Topic: Bitcoin just an asset ? - page 28. (Read 9234 times)

We can't blame those people, I mean it is what they've earned so they have the freedom to spend it in anyway they wanted. But I think it has a positive feedback for us, what you ask? Its like by using Bitcoin more often by means of being an asset, we are advertising Bitcoin as well. So I guess its still a win-win even though it has been using like this.

The most important feature of a currency is that it be a stable store of value.Bitcoins are not to use them as a currency, but to either speculate on their asset value or use them to shield transactions from others. Without a stable value Bitcoin cannot truly be a currency. Rather it is a commodity asset that one trades, like gold or silver, in hopes that its value will rise and yield a trading profit.

For me bitcoin is asset in currency mode her i can cash out my asset easily through exchanges in minimal time there is no need of selling buying physically . And also its currency to buy all crypto assets like tokens.

I think the OP's use of the word "just" is to belittle Bitcoin and make it look one dimensional but it has multifaceted functions just like any other currency in the world and more. I hate these kinds of headings because they only become relevant when Bitcoin tumbles and it's obvious they are deliberately brought up by unseen hands to cause panic.

I remember Warren Buffet dropping his famous line: "Gold is just Gold."

Well, a currency is just a currency.

It is such a tricky thing to begin to try and provide Bitcoin with a firm and proper definition because it is evolving on the daily!

With each passing year, Bitcoin grows to be a far more advanced asset than it was the year before.

Is bitcoin an asset... is it a smart asset... is it a decentralised, autonomous company - which it technically qualifies as being since it employs miners, and subsequently pays these miners an agreed upon wage... Who knows what the ultimate definition for bitcoin will be.

But one thing is for certain and hopefully we can agree, not only is bitcoin a currency - but it is more than just a currency: which makes it something completely different entirely.

We should all allow bitcoin to grow.. forcing a definition on it is like telling your 5 year old son that he must become a lawyer in the future.. life and time may take him on a different course. The same thing may apply to bitcoin.

I somewhat agree to this, because I also believe bitcoin is an asset and not a payment facilitator. With the high fees and higher confirmation time, it simply can't replace the fiat in any way. However, since bitcoin is being speculated and played across the world, it is a very good asset to invest in and to hold. Investing in bitcoin can fetch you much higher return than any other conventional investment can do.

The bitcoin is not regulated and also not generated by a backup asset like fiat currency. In most cases, fiat is backed up by gold, which bitcoin is not. Bitcoin is mostly backed up by public trust and can be a disaster anytime. So play with it and save it for future as an investment asset. That's where bitcoin is good at. 

I agree with you . They do not consider Bitcoin an asset they consider Bitcoin to be an investment to make a lot of profits or use to trade internationally. I think Bitcoin will be recognized as an asset when the world government recognizes Bitcoin

It's true. Bitcoin doesn't have the capability as it stands. It would need an extra layer (and extra transaction fees) to be able to do transactions with an adequate level of speed and frequency

Bitcoin has the main function as a currency, the currency used to perform various financial transactions in the world today. But in fact bitcoin is more often used as an asset, those who choose bitcoin as an investment are usually the ones who want to profit from the rapid rise and fall in the bitcoin price.

Indeed. Bitcoin can play a role of being just an asset. But it does not end just like that because although it is an asset for some people because their reason that it is just for keeps. But why are we holding or keeping our bitcoin? Because of its popular usage that is proposed to be a currency which exactly termed to be a cryptocurrency. The future currency of this era that will be used to be a way of payment to many establishments. Yes its price is still unstable and dumping but bitcoin ia created to be a currency type not just an asset.

It has stabled in some countries like Australia, Japan, and India. So bitcoin is not a real coin because it is a crypto digital currency. Which is exist but not not in a liquid or solid form. So bitcoin is now stabling in different countries or we can say that it is stabling worldwide. Therefore bitcoin has bring the change for transaction in an August.

For me bitcoin is also a currency, but bitcoin can be seen as asset too. Bitcoin is universal tool for many things now, for paying, saving, investing, what one individual wish he can do with bitcoins, but its pointless to classify bitcoin.
Use bitcoins as you wish is good suggestion from you, don't pay attention what others say about it, bitcoin is capable to handle our needs for profit, for good earning, to give us fun. For now bitcoin has potential to be that in next decades, if nothing bad happen to blockchain. Bitcoin is perfect you said it right, with possibilities and potential, we must see it as something perfect.

 A currency is what you can use in exchange for goods and bitcoin can and is doing that perfectly well.It is a currency for me cause I use it to buy and sell goods and services. So the answer to your question is what would you like it to be. People don't understand it is completely decentralised, strong, so it's the best, it's use depends on person to person. it has to be the perfect currency for payments, surpassing the dollar, the euro, and the other big fiat currencies.

Once the market gets bigger and there are more ways to access bitcoin.. trustworthy exchanges, ETFs, the price will stablize.  In the end though the bubble has burst for now, I fully plan to buy back in and fully expect ETFs to hit some stock exchanges at some point. This will drive up demand significantly. In the end I believe Bitcoin is going to stay king, and that the crypto space would be better served used as a store of value, like gold, rather than investing in the tech, because like I've mentioned already, it's all open source anyways so anyone can rip off or create their own at any time. Since bitcoin has the name recognition and exposure, it's important we support it, assuming they take the necessary steps to reduce fees and improve the tech over time for scalability.

Yes if you think the Bitcoin and gold both are same then you are wrong. Gold value is less to compare Bitcoin but it has more value in the international market, and it got huge investors all over the globe. Even Bitcoin also become popular in all over the world but people will not believe Bitcoin like gold because of huge price fluctuation.

Right now the barrier to entry with bitcoin is about the same or slightly more difficult then that of setting up a Fidelity account and trading stocks, so I'd put it at the level of a stock... the value it has is given by what people are willing to pay for it, like a stock or commodity.  People love the profit aspect of it but the crypto space won't have confidence by joe sheep until a coin exists that maintains a fixed price without fluctuating all over the place all the time.

Of course the fixed supply aspect is a net benefit because fiat currencies always inflate, but the crypto space's inflation comes in the form of new altcoins being introduced all the time which serve to dilute the value of the existing coins. This is where sticking with bitcoin makes sense... it's  basically the gold standard .. the one people will sell the rest to hold onto. I'd say Litecoin, but it was just trading at a $180M market cap a few months ago, so it's future of being pumped to $100 per coin is far from certain. It's inherently no better than bitcoin and there are a lot of alts with superior tech at this point.  It has the advantage of being traded on the likes of Coinbase and others and being perceived by many as being the "silver" to bitcoin's "gold." Keep in mind that despite the fact there's about the same amount of silver above ground as gold, the gold to silver ratio is around 75:1

In the end, since everything is open source and all these altcoin's blockchains can be ripped off to create new coins or used by corporations without remuneration, I wouldn't trust any other crypto for long term holding than BTC, assuming they keep up with scalability and fees go down.  Altcoins are for play money.. invest no more than 5-10% of total holdings in any given one.

Nobody, and I mean NOBODY, will ever use the features these shitcoins provide, like bitbay, wagerr, etc. They're interesting, but real world usage isn't going to happen, and if it does, a big player will rip off the blockchain tech and create their own version that's transparent to the end user, meaning they'll create a web interface around it and make it so the person doesn't even know they're using a a tech based on the blockchain  unless they research it. Of course nobody cares, and will still invest in them, thus so will I. I wanna make money after all.

Anyone can find bitcoin as per their need. That must be one of amazing characteristics of bitcoins. Multicharacterized is not feasible for all systems but bitcoins comes with such a beauty makes it more versatile.

Bitcoin can be just an asset for those who look for investing. For a trader it must be an commodity and currency. We cannot be sure why bitcoin was invented. Satoshi Nakamatto might have planned up everything too. Practically we are into an era where bitcoin is most suitable as an asset but there will be no restrictions to start using it as currency too.

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A currency can still be considered as asset so the mere fact that Bitcoin is the currency it can still also be an asset from everyone. No matter how will pepole denies it Bitcoin's really capable to a medium or mony transaction.

For me, bitcoin is not just a means of payment transactions but an asset that has an important role in my life, and I have made bitcoin a source of income that certainly helps my economy meet the cost of daily living needs.

To me, Bitcoin is an asset that has a supernatural character. Can not be touched or seen. Maybe the word "supernatural" sounds weird, but it can ease our way of life. And BTC is my asset to my grandchildren in the future.