Bitcoin become an asset

[coinnumber]

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.

To my understanding bitcoin is the highest digital currency and its mostly used for investment in the crypto world. In the other way round bitcoin is not used like the fiat currency because of it high value and the holders I holding it to get more profit, Hence it becomes an asset in this way and currency in terms of investments and transactions.

[kemonojim]

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.

This is good news for Bitcoin, I believe with the legalization of the government I think more investors will come to invest in Bitcoin. For now bitcoin is still popularly used as an asset or future investment by most people, and few use bitcoin as a legitimate transaction tool, as not all countries legalize Bitcoin.

[1van__]

this is complete nonsense! bitcoin is not an asset, as it can not generate cash flows for its holders !!!

[cryptofeel]

With the way crypto currency is going, it is set to take the world and radically revolutionize the way we do business. The ancient walls of traditional, monopolistic banking will eventually crumble before bitcoin and crypto.

[kouba01]

G-20 Classifies Bitcoin as an Asset..These countries appear to be moving toward a consensus that cryptocurrencies may not be currencies at all but rather that it might make more sense to consider them as assets.

[Falmera]

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 when bitcoin will be legalize in a country, the effect or the consequence is dependent on who and how good the government leaders are. And I think bitcoin can be both asset and a currency. It is just more or less like the fiat.

[PalindromemordnilaP]

Bitcoin is already an asset but unlike to other assets that you can have, it's digital and is also risky because of its volatility in its value. If you can keep bitcoin in a long time, you can really see how its market value grows and that's also the very reason why i am holding my bitcoin for long term now.

[Jundel2018]

this is complete nonsense! bitcoin is not an asset, as it can not generate cash flows for its holders !!!

Bitcoin is both an asset and as a currency but bitcoin really become an asset rather than a currency. For thats how it is popular to people being used as an asset rather than used as payments though there are some people who used bitcoin as payment with the goods they bought.

[mmo4me.2016]

Bitcoin can not replace cash! Bitcoin can only become popular and widely used and can be recognized as an asset!
But bitcoin needs to be more stable and easy to use so that it can be accepted at payment points!

[cunese]

Not only is the BTC part of the asset, eth is also defined as part of the asset. Good encryption becomes part of the asset in the long run.

[Project xupporter]

Bitcoin will rather become an asset than the currency most of early adopters want, the price of BTC is becoming more than what is affordable, and the more the BTC price, the more the transaction fee. This alone qualifies it better as an asset than just a currency

[muhammedb]

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.

Your point are interesting but I think bitcoin is planning the role of both currency and asset, because as far as bitcoin are been used for exchange and transactions it a currency but in the other hand bitcoin still play the role of asset because most people do buy and hold bitcoin for future use so doing this is already an asset and I don't think it have any infect.

[paulparkker]

I think bitcoin is asset but not a fixed asset and if i say in other way its investment which give you option to increase your money in coming future.

[daoquanghuan]

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.

From my personal point of view, Bitcoin is not an asset because it does not generate cash flows when standing independently from its holders (until you sell it). I think that Bitcoin is a currency, but it's not perfect, to the extent that it's just as restrictive as an intermediate trade and it's too volatile to be a form of storage value.

[basyang]

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.

huh? In my  own opinion, Asset is something you own or valuable thing you own. So I am confuse why bitcoin is not an asset if you have a bitcoin? And yes bitcoin is currency and asset, for me if you have bitcoin then you have it as your asset, Currency because bitcoin is a type of currency and all of currency is used for trading and transaction which is buying and selling bitcoin are transactions.

[Hua cuong]

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.

[DoublerHunter]

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.

huh? In my  own opinion, Asset is something you own or valuable thing you own. So I am confuse why bitcoin is not an asset if you have a bitcoin? And yes bitcoin is currency and asset, for me if you have bitcoin then you have it as your asset, Currency because bitcoin is a type of currency and all of currency is used for trading and transaction which is buying and selling bitcoin are transactions.

Asset is a type of thing, property or an item or a virtual item that brings your money. It is the type of item that give money to your pocket and that is why bitcoin is also an asset. Even though bitcoin is volatile, it is still an asset because in the past few years we saw how bitcoin climbed up to the top from the bottom which is a good thing because it might happen again.

[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.

A good opinion and I hear your opinion.
What you said is true that bitcoin may change hands in a short time but I think it all depends on who holds it to what extent they can hold bitcoin so that the new bitcoin can change hands.
I personally think bitcoin is the source of our opinion all and also bitcoin is a valuable asset that must be in sympathy until we need new we remove.

[gasparyu]

Bitcoin is still an asset for now. it needs to be more stable first before can be recognized as a currency.

[Hitesh shaveta ohri]

I think bitcoin is an asset to everyone because with the passage of time its value increases and become profitable.