Post
Topic
Board Economics
Re: Crypto is an Asset or Currency?
by
Sony.UK
on 18/03/2018, 13:09:19 UTC
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?

When i have commitments and currency is needed to solve it, i will use bitcoin or any other crypto currencies as currency. But when i am done with all the commitments and money is not needed to be spend for any purpose, i would save the crypto as an asset. It would wiser to save the crypto even when currency is needed for expense or any other purpose as crypto will certainly be more supportive down the line to lead the live wealthy.