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Author Topic: Bitcoin become an asset  (Read 6002 times)
DoublerHunter
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July 04, 2018, 11:46:26 PM
 #681

bitcoin is said to be digital gold by many investors as of now bitcoin is considered to be a future asset it is better to hold for the long-term
Mistake, you think of gold as an asset because you have been deceived, gold is money and nothing more, it is just gold has been divorced from its function for a very long time and people no longer remember an economy based on gold this is what those that said that bitcoin is digital gold really mean, they mean that bitcoin is good enough to be compared to the main form of money that dominated the world economy for thousands of years.
Gold is not a money, gold is an asset if we will base it to that is the use of gold right now. Gold is being purchased as a bar, a jewelry and so on. Those types of gold can be putted into a safe storage where they can just keep storing their gold pieces and when the price of gold goes up then they can just sell it and take the money and their profit from it.

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July 05, 2018, 02:16:19 PM
 #682

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.









I believe that the asset is safe if it has initial protection against the fall, which in my opinion, bitcoin will not be there any time soon. Therefore, we can hardly call now bitcoin as an asset.
Bitcoin has many unique risks to its basic technology, so crypto currency is suitable for investors who understand it well.
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July 05, 2018, 02:21:48 PM
 #683

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.

[/quote
You got the point there. Why call it an asset. If it should be more than that, its a digital currency and hopefully to future years it will become a currency not an asset. This is a good news because they recognized btc but not enough since we all know that bitcoin is more than being an asset.
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July 05, 2018, 08:50:12 PM
 #684

bitcoin is said to be digital gold by many investors as of now bitcoin is considered to be a future asset it is better to hold for the long-term
Mistake, you think of gold as an asset because you have been deceived, gold is money and nothing more, it is just gold has been divorced from its function for a very long time and people no longer remember an economy based on gold this is what those that said that bitcoin is digital gold really mean, they mean that bitcoin is good enough to be compared to the main form of money that dominated the world economy for thousands of years.
Gold is not a money, gold is an asset if we will base it to that is the use of gold right now. Gold is being purchased as a bar, a jewelry and so on. Those types of gold can be putted into a safe storage where they can just keep storing their gold pieces and when the price of gold goes up then they can just sell it and take the money and their profit from it.
No, gold is money the fact people think of it as only an asset is precisely what I am talking about, yes the use of gold right now is mostly as an asset but that is because governments did everything to divorce gold from paper money, they did this in several steps for decades, but when the fiat system finally collapses, and it will collapse, there will be a demand to go back to gold.



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July 05, 2018, 09:02:05 PM
 #685

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.

In my opinion bitcoin has it's own value if your going to trade it due to volatility prices may goes up and down,  only the usage of it our hope to increase may it be an asset when you do holding  wait for instance rise then we can have gain and profits that will be the targets of many investors to joined here the coming prices increase.
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July 05, 2018, 09:14:58 PM
 #686

I see bitcoin as both a currency and an asset.
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July 05, 2018, 10:30:59 PM
 #687

Classifying Bitcoin as an asset makes it easier for regulators. It also makes it easier to institute guidelines on how to handle especially for exchanges. The asset classification will also mean wider use an adoption.
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July 06, 2018, 01:41:49 AM
 #688

bitcoin is an asset is great for US invest.because benefit very much that can help economic issues families, then it's a lot of people in a variety of the world using bitcoin to invest
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July 06, 2018, 02:25:54 AM
 #689

I think bitcoin is a benefit. Property is a place to store esteem, it can enable you to increment or abatement the estimation of aggregate resources. Bitcoin has enough of these components, it's protected on the off chance that you know how to safeguard it. It will include esteem on the off chance that you have enough persistence and comprehension
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July 06, 2018, 02:30:54 AM
 #690

It is more valuable as asset also, there are also other options similar to it like stocks. Until , we have instant Bitcoin payments, it will not succeed as a payment medium.
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July 06, 2018, 02:36:07 AM
 #691

In my own opinion, bitcoin become an asset because we can earn with the increasing and decreasing of the price of it. When we hold it for a few years, imagine the earnings we can get from it.
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July 06, 2018, 02:43:11 AM
 #692

I see Bitcoin as important thing or an advantage for individuals for they need Bitcoin. For lile some other cash, Bitcoin takes after the standards of aupply and request of the economy. This causes individuals to make exchange less demanding, empowering holders to change over merchandise into a broadly tradable item through the business deal and afterward it uses to buy almost anything they wish to have. The most critical thing that makes Bitcoin profitable is that, Bitcoin is not the same as the other. It has its own capacities to individuals' need, it demonstrates its uniqueness to individuals.
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July 06, 2018, 03:08:20 AM
 #693

Can be said so, currently many investors are making bitcoin as a future asset, this is because bitcoin prices continue to rise so as to satisfy users, with bitcoin then the assets will continue to grow and this certainly makes us get big profits.

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July 06, 2018, 03:11:34 AM
 #694

They say that bitcoin is a digital currency that can be used to buy goods or services but what people actually do with bitcoin is using it as an asset to generate huge profits. so you have bitcoin as an asset or use it as an asset is not a bad idea and I think it is good news because it will give room for bitcoin acceptance in general when you know that you can trade with your bitcoin no matter where you are in the world without party problems third.
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July 06, 2018, 03:38:06 AM
 #695

Bitcoin is a very valuable asset and is the future of digital currency. And this technology, in my opinion, should continue to be developed due to the current economy can change human Bitcoin. In what was a very ordinary life now that they've been living with the convenience of sufficiency.
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July 06, 2018, 03:43:43 AM
 #696

Asset is putting money to your  pocket Smiley Yes I   consider Bitcoin is asset. I include that to my financial statement as an asset. Keep Investing in crypto but always remember only invest on what you can afford to lose.

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July 06, 2018, 03:47:02 AM
 #697

Bitcoin is a virtual property. It is exchanged for other currencies that can be used in our lives. So its value has changed a lot
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July 06, 2018, 03:49:56 AM
 #698

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.


Hi there indrakusumaindra! I have also read the same news and it gives confidence to those people who are new and starting to invest in cryptocurrencies. But it is much better if they will recognize bitcoin as a legal tender. By then it could be used to buy anything in Korea, either product or services.  But bitcoin being an asset is good enough to make the bitcoin mainstream in trading platforms. I hope that other countries will follow the steps done by the Koreans.
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July 06, 2018, 03:53:28 AM
 #699

I think becoming a widely used currency is the dream of Bitcoin as well as the developers. At the present time we still regard it as an asset to trade and exchange
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July 06, 2018, 05:53:03 AM
 #700

Bitcoin can also become an asset, but at the moment it's a very risky asset because its price is volatile. So,  there are many solutions to limit the price volatility so that it can be considered as an asset
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