Bitcoin is a treasure. | Bitcointalksearch.org

Crypt0Gore

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

If you can call something your treasure doesn't that make it your property? If you own your Bitcoin in your wallet that's non-custodial, doesn't that make you the rightful owner? You are mixing things up OP.

Early Bitcoin investors that hold Bitcoin since 2012 can easily say that their Bitcoin is their property, a property that doesn't depreciate in time, I don't see anything bad about calling Bitcoin a property, it's mine, I own the private key, that makes it my property.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.

I think what he meant by 'own property' is that he owns it and no one has control over it. It's his personal property. And keeping them securely should make it personal property for sure. I am not sure what he meant by that, but let's say that he meant property as in compare to land or house property. That is considered as an investment too. Because you are investing in something to gain profit in the future. And what I can say is, Bitcoin is someone's personal asset. They can call it whatever they like. It will not change the value, or it's ability. It will still remain as Bitcoin.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Simply put; Bitcoin is an asset similar to a property.it digitally represents your ownership of a value or right to something.bitcoin is a digital asset and your asset is your property.

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Quote from: ChiBitCTy on March 21, 2023, 09:06:12 PM

First off, bitcoin is NOT an investment, inherently. I have tried explaining this I can't say how many times over the years. Satoshi created bitcoin as a digital asset, something to replace and aging and dying banking system. Bitcoin IS absolutely "property". Why isn't it is my answer to you. If you have a handful of $100 dollar bills, would you not consider that to be your property? It's the same principle here.

Well, okay. We have several hundred bucks notes, why shouldn't we consider them as an investment if we have no plans of immediate spending? Even if something is fiat money it can be an investment asset as well. Bitcoin is money, bitcoin is a financial system and for some bitcoin can easily be an investment asset also. If you can crack nuts with a microscope then that microscope becomes a nutcracker even if it is not the most rational idea of its usage.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

bitcoin is indeed an asset, a statement like that is not wrong.
in my opinion bitcoin has a very broad meaning. because if it is interpreted as an asset yes it is indeed an asset, then if it is interpreted as property?

Quote

Property refers to something that is usually known as an entity in relation to the ownership of a person or group of people over an exclusive right. The main forms of this property include real property, personal property, and intellectual property.
Wikipedia source

what I caught bitcoin can also be interpreted as property, because the bitcoin that we own or that belongs to anyone, it is their absolute right of ownership and it is their personal wealth.

in essence bitcoin can be interpreted as an asset or property.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

If he actually has that 2BTC on his account he can call it whatever he wants, calling it his property actually makes sense since it's here property any way he has the private key to access it. I mean you can call it an investment, treasure, digital currency, property, assets, etc. and it would still make sense. For me, bitcoin, for now, is an investment because it was a great investment in my experience and not until it reaches its limit maybe it can be a digital currency that we can realistically use for every transaction because at the moment the price of it is so volatile and it's risky to buy or use it as a currency.

I guess it's fine as long as it doesn't make a negative image in Bitcoin since a lot of people do have a negative perception of it just because it's used in many illegal activities.

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First off, bitcoin is NOT an investment, inherently. I have tried explaining this I can't say how many times over the years. Satoshi created bitcoin as a digital asset, something to replace and aging and dying banking system. Bitcoin IS absolutely "property". Why isn't it is my answer to you. If you have a handful of $100 dollar bills, would you not consider that to be your property? It's the same principle here.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Your question is kind of funny, because if I may ask, please, What is the difference between a property, an investment, and a treasure? Because if you could analyze them all you will notice that they almost mean the same thing, since a property is also an investment (e.g house).
However here are some definition

Property is any tangible or intangible thing that is owned by someone.

Investment is an item or asset acquired for the main aim of generating income

Treasure is a quantity of precious metals, or other valuable objects

So, all been said you could notice that Bitcoin has same the characteristic as any of these three, as it is intangible, generate income and has value.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

-snip-
But if someone may ask you, what do you call BITCOIN?

If anyone asks me, I will only say that bitcoin is a currency that has value and we can buy goods, services or transact with it, besides that we can also make bitcoin an investment asset whose price is determined by supply and demand. Almost from all sides bitcoin has similarities with fiat currency in general but bitcoin is a fully decentralized virtual currency without third party interference and developed with technology so that it distinguishes it from fiat currency.

Broadanbig

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Bitcoin is a digital gold and therefore can be termed or tagged a treasure because it is a store of value. Bitcoin is no doubt a volatile asset and risky too but as an investment as many would see it that way, it had the potentials of appreciating in a long run which the decision is left for you as a holder to make.

In all bitcoin is a treasure and a valuable digital asset which would yield profit for holders in a long run when bought and held for a long time.

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Quote from: ringgo96 on March 19, 2023, 08:16:26 AM

Bitcoin is an investment in the future and could be a treasure in the future,

Bitcoin isn't only an asset in the future, Bitcoin already becomes an asset nowadays. Bitcoin can be a long-term asset and a short-term asset, it depends on you to choose which type of asset.

Quote from: ringgo96 on March 19, 2023, 08:16:26 AM

I disagree if Bitcoin is considered property because property is very much different from investing in Bitcoin, although both will indeed be our assets in the future but the way both work is very different, if we do not explore the crypto world maybe we can think of Bitcoin as property of the future, Because Bitcoin is also an asset of our future, despite the differences in our thinking but the purpose is the same.

Yep. Bitcoin and property are a bit different. Bitcoin is a volatile digital asset, it has a high risk. While property seems to have a more stable value, it can be easier to predict the change in property value. Although both are assets, but it seems a different type asset.

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Quote from: S A KHAIR on March 19, 2023, 04:40:53 AM

Quote from: Ziskinberg on March 19, 2023, 04:16:35 AM

Investment is a name suitable for Bitcoin, in fact, it is a currency as it was meant to be.

No currency is as volatile as bitcoin, if it becomes stable, I will agree with you. Until now, Bitcoin has been nothing more than a speculative tool, a tool to create a market that is manipulated, with high volatility, to attract all gamblers to join with the dream of getting rich quickly. Bitcoin is going completely in the wrong direction from what Satoshi created it.

It is already established that Bitcoin is a currency, ever think why it is called cryptocurrency? Bitcoin function as money, they are also called a store of value even though they perform poor in that aspect due to high volatility. Although Bitcoin is created to perform as currency, people see it as a speculative asset that is good for investment because of the potential for profit. But still we cannot deny the fact that Bitcoin as currency performs well in terms of cheap transfer, boundless and decentralized.

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Quote from: Agbe on March 20, 2023, 12:38:29 PM

Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

I will only accept on the side that you said, bitcoin is a treasure. I will not take bitcoin as a property, bitcoin is asset which is valued more than any other properties by the owner. Taking as an investment. I call bitcoin as an asset or an online currency. But if anyone wants to call it with different name, the person is free to do that. Because bitcoin itself is free for everyone to use. And the other way round, people might refer bitcoin as a property and all base on the connotation use by the speaker. Property for the speaker might means "own".

It is that this depends on how people see bitcoin, obviously it is a treasure, but it is a growing treasure that gives us benefits over time,it is something worth buying, saving and waiting for, the rest must be done life normally as we have it, there are some who have bitcoin and start to do other things like go find some kind of strong Emotions like play in casinos or maybe do trading which is not a bad thing but bitcoin is one of the best inventions of man, it seems like its out of another world.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

I will only accept on the side that you said, bitcoin is a treasure. I will not take bitcoin as a property, bitcoin is asset which is valued more than any other properties by the owner. Taking as an investment. I call bitcoin as an asset or an online currency. But if anyone wants to call it with different name, the person is free to do that. Because bitcoin itself is free for everyone to use. And the other way round, people might refer bitcoin as a property and all base on the connotation use by the speaker. Property for the speaker might means "own".

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Quote from: GreatArkansas on March 18, 2023, 02:43:36 AM

Lack of context from OP, we don't know if the meaning of "property" OP wants to say is the physical establishment or real state something or on another side is it's real Bitcoin and the "property" there is the physical backups of the keys of the wallet or maybe it is a hardware wallet, we don't know.
Or maybe we can also relate here to some real state properties are for sale using Bitcoin as a payment method, maybe that's an example.

What OP was trying to say is that he heard someone who owns some Bitcoins and he was calling those Bitcoins to be his property, and I don't find anything wrong with that. Though the primary purpose behind Bitcoin's creation was for it to be a currency or a digital payment option that would be totally decentralized, people can call it whatever they wish as it has more use cases now than it did back in the day.

Bitcoin today can be an investment, a payment option, a currency used for payments, a store of value, etc. So if someone who owns some of it, they can call it their property as it's theirs to have and they are in possession of it.

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What Medium? This is Bitcointalk mate but moving on... There is no problem if someone calls Bitcoin as their property but I am sure they did not mean as a house or a land because they are also called as property. 2 BTC in most countries is already huge that someone can already buy a property. It's also possible that those people are planning to buy a property with their Bitcoins? A property is also considered as an investment but I think the term property is more superior.

You even call Bitcoin as a treasure there but did those guys complain about it? That was still fine. Just don't call Bitcoin something negative like a scam because that wasn't acceptable anymore and many Bitcoin supporters are going to bash you for that.

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Bitcoin is considered a public property. Because it is an investment capital. Currently, this currency is used by creators all over the world. It can be used as a personal asset. Bitcoin can be used online or offline. Bitcoin is also called digital currency by some. than a general nomenclature widely used in crypto and investment's environment.

uneng

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Bitcoin has different definitions depending who is classifying it. Some call it a digital asset or currency. Most countries consider it an asset, while few consider it a currency (legal tender). The "treasure" classification is more figurative and is more related to a personal experience and point of view of a specific adopter, than a general nomenclature widely used in crypto and investment's environment.

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Quote from: ethereumhunter on March 17, 2023, 09:40:50 AM

Bitcoin is a long term investment, just like gold which has been an investment for many people for a long time. But if someone says that bitcoin is their property for them, that's also okay because maybe they think that bitcoin is something like an investment. Property here means that bitcoin is his, which applies as an investment. So there's nothing wrong with that and it's up to each person's perception. But if you can explain to those people that bitcoin is an investment like gold, that would be even better because it would change how they say it is an investment.

I agree that if you compare bitcoin investment to gold investment compared to the Op bitcoin thought compared to treasure, in my opinion bitcoin and treasure are very much different and don't make sense, that's just my assumption if you don't like it you can cross it out.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

In my opinion, it depends entirely on the point of view.....

For those who believe in the priority value of fiat currencies, Bitcoin is just a promising investment (financial asset). These people are investing in Bitcoin in order to increase their deposit, denominated in fiat currency (for example, in US dollars).

For those who are sure that in the future Bitcoin will become the world's reserve currency and an integral part of the gold and foreign exchange reserves of Central Banks, Bitcoin is not an investment, but an independent value (property).

Such people try to accumulate as many bitcoins as possible in order to become very rich people in the future.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.

Almost all countries bitcoin is very valuable nowadays and even though it is banned in some of those countries. There are so many differences between property and investment and absolutely no relationship between the two, it could be that people think of bitcoin as property because it is capable of retaining value, but that is not the case in interpreting the two.

Quote from: uche6215 on March 15, 2023, 02:31:03 AM

To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

It's irrelevant to say bitcoin by any other name, whether it's treasure, property or gold. Bitcoins are unique by name and bitcoins will still be referred to as bitcoins. If asked and continue to be forced to ask, then bitcoin can be said to be the best investment that has a risk of price fluctuations.

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Bitcoin is an investment in the future and could be a treasure in the future, and I disagree if Bitcoin is considered property because property is very much different from investing in Bitcoin, although both will indeed be our assets in the future but the way both work is very different, if we do not explore the crypto world maybe we can think of Bitcoin as property of the future, Because Bitcoin is also an asset of our future, despite the differences in our thinking but the purpose is the same.

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Quote from: Ziskinberg on March 19, 2023, 04:16:35 AM

Investment is a name suitable for Bitcoin, in fact, it is a currency as it was meant to be.

No currency is as volatile as bitcoin, if it becomes stable, I will agree with you. Until now, Bitcoin has been nothing more than a speculative tool, a tool to create a market that is manipulated, with high volatility, to attract all gamblers to join with the dream of getting rich quickly. Bitcoin is going completely in the wrong direction from what Satoshi created it.

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Quote from: crunck on March 19, 2023, 03:25:08 AM

For me, bitcoin is an investment and the thing I put my biggest trust in to get big profits and change my life. Honestly, I am also interested in other benefits of bitcoin, but if it's not profitable, I wont need those, and I believe everyone is like me. There's nothing wrong with treating it like a treasure, but others see bitcoin as a currency, and that's not wrong either. What Bitcoin does depends on the purpose of each person.

If it had no other benefits it would be just a Ponzi scheme so it is very important that bitcoin is much more than just an investment asset, even for those who use it just as an investment asset. Prospective bitcoin has is based on that it is an alternative financial system and it gives it a trust which in its turn gives bitcoin its value. It is not mandatory for everyone to understand it, but this makes bitcoin what it is and gives different opportunities for us all regardless of the depth of understanding.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

But if someone may ask you, what do you call BITCOIN?

I won't say anything about Bitcoin but I just consider this as an investment, nothing else. If someone calls it a treasure, then that was their take but because of the nature of Bitcoin, it won't help to change my mind either. A treasure is something that we can see hundreds or thousands of years from now but if we talk about Bitcoin, never we can say that way.

Of course, we can't say it will just be for a short period of time but also we can never think that it will last for many years. Investment is a name suitable for Bitcoin, in fact, it is a currency as it was meant to be.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

For me, bitcoin is an investment and the thing I put my biggest trust in to get big profits and change my life. Honestly, I am also interested in other benefits of bitcoin, but if it's not profitable, I wont need those, and I believe everyone is like me. There's nothing wrong with treating it like a treasure, but others see bitcoin as a currency, and that's not wrong either. What Bitcoin does depends on the purpose of each person.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

what do you call BITCOIN?

Bitcoin is the future, the future of money. Whatever perception you have about bitcoin is due to the use case that you engage in. If bitcoin provides you an opportunity to invest, bitcoin will be viewed by you as an investment opportunity but it does not still change the original purpose which it was created for which is;

Quote from: justdimin on March 19, 2023, 01:23:22 AM

to be a payment option...

You can invest in bitcoins now because of the volatility that has created room to make profit from buying bitcoins, but if that is the only perception you have about it, When in the future bitcoin prices are no longer as volatile as they use to be, you may become discouraged holding bitcoins in general because what you know it for is no longer as it used to be.

As you invest in bitcoins, still try to engage other uses and functions. To achieve Satoshi's dream and prove that his innovation is successful, use bitcoins also for some transactions when you can.

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Quote from: Kakmakr on March 18, 2023, 04:14:28 AM

Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

You have it wrong OP, it is not an investment. Satoshi Nakamoto developed it to be a payment option... not an investment option. Go read the White Paper on Bitcoin and see what Satoshi calls it.

Like "cash" or fiat currencies... people can trade with it (Forex markets) but it is primarily supposed to be a currency. Anything you own.. can be your property... so it does not have to be a house or a piece of land. Tongue

I would say "asset" is the best word. Dollar could be an asset, stocks could be assets, gold, oil, wheat, house, building, car, anything could be an asset as long as you are investing into it and have a reason for putting in money and how you plan to make a profit from it. At the same time, I believe that you shouldn't really invest into cars of course, not a viable option in many nations but at the end of the day crypto is an asset just like all the others.

It means that you could invest, and use it if you want to, but if you plan on buying and making a profit from it then you are doing the right thing and you should be profiting from it as well.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Bitcoin is currency.
I mean bitcoin is money.
Anyone that has money can call it their property.
Anyone that has money can call it their treasure because they treasure it.
So, there is no contradiction anywhere. The most important thing is to own bitcoin, you can call it whatever you want thereafter.

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Quote from: tygeade on March 17, 2023, 07:52:02 AM

Quote from: woez on March 17, 2023, 04:07:34 AM

Quote from: uche6215 on March 15, 2023, 02:31:03 AM

But if someone may ask you, what do you call BITCOIN?

If Bitcoin is said to be a “treasure” it has a deeper meaning because it is in limited supply and difficult to obtain, similar to how treasure is a rare and valuable item.

In my opinion, why do many people like using Bitcoin as an investment because as a form of digital currency it has potential and can be used as an investment opportunity in the future, but what must be considered is that its value can fluctuate at any time.

I would guess that using it as currency is something most people feel terrible about because we know that it is something that will gain a lot of value and that means if we spend it then we are going to end up being sad about it when the time comes and it doesn't really look like we have enough like we used to.

So, if I spend 1 bitcoin at 25k+ right now and buy a car, then when the price becomes 100k per bitcoin then I would be upset because I could have bought 4 cars with it, that is the sad part about it. This is why I believe that we shouldn't have done this, it was a bad choice and we should have avoided that as long as we possibly could and that is why people don't spend it too much.

It is true, the original purpose of bitcoin was not created as an investment, but today it is and is considered an investment rather than a currency or a method of payment. I know some people want to turn bitcoin into a currency rather than an investment, but this is very difficult. Honestly, I also don't want to spend my bitcoins during this period, I just want to accumulate as much as possible because I believe the value of bitcoins will be huge in the future. It would be really wasteful to use bitcoin as currency and spend it on our daily expenses.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

You have it wrong OP, it is not an investment. Satoshi Nakamoto developed it to be a payment option... not an investment option. Go read the White Paper on Bitcoin and see what Satoshi calls it.

Like "cash" or fiat currencies... people can trade with it (Forex markets) but it is primarily supposed to be a currency. Anything you own.. can be your property... so it does not have to be a house or a piece of land. Tongue

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If I look at Bitcoin in general it is still considered a type of digital asset or cryptocurrency rather than a form of property or commodity and if I am not mistaken it operates outside of traditional legal and regulatory frameworks.

GreatArkansas

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Quote from: Zilon on March 18, 2023, 02:18:16 AM

Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

What is a property?
It is a thing or things which someone or a group of person owns. Propreties can either be an asset or a liability as such if someone sees Bitcoin as a property they are not far from reality.
(....)

Lack of context from OP, we don't know if the meaning of "property" OP wants to say is the physical establishment or real state something or on another side is it's real Bitcoin and the "property" there is the physical backups of the keys of the wallet or maybe it is a hardware wallet, we don't know.
Or maybe we can also relate here to some real state properties are for sale using Bitcoin as a payment method, maybe that's an example.

Zilon

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

What is a property?
It is a thing or things which someone or a group of person owns. Propreties can either be an asset or a liability as such if someone sees Bitcoin as a property they are not far from reality. An investment is an asset which can be added to one's portfolio be it online or offline as because Bitcoin can be addressed as an asset it can also be attributed as a property. Both properties and investment can possess both online and offline representation. So both can be used to describe Bitcoin which means it can be referred to as a property as well as an investment.

Mauser

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Not sure if this is a problem because of translation, but I don't think bitcoin is a property. For me property is a house or an apartment, something tangible I can live hin. It's specific to one fixed location and there can't be other people owning it if it's mine. Also it can't be traded quickly without lawyers involved in the deal. That's why bitcoin is a currency and an asset for me, which means its an investment. A treasure for me is something you find which is rare and there is no real value to it. Maybe in the broader sense bitcoin is treasure, but for me a treasure is more some gold jewelry you find hidden in the basement from your great great grandparents. A good thing for looking at bitcoin as a treasure would be that we are not going to give it away easily. A treasure usually has a high value to us and we wouldn't sell it cheaply.

borovichok

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Quote from: LogitechMouse on March 17, 2023, 10:12:15 AM

Quote from: uche6215 on March 15, 2023, 02:31:03 AM

~
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Bitcoin is just Bitcoin. Simple as that.

Some might call it an asset, some might call it an investment, some might call it a scam, some might call it a treasure, some might call it a shitcoin, some might call it the way they wanted to, but Bitcoin is just Bitcoin and I will call it Bitcoin.

People call Bitcoin different things because of it's properties, and I understand that. It just that, I can't see Bitcoin as a treasure, or whatever. An asset or an investment is the closest thing that I can call to Bitcoin, but other than that is a no-no.

Bitcoin existence have served alot of purposes in the lives of traders and investors. Occasionally, it have been the sources of incomes in most families and they depends on it for their daily meal and existence on earth. Let's take a proper view from OP side, Bitcoin can be seen in all categories you mentioned because it's very important in the space and there's more chances of gaining enormously from it whenever it triggered the bull signal. It can be called whatever names you choose to give it because it have already served an essential tasks in your budgets.

Henrobakkara

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

I totally believe that he is referring to Bitcoin as his investment just as you see it but in a word he understands. If that person is referring to Bitcoin as his property I see it as an investment because having a property is also an investment that earns you profits over the years. The beauty is that that person owns 2BTC if he doesn't value Bitcoin he wouldn't be holding a whole 2BTC you do know that 2 BTC is life-changing in many locations right? so regardless of how people refer to it other than scam Grin

its ok.

LogitechMouse

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

~
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Bitcoin is just Bitcoin. Simple as that.

Some might call it an asset, some might call it an investment, some might call it a scam, some might call it a treasure, some might call it a shitcoin, some might call it the way they wanted to, but Bitcoin is just Bitcoin and I will call it Bitcoin.

People call Bitcoin different things because of it's properties, and I understand that. It just that, I can't see Bitcoin as a treasure, or whatever. An asset or an investment is the closest thing that I can call to Bitcoin, but other than that is a no-no.

freedomgo

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Anybody can of course call bitcoin as their property or whatever they like to label/name it as long as they own them and have the keys with it, it's all the same thing and there's no need argue about how we should call it. Now let me ask you OP, aren't your investments your property too? And treasure as well? I certainly hope that your answer is yes.

Quote

I don't know if am wrong or right.

That is surely the case here OP and I think it's you who should learn more and read more.

_BlackStar

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It's up to you to describe what bitcoin is, but for me bitcoin is a currency and an investment asset.
I'm not going to say bitcoin is a treasure because in the end I have target and time frame to put it on the market. This means that the bitcoin that I have today are for sale in the future even though I am willing to hold them in the long term, for example the next 4-10 years.

Bitcoin is indeed very difficult to predict especially regarding its price and future, but this asset tends to be monitored even if you don't connect your wallet to the Internet. So I'm just going to say bitcoin as currency and an investment asset, that's all.

ethereumhunter

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Bitcoin is a long term investment, just like gold which has been an investment for many people for a long time. But if someone says that bitcoin is their property for them, that's also okay because maybe they think that bitcoin is something like an investment. Property here means that bitcoin is his, which applies as an investment. So there's nothing wrong with that and it's up to each person's perception. But if you can explain to those people that bitcoin is an investment like gold, that would be even better because it would change how they say it is an investment.

puloweh555

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Quote from: Mr.sprin on March 17, 2023, 09:10:23 AM

Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Bitcoin is the most valuable asset for me bitcoin is not a treasure price to be precise bitcoin is as an inheritance for your descendants. bitcoin can prosper your family for generations, don't make bitcoin as an asset because wealth has no owner, whoever gets it, he will be lucky.

What you say is right there is nothing wrong. Maybe the OP meant to say Bitcoin as an investment and treasure because Bitcoin can make someone who owns Bitcoin get rich quick if they have it for future assets. this is just like what happened a few years ago bitcoin went up to $69,000. It does not rule out the possibility that if you buy bitcoin now, in the next few years bitcoin will pass through the new ATH.

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Bitcoin is the most valuable asset for me bitcoin is not a treasure price to be precise bitcoin is as an inheritance for your descendants. bitcoin can prosper your family for generations, don't make bitcoin as an asset because wealth has no owner, whoever gets it, he will be lucky.

OpenCEX

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BTC is a cryptocurrency, a type of private, digital money that operates without the involvement of a bank or government.
As an investment asset, BTC offers capital appreciation and an inflation hedge, but its volatile price swings make it a high-risk investment.

alastantiger

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Bitcoin can be called whatever you want depending on the angle you are viewing it from. Whatever i own and remains in my possession is a property to me. If someone owns a car that is being used for taxi, to him it is an investment and the car is his property. It is an investment because it is been used to generate income, samething applicable when it comes to bitcoin. Bitcoin is a digital investment and also it can be digital property because you as the owner only has access to it. You can decide to see it or give it out as a gift.
To me, bitcoin is an investment, it is one of my survival means.

tygeade

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Quote from: woez on March 17, 2023, 04:07:34 AM

Quote from: uche6215 on March 15, 2023, 02:31:03 AM

But if someone may ask you, what do you call BITCOIN?

If Bitcoin is said to be a “treasure” it has a deeper meaning because it is in limited supply and difficult to obtain, similar to how treasure is a rare and valuable item.

In my opinion, why do many people like using Bitcoin as an investment because as a form of digital currency it has potential and can be used as an investment opportunity in the future, but what must be considered is that its value can fluctuate at any time.

I would guess that using it as currency is something most people feel terrible about because we know that it is something that will gain a lot of value and that means if we spend it then we are going to end up being sad about it when the time comes and it doesn't really look like we have enough like we used to.

So, if I spend 1 bitcoin at 25k+ right now and buy a car, then when the price becomes 100k per bitcoin then I would be upset because I could have bought 4 cars with it, that is the sad part about it. This is why I believe that we shouldn't have done this, it was a bad choice and we should have avoided that as long as we possibly could and that is why people don't spend it too much.

woez

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

But if someone may ask you, what do you call BITCOIN?

If Bitcoin is said to be a “treasure” it has a deeper meaning because it is in limited supply and difficult to obtain, similar to how treasure is a rare and valuable item.

In my opinion, why do many people like using Bitcoin as an investment because as a form of digital currency it has potential and can be used as an investment opportunity in the future, but what must be considered is that its value can fluctuate at any time.

DevilSlayer

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It can be a gift or it can be a curse, there's a lot of misconception in terms of bitcoin because people think that they will easily make huge amount of money if they start accepting and buying bitcoin. I called it a gift because it can give us huge rewards, opportunities, networks and wealth if we have basic knowledge and foundation to what it is. There are now a lot of services and products all over the world that can be purchase through the use of Bitcoin, you can get a lot of abundance by understanding how it works. You can also get wealth through price appreciation or in its simplest meaning is buying low and selling it high but it is not easy as you think because there are a lot of factors that should be consider. It can bring curse to the people who are making investment without prior knowledge to what it is, they just put money without a solid and concrete plan that may cause them to lose in the future. By investing our knowledge first, we can transform that knowledge to unlimited wealth.

Nrcewker

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Bitcoins can be anything to many people. I have seen generally people treat Bitcoins as an investment option. Some use Bitcoins to trade other coins. Some use Bitcoins to pay for services and goods. So yes Bitcoins have multiple uses and features and it completely depends on how people interact with it. I am using Bitcoins as an asset only. I am HODLing it and will sell it when I get the desired amount of profit from it.

xzy887

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Quote from: taufik123 on March 16, 2023, 03:45:56 PM

Quote from: xzy887 on March 16, 2023, 12:47:21 PM

-snip-

Confusion is only created by those who do not understand bitcoin and how to treat bitcoin.

I think they are still idiots who don't understand Bitcoin yet or haven't learned how to work with Bitcoin. The demand for Bitcoin is huge in our civilization and I think the demand for Bitcoin will increase in our next generation. So those who have not yet understood Bitcoin are still far behind this civilization. They only create confusion among everyone without knowing what Bitcoin is. And so I think it is better to stay away from them.

benalexis12

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Bitcoin for me is the most important assets I got now,.. I have a strong belief on this 100%, and also knew that this bitcoin is the main instrument of God to fulfill my dreams in the future. And this is the only assets digitally I can able to inherit this to my family(wife and son). Therefore,this is more than a treasures actually that I am very proud to have it the moment.

awik p

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at first bitcoin was intended as a means of payment, from the beginning it was created there were still few people who knew and believed in it, until finally more and more people started to know about it, so that there was more and more demand for bitcoin, that's what made the price go up, until finally more and more people came to buy it. invest money with the hope of getting a profit from the investment. until now it still continues as an assumption that cryptocurrency is a place to make money

fuguebtc

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

But if someone may ask you, what do you call BITCOIN?

Bitcoin is an asset, an investment, a currency, and a means of payment… it can be said that bitcoin is like a multifunctional product, and what bitcoin depends on the intended use of each person. For me, bitcoin is an investment and a store of wealth, bitcoin offers me the opportunity to earn more money than any other investment thanks to its volatility. Besides, thanks to its decentralization, I use it to store my assets in the most private way. I rarely use bitcoin for payments because I like my privacy.

Zorigi

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bitcoin is a digital currency, and many also call it the future asset, but in my opinion, everyone has different opinions on this matter, but of course no one can change it.
because bitcoin is bitcoin.

Dr.Bitcoin_Strange

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

what do you call BITCOIN?

OP, property is something that is actually yours, so if the person you overheard said they have two bitcoins and it's their property, there's nothing bad about that. Something you own that's in your possession is your property. I say Bitcoin is my asset, and it is a very valuable asset. Sometimes someone can be referred to as an asset as well.

zaki12

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Bitcoin is a digital currency, or what we usually call cryptocurrencies that are operated through a system called blockchain. Bitcoin was created not just 1 person who wants to be rich because it creates a new financial system. But he or they are people who are fed up with the current financial system which is unjust and only favors a few certain groups of people.

Bitcoins are inflation free because they are limited in number. By its creator, the number of bitcoins is only limited to a maximum of 21 million coins. Because the number is limited and people's trust is what causes the price to soar. Is Bitcoin a treasure trove? Of course because Bitcoin is the asset of the future if you have studied it deeper, and I think Bitcoin is very safe because it uses a blockchain system which is very difficult to hack.

teosanru

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Treasure would be something you just surprisingly found in your backyard. Bitcoin definitely isn't this. But yes it's obviously an investment, it's value deviates over time and for the most part of history if you see it has gone only in the upward direction meaning that it is an excellent investment which has grown over time. Some people refer even their investments as their property so this might just be a difference of nomenclature.

livingfree

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It's not a problem if someone says that his bitcoins are his properties because it's his belonging. Property/properties isn't just limited to real estate, land or house but it's anything that belongs to you.

So if someone says that, that's true that it is his property and investment. There's nothing wrong with term used for bitcoin as an asset, investment, property, and any other terms that can be used to describe about it as a financial instrument or backing that one has.

serjent05

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Bitcoin is indeed a treasure because it needs a huge amount of energy to be mined and lots of miners are competing just to get the block reward. I also call it a currency because it possesses the characteristic of money. A store of value but not really that great though because of its high volatility.

Aside from that, anything a person owns is called his property. Just like when you buy a gadget, it is your own property. Anything that is rightfully yours is called your property.

Zakriaaaa

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Quote from: xzy887 on March 16, 2023, 12:47:21 PM

-snip-

Confusion is only created by those who do not understand bitcoin and how to treat bitcoin. Bitcoin is becoming a popular digital investment with ever-increasing prices. High volatility is a characteristic of bitcoin, but this is what makes people start pouring in to get into bitcoin.

If bitcoin is referred to as a place of wealth or as a treasure box, it becomes a term for everyone. People are free to say whatever, but the important thing is that bitcoin will be a valuable digital asset and cannot be equated with an asset like property because of its different characteristics.

The Cryptovator

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It's wealth for me. I evaluate bitcoin similarly to how I do money. Fiat currency is kept in the bank, and bitcoin is kept in a own bank. That is the difference I discovered. True, the majority of us think of investing in and profiting from Bitcoin. Yet it's a risky investment, and your wealth could be lost at any time. Regardless of what we call Bitcoin, everyone is only interested in making money. We cannot deny this actual fact.

Silberman

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Quote from: panganib999 on March 16, 2023, 02:45:52 PM

Bitcoin to me is a leverage. In more ways than one, it has been for many people too. Whether helping them financially with multiple bull runs creating one-shot millionaires in a span of few years/months, to people who just really wanted secure and seamless transactions to be made overseas. Bitcoin has become a tool that helped us realize what we wanted to do when we wanted to do it. For me, as someone who was able to get its blessings during bitcoin's biggest bullrun—back in 2018, it severely helped me attain financial success in so many ways, but if bitcoin didn't exist, do I think I wouldn't be successful, hell no! Bitcoin was there to help, but all the work still came from me. So to say bitcoin is the end-all-be-all just relinquishes the credit of effort from you, which frankly speaking, shouldn't be the case.

Correct, after all how many people we see that had known about bitcoin for a long time and they failed to achieve any worthwhile goals during the period of time they have been part of this market? Bitcoin is a very powerful tool, but like any tool it is up to the wielder to use it correctly and build the future they want, so while those that achieved their financial freedom using bitcoin should be grateful to it, they should also recognize they also played a significant part on making it a reality.

panganib999

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Bitcoin to me is a leverage. In more ways than one, it has been for many people too. Whether helping them financially with multiple bull runs creating one-shot millionaires in a span of few years/months, to people who just really wanted secure and seamless transactions to be made overseas. Bitcoin has become a tool that helped us realize what we wanted to do when we wanted to do it. For me, as someone who was able to get its blessings during bitcoin's biggest bullrun—back in 2018, it severely helped me attain financial success in so many ways, but if bitcoin didn't exist, do I think I wouldn't be successful, hell no! Bitcoin was there to help, but all the work still came from me. So to say bitcoin is the end-all-be-all just relinquishes the credit of effort from you, which frankly speaking, shouldn't be the case.

Bushdark

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Everyone has different purpose and what they intend to do with Bitcoin. If you think Bitcoin is a property then that's fine and if you think it's an investment, i think it's okay. For me Bitcoin is an asset for investment and we need to know the amount of risks we are taking before diverging into investing in it. Bitcoin can be life changing if we invest at the appropriate time. We can look into the market now that the worth of Bitcoin is lower than what it was before and this is one of the nest time for us to invest in the market so we can make better profits.

xzy887

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Bitcoin is just creating confusion. Understand Bitcoin in simple terms. The guy who spoke on the call was right. Because if your money is your wealth, then that person's money invested in Bitcoin is his wealth.Again, if you call your place wealth, then the wallet used by the person is the place to keep his invested money. He alone owns the place. So he can call that place his wealth if he wants. You can call Bitcoin anything you want, but Bitcoin is just Bitcoin.
The rest are just pseudonyms.

hannahB4

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Property means any tangible possession one owns, so you can say bitcoin is your property. But you can choose whatsoever names you want as far as it is for you.

DeathAngel

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Bitcoin is digital property, hard money. It’s a gift from Satoshi to the world, to save us from corrupt bankers & an ever decreasing purchasing power we have with our traditional fiat monies. Bitcoin is here to stay, I suggest you build the biggest position that you are able to.

People have to invest their fiat just to beat inflation, it’s just unsustainable. Bitcoin is the future, be part of it.

so98nn

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Ahh, it is same thing as arguing whether bitcoin is currency, asset or some sort of commodity which has fiat valuation. I don’t think nomenclature really matters here considering what bitcoin is and what is its status today in the current timeline. Bitcoin has got its own spark, its own value and its own investors. There is no need to call it property or some sort of asset. We use them occasionally or while speaking about it because it’s just referring word or name to understand we are talking about something that has “value”. So naming it has got least priority at this point.

drwhobox

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Bitcoin is my property since I own the bitcoins I have in my wallet, so I can call them my property. Why would you find it wrong if someone calls it their property? LOL
What is the difference between a property and an asset? The bitcoin I own is my property and a priceless asset, though it has a price tag.

Don't bother how others see bitcoin.

kryptqnick

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There are countries where Bitcoin is treated as property or something similar to property for tax purposes. The USA is among those countries, according to Investopedia. So when people say Bitcoin is property, they might mean that it's literally a form of property in their jurisdiction. And property can also be a form of investment. For example, some people buy flats, expecting the price to rise in the future, so that they can sell these flats for much more money in the future. A flat, in this case, it both a property and an investment. Some do the same thing with gold. As for treasure, let's say someone has emeralds and considers them one's treasure. But since this person owns them, doesn't it make it one's property as well? So Bitcoin can easily be an investment, a property, and a treasure, with all these words simply signifying various aspects.

MIner1448

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Like any other form of investment, bitcoin can be both a treasure and an investment, depending on how you look at it and how you use it.

On the one hand, bitcoin can be considered a treasure because its price has risen significantly in recent years. Some people think that investing in bitcoin is a way to make quick money, especially if you invested in it early in its history and have a large amount of coins.

nara1892

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I don't think it's wrong in this case because when you make an acknowledgment claim, it is certain that it is in the owned portfolio, which of course is already in the private owned wallet, both in the seed and the private key.
Actually, even though it doesn't mean that we own all the bitcoins in circulation, but we become part owners for some of it, just like we have other investments such as stocks or real estate.

xSkylarx

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It is still called your property because you own it and because it also gives you value financially or emotionally. It is an asset because of its huge amount, which is why it was treated by people as very important because it cost a huge amount. Imagine owning 2BTC is everything for me as the cost of it is very high and I am rich with it. It is really a treasure to us, like what we've seen in the movies—a treasure that is digital, and it cost a lot.

Sakanwa

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Yeah bitcoin is a life changer as you have said earlier so many life has been transformed through Bitcoin and has become one of the most important thing in there lifes,you can call it treasure or anything you wise to call it because of what it has done in people's lives. Everyone have it reason and purpose of give it there own name it just base on what it has done in there life,I might call it MY BIGGEST TREASURE due to what it has done for me, so can call it what ever you feels like is best to you.

yazher

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You own the pen

Bitcoins are clearly an asset and you could hold them like gold when you want to treasure them yourself and just put them to sleep in your wallet for 50 years and no one could touch it. With the ongoing conflict all around the world today, Bitcoins can give people convenience if war ever breaks out and we have no time to convert our gold and assets into cash. I think when that happens bitcoins price will spike because it will be the most recommendable asset that you can bring anywhere without anyone noticing you at all.

Nheer

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

I overhear someone making a call and saying he has 2BTC and that's is his property.

In simple terms what is a property? It is anything that belongs to a particular person. The bitcoin belongs to the person so he has all the right to call it his property.

What you call bitcoin doesn’t really matter everyone have his separate view, i can call it my investment or my property as long as it still belongs to me nothing else matters.

Godday

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I would call it a "High Risk Digital Asset". It's that simple. I want people to know and be interested in BTC or the world of cryptocurrencies and I will introduce them as "digital assets" where everyone can own and invest there. But I also call it "high risk" because I hope people who are interested in BTC know the risk they are taking with every trade they make. I think this can help a lot of people to get interested in BTC and also know the risks they have. Thank You

PrivacyG

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Bitcoin can fit multiple definitions, so there will be a segregation in our community. To me, it is an investment, a property, Currency and value. Maybe I can pick some other words to define it too, but none come up in my mind right now.

If you want a single definition that is generally accepted, read the White paper. There you have a very in detail definition of what Bitcoin is. If you ask us, there will be many different answers to your question. To some people, Gold is money. To others, it is an investment. But to others, it is just a metal.

Quote from: uche6215 on March 15, 2023, 05:58:36 AM

So my confusion here is that if for criterion, can I say the money on my fiat bank is my property?
I Belive that anything that's not physical doesn't worth it, but I can call my house, car, or businesses my property.

Fiat that is in your Bank Account is not your property any more. It theoretically is. But under their custody. So, to me, that is not mine any more.

Physical or not, a property is a property. You can create a business logo and sell it. That was your property and you are giving it away to the buyer. You can write a book in Word and that is yours as well. You can buy downloadable eBooks and then you own them.

Your car is your property because you have it physically? Like Amazon can cancel your purchased eBooks or Sony can cancel your downloadable PS5 games, your State can seize your car. That does not make it NOT your property.

-
Regards,
PrivacyG

uche6215

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Quote from: Doan9269 on March 15, 2023, 04:44:58 AM

Quote from: uche6215 on March 15, 2023, 02:31:03 AM

To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.

Bitcoin is an investment asset fine and good to call it, but is every of your investments not your property?

Yes, my investment in my property, but since bitcoin is a cryptocurrency and it's online money.
So my confusion here is that if for criterion, can I say the money on my fiat bank is my property?
I Belive that anything that's not physical doesn't worth it, but I can call my house, car, or businesses my property.
Please lecture me more about this.

Doan9269

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.

Bitcoin is an investment asset fine and good to call it, but is every of your investments not your property? Of course they are your property because you have them in possession but only onna digital form and that's why the most preferred term to be used for it more appropriately is an investment and not property vut in the same vein it's still your property because you own it, we most times refers physical assets as property while digital ones as investment but all are your possessions, just a difference on terms we call each one of them.

DapanasFruit

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Don't be confused by choice of words of other people...and yes stick to your own idea about it and be guided in your decisions as you journey along in the world and market of cryptocurrency with its dramatic ups and downs just like riding a big roller-coaster full of excitement and sometimes also disappointments. One can certainly call Bitcoin as a property because it is something one can own digitally...but a property can also be an investment, of course, especially if one is looking forward to gain something out of it. Just like a real estate property which is an investment into the future. Whatever you call it, the most important thing is that you own some Bitcoin hidden somewhere safely. And hopefully one day it would be a big treasure for you and your family.

hd49728

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Quote from: uche6215 on March 15, 2023, 02:31:03 AM

what do you call BITCOIN?

It must be called as Bitcoin or BTC in brief.

Bitcoin is Bitcoin and always is Bitcoin. You can consider it as a treasury, an asset, a cryptocurrency, a digital gold, a lottery ticket or whatever you think is its usability for yourself. However, about name, it has only one name, Bitcoin.

Spaceman1000$

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I think is a matter of semantics, because your property can also be your investment, just the way you invest in Real estate, the property is yours, so in turn you see it as your own investment visa Vis a Vis if there is a return in investment.

So the guy making the call might not be entirely wrong, he might see Bitcoin as an investment property, because there is also a return in your investment.

uche6215

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Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Topic: Bitcoin is a treasure. (Read 597 times)