Topic: Crypto is an Asset or Currency? - page 6. (Read 3385 times)
For me both. Cryto is a currency because you can use it as payment, exchange it to other currency or even exchange it to fiat. Also an asset because it is valuable.
Crypto I think it is currency because it always circulates in the blockchain network and people exchange it with each other according to their needs. Some of the most traded currencies are bitcoin, ethereum. Ripples are used by banks as exchange instruments. So the ripple is the currency. There are some crypto people who speculate for a chance to make a profit. Some crypto holdings follow the business model, investors hold to be split profits.
All currencies are backed and regulated by a central bank or government.
Cryptos are non regulated by definition therefore they cannot be considered as currencies sensu stricto.
IMHO cryptos are assets or commodities.
I will agree to the definition you shared about the currency but the definition and the system needs to be overhauled in accordance with the time keeping in view the demands of the people of this generation. There is no doubt that presently crypto currency can be called as an asset but I am very much hopeful that this asset will eventually become the currency of the world with people deciding about its future. Cryptos are non regulated by definition therefore they cannot be considered as currencies sensu stricto.
IMHO cryptos are assets or commodities.
Digital assets and crypto-currencies are still new products in the world of finance. Therefore, it is not surprising that the interpretation of these concepts raises certain difficulties.
I think bitcoin is a asset and currency also, bitcoin is a currency which via you can make any deal where btc accept. bitcoin is a valuable asset and currency.
For me bitcoin can be both asset and currency and even bitcoin is not yet very popular but still there are some country that is starting to support bitcoin as a currency, and right now there is no doubt that bitcoin is an asset of a lot people in this world because having a bitcoin means having a great asset.
Cryptocurrency is today's virtual currency created by a Japanese professional named SATOSHI NAKAMOTO he is the one who created the first cripto money, created for the times and can be used as a digital currency exchange and digital currency delivery tool.
So cryptocurrency is a cripto currency exchange instrument in the form of coin digital currency.
In bitcoin market may be for all people in the world looking for profits in cripto money market.
Since all mutual benefits between sellers and buyers of cripto money have nothing to destroy the cripto money, this cripto money will never be destroyed.
So I guess your judgment is wrong with the people who invest with cripto money.
So cryptocurrency is a cripto currency exchange instrument in the form of coin digital currency.
In bitcoin market may be for all people in the world looking for profits in cripto money market.
Since all mutual benefits between sellers and buyers of cripto money have nothing to destroy the cripto money, this cripto money will never be destroyed.
So I guess your judgment is wrong with the people who invest with cripto money.
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 for me. why?
Asset is kind of thing that is really valuable or thing that really important like bitcoin. Asset a thing that could be seen in person also.
While currency is kind of money that use specific country and also a thing that really important to all humans.
I think crypto is an asset, we all know that there are currently over 1500 coins and tokens officially registered in coinmarketcap, this certainly makes the competition very tight, but I'm sure that in 5 more years there will only be no more than 100 coins.
Yes, crypto is an asset because it is the home of all coins that having some usable value and convertible into our local real money by means of trading and at the same it is a currency because every coin in crypto is registered for having real digital value and it is dependent on real market trend that is affected by people's demand. 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 it is asset, because transaction speed is very small for being currency 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?
What is your opinion?
Money seems to be a very familiar with, but not so sure, the concept of in the form of currency in different historical stages are not the same, from the physical currency, such as shells to precious metals such as gold and silver materials metal currency mainly completed the monetary form of the evolution of the standardization, metal currency notes are focused on money to ascend in the convenience store.
The concept of crypto currency is more complicated. First, it realizes the global point-to-point payment through the Internet, which greatly improves the circulation efficiency of the currency in the world. Second, its distribution and operation are fully automated by computer programs, and the total amount is constant, and its credit support is separated from the centralized mechanism of the existing central bank.
Encryption is an asset and a currency.
it's an asset in my opinion. trading fee is too high to be a currency
when people consider it as a asset, they would store it rather than trade it frequently
so it could survive with too expensive fee
when people consider it as a asset, they would store it rather than trade it frequently
so it could survive with too expensive fee
I think crypto is an asset, we all know that there are currently over 1500 coins and tokens officially registered in coinmarketcap, this certainly makes the competition very tight, but I'm sure that in 5 more years there will only be no more than 100 coins.
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?
Yes, I agree with this. People's response to Bitcoin varies, some consider it an asset as some consider Bitcoin a currency. For me personally consider Bitcoin as my assets, where all our wealth can be converted into Bitcoin form, and vice versa Bitcoin we can convert into real currency, so that later we can invest and get profit in the future. What is your opinion?
In my opinion, crypto-currency is both an asset and currency, you could use crypto-currency to make payment to anyone easily online without any restriction even if the person are staying in a country far away from your home, it is also an asset as its value will have a chance to rise over a long period of time.
crypto currency is an asset and people that has invested into the digital currency have a testimony on this. buying into this is a way of investing and preparing for the future.
In my opinion, crypto doesn't look like traditional currency. It looks more like an asset. I mostly compare it to shares. When a company first time releases its coins and distributes them to investors, it endows the holders of this currency not only with the pure amount of these coins but also with some rights behind it (rights to dividends, discounts on transactions within their system etc.). These are the features related to assets, securities.
All currencies are backed and regulated by a central bank or government.
Cryptos are non regulated by definition therefore they cannot be considered as currencies sensu stricto.
IMHO cryptos are assets or commodities.
Cryptos are non regulated by definition therefore they cannot be considered as currencies sensu stricto.
IMHO cryptos are assets or commodities.
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.
As of late in the media when all is said in done there was data that in Belarus had received a law restricting the tax assessment of work with the digital money. I don't know why or what it is associated with, however I was amazed, in light of the fact that the administration's strategy and activities in regards to the digital money are contrary.
I think the other Coin altcoin is a fiat currency that can also be called an asset in investing because there are some limited coins in inventory as well as a high value of nearly half of btc. As the time passes the coin prices continue to soar, the asset -
it may be your asset in the future. Do not get too confused because in the end what matters is making money by using your rare coin assets.
it may be your asset in the future. Do not get too confused because in the end what matters is making money by using your rare coin assets.
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