Is bitcoin an asset or a currency?

[gwaposakon101]

Some people said that bitcoin is an asset,scam or anything that against bitcoin, but bitcoin isa a currency a new digital currency , i dont know why other people are against bitcoin.

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[uztre29]

There are some companies and stores that use Bitcoin as a currency. Some didn’t do that because the price of Bitcoin is so volatile. They realized that it is too hard to make Bitcoin as one of their modes of payment. A lot of people use Bitcoin as an investment vehicle. Therefore, Bitcoin is both an asset and a currency.

[sukamasoto]

Both, IMO.
That why bitcoin is unique currency as it can be use as investation (asset ) or can be use for transaction ( currency )
There are no currency able like this except bitcoin so , yes, bitcoin is revolutionary currency so I can see the fact that people have faith on this currency

[Kurokonobasuke]

Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html

It is definitely a currency since bitcoin was actually a digutal currency but it is now considered as an asset or as a good investment because its market value is continuously increasing as time is passing by which gives profit nit onky to its users but also to its investors and growing community.

[zentdex]

I think bitcoin is an asset. Be that as it may, what comes up short is the state of mind of bitcoin proprietors towards spending their belonging. A large portion of people stores bitcoins. I cannot think about any individual that is prepared to spent all or half of their bitcoin in return to a basic supply, things or services not connected in the digital currency.

[lagista]

bitcoin is more suitable for assets, because the current bitcoin is higher than the currency. so if bitcoin in use as currency is not very suitable with current prices. and bitcoin will have a good future if it is in the asset.

[QuartzMen]

Some people said that bitcoin is an asset,scam or anything that against bitcoin, but bitcoin isa a currency a new digital currency , i dont know why other people are against bitcoin.

[gwaposakon101]

bitcoin is no an asset, bitcoin is the new  currency , even though there are a lot of banks, but some people are still believe in btc.

[wjchong]

Bitcoin is a virtual currency. If you use it as like investment it may be your asset.

[Wingo]

It is becoming an asset and its purpose as a currency is slowly fading. Bitcoin's transaction fees are so high and there is an increase in the number of unconfirmed transaction everyday. The situation is getting worse for bitcoin especially for those people who are new in the crypto world.

[yuni52]

If I think bitcoin is a long-term asset, not as a currency in different countries that may have been accustomed to transacting for payments but for currencies that I do not think, every country already has its currency policies and regulations.

[DannaWonder]

Bitcoin can be an asset for now but bitcoin is a currency. Buying currencies for any other purpose than buying goods or services with them is speculating. Furthermore with Bitcoin, it's impossible to work out how to assign any value to them. You can get an idea of the real value to you of a physical currency by looking at what it can buy you with it in its country of origin (compared to what you can buy elsewhere with other currencies), interest rates in that country, inflation, and how rapidly the currency base is expanding compared to economic growth. With Bitcoin, how its value should be measured is anyone's guess.

[mezzaluna]

It is originally a currency, that's how it started. But as you have stated it has somehow became an asset now given how it has increased its value.

[jkinit2125]

Technically, if it will be a currency, its a long way for bitcoin and other digital currencies to become a mode or medium of exchange in the future. To buy a car, appliances, buy something in grocery stores, pay for some services because of the fact that its price varies. It won't be inappropriate if the one who partakes bitcoin to buy something will increase its price someday somehow. Also in the part of some vendors if the one they receive will decrease its value from then on. Its a benefit for those establishment if the price of bitcoin increases. How about if it does decrease? And I think its value is unpredictable. It could be an asset for someone who holds it. An investment in specific. It is at this moment an investment in general and for it to become a currency, it will take lo of years and arguments.

[Ibrahim60]

Bitcoin is both an asset and a currency. Because many people hold bitcoin for more profit. Bitcoin price increase day by day and assets price also increase day by day. In this case bitcoin is an asset. Besides many people use bitcoin for their daily requirement. In this case bitcoin is a currency. So we can easily say that bitcoin is both of an asset and a currency.

[karabasss]

Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html

This is clearly not a currency, there are no signs. The asset is more similar, people invest to get more, but not everyone is lucky. And as a currency, it must at least be regulated.

[bling-bling]

Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html

If you hold and let it grow in value, then it’s an asset. If you use it as payment for goods and services or as a medium for exchange, then it’s a currency.

[Bezobraznike]

Bitcoin can be an asset for now but bitcoin is a currency. Buying currencies for any other purpose than buying goods or services with them is speculating. Furthermore with Bitcoin, it's impossible to work out how to assign any value to them. You can get an idea of the real value to you of a physical currency by looking at what it can buy you with it in its country of origin (compared to what you can buy elsewhere with other currencies), interest rates in that country, inflation, and how rapidly the currency base is expanding compared to economic growth. With Bitcoin, how its value should be measured is anyone's guess.

 
   There are factors that give value to a currency and it is not measured by anyone`s guess, how
did you come up with that? Bitcoin can be a currency, but for now it is an asset with value that is
rising fast.
   Bitcoin can not be a currency as long as we need to wait a lot for confirming transactions and
with really high transaction fee`s, it is too expensive for me.
   I think DannaWonder that you wanted to say that Bitcoin can be an asset or currency. What is for
you or me is individual choice, for me is more an asset cause I am not spending it except when I am
investing bitcoins in alt-coins, or new projects.

[Magic Sarap]

Seems many people treat bitcoin like an asset given how much it's gone up over the last year or so. But some academics disagree with that assessment. If it is to be treated as a currency, it will need to stabilize to be of use.

https://www.cnbc.com/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html

I think it is more of a currency since the main function of Bitcoin is to be used as a digital cutrency. It is now considered as investment or asset becauae irs price from the market is continuously growing higher than any ither currencies either fiat or other digital currencies. The increase gives its users and investors profit. So that's the idea of it.

[Hypnosis00]

Bitcoin is an asset because you cannot use bitcoin as a currency because the network of bitcoin is very crowded and because of that, the speed of transactions are very slow and the fees are also high which is not a good thing to know. So bitcoin is just an asset or investment and not a currency.