This is the most important discussion, whether crypto is an asset or currency?
Lately governments from different countries have discussed this, if crypto is considered a currency then it is clear that the government will ban it. If crypto is considered an asset, then it's okay because the investment asset aims to make a profit.
Do you think crypto is an asset or a currency? If I personally think of crypto as an asset, because I never buy anything using crypto, I just hold to wait value to increase and I exchange with the common currency in a local bank.
Topic: Crypto is an Asset or Currency? - page 12. (Read 3385 times)
I treat as asset and not as currency.
If it is currency,I should not be paying any txn fee and should be east and fast to deal.Where as if I want to use btc for a cup of coffee or meals,I will not ,cos of high txn fee and confirmation time
If it is currency,I should not be paying any txn fee and should be east and fast to deal.Where as if I want to use btc for a cup of coffee or meals,I will not ,cos of high txn fee and confirmation time
Crypto will fall on the same category in different aspect, it is both a currency and asset thats why it is called a cryptocurrency, a value encrypted on codes. Now it is a currency because we use it as medium of exchange on many transanctions and it is an asset because its valuable, asset is a valuable thing that has a cost when being sold. So crypto is both an asset and currency.
crypto is an asset for now, because most governments have refused to legislate in favour of its adoption as mainstream currency.
asset but has no virtual form. but cryptocurrency, although not in government. enthusiasts from cryptocurrency are not in the least reduced. the longer it grows
It can be seen at the time of the year 2018, crypto is considered as a kind of property, people invest in crypto and hold them, hoping one day the rates of crypto will rise and they will make a profit from it. Because crypto is not currently accepted as a form of payment on the Internet, people can not use crypto for transactions. If the crypto future is more common then it will be the currency instead of the asset.
Cryptocurrency was created initially as a decentralized currency. But along the way bitcoin became more of an asset, people start trading in and with the high volatility big profits can be made. Nowadays cryptocurrency can be seen as both asset and currency, some have more of an asset and some more of a currency.
first of all Bitcoin is an angel who brings a probe passive and active, but at the same time bitcoins will never be a means of payment in real life, as there is not only infrastructure, but society will not be perceived as for a normal life.
crypto is an asset for now, because most governments have refused to legislate in favour of its adoption as mainstream currency.
In think that depends on how you are using it. Usually currencies are not assets however crypto can easily be considered an asset too.
I agree with your statement that the purpose of digital currency is indeed to make the transaction quick and easier and yes, it becomes asset to everyone because digital currency has the potential to increase its value and at the same time, has the potential to make an income for living. Most of the people describe bitcoin to gold due to the fact that they has the potential of increasing its value as the time pass by and yes, it was proven. However, bitcoin also has an issue just like the price deflation and inflation anytime.
I must say that it is very much difficult thing to categorize bitcoin as one of the option amongst both. Bitcoin can be treated as an asset as well as currency. It all depends on the person who is having bitcoin in his wallet. If he is keeping bitcoin for having more money, then you can say that bitcoin is just like an asset for him. Otherwise, if he is keeping it for spending, then it can be termed as currency. 
I believe that the initial purpose of crypto is to create a digital currency for making transactions quick and easy. However, in reality it has become an asset which everybody is buying and holding. Continuing doing like this will destroy the initial purpose of the coin?
What is your opinion?
Cryptocurrency is an asset, especially the presence of increasing ICOs anda investing in ICOs, some countries also do not support cryptocurrency as a legal currency, many of us do feel the benefits of cryptocurrencu in financial terms. What is your opinion?
I believe cryptocurrency is an active and viable form of currency, it is digital money. With it's initial success
and circulation, crypto has been so popular and numerously started to be utilized. It's actively growing and
it is potentially profitable. It has also become a favorite investment to people these days. Due to it's popularity
and fluctuating value, I surmise it's now considered an asset. That's what makes it so unique and intriguing.
and circulation, crypto has been so popular and numerously started to be utilized. It's actively growing and
it is potentially profitable. It has also become a favorite investment to people these days. Due to it's popularity
and fluctuating value, I surmise it's now considered an asset. That's what makes it so unique and intriguing.
Yes, this is a very active currency, it is used in our time by very many people, the crypto currency has attracted many people already, and everything does not stop.
In my opinion, it is both. It is up to the individuals whether they would like to use crypto as an asset or as a currency.
In my own perception crypto is both asset and currency. For example of this is our very own bitcoin. Bitcoin is a kind of cryptocurrency also it can be converted into cash and cash is an asset.
That’s absolutely true that crypto is both an asset and a currency. I will also quote an example of bitcoin here because people are not just investing into it to get some instant profit rather they are treating it as savings for their children. The continuous increase in the prices of bitcoin has reduced its function as a currency significantly and increased as an asset. People usually avoid to spend bitcoin on nondurable things.
I believe that the initial purpose of crypto is to create a digital currency for making transactions quick and easy. However, in reality it has become an asset which everybody is buying and holding. Continuing doing like this will destroy the initial purpose of the coin?
What is your opinion?
i can say it's both a currency and also an asset. people buying crypto and use it for trading and investing they can make profit from this it also use for payment. if you hold crypto it's an asset and once you trade it it's called currency. What is your opinion?
I believe that the initial purpose of crypto is to create a digital currency for making transactions quick and easy. However, in reality it has become an asset which everybody is buying and holding. Continuing doing like this will destroy the initial purpose of the coin?
What is your opinion?
What is your opinion?
It is both, when you have a currency it means that you also have an asset. How can holding and buying destroy the purpose of the coins? When people hold coins and make the demand of the coins higher the the price would rise and the supply will be limited, in that way investors can earn better. If you want to sell your coins with low price then do it, but dont argue with what youcan gain. Investors always think of a way to receive bigger profit especialy in cryptocurrency.
With whats happening right now? Crypto is considered as an asset to have rather than currency. We see crypto as an opportunity to make us rich. We invest in it as an asset.
Bitcoin was originally invented as a digital currency but due to its limited supply, people then started holding their bitcoin as an asset to sell later when there is a high demand and at the higher price of course.
I think is is currency because bitcoin is really made to serve us with its currency function or as a medium of exchange for the people so they can have a more secure and fast option of payments where it can be integrated to technology and to the advancement of out financial system. in my own opinion, Crypto is an asset because this is a stock that we hold because this is not just something that we can use to buy anything that we want.
This is also a way were many users trades and communicate worldwide. This is more than money. People use it because they know that this is a demand for many people or unknown people and unknown transaction. Some use it or believe that it is a currency. But some don't.
This is also a way were many users trades and communicate worldwide. This is more than money. People use it because they know that this is a demand for many people or unknown people and unknown transaction. Some use it or believe that it is a currency. But some don't.
We can use bitcoin to buy many things already, so with your criteria it is effectively a currency. I think that some cryptos are currencies and some other are assets, particularly tokens.
Crypto is a currency and also a digital asset.
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