Is bitcoin an asset or a currency?

[tamarindbleu]

At the moment it is an asset. To be used as a currency it has to reduce it´s volatility as well as it´s transaction fee and it has to increase it´s transaction speed. Most important though is the classification as a currency from government institutions.

Well for me, bitcon is really a currency but a lot of people in this world is adopt that bitcoin is also a great investment, that's why right now bitcoin is uses as a asset and not a currency, and also for me bitcoin is really an asset because it can gives a lot of people to make profit.

[nandamo]

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 considered it as an investment or an asset rather than currency.

[vergel24official]

Digital asset.The ecosystem may change overtime but as it currently stands, bitcoin is mainly us as gateway into the asset class dubbed Crypto currencies. Within the asset class you'll find a variety of individual currencies, assets, start-ups, business transactions , technological research experiments, scams, black market trading, basically a global economy that runs to in parallel but almost completely independent of the other ecosystem.

[Antivoid]

Bitcoin is not a currency, at least now is not, many governments have announced this and the price of bitcoin is not stable, it wave so much that it cant be a currency, only the users become too many and the price be stable can bitcoin be a currency

[olyolali]

I think bitcoin is more likely to lead to long-term assets because bitcoin proves to be a profitable money-investing place for the present and it's not impossible that bitcoin becomes currency if bitcoin prices stabilize
so for now bitcoin is an asset and yet can be said as currency

[Kadal Ijo]

I think bitcoin can be said to be an asset and a currency, we say assets because all the characteristics and types of assets are on bitcoin, more precisely a digital asset so we can easily store and move bitcoin does not even cost a lot like moving assets such as factories or other assets .

[svetochka.yakovleva.93]

Of course bitcoin was and will be an asset, I do not think that it is considered as a currency which can be paid in stores. Can only if in the distant future.

[sangungaji]

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

bitcoin is an asset and method payment. maybe in future bitcoin can to be a currency.

[reck1ess]

Basically it is both asset and currency. You can use bitcoin as a currency also the value of it is going up and down but eventually it will go up and it would turn out as a currency.

[gwestcot]

It is more of a failed attempt at a currency and now just an asset. Deflationary model is a failure just as much as an inflationary one. The key is finding a perfect harmony between the two.

[coinnoo]

Currently, depending on which country Bitcoin will be that currency or property. If in countries that agree to use Bitcoin as a trading currency, Bitcoin will be a currency, as in Japan. But in some countries that prohibit Bitcoin trading, Bitcoin is just an asset, a special commodity. When Bitcoin is recognized in many countries, Bitcoin will be seen as a more dominant currency than traditional money.

[coinnoo]

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

Your comment is very good. I agree that Bitcoin is a currency that needs approval from the government of that country. If accepted, Bitcoin must fully comply with legal requirements, it is obvious that Bitcoin will be the currency that is created, used, and circulated legally. But if Bitcoin is only done through personal transactions without government (non-taxable) government, this is a kind of asset.

[gwestcot]

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

Your comment is very good. I agree that Bitcoin is a currency that needs approval from the government of that country. If accepted, Bitcoin must fully comply with legal requirements, it is obvious that Bitcoin will be the currency that is created, used, and circulated legally. But if Bitcoin is only done through personal transactions without government (non-taxable) government, this is a kind of asset.

Well what makes it not a currency is the lack of stable valuation which is caused by a fixed supply cap and block halvings. This ensures that if there is an increase in demand there will always be an increase in price. Deflationary measures do not provide incentive to actually spending Bitcoin to purchase goods but rather to hoard and speculate. In its current format, Bitcoin will never I repeat never be a currency but rather just a speculative asset.

[unknown-user]

It is both a currency and asset at the same time. But not to mention,bitcoin is a cryptocurrency. Cryptocurrencies are digital currency in the first place so from that, the answer is obvious. But Bitcoin can also be a good investment and asset due to the continuous increase on its market price for a long run and that holding  for a period of time would yield to profit. So its characteristic of being an asset just happened and is unplanned in my opinion.

[peterpeterpeter]

I think it is both.
Why?
Asset is a thing that have a value while currency is uses for payment.
So that two thing is deserve to bitcoin. Because we all know that bitcoin is a digital currency that have a value.

[ansabv]

While it shows up Bitcoin is winning the measures war on which advanced resource will administer the day, this regardless of internecine battling, a gauges war keeps on seething on computerized resources and their utility. Thus lies the area of a lot of experimentation and esteem creation, where CME's turn to offer prospects exchanging is however one case of how virtual resources are meeting this present reality. The more customary players and crypto fans push the limits of interoperability, the more it appears Bitcoin's suggested esteem will rise. In opposition to mainstream thinking that Bitcoin and its clients flourish in the shadows, a few business people in this space, similar to Gabriel Abed, a Barbadian tech business person and fellow benefactor of Bitt, are hurrying to work with national banks. This move will help connect the mechanical gap and the requirement for authenticity, oversight and, maybe above all, interoperability between advanced resources and this present reality. As these continuing linkages are framed, it is sensible to expect the universe of low-erosion esteem exchange will make another financial request while printing a couple of Blockchain Billionaires en route.

[anamladenovic]

In my opinion , bitcoin is now considered as an asset  and investment , and  it is consider as payment method in some country. It's a very long way for bitcoin to be a currency.

[hangcay]

Most of them are probably scam but for sure some of them have potential. You can also participate in airdrops, so you can "invest" withot risking your money. I participatet in the Marinecoin Airdrop a few weeks ago Their Airdrop is still going on but they changed it a bit. You can now claim 20000 MTC every day as long as there are MTC left.I am pretty sure that it will become more profitable in the nearer future since it really has potential: a dev-less, community based coin with zero fees. It is time tested, is a machine to machine system and works with artificial intelligence. Can also become great with iot..
Join the discord group to talk about this project. : discordapp.com/invite/zpQyDu6 or telegram:  t.me/MarinecoinMTC

[Bondho Kompeni]

Bitcoin is more accurately said to be an asset, this is because almost all exchanges state that bitcoin and cryptocurrency are digital assets not digital currency, besides the reason is said the currency must have obtained approval from the state.

[Yarsk]

Bitcoin perform so many function in our financial life and bitcoin is an assets and also as a currency. Bitcoin is a digital currency and also as a mode of payments for goods and services an also an investment platform.