Bitcoin is an asset or currency.

[YaChou]

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 ??

[BillyBobZorton]

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.

[valentin68]

At the beginning bitcoin was meant to be a currency. This is how its creator wanted it to be: a currency whose transactions will be anonymous and will not have the possibility to be contested by any of the parts of the transations. Once the money is being sent, the transaction can be shown to the other person there is no doubt that the money were sent (and received). Because it is so good, because its price has gone up, the bitcoin became little by little also an asset.

[Berk]

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

[Greenkarki]

It depends on people. I am in need of money for basic needs.  So if I get btc  now,  I ll better use it for my expenses than holding it. But it may some time to save more bro as an asset. Hope this happens so to everyone.

[Jafri101]

I personally beleive bitcoin is an asset rather then currency. If you trade it on a low scale then The transaction fees will ruin you. So better buy and hold butcoins for a long term invesent and make it an asset for future to sell it at 10k $.

[andylowe]

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 would say bitcoin still functions as a currency and an asset. At first, the main purpose of creating bitcoin is to use it as a digital currency, bit due to its value that continue to rise over time, people consider  it as an opportunity  to gain profit. So that how it begins to be an asset. On the other hand, since people really do need money to survive, some will use it as a currency to buy things or covert it to fiat so it can be bought by the things they need. Bottomline, though  some consider it as an asset, some also prefer to use it as a currency.

[koeb88]

I think bitcoin is still an investment today, for generating income by trading and holding. In future it will be may used more as an currency to buy and sell goods, but the community and the technology must develop itself to do so.

[Akash55]

Bitcoin the online the currency, which in our lives asset as work. btc who we asset or currency both of them to think we can.

[Vatimins]

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 ??

Wasn't really thinking about this. But now that you've mentioned it,  it really is a topic that is quite puzzling. Because as what you have said, it is mainly used in trading by most of the people in the crypto world than as a currency. So analyzing, bitcoins may be just an asset right?

But, if you think about it more, you will understand that it simply is both a currency and an asset.
Because in history, bitcoins were founded by satoshi with the vision of it being a great currency through decentralization. But due to its limited supply, it has become a rare thing. Which is the reason why its price, rises a lot. And due to people who sell, the prices also drop and back again. Which then lead to everyone taking advantage of it and used it more as an investment for profit and a trading tool.

So I guess bitcoin is pretty much an asset and at the same time, a currency.

Hope this clarifies a lot of questions in your mind.

[alva5763]

The majority of bitcoin holders treat it as an asset whether to hold for future value increase or to trade against other coins. It is also being used,although not to a high extent,to buy goods even including housing.

[taeewo]

Its assets n can also be regarded as currency

[pkdas]

I think it can be used both way,like you can easily transfer small amount of money and big amount of money easily without anyones permission..It is so fast and it's fee is also very cheap.You can hold it like an assets,now a days bitcoin prize is going up..

[dancingnancy]

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 better as a currency, as the rates are fluctuating you'd be better off spending it as and when you earn it. It's also a great investment as the rate of return is simply remarkable so based on your current situation you can use Bitcoin as an asset or as a currency. If communities as a whole accept it it's regarded as a currency.

[affigne]

As of yet, is more of an asset than currency, for everyone can hold it but it's yet to be widely accepted as payment method, hence it sticks more to an asset.

[criz2fer]

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 ??

Usually its being use to buy service, but since people are trying to buy bitcoin join an investment like potential platforms, it could be an asset in the future. Bitcoin can also be a currency that use for buying as mentioned. And for the community itself,  this will be usefull for faster system of transactions which blockchain can provide

[SMSabuj]

Personally, I believe that Bitcoin is a Currency and Asset both. Bitcoin is Asset with me. Because I grow my asset by Bitcoin. And Bitcoin gives me the financial freedom.

[rfcdejong]

It seems to me I think that bitcoin is an asset and a currency at the same time. Bitcoin as a currency participates in the commodity turnover as it can be exchanged for the goods. Bitcoin as an asset grows and brings profit to its owner.

[Shenzou]

Originaly bitcoin was supposed to be a currency that will cahnge the way we use money online, a faster way to make transactions and a safe system that will prevent haking bank accounts, we all were ok with this idea, but since the bitcoin had a limited source and since popeple were mining it like crazy, it got harder to mine and thus required more hardware and more power which made its price increase, all of this lead to poepel comparing it to gold collecting it and saving it, and with this bitcoin has shifted from being just a cryptocurrency to becoming a reveloutionnary assest that made everyone rush into investing in it, and by this the world is stating to relive the 1849 gold rush but in the digital forme.

[Svener]

I think bitcoin is an asset,because the value of bitcoin keeps increasing.If you hold bitcoin for long time you can have more profit while you sell it.