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Author Topic: Bitcoin become an asset  (Read 6561 times)
2beAmillionaire
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June 15, 2018, 10:00:23 PM
Last edit: June 16, 2018, 09:57:39 AM by 2beAmillionaire
 #201

Bitcoin is a currency,but for me it can also become an asset. I will keep it securely,because i considered it as my wealth. For having a lot of bitcoin,will  make you rich,that anything you want to have in terms of money matter,it can be yours.
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South Park
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June 15, 2018, 10:48:33 PM
Last edit: June 18, 2018, 11:39:03 PM by South Park
 #202

Bitcoin has already outshined GOLD in terms of asset. It can prove to.be very beneficial for the countries.
Gold is not an asset either this is one of the biggest tricks bankers have pull on people, gold was the greatest currency for thousands of years, only recently bitcoin has surpassed it, do not be fooled by legal definitions what it matters is if gold and bitcoin are currencies and when you look at them and their characteristics both are way better than fiat currency since governments cannot print more bitcoin or more gold.

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June 15, 2018, 10:57:13 PM
 #203

That is the real thought that bitcoin became an asset, because an asset in any kind have a value even in long period of time, as an asset bitcoin have a value and you can have it for a long period of time , and an asset can also be sold, and bitcoin as currency can be exchanges and convert into money.

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June 15, 2018, 11:01:33 PM
 #204

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.
I agree to say that bitcoin is a risky digital asset. It is risky because its price is not stable.we are facing high risk when holding it as price changes rapidly anytime and unpredictable..Sometimes, it can be used as currency but not yet globally accepted.
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June 15, 2018, 11:08:07 PM
 #205

Bitcoin is an asset because of it's price if you have 5000btc you already a millionaire and you can build your own house buy things that you like and etc.
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June 15, 2018, 11:16:14 PM
 #206

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 it can also be your asset because you owned it, it is all yours but its a digital asset that can't be touched. You just need to keep it safe especially when you put in on online wallet because there is a possibility of it being hacked.
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June 15, 2018, 11:28:03 PM
 #207

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.

If you invest in something that can be kept for as long as you want with the potential of gaining higher value and produces profit, then I believe it can be considered as an asset.

Simply put, if something has value and produces profit, it's an asset!

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June 16, 2018, 08:52:19 PM
 #208

For me bitcoin really is an asset.Bitcoin can now be officially referred to as an asset as it gained credibility and support of many people.Now only how do you put your investment into the market. This is good for short-term and long-term investments,
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June 16, 2018, 08:56:07 PM
 #209

I'm not interested in calling Bitcoin as a wealth. I think Bitcoin is a property. Because the property is transferable, on the other hand the resources are not transferable. Such knowledge is wealth and money is property. So I want to say Bitcoin is not property but property. Because it is possible to deal with Bitcoin, it is not just anything but ordinary and invisible currency.
ordeath
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June 16, 2018, 08:57:07 PM
 #210

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.

Because of many things in its nature, bitcoin is still not ready to be used worldwide as a currency or a payment method, so all the guys, who are thinking, that bitcoin soon will overcome the economic system, just does`nt understand what it is actually.
coconutter
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June 16, 2018, 09:05:39 PM
 #211

It is a currency, only that digital, and that is the main reason of why we call it a cryptocurrency.
It is an asset if you want to call it like that, but in fact, it is just like a digital coin.

South Park
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June 18, 2018, 11:41:26 PM
 #212

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.
I agree to say that bitcoin is a risky digital asset. It is risky because its price is not stable.we are facing high risk when holding it as price changes rapidly anytime and unpredictable..Sometimes, it can be used as currency but not yet globally accepted.
And what currency is stable at all, can you name one? People think the dollar is stable but the only stable thing about the dollar is that its government will keep printing it and it will keep doing so until it is valueless, this may seem exaggerated to some but the dollar cannot keep being the top currency around the world when so much of it is printed everyday.

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June 19, 2018, 08:43:23 AM
 #213

Bitcoins are as valuable as the currencies you own. Bitcoins also mean that you own a certain amount of assets, since bitcoin can trade as we trade gold or commodities
laiya94
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June 19, 2018, 09:07:59 AM
 #214

I think bitcoin is an asset due to properties of bitcoins because it is so much volatile to not to be a currency.

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June 19, 2018, 09:26:35 AM
 #215

I think bitcoin is not a property. We are looking for a future where bitcoin becomes currency. bitcoin is suitable for payment. The bitcoin issue is legitimately the same as property is something that many investors do not expect I think it is not a good news for bitcoin.

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June 19, 2018, 09:34:35 AM
 #216

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.


Asset has a lot of meanings. It could be as an item as something useful and valuable. I suppose that it should be the second option - BTC is valuable currency.

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June 19, 2018, 09:37:28 AM
 #217

I think bitcoin is not a property. We are looking for a future where bitcoin becomes currency. bitcoin is suitable for payment. The bitcoin issue is legitimately the same as property is something that many investors do not expect I think it is not a good news for bitcoin.
Bitcoin is now become a gaining asset and we are really having some more benefit of using it. I believ ethat bitcoin will soon great a history on the cryptocurrency feild. It is really amazing and we can really gain a huge amount of profit on it if we are going to do a right decision specially when selling and buying it.

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June 19, 2018, 09:38:00 AM
 #218

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 digital currency and not an asset though if properly used can be a store of value. If S.Korea succeeded in branding bitcoin an asset it therefore attract taxes from any completed transaction. This will go against the fundamentals of bitcoins.
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June 19, 2018, 09:43:39 AM
 #219

I think its depends only on how the things was going on about bitcoin,if there is a country that using it for being a asset i think we can`t do nothing because they`re believing in bitcoin, this is my only opinion only.

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June 19, 2018, 09:51:10 AM
 #220

bitcoin my opinion is an asset, an asset that can be called wealth where wealth can be categorized by one's income to achieve prosperity himself. I think it depends only on how we all respond wisely.

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