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 ??
Both, Bitcoin is an Asset and Currency. In asset some percentage like 80% hold Bitcoin for the longterm and make 15k$ as soon as possible. while Currency you can used in online ways like trading, buying some good, monthly payment bills. and can peer to peer to to transact on some other friends that really trusted
. It depends on the demand of investors. More investors want to buy Bitcoin, own it, the demand will increase and the price of Bitcoin will also raise more to correction the demand and supply. No one wants to sell a famous asset with cheap price.