Bitcoin become an asset

[Stark_Naked9]

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.

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[Darz299]

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]

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.

[x-eL]

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.

[Tahir460pk]

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.

[Siti Nurbaya]

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.

[MTNAX]

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.

[dalin19]

This everlasting inquiry regarding the bitcoin nature. What is Bitcoin? An ever increasing number of individuals see that the universe of customary back isn't great. Maybe BTC will be broadly perceived the world over, which will be reflected in the expansive exchanges volume. In this manner, bitcoin can turn into a broadly utilized Worldwide Advanced Cash. This is the best situation! In any case, to do this, it needs to end up more steady against different monetary forms. National banks and governments must perceive bitcoin ,at that point it can contend with fiat.

[wongdeso]

It can be said that bitcoin is an asset in the future because indeed we can use it for the future, not for something instant, Bitcoin requires a process to provide more benefits. The possibility of the bitcoin holder will not release so quickly with a low value, but the holder will hold it for the appropriate time so that it can be judged fiat value.

[Exclusives]

Bitcoin aims to be a virtual currency, because bitcoin has many functions and sees from the development of bitcoin to date. I feel there is nothing wrong if they say bitcoin is an asset, you can use bitcoin as an asset if you only store it in the wallet, and can use it to become a virtual currency, if you trade.

[timunsuri]

I read in this forum, indeed for now there are many investors who make bitcoin an investment asset, there are still a limited number of people who use it as a transaction tool, it may be due to the limited facilities and the space for bitcoin itself but that doesn't matter because it has not had a negative impact on bitcoin now

[bp.comp69]

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 in my opinion is an asset, and bitcoin is a currency, but a bitcoin currency is a very strong currency from any perspective so we can say bitcoin is a currency and a big asset.

[CongHoan]

i hope one day this will happen to my country .  now they prevent trading and minning in my country .

[manfredmann]

In countries where bitcoin is recognized as a digital asset, there will be no problems with its spread and introduction of blockchain technology.Well, currencies should be stable. When it is so fluctuate, it is hard for any vendor to use it as payment system.

Yes but cryptocurrency is not used for means of payment in those centralized system. As cryptocurrency only used as a form of payment for decentralized system like here in the cryptocurrency system. And we are able to understand that market price for the coins do fluctuates yet it could still be used as a form of payment here in a decentralized system and not in the outside wolrd where centralized system is widely used.

[xabre]

Good way for being bitcoin become your asset, we have know how increase and growing of bitcoin price last four years. it be more profitable for making bitcoin become your asset and you can get much money at the future.

[foneex]

Yes, It is a digital asset

[Felipeo]

Frankly speaking, I don't think it is an asset but as long as it's price increases like it is in the past years, it'll be considered as an asset. People still trying to INVEST in crypto rather than Using them.

[Khan Apon]

Yes bitcoin become an asset,  we know bitcoin is number one legend coin in the world,  and bitcoin have a big community. Many People's work With in bitcoin and earn good profit in here,  and make their life very shine.  So it is say that, bitcoin become an asset.                   

[sky4242]

Bitcoin is certainly your wealth for me. Because you can make money from Bitcoin. Which you can convert to cash. And we know cash is considered as wealth.

[cellflash]

On my own opinion, I can considered bitcoin as an asset.. Since nowadays, bitcoin has a value..We can also considered it having an economic value.. So, it can be an asset, a current asset to be specific..
Current Asset is an asset that can be converted into cash and expected to be consumed within a year.. we can also use it as for investment (short term or long term). Not far from the way that bitcoin used in cryptocurrency ecosystem..