It is both. I can buy something in Bitcoin, though as i understand it most sellers use Bitpay which will output local currency to the vendors bank account. I can also use it a store of wealth or investment, albeit volatile. That volatility also makes unsuitable for currency, when a good or service can change price 5-10% in a day or less.
Topic: Bitcoin is an asset or currency. - page 43. (Read 8542 times)
Bitcoin can be currency when we use it for investment or trading. But it can be money when we withdraw it to our digital wallet, so bitcoin are both asset and currency
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 ??
There are lot of uses of bitcoin like you can used it as currency or an asset. In addition to that, some people prefer to use it as investment because they know that it is good investment and it is good for long term investment. Lastly, I prefer to use it as currency where I exchange it in some stuffs. and is that necessarily a bad thing ?? and what can we do about it as a community ??
BITcoin performs both functions for me...I have saved money over time using bitcoin...I have also been using bitcoin To pay for services and goods.
I think bitcoin is an asset,because the value of bitcoin keeps increasing.If you hold bitcoin for long time you can have more profit while you sell it.
Bitcoin is a currency and an asset, too. As you can see, you can use bitcoin for any purpose you like. You can use bitcoin to buy online stuff and if you are lucky, you can find a store in your local area which accept bitcoin. Bitcoin can be considered as a type of investment because if you hold bitcoin for a long time, 90% that you will earn a huge profit in the future. 
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 is an asset as bitcoin is now daily increase in prices. People whom having bitcoin they are now saving it. And keeping for future opportunities. Best thing about bitcoins is that you can mine them and generat your own bitcoins. and is that necessarily a bad thing ?? and what can we do about it as a community ??
Bitcoin as a currency is also used as in exchange of goods and services or in exchange of other currencies.
Bitcoin has come in existence from 2009 and since than its prices are increasing. Bitcoins come with advantages and disadvantages.
Bitcoins are the new trend setter of today. The rate with which bitcoin has come in economy it's remarkable. Bitcoin is come to origin in 2009, and since its rate gas been increasing incredibly. Bitcoins has marked a great success in market. Time has come that bitcoin is become more valuable than gold. There is not time less that it will cost about 10000dollar.
Best thing about bitcoins is its selling value is always increasing.
I think Bitcoin is not an asset and it is gonna be very smart for one to invest in Bitcoin . As its fluctuating it can be used as currency and not as asset but maybe in future it might have the power for it to be used as asset for everyone
Your logic doesn't make sense. It's volatility makes it unsuitable for usage as a currency. And the high fees and delay in transaction confirmation further erodes its advantage. Anyway, why we need to use BTC as a currency, when there are thousands of other options out there, such as PayPal and Visa/Master? Let's treat it as an investment asset.
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 ??
Maybe it relies in between, depending on the people that posses Bitcoin. If Bitcoin is legal to a certain country, it will be used as a currency to nuy things and if not, probably it will be an asset that will be stored and earn profit as its value is increasing. It is a digital currency and just happened that it is not yet legal to most of the countries so using it as a currency is only limited and exclusive to those places where it is already legal. and is that necessarily a bad thing ?? and what can we do about it as a community ??
Bitcoin is a currency not an asset.For example gold is an asset. An asset cannot be traded with other assets.But currency can.
I think Bitcoin is not an asset and it is gonna be very smart for one to invest in Bitcoin . As its fluctuating it can be used as currency and not as asset but maybe in future it might have the power for it to be used as asset for everyone
Since bitcoin not legalized in some countries including my country bitcoin is not legal as currency, then I assume this is an asset.
It is just a currency but it's increasing value in nature shouting as asset. Thanks to satoshi nakamoto, who designed it.
Bitcoin is both an asset and currency. The price keep on increasing and if you invest in it your money will grow and possibly become double if you hold it for long time.
It is also a currency that can be use for buying goods and alot more online, although its not like a physical money where you can use offline, the value and significance is the same as fiat.
It is also a currency that can be use for buying goods and alot more online, although its not like a physical money where you can use offline, the value and significance is the same as fiat.
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 ??
and is that necessarily a bad thing ?? and what can we do about it as a community ??
I think that for now you can strongly say that bitcoin is leaning towards an asset. However it is termed currency just because that it is money used to pay electronically and earn it just as you would a regular money. But for now bitcoin is strongly leaning to being an asset.
I consider bitcoin as an asset and currency. Bitcoin have been popular and most used this as digitcal currency were we can easily convert into fiat currency. We could say it is an asset as the price value is continue to increase.
I think bitcoin is an asset,because the value of bitcoin keeps increasing.If you hold bitcoin for long time you can have more profit while you sell it.
I think bitcoin is both asset and currency. If it's currency, it will the best currency with safe, fast and easy. If it's asset, it will best invest your money on this for future.
Bitcoin is a currency and bitcoin can be an asset. It's been proven until now that bitcoin can be an asset and already many people have made bitcoin as their asset to get a promising advantage. So well can be said bitcoin is indeed a currency that can be used as an asset, the both is include the criteria of bitcoin itself.
This is a noob question.Who said you that only assets are tradable? Currency is also tradable with another currency.Like USD/EURO, USD/INR etc and in crypto it is BTC/ETH and BTC/LTC etc.Actually Bitcoin is a currency not an asset.Gold is an asset not a currency. You can trade currency with all goods.But you can't trade an asset like gold with other assets or goods, it can only be tradable with currency.It is simple.
It's simply both. There are others that uses their investment for just an asset and others that uses bitcoin as their main job so they're treating it as a currency.
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 ??
Well, it is both, bitcoin is an asset and at the same time it is a currency. If you are to look deeper on bitcoin it is a cryptocurrency. A cryptocurrency is a digital currency that works online. You are wrong, bitcoin is used also for goods and services here in this forum you can buy digital goods and such refer here in this board, https://bitcointalk.org/index.php?board=51.0. There you can see now that bitcoin can be used in almost every way. and is that necessarily a bad thing ?? and what can we do about it as a community ??
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