Bitcoin is an asset or currency.

[tevayo]

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 a currency as it is gaining more and more value as the time passes by and also that it can also be used to transact with people, so it is also a currency.

[Daniel91]

If you ask central bak in my country, bitcoin is neither asset nor currency
For me, bitcoin is digital currency with concrete value, real asset for my future.
I still can't report income from bitcoin in my country but I think that soon it will change.

[Opquar]

Bitcoin is a unique form of asset and could also be a currency where in you can use it as an investment; buying ,holding,and selling it on its expensive price in order to earn a profit. It is an asset because by owning a portion of it allows us to access on different transactions through its application like paying bills,tradings etc. Its digital value is considered as currency where in you can use it as digital cash for paying bills or goods.

Yeah, it really is both. It was intended as a currency, but it turned out to be a better asset. It doesn't really matter in the end though, as it performs both roles beautifully.

[dettihegedus]

bitcoin are both asset and currency, example: if you have 1BTC you can exchange it into money then it is an asset, or you can keep investing in bitcoin and altcoins then it is a currency, so it depends on situations.

[taxmanmt5]

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 currency. Like what money is, it is both currency and asset. Because bitcoin as it grow my asset keeps growing too, but when I use it and convert it to fiat then it turns to money and currency.
I think you are trying to say Bitcoin is a currency or commodity ?

[Raihan050]

I prefer both of. But firstly Bitcoin is a online currency than secondly in our daily live it's an asset for us.

[Christian13]

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

You can simply says that bitcoin is a currency because you can exchange it in many stuffs like online games and many more. In addition to that, for me I prefer to use it as investment and I do believe that bitcoin is a good investment for long term and I know if you prefer use it as investment you can assure that your money will become double or triple.

[mahibul49]

bitcoin is both..a currency and an asset
you can see the chart of btc price so you will get it

[Greenkarki]

Its used as both. As long as the money is needed for expense, its used as currency. When you have enough money and want to asset for future, save the bitcoins for future as an asset.

[BunnyShibe]

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 currency. Like what money is, it is both currency and asset. Because bitcoin as it grow my asset keeps growing too, but when I use it and convert it to fiat then it turns to money and currency.
I think you are trying to say Bitcoin is a currency or commodity ?

The amount of money we have is our assets, Bitcoin is a currency which we can sue for shopping directly without changing it into any other currency just like money that we use for shopping in shops, Bitcoin is a digital currency and in current time we are using it mostly for online purposes, There I think we can consider it is as our assets. I think very soon we will even start using bitcoin for buying and selling thing and for so may other types of dealing in our day life.

[Crytpozer0]

None of both now for the fully 100%, it will be acurrency in the near future, especially if Amazon starts to accept btc as a payment, after that it will be seen as an asset and the money will flow in till bitcoin reaches unimaginable all time highs.

[cexylikepie]

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 currency. Like what money is, it is both currency and asset. Because bitcoin as it grow my asset keeps growing too, but when I use it and convert it to fiat then it turns to money and currency.
I think you are trying to say Bitcoin is a currency or commodity ?

It is a currency and it is also an asset at now. You can use Bitcoin as an asset when you invest in Bitcoin and hold it or trading like Gold. Of course, the risk of Bitcoin also like other fields, even it has more risk than other markets is possible by its nature and community still not stability. And about currency, you can use it to pay anything online, as long as it can get accept or not

[BitcoinBallerina]

Bitcoin is an asset and a currency. It's an asset because you can save with it and invest it, but it's a currency as well because you can transact with it and use it as traditional $

[Kray]

bitcoin can’t be called as an asset yet, because asset can make money from the company, for now it’s only a digital money used online in transaction, and it can also be an investment in the online world.

[EddyGameta]

bitcoin can also be called as the currency of digital world (online), because so many people are using bitcoin as a payment tool for college expense in america, Cheapair’s travel payment in california and many more.
bitcoin can also be a good investment for a long-term because it has a very remarkable rate of return but also very risky.
bitcoin can be called as a registered currency if many countries have legalize and accept it
 

[BITDV]

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.

You’re right, but bitcoin is not an unlimited currency because it only has 21 million BTC of stock spreaded over the world, unlike US dollar which have unlimited stock and have spreaded in many countries and  becomes international currency.
bitcoin is an interesting currency because it allows us to transfer it to other countries without tax like fiat.
 

[brickafterbrickwalldpt]

Both. Bitcoin is an asset, a commodity that can be used to achieve something and a currency, something you can pay with provided the seller accepts bitcoin, or you can trade your stock for normal money, which is also great. It's an attractive option for investors and more likely small time market pundits. It's borderless by how much you can achieve with it, and it's also not as common as normal currency, there are much less bitcoins than per say US dollars, a lot less, which makes them scarce and humans know that they like rare commodities that are worth lots.

[xBitHodler]

For now, I treat Bitcoin as a long term investment. I also see it as a currency. It is still not capable of processing a huge amount of transactions but we are on a good track. We have already introduced SegWit which helped to decrease the price of transactions and the time needed for confirmation. We still got plenty of time, people are slowly getting used to the idea of cryptocurrencies.

[Kurokonobasuke]

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 it is technically a currency. Bitcoin is a digital currency as well as other cryptocurrency. It is already used and legal to some countries but is only limited to those. There are still countries where it is not yet even known. But if it will be legal to most countries in the future, it will totally be a currency.

[Jgatsby]

Regarding your question if Bitcoin is an asset or currency, the answer is both. There are some countries who considers BTC as an asset-like property, while currency in others, it all depends upon your jurisdiction. you can try searching for it online if what countries considers BTC as an asset or currency.