Crypto is an Asset or Currency?

[batang_bitcoin]

Before bitcoin is more of currency, that's why we call it cryptocurrency right? It all started there but we are just good in using things for different purposes and bitcoin now is more considerable as an asset, as an investment and this makes everyone to invest more on it that adds the market cap. The way many thinks that bitcoin is good for buy,reserve/hold will give profit which is true and this makes it an asset.

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[Kersh768]

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?

For me, it is a currency since rhe main idea or function of bitcoin is being a digital currency to be used to buy the needs of an individual but it just happened that it is not yet legal to most of the countries. So with that, the privillege of using bitcoin as a currency is only limited to those people who are living on countries where it is already legal.

[pugman]

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 does the name say? Crypto currency, right? Not,crypto asset. Know the difference, it's the people's state of mind, who think that holding bitcoin will make them millionaires one day, just like the way it has happened before this year when the price was on continuous rise. Agreed that currencies also some under the financial assets, but holding crypto currency will be one of the worst things that one can do, he can rather be an investor/trader. Holding won't make him rich in a short run.

[keanne_isaac]

For me it is both Crypto is a virtual currency and it is also an asset since it has a value anytime you can convert it in cash depending on its current value. "I'm pertaining to Crypto that has a real value not those crypto that are created only to scam investors"

[OrangeII]

many think it's an asset, and I'm one of those who thinks that way. well, it can be said that in the future, crypto will get better. so, of course it will be a very good asset in the future.

[gabmen]

many think it's an asset, and I'm one of those who thinks that way. well, it can be said that in the future, crypto will get better. so, of course it will be a very good asset in the future.

Who wouldn't think of it as an asset? Bitcoin can make you rich in time. If that's not what assets are for then i don't know. The value of of bitcoin is being seen more of a way to grow money. It's status as a currency would have to take a backseat to that fact

[iram3130]

It is a future currency, presently everyone is thinking it as an asset. At the end of the dominating term of Bitcoin, it'll be normalized and people will start using it as a plain currency.

[patt0]

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 used to think like that, but I'm slowly starting to change my perspective about that subject. Bitcoin right now can't really work as a way of payment, because it still needs to solve it's scalability problems. We all heard that, and we all know it's true. As an asset however, it already works very well, and because of that it's getting good attention and capital keeps flowing in. As fiat keeps flowing in, bitcoin should get less volatile, that right now is also a problem for it's use as a currency.

Gold was volatile in it's early years as well, and right now is not used as a currency because it's not practical to use it that way. Bitcoin however, is taking the same steps as gold, but because it's digital, it will be practical to use as a currency, so I guess that BTC is following it's right path right now, by assuming itself as an asset, and then as it gets more mature, it can become a currency as well.

[tmawheba]

Cryptocurrency is a next level of currency which is going to be used massively in future. Bitcoin the cryptocurrency is a head attracting people to use is by giving a very good returns in rate. Also it is too young so it will run a long way and give more benefit to the investors who involved in bitcoin for them it is an asset.

[portotoi]

It is not bad at all either this crypto is an asset or currency. But some people uses crypto as a currency. They use crypto for all their transactions instead of cash. But some also use crypto as asset, because they holds it and will be sold for the future!

[carlisle1]

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?

its that what you believe that crypto was created as currency but the reality is the crypto is multi purpose..and what do we do in our physical money?isnt it an asset?thats the same idea with crypto created for easy transaction and easy investment and an asset to be stored

[niceone]

Bitcoin is created as an currency it's just normal to people to use it as an asset since they are having a really large profit from it, they always said to think outside the box and i think that's what people are doing treating bitcoin as an asset but for me bitcoin is created as an currency.

[mOgliE]

One does not go without the other.

I mean, if you want to create an efficient money, spreading and beeing widely used, then you must allow people to "play with", at least a bit.

Currently, money does not only serve as value index. It is also a tool to make profitable bets. It can jeopardize the currency in itself but you can't go against it.

The huge difference between bitcoin and other currencies is that you have a real tracking possible for the first, preventing big players to create their own rules.

[Lampaster]

Bitcoin is now in stage of development. Now comes the primary accumulation of capital. So we see a big increase in price. This was the reason that people use bitcoin as an asset for investment. I hope that the situation will change. Bitcoin will be timely to modernize and become a full-fledged currency.

[Happichfun]

yes because many die and them bitcoin end also some hold a lot and lost password

Invest Buy / Sell is good way

[evilgreed]

           If i were to be asked about this question i would probably say both, since they are also good in their own special way, although crypto currencies are purposely made to be used as a currency, because of its fluctuation and for being decntralized it can be consider as an asset.

[ralle14]

but holding crypto currency will be one of the worst things that one can do, he can rather be an investor/trader. Holding won't make him rich in a short run.

What makes you say that holding crypto is the worst? Imo that's the best thing you could do with bitcoin if you don't want to do any transactions from your wallet. There's no certainty that someone won't profit by holding bitcoin in the short run because Bitcoin's price is unpredictable there's always a chance that it goes up. One good example is when you bought bitcoin last week then plan to sell them today.

[Bianxee]

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 not bitcoin is still a cryptocurrency in whatever we did it is a medium exhange that exist online and i think as an asset is a choice and it is both an asset and cryptocurrency.

[Sled]

Cryptocurrency is both. They are both asset and also currency at the same time because with cryptocurrencies we can use them to make a complete purchase online and execute a safe payment system and we can also just hold them and keep them for long term and have some chance to make a lot of money with it.

[yamortsac]

Yes crypto was created originally to be used as a currency and it became an asset that can  be used as an investment by holding it for a long term. It means that crypto is really a good invention because it's not just can make the transactions easy but also helping many people to gain profit from investment. It doesn't matter what is its intended use but what important is it has many uses that can help many people in any ways.