Bitcoin become an asset - page 53. | Bitcointalksearch.org

Falmera

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Quote from: indrakusumaindra on June 08, 2018, 06:46:40 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 think when bitcoin will be legalize in a country, the effect or the consequence is dependent on who and how good the government leaders are. And I think bitcoin can be both asset and a currency. It is just more or less like the fiat.

kouba01

newbie

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G-20 Classifies Bitcoin as an Asset..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.

cryptofeel

newbie

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With the way crypto currency is going, it is set to take the world and radically revolutionize the way we do business. The ancient walls of traditional, monopolistic banking will eventually crumble before bitcoin and crypto.

1van__

newbie

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this is complete nonsense! bitcoin is not an asset, as it can not generate cash flows for its holders !!!

kemonojim

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Quote from: indrakusumaindra on June 08, 2018, 06:46:40 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.

This is good news for Bitcoin, I believe with the legalization of the government I think more investors will come to invest in Bitcoin. For now bitcoin is still popularly used as an asset or future investment by most people, and few use bitcoin as a legitimate transaction tool, as not all countries legalize Bitcoin.

coinnumber

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Activity: 504

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Quote from: indrakusumaindra on June 08, 2018, 06:46:40 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.

To my understanding bitcoin is the highest digital currency and its mostly used for investment in the crypto world. In the other way round bitcoin is not used like the fiat currency because of it high value and the holders I holding it to get more profit, Hence it becomes an asset in this way and currency in terms of investments and transactions.

armchair-84

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undoubtedly, bitcoin stays as an asset and currency simultaneously and its brilliance is that we can use it always in different ways

chetanvineeta

newbie

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If you consider it a currency and it is not a good one because its value/price is not constant or say price volatility is there plus manipulations too. So I think its better as an asset.

bncbnc

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Quote from: cetald on July 02, 2018, 02:30:10 PM

Bitcoin was planned as a currency. But the reality is that it functions like gold. And gold is an asset. Therefore bitcoin is also considered an asset.

We can consider bitcoin both gold as well as assets, bitcoin can not only be use for investment, but we can also use it for online shopping and so many other purposes, even bigger companies have started accepting bitcoin for their payment purposes, therefore i think that we can say that bitcoin is not only bitcoin but aw well as a crypto currency.

fbtdarkhorse

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Quote from: atetess on July 01, 2018, 06:28:44 PM

Bitcoin is a currency but some people consider it as an asset, i consider it as an asset too. I believe that btc value is something that we need to consider as an asset because we own it and even if it is a currency it has its own value that can be converted into cash

You correctly reflect, because bitcoin, if it becomes a publicly accepted currency, will at least be used by people who need bitcoin.

cetald

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Bitcoin was planned as a currency. But the reality is that it functions like gold. And gold is an asset. Therefore bitcoin is also considered an asset.

cryptofeel

newbie

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Whatever we believe,, the bitcoin has a dual nature and we must accord it such properties and usage. The bitcoin is both a property and an asset and it must be used in such medium. The south korean country is doing well in pioneering and leading the breakthroughs and frontiers in crypto

taiyob

newbie

Activity: 238

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Quote from: indrakusumaindra on June 08, 2018, 06:46:40 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.

Bitcoin is a type of asset I think. Bitcoin is a future currency. Besides, we understand the wealth from which we get the profit in the future. Bitcoin is a project from which we get profits. There are many people who buy Bitcoin if the price of Bitcoin decreases, and sells if the price increases. The difference between this purchase price and selling price is the profit. So I think Bitcoin is an asset.

fulled

full member

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Yap for me bitcoin and altcoins is an asset, for me holding cryptocurrency is similar to holding shares from blue chip company, but for crypto in general we dont get deviden for holding like holding share, but otherways we can get much more gain on capital gain than holding shares, for now my portpolio is 70% shares (only blue chip) and 30% on crypto, i hope i can retire 11 years later when im 35yo with this investment combination

Jordens

full member

Activity: 406

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Yes bitcoin as a currency is more liquid and more valuable than an asset. But, if the state legalizes bitcoin, then I do not see much difference, it will be a definite plus for the further development of bitcoin both as an asset and as a currency.

jessequick

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an important role is played by the beginning of the summer period, which is traditionally the least active. In general, in our opinion, this is a normal state. I expect the resumption of bitcoin growth from August

angrynerd88

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Hodlers Network

For me Bitcoin is an asset and currency at same time,If we look on definition of an asset is the resource owned by individual or company.Bitcoin pertain in type of current asset which easily can convertible in cash.Most of countries Bitcoin is used as medium of exchange and vendors accept or as currency so i think its a beauty and uniqueness of Bitcoin which is beneficial for all.

tazman

member

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Bitcoin cannot be viewed as an asset in my country(India) because it has blocked bitcoin. I do not know when this situation will change. I read Bitcoin's legalization in South Korea. Bitcoin become an asset in Bitcoin approved countries.

HMApro

newbie

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More and more people see that the traditional financial world is not perfect. Perhaps BTC will be widely known around the world, which will be reflected in large transaction volumes.

komatovo

newbie

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Quote from: MikeEhan on July 01, 2018, 07:46:09 PM

I always wanted Bitcoin to remain an asset, because it suits my beliefs, because if bitcoin is a currency, eat according to my belief, we are prohibited from trading with bitcoin.

Digital currencies like bitcoin could become subject to capital gains tax. While this may be unwelcome news to many in the digital currency community, it is not likely to be particularly surprising. After all, countries are more and more likely to classify cryptocurrencies as assets at this stage.

Topic: Bitcoin become an asset - page 53. (Read 6627 times)