Bitcoin become an asset

[OrangeII]

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.

bitcoin I think is more likely to be an asset and not a currency for now, why now many say that bitcoin is a promising investment and not a currency

may be seen as an asset, and as an investment tool, because so many people use it for it. but, the main function of bitcoin I think is to make a transaction so fast on the internet, with a low fee. it's just that the price continues to rise makes people feel that this is something good to be an asset.

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[chandra12]

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.

Bitcoin follows the foundations of offer and demand of the economy. This helps individuals to create trade easier, facultative holders to convert merchandise into a wide tradable artifact through the business sale and so it uses to get nearly something they need to possess. the foremost vital issue that produces Bitcoin valuable is that

[maloibtc]

Yes, I would agree that btc has become a real asset thanks to which btc is wanted by everybody and almost everywhere. it is necessary to use it as a currency but still not all governement want to do this

[prikitiw]

It is difficult to divert the bitcoin function as an investment tool, as the rising bitcoin price and the number of successful investors, making bitcoin increasingly crowded as an asset store rather than as a transaction tool.

[safarabela]

Bitcoin can be called an asset because bitcoin can provide income, bitcoin is the best coin that so many people who want bitcoin, the more who want bitcoin then bitcoin can increase high. The higher the bitcoin value the greater the gain.

[Surge_Dev]

Btc has really become an asset and i think that it is better to use it as an asset every time you think that it can bring you much profit and you can use it without any problems any time

[adadaorlina]

For me, Bitcoin is not just a digital currency but also known as a digital asset, because it is used for your investment to make a profit. We break Bitcoin into our own asset and then we are enjoying it, using our daily work and saving for the future.

[Soodo1]

Bitcoin is an asset. With its ability to increase in value based on market trends and not necessarily have fixed value.

[LeoHonek]

Bitcoin is considered as a asset by many, also for me I utilize to earn profit that has a very big potential for growth but it is only paper money that can not be grasped and looking directly it is only connected through computer which is connected to the network.

[#CR7]

Most of us believes that bitcoin is a currency because it serves as your money online, you can transact without getting your wallet. But this is just through online. As you said bitcoin becomes concrete and been highly thought of as asset in South Korea. Their paperwork see the utter effect of bitcoin through the individuals in their community. It is stated that bitcoin is an asset for them, subsequently it's satisfying for bitcoin because it should eventually attract more investors to invest very roughly bitcoin because it will be easily be traded. If our nation would be same as South Korea, that would be pleasurable for as crypto currency holders.

[jaydenbox]

You can call it an asset aswell, to be called a currency needs way more, honestly I do not think this is bad news, its good actually its nice to see more and more governments accepting bitcoin, this will make more people invest in it aswell and understand the concept.

[Log out7181]

Bitcoin is a wealth I believe in it.Because, currently bitcoin is considered as an asset.Bitcoin also has a monetary value.Bitcoin can make people pay a lot of money. Since, Bitcoin can earn money, bitcoin is said to be a kind of property.However, bitcoin is not a permanent asset.Because, it is an ongoing process and it is changing very quickly.

[cmaxwell]

for south Korea to have accepted bitcoin in their economy shows that bit coin is making head ways. bitcoin is actually an asset and can be used to secure the future if carefully handled or traded with. bitcoin has blessed so many lives most especially the youths around. irrespective of what the market is saying now, i still see bitcoin as an investment that is viable.

[heni_april]

I rate bitcoin indeed as an asset, particularly investment assets and not as digital currencies. because the money used as means of payment, but for now very little that using bitcoin as payment. most of the bitcoin holder hold your bitcoin and traded in the market. not as a means of payment but rather as assets that are traded.

[Ravion]

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.

Most people have been using Bitcoin as an asset for a long time. Few people use it as money to purchase things with. Most people even learned about Bitcoin as an investment.
This was actually a case where a person had obtained money (Bitcoins) via illegal activities, and the government previously couldn't confiscate the money because according to the law in South Korea, Bitcoin was not considered a tangible asset. This new decision was specifically to confiscate those Bitcoins by declaring Bitcoins as an asset.

[Offece]

I suppose bitcoin is an asset because bitcoin can provide many blessings and we additionally spend money on bitcoin and if we purchase bitcoin whilst bitcoin charges are at low tiers and we resell them while bitcoin prices bounce we are able to get a variety of blessings of route and some earnings way to bitcoin.

[delightme]

I think Bitcoin is an asset because I believe in Bitcoin. Bitcoin has a monetary value and it has make so many people rich. Bitcoin has an a particular investment assets and it is not like digital currencies, It is used as a means of payment,the higher the bitcoin value the greater the profit.

[hector3115]

 Maybe in years future it can be true in every country in the world but now I don't think all the people know all opportunities that bitcoin give us. You really need to feel more knowledge about using Bitcoin in our daily life only after that we can call it an asset for us.

[SnowAugustine]

Well isn't the IRS calling it "property"? Like similar to a house? It means that it is illiquid value, technically an asset.

No central bank or government will recognize it as a currency. That means that they would have to accept it in banks as legal tender. And they'd have to allow exchange offices to buy and sell it. They don't want that, because that's basically admitting that it is a safe substitute for the local fiat. It's like saying we can now go and buy bread and milk with our grams of gold.

[alexs_03]

Bitcoin is now an asset for the work of someone who follows his work, because the bitcoin forum can be made into materials to earn money. And also he is giving every individual a platform to work also as their is work there is earning so bitcoin is becoming an asset.