Bitcoin become an asset

[jamids]

Indeed Bitcoin is an asset. As we hold our investment for a long period of time and we earned a higher profit this investments becomes an asset. Bitcoin as an asset is a very profitable investment that everyone is chasing for.

Bitcoin is an asset for now but there will come a time when people would start to use it as a currency because it already has a stable value. It is hard to use a coin as a currency when it has a fluctuating value especially when it comes to the merchants because instead of having profits they would end up at a loss if its value will go down the next hour or day. Since they still purchase with fiat then they should accept fiat or convert the coin directly to fiat when they accept coins but it would have additional cost. For now, bitcoin is good as an asset because of the possibility that its value would increase in a short period of time.

[Lexurdania]

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 its hard to make bitcoin as our daily currency. Its againts on government regulation in some country. Beside that, central banks must be againts it. Central banks must be wont lose their control on money supply.

[caotringhia]

Bitcoin can also be considered as a property. 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.

[anhchangdeptrai13]

I think bitcoin is an asset. Property is a place to store value, it can help you increase or decrease the value of total assets. Bitcoin has enough of these elements, it's safe if you know how to preserve it. It will add value if you have enough patience and understanding

[samcun]

really bitcoin is an asset in which our money or our wealth is a very valuable asset in the future that we can use somewhere later. Bitcoin has magnetic magnets that are amazing, safe but bitcoin assets or investments must have a very long-lasting and enduring patience to get the right benefits.

[kaybounty]

The fact is that it might be risky to call Bitcoin an asset, with a lot of challenges it is facing. However, who would have thought that bitcoin will go this far of becoming an asset? A lot of people had doubt its potential and now bitcoin have proved them wrong about it. Bitcoin can now officially called as asset because it gains the credibility and support of many. Bitcoin is being accepted in many trasactions so I consider it now as an asset cause although I'm a kind of new but Bitcoin has helped me to achieve some things and I know this is just the begining.

[Jian_Liux]

I thought bitcoin was an asset but after I understand bitcoin further I think bitcoin is a very strong currency and can be said also as an asset because many people use bitcoin as an investment tool so in my opinion bitcoin is an asset And the currency

[Otsu]

Actually, bitcoin nowadays are consider as an asset especially to those who make this a good source of income and for those who would like to become a potential crypto investors. But in general, it is still a cryptocurrency that is used as the payments in a online transaction adopted by the blockchain technology.

[S.R Rikto]

Bitcoin is still a wealth, because the currency is widely used, and Bitcoin is hard to use in a big way right now, I hope to change everything in the lightning network.

[nebuch]

If bitcoin value won't come down to 10-500 dollars but it becomes growing and growing to the point it reach 100k. Then no doubt that bitcoin is worthy to be an asset. When the value becoming high to the peak of the all time high of new market history of promising coin bitcoin can't denied as an asset. Well, in the future I hope that government shouldn't interfere into crypto when declaring bitcoin as an asset. Hope that bitcoin in majority will remain as decentralized.

[voron84-05]

In this issue it all depends on what point of view you are looking at bitcoin. As a currency, it is a tool for those who use it as payment for goods and services. For example, for traders who trade them on stock exchanges in order to sell expensive and buy cheap, this is most likely not a currency but an asset.

[cryptokingdom]

What ever government want to call bitcoin is not our business provided our rules or regulation do not hinder us or cause harm to cryptocurrency market. We know what we use bitcoin for and we call it a digital currency.

[DoublerHunter]

It is indeed true that bitcoin is an asset right now and not a currency like the people want for bitcoin because they want to experience using it to pay different item purchasing online or even offline but bitcoin is just an asset where you will just invest your money and leave it there for the mean time and wait for the value of bitcoin to go up and sell it for profit.

[MMS2017]

Bitcoin is good inn every picture like if it is declared in south Korea that as a currency it is legalize and bitcoin is also an asset because if we can exchange it with other commodity so we can say that it is an asset and it attracts crypto users.

[pragna]

I will say its both. Worldwide it transfering from one hand to another hand as a currency as per. But when it got to a hand it like a asset to him. If he store it with highly secure, future is bright and there is no doubt here. So you may called it as a asset. As its price is moving up and down everybody saying it a currency; Nothing else.

[addeqt]

That is a great news, but you know. Bitcoin being recognized as a legal tender or legal form of currency is much better. As an asset, it could automatically be legal to trade it in major trading floors. That is what CME have done in the US. But if it could be recognized as a currency, people around Korea could use it as a payment for product or services. It could be mainstream as people in the country mostly pay using a mobile phone after scanning a QR code. Anyway, I hope that good news has reached other country and to follow the footstep done by Korea.

[avoxosuccesful]

They are stating that bitcoin is a money that is advanced which can use to purchase merchandise or administrations however what individuals truly do to bitcoin is utilizing it as an advantage for have the capacity to procure huge measure of benefit not as cash. An ever increasing number of individuals see that the universe of customary fund isn't great. Maybe BTC will be generally perceived the world over, which will be reflected in the vast exchanges volume. but at the end what yous see it as works for you

[wallycrypto]

yes, it is an asset because it can be converted to money or real cash in peoples hand which can even make them to have assets of their own in term of car , housing etc

[bnsdywoahg]

In my opinion Yes I agree bitcoin is an asset. consider  Bitcoin as valuable thing or an asset to people for they want Bitcoin. And we can call this as virtual  currency.

[19nataliya12]

Bitcoin certainly can be considered an asset, but in the first place it is a financial instrument serving as a currency. in any world-wide payment system, but in no case can you refuse from bitcoin as an asset and investment tool, it will bring you good deviants)