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Topic: Bitcoin become an asset - page 18. (Read 6627 times)

newbie
Activity: 210
Merit: 0
August 04, 2018, 02:51:03 PM
Bitcoin is considered as an asset because the value of bitcoin is very expensive now.It is kind of evolution based on what the users want.
newbie
Activity: 22
Merit: 0
August 04, 2018, 02:31:26 PM
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.


Yes, bitcoin is used more as an asset than a currency, they hold bitcoin rather than using bitcoin as a payment tool, the value of bitcoin is also unstable and it's not good to use as a currency.
newbie
Activity: 53
Merit: 0
August 04, 2018, 02:01:23 PM
I also see Bitcoins as a asset, and a asset you can get to from everywhere in the world, also if and when the banks close down.
member
Activity: 364
Merit: 10
August 04, 2018, 01:46:25 PM
Indeed no doubt in it. As many days gone the digital marketing system is taking over all the places. In the near future, people will not interest in offline marketing. The system of cryptocurrency is very amazing and the rules and the trading system of this Marketplace make it the best one in the market. Bitcoin just take over all the cryptocurrency. Almost every single coins depend on it.
Now it's the most successful cryptocurrency into this cryptocurrency Marketplace. Those who have Bitcoin right now they are already having a piece of the moon. And everyone knows this.though the market is down right now but surely it will increase.so no doubt that it's. Really a very important and very valuable asset.
sr. member
Activity: 512
Merit: 250
ICO is evil
August 04, 2018, 12:41:55 PM
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 likely this is temporary thing it is not an everlasting. For now bitcoin is better to be an asset, but in the future it will become more than a currency. It is Destiny of bitcoin to become an alternative payment method.
rfj
full member
Activity: 214
Merit: 100
August 04, 2018, 11:20:27 AM
In my opinion bitcoin can be considered as asset or currency. It is an asset because bitcoin isn't use as mode of payments and have very limited transactions so people take it as their asset, buying btc and holding it until the price rise and become profitable. But when the using of bitcoin for many transactions become legalize it will surely turn as currency.
sr. member
Activity: 980
Merit: 253
August 04, 2018, 10:48:44 AM
Bitcoin can b3 thought of as both asset and cryptocurrency in a sense that one can use bitcoin purposely for it being accepted as a currency in some online shops and other places and also when consideredas an asset,  people sell their fiats for the purpose of storing their wealth that they have like people do for gold.
jr. member
Activity: 53
Merit: 1
August 04, 2018, 10:06:38 AM
Yes it is to investors.
member
Activity: 266
Merit: 10
August 04, 2018, 10:03:30 AM
Currently bitcoin is seen as an asset because it is not being used as a mode of payment for items that we purchase or transactions that we do. The reason is very simple, some people are still yet to believe in the payment system of bitcoin and accept it until then it will still be an asset instead of a currency.
member
Activity: 322
Merit: 10
August 04, 2018, 10:00:59 AM
I consider Bitcoin to be valuable or an asset for people because they want Bitcoin. For every other currency, Bitcoin follows the rules of aupply and economic demand. This helps people make trading easier, allowing holders to convert goods into commodities that can be traded widely through business sales and then used to buy almost anything they want. The most important thing that makes Bitcoin valuable is, Bitcoin has the ability to show its uniqueness to people.
newbie
Activity: 103
Merit: 0
August 04, 2018, 09:59:27 AM
Most people buy bitcoin to hodl believing that the price will go up in the coming years. It is an asset worth keeping at the moment.


I think that the development of bitcoin is very promising even though it is now declining I will never stop to increase my assets and I am sure that someday there will be good assets.
we have lots of assets both in the form of home land and even bitcoin I make future assets.
full member
Activity: 668
Merit: 100
DogData
August 04, 2018, 09:49:32 AM
In fact there are countries who really wants to control bitcoin in their own boundaries of responsibility. Bitcoin as an asset is potential for the owner but it takes time to taste the whole benefits of being owner.

if for a country like that, there must be a bro, because every country has different thoughts, there are negative ones and some positive ones, only the government will lead. because every leader must be able to influence his people.
sr. member
Activity: 966
Merit: 274
August 04, 2018, 09:05:03 AM
This eternal question about the bitcoin nature. What is Bitcoin? More and more people see that the world of traditional finance isn't perfect. Perhaps BTC will be widely recognized around the world, which will be reflected in the large transactions volume. Subsequently, bitcoin can become a widely used GLOBAL DIGITAL CURRENCY. This is the best scenario! But to do this, it needs to become more stable against other currencies. Central banks and governments must recognize bitcoin ,then it can compete with fiat.

It is actually a good move to ask questions about the future of bitcoin because this is one of the way for people to learn its system and ways for earning with the used of its system and how we can used it as a cryptocurrency in the market for transactions and trading where it could provide an open ended opportunity for people to earn and to gain profit in the future.
newbie
Activity: 238
Merit: 0
August 04, 2018, 08:59:50 AM
personally I think bitcoin is an asset, when bitcoin is a currency, but a bitcoin currency is a very strong currency so we can say bitcoin is a currency and a big asset
if Bitcoin follows the rules of supply and economic demand. This helps people make trading easier, allowing holders to convert goods into commodities that can be traded widely through business sales and then used to buy almost anything they want. The most important thing that makes Bitcoin valuable is, Bitcoin is different from the others. It has its own ability to desire people, it shows its uniqueness to people.
newbie
Activity: 26
Merit: 0
August 04, 2018, 08:56:01 AM
Bitcoin is an asset not a currency! It was erroneously considered a currency but acrually it is an asset.
newbie
Activity: 87
Merit: 0
August 04, 2018, 08:53:55 AM
Bitcoin could be asset and could be a currency that what i believe bitcoin is, the point is bitcoin does has a value and using bitcoin is similar like using a fiat money but the different is only in the fluctuation and its intangible. As long as bitcoin is a live and keep developing, bitcoin as asset or currency is not really a matter. Lips sealed Lips sealed
newbie
Activity: 54
Merit: 0
August 04, 2018, 07:50:53 AM
With the coming up of cryptocurrency the world has changed a lot and Bitcoin has became the powerful cryptocurrency .Bitcoin now consumes about 0.13% of the worlds energy. That is 1 out of 1000 Watts of energy goes to bitcoin.These countries consume less energy than the global bitcoin energy consumption.
member
Activity: 119
Merit: 10
August 04, 2018, 07:47:21 AM
Bitcoin is an asset since it is valuable and owned by someone. It can be also called as a currency since it is used to buy something else and is used by many but because bitcoin is a virtual money, it is a cryptocurrency. As a conclusion, bitcoin is an asset and at the same time, a currency.
member
Activity: 238
Merit: 12
send & receive money instantly,with no hidden cost
August 04, 2018, 07:28:51 AM
For now that is what we can say because nobody buys bitcoin with anything everybody is holding till the price rises so that they can sell it for profit.
newbie
Activity: 45
Merit: 0
August 04, 2018, 07:26:15 AM
Since it's valuable and virtual, it could be called an asset. You're right thou. Accepttability all over the world is key.
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