Bitcoin become an asset

[fireman2001]

Well In my opinion, i think that bitcoin (BTC) is a big asset and it is the leading cryptocurrency. Bitcoin is hardly used in large scale now but definitely, It will change for the better.

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[Tashi]

Yes, the fact that Bitcoin is a digital currency with a value that fluctuates, people are holding it to make their stakes more profitable, that's why it became an asset.

[Malam90]

I also think same that bitcoin is an asset for fiture. Now it is good time to buy bitcoin  and hold for long time for prpfit. It is better than gold.

[cuteboy2016k]

Yes bitcoin is the largest market cap and Bitcoin is part of world economy, now days more people knows about bitcoin.in 2020 bitcoin will be in top 3 in worlds largest currency list,Lot of people using bitcoin transactions, without any third party we can transfer money in low fees.and no one can track the transactions.when next bubble happen the bitcoin price will reach in top level again.wait and soon One day we will see that i am sure just 9 year of beaing and BTC is 6th now, step by step we will see that very soon it just need some more time 4-5 years or more.

[MiukoOk]

That's it. All investors consider investing in Bitcoin as one of the most profitable business forms. And it is their property that not only put money into the investment but they put their wisdom in it. Just one wrong decision will cost you money.
So Bitcoin is the property of many investors when they choose this form of business

[anehh]

Bitcoin is indeed a crypto currency, but also indeed bitcoin has been widely used as an asset, because of its high price and promising big profits over a period of time. This shows that bitcoin is a cryptocurrency that is highly trusted and many people want to have bitcoin for their future savings so that someday they will be happy when the price of bitcoin soars so high.

[eut078]

I consider Bitcoin as important thing or a resource for individuals for they need Bitcoin. For lile some other money, Bitcoin takes after the principles of aupply and request of the economy. This encourages individuals to make exchange less demanding, empowering holders to change over products into a generally tradable item through the business deal and afterward it uses to buy almost anything they wish to have. The most vital thing that makes Bitcoin important is that, Bitcoin is not the same as the other. It has its own abilities to individuals' need, it demonstrates its uniqueness to individuals.

[Layers318]

Iregard Bitcoin to be dynamic in its nature. Bitcoin can be considered as a currency when it is being used to purchase goods and service. It becomes an investment portfolio when investors buy at certain low price and sell at a certain high price to make profits. It also becomes an asset when people buy it, keep it as a stor of value and can be passed down unto their heirs or sons.

[hubballi]

Iregard Bitcoin to be dynamic in its nature. Bitcoin can be considered as a currency when it is being used to purchase goods and service. It becomes an investment portfolio when investors buy at certain low price and sell at a certain high price to make profits. It also becomes an asset when people buy it, keep it as a stor of value and can be passed down unto their heirs or sons.

Agree with your point but still lot of users think that Bitcoin is a digital currency but they forget that if you cannot use currency to purchase any goods then it automatically becomes as an asset, because you can buy and sell and hold bitcoin but you cannot use it in your daily life activity like fiat currency.

[Layers318]

Bitcoin started as a currency and has now evolved out successfully as both an investment opportunity and an asset. It is regarded as an asset in the sense that it has a value which makes it possible to pass it on as an inheritance to the younger generation of a family.

[SamarasLoch]

I can say Bitcoin is a combo of both subjects.  It can be seen as an asset but a  very volatile one at that; however,  even real life assets are volatile as well.  It can  also be used as a currency and medium for exchange as some merchants already accept Bitcoin as means of payment.  So yes,  Bitcoin can be an asset or a  currency,  depending on your personal preference.

[MTNAX]

Bitcoin can indeed be used as our asset in the future, because bitcoin can benefit us. These benefits can be our success in the future. We really have to be smart to invest in bitcoin, because that really determines our success. Maybe the next year bitcoin will grow even more.

[gorokill]

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 digital currency, and can complete a bankless transaction, its anonymous nature makes this currency very attractive to many people because it can keep transaction identities confidential. the increasing value of bitcoin makes some people interested in owning it, but not as a currency but as an asset, and I am comfortable with this situation because it can provide great benefits in the future.

[binting]

bitcoin is an asset currency is going to be widely used and bitcoin is hard to use on a large scale right now,expect the lightning network to change everything...a great news for crypto user in korea to have such benefits, its a welcome opportunity for the new investors to come in, and participate into digital market trading. looking forward for another window of opportunity for other financial institution to follow thru after this great new from korea. more possible investors will look into the possible investment...bitcoin really is an asset, its only how you put in your investment into the market.its good for short term and long term investment, it is just a matter of taking care of your business investment....

[AmberFlotilla]

I think that in South Korea and Japan, bitcoin is now defined as an asset, and there are some countries in Europe that are starting to set up a system, which is a positive sign for the industry to encrypt the industry, allowing more people to invest in bitcoin.

[lisa12]

Since bitcoin has been used much more as a source of investment, then many people see it as an asset, then much more extensive use as a currency should be strengthened.

[hASHmETAL]

I do agree with OP, and this is not what bitcoin was created for, but I do understand that in order to become a currency, bitcoin probably needs to follow this path first. If bitcoin is an asset it means it has value, since it can be easily traded, I think it wont take long for it to actually become a currency as well. My only problem with this, is to know how these trades will be taxed, because that could eventually harm bitcoin use as a currency. One thing is sure though, if bitcoin gets recognition as an asset, it should eventually attract more investors, and that should be good for BTC.

I'm re-posting my worries posted in another topic as no one tried to give confident on this matter ...

My worry is as time passes, awareness and adoption of crypto has increased, however the real economics has not started !! meaning as of today it is just crypto - some may suffix currency or coins or asset ..what not ! only demand and supply of willingness to just HOLD in wallet or Trading (for traders doesn;t matter what is underlying asset that they are trading, only price fluctuations matters) is driving prices on either sides mainly FUTURE CONTRACTS which is dangerous all most all !!

All major governments across globe have not opened up there banking system to trade-on with their respective fiat nor they have allowed to do commerce with goods and services , this means they have not accepted it yet as alternative to fiat currency for the commerce in respective countries nor regulated fully as revenue stream to governments. This is the greater concern for any person to hold crypto-asset(my assumption until I buy any goods or services instead of fiat) with conviction or belief that as probability of regulation outcome is either 0 or 1 and it is greater risk from the point of Investment which is in the quarter "out-of-control" as per theory.

[MUSFIKAR]

Yes, Bitcoin is considered an asset because Bitcoin can be used for future investments because it will have a larger exchange rate. As we have seen for years, the cost of Bitcoin continues to grow. I'm sure in the coming years and Bitcoin will be at the highest point.

[Ludmilla_rose1995]

I think bitcoin is now more feasible as a digital asset than as a currency. The value of bitcoin is very unstable and always changes so that it is not yet worthy of being a currency. Now bitcoin is more suitable as an asset to trade like gold

[Tomwatson88]

I think bitcoin is not just a digital currency but it is also a digital asset. It is an asset because we use it as the investment to earn a profit. Currency because we use it as a payment method online. In other word bitcoin is two in one,it is a decentralized digital currency at the same time it is an asset.