Currency v Property - page 4. | Bitcointalksearch.org

clickerz

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Quote from: arwin100 on November 17, 2016, 05:47:11 AM

I can say bitcoin is both property and a currency its because if you choose to hold it well you can calld it as your property that will grow someday, and also if you choose to pay it for deals,goods,pays or anything transactions you want is can be called also a currency thats why i can say its both since bitcoins is flexible and can be used in different aspects if we want to, just used it wisely.

It means that bitcoin like cash is also liquid. You can transfer into cash, or buy nything you want. That is the advantage of bitcoin, and also through ime it also appreciates in value. Property also apprecciates in value, but in time of financial emergeny its hard to turn it into cash. You can pawn or well it for a lower price for fast transaction.

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Quote from: cpfreeplz on November 03, 2016, 11:25:30 AM

It's a currency. Just because it fluctuates and isn't like any other currency out there doesn't make it any less of a currency. Governments just want to classify it so they can figure out how we should be taxed!

This is true. Governments are looking to classify it in a way that it can be taxed at the maximum levels.
But they are slow to initiate steps on this and courts all over the world are giving rulings on the classification of Bitcoin.

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Quote from: groll on November 17, 2016, 04:49:50 AM

Quote from: n0ne on November 03, 2016, 11:20:07 AM

Quote from: Pitchblackroom on November 03, 2016, 10:00:03 AM

Bitcoin as of now feels more like property than currency.

It is sort of an investment that you just sit on and then cash out when you want to.

Not as much purchasing power with Bitcoin on buying goods.

As described bitcoin as a form of investment has got similar features to property as an investment. Property grows in accordance to time. Very rarely investment on property gets failed or ends up in loss. Same is our bitcoin which is unpredictable and most of the time rises in price compared to other forms of investment.

I agree. Bitcoin is more likely a property than a currency. Since if we invest it, it grows and we gain profit from it just like any property. I think most bitcoin holders make bitcoin as an investment than spending it in paying goods just like money. Most people convert it to paper money before they spend it than using it as virtual currency in paying goods. So for me, bitcoin is a property.

I can say bitcoin is both property and a currency its because if you choose to hold it well you can calld it as your property that will grow someday, and also if you choose to pay it for deals,goods,pays or anything transactions you want is can be called also a currency thats why i can say its both since bitcoins is flexible and can be used in different aspects if we want to, just used it wisely.

groll

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Quote from: n0ne on November 03, 2016, 11:20:07 AM

Quote from: Pitchblackroom on November 03, 2016, 10:00:03 AM

Bitcoin as of now feels more like property than currency.

It is sort of an investment that you just sit on and then cash out when you want to.

Not as much purchasing power with Bitcoin on buying goods.

As described bitcoin as a form of investment has got similar features to property as an investment. Property grows in accordance to time. Very rarely investment on property gets failed or ends up in loss. Same is our bitcoin which is unpredictable and most of the time rises in price compared to other forms of investment.

I agree. Bitcoin is more likely a property than a currency. Since if we invest it, it grows and we gain profit from it just like any property. I think most bitcoin holders make bitcoin as an investment than spending it in paying goods just like money. Most people convert it to paper money before they spend it than using it as virtual currency in paying goods. So for me, bitcoin is a property.

cpfreeplz

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It's a currency. Just because it fluctuates and isn't like any other currency out there doesn't make it any less of a currency. Governments just want to classify it so they can figure out how we should be taxed! There's no other reason because who cares? Everyone uses it for different reasons. Some people hate banks. Bitcoin is perfectly for them. Some people love tech, again perfect fit. Some people can't get a bank account, perfect. Some people want to avoid taxes (not so perfect haha. Don't forget to mix those coins Wink

). Some people want to use it to store wealth. It's an easy way to do that for sure!

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Quote from: Pitchblackroom on November 03, 2016, 10:00:03 AM

Bitcoin as of now feels more like property than currency.

It is sort of an investment that you just sit on and then cash out when you want to.

Not as much purchasing power with Bitcoin on buying goods.

As described bitcoin as a form of investment has got similar features to property as an investment. Property grows in accordance to time. Very rarely investment on property gets failed or ends up in loss. Same is our bitcoin which is unpredictable and most of the time rises in price compared to other forms of investment.

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Quote from: Pitchblackroom on November 03, 2016, 10:00:03 AM

Bitcoin as of now feels more like property than currency.

It is sort of an investment that you just sit on and then cash out when you want to.

Not as much purchasing power with Bitcoin on buying goods.

In a way you have a point there dude. It's now more of an installment especially now that the price is continually rising leaving holders in a waiting game Cheesy

Pitchblackroom

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Bitcoin as of now feels more like property than currency.

It is sort of an investment that you just sit on and then cash out when you want to.

Not as much purchasing power with Bitcoin on buying goods.

groll

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Quote from: jaysabi on November 02, 2016, 11:19:00 AM

Quote from: X-ray on October 31, 2016, 07:26:32 AM

Quote from: michnelli6 on October 30, 2016, 02:35:44 PM

Quote from: joshmacabe on October 25, 2016, 06:31:16 AM

the batle is win still property
you same 100,000 dollar, option
1 saving in bank
2 buy property
i think 10 year later, option 2 can grow this asset, option 1 is very low grow or nothing

Yes, option 2 can actually be rewarding in the long run but if you want to make good return on investment in the shortest time, then trading or arbitrage in bitcoin will be the best option to go for because you do not need to spend many years waiting for profit as can be seen with your option 2.

only keep in mind trading and arbitrage having even higher risk than buying property which is quite best option so far and will not going to make you lose your money,you can use the property and can sell it whenever you want

Property, as in real estate? Real estate isn't the most liquid asset, it's quite cumbersome to sell. Plus, 2008 should have dispelled the notion that real estate always appreciates in value, and the "buyer's market" that persisted for several years after the financial collapse quashes the notion that you can sell whenever you want. Of course, you probably could find a buyer when you drop the price low enough, but finding a buyer at a price you want is not a given at any time.

I agree. Finding a buyer at a price you want is somehow sporadic. Having a property is good in terms of keeping your money safe. For allows our money to grow "in time". But if you want a faster profit for your money, then you prefer invest or engage in trading.

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Quote from: X-ray on October 31, 2016, 07:26:32 AM

Quote from: michnelli6 on October 30, 2016, 02:35:44 PM

Quote from: joshmacabe on October 25, 2016, 06:31:16 AM

the batle is win still property
you same 100,000 dollar, option
1 saving in bank
2 buy property
i think 10 year later, option 2 can grow this asset, option 1 is very low grow or nothing

Yes, option 2 can actually be rewarding in the long run but if you want to make good return on investment in the shortest time, then trading or arbitrage in bitcoin will be the best option to go for because you do not need to spend many years waiting for profit as can be seen with your option 2.

only keep in mind trading and arbitrage having even higher risk than buying property which is quite best option so far and will not going to make you lose your money,you can use the property and can sell it whenever you want

Property, as in real estate? Real estate isn't the most liquid asset, it's quite cumbersome to sell. Plus, 2008 should have dispelled the notion that real estate always appreciates in value, and the "buyer's market" that persisted for several years after the financial collapse quashes the notion that you can sell whenever you want. Of course, you probably could find a buyer when you drop the price low enough, but finding a buyer at a price you want is not a given at any time.

clickerz

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Quote from: X-ray on October 31, 2016, 07:26:32 AM

only keep in mind trading and arbitrage having even higher risk than buying property which is quite best option so far and will not going to make you lose your money,you can use the property and can sell it whenever you want

A property is a good investment if you have the means to buy it. If you have a property,and you are living in it os ok.If you have a property and rent it out,its a best investment as you have a rental income at the same time. But if you have a property and you let it idle and wait for the price to go up, its not maximized.

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Quote from: michnelli6 on October 30, 2016, 02:35:44 PM

Quote from: joshmacabe on October 25, 2016, 06:31:16 AM

the batle is win still property
you same 100,000 dollar, option
1 saving in bank
2 buy property
i think 10 year later, option 2 can grow this asset, option 1 is very low grow or nothing

Yes, option 2 can actually be rewarding in the long run but if you want to make good return on investment in the shortest time, then trading or arbitrage in bitcoin will be the best option to go for because you do not need to spend many years waiting for profit as can be seen with your option 2.

only keep in mind trading and arbitrage having even higher risk than buying property which is quite best option so far and will not going to make you lose your money,you can use the property and can sell it whenever you want

Mastsetad

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Every person has a different thinking, different perspective, so every single person has different views about bitcoin as well as other things, some of us take it as a currency while some of us don't, some of us use it as money while some of us as an investment.
For me it is more of a currency then a property, by the way.

BitcoinPC

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Quote from: MingLee on October 30, 2016, 02:42:52 PM

Quote from: michnelli6 on October 30, 2016, 02:35:44 PM

Quote from: joshmacabe on October 25, 2016, 06:31:16 AM

the batle is win still property
you same 100,000 dollar, option
1 saving in bank
2 buy property
i think 10 year later, option 2 can grow this asset, option 1 is very low grow or nothing

Yes, option 2 can actually be rewarding in the long run but if you want to make good return on ivestment in the shortest time ,then trading or arbitrage in bitcoin will be the best option to go for because you do not need to spend manmy years waiting for profit as can be seen with your option 2.

Depends on what kind of property you are buying and looking for. Some precious metals will increase over time, consistent with what you're predicting for option 2, while land and other forms of real estate can also increase in value, depending on where it is situated. Some places make a lot in value, others, not so much.

Exactly, many countries where land is not in a high value, if they countries people prefer to bitcoin, so i don't think that it is bad way, And in the opposite, in many countries, land is too precious, and a lot of people can't afford it, so for those people is better that they invest in bitcoin, because it is not necessary that we should invest more in bitcoin, if we have limited assets than bitcoin is best way than property.

MingLee

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Quote from: michnelli6 on October 30, 2016, 02:35:44 PM

Quote from: joshmacabe on October 25, 2016, 06:31:16 AM

the batle is win still property
you same 100,000 dollar, option
1 saving in bank
2 buy property
i think 10 year later, option 2 can grow this asset, option 1 is very low grow or nothing

Yes, option 2 can actually be rewarding in the long run but if you want to make good return on ivestment in the shortest time ,then trading or arbitrage in bitcoin will be the best option to go for because you do not need to spend manmy years waiting for profit as can be seen with your option 2.

Depends on what kind of property you are buying and looking for. Some precious metals will increase over time, consistent with what you're predicting for option 2, while land and other forms of real estate can also increase in value, depending on where it is situated. Some places make a lot in value, others, not so much.

michnelli6

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Quote from: joshmacabe on October 25, 2016, 06:31:16 AM

the batle is win still property
you same 100,000 dollar, option
1 saving in bank
2 buy property
i think 10 year later, option 2 can grow this asset, option 1 is very low grow or nothing

Yes, option 2 can actually be rewarding in the long run but if you want to make good return on investment in the shortest time, then trading or arbitrage in bitcoin will be the best option to go for because you do not need to spend many years waiting for profit as can be seen with your option 2.

BitcoinHodler

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bitcoin is whatever you want it to be, all these arguments are for the regulations and stuff like that. but for the users it can be a currency it can be a property or it can even be a plaything!

don't forget that bitcoin is not controlled by anybody meaning it is decentralized so don't let all these terms of currency vs property fool you.

davis196

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Quote from: S@toshiDirect on August 31, 2016, 11:05:41 PM

I've been interested in the currency versus property debates in State courts throughout the USA. It's an interesting topic to consider. Outside of the theoretical debate, it seems to me that in practice bitcoiners themselves view and use Bitcoin as property and not as a means of payment/value transfer.

What are your thoughts? And does it really matter?

I view bitcoin as a currency and property at the same time. Grin

If there is deflation it`s better to invest in currency.

If there is inflation,it`s better to invest in property.

This is it.

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Quote from: bamboylee on October 25, 2016, 02:42:05 AM

For me it is just a currency that gains more value over time. It is like dollars to me, I wait for a few months and see if the price gets high and exchange it to local fiat.

I can read that your main motive is to make money with bitcoin through buying at low price and selling at higher price. It is good for but can also see that you are making money through signature campaign because i saw you wearing that in your signature.

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Quote from: stomachgrowls on October 29, 2016, 07:41:19 AM

Quote from: joshmacabe on October 25, 2016, 06:31:16 AM

the batle is win still property
you same 100,000 dollar, option
1 saving in bank
2 buy property
i think 10 year later, option 2 can grow this asset, option 1 is very low grow or nothing

Savings is still your property so, basically they were both a property.

The only known as currency before is gold, silver, copper. They made a lot of coins on these, as time passes by the value of the product is growing and growing. It is too inconvenient to bring a sacks of coins just to pay the owner.

And by the small help of a genius merchant, they both then agree to use a special kind of paper. And VIOLA! We are now using it in our daily life. So currency is your property! Grin

For me, when a currency value rises up and a money i have in my pocket i use it as a savings on what has left from my salary. Currency with high exchange value affects on the money i saved and now it turns as a property to me which i value most as this is a strong foundation of my financial stability.

Topic: Currency v Property - page 4. (Read 5833 times)