It's good news for the reason that at least Bitcoin has been legitimized in Korea. Many countries hasn't known what to do with it. Others even ban its existence.
I'd like to consider Bitcoin as an asset. It won't become a currency until it finds way to stablize its price.
Topic: Bitcoin become an asset - page 37. (Read 6627 times)
I believe that Bitcoin is one of the asset in this country or to other country. People appreciate its value because of its great service to people. If people can really appreciate the works of Bitcoin to the country, how people consider it as a great help to them they will realized that Bitcoin can be an asset to all.
Yes bitcoin is called digital assets because we earn with it and you can stored your bitcoin long term or short term it depends on you.Bitcoin has no stable price it depends on the demand of the investors.
By bitcoin I can convert money. Bitcoin can also be used to exchange certain products or food. A Bitcoin's price is $ 7000. If you purchase Bitcoin, you will have to spend money and if you want to sell Bitcoin, you can earn money. So I would say Bitcoin is a kind of assets.
I think this is happening now, where people consider bitcoin is digital investment assets like gold when the world is real. Unfortunately the concept brought bitcoin as digital currencies are still not many realized, only a few who use the bitcoin as payment. the rest they consider bitcoin as investment assets that can be traded and can bring in profit.
I think, Bitcoin is a coin. Because the other currency in the market is used as such. Bitcoin is used much like the online currency. But Bitcoin's use, market value, transactions and we can save. Since we save Bitcoin, Bitcoin can be called running asset. Because Bitcoin's price in the market may be unstable, decrease or even increase. So Bitcoin can be called running currency.
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.
It seems, there is a lot of resistance from many countries when bitcoin is used as a means of payment and I think making bitcoin as a global currency will be very difficult to realize in the near future considering it. As here in my country, the possibility of bitcoin being used as a means of payment is very small and bitcoin will probably remain as digital asset in the long run.
Absolutely nothing. Just the same as any currency that isn’t backed by an underlying tangible asset such as gold (U.S. currency was backed by gold, until 1973).
However … unlike most other currency, nobody defends the value of bitcoin. If it were a country’s currency, the country would defend it. If it is a share of company stock (which in some ways functions like a currency), the company can defend the value of their shares by doing stock buy-backs or paying a dividend. Bitcoin cannot do that. Bitcoin has no “market maker” or buyer of last resort.
However … unlike most other currency, nobody defends the value of bitcoin. If it were a country’s currency, the country would defend it. If it is a share of company stock (which in some ways functions like a currency), the company can defend the value of their shares by doing stock buy-backs or paying a dividend. Bitcoin cannot do that. Bitcoin has no “market maker” or buyer of last resort.
The underlying asset of bitcoin are users’computing power’developers and its technology because it has no intrinsic value.
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.
Bitcoin's better off being an asset. Being an asset allows it to follow the demand and supply rules, and not be manipulated by governments. It's good news, I think.
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.
Well bitcoin is a cash and meanwhile a focal points as in as a result of the unusual thought of bitcoin it tend to make eagerness as the market keep creating, and again when you hold bitcoin for a long time it transform into an advantages which can twofold or even triple the whole you contributed on it. What's more, moreover bitcoin is a mechanized cash that it nature is a mutual and does exclude untouchable.
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.
How could we detail the fact, if in the perspective of individual or in the business? First, every investors of bitcoin uses the power to buy and can sell – to create a profit. The inflow that enters to the person might be come in two sources of his balance sheet; financing or equity. If bitcoin is an equity because it is his investment then the problem arises when the time of recording and auditing the financial statement happened. However, person can or can`t be accounted with his FS (financial statement) because FS has not yet given the purpose. Second to business, still the same as to the perspective of individual to be used in trading/investment (depending on the company developing a technology using bitcoin); thus, the problem really arise on preparation of Financial Statements because it is required for the company to submit their information to the public and those bitcoin can`t be easily track in the bitcoin`s exchange (especially the one who sells and buy your coin). Hence, the difficulty arises more on establishing business using bitcoin as an account - as if Bitcoin can become an asset.
I'd rather say Bitcoin behave more like a commodity than a currency. It's too volatile to be a currency. Commodity values can surge - although usually not like this - and while commodities can be bartered, in general they are not used as currencies. So I think the decision of Korea is right.
I think personal bitcoin can be said currency can also say asset, depending on where we look at bitcoin, but for me personally most bitcoin I use as an asset or my savings in the future. because I am sure in the future the price will be good
many of our friends use bitcoin as a valuable asset for our future, because bitcoin is more profitable and higher in asset prices, but if the bitcoin state improves and we sell, then our profit in possession of bitcoin assets.
Well bitcoin is a money and in the meantime an advantages as in because of the unpredictable idea of bitcoin it have a tendency to create enthusiasm as the market continue developing, and again when you hold bitcoin for quite a while it turn into a benefits which can twofold or even triple the sum you contributed on it. And furthermore bitcoin is a computerized money that it nature is a shared and does not include outsider.
I think more countries will recognize the status of bitcoin in the future. Bitcoin is indeed an asset, and its value may be reflected in the future.
I do not agree with you. I think Bitcoin is an asset. Indeed at the beginning of its emergence, BItcoin is projected to be a currency, but too many complicated rules make Bitcoin change direction into an asset. To be a currency, one of the conditions Bitcoin must have a tangible form, whereas what I know that Bitcoin have a form but not intangible.
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.
I believe that bitcoin is both an asset and currency. why? Bitcoin as an asset because it can be your long term investment in which it can be called as asset. Bitcoin as a currency for example when we use bitcoin to buy online stuffs and also when ae converted bitcoin into cash and buy our daily needs or anything. So for me it is both.
Some time i actually see it that way, which it appropriate from time to time, therefore bitcoin is simply know as a Crypto currency, that is perfectly working on a digital ways, that is highly recommend.
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