Bitcoin is an asset or currency.

[BarbieCasino]

I used to consider Bitcoin as a currency, when I fist entered the cryptocoin sector. But now the things have changed. The huge increase in fees has made the usage of Bitcoin as a payment medium very expensive. On the other hand, its attractiveness as an investment has risen, due to sky high returns.

It is the new age and now everything is the use of the new technologies I am sure the bitcoin is going to help all the people and the increase of the money will help then to have the high price and the increscent in the price will help thousand of the investors who are using the bitcoin and the increasing price of the bitcoin will help then so the bitcoin is the currency for sure.

[1715181288]

1715181288

[potatocorner]

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 asset and currency. Asset because users can even earn some or do trading or investment with it, and it is easier than we expected. Also, bitcoin is a currency because many people are using this to earn, which they can possibly use in their country if it is converted in one's local currency. It is a digital currency that is used exclusively for people who have internet connection.

[ardhigalau]

In my personal opinion, bitcoin is an asset. It's true if people call it virtual money, but for the next 10 years that view will slowly disappear.

[ankit05]

Bitcoin is attractive as a currency or Bitcoin is digital cryptocurrency. The main purpose of creating bitcoin is to use it as a digital currency, bitcoin value is continue to rise over time, people consider it as an opportunity to gain profit. I hope stay invested on BTC and the marketing of BTC continues to grow in future.   

[jovs]

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.

Yes bitcoin is meant to be a form of currency to bring a faster way of transaction in a more technological bade transactions. But as the market accept bitcoin on transaction and as the stock move to the market people also notice the capability of bitcoin to fluctuate having a currency that has a faster way to grow or to run making it a form of asset on investments and in daily base transactions.

[shiv06]

Bitcoin is currency, Bitcoin currency is release 2009 by Santoshi Nakamoto and symbol is BTC, XBT. BTC is best way invest, by learning bitcoin digital cryptocurrency and BTC investment will be smart investment and earn more profit.

[NoNetwork]

It sure is an asset. No matter how you look at it, it will still show itself as an asset. By making daily transactions, using it to pay bills, buying things or items, or even use it as an investment, name it will still look like an asset.

Well, depending on how you will use it ofcourse. If you are a big money spender like, you spend your time and money through gambling then, you can definitely use this. By joining in an online gambling site using Bitcoin then it is the right currency for you. If the chances is in your favor by winning many time then the volatility of Bitcoin is the only thing you're going to look out for, it is also a sort of gambling material.

[Trela]

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.

Yes bitcoin is meant to be a form of currency to bring a faster way of transaction in a more technological bade transactions. But as the market accept bitcoin on transaction and as the stock move to the market people also notice the capability of bitcoin to fluctuate having a currency that has a faster way to grow or to run making it a form of asset on investments and in daily base transactions.

The Bitcoin user changed the nature of Bitcoin. The fact, Satoshi Nakamoto created Bitcoin to help the world have a currency can replace the primary currency system controlled by the government. With the cryptocurrency, the world's economy will not depend on the government, all thing will depend on the user and control by user.

[cryptokath19]

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 are both Asset and Currency, because Bitcoin is an asset by Holding it for the big future and also Bitcoin is a currently that can be used for buying goods, payment for the monthly bills, sending money to family and also do trading

[ms.sexy]

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 ??

Both, Bitcoin is an Asset and Currency. In asset some percentage like 80% hold Bitcoin for the longterm and make 15k$ as soon as possible. while Currency  you can used in online ways like trading, buying some good, monthly payment bills. and can peer to peer to to transact on some other friends that really trusted

[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 ??

Both, Bitcoin is an Asset and Currency. In asset some percentage like 80% hold Bitcoin for the longterm and make 15k$ as soon as possible. while Currency  you can used in online ways like trading, buying some good, monthly payment bills. and can peer to peer to to transact on some other friends that really trusted

You can't make the price of Bitcoin increases to $15,000 soon . It depends on the demand of investors. More investors want to buy Bitcoin, own it, the demand will increase and the price of Bitcoin will also raise more to correction the demand and supply. No one wants to sell a famous asset with cheap price.

[mhayandal]

bitcoin is a currency and also an asset by the holder,because bitcoin increased the value of itself the more the value increases their is a big chance to get more profit by that,it can use as an asset in the future investment like potential platforms.

[Luckym7]

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 ??

What is asset ? Asset is any kind of think as like Land but bitcoin is a digital currency it is not a asset .

[IgniHash]

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 ??

At this moment, i can say bitcoin is an asset for me. Sometime i trade it to an exchages, if the bitcoin price drop. I switch to usd to maintain the value. Then but it again in the lowest price.

[jhewlijw]

Bitcoin is currency and asset also.some people are investing on bitcoin for future so, it is best asset.bitcoin is popular currency,easy to exchange.

[jayhawk1]

in my opinion bitcoin is not only currency but also it is a asset for me.i am holding bitcoin to get some profit from it. and lots of people are doing that.so it an asset for them and also it is a cryptocurrency.

I think it’s both asset as well as its currency because if you keep bitcoin for your future so it can help you and if you want to use bitcoin so you can also use it for your daily expanse because bitcoin is such currency which is providing a lot of good things to the people so I think if someone have a bitcoin so he can change his life in a short time.

[Jamboo30]

BTC is an assert or curency depends on people who have the way to use BTC.
If someone have a amout BTC but the dont exchange to money and hold it, it is an asset.But some one use BTC to exchange to the currency as: USD or EUR, it is the curruncy, very simple.

[jokilax]

Bitcoin is good asset and currency also,it is good for profits.bitcoin is most popular currency and easy to send and receive the money through the internet.bitcoin is investment plan for long short time.it is easy to exchange.

[qwertyup23]

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 can be treated as both since it purely depends on the user's purpose on it. Generally, bitcoin is regarded as an asset since people mainly use it as an investment for short term or long term purpose. Otherwise, mostly view it as a currency since its value can be convertible into fiat, considering its significantly high price on the market. Others view it as both since they withdraw their bitcoins for emergency purposes while retaining some for their investments. Like I said, it purely depends on your use and your perspective on how you view it.

[Dailyroberts]

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 can be treated as both since it purely depends on the user's purpose on it. Generally, bitcoin is regarded as an asset since people mainly use it as an investment for short term or long term purpose. Otherwise, mostly view it as a currency since its value can be convertible into fiat, considering its significantly high price on the market. Others view it as both since they withdraw their bitcoins for emergency purposes while retaining some for their investments. Like I said, it purely depends on your use and your perspective on how you view it.

Bitcoin is the mixture of both. It's not a pure currency and it's not a pure asset. It's in the gray zone in between these two. That's why lots of taxation discussion is now taking place in united states. They want to define a classicification for bitcoin.