Bitcoin IS an asset. Do you think it's bad? - page 2.

serjent05

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Quote from: Kakmakr on May 19, 2023, 05:27:12 AM

The people that are telling you that are most probably just speculators. They bought Bitcoin, because they heard that there are profit to be made... so they were pulled to it like flies to shit. Roll Eyes

Bitcoin are like any other currency... you can trade currencies like a commodity and you can use it as a currency. (Forex trading) So do not be fooled by idiots that are just here for the "greed" .... a lot of people like myself ..use Bitcoin to buy food and to pay for goods and services. (You just need to find someone that will accept it as a payment option) Wink

Same here, I also use Bitcoin as a currency, I use it to pay bills and items I ordered online. Though just like anything that has value, I also look at it as an asset, investing in it and holding part of the Bitcoin I bought or earned while spending and trading the other part. I think that features of Bitcoin should not go to waste instead we should take advantage of it and enjoy the benefits Bitcoin tech has offered.

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Quote from: TheGreatPython on May 19, 2023, 04:28:34 AM

Quote from: Bobrox on May 16, 2023, 10:43:07 PM

Some people mind's Bitcoin is an assets as their investment at the future with potential raising to higher price, but don't blame with another side Bitcoin is digital payment currencies will make all transaction easy and faster. Indeed not adopt or legal in many countries but Bitcoin can help us how to make transaction payment faster than fiat and why many companies try to adopt bitcoin as their payment way.

Its not mistake when having mindset about is an assets, many people become bitcoin investor because want to earn much profit at the future as their investment assets. But with Bitcoin can adopt for payment currencies and have many advantage than fiat will give another reason about bitcoin is not an assets only but also bitcoin working well when adopting as payment currencies transaction.

Well, the primary purpose of Bitcoin was not to become an investment asset, Satoshi created Bitcoin so that it can be used as a decentralized payment method to make peer-to-peer transactions much cheaper than traditional ways and also having decentralization so that your activities are not being watched by central authorities of where you live.

It has now become an asset as well only because it has got significant success and the price rose too high, so people saw potential in it to earn profits by investing every now and then and that is how it has also become an investment asset.

Yes, bitcoin is being used improperly for the original purpose of Satoshi when creating it. But it can be seen that when it acts as an investment, it has benefited us a lot, and many other people have changed their lives thanks to bitcoin. So what's wrong with bitcoin being in our favor? If bitcoin had not become an investment and used only as a currency, and it would not have achieved the success it is today, not creating much value for society. Is it still good? I think it doesn't matter how bitcoin is used, what matters is how useful it is to us. Whether it's investment assets or currencies, it's all true.

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with the presence of bitcoin on this earth, of course I feel happy because the presence of btc has provided many benefits, of course, for people who have successfully invested in btc.

In my opinion, BTC is a good investment asset, because its fluctuating price provides many opportunities to earn profits for those who are interested in investing in BTC and know the science of investing in BTC.

btc can also be used as a digital currency
and now what I know is that many people have started buying and selling transactions of goods such as selling clothes and so on and payments can use bitcoin,
so i think btc is running normally and good.

Kelvinid

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Bitcoin has been introduced as another form of currency (digital currency) but it seems to know that it never works that fast and attractive because people are really doubted if it works and have no knowledge about this. But fortunately, it has to find out that it works and gains more attention when people make use of this as an investment- buy, sell, and earn money.
of course, we can say that the majority are considering this as an asset but this time when many establishments are accepting this as a form of payment, it actually changes the insights that is not impossible to consider Bitcoin as currency.

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Quote from: crypticj on May 15, 2023, 02:03:34 AM

Hello everyone.

Lately, I've been talking with a lot of people on this forum and before that, I really thought that most people here treat Bitcoin as a technology that gives us freedom and represents ideas of satoshi, but I realized that everyone I talked to treat it just like an asset to invest in.

I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

You should not be surprised or disappointed, although bitcoin has not been used as intended by the Satoshi who created it, it has been and is making great benefits for us. We don't need to care too much about what bitcoin is for but care about its benefits, whether it's a currency, it's an asset, as long as it benefits us, that's a remarkable thing. Don't be too rigid when things don't go according to theory or what we know.

Kakmakr

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The people that are telling you that are most probably just speculators. They bought Bitcoin, because they heard that there are profit to be made... so they were pulled to it like flies to shit. Roll Eyes

Bitcoin are like any other currency... you can trade currencies like a commodity and you can use it as a currency. (Forex trading) So do not be fooled by idiots that are just here for the "greed" .... a lot of people like myself ..use Bitcoin to buy food and to pay for goods and services. (You just need to find someone that will accept it as a payment option) Wink

Twentyonepaylots

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Quote from: TheGreatPython on May 19, 2023, 04:28:34 AM

Quote from: Bobrox on May 16, 2023, 10:43:07 PM

Some people mind's Bitcoin is an assets as their investment at the future with potential raising to higher price, but don't blame with another side Bitcoin is digital payment currencies will make all transaction easy and faster. Indeed not adopt or legal in many countries but Bitcoin can help us how to make transaction payment faster than fiat and why many companies try to adopt bitcoin as their payment way.

Its not mistake when having mindset about is an assets, many people become bitcoin investor because want to earn much profit at the future as their investment assets. But with Bitcoin can adopt for payment currencies and have many advantage than fiat will give another reason about bitcoin is not an assets only but also bitcoin working well when adopting as payment currencies transaction.

Well, the primary purpose of Bitcoin was not to become an investment asset, Satoshi created Bitcoin so that it can be used as a decentralized payment method to make peer-to-peer transactions much cheaper than traditional ways and also having decentralization so that your activities are not being watched by central authorities of where you live.

It has now become an asset as well only because it has got significant success and the price rose too high, so people saw potential in it to earn profits by investing every now and then and that is how it has also become an investment asset.

Indeed, people are always adapting to what is currently happening, so the thing with bitcoin is that it is not fully utilized as a payment for now, so people are really seeing it as an investment rather than as a way of paying goods or services. It is undeniable that there is really a potential in investing in bitcoin specifically so we cannot blame those who took advantage of this. I think taking it as an asset is okay since you are taking advantage of making it as a potential way to earn profit passively when you decide to hold it. Just always know that it is still a risk to invest on this so just invest what you can afford to lose and take good decisions in your investment so you can really earn more or earn at least something from it.

TheGreatPython

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Quote from: Bobrox on May 16, 2023, 10:43:07 PM

Some people mind's Bitcoin is an assets as their investment at the future with potential raising to higher price, but don't blame with another side Bitcoin is digital payment currencies will make all transaction easy and faster. Indeed not adopt or legal in many countries but Bitcoin can help us how to make transaction payment faster than fiat and why many companies try to adopt bitcoin as their payment way.

Its not mistake when having mindset about is an assets, many people become bitcoin investor because want to earn much profit at the future as their investment assets. But with Bitcoin can adopt for payment currencies and have many advantage than fiat will give another reason about bitcoin is not an assets only but also bitcoin working well when adopting as payment currencies transaction.

Well, the primary purpose of Bitcoin was not to become an investment asset, Satoshi created Bitcoin so that it can be used as a decentralized payment method to make peer-to-peer transactions much cheaper than traditional ways and also having decentralization so that your activities are not being watched by central authorities of where you live.

It has now become an asset as well only because it has got significant success and the price rose too high, so people saw potential in it to earn profits by investing every now and then and that is how it has also become an investment asset.

rybako

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Quote from: crypticj on May 15, 2023, 02:03:34 AM

Hello everyone.

Lately, I've been talking with a lot of people on this forum and before that, I really thought that most people here treat Bitcoin as a technology that gives us freedom and represents ideas of satoshi, but I realized that everyone I talked to treat it just like an asset to invest in.

I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

You should not ignore the technology aspect. Crypto is popular mainly because of the technology offered by blockchain.

xen1oph

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I get where you're coming from. Bitcoin's dual nature as both a technology and an investment asset can be a bit perplexing at times. But you know what they say, "Money talks." The investment aspect has undeniably attracted a lot of attention and fueled its growth. However, I don't think it's necessarily a bad thing. As Bitcoin continues to gain mainstream adoption, its potential for disrupting traditional financial systems becomes more evident. So, while the investment aspect dominates now, it doesn't mean we've lost sight of the original vision. It's all part of the journey!

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Quote from: ChiBitCTy on May 17, 2023, 11:50:13 AM

It drives me absolutely insane when people simply see and view bitcoin only as a financial asset, and not the breakthrough technology that is a decentralized currency that solved double spending.

Right??? I have the same feeling. I've been frustrated for the past week because everything I see points to bitcoin being just an asset to people. But we all know that it was created as the technology, not as a way to earn money and trade.

I don't know how we can fix this problem because it is rooted deep in our community. And the case is, even if a person thinks of a bitcoin as an asset, he should realize that in order for bitcoin to evolve and get adopted, it should be money, not an asset.

ChiBitCTy

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Quote from: crypticj on May 15, 2023, 02:03:34 AM

Hello everyone.

Lately, I've been talking with a lot of people on this forum and before that, I really thought that most people here treat Bitcoin as a technology that gives us freedom and represents ideas of satoshi, but I realized that everyone I talked to treat it just like an asset to invest in.

I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

It drives me absolutely insane when people simply see and view bitcoin only as a financial asset, and not the breakthrough technology that is a decentralized currency that solved double spending.

Cypherpunks have been trying to create bitcoin for decades, and now it’s here, and should be utilized as currency as often as possible. The more that bitcoin is used as a currency, the more it legitimizes it as an asset, which gives it a major utility.

Those who don’t see it as such simply don’t understand finance overall and why it’s important. Drives me insane.

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Quote from: crypticj

What do you guys think about that?

Bitcoin is an asset which we can use to grow our business and also use to exchange goods and services without using fiat money. You can buy BTC and store for like 1 or 2 years before you can sell to make profits like the way we buy land to wait for the land to appreciate before we can sell to make a good profits at the moment.

Quote

Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

It is very okay to treat BTC as an asset, and also treat it like technology because investing on BTC in the community make people to look at you like someone that has future because you just used your money on something that will bring you progress in the future. And we can also treat BTC as a technology we use to eliminate delay in transaction and also make the money safe for future purpose.

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Quote from: crypticj on May 17, 2023, 12:49:02 AM

Quote from: kotajikikox on May 16, 2023, 11:02:54 PM

Just an asset? what about a currency as its stand by the name? though many of us threat this as asset yet some are still use this as Currency so why ?
cannot we consider this as Asset at the same thing as currency?

Unfortunately, because of bitcoins' unstable price, it won't be accepted as a currency by the majority of people. Yu can say it about gold, but only because it's price doesn't go down or up 10% every week.

Bitcoin officially cannot be used as a currency like fiat, the reason is that the government doesn't want it because it can't control it and it's also unstable and many other reasons. But that doesn't mean we can't use it individually and we can use it individually with anyone and anywhere or if there are stores that use bitcoin transactions. For example, we want to transact with parties abroad, we have to wait for bank working days and hours to be able to make transactions, and if we use digital currency or bitcoin, we can transact anywhere and anytime safely and quickly. And this method has been used by many people for a long time, and I do it too, even though bitcoin is still illegal in the country where I live, I can still make transactions privately.
and bitcoin can also be used as an asset to store value but especially for the long term, and bitcoin can be used both as an asset and as an alternative means of payment transactions and everyone is free to do it wisely.

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Quote from: crypticj on May 17, 2023, 12:49:02 AM

Quote from: kotajikikox on May 16, 2023, 11:02:54 PM

Just an asset? what about a currency as its stand by the name? though many of us threat this as asset yet some are still use this as Currency so why ?
cannot we consider this as Asset at the same thing as currency?

Unfortunately, because of bitcoins' unstable price, it won't be accepted as a currency by the majority of people. Yu can say it about gold, but only because it's price doesn't go down or up 10% every week.

Admittedly, bitcoin's volatility is one barrier that keeps people from accepting it as a currency, but it's not the only cause. I think the main reason is because the government, they are the biggest barrier, they will never recognize any assets that are not under their control as currency. As long as they realize that, no matter how volatile bitcoin is, people will still use it as a currency.

But you also have to agree with me, it may not be the world currency, but it is the best investment due to its volatility. Tell me, what do you enter this market for? You love technology, do you want to spread bitcoin as a currency or for money and profit?

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It's not that bad as long as it's not the only asset you have in your life because you can't always rely on it because the short-term investment of bitcoins does not have a high chance of rising its price for the past years you need to wait for long to always get a decent amount of earnings if you wanted for the price to increase. If you decided to keep it as your asset and wanted to hold it for long, then you are on the right track and that's the best thing you could do before the price will spike once most people will migrate their assets and flock to buy bitcoins.

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Quote from: crypticj on May 15, 2023, 02:03:34 AM

Hello everyone.

Lately, I've been talking with a lot of people on this forum and before that, I really thought that most people here treat Bitcoin as a technology that gives us freedom and represents ideas of satoshi, but I realized that everyone I talked to treat it just like an asset to invest in.

I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

For what it's worth, Bitcoin is first a technology and secondly it is an asset. And as an asset, you don't expect it to be stable, and I don't think it was developed to be stable.

Crypto is a form of stock market, why because there are trading going on every single sec, so it shouldn't be surprising to you.

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First of all, I consider Bitcoin as the currency of freedom. It grants me full control over my funds without any reliance on third parties to hold or control my money. With Bitcoin, I have the ability to remain uncontrolled, untracked, and untaxed, at least for now in my country.

Quote from: crypticj on May 15, 2023, 02:03:34 AM

~snip~
I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

Regarding your point, I share the same opinion as the people you asked and I don't think Bitcoin will ever be stable. Its price has always been fluctuating and it will probably continue to be so because of the enormous demand for it and the constant buying and selling of Bitcoin in the market. This high volatility is normal and it is likely to remain that way given the high price of Bitcoin.

Quote from: crypticj on May 15, 2023, 02:03:34 AM

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks
~snip~

I maintain a neutral stance on this matter. People are entitled to their own perspectives and beliefs about Bitcoin and I do not wish to interfere in between. Some see it as a currency, others see it as a promising investment opportunity and some even consider it a technology that can liberate us from traditional banking systems. I respect people's diverse opinions and choices as long as they do not cause harm to Bitcoin in any way.

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Quote from: Bobrox on May 16, 2023, 10:43:07 PM

Some people mind's Bitcoin is an assets as their investment at the future with potential raising to higher price, but don't blame with another side Bitcoin is digital payment currencies will make all transaction easy and faster. Indeed not adopt or legal in many countries but Bitcoin can help us how to make transaction payment faster than fiat and why many companies try to adopt bitcoin as their payment way.

Its not mistake when having mindset about is an assets, many people become bitcoin investor because want to earn much profit at the future as their investment assets. But with Bitcoin can adopt for payment currencies and have many advantage than fiat will give another reason about bitcoin is not an assets only but also bitcoin working well when adopting as payment currencies transaction.

In summary, bitcoin is bitcoin, and whether it becomes an investment or a currency depends on individual needs. There's nothing wrong with me considering it an investment and nothing wrong with you treating it like a currency, it all depends on one's needs. That's an advantage of bitcoin that no other asset class has, why don't we take full advantage of those advantages? We always debate what bitcoin is. I like to use bitcoin as an investment because of its volatility, but if I can't use fiat for payment, then it would be the solution for me.

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Quote from: kotajikikox on May 16, 2023, 11:02:54 PM

Quote from: crypticj on May 15, 2023, 02:03:34 AM

Hello everyone.

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

Just an asset? what about a currency as its stand by the name? though many of us threat this as asset yet some are still use this as Currency so why ?
cannot we consider this as Asset at the same thing as currency?

O think for most of us BTC is an asset, not a currency. I wouldn't want to waste my BTC on coffee, clothes, or something like that. I mean, it definitely can be both, it just depends on perspective.

Topic: Bitcoin IS an asset. Do you think it's bad? - page 2. (Read 722 times)