Crypto is an Asset or Currency?

[Golftech]

it will remain the same that people around are making good earnings as they continue holding bitcoin as an asset, I guess the main purpose according to why bitcoin was been created is be more useful as another way of transacting payments, but people tend to see opportunities and we cant avoid that as
the market continue to be like this.

[kalawang]

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 now bitcoin is cryptocurrency so this is not a currency like fiat? Because this is a digital monet you need to convert to real/fiat money to buy anything but i think this is also called an asset because if you hold this this is profitable.

[Rajamuda]

Which's clear Crypto is a digital currency that can also be used as an asset to gain profits, especially on investing / trading.
I think not everyone buys it, there are still many people who earn money from crypto without having to buy it first, still many of them are trying to get various profits from the way that can be to do without having to buy it. Many people also are already using crypto especially bitcoin to buy anything that they want like as buying anything with a regular currency. And so far I think all the activities everyone does on crypto, it doesn't destroy the initial purpose of the crypto ie create a digital currency.

[kimpena]

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?

Bitcoin or crypto currency can be an asset of anyone, cause it can be owned by anyone whoever wants to have it. Most of bitcoiners use to hold it until it becomes to its greatest value, and yes I believe that it may destroy the main reason of creating cryptocurrency. It must not be the main purpose of it, instead it must be made to create a new world of currency in which will destroy the fiat money.

[thr3]

Bitcoin is an asset as it is deflationary by design. All the others are essentially currency but none of them are suited to be a typical currency except maybe Ripple.

[trecore4]

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?

Okay you are not wrong. The whole purpose was to create a currency which will work under the principles of decentralised and peer-peer transactions. But this purpose has not yet served as people are just thinking the crypto currencies/assets as the way to make money and profits from he investment they are making. As this has changed the course of crypto world from better transaction world to better store value the thing may not be called as currency anymore. But we are not the officials to call it off like that because it could still get that status once we reach the stage of high throughput trisections where local or other digital currencies may not work but the crypto currencies will due to their one and the only one character thats decentralised work platform.

[lienfaye]

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?

Bitcoin is a currency and an asset as well. As currency because we can use it online for purchasing, paying etc. We can make transaction quick and hassle free specifically when im sending money out of the country, btc txn is less fee and its a big help. Its also an asset, with unstable price users are making money by just investing and waiting for the right time to sell.

[mriansa]

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 cryptocurrency like bitcoin is an asset and as a place for future investments, with digital currencies like bitcoin we can earn a lot of money.

[sdas90]

Every currency is an asset but bitcoin is a very unique creation in which both valuable asset and currency in the world. It's already internationally accessible. i believe bitcoin is more treated as asset than altcoins they are more treated as currency.

[cherrymobile]

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?

CRYPTO- currency so this is a currency but this is not a fiat currency this is a digital monet that have a more value in real currency and this currency is so very fast to transact than fiat money so this is very important to all.

[darewaller]

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.

Cryptocurrency is an asset and not a Currency, though they can be called virtual currencies, and this means that they unregulated and can’t be controlled by the law or should I say government. So you can see, they are not real currencies, they were called virtual, and are also regarded as assets. Some people will tell you that cryptocurrencies are assets, but don’t listen, they are just Bitcoin-lunatics. Yes, cryptocurrencies can be used for transaction, and same thing applies to Gold; it can also be used for transaction, but it is called asset/stock.

[RoadToBTC]

I think not for that, it's just that many people can take advantage of the condition of digital currency. they can look to benefit from saving the digital currency. not just for buying and selling only.

[burnchan]

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 in the form of Bitcoin is both a digital currency and an asset. It main purpose was a digital currency. This can be used for online tansactions and money transfer. On the other hand, this becomes an asset since we used cryptocurrency in investments. Especially for Bitcoin, which the trend of its value goes up. With this, bitcoin is also termed as a digital asset.

[Wagako]

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?

Yes bitcoin can be an asset and crypto. Bitcoin has been created for a purpose and the purpose of it is to act as an online crypto where we can use to transact online. Bitcoin also an asset since everyone of us is using bitcoin as a part time job where every users of bitcoin has been benefited financially and many of us now is holding bitcoin because bitcoin has the potential to continually increase

[Tony_Nguyen]

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?

Bitcoin or crypto currency can be an asset of anyone, cause it can be owned by anyone whoever wants to have it. Most of bitcoiners use to hold it until it becomes to its greatest value, and yes I believe that it may destroy the main reason of creating cryptocurrency. It must not be the main purpose of it, instead it must be made to create a new world of currency in which will destroy the fiat money.

Yes, I agree with you. BTC price is fluctuating so it may be risky for an organization to accept it as payment mode.

[OrangeSeller]

Crypto is an asset for me because when you have cryptocurrency, you can have a chance to increase its value without doing anything but just holding it or keeping it safely in a crypto wallet. There is a lot of crypto in the market and they have different project or vision for the future so i think that they are not good for being a currency because they have their own business and responsibility to deal with.

Yes of course I consider bitcoin as asset too. Reason is same, it has been fantastic in last few years since its development for the very first time. Bitcoin have proved us that it has that much potential to make you rich if you are going on a right path and with full devotion and hard work. Thus like you have just said, bitcoin is an asset that can yield you more value only by holding. Just like any bought land.

[Choyor]

I would argue that Bitcoin is more an asset. because Bitcoin is just a digital value that we can convert into currency, and vice versa from currency to Bitcoin. which we must manage and save for our future, or for the use of daily needs.

[Sweeet123]

Well I think in the short run it is a currency, but since the supply is not very abundant ,in the longer run it can well be treated as an asset,because over a period of time a resource that you have in limited supply will tend to have its value increased.Add to it, the increase in future demand of crypto-currency you might well be in a commanding position to get a hefty value for each unit of cryptocurrency

[DevelopmentBank]

I believe many consider it is a currency. Why?
It's something you can use to pay for something.

Can you pay for something with an asset? No, the best you can do is to trade an asset. We don't know for sure what the government will officially classify it as yet but the line of distinction between the two is a bit blurred at the moment.

[LogitechMouse]

I will say both an asset and a currency. Bitcoin for me is considered as a currency because there are some sites that are accepting bitcoin as a payment. Not only sites but in some establishments too, they accept bitcoin as another way of payment. Bitcoin is a currency and at the same time it is an asset for me because it can give you profits when you hold it or do some trading or gambling. Bitcoin for me is both an asset and a currency.