Bitcoin become an asset - page 12. | Bitcointalksearch.org

ParveZ219

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Quote from: indrakusumaindra on June 08, 2018, 06:46:40 AM

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.

Actually now a days bitcoin's craze is increasing because of the price of change of btc from 2o13 to 2o17and the people who kept them as asset are millionaires...So the rest are also trying their luck so that something like that happens.

zeingrind777

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Quote from: Ludmilla_rose1995 on August 19, 2018, 10:34:58 PM

I think bitcoin is now more feasible as a digital asset than as a currency. The value of bitcoin is very unstable and always changes so that it is not yet worthy of being a currency. Now bitcoin is more suitable as an asset to trade like gold

Yes, in my country Indonesia makes Bitcoin only as an asset. To transact as a currency is very risky because of unstable prices. Our government prohibits purchase transactions using Bitcoin but is allowed to save as an asset commodity

MMS2017

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Bitcoin is asset and it is using for the financial purpose it is just like cash and currencies and it has a good impact on the economy too. If the bitcoin is allowing as legal currency then the value of this currency will more than now.

sidodadii

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

for the first time bitcoin release, i think it have a function like to facilitate people when they make transaction local or international. we know that bitcoin have better service than the other services. but, as time go by, when people know that bitcoin price can be manipulate, they try to find, to take the advantages, than now we can use asset world for bitcoin.

maminelly

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bitcoin is a currency that is digital which is able to use to buy goods or services but what people really do to bitcoin is using it as an asset to be able to earn big amount of profit, not as currency. Also for me I utilize bitcoin to earn profit not for buying goods or services....

Crafts12

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Quote from: indrakusumaindra on June 08, 2018, 06:46:40 AM

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.

Most people or bitcoiners nowadays sees bitcoin more as an asset than a currency. They engage in this kind of organization not because they want bitcoin as currency for transaction but rather an income for them. (I am not generalizing though). Bitcoin for them is an investment that will leads to becoming rich and I think that is good because more people will be interested in here resulting to bitcoin will be popular and the usage will increase.

Tomwatson88

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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 the investment to earn a profit. Currency because we use it as a payment method online. In other word bitcoin is two in one,it is a decentralized digital currency at the same time it is an asset.

Ludmilla_rose1995

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Buzz App - Spin wheel, farm rewards

I think bitcoin is now more feasible as a digital asset than as a currency. The value of bitcoin is very unstable and always changes so that it is not yet worthy of being a currency. Now bitcoin is more suitable as an asset to trade like gold

MUSFIKAR

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Yes, Bitcoin is considered an asset because Bitcoin can be used for future investments because it will have a larger exchange rate. As we have seen for years, the cost of Bitcoin continues to grow. I'm sure in the coming years and Bitcoin will be at the highest point.

hASHmETAL

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Quote from: FrueGreads on June 08, 2018, 09:03:52 AM

I do agree with OP, and this is not what bitcoin was created for, but I do understand that in order to become a currency, bitcoin probably needs to follow this path first. If bitcoin is an asset it means it has value, since it can be easily traded, I think it wont take long for it to actually become a currency as well. My only problem with this, is to know how these trades will be taxed, because that could eventually harm bitcoin use as a currency. One thing is sure though, if bitcoin gets recognition as an asset, it should eventually attract more investors, and that should be good for BTC.

I'm re-posting my worries posted in another topic as no one tried to give confident on this matter ...

My worry is as time passes, awareness and adoption of crypto has increased, however the real economics has not started !! meaning as of today it is just crypto - some may suffix currency or coins or asset ..what not ! only demand and supply of willingness to just HOLD in wallet or Trading (for traders doesn;t matter what is underlying asset that they are trading, only price fluctuations matters) is driving prices on either sides mainly FUTURE CONTRACTS which is dangerous all most all !!

All major governments across globe have not opened up there banking system to trade-on with their respective fiat nor they have allowed to do commerce with goods and services , this means they have not accepted it yet as alternative to fiat currency for the commerce in respective countries nor regulated fully as revenue stream to governments. This is the greater concern for any person to hold crypto-asset(my assumption until I buy any goods or services instead of fiat) with conviction or belief that as probability of regulation outcome is either 0 or 1 and it is greater risk from the point of Investment which is in the quarter "out-of-control" as per theory.

lisa12

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Since bitcoin has been used much more as a source of investment, then many people see it as an asset, then much more extensive use as a currency should be strengthened.

AmberFlotilla

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I think that in South Korea and Japan, bitcoin is now defined as an asset, and there are some countries in Europe that are starting to set up a system, which is a positive sign for the industry to encrypt the industry, allowing more people to invest in bitcoin.

binting

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bitcoin is an asset currency is going to be widely used and bitcoin is hard to use on a large scale right now,expect the lightning network to change everything...a great news for crypto user in korea to have such benefits, its a welcome opportunity for the new investors to come in, and participate into digital market trading. looking forward for another window of opportunity for other financial institution to follow thru after this great new from korea. more possible investors will look into the possible investment...bitcoin really is an asset, its only how you put in your investment into the market.its good for short term and long term investment, it is just a matter of taking care of your business investment....

gorokill

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Quote from: indrakusumaindra on June 08, 2018, 06:46:40 AM

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.

Bitcoin is a digital currency, and can complete a bankless transaction, its anonymous nature makes this currency very attractive to many people because it can keep transaction identities confidential. the increasing value of bitcoin makes some people interested in owning it, but not as a currency but as an asset, and I am comfortable with this situation because it can provide great benefits in the future.

MTNAX

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Bitcoin can indeed be used as our asset in the future, because bitcoin can benefit us. These benefits can be our success in the future. We really have to be smart to invest in bitcoin, because that really determines our success. Maybe the next year bitcoin will grow even more.

SamarasLoch

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Crypto Trader/Enthusiast/Investor

I can say Bitcoin is a combo of both subjects. It can be seen as an asset but a very volatile one at that; however, even real life assets are volatile as well. It can also be used as a currency and medium for exchange as some merchants already accept Bitcoin as means of payment. So yes, Bitcoin can be an asset or a currency, depending on your personal preference.

Layers318

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CurioInvest [IEO Live]

Bitcoin started as a currency and has now evolved out successfully as both an investment opportunity and an asset. It is regarded as an asset in the sense that it has a value which makes it possible to pass it on as an inheritance to the younger generation of a family.

hubballi

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Quote from: Layers318 on August 19, 2018, 07:43:38 PM

Iregard Bitcoin to be dynamic in its nature. Bitcoin can be considered as a currency when it is being used to purchase goods and service. It becomes an investment portfolio when investors buy at certain low price and sell at a certain high price to make profits. It also becomes an asset when people buy it, keep it as a stor of value and can be passed down unto their heirs or sons.

Agree with your point but still lot of users think that Bitcoin is a digital currency but they forget that if you cannot use currency to purchase any goods then it automatically becomes as an asset, because you can buy and sell and hold bitcoin but you cannot use it in your daily life activity like fiat currency.

Layers318

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Activity: 266

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CurioInvest [IEO Live]

Iregard Bitcoin to be dynamic in its nature. Bitcoin can be considered as a currency when it is being used to purchase goods and service. It becomes an investment portfolio when investors buy at certain low price and sell at a certain high price to make profits. It also becomes an asset when people buy it, keep it as a stor of value and can be passed down unto their heirs or sons.

eut078

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I consider Bitcoin as important thing or a resource for individuals for they need Bitcoin. For lile some other money, Bitcoin takes after the principles of aupply and request of the economy. This encourages individuals to make exchange less demanding, empowering holders to change over products into a generally tradable item through the business deal and afterward it uses to buy almost anything they wish to have. The most vital thing that makes Bitcoin important is that, Bitcoin is not the same as the other. It has its own abilities to individuals' need, it demonstrates its uniqueness to individuals.

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