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Topic: Bitcoin become an asset - page 5. (Read 6627 times)

sr. member
Activity: 462
Merit: 250
September 16, 2018, 12:42:18 AM
i think bitcoin is a asset and ever first digital currency in the world market. bitcoin price has a strong community and they have possible to grow fast. just believe on what bitcoin gives to us.
newbie
Activity: 28
Merit: 0
September 16, 2018, 12:37:51 AM
An asset is an item that appreciates or depreciates over time which is coincidentally what bitcoin does. I think bitcoin is more of an asset than a currency but it being an asset does not absolutely take away the fact that it is a currency too
member
Activity: 221
Merit: 10
September 16, 2018, 12:32:39 AM
I don't think bitcoin can be an asset because as far I know in order to be an asset the solid form is essential but bitcoin is a virtual object.
sr. member
Activity: 868
Merit: 257
September 16, 2018, 12:32:17 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.


Cryptocurrency can become an asset. Since asset is something to be considered as valuable. If you hold bitcoin for a long time, and the value become higher it becomes an asset. It is a good investment for. Yes legalization of bitcoin can attract many investor which I see can help to boost up the market.
full member
Activity: 616
Merit: 100
September 16, 2018, 12:29:36 AM
yes bitcoin right now is have the different function than before we know that bitcoin is an asset and the trading currencies, but the main purpose of bitcoin creation is for the digital currency its mean that bitcoin will be the digital currency that we can sue everyday and every where, we should change the function of bitcoin to the beginning again
jr. member
Activity: 178
Merit: 1
September 16, 2018, 12:11:13 AM
most bitcoin users only use bitcoin to save as assets. because most people have not received bitcoin as the currency used for paying tools. and also only a few shops that can accept bitcoin as a payment instrument. and people prefer to use their national money to make payments. so bitcoin is currently still an investment tool not yet a real currency.
full member
Activity: 527
Merit: 101
DIA | Data infrastructure for DeFi
September 15, 2018, 03:24:12 PM
Bitcoin is the best asset I know. Therefore, my main use of bitcoin is as an investment vehicle. It is very profitable and promising.
member
Activity: 322
Merit: 10
September 15, 2018, 03:22:53 PM
I really like that bitcoin gives us the opportunity to use it in different ways. Now I like to use it as an investment tool, but as a currency, I will also be happy to use it when the price is more or less stable.
member
Activity: 490
Merit: 10
September 15, 2018, 02:58:53 PM
I want to use bitcoin not only as an active, but also as a currency. But while there are very few opportunities for this, it needs a little more development.
member
Activity: 476
Merit: 13
September 15, 2018, 02:35:05 PM
I think Bitcoin will become one of the main assets of the future. It has richer advantages over traditional assets. I think Bitcoin is better than gold. I think every year Bitcoin will become more popular.
member
Activity: 378
Merit: 11
September 15, 2018, 02:19:33 PM
Bitcoin is the most fascinating asset in recent times as its price even till last year far outclassed the price of leading metals like gold and platinum and yet is so light or better still intangible and does not require a special set up or for a particular class of the society. it is for the high and low, rich or poor and it is open for every one.
newbie
Activity: 38
Merit: 0
September 15, 2018, 02:11:49 PM
if this ever happens it will bring new money into the Bitcoin marketplace for sure. lets hope this happens sooner than later.
jr. member
Activity: 386
Merit: 1
September 15, 2018, 02:07:34 PM
Yes, for now bitcoin is more used as an asset, with the potential of bitcoin that has the value to grow, so more people are holding in the long run to benefit from increased bitcoin.
newbie
Activity: 15
Merit: 0
September 15, 2018, 01:57:43 PM
According to Investopedia, G-20 Classifies Bitcoin as an Asset:

"Bloomberg reports that a memorandum circulating among Group of 20 (G-20) countries may be firming up views of cryptocurrency classification. These countries appear to be moving toward a consensus that cryptocurrencies may not be currencies at all but rather that it might make more sense to consider them as assets."

Read more: G-20 Classifies Bitcoin as an Asset | Investopedia https://www.investopedia.com/news/g20-classifies-bitcoin-asset/#ixzz5RCMNdsW1
full member
Activity: 448
Merit: 107
September 15, 2018, 05:23:07 AM
I believe that bitcoin is an asset but it needs you long patience so you can benefit in bitcoin, you should stick with your beliefs so you won't be ended up as a losser. Yes ,it is also a curreny a digitacal currency.
sr. member
Activity: 1078
Merit: 254
September 15, 2018, 05:21:24 AM
assets can also be considered as a currency. although, I know assets are more of an ownership type but it is you who hold your property, it is you who decide what to do with it. bitcoin can be an asset and a currency. bitcoin is very versatile to the point that it could be the three accountinvg equations which are assets, liabilities and capital.
newbie
Activity: 23
Merit: 0
September 15, 2018, 05:07:23 AM
If you think about economics from a supply and demand point of view, currency is also an asset whose value depends on its supply and demand.
newbie
Activity: 14
Merit: 0
September 15, 2018, 04:56:51 AM
Bitcoin is multiple dimensional and at that despite the fact that bitcoin is a currency it also double as an asset because bitcoin is the digital gold and a great commodity in the exchange market and that makes it become an asset with a great value.
member
Activity: 574
Merit: 13
September 15, 2018, 04:38:51 AM
I am fascinated to understand that which you believe the primary reason for bitcoin's development is actually. Whilst I actually do trust the prior articles which bitcoin is definitely an resource, We additionally believe that merely, it's the long-term associated with repayment also it may energy the next that's extremely electronic. I believe all of us may have the digital foreign currency, all of us is determined by blockchain as well as systems for example digital as well as increased facts may flourish.
newbie
Activity: 21
Merit: 0
September 15, 2018, 04:11:39 AM
Bitcoin is not an investment, not a currency, yadda yadda...

It's an insurance policy.

If fiat remains, Bitcoin will likely remain a niche.

If fiat fails, and the lights are still on? Bitcoin reigns supreme.

If fiat fails and the lights go out... we've got bigger problems. I hope you bought gold, among other non-traditional

Fiat needs to die ASAP. I’m sick of currency that can be controlled and inflated by government whim. Bitcoin can never be inflated. Once 21 million coins have been mined, that’s it. Forever.

For the first time in human history we will have a currency that retains and grows in value. A permissionless currency that will be easy to use and store. We, the people, will be in complete control of our own financial destiny. I can’t wait!


While that's a libertarian sentiment that's understandable (and factually true) in many ways you probably don't really want Fiat to die asap or go down in a crash as this would likely mean civil unrest, blood in the streets, starving people, smashed supermarket windows, your parents, grandparents and loved ones losing all their life savings, their personal security and so on ...

Look what the internet did to the music industry. It killed the old, bloated, corrupt version of it but the music industry still exists. It ignored (first stage), denied (second stage), fought tooth and claw (third stage) and then had to adapt to the disruptive technology or perish (fourth stage).

Now you have streaming, vevo, spotify etc. It will likely go down a similar road with bitcoin (and other cryptos) and the conventional fiat banking system. We are still at ignore stage, pretty much. They don't even deny yet for the most part. In the end, the old fiat banking model will die and adapt but bitcoin/crypto only seems a libertarian dream from our perspective imo.

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