Bitcoin become an asset - page 74. | Bitcointalksearch.org

loyseu

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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 it can also be your asset because you owned it, it is all yours but its a digital asset that can't be touched. You just need to keep it safe especially when you put in on online wallet because there is a possibility of it being hacked.

Markpet01

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Bitcoin is an asset because of it's price if you have 5000btc you already a millionaire and you can build your own house buy things that you like and etc.

PM.coins

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Quote from: Duzenn on June 08, 2018, 07:01:44 AM

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 agree to say that bitcoin is a risky digital asset. It is risky because its price is not stable.we are facing high risk when holding it as price changes rapidly anytime and unpredictable..Sometimes, it can be used as currency but not yet globally accepted.

Escf4

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GIGZI - INDEPENDENT WEALTH MANAGEMENT

That is the real thought that bitcoin became an asset, because an asset in any kind have a value even in long period of time, as an asset bitcoin have a value and you can have it for a long period of time , and an asset can also be sold, and bitcoin as currency can be exchanges and convert into money.

South Park

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I am terrible at Fantasy Football!!!

Quote from: honey7 on June 14, 2018, 10:04:25 PM

Bitcoin has already outshined GOLD in terms of asset. It can prove to.be very beneficial for the countries.

Gold is not an asset either this is one of the biggest tricks bankers have pull on people, gold was the greatest currency for thousands of years, only recently bitcoin has surpassed it, do not be fooled by legal definitions what it matters is if gold and bitcoin are currencies and when you look at them and their characteristics both are way better than fiat currency since governments cannot print more bitcoin or more gold.

2beAmillionaire

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Bitcoin is a currency,but for me it can also become an asset. I will keep it securely,because i considered it as my wealth. For having a lot of bitcoin,will make you rich,that anything you want to have in terms of money matter,it can be yours.

marjil

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Quote from: jayanath123 on June 08, 2018, 06:59:09 AM

personally i think bitcoin is an assets,when ever bitcoin is a currency, but bitcoin currency is very strong currency so we can say bitcoin is a currency and big an asset.

What an excellent post. Doesn't make any sense, but hey, who cares!?

qwerty12

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I personally do not mind if bitcoin is considered an asset, that's normal, because, Growth of Bitcoin value against fiat currency or official currency issued a country can be said to be very fantastic.

Regulators and economists say Bitcoin is not suitable to be used as a means of exchange or money, because the change in value on the rise and fall has a huge difference. they say, "Stability of Value" is one of the absolute conditions that money must have as a means of exchange not owned by Bitcoin.

And right now, I see a lot of people vying to collect bitcoin and hope to benefit from the difference in bitcoin price increase in the future, in other words, bitcoin holders already consider bitcoin an asset, yes, a very valuable asset.

crossabdd

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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.

but I see is the opposite, Bitcoin is indeed an asset. whether bitcoin as a means of payment for a good or service.? it's still very small, maybe only 10% of the total transaction of crypto currency trading. Moreover, bitcoin functions as a digital asset. because the price is very volatile. and most people buy bitcoins to be kept as long-term investments, not for payment transactions or funds transfers. look at the current condition. it's like gold and other commodities.

Btcepenbob

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Bitcoin is already an asset. We know that bitcoin can be counted as our wealth. Which we can say that this belong to us. Bitcoin could also be a form of investment or even a form of currency.

poplolnman

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Quote from: Dr.Nina on June 10, 2018, 05:07:58 PM

I think bitcoin is designed to as a currency. But people are attracted to bitcoin due to smart return from it. They like to use it as an investment platform. That means they consider it as an asset. The Korean government also think so. I think with the passage of time this idea will be disappeared. Because I believe, sooner or later the volatility will reduced an the price of bitcoin will be stable. Then it will wear all characteristics of a currency. But volatility helps bitcoin to become popular, I think.

Due its volatility... Bitcoin hardly accepted, used as a currency. That's why there a lot more people prefer to recognize crypto as an asset rather than a currency . You can't expect something that gained 10,000 x within 10 years as a currency. That's reasonable enough for them to treat it like that.

Giftedcrypt

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As for me,bitcoin is an asset, I have almost converted my investments into crypto currency particularly bitcoin,and am confident and not scared..

PHPSELLER

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Quote from: BlueMoonLight on June 15, 2018, 01:29:11 PM

Bitcoin have the potential t o be one of the assets. It is valuable. No one can denied that bitcoin is the all time high of value. The price is far beyond altcoins.

I think that Bitcoin can be one of the assets in the future, It has a very good value also a lot of people around the world support it and use it daily. As we see over the years, bitcoin price is always increasing, I am sure in the upcoming years bitcoin can will be at the top of all currencies around the world..

nagobinga

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the price of 1BTC is so valuable and it only takes a long process so that it can be sold from this rising price.

BlueMoonLight

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Bitcoin have the potential t o be one of the assets. It is valuable. No one can denied that bitcoin is the all time high of value. The price is far beyond altcoins.

noisybit

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I think bitcoin is a much needed asset when bitcoin is a currency but bitcoin currency is a very strong currency so I consider bitcoin a very valuable asset

honey7

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Bitcoin has already outshined GOLD in terms of asset. It can prove to.be very beneficial for the countries.

BulbaLord

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In my opinion Yes I agree bitcoin is an asset. consider Bitcoin as valuable thing or an asset to people for they want Bitcoin. And we can call this as virtual currency.

jademaxsuy

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Yes bitcoin nowadays considered as an asses because it has a market value or it could be exchange to a fiat money. THis is why some of the people or investors known about bitcoin had considered bitcoin as an asset. Even the likes of me had considered it also. Aside from that bitcoin could also be considered as a savings that definitely buying bitcoin is a means of it. A good kind of savings that one day you will be able to get a good increase on it if it is being done in a nice and strategic way.

shesheboy

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Quote from: xandiel01 on June 14, 2018, 08:57:57 PM

We all know that bitcoin is a currency and we can say that it is an asset because it has its own value, my interpretation regarding this matter is that if someone has a value that like this i think we can say that it is also an asset, although we all know that this is currency, but it has no personal appearance.

bitcoin and other cryptocurrency are both currency and an asset at the same time because they can be used for buying selling and also for investing/trading but most people are only using thier bitcoin as an asset becuase they already think that bitcoin as a currency is a bad idea due to the reasons that bitcoin is somehow slow when it comes to online transactions , plus the fees on using a bitcoin is also expensive compared to other cryptos.

Quote

although we all know that this is currency, but it has no personal appearance.

yes of course , we already know that this is a currency because they are called crypto currency or digital currency. it has no personal or physical appeearance because as what ive said earlier , they are only digital.

Topic: Bitcoin become an asset - page 74. (Read 6627 times)