Crypto is an Asset or Currency?

[budz0425]

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.

It may take time or years before it will consider as an asset, it is alright regardless of how people treat this what matters is we can use it as a currency and can pay our bills thru this, and it is also important rather than that is that we are thankful that bitcoin is not banned in our country.

[safarabela]

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 cryptocurrency with the utility to transact online. But because bitcoin prices are increasing so many people call it an asset.

[Trimegistus]

Theoretically, a currency is issued, back and regulated by a central government or an institution in a union of states (like the euro). Therefore, cryptos are nor currencies.

An asset is linked to something, like the crypto token are linked to various real world good. Therefore,  some cryptos can be seen as assets.

Commodities are products (can be produced), are different from services and can be traded and stored. Therefore, cryptos might be considered as commodities.

Conclusion: For me, while there is no regulation, no stability mechanics, cryptos are only assets and commodities but not currencie.

[lostdraw]

Cryptoz are better as assets then it would be easier to promote it primarily as side business in the world

[linshuhow]

Currency is a sub-set of an asset. Assets can include property, car, machinery, cash (fiat), crypto

[somethingici]

My opinion is that btcs are just well as it is now but use of it as digital currency will help a lot in making it an ease to people all over the globe

[syahdurindu]

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 am more interested in saying that crypto is an asset because everyone invests its capital in crypto is making a profit, if it is said to be a currency, it will not profit, because the original nature of the currency is a tool used to transact...

[GamingBro]

Honestly nowadays only criminals using crypto as currency...others just looking for profit and saving/selling/buying cryptoccurencies like an asset.

[surfinonmyownwavebaby]

I view crypto more as currency but right now I think hardly many people view it as much because we are still in the infancy stages. Also many merchants aren't accepting cryptocurrencies which makes spending them terribly difficult at the moment.

[noictib]

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 an article once I read that to making of bitcoin was the main reason to show the banking system that they can develop more secure technology to make the transaction and secure the data of banking system but in Actual at that time no one taken attention at this this but time to time many people gaves support and now today what the bitcoin is today everyone knows and also in these days many banks are thinking to execute the technology of bitcoin bloclchain in baking sector .
So here we can say that bitcoin can be consider as like both ( asset as well as currency ) but depending upon that Person that in which way he is using the cryptocurrency .
Here I am using bitcoin and another few cryptourrency as an asset and also like as currency specially bitcoin .

[Dainye_dyep]

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?

Well for me, I see that crypto can act as both currency and an asset since cryptos are flexible to accommodate both attributes that an asset and a currency can possess. Crypto can be a currency since it was an innovated version of our regular currency we currently have right now in which can also be used for payments in terms of online usage which is said to be easy and fast doing transactions even without the physical payment method of cash. It acts as an asset on the other hand in a way that cryptos are good for investments since it was volatile and has the great capacity and potential to grow which is beneficial if you are going to hold it for a long period of time.

[pankowri]

In my opinion,Crypto is a currency that can be hold as an asset.Whether crypto is buy at a low price,holding it for price rise and selling it if the price increases,these aspects are under the coverage.The price of crypto is increasing day by day in market,so hopefully it'll be treated as a future asset.Btc is the most expensive and valuable of all crypto.

[BaraxLo]

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.

It may take time or years before it will consider as an asset, it is alright regardless of how people treat this what matters is we can use it as a currency and can pay our bills thru this, and it is also important rather than that is that we are thankful that bitcoin is not banned in our country.

Bitcoins are currency rather than an asset. I am extremely agreed with your statement that it will take much time like centuries for bitcoins to be declared as an asset. Just like silver and gold are assets because they have suffered much in their ancient times and they evolutionary changed themselves and now, proudly we can call them assets. Likewise, bitcoins have a long journey to go on.

[Cryptomagnus]

Bitcoin should be a currency, but in these days, with so high volatility, it's pratically impossible to use it in this way: accountants would get crazy!
So, it's just an asset, and a very volatile one.

[Ashleybarnes2]

I think it's a new type of asset that can also be used as a currency once fungability gripes are eased. I think this is the reason regulators are having such a difficult time with cryptocurrency because it has aspects of both in one. I'm not sure how regulation will play out my guess is they will regulate them as if they were an asset

[Gabrieelle]

Honestly nowadays only criminals using crypto as currency...others just looking for profit and saving/selling/buying cryptoccurencies like an asset.

Well not all of them, I guess some people still enjoys the advantage of cryptocurrecies in which you can make an efficient and fast transactions world wide. Not all wallets keep you anonymous now a days. But most of the people use cryptocurrencies to earn because there are a lot of ways how to earn it, either through mining or trading or joining campaigns.

[rsbriggs]

From the face of it, You seems right that holding on to Cryptos especially Bitcoin might disallows these coins in serving the purpose for which they are created, but its not like that in all regards when it comes to trading them in the real sense of it. The reason is that as some are being sold/dumped, some others are being purchased at the same time, which brings the idea to real fear or proportionate trading. Bitcoin is however an asset like, since it can actually be stored for future outstanding values. The spotted difference is that when a Assets are stored, depreciation physically and in values set in, while appreciation unfold when Bitcoin are stored for future purposes.

[Sanugarid]

It can be both since Bitcoin is cryptocurreny are technically digital currencies. Assets are things tbat has a chance to increase in terms of the value that is profitable and it happens that cryptos are. So from with that, I think cryptos are indeed a currency and asset at the same time. But since cryptos are not yet legal to most of the currencies, it is mostly used as an asset or investment.

[Soranith]

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?

To be honest not all cryptocurrency are digital currency 3/4 of crypto actually don’t have real use and was just created because people want to make money and this is the hard truth about crypto. That’s why there are alot of people who have negative view in crypto because the community is not using the coin for its purpose and just want to earn money.

[Creepings]

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?

To be honest not all cryptocurrency are digital currency 3/4 of crypto actually don’t have real use and was just created because people want to make money and this is the hard truth about crypto. That’s why there are alot of people who have negative view in crypto because the community is not using the coin for its purpose and just want to earn money.

This is really confusing. As Techopedia explained here, Cryptocurrency and Virtual currencies are just categories of Digital currencies meaning you are saying it wrong, you must say it as not all digital currency are crypto currency since the other category is Virtual currency.

And if you will think of it, bitcoin is not really created for a real use also so are you saying that bitcoin is just created so people can earn money to it's volatility? you are using the wrong term. It is not actually "don't have real use" but it is a scam project,