Crypto currency are digital assets - page 2.

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- Jay -

Quote from: Dr.Bitcoin_Strange on April 08, 2023, 04:31:41 AM

Bitcoin is the real asset because it has been in existence for 14 years now, and for the time being, some price speculators and price analysts have observed and noted the historical price movement of Bitcoin, whereas some other cryptocurrencies out there are not even up to two or three years,

Bitcoin is a real asset cause it has real utility. It was as much as asset 13 years ago as it is now, all that has changed is how much people are aware of it. There are shitcoins that have existed for five years or longer, anchored on by the desire for quick wealth and amount of new investors who only care about profits with little research on the product.

When choosing an investment, you consider more factors than years in existence or rank by market cap, like decentralization, freedom/custody, supply system, utility, liquidity...

- Jay -

Doan9269

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Quote from: Greggry on April 07, 2023, 10:27:35 PM

Cryptocurrencies are volatile, yes, but with volatility, you can earn your dough.

When we are talking about cryptocurrencies, we need to be more specific on the particular crypto we are referring to, eome were believed to be shitcoins because of those behind the project, all crypto might be volatile but doesn't mean all should worth having your investment, instead of you earning from them, you may end up loosing and even loose tye entire investment made when a coin fails or got hacked on centralized exchanges.

Quote from: Greggry on April 07, 2023, 10:27:35 PM

*Cryptocurrencies are assets.* And assets are more guaranteed to hold value than cash, overtime.

Not all cryptocurrencies are asset, only bitcoin can ve regard as an asset because if can't cease to exist overnight or cart away your entire investment like a thief in the night.

Dr.Bitcoin_Strange

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Bitcoin is the real asset because it has been in existence for 14 years now, and for the time being, some price speculators and price analysts have observed and noted the historical price movement of Bitcoin, whereas some other cryptocurrencies out there are not even up to two or three years, so it has not yet been determined how reliable that coin or token is. Some cryptocurrencies, perhaps all Altcoins are just a waste of finance because, even if the team is well known and trusted, they can just come up with some stories, and before you know it, the project is dead and you cannot get your invested funds from them. An example is the case of Tera Luna, which is caused investors to totally lose their funds.

lovesmayfamilis

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OP, I've been following your activity, and it's good that you've started to read a bit of what others have to say. Just change the word cryptocurrency in your post to Bitcoin. For the rest, you may be right.
To me, your post looks like a forum reading test. Your efforts to earn merit again failed. But at least you're trying.
Continue reading, and start responding to other users' posts and not creating only your own topics every day, which have been discussed thousands of times.

sunsilk

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Yes, cryptos are assets but not all of them can be a good store of value and to be held. As said, the best crypto to hold is bitcoin and you've got the assurance of your money in there.

But we can't just stop those investors that goes into the path of random altcoins because that's what they like to have.

They might be patient but they don't have the nicest choice which we have been spoonfeeding them for a long time to buy bitcoin.

Nwada001

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Quote from: Greggry on April 07, 2023, 10:27:35 PM

You've probably heard about $25 turning into $200?? It is more than possible.

This is likely achievable on mostly altcoins, which in turn also have a higher risk major. Unless we hold Bitcoin for a long time, we can barely see such a move in a short period of time.

Quote from: Don Pedro Dinero on April 07, 2023, 11:02:58 PM

This. I hate it when people talk about 'crypto', putting bitcoin on equal footing with over 23,000 other shitty altcoins, most of which are only going to lose money for people who even think of putting money into them.

You don't really need to hate it; those who compare Bitcoin to other currencies that are out there are just emphasizing based on the level of knowledge they hold on crypto; most of them really don't know what is what or what makes Bitcoin stand out over all of them.

TravelMug

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Quote from: Greggry on April 07, 2023, 10:27:35 PM

Cryptocurrencies are volatile, yes, but with volatility, you can earn your dough. But you just earn money with proper time assigned to learn the system because you must be well informed. There are cases where people are doing well in the market is all about determination plus knowledge=cash
You've probably heard about $25 turning into $200?? It is more than possible.

It could take a few weeks, days, months or years.
What matters is the right update, and the part you play, which is DYOR.(Doing Your Own Research),
*Cryptocurrencies are assets.* And assets are more guaranteed to hold value than cash, overtime.
Many people don't have patients though, learn to be patient while into crypto, observe the price, volumes and market, you're good to make it.
Best of luck. You can get more info on crypto updates

Depends which currencies you are holding or which defined as assets. So far only bitcoin hold that distinction for me, it has proven itself as a safe haven specially during the pandemic.

But the rest? the risk is too high for the majority of altcoins. Maybe there are that grow x10 or even x100, but it's hard to find that gem and most of the time it's pure pump and dump so I wouldn't say that they are assets per definition.

Outhue

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You are dead wrong, digital assets are not guaranteed to hold more value than cash, please do not go around telling people that they all hold more value than Fiat.

The only digital asset that's superior to Fiat is Bitcoin, and altcoins are highly volatile and riskier exposure for investors, and 99% of altcoins are not safe, in this bear market only Bitcoin has managed to withstand the hit.

Bitcoin goes down to 70%+ in loss and altcoins loses over 90%, some are even at 98% as we speak, how can such asset hold more value than Fiat? Only Bitcoin shines when it comes to value, I like altcoins too but the truth needs to be told.

Bitcoin is the King.

Don Pedro Dinero

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Quote from: mk4 on April 07, 2023, 10:47:06 PM

Quote from: Greggry on April 07, 2023, 10:27:35 PM

*Cryptocurrencies are assets.* And assets are more guaranteed to hold value than cash, overtime.

I'd be very careful with that statement, as 99% of cryptocurrencies are highly likely to be heavily under-performed by most healthy fiat currencies simply because 99% of cryptocurrencies are simply scams and trash.

I'd say "~~assets~~bitcoin is more guaranteed to hold value than cash, overtime" instead; as a "safer" statement for newbies to not easily misunderstand.

This. I hate it when people talk about 'crypto', putting bitcoin on equal footing with over 23,000 other shitty altcoins, most of which are only going to lose money for people who even think of putting money into them. They are even worse than cash, which is saying something. Let's learn the essential difference between bitcoin and the rest, and stop talking about 'crypto'.

On the other hand, the OP is somewhat right that in theory they are assets, but realistically, as most of them are going to lose investors money, they are more like liabilities.

mk4

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Quote from: Greggry on April 07, 2023, 10:27:35 PM

*Cryptocurrencies are assets.* And assets are more guaranteed to hold value than cash, overtime.

I'd be very careful with that statement, as 99% of cryptocurrencies are highly likely to be heavily under-performed by most healthy fiat currencies simply because 99% of cryptocurrencies are simply scams and trash.

I'd say "~~assets~~bitcoin is more guaranteed to hold value than cash, overtime" instead; as a "safer" statement for newbies to not easily misunderstand.

Greggry

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Cryptocurrencies are volatile, yes, but with volatility, you can earn your dough. But you just earn money with proper time assigned to learn the system because you must be well informed. There are cases where people are doing well in the market is all about determination plus knowledge=cash
You've probably heard about $25 turning into $200?? It is more than possible.

It could take a few weeks, days, months or years.
What matters is the right update, and the part you play, which is DYOR.(Doing Your Own Research),
*Cryptocurrencies are assets.* And assets are more guaranteed to hold value than cash, overtime.
Many people don't have patients though, learn to be patient while into crypto, observe the price, volumes and market, you're good to make it.
Best of luck. You can get more info on crypto updates

Topic: Crypto currency are digital assets - page 2. (Read 297 times)