Bitcoin become an asset

[millytr]

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.

It's not right at all, what about real estate and gold, they're selling and buying them and that means they're trading them also.
I don't know why we're prohibited from trading Bitcoin if it becomes an asset.

[IndigoRed]

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

I'm interested to know what you think the main purpose of bitcoin's creation is. While I do agree with the previous posts that bitcoin is an asset, I also think that simply, it is the future of payment and it will fuel a future that is highly digital. I think we will have a virtual currency, we will depend on blockchain and technologies such as virtual and augmented realities will thrive. I also think hackers and scams can be avoided, with help from security measures such as iris scans. What do you think?

[iotarocket]

I believe bitcoin is both a currency and an asset. Due to transaction delays from network congestion in the latter part of 2017, it was increasingly regarded as digital gold due to its scarcity. As the Lightning Network gets deployed, we will see it used as both a currency and store of value.

[MrCrank]

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's crypto currency only.
But for one it's currency, for other it's asset.
In any case this is good news.

[tonyja2017]

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 Bitcoin is just a money transfer tool and we can invest to make money from it. But it will not be considered a coin because it has so many disadvantages. Limited supply, unstable, Crypto market is always in a state of manipulation. So Bitcoin will not be eligible to become a widely used currency.

[Kia mono]

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. 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.

[komatovo]

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.

Digital currencies like bitcoin could become subject to capital gains tax. While this may be unwelcome news to many in the digital currency community, it is not likely to be particularly surprising. After all, countries are more and more likely to classify cryptocurrencies as assets at this stage.

[HMApro]

More and more people see that the traditional financial world is not perfect. Perhaps BTC will be widely known around the world, which will be reflected in large transaction volumes.

[tazman]

Bitcoin cannot be viewed as an asset in my country(India) because it has blocked bitcoin. I do not know when this situation will change. I read Bitcoin's legalization in South Korea. Bitcoin become an asset in Bitcoin approved countries.

[angrynerd88]

For me Bitcoin is an asset and currency at same time,If we look on definition of an asset is the resource owned by individual or company.Bitcoin pertain in type of current asset which easily can convertible in cash.Most of countries Bitcoin is used as medium of exchange and vendors accept or as currency so i think its a beauty and uniqueness of Bitcoin which is beneficial for all.

[jessequick]

an important role is played by the beginning of the summer period, which is traditionally the least active. In general, in our opinion, this is a normal state. I expect the resumption of bitcoin growth from August

[Jordens]

Yes bitcoin as a currency is more liquid and more valuable than an asset. But, if the state legalizes bitcoin, then I do not see much difference, it will be a definite plus for the further development of bitcoin both as an asset and as a currency.

[fulled]

Yap for me bitcoin and altcoins is an asset, for me holding cryptocurrency is similar to holding shares from blue chip company, but for crypto in general we dont get deviden for holding like holding share, but otherways we can get much more gain on capital gain than holding shares, for now my portpolio is 70% shares (only blue chip) and 30% on crypto, i hope i can retire 11 years later when im 35yo with this investment combination

[taiyob]

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 type of asset I think. Bitcoin is a future currency. Besides, we understand the wealth from which we get the profit in the future. Bitcoin is a project from which we get profits. There are many people who buy Bitcoin if the price of Bitcoin decreases, and sells if the price increases. The difference between this purchase price and selling price is the profit. So I think Bitcoin is an asset.

[cryptofeel]

Whatever we believe,, the bitcoin has a dual nature and we must accord it such properties and usage. The bitcoin is both a property and an asset and it must be used in such medium. The south korean country is doing well in pioneering and leading the breakthroughs and frontiers in crypto

[cetald]

Bitcoin was planned as a currency. But the reality is that it functions like gold. And gold is an asset. Therefore bitcoin is also considered an asset.

[fbtdarkhorse]

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

You correctly reflect, because bitcoin, if it becomes a publicly accepted currency, will at least be used by people who need bitcoin.

[bncbnc]

Bitcoin was planned as a currency. But the reality is that it functions like gold. And gold is an asset. Therefore bitcoin is also considered an asset.

We can consider bitcoin both gold as well as assets, bitcoin can not only be use for investment, but we can also use it for online shopping and so many other purposes, even bigger companies have started accepting bitcoin for their payment purposes, therefore i think that we can say that bitcoin is not only bitcoin but aw well as a crypto currency.

[chetanvineeta]

If you consider it a currency and it is not a good one because its value/price is not constant or say price volatility is there plus manipulations too. So I think its better as an asset.

[armchair-84]

undoubtedly, bitcoin stays as an asset and currency simultaneously and its brilliance is that we can use it always in different ways