Crypto is an Asset or Currency?

[gesdan]

right now i know that some people makes bitcoin as the asset, usually they use bitcoin for trading or do some business on it, but i hope that in the future bitcoin is used for currencies in offline store or any online merchant so we can use it all day

[WorldBitICO]

It can be used both as a currency and asset.

[mia khalifa]

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 many potential future assets that are potentially profitable but just like digital currencies like bitcoins that can be more profitable.

[Shendy23]

It is both. An Asset and a currency. It is an Asset if you will invest on it. How? You just hold your crypto and nit to exchange it in any other crypto or other fiat. It is a currency because you can trade using it. It is use for exchange or payment. Thats why its a currency.

[audrey12]

A currency is considered to be an asset of an entity and crypto is both an asset and a currency it is considered to be a current asset if was use to pay expenses and purchase goods, non-current if was use for long term investment. This is just an accounting concept it will be base on the liquidity of crypto. So far many people consider bitcoin as a long term investment they kept for their future.

[Pettuh4]

A currency is considered to be an asset of an entity and crypto is both an asset and a currency it is considered to be a current asset if was use to pay expenses and purchase goods, non-current if was use for long term investment. This is just an accounting concept it will be base on the liquidity of crypto. So far many people consider bitcoin as a long term investment they kept for their future.

Its both an asset (commodity) and a currency because the Futures Association in the united states has listed it as both a comodity and a currency that is why it shows semblance of both and it depends  what and how you want to use  and the kind of benefit you will derive from it.

[yugyug]

Long before when bitcoin was not that popular or in-demand as today it is considered as currency but overtime, producing bitcoin cryptocurrency is not an easy task and it requires more cost of electricity to make 1 bitcoin and its difficulty rate is getting higher each time more bitcoin was produce to prevent oversupply.
Today, as the supply of bitcoin are limited and the demand is getting higher so as its value, so we will consider it as an asset to hold the bitcoin and looking forward for a higher value in the next few more years to come. As i see today, Japan are among the country who considered bitcoin as currency that's why the demand and it price soaring very high unlike 3 years ago where bitcoin was very affordable to buy like a 200-300 USD value per bitcoin.

[shark69]

I think cryto is a digital currency that can be used as an asset for the future.
it would be difficult to mention that the crypto is an asset or currency, which is clear crypto will change one's future

[leonair]

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?

That is really the plan for bitcoin and I am still seeing that it is on that track, reason why people are buying and holding it right now is because it doesn't that much use yet. You can't use bitcoin as a currency right now rather an investment. Once more businesses accepts bitcoin as a mode of payment then you can expect that it will be used as a currency by that time.

[Ranly123]

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?

In my thoughts it is no different at all. Crypto is currency and that made it an asset to br used in transactions. Digital currency does a huge part in the new business through internet, thus ussing cryptocurrency as asset defines it even further to develop the so called digital investment or cashless investments.

[nskendrovic]

Crypto is both. Well, bitcoin is anyways. Because BTC is sound money and it's store of value is the best that exists one can use it as an asset. But it can also be used as a currency. However, it is not at the payment network level it should be to service the whole world, but it's getting there. Rough consensus is a process and it takes time to review code, give peer feedback, etc

[nguli]

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?

digital currencies like bitcoins can be used as assets and currency depending on what bitcoin we make, I make bitcoin as an asset and a place of my savings for the future.

[snekinmyleg]

Crypto is more like an asset than a currency. Currency is thing that is popular and mostly all the cryptos aren't that popular except ETH and BTC.

[goaldigger]

I guess that is more on asset. Asset in which the bitcoin is being hold like what you have said and it is not circulated like a currency should be. Traders wait for the prices to go up so they will not use it as a medium of exchange. But they also use bitcoin as a currency also when they need to purchase something. For me , its use is more like 80% asset, 20% currency. Its a digital currency tho thats why it called a cryptocurrency.

[faceoff97]

Cypto is a currency that you can also consider as a valuable asset since some coins are limited in supply and also high in value like btc. As the price continue to soar higher it is great that you consider your holdings as an asset that you can possibly use in the future. Don't be confuse on that because at the end what important is you make money using that crypto currency.

Crypto is more like an asset, its actually a form of investment that may show tremendous growth and produce good amount of profit.  It is an asset in such a way that it maybe mean of storing wealth for a long period of time and might increase its value in time. Crypto is actually made for a specific purpose and only has a limited feature which cannot fit to be called as currency. Though it might be use as a form of payment and can be use for special transaction.

[jtipt]

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?

IMO it's both, an asset as well as currency. It depends on how you look at it, most people are looking at it as an asset for investing, as it hasn't been implemented as a currency everywhere. There are still very few places where Cryptocurrency is used as an payment. Unless more places start accepting it as payment, it will remain as an asset for investing.

[Semar Mesem]

The world of transactions is constantly changing, the trade that used to be only the present state of the individual can be free to buy anything from other countries, surely this is a tricky thing if using fiat money and cryptocurrency could be the solution for that...

[balehubucks]

It is both.  Different cryptocurrencies serve different purposes.  Just looking at the last year, I'd say Bitcoin in particular is not suitable as a currency.  This week I had to pay $8.55 transaction fee.  So, I probably won't be buying my morning coffee with it anytime soon.  Bitcoin does make for an excellent store of value.  Other coins like Dash, Zcoin, or litecoin make a much better currency.  Different coins for different purposes.  I think we're seeing this trend manifest with all of the new alt-coin projects.   

[sugihe]

I can say most people will speak their own opinion and its slighty different.
For me, i know the name is crytptocurrency but for me its more like asset. We buy and save it and hope the asset become worther in future.

[Ingoats]

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 more of an asset because its market value is continuously increasing as time is passing by although it is really a crypticurrency so it can also be used as a currency to pay bills or to be used on daily transactions but is only limited in countries where it is already legal. So in general, bitcoin is used as an inestment and as an asset as source of profit and income.