Crypto is an Asset or Currency?

[Kevin77]

crypto is both currency and an asset at the same time because it can be used in both and applicable to both of them like for example i can use my crypto as a form of investment and other times i will also like to buy things online using my crypto for a convienient shopping and to avoid much hassel when compared to credit or debit cards and any other payment method that requires your important information. cryptos can also be used on trading , sending payment or recieving , mining , etc. therfor crypto can be anything or it can be a multiprpose tool and not just an asset or a currency.

Yeah, it is definitely both. Just that for now, the currency aspect of it is not really being made use of and that is pretty bad. I am sure things would change in the long run, and there would be the possibilities of having to make use of crypto as currencies of choice, either the centralized or the decentralized ones. For now, it still serves more like a stock market where you can do basically all things but most especially as an investment.

[Omega Weapon]

It depends. At this point i'd call Bitcoin an asset although originally it was a currency.

Bitcoin is not behaving that much like a currency in that I agree but we need to remember that is only because of the high fees once the high fees are under control we will be able to use bitcoin as a currency once again, just lets hope that happens soon enough because the fees are getting astronomical, it is going to come to the point you should only move thousands of dollars and that was never bitcoin true intent.

[cybersofts]

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 main fucntion of Bitcoin or idea of it is a digital currency but it just happened that the market value of Bitcoin is continuously increasing with a high rate making it a good investment or asset which value is growing as time is passing by as well as the profit. So basically and technically, Bitcoin is in between a currency and an asset.

Bitcoin is both digital currency and also a store of value like an asset although it was originally invented as a currency. Bitcoin has a limited supply that is why some people choose to hold it as an asset to sell later when the value appreciates. There are only 16.7 million bitcoins in circulation worldwide and there will be only 21 million bitcoins to be ever created by the year 2140.

[Astvile]

Some people calls bitcoins as an asset as for me its just a currency over all,considering the fact that i can freely spend my bitcoins online now(i dont usually go outside and shop physically).So bitcoins is very useful for me and i consider it as an currency not an asset

[Omega Weapon]

Digital assets and crypto-currencies are still new products in the world of finance. Therefore, it is not surprising that the interpretation of these concepts raises certain difficulties. Many people confuse these concepts and call the crypto currency a digital asset, but these products differ from each other, and above all, the management method. There are certain differences between the two types of financial instruments.

It is going to take some time before people adapt to bitcoin, bitcoin is not a traditional currency and that is why people have doubts if it is going to work at all as a currency, but after some of the biggest issues of bitcoin gets resolved I do not see why bitcoin cannot be a currency, and when that happens people will accept bitcoin the same way they have accepted previous inventions like computers and cars.

[ritsel02]

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's transaction now is so expensive and using it as payment cost a lot just to be able to have a faster transactions.And I agree with you, bitcoin now became a unique valuable asset in which everyone wants to have and hold it in long term because we all know that the longer the time the greater bitcoin's value will be. If transferring bitcoin wont cost too much and wont get stuck, its purpose as currency will be served to everyone who wants to pay through bitcoin.

[Wolfwar]

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's transaction now is so expensive and using it as payment cost a lot just to be able to have a faster transactions.And I agree with you, bitcoin now became a unique valuable asset in which everyone wants to have and hold it in long term because we all know that the longer the time the greater bitcoin's value will be. If transferring bitcoin wont cost too much and wont get stuck, its purpose as currency will be served to everyone who wants to pay through bitcoin.

I think that first of all, crypto currency is a good way to earn and save your assets names in the crypto currency. But many bitcointalk users consider crypto currency primarily a masterpiece or art, and even despise those who are trying to earn with Bitcoin. My opinion is better, combine business with pleasure.

[OddGhost17]

Crypto are considered both an asset and currency. Although it was created as currency before, it made people earn profit and considered it as asset or investment to have.

[Pattart]

Crypto are the best investment form in the current economic situation .we can earn more profit by making investment in the crypto currency.

Bitcoin can be use in any shape because bitcoin is asset and as well as money because bitcoin is a digital currency and its work is different than any other currency you can earn from it and after earning you can use it and if you want so you can save it also and then you can use it after some time and its price is also very high than any other currency which is also very interesting and that why everyone they are crazy about it.

that's the privileges of bitcoin. you can use bitcoin for your investment and you can use bitcoin for currency or payment option. but only a few users who use bitcoin for currency are certainly due to some problems. possibly expensive fees may include less interest in bitcoin users to use bitcoin as currency. while bitcoin investment is very profitable so no wonder bitcoin users are mostly investors..

[mr.nby]

It depends on the personal feelings of each person. One will treat crypto as a asset and the other as a currency.

[mouneshwar123]

I believe it is both currency and an asset. But it is not good when a lot of people consider it just as an asset/investment. Or at least until it is widely accepted all over the world. The goal is to make it widely accepted even in the remotest place, to buy a coffee in Himalayas, in Nepal. In other words, the circulating supply should roar.

[samycoin]

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.

I agree because the important is you consider the bitcoin and cryptocurrencies as an asset. I think just continue what you doing because in that way you can earn big profit in the future.

[SirLancelot]

For me crypto is an asset. Because of the fast changing of the prices of tokens and bitcoin, you can earn profit by holding the tokens or bitcoin and trade it with your desired price.

Yes it’s an asset, that’s why we invest the real currencies into it to make more. Another thing is that it belongs to no country, so it can’t be a currency. Lastly, the main reason it was made was to serve as a source of investment and not to be a Currency. The rich guys understands that, but the poor guys mostly don’t.

[dyablo]

Crypto is an asset and a currency at the same time. If you hold it, you can consider it an asset, and when you spend it you can consider it as a currency.

[EdenHazard]

It depends. At this point i'd call Bitcoin an asset although originally it was a currency.

Bitcoin is not behaving that much like a currency in that I agree but we need to remember that is only because of the high fees once the high fees are under control we will be able to use bitcoin as a currency once again, just lets hope that happens soon enough because the fees are getting astronomical, it is going to come to the point you should only move thousands of dollars and that was never bitcoin true intent.

a currency for micro payments indeed recently are not worth because of the big fee , everybody knows that and feel how hurt to send your $90 with fee around $50 , really not a good way to do business , so no wonder people more to consider it as an asset.

newcomer also prefer to consider it as a digital asset , besides it gives them a significant profit they feel it so promising for the future.

[Haynes]

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 it does happen this time. many people rely solely on the world of cryptocurrency as an asset to invest.
but to me it can be said to be a reasonable treatment and will not negatively affect the initial purpose of the creation of cryptocurrency. may actually be one of the support in the development of cryptocurrenncy world.

[sayulita]

I believe it is both currency and an asset. But it is not good when a lot of people consider it just as an asset/investment. Or at least until it is widely accepted all over the world. The goal is to make it widely accepted even in the remotest place, to buy a coffee in Himalayas, in Nepal. In other words, the circulating supply should roar.

In today's date,crypto can be considered as an asset though it is a currency.This is because people hold their cryptocurrencies or bitcoin in order to gain profits.People also invest in cryptocurrencies so as to earn profits in short the short term.You have both the options.You can also spend it as a currency.You can also make some transactions through cryptocurrencies.

[iv4n]

This topic remained me about today's headline at coindesk https://www.coindesk.com/bank-of-israel-digital-currencies-are-an-asset-not-a-currency/
Is real administration said its an asset for them, in US is asset too, for some other governments is asset too, for me its both. I think governments are looking for a way to tax bitcoin and putting bitcoin in that category is easier for them for now. For us who use bitcoins everyday for something bitcoin is more currency, we exchange it for fiat or use it for gambling or buying.

[Fedrey]

This topic remained me about today's headline at coindesk https://www.coindesk.com/bank-of-israel-digital-currencies-are-an-asset-not-a-currency/
Is real administration said its an asset for them, in US is asset too, for some other governments is asset too, for me its both. I think governments are looking for a way to tax bitcoin and putting bitcoin in that category is easier for them for now. For us who use bitcoins everyday for something bitcoin is more currency, we exchange it for fiat or use it for gambling or buying.

recently in the media in general there was information that in Belarus had adopted a law banning the taxation of work with the crypto currency. I do not know why or what it is connected with, but I was surprised, because the government's policy and actions regarding the crypto currency are incompatible.

[Crypto Lion]

I view cryptocurrency as a mixture of a stock option, asset and a currency.

Stock Option:
When you invest in the cryptocurrency you choose, it has a value placed behind it. And coinmarketcap shows this the best way. The value of Bitcoin is similar to stocks because it's value can change from $16,000 USD to $13,000 USD within days. Like stocks, you need to research what cryptocurrency you're going to invest in so that you can receive the most gains and value out of them.

Asset:
Each of these coins that you own, they allow you to do multiple things behind them. Even with the development of multiple ICOs on Ethereum's blockchain, the coins can be used to handle multiple purposes outside of just being a currency. You can use Bitcoin to pay for tuition or as some would do, convert it all in USD and buy realistic property with it.

Currency:
But it's also a currency because it's distributed out in similar ways that fiat currencies are made. The only difference is that cryptocurrencies have a maximum token supply, meaning that no more of it will be made after that limit is reached. This prevents inflation and helps them be easily transferred and used throughout the blockchain network.