I think bitcoin is both an asset and a currency. What some people who see it merely as digital gold are failing to take into account is that once the Lightning Network is fully rolled out, microtransactions with bitcoin will once again be possible.
It is indeed a currency and an asset but bitcoin cannot play both role because currency means that it is being used as a mode of payment while bitcoin is just being use as an asset because it doesn't have the reliable network and the fast speed of transaction that the people are expecting for a cryptocurrency to be used as a currency.
Topic: Bitcoin become an asset - page 55. (Read 6627 times)
I think bitcoin is both an asset and a currency. What some people who see it merely as digital gold are failing to take into account is that once the Lightning Network is fully rolled out, microtransactions with bitcoin will once again be possible.
It is indeed a currency and an asset but bitcoin cannot play both role because currency means that it is being used as a mode of payment while bitcoin is just being use as an asset because it doesn't have the reliable network and the fast speed of transaction that the people are expecting for a cryptocurrency to be used as a currency.
that's right. even that make unique bitcon we can inherit to the family. and can Kii use to buy something we want either in the real world or digital.
Bitcoin is a good investment and will always be. I love it because it gives you the flexibility to access it any where around the world without
carrying load cash around without even knowing, and you don't need to be charge for tax for whatsoever. And as bitcoin gains popularity it's demand will keep increasing and thereby making more people HODLING it as an asset.
Though in the financial world government see it as a risky investment and don't consider it a asset but in the crypto world this is a hugh asset that anyone would love to have and hold onto.
carrying load cash around without even knowing, and you don't need to be charge for tax for whatsoever. And as bitcoin gains popularity it's demand will keep increasing and thereby making more people HODLING it as an asset.
Though in the financial world government see it as a risky investment and don't consider it a asset but in the crypto world this is a hugh asset that anyone would love to have and hold onto.
Everything you have that have value is considered to be an asset, like gold ,real estate, vehicles, and others with values, bitcoin is considered to be an asset because it has value ,even if it can not be seen in physical form but only in the digital but it is still considered to be an asset because of its value.
I don't think so, in some country , bitcoin and cryptocurrencies aren't counted as a legal asset like gold, real estate as you said so that means things will become awkward for sure.
I think bitcoin is both an asset and a currency. What some people who see it merely as digital gold are failing to take into account is that once the Lightning Network is fully rolled out, microtransactions with bitcoin will once again be possible.
Bitcoin is asset of yours. And bitcoin currency is very strong currency so we can say bitcoin is a currency and big an asset
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 i totally agree with you. People are really getting the whole idea of digital currency (bitcoin) wrong. Bitcoin is a decentralized digital currency not an 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.
Anything that has value can be considered as an asset, Bitcoin is a digital currency with a recognized value, but obviously it is yet to become absolute because of its ever volatile property. So, bitcoin is an unstable asset, but offers a promising future and potentiality to the individuals who are investing on it wisely...
Bitcoin is a digital asset because it is something that has value and something that we can own. But as a currency, We cannot say that for now since it is not yet legally accepted as a currency that we can align with a dollar or any other currency.
As well as being a currency, Bitcoin can be termed as an asset as well because it almost exactly like Gold which is sometimes a currency as while as an asset.
Everything you have that have value is considered to be an asset, like gold ,real estate, vehicles, and others with values, bitcoin is considered to be an asset because it has value ,even if it can not be seen in physical form but only in the digital but it is still considered to be an asset because of its value.
Bitcoin is a digital asset because it is something that has value and something that we can own. But as a currency, We cannot say that for now since it is not yet legally accepted as a currency that we can align with a dollar or any other currency.
BTC's current credit and liquidity clearly do not reach the usual "currency" standard!
Many countries treat BTC as a financial asset and levy taxes on it.
Many countries treat BTC as a financial asset and levy taxes on it.
Bitcoin as an asset or currency in my opinion is a small difference. The most important thing is that it is legalized in many countries, and then you can already convert as you like.
That is not the most important thing, it is nice to be able to convert our bitcoin to fiat legally, but the one of the greatest things about bitcoin is that it allow to us to carry our wealth without the need of anyone knowing it, for example if you carry with you a credit card and you use it in another country, your credit card company knows that you traveled to another country, if you carry cash you need to declare it if you travel to another country, but if you carry bitcoin no one will ever know it.
bitcoin is an asset for now. an investment.it could be a currency in the future but too much is needed for this to become a possibility.
I still think bitcoin is an asset, and it's hard to call it currency.
Because currency is going to be widely used, and bitcoin is hard to use on a large scale right now, I expect the lightning network to change everything.
I think I agree that bitcoin is a good asset in the future. Because bitcoin is an innovative payment network and a new kind of money. If we work hard to get much bitcoin. we will use bitcoin as our asset to develop it become big asset and bitcoin can increase daily need in the future. Because currency is going to be widely used, and bitcoin is hard to use on a large scale right now, I expect the lightning network to change everything.
I think bitcoin is actually becoming an asset beacause bitcoin popularity grow and the supply decrease, those that buy the bitcoin when the price falls will sell it high when it goes up. many people buy bitcoin and reserve in their wallet waiting when the price will go up that is why i said that bitcoin is completely asset and it is a recognized currency
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.
Yes Bitcoin is a future asset. Because we buy Bitcoin. Bitcoin is being bought in the hope of getting something in the future. We call the asset to which we think we will get something in the future. We are getting profits in future due to investment in bitcoin. Tchaara Bitcoin purchase, our money is invested. So we can say Bitcoin as a future 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 becomes an asset, bitcoin becomes an investment and bitcoin becomes currency for transaction all depends every person. Each person has the right and thought to use in bitcoin. We will never know what the state government (South Korea) think so we wait for the next news to make sure whether it’s good or bad for bitcoin.
Bitcoin can be used as an asset or currency, all depending on the holder. I myself make bitcoin as an asset as well as a currency that I sometimes make to buy something online. This is very profitable when compared to having gold or stock.
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