Currency v Property - page 5. | Bitcointalksearch.org

stomachgrowls

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Quote from: joshmacabe on October 25, 2016, 05:31:16 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

panju1

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Quote from: Vhern on October 29, 2016, 04:06:36 AM

I already thinked about it and well, people call "money" a piece of paper, a gram of gold, a byte... It's all about people think and what value they put on it... A bill of dollar can be a property...

Property is usually real estate. Something you can derive rent from, or build on.
It would be stretching its definition to call a dollar bill as property.

Financial_Genius

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Quote from: Hazir on August 31, 2016, 10:32:22 PM

Categorization of Bitcoin is never ending discussion. It is a currency, commodity, property? This actually is a problem.

In one country BTC is currency in others commodity and some others are waiting...

Semantics and legal issues are the reasons why we don't have any serious bitcoin legislation in place.

In US bitcoin is classified both as currency (by U.S. Treasury ) and commodity (by Commodity Futures Trading Commission).

How simple people can be smart when even pros have no idea what bitcoin really is?

Bitcoin is an experiment. Need refers to Bitcoin as to any interesting startup in the Internet: can this system change the world, or maybe not. You should understand that investing time and money in new ideas is always a risky enterprise

Vhern

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I already thinked about it and well, people call "money" a piece of paper, a gram of gold, a byte... It's all about people think and what value they put on it... A bill of dollar can be a property...

Nahl

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Quote from: joshmacabe on October 25, 2016, 05:31:16 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

if your aim in to get profit i very agree with your opinion because every year property price always be increase so investing for property would be so profit but these option only good for long term and different thing if you have money and saving at bank i think that would not growing your money with pretty fast even though with high Bank interest because usually banks only give 1% - 5% profit from our funds and for every year

Financial_Genius

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Value as a collector's item (the same principle as the activities of people who are collecting rare metals, stones, shells, stamps, paintings and baseball cards). Value, which is based on the fact that other people will consider your collectibles valuable and will want to buy it, thus enriching the previous owner. Gold is valuable for these very reasons. Not because it's shiny (many things too shiny), but because it is rare, durable, mobile and available for collecting. And in the hands of the owner, it can only increase your value directly proportional to the number of people willing to get it. Bitcoins are valuable as collectibles. Their reliability as "guardians of values" depends on the number of people that use them. The more people believe in the seriousness of Bitcoin, the higher the confidence in the payment system.

equator

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Quote from: chixka000 on October 24, 2016, 07:06:44 AM

There is no serious thing for me to talk about this because what bitcoin really is would definitely varies on its users. You've stated that someone might used it as a currency and on the other hand other person uses bitcoin as their property. One thing is for sure that it is a medium for transactions.

yes that is right to say that every one has their own choice as in most of the areas bitcoin cannot be use as currency as there are no shops who are not accepting bitcoin for shopping as cash, therefore in such areas people are holding bitcoin as a property for its value increase and when they feel then need then they convert it in to fiat.

That is the main reason it is said that Bitcoin is considered as all in all, if you are using in online it becomes currency and if you are holding it for long then it becomes investment property.

And if you are comparing it with the real property then i think property is the best investment.

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Quote from: An0nym0us on October 25, 2016, 05:34:17 AM

Quote from: TastyChillySauce00 on October 25, 2016, 05:12:05 AM

Quote from: Oralmat on October 23, 2016, 01:33:53 PM

Quote from: gandame on September 02, 2016, 03:03:17 AM

The currency is a kind of currency to which it can spend the people buy food and clothes . And many more things . The property also has the things that you own that you can buy or keep worrying . Such as house and land is your property that can cause to your future children . Because the currency finds that even if you do not have a property if you have money you can buy it.

Well you can invest both in currency and property but the point is that if you invest in property you do not have ready cash in you hand, and if some emergency situation arises, then you will be not in a position to handle it, even though you have the amount stuck in property. But investment in property is still a better choice.

those who invests on property must have had thought about the possibilities of in need of money in emergency situation so they are not going to invest their whole wealth into property,that's dumb move if they do

I don't think that anyone will invest all their money in any kind of investment as everyone needs money for their basic needs and for that they need to save enough money which can take care in the times of emergency.

i think every investor already thinking about their daily needs and for emergency situation,if they just investing without thinking then they will sure broke,to be investor they need to be smart to manage money and those who experienced already done it,so not going to be a problem

bitbunnny

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It seems that there is no unique attitude towards Bitcoin in.this legal definition. Some states who have regulated the Bitcoin have defined it as currency and some like property. In some cases there were even some theories that Bitcoin is in category of goods like gold or oil.
I'm more keen to treat it like currency but in general for Bitcoin users I don't think this is of essential importance.

Labumi

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Quote from: BitcoinPC on October 28, 2016, 08:16:04 AM

Quote from: ikydesu on October 25, 2016, 12:19:00 PM

Quote from: S@toshiDirect on August 31, 2016, 10:05:41 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?

What i can see is bitcoin catagorie as currency which its a payment option tend to digital payment.
If i choose currency or property i prefer to property for my long long term investment.
Bitcoin good to be an investment too, but it tend to limited supply have a period finished.

Yes, so far as i understand the question, between Currency and Property,
So definitely, i will choose property, if i afford it, because in my country, property value is very high, and everyone is demanded the property. If anyone have assets, first thing they will do only buy the property, because it is really valuable now more than bitcoins, But i can easily afford the bitcoins so that's why i choose bitcoin.

Wonderful friends. Indeed essentially properties profitable far more than money, as the property will certainly increase over time, in contrast to the currency. most currencies are only given us the profit on exchange rates and it doesn't change the price. so indeed wiser to choose a property than the currency. There is nothing better in addition to property,

BitcoinPC

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Quote from: ikydesu on October 25, 2016, 12:19:00 PM

Quote from: S@toshiDirect on August 31, 2016, 10:05:41 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?

What i can see is bitcoin catagorie as currency which its a payment option tend to digital payment.
If i choose currency or property i prefer to property for my long long term investment.
Bitcoin good to be an investment too, but it tend to limited supply have a period finished.

Yes, so far as i understand the question, between Currency and Property,
So definitely, i will choose property, if i afford it, because in my country, property value is very high, and everyone is demanded the property. If anyone have assets, first thing they will do only buy the property, because it is really valuable now more than bitcoins, But i can easily afford the bitcoins so that's why i choose bitcoin.

ikydesu

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Quote from: S@toshiDirect on August 31, 2016, 10:05:41 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?

What i can see is bitcoin catagorie as currency which its a payment option tend to digital payment.
If i choose currency or property i prefer to property for my long long term investment.
Bitcoin good to be an investment too, but it tend to limited supply have a period finished.

wxa7115

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Quote from: TastyChillySauce00 on October 25, 2016, 05:12:05 AM

Quote from: Oralmat on October 23, 2016, 01:33:53 PM

Quote from: gandame on September 02, 2016, 03:03:17 AM

The currency is a kind of currency to which it can spend the people buy food and clothes . And many more things . The property also has the things that you own that you can buy or keep worrying . Such as house and land is your property that can cause to your future children . Because the currency finds that even if you do not have a property if you have money you can buy it.

Well you can invest both in currency and property but the point is that if you invest in property you do not have ready cash in you hand, and if some emergency situation arises, then you will be not in a position to handle it, even though you have the amount stuck in property. But investment in property is still a better choice.

those who invests on property must have had thought about the possibilities of in need of money in emergency situation so they are not going to invest their whole wealth into property,that's dumb move if they do

What you said is correct but we are assuming people are perfect and rational all the time which is simply not the case; there are a lot of people that have almost all their net worth on their houses.

An0nym0us

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Quote from: TastyChillySauce00 on October 25, 2016, 05:12:05 AM

Quote from: Oralmat on October 23, 2016, 01:33:53 PM

Quote from: gandame on September 02, 2016, 03:03:17 AM

The currency is a kind of currency to which it can spend the people buy food and clothes . And many more things . The property also has the things that you own that you can buy or keep worrying . Such as house and land is your property that can cause to your future children . Because the currency finds that even if you do not have a property if you have money you can buy it.

Well you can invest both in currency and property but the point is that if you invest in property you do not have ready cash in you hand, and if some emergency situation arises, then you will be not in a position to handle it, even though you have the amount stuck in property. But investment in property is still a better choice.

those who invests on property must have had thought about the possibilities of in need of money in emergency situation so they are not going to invest their whole wealth into property,that's dumb move if they do

I don't think that anyone will invest all their money in any kind of investment as everyone needs money for their basic needs and for that they need to save enough money which can take care in the times of emergency.

joshmacabe

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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

btvGainer

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Quote from: Hazir on August 31, 2016, 10:32:22 PM

Categorization of Bitcoin is never ending discussion. It is a currency, commodity, property? This actually is a problem.

In one country BTC is currency in others commodity and some others are waiting...

Semantics and legal issues are the reasons why we don't have any serious bitcoin legislation in place.

In US bitcoin is classified both as currency (by U.S. Treasury ) and commodity (by Commodity Futures Trading Commission).

How simple people can be smart when even pros have no idea what bitcoin really is?

I think bitcoin is in early stage and more then how it is defined what matters is how it is used.It will be clear only after mass adoption whether people use it as commodity or as a currency

TastyChillySauce00

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Quote from: Oralmat on October 23, 2016, 01:33:53 PM

Quote from: gandame on September 02, 2016, 03:03:17 AM

The currency is a kind of currency to which it can spend the people buy food and clothes . And many more things . The property also has the things that you own that you can buy or keep worrying . Such as house and land is your property that can cause to your future children . Because the currency finds that even if you do not have a property if you have money you can buy it.

Well you can invest both in currency and property but the point is that if you invest in property you do not have ready cash in you hand, and if some emergency situation arises, then you will be not in a position to handle it, even though you have the amount stuck in property. But investment in property is still a better choice.

those who invests on property must have had thought about the possibilities of in need of money in emergency situation so they are not going to invest their whole wealth into property,that's dumb move if they do

joshv06

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Quote from: groll on October 25, 2016, 01:28:14 AM

Quote from: avikz on October 25, 2016, 01:12:52 AM

Given the choice I would go for the property because property is a tangible asset and can fetch much higher return in future if invested in a good locality and wisely. But if you want to start from zero, you will have no other choice than currency. With less amount of money, you can't buy any property.

So it is wise to start with currency investment first and then you will be able to make a surplus money in long run, which you can use to buy a property.

Bitcoin is both a currency and a property. It is a currency because you can buy things using bitcoin online, you can even pay bills and many other things. It is a property because to have bitcoins you have to buy it using dollars thats why it is a property. The legislation should not have to make any noise about it or any problems arising from it. Lets just accept that it is both a currency and a property.

We can treat is an investment but not as a property as property is something that you can hold physically and which can stay with you forever till you are the owner of it but we cannot hold bitcoin physically and it can be used anywhere in a real world.

adi33

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I think bitcoin for payment instruments and tools for buying / menananam shares. bitcoin is not a property. bitcoin will rise because it is not a lot of property that increased

bamboylee

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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.

Topic: Currency v Property - page 5. (Read 5867 times)