Post
Topic
Board Economics
Re: Bitcoin is an asset or currency.
by
DPrillio
on 28/10/2017, 13:41:05 UTC
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's simply both.

Bitcoin is attractive as an asset to hold because of it's scarce nature. Bitcoin is also attractive as a currency because it's borderless, permissionless, and pretty fast and cheap (except when Roger Ver/Bitmain are spamming it).

So for some use cases like buying a VPN, bitcoin is the best currency.
absolutely mate. bitcoin is generally a currency a cryptocurrency and for me it is a universal currency that people around the world can use and convert it into their own real money. It is also an asset if you own and hold bitcoin in your wallet because it always have an equivalent on any other real currency.