Topic: Bitcoin become an asset (Read 6627 times)
lately the use of bitcoin as an asset has a very downward trend. some people use bitcoin are used for daily trading transactions. in my opinion, if it is used as an asset, it is not suitable because bitcoin market prices often occur uncertain fluctuations due to being affected by daily tading transactions. however, this trend will change if bitcoin prices increase and stabilize.
Whatever you think it to be, many governments around the world have recognized BTC as an asset. I believe it has only good aspects to it. It means BTC becomes increasingly legal, which will attract more investors and make sure Bitcoin is alive 
Some governments have already recognized Bitcoin and crypto currencies as investment assets. They peg them as virtual assets and make the traders pay taxes on income from crypto investments.
Yes, bitcoin has been declared as a speculative asset but Gold is $1300/ounce and Silver $17/ounce.
Bitcoin at $2,000 is also high. What is the point of mining cost of one Bitcoin = $5,000 when mining cost of gold in $500/ounce ??
Bitcoin is crptyocurrency where you can earn money because of it, people classify it as an asset where you can profit. I think bitcoin is a great asset because of it's popularity and higher value in the market. Bitcoin at $2,000 is also high. What is the point of mining cost of one Bitcoin = $5,000 when mining cost of gold in $500/ounce ??
actually bitcoin is created as a currency but many people say bitcoin is an asset, in my opinion it's not wrong if people say bitcoin as their asset because the increase in bitcoin prices is very fast, so it's natural that people consider bitcoin as their asset, I use bitcoin as an eye money and assets, this is only my personal opinion
I believe that bitcoin is an asset because of its value though it is the state of the near market now i still believe that bitcoin will have a very valuable price in the next coming months.
Nowadays, you can call bitcoin an asset because you are actually investing in something and it will go up in price in the future, so the more bitcoins you have, the more assets you have too.
In my opinion, Bitcoin is an asset and in the future, it could become a currency.
https://bitcoinmagazine.com/articles/south-korean-supreme-court-rules-bitcoin-asset/
I read about this news that in south korea bitcoin is legally become recognizeable as asset. I do think bitcoin is a currency and not an asset. I dont know whether this is good news or not for cryptocurrency. One thing i believe with legalization from goverment i do think more investors will come to invest in bitcoin, but i think if bitcoin become an asset its not as it suppose to because i believe bitcoin should be a currency which is currency is for transaction and asset is not for transaction.
I think that is good news where we see that the condition of Bitcoin is not yet a legitimate payment instrument, it is the first step as a stepping stone to become a currency, a very good asset to grow more and attract more investors, especially for South Korea. I read about this news that in south korea bitcoin is legally become recognizeable as asset. I do think bitcoin is a currency and not an asset. I dont know whether this is good news or not for cryptocurrency. One thing i believe with legalization from goverment i do think more investors will come to invest in bitcoin, but i think if bitcoin become an asset its not as it suppose to because i believe bitcoin should be a currency which is currency is for transaction and asset is not for transaction.
Of course Bitcoin can be a useful asset in the future because Bitcoin can make money and help the economy of the community. Bitcoin is a very valuable asset and Altcoin can also be used as assets to get maximum profit.
I think it can be both, bitcoin can be an asset or currency depending on its use, if I want bitcoin as a long-term investment or assets I will save for the future, but if I want to make it as currency then I will pay my employees to use bitcoin, I think my employees would be happy if I pay with bitcoin because it could be a future asset.
The initial purpose of bitcoin was indeed used for currency as a digital currency, which was expected to be an alternative in transaction payments. But as the development progresses, bitcoin gets very high demand, resulting in a surge in the value of bitcoin itself. The high value of bitcoin raises the new function of bitcoin as a profitable investment asset.
In my own opinion, bitcoin has both aspects of currency and asset. More often than not, people use it either way based on personal need at a time. While bitcoin has grown remarkably well in recent years, the price movement best describes it as an asset more than it does as a currency. The currency aspect would improve naturally with mainstream adoption and positive press.
Bitcoin is part of your wealth. You can use it as your currency. For example, if you use your money to buy bitcoin, then bitcoin and your money can be sold for money at any time.
I think bitcoin has always been an asset, people just didn't understand it. Bitcoin cannot be a currency.
https://bitcoinmagazine.com/articles/south-korean-supreme-court-rules-bitcoin-asset/
I read about this news that in south korea bitcoin is legally become recognizeable as asset. I do think bitcoin is a currency and not an asset. I dont know whether this is good news or not for cryptocurrency. One thing i believe with legalization from goverment i do think more investors will come to invest in bitcoin, but i think if bitcoin become an asset its not as it suppose to because i believe bitcoin should be a currency which is currency is for transaction and asset is not for transaction.
I read about this news that in south korea bitcoin is legally become recognizeable as asset. I do think bitcoin is a currency and not an asset. I dont know whether this is good news or not for cryptocurrency. One thing i believe with legalization from goverment i do think more investors will come to invest in bitcoin, but i think if bitcoin become an asset its not as it suppose to because i believe bitcoin should be a currency which is currency is for transaction and asset is not for transaction.
Bitcoin is very multitasking we have to it a jack of all trade because since bitcoin built as decentralized crypto currency it will do it more financially, investment, payment transfer quo-lateral like an assets, gift and etc. that's what bitcoin do for us. so you have to analyzed what is the classification it has.
I think bitcoin is not just a digital currency but it is also a digital asset. It is an asset because we use it as investment to earn profit. Currency because we use it as a payment method online.
I think bitcoin is an asset, and it's hard to call it a currency.
Because currencies will be used widely, and bitcoin is difficult to use on a large scale today, I hope the lightning network can change everything. Bitcoin is truly an asset, just how you put your investment in the market. It's good for short-term and long-term investments, it's just a matter of taking care of your business investment.
Whatever they call for bitcoin as long as what we believe is right then we should not argue on what truly bitcoin. Even the discussions on the US congress about bitcoin they are not sure what could be the definition of bitcoin. However, i do believe what i believe about the system. Because currencies will be used widely, and bitcoin is difficult to use on a large scale today, I hope the lightning network can change everything. Bitcoin is truly an asset, just how you put your investment in the market. It's good for short-term and long-term investments, it's just a matter of taking care of your business investment.
This is already an asset because in bitcoin you can earn money and continuous flowing income specially if you have bitcoin miner or business that bitcoin is part of it, there are some people treat bitcoin as other income even it much higher profit than their usual job its because we feel that having regular job and bitcoin earning is much better.
Bitcoin is an asset rather than a currency we can expect bitcoin price increases and decreases so in long-term profit consideration we can expect bitcoin as a commodity rather than a currency with a lot of speculation
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