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Topic: Bitcoin become an asset - page 79. (Read 6627 times)

full member
Activity: 406
Merit: 100
June 10, 2018, 01:30:47 AM
that's the truth, since actually bitcoin is better suited to be an asset than currency, I also prefer to make bitcoin an asset because it is far more profitable, than using bitcoin for payment of goods or services.
newbie
Activity: 101
Merit: 0
June 10, 2018, 01:22:58 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.


Yes, It is true. Bitcoin become an assets, Bitcoin also the best payment method in the future.
hero member
Activity: 2492
Merit: 542
June 10, 2018, 12:54:30 AM
According to this link (https://www.investopedia.com/ask/answers/12/what-is-an-asset.asp)
an asset is anything of value that can be converted into cash so therefore it is clearly stated that bitcoin is an asset because it can easily converted into cash pay for goods or stored in your bank accounts.
newbie
Activity: 196
Merit: 0
June 10, 2018, 12:40:16 AM
I'm not interested in calling Bitcoin as a wealth. I think Bitcoin is a property. Because the property is transferable, on the other hand the resources are not transferable. Such knowledge is wealth and money is property. So I want to say Bitcoin is not property but property. Because it is possible to deal with Bitcoin, it is not just anything but ordinary and invisible currency.
member
Activity: 523
Merit: 10
YOUC - https://www.youengine.io/
June 10, 2018, 12:28:59 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.


Yes bitcoin is not only a digital currency, but it is also an asset. Not a common asset because your bitcoin value asset will be easy to change.
being asset is not always bad, you can buy bitcoin and hold it. Later it will become a very valuable asset in the future.
member
Activity: 266
Merit: 32
June 09, 2018, 08:02:05 PM
Firstly, currently a miner which adds a new block to the blockchain of Bitcoin receives not only 1 BTC but 12.5 BTC. By the way in early times the miners received 50 BTC for each new block. Let calculate the current mining cost of Bitcoin: $7700 * 12.5 = $96250 per one new block. It is profitable if the miner uses a huge mining pool that aggregates the hashing power of the ASIC bunch

I was watching a wildlife program on TV where the photographer was walking in the forests and mountains. Later he found a 5 ounces gold nugget in the river. That way, getting gold is easier than bitcoin.
newbie
Activity: 161
Merit: 0
June 09, 2018, 07:59:32 PM
It has become more like store of value rather than currency because of tps and other scaling stuffs as well as volatility in price.  Should these things stabilize, it will work more as currency
newbie
Activity: 224
Merit: 0
June 09, 2018, 07:54:10 PM
#99
In my opinion bitcoin can already be called as asset. It already one of the large contributor of our wealth. This way we could consider BTC as asset and also source of income. It's a form which we can consider your money deposited in the banks.
full member
Activity: 896
Merit: 108
June 09, 2018, 06:57:59 PM
#98
I think it's a good choice, Bitcoin is a worthy future asset to be reckoned with. That way the world will see bitcoin is an important asset.
after a long debate, finally G20 also admitted that bitcoin worthy of being used as an asset. a similar thing happened in my country, where one of the financially responsible agencies issued an official statement that bitcoin was an asset.
full member
Activity: 518
Merit: 101
June 09, 2018, 06:53:10 PM
#97
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.

My personal opinion is that Bitcoin is part currency and part asset. Currency because it is now accepted as a medium of exchange in some parts of the world. Asset because it has an increasing value and can be kept for a period of time. Though Bitcoin's price do fluctuate, it still has the potential to gain more value in time.
full member
Activity: 225
Merit: 100
June 09, 2018, 05:41:03 PM
#96
I think bitcoin has a function of both, bitcoin as digital currency and bitcoin as an asset, and with the given legalization would have a good impact on cryptocurrency as more and more investors are interested in investing in cryptocurrency
newbie
Activity: 34
Merit: 0
June 09, 2018, 05:38:43 PM
#95
Bitcoin is become more than a currency but has grown to become an asset. Bitcoin price gone beyond what you can think about. It price went ahead of time and became the highest among the cryptocurrencies. Bitcoin is worth leaving as a will for children to inherit.
hero member
Activity: 952
Merit: 515
June 09, 2018, 05:31:24 PM
#94
It is a form of asset already since it is an alternative to cash wherein we can easily withdraw anytime we want so for me no doubt that it is already a form of an asset, it is not just legally considered as an asset by soon it will.
full member
Activity: 353
Merit: 100
June 09, 2018, 05:17:46 PM
#93
They are saying that bitcoin is a currency that is digital which is able to use to buy goods or services but what people really do to bitcoin is using it as an asset to be able to earn big amount of profit, not as currency. Also for me I utilize bitcoin to earn profit not for buying goods or services.
Bitcoin is a currency or bitcoin is an asset. Both statements limit the value and features of bitcoin. Bitcoin id undoubtedly a currency that can be used in transactions irrespective of the Geographic location. But this currency has significant potentials that enhances its acceptance as well as value globally. As a result many people invest in bitcoin as an asset to gain profit.
newbie
Activity: 133
Merit: 0
June 09, 2018, 05:14:34 PM
#92
when you make money, you use it to buy assets and when you have assets you can trade it for money, so you having bitcoin as assets or using it as assets is not a bad idea and i think its a good news because it will give room for general acceptance of of bitcoin when you know that you can trade with your bitcoin anywhere you are in the world without problem of third party.
newbie
Activity: 3
Merit: 0
June 09, 2018, 05:11:48 PM
#91
Bitcoin for me is asset because we are gaining some income, so, bitcoin is more of an asset than a currency. Bitcoin is more like gold that you can hold and sell it on a high price.
jr. member
Activity: 163
Merit: 1
ICOForums.net - A Cryptocurrency & ICO Forum
June 09, 2018, 05:10:42 PM
#90
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.

It indeed has became an asset to the bulk holdersas well as small investors. People can thing this as a property or gold which they can you at time of crisis and can genrate heafthy amount to enhance the standard of living.  
newbie
Activity: 72
Merit: 0
June 09, 2018, 05:10:29 PM
#89
Bitcoin is already an asst, It just depends on how you see it, This is the most valuable coin there is in the cryptosphere and will probably continue growing in value, Bitcoin can be used as store of value making it a very valuable asset
newbie
Activity: 238
Merit: 0
June 09, 2018, 05:04:14 PM
#88
Starting from day one of me to know about crypto currency, which a best friend of mine introduce me into the business, on how to invest and also trade, has been working perfectly, which can be converted to currency. Therefore bitcoin is an asset.
member
Activity: 322
Merit: 12
June 09, 2018, 04:47:49 PM
#87
Technically bitcoin is gradually becoming an asset. An asset earns you more income and bitcoin is doing just that; giving people extra income. Some have extraordinary income from their store of bitcoins. Just like a house being given out as a rent, the prices of bitcoin may also increase as the years go by.
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