Is bitcoin an investment or is a currency ?

[zolace]

I want to know how people see bitcoin,you bought it as an investment or you bought it so you can using to buy stuff/services?
IRS says that bitcoin is an property/investment,and they are wright in a way,because most people who have bitcoins they just keep it to see what happens with the value,mostly sell it if it has a high value or buy more if it has a low value.Bitcoin wasn\t made to be an investment,bitcoin is a currency, and as any currency it must flow,we  have to start using as we use the dollar,to buy products,services.
Why to pay my dinner in a restaurant with dollar when i can pay it with bitcoins!

[blacksails]

It depends on why you bought it and if you use it to pay for stuff.

[crocko]

maybe you want to see this : https://www.youtube.com/watch?v=fvqkQvOWgeo

[blacksails]

maybe you want to see this : https://www.youtube.com/watch?v=fvqkQvOWgeo

What does it have to do with his post?

[alfabitcoin]

I want to know how people see bitcoin,you bought it as an investment or you bought it so you can using to buy stuff/services?
IRS says that bitcoin is an property/investment,and they are wright in a way,because most people who have bitcoins they just keep it to see what happens with the value,mostly sell it if it has a high value or buy more if it has a low value.Bitcoin wasn\t made to be an investment,bitcoin is a currency, and as any currency it must flow,we  have to start using as we use the dollar,to buy products,services.
Why to pay my dinner in a restaurant with dollar when i can pay it with bitcoins!

That is a good question. Imo its currency meant to pay for goods and services. Its not a comodity, there is no uses of bitcoin as other convencianal comodity.
All this " investment idea" came after huge price increase after bitcoin become known to the world and price rose lead to pump price up. Imo, bitcoin should be used primary as currency and eventual profit from positive price change should be something aside and to be speculative nature and not taxed.

[precrime3]

I want to know how people see bitcoin,you bought it as an investment or you bought it so you can using to buy stuff/services?
IRS says that bitcoin is an property/investment,and they are wright in a way,because most people who have bitcoins they just keep it to see what happens with the value,mostly sell it if it has a high value or buy more if it has a low value.Bitcoin wasn\t made to be an investment,bitcoin is a currency, and as any currency it must flow,we  have to start using as we use the dollar,to buy products,services.
Why to pay my dinner in a restaurant with dollar when i can pay it with bitcoins!

Its designed to be a currency, but with it being new and the state of it (deflationary making it harder to mine and no way to make more as time progresses) I think that it will go up, so some people may consider it an investment. Its really just a mix of a currency, investment, and a commodity.

[zolace]

I am just trying to say that if we use bitcoin in stand of any other currency to buy stuff/products/food/services;restaurants,stores,company etc will kinda be forced to adopt bitcoin.

[mintodev]

It is multipurpose . It can be investment and also for buying services/goods/other stuff.

[precrime3]

I am just trying to say that if we use bitcoin in stand of any other currency to buy stuff/products/food/services;restaurants,stores,company etc will kinda be forced to adopt bitcoin.

Well yeah. Like how in an election, if people write in a person they "will kinda" be forced to adopt that said person. The trouble is getting enough people to do it.

[lynn_402]

It's versatile and works equally well for both
Just like gold used to, before it became irrelevant to the digital age.

[ryanmnercer]

Yes.

[alfabitcoin]

It's versatile and works equally well for both
Just like gold used to, before it became irrelevant to the digital age.

There is a big difference between gold and digital currency. Gold is used by industry and in wide variaty of products. It will always have a value. Digital currency do not have any use as ordinary comodity and it will worth depended on people interess and what they are willing to pay for.

[cbeast]

If your optics are limited to this false dilemma, then it's your choice which to believe. Most people choose an argument from authority to decide for them. Or you can choose to accept the new paradigm.

[bryant.coleman]

For me, it is both.

At least during the initial phase, the Bitcoin will be used more as an investment. And don't get me wrong. People even stockpile bundles of USD or EUR, hoping that their exchange rate will improve in the near future. Same with BTC.

As time progresses, the use as a currency will gain momentum.

[Bitcoin Magazine]

the 42% quantum hash 50% attack is real folks (and it's happenining   )

[seafarer124]

Who cares what it is, as long as it has the desired effect.

[lynn_402]

the 42% quantum hash 50% attack is real folks (and it's happenining   )

You're delusional. The recent spike in hashpower is from the release of the Antminer S2 in China, and all the other clones that are produced there at the moment.

For me, it is both.

At least during the initial phase, the Bitcoin will be used more as an investment. And don't get me wrong. People even stockpile bundles of USD or EUR, hoping that their exchange rate will improve in the near future. Same with BTC.

As time progresses, the use as a currency will gain momentum.

That seems quite silly, considering inflation. Hopefully a good number of them will see Bitcoin's potential

[Bit_Happy]

Bitcoin is a currency.
If you do not agree, perhaps you are allowing the Gov to create your reality.
Bitcoin is an investment if you want it to be.

[jbrnt]

It is both.

Bitcoin by definition is a currency. You can use it for payment of goods and services. However, it is not sovereign currency because it is not a currency of any nation. It is obviously also an investment, people speculate on its value and expects return form it.

[jbrnt]

If you bought bitcoin yesterday night to buy somehting today once you wake up, you already lost 15% of purchase power. That's not a currency.

Loosing purchasing power does not prove it is not a currency. What you described happens to global currencies all the time, through inflation and devaluation.