the future , for investments and business.

[Gotottack]

I think it is more of an asset because it has not passed a certain regulation for it to qualify as a currency. Currency, for me, is a term used to denote a sovereign's legal tender. By that, it means 'legal'. We all know that Bitcoin is not illegal per se but it is not encouraged either. Its status is afloat up to this time hence to invest on it is twice (or even more) the risk than any other forms of investments.

[npredtorch]

I think Bitcoin is an asset, a digital asset for that matter, and also digital currency because it's being utilized as a digital payment system. However, others don't regard Bitcoin a currency because they say its value is unstable.

Price stability doesn't concern much of its category to being a currency. Whether other people don't think it that way, they can't change the fact that bitcoin is a real currency, a system of money in another term.
Growing marketplace for bitcoin is one of many keys that explain everything. Days are passing and one by one, stores accepting btc increases which demand into more successful transactions.

[Qunenin]

Bitcoin created to be currency but bitcoin now is also good asset due to the increasing price of it. There is no problem whether bitcoin is considered as currency or asset, Bitcoin is a medium of exchange that better than the current currency that we use for daily life.

Does it matter if bitcoin was a assets or a currency?  No it does not. In theory , bitcoin is currency but these days practically people are using it as an asset, a very valuable asset.
The thing which is far more important is how much one holds the bitcoins, the more you have the amount of bitcoins, the more happy you are seeing the price rise of bitcoins.

[Meycell]

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

in my opinion both. sometimes people use to investation or asset and ussually use cryptocurrency like payment in the store, mall and market
bitcoin just not about simple things but it complete

[Black Angel]

Can be said the owners of bitcoin will make a very valuable asset, of course this is because bitcoin has proven profitable over the past few years so it becomes an important asset for most users.

[prehisto]

Both but i would agree more with statement that it is a asset since there are a lot more promising cryptos for currency purposes. Because BTC is relatively slow and has expensive transactions.

[Priktrice]

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

I feel that it's both an asset and a currency.  It can be used as money,  or to transfer over to gold or something tangible.