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Author Topic: Bitcoin become an asset  (Read 6010 times)
Ezenwanyi1
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September 16, 2018, 05:27:07 PM
 #1621

Since bitcoin as a currency is not stable , like how a currency should be.
So it cannot be just a currency, it is also an investment.
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Rocktop044
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September 16, 2018, 05:29:58 PM
 #1622

Bitcoin is a currency that is tradable and can be exchanged for other digital currencies and also fiat. It has a value, and can be used to store funds, (although it's volatility makes irmt better suited for investing and trading)
It can also be referred to as an asset
syauqialbaana
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September 16, 2018, 05:34:00 PM
 #1623

I think Bitcoin is an asset and is used for financial purposes, just like cash and currency and has a good impact on the economy as well. if bitcoin allows as a legal currency then the value of this currency will be more than now. Bitcoin can now be seen not only as a digital currency but also as a perceptive asset, in many countries bitcoin is used as an asset for investment .
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September 16, 2018, 05:50:55 PM
 #1624

In my opinion, bitcoin is actually each of the cryptocurrency as well as a good resource. Because of deal delays through system blockage within the second option a part of 2017, it had been progressively thought to be electronic precious metal because of its shortage. Since the Super System will get used, we will have this utilized because of each the foreign currency as well as shop associated with worth.
Sam San
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September 16, 2018, 05:55:22 PM
 #1625

An asset is anything that is considered useful or precious or valuable. A currency is also a system of money that is used as a medium of exchange. Bitcoin has made some people very wealthy and brought happiness to many, as such, it fits as an asset. It is also used for some purchases. Thus, Bitcoin fits both as a currency and an asset.
any asset should have liquidity, bitcoin currently has liquidity among other cryptocurrencies, but how long will bitcoin's monopoly last?

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September 16, 2018, 06:00:33 PM
 #1626

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 obviously a currency that's why it called cryptocurrency, but for now bitcoin can become asset too, i don't see any problem with that.
People use bitcoin for investment because for now bitcoin price not stable, that why many people prefer using it for investment not for payment.
Xlady
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September 16, 2018, 06:03:28 PM
 #1627

Bitcoin can be both a currency and an Asset. A digital asset. And it is a good thing that it is being recognised as that. welcome development.
DannyMarco
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September 16, 2018, 06:04:02 PM
 #1628

Right now it is not an asset but in the future there will be a big possibility for bitcoin to an asset and it can be hoped that it will become number one asset.
stiffbud
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September 16, 2018, 06:46:23 PM
 #1629

personally i think bitcoin is an assets,when ever bitcoin is a currency, but bitcoin currency is very strong currency so we can say bitcoin is a currency and big an asset.
According to me bitcoin is an assets for everything which are related to money. Bitcoin is biggest asset for investment purposes. Bitcoin mainly use for short term investment purposes because of its increasing market price. Bitcoin is also as a international money transaction medium because of its untraceable and uninterrupted money transaction facility. It is also use as asset for international money exchange medium. Sometime Bitcoin is also an asset for a negative purpose like criminal activities like cyber crime, malware attack etc.

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Ciscopro2000
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September 16, 2018, 07:25:54 PM
 #1630

I think Bitcoin is an asset because there is only a finite amount.  There will only be 21 million bitcoins total.  Therefore I view bitcoin as an asset.  This is actually a good thing for those who already have bitcoins because of its scarcity. 
newdevices
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September 16, 2018, 09:12:16 PM
 #1631

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 obviously a currency that's why it called cryptocurrency, but for now bitcoin can become asset too, i don't see any problem with that.
People use bitcoin for investment because for now bitcoin price not stable, that why many people prefer using it for investment not for payment.

at this time in addition to being a currency, many people use it as an asset for investment, in some countries bitcoin has not been legalized, as in my country bitcoin is prohibited from being used as a currency for payment transactions but is allowed as an asset for investments such as investing in gold, obviously we can't violate government regulations and for now in my country it only makes bitcoin an asset

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BitSat
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September 16, 2018, 09:46:42 PM
 #1632

As time goes Bitcoin speeding up and many people are using it and buying for investment. Probably the large number of people who make long-term investments they expect the profits from those investments. They consider that Bitcoin as asset so it's only natural that people say that Bitcoin is an asset. I think Bitcoin is an asset because you can sell your Bitcoin and turn it into USD whenever you like. And Bitcoin is your asset Bitcoin is more fluid than something like home and since its inception tends to increase in value so check it.
Xalata
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September 16, 2018, 10:22:51 PM
 #1633

Currently bitcoin has become an asset beccause most people are not using it to conduct transactions as they should and this is also because bitcoin has not been accepted as a legal payment mode for transactions. I am sure with time we can actually use bitcoin as digital currency in conducting transactions.
Stark_Naked9
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September 16, 2018, 10:40:29 PM
 #1634

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.

It's obviously a good news when bitcoin is accepted as like an asset in South Korea. I don't think becoming the asset is not the right purpose of bitcoin. Its always stay in any kind of use and it has to be like that. For instance, gold was used as an asset also the currency for the transaction by ancient in the past. However, the fluctuation of the market has to be stable more to be as like currency. For now, bitcoin actually is the asset, personally.
Darz299
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September 17, 2018, 01:21:53 AM
 #1635

I think bitcoin is an asset, and it's hard to call it a currency.
Because currencies will be used widely, and bitcoin is difficult to use on a large scale today, I hope the lightning network can change everything. Bitcoin is truly an asset, just how you put your investment in the market. It's good for short-term and long-term investments, it's just a matter of taking care of your business investment.
Skydreamer19
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September 17, 2018, 01:31:13 AM
 #1636

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.
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September 17, 2018, 02:44:03 AM
 #1637

I think with the passage of time when the price of bitcoin will stable then people will use it as a currency. If we analysis the nature of bitcoin, it can easily says that bitcoin is an asset. Because many people invest in bitcoin to gain some profit. People also invest in bitcoin for long and short period of time what people do for other asset. But bitcoin is designed to use as a currency and it cannot achieve it goal yet.
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September 17, 2018, 02:48:59 AM
 #1638

Absolutely right nowadays bitcoin become a asset people now investing in bitcoin for the future as before people invest in gold market for future investment now they are investing in the crypto market so it's right bitcoin is a asset.

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September 17, 2018, 03:01:31 AM
 #1639

I think bitcoin is also a digital asset that we have and only we know about this asset, even our families don't know that we have bitcoin assets if we tell stories. All of this really controls us and nobody knows unless there are hackers who can access ownership of our wallet.
Bitcoin has two functions that we can control according to our needs by looking at the crypto market to help provide profits.

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September 17, 2018, 03:41:23 AM
 #1640

Bitcoin is very suitable to be used as an asset in the future because bitcoin provides benefits for all of us. Although the government has not been able to accept bitcoin but I am sure that many people who still use it even use it for assets in their future. Making bitcoin for the future is a very good idea that I think can provide benefits and improve their economic use.
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