Bitcoin become an asset

[rukawa101]

I think it being considered an asset is a big help for crypto users. And whether or not it's a currency or an asset? Well, it's a cryptocurrency used in cryptomarket, imo for it to be considered a real currecny it's something we can use in variety of ways, like going to any grocery and paying with btc.

[fishxrboi]

Great news for S. Korea to recognize it as an asset, I think it will invite more investors and we'd see change in the market.

Though I disagree about it being a currency, because currency should generally accepted or in use, and with regards to bitcoin's use and volatility of the market I'd say it's an asset, something owned by a person or company, regarded as having value.

[riskarcher]

and even then it is common knowledge if Bitcoin is just a digital asset, maybe only ERC 20 is compactible to be digital currency because it can still be controlled by commercial companies and by the country, unlike the Bitcoin is still anymous. Many altcoins are used to use plattform blockchain as legal payments

[jak3]

It really depends on you that how you take Bitcoin as. You can think about this as an asset or as a currency. But it was not designed for any of this it was just another payment method like Paypal and other online wallets out there. Bitcoin provides a lot of features which our government does not provide another bank cannot provide for the next 10 years. I take Bitcoin as currency because it has helped me a lot, but for someone, It is a good investment so they take it as an asset everyone can have their own opinion and point of you upon this.

[dimiinx]

and even then it is common knowledge if Bitcoin is just a digital asset, maybe only ERC 20 is compactible to be digital currency because it can still be controlled by commercial companies and by the country, unlike the Bitcoin is still anymous. Many altcoins are used to use plattform blockchain as legal payments

[s.mahmood]

Of course bitcoin is an assets becouse we invest our capital into bitcoin and make profit.Many peoples who invest their money into bitcoin and they became rich. Bitcoin gives them financial freedom. So we can say bitcoin is an assets.

[gbsray]

After substantially improving the efficiency of bitcoin trading, bitcoin can become a currency in the full sense.

Bitcoin is still constrained by the speed of transactions to become currency. But, I believe. If the problem has been resolved, it is very likely that bitcoin will be used as currency

[Renampun]

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 very good news, Bitcoin has started to get recognition by the Korean government even though only limited assets, I hope this is the opening path so that the price of Bitcoin can go up...

[Ucy]

Is this a good thing?
  The  investment will probably end up on Centralized Platforms and we continue losing much of Crypto to such platforms
Not good in the long run.

By the way, it shouldn't matter what they call Bitcoin as long as we remain decentralized.

[luckybit1]

Bitcoin is an asset.Bitcoin will be widely used in the near future.bitcoin is a future and long term investment by many people all over the world.

[queenlaurel]

Bitcoin is an asset to me and a type of currency. It being an asset is because it can be stored or hodl and in future be sold to get good profit. Also as a currency to make transaction for buying and selling on internet and online.

[The Cryptologist]

It's okay if the koreans declared it as an asset because bitcoin is really not suitable to be used in day to day transactions. I don't really mind also if other countries followed it because there are so many altcoins out there who can fit the description that can be used as a currencies.

[anume123]

Bitcoin makes scammers an asset even easier to send money to other countries and the transaction is so fast that most scammers also use bitcoin lots of using in social media.

[kyle999]

Bitcoin also makes asset to online shops because it also uses a lot of people when they buy the product of their purchase I think this is just the way to speed up the transaction in distant places.

[v3liana]

Bitcoin could be asset and could be a currency that what i believe bitcoin is, the point is bitcoin does has a value and using bitcoin is similar like using a fiat money but the different is only in the fluctuation and its intangible. As long as bitcoin is a live and keep developing, bitcoin as asset or currency is not really a matter.

[popsywura]

Any valuable things that can easily be hold and later converted to cash is qualified to be called an assets. Bitcoin is assets because it can be converted to physical cash and build on.

[Manarfie.asrf]

yes I think even in some countries bitcoin is legal but bitcoin so far is still an asset only, because the still-rejecting countries are still afraid if bitcoin can replace their currency as a means of exchange of course, the current bitcoin is the same as gold and metal other noble ones, which are considered to be assets that can be used for transactions 

[airdrophunter]

Bitcoin is an asset to me and a type of currency. It being an asset is because it can be stored or hodl and in future be sold to get good profit. Also as a currency to make transaction for buying and selling on internet and online.

Bitcoin as an investment is already an asset where you can keep it for future purposes because the longer you hold it, the bigger your return of investment will be. The only difference of bitcoin as an asset to other assets that you can have is that bitcoin's value will change regularly from time to time because its value depends on the demand of people.

[TobyToby6000]

I like to use bitcoin as a regular currency rather than assets. Of course, i also do savings but i still conceder it an currency. This is a digital currency but the use of bitcoin as a method of payment is really limited both online and offline and many also buy bitcoins for a trade or hold as their primary goal.

[akihiro101117]

It depends to the situation and your perspective. Bitcoin can be your asset if you are knowledgable how to manage your tradings. It called asset because sometimes we hold our bitcoin to gain more profit.