Bitcoin is an asset or currency.

[SeVenlast]

I dont think so. Bitcoin is an asset more than an currency. Because the transaction speed is too slow. But you can store it likes an asset for the future

This is very useful for long-term assets for your family

[zais]

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 Not a Currency. How will a currency function as a "stable" Value Store? If the currency serves as a stable value keeper, then the cause of inflation will occur naturally. Anything that can be a "store of value", must be able to ensure that its value is feasible and can last a lifetime. Comparable to long-term purchasing power

[tabas]

I dont think so. Bitcoin is an asset more than an currency. Because the transaction speed is too slow. But you can store it likes an asset for the future

I can see it too that bitcoin is more than a currency now. Many treats bitcoin as an asset and the reason behind it is because there are people that are looking to it's value instead of it's usage. Value over usage is the debate through bitcoin but it's up to you if you'll use it as an asset or currency.

[ihsanskanzaone]

In my opinion, bitcoin is more likely to be an asset because only a few countries use it as a transactional tool and very few stores accept bitcoin as a transactional tool, so bitcoin is more an asset or it can be said more like gold can be used as a medium of exchange but not a currency. but bitcoins have the advantage of being able to transact anywhere and in large quantities so that it makes bitcoin better than gold.

[SaShiRaJaVu]

I dont think so. Bitcoin is an asset more than an currency. Because the transaction speed is too slow. But you can store it likes an asset for the future

Transaction speed is too slow and the charges might be higher now but i am sure once the lightening network is activated everything will settle down and these sort of issues will be sorted out when these sort of upgrade comes into effect ,but i am still not sure when we will see those updates being implemented.

[Jf Annie]

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 thnk bitcoin is not only currency but more than that. It's like a asset which we never going to touch. it's like a giving us benifits more than other assets we have. For me bitcoin is awesome coice as a asset more than other asset.

[Aimer08]

Bitcoin is an asset because it helps you to make money and that makes bitcoin a currency bitcoin is the asset for you to make a currency.

[marckenigsberg]

This has been said here before but it's the first asset that bears qualities of both a currency and a commodity.
This is one of the reasons it is so difficult to value but also one of the reasons for its price resilience

[Creepings]

Bitcoin is an asset because it helps you to make money and that makes bitcoin a currency bitcoin is the asset for you to make a currency.

You do have a point, but asset is something you own or bought that have or is valuable that can give you profit. A lot of people use it as a currency, used in payments to buy online or pay debts, but some take it as a currency but use it as an asset.

Bitcoin is best to be saved because the price is pumping every single month, that gives you profit making it a good asset. When you need money, you sell it or convert it into fiat but I don't think that will count as payment so it is more of an asset rather than a currency.

[fuding12]

currency and assets, I think bitcoin is both.
is not that an advantage if it has bitcoin.
because with bitcoin we can benefit from trading.
and of course bitcoin provides ease in payment activities, buying and selling, and transfer money quickly and easily on a global scale.

[LUXMICOIN]

 bitcoin as an asset rather than a currency. Writing in Forbes that value of the cryptocurrency increased 140% in 2016 and 49% in the past month, Dorfman maintains the swings in either an upward or downward direction do not make bitcoin a plausible currency as much as a speculative asset.

[Alex_Zi]

I think it both - and asset, and currency. As asset is to old, but it was first and still working.
As currency it has more stability than most national currencies.

[DronICO]

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 an asset for sure. Just try to pay for something through Bitcoin and you will get an answer. Core devs keep their opinion about some bitcoin features making this currency simple useless for a payments. Good or bad it doesn't stop an adoptation of Bitcoin around the world. Also calling it an asset we have a chance for huge money to come it so cross your fingers and dream that all regulators will call it an asset.

[_noname_]

I think it both - and asset, and currency. As asset is to old, but it was first and still working.
As currency it has more stability than most national currencies.

Indeed i am also accepting that bitcoin is an asset and currency because if we have a bitcoins and we can keep in our wallet then we can say that we have an asset for future and present also with addition with that we can also say that we have a currency because we all know that bitcoin is a crypto currency and we can change it to any other currency also. so we can say that bitcoin is an asset and a currency also.

[EdfuJihad]

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.

I agree, transaction takes a lot of time and efforts. And the price sure is going up for the reason that many are supporting this currency saving a lot of time and efforts just by transacting. It is surely an asset for it is a currency, that finds it more efficient to use. And the price sure goes up.

[Janation]

I think it both - and asset, and currency. As asset is to old, but it was first and still working.
As currency it has more stability than most national currencies.

I wonder why did you call bitcoin as a stable currency? I mean one of the most popular feature of bitcoin is it's volatility which is the antonym or opposite of the word "stable".

For me, bitcoin is an asset. You buy bitcoin not because you really like to use it or you want something to be bought that can be only accepted bitcoin, you buy bitcoin because the price pumps in time, so the longer the time you are holding it, the higher the profit you are getting. So, from that, you can say it is more on being an asset than a currency.

[rashmishetty344]

Bitcoin is more of an asset than an currency. This is because initially when bitcoin was introduced the many people collected bitcoin maybe as a hobby or maybe for trading as the prices were very low. Some may have also keep those coins as an asset with the hope of increase in price and definitely may have profited today. So bitcoin is definitely an asset.

[malika]

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 a currency as an asset the value of bitcoin goes even higher everyday thats why it can be called as asset. On the currency side it can be used to purchase in online shopping and other things that need to be paid by bitcoin or other digital currency.

[kunalqwe]

i think bitcoin is an vertual currency and it is very good for investment .

[scout5]

I hate how most of the answers here are mostly saying that bitcoin is an investment. smh