Crypto is an Asset or Currency?

[DesmondHayes]

Both of these terms can be used in the marking of the cryptos. Right now Crypto is being more like an asset to all because the limited supply the coins are offering to the buyers. That limited supply is pumping the price for each crypto coin individually. Bitcoin is right now leading in the market because its supply is draining very fast. What will happen when every supply is drained? Cryptos will then be compared with the term currency because the usage of the cryptos will come to the place the moment the supply drains. We can surely say that the crypto coins are the asset right now till the future of the limited currencies comes.

[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?

Crypto serve as both currency and an asset. People can use crypto in the way they want whether to buy something as currency or hold it as an asset. Sometimes, people choose to hold their crypto because there is huge of demand of crypto in the market. so, that why the value of crypto is growing higher.  

[donadoni212]

crypto has a definition as a currency, but over time crypto becomes a valuable asset because of its fluctuating value and can be a good long-term investment.
whether this will reduce the purpose of the crypto or not. But as I said today crypto is a currency and a good investment for the future.
you can see the current bitcoin, now bitcoin can be used as currency and long term investment.

[Virtual miner]

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 you are right infact thinj logicalllly if the very basic idea about these crypto fail who will really ask for them?? Then what will be the motive of the so called hodling of digital currency.

[domari]

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 it is both. Can be an asset or a currency. But sometimes it's more likely to be an asset than a currency. Because we hold and keep it.

[Anyobsss]

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 treat cryptos as an asset and i've been holding so many altcoins from airdrops because i believe that in the future they will have a great value. I already made some mistakes for selling altcoins in the past that could have earned me a lot of money now. I will now hold and keep all my cryptos and will wait for the perfect time to sell it.

[jmlona]

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 it is both. Can be an asset or a currency. But sometimes it's more likely to be an asset than a currency. Because we hold and keep it.

I agree it's both, in time I think that it can become more like a currency but now it behaves a lot more like an asset, the only way I see for it to become better used as a currency would be for stability to come in to place, how that can happen, I do not know.

[khufuking]

cryptos can be both , Currencies for coins that aim to be used as ways to move money and spend it , And it can be asset for most of tokens , that are created to act as shares to collect money . Anyway , you can define cryptos the way you will use it , it is not a fixed definition for every coin/token

[jeronimosuykens]

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 it is both. Can be an asset or a currency. But sometimes it's more likely to be an asset than a currency. Because we hold and keep it.

I agree it's both, in time I think that it can become more like a currency but now it behaves a lot more like an asset, the only way I see for it to become better used as a currency would be for stability to come in to place, how that can happen, I do not know.

To me, crypto is a valuable asset that is converted to currency for investment and long-term accumulation. I do not think crypto is merely a currency to trade with normally because most coin presently have practical applications in different services, each coin carrying its own distinctive identity. This makes the coin difference. Currently crypto is the most valuable asset I know of.

[Lenzie]

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?

Why do you think that it will destroy the initial purpose of the coin? It will just strengthen it in my opinion. If we trade bitcoin and it has become an asset that we hold and sell it  will still serve its purpose which is for convenient transaction and making it a currency that we trade. Still the same value and use, only that it has been improved.

[Yabuy92]

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 also agree with you, it is true cryptocurrency can be used as a means of payment but here instead used as a tool to find profits in exchange, probably because of the fluctuating movement

[Papaczed]

That topic is really great, and for me crypto is can be an asset and it also can be a currency, first if we earn a lot of money or profit here in crypto we can say that our money is our asset and second is it is a type of cryptocurrency so it is a currency just like bitcoin.

[Jupeter]

Just like other people answer i will said that crypto is both an asset and crypto, crypto is became a currency because there are many types of cryptocurrency like ethereum and bitcoin that is can used for payment and crypto is became an asset because we can make a lot of profit by the help of crypto.

[shalnark]

For me Crypto is a currency. This was uses and created by technology and everything is virtual, like Bitcoin is under digital currency its means the function or transactions all about by using technology and internet. Bitcoin now is profitable for its users because its value is continuously increasing and crypto are not objects to be consider as asset.

[qwertyup23]

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 treat cryptos as an asset and i've been holding so many altcoins from airdrops because i believe that in the future they will have a great value. I already made some mistakes for selling altcoins in the past that could have earned me a lot of money now. I will now hold and keep all my cryptos and will wait for the perfect time to sell it.

Like what you guys said, the perspective on cryptocurrencies primarily depend on the individual on whether how he/she treats it to be. For example a student might consider cryptocurrencies as alternative income (therefore currency) from payments they receive in doing signature campaigns, trading, or doing services for another. On the other hand, an investor might view it as an asset which has the potential of doubling its value in the long-run or for earning short-term income by investing it in a span of a year.

Personally, cryptocurrencies are both asset and a currency depending on the situation currently presented. As a student like me, I view it as extra money for my services and I also invest the other half of my earnings as a long-term asset.

[equoboy]

In my own perception crypto is both asset and currency. For example of this is our very own bitcoin. Bitcoin is a kind of cryptocurrency also it can be converted into cash and cash is an asset.

[davinchi]

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

Using Bitcoin as an asset doesn’t mean it is being destroyed, cause that’s the main reason it was made for. It is not a currency and can’t be a currency, it’s an asset. Currency is any medium of exchange that is being accepted by a particular country.

[Brunus Januensis]

Event if the initial intention was to create a currency, at present - due to high fees and long time verification - is much more an asset

[Andrej Peiboski]

Event if the initial intention was to create a currency, at present - due to high fees and long time verification - is much more an asset

Absolutely. But I think that in short time the system will solve the presen limits, so we'll can use any cryptocoin as a normal currency.
Well, may be "short time" is too optimistic... we'll see.

[tonyvo2017]

I do not think so, everyone wants to get bitcoin because they want to have money to make their plans in real life. bitcoin is just an electronic coin that is circulated on the bitcoin forum to complete the project. It can not be used in real life. They have to change from bitcoin to money for consumption. You misunderstand what it really means.