Topic: Crypto is an Asset or Currency? - page 14. (Read 3405 times)
That topic is really great, and for me crypto is can be an asset and it also can be a currency, first if we earn a lot of money or profit here in crypto we can say that our money is our asset and second is it is a type of cryptocurrency so it is a currency just like bitcoin.
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 also agree with you, it is true cryptocurrency can be used as a means of payment but here instead used as a tool to find profits in exchange, probably because of the fluctuating movement 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?
Why do you think that it will destroy the initial purpose of the coin? It will just strengthen it in my opinion. If we trade bitcoin and it has become an asset that we hold and sell it will still serve its purpose which is for convenient transaction and making it a currency that we trade. Still the same value and use, only that it has been improved.
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?
I think it is both. Can be an asset or a currency. But sometimes it's more likely to be an asset than a currency. Because we hold and keep it.
I agree it's both, in time I think that it can become more like a currency but now it behaves a lot more like an asset, the only way I see for it to become better used as a currency would be for stability to come in to place, how that can happen, I do not know.
cryptos can be both , Currencies for coins that aim to be used as ways to move money and spend it , And it can be asset for most of tokens , that are created to act as shares to collect money . Anyway , you can define cryptos the way you will use it , it is not a fixed definition for every coin/token
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?
I think it is both. Can be an asset or a currency. But sometimes it's more likely to be an asset than a currency. Because we hold and keep it.
I agree it's both, in time I think that it can become more like a currency but now it behaves a lot more like an asset, the only way I see for it to become better used as a currency would be for stability to come in to place, how that can happen, I do not know.
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 treat cryptos as an asset and i've been holding so many altcoins from airdrops because i believe that in the future they will have a great value. I already made some mistakes for selling altcoins in the past that could have earned me a lot of money now. I will now hold and keep all my cryptos and will wait for the perfect time to sell it. 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?
I think it is both. Can be an asset or a currency. But sometimes it's more likely to be an asset than a currency. Because we hold and keep it.
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?
Yes you are right infact thinj logicalllly if the very basic idea about these crypto fail who will really ask for them?? Then what will be the motive of the so called hodling of digital currency. What is your opinion?
crypto has a definition as a currency, but over time crypto becomes a valuable asset because of its fluctuating value and can be a good long-term investment.
whether this will reduce the purpose of the crypto or not. But as I said today crypto is a currency and a good investment for the future.
you can see the current bitcoin, now bitcoin can be used as currency and long term investment.
whether this will reduce the purpose of the crypto or not. But as I said today crypto is a currency and a good investment for the future.
you can see the current bitcoin, now bitcoin can be used as currency and long term investment.
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?
Crypto serve as both currency and an asset. People can use crypto in the way they want whether to buy something as currency or hold it as an asset. Sometimes, people choose to hold their crypto because there is huge of demand of crypto in the market. so, that why the value of crypto is growing higher. What is your opinion?
Both of these terms can be used in the marking of the cryptos. Right now Crypto is being more like an asset to all because the limited supply the coins are offering to the buyers. That limited supply is pumping the price for each crypto coin individually. Bitcoin is right now leading in the market because its supply is draining very fast. What will happen when every supply is drained? Cryptos will then be compared with the term currency because the usage of the cryptos will come to the place the moment the supply drains. We can surely say that the crypto coins are the asset right now till the future of the limited currencies comes.
I view cryptocurrency as a mixture of a stock option, asset and a currency.
Stock Option:
When you invest in the cryptocurrency you choose, it has a value placed behind it. And coinmarketcap shows this the best way. The value of Bitcoin is similar to stocks because it's value can change from $16,000 USD to $13,000 USD within days. Like stocks, you need to research what cryptocurrency you're going to invest in so that you can receive the most gains and value out of them.
Asset:
Each of these coins that you own, they allow you to do multiple things behind them. Even with the development of multiple ICOs on Ethereum's blockchain, the coins can be used to handle multiple purposes outside of just being a currency. You can use Bitcoin to pay for tuition or as some would do, convert it all in USD and buy realistic property with it.
Currency:
But it's also a currency because it's distributed out in similar ways that fiat currencies are made. The only difference is that cryptocurrencies have a maximum token supply, meaning that no more of it will be made after that limit is reached. This prevents inflation and helps them be easily transferred and used throughout the blockchain network.
Stock Option:
When you invest in the cryptocurrency you choose, it has a value placed behind it. And coinmarketcap shows this the best way. The value of Bitcoin is similar to stocks because it's value can change from $16,000 USD to $13,000 USD within days. Like stocks, you need to research what cryptocurrency you're going to invest in so that you can receive the most gains and value out of them.
Asset:
Each of these coins that you own, they allow you to do multiple things behind them. Even with the development of multiple ICOs on Ethereum's blockchain, the coins can be used to handle multiple purposes outside of just being a currency. You can use Bitcoin to pay for tuition or as some would do, convert it all in USD and buy realistic property with it.
Currency:
But it's also a currency because it's distributed out in similar ways that fiat currencies are made. The only difference is that cryptocurrencies have a maximum token supply, meaning that no more of it will be made after that limit is reached. This prevents inflation and helps them be easily transferred and used throughout the blockchain network.
This topic remained me about today's headline at coindesk https://www.coindesk.com/bank-of-israel-digital-currencies-are-an-asset-not-a-currency/
Is real administration said its an asset for them, in US is asset too, for some other governments is asset too, for me its both. I think governments are looking for a way to tax bitcoin and putting bitcoin in that category is easier for them for now. For us who use bitcoins everyday for something bitcoin is more currency, we exchange it for fiat or use it for gambling or buying.
recently in the media in general there was information that in Belarus had adopted a law banning the taxation of work with the crypto currency. I do not know why or what it is connected with, but I was surprised, because the government's policy and actions regarding the crypto currency are incompatible. Is real administration said its an asset for them, in US is asset too, for some other governments is asset too, for me its both. I think governments are looking for a way to tax bitcoin and putting bitcoin in that category is easier for them for now. For us who use bitcoins everyday for something bitcoin is more currency, we exchange it for fiat or use it for gambling or buying.
This topic remained me about today's headline at coindesk https://www.coindesk.com/bank-of-israel-digital-currencies-are-an-asset-not-a-currency/
Is real administration said its an asset for them, in US is asset too, for some other governments is asset too, for me its both. I think governments are looking for a way to tax bitcoin and putting bitcoin in that category is easier for them for now. For us who use bitcoins everyday for something bitcoin is more currency, we exchange it for fiat or use it for gambling or buying.
Is real administration said its an asset for them, in US is asset too, for some other governments is asset too, for me its both. I think governments are looking for a way to tax bitcoin and putting bitcoin in that category is easier for them for now. For us who use bitcoins everyday for something bitcoin is more currency, we exchange it for fiat or use it for gambling or buying.
I believe it is both currency and an asset. But it is not good when a lot of people consider it just as an asset/investment. Or at least until it is widely accepted all over the world. The goal is to make it widely accepted even in the remotest place, to buy a coffee in Himalayas, in Nepal. In other words, the circulating supply should roar.
In today's date,crypto can be considered as an asset though it is a currency.This is because people hold their cryptocurrencies or bitcoin in order to gain profits.People also invest in cryptocurrencies so as to earn profits in short the short term.You have both the options.You can also spend it as a currency.You can also make some transactions through cryptocurrencies. 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?
yes it does happen this time. many people rely solely on the world of cryptocurrency as an asset to invest.What is your opinion?
but to me it can be said to be a reasonable treatment and will not negatively affect the initial purpose of the creation of cryptocurrency. may actually be one of the support in the development of cryptocurrenncy world.
It depends. At this point i'd call Bitcoin an asset although originally it was a currency.
Bitcoin is not behaving that much like a currency in that I agree but we need to remember that is only because of the high fees once the high fees are under control we will be able to use bitcoin as a currency once again, just lets hope that happens soon enough because the fees are getting astronomical, it is going to come to the point you should only move thousands of dollars and that was never bitcoin true intent.newcomer also prefer to consider it as a digital asset , besides it gives them a significant profit they feel it so promising for the future.
Crypto is an asset and a currency at the same time. If you hold it, you can consider it an asset, and when you spend it you can consider it as a currency.
For me crypto is an asset. Because of the fast changing of the prices of tokens and bitcoin, you can earn profit by holding the tokens or bitcoin and trade it with your desired price.
Yes it’s an asset, that’s why we invest the real currencies into it to make more. Another thing is that it belongs to no country, so it can’t be a currency. Lastly, the main reason it was made was to serve as a source of investment and not to be a Currency. The rich guys understands that, but the poor guys mostly don’t. Jump to: