Bitcoin is an asset or currency.

[dalek]

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.

Bitcoin is the cryptocurrency, so you can call it is currency like Dollar. But better yet, I think we should use Bitcoin as an asset than a currency. The current value of Bitcoin is useless if you use it to pay small order. Therefore, save it and research new way to earn more Bitcoin, you will get rich.

[Gameflip ICO]

I think it can be used in both ways. BTC holders decide by themselves how to use their coins.

[Dreamchaser21]

My great assets that can be use as a good currency in the future. I believe on bitcoin so this is my greatest paper assets for now and for sure in the future it will become more valuable than ever.

[terbetet]

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 ??

Actually bitcoin is like having a dual usage or purpose that make it really fascinating and attractive for us bitcoin users that are still continuing to ger engage and support it for a long span of time. Bitcoin for me can be treated both as a currency and an asset since it possess the characteristic involve on stating that is just like that. It is an asset because upon holding it or investing it, you can gain a profit which you have from the initial money you invest. It is a currency at the same time because you can really use it on different things such as availing products and services wherein you can use bitcoin as a payment for those stuffs of yours.

[Newchanka]

When you keep Bitcoin, you're sure that you're keeping something valuables which increases in value with time. Bitcoin can also be uses as a medium of exchange for goods and services. So holding it, knowing that it will increase in value makes it an asset. That you can use it as a means of exchange makes it a currency.

[bling-bling]

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 would depend on how one treats it.
1. Purchase bitcoin and hold it for a reasonable amount of time having increased value, then it's an asset.
2. Use bitcoin in making payments 💸 for goods or services, then it becomes a currency.

[logicgate]

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.

Yeah it depend on the user how he want to keep it and now most of people are unknown that it is basically a currency all are rushing to invest in it and then they use it as asset and hold their coins for long term and a lot of people are using it as currency also they do their shopping through It and it gives benefits in all the ways it can be used and I am using it as asset because it will help me in the future to live lavishly.

[chip1994]

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

Bitcoin should to be an asset instead of a currency for payment system. An asset can has high value and will not depend on the fixed rates of the government, Gold and Dollar and Real Estate are the examples for you understand this theory.

[Sengoko]

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.

Your idea is positive and probably right . Bitcoin is more asset it provides an opportunity to the people to make their future bright and secure . Just invest your money wisely and your decision making power should be strong. Take right decisions on right time and invest the profit further or you can make some property of it. So indeed bitcoin is an asset .

[codem0nkey]

I see it as a bartering chip

[ValyLupy]

I prefer to say that it is more like an asset

[iv4n]

For me bitcoin is currency, you can use it for what ever you wish or you can trade it for other currencies and earn from that or spend them in that way. Bitcoin can be asset too, just because price is constantly growing, and in that sense bitcoin can be seen as investment. Bitcoin made fast rise, that's why its attractive as asset, other currencies also rise but not so fast and that is what confuse people.
First currency then asset is my opinion, and bitcoin will rise more so as long as it rise it will be good asset.

[wdnj]

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.

Bitcoin is both, as asset and a currency. Bitcoin is currency because you can use it anywhere in the world to buy anything and pay your bills in bitcoins, and it is also an asset because bitcoin is a digital coin business. You can invest in bitcoin and after some time when the price grows more you will earn a lot of money without any struggle. It just need patience to wait for some time.

[p3ppymon]

By definition:

An asset is a resource with economic value that an individual, corporation or country owns or controls with the expectation that it will provide future benefit.

Hence, I presume you can intent it as both, as long as you fully control the private key.

[alexzorgo]

I think, the bitcoin at the moment combines functions of a digital asset and currency. In a traditional sense each currency has the Central Bank and the state acting as guarantors of this currency. Traditional currencies in itself don't bear any other function and value, except the function of exchange and value provided with the involvement into national economy and the world. Such assets as precious metals are limited in quantity, are rather difficult got. Precious metals have additional functions: are used in production and as a jewelry. By analogy the bitcoin is limited in issue, its production becomes harder and harder every year. The bitcoin has no collateral functions: at the moment it can be used only for exchange as means of payment and accumulatings. It pulls together it with other digital assets.

[yusupjatigumilar]

I think bitcoin is an asset for investment because of the growing price growth so it is perfect to be a profitable investment commodity choice.

[jaaeeeyyyy]

I think both. It's an asset and at the same time a currency in digital world. Asset because it serves as an gold to your computer that can increase and decrease it's value depending on time and currency because it is used to buy , sell and trade a product or the btc itself.

[eucliffe]

well it differs significantly depending on your jurisdiction, there are countries who considers bitcoin as a currency, where as others consider it as property or an asset, some considers it as an asset-like value, so in conclusion it depends upon your jurisdiction and the law governing Bitcoin.

[winderx]

I think Bitcoin is both an asset and currency. Just like current Fiat, these dollar notes are your asset and at the same time also a currency. Bitcoin is Cryptocurrency too.

[Majharul Saiif]

Bitcoin is world's most crypto currency now.I think that Bitcoin is both assets and currency. It is an asset to invest because of the growing price is increasing day by day.So bitcoin is an asset and currency too