Crypto is an Asset or Currency?

[notthematrix]

It's neither recognized as an asset or a currency, it's something else, that's why it's called cryptocurrency

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[yoseph]

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?

satoshi created bitcoin for us to have a good financial systems where banks cannot provide to us where its inflation proof its like having your own bank where you are in charge of your money its amazing that satoshi come up with this idea that it can transform our current financial system to more advance one he really wants to help the people

Bitcoin have value because they are usable as a form of money. They have the characteristics of money. With Bitcoin the value can be measured by increasing the number of users, merchants and emerging companies. As with all currencies, the value of the bitcoin comes only directly from people willing to accept them as a means of payment.

As long has bitcoin is used to make payment for the purchase of goods and services, it can be terms as a currency and since it value can grow just like gold due to it's investors hope then it can be termed as an asset as well. So to me its both.

[Gameflip ICO]

It depends upon the way it is used. I think we can say it for both variants.

[mobilestrike]

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?

It is a currency. It can't be an asset since everything is virtual and it defines digital currency. Bitcoin is under digital currency which means it uses technology for its function or transactions to work. It just happened that Bitcoin is orofitable to most of its users because its value is continuously increasing.

But if you see that you will find that it is also an asset as many of the traders are getting benefit from it by investing their money in this currency. You may not know that when people invest their money in a thing and that thing give a good profit to that investor and the trader when start trade with a thing then that thing can also be considered as an asset which bitcoin is.

[ricardobs]

Crypto is treated as asset in most of countries but there are some country where crypto is legal and use as payment system. When we use  crypto for trading then that means we use it as asset.

Crypto is just an asset but can also serve for other purposes like making transactions and the rest of them. There are Bitcoin ATMs, so it serves for a lot of things and you can even use it or the debit card to buy whatever you need online (using it direct to make a purchase has a very big limit)but I believe that the main reason why it was made is just for investment, but people wouldn’t like it much if there wasn’t a way for them to share with their peers 

[Smarty14392]

With its current status I shall say that bitcoin is an asset that is growing to be the first official digital currency that exist. Bitcoin is currently still being converted in able to be accepted. Although there are merachants whom already accepts it as payment, still it is not yet officially and widely accepted by all.

Actually in my sense the Bitcoin is becomes the best assets of the recent time. The reality is that the Bitcoin proves itself both the assets and currency at the same time. Whenever someone needs money he/she can sell the Bitcoin at any time at the best price and get currency. The on the other hand the Bitcoin is a good assets the any other product. The price of Bitcoin is increasing rapidly than any other assets. That will return the huge profit to the investor.

According to my mind it’s a currency because its prices can be high and low but other side mostly the prices of assets are remain same they increased with the passage of time but in currency its prices gone changed within hours and seconds.

Crypto is a digital currency which is mostly used for the trading and transaction in all over the word. I think with the help of crypto currency you can make an asset but with an asset you can’t make a crypto currency

[prtty2gal2]

Crypto is definitely is an currency but people are using it as an asset buy using its rapid price increase.

But crypto was found to use as an online currency with anonymous transactions so no one hack or trace our transactions.The first crypto was bitcoin the value of bitcoin when launched was less than dollar but now it is at $16K still increasing.So people think that is an asset if e have that crypto then we can earn good profit in future.

There is no doubt in this fact that the job description of digital currencies has been changed over the course of time. Initially these currencies were developed as you said to make online transactions but now people are using them as mode of investments than as mainstream method of making transactions. The ever growing market values of these coins are forcing people to treat them as investments than as currencies.

[gabbie2010]

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 serves dual purposes i.e as a currency as well as an asset, as a currency it is being used in settlement of jobs and services offered online, meanwhile a lot people sees crypto as an asset due to it's appreciative features that is why people tends to buy and hodl Cryptos as a future investment.

[AVAMONEY]

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 serves dual purposes i.e as a currency as well as an asset, as a currency it is being used in settlement of jobs and services offered online, meanwhile a lot people sees crypto as an asset due to it's appreciative features that is why people tends to buy and hodl Cryptos as a future investment.

I would love when crypto using as currency rather than as asset, as example for now Bitcoin has much purpose become an asset which people buying and hodl more. But i still don't understand why nowadays network always busy with many transaction, since fees becoming more high and people doing hold their asset.

[PhucS]

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?

Currently, this issue has many different views. It may be considered as a currency, but it can also be considered as an asset. In my opinion, I think the crypto is more likely to be a fortune. Crypto is valuable, even it has a very high value, such as Bitcoin, Ethereum, but it has limited resources and most crypto are not under the control of any individual organization, this is an important need of the currency. However, there are now many places like restaurants, shops that allow Bitcoin payments and this makes many people understand that they are the currency to pay. There are still many uncertainties.

[selen]

that is both i believe, you can exchange it for other digital and non digital products and coins/tokens, store it to save and multiply value, it is not accepted as wide as fiat but posesses all essential properties to quilify for limited use currency and assets if you decide to invest

[slashz9]

actually it does not matter because many people get rich from it, I think it is not in misuse what is wrong to make it an asset? maybe they see it as an opportunity to enlarge their assets. The goal is the same for quick and easy transaction.

[ArnoldChippy]

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 its both we could say its an asset because we can use it in our payment method or we can have an extra income here in bitcoin.We could say its an asset because its like a gold that cannot be depreciated we can invest it to make it more profitable,but I believe the crypto is asset because we are buying and at the same time holds for the possibility of increasing the value. But if we use the word crypto, most people, they know it is a digital currency that speeds up the transaction when it comes to money..

It was basically a currency but people find it as investment and make it an investment coin and which is also permissible here and people are making money from it and it can be both the both modes are beneficial currency mode is not that much beneficial because of small acceptance if bitcoin as payment in online outlets and sooner the currency use will be started at large scale and that will give more rise to the prices.

Yes that is right that bitcoin is created as currency but as by holding it can really give ua s good profit, even if we hold it for some time it can give us a good profit.

[Kong Hey Pakboy]

Crypto can be an asset or currency base on how we look and how we used it. It become currency because we used it as currency for every transaction that we have. Buying products, paying for services and others. We also used it for exchanging currencies, or having any transactions. Well we can see it as an asset because it was used by many people. It is a belonging of an individual yet he cannot touch it since it is tangible but once he convert it, he can.

[princesspoppy]

Crypto can be both an asset or currency, at first people used crypto as an asset where they believe that more years later, they it can make a lot of profit from it, but as years go by, more and more companies/establishments are accepting bitcoin as a currency that is the reason why more and more people are investing in bitcoin for it to be their asset in the near future and also for them to use it as a currency for it is so convenient and hassle free to use for transactions.

[dragoz11]

If you are talking about bitcoin I do believe that it is definietly an asset as the price is depended on it and it is too huge to be a currency right now, but the others may be a currency.

[nethan1btc]

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 its both we could say its an asset because we can use it in our payment method or we can have an extra income here in bitcoin.We could say its an asset because its like a gold that cannot be depreciated we can invest it to make it more profitable,but I believe the crypto is asset because we are buying and at the same time holds for the possibility of increasing the value. But if we use the word crypto, most people, they know it is a digital currency that speeds up the transaction when it comes to money..

It was basically a currency but people find it as investment and make it an investment coin and which is also permissible here and people are making money from it and it can be both the both modes are beneficial currency mode is not that much beneficial because of small acceptance if bitcoin as payment in online outlets and sooner the currency use will be started at large scale and that will give more rise to the prices.

Yes that is right that bitcoin is created as currency but as by holding it can really give ua s good profit, even if we hold it for some time it can give us a good profit.

Maybe you're right, but when it comes of the situation that you're going to hold it for a long-term , perhaps it will be an best asset of your life which can give a chance to become rich someday through just be patient by holding it in long long-term. Because the bitcoin now is heading into $21,000 that has really have a big potential to be more valuable and might possible to be legalized in whole wide world.

[ipanks]

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 its both we could say its an asset because we can use it in our payment method or we can have an extra income here in bitcoin.We could say its an asset because its like a gold that cannot be depreciated we can invest it to make it more profitable,but I believe the crypto is asset because we are buying and at the same time holds for the possibility of increasing the value. But if we use the word crypto, most people, they know it is a digital currency that speeds up the transaction when it comes to money..

It was basically a currency but people find it as investment and make it an investment coin and which is also permissible here and people are making money from it and it can be both the both modes are beneficial currency mode is not that much beneficial because of small acceptance if bitcoin as payment in online outlets and sooner the currency use will be started at large scale and that will give more rise to the prices.

Yes that is right that bitcoin is created as currency but as by holding it can really give ua s good profit, even if we hold it for some time it can give us a good profit.

Maybe you're right, but when it comes of the situation that you're going to hold it for a long-term , perhaps it will be an best asset of your life which can give a chance to become rich someday through just be patient by holding it in long long-term. Because the bitcoin now is heading into $21,000 that has really have a big potential to be more valuable and might possible to be legalized in whole wide world.

I think for now many people using bitcoin as their asset and their currency at the same time. they use bitcoin to trade so they can save more bitcoin and then they will keep the bitcoin in their wallet. but if I see now, some people said that they use bitcoin for a long term investment but they become panic when they see the price is dropped too far like now and they decide to sell some amount of the bitcoin and I think they don't really use bitcoin as a long term investment. if they really use bitcoin as an investment, they will not getting panic and will stay calm and they will buy more bitcoin so they can increase their bitcoin.

[Pixyoxx]

Crypto is both asset and currency.
Currency in the sense that it can be used at trading platform, at buying and selling platforms and everywhere where money can be used.
Asset in the sense that it has its iwn investment capabilities.
It have its own value which is very popular and trusted and thus keeps increasing generally and thus works as a investment platform in itself.

[lance04]

I think the cryptocurrency or electronic currency plays the both role in our society.
Crypto is an asset to all people since they provide the public ways on how to earn income.
Another thing crypto is currency also which many countries cross over the world recognize its monetary value as a medium for all commercial transaction.