Bitcoin is an asset or currency.

[Zilonglong.bucks]

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.

Thats correct. I agree with this one. Both description under bitcoin. It's an asset because it attracts investors all over the world and based on the description is it's already a nature. It's currency because  it's a acceptable, unbreakable, fast and easy transactiob., I gues bitcoin is already a international currency already that was already considered globally.

[cryptorampage]

The real answer is BOTH, Bitcoin acts in the both way , now a days it is used to buy many things like in steam (as i am a gamer), here it acts like a currency , And if you intend to store for long term then it will act like an asset.

[cryptojoe]

For me, it's kinda both asset and currency.

[jak3]

Bitcoin is just a cryptocurrency (virtual currency), it depends on where you are using it. You can use it for trading purpose or for buy and sell purpose or anything else. You can even provide services in exchange for Bitcoin. It can be used in many different ways so I will say it is a currency but sometimes can act as an asset. On the other hand, we have the good and bad reputation 1 Bitcoin That depends on the people whether you have a positive point of your negative. Bitcoin is just another form of money so bad peoples use the money for the bad purpose and good people use it for good.

[Kanda Yu]

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 ??

You are the one who gets to decide whether you find it as an asset or a currency. If you are using it properly, obviously, bitcoin would just be a simple currency but if not, you would more probably consider it as an asset. Bitcoin has already gained much attention and it should not be abused just because we are independent on using it instead we should be more responsible.

[hosseinimr93]

In my opinion, bitcoin is not currency. It is an asset. Because the price is changing all the times. Transactions are slow and Fees are very high. But I think in future cryptocurrencies can be used as currency for all sells and buys.

[Magkirap]

Bitcoin the online the currency, which in our lives asset as work. btc who we asset or currency both of them to think we can.

Bitcoin is digital currency that can be convert to cash. The cash from bitcoin can buy a property to become asset. Bitcoin is a currency.

[Cofee mix]

I think Bitcoin is a digital currency, because Bitcoin can buy an item and have a large exchange rate.and Bitcoin can be converted into cash, and Bitcoin is a salary paid by a bounty, depending on how much work we do, if we work a lot it will be Banyan also the salary we earn, and the salary is paid in Bitcoin, or other altcoins , that's why I think that bitcoin is a kind of digital money.

[DMiracle1]

Bitcoin is more of an asset than as a currency. Since the supply of bitcoin is limited, the only logical progression is for the value to go up. Since the value will rise and people expect it to continue rising, people will be inclined to keep rather than spend, this aspect highlights the asset side of bitcoin. It is one of the most successful assets on the planet right now because it's a global speculation. It has its own inherent value based on what people will pay for it.

[humanCNC]

Surely bitcoin is both a fortune and a currency. In some countries, people are allowed to use bitcoin to pay for daily transactions. The value of bitcoin is very large. Investors store it as their asset.

[Ucy]

I don't see why it can't be both.

 Maybe in the future we can have Bitcoin in two forms: "stable Bitcoin" on side-chain for buying & selling and the "Main chain Bitcoin" used for speculation?

[AndrePogi]

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. So for some use cases like buying a VPN, bitcoin is the best currency.

[HalfDeck]

Bitcoin is more of an asset than as a currency. Since the supply of bitcoin is limited, the only logical progression is for the value to go up. Since the value will rise and people expect it to continue rising, people will be inclined to keep rather than spend, this aspect highlights the asset side of bitcoin. It is one of the most successful assets on the planet right now because it's a global speculation. It has its own inherent value based on what people will pay for it.

Although limited supply is good for the price of Bitcoin, but as you said, it is only good for an asset instead of a currency for payment activity. Ethereum, Ripple or other altcoins are better than Bitcoin to using as a currency. I am waiting the next huge update of Ethereum in this year, I heard some rumors about Ethereum used for activity of the government.

[CoPil]

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. But personally, I would say that it is 'more of an asset' even if it's also a currency. Here in our country there is a very limited options of businesses who accepts bitcoin. Few shops probably, I don't know about hotels and such. It is more of an asset because people invest in it for a return of investment and more and more if it. When you have BTC at least 1 BTC you have an asset. It's both but I personally treat it as an asset more than as a currency.

[glanmarc]

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 is an asset. It is also currency. Cryptocurrency to be exact. You can buy goods from it. You can trade or anything that what you do in your money. Money in the real world is almost the same but there is a difference between them. They differ in terms of volatility.

[blckhawk]

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 could say both. Bitcoin can be consider as an asset and a currency. Asset because just like gold bitcoin is volatile and can be stored for a long period of time and more important is you could get a high profit.

[codered000]

It's practically both but it's more of an asset. Because we buy bitcoin, wait for it to appreciates then we sell it, just like an asset. And it's very limited to use for buying goods and other stuffs.

[icaica22]

I personally believe that bitcoin is an asset rather than a currency. If you redeem it on a low scale then the transaction fee will destroy you. So it's better to invesent long term and make assets for the future ..

[PsylockReborn]

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 found bitcoin both an asset and a currency.
 
Some people bought their bitcoin at a very low price when it's still young and made them millionaires or even billionaires. Bitcoin as a currency is used as a medium for trading different alt coins. In some countries you can purchase anything or pay your bills even your insurance companies bitcoin.

[wack slacker]

Initially it was a coin but due to the transaction fee for each transaction too high, it became a kind of asset. Who goes to buy a cup of coffee at  $5 to pay $ 10 for a purchase?