Bitcoin Forum
September 24, 2018, 08:49:41 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 [33]
  Print  
Author Topic: Crypto is an Asset or Currency?  (Read 3066 times)
pthnmj
Hero Member
*****
Offline Offline

Activity: 691
Merit: 500


“Tackling Climate Change Using Blockchain”


View Profile
April 08, 2018, 07:52:07 AM
 #641

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.


▄████
██▀
██
██
██
██
██▄
▀████


                █▄
               ▐████▄
     ▐▄        ███▌██▌  ▄▄▄
 ▐▄   ▀▌        ▀██ ▀▄█▀▀▀████▄▄
  ▀▌    ▄█▄       ▄▄ ▄▄▄█████████▀
  ▄▄███████▄   ▐█▀  ▀███████▀▀
 ▀██████████▌  █▌      ▀▀▀
   █████▀▀     █
     ▀  ▄█    ▐█
         ▀█▄ ▄█▌
           ▀▀▀

████▄
  ▀██
   ██
   ██
   ██
   ██
  ▄██
████▀



      ▄▄██▌ ▐██▄▄
   ▄██▀▀       ▀▀██▄
  ██▀     ▄████▀  ▀██
 ██      ▄███▀      ██
▐█▌     ███████▀    ▐█▌
▐█▌    ▀▀▀███▀      ▐█▌
 ██      ██▀        ██
  ██▄   █▀        ▄██
   ▀██▄▄       ▄▄██▀
      ▀▀██▌  ██▀▀
ENERGIS TOKEN SALE            ..REGISTER NOW!..

.PRIVATE PRE-SALE. IS NOW OPEN FOR CONTRIBUTIONS

WHITEPAPER       TELEGRAM       TWITTER       BLOG       REDDIT
1537822181
Hero Member
*
Offline Offline

Posts: 1537822181

View Profile Personal Message (Offline)

Ignore
1537822181
Reply with quote  #2

1537822181
Report to moderator
1537822181
Hero Member
*
Offline Offline

Posts: 1537822181

View Profile Personal Message (Offline)

Ignore
1537822181
Reply with quote  #2

1537822181
Report to moderator
1537822181
Hero Member
*
Offline Offline

Posts: 1537822181

View Profile Personal Message (Offline)

Ignore
1537822181
Reply with quote  #2

1537822181
Report to moderator
Make a difference with your Ether.
Donate Ether for the greater good.
SPRING.WETRUST.IO
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537822181
Hero Member
*
Offline Offline

Posts: 1537822181

View Profile Personal Message (Offline)

Ignore
1537822181
Reply with quote  #2

1537822181
Report to moderator
1537822181
Hero Member
*
Offline Offline

Posts: 1537822181

View Profile Personal Message (Offline)

Ignore
1537822181
Reply with quote  #2

1537822181
Report to moderator
1537822181
Hero Member
*
Offline Offline

Posts: 1537822181

View Profile Personal Message (Offline)

Ignore
1537822181
Reply with quote  #2

1537822181
Report to moderator
BitcoinLoan
Sr. Member
****
Offline Offline

Activity: 574
Merit: 250


The Future Of Work


View Profile
April 08, 2018, 08:38:59 AM
 #642

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.
Since the value will rise and people expect it to continue rising, people will be inclined to keep rather than spend. Although originally designed as a currency, this aspect highlights the asset side of crypto and will continue to be considered as an asset.



███████████████████████████████████████
███████████████████████████████████████
███████████████████████████████████████
███████████████████████████████████████
███████░░░░░░░░░░░░░░░░████████████████
███████░░░░░░░░░░░░░░░░████████████████
███████░░░░░░░░░░░░░░░▄████████████████
███████░░░░░░░░░░░░░▄██████████████████
███████░░░░░░░░░░░▄█████▀░░░░░░░███████
███████░░░░░░░░░▄█████▀░░░░░░░░░███████
███████░░░░░░░▄█████▀░░░░░░░░░░░███████
███████░░░░░▄█████▀░░░░░░░░░░░░░███████
███████░░░▄█████▀░░░░░░░░░░░░░░░███████
███████░▄█████▀░░░░░░░░░░░░░░░░░███████
████████████▀░░░░░░░░░░░░░░░░░░░███████
███████████████████████████████████████
███████████████████████████████████████
███████████████████████████████████████
███████████████████████████████████████

BLACKBOX OS
The Future of Work. Decentralized.
███████████████████
███████████████████
████████████▀▀█████
███████▀▀▀    █████
███▀    ▄▄▀  ▐█████
█████▄▄█     ██████
██████▌ ▄█▄  ██████
███████████████████
███████████████████




█ ANN THREAD █
yarahman
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
April 08, 2018, 09:00:08 AM
 #643

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?

bitcoim is an asset today, it is for a long therm because fluctuations is not stable today.
JerryJam
Member
**
Offline Offline

Activity: 224
Merit: 11


View Profile
April 08, 2018, 09:12:36 AM
 #644

Cryptocurrency is a means of payment. It is faster and cheaper.With cryptocurrency, you can pay for goods and services. In some ways, it is an analogue of Fiat money. Cryptocurrency can also be used as an asset. Due to the unstable exchange rate, this asset can be called quite risky.Here you need to take into account all the risks.

TRADE, EARN & OWN THE EXCHANGE           M o o n X           [    ●    JOIN ICO   -   S O O N    ●    ]
──────────     WHITEPAPER     FACEBOOK     TWITTER     LINKEDIN     TELEGRAM     CRUNCHBASE     ──────────
►   No Trading or ICO Listing Fees      ►   Superior to Nasdaq & LSE       ►   US$ 29M Raised in 2 Weeks!
Shavedcoconut
Jr. Member
*
Offline Offline

Activity: 71
Merit: 2


View Profile
April 08, 2018, 11:47:34 AM
 #645

Both! You hold it for its value, but it has an application outside of just earning value.

▬▬▬▬▬  First Ever Commodity Crypto Exchange  ▬▬▬▬▬
Digital Ticks│ Public Token Sale
Trimegistus
Legendary
*
Offline Offline

Activity: 1288
Merit: 1010



View Profile
April 08, 2018, 03:56:19 PM
 #646

I believe crypto is an asset but in fact this is a mess:

- The U.S. Commodity Futures Trading Commission is eyeing virtual currency as a commodity.

- The SEC is beginning to treat certain tokens as a security.

- The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has stated that certain activities involving convertible virtual currency constitute money transmission.

- The IRS treats convertible virtual currency as property.

(source: https://www.coindesk.com/crazy-cruel-us-tax-crypto-currency/)


misterj
Full Member
***
Offline Offline

Activity: 336
Merit: 100


ONe Social Network


View Profile
April 08, 2018, 04:04:13 PM
 #647

I do believe that when talking about asset you mean that it is a holding or an investment that grows or creates profit for you with ease or with enough time it matures. So it is both a currency because it needs to flow continously to be alive or increase/decrease through time. Just like us dollars because currency are moneys that dies when its circulation stops. The reason why bitcoin value increases and decreases is when only some people sell and a lot of peopleare selling theirs.

Trimegistus
Legendary
*
Offline Offline

Activity: 1288
Merit: 1010



View Profile
April 08, 2018, 04:22:08 PM
 #648

I do believe that when talking about asset you mean that it is a holding or an investment that grows or creates profit for you with ease or with enough time it matures. So it is both a currency because it needs to flow continously to be alive or increase/decrease through time. Just like us dollars because currency are moneys that dies when its circulation stops. The reason why bitcoin value increases and decreases is when only some people sell and a lot of peopleare selling theirs.

Crypto is currency?

Not everybody agrees with that point of view:

https://www.forbes.com/sites/jeffreydorfman/2017/05/17/bitcoin-is-an-asset-not-a-currency/#28df6bba2e5b

 Grin


supercanada1
Sr. Member
****
Offline Offline

Activity: 658
Merit: 250



View Profile
April 09, 2018, 05:33:33 PM
 #649

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?

bitcoim is an asset today, it is for a long therm because fluctuations is not stable today.
Well we can use bitcoin both as currency and as an asset as well, so if you buy bitcoin right now and hold it for long time you will surely see the price very high in future we are going to see bitcoin market high once again, now there are a lot of people who are using only bitcoin to buy things in life they need and some people are just making assets with bitcoin because they want to hold it for long time without any plan for selling so price use to change but we can deal our bitcoin just as we want to deal with it.

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Everything that makes you vital
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

████████████  █████  WHITEPAPER  █████  ████████████
███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███
▄▄███████████▄
▄███▀▀▀▀▀▀▀▀▀████
███           ▀███
███            ███
███   ▄█████▄  ███
███  ███▀▀▀████▄▀
███  ██     ▄▀███▄
███  ███▄▄▄███ ▀███▄
███   ▀█████▀    ▀███
███               ███
███              ▄███
▀███▄▄▄▄▄▄▄▄▄▄▄▄████
 ▀▀██████████████▀▀
BitVit███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███
███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███
jatin729
Full Member
***
Offline Offline

Activity: 420
Merit: 108


The Future of Security Tokens


View Profile
April 09, 2018, 05:50:45 PM
 #650

Crypto can be both, For example if company starts ICO, this mean they will use crypto as a asset to meet the capital requirements for starting business. crypto can be used by both the way. if you are living in japan then crypto can be treated as a currency, you can use it for exchanging  goods and services. Some countries allow crypto for trading purpose only mean people can use it for capital gains, this mean they are treated crypto as an asset.

redcucumber
Member
**
Offline Offline

Activity: 156
Merit: 14

SOLARIS COIN


View Profile
April 09, 2018, 06:32:45 PM
 #651

we all know it that bitcoin is really made to be a currency a digital currency that will make the ease of payment around the globe but that not settle there it has a lot more to offer with its blockchain technology may use cases can be made and a much profound advancements are sprouting that gave bitcoin much more potential to grow fast, with its price increase this 2017 that shocked the world and created a hype people started to treat bitcoin as an asset for their fort folio believing that the technology will continue to progress and will give them huge amount of fortune for the coming years.

BitProCoin
Member
**
Offline Offline

Activity: 238
Merit: 10


View Profile
April 09, 2018, 06:35:31 PM
 #652

With the current rate of its use in the making money it seems to me asset only. There is no way we can call it as currency though it was its initial purpose.
serverus
Member
**
Offline Offline

Activity: 238
Merit: 10


View Profile
April 12, 2018, 01:46:25 AM
 #653

Fo me Crypto is both asset and currency. You can buy thing through this. It also offer big profit for everyone and give opportunity to grow their money. Soon cryptocurrency will be part of the economy.

Horick
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
April 12, 2018, 02:11:28 AM
 #654

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?
Just like the regular currency, cryptocurrency could be both asset or just a currency. When it is invested of course you hold it in your wallet, so it is your asset. When you use it like in payments or in any other transactions, then it fucntions as currency.
ivandu
Sr. Member
****
Offline Offline

Activity: 504
Merit: 250



View Profile
April 12, 2018, 02:17:23 AM
 #655

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?
Just like the regular currency, cryptocurrency could be both asset or just a currency. When it is invested of course you hold it in your wallet, so it is your asset. When you use it like in payments or in any other transactions, then it fucntions as currency.
for now crypto is still an asset. as long as it has not been used as a means of payment received by many countries, can not be said as a currency.

Sr. Member / Hero Member / Legendary:

.
dClinic.io.
██████
██████
███
███
███
███
███
███
███
███
███
██████
██████

▄██████████████████▄
███       ▀███████
███       █████████
███       █████████
███       █████████
███              ██
███   ▄▄▄▄▄▄▄▄   ███
███   ▄▄▄▄▄▄▄▄   ███
███              ███
███▄▄▄▄▄▄▄▄▄▄▄▄▄▄███
██████████████████▀

▄██████████████████▄
███████████▀ ███████
█████████▀   ███████
███████▀     ██▀ ███
███ ▀▀       █▄▄████
███          █▀▀▀▀██
███ ▄▄       ███████
██████▄     █▄ ▀███
█████████▄   ███▄███
███████████▄ ███████
▀██████████████████▀

▄██████████████████▄
████████████████████
███████████████▀▀ ██
█████████▀▀     ███
████▀▀     ▄█▀   ███
███▄    ▄██      ███
█████████▀      ▄██
█████████▄     ████
█████████████▄ ▄████
████████████████████
▀██████████████████▀
██████
██████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
██████
██████
.
. A Comprehensive Healthcare Ecosystem Powered by Blockchain .
| Twitter | LinkedIn | Medium | Facebook | Bitcointalk | Reddit

Bushrat Jahan
Member
**
Offline Offline

Activity: 252
Merit: 10


View Profile
April 12, 2018, 02:30:51 AM
 #656

I think crypto is both asset and currency. When crypto is using for transactional purpose then it is called currency and when crypto is using for hold and try to get benefit from it then it is called asset.

Bushrat Jahan
Member
**
Offline Offline

Activity: 252
Merit: 10


View Profile
April 12, 2018, 02:34:14 AM
 #657

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.
Well said sir. I strongly support to your own opinion. Still now, I believe crypto is both asset and currency.

Tapyaks72
Member
**
Offline Offline

Activity: 392
Merit: 28


View Profile
April 13, 2018, 10:25:10 PM
 #658

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.
Bitcoin is considered an asset because still need for acceptance of major business to be considered as a currency and because of its volatility it is difficult to achieve   a currency status. But as an asset is a valuable investment because  of the prices  that is high.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 [33]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!