Bitcoin become an asset

[MilesEldwin]

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 currency, no doubt, but it can also be regarded as an asset. This is because it is being used as an asset to earn a big amount a profit. TAU, too I would say is an asset because it is also used to gain returns after investing in it.

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[x xurtjati]

I think bitcoin is an asset because bitcoin can be a source of income and of course bitcoin can change our lives much better than those who invest in bitcoin at risk but not just investing in bitcoin alone is risky and I think bitcoin is an asset because our bitcoin passes our lives changed considerably better and much better than the previous one

[TechnoX_X]

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.

What is asset? in my opinion, asset is a real good or not that has a high selling price. Bitcoin is one example of the asset of so many assets. If bitcoin is used as a currency like fiat money there will be inflation in that country. The money they usually use will not be valid anymore and will be replaced by bitcoin. If bitcoin remains an asset, then everyone can invest it for the future

[sormin]

I think bitcoin remains an asset forever and will never change. If bitcoin replaces the role of fiat currency, then it is certain that bitcoin will lose some investors, because the profits that can be by the investors will be smaller.

[orangy]

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 personally think Bitcoin is an asset. Similar to gold.

[CryptoFeller]

Bitcoin is a digital currency though, but if one has a lot of Bitcoin it surely contributes to his/her wealth. Therefore it can be recognised as a asset however beacuse of its unstable nature it pose some form of liabilty.
So bitcoin can be an asset because an asset is just a valuable thing that someone possess

[ArnoldChippy]

I think bitcoin remains an asset forever and will never change. If bitcoin replaces the role of fiat currency, then it is certain that bitcoin will lose some investors, because the profits that can be by the investors will be smaller.

Bitcoin is currently uses as an assets, but bitcoin is created as currency, and when it will become more popular, when it will be available everywhere, then i think that most of the people will like to use bitcoin as currency for buying and selling things, because bitcoin is already created as currency and will remain as online currency forever.

[Abrefatotherescue]

Definitely, bitcoin is an asset. Or would be. Conventional forms of assets are gradually falling off the grid for more digitally and electronically tangible ones. If you have bitcoin,hold on to it. It's precious.

[wilburwilbur]

The definition of bitcoin depends on a person. Some will think it is just a currency, some will think it is for investment and some will think it is a scam
As for me, bitcoin is a cryptocurrency, a highly volatile currency that's why you can invest on it
That is a good news for south koreans, legalized cryptocurrency might change their mode of payment sooner or later

[zarintasnim]

Thank you very much to south korea that bitcoin is legally. Its very big news to all cryptolover.Although bitcoin is now online currency. But bitcoin is assets for me. I am keep my bitcoin for my future and also my children. That can help me lot.

[bentong talong]

Definitely, bitcoin is an asset. Or would be. Conventional forms of assets are gradually falling off the grid for more digitally and electronically tangible ones. If you have bitcoin,hold on to it. It's precious.

Yes, Bitcoin is now an asset; especially today because the price is low and it tends to get high after a month. So you better to be patient and wait until the price increases.

[yhoga45]

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.

Maybe now cryptocurrency it's still an asset because all of the countries haven't legally cryptocurrency yet, but soon I believe 80% crypto it's not just an asset. You now steam (game platform), they ever made cryptocurrency for their payment. We don't know the future, but this is technology right? which are we live with technology now days

[Dr.Nina]

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.

[richardsNY]

We still have a lot job to do, as bitcoin community, so that public can realize what is bitcoin.

What work is there to do according to you? I don't care about what others consider Bitcoin to be -- it's my personal usage that matters, and not the legal category people think Bitcoin should fit in. Would it change anything for you if Bitcoin is declared an asset or a motorcycle or an elephant? I very much doubt it. You will keep using Bitcoin in the exact same way you have always used it, and so will other people. It seems to be a hobby for people here to find problems where there aren't any. The legal category would only be a thing if Bitcoin was a centralized network, but it isn't so it doesn't matter....

[nursarjani]

I think bitcoin is a valuable asset and digital currency to invest in both long and short term. Currently some countries only allow bitcoin as an investment asset, should not be used to buy anything that paid cash with bitcoin but must be redeemed for fiat money.

[BagzMM]

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.

In my opinion, i would considered it today as an asset it is because it has a value to any investors. Many people get benefits from BTC.

[Godef]

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.

[Pyr3x]

Interesting news about the fact that Bitcoin begins to become an asset. Well, I think everything goes to that. China in general is going to create its own single currency, which first will go inside the state and then possibly start taking the leading positions around the world, as the dollar does.

[Victorycoin]

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.

Yes Bitcoin can rightly be said to be an asset at the moment because it has more of speculators than merchants at the money  and that explains the the very high volatility and unstable price being encountered in the market. If and when the number of merchants in the community  starts to amount, we would start to see less of volatility and price most likely to appreciate.

[South Park]

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.

From the point of view of governments recognizing that bitcoin is a currency is something very dangerous, that will mean they are admitting that bitcoin is a competitor against their fiat monopoly, by declaring it is an asset bitcoin can be thought as any other form of property, but we know that even if that is the legal definition the technical definition of bitcoin is as money, since it has all the necessary characteristics.