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Topic: Bitcoin become an asset - page 25. (Read 6627 times)

sr. member
Activity: 882
Merit: 260
July 29, 2018, 02:45:39 AM
And now officially it become an asset and I'm not sure whether this is good news or not for cryptocurrency. Anyway with legalization - more investors will come to invest in bitcoin.
For me it is true that a lot of people now is using bitcoin as an asset because investing with bitcoin is really a good investment and bitcoin can able to help a lot of investor to earn a very huge amount of money but i am hoping that in the future we can really used bitcoin as a real currency.
member
Activity: 322
Merit: 10
July 29, 2018, 02:08:31 AM
Bitcoin, if becomes a real currency, or recognized formally as currency, will be like dollars or any other fiat currencies. And technically if you have some or lots of it, this forms part of you cash and cash equivalents, which is technically part of your Short Term Asset. So, if in any case, BTC is recognized as such, it will mos probably be an asset right?
newbie
Activity: 252
Merit: 0
July 29, 2018, 01:18:43 AM
i do consider bitcoin as my asset . though in was not accepted as asset for any local banks where i was suppose to get a house loan  but for me bitcoin is one of my greatest asset because in bitcoin i saved lots of money where is one of the main source of my financial income and i use it for supporting family needs . I am really thankful for bitcoin because it is one of a kind
newbie
Activity: 15
Merit: 0
July 29, 2018, 12:48:10 AM
Bitcoin can be marked as both cash and resource. It has an esteem so in this way this two term can be use in the meantime. Bitcoin is currently getting to be profitable to everybody and a decent type of speculation that can be use in such huge numbers of exchanges.
full member
Activity: 406
Merit: 100
July 28, 2018, 02:07:00 PM
if you wish to buy sth the use of bitcoin then its a foreign money. then again its like an asset that if you want to convert it into cash (usd) then you could do it too. Bitcoin as soon as end up broadly perfect with the aid of many traders and people around the sector, then its real value will come into the picture.
jr. member
Activity: 95
Merit: 1
July 28, 2018, 01:30:21 PM
I think that bitcoin is now more functioning as an asset. Bitcoin is less able to perform its function as a currency that becomes a means of payment due to the limited number of bitcoins. The number of bitcoins that only 21 million is small if it is spread across the country. Deals with a limited number of coins that are less active so that indeed this limited amount makes bitcoin very unfortunate to be used as a means of payment. The owners are more using bitcoin to be stored as an asset and sold when the price is high.
newbie
Activity: 76
Merit: 0
July 28, 2018, 12:55:30 PM
I still think bitcoin is an asset, and it's hard to call it currency.
Because currency is going to be widely used, and bitcoin is hard to use on a large scale right now, I expect the lightning network to change everything.
yes this is true if so ... bitcoin is a big asset as well as a big currency .....
sr. member
Activity: 728
Merit: 317
Crypto Casino & Sportsbook
July 28, 2018, 12:50:05 PM
I agree with what OP said, originally bitcoin was created to be a digital money online. But many of the bitcoin holders are investing because of the unstable price so it can double the profits.
Perhaps the state government (South Korea) makes bitcoin as an asset so it’s more valuable and easier to trade, maybe that’s what’s in mind of the state government (South Korea)

Yes, you are right, as far as I know, BTC was created in order to be accessible to any person on the planet, and all of them would have the opportunity to make transactions with low commissions avoiding intermediaries and regulators. But now the owners BTC are mostly people who crave for profit... =(
newbie
Activity: 32
Merit: 0
July 28, 2018, 10:59:56 AM
T thinks that if bitcoin is used as an asset, it is evident that bitcoin is still highly reliable from many people, so bitcoin will become stronger and prices will certainly increase.
member
Activity: 308
Merit: 11
July 28, 2018, 10:58:23 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 states recognize bitcoin as an asset, not a currency, that is, not a means of payment. They point out that bitcoin does not have signs of currency or money. With this, in principle, it is difficult not to agree. It was all the more surprising recently to read that a special commission set up by the Government of India had come to the conclusion that bitcoin could be recognized as a means of payment. This is after the crypto currency in this country in general was for a long time on the verge of prohibition.
newbie
Activity: 24
Merit: 0
July 28, 2018, 10:46:19 AM
I think bitcoin can really be an asset considering bitcoin has good trading opportunities in the digital market. Therefore, we can use bitcoin for future assets in the short and long term. It will probably help all of us for a better future.
sr. member
Activity: 635
Merit: 251
July 28, 2018, 10:33:02 AM
Asset or currency it remains valuable as it is the biggest decentralized payment network.
full member
Activity: 340
Merit: 100
July 28, 2018, 10:31:22 AM
I think bitcoin today is consider as an asset by so many people just like a real estate even though its risky but there is a good chance that your investments will be 10x up to your investments or 10x down to your investments too.

Those opportunities that really interest people about Bitcoin to be a valuable asset in the future. That's what everyone has chosen.
newbie
Activity: 10
Merit: 0
July 28, 2018, 10:24:02 AM
Yes bitcoin is an asset we can get here a big profit
it is good point where you can have bitcoin, and of course you can do such things from it. Similarly from the others that can barely use bitcoins, through their selves. And I believe late on it can be more functional in terms of trading in the different fields and industry.
sr. member
Activity: 643
Merit: 264
July 28, 2018, 10:20:34 AM
And now officially it become an asset and I'm not sure whether this is good news or not for cryptocurrency. Anyway with legalization - more investors will come to invest in bitcoin.
full member
Activity: 364
Merit: 100
July 28, 2018, 10:16:09 AM
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.
newbie
Activity: 154
Merit: 0
July 28, 2018, 10:12:41 AM
I believe that bitcoin should be called an asset, not a currency. The thing is that bitcoin is not very well suited for making permanent transactions and transactions in the store or on the Internet. Bitcoin has a high fee for the transfer and slow speed of payment processing. For these purposes, other coins are well suited, for example the same bitcoin cache
You have a point that bitcoin be an asset because an asset is anything of value that can be converted into cash. Bitcoin have characteristics of being as an asset, and it is also a digital money.
member
Activity: 392
Merit: 10
http://o-tu.ru/
July 28, 2018, 10:00:42 AM
I believe that bitcoin should be called an asset, not a currency. The thing is that bitcoin is not very well suited for making permanent transactions and transactions in the store or on the Internet. Bitcoin has a high fee for the transfer and slow speed of payment processing. For these purposes, other coins are well suited, for example the same bitcoin cache
sr. member
Activity: 728
Merit: 317
Crypto Casino & Sportsbook
July 28, 2018, 09:57:51 AM
I think bitcoin today is consider as an asset by so many people just like a real estate even though its risky but there is a good chance that your investments will be 10x up to your investments or 10x down to your investments too.
This is the reason for the volatility of the BTC, if more people bought an BTC not for profit, we would have seen a completely different picture. Fake news from the media did not have so much success!
newbie
Activity: 10
Merit: 0
July 28, 2018, 09:47:42 AM
Yes bitcoin is an asset we can get here a big profit
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