Quote from: liseff3 on October 01, 2017, 12:15:51 AM

Quote from: valucash on September 06, 2017, 02:48:36 PM

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?

Although bitcoin has a very good reputation, bitcoin can not be used as fiat currency, if a large number of bitcoin users treat it as an asset, plus another problem that is the market and some countries that refuse and do not acknowledge the existence of bitcoin.
People store bitcoin, not just for assets alone, but there is another purpose that is profit, this is where they insist on saving it for long period of time (waiting for high price).

In my opinion bitcoin purpose and identity is circulating between currency and asset I really think you can surely give credit to bitcoin in both ways and on how you are using bitcoin, but I really think this doesn't really matter at all because at the end of the day bitcoin will still be bitcoin and you can use it whatever you want it to be you can surely treat it like a currency or save it as an asset.