Is bitcoin an asset or a currency?

[danjonbit]

I say it is booth, we work hard do hard in cryptoworld for us to have huge amount of bitcoin and that makes it an asset also its high value make it as an important asset, but as you all know, bitcoin now is used on some transactions in the market so probably it will include on the meaning of a currency!

[cryptothief]

In my opinion it is currently both, not really functioning as a currency at the moment, but once the price stabilises (more than likely a few years down the line), then it will be more useful as a currency. For the moment - read at least the next few years with the fluctuation in value and therefore unpredictability for the purchase of products/services - it will be seen more as an asset to hold and gain value. I still see the value in using it for the purchase of high price items, e.g. property, cars etc. There are other currencies which will be more useful for everyday purchases, both now and in the future, even with the fractions available. The doubt surrounding it in the mass market means it will be a while before it gets fully accepted as a currency, but no doubt that it has established value already.

[DoublerHunter]

I think bitcoin is an asset and does not match currency, a growing value would be nice if we had bitcoin, and I hope that bitcoin value this year could reach $ 50k so the assets I keep in bitcoin make me successful and rich.

A lot of people are considering bitcoin as an asset because they are being profitable in the long run. Although I think we can still use bitcoin as both, currency and as an asset. One of the good thing about bitcoin as a currency is that it has fast transactions and you can send it around the world. No need to fill up different kind of forms all you need is an address. But it really depends upon the person how he/she is going to use bitcoin.

It will only become currency if we can use bitcoin just like the regular fiat money and use it on a daily basis but it is not happening right now and the only possible thing with bitcoin is to become an asset that we can invest our money and hold it for long term investment and generate huge profits with it which is what we want for our money.

[bigblackdeck45]

Well bitcoin was made to be a decentralized currency but most of the people are using it as an asset to earn money out of it. But I think bitcoin will go back to its original purpose that is being used as a currency rather than being treated as an asset.

[shezu007]

Many individuals are thinking about bitcoin as a benefit since they are being gainful over the long haul. In spite of the fact that I figure we can at present utilize bitcoin as both, money and as an advantage. One of the fortunate thing about bitcoin as a money is that it has quick exchanges and you can send it around the globe. No compelling reason to top off various sort of structures all you require is an address. Be that as it may, it truly relies on the individual how he/she will utilize bitcoin.

[squrpan]

I myself said to place more bitcoin to invest is not a tool to Transact buy and sell goods. because of the unstable price can go up and down in a short time.

[cryptoislove]

bitcoin is a currency because it can be used as mode of payment and many other transactions and when you invest in bitcoin you will earn more profit in the future that makes bitcoin an asset.

[Bushrat Jahan]

Bitcoin is consider as both asset and currency. Bitcoin can be used as mode of payment and make any other transactions then BTC is consider as currency. But when BTC investment can make you profitable thn BTC is consider as asset.

[captin crunch]

I think it is more likely asset, but in several years the definition of the currency itself will alter, so it might turn into currency.

[Twinscoin2017]

I think it is more likely asset, but in several years the definition of the currency itself will alter, so it might turn into currency.

I believe that bitcoin is really both asset and a currency becaus bitcoin is really a good asset of gaining process, it is a digital crypto currency that is really a helpful asset of gaining process, and we already known that bitcoin is really profitable asset of gaining, bitcoin is really amazing it can really give as a huge amount of profit.

[Bdstar]

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

For me, Bitcoin is both an assent along with a currency for payment purpose. you know that every currency has both specialties. it depends on you how to treat this currency. when you want to save your currency then it will be an asset for a time period and when you want to pay to another person then it calls as a currency. this issue is simple... And Bitcoin is also like this. But Bitcoin is a valuable asset for me for the future purpose.

[giogio0504]

It is specific type of currency different from fiat money.

[spaso_87]

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.c[Suspicious link removed]m/2017/10/24/nyus-dean-of-valuation-says-bitcoin-is-a-currency.html

Actually, Bitcoin is also suitable as a currency. But because of the changing value of Bitcoin in such a short time, it becomes very difficult to make Bitcoin a currency. Maybe if the Bitcoin price is stable Bitcoin certainly can be used as a currency even as the most valuable investment assets.

[bestpikka]

my own opinion that bitcoin can be used as a tool for long term investment but uncertain bitcoin price ups and downs because of the relative price of the bitcoin not. and I think this is good for the development of the bitcoin in future.

[octopus]

I do not know but i think at this moment many people treat BTC as kind of asset to invest like stock. but in the future, when the market is more stable, BTC will become the official currency of the world

[RDNX]

From now on, I can say Bitcoin is more likely an asset rather than currency.
Bitcoin as a currency is too many fees for me

[tramadols]

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

there's a lot of debate for everything that's concerned with crypto and bitcoin. I do not care though a lot of research that says negatively about bitcoin and crypto. I think someone should be involved first before he actually assesses it. so, I will not be affected by rumors from people outside of crypto.

[milandres0207]

For me it is both asset and currency,because as we search about the meaning of bitcoin,it is a digital currency which we can use to buy online products if we don't sell it. An asset also because all things with value is we can say an asset,and bitcoin has a value and we can say that it is. No matter what is bitcoin we are happy that it has a big help to us to earn money.

[Blackhammer321]

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 this question do have different answers on two different person, trader and investor, well obviously the bitcoin is such a great thing to have as an investor because it has a high value on the market which made it as an asset but not to trader as they used it as a currency to buy different coins or altcoins, they pay fees using bitcoin which made bitcoin as an currency.

[Redhead5]

For me bitcoin can be both asset and currency. Because many people in this world strive hard to obtain bitcoin (crytocurrency) that they can stored in their wallet. When the right time comes they will trading it, and surely it will become and asset if this will be manage properly and successfully.