Do you consider bitcoin as a currency or as a digital investment asset

[boyptc]

Lately I have been thinking……..what do people nowadays consider bitcoin to be: as a digital asset for storing value and investment or as a currency which was the initial purpose of its creation.

I did a bit research and found out that the perception of bitcoin vary among different individuals.some consider bitcoin as an investment asset, other consider it as a currency and some people consider it as a revolutionary financial tool.
The majority of people consider bitcoin as an investment asset and they Hodl their coins for a long run. The other who consider it a currency keep it for their transactions and some business also accept Bitcoin as a means of payment.

Your research is correct.

What the majority does with their Bitcoins is to hold it and treats it as an asset. Because we all know that it's value will be greater in the future and the moment that it has reached $100k.

It gave an idea that it could go for more.

Open thread: What is your type of perception about bitcoin; do you consider it as a currency or as an investment asset or both?

No need to be confused, it's both.

[Smack That Ace]

Honestly, I consider it an investment, I have never used it nor intend to use it as a currency even though that was its original purpose.
To me, an asset that is scarce and increases in value over time like bitcoin. Spending it is a waste, instead we should utilize its full potential to create greater benefits.

Overall, bitcoin is a multi-functional asset and its use depends on each person's needs. We don't care what other people use it for, we only care about ourselves.

[dumpsterhawk]

Why either or? I consider it both. Most of mine is stashed away as an investment asset, and rest is used as a currency when I feel like using crypto. Notably it would be stupid to do your grocery shopping with Bitcoin right now, use it where it gives you an advantage of some sort over other methods of online payment.

The fact that the value change (positevely) over the time is also the sign that this is a strong medium and not only a currency.

Almost all currencies change their value a lot, so this is not a point that disproves Bitcoin's status as a currency.

To me, an asset that is scarce and increases in value over time like bitcoin. Spending it is a waste, instead we should utilize its full potential to create greater benefits.

If you spend some, just buy more. That is an easy solution to what you wrote.

[qwertyup23]

I see it BOTH as a digital investment and as a currency.

The reason on why I view it as a digital investment is because of its store of value. Given its high price and volatility, it is the perfect investment either for short or long-term depending on the goal of the investor. Be cautious, however, that most day traders have fallen short of profiting because of its high volatility.

The reason on why I view it as a currency is because of its multiple uses as payment to services or products. Most people have already used cryptocurrencies for their transactions while also taking advantage of its anonymity.

[Jubilee58]

Bitcoin has so many use cases and it all depends on what some is using it for .To me , I see bitcoin as an investment asset, this is because it appreciates in value over time , and investing in it can grant someone financial stability.Different people with different notion about bitcoin and some people see it as a store of value while some uses it to make  transactions. So, bitcoin is a cryptocurrency with multipurpose usage.Bitcoin is created to be scarce in nature with time and because of the growth potential of bitcoin,  both individuals and institutions are investing in it for the purpose of financial growth.

[SmartGold01]

Lot of topics has been created in respect to this, and to be sincere before creating topic we should be able to make use of the search options to see whether we have similar topics created. However, Bitcoin can be used for all you have mentioned depending on individuals, as I know in the forum here it's mostly used as a payment tools where people get paid for signature campaign. Others uses it as an investment tools while some uses it as a store of value is just depends on what you wish at using it.

[Awaklara]

Open thread: What is your type of perception about bitcoin; do you consider it as a currency or as an investment asset or both?

For me, Bitcoin is still an investment asset. We are certainly aware and know the original purpose of the creation of Bitcoin as a digital currency. Unfortunately, regulations and their acceptance as a currency for payment tools are still limited.
In some countries that legalize the use of Bitcoin for transactions instead of fiat, it is certainly not a problem. But there are still many countries that prohibit its use.
We can still own and hold our Bitcoin as an investment. Its value continues to increase and provides profit. Who knows, in the future, we may really see Bitcoin being used globally for transactions legally.

[Zanab247]

Open thread: What is your type of perception about bitcoin; do you consider it as a currency or as an investment asset or both?

I consider BTC as a decentralized currency that is not under the government control and it pump and dumb through the power of demand and supply in the market. The founder of BTC created BTC to eliminate delay in local and global transaction which is what is making people to show interest in BTC, because they can use it as form of currency to buy goods and services locally and internationally.

If you consider it as decentralized investment show that you are using it correctly, because you can save money you can afford to lose in BTC and hope for financial increase in the nearest future because people earn profit from BTC through bull market, which is the purpose of hodling BTC for short time and long time. Taking BTC as an investment is not bad when you know how to create solid wallet like electrum to hodl for long years before you can trade in the market to earn profits.

[SOKO-DEKE]

Based on my observation, most people consider Bitcoin as a digital investment. In fact, it is because they consider it an investment that they have adopted Bitcoin. But it is not that they don't also see it as a currency but their main purpose for adopting Bitcoin is because they view it as a asset.This kind of people may not like to spend their Bitcoin unless they have no other option for a transaction Only then will they use their Bitcoin.

As for me, I consider it has both digital currency and  digital investment. But for now, since Bitcoin is not legal tender in my country, I hardly ever transact with it. For that reason, my primary aim for holding Bitcoin is because I consider it an investment  not because I see it as a currency.

[Bastketsrus]

Have you tried typing what is Bitcoin in a search engine online? The answer will be digital currency to be precise but while going deep you will find more use case, e.g.

1. Decentralisation
2. Store of value.
3. No extra printing like money (Limited in supply)

Now it's left for you to pick a side as to what you really need Bitcoin for, use it to your liking, many have comfort in using Bitcoin to make payments online like using credit cards and I do that too but store of value is more interesting to me than anything else.

If you want to know what bitcoin is and to get the most accurate answer, you should read its white paper, not search for answers online.

But OP's question is what do people today perceive and consider bitcoin to be, a currency or an investment? And if we're being honest, it's clear that the majority of people, including you and me, just see and use it as an investment more than any other use case. We have turned bitcoin into a digital asset for storing value and investing, rather than using it for the purpose Satoshi originally created it for.

Yeah, that’s true. Most people treat Bitcoin more like an asset than a currency these days. The whitepaper shows the original vision, but in practice it evolved into a store of value first, payments second. It might shift again as tech and adoption grow.

[kotajikikox]

I did a bit research and found out that the perception of bitcoin vary among different individuals.some consider bitcoin as an investment asset, other consider it as a currency and some people consider it as a revolutionary financial tool.
The majority of people consider bitcoin as an investment asset and they Hodl their coins for a long run. The other who consider it a currency keep it for their transactions and some business also accept Bitcoin as a means of payment.

Mind sharing to us this research you made so that we can all verify its credibility? We need to know the demographic because it might be different right depending on the location and their age and etc. I do not know if there is a concise conclusion.

Open thread: What is your type of perception about bitcoin; do you consider it as a currency or as an investment asset or both?

I do think that we can think of it as both. I can both use it sometimes for some transactions but mainly use it to prepare for the future by using it as my investment.

[Agbamoni]

I consider Bitcoin to be both a digital currency and an asset for investment.

What you do with your Bitcoins will determine what you see it to be. I make payments with Bitcoin, gamble with Bitcoin, invest with it. Except from mining bitcoins, interact with the network every week.

[BTCETFInvestor]

Lately I have been thinking……..what do people nowadays consider bitcoin to be: as a digital asset for storing value and investment or as a currency which was the initial purpose of its creation.

I did a bit research and found out that the perception of bitcoin vary among different individuals.some consider bitcoin as an investment asset, other consider it as a currency and some people consider it as a revolutionary financial tool.
The majority of people consider bitcoin as an investment asset and they Hodl their coins for a long run. The other who consider it a currency keep it for their transactions and some business also accept Bitcoin as a means of payment.



Open thread: What is your type of perception about bitcoin; do you consider it as a currency or as an investment asset or both?

In my case I consider Bitcoin strictly to be a digital asset investment - and very much a worthwhile investment.

I have elected to only invest in the Bitcoin's future price by owning shares of spot Bitcoin ETF (exchange traded-funds) that parallel tracks the price of Bitcoin nicely. Buying x amount of spot Bitcoin ETF shares equals x amount of a whole BTC - exampled with Fidelity's FBTC 1,140 Shares at its current price of $97.36/Sh equals the equivalent of 1BTC at Bitcoin's current price of $111,000 and with Blackrock's IBIT 1,750 Shares at its current price of $63.42/Sh equals the equivalent of 1BTC.  

This parallel tracking of Bitcoin's price by owning shares of spot Bitcoin ETFs makes it easy for investors to benefit from Bitcoin's expected future price - and it is done easily with a regular brokerage account and enough money to buy one share of the ETF. You can buy as little as 1 share equal to a tiny fraction of a Bitcoin or they can buy many thousands of shares equal to multiple Bitcoins.  What's so nice is, the custody of the Bitcoins that cover investor's shares are fully protected and securely taken care by the spot Bitcoin ETF providers - both Fidelity and Blackrock are multi-trillion dollar global financial firms with strict regulatory requirements.  

I do not want to deal with self-custody wallets, private keys, recovery seed phrase words or any of that mess.          

I have no interest in ever owning and using Bitcoin as a currency, therefore I have no plan or desire to ever accumulate Bitcoin that requires self-custody.  

[Odogwu-Blockchain]

Cryptocurrency in general has this one characteristics of finding what makes is more demandable, where there are use cases, there the need for using Bitcoin as a form of cross border transactions comes into play which actually causes it to be more valuable because demand brings values creating increase in price.

Initially the tension of having Bitcoin for store of value wasn't clear, as it's main purpose was for transactions, but as the price keeps increasing with many testimonies from different users, the need for store of value increases than before.

[finaleshot2016]

IMO, whatever the utility is, I'm in favor with it even it's for currency or digital investment asset because at the end of the day, there are different kinds of people, and they adapt because they want to use it depends on their needs. So, if it's a currency then go and if they're considering it as an investment asset, it's also good too. There are bunch of utilities for a single asset, it'll be always dependent to the user and the good thing here is, it gives a lot of opportunity.

For me, as long as it gives more value and function to bitcoin, it's fine with me. As long as it gives the people comfort on using it and serve its purpose, it's already approved for me.

[goldkingcoiner]

Lately I have been thinking……..what do people nowadays consider bitcoin to be: as a digital asset for storing value and investment or as a currency which was the initial purpose of its creation.

I did a bit research and found out that the perception of bitcoin vary among different individuals.some consider bitcoin as an investment asset, other consider it as a currency and some people consider it as a revolutionary financial tool.
The majority of people consider bitcoin as an investment asset and they Hodl their coins for a long run. The other who consider it a currency keep it for their transactions and some business also accept Bitcoin as a means of payment.



Open thread: What is your type of perception about bitcoin; do you consider it as a currency or as an investment asset or both?

Both.

How can you consider something a currency without also considering it as an investment? If you hold all your money in the bank as a fiat like dollars, are you not invested in dollars?

Everything fluctuates in value in our world, so basically anything and everything can be considered an investment. Technically, anything can be a currency but some currencies work better than others.

Bitcoin is a better currency than fiat, therefore I choose to be invested in Bitcoin.

[leonair]

I think of Bitcoin in both ways. It is a currency, but its price always fluctuates, so you can make good profits by investing here, so it is also an investment asset. And it is completely decentralized, so there is financial freedom here. Bitcoin carries many positive aspects in all aspects. Bitcoin cannot be neglected in any aspect. So I think Bitcoin has a lot of potential in all aspects.

However, although Bitcoin was created as a currency, it is being used more as an investment asset by everyone. Because those who buy Bitcoin are buying it with the intention of holding it for a long time. Because long-term holding helps to get many benefits from Bitcoin, it is not limited to just being a currency.

[Rockson1]

I consider Bitcoin to be both a digital currency and an asset for investment.

What you do with your Bitcoins will determine what you see it to be. I make payments with Bitcoin, gamble with Bitcoin, invest with it. Except from mining bitcoins, interact with the network every week.

That's right although it depends on how we see bitcoin but what you said is correct, bitcoin as we know is a digital asset and digital currency so thats what validate the fact that bitcoin is a digital currency and a digital investment.
Bitcoin not being a handy currency doesn't mean that it is not a currency, handy currency exist as fiat which I know that the op is aware, bitcoin is a good virtual money we can feel it bit can only transact with it digitally and also invest in it the same way, however bitcoin is useless for many things meaning that it serves as a multipurpose digital asset.

[Merit.s]

I prefer to use the bitcoin in my possession as an investment and a store of value apart from that, Bitcoin gives me control over my finance in future because I am my own bank and nobody keeps my money for me and no one can tell me how much I can spend or withdraw in a particular period of time.

I believe that in future, majority of bitcoin hodlers will use it as a currency whenever, they want to spend part of their bitcoin if the acceptance rate of bitcoin have increased by business people. This is because if in future, if I want to take profit from my bitcoin holdings to buy a commodity that the seller accepts bitcoin, there's no need of converting it to fiat. I will pay him in bitcoin.

[Woodie]

Bitcoin is simply a jack of all trades that fits in every situation and depends on it's user...for example ; If a country has a currency that is performing so bad such that it's rendered almost useless like the case of Zimbabwe or Venezuela, then Bitcoin in such an instance will step in and allow for continued business transactions and all.. Then we have people that have the money and want to diversify their investments, then in this scenario Bitcoin is something that can be considered as the qualities are present for investments...

So in simple terms , Bitcoin use depends on it's owner and what they want it to do for them