Post
Topic
Board Bitcoin Discussion
Re: Fun fact: Cryptocurrencies are not Assets, but Activity Logs
by
Aanuoluwatofunmi
on 28/08/2024, 20:49:11 UTC
The biggest misconception in the world of cryptocurrencies is that they are assets—specifically, a monetary type of asset. This is a misconception for a simple reason: within cryptocurrency networks or systems, there is no resource that can provide a benefit to cryptocurrency owners. And it is precisely this ability to provide a benefit that defines an asset. Let's look at a few examples of assets to understand this.

I have a little advise for you here, don't hypnotize others with wrong perception, idea or fake theories that doesn't exist at all, why cant a crypto coin like bitcoin be an asset, its better you understand that its a digital currency and also have the ability to serve multipurpose benefits, as such we can found with using it as a digital currency, an investment asset and a profitable one indeed, if you invest and hold and earl from it with time, aren't you profitable with crypto?.