Bitcoin is an asset or currency.

[TrueCryptonaire]

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 think bitcoin is an asset as bitcoin is now daily increase in prices.  People whom having bitcoin they are now saving it. And keeping for future opportunities.  Best thing about bitcoins is that you can mine them and generat your own bitcoins.
Bitcoin as a currency is also used as in exchange of goods and services or in exchange of other currencies.  
Bitcoin has come in existence from 2009 and since than its prices are increasing.  Bitcoins come with advantages and disadvantages.
Bitcoins are the new trend setter of today.  The rate with which bitcoin has come in economy it's remarkable. Bitcoin is come to origin in 2009, and since its rate gas been increasing incredibly. Bitcoins has marked a great success in market. Time has come that bitcoin is become more valuable than gold. There is not time less that it will cost about 10000dollar.
Best thing about bitcoins is its selling value is always increasing.  

[channingwilmer]

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.

Bitcoin is a currency and an asset, too. As you can see, you can use bitcoin for any purpose you like. You can use bitcoin to buy online stuff and if you are lucky, you can find a store in your local area which accept bitcoin. Bitcoin can be considered as a type of investment because if you hold bitcoin for a long time, 90% that you will earn a huge profit in the future.

[Manutax]

BITcoin performs both functions for me...I have saved money over time using bitcoin...I have also been using bitcoin To pay for services and goods.

[Larva14]

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 ??

There are lot of uses of bitcoin like you can used it as currency or an asset. In addition to that, some people prefer to use it as investment because they know that it is good investment and it is good for long term investment. Lastly, I prefer to use it as currency where I exchange it in some stuffs.

[rickyleatham]

Bitcoin can be currency when we use it for investment or trading. But it can be money when we withdraw it to our digital wallet, so bitcoin are both asset and currency

[penig]

It is both.  I can buy something in Bitcoin, though as i understand it most sellers use Bitpay which will output local currency to the vendors bank account.   I can also use it a store of wealth or investment, albeit volatile. That volatility also makes unsuitable for currency, when a good or service can change price 5-10% in a day or less.

[saira0j]

For me, Bitcoin’s intended purpose is as a medium of exchange but it may also be used as an asset and
investment.

Hi all, please contact us in our telegram handle @BoonTech if you  like to help us to manage our bitcointalk announcement page

[Fappanu]

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 both, bitcoin is a great asset because if ever you're handling a lot of bitcoin it can value a lot in the future. I think that you can really change your life if you can invest bitcoin and hold it in the future. A lot of people were able to change their lives because they were able to invest a lot of bitcoin and hold it until now.

[sparveenat]

I consider Bitcoin as asset and as well as currency. If I keep Bitcoin for long run it will give me a huge profit that's why I called as asset. If I use it for my day to day financial requirement it is currency.

[supine]

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 both an asset and an investment. It's good to have bitcoin because it can cost more in the future, which will be profitable if you hold bitcoin and bought cheap. Bitcoin is the best investment ever made, a lot of people were able to become rich because of it.

[zeingrind777]

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 think the bitcoin is like gold. but has no physical form like gold. as we know that the old days of gold can be used as a medium of exchange like money, and now gold is used as an investment asset for some people. maybe the first bitcoin was created for online transaction payments, but with the more expensive bitcoin price, we can make it an investment asset. for bitcoin communities already in my country. we discussed and studied together about cryptocurrency

[ongels]

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 ??

Well they are both a currency or an asset, My reason is that, in terms of currency, using bitcoins are widely used to shop stuffs online, just simply click in the online shop then after a few days, there you have your stuffs, In terms of Asset, Investing bitcoins such as holding for how many years you'll find incremental value about more than a 100% or exceeds to your expectations as a profit, We already witness how it works based on bitcoin history, and im still looking forward that' there's gonna be more surprises in the upcoming days.

[sirslayer]

It's pretty much the perfect asset, an asset allows you to generate wealth. But Bitcoin not only generates wealth it's also very liquid so that you can use it like a currency.

So it can be asset or a currency depends on how you treat bitcoin because there is no clear definition of it but as we all know this is a currency.

Well in my opinion it’s both it can work as an asset and as well as it works as currency because you can buy things from bitcoin and if you want to use it as an asset so you can I’m also doing both when I need something so I use it to buy things and I also keep it for investment also when the price is down so then I buy and when the price go high then I sell t and get good profit.

[tkamal]

It is depend upon the person who wants to invest if investor want to do long term benefit Bitcoin is consider as asset and if only for financial purpose only then Bitcoin can be consider as only currency.

[corroze]

For me, bitcoin is not just a digital currency that has functions like real currency but bitcoin has become a very valuable asset in my life, with my bitcoin having a good income and more economic change that I get especially for financial problems

[btcprospecter]

Bitcoin is unique that it is both. Primarily it was supposed to be a currency but since it is volatile and value is increasing it is tending to be used more investment and trading than a currency.

[Unicorn_Heart]

While bitcoin is a form of currency that can be used to purchase goods or pay your bills, it is also  a form of asset especially when you invest it in the market or just wait for its value to appreciate. Bitcoin is both a currency and an asset, just like a cash that has purchasing power and at the same time can be invested in stocks and foreign exchange transactions.

[rockyram]

While bitcoin is a form of currency that can be used to purchase goods or pay your bills, it is also  a form of asset especially when you invest it in the market or just wait for its value to appreciate. Bitcoin is both a currency and an asset, just like a cash that has purchasing power and at the same time can be invested in stocks and foreign exchange transactions.

Best thing about bitcoins is that you can mine them and generate your own bitcoins.
Bitcoin as a currency is also used as in exchange of goods and services or in exchange of other currencies.  
Bitcoin has come in existence from 2009 and since than its prices are increasing.  Bitcoins come with advantages and disadvantages.
Bitcoins are the new trend setter of today.  The rate with which bitcoin has come in economy it's remarkable. Bitcoin is come to origin in 2009, and since its rate gas been increasing incredibly.

[Alok Yadav]

Bitcoin's intended purpose is as a medium of exchange but it may also be used as an asset and investment. ... Whether the evidence towards investment rather than currency and thus a medium of exchange is due to the volatility of Bitcoin is a matter for future research.

[stolendata]

I think Bitcoin is  not an asset and it is gonna be very smart for one to invest in Bitcoin . As its fluctuating it can be used as currency and not as asset but maybe in future it might have the power for it to be used as asset for everyone

Yes due to the fluctuating nature of bit coin it may not be called as asset because the rate of bit coin is increasing or decreasing with time to time depending upon the investment as well as popularity among all investors are the key indicators for dumping or pumping of its price.