Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
Basically bitcoins be made for payment method on the internet (currency) but the bitcoins is not good for payment method because of the fees transaction especially for small amount of transaction, so bitcoins is more better considered as digital asset than currency and not all of peoples accept bitcoins for payment method just couples peoples who accept bitcoins for payment method. 
Topic: Is Bitcoin Really A Currency or An Asset? - page 13. (Read 4206 times)
Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
Well maybe it's a matter of both asset and currency. Bitcoin doesn't have a physical market value but still, it can be used as a payment in countries where cyrptocurrency are legal. Also an asset because it is owned by its users and can be kept for a long period of time with its value increasing as years are passing by. I think it would be better if it will be explained at this way since it will depend on its users if they'll consider it as an asset or a currency.
People treat bitcoin more of an asset than currency. Bitcoin is currency with the basic fact that we can buy or sell goods using it. It is widely accepted around the world as a medium for payment, But until recently, people are buying bitcoin and holding and waiting for its value to increase. The reason is that in recent years, bitcoin outperformed the stock market and other forms of investment, for an investor it is one of the hottest asset in the market today.
That probably depends on each individual, there is no unique rule, unless in countries where Bitcoin is fully regulated as one of these things. For me it's primarily the currency because I use it that way, I pay with Bitcoins for different goods and services. But many people consider Bitcoin as an asset and invest in it on long term basis.
I think its currently being used as both an currency and as an asset
but I have read here that it is becoming more and more used as a store
of wealth which was/is the territory of Gold and other precious metals
but I have read here that it is becoming more and more used as a store
of wealth which was/is the territory of Gold and other precious metals
the correct answer is that bitcoin is whatever you want it to be 
if you want bitcoin as an asset you can see it as an asset and hold your money in it safe and sound for long term and also make profit while doing it. a huge profit i should add.
if you want bitcoin as a currency then you can see it as a currency and use it easily with the sped of light (a couple of seconds to send and receive and 10 minutes on average for confirmation) and in the safest manner possible to this day and on top of it all you can use bitcoin keeping your privacy.
if you want bitcoin as an asset you can see it as an asset and hold your money in it safe and sound for long term and also make profit while doing it. a huge profit i should add.
if you want bitcoin as a currency then you can see it as a currency and use it easily with the sped of light (a couple of seconds to send and receive and 10 minutes on average for confirmation) and in the safest manner possible to this day and on top of it all you can use bitcoin keeping your privacy.
both are true. bitcoin according to my point of view it is digital gold. the price can soar because of the limited amount.
I currently prefer to hold my bitcoin for long term. I believe can make the future .
I currently prefer to hold my bitcoin for long term. I believe can make the future .
I treat bitcoin as both currency and an asset but yes it is true that many people consider bitcoin as profitable investment opportunity with moderate risk of loss.
Looking at trading chart for bitcoin, anyone can notice how much profitable it is to just buy and hold bitcoin rather than spending in daily basis.
Looking at trading chart for bitcoin, anyone can notice how much profitable it is to just buy and hold bitcoin rather than spending in daily basis.
Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
It is both a currency and an asset that generates a lot of profits for you. Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
It's both. The fact that people like to hold it more than spend it doesn't negate it's currency-like features.
People can buy stuff with Bitcoin, so how it cannot be a currency?
It is also an excellent gold alternative that just keeps outperforming everything else, therefore also an exceptional asset.
Bitcoin may not be feasible as a fiat replacement right now due the fees and confirmation times not being ideal for OTC purchases, but it can be. I can see more and more shops accepting BTC once we have lightning networks for instant cheap transactions, that could replace the fiat part, while keeping the blocksize small so long term holding in a decentralized network is still possible, keeping the asset/gold-like features too intact.
This is the best outcome for Bitcoin, which is why segwit2x or any other hardfork must be stopped.
Bitcoin has been touted as a crypto-currency, capable of replacing fiat currencies but the reality today is that most people prefer to hold bitcoins rather than spend it. Can we really say it si a currency when a large number of bitcoin users treat it as an asset?
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