Currency v Property - page 6. | Bitcointalksearch.org

groll

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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.

avikz

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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.

Fatanut

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I agree with OP that bitcoin can also be seen as a property because you hold ownership of your coins and later on you can sell them for a higher price. But unlike properties in real life, bitcoin can be used directly to buy something. There are never ending discussions about this. It's not like we can't look at it as both currency and property, of course we can.

Financial_Genius

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The U.S. Senate will consider the issue of the dangers of Bitcoin for the national economy. Meanwhile, the course of bitcoin against the dollar has continued to set historical records. However, experts warn that the rising cost of Bitcoin is limited in advance by the system itself.

Shady

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Life is a game, you either play it or get played.

I prefer property because you can make money off it more than once. Virtual Assets hold tremendous value over the long run and are unmatched by just holding currency.

Yes there are risks, but since BTC is risky i'd prefer just sticking to overall growth of my portfolio. Working has better short term aspects, but is scrummy long term... Assets last ages and there's nothing that compares more.

wxa7115

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Bitcoin is GOD

The truth is that bitcoin is a chameleon, you want to buy something, then it’s a currency, you want to earn money form it, then it’s an investment, if you treat as gold, then is a commodity.

clickerz

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Backed.Finance

Quote from: dunfida on October 24, 2016, 08:16:39 AM

Diversifying your money would be a great move though rather than putting up all on a single investment which the risk of lossing and getting being wrecked in the end would be high compare on diversifying it on many investments because you could still to recover up when one of investments fail.

Agree, that is why in Investment they have this sayong "Do not put your egg in one basket." By diversifying your investment, you lessen your risk and definitely losses.

dunfida

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Quote from: klf on October 24, 2016, 07:16:51 AM

Quote from: X-ray on October 24, 2016, 06:57:37 AM

Quote from: MTBTT on September 02, 2016, 06:07:07 PM

Quote from: Mike8 on September 02, 2016, 02:20:48 AM

Bitcoin is a digital asset.
Since it holds value, it can be used any time as a coin, but it's much more than that.

I think the property also has a price? especially property prices seem to keep going up every year? What do you think ? investing in property seems to be more profitable than investing in bitcoin?

investing on property if you can't afford any lose and want to get a profit but you have unlimited time so waiting few years will not going to be a problem unless you have a limited time,want to afford such a risk and want to get fast profit,cryptocurrencies will be the best option

If you want only quick profit, then it also comes with very high risk so you shouldn't keep all your money in only high-risk investments because if something goes wrong, then you will lose a lot of investments. Instead diversify and put some money in property as well and over the time it will give a lot of profits but it takes some time to grow, and it is more stable. I will invest in both of them for sure.

Diversifying your money would be a great move though rather than putting up all on a single investment which the risk of lossing and getting being wrecked in the end would be high compare on diversifying it on many investments because you could still to recover up when one of investments fail.

pedrog

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It's in our best interest bitcoin being treated as a currency, usually property and property sales is subjected to taxation, that would make bitcoin exchange and using it as a means of payment very hard and much more expensive.

klf

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Quote from: X-ray on October 24, 2016, 06:57:37 AM

Quote from: MTBTT on September 02, 2016, 06:07:07 PM

Quote from: Mike8 on September 02, 2016, 02:20:48 AM

Bitcoin is a digital asset.
Since it holds value, it can be used any time as a coin, but it's much more than that.

I think the property also has a price? especially property prices seem to keep going up every year? What do you think ? investing in property seems to be more profitable than investing in bitcoin?

investing on property if you can't afford any lose and want to get a profit but you have unlimited time so waiting few years will not going to be a problem unless you have a limited time,want to afford such a risk and want to get fast profit,cryptocurrencies will be the best option

If you want only quick profit, then it also comes with very high risk so you shouldn't keep all your money in only high-risk investments because if something goes wrong, then you will lose a lot of investments. Instead diversify and put some money in property as well and over the time it will give a lot of profits but it takes some time to grow, and it is more stable. I will invest in both of them for sure.

Snorek

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I still think that Switzerland's and Denmark's approach to bitcoin legislation is the best -at least for now.
These countries opted not to regulate Bitcoin at all. Their governments think that BTC is not a significant enough phenomenon to substantiate legislation in its present form.

chixka000

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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.

X-ray

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Quote from: MTBTT on September 02, 2016, 06:07:07 PM

Quote from: Mike8 on September 02, 2016, 02:20:48 AM

Bitcoin is a digital asset.
Since it holds value, it can be used any time as a coin, but it's much more than that.

I think the property also has a price? especially property prices seem to keep going up every year? What do you think ? investing in property seems to be more profitable than investing in bitcoin?

investing on property if you can't afford any lose and want to get a profit but you have unlimited time so waiting few years will not going to be a problem unless you have a limited time,want to afford such a risk and want to get fast profit,cryptocurrencies will be the best option

naidray

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Quote from: Kvazimoda on October 23, 2016, 03:56:07 AM

Quote from: Dudeperfect on September 02, 2016, 11:53:27 PM

No country has a same opinion as another one when talking about bitcoin. This kind of technology is something new and such cases never appeared before hence it is not even recognized by majority of countries and laws. It doesn’t matter if it’s classified under any of the class Asset, Commodity or Currency because it is yet in evolution stage and it needs recognition at this stage to grow and survive (against possible government restrictions). I would say, We need uniform identity through eyes of law on international level.

Yes, many countries are unable to determine what is actually Bitcoin. We need to reach consensus and adopt international rules that will determine the status of cryptocurrency

It is true that many countries are still debating in which category of property to categorize bitcoin but if I were to recommend the right suggestion to the government I will suggest them to view bitcoin as a digital commodity or asset or property so that bitcoin may not attract high taxes (but different countries have different regulations against fiat and property).

lionheart78

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In my opinion Bitcoin is intended as currency so I will stick with it. Bitcoin is a currency that can be use to buy things online, pay your monthly bills, and even use to give loan to people. I never thought of Bitcoin as property because it function the same way as money.

Quote from: Questat on October 23, 2016, 12:03:03 PM

There is no need for a country to determine the fate of the bitcoin. It will be determined by a big community.

I agree because bitcoin faith depends on its community. Because all result depends on how the bitcoin community leaders negotiate with the government.

Oralmat

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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.

virusasog

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Quote from: Dudeperfect on September 02, 2016, 11:53:27 PM

No country has a same opinion as another one when talking about bitcoin. This kind of technology is something new and such cases never appeared before hence it is not even recognized by majority of countries and laws. It doesn’t matter if it’s classified under any of the class Asset, Commodity or Currency because it is yet in evolution stage and it needs recognition at this stage to grow and survive (against possible government restrictions). I would say, We need uniform identity through eyes of law on international level.

I would like to go with property only as of now because property very much legal to utilize in my country by sell in later also but bitvoin not legal now in my country. When the bitcoin become legal. then will switch option as bitcoin only not as the property.

Questat

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Quote from: Kvazimoda on October 23, 2016, 03:56:07 AM

Quote from: Dudeperfect on September 02, 2016, 11:53:27 PM

No country has a same opinion as another one when talking about bitcoin. This kind of technology is something new and such cases never appeared before hence it is not even recognized by majority of countries and laws. It doesn’t matter if it’s classified under any of the class Asset, Commodity or Currency because it is yet in evolution stage and it needs recognition at this stage to grow and survive (against possible government restrictions). I would say, We need uniform identity through eyes of law on international level.

Yes, many countries are unable to determine what is actually Bitcoin. We need to reach consensus and adopt international rules that will determine the status of cryptocurrency

There is no need for a country to determine the fate of the bitcoin. It will be determined by a big community.

Kvazimoda

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Quote from: Dudeperfect on September 02, 2016, 11:53:27 PM

No country has a same opinion as another one when talking about bitcoin. This kind of technology is something new and such cases never appeared before hence it is not even recognized by majority of countries and laws. It doesn’t matter if it’s classified under any of the class Asset, Commodity or Currency because it is yet in evolution stage and it needs recognition at this stage to grow and survive (against possible government restrictions). I would say, We need uniform identity through eyes of law on international level.

Yes, many countries are unable to determine what is actually Bitcoin. We need to reach consensus and adopt international rules that will determine the status of cryptocurrency

Dudeperfect

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No country has a same opinion as another one when talking about bitcoin. This kind of technology is something new and such cases never appeared before hence it is not even recognized by majority of countries and laws. It doesn’t matter if it’s classified under any of the class Asset, Commodity or Currency because it is yet in evolution stage and it needs recognition at this stage to grow and survive (against possible government restrictions). I would say, We need uniform identity through eyes of law on international level.

Topic: Currency v Property - page 6. (Read 5867 times)