Topic: Crypto is an Asset or Currency? - page 9. (Read 3385 times)
In my opinion,Crypto is a currency that can be hold as an asset.Whether crypto is buy at a low price,holding it for price rise and selling it if the price increases,these aspects are under the coverage.The price of crypto is increasing day by day in market,so hopefully it'll be treated as a future asset.Btc is the most expensive and valuable of all crypto.
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?
Well for me, I see that crypto can act as both currency and an asset since cryptos are flexible to accommodate both attributes that an asset and a currency can possess. Crypto can be a currency since it was an innovated version of our regular currency we currently have right now in which can also be used for payments in terms of online usage which is said to be easy and fast doing transactions even without the physical payment method of cash. It acts as an asset on the other hand in a way that cryptos are good for investments since it was volatile and has the great capacity and potential to grow which is beneficial if you are going to hold it for a long period of time. 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?
In an article once I read that to making of bitcoin was the main reason to show the banking system that they can develop more secure technology to make the transaction and secure the data of banking system but in Actual at that time no one taken attention at this this but time to time many people gaves support and now today what the bitcoin is today everyone knows and also in these days many banks are thinking to execute the technology of bitcoin bloclchain in baking sector .What is your opinion?
So here we can say that bitcoin can be consider as like both ( asset as well as currency ) but depending upon that Person that in which way he is using the cryptocurrency .
Here I am using bitcoin and another few cryptourrency as an asset and also like as currency specially bitcoin .
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I view crypto more as currency but right now I think hardly many people view it as much because we are still in the infancy stages. Also many merchants aren't accepting cryptocurrencies which makes spending them terribly difficult at the moment.
Honestly nowadays only criminals using crypto as currency...others just looking for profit and saving/selling/buying cryptoccurencies like an 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?
I am more interested in saying that crypto is an asset because everyone invests its capital in crypto is making a profit, if it is said to be a currency, it will not profit, because the original nature of the currency is a tool used to transact... What is your opinion?
My opinion is that btcs are just well as it is now but use of it as digital currency will help a lot in making it an ease to people all over the globe
Currency is a sub-set of an asset. Assets can include property, car, machinery, cash (fiat), crypto
Cryptoz are better as assets then it would be easier to promote it primarily as side business in the world
Theoretically, a currency is issued, back and regulated by a central government or an institution in a union of states (like the euro). Therefore, cryptos are nor currencies.
An asset is linked to something, like the crypto token are linked to various real world good. Therefore, some cryptos can be seen as assets.
Commodities are products (can be produced), are different from services and can be traded and stored. Therefore, cryptos might be considered as commodities.
Conclusion: For me, while there is no regulation, no stability mechanics, cryptos are only assets and commodities but not currencie.
An asset is linked to something, like the crypto token are linked to various real world good. Therefore, some cryptos can be seen as assets.
Commodities are products (can be produced), are different from services and can be traded and stored. Therefore, cryptos might be considered as commodities.
Conclusion: For me, while there is no regulation, no stability mechanics, cryptos are only assets and commodities but not currencie.
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?
Bitcoin is a cryptocurrency with the utility to transact online. But because bitcoin prices are increasing so many people call it an asset.
Cypto is a currency created for the purpose of making transactions fast, safe, secure and especially not affected by the economy, but only influenced by the law of supply and demand. So it can be considered a kind of property. So keep the property and sell when the price is absolutely normal. however when it was object oriented, the transaction may be the same as you say.
It may take time or years before it will consider as an asset, it is alright regardless of how people treat this what matters is we can use it as a currency and can pay our bills thru this, and it is also important rather than that is that we are thankful that bitcoin is not banned in our country.
Cypto is a currency created for the purpose of making transactions fast, safe, secure and especially not affected by the economy, but only influenced by the law of supply and demand. So it can be considered a kind of property. So keep the property and sell when the price is absolutely normal. however when it was object oriented, the transaction may be the same as you say.
Cryptos are the best assets and on other is currency as well.One can easily make online payments through cryptos hence it's a currency and one can earn huge profit in long term if used as an asset.It can be used as an asset and as currency also.
as you said, the initial purpose of crypto is to make transactions quickly and easily. and this has attracted a lot of interest everyone and made it expensive. after that, the view to crypto began to change because of its increasing price, now crypto is treated like a valuable asset that can generate profits. and that means, now crypto has become both, as currency and asset for investment.
Crypto is an asset or currency?
Crypto is both asset and currency. You can buy thing through this. It also offer big profit for everyone and give opportunity to grow their money. Todays new indemand business are related to blockchain. This technology offers a good opportunity for everyone.
Crypto is both asset and currency. You can buy thing through this. It also offer big profit for everyone and give opportunity to grow their money. Todays new indemand business are related to blockchain. This technology offers a good opportunity for everyone.
For me crypto is both an asset and a currency depends on how its holder is utilizing it. You can use it as a mode of payment so it is a currency but then you can use it as your asset in trading or even investing for your future.
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 for me, cryptocurrency can be both considered as a currency and even an asset since the attributes or characteristics that both currency and an asset can be seen on cryptocurrency's self characteristics. Cryptocurrency as a currency because it is quite that obvious that a cryptocurrency is called a currency because it is really meant to be in that way since it is used up for payment purposes and to evenly make fast transactions in any part of the world. It acts as an asset in a way that it is potentially grow in a span of time which makes it as a good thing to be used up into investment proper. What is your opinion?
crypto is a digital currency but can also be made into assets because some of the coins can be high value. So basically and technically, Bitcoin is among the currencies and assets.
My answer about this question about if bitcoin is an asset or currency will be, both. It is an asset at the same time a currency, a digital currency to be exact. Since owning a bitcoin or any other crypto currency gives you like a digital asset which you can trade online to any real world items as long as they accept bitcoins for payment then yes it is an asset. And at the same time since you can transact via bitcoin it is also considered an currency which you can use anywhere even if outside the country as long as that country’s government doesn’t impose a ban on bitcoins like what they did in china and some middle east nations.
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