Bitcoin is a digital currency, that's a fact. Whether it is popularly used and recognised for that purpose is a question that is everyone's mind. Businesses are beginning to accept bitcoin as a means of payment. But here is the challenge most people that hodl bitcoin do not really buy bitcoin to use as a currency but rather they bought as an investment.
well that's true, most people buy bitcoin for investment because many people believe bitcoin price will keep increasing. only a handful of people buy bitcoin as a currency because few places accept bitcoin as a means of payment. although they find a place to shop that accepts bitcoin I'm sure they will prefer to pay with cash rather than pay with bitcoin. 
Topic: Bitcoin as a speculative asset or as currency - page 3. (Read 743 times)
For me bitcoin is both because I am holding it for long term as an investment source and also want to use it as a currency when local stores near me start accepting bitcoin and then just by scanning qr code and with LN transactions can be made at ease.But for most of the people at this time bitcoin is being recognised as store of value and asset which can give high profits in the long run but with btc becoming mainstream it will be used as currency.
but this will not change the extension of bitcoin itself because bitcoin will still be an asset that is used for the long term. even though it is used for currency but this is only an alternative option and will forever be like that because basically even though here it is volatile, but this is what makes it more interesting and when you know more you will realize that this coin is valuable.and when people start using it as a currency it can affect existing extensions because it will be much profitable if it is still used for future assets not as a currency
When it comes to my life in my country, Bitcoin is not a currency currently. Well, it is because Bitcoin is not legal as a currency. But it is legal as a commodity asset. SO, I will rather say that Bitcoin is a digital asset only, but a speculative asset? Well, it may be for people who don't really believe in Bitcoin, so it is based on speculation without any basis.
if the choice is a speculative tool or currency, then honestly I feel that bitcoin is just a speculation tool for me. I feel how he greatly influences the cryptocurrency market price. besides that I also don't have enough bitcoins if used for payments, apart from the high fees, the transaction speed is also volatile in price. it all comes back to us as users who feel it
Bitcoin is a digital currency, that's a fact. Whether it is popularly used and recognised for that purpose is a question that is everyone's mind. Businesses are beginning to accept bitcoin as a means of payment. But here is the challenge most people that hodl bitcoin do not really buy bitcoin to use as a currency but rather they bought as an investment.
Basically Bitcoin was created to be a digital currency but so far not all countries have legalized Bitcoin as a legal tender,Bitcoin is currently being used more for investment because of its high value and we can see that it continues to rise every year
Bitcoin is a digital currency, that's a fact. Whether it is popularly used and recognised for that purpose is a question that is everyone's mind. Businesses are beginning to accept bitcoin as a means of payment. But here is the challenge most people that hodl bitcoin do not really buy bitcoin to use as a currency but rather they bought as an investment.
Basically Bitcoin was created to be a digital currency but so far not all countries have legalized Bitcoin as a legal tender,Bitcoin is currently being used more for investment because of its high value and we can see that it continues to rise every year
Bitcoin is a digital currency, that's a fact. Whether it is popularly used and recognised for that purpose is a question that is everyone's mind. Businesses are beginning to accept bitcoin as a means of payment. But here is the challenge most people that hodl bitcoin do not really buy bitcoin to use as a currency but rather they bought as an investment.
This topic has been up for debate for a while since as to whether the original purpose for the creation of bitcoin is for it to be a currency or an asset as many see it to be today. But truth is the original creator of bitcoin, never intended for it to become a speculative asset as many see it today.
In my opinion, because of the decentralised nature of bitcoin, it was created as an alternative mode or currency that offers its users freedom from the centralised nature of the governments fiat. But as a result of its ever fluctuating value, folks have now turned it to a speculative asset.
As of now, people prefer to HODL their bitcoins rather than use it as a medium of exchange (currency).
In my opinion, because of the decentralised nature of bitcoin, it was created as an alternative mode or currency that offers its users freedom from the centralised nature of the governments fiat. But as a result of its ever fluctuating value, folks have now turned it to a speculative asset.
As of now, people prefer to HODL their bitcoins rather than use it as a medium of exchange (currency).
Probably neither.
Fact of the matter is that bitcoin is a long term store of value asset due to its disinflationary properties. It might not be a currency in the truest sense, at least not right now, given its long-ish confirmation times.
But certainly it's not just a speculative toy. The short term fluctuations are going to be present, but in the long run, you'll find that BTC preserves value a lot better than fiat or even gold.
Fact of the matter is that bitcoin is a long term store of value asset due to its disinflationary properties. It might not be a currency in the truest sense, at least not right now, given its long-ish confirmation times.
But certainly it's not just a speculative toy. The short term fluctuations are going to be present, but in the long run, you'll find that BTC preserves value a lot better than fiat or even gold.
That only counts if enough people believe your statement to be true. You are right in the sense of course that the amount of Bitcoin is truly limited, but the common agreement is what ultimately gives Bitcoin value. I do agree though that from what we know today, Bitcoin is most likely going to be a store of value for the future.
Probably neither.
Fact of the matter is that bitcoin is a long term store of value asset due to its disinflationary properties. It might not be a currency in the truest sense, at least not right now, given its long-ish confirmation times.
But certainly it's not just a speculative toy. The short term fluctuations are going to be present, but in the long run, you'll find that BTC preserves value a lot better than fiat or even gold.
Fact of the matter is that bitcoin is a long term store of value asset due to its disinflationary properties. It might not be a currency in the truest sense, at least not right now, given its long-ish confirmation times.
But certainly it's not just a speculative toy. The short term fluctuations are going to be present, but in the long run, you'll find that BTC preserves value a lot better than fiat or even gold.
yeah, some of them use bitcoin as currency. maybe just for people that know each other, than deal to use it as payment method.
most of us just collect and trade when the price is good enough.
and im sure if bitcoin still be good asset as long as it have good demand.
We have big companies buying Bitcoins for their hedge funds in the recent period, let's not forget that! It's about how someone uses Bitcoin, and I think Bitcoin can be and it is a speculative asset, currency, store of value...
And it's what I see in this thread, many different opinions and different ways of using Bitcoin! So I can't agree with Kyraishi with his "probably neither", it's more like "probably both and a lot more"!
It's more of a speculative asset these days. Nobody is using it for commerce, people are only interested in the gains from holding it. And there is a great deal of FOMO driving the speculative frenzy. Nobody wants to miss out on being a "crypto millionaire."
Probably neither.
Fact of the matter is that bitcoin is a long term store of value asset due to its disinflationary properties. It might not be a currency in the truest sense, at least not right now, given its long-ish confirmation times.
But certainly it's not just a speculative toy. The short term fluctuations are going to be present, but in the long run, you'll find that BTC preserves value a lot better than fiat or even gold.
Fact of the matter is that bitcoin is a long term store of value asset due to its disinflationary properties. It might not be a currency in the truest sense, at least not right now, given its long-ish confirmation times.
But certainly it's not just a speculative toy. The short term fluctuations are going to be present, but in the long run, you'll find that BTC preserves value a lot better than fiat or even gold.
yeah, some of them use bitcoin as currency. maybe just for people that know each other, than deal to use it as payment method.
most of us just collect and trade when the price is good enough.
and im sure if bitcoin still be good asset as long as it have good demand.
I see Bitcoin based on my personal perception, for me Bitcoin is more of both
being called a speculative asset is correct because of its volatile nature which makes Bitcoin worthy of being dubbed it
being called a currency is also correct because the country of el salvador has made bitcoin as a legal tender, it means bitcoin is legally called a currency
being called a speculative asset is correct because of its volatile nature which makes Bitcoin worthy of being dubbed it
being called a currency is also correct because the country of el salvador has made bitcoin as a legal tender, it means bitcoin is legally called a currency
Probably neither.
Fact of the matter is that bitcoin is a long term store of value asset due to its disinflationary properties.
Don't you find yourself contradicted yourself with above two statements. I cannot agree that bitcoin cannot be either one of speculative asset or currency. It will definitely. Moreover, right now people are making use of bitcoin for both speculative asset and as currency and it is purely depending on how much risk you are ready to take with the bitcoin given that considering the conveniences and advantages provided by bitcoin.Fact of the matter is that bitcoin is a long term store of value asset due to its disinflationary properties.
for most of the people at this time bitcoin is being recognised as store of value and asset which can give high profits in the long run but with btc becoming mainstream it will be used as currency.
Being used as store of value and asset may lead to mainstream adoption, I agree. But, when bitcoin will be valuing massively then people may not prefer to use it as a currency. So, I am not expecting bitcoin to remain as a currency or will turn as a currency in future. 
For me bitcoin is both because I am holding it for long term as an investment source and also want to use it as a currency when local stores near me start accepting bitcoin and then just by scanning qr code and with LN transactions can be made at ease.But for most of the people at this time bitcoin is being recognised as store of value and asset which can give high profits in the long run but with btc becoming mainstream it will be used as currency.
Probably neither.
Fact of the matter is that bitcoin is a long term store of value asset due to its disinflationary properties. It might not be a currency in the truest sense, at least not right now, given its long-ish confirmation times.
But certainly it's not just a speculative toy. The short term fluctuations are going to be present, but in the long run, you'll find that BTC preserves value a lot better than fiat or even gold.
Fact of the matter is that bitcoin is a long term store of value asset due to its disinflationary properties. It might not be a currency in the truest sense, at least not right now, given its long-ish confirmation times.
But certainly it's not just a speculative toy. The short term fluctuations are going to be present, but in the long run, you'll find that BTC preserves value a lot better than fiat or even gold.
Is Bitcoin still yet a speculative asset or a store of value? I think people will have different opinions about this.
Bitcoin can be all (speculative asset or a store of value or a currency).All currencies can be traded hence being volatile may not disqualify from being a currency.
Speculative asset means highly fluctuating one and bitcoin is already doing that in great manner.
Being used as store of value will be possible if NOT too volatile still if people ignore the volatile nature then bitcoin will remain as preferred store of value as bitcoin always appreciating in long run.
In long run, after bitcoin attaining values in millions then people may start afraid to spend bitcoin for buying their foods and groceries which might be the point where bitcoin will start losing its positions as a currency. But, being speculative asset and store-of-value will continue forever how gold is doing even after 2000 years of running.
More of a speculative asset, institutions are investing in bitcoin for that reason, they might adopt, but maybe later when bitcoin is less volatile. As we can see, the market is very volatile and it's not free from manipulation, in fact, the manipulation is rampant as people are less educated about the real purpose of crypto, so it cannot be an effective currency if it's so volatile.
If you are commenting about how Bitcoin can be migrating from being called speculative asset moving more towards store of value, your post content is very valid, but if you are commenting about how Bitcoin will be an effective currency, then it is not the subject of the matter. The market is very volatile which can even make some people to panic and sell at the wrong time, but Bitcoin can still yet be considered as a store of value if seen from appropriate direction, Bitcoin is always reaching all-time-high is one of the reasons, and it will still reach all-time-high.
More of a speculative asset, institutions are investing in bitcoin for that reason, they might adopt, but maybe later when bitcoin is less volatile. As we can see, the market is very volatile and it's not free from manipulation, in fact, the manipulation is rampant as people are less educated about the real purpose of crypto, so it cannot be an effective currency if it's so volatile.
Now Bitcoin is getting more and more monetization, because the lightning network, Bitcoin can also propose tips, and countries are considering setting the Bitcoin to a statutory currency.
But now Bitcoin is used for investment, I don't want to pay with Bitcoin, I believe that the value of Bitcoin is getting higher and higher.
But now Bitcoin is used for investment, I don't want to pay with Bitcoin, I believe that the value of Bitcoin is getting higher and higher.
Jump to: