From the point of view of traders and investors it's close to a commodity like gold, since it's scarce and indestructible, and both gold and Bitcoin are different from assets like stocks and bonds which are meant to bring profit on their own, unlike commodities who have only speculative opportunity.
However, from a technical point of view it's definitely a currency, since it's a token of the network that was created to make transactions on the Internet. Bitcoin can serve as a settlement layer for building new networks with different properties, like Lightning Network for micropayments, smart contracts, decentralized exchanges and so on.
So, the best answer is that Bitcoin is Bitcoin, it can exhibit different properties in different situations so you can't say it's only something one all the time.
Topic: Bitcoin is an asset or currency. - page 48. (Read 8542 times)
We need Bitcoin to be both. I don't have a job and so don't earn any fiat anymore so all my income comes in Bitcoin or altcoins so I have to use a debit card to buy food and pay my bills and none of it is fiat anymore, so for myself it is now both a currency and hopefully if I can save enough, a store of value for the future and the future of my family. Many unbanked and jobless people or super rich whales will no longer need to rely on fiat for anything and they will sue Bitcoin debit cards to do their shopping and special wallets to save their coins.
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 ??
Depending on everyone looking at what bitcoin, I myself think bitcoin as a digital asset is no more, because bitcoin is very fluctuating, but if you see bitcoin currency can also be said like that but not all services receive bitcoin payment.and is that necessarily a bad thing ?? and what can we do about it as a community ??
Buy and save it for sale later in the future, who knows the future of bitcoin could reach $ 100,000
I don't see any problems here bro. when Bitcoin price is $0.0001, it just a kind of payment facilities, but when BTC price is $5500, it is an asset. We don't need to do anythings. 
Bitcoin is not asset. It digital currency. So it will use to easy and any where and any time. It will useful to all country. Asset is not use the any where it will use the some important using for the purpose. Bitcoin is good to use for the purchase and pay bill and buying useful product. Bitcoin is easy to change and you will learn for the some information for what you need.
Example for the asset: Asset is the movable not one (land etc...). But bitcoin is the use to any where.
I don't see any problems here bro. when Bitcoin price is $0.0001, it just a kind of payment facilities, but when BTC price is $5500, it is an asset. We don't need to do anythings.
I think bitcoin is an asset and a currency. It is said currency because bitcoin can be used as a transaction tool for those who receive it, not many have received bitcoin as a tool of transaction, but I am sure in the future bitcoin more and more that receive it. Bitcoin can also be regarded as an asset because the price and selling value increase every year.
It shouldve been a currency but look at what is happening.
Well, I guess it is still being use like a currency through buying other coins.
Somehow that could be dealt easily. But when it comes to physical things it gets harder where to do that transaction might as well just withdraw it.
Well, I guess it is still being use like a currency through buying other coins.
Somehow that could be dealt easily. But when it comes to physical things it gets harder where to do that transaction might as well just withdraw it.
It is both asset and currency like the other said but you cant' just use bitcoin for everyday usage frequently as the price goes up and down, it is not advisable to use it as a common currency like USD and other fiat ones, It is great to use it as an asset and investment as the btc continues to grow everyday. you will gain such profit if you store enough coins, but don't get me wrong it is still currency not just stable to use it for now.
It is still a currency to me,
but by taking a look at its track record over the past few years then people consider is as a form of investment as well
but by taking a look at its track record over the past few years then people consider is as a form of investment as well
This is what is making Bitcoin better than any other financial instrument. We can use it as a commodity and we can trade with it like a currency. Bitcoin does not fit in a single box, because there has never been something like it before. It can be used as a store of value and even as a Smart contract.
Let's make a bigger box for Bitcoin, when you want to define it. ^smile^
Let's make a bigger box for Bitcoin, when you want to define it. ^smile^
It generates income for you and not even for once but again and again so is it not an asset ?
Bitcoin is asset hope currency anf everything
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 is meant to be a currency but due to its rising prices people are using it as an asset to earn good returnsand is that necessarily a bad thing ?? and what can we do about it as a community ??
Bitcoin wont ever make it as a successful currency until and unless people give it up as an asset. But no one wants to give away a thing whose price will surely increase next month.
Of course we should consider bitcoin as our asset. We are earning money from it and i can see bitcoin like stocks in the stock market industry. they are both being invested and there is aleays a fluctuation in its value which affects the price of it and our income. however in bitcoin we just have more options on how we can make money from it and currently it is not governed by the national government and there is no such thing as brokers’ fee which is part of our expense as an investor.
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 attractive and become asset because of the modernity of this and bitcoin is also currency because you can buy through bitcoin in online store to those who accepted btc now and it can be converted into cash. and is that necessarily a bad thing ?? and what can we do about it as a community ??
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 ??
My dear what is the definition of asset in your mind? Do you think that currency is not an asset? Currency is a form of asset know listed in current assets. and is that necessarily a bad thing ?? and what can we do about it as a community ??
I guess you wanted to ask about the role of bitcoin as it is not treated now a days as a current asset but people are stocking and holding it just like the fixed assets. It all due to the increasing price of bitcoin.
I don't think so. Friend。 I think bitcoin trading approval needs an accepted process, after all, the previous trading habits should slowly change. I don't think it will take long, maybe soon
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 ??
Some how we can say that it was both asset and currency. As we know bitcoin can now be used to purchase goods and other services here on the internet and even on real life. Also we can call it as an asset because we can hold it for a long term and make it as an investment as we all know that value of bitcoin is rising up and it's a good asset for me.
As far as i know bitcoin is a decentralized digital currency which is using the internet network for transaction, thats why people could investing their money in bitcoin because just like a commodities the price can be changed anytime depend on supply and demand of the market.
Each and everyone of us needs money, for our daily needs just like a transaction fee or any money transaction involved.. For me its a currency since we need to have our necessities and commodity that we want. Also, its an asset as the time passes by the bit coin getting its value increase that could be a great opportunity to have a good profit.
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