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Author Topic: Bitcoin become an asset  (Read 656 times)
travieso
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June 19, 2018, 05:01:09 PM
 #241

in my opinion bitcoin is indeed a very valuable asset because bitcoin has a high value and a favorable bitcoin
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June 19, 2018, 05:17:15 PM
 #242

YES i definitely agree same wth other crypitocurrency like the edocation coin or the ledu coin!
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Today at 03:17:47 AM
 #243

Bitcoin is considered as an asset because the value of bitcoin is very expensive now.
Back then when bitcoin price less than $1, there was no one think that bitcoin will become an asset to save.
There are many unexpected things occurred in cryptocurrency.

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Today at 03:23:53 AM
 #244

With the advent of cryptocurrency, the world has changed a lot.Yes, it all started as a tool for transactions, but today bitcoin is a powerful cryptocurrency, and I hope that we will see its growth soon.

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lobanoval
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Today at 04:01:44 AM
 #245

Bitcoin was started as a currency but it has become like a asset only. It is kind of evolution based on what the users want.
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Today at 04:19:14 AM
 #246

Bitcoin earning is my future assets.My part time income source of bitcoin earning. It's earning economic benefit of my future. So I there for I think it's my asset.

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Today at 04:42:42 AM
 #247

With the advent of cryptocurrency, the world has changed a lot.Yes, it all started as a tool for transactions, but today bitcoin is a powerful cryptocurrency, and I hope that we will see its growth soon.
Bitcoin is so good as an asset because of its expensive price that getting more expensive and some coin in crypto which also has potential to grow. Bitcoin is not only a tool that can be used for fast and convenient transactions but also used as an investment that van give good payback when you hold for the long time and collect it now to keep in the wallet that I've used to do now.

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fedosee
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Today at 05:04:03 AM
 #248

Yes, most of the people treat it as an asset only. The problem with this is that people will spend less of bitcoins thus limiting the flow.
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Today at 05:13:49 AM
 #249

Bitcoin will become an intangible asset. Ability to use in payment. Accepted by international organizations and countries!
To achieve that, Bitcoin needs to be more focused and developed

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liberty02
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Today at 06:05:28 AM
 #250

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.


In accounting Assets can be grouped into, Liquid Assets and Non-Liquid Assets. Cash is considered liquid since it is legal tender and can be used to pay debts, I think Bitcoin only fails here because of the meaning that it should be backed by a government in order to be legal tender which contradicts the meaning of Cryptocurrency. Bitcoin fails to become a cash equivalent because of volatility. Right now they are classifying Crypto as an Intangible Asset as it only where it fits for now.

Either once government recognize bitcoin as legal tender or when the market stabilizes and the value can be clearly measured then it will be cash or a cash equivalent. Being defined an asset is a win for crypto now, they are accepting the fact that it has value and I think the next step is to be considered as a cash equivalent and the last step to be finally be synonymous to cash.

Relax, it will be done one step at a time.

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markchoo
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Today at 08:06:29 AM
 #251

Bitcoin is considered as an asset because the value of bitcoin is very expensive now.It is kind of evolution based on what the users want.
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