Crypto currency is the word right?so is it a currency but people are using it as an asset due to its high price swings.But crypto was made to be used as an currency over internet because fiat currency can be hacked by hackers so some unknown people find bitcoin the first crypto.In crypto transaction no third party between while transaction so no one can take our money from us.
But people make use of its demand and price fluctuation to earn more profits and it turned out to be an asset due to its huge price.
Topic: Crypto is an Asset or Currency? - page 25. (Read 3405 times)
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?
Not at all, it is precisely the users who make cryptocurrency considered to be an asset, because it has high fluctuations but the price continues to increase. So there are People who really take advantage of the function of this cryptocurrency technology for transactions between countries to be faster and require smaller transaction costs, And there are also those who make it as an asset that they believe can bring huge profits in the future.
It is an asset that has some properties of a currency. It could be used as a currency, but it's mostly used and most of its value comes from speculation and long term investing, only marginally is it actually used to make payments.
Bitcoin is not an asset, because it does not generate cash flows for its holders. This is not a commodity, since it is not a raw material for the production of anything useful. Bitcoin is a "young" currency. Conclusions:
1. Bitcoin can not be attributed to any class of assets.
2. You can not estimate the intrinsic cost of bitcoin, but only determine its price.
3. It can be considered a currency.
4.You do not invest in bitcoin, but only trade them.
5. Important trader qualities.
1. Bitcoin can not be attributed to any class of assets.
2. You can not estimate the intrinsic cost of bitcoin, but only determine its price.
3. It can be considered a currency.
4.You do not invest in bitcoin, but only trade them.
5. Important trader qualities.
depend on use if you use it as payment system it is digital currency .
if you hold it for future it is investment
if you hold it for future it is 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?
It can be both. It is really a currency but just happened to be an investment, a profitable investment. Butcoin"s market value surprised everyone as its market price continuously increase at a high and fast rate which made it a profitable investment to its users and also investors. So I think it is both an asset and currency. What is your opinion?
I think crypto is an Asset because people uses crypto to makes profit like in trading, they buy coin and sell it. Also people dont use crypto to buy things as we do with our currencies. So crypto are an asset.
Some crypto are made in such ways that they can only be used as an asset if its value rises over the time, but their are few coins emerging in the market which basic function will be to use as a currency like recently Bonpay ICO focused upon their use as a currency for which they introduced debit cards and so on. Bitcoin can also be used as a currency when its transaction fees comes to normal as it can greatly effective across different countries.
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?
If you make it logical, crypto is used in transaction but how it will be transacted if there is no one holding? Crypto is useless if there is no person holding it. Don't stake on definition of it focus on how crypto works. Until the usage of the crypto is to transact easily and fast, it has a purpose. What is your opinion?
crypto is the currency that can be made asset. because by making our assets can achieve a good future. some people in the world regard crypto as a bright future
All have their own goals with crypto, but i think crypto can be interpreted as both. Crypto can be used as a future asset of our investment or make it as a currency for digital payment, because now many supermarkets and restaurants are receiving payments through bitcoin.
But i myself prefer assets than currency, because in my country don't have many places that receive payment via bitcoin then what i do is make crypto as an asset.
But i myself prefer assets than currency, because in my country don't have many places that receive payment via bitcoin then what i do is make crypto as an asset.
Cryptos can be considered as asset if you invest and don't use it as digital currency. It was created as digital currency but since its price soared it more people invested their altcoins.
Well crypto currencies can be a great asset if invested properly as there are some people who have invested a lot into altcoins which is great but at the same time be need to do a dip check into the road map and the purpose of the altcoins before investing because if we do not check anything and randomly invest we will end up losing money as we can see there are many ICO which is emerging everyday but we need to choose the best out of those as all the alts cannot be fruitful so if we invest into right ICO then that would be the biggest asset
Cryptos can be considered as asset if you invest and don't use it as digital currency. It was created as digital currency but since its price soared it more people invested their altcoins.
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?
Depending on the opinion of each person and they will have their own perception of crypto, but I think all altcoin are currencies. What is your opinion?
Yes I agree that some coins are only used as an asset than currency but there are many coins which can be used as a currency. Most of the people on this forum are now started using bitcoins as an asset because people believe that bitcoins have potential to reach $50k or even more on the other side many altcoins provides quick transaction with almost no fees can be used as a currency.
The world of transactions is constantly changing, the trade that used to be only the present state of the individual can be free to buy anything from other countries, surely this is a tricky thing if using fiat money and cryptocurrency could be the solution for that...
I think crypto currency is both asset and money and you can store all the crypto as an asset because all the coins are money if you store your coins then it means you have money and if you have a money then you can make big assests with a big money. 
Crypto is definitely is an currency but people are using it as an asset buy using its rapid price increase.
But crypto was found to use as an online currency with anonymous transactions so no one hack or trace our transactions.The first crypto was bitcoin the value of bitcoin when launched was less than dollar but now it is at $16K still increasing.So people think that is an asset if e have that crypto then we can earn good profit in future.
But crypto was found to use as an online currency with anonymous transactions so no one hack or trace our transactions.The first crypto was bitcoin the value of bitcoin when launched was less than dollar but now it is at $16K still increasing.So people think that is an asset if e have that crypto then we can earn good profit in future.
The world of transactions is constantly changing, the trade that used to be only the present state of the individual can be free to buy anything from other countries, surely this is a tricky thing if using fiat money and cryptocurrency could be the solution for that...
According to my idea the incoming time all people will become the followers of crypto because crypto is more profitable and easy job also while stock is not favorite as crypto and working with stock is difficult and not more profitable as compare to crypto. 
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?
Bitcoin is both a currency and an asset. Bitcoin is really a currency in the first place, specifically a virtual or digital currency. But due to the high rate of increase on its value, it became an asset and a good investment whereas users also became an investor that earns huge profit by just storing 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?
What is your opinion?
Both!crypto maybe i can call it an asset and also currency because of its significant in the world of digital currency.i can call it an asset because it is an investment or wealth that you can inherit to your siblings,and we called it also a currency because its usefulness in terms of exchange in fiat currency or payment transaction.
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