Crypto is an Asset or Currency?

[munareal]

Crypto currency is an asset or currency depending on the way you want to see it. I is an asset because its value can appreciate and depreciate . It can also be seen to have value of stock and bonds . It is  a currency because you can use it as a value of exchange

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[innocent93]

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?

At this point, considering the evolution of the market and the fact that more and more countries are starting to be unreceptive to the crypto world, i believe it is an asset.

[cizatext]

To me cryptocurrencies are assets and at the same time a currency, an Asset can always be converted into currency at any time except that asset does not have value. So bitcoin and other cryptocurrencies are great assets which can be turn into currency at any point in time, crpto is the greatest assets of our time changing the financial life of it users all over the world.

[Tungsten-1]

Crypto is a digital currency. Since, we invest to a cryptocurrency like bitcoin, meaning crypto is an Asset. Because any investment is an Asset. Lets say crypto is like banks that your savings earning interest. For me, currency has the biggest part in our Asset. Any Asset we have should be treasured and keep it safe. Cryto is the best place to invest our treasures.

It is really very much difficult for any of the crypto currency to term as an asset or currency. At the very present time, most of the people are taking it as an asset and are taking it as a very good way of making more money in less period of time. However, in the coming days, there are slightly chances that people will start using bitcoin as currency as there are places which have started accepting bitcoin.

[.01BTC]

Crypto can be called is an Assets or currency, like bitcoin and ethereum
used as payment transaction and the others like ripple used as internet protocol

It’s actually both currency and as well as asset because if you want to use bitcoin so it can help you a lot because it work same like other currency and if you want to keep it on hold so after some time it will also help you there are a lot of people who are going to keep bitcoin on hold and they are waiting for right time when its price go high then they sell bitcoin to take their profit so I think bitcoin is all in one and that why every want to join bitcoin.

[AlphaWolf]

It's both an asset and a currency. Different people have use it differently.

[setupbounds]

At present, it's much more an asset, as high volatility, high fees and long time verification make it still unusable on practical level.

Crypto currencies can be termed as both currencies as well as an asset. However, at the very present time, people are taking all these crypto currencies as one of the best way of investing their money and are taking them as an asset.

However, all the crypto coin especially some valuable coins have much potential of becoming a currency too and there are chances to see them as currency in the future.

[mylyn2327]

Crypto-currencies are made to be an asset worth a value making it a currency. Some countries like Japan are taking it as its de facto use, a currency, but in most places it is an asset, thus tax-free, and that is awesome.

Yes it is true crypto can be both currency as well as asset. It become an asset because of its value that we hold as well when we are investing on it. It is a currency that we usually use in some of our transaction and when we converted it with our country fiat and gladly the adoption of it are getting higher nowadays. It is an awesome asset just like you said because it's tax free.

[hshr0h3110world]

A currency and an asset are two different things but we can still classify crypto to any of the two. First, you need to understand the difference between an asset and a currency.
A currency is a generally accepted form of money, such as coins and paper bills, which is issued by a government. It is used within the economy as a medium of exchange for goods and services. Next is an asset, an asset is a resource with economic value that someone owns. It can be a n individual, a company or a country. The main difference between these two is that with an asset, there is an expectation that it will provide future benefit, it has the capability of generating income or increasing its value. With these ideas, you can then easily classify crypto as an asset or a currency.
You can buy goods with crypto, then you would say it is a currency. Invest in crypto and wait until the price skyrocket once again, then it is an asset.

[Zoor]

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?

In reality, cryptocurrency is created as a currency intended for the digital transactions. It is a second currency besides fiat currencies. If you will use it as payment in buying and selling, then that crypto is a currency. However, if you will invest it, then its an asset. It depends on how you see crypto and how you use it.

That seems to be a good distinction. Therefore, if we proceed from it, we can safely assume that bitcoin right now is more of an asset and investment one at that rather than a currency in and of itself, right? Anyway, the vast majority of people seem to be using cryptocurrencies for speculation, for earning off it. But you don't pay with a money-earning asset for things in everyday life, so it is sort of either here or there choice.

Bitcoin is a currency and a currency can be use for all purpose not only for saving and making it asset. Investing in bitcoin is best option as price of bitcoin is growing very fast; right now many people are saving bitcoin for making bright future.  It is true that many coins are being use for asset but many of them are being use as currency also so they are both can be  for asset and currency to buy things online.

[darkangel]

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 is a currency. Monetary may also be issued separately, not by the government. For example, Bitcoin can be obtained through mining on Blockchain Bitcoin. The central bank has no effect on the issuance of Bitcoin as well as its monetary policy. Not to mention millions of people around the world use Bitcoin to trade. Today, Bitcoin acts as a real currency and can even become a global reserve asset

[rext]

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?

You can view it as currency or a property type. It still ensures the purpose of the user is to exchange and store. When you trade it is considered currency. When you store it is considered property. You do not need to bother with this

[Nerobasta]

My answer about this question about if bitcoin is an asset or currency will be, both. It is an asset at the same time a currency, a digital currency to be exact. Since owning a bitcoin or any other crypto currency gives you like a digital asset which you can trade online to any real world items as long as they accept bitcoins for payment then yes it is an asset. And at the same time since you can transact via bitcoin it is also considered an currency which you can use anywhere even if outside the country as long as that country’s government doesn’t impose a ban on bitcoins like what they did in china and some middle east nations.

[gledek]

crypto is a digital currency but can also be made into assets because some of the coins can be high value. So basically and technically, Bitcoin is among the currencies and assets.

[Oggy Pogi]

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 for me, cryptocurrency can be both considered as a currency and even an asset since the attributes or characteristics that both currency and an asset can be seen on cryptocurrency's self characteristics. Cryptocurrency as a currency because it is quite that obvious that a cryptocurrency is called a currency because it is really meant to be in that way since it is used up for payment purposes and to evenly make fast transactions in any part of the world. It acts as an asset in a way that it is potentially grow in a span of time which makes it as a good thing to be used up into investment proper.

[PatyZante]

For me crypto is both an asset and a currency depends on how its holder is utilizing it. You can use it as a mode of payment so it is a currency but then you can use it as your asset in trading or even investing for your future.

[serverus]

Crypto is an asset or currency?
Crypto is both asset and currency. You can buy thing through this. It also offer big profit for everyone and give opportunity to grow their money. Todays new indemand business are related to blockchain. This technology offers a good opportunity for everyone.

[bajigur894784]

as you said, the initial purpose of crypto is to make transactions quickly and easily. and this has attracted a lot of interest everyone and made it expensive. after that, the view to crypto began to change because of its increasing price, now crypto is treated like a valuable asset that can generate profits. and that means, now crypto has become both, as currency and asset for investment.

[Neerajkumar]

Cryptos are the best assets and on other is currency as well.One can easily make online payments through cryptos hence it's a currency and one can earn huge profit in long term if used as an asset.It can be used as an asset and as currency also.

[really01]

Cypto is a currency created for the purpose of making transactions fast, safe, secure and especially not affected by the economy, but only influenced by the law of supply and demand. So it can be considered a kind of property. So keep the property and sell when the price is absolutely normal. however when it was object oriented, the transaction may be the same as you say.