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Author Topic: Crypto is an Asset or Currency?  (Read 3069 times)
bitlyra
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March 23, 2018, 01:13:30 PM
 #621

For me crypto currency is an asset because you can keep it for a long time and the value will increase more higher than the original price. It can be a currency also since you can use it when you need money anytime.

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March 23, 2018, 02:05:03 PM
 #622

Crypto is more worth saying as an asset, if the crpto is a currency it certainly has a physical form and its value is not very volatile like it is happening right now, and I hope all countries immediately legalize bitcoin to reduce unemployment and improve prosperity.


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Bitlord88
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March 23, 2018, 02:33:37 PM
 #623

For me I think it is more of a currency rather an asset factor for the reason that to be an asset, it must continually appreciate over time, and given the nature of bitcoin now and its volatility as of the moment I think it is quite hard to judge what could be the next chapter in the cryptomarket would be.

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March 23, 2018, 03:30:11 PM
 #624

The idea of crypto is to erase borders dividing asset from money and from contract Cheesy


I think bitcoin is a currency that will be also consider as an asset. It is currency because it has value that you can keep and make it to increase while it can be consider as an asset because we can appreciate over for a long time.
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March 23, 2018, 04:04:15 PM
 #625

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?

The purpose of bitcoin inversement is to replace the paper currency and to use it as asset too.In simple word,bitcoin is created to act as a gold and as well as currency.At first it is used as asset.Now it's used as a currency too.Many online transaction now accepting bitcoin as a one of the payment.

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March 23, 2018, 04:08:01 PM
 #626

Yes, we have to be optimistic about the future of crypto, now almost all countries do a special study on crypto so this is a good opportunity if we invest crypto when the price is still cheap like now, the future will continue to improve.
It's either crypto is an asset or a currency, it is just the same for me because since from the start, all I think about crypto is the way it functions in the economy. Apparently, most countries somewhere in America, believe that bitcoin is a big hit despite of its bubble issue whenever there is a problem is being raised. Overall, for me they could be asset and a currency and of course it's one of a kind.
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March 23, 2018, 04:08:11 PM
 #627

I think crypto is an asset, it is not money. Because we can only convert them to money to use. We can not use it directly to buy anything in the present
This depends on each person's point of view, while others think that crypto is currency. But I think crypto carries many of the characteristics of a property. As you said, we can't use it directly to buy anything in the present. But we can invest in it and can make a lot of money. In addition, the characteristic volatility also makes the crypto more like a asset
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March 23, 2018, 08:30:01 PM
 #628

I think crypto is an asset, it is not money. Because we can only convert them to money to use. We can not use it directly to buy anything in the present
To some extent I am  not agree with your discussion because in almost every market now it is very easy to use bitcoin for direct payment infect it is safer than cash, as you will pay by yourself as there will be no extra cutting or detection from your bitcoin wallet. You will be able to pay by yourself. I have bought a lot of goods from one of supermarket name Chen one which is very good market has all the brands and they were accepting bitcoin for payment, so we can use bitcoin for asset to hold and as currency to buy new thing.
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March 23, 2018, 08:35:58 PM
 #629

As far as I know G20 decided that crypto is an asset. In such case it is easier to regulate it for governments. If it were a currency there would be a number of dubious issues such as currency bank control, etc
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March 24, 2018, 04:53:38 AM
 #630

Crypto is an asset or currency, it is a curious question for everyone. In this forum I found this type of questions every single day. Sometimes I give answer and sometimes I don't. Do you know what is asset? If you know than cryptocurrencies are a asset or not to find out will be easy.
Asset is an item of property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies. In this definition if the cryptocurrencies are your asset but illegal. So this is not acceptable asset. Then what is currency?
A currency, in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. According to this definition, which is the medium of exchange is the currency. So you can say that cryptocurrencies are asset as well as a currency.

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March 24, 2018, 05:09:08 AM
 #631

Encryption is an asset and a currency.

There is no doubt that the work of digital money has changed over time and is now being used as an investment model rather than a mainstream way of trading.

Personally, I use bitcoin as an asset so that I can live a relaxed life after retirement.
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March 24, 2018, 05:36:42 AM
 #632

It can use by both the ways, it depends where you are living, I.e. if you are living in japan, chile, US and arab countries you can use crypto as currency, but if you are living where crypto is not a legal tender but can use for trading purposes than we can say crypto is asset for them because they are using it for profit making.

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March 24, 2018, 06:16:14 AM
 #633

It can use by both the ways, it depends where you are living, I.e. if you are living in japan, chile, US and arab countries you can use crypto as currency, but if you are living where crypto is not a legal tender but can use for trading purposes than we can say crypto is asset for them because they are using it for profit making.

Yes I agree they're both an asset and a currency but to a certain countries only. But here in our country it is an asset because bitcoin is not recognized legally by the government so therefore it is an asset.

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March 24, 2018, 06:27:32 AM
 #634

I think you will have different cryptocurrencies serving different functions, some as assets and others as currencies, and some as both. We are already seeing different niches develop. Perhaps the notion of one-size-fits-all needs to be discarded for a healthy evolution of this market.
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March 24, 2018, 06:56:10 AM
 #635

for now I personally use crypto as an asset for investment, not as a means of payment or currency, in fact my country still does not allow the use of bitcoin as a means of payment, and bitcoin is also not official state money, so it is difficult to use bitcoin as a currency that we can spend at a supermarket or grocery store
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March 24, 2018, 07:48:29 AM
 #636

As term for cryptos as digital currency it carry the use of medium of exchange in the digital market in making transactions in the internet , payments, and it also has the property of an asset as it is term as investments in the digital world market wherein the money you invest will gain profits of your save investment.

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March 24, 2018, 08:37:50 AM
 #637

Crypto is more accurately said asset and not currency , this is because for transactions of course can be done directly like cash, and it will never happen with bitcoin, if we can pay online with bitcoin but we can not pay offline.

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March 24, 2018, 09:15:49 AM
 #638

Crypto is more accurately said asset and not currency , this is because for transactions of course can be done directly like cash, and it will never happen with bitcoin, if we can pay online with bitcoin but we can not pay offline.

I think it is both asset and also currency.  The fact that btc can be consider as your money or wealth then it can be called asset while at the same time btc is a form of money which we can call to be a currency.

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April 08, 2018, 05:01:42 AM
 #639

It can be both since Bitcoin is cryptocurreny are technically digital currencies. Assets are things tbat has a chance to increase in terms of the value that is profitable and it happens that cryptos are. So from with that, I think cryptos are indeed a currency and asset at the same time.
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April 08, 2018, 07:52:07 AM
 #640

It could be both. If you invest in a cryptocurrencies today, if its value goes up you would have more coins. You can buy a lot of things using bitcoins now a days. If you want to exchange bitcoin with your local currency, you can do that even. The main problem is that these kinds of coins are not accepted everywhere, so most of the people tend to do investments with it.


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