Crypto is an Asset or Currency? - page 22.

Jaya912

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Quote from: Tony_Nguyen on November 19, 2017, 07:44:08 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?

i know if we continue using Crypto as an asset then the goal of it will be a currency is destroying.
but i see the reason why people continue using crypto as an asset, it because crypto is profitable.
i dont mind if its happen, for me profit is most important.

michellee

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Quote from: gorodi on December 20, 2017, 11:31:55 AM

Quote from: Tony_Nguyen on November 19, 2017, 07:44:08 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?

Crypto is an investment asset, because the price of some coins is too high and I can not use the crypto currency in my country to buy the necessary things. I earn in crypto currency, but then I need to exchange it for cash to make purchases.

maybe someday you can use cryptocurrency to buy something in your country and until that time, I think you can use cryptocurrency as your investment like what I do now. but I think we can use cryptocurrency as both an asset and a currency because I see in out there, there is a website that accepting payment with cryptocurrency and they use bitcoin as the payment. so we can use cryptocurrency as a payment too but it is limit on a few online store.

Zertoshi

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I never really managed to figure it out, but at least it developed as a great means for crowdfunding my Bugatti Chiron, so pls continue to buy BTC's!

legoplayer245

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Asset nowadays. Currency is what you use to give a value to your assets, right now since more people wants to become wealthier on Cryptos they are purchasing and seeking to hold while it increases it's value, the same behavior an asset has.

im posible

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Haha, yes I agree with you. Initially the main purpose of bitcoin is as a digital currency but seeing the reality bitcoin is now precisely a valuable investment assets, even many who previously invested in gold are now choosing to invest btc

Lmaooo

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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.

Sleepy18

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At its purpose, i believe that bitcoin or other cryptocurrency's goal is to do online transaction faster and easier way of transfering money. It is so happened that many people wanted to have this kind of coin because of its potential to grow and had a bigger value in future! Just like the new born cryptocurrencies most of them wanted to be like bitcoin and they used ICO for them to gain capital and have funds. But you didny know whats their real agenda or platform! And those who brought that altcoin became a stack or assest. For them to trade it in future or exchange it in real money. Still the currency of bitcoin and any other coins matter because of its value in USD. And most of the ICO have a reference in dollar value.

Wylie330

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The purpose of some is a digital currency or a digital cash. But now we cannot take consider them as currency because not all are accepted by the authority. So they are merely a speculative asset rather than currency.

rosepetals

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Quote from: Tony_Nguyen on November 19, 2017, 07:44:08 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 is a digital currency that was created by technology in this digital world to enable us to benefit its usage in doing easy transactions using addresses and barcodes,it is also considered as a digital asset because as times flies and holders hodl their bitcoin it will become more valuable through demands in the market that supplies cannot cater the whole world its price pumps up so most people hold their btc as an asset for future usage.

budz0425

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Quote from: gorodi on December 20, 2017, 11:31:55 AM

Quote from: Tony_Nguyen on November 19, 2017, 07:44:08 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?

Crypto is an investment asset, because the price of some coins is too high and I can not use the crypto currency in my country to buy the necessary things. I earn in crypto currency, but then I need to exchange it for cash to make purchases.

A currency is an asset so in short they are just same by substance, asset has just a broad meaning in reality since asset can be a cash, a property tangible or intangible just like crypto which we all know cannot be seen so it is an intangible asset. Regardless of its meaning, we should have them on hand so we can enjoy their benefits.

gorodi

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Quote from: Tony_Nguyen on November 19, 2017, 07:44:08 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?

Crypto is an investment asset, because the price of some coins is too high and I can not use the crypto currency in my country to buy the necessary things. I earn in crypto currency, but then I need to exchange it for cash to make purchases.

matanglawin

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Quote from: Tony_Nguyen on November 19, 2017, 07:44:08 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?

Since it is not yet legal to most of the countries, I think it is more of an asset and investment. Its market value is continuously growing and becoming more expensive at a high rate making it one of the most profitable investment so far. But when the time come that it is already legal to most of the counteies, I think it will be more of a currency.

lance04

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I think the cryptocurrency or electronic currency plays the both role in our society.
Crypto is an asset to all people since they provide the public ways on how to earn income.
Another thing crypto is currency also which many countries cross over the world recognize its monetary value as a medium for all commercial transaction.

Pixyoxx

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Crypto is both asset and currency.
Currency in the sense that it can be used at trading platform, at buying and selling platforms and everywhere where money can be used.
Asset in the sense that it has its iwn investment capabilities.
It have its own value which is very popular and trusted and thus keeps increasing generally and thus works as a investment platform in itself.

ipanks

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Quote from: nethan1btc on December 19, 2017, 09:19:14 PM

Quote from: ArnoldChippy on December 19, 2017, 05:42:18 PM

Quote from: logicgate on December 17, 2017, 03:52:19 PM

Quote from: cheann20 on December 17, 2017, 12:24:51 PM

Quote from: Tony_Nguyen on November 19, 2017, 07:44:08 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?

I think its both we could say its an asset because we can use it in our payment method or we can have an extra income here in bitcoin.We could say its an asset because its like a gold that cannot be depreciated we can invest it to make it more profitable,but I believe the crypto is asset because we are buying and at the same time holds for the possibility of increasing the value. But if we use the word crypto, most people, they know it is a digital currency that speeds up the transaction when it comes to money..

It was basically a currency but people find it as investment and make it an investment coin and which is also permissible here and people are making money from it and it can be both the both modes are beneficial currency mode is not that much beneficial because of small acceptance if bitcoin as payment in online outlets and sooner the currency use will be started at large scale and that will give more rise to the prices.

Yes that is right that bitcoin is created as currency but as by holding it can really give ua s good profit, even if we hold it for some time it can give us a good profit.

Maybe you're right, but when it comes of the situation that you're going to hold it for a long-term , perhaps it will be an best asset of your life which can give a chance to become rich someday through just be patient by holding it in long long-term. Because the bitcoin now is heading into $21,000 that has really have a big potential to be more valuable and might possible to be legalized in whole wide world.

I think for now many people using bitcoin as their asset and their currency at the same time. they use bitcoin to trade so they can save more bitcoin and then they will keep the bitcoin in their wallet. but if I see now, some people said that they use bitcoin for a long term investment but they become panic when they see the price is dropped too far like now and they decide to sell some amount of the bitcoin and I think they don't really use bitcoin as a long term investment. if they really use bitcoin as an investment, they will not getting panic and will stay calm and they will buy more bitcoin so they can increase their bitcoin.

nethan1btc

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Quote from: ArnoldChippy on December 19, 2017, 05:42:18 PM

Quote from: logicgate on December 17, 2017, 03:52:19 PM

Quote from: cheann20 on December 17, 2017, 12:24:51 PM

Quote from: Tony_Nguyen on November 19, 2017, 07:44:08 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?

I think its both we could say its an asset because we can use it in our payment method or we can have an extra income here in bitcoin.We could say its an asset because its like a gold that cannot be depreciated we can invest it to make it more profitable,but I believe the crypto is asset because we are buying and at the same time holds for the possibility of increasing the value. But if we use the word crypto, most people, they know it is a digital currency that speeds up the transaction when it comes to money..

It was basically a currency but people find it as investment and make it an investment coin and which is also permissible here and people are making money from it and it can be both the both modes are beneficial currency mode is not that much beneficial because of small acceptance if bitcoin as payment in online outlets and sooner the currency use will be started at large scale and that will give more rise to the prices.

Yes that is right that bitcoin is created as currency but as by holding it can really give ua s good profit, even if we hold it for some time it can give us a good profit.

Maybe you're right, but when it comes of the situation that you're going to hold it for a long-term , perhaps it will be an best asset of your life which can give a chance to become rich someday through just be patient by holding it in long long-term. Because the bitcoin now is heading into $21,000 that has really have a big potential to be more valuable and might possible to be legalized in whole wide world.

dragoz11

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If you are talking about bitcoin I do believe that it is definietly an asset as the price is depended on it and it is too huge to be a currency right now, but the others may be a currency.

princesspoppy

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Crypto can be both an asset or currency, at first people used crypto as an asset where they believe that more years later, they it can make a lot of profit from it, but as years go by, more and more companies/establishments are accepting bitcoin as a currency that is the reason why more and more people are investing in bitcoin for it to be their asset in the near future and also for them to use it as a currency for it is so convenient and hassle free to use for transactions.

Kong Hey Pakboy

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Crypto can be an asset or currency base on how we look and how we used it. It become currency because we used it as currency for every transaction that we have. Buying products, paying for services and others. We also used it for exchanging currencies, or having any transactions. Well we can see it as an asset because it was used by many people. It is a belonging of an individual yet he cannot touch it since it is tangible but once he convert it, he can.

ArnoldChippy

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Quote from: logicgate on December 17, 2017, 03:52:19 PM

Quote from: cheann20 on December 17, 2017, 12:24:51 PM

Quote from: Tony_Nguyen on November 19, 2017, 07:44:08 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?

I think its both we could say its an asset because we can use it in our payment method or we can have an extra income here in bitcoin.We could say its an asset because its like a gold that cannot be depreciated we can invest it to make it more profitable,but I believe the crypto is asset because we are buying and at the same time holds for the possibility of increasing the value. But if we use the word crypto, most people, they know it is a digital currency that speeds up the transaction when it comes to money..

It was basically a currency but people find it as investment and make it an investment coin and which is also permissible here and people are making money from it and it can be both the both modes are beneficial currency mode is not that much beneficial because of small acceptance if bitcoin as payment in online outlets and sooner the currency use will be started at large scale and that will give more rise to the prices.

Yes that is right that bitcoin is created as currency but as by holding it can really give ua s good profit, even if we hold it for some time it can give us a good profit.

Topic: Crypto is an Asset or Currency? - page 22. (Read 3385 times)