This totally depends on personal choice. The way people treat it will be the thing it will become to them. One can choose it as an asset or a currency. People are still using Bitcoin for multiple purposes. If one is capable enough to make profits from investing in Bitcoin, then he will do just that. And if one is not capable of doing it, then they can choose it as a currency or a payment method. Also there are those who only choose Bitcoin for the technology it's built with.
People have different choice and different opinions. The conflict between them will remain as it is. So all we can do is use it for what we choose it to be.
Topic: Bitcoin IS an asset. Do you think it's bad? - page 5. (Read 722 times)
Bitcoin is a virtual currency and more people are interested in investing in this Bitcoin. I think Bitcoin is an asset that will remain as a fund for the future. Investors use this Bitcoin as an asset because Bitcoin has a near future. In today's world, most banks keep money in most banks and many people hold virtual currencies. I think it's better to invest in Bitcoin than keep it in the bank because it will be an asset. And people get a lot more freedom by investing in Bitcoin than they get from banks. So to me Bitcoin is like an asset and for the future it will reflect life.
It's the best asset out there that's worth your money, I will ditch Gold for Bitcoin any time any day and even if I have Gold right now I will sell the Gold and buy Bitcoin instead, I believe that OP is just confused, because Bitcoin can be used as a means of payment and also as a distance between the banking system and your money, Bitcoin is decentralized and with decentralization comes freedom, how can one not embrace the two? One utility isn't affecting the other.
Why don't you think it is both? If you want to use bitcoin as a payment method or currency, then use it without caring what others say. likewise, many people prefer to use it as an investment, an asset, also of their choice. No one is wrong in this situation, and it shows that bitcoin is superior to fiat, compared to gold, it is the product of a composite of the advantages of other assets. Use bitcoin your way, and don't mind what others say because everyone's life is different.
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?
How people consider and treat bitcoin is always on a personal level. There are personal reasons why everyone has an attraction to bitcoins. This is why it is important to always touch and explain all the benefits and advantage of bitcoins to someone you are talking to about bitcoins and not just the potential for it to yield profit when invested in.Truth is some people already have some kind of investment and not interested in any other kind of investment other than what they know, to these people, if you talk to them about bitcoins and you only mention the potential bitcoins have to give you profit when invested in only, they may not be interested. In stating and explaining all the benefits of bitcoin, talk about everything because you never know the one that will interest and get the attention of your listener.
Imagine meeting someone who you never had an idea that had a problem with transactions and was looking for alternatives, and then why you are engaged in a discussion with them you begin to tell him about the benefits that the bitcoins have in terms of transactions. That will definitely be of interest to him, even much better than for investment.
In conclusion, always try to be elaborate when discussing the benefits and advantages of bitcoins.
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.
I doubt literaly everyone told you that but if they did, they were wrong.
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?
The dilemma you raise is false. Bitcoin is an asset that can provide freedom from banks, and I say can because, given the way adoption is developing, it seems to me that banks in the broad sense (financial institutions) are going to play an increasingly important role in it. It is a departure from Satoshi's initial idea, but it is what it is.
I think many users aren't realize if the @OP had created two thread about similar discussion where he consider Bitcoin is an asset, not a currency.
When Bitcoin will become stable currency?
Bitcoin can't become world currency (at least now).
@OP is a rockheaded person, he won't listen with you guys, he will keep saying Bitcoin price is never been stable, high volatility, etc and don't care with the Bitcoin whitepaper which has been stated Bitcoin is a decentralized currency. I think we need to let alone him, anyway what's the point to argue between Bitcoin is an asset or Bitcoin is a currency?
When Bitcoin will become stable currency?
Bitcoin can't become world currency (at least now).
@OP is a rockheaded person, he won't listen with you guys, he will keep saying Bitcoin price is never been stable, high volatility, etc and don't care with the Bitcoin whitepaper which has been stated Bitcoin is a decentralized currency. I think we need to let alone him, anyway what's the point to argue between Bitcoin is an asset or Bitcoin is a currency?
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's the issue with both? If people are able to make money from Bitcoin, that's great! At the same time they are able to celebrate the technology behind it.
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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.
Whatever success you are seeing today in cryptocurrency market. It's because people are able to make money out of it. Making money gives purpose. Why would anyone celebrate the technology behind it if that technology is not giving any purpose to them?
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.
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Bitcoin has indeed become one of the great assets that exist at this time. So that many people use it for positive things, for example being able to make money and have financial freedom. So I think if someone views bitcoin as an investment asset or as a new decentralized currency, all of those opinions are not wrong and all of them are right. Because if bitcoin is widely used as an investment asset by many people, all of these things will directly lead to the adoption of bitcoin as a new currency. So you shouldn't be surprised if many people now view bitcoin as an investment asset. And in my personal opinion, if all of these things still have a positive impact on many people, whether they are used as investment assets or used as currency, I think it's the same thing. 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.
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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.
Fluctuate but very liquid. If you set up a business with bitcoin then you can reduce the effect of its fluctuations by several methods including instant exchange to fiat. But I'm not gonna argue that the awareness of newcomers in this space is not based on the technological benefits that bitcoin brings, only the volatility that is exciting enough to make money.
Regarding how each investor views Bitcoin, in my opinion, it doesn't matter, because while they believe in Bitcoin, it's far more than enough. I mean because it's basically a multi-purpose cause whether it's good investment advice, or making it a supported currency like El Salvador then Bitcoin adoption is what it should be.
So you don't need to get dizzy or confused, the fact is that one truth can be defined in various ways. We cannot force it to fulfill your wishes. Personally you may ands feel Bitcoin is a great asset but some still have caution and are only a high risk investment asset.
So you don't need to get dizzy or confused, the fact is that one truth can be defined in various ways. We cannot force it to fulfill your wishes. Personally you may ands feel Bitcoin is a great asset but some still have caution and are only a high risk investment asset.
Bitcoin grows because of trust, if that trust is lost it will have no value. My country has included Bitcoin as a commodity asset. So Bitcoin is an asset that has been recognized in my country. They prohibit it as payment only. So I think Bitcoin is not bad even he gave me an advantage. Indeed, instability is a strong reason to say bitcoin is dangerous. But you have to understand that stability is actually our opportunity to make a profit. If Bitcoin is stable, maybe crypto trading will be boring, difficult to make a profit.
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?
Sorry to say but the forum or community won't identify bitcoin as different from what reality that other people globally identify it with . Going by the bitcoin white paper, the other part of regarding bitcoin as an asset to be traded or invested upon for financial return could be regarded as secondary while the other part of freedom for the people to have their privacy and financial freedom against government control is the primary objective of bitcoin. So the way we can analyse your question is that it is both primary and secondary purpose which is for financial freedom in control and privacy through virtual cryptographic techniques and the secondary purpose is to regard it as an asset that is not regulated.
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.
Regarding how each investor views Bitcoin, in my opinion, it doesn't matter, because while they believe in Bitcoin, it's far more than enough. I mean because it's basically a multi-purpose cause whether it's good investment advice, or making it a supported currency like El Salvador then Bitcoin adoption is what it should be.So you don't need to get dizzy or confused, the fact is that one truth can be defined in various ways. We cannot force it to fulfill your wishes. Personally you may ands feel Bitcoin is a great asset but some still have caution and are only a high risk investment asset.
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've always been on the supporting side that bitcoin is more of an asset than any other thing people might want to think of it.
Yes bitcoin is already severing different purposes and I don't see any call for concern and one thing that .amen bitcoin and cryptocurrency in general more interesting is the volatility in its prices which makes some people happy(profit) and the others sad(loss) and I've always known that the profits comes from the losses of others.
I stand that bitcoin should be more of asset and whoever is coming to the industry should play smart and stay in profits than being the prey and staying in losses.
Bitcoin certainly has many uses, one of which can be used as a short-term or long-term investment asset, and we can also use bitcoin as a digital currency.
indeed the price of btc always fluctuates, but with fluctuations of course in my opinion it does not hinder payment transactions, but with the condition that you must know the risks of using the btc payment method.
so payments using btc can of course be done as long as it is done with
volunteer and know the risks.
indeed the price of btc always fluctuates, but with fluctuations of course in my opinion it does not hinder payment transactions, but with the condition that you must know the risks of using the btc payment method.
so payments using btc can of course be done as long as it is done with
volunteer and know the risks.
Isn't that wonderful that bitcoin is an asset that investors can invest their money on and make a lot of money doing so in time? and at the same times it is good for those who are looking for a way to get out of centralised manipulation and control
Bitcoin gives the freedom to the people who have less power to be in control of their money this is two in one feature from bitcoin alone and to me this make it an outstanding piece of technology.
If I were you I will not bother to dictate between choosing freedom or an investment assets since bitcoin is capable of offering these two features I will just go ahead with it and be satisfied with it at the same time, I like the freedom and the investment side of Bitcoin. You are free to accept Bitcoin the way you want, either for investment purposes or for getting out of centralized manipulation it is your call and everyone is free to do what they like.
Bitcoin gives the freedom to the people who have less power to be in control of their money this is two in one feature from bitcoin alone and to me this make it an outstanding piece of technology.
If I were you I will not bother to dictate between choosing freedom or an investment assets since bitcoin is capable of offering these two features I will just go ahead with it and be satisfied with it at the same time, I like the freedom and the investment side of Bitcoin. You are free to accept Bitcoin the way you want, either for investment purposes or for getting out of centralized manipulation it is your call and everyone is free to do what they like.
Depends, the initially designed was to used it as a payment scheme, we even have
Pizza for bitcoins? to proved it.
But as time goes by, exchanges where established, Mt. Gox became famous or shall I say infamous. And as time goes by, $0.1 price in the beginning becomes $69,000, last all time high.
So it really up to the individuals on how they are going to treat it, be sound money or investments or speculated assets or Store of Value.
Pizza for bitcoins? to proved it.
But as time goes by, exchanges where established, Mt. Gox became famous or shall I say infamous. And as time goes by, $0.1 price in the beginning becomes $69,000, last all time high.
So it really up to the individuals on how they are going to treat it, be sound money or investments or speculated assets or Store of Value.
You are asking people in a Bitcoin forum that whether they consider Bitcoins as bad? My friend we love Bitcoins. How can we say against it ? We have seen Bitcoins growing from nothing to becoming the high demand asset. Bitcoins have proved how worthy it is. Yes people consider Bitcoins as an asset. Unlike any other asset, the price of the coin also goes up and sometimes down. But that doesn’t mean that Bitcoins are bad. You have to live with it, and get use to this price fluctuations.
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.
There is no method of using BTC that is bad, and in all of them you are using the network, technology and the currency. BTC is censorship resistant, you can't censor people or tell them what to do with their BTC's. BTC is permissionless, people do not need permission from you to use BTC for any reason and purpose; it is a free market. Trying to tell people what to do with their BTC's is almost like censorship, because if you use fiat you can be censored by the government or bank, they can freeze your account and stop you from spending, or give you a limit, but when people choose BTC it is because they want to use their coins how they like. 
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.
at first, you are a little mistaken about what bitcoin is, bitcoin uses blockchain technology, which means bitcoin is not technology but blockchain is the technology.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.
bitcoin the value will never be stable, and that is what distinguishes bitcoin from fiat, in the cryptocurrency market there are lots of stablecoins scattered, bitcoin must retain its properties at any time, and turn into a stablecoin, that is a joke.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 free to think of bitcoin as whatever it is, just as many countries make bitcoin a commodity asset, that's normal imo. 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.
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