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Author Topic: Bitcoin become an asset  (Read 6075 times)
fbtdarkhorse
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July 02, 2018, 07:31:06 PM
 #621

Bitcoin is a currency but some people consider it as an asset,  i consider it as an asset too.  I believe that btc value is something that we need to consider as an asset because we own it and even if it is a currency it has its own value that can be converted into cash

You correctly reflect, because bitcoin, if it becomes a publicly accepted currency, will at least be used by people who need bitcoin.
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bncbnc
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July 02, 2018, 07:37:02 PM
 #622

Bitcoin was planned as a currency. But the reality is that it functions like gold. And gold is an asset. Therefore bitcoin is also considered an asset.
We can consider bitcoin both gold as well as assets, bitcoin can not only be use for investment, but we can also use it for online shopping and so many other purposes, even bigger companies have started accepting bitcoin for their payment purposes, therefore i think that we can say that bitcoin is not only bitcoin but aw well as a crypto currency.

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chetanvineeta
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July 02, 2018, 07:37:10 PM
 #623

If you consider it a currency and it is not a good one because its value/price is not constant or say price volatility is there plus manipulations too. So I think its better as an asset.
armchair-84
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July 02, 2018, 07:39:13 PM
 #624

undoubtedly, bitcoin stays as an asset and currency simultaneously and its brilliance is that we can use it always in different ways
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July 02, 2018, 07:39:41 PM
 #625

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.

To my understanding bitcoin is the highest digital currency and its mostly used for investment in the crypto world. In the other way round bitcoin is not used like the fiat currency because of it high value and the holders I holding it to get more profit, Hence it becomes an asset in this way and currency in terms of investments and transactions.

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kemonojim
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July 02, 2018, 07:51:57 PM
 #626

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.

This is good news for Bitcoin, I believe with the legalization of the government I think more investors will come to invest in Bitcoin. For now bitcoin is still popularly used as an asset or future investment by most people, and few use bitcoin as a legitimate transaction tool, as not all countries legalize Bitcoin.
1van__
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July 02, 2018, 07:54:09 PM
 #627

this is complete nonsense! bitcoin is not an asset, as it can not generate cash flows for its holders !!!
cryptofeel
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July 02, 2018, 10:22:48 PM
 #628

With the way crypto currency is going, it is set to take the world and radically revolutionize the way we do business. The ancient walls of traditional, monopolistic banking will eventually crumble before bitcoin and crypto.
kouba01
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July 02, 2018, 10:26:42 PM
 #629

G-20 Classifies Bitcoin as an Asset..These countries appear to be moving toward a consensus that cryptocurrencies may not be currencies at all but rather that it might make more sense to consider them as assets.

Falmera
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July 02, 2018, 10:28:57 PM
 #630

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 when bitcoin will be legalize in a country, the effect or the consequence is dependent on who and how good the government leaders are. And I think bitcoin can be both asset and a currency. It is just more or less like the fiat.

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PalindromemordnilaP
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July 02, 2018, 11:58:22 PM
 #631

Bitcoin is already an asset but unlike to other assets that you can have, it's digital and is also risky because of its volatility in its value. If you can keep bitcoin in a long time, you can really see how its market value grows and that's also the very reason why i am holding my bitcoin for long term now.

Jundel2018
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July 03, 2018, 12:03:43 AM
 #632

this is complete nonsense! bitcoin is not an asset, as it can not generate cash flows for its holders !!!

Bitcoin is both an asset and as a currency but bitcoin really become an asset rather than a currency. For thats how it is popular to people being used as an asset rather than used as payments though there are some people who used bitcoin as payment with the goods they bought.
mmo4me.2016
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July 03, 2018, 05:08:24 AM
 #633

Bitcoin can not replace cash! Bitcoin can only become popular and widely used and can be recognized as an asset!
But bitcoin needs to be more stable and easy to use so that it can be accepted at payment points!

cunese
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July 03, 2018, 05:31:23 AM
 #634

Not only is the BTC part of the asset, eth is also defined as part of the asset. Good encryption becomes part of the asset in the long run. Shocked Shocked
Project xupporter
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July 03, 2018, 05:37:22 AM
 #635

Bitcoin will rather become an asset than the currency most of early adopters want, the price of BTC is becoming more than what is affordable, and the more the BTC price, the more the transaction fee. This alone qualifies it better as an asset than just a currency
muhammedb
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July 03, 2018, 06:35:40 AM
 #636

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.

Your point are interesting but I think bitcoin is planning the role of both currency and asset, because as far as bitcoin are been used for exchange and transactions it a currency but in the other hand bitcoin still play the role of asset because most people do buy and hold bitcoin for future use so doing this is already an asset and I don't think it have any infect.
paulparkker
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July 03, 2018, 06:42:10 AM
 #637

I think bitcoin is asset but not a fixed asset and if i say in other way its investment which give you option to increase your money in coming future.
daoquanghuan
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July 03, 2018, 06:49:41 AM
 #638

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 my personal point of view, Bitcoin is not an asset because it does not generate cash flows when standing independently from its holders (until you sell it). I think that Bitcoin is a currency, but it's not perfect, to the extent that it's just as restrictive as an intermediate trade and it's too volatile to be a form of storage value.
basyang
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July 03, 2018, 07:11:39 AM
 #639

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.


huh? In my  own opinion, Asset is something you own or valuable thing you own. So I am confuse why bitcoin is not an asset if you have a bitcoin? And yes bitcoin is currency and asset, for me if you have bitcoin then you have it as your asset, Currency because bitcoin is a type of currency and all of currency is used for trading and transaction which is buying and selling bitcoin are transactions.

Hua cuong
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July 03, 2018, 08:02:22 AM
 #640

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.
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