Topic: I think Bitcoin is great as an asset and not as a Currency. (Read 1115 times)
actually that is how bitcoin works, it is very good for us to make assets, to earn income and increase our income, because for now in my country the government has not allowed the exchange of any goods using bitcoin, so now I only use bitcoin, as an asset..
actually that is how bitcoin works, it is very good for us to make assets, to earn income and increase our income, because for now in my country the government has not allowed the exchange of any goods using bitcoin, so now I only use bitcoin, as an asset..
Bitcoin usage as an asset can be profitable as well as risky because holding it for a long time can make you cry or will make you fly to the sky, because it all depends on the crypto market position.
Depends on who you are asking because there are some people that will say it's good for currency as well, I mean it has been used as one back when Laszlo bought 2 pizzas right? I think it's a bit of both because Satoshi's aim was to create a currency that will eliminate the middle man which is the banks.
In theory, Bitcoin fills in for both, an asset and a currency. The former is well established and well practiced among many while the latter is less evident because in very few places you can use your currency 'BTC' to pay for goods or services, online there are more options for this but in not many real life. This often is an implication of the local governments not recognising BTC as more than a digital asset they want to steer way from because of its competition to fiat. It will probably take some time until more governments will take the same approach as El Salvador.
I hope everyone here understands that money is created out of debt from thin air by our banks for starters and that fiat money is pegged to a promise
BTC and Defi will disrupt the system even more in time and will be integrated into our daily lives in due time
And BTC will be even more of a highly valued scarce asset beyond gold
This world we live in is all beautiful chaos and it evolves & is happening constantly
BTC and Defi will disrupt the system even more in time and will be integrated into our daily lives in due time
And BTC will be even more of a highly valued scarce asset beyond gold
This world we live in is all beautiful chaos and it evolves & is happening constantly
Depends on who you are asking because there are some people that will say it's good for currency as well, I mean it has been used as one back when Laszlo bought 2 pizzas right? I think it's a bit of both because Satoshi's aim was to create a currency that will eliminate the middle man which is the banks.
so this goes back to individual needs, right? For those who often make transactions in large quantities and cross-country will definitely be greatly helped by the presence of bitcoin, eliminating complicated administrative processes at the bank. yes .. with crypto, we are like managing our own bank. on the other hand, btc is less effective for micropayments.after all, the adoption of crypto, especially bitcoin is not so widespread, crypto payments are still limited and in some countries the use of currencies other than the national currency is illegal. so we need to understand the rules regarding this. until recently I preferred crypto as a trading commodity.
I think it can be an asset and a currency at the same time. Every currencies has it's own limitatons and strenght. But bitcoin can be an asset and store for a long time because we all know its value got high and it was also a great investment that no one controls it but you. But at the same time it can be a currency like what is happening now. It was used worldwide so you can send it anywhere without hassle and I think it was the reason why bitcoin was created.
But at the end of the day, it was still the one who owns a bitcoin will choose what benefits him the most.
But at the end of the day, it was still the one who owns a bitcoin will choose what benefits him the most.
Depends on who you are asking because there are some people that will say it's good for currency as well, I mean it has been used as one back when Laszlo bought 2 pizzas right? I think it's a bit of both because Satoshi's aim was to create a currency that will eliminate the middle man which is the banks.
The presence of bitcoin is a better thing than a bank transaction system, complex global transactions are easy to run with bitcoin, whereas if a bank is a bank it takes a large fee and takes a long time.
All you guys saying it's not good for your currency but also on signature campaigns, what are you getting paid in? I've been using Bitcoin almost chiefly as a currency for almost the entire life of my signature campaign earnings and my currency of choice for gambling here, which is what I'm doing daily almost at bitcointalk. So what are you guys talking about:)
Maybe they mean that bitcoin is not very good for micro payments given the cost of transaction fees and the time it is processed.
Right now micro payments are foe services or purchases that needs to be instant or at least doesnt take very long to be on pending state. Reminds me of remittances on banks before that takes days to be processed and received.
, since goods and services mostly are USD based, its hard to make everybody be accepting btc as the alternative.
The simple but bitter truth is that as much as bitcoin was created to be a currency, it is not fulfilling and can no fulfilling that purpose anytime soon.
Bitcoin, presently, isn't ready to be a widely accepted currency and this is because of its high volatility.
However, it is this volatility in the price of bitcoin that makes an excellent investment asset. Now, there's the prospect of making money by just buying bitcoin and waiting to for the price to increase so you can make money from the price difference
Bitcoin, presently, isn't ready to be a widely accepted currency and this is because of its high volatility.
However, it is this volatility in the price of bitcoin that makes an excellent investment asset. Now, there's the prospect of making money by just buying bitcoin and waiting to for the price to increase so you can make money from the price difference
yeah right, since volatility is more active. The investment side of this currency brings to the attentions
of those investors who are willing to go for a ride and take the opportunities.
Reality wise, as currency, only those who understand how it works are willing to use it to transfer fund between borders
but to those who are new to this industry, they are not ready yet to work and use this as how it supposedly being used.
It will take more time before things will have the enlightenment in terms of usages.
Many countries including mine wont allow cryptocurrency as currency so we have only one option which is to use/treat it as an asset only. And yep, as an asset some cryptos are the best one especially those crypto who are at the top 50. I myself rather pick bitcoin and ethereum as my favourite asset.
The simple but bitter truth is that as much as bitcoin was created to be a currency, it is not fulfilling and can no fulfilling that purpose anytime soon.
Bitcoin, presently, isn't ready to be a widely accepted currency and this is because of its high volatility.
However, it is this volatility in the price of bitcoin that makes an excellent investment asset. Now, there's the prospect of making money by just buying bitcoin and waiting to for the price to increase so you can make money from the price difference
Bitcoin, presently, isn't ready to be a widely accepted currency and this is because of its high volatility.
However, it is this volatility in the price of bitcoin that makes an excellent investment asset. Now, there's the prospect of making money by just buying bitcoin and waiting to for the price to increase so you can make money from the price difference
Bitcoin is not yet legalized, so depending on the situation and its net worth, you can give a form. It can be property, currency, payment method. The value of bitcoin lies in its variety and uses. It should not be imposed in a separate, independent form. Bitcoin will lose its value of freedom - Decentralization is the last thing left, the core value of freedom whether property, currency, payment or whatever. “Digital Gold” I love this one!
if what is meant is the only bitcoin. we agree that it is not fun to transact with bitcoin as a means of payment.but when it comes to crypto, now many blockchains and assets have been developed that are more convenient to design as a means of payment.
some of the running platforms also use their coins for transaction needs on their platform.
but for bitcoin, it looks like it would be better for us to use it as an investment asset rather than a means of payment.
Bitcoin is not yet legalized, so depending on the situation and its net worth, you can give a form. It can be property, currency, payment method. The value of bitcoin lies in its variety and uses. It should not be imposed in a separate, independent form. Bitcoin will lose its value of freedom - Decentralization is the last thing left, the core value of freedom whether property, currency, payment or whatever. “Digital Gold” I love this one!
I really agree if.bitcoin becomes.an asset.for the future rather.than paper money, so if.someone is.going to visit a country they will find it.easier to use crypto money to transact.because crypto will also be adjusted.to the exchange rate of the currency, so crypto will become.a dual function.the first will become.an asset.and the second will become.a legal transaction tool in.various countries.more easily.and that's.where crypto currency gives.us.convenience for its.users
sometimes assets will become more valuable than money, because with us having assets or businesses we can use them to travel anywhere including abroad, with the ads of these assets we are burdened with things that make us afraid of bad people, what's more, assets have an impact that sometimes we can also get a profit with a high selling value like bitcoin for example, and we can also hold it so we don't let it go to the stock market though
I really agree with your opinion, bitcoin is good for assets but not suitable for us to make currency, if we make bitcoin a legal currency, it means that its position is the same as fiat currency, which means it has no value if we invest, and we make it an asset, it's better for bitcoin to remain an asset so we can look for profits in the future..
This is somehow called being selfish.
I am not being rude here, but if we just think about ourselves, then how the mankind will expand?
I too agree that BTC should be always kept as an asset as thus it will help to rise or make down the price of the coin.
If you also think it as a currency, then think of the barter system. It’s similar to that.
You will give your asset which is BTC in this case for another product.
Hope this helps you OP.
All you guys saying it's not good for your currency but also on signature campaigns, what are you getting paid in?
btc is if its a btc paying campaign . if not , the payment is made in altcoins and tokens .
this a btc forum and in order to support btc , there must be a company that will use btc to pay to his participants and if they can afford to advertise here, they can also afford to pay high fees .
And that's what I meant. People here are receiving BTC as payment, as in, it's currency. Almost everyone commenting has a signature campaign, and the good ones pay out in BTC, the crap ones pay out in shitcoins that aren't worth anything (hence aren't currency). So I just don't get people who say BTC isn't good as a currency when this forum has been proving otherwise for over a decade.
Bitcoin started as currency, and in some countries bitcoin can be used for payment.
Bitcoin is now more used as a storage asset. The Bitcoin market is volatile and risky as a currency, and some areas do not allow Bitcoin transactions. Many users are interested in the development of Bitcoin and invest in it. The supply-demand relationship makes the price of Bitcoin rise, and long-term holding of Bitcoin will get rich benefits.
Bitcoin is now more used as a storage asset. The Bitcoin market is volatile and risky as a currency, and some areas do not allow Bitcoin transactions. Many users are interested in the development of Bitcoin and invest in it. The supply-demand relationship makes the price of Bitcoin rise, and long-term holding of Bitcoin will get rich benefits.
BTC is good as an asset right btc is also used as a currency too. So I think btc is good for both assets and currency. At first btc was used as a currency but because of the limited amount, many people wanted it so that it could be used as a profitable asset. That is why many people hold it for a few years and sell it again at a high price. And btc will continue to spin where the price will also go up and down like ever. Whether it's a currency or a btc asset, it's still a useful coin, especially if you can use it well. Many people are competing to get btc at any price and it will continue.
All you guys saying it's not good for your currency but also on signature campaigns, what are you getting paid in?
btc is if its a btc paying campaign . if not , the payment is made in altcoins and tokens .
this a btc forum and in order to support btc , there must be a company that will use btc to pay to his participants and if they can afford to advertise here, they can also afford to pay high fees .
Jump to: