Topic: Crypto is an Asset or Currency? - page 29. (Read 3385 times)
Cryptocurrencies are mostly currencies because they have unlimited supplies, centralized governance, and it's build for being a payment system. Other than that, no other crypto compares to BTC at being an all-in-one form of money. You can invest in it as if it was an asset, or you can use it as a currency. Right now it is best ot hold them and save them though.
At the moment it is a means of exchange and speculation.
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 its more of an asset than a currency since most people just hold and invest to it, unlike currency which we use daily.
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's already internationally accessible. The problem is they popularity amongst laymen is scarce. Once it becomes more popular the price will become a bit more stable and everyone can benefit from from trading with btc. It's better as an asset for effective profits or an investment for long term earnings. What is your opinion?
In accounting, currency is classified as assets if you are holding it. Bitcoin and others coins should be looked at as assets and currency at the same time just as dollars! Bitcoin can been used as a mode of payment, a store of values and a medium of exchange for good and services. Bitcoin is also an assets because you can buy and hold it for long-term purposes.
crpto curreny is used more as an asset,in crypto too i believe bitcoin is more treated as asset than altcoins they are more treated as currency and mostly exchanged or spend as soon as a good price is available, yes crypto currencies were ment to be used as currencies,taking eg of bitcoin its still very volatile , and it can be only use as currency in future when its price will become more stable and then more and more retailers are going to accept it,so i don't think the purpose of it is destroying ,its just not being used as it was meant to be presently but in future it definitely will
Cryptocurrency is both. They are both asset and also currency at the same time because with cryptocurrencies we can use them to make a complete purchase online and execute a safe payment system and we can also just hold them and keep them for long term and have some chance to make a lot of money with it.
I do not see any signs of bitcoin currency. You can now make purchases directly with bitcoin. You can not officially change their bitcoins in the Bank. Bitcoin is very similar to traveler's checks. He has value but only under certain conditions. If tomorrow the exchange and the online exchange will stop working we will figure it out.
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.
Crypto is more an asset than a currency. Crypto currencies are decentralised in nature. They are more volatile than traditional currencies. So trading is such assets are more risky. On a marginal fall we may have to bear huge loss. On other hand due to its unique features they are more popular; their price is increasing from time to time. So if we treat it as an asset it will have you more money. We must grab advantage of its volatility. We must buy in installements, i.e. must buy on every fall.
Before bitcoin is more of currency, that's why we call it cryptocurrency right? It all started there but we are just good in using things for different purposes and bitcoin now is more considerable as an asset, as an investment and this makes everyone to invest more on it that adds the market cap. The way many thinks that bitcoin is good for buy,reserve/hold will give profit which is true and this makes it an asset.
It is still a digital crypto currency. However the valuation of this crypto is increasing day by day and that to leaps and bounds. Thus most of people in bitcoin are holding them instead of using it as currency. Consider anyone who has paid for meal worth 5 dollars in bitcoin seven year ago, would consider it as grave mistake. because at bitcoin valuation of those 5 dollars has increased to the million dollars today. Thus at this stage nobody want to spend the bitcoin as currency. There is nothing wrong in that. We all are doing that. Specially nowadays when big financial players are entering market, it is even more dangerous to spend your coins. Accept it or not but bitcoin is the most profitable investment tool available in market which still could return better profit. Cryptocurrency is both. They are both asset and also currency at the same time because with cryptocurrencies we can use them to make a complete purchase online and execute a safe payment system and we can also just hold them and keep them for long term and have some chance to make a lot of money with it.
I do not see any signs of bitcoin currency. You can now make purchases directly with bitcoin. You can not officially change their bitcoins in the Bank. Bitcoin is very similar to traveler's checks. He has value but only under certain conditions. If tomorrow the exchange and the online exchange will stop working we will figure it out. 
Who wouldn't think of it as an asset? Bitcoin can make you rich in time. If that's not what assets are for then i don't know. The value of of bitcoin is being seen more of a way to grow money. It's status as a currency would have to take a backseat to that fact
Assets aren't about making people rich, which basically also applies to Bitcoin. Bitcoin however is still newbie in a market with plenty of developed and strong assets. It's the immature market of Bitcoin that makes people earn a decent chunk of profits, but eventually this will change when the market stabilizes with enough institutional capital that will 'tame' Bitcoin, to use their words. People back when the price was still below the $1000 level were already struggling to buy themselves a whole Bitcoin, and now it's far worse with current levels, so how exactly will it make people rich if they buy just 0.1BTC? Bitcoin will definitely push your wealth forward throughout the years, but for the far majority of the people, it by far won't make them rich. Forget about that.
Yes crypto was created originally to be used as a currency and it became an asset that can be used as an investment by holding it for a long term. It means that crypto is really a good invention because it's not just can make the transactions easy but also helping many people to gain profit from investment. It doesn't matter what is its intended use but what important is it has many uses that can help many people in any ways.
Cryptocurrency is both. They are both asset and also currency at the same time because with cryptocurrencies we can use them to make a complete purchase online and execute a safe payment system and we can also just hold them and keep them for long term and have some chance to make a lot of money with 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?
I think its not bitcoin is still a cryptocurrency in whatever we did it is a medium exhange that exist online and i think as an asset is a choice and it is both an asset and cryptocurrency. What is your opinion?
but holding crypto currency will be one of the worst things that one can do, he can rather be an investor/trader. Holding won't make him rich in a short run.
What makes you say that holding crypto is the worst? Imo that's the best thing you could do with bitcoin if you don't want to do any transactions from your wallet. There's no certainty that someone won't profit by holding bitcoin in the short run because Bitcoin's price is unpredictable there's always a chance that it goes up. One good example is when you bought bitcoin last week then plan to sell them today. 
If i were to be asked about this question i would probably say both, since they are also good in their own special way, although crypto currencies are purposely made to be used as a currency, because of its fluctuation and for being decntralized it can be consider as an asset.
yes because many die and them bitcoin end also some hold a lot and lost password
Invest Buy / Sell is good way
Invest Buy / Sell is good way
Bitcoin is now in stage of development. Now comes the primary accumulation of capital. So we see a big increase in price. This was the reason that people use bitcoin as an asset for investment. I hope that the situation will change. Bitcoin will be timely to modernize and become a full-fledged currency.
One does not go without the other.
I mean, if you want to create an efficient money, spreading and beeing widely used, then you must allow people to "play with", at least a bit.
Currently, money does not only serve as value index. It is also a tool to make profitable bets. It can jeopardize the currency in itself but you can't go against it.
The huge difference between bitcoin and other currencies is that you have a real tracking possible for the first, preventing big players to create their own rules.
I mean, if you want to create an efficient money, spreading and beeing widely used, then you must allow people to "play with", at least a bit.
Currently, money does not only serve as value index. It is also a tool to make profitable bets. It can jeopardize the currency in itself but you can't go against it.
The huge difference between bitcoin and other currencies is that you have a real tracking possible for the first, preventing big players to create their own rules.
Jump to: