Bitcoin is an asset or currency.

[Jessica2009]

    Bitcoin is a digital decentralized currency  stored on computer it is not a paper currency that can be kept in a pocket or ordinary wallet as we keep paper currency. Japan has accepted Bitcoin as  a digital currency but, India is in a confused mood because they don't have a clear picture about Bitcoin.The central Bank of Israel says that they cannot  accept this virtual currency but they accept it as an asset  and first  cryptocurrency  using computer software .

[DoublerHunter]

    Bitcoin is a digital decentralized currency  stored on computer it is not a paper currency that can be kept in a pocket or ordinary wallet as we keep paper currency. Japan has accepted Bitcoin as  a digital currency but, India is in a confused mood because they don't have a clear picture about Bitcoin.The central Bank of Israel says that they cannot  accept this virtual currency but they accept it as an asset  and first  cryptocurrency  using computer software .

Those decision are just temporary because they are still confused and they are not yet cleared about the bitcoin if they are going to accept it or not because bitcoin is not that simple for the governments and other people because it is hard to understand as a cryptocurrency since it is a new type of currency. But let just hope in the future that governments will really accept bitcoin so it will not be just an asset and so it can be a currency to spend also.

[noonc]

Bitcoin works best at both but it is more recognized nowadays as an asset rather than a currency. Mainly because trading it yields profit to the investor and sometimes selling it also does. However, bitcoin also works good for buying goods and services that are provided on the internet obviously because it was meant to be a currency.

I think bitcoin can be both an asset and a currency because it has both functions as an investment, but at the same time acts as a medium for trading and its price volatility.

[janah]

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 believe that bitcoin is currency why? Because we using it as a money to transfer to love ones and we doing it in trades as a payment of profucts that we get. Many thinks of us that bitcoin is asset but its not asset because they just holding it! Not means by that it is an asset already. Always remember the word DIGITAL CURRENCY.

[hunter50]

I personally believe bitcoin is an asset rather then currency. Bitcoin is asset with me I believe that bitcoin price is still low and it has a huge potential to become really valuable in future this is just a saving some money and this excellent that is where bitcoin is very suitable to make as an investment asset.

[Aztek]

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

Bitcoin can be consider as both currency and asset, It is a currency since it is use as a system of money on the market within its limitation and coverage, whether it is through service or purchases. It it also an asset since it is generating value and worth to its owner or holder. Anything that has value and useful is consider as an asset. Bitcoin can be identify as a valuable asset because of its high price in the market.

[guagua_ga]

On Bitcoin, I think what you may be missing is a much larger point around what Bitcoin is - it's more than just money, it's a protocol for value transfer. And we're talking about technology here. It's the first time 2 people anywhere in the world can transfer value without a third party - this is classic disruption. Money for the first time is programmable and that opens up a completely new way of thinking of money and its applications. All the characteristics of Bitcoin point to it being the best form of money we've known.

[zentdex]

A Currency in deed but could be a great asset if you handle or manage it correctly. It is extremely unstable so we can't anticipate what will occur next moment.Though it has expanded in the last nine years,still there are occurrences where the estimation of bitcoin has come down.But individuals still put resources into bitcoin because of this factor only.Gold is an advantage and stable.So there is almost no or no development in its value.

[engrdaver]

1. Currency by definition is a monetary system used for trading that is backed up by physical metal reserves that defines its value.
2. Asset is something that has value and has the capacity to generate income.
Therefore, Bitcoin can be considered more of an asset than a currency. Once the price of Bitcoin has been defined and legally used for general trading then it can be considered a currency.

[fuer44]

I think that bitcoin is an asset. like gold, bitcoin value can also go down, can also rise. bitcoin prices are also influenced by supply and demand. and so far I see a lot of people who actually sell their bitcoins to common currency, not using it as a transaction tool.

[Joyceshiroor]

Bitcoin is an asset if you keep it is an investment. But if you use it for any online shopping or buying  then it is a currency. Hence it acts in both manner.

[Pansamantala]

Bitcoin, although widely used now by many people as an asset for investment, was originally meant to be the official currency of the internet. However, because of its characteristics, it has been turned to an asset by many of people who are owning bitcoin. And it is now colloquially known to be a mode of profit on the internet.

[GalaxyWorld]

To say a bitcoin is an asset, I think it's not right. I think bitcoin is a market for us to invest in and generate a profit rather than an asset. If you have a large amount of bitcoin when you sell and collect a lot of money then it's called the property

[arthotdog]

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 ??

its an asset at the same time a currency,this is why bitcoin becomes more popular and known.imagine that your asset is always in your online wallet,that making some growth day by day,but when you needed to pay somethng or transact online,you can easily use it as a cash.awesome isnt it?and the best part is,you can ue as an trading material anytime anywhere since the market is open 24/7

[Papaczed]

Bitcoin is an asset if you keep it is an investment. But if you use it for any online shopping or buying  then it is a currency. Hence it acts in both manner.

Based on my opinion bitcoin can be an asset and it is also a currency,  why? Because bitcoin is a cryptocurrency and it is the best cryptocurrencg and we can totaly bitcoin for an online transaction and bitcoin is an asset because we can make a lot of profit with bitcoin.

[safarabela]

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 can be called a currency or an asset. Bitcoin is a currency because it can be used for transactions, as time goes by the bitcoin price continues to rise and therefore many people are interested in investing bitcoin or as a place to save money, and therefore bitcoin can be called an asset.

[noictib]

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 all it depends upon the bitcoiner that will use bitcoin in his own way . Here for myself it is asset as well as currency .
I always tries my best for the bitcoin payment ( due to high fee I uses yobit code to yobit free transfer or sometimes segwit address wallet ) . And another way I am using bitcoin for the investment purposes like buy and sell for the altcoins as well as doing buy sell of bitcoin for Fiat money .
So here my every way to use bitcoin making me much in contact to use bitcoin as asset as well as currency .
But here in my opinion it is a type of assets only but here we can use it as currency .

[emberbekas]

To say a bitcoin is an asset, I think it's not right. I think bitcoin is a market for us to invest in and generate a profit rather than an asset. If you have a large amount of bitcoin when you sell and collect a lot of money then it's called the property

There is nothing wrong if we say bitcoin as an asset. For some people, they buy bitcoins and store them in their own wallets for some period of time and when their assets (bitcoin in this case) grow in price, then they sell it for profit. In addition, the use of bitcoin as a currency in some countries is not allowed and that is why people from these countries will mostly treat it as an asset. I have no idea why you called bitcoin as a property. Where did you get that idea?

[roxbit]

To say a bitcoin is an asset, I think it's not right. I think bitcoin is a market for us to invest in and generate a profit rather than an asset. If you have a large amount of bitcoin when you sell and collect a lot of money then it's called the property

There is nothing wrong if we say bitcoin as an asset. For some people, they buy bitcoins and store them in their own wallets for some period of time and when their assets (bitcoin in this case) grow in price, then they sell it for profit. In addition, the use of bitcoin as a currency in some countries is not allowed and that is why people from these countries will mostly treat it as an asset. I have no idea why you called bitcoin as a property. Where did you get that idea?

I consider bitcoin as an asset and the same time a currency because it posses the same use for me. I can use it as a currency because it can be use  as payment. It can be called an asset too  if I will hold it for future use.

[smile1218]

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 can classify as both asset and a currency. As an asset it is our investment for a long term goal and as a currency we can use it to transact in different online purchases.