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Topic: Bitcoin become an asset - page 69. (Read 6627 times)

newbie
Activity: 82
Merit: 0
June 21, 2018, 12:19:40 AM
The fact is that it might be risky to call Bitcoin an asset, with a lot of challenges it is facing. However, who would have thought that bitcoin will go this far of becoming an asset? A lot of people had doubt its potential and now bitcoin have proved them wrong about it. Bitcoin can now officially called as asset because it gains the credibility and support of many. Bitcoin is being accepted in many trasactions so I consider it now as an asset cause although I'm a kind of new but Bitcoin has helped me to achieve some things and I know this is just the begining.
jr. member
Activity: 266
Merit: 1
June 21, 2018, 12:08:44 AM
really bitcoin is an asset in which our money or our wealth is a very valuable asset in the future that we can use somewhere later. Bitcoin has magnetic magnets that are amazing, safe but bitcoin assets or investments must have a very long-lasting and enduring patience to get the right benefits.
jr. member
Activity: 84
Merit: 5
June 20, 2018, 11:58:17 PM
I think bitcoin is an asset. Property is a place to store value, it can help you increase or decrease the value of total assets. Bitcoin has enough of these elements, it's safe if you know how to preserve it. It will add value if you have enough patience and understanding
newbie
Activity: 278
Merit: 0
June 20, 2018, 11:49:53 PM
Bitcoin can also be considered as a property. 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.
member
Activity: 840
Merit: 10
June 20, 2018, 11:23:11 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 think its hard to make bitcoin as our daily currency. Its againts on government regulation in some country. Beside that, central banks must be againts it. Central banks must be wont lose their control on money supply.
sr. member
Activity: 616
Merit: 252
June 20, 2018, 10:25:06 PM
Indeed Bitcoin is an asset. As we hold our investment for a long period of time and we earned a higher profit this investments becomes an asset. Bitcoin as an asset is a very profitable investment that everyone is chasing for.

Bitcoin is an asset for now but there will come a time when people would start to use it as a currency because it already has a stable value. It is hard to use a coin as a currency when it has a fluctuating value especially when it comes to the merchants because instead of having profits they would end up at a loss if its value will go down the next hour or day. Since they still purchase with fiat then they should accept fiat or convert the coin directly to fiat when they accept coins but it would have additional cost. For now, bitcoin is good as an asset because of the possibility that its value would increase in a short period of time.
full member
Activity: 518
Merit: 184
June 20, 2018, 10:20:03 PM
Indeed Bitcoin is an asset. As we hold our investment for a long period of time and we earned a higher profit this investments becomes an asset. Bitcoin as an asset is a very profitable investment that everyone is chasing for.
member
Activity: 406
Merit: 19
June 20, 2018, 09:58:15 PM
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.

Very suitable with the original purpose.
The purpose of creating bitcoins is the answer to the shortcomings that exist in cash and credit cards, means Fast, Secure and Easy transactions. Anything called a transaction is of course related to what is called a means of payment that's money if so then bitcoin is money because its existence can be used as a means of transaction. However, the legal conditions in many countries have had an impact on the change in bitcoin function from which it should be. Some countries still refuse if bitcoin's used as a means of payment, this condition of course complicates bitcoin owners to use it as money.  Fortunately, bitcoin currencies are designed to experience deflation (its decrease Bitcoin supply) which makes Bitcoin increasingly climbing. As a result bitcoin owners eventually use bitcoin as an asset to invest
newbie
Activity: 126
Merit: 0
June 20, 2018, 09:57:02 PM
In my opinion, I consider Bitcoin a valuable thing or an asset for people, because they want Bitcoin. For any other currency Bitcoin follows the rules of demand and demand for the economy.
full member
Activity: 296
Merit: 100
June 20, 2018, 09:54:56 PM
Bitcoin may not be an asset or the point is we still make money from it, and it helps us financially.

As long as I get Bitcoin, I will not stop to achieve my dreams and goals in life one day.

And if Bitcoin is considered an asset by one country, we can not blame them because all state governments have rules to follow depending on which country makes the Bitcoin rules, and I believe that it is much better for Bitcoin to decentralize greedy governments Street.

It's like Bitcoin's opinion and we have an opinion about Bitcoin.
member
Activity: 448
Merit: 10
June 20, 2018, 09:51:49 PM
i think bitcoin is a good asset, if bitcoin will be currency the fact of using these coin will be legalize, but it is still digital currency that can only use on different kind of sites that are connected to them.

Bitcoin is always been a good asset because it is very beneficial to us. And this can be used to purchased something, and when we say asset it means thay the value will also appreciate and that is bitcoin.
sr. member
Activity: 462
Merit: 250
June 20, 2018, 09:47:07 PM
i think bitcoin is a good asset, if bitcoin will be currency the fact of using these coin will be legalize, but it is still digital currency that can only use on different kind of sites that are connected to them.
newbie
Activity: 240
Merit: 0
June 20, 2018, 09:43:28 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.


Bitcoin is indeed an asset; thus, it is valid that the Korean officials confiscate it from the accused. I am just glad that there are series of news which caught the illegal use of Bitcoin. this would really help a lot the Bitcoin community.
member
Activity: 322
Merit: 10
June 20, 2018, 09:24:06 PM
In my opinion, Bitcoin can now be considered as a digital asset. Many people are now hooked up and invested their hard earned money into Bitcoin hoping some day it will give a good return. However the wild swings, both up and down, in the value of Bitcoin do not make it a more plausible substitute currency; they make it a speculative asset, a get-rich-quick scheme
newbie
Activity: 36
Merit: 0
June 20, 2018, 09:23:49 PM
Pls buy bitcoin in a very lower price and sell it when it increases
newbie
Activity: 18
Merit: 0
June 20, 2018, 09:21:53 PM
Personally, I believe bitcoin is an asset. If bitcoin as currency, it will be widely used. In fact, bitcoin cannot widely used now.



newbie
Activity: 22
Merit: 0
June 20, 2018, 09:15:17 PM
This is actually a big issue with bitcoins and everyone is ignoring this. Even the developers promoted it as a payment medium but now see it is an investment option.
hero member
Activity: 1190
Merit: 534
June 20, 2018, 09:09:40 PM
In most of the countries, it is still uncertain to classify Bitcoin as a currency, as an asset or a commodity. However, in any case, legal recognization does matter and helps the industry to grow in a positive direction. We must understand that the decision of classification would result in a change in the tax rates so it is exciting to see, how the big nations are going to treat Bitcoin in a legal point of view.
hero member
Activity: 882
Merit: 500
June 20, 2018, 09:09:20 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 think it is good news for us because if Korean government or any government will declare it as a currency then they will see it in another way to make transaction like things, but here it is totally a different concept with the name of assets , here asset will indicate that it is like the gold , silver like things and it can be use for the investment and hold for long term and if anyone is interested to make payment or accept payment then surely they can make deals like they can in gold or silver like things .
So here it is surely a better concept by the government of the Korea to legalise and change the view of the use of bitcoin and making it more simple to understand like real asset we have in practical life .
This will surely motivate the government of another countries to follow the same concept of bitcoin to legalise and regulate without the use of the cryptocurrency word .
newbie
Activity: 75
Merit: 0
June 20, 2018, 09:09:15 PM
Well this is absolutely true Bitcoin is the best digital asset now . it is easily exchanged according to their own currency. so it may easily told that bitcoin is an asset.
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