With what's happening today, it is more like an asset than a currency. People keep it because of value and "speculation" that it may have a greater value the next time they visit the exchanges. Aside from that, with only few places and shops where you can use it, all you can do is to keep it(Which makes it look like an asset)
In time, I think it that perception about bitcoin will change. Not when the value increase, but when the user increases.
Topic: Is Bitcoin Really A Currency or An Asset? - page 9. (Read 4210 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?
It's technicallly a set of unspent outputs... Neverthless you are thinking in the present not the future. Bitcoin is still "experimental".
Its really doesnt matter to me if bitcoin is a type of currency or a form of asset.As long as its useful as cash and a profitable investment, then I will just leave it that way..
The one thing i concern about bitcoin is to become fully recognized of all the goverment in different country as valueble like other asset and currency and not a huge treat to economy.
The one thing i concern about bitcoin is to become fully recognized of all the goverment in different country as valueble like other asset and currency and not a huge treat to economy.
This is the biggest question for any cryptocurrency even the biggest of governments are facing the same issue. But I believe that as of now it is much of an asset only considering the fact of its limited supply. The value of this asset will always grow but yes when its prices stabilize a bit it may be used as a uniform currency after that.
due to the limited of Bitcoin, its prices will continue to rise, and in order to earn more profits, people tend to use it as an investment, when its price stable it will be a currency i think
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 depends on the people using the bitcoin. For those people invest in and hold the bitcoin then they are considering bitcoin as asset. For those people do campaign to earn bitcoin and convert it to cash or use bitcoin to buy goods then they are the people consider the bitcoin as currency. There are also the hybrid who consider billtcoin as currency and asset they are the one who earn bitcoin through campaign and they used bitcoin to buy goods and put some portion as investment. 😁
I am considering bitcoin as a currency and an asset in the same time because bitcoin can be exchange into fiat when bitcoin price is in high price and in the other time, we can use bitcoin as an asset or investment.
Many people including me using bitcoin to trade with fiat to make profit and i still safe bitcoin in my other wallet and i want to sell my bitcoin when the price is increase later. I know if we want to sell in high price, we need to waiting until the price is reach the price we sell so we can make profit.
Many people including me using bitcoin to trade with fiat to make profit and i still safe bitcoin in my other wallet and i want to sell my bitcoin when the price is increase later. I know if we want to sell in high price, we need to waiting until the price is reach the price we sell so we can make profit.
Bitcoin Is An Asset, Not A Currency.Neither in future. There's two problems with bitcoin as currency its value is unstable and its transaction
processing is too slow
processing is too slow
It's a currency being used as an asset.
I love bitcoin I mine it and buy it to save but it is pretty useless as a currency. I keep a couple hundred bucks in a blockchain wallet on my phone thinking I will find somewhere to spend it. I look everywhere I go and have found no one that accepts it. I have only used bitcoin to buy things twice and both were online once for a trezor at cryptohardware and the other at newegg.
It would be awesome if I could spend it anywhere but very few places to do so.
In spite of what you stated above, it is obvious you are never letting go and only reason is because you know you don't need any conviction that Bitcoin is not useless. As a currency, you can readily exchange to other currencies acceptable in your locality. If it were not difficult to find an exchange for it, that's when you complaint would have been credible.It would be awesome if I could spend it anywhere but very few places to do so.
As a store of value, compare the inflation rate with other assets to see for yourself when the demand for it can't help but increase.
it is a Currency because you can earn it save it and use it to sell any thing like clothes food ..............
what make it famous is global and security
what make it famous is global and security
What is currency? It is a kind of article that is used to trade with all other commodities in the market. There, they are always validated and accepted by governments. And bitcoin is gradually gaining all the above factors.
It is designed to be a currency and asset like gold at the same time. But as we see we can hardly buy something using bitcoin. Now it is something like a "geek currency" and used by most part of the community as an asset for investments or speculations.
I consider bitcoin as a asset because i think it is really like an asset, even if you have or haven't invested capital onto bitcoin. And i also consider it as a currency, but a digital currency because it is a currency operating in the digital world. Now that it is really being used by many people it continues to improve and grow. 
when we say it is currency it has a value in exchange of money and different kinds of money..
we it is you can pay something with bitcoin and you can invest too ..
assets!! it is too .. you can have it as an asset because it has value and like others its value is rising and pumping so nice ...
many bitcoiner has it before like 1btc= 1$ but look now how much it is for a signle BTC for how many USDS now
we it is you can pay something with bitcoin and you can invest too ..
assets!! it is too .. you can have it as an asset because it has value and like others its value is rising and pumping so nice ...
many bitcoiner has it before like 1btc= 1$ but look now how much it is for a signle BTC for how many USDS now
Read this article this morning.
http://www.telegraph.co.uk/property/buy/bra-tycoon-michelle-mone-selling-192m-dubai-apartments-bitcoin/?WT.mc_id=tmgoff_fb_tmg
That is a large sale via bit[Suspicious link removed]d publicity for btc. Perhaps other altcoins will follow soon.
Great article! very smart move, they stand a chance of really making great profit if bitcoin continues to swing upward as fait currency cannot match bitcoin's rise in value. http://www.telegraph.co.uk/property/buy/bra-tycoon-michelle-mone-selling-192m-dubai-apartments-bitcoin/?WT.mc_id=tmgoff_fb_tmg
That is a large sale via bit[Suspicious link removed]d publicity for btc. Perhaps other altcoins will follow soon.
bitcoin is the virtual currency that many provide for the user or the holder of the investment.
arguably a future asset in the hope that value is getting higher.
there are also some people looking for profit day by day.
disturbed in the individual itself.
I think so.
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?
I think to what is happening right now with Bitcoin is that you can really treat it as an asset and currency at the same time, it just happen that it is on demand right now that is resulting to a high volatility and for some traders they take advantage of it to make a profit while other people just use it as a currency to spend and buy something with it.
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?
Yes we can really say that bitcoin is a currency. There are a lot of services here in forum that pays you bitcoin(currency). And it is its usage as a currency and as an asset because most of us just want to hold for better. It doesnt matter on how an individual will use it, its just the same. 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
Well, I guess bitcoin is a currency and some people say that bitcoin is the new curreny and I agree to that. In addition to that, as of now you can see bitcoin is a currency because some people use it in different transaction like paying bill, shopping on online market and etc. I do believe that bitcoin will become our future currency. 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
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?
I think the answer is both and I think it will depend to people who have how they will use it. In addition to that, as of now you can say that bitcoin is a currency because you can use it in different kind of transaction but somehow you can also say it is an asset. Lastly, I do believe that bitcoin is a currency and an asset. 
Bitcoin is both currency and an asset as well. It depends on how you use it as currency or an asset. Bitcoin can be used to buy things as currency and at the same time you can hold your bitcoins as an asset for long time and make profits for doing so like gold. 
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