Crypto is an Asset or Currency?

[ivantrinitron]

Yes, this is a very active currency, it is used in our time by very many people, the crypto currency has attracted many people already, and everything does not stop.

[1714808674]

1714808674

[1714808674]

1714808674

[1714808674]

1714808674

[1714808674]

1714808674

[fritzbird]

I believe cryptocurrency is an active and viable form of currency, it is digital money. With it's initial success
and circulation, crypto has been so popular and numerously started to be utilized. It's actively growing and
it is potentially profitable. It has also become a favorite investment to people these days. Due to it's popularity
and fluctuating value, I surmise it's now considered an asset. That's what makes it so unique and intriguing.

[ufaiz50]

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?

Cryptocurrency is an asset, especially the presence of increasing ICOs  anda investing in ICOs, some countries also do not support cryptocurrency as a legal currency, many of us do feel the benefits of cryptocurrencu in financial terms.

[FLoving]

I agree with your statement that the purpose of digital currency is indeed to make the transaction quick and easier and yes, it becomes asset to everyone because digital currency has the potential to increase its value and at the same time, has the potential to make an income for living. Most of the people describe bitcoin to gold due to the fact that they has the potential of increasing its value as the time pass by and yes, it was proven. However, bitcoin also has an issue just like the price deflation and inflation anytime.

I must say that it is very much difficult thing to categorize bitcoin as one of the option amongst both. Bitcoin can be treated as an asset as well as currency. It all depends on the person who is having bitcoin in his wallet. If he is keeping bitcoin for having more money, then you can say that bitcoin is just like an asset for him. Otherwise, if he is keeping it for spending, then it can be termed as currency.

[cryptbit.man]

In think that depends on how you are using it. Usually currencies are not assets however crypto can easily be considered an asset too.

[leppyj]

crypto is an asset for now,  because most governments have refused to legislate in favour of its adoption as mainstream currency.

[Omega Weapon]

Cryptocurrency was created initially as a decentralized currency. But along the way bitcoin became more of an asset, people start trading in and with the high volatility big profits can be made. Nowadays cryptocurrency can be seen as both asset and currency, some have more of an asset and some more of a currency.

first of all Bitcoin is an angel who brings a probe passive and active, but at the same time bitcoins will never be a means of payment in real life, as there is not only infrastructure, but society will not be perceived as for a normal life.

The infrastructure is already there you only need the Internet and a computer, most people are carrying smartphones which are nothing more than computers that make phone calls, you only need to install an app to read QR codes and then you can send to whichever address that you choose, we do not need anything except for the bitcoin fees to become cheap again.

[ngavanngo22]

It can be seen at the time of the year 2018, crypto is considered as a kind of property, people invest in crypto and hold them, hoping one day the rates of crypto will rise and they will make a profit from it. Because crypto is not currently accepted as a form of payment on the Internet, people can not use crypto for transactions. If the crypto future is more common then it will be the currency instead of the asset.

[mbluxs]

crypto is an asset for now,  because most governments have refused to legislate in favour of its adoption as mainstream currency.

asset but has no virtual form. but cryptocurrency, although not in government. enthusiasts from cryptocurrency are not in the least reduced. the longer it grows

[Granslam]

Crypto will fall on the same category in different aspect, it is both a currency and asset thats why it is called a cryptocurrency, a value encrypted on codes. Now it is a currency because we use it as medium of exchange on many transanctions and it is an asset because its valuable, asset is a valuable thing that has a cost when being sold. So crypto is both an asset and currency.

[cryptosy]

I treat as asset and not as currency.
If it is currency,I should not be paying any txn fee and should be east and fast to deal.Where as if I want to use btc for a cup of coffee or meals,I will not ,cos of high txn fee and confirmation time

[biskitop]

This is the most important discussion, whether crypto is an asset or currency?
Lately governments from different countries have discussed this, if crypto is considered a currency then it is clear that the government will ban it. If crypto is considered an asset, then it's okay because the investment asset aims to make a profit.
Do you think crypto is an asset or a currency? If I personally think of crypto as an asset, because I never buy anything using crypto, I just hold to wait value to increase and I exchange with the common currency in a local bank.

[tee-rex]

This is the most important discussion, whether crypto is an asset or currency?
Lately governments from different countries have discussed this, if crypto is considered a currency then it is clear that the government will ban it. If crypto is considered an asset, then it's okay because the investment asset aims to make a profit.

Why should they necessarily ban it? Could you elaborate on this? In Japan, they actually allowed it and equaled it to any other foreign currency circulating out there. And this is where bitcoin rightfully belongs. No one expects it to become legal tender in any major country any time soon, though that may change in the future. But personally, I don't see anything wrong with treating and accepting it as just another currency like dollars, euro, swiss frank, or whatever.

[spiderm4n15]

Crypto can be called is an Assets or currency, like bitcoin and ethereum
used as payment transaction and the others like ripple used as internet protocol

[Cryptomagnus]

At present, it's much more an asset, as high volatility, high fees and long time verification make it still unusable on practical level.

[Wyne]

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?

Because of the high value of cryptocurrencies in the market nowadays, most bitcoin and altcoin holders prefer to hold and invest their cryptos rather than using and spending it as a currency. With the concept of crypto volatility, it is no doubt why bitcoin holders choose to invest and hold it because of the possible profit it might offer.   Because of that, cryptos can be classified as an asset.

 I think this phenomenon will not destroy the initial purpose of bitcoin. Instead, it will help in establishing bitcoin promotion so  community who put confidence and trust in bitcin will continue to grow.  If the bitcoin community continue to expand, then, more establishment will accept it as a form of currency that will lead to the possibility of its legalization.  If that happen, people will also use it as a form of currency.

At present, even bitcoiner prefer not to use it as a mode of payment or tool for transaction, there are also some who use it as a currency if necessary.  And that is something that we can appreciate about it.  We can use and posses it both as an asset and currency. 

[wxa7115]

In my own perception crypto is both asset and currency. For example of this is our very own bitcoin. Bitcoin is a kind of cryptocurrency also it can be converted into cash and cash is an asset.

The truth is that most currencies begin as assets people used everything as a currency cows, chickens, tea, beans, however as civilization advanced people began to use precious metals for the simple reason they were easy to make into coins and had great characteristics to be used for trade and then they became currencies as a result and the same is going to happen to bitcoin.

[Kiweikoo]

For me Crypto is a currency. This was uses and created by technology and everything is virtual, like Bitcoin is under digital currency its means the function or transactions all about by using technology and internet. Bitcoin now is profitable for its users because its value is continuously increasing and crypto are not objects to be consider as asset.

Well, Crypto alone is a Greek word which means hidden or secret. It is not an asset neither it's a currency. but if we talk about crypto currencies which is also known as the digital currencies, then obviously it is very clear from the name that these are virtual currencies that exist in digital form. They can be used like paper money as a medium of exchange. Actually they are also refereed as digital assets.

[HappyDumper]

cryptocurrency is like an asset, it is because cryptocurrency is a stock that can be sell or invest to earn more profit everyday. Also it is much profitable than our currency, thats why many of people invest in crypto.

[Omega Weapon]

With whats happening right now? Crypto is considered as an asset to have rather than currency. We see crypto as an opportunity to make us rich. We invest in it as an asset.

Bitcoin is a currency that is the way satoshi created bitcoin however the fees have become an impediment to fulfill his dream but the devs are decided to do everything in their power to solve this, and this is why we got so many forks in the last year since some groups of people, like the miners, felt they were being affected and that is why they created bitcoin cash, but at the same time bitcoin miners do everything to get profits and that proves they are not to be trusted.