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pushups44
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July 01, 2018, 12:21:28 AM |
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I think bitcoin is both an asset and a currency. What some people who see it merely as digital gold are failing to take into account is that once the Lightning Network is fully rolled out, microtransactions with bitcoin will once again be possible.
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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1camtron
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Activity: 22
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July 01, 2018, 12:22:09 AM |
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Everything you have that have value is considered to be an asset, like gold ,real estate, vehicles, and others with values, bitcoin is considered to be an asset because it has value ,even if it can not be seen in physical form but only in the digital but it is still considered to be an asset because of its value.
I don't think so, in some country , bitcoin and cryptocurrencies aren't counted as a legal asset like gold, real estate as you said so that means things will become awkward for sure. |
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royalbittinz
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July 01, 2018, 12:24:37 AM |
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Bitcoin is a good investment and will always be. I love it because it gives you the flexibility to access it any where around the world without
carrying load cash around without even knowing, and you don't need to be charge for tax for whatsoever. And as bitcoin gains popularity it's demand will keep increasing and thereby making more people HODLING it as an asset.
Though in the financial world government see it as a risky investment and don't consider it a asset but in the crypto world this is a hugh asset that anyone would love to have and hold onto.
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Nurul_
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July 01, 2018, 12:27:01 AM |
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that's right. even that make unique bitcon we can inherit to the family. and can Kii use to buy something we want either in the real world or digital.
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DoublerHunter
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July 01, 2018, 01:35:33 AM |
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I think bitcoin is both an asset and a currency. What some people who see it merely as digital gold are failing to take into account is that once the Lightning Network is fully rolled out, microtransactions with bitcoin will once again be possible.
It is indeed a currency and an asset but bitcoin cannot play both role because currency means that it is being used as a mode of payment while bitcoin is just being use as an asset because it doesn't have the reliable network and the fast speed of transaction that the people are expecting for a cryptocurrency to be used as a currency. |
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1camtron
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July 01, 2018, 10:55:51 AM |
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I think bitcoin is both an asset and a currency. What some people who see it merely as digital gold are failing to take into account is that once the Lightning Network is fully rolled out, microtransactions with bitcoin will once again be possible.
It is indeed a currency and an asset but bitcoin cannot play both role because currency means that it is being used as a mode of payment while bitcoin is just being use as an asset because it doesn't have the reliable network and the fast speed of transaction that the people are expecting for a cryptocurrency to be used as a currency. The main purpose of bitcoin is to become a currency but people just discover it still can be an asset also, so they just simply do it. |
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renggileh
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July 01, 2018, 11:14:23 AM |
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In countries where bitcoin is recognized as a digital asset, there will be no problems with its spread and introduction of blockchain technology. In those countries where bitcoin continues to be considered as a currency, the problems will be much more due to the specific currency legislation.
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Cutieh01
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July 01, 2018, 11:17:19 AM |
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that's right. even that make unique bitcon we can inherit to the family. and can Kii use to buy something we want either in the real world or digital.
For me I can consider Bitcoin as an assets although it is digital but then it is a store of value. To think that having Bitcoin can make your future secured. |
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CryptoSmile
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July 01, 2018, 11:50:03 AM |
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Most people would say bitcoin is a crypto currency, because I also say it like that, but right now it's with its bitcoin power that has a pretty broad influence where the presence of bitcoin has been recognized by the whole world, besides the level of confidence in bitcoin is very high which causes a lot people want to invest bitcoin.Until today I can say that by looking at it all then the bitcoin today is a crypto currency that can be used as an asset, really extraordinary influence and bitcoin strength that can be used as an asset.
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MFahad
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July 01, 2018, 01:09:03 PM |
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Bitcoin is a digital asset because it is something that has value and something that we can own. But as a currency, We cannot say that for now since it is not yet legally accepted as a currency that we can align with a dollar or any other currency.
I am agree with you, that bitcoin is asset but it is digital asset, and it is because when we convert our bitcoin into USD then it become our money, So if we say bitcoin is our asset of digital money then we are right. |
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cryptostardom
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July 01, 2018, 11:20:28 PM |
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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 contributes to the wealth of a person. Wealth is a valuable entity that is classified as part of a persons assets. So I think Bitcoin should be classified as an asset. It doesn't matter if its digital or virtual |
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tatum506
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Activity: 311
Merit: 10
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July 01, 2018, 11:24:14 PM |
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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 we should not consider bitcoin as an asset, I believe that in practice, the value of bitcoin is very low, not worth a penny. All we see and do is virtual and you can not be sure of anything. It is not possible to compare Bitcoin with gold or other assets, bitcoin is bitcoin and the bitcoin value that you are trading is virtual. |
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atetess
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Activity: 305
Merit: 10
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July 01, 2018, 11:28:44 PM |
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Bitcoin is a currency but some people consider it as an asset, i consider it as an asset too. I believe that btc value is something that we need to consider as an asset because we own it and even if it is a currency it has its own value that can be converted into cash
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CryptoLoverz
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July 01, 2018, 11:31:40 PM |
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I think technically bitcoin is not an asset. Bitcoin is purposely made into a currency for the future, aimed at facilitating someone as a cashless activity in 2009, as time goes by bitcoin speeding up and many people are using it and buying to invest with bitcoin. probably because of the large number of people who make long-term investments and they expect the profits from those investments. they consider that bitcoin as a profit-making asset. so it's only natural that some people say that bitcoin is called an asset for the future.
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MiningSensei
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July 01, 2018, 11:35:53 PM |
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Indeeed, i am more than tired about all those guys who consider bitcoin as an investment or as a form of an asset, it makes no sense at all and it was not the main purpose of it's creation
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Hello
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Bitcoinnumberone
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Activity: 364
Merit: 10
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July 01, 2018, 11:49:46 PM |
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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. It's possible that bitcoin can be asset we know that bitcoin break the record the increase of BTC last year is so high. But i think in other countries cannot understand that because of lack knowledge about bitcoin his versitality but bitcoin creates to transact money let us see for the near future of Bitcoin. |
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jobel
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July 02, 2018, 12:06:06 AM |
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For me yes... Is an asset for us because bitcoin, use by many people as a good work. Bitcoin, really can help by many people all over the world.
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aryaadikariyansyahsuwarto
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This Is Promissing Project
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July 02, 2018, 12:37:17 AM |
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before we jump into the world of bitcoin, we must have known that bitcoin is an asset for a promising investment in the future ..!
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skibikipapa69
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July 02, 2018, 12:42:35 AM |
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Despite bitcoins main purpose and goal which is to become a decentralized currency, people treat it as an asset because of its high price and value. People instead of using it as a currency they instead started to treat it as an investment. Although I believe that in the end bitcoin will revert into its original purpose one day.
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MikeEhan
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July 02, 2018, 12:46:09 AM |
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I always wanted Bitcoin to remain an asset, because it suits my beliefs, because if bitcoin is a currency, eat according to my belief, we are prohibited from trading with bitcoin.
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