Bitcoin is an asset or currency.

[zhanyiguai261315]

In Israel, bitcoin has been characterised as an asset by their tax authorities. And start collecting taxes!

I think in the future many countries will follow Israel, which may be a good thing, because BTC is legal, more and more countries admit it!

[TomUyamot]

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 ??

As stated in the original Whitepaper of Bitcoin, the invention is made to be an online cash, an online money, or a virtual currency. That is the intention. And I think the first use of Bitcoin was really the time when it was used to buy some pizza. I think everyone have heard of it. A man buying a $25 pizza with 10,000 Bitcoins. However, the growth of value of Bitcoin was way too fast as imagined, resulting to people hodling Bitcoins instead of using them as payment. I can see no problem in it though.

[troglobait]

for me now it is only an asset, for the currency is very volatile

[jinxing]

Bitcoin in my opinion is an asset. Assets are something we keep or we have that will be useful one day. Currency is a tool to exchange something / transaction, which is worth according to the price of the goods itself. Which has been legalized by the state. But basically the bitcoin itself can also be used to exchange something but not directly. Currency can be used directly.

[Granslam]

Well, when Satoshi Nakamoto first introduced bitcoin to the world, he wanted bitcoin serve the purpose of being the official currency of the internet. However due to various mishaps on the behealf of bitcoin just like it's high volatility rate, it failed to serve such task. But tight now bitclin found a home to the world of investments and is currently one of the biggest and most successful investments of this decade.

[phpartisanmaster]

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 ??

When bitcoins is not that much popular then at that times we can consider it as an asset but now a days, there are online sites which has a cryptocurrency payment method and we ca use bitcoins to buy products only so we can call it as a currency.

[Yarsk]

Bitcoin is an asset and at the same time a currency, what is an asset? An asset is any thing that has a face value with a price and the value can increase at any time. And a currency is what ever that can be use as means of payment for goods and services and it generally accepted buy the general public. So bitcoin as an asset hold a lot of potential to turn it investors into an over night millionaire's and at the same time bitcoin is use for payment for goods and services.

[Pedro18]

For me it is currency because you can use it for payment in any items or services over the internet. It is digital currency, which is much comfortable to use it because you don't need any physical form of money anymore.

[cizatext]

Bitcoin is a great assets and at the same time double as a currency, bitcoin is an asset with a lot of profits since bitcoin is decentralized and highly volatile it tend to make profits to it holders without any control from any government or central bank of any country and bitcoin is highly demanded for the the general public because bitcoin is a safe means of sending money on a peer to peer platform. And also bitcoin is use as a means of payment for goods and services that making bitcoin a currency.

[goldade]

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 think bitcoin serves both purposes well. Well, it all depends on what you intend to do with your bitcoins.
The reason most people view bitcoin as an asset is because they realized that if left for a while, its value tends to increase hence bringing more profit.
But still, I believe payment of goods and services is one the reasons bitcoin was made and should be used more often for this purpose.

[Lyne01]

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 maybe an asset and a currency. If Bitcoin will be used as investment, then it can be an asset. On the other hand, if it will be used as a mode of payment, in buying and selling, then we can say that it is a currency. Bitcoin will depends on how you use it and how you see its functions.

[jetsTech]

I think, it is good asset for long time

[Mark 360]

Bitcoin is an asset, because until and unless we can't use it in exchange of goods and services widely it cannot be termed as currency. There are very few platform which accept it against goods and services.

[Twentyonepaylots]

I think it's both an asset and a currency, first i can classify it as an asset because of the nature of its prife going up and down by the minute making a good investment for people, and i can classify it as a currency because you can use it to do business transactions and even make it as a payment for whatever product or sevices someone offers.

[allfriends88]

Indeed a bitcoin can be an asset and could as currency, depending on the US does bitcoin we use to sell our assets or want in cash, many also misappropriated for using bitcoin. We use the bitcoin depends on what.

[mombay]

If Bitcoin is to be a universal digital currency, it needs an intrinsic value that a currency must have. At least it'd need somebody or an international institution to ensure its user that bitcoin is not going to die soon or to be left by its dev's and many more reasons. But it will against its original purpose of anonymity in transaction and as a self governed currency.

Yes, bitcoin can be a medium of exchange like fiat in some places, but that only means from one trustee to another. We are not going to see our grandpa walks to the convenience store and buy some drinks with bitcoin any time soon. And to date Bitcoin price is much more of a trust price from its user globally, so I would call it an asset as for an investment.

So, I don't think bitcoin is going to replace any of fiat currency in any country soon, it's a very good alternative investment asset though.

[paulo29]

Bitcoin can be an assets or a currency depending to its purpose. Bitcoin is a digital currency that can be used in trading or to buy stocks. Bitcoin is an assets since its value is volatile and unpredictable, but originality it is a digital currency.

[Legone]

Bitcoin is a cryptocurrency and is a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.

[giogio0504]

I think that it is still asset, maybe it will be altered in the currency but now it has more features of asset than features of currency.

[ryanto siyanto]

Bitcoin can be an assets or a currency depending to its purpose. Bitcoin is a digital currency that can be used in trading or to buy stocks. Bitcoin is an assets since its value is volatile and unpredictable, but originality it is a digital currency.

I agree with your opinion because this is the official currency in a country that can be an asset and a means of payment. Bitcoin also has the same properties, it only has digital or abstract characteristics. Unlike the official currency of a concrete country.