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Topic: Bitcoin become an asset - page 34. (Read 6627 times)

legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
July 21, 2018, 01:51:12 AM
I don't really think that bitcoin is an asset due to its volatility and unpredictable price. You cannot say 100% that it is an asset because you might lose all your invested money in just a short period of time. You may earn profits from it but you cannot guarantee that always.
Well, many people make bitcoin into an asset for the future. there are even some people who hold their bitcoin for a long time, believing it will make a big profit in the future. I think it's just like gold.
copper member
Activity: 322
Merit: 0
July 21, 2018, 01:48:05 AM
I don't really think that bitcoin is an asset due to its volatility and unpredictable price. You cannot say 100% that it is an asset because you might lose all your invested money in just a short period of time. You may earn profits from it but you cannot guarantee that always.
hero member
Activity: 1722
Merit: 528
July 21, 2018, 01:44:52 AM
I think Bitcoin is a kind of asset. It is traded with dollars as well as with altcoin. It is almost gold-like.

For me, Bitcoin is not an asset. It may have a great price or value but we users do not really own Bitcoin. The Bitcoins we have is not really on our wallet but it is just shared to the part of the whole supply of Bitcoin, we can just access it through our private keys or seed.

Bitcoin also tends to quickly change it's value, I don't want that to happen to my assets since my assets will be the great way for me to have a good life including my family and my business.
member
Activity: 348
Merit: 10
July 21, 2018, 01:42:40 AM
it's depend how you using it. he strength of Bitcoin is its ability to function as both money and an asset. Like gold, the value of Bitcoin will continue to climb as it becomes more of a scarce commodity that people want to own.

I think yes it is an asset because if we prefer the value, we can considered it as an asset. But it depend on how you use it, either you invest or as a payment system.
full member
Activity: 390
Merit: 100
July 21, 2018, 01:36:34 AM
it's depend how you using it. he strength of Bitcoin is its ability to function as both money and an asset. Like gold, the value of Bitcoin will continue to climb as it becomes more of a scarce commodity that people want to own.
newbie
Activity: 39
Merit: 0
July 21, 2018, 01:23:38 AM
bitcoin is an asset. it is now valuable for every people who understand what is bitcoin. because many of us don't know what is bitcoin. an asset, it will become more valuable for everybody when the time will come.
full member
Activity: 602
Merit: 101
July 21, 2018, 01:15:14 AM
I think bitcoin can be an asset for the future because by investing in bitcoin then the investment will be a profitable asset and will be a future savings and can have a price that will continue to grow
jr. member
Activity: 127
Merit: 3
July 21, 2018, 12:32:52 AM
Bitcoin is the kings coin, the top coin in the market. bitcoin is viewed as a feasible resource asset. this is a decent open door for new financial specialists to enter, and take an interest in the computerized showcase trading.and bitcoin can be utilized to purchase products or administrations however what individuals really do with bitcoin is utilizing it as an advantage for create tremendous benefits, not as money.
newbie
Activity: 82
Merit: 0
July 21, 2018, 12:09:28 AM
The value of most things is derived from how much energy humans have to put in to obtain it.Bitcoin is an asset. It’s value comes from it’s scarcity who in turn is derived from the incredible amounts of energy that are required to mine bitcoin.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.
newbie
Activity: 137
Merit: 0
July 20, 2018, 11:59:31 PM
Bitcoin is not an asset. Bitcoin is a decentralised and digital currency.
The bitcoins are used for the transaction of money. They can be used for transactions and payment of bills.
newbie
Activity: 80
Merit: 0
July 20, 2018, 10:44:02 PM
Bitcoin has become a fortune in this modern world, we can find Bitcoin's growth and its day-to-day growth on the globe without having to convert currencies into their national currencies. . It is considered by investors to be the currency, assets, digital gold, etc., originally created to exploit and enhance online payment methods and the nature of its volatility. Private companies have seized the opportunity to earn huge profits in the up and down price.
newbie
Activity: 25
Merit: 0
July 20, 2018, 09:10:50 PM
I think the truth is in the middle, from behavior side, it behaves more like a share, a property rather than currency, people appear to speculate and trade it rather than use it mainly as form of payment, I think bitcoins failed to act as currency, I hope that future crypto currencies and the people who use them will help this perception to change.

ICO is similar is some way to IPO or Crowd funding and even VC investment where you get company share, so overall I agree with the Koreans at this time.
newbie
Activity: 23
Merit: 0
July 20, 2018, 09:10:13 PM
I think Bitcoin is a kind of asset. It is traded with dollars as well as with altcoin. It is almost gold-like.
newbie
Activity: 93
Merit: 0
July 20, 2018, 09:04:32 PM
for me, Bitcoin is becoming valuable asset and it con bring unstoppable profits to our life
newbie
Activity: 126
Merit: 0
July 20, 2018, 08:54:55 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.


For me, bitcoin is a digital currency with a triple purpose aside from investment, an asset it can be used also as payment on some transactions but the good thing is while being an asset it can be use also as investment and the value keeps on increasing depending on the market movement.
full member
Activity: 395
Merit: 100
July 20, 2018, 08:45:14 PM
  With the coming up of cryptocurrency the world has changed a lot and Bitcoin has became the powerful cryptocurrency . Bitcoin has become an asset in this modern world we can find the growth of Bitcoin and its developments day by day.Bitcoin is too expensive and its price fluctuates it is easy to transact and it is inexpensive since it is a digital decentralized currency it is transacted all over the globe without going to exchange the currency to their countries currency.
jr. member
Activity: 336
Merit: 1
Improve your mode of payment with crypto
July 20, 2018, 08:35:24 PM
Bitcoin - i call it the multi-featured invention of our time. It is regarded by investors as a currency, an asset, digital gold etc. Bitcoin as originally created to harness and enhance payment methods online and due to its volatility nature, investors seized the opportunity to make huge profit gains during the sessions of rise and fall in prices.
full member
Activity: 490
Merit: 100
July 20, 2018, 08:32:11 PM
Bitcoin is high value currency and more and more increased in future when will sell so its price high so it become like asset so bitcoin is a asset.
it is true that bitcoin is an asset for bitcoin users, since bitcoin is not just as digital money as a tool to transact,

this form of profitable assets and investment and the future bitcoin will be very valuable and high value.
newbie
Activity: 78
Merit: 0
July 20, 2018, 08:15:47 PM
A property gives you more income and bitcoin is doing it; Give people extra income. Yes, with the ETF approved bitcoin the coin can actually become an asset. But it seems that a really bad property cause it could be a buffer for bitcoin being bigger and bigger.
newbie
Activity: 182
Merit: 0
July 20, 2018, 02:20:22 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.

I agree that bitcoin is not an asset as it does not generate cash flows. But I can't perceive bitcoin as a digital currency because I can't pay for the purchase of goods with bitcoin.
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