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Topic: Bitcoin become an asset - page 42. (Read 6627 times)

newbie
Activity: 15
Merit: 1
July 11, 2018, 10:01:35 PM
so far I am confused whether bitcoin including assets or currency. if I learned bitcoin it can be an asset can also be currency. if be currency dependent from the country whether to legalize currency transactions with digital currency bitcoin
sr. member
Activity: 714
Merit: 250
July 11, 2018, 09:50:09 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 the currency is an asset for non-transaction investment, if the transaction of course bitcoin will participate in doing so, in other words bitcoin is an asset in the form of a digital currency
newbie
Activity: 45
Merit: 0
July 11, 2018, 09:02:16 PM
No way so many good things happening and institutional money is just around the corner. "The blockchain will be the way of the future which will be like the internet was to the generation before. Bitcoin will probably be part of that future in the long term. Will bitcoin go back over from its previous high? It will probably hit $2,000 before it hits $20,000. But will it hit $20,000? I think so. Will it hit $100,000? I think that’s quite likely."
member
Activity: 115
Merit: 10
July 11, 2018, 08:56:16 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 do agree with you on the idea of bitcoin being a currency but not an asset. The reason why some people are seeing bitcoin as an asset has to do with its price in 2017.
newbie
Activity: 74
Merit: 0
July 11, 2018, 08:44:23 PM
Bitcoin is crypto currency but day by day its demand increasing.This bitcoin shot at the time of the disaster will be of great help. I have kept a lot of big bitcoins and I will sell my Bitcoin if I have any major danger. That's why I think each bitcoin has a wealth.
newbie
Activity: 140
Merit: 0
July 11, 2018, 08:38:50 PM
Of course bitcoin is an asset, or more accurately a store of value. Because only 21 million bitcoins can be minted, and several million have been lost, the cryptocurrency is scarce. It also has a powerful brand name with wide recognition.
newbie
Activity: 29
Merit: 0
July 11, 2018, 08:37:35 PM
Bitcoin is an invisible asset of yours,I think what south korea is actually just admitting that bitcoin is the digital currency.
only south korea in writing recognizes in the form of an asset. Therefore bitcoin has become an asset to be maintained and its existence can make a person's life financially better thanks to the investment and trade of bitcoin.
newbie
Activity: 208
Merit: 0
July 11, 2018, 08:34:43 PM
High level of volatility engulfs bitcoin. This is why i do most certainly believe that bitcoin is an asset and not a currency. For bitcoin to be considered a currency, it should be easy to use for everyday transactions, which clearly it is not.


newbie
Activity: 99
Merit: 0
July 11, 2018, 06:43:09 PM
I agree if Bitcoin will just be a digital currency rather than an asset.
If Bitcoin is an asset then this will change the view of many people about Bitcoin who has been assuming that
Bitcoin is a digital currency that has a high price value and is volatile.
full member
Activity: 420
Merit: 102
July 11, 2018, 06:40:50 PM
Bitcoin is a very volatile asset! Essentially an asset like stock securities rather than money!
Bitcoin at this stage is not suitable for use as currency.
Since i started working on Bitcoin, I already considered it as an asset. I think it is very realiable asset. You can earn Bitcoin even though you are not investing big amount of money.
full member
Activity: 344
Merit: 100
July 11, 2018, 06:36:47 PM
Bitcoin has been an asset for several years. Some countries legalize but some countries also prohibit. This becomes a polemic, that bitcoin can still be accepted as a means of payment in some countries. As in South Korea. As with some altcoin, or other cryptocurrencies, bitcoin becomes a benchmark for some other digital currencies. It provides good news for investors, just wait for next news.
full member
Activity: 363
Merit: 100
July 11, 2018, 06:34:27 PM
Well, we can also recognize bitcoin as an asset too because it has a value like other assets, although this is a digital currency,but we can also say that it has an asset that you can change into fiat when the value is up or if you like whether the price is down.
newbie
Activity: 126
Merit: 0
July 11, 2018, 06:30:48 PM
Bitcoin is a very volatile asset! Essentially an asset like stock securities rather than money!
Bitcoin at this stage is not suitable for use as currency.
newbie
Activity: 195
Merit: 0
July 11, 2018, 05:55:21 PM
bitcoin is actually an asset because it is accepted in trading. i mean you can sell while another buy and through this a transaction is initiated. with they way things are going, bitcoin might likely received more positive attentions in other countries of the world where it was actually rejected before.
member
Activity: 952
Merit: 41
July 11, 2018, 05:13:37 PM
This is a good news and also there is a point that need correction in you write up, bitcoin is not only a currency but also an assets and future of all online transactions and the financial freedom of the masses which has suffered from suffering that our traditional financial institutions has subject us to.
newbie
Activity: 53
Merit: 0
July 11, 2018, 02:51:28 PM
it may be for some people but not everyone
full member
Activity: 378
Merit: 102
July 11, 2018, 02:40:46 PM
Currently bitcoin is more suitable to be called an asset than a currency, because the bitcoin price is very fluctuating, the currency should be stable, but the benefits of bitcoin can still be for sale and purchase transactions following the current price.
newbie
Activity: 392
Merit: 0
July 11, 2018, 01:53:51 PM
I read about this news that in South Korea bitcoin is legally become recognizable as asset.
 
Yes, I have also got this news. It is really a good news for the people of South Korea. Now they will directly able to involve in crypto-currencies. I hope South Korea will develop more quickly.

Quote
I do think bitcoin is a currency and not an asset. I don't know whether this is good news or not for crypto-currency. One thing i believe with legalization from government 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.

You are right. Bitcoin is a currency which is called digital currency. So it can not be an asset as it is a digital money. And we also know that money can be traded but asset transaction can not be done.
But bitcoin is called an asset because it is compared with gold for its high value. For this reason people call it an asset.
jr. member
Activity: 154
Merit: 1
July 11, 2018, 11:18:36 AM
Once the financial crisis, people usually store gold, but gold is endless and the best choice is Bitcoin. Since Bitcoin has the maximum number of coins available on the market, it will also be considered an asset to keep.





In my opinion, As we have seen for years, bitcoin prices are always on the rise, I believe in the coming years bitcoin can be above all currencies around the world
I think that Bitcoin can be one of the assets in the future, It has a very good value too many people around the world support it and use it every day.
jr. member
Activity: 336
Merit: 1
July 11, 2018, 11:16:48 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.

I hope other countries can be like south korea, with this news then investors will not hesitate in investing in bitcoin. so the reputation level will be more significant increase. Thank you for the info.
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