Quote from: tee-rex on January 18, 2018, 08:50:32 AM

Quote from: Hopeful2017 on January 18, 2018, 01:02:36 AM

Quote from: Tony_Nguyen on November 19, 2017, 11:44:08 AM

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 reality, cryptocurrency is created as a currency intended for the digital transactions. It is a second currency besides fiat currencies. If you will use it as payment in buying and selling, then that crypto is a currency. However, if you will invest it, then its an asset. It depends on how you see crypto and how you use it.

That seems to be a good distinction. Therefore, if we proceed from it, we can safely assume that bitcoin right now is more of an asset and investment one at that rather than a currency in and of itself, right? Anyway, the vast majority of people seem to be using cryptocurrencies for speculation, for earning off it. But you don't pay with a money-earning asset for things in everyday life, so it is sort of either here or there choice.

Bitcoin is a currency and a currency can be use for all purpose not only for saving and making it asset. Investing in bitcoin is best option as price of bitcoin is growing very fast; right now many people are saving bitcoin for making bright future. It is true that many coins are being use for asset but many of them are being use as currency also so they are both can be for asset and currency to buy things online.

Zoor

Posts

Merits