I think Bitcoin is great as an asset and not as a Currency.

[maydna]

I prefer bitcoin to be said as an asset, which we can keep, we buy at the lowest price and we can sell when the price is high. If bitcoin is made into currency this is really very difficult. Because not many people who lack knowledge of technology and the internet understand about bitcoin. Even buying bread, vegetables, fruits for small-scale transactions is still very far away.

That is a good point. For now, bitcoin can be an asset for us, especially for people who can't use bitcoin for their daily life. But in the future, when all governments agree about using bitcoin for offline life, we can use bitcoin as the currency. Perhaps, right now, we need to collect as many bitcoins as we can, so when the time comes, we can use them for buying something for our lives. But in some countries, people can use bitcoin to buy their daily needs in local stores, so they will have an option to use fiat or bitcoin to pay.

[mv1986]

I prefer bitcoin to be said as an asset, which we can keep, we buy at the lowest price and we can sell when the price is high. If bitcoin is made into currency this is really very difficult. Because not many people who lack knowledge of technology and the internet understand about bitcoin. Even buying bread, vegetables, fruits for small-scale transactions is still very far away.

That is a good point. For now, bitcoin can be an asset for us, especially for people who can't use bitcoin for their daily life. But in the future, when all governments agree about using bitcoin for offline life, we can use bitcoin as the currency. Perhaps, right now, we need to collect as many bitcoins as we can, so when the time comes, we can use them for buying something for our lives. But in some countries, people can use bitcoin to buy their daily needs in local stores, so they will have an option to use fiat or bitcoin to pay.

I would argue that Bitcoin is way too volatile to currently fulfill what we understand under the term unit of account. A unit of account is supposed to be unit of measurement for products and services, but Bitcoin is so volatile that you can't just say what you can get even over the course of a week for just 0.01 BTC. It is no currency yet and it is hard to tell if it will become one in my eyes. I know you could argue that as soon as someone accepts my BTC in exchange for services and products, it is a currency. But imagine you buy a car for 0.8 BTC, it requires six confirmations and Bitcoin crashes 15% during that hour, the car dealer calls you and says you have to send more. I don't know, doesn't feel like a currency in the way that most people interpret the term.

[swiftbits]

We can say it's a currency with a quality of an asset; bitcoin is more flexible than any currency on the internet.
Digitalization makes businesses operate on the internet, creates more interest, and makes bitcoin useful as a payment exchange for services and tasks.
It can generate profit by just buying a part of it. The fact that it is volatile, but Bitcoin can be traded to fiat right away.

[k@suy]

As per my learning Bitcoins is a currency and asset at same time.Bitcoin has future value and its adoption is increases globally people use it as medium of exchange.Fiat has inflation but BTC discourage inflation because its volume is defined.Fiat value decreases overtime But Bitcoin has no such issues, so you'll fair store it yourself without the ought to contribute it some place. Store of esteem is additionally an angle of cash, cash isn't basically a unit of trade.Bitcoin is future need to aware the world that BTC is global currency and asset at same time.

I guess it would be great if in future bitcoin can be used both as an asset or investment and as a currency. I know that every member of the crypto community will be delighted about it using in a supermarket or in a restaurant or in any establishments to purchase products and services. BTC for me is more valuable and worthy to used than fiat but I know that BTC cannot replace the existence of fiat that easily or even eliminate it, i know btc can be just one of the circulating currency in future but I guess this is now happening step by step and smoothly.

[sapnu]

If you would really observe how bitcoin is being used by many for the past years, you can see that it is much better as an asset. As people hold their bitcoin, they gain more profit from it which makes them buy more and patronize it more. In the near future, we might even see bitcoin doing well as an asset and as a currency as it adopts to the changes the world is going through. Innovation will take place and a lot of things would be different and bitcoin becoming a legalized currency might be one of it so just keep on focusing on your investments always.

[Renampun]

Bitcoin is really a great asset for investment purposes. But it is still not an ideal currency for all kinds of payments. Because there are still some scalability issues which hinder it from being used widely.

for me, Bitcoin is a great asset and currency...

Many people think that only those that have stable prices deserve to be called currencies. I don't think so, Bitcoin is still a currency as satoshi originally created it. but because more and more are bought, Bitcoin becomes an investment asset too.

[Tahsin Kabir Kollol]

Your thinking is reasonable because Bitcoin is great as an asset and not as a Currency. This is because when we look at the currency, we see that almost every country's currency has seen a steady decline in its purchasing power or inflation since its inception. Inflation is on the rise due to the printing of coins in addition to various needs of the government. As a result, even if the amount of money deposited with the people is right, its value is declining. The value of bitcoin, on the other hand, has been rising steadily since its inception and has become a significant exchange. So it can be said that Bitcoin is a valuable asset and it is not a currency.

[Silberman]

The original idea behind BTC was not to be used or seen as an investment strategy (asset) but a means to offer financial freedom from governments interference. But because of its highly volatile nature, many found a way to make money from HODLing it over a time frame thus its use was made broader by popular demand.

To whichever way you use BTC either as an asset or a currency to get things depends totally on you, but a greater percentage of individuals have turned BTC into an investment strategy, many even now compare and prefer it to gold.

While that was the idea behind bitcoin we know that things once released to the world will develop their own dynamics and in fact in one of the first comments ever made about bitcoin people realized that something like this if successful would be worth millions, I think it was Hal Finney which said that bitcoin could be worth 10 millions and that was back then when bitcoin was just starting out so bitcoin being used as an asset was a natural development that was unavoidable.

[Dread Pirate Roberts]

Hello everyone so first thing I believe in crypto and it is one of the best thing and de-fi is a revolutionary idea and I really love it. So everyone including me thought Bitcoin should be used as currency but after a period of time I realised something and I am just sharing with y’all to know if you all agree with me or not.
See I am just sharing my thoughts and want your opinion on this that do you agree with me or not.[/b]

I agree with you . bitcoin today is more like a very valuable asset in the future. this does not mean bitcoin will fail in the future. it will make bitcoin an expensive investment asset compared to others. lets assume 1 million each coin I think is very possible. when reach that price fee tx will going more crazy and no way people using it as payment. this just my assumption. no one know what new tech in future to cover all fee.

[rosebrand]

Well actually i could say bitcoin is better used as an asset and also a currency, as an asset due to it's volatile price it has become profitable to investors buying low and selling high which has in return fetched a good profit and as a currency it could be used to send money across country without stress, so i think bitcoin can be better used as an alternative currency and also an asset as well. We shouldn't always think bitcoin will replace fiat, it seems somehow impossible.

[tiCeR]

Hello everyone so first thing I believe in crypto and it is one of the best thing and de-fi is a revolutionary idea and I really love it. So everyone including me thought Bitcoin should be used as currency but after a period of time I realised something and I am just sharing with y’all to know if you all agree with me or not.
See I am just sharing my thoughts and want your opinion on this that do you agree with me or not.[/b]

I agree with you . bitcoin today is more like a very valuable asset in the future. this does not mean bitcoin will fail in the future. it will make bitcoin an expensive investment asset compared to others. lets assume 1 million each coin I think is very possible. when reach that price fee tx will going more crazy and no way people using it as payment. this just my assumption. no one know what new tech in future to cover all fee.

When you invest in something it doesn't matter what its costs are today. What you ask yourself is whether you think it can go X% up or down (short) from there or not. Even if Bitcoin is worth a million, it will most likely stay a volatile asset forever. How long has gold been around and it is still anything but stable. It can fall by 30% in a year certainly, it can go up by the same amount. That's why I think calling Bitcoin the digital gold is the best way to put it.

[DoublerHunter]

Well actually i could say bitcoin is better used as an asset and also a currency, as an asset due to it's volatile price it has become profitable to investors buying low and selling high which has in return fetched a good profit and as a currency it could be used to send money across country without stress, so i think bitcoin can be better used as an alternative currency and also an asset as well. We shouldn't always think bitcoin will replace fiat, it seems somehow impossible.

^ Both are good and no one will argue with that matter. Some people think that BTC is just a safe haven asset, if you can wait for a perfect time of selling, good for you because getting profit on BTC is very easy than spending it elsewhere. I also rather hold my BTC to seek gain in the future, but if I have no choice, I also can use my BTC in an emergency situation but using it as a regular usage, that will never happen. However, BTC was created for the alternative currency, probably in the future, this is the main use by most people and I hope that time the transaction fee will reduce too.

[Stedsm]

I've read too many posts about a country declaring BTC as a legal tender. I don't understand how can a highly volatile "speculative asset" with no fixed value be used as a legal tender. I too understood in the very early days of BTC and crypto that BTC can't be used as a currency because it fluctuates in value and the fluctuations can also be dangerous sometimes which can lead to immediate losses to businesses who may not sell but hold BTC.

[mv1986]

I've read too many posts about a country declaring BTC as a legal tender. I don't understand how can a highly volatile "speculative asset" with no fixed value be used as a legal tender. I too understood in the very early days of BTC and crypto that BTC can't be used as a currency because it fluctuates in value and the fluctuations can also be dangerous sometimes which can lead to immediate losses to businesses who may not sell but hold BTC.

Well, maybe they also offer tax incentives for companies that involve cryptocurrencies or they offer anything else that is favorable for institutions and people who are dealing with cryptocurrencies. Perhaps you can set up a legal entity there that has some yet unknown to me benefits.

Other than that I also don't have any reasonable explanations at this point in time. Ultimately it doesn't hurt us crypto enthusiasts.

[verita1]

I am thinking, imagining myself to be a merchant who is accepting crypto assets in one of these countries in Latin America that will begin to accept cryptocurrencies in his commercial establishment.

First, the risks of volatility are my own, as are the risks we all take.
I have the option of exchanging (bitcoin, ether, shiba, etc) any percentage to fiat for my business expenses, I can exchange a percentage in stablecoins or any other cryptocurrency.
With the bitcoin received for my merchandise I hold it to open another branch as a long-term investment.
The adoption of cryptocurrencies is freedom.

[Asuspawer09]

I kinda agree with that where bitcoin is an asset or just an invesment and not really suitable to be a currency.

First thing is the volatility in the market price, i mean you cant really make something like bitcoin which is constantly changing its market price since in changes its value, like theres a pump and dump time.

Also with the old technology or bitcoin where it is made the transaction speed which is 3 ttansaction every second is not gonna be enough to be used as a currency, it is going to be a problem for sure if every people started using bitcoin as a currency.

[tiCeR]

I kinda agree with that where bitcoin is an asset or just an invesment and not really suitable to be a currency.

First thing is the volatility in the market price, i mean you cant really make something like bitcoin which is constantly changing its market price since in changes its value, like theres a pump and dump time.

Also with the old technology or bitcoin where it is made the transaction speed which is 3 ttansaction every second is not gonna be enough to be used as a currency, it is going to be a problem for sure if every people started using bitcoin as a currency.

The issue concerning transaction throughput could certainly be solved. What can't be solved as quickly is the volatility and that is a problem for those who would like to see Bitcoin become a viable currency. If ever Bitcoin develops a certain relation to a basket of goods that would allow for Bitcoin to be categorized as a unit of account and a medium of exchange, we are most likely decades away from that.

[Kong Hey Pakboy]

This is probably true for now given that bitcoin is pretty volatile and you don't want to spend on small things and then the next day, you will see that the prices has gone up and you just paid more for the item that you've bought yesterday.

[Mituletr]

Bitcoin can be used as an asset and currency. It is a store of value asset with currency attributes. Due to the high volatility of Bitcoin's price, it cannot become a widely used payment method in daily life. It is not widely accepted as a currency in daily life, but is used more for speculation. So most people don't use Bitcoin as currency, but as an asset. Therefore, people are more inclined to regard it as an asset, long-term purchase and ownership. The higher value and volatility of Bitcoin will lead to higher profits. As an asset or investment, it is indeed very profitable.

[jatin729]

Yes, exactly it is an asset. we can't deny that. Assets always want to be HODL for long time rather than sell intra day. Lets take an example of Gold. It is an asset and people usually buy and hold it for better return. same case implies in bitcoin as well. if you see the growth of the bitcoin for past 3 years, you will astonished to see the graphs.