Crypto is an Asset or Currency?

[Topaz72]

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 its playing both role it’s a currency and also it can play a role as an asset because bitcoin can help you in present also it can help in future so some of the people they are joining bitcoin to use it and some of them are keeping it hold and they want to use bitcoin in future so its up to you what you want to do with bitcoin because if you keep on hold bitcoin so its price is going very high and it will help you in your future.

[santieevanz]

I agree with your statement that the purpose of digital currency is indeed to make the transaction quick and easier and yes, it becomes asset to everyone because digital currency has the potential to increase its value and at the same time, has the potential to make an income for living. Most of the people describe bitcoin to gold due to the fact that they has the potential of increasing its value as the time pass by and yes, it was proven. However, bitcoin also has an issue just like the price deflation and inflation anytime.

[CryspRayz]

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

Good point. But that's only applicable to BTC. Alts are fast and cheap. But because still very little things are bought with them, it's not fully currencies in my opinion. But we will come to this soon.

[aznboy84]

Obviously that it is an asset because it gives you more money if you are holding it, but it can be used as a currency too only that it is digital, for me,  bitcoin is both at the moment. But it depends on how do you want to use it.

[signup01]

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.

if I think crypto it is an asset and bitcoin also assets and currency. because bitcoin is an asset that is very promising and intended for users, because bitcoin also has helped many people in the world to be better in terms of economics and so on

[btcmayumana]

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 its playing both role it’s a currency and also it can play a role as an asset because bitcoin can help you in present also it can help in future so some of the people they are joining bitcoin to use it and some of them are keeping it hold and they want to use bitcoin in future so its up to you what you want to do with bitcoin because if you keep on hold bitcoin so its price is going very high and it will help you in your future.

More precisely as asset, value of stored. I can not agree if the current bitcoin is still used as a currency, because the fact is currently for transaction costs with the transfer value in small or large amount equally charged high. This is incompatible with the self-made bitcoin itself hoping to become the currency value with the smallest fraction of satoshi.

[devil jin]

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 me, on my own opinion and based on my own understanding and experience, cryptos are playing both the characteristic of being an asset and at the same time a currency. An asset in a way that cryptos are literally good for long time holdings or usages because even with a short period of time, you can obtain privileges like earning a profit from your initial holdings even you do not exert much effort to raise your money which is good for investment purposes. A currency in way that it is already used to purchased or to buy goods and services in which combining both characteristics can make up cryptos so for me, it is both a currency and at the same time, an asset.

[altcointalk14]

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

All digital currencies are issued in the the block hall. Digital assets can be issued both in a distributed register and in any other environment.

[rancidgash]

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

All digital currencies are issued in the the block hall. Digital assets can be issued both in a distributed register and in any other environment.

In a more detailed look at the definition of a digital asset it is easy to see why they are often confused with cryptocurrency. The digital asset exists in binary format and offers ownership. As a digital asset, everything can operate from video to documents and other types of data. These assets are often stored on electronic devices - computers, mobile devices, media players.

[rfouziha]

Crypto is an asset as well as currency. If you hold for a certain period it will generate revenue to your investment so that I consider crypto as a asset where I can encash it any time according to my requirement. Also I consider crypto as currency where I can use it for my requirement and purchase the required things.

[Ayush rana]

Crypto is a asset and currency because people now holding crypto like the are holding any asset but using the crypt like they are using any currency.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

[Genosx]

in my own opinion, Crypto is an asset because this is a stock that we hold because this is not just something that we can use to buy anything that we want.
This is also a way were many users trades and communicate worldwide. This is more than money. People use it because they know that this is a demand for many people or unknown people and unknown transaction. Some use it or believe that it is a currency. But some don't.

[bumoranty]

Crypto is a currency and also a digital asset.

[ShareAccepted]

in my own opinion, Crypto is an asset because this is a stock that we hold because this is not just something that we can use to buy anything that we want.
This is also a way were many users trades and communicate worldwide. This is more than money. People use it because they know that this is a demand for many people or unknown people and unknown transaction. Some use it or believe that it is a currency. But some don't.

We can use bitcoin to buy many things already, so with your criteria it is effectively a currency. I think that some cryptos are currencies and some other are assets, particularly tokens.

[214missy]

Bitcoin was originally invented as a digital currency but due to its limited supply, people then started holding their bitcoin as an asset to sell later when there is a high demand and at the higher price of course.   

I think is is currency because bitcoin is really made to serve us with its currency function or as a medium of exchange for the people so they can have a more secure and fast option of payments where it can be integrated to technology and to the advancement of out financial system.

[Rodge182]

With whats happening right now? Crypto is considered as an asset to have rather than currency. We see crypto as an opportunity to make us rich. We invest in it as an asset.

[ylnar123]

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, when you have a currency it means that you also have an asset. How can holding and buying destroy the purpose of the coins? When people hold coins and make the demand of the coins higher the the price would rise and the supply will be limited, in that way investors can earn better. If you want to sell your coins with low price then do it, but dont argue with what youcan gain. Investors always think of a way to receive bigger profit especialy in cryptocurrency.

[merlyn22]

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 can say it's both a currency and also an asset. people buying crypto and use it for trading and investing they can make profit from this it also use for payment. if you hold crypto it's an asset and once you trade it it's called currency.

[bitgolden]

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.

That’s absolutely true that crypto is both an asset and a currency. I will also quote an example of bitcoin here because people are not just investing into it to get some instant profit rather they are treating it as savings for their children.

The continuous increase in the prices of bitcoin has reduced its function as a currency significantly and increased as an asset. People usually avoid to spend bitcoin on nondurable things.

[Evilish]

In my opinion, it is both. It is up to the individuals whether they would like to use crypto as an asset or as a currency.