Quote from: ir.yance on September 14, 2018, 04:17:46 PM

Quote from: indrakusumaindra on June 08, 2018, 11:46:40 AM

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 my opinion this is bad news because what I know is that bitcoin is a crypto currency that can be used as a payment tool, if bitcoin is only recognized as an asset then bitcoin will not be the world currency.

Bitcoin started its journey as a cryptocurrency but in today's date it is also used as an asset.Bitcoin has captured the market and has left many things behind.It has also replaced gold.This is because the value of Bitcoin is very volatile and it also gives high profit margins in a quicker time period.But on the other hand gold's value is very stable and the profit margin is very less or nil.Bitcoin is a money making machine and that is why it us very famous.