Not all Cryptocurrencies but Bitcoin is an asset.

[TheUltraElite]

They are. If you have $60 million worth of the latest fancy shitcoin you have an asset worth $60 million. It's another thing if the fancy shitcoin goes to 0 in a few months, but today you have an asset.

Same can happen with with stocks in short period of time. Maybe not real estate that soon but can happen.

In fact we are always juggling with the possibility of the "speculative" assets going up or down and that becomes a big part of when to buy and when to sell. Which leads us to the next part - just holding an asset is not everything you need to know when to sell it.

In memecoins, which I personally abhor, you have to sell them at the shortest holding time possible because they are invariably going to go down.

[YUriy1991]

That is why Bitcoin still remain at the top and lead the other crypto. I consider the other crypto is an additional asset that can be change following through the time. We see the crypto position now has been change than few years ago so that will happen in the future but Bitcoin still at the top. For me, Bitcoin can be an asset and also be a currency but Bitcoin has been use for investment for many people because that will give more advantage to them than to be use for the transaction. The other crypto are assets because they have value but we should be ready with the changing position of crypto list from time to time so that crypto will be remove from the list.

Of course, changes happen all the time but if there is development they remain in the market and the most unfortunate thing is for those who choose and buy the wrong one where in fact quite a lot of altcoins die in their wallets because of the actions of the token owners who are only looking for short-term profits.

Admittedly, BTC is expensive but BTC is one of the investment vehicles that is always the first and most convenient alternative for everyone later and of course BTC is not magic that guarantees one month once we invest it will make us rich quickly.

[$weetne$$]

Admittedly, BTC is expensive but BTC is one of the investment vehicles that is always the first and most convenient alternative for everyone later and of course BTC is not magic that guarantees one month once we invest it will make us rich quickly.

Bitcoin should not be expensive in our eye because of the value of Bitcoin. You would not lose your money, if you are to invest in Bitcoin. Come next 5 years, the value of Bitcoin is going to be more than it's current value. Bitcoin is going to be scarce in the future because of it limited supply therefore saying Bitcoin is expensive right now is an understatement. We can buy Bitcoin bit by bit  without owning the entire Bitcoin therefore we should not use the excuse of Bitcoin being priced at $63,0000 to discourage ourselves or others from investing in Bitcoin. Bitcoin is an asset and a valuable one therefore we should not be looking at how expensive it is to own one Bitcoin but we should be looking at what we stand to benefit from owning Bitcoin in the future. Buy as your money can get you and hodl.

[Sebas.tian]

Bitcoin is not an asset; Bitcoin is money. Throughout history, money has taken many forms, but money consistently serves three functional purposes: a store of value, a unit of account, and a medium of exchange.

Medium of exchange: People use money to exchange for other goods or services. It is the ultimate good for which any other good or service can be purchased. All products of human labor can be exchanged with money.

Unit of account: Money serves as a means of expressing the value of a particular good or service.

Store of value: It maintains value over a long period, allowing us to exchange it for goods and services when we need them.

Bitcoin is a cryptocurrency which people can use in payment and many people have been using it like buying pizza. Bitcoin is an asset to be exact because bitcoin has a monetary value which people have to pay in order to own. What do you think people use to buy bitcoin and to receive when people sell their bitcoin. Many people did call bitcoin as money since it has been used as I explained above that it has been used as payment for many years. It can also be called digital assets.

Bitcoin is a digital currency you can invest your funds in the bearish season and hold to decide to trade them when the bullish season is mature in the market, because is an asset which it can appreciate and depreciate for you to be able to hold  for long term. Many countries has made Bitcoin legal tender in their countries to boost their economy, because they can purchase any goods from any market and pay with Bitcoin instead of using Fiat money to pay and it has made Bitcoin to be more valuable than other cryptocurrencies in those countries. And if you are looking for potential digital asset to invest to eliminate poverty from your life or family, I think Bitcoin is the best digital asset to invest to achieve such results in the future.

[kryptqnick]

I believe most would agree that Bitcoin is an asset, apart from those who are very strong on the case that Bitcoin is totally useless. Bitcoin is digital, but that's not a problem. Bitcoin is useful, it is valuable, it can be easily exchanged for fiat money to pay debt or other financial obligations. That covers multiple definitions of an asset, so I agree that maybe not all cryptos fit these definitions, but Bitcoin does.
Of course, some might stress the point that Bitcoin isn't an asset for a different reason: they believe that Bitcoin is money, so it should not be classified as an asset (if you believe that the USD is not an asset, at least in terms of financial regulations and for tax purposes). That is also reasonable, although I think we can't deny that Bitcoin is often used as an asset, so even though it can also be used as money, I don't believe it means it's not an asset.

[ethereumhunter]

Of course, changes happen all the time but if there is development they remain in the market and the most unfortunate thing is for those who choose and buy the wrong one where in fact quite a lot of altcoins die in their wallets because of the actions of the token owners who are only looking for short-term profits.

Admittedly, BTC is expensive but BTC is one of the investment vehicles that is always the first and most convenient alternative for everyone later and of course BTC is not magic that guarantees one month once we invest it will make us rich quickly.

That is why they must knows how to finds the right coin by analyzing the moves and from other things. Many people already have this experienced even some people get this over and over. They must realize that the market always move so they need to learn to find a way to get the coins. We always suggest to them to invest in Bitcoin as their main investment and they can choose the altcoin as their additional investment. That will helps them to make another profit from crypto from the altcoin. Even if people thinks that Bitcoin is expensive but that still worth to invest in Bitcoin so they must try to invest in Bitcoin like what other people do. Having investment in Bitcoin need patience to wait for the price reach the high price so they also need to learn how to manage their patience.

[Zoomic]

An asset is anything of value that has the potential of generating future returns. Everyone might have their own perception about bitcoin being an asset, but as long as it can serve as an investment to me, then it is an asset.

Aren't we deceiving ourselves when we can comfortably classify fiat as an asset but won't do same for bitcoin whose value appreciates more?

Looking at the characteristic of assets, Bitcoin possesses them all, making it qualify to be seen as an asset. Like I've said before, there is no point debating this issue. People should just use bitcoin the way they understand it, as long as they derive benefits from using it the way it pleases them.

[mirakal]

I believe most would agree that Bitcoin is an asset, apart from those who are very strong on the case that Bitcoin is totally useless. Bitcoin is digital, but that's not a problem. Bitcoin is useful, it is valuable, it can be easily exchanged for fiat money to pay debt or other financial obligations. That covers multiple definitions of an asset, so I agree that maybe not all cryptos fit these definitions, but Bitcoin does.
Of course, some might stress the point that Bitcoin isn't an asset for a different reason: they believe that Bitcoin is money, so it should not be classified as an asset (if you believe that the USD is not an asset, at least in terms of financial regulations and for tax purposes). That is also reasonable, although I think we can't deny that Bitcoin is often used as an asset, so even though it can also be used as money, I don't believe it means it's not an asset.

Bitcoin is originally designed as a currency. But more than that, it can also be a digital asset that appreciates its value overtime. Although not all would realized this, but until they weren't into deeply investing into bitcoin, they wouldn't know that bitcoin is a real digital asset that we can always gain advantage if we are knowledgeable enough on how to manage such volatile investment.

As for me, those that have given value and long-term utilization will always be considered an asset, whether its digital or physical assets like real estate.

[LDL]

If you treat Bitcoin as an asset, other currencies that rely on Bitcoin are treated as assets. Just as no other currency can function without Bitcoin, Bitcoin has no value without it. Yes but if you invest on Bitcoin in the market then your investment can definitely be called as a safe investment but if you invest on altcoin then I don't know if it is right to call that investment as a risk free investment. However, the probability of Bitcoin disappearing from the market is very low, but other currencies can disappear from the market at any time under any circumstances, ie, the value of altcoin can reach zero.