Do You Trust Crypto as a Liquid Asset

[Nomad]

crypto is a liquid asset as it can be immediately converted into cash but the cash value we get after the conversion is not always the same as the price is volatile and it goes up and down to frequently. Do you trust crypto as your liquid asset? Well, I don't. That's because I am always worried what if the market is down when I need money and have a necessity to sell it for cash?

 

[Fidelia]

I like crypto as a liquid asset because it is quite very easy to convert it to fiat. You still have to deploy strategy when using crypto as a liquid asset.

 

[Suba]

Liquid means easy to cash out quickly and easily without any obstacles, and not all crypto assets have high liquidity, many cryptos have been removed from crypto exchanges such as Reddcoin, Peercoin etc. Crypto is recommended as a long-term investment, except as a trading instrument, so when you need money and the price goes up, the value of your crypto soars, but if you choose price stability, it is better to choose stablecoins.

 

[riberet19]

Bitcoin for example, is one of the most liquid assets on the market, other cryptocurrencies, I would not trust, but of the cryptocurrencies that are in the top 10, for example, I would trust.

 

[Trush Jodie]

When it comes to Solana, Bitcoin, Ethereum and Binance Coin, I can say they are strong liquid assets.

 

[Suba]

Even though crypto can be categorized as a liquid asset, in the balance sheet crypto is recorded not as a current asset but as an intangible asset and is recorded at the purchase price.

 

[Augusta]

Crypto to me is very fast to convert to cash but just pray that the market at that point is still high

 

[Kross]

Regardless of the crypto, we can easily convert it to cash. And that is what makes it a strong liquid asset.