Bitcoin become an asset

[sakahayang]

the vision of bitcoin originally as a currency that will be used as a means of payment to buy goods or services, but over time many users prefer to make bitcoin as an asset rather than making it as a means of payment, because making bitcoin as an asset can generate profits rather than using it for payment, therefore now many bitcoin users prefer to make bitcoin an asset.

It's true that you say, is more profitable as an asset than a currency.
in the article also explained that the Korean government could confiscate Bitcoin because Korea established the law of a hidden asset that can be imagined to range from cash, deposits, shares, and other tangible and intangible forms holding the standard value.
although before korea said, it is not appropriate to seize bitcoin for the reason that bitcoin forms electronic files without physical entity. then Bitcoin is said to be an Asset and not a currency

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[hamim18]

Bitcoin is crypto currency but day by day its demand increasing.So its going to assets because its value will increase today or tomorrow.It is more profitable as an asset than a currency.

[Ar Rahman]

bitcoin aims as a currency, we live how to use it, can say assets if we invest, but bitcoin is also easy to change hands, and for now there are many who say if bitcoin is an asset for the future, because bitcoin can also increase a person's income, and I am sure that bitcoin is still reliable to invest in the future.

[SMD.Shuvo]

Yes Bitcoin is really a wealth. I think he does not have anything to do with Bitcoin. This bitcoin shot at the time of the disaster will be of great help. I have kept a lot of big bitcoins and I will sell my Bitcoin if I have any major danger. That's why I think each bitcoin has a wealth.

[Sesiaw]

very good if bitcoin is an asset, moreover we can teach to child and grandchild it is very extraordinary, bitcoin I hope will be much better and can exist until the future.

[cizatext]

Well bitcoin is a currency and at the same time an assets in the sense that due to the volatile nature of bitcoin it tend to generate interest as the market keep growing, and again when you hold bitcoin for a long time it become an assets which has the ability to double or even triple the amount you invested on it. And also bitcoin is a digital currency that it nature is a peer to peer and does not involve third party.

[Mazda17]

Bitcoin is becoming wealth in my opinion. But bitcoin is not a fixed asset for you or me. Bitcoin is considered as an ongoing asset resource. Because bitcoin has changed hands in a short time.

Your opinion is very good and I agree with your opinion.
It's true that bitcoin is not a fixed asset for all of us because bitcoin can move hands on anyone but we can say bitcoin as a source of profit for our lives, let alone I'm sure bitcoin always gives what we want and useful for us all because bitcoin can be said assets while being profitable.

[Kakmakr]

Most countries want to define it as a commodity, because they do not want competition for their local reserve currencies. If they allowed it to be a legal tender, then it opens up a whole can of worms for their local currency. We will just have to accept this decision and still use Bitcoin as a currency, because they cannot stop us from doing that.  

If you want to trade a donkey for a car, nobody can stop you... and this is the same for Bitcoin.

[buburjelly]

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.

All the people in the world know the bitcoin of the currency but the conditions that make bitcoin serve as an asset because bitcoin is not legalized by all state governments for various reasons from each country so bitcoin is only traded in various crypto market and forced to temporarily bitcoin serve as an asset let alone not a few users make bitcoin as a very supportive investment tool bitcoin as an asset as well as the stock market. The most important for me is bitcoin still has value.

[djmixen]

well, for me bitcoin is an asset because it has a value like other crypto currency and properties having a value. As we can see that many people are aware on the bitcoin and it is adapted as being uses in different transaction.

[jake zyrus]

Personally, I think bitcoin is a kind of asset, it has great value, and evaporates at any time

In my opinion bitcoin is an asset for me cause it give me great value and can be convert into cash anytime you want. Bitcoin is an asset and currency for me it help me a lot and to other people to reach their goal to become successful in the future.

[ranochigo]

A currency is used for trading and purchasing goods. Bitcoin can be considered as an asset. How many people actually uses Bitcoin to purchase goods? Bitcoin has mostly just become an investment option and it isn't wrong to classify it as an asset. I doubt South Korea's adoption is all that high to classify it as a currency anyways.

[batang_bitcoin]

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.

You have the free will to think and assume on what bitcoin really is base on your acceptance. In USA, bitcoin is a commodity for them so if South Korea tells that bitcoin is a recognizable asset that's a good news right?
If a country recognize bitcoin as something valuable that's the important thing as long as they are not throwing bitcoin away and will suddenly declare that it is an illegal currency to penetrate into their jurisdiction and won't allow their citizens to use.

[deklitt]

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 every country of course have different rules on bitcoin like in Indonesia, bitcoin is used as an asset of investment and trading business while the use of bitcoin for currency is banned by the government.

[Gabah56]

that's right. if bitcoin will be an asset to build a better future. because investing in bitcoin in a short time we will get big profits .

[jzale]

I have recognized bitcoin as an asset ever  since I have utilized it. Anything of value is an asset for me in my own opinion of course. Bitcoin is an asset which has a large potential for utility and purpose in the long run. Bitcoin is an asset that is used for investing and transactions.

[vanhhi9x]

Of course because it is now a currency, is not it?

[Coin-1]

Yes, bitcoin has been declared as a speculative asset but Gold is $1300/ounce and Silver $17/ounce.

Bitcoin at $2,000 is also high. What is the point of mining cost of one Bitcoin = $5,000 when mining cost of gold in $500/ounce ??

Firstly, currently a miner which adds a new block to the blockchain of Bitcoin receives not only 1 BTC but 12.5 BTC. By the way in early times the miners received 50 BTC for each new block. Let calculate the current mining cost of Bitcoin: $7700 * 12.5 = $96250 per one new block. It is profitable if the miner uses a huge mining pool that aggregates the hashing power of the ASIC bunch.

Secondly, in my opinion Bitcoin is an asset indeed. BTC is like a shares of a company, but it can be bought or sold outside of the stock markets. It is pretty safe and protected by the strong asymmetric cryptography. I think Bitcoin is an advanced shares.

[ambisyon]

I think it depends on the person's view if btc is considered an asset or a currency. However, in my own understanding, I would have to agree that bitcoin is totally a currency used for investment and a currency used to do payment transactions. Bitcoin as a currency is the most popular and the most high valued crypto currency globally.

[Hitesh shaveta ohri]

I think bitcoin is an asset rather than a simple currency.. because it gives long term benefits to the investors... But you can't say bitcoin is a fixed asset. Bitcoin is considered as an ongoing asset resource. Because has changed hands in a short time.