Bitcoin become an asset

[Nabobs Robi]

This can be a good asset container in the future but I would rather not invest all your money to Bitcoin.Technically bitcoin is gradually becoming an asset. An asset earns you more income and bitcoin is doing just that; giving people extra income. Some have extraordinary income from their store of bitcoins. Just like a house being given out as a rent, the prices of bitcoin may also increase as the years go by.

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[Gutenhans]

Bitcoin can't be used for buying a coffee and actually i'm not even interested in that kind of adoption. People needed something to save money into. No shitty fiat that loses value something like 30% in 10 years. talking about euro / usd because other country's do even worse. Bank can't multiply it so no " Debt Fabric " there. But the interesting part is that Bitcoin has value because we the people give it value. Banks and people with other interest are trying to put in our heads that Bitcoin it's a bad thing. They keep saying thing like..

Bitcoin mining uses so much electricity (i wanna know how much uses a ATM machine that is on 24 hour a day or the bank, and the people working for the bank how much gas do they use driving to work?)

Bitcoin will never get mass adoption (like i said above we don't need the "buy a coffee adoption" we actually need to get rid of the central banks and all this debt. That said the most bright minds of this planet are trying to solve this problem)

Bitcoin is not secure, see all the hacks!! (nobody got hacked EVER! when he had the coins in his wallet and only he got the private keys. Like nobody can open this door if you don't give him the key and people tried. LOTS of them)

Bitcoin has 0 value! ( Bitcoin is worth all the electricity cost and the machine required to mine it AT LEAST. the last weeks price was very close to the mining cost of large miners. Just like saying gold has 0 value or anything that is mined )

They keep saying these things because we started doing our own financial system with BITCOIN and in the future if a FIAT whale will want something from someone... like any kind of service from a restaurant to a car wash they will have to pay that man in a currency the the WORKER accepts. Even if they buy now a lot of bitcoin the world wealth will come to a better balance than 99%-1%. In time it will get even better because every time they want something from the working people they have to pay with something that can't be printed BTC . Differences between how much something cost and how much people earn in each country will get smaller and smaller because of one universal value BTC. Even when the media tried to talk only about bans and how bitcoin kills people the voice of the people (forums, gossip, independent media) was stronger than what the TV can tell people.

I would say to everybody CAREFUL with the altcoins. Right now new giants are born trough crypto things with capital so bit like Bayern/CocaCoca/Mossanto. Put your money on decentralized even if that means smaller profits. You are helping build another world, a better one. Why not promote businesses that we would love to have around in this perfect future?!  Imagine if a juice was modified to be healthier instead of to make you dependent on it. Or a medicine that will really cure you instead of making you more sicker and in need of more medicine. That's what i mean when i say better with less profits but a sustainable product

Yes i'm in bitcoin for the technology and the profits and the freedom! will never sell my bitcoin but i will buy things from other people with it.

Lot's of Love to everyone who is in this!

[ikiscream]

which is in my mind bitcoin is an asset that can be made in currency, but bitcoin can be used as our source and income because bitcoin is an asset in the short and long term depending on when the holder will sell their bitcoin

[hamdun]

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 better used as an asset because it can provide benefits because the value of bitcoin continues to grow. Bitcoin has not been fully used as a currency because it has not been recognized by the government.

[junglist.massive]

It’s a good news if we want to do altcoin transaction we already have easy access and not illegal anymore. Bitcoin will gradually be acknowledged by many countries and maybe bitcoin in the future will be the easy online currency to accept for transactions.

[joinfree]

The fact that bitcoin is considered as an asset is not true at all, but most people think that it is something like that, or just a commoditie. They just need to stop seeing it by this way, otherwise, they all will be looking at bitcoin for money reasons only

[Losiana]

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 that bitcoin is not an asset as it does not generate cash flows. But I can't perceive bitcoin as a digital currency because I can't pay for the purchase of goods with bitcoin.

[Veronicavn1875]

A property gives you more income and bitcoin is doing it; Give people extra income. Yes, with the ETF approved bitcoin the coin can actually become an asset. But it seems that a really bad property cause it could be a buffer for bitcoin being bigger and bigger.

[cryptonewsID]

Bitcoin is high value currency and more and more increased in future when will sell so its price high so it become like asset so bitcoin is a asset.

it is true that bitcoin is an asset for bitcoin users, since bitcoin is not just as digital money as a tool to transact,

this form of profitable assets and investment and the future bitcoin will be very valuable and high value.

[DisWhale]

Bitcoin - i call it the multi-featured invention of our time. It is regarded by investors as a currency, an asset, digital gold etc. Bitcoin as originally created to harness and enhance payment methods online and due to its volatility nature, investors seized the opportunity to make huge profit gains during the sessions of rise and fall in prices.

[Fretcy]

  With the coming up of cryptocurrency the world has changed a lot and Bitcoin has became the powerful cryptocurrency . Bitcoin has become an asset in this modern world we can find the growth of Bitcoin and its developments day by day.Bitcoin is too expensive and its price fluctuates it is easy to transact and it is inexpensive since it is a digital decentralized currency it is transacted all over the globe without going to exchange the currency to their countries currency.

[rye18]

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.

For me, bitcoin is a digital currency with a triple purpose aside from investment, an asset it can be used also as payment on some transactions but the good thing is while being an asset it can be use also as investment and the value keeps on increasing depending on the market movement.

[mastery.jimmy]

for me, Bitcoin is becoming valuable asset and it con bring unstoppable profits to our life

[Khanhdzai]

I think Bitcoin is a kind of asset. It is traded with dollars as well as with altcoin. It is almost gold-like.

[idoadler]

I think the truth is in the middle, from behavior side, it behaves more like a share, a property rather than currency, people appear to speculate and trade it rather than use it mainly as form of payment, I think bitcoins failed to act as currency, I hope that future crypto currencies and the people who use them will help this perception to change.

ICO is similar is some way to IPO or Crowd funding and even VC investment where you get company share, so overall I agree with the Koreans at this time.

[javascript1539]

Bitcoin has become a fortune in this modern world, we can find Bitcoin's growth and its day-to-day growth on the globe without having to convert currencies into their national currencies. . It is considered by investors to be the currency, assets, digital gold, etc., originally created to exploit and enhance online payment methods and the nature of its volatility. Private companies have seized the opportunity to earn huge profits in the up and down price.

[pujarihema]

Bitcoin is not an asset. Bitcoin is a decentralised and digital currency.
The bitcoins are used for the transaction of money. They can be used for transactions and payment of bills.

[cryptoaro]

The value of most things is derived from how much energy humans have to put in to obtain it.Bitcoin is an asset. It’s value comes from it’s scarcity who in turn is derived from the incredible amounts of energy that are required to mine bitcoin.Bitcoin now consumes about 0.13% of the worlds energy. That is 1 out of 1000 Watts of energy goes to bitcoin.These countries consume less energy than the global bitcoin energy consumption.

[anything9ce]

Bitcoin is the kings coin, the top coin in the market. bitcoin is viewed as a feasible resource asset. this is a decent open door for new financial specialists to enter, and take an interest in the computerized showcase trading.and bitcoin can be utilized to purchase products or administrations however what individuals really do with bitcoin is utilizing it as an advantage for create tremendous benefits, not as money.

[enwi]

I think bitcoin can be an asset for the future because by investing in bitcoin then the investment will be a profitable asset and will be a future savings and can have a price that will continue to grow