Bitcoin is an asset or currency.

[lorylore]

The goal of bitcoin is to be used as an currency in the first place. At least that is how i love into love with bitcoin years ago. It is one of the best payment method whereby it is seller protection, it wont have chargeback, it wont have ridiculous fee, it wont takes days just to remit.

[DoublerHunter]

The goal of bitcoin is to be used as an currency in the first place. At least that is how i love into love with bitcoin years ago. It is one of the best payment method whereby it is seller protection, it wont have chargeback, it wont have ridiculous fee, it wont takes days just to remit.

I agree with you and in the future, once i have built my own business then i will accept bitcoin as a mode of payment because aside from those things that you stated above. It is also great for me to accept bitcoin since its value is keep on increasing on the top and sooner than later it will become one of the major mode of payments in the world.

[milandres0207]

Bitcoin is a currency that you can use like money, but it is also an asset because all things with value is an asset, If your bitcoin price is highest or you invest your asset on bitcoin they became art of assets.

[Frostyroar]

I believe it is a currency but i think people made an asset out of it it was started as an currency but by the time it went to an asset but you can still pay with it for stuff and i think we all need bitcoin because it can give us a lot.

[Majharul Saiif]

In my opinion, Bitcoin is both an asset and currency too.If anyone want to use Bitcoin as an asset,he or she will hold this for few days.After waiting some days,he or she will surely benefited.On the other hand,if anyone use bitcoin as a currency, it is really best for this.Because, Bitcoin is the world's first crypto currency. So,Bitcoin is both asset and currency

[nick_nick]

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

I will simply say Bitcoin is both asset and currency. An asset is anything of value that has future benefits whilst currency is a medium of exchange. Bitcoin satisfies both conditions because BTC can be kept in ones wallet against the future; at the same time the virtual money can be exchanged for say a dollar or any other legal tender

[neowebwallet]

The latest proceedings about bitcoins suggest that it is a “valuable asset” rather than a “means of transaction”.

[Getcoinsite]

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

It's simply both.

Bitcoin is attractive as an asset to hold because of it's scarce nature. Bitcoin is also attractive as a currency because it's borderless, permissionless, and pretty fast and cheap (except when Roger Ver/Bitmain are spamming it).

So for some use cases like buying a VPN, bitcoin is the best currency.

i agree with that mate,its an asset and  currency its just like PHYSICAL MONEY we intend to put it in bank for safe keeping at the same time as a asset theres no difference in bitcoin or any other coin that we kept or hold as an asset and part of it we use for trading or gambling to be a currency

[A Fahriz Thiago]

I hear from many sources that btc is used for trading much more than it is for goods and services; doesn't that make it an asset ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??

In my opinion, maybe bitcoin can be used as an asset and used as currency in the payment of sale and purchase of goods and services. As bitcoin communities around the world are increasing, it also causes higher bitcoin prices.

[twicezeroiszero]

The goal of bitcoin is to be used as an currency in the first place. At least that is how i love into love with bitcoin years ago. It is one of the best payment method whereby it is seller protection, it wont have chargeback, it wont have ridiculous fee, it wont takes days just to remit.

I agree with you and in the future, once i have built my own business then i will accept bitcoin as a mode of payment because aside from those things that you stated above. It is also great for me to accept bitcoin since its value is keep on increasing on the top and sooner than later it will become one of the major mode of payments in the world.

But do your goverment accept it?
In my country, there are many retailer already to accept Bitcoin, even, they accepted other cryptocurrencies for payment, including ICOs token.
However, the government has banned Bitcoin and other cryptocurrencies for using as a payment method in my country.

[AjithBtc]

It all depends upon the people who make use of it and the concern purpose, because it serves as an asset as well currency based on necessity. When it s used for exchange purpose or for some desirable things it can be said as an asset. Same when used for transactions as well on payment it is a currency.

[mega]

I consider Bitcoin as Liquid asset and how it can be liquid asset details are here;Assets are the resources which count as stability of organisation.There are types of assets like;Physical assets includes land,building,furniture fixture etc,other hand current or liquid assets which can easily convert in cash like,A/C Receivable,bonds etc.if organisation realize that Bitcoin is an asset and big resource to generate funds it will stable and give liquidity to organisation as well individuals.

[gilabusuk1]

bitcoin can be both, that could be as an asset and then also can be as a
 currency that is the greatness or excellence of bitcoin that makes everyone love it

[ToTheMoon$]

Aint it both ? I mean, is an asset and a currency because there is nothing saying the opposite.

[Trela]

bitcoin can be both, that could be as an asset and then also can be as a
 currency that is the greatness or excellence of bitcoin that makes everyone love it

Bitcoin is an asset and currency. But as far as I know, at the begin, Satoshi Nakamoto just thought Bitcoin is only a currency and he called it is cryptocurrency by its nature is different the digital currency as Paypal.

[websoftwareengineer]

Bitcoins is a digital currency but it can be also your asset at the same time because the value of you coins is growing and that what makes bitcoins good for longterm investment. Everyone is investing in bitcoins because of its currency.

[KwizatzHaderach]

With the unrelenting increase of value. I would classify it more as an asset.
It's value is too volatile to be a "normal" currency, though usage is like one.

[bitcoinveda]

bitcoin is an asset and most valuable asset at present times and u are holding cryptographic code that makes u wealthy

[barabut]

In my point of view crypto money, especially bitcoin, currently it is an investment in some point rather than a currency.
In recent days, the Swiss National Bank (SNB) President Thomas Jordan, who spoke at an event in Basel, Switzerland, explained the use of crypto money as a payment method. Known as the central bank in central banks, Thomas Jordan, known to work as an administrator in the international payroll bank, also confirmed that the central banks around the world are closely examining the crypto money issue. These seems to be changing the meaning of it.

[finlandais]

It can be considered as both asset and currency.Asset  because it is an investment asset that provides us huge profits and currency because it is a form of digital currency that has a bright future and which provide us the facility of online transactions and has a tendency to be used as mode of payment  just like fiat in the future.