Topic: Crypto is an Asset or Currency? - page 5. (Read 3385 times)
Bitcoin for example is originally intended to be the official CURRENCY of the internet. However, due to certain unavoidabke circumstances bitcoin was unable fulfill the said purpose. And bitcoin as of bow has been used as an asset for investment. So, considering the current status of cryptocurrencies I would say that it is an asset.
We can use crypto asset and currency both but crypto market is usually changing the value so i like to use like a currency.
For me they are both useful as an asset at the same time as currency, As an asset where in we could earn profit while holding to it for the right to soar up, and the same time as currency because we can trade our bitcoins to stocks or any stuff through internet access. The dis advantage of this asset class are the fact that they are digitally correlated and subject to high degrees of individual and group of social engineering, For example, a great deal of the theft or loss of digital asset typically result from people locking themselves out of their digital wallets losing their encrypted keys or people gaining unwanted access, after which point the asset are easily transferred and hard to track down, In short like so many cyber threats the loss or theft of digital assets often lies between the keyboard and the chair.
The Israeli tax department defines a digital encryption currency as an asset and taxes it!
Germany's digital encryption currency is not taxed as a means of payment!
Governments have different definitions of digital cryptocurrency, and single countries recognize the legitimacy of cryptographic currencies.
Germany's digital encryption currency is not taxed as a means of payment!
Governments have different definitions of digital cryptocurrency, and single countries recognize the legitimacy of cryptographic currencies.
Digital currency is a kind of trend, all kinds of metal currency appeared on the history, after thousands of years of development, ultimately determine the gold for decentralized general metal, encryption currency is the same, it is assets and currencies, can sell goods can also invest enough money.
Crypto I think it is cash since it generally courses in the blockchain system and individuals trade it with each other as indicated by their requirements. The absolute most exchanged monetary standards are bitcoin, ethereum. Swells are utilized by banks as trade instruments. So the swell is the money. There are some crypto individuals who guess for an opportunity to make a benefit. Some crypto possessions take after the plan of action, speculators hold to be part benefits.
I will consent to the definition you shared about the money however the definition and the framework should be redesignd as per the time keeping in see the requests of the general population of this age. There is most likely that by and by digital money can be called as a benefit yet I am especially cheerful that this advantage will in the end turn into the cash of the world with individuals choosing about its future.
It's difficult to say cryptocurrency will replace fiat money. Most of us think cryptocurrencies are not true currencies and should instead be thought of as crypto assets, adding that they could have valuable future applications, for instance, as part of more innovative, efficient, and reliable payment systems. But cryptocurrencies could be decentralised and self execute, it's revolution. And based on the human history, no one could stop the revolution thing. Welcome to a truly free ecconomy where govt is not in control!
I'll be honest with you guys. Bitcoins as of now aren't treated as currencies but instead as an asset of investment. People mau argue, but that is the current situation. Sure in the future bitcoin might serve it's main purpose of being a currency. But as of now, bitcoin is considered an asset. Nothing more, nothing less.
Cryptocurrencies are a speculative asset class, an interesting investment choice for those looking to store and potentially grow their wealth. In my own point of view, cryptocurrencies can never become a currency due to their high level of volatility that might lead to sudden drop in value. Also, lengthy transaction times and high failure rates have made crypto payments anything but convenient.
First of all it's a currency but nowadays people mostly using crypto as an asset to get profit. World getting a lot of problems because of this people at my opinion.
Crypto is both currency and asset. We can treat it as our income from work or as our passion. Just what do you want.
Nakamoto's purpose was to create an electronic cash system capable of working without going through a financial institution and also without the need for a trusted third party to prevent double-spending.
The system works as we know, as it as been improved in a way that no longer requires PoW and can use PoS instead.
But this system cannot be classified as a "currency" according to the current definition of the word.
Someone in a previous post classified cryptos as "intangible assets" and that kinda makes sense to me.
Digital coins? Maybe...
Intangible assets? Probably!
Blockchain commodities? Sure, why not?
Crypto currencies? No, I don't think so!
The system works as we know, as it as been improved in a way that no longer requires PoW and can use PoS instead.
But this system cannot be classified as a "currency" according to the current definition of the word.
Someone in a previous post classified cryptos as "intangible assets" and that kinda makes sense to me.
Digital coins? Maybe...
Intangible assets? Probably!
Blockchain commodities? Sure, why not?
Crypto currencies? No, I don't think so!
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?
Crypto can be designated as asset and currency which ever you like to use it. Since crypto is in the early stage of growth many people use it as asset because of their experience of high rate of ROI. In due time when the gain from investing crypto subside the original purpose of currency will prevail which is as future fiat of the people.
Both of them. Many people save their money in bank to fill their asset. Buying a foreign money to keep it and sell it to take a profit same as buying coin or bitcoin and keep it for a long term to gain profit. Crypto could we use as a tool payment in online shop or offline shop that receive cryptocurrency that means it has a value to call it a currency.
I think for me, I make the crypto as my asset and my currency but not in my real life. I use the crypto for the asset for a long-term and I still try to hold much of coins and not sell if the price does not reach the high price. I use the crypto as my currency on the internet so I can sell the crypto to have money and then I can cash out in my bank account. but if my government is accepting the crypto as a new currency then I will use the crypto to pay something in my real life too.
Asset is a token which is issued onto a blockchain,and generally represents something which does not derive its value directly from the chain.For example a bank might issue an asset onto a blockchain to represent some cash it is holding.
crypto is a currency! that's why almost all of us called cryptocurrencies right. for sure there are still many people that are believing that bitcoin is an asset but i also do believe that 
we have our own opinion in every each everyone of us.
we have our own opinion in every each everyone of us. 
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?
Crypto is both an asset and a currency. Just like any other fiat, you can use it to transact and at the same time trade to other currency such as your local currency to USD or EUR and hold it as investment. I personally do not see a problem on that. It is more of an advantage for crypto to be fully useful.
I think the right term for crypto is an intangible asset. It is a digitalized currency that has became an asset because a lot have been buying it. Its intangible since you can’t have it physically unless you exchange it.
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