Not all of them.
Some is just so good to hold which many are thinking to be valuable in the future.
It is not a bad idea if you think of it. Plus they are also risking it by holding so it is actually a courageous act.
If suddenly it became a shitcoin then what else they will profit for?
Perhaps we should also think about their side. Others are being used as a currency. Litecoin is an example.
Topic: Crypto is an Asset or Currency? - page 32. (Read 3405 times)
Crypto exactly is a actor have 2 faces. It is an asset and currency as well.
Once you are holder crypto is asset
once you are trader crypto is currency
Basically crypto refers to an algorithms and schemes or a digital system, therefore cryptocurrency is a digital or virtual currency and yes it is a currency because it has its own market value and lively fluctuating due to its demand and supply and since it has a market value then it is considered as an asset because it is convertible into cash. Once you are holder crypto is asset
once you are trader crypto is currency
yes bitcoin function is now no longer a means of payment transactions but is a valuable asset that has fantastic value, the rapid progress of bitcoin has been able to instill trust from all parties as well as elements of society to contribute in bitcoin resulting in high demand in bitcoin that impact on rising prices
I agree.Bitcoin is not just a digital currency but it is more on an asset that any person would really run into.Especially now that its increasing more of its value,people consider it as a biggest investment that will totally give us security in the future and ensure even the bright future of our family.Well, they are both income generating crypto currency are made to asset worth and currency because asset has a value making it a currency. And currency is bisically has a value and being used as a medium of exchange.
yes bitcoin function is now no longer a means of payment transactions but is a valuable asset that has fantastic value, the rapid progress of bitcoin has been able to instill trust from all parties as well as elements of society to contribute in bitcoin resulting in high demand in bitcoin that impact on rising prices
I agree.Bitcoin is not just a digital currency but it is more on an asset that any person would really run into.Especially now that its increasing more of its value,people consider it as a biggest investment that will totally give us security in the future and ensure even the bright future of our family.
Bitcoin is consider as money, which is money consider as an valued asset of ones owner.
yes bitcoin function is now no longer a means of payment transactions but is a valuable asset that has fantastic value, the rapid progress of bitcoin has been able to instill trust from all parties as well as elements of society to contribute in bitcoin resulting in high demand in bitcoin that impact on rising prices
Bitcoin was developed for serving both the purposes that is one of currency and the other of asset. But bitcoin largely have became an asset today because of limited supply. Due to which inflation will go to zero and then negative. Hence, price of Bitcoin will increase in accordance to increasing demand. This will make people hoard Bitcoin instead of using it for everyday transactions ultimately killing the Bitcoin's currency use.
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 see this is very normal, the initial purpose of paper currency help easy to trading product but after it's use to saving, i think crypto currency is same
Crypto is asset and currency both in the business terminology it will be a liquid form of asset which can be easily used for cash payments etc it is an asset people can use it by their own willing we can easily use our money for shopping and some other purposes as well. in the modern time people can purchase online games they can easily buy their own needs which is possible through this asset which is 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?
first i would say cryptocurrency is better as an asset that can be more valuable in next future.
it can not destroy the initial purpose as currency since we can do both of that purpose.
Crypto exactly is a actor have 2 faces. It is an asset and currency as well.
Once you are holder crypto is asset
once you are trader crypto is currency
Once you are holder crypto is asset
once you are trader crypto is currency
While it was created to be a currency, in its current state and usage form by people Bitcoin is an asset and nothing more then that. The rapid price fluctuation in Bitcoin isn't due to more and more people using it and accepting it. It's from people who want to trade it and make some good money off of it, it's sad to think about but that's the reality of Bitcoin today.
Amazing idea, but it's stuck with people that don't care for this idea at all. They want to make some good money and dash.
Amazing idea, but it's stuck with people that don't care for this idea at all. They want to make some good money and dash.
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 would say cryptos are both asset and currency at the same time. Cryptocurrencies especially Bitcoin, primary concept is to be a decentralized digital currency to be used as payment method for buying goods online without the help of any authorities and banks, cryptocurrencies are also an asset where people can invest and use it for trading on exchanges to make profit from it. But I think investors and regulators view cryptocurrencies more as an assets than actual currencies because the value of cryptocurrencies are highly volatile to be considered as currency. What is your opinion?
It really is whatever you want it to be. Bitcoin can be an asset, a currency or perhaps even both. It has the infastructure to be both and after that it's really up to you how you handle it to get the wanted benefits out out it. Bitcoin is for everyone and for whatever reason they want to use 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?
What is your opinion?
Although Cryptocurrencies are nowadays widely used as assets but I think this is good for its survival.
Several cryptocurrencies provides very good ecosystem to be used as merchant currency. They provide secure and speedy gateway to create, process and deliver orders. But to enthusiast people so they actually turn to cryptocurrencies, cryptos need to be better than fiats in some way. The highly-volatile behavior of cryptos fufill this need. So cryptos are better to have both aspects of currency and asset together than one being dominated by other.
all this time, i assume crypto is an asset. because people who use bitcoin or other coins, they use it for trading or investment and expect a big profit. I also do the same thing.
Exactly, the core principle of Bitcoin is focused on making it a good system that facilitates the transfer of value without any intermediary and borders so it should be used as a currency. However, Bitcoin as a technology is still in the beta phase and hence there are many opportunities for speculative gains and we can call it a by-product of it and I don't see any wrong in en-cashing those opportunities as it is kind of reward system given for contribution in the development of Bitcoin. At a certain point in future, Bitcoin will gain stability and then we won't see speculative market as compared to that of today.
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?
Its true that crypto currencies,especially bitcoin was created as a decentralized currency with an aim of providing a P2P platform for sending money without the need of banks.But as its price started to grow,people found it to be a high return giving asset rather than a currency.They just started to accumulate huge nunber of bitcoins as an investment.but still,it is also used as a currency for paying in some online stores.So,we could term it both as a currency and as a digital asset. What is your opinion?
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 can be used both as a currency and asset. it's better as a currency as you can earn effective profits compared to leaving it as an investment. volatility can mainly influence your decision of using it as a currency or investment. What is your opinion?
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?
We can go back to a few years old.What is your opinion?
Where crypto like bitcoins are used to perform transactions in darkweb or micro trading transactions, but now situation have been changed. Currently we buy coins of crypto is considered profitable for as an asset, which for investment purposes only.
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