Bitcoin become an asset

[glongsword]

The Federal Reserve Bank of St. Louis published a document entitled "A Brief Introduction to the World of Crypto-Currency", in which he optimistically described the prospects for digital currencies and blocking. in particular, they believe that crypto assets like bitcoin will become an independent class of assets and become an interesting tool for investment.

[Exchge]

I agree with your assumption that bitcoin is the digital currency is not an asset. and when bitcoin is widespread to all corners of the country and all countries use bitcoin. then the bitcoin asset form can not ter terlel too.

[denzkilim]

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.

You have point on what you are saying but for me Bitcoin as an asset is much better term for this technology because of its nature of being volatile. Who knows maybe in the future this kind of term for now will change.

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.

Hey bro do you have any links about this decision of facebook on crypto currency advertisements? Anyways that's good news for the crypto currency community and for those on going ICO (Initial Coin Offering) to boost up their advertisements and marketing strategies on social media sites like facebook. I think facebook realize that it is a bad idea to ban every crypto currency advertisement on their platform and I have read from some blog that facebook will make their own crypto currency. 

[louis sean]

I think bitcoin is a valuable resource.Because, bitcoin is one of the things to earn a lot of money.Even it's a strong currency.But this wealth is not a permanent asset.This is an ongoing process.Because, it is always changing.

[Randolf007]

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.

bitcoin for now is an asset, until the time has not been set. because bitcoin is no different from gold, and gold is said to be an asset.
if bitcoin for payment, then in the real world we can buy a pack of cigarettes using bitcoin, in fact can not.?
therefore bitcoin is said to be an asset for the moment.

[indah333]

maybe Bitcoin is just the current currency, which has great potential for growth. This or let me say demand, will make it more valuable and it will turn Bitcoin into an asset that everyone will demand, as well as maximum or limit supply is the key point to push it over Bitcoin's value is much higher

[Gyromancer]

Indeed bitcoin has a function as an investment asset and as a means of payment. But what is more visible is the function of bitcoin as an asset rather than a means of payment. With a small amount of bitcoin, only 21 million coins make bitcoin less than the maximum in running the transaction wheel. Bitcoin even almost lost its function as a means of payment. Bitcoin is easy to use for inter-country transactions, especially for large transactions, but bitcoin is less convenient to use as a means of payment of everyday transactions. More countries are banning bitcoin so bitcoin can not be used openly and freely. It is currently that bitcoin is more suitable for assets that can be stored so that within a certain period can get big profits.

[pathapoddo]

Basically bitcoin is a currency. If you use it for selling and buying it will be currency. But if you save it in your wallet for so many days then it will be asset for you.

[pankowri]

Yes,Bitcoin is an asset and its price is huge and it will increase soon.It will better to buy some Btc and hold this for a long time.Because btc price will hit $20K in this year hopefully.So,try to do this for earning more.

[yesyes18]

I still think bitcoin is an asset, and it's hard to call it currency.
Because currency is going to be widely used, and bitcoin is hard to use on a large scale right now, I expect the lightning network to change everything.

I also side with you. Currently it seems it's being considered an asset rather than a currency because of how unfriendly the governments have become towards crypto. Also, one other interesting factor is that Bitcoin is able to perform the functions of a currency. Well, the debate is still on!!

[priyanjana]

Yes, bitcoin is assert. It is most suitable assert for future. But the fiat value of bitcoin may fluctuate but it values day by day ongoing up. Because We only have 21 million for the whole system.Can't generate again. If you could buy Bitcoin in lower level such as this month price, definitely you will get high return profit than dan any other solid investment. It is better to invest some money, that you are willing user

[Tan_avia)vl.]

And why don't you want to assume that Bitcoin can be both an asset and a currency at the same time? After all, what is the difference in principle, how will it be perceived, his government will develop it?

[jakoylantern]

For me, bitcoin is now becoming an asset regarding income. We all know that bitcoin’s value is still expensive even its cost plummet if you compared its amount last year or last December. But bitcoin is still an asset especially when you profit a massive amount of money like to those people who became a wealthy person with the support or help of bitcoin and another cryptocurrency.

[South Park]

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

Mistake, you think of gold as an asset because you have been deceived, gold is money and nothing more, it is just gold has been divorced from its function for a very long time and people no longer remember an economy based on gold this is what those that said that bitcoin is digital gold really mean, they mean that bitcoin is good enough to be compared to the main form of money that dominated the world economy for thousands of years.

[intermezzo]

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.

in my country, bitcoin is also prohibited for currency as a means of payment for violating existing law, bitcoin should only be used as an investment such as gold, much debate in many countries, bitcoin is not acceptable as currency, bitcoin is currently not legally recognized in my country

[hastang]

Bitcoin can be labeled as both currency and asset. It has a value so therefore this two term can be use at the same time. Bitcoin is now becoming valuable to everyone and a very good form of investment that can be use in so many transactions.

[DoublerHunter]

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

Mistake, you think of gold as an asset because you have been deceived, gold is money and nothing more, it is just gold has been divorced from its function for a very long time and people no longer remember an economy based on gold this is what those that said that bitcoin is digital gold really mean, they mean that bitcoin is good enough to be compared to the main form of money that dominated the world economy for thousands of years.

Gold is not a money, gold is an asset if we will base it to that is the use of gold right now. Gold is being purchased as a bar, a jewelry and so on. Those types of gold can be putted into a safe storage where they can just keep storing their gold pieces and when the price of gold goes up then they can just sell it and take the money and their profit from it.

[Indra32]

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.

I believe that the asset is safe if it has initial protection against the fall, which in my opinion, bitcoin will not be there any time soon. Therefore, we can hardly call now bitcoin as an asset.
Bitcoin has many unique risks to its basic technology, so crypto currency is suitable for investors who understand it well.

[Gummybear67]

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.

[/quote
You got the point there. Why call it an asset. If it should be more than that, its a digital currency and hopefully to future years it will become a currency not an asset. This is a good news because they recognized btc but not enough since we all know that bitcoin is more than being an asset.

[South Park]

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

Mistake, you think of gold as an asset because you have been deceived, gold is money and nothing more, it is just gold has been divorced from its function for a very long time and people no longer remember an economy based on gold this is what those that said that bitcoin is digital gold really mean, they mean that bitcoin is good enough to be compared to the main form of money that dominated the world economy for thousands of years.

Gold is not a money, gold is an asset if we will base it to that is the use of gold right now. Gold is being purchased as a bar, a jewelry and so on. Those types of gold can be putted into a safe storage where they can just keep storing their gold pieces and when the price of gold goes up then they can just sell it and take the money and their profit from it.

No, gold is money the fact people think of it as only an asset is precisely what I am talking about, yes the use of gold right now is mostly as an asset but that is because governments did everything to divorce gold from paper money, they did this in several steps for decades, but when the fiat system finally collapses, and it will collapse, there will be a demand to go back to gold.