solarisexodus
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July 03, 2018, 03:39:45 PM |
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By definition based on (IAS) international accounting standards during my accounting class, if I have not been mistaken from its definition; "asset is an economic resource that gives inflow for the benefits of users/firms". In mere definition, Bitcoin is an asset. As an investors/traders, we used bitcoin to create profits; thus, creating an inflow towards us. As to its tangibility, bitcoin is considered as short-term investment belongs to the current asset section but not as fixed asset... Accounting community such as the IFRS(International Financial Reporting Standards) are trying to develop accounting procedures to analyze, monitor, and record its transaction.
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_CryptoBrain
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July 03, 2018, 03:47:53 PM |
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In this world everything is possible, but you will be very risky with your money trying to make 10% profit every day. Better not set yourself such a task.
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Jayleon
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July 03, 2018, 04:02:58 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. Although Bitcoin is a currency it could be seen that holding Bitcoin is proven to be very profitable. This shows how valuable it is. So even though it is a currency, it could be an asset because of its value. |
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Tiktik
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July 03, 2018, 04:03:20 PM |
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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.
I agree, If we hold bitcoin for long and we used it for the future we can considered it as an asset and different people different point of view, So we believe what we believe. |
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wahyu5
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July 03, 2018, 04:04:28 PM |
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If bitcoin is used as an asset, then this shows how much bitcoin strength is so not only as a crypto currency, but also used as an asset. Apparently despite a lot of negative news about bitcoin, it all does not make the bitcoin weak.
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Ghondronk
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July 03, 2018, 04:08:05 PM |
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I would rather see the bitcoin as a highly volatile asset compared to the fixed and the movable assets what we own right now. As the volatility increases, the associated risk also gets increased and that is resulted by the unpredictable nature of the cryptocurrency market itself.
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Ziomuro27
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July 03, 2018, 04:23:24 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. On my opinion, bitcoin can be use for easy transaction of money, as acurrency and it can be an asset, this is a good news that more people are investing to there digital wallet. It shows that the more investors come the greater the rate that bitcoin currency is improving. As a users here in bitcoin talk forum I also investing at my digital wallet, by joining a bounty campagne, I can earn bitcoin which I convert it to a fiat and I use it as a n asset to buy my own needs. I think that it depend on a person how he will manage his bitcoin. |
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Randolf007
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Adonx.one
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July 03, 2018, 04:34:56 PM |
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true but for now, bitcoin is still used as an asset, because bitcoin can be said to be gold. which can be bought when the price is cheap, and sold when expensive.
if bitcoin has become a currency, there is no such thing as investment, but it can be used to buy something in real life.
but for now bitcoin still can not for purchase terms. therefore in say assets.
sorry that's my opinion.
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Randolf007
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Adonx.one
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July 03, 2018, 04:43:37 PM |
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Bitcoin is still an asset for now. it needs to be more stable first before can be recognized as a currency.
I agree with you, bitcoin still can not be used as a medium of exchange in the real world, because it is still not stable. therefore bitcoin is said to be an asset, like gold, which can be bought when it is cheap, and sold when it is expensive. that's the bitcoin for now, hopefully the bitcoin will be even better. |
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josephpogi
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July 03, 2018, 05:01:07 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 agree with you. It is an asset now. Day by day price is rising in huge amount. If anyone wants to make huge profit from this asset, this is the best time for buying. Hopefully after some days, it will be most powerful asset. |
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Mazda17
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July 03, 2018, 05:08:57 PM |
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very good if bitcoin is an asset, moreover we can teach to child and grandchild it is very extraordinary, bitcoin I hope will be much better and can exist until the future.
I support your opinion I like your opinion. I agree if bitcoin is an asset because every income or profit we can keep it as a future asset, let alone we can teach it on our offspring it is very extraordinary so in the future I hope much better and can exist until the future. |
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rickn
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July 03, 2018, 05:13:27 PM |
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I've always had the idea that bitcoin is a valuable asset and not a currency. The ways to be recognized as an asset are far simpler than being considered as a currency, something that strong governments will never allow.
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Roy11
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July 03, 2018, 05:19:43 PM |
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true, bitcoin is an asset, because it can be stored and invested in the short and long term.
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freetokens
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July 03, 2018, 05:49:19 PM |
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bitcoin is said to be digital gold by many investors as of now bitcoin is considered to be a future asset it is better to hold for the long-term
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hahay
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July 03, 2018, 06:40:53 PM |
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Yes bitcoin can actually be said to be an asset because bitcoin has a very good value if it is hold for a long time, and bitcoin will run out after being mined and will be a rare thought to me in the future. So with the scarcity of the future, then it is worth to hold because it is very likely to have a very high value in the future.
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mdzahed134
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July 03, 2018, 06:58:44 PM |
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First of all you know that Bitcoin is a just digital currency.But i believe BTC is huge successful currency over the whole world even it rapidly popular day by day.It's more importance for our life & totally changed our lifestyle.So,you can consider BTC is valuable asset.
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dolon_r12
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July 03, 2018, 07:03:47 PM |
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Bitcoin become an asset Bitcoin can bedependent ona person because Bitcoin works to earn a lot of money,bit coin. businessman can earn a lot of low, cost at a good low cost,Bitcoin can be imagined to change the fate of a person, Bitcoin earns money by doing some good work.
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thefatman82
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July 03, 2018, 08:22:11 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. Day-to-day it is feeling closer to take place in real history that every country in the world would allow the cryptocurrency usage on their territory, because I am hearing more and more often about that. |
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hoosen
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July 03, 2018, 09:22:37 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've heard that Facebook cancelled they are decision about banning cryptocurrencies advertisements, so probably the same way the countries which banned already bitcoin can cancel their decision, by considering it as a worthy and good thing. |
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kangkilokang
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Revolutionizing Crypto Payment Solutions
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July 03, 2018, 09:57:12 PM |
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I think bitcoin is an asset, but bitcoin currency is a very strong currency so we can say bitcoin is a currency and a huge asset that evaporates every time. Maybe btc will be widely known all over the world, which will be reflected in large transaction volumes. Furthermore, bitcoin can be a widely used global digital currency.
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