Topic: Crypto is an Asset or Currency? - page 26. (Read 3385 times)
For this topics, my opinion is crypto is an asset and currency too.Bitcoin is used both.Maximum times it used as an asset but in the same time is also used as a currency. For that,my opinion is crypto used an asset and currency too.
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 can be classified as both. This can classified as an asset because this can give you much resources as you continuously invest. This can also said as a currency as it is aiming to be the new currency of the future for this is made to transact online resources that can a payment for everyone. It depends on how you will use Cryto as a term. What is your opinion?
for me it is an asset, because I can't use bitcoin as a currency in my life - I can't pay for services or goods by it
I think it is an asset, but can be used also as a currency in some places. The rate in which Bitcoin is used as a currency is very limited, so the main purpose is for it to be an asset that can easily be shared. And lastly, you’re wrong by saying you can’t use it to pay for services and goods, cause there are lots of places you can use bitcoin to do whatever you wish, like buying clothes and a lot more others. 
for me it is an asset, because I can't use bitcoin as a currency in my life - I can't pay for services or goods by it
In short it is a currency as well an asset, because this gets used as payment and for transactions. As a form of asset, it gets hold as store of value and on other lending necessity. On the whole for what it has been used much is for investment than as currency or asset.
In my opinions crypto are trading commodity but recently crypto are like currency but this cannot say as currency because crypto donot have legalized on many country.
Yes. The term itself defines it as cryptocurrency but because of its value and unstoppable rise in popularity people began to make it an asset. Investing their savings on it. Our government and banks warned bitcoin investor. They said that investors do not have any assurance that their investments is going to last or stay. No guarantee and no assurance. In any moment they said it can disappear. Can be hacked or just lost its value to nothing.
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 was originally planned to be a digital currency but become an assets for reason been that its actual value is yet to be achieved because of low adoption as to be use as a legal tender for goods and services any where in the world. In a developing countries Dollar and other strong currency serve as an assets because their local currency fluctuates against Dollar and others so Bitcoin or crypto currency serving as an assets should not be an issue of much concern Op. What is your opinion?
It is either both because it'll depend upon the usage of the cryptocurrency. Some use bitcoin to pay for services and goods, while others prefer to keep and view it as asset.
My dear, in fact, it is not just like you like, it would be too easy ! It depends of the country you are from. In Japan it is considered a currency, but in most of the countries it is an asset and thus it is not taxed as long as you do not turn it into actual fiat money.
It is either both because it'll depend upon the usage of the cryptocurrency. Some use bitcoin to pay for services and goods, while others prefer to keep and view it as asset.
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 an asset and a currency because cryptocurrencies can now be converted to fiat money or it can even be used to pay for services, goods, trading and a lot more. Cryptocurrencies are good investments because their value grows depending on the market demand.
I would argue that Bitcoin is more an asset. because Bitcoin is just a digital value that we can convert into currency, and vice versa from currency to Bitcoin. which we must manage and save for our future, or for the use of daily needs.
tbh that does make sense, seeing that so many people only use bitcoin as sort of investment sometimes bugging me with the reason of why bitcoin called as a digital currency by early adopters then.It's an asset that have value converted to fiat that's it, it's not as convenient to be used as fiat so from my point of view, digital asset would be the best call for bitcoin.
I will say both an asset and a currency. Bitcoin for me is considered as a currency because there are some sites that are accepting bitcoin as a payment. Not only sites but in some establishments too, they accept bitcoin as another way of payment. Bitcoin is a currency and at the same time it is an asset for me because it can give you profits when you hold it or do some trading or gambling. Bitcoin for me is both an asset and a currency.
I believe many consider it is a currency. Why?
It's something you can use to pay for something.
Can you pay for something with an asset? No, the best you can do is to trade an asset. We don't know for sure what the government will officially classify it as yet but the line of distinction between the two is a bit blurred at the moment.
It's something you can use to pay for something.
Can you pay for something with an asset? No, the best you can do is to trade an asset. We don't know for sure what the government will officially classify it as yet but the line of distinction between the two is a bit blurred at the moment.
Well I think in the short run it is a currency, but since the supply is not very abundant ,in the longer run it can well be treated as an asset,because over a period of time a resource that you have in limited supply will tend to have its value increased.Add to it, the increase in future demand of crypto-currency you might well be in a commanding position to get a hefty value for each unit of cryptocurrency
I would argue that Bitcoin is more an asset. because Bitcoin is just a digital value that we can convert into currency, and vice versa from currency to Bitcoin. which we must manage and save for our future, or for the use of daily needs.
Crypto is an asset for me because when you have cryptocurrency, you can have a chance to increase its value without doing anything but just holding it or keeping it safely in a crypto wallet. There is a lot of crypto in the market and they have different project or vision for the future so i think that they are not good for being a currency because they have their own business and responsibility to deal with.
Yes of course I consider bitcoin as asset too. Reason is same, it has been fantastic in last few years since its development for the very first time. Bitcoin have proved us that it has that much potential to make you rich if you are going on a right path and with full devotion and hard work. Thus like you have just said, bitcoin is an asset that can yield you more value only by holding. Just like any bought land. 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 or crypto currency can be an asset of anyone, cause it can be owned by anyone whoever wants to have it. Most of bitcoiners use to hold it until it becomes to its greatest value, and yes I believe that it may destroy the main reason of creating cryptocurrency. It must not be the main purpose of it, instead it must be made to create a new world of currency in which will destroy the fiat money. What is your opinion?
Yes, I agree with you. BTC price is fluctuating so it may be risky for an organization to accept it as payment mode.
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?
Yes bitcoin can be an asset and crypto. Bitcoin has been created for a purpose and the purpose of it is to act as an online crypto where we can use to transact online. Bitcoin also an asset since everyone of us is using bitcoin as a part time job where every users of bitcoin has been benefited financially and many of us now is holding bitcoin because bitcoin has the potential to continually increase
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 in the form of Bitcoin is both a digital currency and an asset. It main purpose was a digital currency. This can be used for online tansactions and money transfer. On the other hand, this becomes an asset since we used cryptocurrency in investments. Especially for Bitcoin, which the trend of its value goes up. With this, bitcoin is also termed as a digital asset. What is your opinion?
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