Crypto is an Asset or Currency?

[stirrergreenish]

You are right. but as the days passed the mining techniques help develop the idea of using it as assests

[NicG13]

I think it is clearly both. Increasingly more high-profile businesses are already accepting or considering accepting payment in bitcoin.

[qtypatuty]

I think it is clearly both. Increasingly more high-profile businesses are already accepting or considering accepting payment in bitcoin.

It really depends on the way someone will make use of it. Oroginally, it was made to be a just a digital currency, and it still is a digital currency up to now. However, many people have used the special characteristic of cryptocurrencies as an investment due to it's potential to grow, thus leading to more profit.

[Techie5879]

I would go for currency. I see crypto as really a away that could unite the entire world under one currency, for faster, easier, anonymous transactions, anywhere, anytime, across the borders, 24*7. Also, seeing that there are many ways to earn bitcoins online, it has helped quite a few people to get their livelihood, who used to not earn any living. So, I guess the simplicity of it as a currency is very appreciable.

But it also has many shortcomings, for example, the basic two things that is required to use bitcoin, namely internet, and education, is not available in all parts of the world, thus marring many people's opportunities to earn bitcoin. So unless there is some way to remedy that, it cannot be treated as a "world currency", like some other people have thought about it till now.

[Sled]

People using bitcoin only as an asset nowadays and it's a pity. Hashing power race and many other things associated with mining making cryptocurrencies being asset.

I agree with you. People are treating bitcoin as an asset because they know that transacting with it or using it as a currency is so hard since the fees are expensive and it is better to just hold it as an investment rather than use it. Bitcoin has a potential in the future that it can reach new all time highs and make a history as a pioneer of digital money.

[Xw73]

I think it is clearly both. Increasingly more high-profile businesses are already accepting or considering accepting payment in bitcoin.

It really depends on the way someone will make use of it. Oroginally, it was made to be a just a digital currency, and it still is a digital currency up to now. However, many people have used the special characteristic of cryptocurrencies as an investment due to it's potential to grow, thus leading to more profit.

Yes, for me cryptocurrency is both asset and currency because we can also use cryptocurrency to pay bills or used it to transaction accept any payments as well. But some said that cryptocurrency is a digital asset like bitcoin, they say bitcoin is more an asset than a currency.

[poplolnman]

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.

Yeah people are using bitcoin for multipurpose, some are using as a transaction of money from one place to the other and some are using bitcoin as an asset, having bitcoin is the aim of the say so no matter how you use it. I use bitcoin and I am using it as a saving for my future, bitcoin has a lot of way to make money and to store for the long time, saving bitcoin will increase your money and will give you high profit for your future and at some places you can buy everything with bitcoin whatever you need.

Bitcoin aren't match yet to be used / considered as an asset , too much speculation in it . Where Bitcoin as currency imho it's a perfect form of money , especially for global business purpose , I always believe that this invention gonna be as big as internet nowadays.

[portotoi]

For me a crypto can be considered a asset and also a currency in other way. I can say that it can be an asset because just like an asset crypto can be keep for the future. And i can say also that crypto is a currency because you can use it for your daily expenses just like a currency.

[wack slacker]

Bitcoin is a fortune rather than a foreign currency. Actually bitcoin is a payment protocol and not many countries recognize bitcoin as a currency. They can not ban people from trading bitcoin because that is their need.

[cryptojac17]

For me a crypto can be considered a asset and also a currency in other way. I can say that it can be an asset because just like an asset crypto can be keep for the future. And i can say also that crypto is a currency because you can use it for your daily expenses just like a currency.

Crypto currency is a currency that  is why it is called currency. In terms it was designed to ease payment by  means P2P transaction where in to avoid  transaction payment charging, but because people realize that  it is also an asset  because the value continue  to pump up. Because of  that it becomes a currency and assist.

[vaughn125]

I think crypto is a currency and also a pure asset. Because of the structural change of banks on deposit insurance premiums for bankruptcy risk was reduced significantly. Many people have targeted bitcoin as a deposit option for their assets and money. Therefore, the bitcoin value will accelerate very quickly when the market returns to orbit.

Well, the way I see it, it depends entirely on the crypto currency. The reason why I have said this is because clearly, every single crypto currency out there is not the same with the other, or should I say, has different purposes that the developers made them for having different ideologies and concepts. Which is why we cannot say for sure unless we are talking about a specific coin or crypto currency. Not because it is in the crypto world and can be called as crypto currency it will serve as a currency. just saying,

[Redhead5]

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.

Agree in your perspective. BTC is considered as the high value of crypto currency. Having more crypto will be a great asset in the future.

[Glaseseye]

I think the other Coin altcoin is a fiat currency that can also be called an asset in investing because there are some limited coins in inventory as well as a high value of nearly half of btc. As the time passes the coin prices continue to soar, the asset -
it may be your asset in the future. Do not get too confused because in the end what matters is making money by using your rare coin assets.

[toxic0n]

As of late in the media when all is said in done there was data that in Belarus had received a law restricting the tax assessment of work with the digital money. I don't know why or what it is associated with, however I was amazed, in light of the fact that the administration's strategy and activities in regards to the digital money are contrary.

[Unicorn_Heart]

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 both an asset and a  currency. Just like any other fiat, you can use it to transact and at the same time trade to other currency such as your local currency to USD or EUR and hold it as investment. I personally do not see a problem on that. It is more of an advantage for crypto to be fully useful.

[Trimegistus]

All currencies are backed and regulated by a central bank or government.

Cryptos are non regulated by definition therefore they cannot be considered as currencies sensu stricto.

IMHO cryptos are assets or commodities.

[EugeneReigns]

In my opinion, crypto doesn't look like traditional currency. It looks more like an asset. I mostly compare it to shares. When a company first time releases its coins and distributes them to investors, it endows the holders of this currency not only with the pure amount of these coins but also with some rights behind it (rights to dividends, discounts on transactions within their system etc.). These are the features related to assets, securities.

[cmaxwell]

crypto currency is an asset and people that has invested into the digital currency have a testimony on this. buying into this is a way of investing and preparing for the future.

[Barcode_]

In my opinion, crypto-currency is both an asset and currency, you could use crypto-currency to make payment to anyone easily online without any restriction even if the person are staying in a country far away from your home, it is also an asset as its value will have a chance to rise over a long period of time.

[Choyor]

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, I agree with this. People's response to Bitcoin varies, some consider it an asset as some consider Bitcoin a currency. For me personally consider Bitcoin as my assets, where all our wealth can be converted into Bitcoin form, and vice versa Bitcoin we can convert into real currency, so that later we can invest and get profit in the future.