Bitcoin is an online asset, this is because you have a value for your BTC owning and every online asset fluctuates, that's where investors make their money. Anything called an asset that is stable is not worth purchasing as it might not give you a reasonable ROI when you need it. This shows that the fluctuation and volatility of Bitcoin are a plus to it, it's you that should know how to study it to know the time to buy it cheap and sell it high.
Still, you should know that no one will have total freedom from the bank, not through Bitcoin as the total supply is even short. This can only push the demand higher and increase the price over time and also ease the overbearing principles and nature of banks.
Topic: Bitcoin IS an asset. Do you think it's bad? - page 3. (Read 722 times)
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 can be both, OP. Either way it's not that bad at all anyway, there are people in crypto that are purely for storage of their money without involving 3rd party authority. 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.
Why bother banks and their cards when you can just get a wallet of your favorite then store those shiny Bitcoin that you can buy anyway?
Regarding asset part, let people be on how they treat Bitcoin. It's decentralized anyway so no one will dictate one day that it is purely for earning money nor for storage of money. It's to everyone of their own.
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This. Nobody cares how Person A uses his/her Bitcoin compared to Person B. Just like not every person that has computer are using it for gaming, some are for production. 
Everything has its positives and negatives. Bitcoin is no exception, Bitcoin has its pros and cons, but if the pros and cons are compared, I think the positives outweigh the negatives. If we can't use something properly then its results are not supposed to be positive.
There are many investors in Bitcoin who invest without minimum understanding of the market and when they lose their investment due to lack of minimum understanding of the market they spread these negative news about Bitcoin but if investing with certain rules and understanding of the market. If so, I think it is possible to achieve success from Bitcoin.
I definitely agree with that, bitcoins positives are 10 times bigger than the negatives and that is why I love it so much. People are focusing on the wrong thing way too much and we should be able to reach out to the single most important thing we possibly could, there is absolutely nothing that would be good or bad at the end of the day.There are many investors in Bitcoin who invest without minimum understanding of the market and when they lose their investment due to lack of minimum understanding of the market they spread these negative news about Bitcoin but if investing with certain rules and understanding of the market. If so, I think it is possible to achieve success from Bitcoin.
This is why we believe that we can't have anything that would be bad in the end, it has to be something that we could end up with that results in a good thing if we keep holding it and knowing that there is a good chance we could end up with a good situation. I personally believe that the best thing to do would be a good result and I will keep holding for a long time if I can, as long as possible.
- satoshi is a Bitcoin unit. Bitcoin Table of Units.
- Don't misuse two words.
Bitcoin is not a technology. It is a product from blockchain technology.
People can use bitcoin differently. Some will use it as an asset. Some will use it as a currency, a payment method. Some will use it as a tool for trading on cryptocurrency market. Some will use it as a mean for their scam.
Bitcoin (with a capital B) = the technology, the network
bitcoin (with a small b) = the investment, the currency, the asset, etc
mk4 this capital letter and the lower case B might have confused scholars but thank you very much for making it clear for us to understand. Personally I don't know the differences before, I was just using the two like that. So next time when I am using them, I will use it base on the context needed at the phrase or clause. Noted. bitcoin (with a small b) = the investment, the currency, the asset, etc
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.
Naturally and still normal why this happens. If you want to monitor it, it's easy to see that the excessive hype created by the media has always been led to say that cryptocurrency focuses only on financial gain rather than the technology behind it. One more thing that has always been a hindrance is that many countries have not established clear and protracted regulations, so this creates uncertainty for market participants but, What we need to underline together This does not reflect the entire cryptocurrency industry. Many parties also play a role in developing this innovative solution so that it has a positive impact on various sectors of life.
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?
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 is not considered bad by anyone, Bitcoin is considered bad by those who have no knowledge about Bitcoin.Bitcoin is much less than $1 in the first instance from zero to becoming a high demand asset.Currently Bitcoin plays one of the major platforms in the economy. Bitcoin investment is increasing and those who like Bitcoin consider it as an asset. Although cryptocurrency investment is risky but we never recommend investing all assets.Bitcoin makes transactions easier and faster than fiat. This is why Bitcoin investing is preferred as a fast-paying currency transaction.
To put it simply, you can invest in bitcoin, but do not put everything in it and still have something for other assets around.
yes, it's true because btc has a fluctuating nature so of course it's very risky so it's true that investing in btc must use idle money, so that means don't use all assets to invest in btc because
of course btc is different from gold.
and I really agree with your words.
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 ?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.
cannot we consider this as Asset at the same thing as currency?
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.
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.
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?
Bitcoin have various disciplines, it gets to be an investment asset for some people. The same bitcoin is used as trading asset by certain group of people. The object is the same and the usage varies depending upon the people. Bitcoin having the value that fluctuates make it have different form of usage. Bitcoin having good value makes is get used as a form of money. From the fiat currency we've reached the completely technology backed cryptocurrency, where the success relies on the limited supply. In all ways of usage it is good for the users.
I don't think Bitcoin will ever fully stabilize, but it doesn't mean it can't function as money, and it also doesn't mean it can't be both an asset and a form of money. I didn't come to Bitcoin because of potential gains or the positive hype. I came more out of curiosity for some new type of money that's fully digital and independent. I do believe Bitcoin will continue slowly growing over time, but I'd also gladly have it if it instead somehow froze in value, and we knew it won't ever go up again. But that's not the case, and of course many are drawn to Bitcoin because of it being a good asset.
I'm sure you have collected more information about Bitcoin than I thought, the contents of your post have explained the advantages of Bitcoin technology and you admit Bitcoin is a great asset. Then why are you still doubtful about the potential that Bitcoin generates, I don't want to think any further about Bitcoin. My knowledge of Bitcoin is enough to make me believe in Bitcoin as a store of value for the present and the future.
I feel lucky to live in a time when Bitcoin is developing, I can tell my children and grandchildren about my involvement in Bitcoin investment and how Bitcoin is developing today.
I feel lucky to live in a time when Bitcoin is developing, I can tell my children and grandchildren about my involvement in Bitcoin investment and how Bitcoin is developing today.
As of today I still think that bitcoin is still a great asset to be owned, although I wouldn't recommend doing something reckless such as getting in debt just to invest in bitcoin, but overall it is not that bad to own one. You were also right that it can still be treated as a technology that can offer up infinite possibilities specially in todays age which people are now more inclined to the usage of internet and modern technology. I do believe that the creation of bitcoin and blockchain technology can pave the way to open up more opportunities in the future, not just only in terms of finance but also in different aspects in our modern day.
There's nothing wrong about it, it can be both an asset and a currency.
If you save your money, that is also called an asset. If you save gold necklaces, rings, and bars in your vault, that is called an asset too and it can also be used as means of paying someone about something, a trade or barter or you could pawn or sell it for cash.
Any way an investor wants to think about what he bought is not something we could control anymore. If he/she likes to keep it as an asset, then so be it. Now if he/she have transaction that must be done in daily basis then Bitcoin could also be a good choice for it. I don't think it matter between the two options.
If you save your money, that is also called an asset. If you save gold necklaces, rings, and bars in your vault, that is called an asset too and it can also be used as means of paying someone about something, a trade or barter or you could pawn or sell it for cash.
Any way an investor wants to think about what he bought is not something we could control anymore. If he/she likes to keep it as an asset, then so be it. Now if he/she have transaction that must be done in daily basis then Bitcoin could also be a good choice for it. I don't think it matter between the two options.
Agreed. But I still don't understand people that spend their Bitcoin. I don't judge them, but I feel that they are wasting it when they buy coffee or VPN subscriptions with it. On the other hand, we need Bitcoin adoption to attract more people and make BTC more valuable.
Everything has its positives and negatives. Bitcoin is no exception, Bitcoin has its pros and cons, but if the pros and cons are compared, I think the positives outweigh the negatives. If we can't use something properly then its results are not supposed to be positive.
There are many investors in Bitcoin who invest without minimum understanding of the market and when they lose their investment due to lack of minimum understanding of the market they spread these negative news about Bitcoin but if investing with certain rules and understanding of the market. If so, I think it is possible to achieve success from Bitcoin.
There are many investors in Bitcoin who invest without minimum understanding of the market and when they lose their investment due to lack of minimum understanding of the market they spread these negative news about Bitcoin but if investing with certain rules and understanding of the market. If so, I think it is possible to achieve success from Bitcoin.
There's nothing wrong about it, it can be both an asset and a currency.
If you save your money, that is also called an asset. If you save gold necklaces, rings, and bars in your vault, that is called an asset too and it can also be used as means of paying someone about something, a trade or barter or you could pawn or sell it for cash.
Any way an investor wants to think about what he bought is not something we could control anymore. If he/she likes to keep it as an asset, then so be it. Now if he/she have transaction that must be done in daily basis then Bitcoin could also be a good choice for it. I don't think it matter between the two options.
If you save your money, that is also called an asset. If you save gold necklaces, rings, and bars in your vault, that is called an asset too and it can also be used as means of paying someone about something, a trade or barter or you could pawn or sell it for cash.
Any way an investor wants to think about what he bought is not something we could control anymore. If he/she likes to keep it as an asset, then so be it. Now if he/she have transaction that must be done in daily basis then Bitcoin could also be a good choice for it. I don't think it matter between the two options.
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?
What is wrong if people make Bitcoin as a digital asset? If you think fluctuation or volatility is bad for Bitcoin as an asset, it is untrue. Even fluctuation or volatility is the advantage of Bitcoin, it makes people earn high profits. You can imagine if Bitcoin has no high fluctuation or volatility, how the price can soar significantly? You misunderstand if you think fluctuation or volatility is a bad thing.By the way, we can use both as an asset and as a payment tool. But you need to adjust it to the law or regulation in your country. In my country, Bitcoin can use as a digital asset only, it can't be a payment tool. But in other countries, Bitcoin is possible to use as a payment tool.
To be fair, if bitcoin wasn't volatile in the first place and didn't generate the huge returns that made many people millionaires, would we invest in it, and would it become as popular as it is today? I don't think if bitcoin were stable, it would have achieved the success it is today. In my opinion, bitcoin is really more suited as an asset than a currency.
But it should also be added, it has all the characteristics of a currency, so there is nothing wrong with those who use it as a currency. Bitcoin is the world's first currency and payment method that can use cross-border money transfers at low cost, without taking too much time and complicated procedures like today's centralized systems. Bitcoin is a flexible asset, and we can use it as we want and for our purposes.
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 are dead wrong, the whole idea of Bitcoin is not to become a stable digital currency, it's impossible, many people think that the volatile of Bitcoin is the problem, they lack understanding it seems, if Bitcoin doesn't retest old value how will adoption work? Do you think that people will buy something that remain in the same position forever? No, the reason why stable coins prevail is because of Bitcoin and Ethereum, to be able to take advantage of the dips and move money around easily is why stable coins like USDT survives, the devs of USDT should thank Bitcoin, if not, there will be no reason for anyone to buy USDT. 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.
Many people that gets into Bitcoin investment either wants a better life or they want freedom through the decentralized characteristic of Bitcoin, it's users choice to pick a side but who cares? All we want for Bitcoin is better adoption rate and they reason why people make a choice is less of my business.
Bitcoin creates value and also gives unending opportunities to those that already missed out, if you can use the halving cycle to your advantage it's good and if you can't it's left for you, there is nothing in this world that has good value and also gives newer opportunity to those who are once left out, only Bitcoin does this.
All it takes it's for you to be in the right state of mind and try as much as possible to understand Bitcoin, it's like a yin and yang theory, some invested when it's low and sell when it's high, it must not stay at high forever so that other people can benefit again, volatility is the best thing that ever happened to Bitcoin, to me it makes sense and to many it doesn't, that's fine by me.
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