Bitcoin is an asset or currency.

[Smpdytz1]

Currency is also an asset.in accounting cash in hand consider as an asset. A short term asset but bitcoin is an asset of long term .it is also a currency that can use as short term or long term both.but its sholud consider as a long term soo in my opinion bitcoin can consider as assest and currency both and we can divide it as a buyers purpose if buyer buy btc for short term it is a currency and if buyers buy btc for long hold we can consider as an asset

[bitfocus]

Bitcoin is both a Currency and An Asset - we can use Bitcoin as a currency and also we can use Bitcoin as an asset. Right now, Bitcoin is being used as an asset (mostly) but Bitcoin was born as a P2P currency.

[fattyforhire]

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 ??

Bitcoin is primarily an asset, but with the potential of a currency that will be used and already used in many countries. You can already buy a lot for bitcoins. Go to a restaurant or buy yourself things in online stores.

[btc78]

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 ??

actually its a currency and isnt it obvious that Cryptocurrencies?though most of users believe this coins can give them profit since the price is continuously growing..so what they do is holding and keeping it on their storages.

In this way t popularity of the said coins makes it in demand by all who's aspiring to have good earning in this community..but when the price drops a little they panicked and sell instantly

[Hobo66]

I would say bitcoin is both an asset and currency,
This virtual currency called bitcoin is internet money,
can be use to purchase almost anything online.

[cryptojaani]

I  think for me Bitcoin is both asset and currency. If I hold for a particular time bitcoin will give me a very bi.g return to as so bitcoin is consider as asset by me. If I use for my daily financial need it is consider as currency only what ever I earn will be spend for my financial requirement is consider as currency only.

[btcCoincart]

Nothing happen if your government doesn't allow to use it? It's all depending on the way our government support or not this currency!

[PatyZante]

Technically it is both, asset and currency depends on how you are going to use it. I know people who are plainly using it as an investment asset only, gaining profit every time they will trade if the value is right. And I also have friends who are using it as currency to buy some products online or even pay for their meal on some establishments. For me personally I use them for both, I shop sometimes using Bitcoin but more often than not I use it as asset for the future.

[Hypnosis00]

Bitcoin is an asset because if it is currency then all the people are spending it and using it for their daily basis life but it is not happening because they are still using the fiat and they are just buying bitcoin because they know that they can make money with it by just buying and it holding for a long time.

[CriptoBounty]

Definitely now bitcoin is more gold! Active! And it's not bad! Who wants to get paid, but there are cheaper and faster altcoyins for this role

[luckybegum3907]

I Think the main purpose of creating bitcoin is to use it as a digital currency, bit due to its value that continues to rise over time, people consider it as an opportunity to gain profit. So that how it begins to be an asset. On the other hand, since people really do need money to survive, some will use it as a currency to buy things or convert it to fiat so it can be bought by the things they need. And for the community itself,  this will be useful for faster system of transactions which blockchain can provide

[Lamisa asfiya]

Bitcoin is an asset and currency both.you can use bitcoin for buying goods and paid bills.again, the price of bitcoin is increasing. hold it for long term,you can get more profit from it.

[Doge dealer]

Bitcoin is both an asset and a currency , its an asset because it has value and is available to meet debts , commitments and make general payments so you could look on it loosely as a current asset, it is also a currency because it really is most definitely a medium of exchange (buying goods and services), it popularity increases daily as hardly a day passes and its not in the news and so it definitely is gaining traction in becoming a major currency especially in the trading world.

[Joebobb69]

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 ??

Nobody knows the answer to his question, which is one of the major problems with Bitcoin.  It CANNOT be both.  It has to be one or the other, and it has poor performance both as an asset and as a currency.  It's why I don't own it.

[ross.gomez520]

From my point of view bitcoin is an asset.But we can use it as currency.For example now-a-days first world country are accepting bitcoin as their payment method.You can do shopping with bitcoin.I hope i was able to clear my point .

Thank you.

[localcrypto]

Bitcoin an a asset more than currency it is future asset class investing bitcoin cant consider as currency

[RonJohannson]

I think it can be both, it can be a currency to buy things with, especailly if merchants begin accepting it.  But also, it can be a store of value and a medium by which you can exchange it for other currencies when you cant exchange fiat for them.

[colmenajose]

I would say it is both a currency and an asset. It is a currency because you can buy goods and services through it; and on the other hand an asset that is valued over time.

[Ponzi Shame]

I think both. It's an asset and at the same time a currency in digital world. Asset because it serves as an gold to your computer that can increase and decrease it's value depending on time and currency because it is used to buy , sell and trade a product or the btc itself.

[buhuchain]

Bitcoin is an asset and currency both.you can use bitcoin for buying goods and paid bills.again, the price of bitcoin is increasing. hold it for long term,you can get more profit from it.

Yes, I think bitcoin can be seen as both an asset and as a currency. It can be used as a medium of exchange of equivalents and as an asset by itself.