Is bitcoin an asset or a currency?

[Rinzo]

bitcoin is both an asset and currency. if you have it in your wallet, it is an asset because of the value. it becomes a currency when you use online to buy stuffs or when you sell it and you get a generally accepted currency which can be used to acquire an asset or for payment

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[brightology]

bitcoin is a digital currency that is pefectly working online, which we called online money investment, where people saved it as an asset, because it appreciate in values, and the other way round bitcoin is money, because at the end point it need to be converted to cash for our daily need.

[Argoo]

It doesn't matter what people treat Bitcoin as, what academics think, and what needs to happen to be treated in a certain way.
This is the whitepaper:
Bitcoin: A Peer-to-Peer Electronic Cash System
https://bitcoin.org/bitcoin.pdf

There's nothing else that needs to be said. This is irrefutable evidence that Bitcoin is a currency.
We don't need NYU's 'dean of valuation' to say that it is, we already know.

Interesting logic of your reasoning. Bitcoin is an electronic money system of the peer-to-peer network. There is no doubt about this. However, this conclusion does not come up at all from the conclusion that bitcoin is a currency. The fact is that not every money is a currency. Currency is money that is used by states for international financial settlements. Bitcoin is not yet a currency. In principle, we now do not really care who thinks bitcoin. While it is very important for us that bitcoin was recognized in most states as a legitimate means of payment.

[shawn995]

Intriguing rationale of your thinking. Bitcoin is an electronic cash arrangement of the shared system. There is no uncertainty about this. In any case, this conclusion does not come up at all from the determination that bitcoin is a money. The truth of the matter is that only one out of every odd cash is a money. Cash is cash that is utilized by states for worldwide budgetary settlements. Bitcoin isn't yet a cash. On a fundamental level, we now don't generally mind who thinks bitcoin. While it is imperative for us that bitcoin was perceived in many states as a real methods for installment.

[Spaffin]

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 consider bitcoin as a currency or an asset, bitcoin is most suitable for determining the currency. Bitcoin is an electronic monetary system of a peer-to-peer network. On the other hand, dictionaries tell us that a currency is any monetary unit of any state that is used as a means of payment. Bitcoin and other crypto currency are now used by many as a means of payment. Therefore, it must be considered a currency.

[rokergila01]

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

CEO of Bitcoin: Bitcoin is a Digital Asset, Not a Currency.

[pekcoin01]

Bitcoin for me is just aiming to make money. I do not think it's going to be a common currency. They will not allow it.
It can not be a precious metal like gold, diamond, silver.
I think human-made products can not hold much in the market.

[gwestcot]

It doesn't matter what people treat Bitcoin as, what academics think, and what needs to happen to be treated in a certain way.
This is the whitepaper:
Bitcoin: A Peer-to-Peer Electronic Cash System
https://bitcoin.org/bitcoin.pdf

There's nothing else that needs to be said. This is irrefutable evidence that Bitcoin is a currency.
We don't need NYU's 'dean of valuation' to say that it is, we already know.

Interesting logic of your reasoning. Bitcoin is an electronic money system of the peer-to-peer network. There is no doubt about this. However, this conclusion does not come up at all from the conclusion that bitcoin is a currency. The fact is that not every money is a currency. Currency is money that is used by states for international financial settlements. Bitcoin is not yet a currency. In principle, we now do not really care who thinks bitcoin. While it is very important for us that bitcoin was recognized in most states as a legitimate means of payment.

Well there is a HUGE difference between money and a currency. Money actually holds intrinsic value and thus only gold and to a lesser degree silver is really money. But Bitcoin, if it is a currency, is one of the worst around due to their being huge shifts on the demand curve also followed by inevitable shifts on the supply curve due to block halvings. This gives us hyper-deflation which is just as damaging to an economy as hyper-inflation. It is basically a knee jerk reaction in the opposite direction. I love the other things crypto is good it is not really good or reliable in maintaining any sort of value due to no price mechanisms being in place. The halving schedule is far far too rigid in nature.

[Hinugh]

As far as I know, bitcoin is now considered as an asset and a payment method in some country. It's a very long way for bitcoin to be a currency.

It will depend on us on how we treat bitcoin.  If we use bitcoin to earn money or gain profit we treat as an asset. We use bitcoin for payment transaction we think it is a currency. So we heard lots of opinion yet our own decision is more. important .

[akmittal]

Bitcoin is an asset not a currency. Because currency need approval of government and there should be the base of valuation of currency which Bitcoin does not have. In future Bitcoin may be currency.

[yhnshjka]

I think Bitcoin is a currency and an asset. We can use Bitcoin to buy some everyday items. We can use Bitcoin to buy a car to buy a house. Bitcoin is also a good investment asset. Bitcoin rose by 700% in 2017. Bitcoin is a perfect currency and asset.

[longwintershere]

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

the aim is to make bitcoin a currency, but the truth is that it's not being used a currency right now. It's being used as an asset for investment purposes mostly....

[xhoondilan]

I think its both. Because Bitcoin can be a currency or also an asset especially when investing to bitcoin, so bitcoin has many function that depends on the people who are using it.

[hadventrankbu]

Marinecoin is one of the most promising projects.   The ICO only requires you to do proof of promotion to be part of the awesome mtc ccommunity. Marinecoin is a self sustaining, zero fees, dev-less time dilution technology which has been tested over time and has stood the the tests of time.It is a free event. 20000 MTC for each member participating in the community and promoting Marinecoin to people around the world. They all think to the community and are very safe when no one has to put their money into buying an ICO.Marinecoin has developed a unique wallet for MTC owners to keep it. You can use your wallet online or wallet on your computer. If you use wallet, you can download it on Windows, MAC. avoiding the risk for everyone.  This is a first a self sustaining community. Future looks bright for Marinecoin marineco.in  . 2018 is going to be a very exciting year for cryptocurrency  One of the big and upcoming coins is MTC. heir goal is to create a blockchain that is five times faster than Bitcoin. MTC is the ticker for marinecoin. And then javis AI  will analyse the applications for proof of promotion to make sure only genuine applicants receive the ico Marinecoin dates back to 2014 but the cryptocurrency world was not ready for it yet and the crypto market overall was stagnant.Marinecoin ecosystem is designed to be able to protect itself.it is a fair crypto coin that will be handed out evenly among paricipants of the ICO to give it true value. Marinecoin is the crypto currenncy of the future where javis artificial intelligence  will set the standard for all crypto currenncy.   Marinecoin is dev-less artificial intelligence cryptocurrency that has low fees and eco-friendly.

[Chopmoney]

Well I’ll consider bitcoin as an investment or asset and not a currency of its own

[gwestcot]

Marinecoin is one of the most promising projects.   The ICO only requires you to do proof of promotion to be part of the awesome mtc ccommunity. Marinecoin is a self sustaining, zero fees, dev-less time dilution technology which has been tested over time and has stood the the tests of time.It is a free event. 20000 MTC for each member participating in the community and promoting Marinecoin to people around the world. They all think to the community and are very safe when no one has to put their money into buying an ICO.Marinecoin has developed a unique wallet for MTC owners to keep it. You can use your wallet online or wallet on your computer. If you use wallet, you can download it on Windows, MAC. avoiding the risk for everyone.  This is a first a self sustaining community. Future looks bright for Marinecoin marineco.in  . 2018 is going to be a very exciting year for cryptocurrency  One of the big and upcoming coins is MTC. heir goal is to create a blockchain that is five times faster than Bitcoin. MTC is the ticker for marinecoin. And then javis AI  will analyse the applications for proof of promotion to make sure only genuine applicants receive the ico Marinecoin dates back to 2014 but the cryptocurrency world was not ready for it yet and the crypto market overall was stagnant.Marinecoin ecosystem is designed to be able to protect itself.it is a fair crypto coin that will be handed out evenly among paricipants of the ICO to give it true value. Marinecoin is the crypto currenncy of the future where javis artificial intelligence  will set the standard for all crypto currenncy.   Marinecoin is dev-less artificial intelligence cryptocurrency that has low fees and eco-friendly.

There are so many Marinecoin shills in so many different threads...

[BETAWI]

People have different opinion and comment regarding bitcoin, an asset or a currency. Let us say that bitcoin is a digital asset or digital currency. We all  agree and understand that bitcoin has no underline asset to support it's value or price. Bitcoin can be used as investment instrument  to get extra money in the future. That is why people treated it as digital asset but it is also can be used to buy or pay something in daily transaction.Here bitcoin takes function as currency.

[andylioe78]

In the long run bitcoin is considered an asset because the level that appreciates is so positive that in the near future it will be a huge asset for those holding Bitcoin. There is no doubt Bitcoin is the currency (cryptocurrency) thing that we are beginning to use now is in our daily life.

[esjsr]

Bitcoin should be an asset. Bitcoin cannot be used as a currency for the time being, because the price fluctuates too much. I think very few people are willing to use bitcoin as currency.
If Bitcoin is stable, I think it can be used as a currency.

[Ankhesenamun]

Who cares what scientists say. They have a lot to say, and then it turns out to be different. Cryptocurrencies behave unpredictably and this is their peculiarity.