Crypto Currency as a Currency or asset s

[Segshowee]

It is very good if we ask questions about things were not really clear about all we have doubt in our mind.
I wish to hear people's view as regards cryptocurrencies being a currency or an assets that can be traded because sometimes I feel it is not a currency because it is not regulated and as such we can call it a legal tender but I see it as an asset or a commodity that is worth trading . Share your views.

Cryptocurrency is money and also an asset. It could be use for payment in exchange for goods and services. It could serves as asset because you can invest into it and make reasonable profits.

 

[singlej007]

Cryptocurrency can be regarded as both currency and asset, it is a current that grows in value. It an asset in portfolio, your portfolio grow as the currency grow more in value. It can be refer to both in this instance.

 

[ahmedo24]

Cryptocurrency can be regarded as both currency and asset, it is a current that grows in value. It an asset in portfolio, your portfolio grow as the currency grow more in value. It can be refer to both in this instance.

Wow I have not take note of Crypto currencies as portfolio but I know that is the word used by coinbase as the summary for all coins listed and held by subscribers. Learning is actually a continuous process.

 

[Prettybabe]

Cryptocurrency can be a currency, just like the name implies. It can as well be an asset. It fufils both condition. You can use it to trade and exchange goods and services.

You can also buy and keep until the price increases... So you see.

 

[Briangsam]

This is a very eye opening thread. Cryptocurrency could be a portfolio asset but could still double as a currency. This is because it could be used to transact in some places. Some people still accept it as a legal tender. It could also be an asset if it is left to yield over time.

 

[Blue house]

Crypto currency is best as asset, not as currency.
If you have it as an long investment then you are in huge amount of money.
Crypto is best as an asset and investment. It will make you very rich in the future.

 

[Mostee501]

Cryptocurrencies are mainly for investing, trading and keeping it as an asset or for business transactions. So either way you take, it's all good depending on your exposure and knowledge about the various ways of making use of the cryptocurrency market.

 

[Ehizzy1]

I prefer to hold crypto currency as an asset because i know the revenue attached to holding crypto as an asset and how much revenue you can gain holding it

 

[Sotherefore]

I consider cryptocurrency as a currency,a digital currency because you can use it for exchange for goods and services,few decades from now i believe we will switch to digital currency.

 

[Ehizzy1]

I consider cryptocurrency as a currency,a digital currency because you can use it for exchange for goods and services,few decades from now i believe we will switch to digital currenc

I feel like we are already swotching to digital currecy because for some certain time because of the way big companies are already accepting the use

 

[Sotherefore]

I feel like we are already swotching to digital currecy because for some certain time because of the way big companies are already accepting the use

Even with that there are still some country of the world that do not accept cryptocurrency,i wonder what will be their fate if the whole world officially accept cryptocurrency.

 

[BrolySSJ]

It is very good if we ask questions about things were not really clear about all we have doubt in our mind.
I wish to hear people's view as regards cryptocurrencies being a currency or an assets that can be traded because sometimes I feel it is not a currency because it is not regulated and as such we can call it a legal tender but I see it as an asset or a commodity that is worth trading . Share your views.

Personally I think that this is a balance that needs to happen because if you keep it as an asset then it shows that it only has investment potential however if you use it as a currency he can show that it can be used in daily purchases. This will increase its use and will help create further Investments within cryptocurrency Fields. I think that it is a balance between these two.

 

[ahmedo24]

Personally I think that this is a balance that needs to happen because if you keep it as an asset then it shows that it only has investment potential however if you use it as a currency he can show that it can be used in daily purchases. This will increase its use and will help create further Investments within cryptocurrency Fields. I think that it is a balance between these two.

You have a strong point and base on what I have learnt recently one can say Bitcoin especially is both assets and Currency because it has store of value and it is also used for daily transactions.

 

[tyrim88]

The cryptocurency is classified to me base on what i want to use it for.If i want to use it as a means of transaction i would term it as a curency of trade.But when i put it on reserve in my wallet and allow it to grow in value then it becomes an asset,because of its value of appriciation with time.

 

[ahmedo24]

The cryptocurency is classified to me base on what i want to use it for.If i want to use it as a means of transaction i would term it as a curency of trade.But when i put it on reserve in my wallet and allow it to grow in value then it becomes an asset,because of its value of appriciation with time.

I agree with your opinion to a very reasonable extent so it should be dependent on individual usage though I don't think we should consider it competing with the traditional currencies.

 

[GIFTMICHAEL]

It is both digital and asset. If you have Cryptocurrency stored in your wallet and you built your portfolio high. Definitely you've gottennan asset stored in the digital wallet.

 

[Niftyyem]

Cryptocurrencies are digital currencies, currency because it has value and purchasing power. It is also an asset since you can hodl for a period of time to appreciate and can be sold off.

 

[Trexxxy]

I get your point but you can definitely refer crypto to as currencies, they might not be a recognised legal tender yet, but they are means of exchange as well.

 

[Dowenship]

It is very good if we ask questions about things were not really clear about all we have doubt in our mind.
I wish to hear people's view as regards cryptocurrencies being a currency or an assets that can be traded because sometimes I feel it is not a currency because it is not regulated and as such we can call it a legal tender but I see it as an asset or a commodity that is worth trading . Share your views.

Actually from the word, crypto currency it means an asset in currency, meanwhile this asset can also be a currency in the latter future. This is one of the vision of the co founder of bitcoin.

 

[ahmedo24]

I get your point but you can definitely refer crypto to as currencies, they might not be a recognised legal tender yet, but they are means of exchange as well.

Yeah but with the current move by El-Salvador, cryptocurrencies is now legalized there as a Legal tender, other countries are looking up to how they will sustain.