Bitcoin become an asset

[Vanhoang2000]

When you take your property such as money to buy bitcoin or you get gold to change bitcoin then bitcoin is of course your personal property and you will use it as your personal property.

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[richardson1128]

Bitcoin can either be an asset or a currency. But cannot be both. The only certain thing is that cryptos depend mainly to people who are behind it and still supporting it. As we all know they all change value frequently almost everyday.

[billbear]

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 love the way bitcoin is right now, because my opinion in his both that you can spend on some things around, and also it is an asset that you

[Alns]

For me bitcoin is already an asset, first I know my bitcoin is just a bitcoin sight is a currency only, but now bitcoin is worthy to be an asset with a growing value. And I think its already good if bitcoin can be an asset because bitcoin have limited supply.

Good point of view. I agree with you because for me personally bitcoin become an asset in real life. In the past I have in western it $500 and everyday I'm working with it.

[Baokali92]

we have a lot of good assets in the form of home soil and even bitcoin I am making a future asset because I see that bitcoin development is very promising although now downhill I will never stop to increase my assets and I am sure that someday will be a good asset.

[davit putra]

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 better served as an asset, and more uses it as an investment. I myself prefer to be an asset because it is more profitable.

[ekeh]

Some time i actually see it that way, which it appropriate from time to time, therefore bitcoin is simply know as a Crypto currency, that is perfectly working on a digital ways, that is highly recommend.

[nicolesalv]

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 believe that bitcoin is both an asset and currency. why? Bitcoin as an asset because it can be your long term investment in which it can be called as asset. Bitcoin as a currency for example when we use bitcoin to buy online stuffs and also when ae converted bitcoin into cash and buy our daily needs or anything. So for me it is both.

[tylor4343]

I do not agree with you. I think Bitcoin is an asset. Indeed at the beginning of its emergence, BItcoin is projected to be a currency, but too many complicated rules make Bitcoin change direction into an asset. To be a currency, one of the conditions Bitcoin must have a tangible form, whereas what I know that Bitcoin have a form but not intangible.

[hessanseen]

I think more countries will recognize the status of bitcoin in the future. Bitcoin is indeed an asset, and its value may be reflected in the future.

[HasiViraj]

Well bitcoin is a money and in the meantime an advantages as in because of the unpredictable idea of bitcoin it have a tendency to create enthusiasm as the market continue developing, and again when you hold bitcoin for quite a while it turn into a benefits which can twofold or even triple the sum you contributed on it. And furthermore bitcoin is a computerized money that it nature is a shared and does not include outsider.

[sinta23]

I think personal bitcoin can be said currency can also say asset, depending on where we look at bitcoin, but for me personally most bitcoin I use as an asset or my savings in the future. because I am sure in the future the price will be good

many of our friends use bitcoin as a valuable asset for our future, because bitcoin is more profitable and higher in asset prices, but if the bitcoin state improves and we sell, then our profit in possession of bitcoin assets.

[Brenda Karenn]

I'd rather say Bitcoin behave more like a commodity than a currency. It's too volatile to be a currency. Commodity values can surge - although usually not like this - and while commodities can be bartered, in general they are not used as currencies. So I think the decision of Korea is right.

[DrGuns4Hands]

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.

How could we detail the fact, if in the perspective of individual or in the business? First, every investors of bitcoin uses the power to buy and can sell – to create a profit. The inflow that enters to the person might be come in two sources of his balance sheet; financing or equity. If bitcoin is an equity because it is his investment then the problem arises when the time of recording and auditing the financial statement happened. However, person can or can`t be accounted with his FS (financial statement) because FS has not yet given the purpose. Second to business, still the same as to the perspective of individual to be used in trading/investment (depending on the company developing a technology using bitcoin); thus, the problem really arise on preparation of Financial Statements because it is required for the company to submit their information to the public and those bitcoin can`t be easily track in the bitcoin`s exchange (especially the one who sells and buy your coin). Hence, the difficulty arises more on establishing business using bitcoin as an account - as if Bitcoin can become an asset.

[magmar]

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.

Well bitcoin is a cash and meanwhile a focal points as in as a result of the unusual thought of bitcoin it tend to make eagerness as the market keep creating, and again when you hold bitcoin for a long time it transform into an advantages which can twofold or even triple the whole you contributed on it. What's more, moreover bitcoin is a mechanized cash that it nature is a mutual and does exclude untouchable.

[Cynthia Andradee]

Bitcoin's better off being an asset. Being an asset allows it to follow the demand and supply rules, and not be manipulated by governments. It's good news, I think.

[Jay51]

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 investment to earn profit. Currency because we use it as a payment method online.

[Peter Bailey]

The underlying asset of bitcoin are users’computing power’developers and its technology because it has no intrinsic value.

[Giles Goodman]

Absolutely nothing. Just the same as any currency that isn’t backed by an underlying tangible asset such as gold (U.S. currency was backed by gold, until 1973).

However … unlike most other currency, nobody defends the value of bitcoin. If it were a country’s currency, the country would defend it. If it is a share of company stock (which in some ways functions like a currency), the company can defend the value of their shares by doing stock buy-backs or paying a dividend. Bitcoin cannot do that. Bitcoin has no “market maker” or buyer of last resort.

[emberbekas]

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 investment to earn profit. Currency because we use it as a payment method online.

It seems, there is a lot of resistance from many countries when bitcoin is used as a means of payment and I think making bitcoin as a global currency will be very difficult to realize in the near future considering it. As here in my country, the possibility of bitcoin being used as a means of payment is very small and bitcoin will probably remain as digital asset in the long run.