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Topic: Crypto is an Asset or Currency? - page 15. (Read 3385 times)

full member
Activity: 812
Merit: 100
January 09, 2018, 05:05:26 AM
Cypto is a currency that you can also consider as a valuable asset since some coins are limited in supply and also high in value like btc. As the price continue to soar higher it is great that you consider your holdings as an asset that you can possibly use in the future. Don't be confuse on that because at the end what important is you make money using that crypto currency.
I agree because the important is you consider the bitcoin and cryptocurrencies as an asset. I think just continue what you doing because in that way you can earn big profit in the future.
member
Activity: 84
Merit: 10
Large scale, green crypto mining ICO
January 09, 2018, 05:02:42 AM
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.
member
Activity: 307
Merit: 10
January 09, 2018, 04:53:02 AM
It depends on the personal feelings of each person. One will treat crypto as a asset and the other as a currency.
hero member
Activity: 1190
Merit: 500
January 09, 2018, 03:56:55 AM
Crypto are the best investment form in the current economic situation .we can earn more profit by making investment in the crypto currency.
Bitcoin can be use in any shape because bitcoin is asset and as well as money because bitcoin is a digital currency and its work is different than any other currency you can earn from it and after earning you can use it and if you want so you can save it also and then you can use it after some time and its price is also very high than any other currency which is also very interesting and that why everyone they are crazy about it.
that's the privileges of bitcoin. you can use bitcoin for your investment and you can use bitcoin for currency or payment option. but only a few users who use bitcoin for currency are certainly due to some problems. possibly expensive fees may include less interest in bitcoin users to use bitcoin as currency. while bitcoin investment is very profitable so no wonder bitcoin users are mostly investors..
newbie
Activity: 22
Merit: 0
January 09, 2018, 03:03:45 AM
Crypto are considered both an asset and currency. Although it was created as currency before, it made people earn profit and considered it as asset or investment to have.
member
Activity: 630
Merit: 14
January 09, 2018, 02:59:20 AM
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?
Bitcoin's transaction now is so expensive and using it as payment cost a lot just to be able to have a faster transactions.And I agree with you, bitcoin now became a unique valuable asset in which everyone wants to have and hold it in long term because we all know that the longer the time the greater bitcoin's value will be. If transferring bitcoin wont cost too much and wont get stuck, its purpose as currency will be served to everyone who wants to pay through bitcoin.
I think that first of all, crypto currency is a good way to earn and save your assets names in the crypto currency. But many bitcointalk users consider crypto currency primarily a masterpiece or art, and even despise those who are trying to earn with Bitcoin. My opinion is better, combine business with pleasure.
full member
Activity: 224
Merit: 100
January 09, 2018, 12:27:50 AM
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?
Bitcoin's transaction now is so expensive and using it as payment cost a lot just to be able to have a faster transactions.And I agree with you, bitcoin now became a unique valuable asset in which everyone wants to have and hold it in long term because we all know that the longer the time the greater bitcoin's value will be. If transferring bitcoin wont cost too much and wont get stuck, its purpose as currency will be served to everyone who wants to pay through bitcoin.
hero member
Activity: 1092
Merit: 501
January 08, 2018, 10:56:29 PM
Digital assets and crypto-currencies are still new products in the world of finance. Therefore, it is not surprising that the interpretation of these concepts raises certain difficulties. Many people confuse these concepts and call the crypto currency a digital asset, but these products differ from each other, and above all, the management method. There are certain differences between the two types of financial instruments.
It is going to take some time before people adapt to bitcoin, bitcoin is not a traditional currency and that is why people have doubts if it is going to work at all as a currency, but after some of the biggest issues of bitcoin gets resolved I do not see why bitcoin cannot be a currency, and when that happens people will accept bitcoin the same way they have accepted previous inventions like computers and cars.
sr. member
Activity: 1484
Merit: 276
January 05, 2018, 05:18:08 PM
Some people calls bitcoins as an asset as for me its just a currency over all,considering the fact that i can freely spend my bitcoins online now(i dont usually go outside and shop physically).So bitcoins is very useful for me and i consider it as an currency not an asset
copper member
Activity: 658
Merit: 284
January 05, 2018, 05:13:43 PM
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?
The main fucntion of Bitcoin or idea of it is a digital currency but it just happened that the market value of Bitcoin is continuously increasing with a high rate making it a good investment or asset which value is growing as time is passing by as well as the profit. So basically and technically, Bitcoin is in between a currency and an asset.
Bitcoin is both digital currency and also a store of value like an asset although it was originally invented as a currency. Bitcoin has a limited supply that is why some people choose to hold it as an asset to sell later when the value appreciates. There are only 16.7 million bitcoins in circulation worldwide and there will be only 21 million bitcoins to be ever created by the year 2140.
hero member
Activity: 1092
Merit: 501
January 05, 2018, 04:13:29 PM
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.
legendary
Activity: 1652
Merit: 1057
January 05, 2018, 02:49:36 PM
crypto is both currency and an asset at the same time because it can be used in both and applicable to both of them like for example i can use my crypto as a form of investment and other times i will also like to buy things online using my crypto for a convienient shopping and to avoid much hassel when compared to credit or debit cards and any other payment method that requires your important information. cryptos can also be used on trading , sending payment or recieving , mining , etc. therfor crypto can be anything or it can be a multiprpose tool and not just an asset or a currency.
Yeah, it is definitely both. Just that for now, the currency aspect of it is not really being made use of and that is pretty bad. I am sure things would change in the long run, and there would be the possibilities of having to make use of crypto as currencies of choice, either the centralized or the decentralized ones. For now, it still serves more like a stock market where you can do basically all things but most especially as an investment.
member
Activity: 60
Merit: 12
January 05, 2018, 01:17:50 PM
I'd agree if it considers the bitcoin as assets, not as a currency. because I think, currencies are always set by the State.
sr. member
Activity: 700
Merit: 275
January 05, 2018, 01:09:34 PM
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?
With the current rate of its use in the making money it seems to me asset only. There is no way we can call it as currency though it was its initial purpose. Just look around us, do we see any use of BTC in the form of currency? Are we making any kind of progress in the use of that kind of process. The answer for all is nothing but big NO. If thats the case then how do we call it currency. People are using it to hold the money and let it grow as the market cap grows and rewards them for the holding. This process is completely stagnant and makes bitcoin as store value and nothing much. So finally its just an asset for sure. And there is no right answer too because many of the people are having personal assumptions of it.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
January 05, 2018, 11:29:33 AM
i think now Crypto is only an Asset because the value of cryptocurrency is Unstable

currency have the stability Nature , so call it asset will be more fit.
It should be a good choice to become our asset but in another word for some coins that lack scalability and then it will never be suitable to become the actual payment just like bitcoin. Bitcoin is very suitable to be the place to store our value but it will never become actual payment in our digital life.
member
Activity: 322
Merit: 10
January 05, 2018, 10:59:52 AM
Crypto are the best investment form in the current economic situation .we can earn more profit by making investment in the crypto currency.
Bitcoin can be use in any shape because bitcoin is asset and as well as money because bitcoin is a digital currency and its work is different than any other currency you can earn from it and after earning you can use it and if you want so you can save it also and then you can use it after some time and its price is also very high than any other currency which is also very interesting and that why everyone they are crazy about it.
full member
Activity: 266
Merit: 100
Platform for Investing in Cryptocurrency and ICOs
January 05, 2018, 03:25:27 AM
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.
hero member
Activity: 1610
Merit: 507
January 05, 2018, 01:55:05 AM
While crypto's can be used as a currency i don't think it is right now, more of an asset like you said.
I hope one day crypto's will be used as a currency meaning you can pay everything with it.

I don't think we can use crypto as a currency right now because I think every government does not yet accept cryptocurrency and they do not approve cryptocurrency become legal and only a few country that does this. maybe one day we can see cryptocurrency will be a new currency that every people from every country could use for paying something or buying some product in the local store and online store. and people will have another choice to pay and they don't have to carry their physical money to every place they want.
member
Activity: 168
Merit: 10
January 05, 2018, 01:46:33 AM
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?

For me both are accepted to bitcoin, it's a currency at the same time as an asset. Because it can make you rich or lose. If it's only for making transactions quick and easy then the price of bitcoin should not be like that rise and fall.

jr. member
Activity: 135
Merit: 1
January 05, 2018, 01:19:59 AM
Totally agree with you. Bitcoin is a currency. Every crypto currency is currency, not asset. But, people are treating it like an asset. If we consider fiat money, then we all know, it's not good to hold turn your notes to idle money. It doesn't help the economy. Keeping money in bank is not actually turning it into idle money. If idle money has no good in it then I guess it's true for all currencies. Bitcoin should be no different. If everyone is planning to just hold Bitcoin then it will be destroyed. We should change our view about how we see bitcoin.
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