Bitcoin become an asset

[Al the Alpaca]

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.

Well, Bitcoin is literally a wealth because it is a legal cryptocurrency in all nations. I believe that bitcoin is the reason why many people are now rich and getting richer because they invested a lot of money, efforts and hardships in Bitcoin and other cryptocurrency. Bitcoin is considered as asset because it helps a lot of people to get a lot of profits. It is also convertable in real money. Well, if this cryptocurrency is not convertable into money, I will say that this is not an asset. Again, This is an Asset. Bitcoin is an asset.

[DaWidyaa]

In my opinion, depending on people who use bitcoin, whether they make the asset or currency all the same is to get a profit. so it makes no difference between making bitcoin as an asset and currency.

[brainsmart]

I think this is good news for bitcoin investors. The Bitcoin is recognized as legally owned and shows that Bitcoin is slowly being accepted by the governments of the states

[mifanmuzny]

An asset is some kind of economic resource. It can be controlled or owned and it provides the owner with value, usually financial. A house is an asset. You can sell a house and get cash in return. A currency is a system of money, a means of exchange. You used currency to buy a latte this morning, or so you could watch the latest season of Altered Carbon on Netflix, If it’s hard to tell the difference between the two, consider this. Assets tend to have a built-in promise of increased future value. A house tends to increase in value in time and thus, is an asset. It’s not very liquid, unlike cash, and therefore can’t really be thought of as currency.Based on those definitions Bitcoin could be both a currency and an asset.  It was created to be a currency and you can certainly buy things with bitcoin. Not everyone accepts bitcoin at the moment but you can use bitcoin on major retailers like Overstock and Newegg, and even Expedia will accept your cryptocurrency in exchange for plane tickets.

[LigwagGanern]

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 is considered as asset because it helps a lot of people to get a lot of profits. It is also convertible in real money. To convert it you need to have a digital wallet that can hold crypto currency and fiat currency so that it is to use your bitcoin if there is an emergency. Bitcoin is the most popular crypto currency now, use it in a good way.

[Mazda17]

I truly agree, I understand the point but then Its a good thing that Bitcoin is recognized in the country even just an asset atleast It's been exposed to whoever wants to use the concept of the crypto currency.       

Good thinking and I agree with the way you think.
If bitcoin starts to be recognized in any country, I'm sure bitcoin's popularity level is getting higher, even bitcoin is a valuable asset in the country, and there will even be many investors coming to join bitcoin.

[x xurtjati]

it is true that bitcoin is a great asset for every holder because bitcoin has uncertain prices and many people who get extraordinary benefits other than being used as bitcoin investments are often used as excellent assets

[ACTION JACKSON]

Bloomberg reports that a memorandum circulating among Group of 20 countries may be firming up views of cryptocurrency classification.
These countries appear to be moving toward a consensus that cryptocurrencies may not be currencies at all but rather that it might make
more sense to consider them as assets.....

[Smon]

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 do not have the same opinion with you. I think Bitcoin should be a currency and an asset to trade and make a profit on a daily basis. Bitcoin was born as a money transfer tool and now its value has been rising and it can be used to invest.
anyway, i just put Bitcoin in profit field and not interested in other fields.

[kamasino]

If we hold the BTC for accumulation, it will be more risky, BTC is only for investment and in the short term do not try to hold them for long periods of time you will be able to lose capital. If you want to accumulate, please convert to gold

[Nahdatullah]

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.

not only in Korea but almost all over the world recognize bitcoin as a digital asset. but almost all countries do not allow bitcoin for the means of buying and selling transactions.

[Renu kapoor]

Yes it is an asset but one should consume it and don't keep for a very long time because no government in the world is accepting it a medium of exchange so why to hold for a long time.

[Elerntta]

Now bitcoin is mainly used as an asset, an investment, while he is young everyone wants to make money on it. And with the development of technical support for its use as a currency, it will be used more as a currency.

[Getmon]

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 has been treated as an asset by a big number of people in the community. They are wrong of course because they are not treating Bitcoin the way it should be treated, according to the version of the founder himself, Satoshi Nakamoto. However, who are you blaming? Would you be spending 1 or 2 Bitcoins when you are certain that if its value right now is $8,000, it will become $15,000 very soon. This, i.e. that fast growth of Bitcoin's worth, is the foremost reason why people are now shifting to HODL instead of spending Bitcoin.

[chopperchopper]

Bitcoin is getting to be riches as I would see it. Yet, bitcoin is anything but a settled resource for you or me. Bitcoin is considered as a continuous resource asset. Since bitcoin has changed turns in a brief timeframe.

[reality18]

Bitcoin has a lot of features which allows its users to utilize it either as a currency or an asset. As a currency because it can be used to patronize goods and services and as an asset because it has value.

[Ngewex Yuk]

Bitcoin is a very valuable asset that deserves to be used as a future investment, by making bitcoin an asset, we must treat it well, security is a very important thing that makes bitcoin safe from hackers or thieves.

[bitvelk]

I use bitcoin as a long-term investment, but I am willing to spend some of that investment to use bitcoin as a currency. But in my country, there is simply nowhere to do it yet.

[nayan_suvo]

Undoubtedly bitcoin is a asset. It may took some time, but there is no doubt with that. At present some issues with bitcoin, but in future bitcoin going to be the world's best currency. So I think
Bitcoin is an asset.

[Afnan_faizah]

Most of people consider bitcoin as an asset, the fact is its not only in south korea but most of bitcoin users are consider bitcoin as an aset rather than a currency. But it still a good thing that government of south korea recognize and regulate bitcoin as an asset, its mean that south korea can become good ecosystem for butcoin users. I hope more countries will follow south korea soon.