Is bitcoin to be traded like currencies or is it just a storage item?

[G82M4C]

Is bitcoin to be traded like currencies or is it just a storage item? Buy and hold type of asset

 

[Dora_WalletInvestor]

I think the original purpose of Bitcoin is to provide an alternative to fiat money that could be used in everyday transactions.
As a speculative asset, though, it can be used both for value storage and for trading. In this sense I think it is most similar to stocks or commodities - you can both trade and invest in these, too.

 

[Mthekz]

Bitcoin will definitely dominate the future, whether one holds long term or for "pump and dump" motives.

 

[mlawson71]

Storage item? I am not sure what you mean? Do you mean a storer of value?

 

[Dora_WalletInvestor]

Storage item? I am not sure what you mean? Do you mean a storer of value?

It sounds like that's what they mean, Bitcoin is often referred to as digital gold because it could be a good way to hold your money in a way that somewhat combats inflation.