Crypto is an Asset or Currency?

[removebeforeflight]

Crypto is a all in one digital money. You may have Crypto as an asset if it is idle and transact if in need. The initial stage of all things would be narrow but when days passed everything would be broaden. However Bitcoin has broaden itself to make itself as an all purpose usage.

When phones invented by Graham Bell the purpose was just to have communication through voice. But now the invented communication system is used for many purpose. Similar to this example Bitcoin also was having many transitions and would have more in near future as well.

[websoftwareengineer]

Crypto is a currency because it is a value and it is a digital currency as well, You can also call it as an asset if you still have a day job while working on bounty campaigns, You can call it in both way's but the most important thing is that you earn money from it.

[acener]

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 feel that crypto is a little more of an asset, but more of being a currency. It can definitely be an asset depending on how we use it. Although, it is most certainly, without a doubt a currency since we can use it as money depending on what crypto we are holding or using. The good thing though, is it can be an asset as well.

[Drixy]

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 both after all it depends on how you use it. If youre calling for a long term HODL for it. It can be called as asset if you use it like that At first your considering a digital money to be held in as small as smartphones.

[Casdinyard]

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?

Yeah bitcoin is created as a digital currency but since the value is insanely increasing people realize that this can be a good asset. That's why we're holding it as much as we can so it will be beneficial for us in the future.
And I don't think it'll destroy what's the main purpose of it as we can think that bitcoin being a great asset is a blessing in disguise by Nakamoto.

[nagatraju]

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 both after all it depends on how you use it. If youre calling for a long term HODL for it. It can be called as asset if you use it like that At first your considering a digital money to be held in as small as smartphones.

I agree...but at the moment it seems to me that using it as a currency causes difficulties

[beej]

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 digital currency, it was built for that very purpose. It's also correct that
Cryptocurrency is an innovation to make transactions easier and more faster. Ever
since it's exposure and growth throughout the years, it evolved and people began to
notice it's heighten potential. Those moments turned cryptocurrency into an asset, a
volatile lucrative type of asset and at the same time a functioning currency.
It's uncommonly unique actually because today it is credited both as an asset and
a currency.

[Shikaina]

For me it is both but not all cryptos can be considered assets. Some are just real bubbles. One pops up and the other comes. But bitcoin indeed is both an asset and a currency.

[Visualvery]

For me, bitcoin now is asset. Because, by holding it i can have an increase in value. And this much better, acceptance bitcoin in global community very positive. Once used as solution to the usual financial constraints.

[jaaeeeyyyy]

It is an asset because of its value and used as currency to transact or even vice versa It is a currency to use for transactions and only made an asset because of its high value. So its both an asset and currency in different aspect of viewing to it. Whether its a value or currency it does not matter to me as long as bitcoin is rising now and helping many people l

[jovs]

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?

When we speak of currency, we are actually pertaining to a tool that posses a certain value use for buying, purchases or business transactions.Digital currency or cryptocurrencies possesses the same property as normal currency does. When we say asset it is everything a person owns, like house, cars, jewelries and even money. Anything that is valuable, so cryptos can be classified as both asset and currency.

[agentx44]

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 a currency in my opinion. Bitcoin is a digital currency so teachnically it is a currency. But due to the high rate of increase on its market value, people considered it as an investment which turned out to be a good investment for being profitable to most of its users which are now also investors. The rate of increase makes Bitcoin more epecial than ither currencies.

[Best Dreams]

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 both we could say its an asset because we can use it in our payment method or we can have an extra income here in bitcoin.We could say its an asset because its like a gold that cannot be depreciated we can invest it to make it more profitable,but I believe the crypto is asset because we are buying and at the same time holds for the possibility of increasing the value. But if we use the word crypto, most people, they know it is a digital currency that speeds up the transaction when it comes to money..

It was basically a currency but people find it as investment and make it an investment coin and which is also permissible here and people are making money from it and it can be both the both modes are beneficial currency mode is not that much beneficial because of small acceptance if bitcoin as payment in online outlets and sooner the currency use will be started at large scale and that will give more rise to the prices.

Yes that is right that bitcoin is created as currency but as by holding it can really give ua s good profit, even if we hold it for some time it can give us a good profit.

Maybe you're right, but when it comes of the situation that you're going to hold it for a long-term , perhaps it will be an best asset of your life which can give a chance to become rich someday through just be patient by holding it in long long-term. Because the bitcoin now is heading into $21,000 that has really have a big potential to be more valuable and might possible to be legalized in whole wide world.

It’s actually both asset and as well as currency if you want to use it today so it can play a role as a currency and if you want to keep it save for it can also help you in your future so bitcoin is best of the best to use and I know also of people who are using bitcoin in different ways such as for daily needs and also for future I’m also doing investment here but when I need to buy something so I also use bitcoin for my daily expanse.

[TeLlMeFrY]

They were created to be currencies and currently are currencies. However, many of them have experimented huge increases, so many people are holding them and they are behaving like assets. But it doesn´t mean that because it is being treated like an asset, its not a currency anymore.

[Ulan01]

I prefer crypto to be called an asset, because in my country the use of bitcoin as a medium of exchange is still small, because the government in my country also does not issue bitcoin as a medium of exchange. So the community also makes bitcoin as a medium of business and investment.

[nethan1btc]

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 both we could say its an asset because we can use it in our payment method or we can have an extra income here in bitcoin.We could say its an asset because its like a gold that cannot be depreciated we can invest it to make it more profitable,but I believe the crypto is asset because we are buying and at the same time holds for the possibility of increasing the value. But if we use the word crypto, most people, they know it is a digital currency that speeds up the transaction when it comes to money..

It was basically a currency but people find it as investment and make it an investment coin and which is also permissible here and people are making money from it and it can be both the both modes are beneficial currency mode is not that much beneficial because of small acceptance if bitcoin as payment in online outlets and sooner the currency use will be started at large scale and that will give more rise to the prices.

Yes that is right that bitcoin is created as currency but as by holding it can really give ua s good profit, even if we hold it for some time it can give us a good profit.

Maybe you're right, but when it comes of the situation that you're going to hold it for a long-term , perhaps it will be an best asset of your life which can give a chance to become rich someday through just be patient by holding it in long long-term. Because the bitcoin now is heading into $21,000 that has really have a big potential to be more valuable and might possible to be legalized in whole wide world.

I think for now many people using bitcoin as their asset and their currency at the same time. they use bitcoin to trade so they can save more bitcoin and then they will keep the bitcoin in their wallet. but if I see now, some people said that they use bitcoin for a long term investment but they become panic when they see the price is dropped too far like now and they decide to sell some amount of the bitcoin and I think they don't really use bitcoin as a long term investment. if they really use bitcoin as an investment, they will not getting panic and will stay calm and they will buy more bitcoin so they can increase their bitcoin.

I guess it's a nature of a people that being panic when the bitcoin is suddenly going down especially if they don't really yet know why bitcoin is always flactuating its value.

I suggest for those begginers in bitcoin investment  that do search sometimes about of it, which might could help them to learn and gain more knowledge in bitcoin. So that if bitcoin suddenly changes again it's value they don't wonder why this happening because they already know about it.

[BagzMM]

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?

Yeah, i agree on you...it will destroy the initial purpose since the value of bitcoin is higher and fluctuating.
People will consider it as asset rather than a currency, they will surely hold there bitcoin and wait at a profitable value.

[geopolisch]

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 both we could say its an asset because we can use it in our payment method or we can have an extra income here in bitcoin.We could say its an asset because its like a gold that cannot be depreciated we can invest it to make it more profitable,but I believe the crypto is asset because we are buying and at the same time holds for the possibility of increasing the value. But if we use the word crypto, most people, they know it is a digital currency that speeds up the transaction when it comes to money..

It was basically a currency but people find it as investment and make it an investment coin and which is also permissible here and people are making money from it and it can be both the both modes are beneficial currency mode is not that much beneficial because of small acceptance if bitcoin as payment in online outlets and sooner the currency use will be started at large scale and that will give more rise to the prices.

There is no doubt that bitcoin is in true spirits a currency. It was made to be used as international currency and it is indeed used by many people for clearing their bills and tuition fees too. Bitcoin is a money, it just differs in form. Bitcoin is abstract money and the best thing about it is that we can also use it in the form of investment. There are many people who are really accepting bitcoin as a mode of payment happily.

[lance04]

Cryptocurrencies or electronic currencies are both serves as an asset and currency.
Crypto has a monetary value which can be use in all commercial transaction, you can buy somethings, pay bills and etc. Another thing is serves as asset since they provide security for a bright future of every investors.

[Al Amin]

Crypto is both an asset and also as a currency. But basically crypto is created as a digital currency, but slowly crypto becomes an asset where everyone buys and stores it for greater profit.