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

[Hypnotizer]

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?

[Outhue]

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.

[bitbollo]

I see bitcoin as a tool or instrument.
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.
I can understand why people see bitcoin as just an investment. You can consider everything just "an investment".
For sure you're not buying your house as investment but as tool for living
Of course it can change in value (becoming more valuable) but in the mean time you are using for living and many other things.

[Hypnotizer]

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.

Bitcoin is for sure a digital currency for peer-to-peer transactions  but I’m talking about the perception of people about it nowadays, different people have different perception about bitcoin, some use it for both the store of value and payment whine others use it for only the store of value.

The definition of what bitcoin is doesn’t matter in what the perception of people will be and that is why people pick the side they are more comfortable with, there are people who exchange the payment they receive through bitcoin to fiat immediately.




This topic is created to know the perception of people about bitcoin nowadays and how  they prefer using it. 

[Free Market Capitalist]

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

It has monetary properties and is used as such, but it is not widely used as currency. It is also an investment or store of value, and I believe it has proven to be much more useful in this regard, due to its limited nature, total limit, and limit on the production of new bitcoins, as well as other characteristics such as the extreme difficulty of censoring and confiscating it.

In other words, it is both, but it is used much more as an investment/store of value. And I believe it will continue to be so in the future.

[Marvell1]

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.

[SquirrelJulietGarden]

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.

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

Bitcoin has many potential use cases and over time, with more people, companies accept it, its use cases become more and more. You can not use Bitcoin as a payment method, another one uses it as a store of value, and the others can use it as a currency. Otherwise, people can consider Bitcoin as useless, it's different among people from thinking about Bitcoin to how they use it.

The bullish case for Bitcoin is a useful book that I would like to introduce it to you as it can help you getting many insights about Bitcoin.

[CryptoYar]

Yes most people see Bitcoin as long term investment because its price can change much which allow them to hold on to it instead of spending it. However some people still see it as currency especially in places with unstable money because it lets them make transactions without bank. And most people have mix of both views using it mainly as investment while still recognizing its potential as new kind of money that is separate from traditional financial systems. And in my point of view Bitcoin is very good investment if we hold for long time.

[Despairo]

You better to read what people said in these thread I listed below, there were many thread discuss about this one, IIRC recently there was also a thread discuss the same thing. This discussion will never end and the perception people toward Bitcoin doesn't change because Bitcoin is still Bitcoin that we know the characteristics.

1. Bitcoin is an asset or currency.
2. Bitcoin as a speculative asset or as currency
3. Is bitcoin an asset or a currency?
4. Is Bitcoin a currency or asset?
5. Is Bitcoin money? (money vs asset)]
6. Bitcoin is not suitable as a currency, it's a store of value
7. Is Bitcoin going to be a Store of Value or a Legal Tender Currency?
8. Is Bitcoin a currency or asset?

[Lucius]

Bitcoin is the first decentralized cryptocurrency, but on the other hand, it has proven to be something worth investing in for profit. Without a doubt, there are many more who invest in it solely for profit, and no one can deny or forbid them from doing so - but on the other hand, there are those who understand the primary purpose for which Bitcoin was created and use it in every situation when the opportunity presents itself.

For me personally, Bitcoin is a currency, but also an excellent hedge against inflation, which is devaluing fiat currencies to the point that it seems to me that in the future we will have a pile of worthless paper in our wallets. The knowledge that there is an alternative to fiat currencies is, for me, the real value behind Bitcoin.

[Nathrixxx]

There could be as many interpretation to what others may feels or called bitcoin to be, but as many already mentioned, it's a digital asset, currency, store of value and also a profitable investment which we can have independently, it is important that we know how bitcoin can play a number of significant impact on the economy, mostly under the financial aspect for us to be able to achieve our best and maximum anonymity in using it for payments.

[Cointxz]

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

Bitcoin is a cryptocurrency and at the same can used as an investment or asset.

The continuous growth of Bitcoin due to scarcity makes it perfect as investment in long term. Many Bitcoin holders preferred it not use as daily payment since it’s value is too precious to spend regularly.

[mindrust]

Depends on the situation.

But... why not both?

When you need to buy something, if the merchant accepts crypto and there are some shitcoins you want to get rid of, go spend them. When you are acquiring wealth, keep hodling and adding more to your stash. If I say "To me bitcoin is an investment asset", then I would give up on its currency properties because I put a limit on myself there. If I say the otherwise, then I'll have to ignore bitcoin's performance as an investment vehicle. Neither of these are wise decisions.

People even start businesses using their crypto stashes. It is not even only asset vs hodl. You can use them as business reserves too.

[shinratensei_]

Initial purpose of creation which is as a currency still relevant, I still see the blockchain as lively as ever. People are using it for currency.
As it happens it's also just as good for store of value. Otherwise those ETF aren't gonna be selling like a hot cake, just pick whichever you need. Crypto offered everything you seek and it gives you freedom on how to use it.

A literal freedom right there.

[Knight Hider]

Let me be the third to say BOTH! An investment that can be use to make payments, its the best of both world.

[Patikno]

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?

Bitcoin was originally created as an alternative currency, allowing anyone to use it for any purpose. However, over time, the using of Bitcoin has grown, not only as an alternative transaction tool, but also as an investment tool that can maintain the value of money in the long term, or even increase its value in the long term. Personally, I consider Bitcoin currently widely used as a very profitable investment tool if held, and this is not just for individuals, like companies, institutions, and countries also use Bitcoin as a store of value or strategic reserve. Well, besides that, I think people will actually choose Bitcoin as their entire investment one day, and I believe the main reason is "Bitcoin as legal tender" , when that happens (especially in my country), I am sure many people will transfer their fiat funds to Bitcoin, rather than holding them as fiat.

[DanWalker]

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.

I don't know if your research is through surveys or just online feedback you get. But from my observation and experience since entering the market, most people only consider bitcoin as an investment asset. Not many people consider or use it as a currency although they still know and propagate to others that bitcoin is a currency.

If you don't believe me, try asking people who say they consider bitcoin a currency, whether they use bitcoin as they say, or they still consider it a long term investment.

[bitLeap]

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?

I consider Bitcoin to be an investment asset, because so far Bitcoin has never disappointed anyone in terms of long-term investment. However I also accept the view that Bitcoin is a currency because people out there use it according to their needs. So, whatever someone's view of Bitcoin is, as long as that view is positive and beneficial to their life, it deserves respect.
Bitcoin has always been flexible and capable of meeting the needs of its users in various situations.

[asriloni]

I do consider Bitcoin as a investment to avoid the inflation. I'm using it to for the hedging purpose, and never treated it as currency since it's very rarely to find store that accept Bitcoin payment. I might able to spend Bitcoin use debit card, but the fees totally non sense.

It'd also better if you're also creating a polling to know what people choice in here. 

[Rustam Meraj]

Bitcoin was originally created as an alternative currency, allowing anyone to use it for any purpose. However, over time, the using of Bitcoin has grown, not only as an alternative transaction tool, but also as an investment tool that can maintain the value of money in the long term, or even increase its value in the long term. Personally, I consider Bitcoin currently widely used as a very profitable investment tool if held, and this is not just for individuals, like companies, institutions, and countries also use Bitcoin as a store of value or strategic reserve. Well, besides that, I think people will actually choose Bitcoin as their entire investment one day, and I believe the main reason is "Bitcoin as legal tender" , when that happens (especially in my country), I am sure many people will transfer their fiat funds to Bitcoin, rather than holding them as fiat.

Yes you are right about Bitcoin evolution from simple currency to valuable investment and strategic reserve. You are also right that not only individuals but also companies and even some countries are now holding Bitcoin to protect against inflation. Your idea that Bitcoin becoming country legal tender would cause rush to adopt it is very compelling. However so far only two countries El Salvador and the Central African Republic have made Bitcoin legal tender and this is still very difficult and debated topic for many other nations.