Is Bitcoin an asset? - page 2. | Bitcointalksearch.org

RockBell

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Quote from: Sanitough on January 27, 2025, 06:47:52 AM

You need a bit of accounting knowledge to determine if something is an asset or not. If you own Bitcoin and have a balance sheet, it goes on the asset side because it holds value and can easily be sold for fiat, it’s highly liquid. Even banks consider Bitcoin entrusted to them as an asset, which helps inflate their balance sheets. However, governments disagree and argue it should be classified as a liability since the Bitcoin doesn’t belong to the bank but to its clients.

With the characteristics that bitcoin is showing you don't need a book to tell you that bitcoin is an asset and with were you would have heard about bitcoin you should be able to tell that bitcoin is more of an asset than a currency and only on few circumstances that it is seen as a currency and only few countries can even spend it as an alternative currency.

And the value can increase and decrease anytime makes it an asset to and can be sold anytime you want, those are all quality of an asset and the most important is that it's a long time investment and bitcoin is one of a kind investment and it's community keeps growing bigger and bigger and it's one of the best investment anyone can investment and even the government are trying to also invest because look at how El Salvador have been succeeding in investing in bitcoin.

AVE5

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Quote from: ? on January 26, 2025, 07:45:33 PM

Though,bitcoin is the safest and coolest form of investment which i can confidently commends anybody without looking back because i know what that person will stand to gain in the end.

Op you're being so naive about the concepts of bitcoin investment. As a newbie, you don't just have to focus your mind on the profitable side of bitcoin but also consider the south side of it which could be tough for you as beginner.
Remember not every sugarcoated words are realistically genuine so, when you want to recommend bitcoin investment to anyone, also let them know the risks and temptation side of it after telling how good it's.
Bitcoin is a high volatile source of investment that's basically profitable when hold for a long time and newbies are also to adapt the habit of withstanding the ugly side of the market such as market corrections or the dip of your holding values as a cause of volatile market.
You seriously need to prepare your mind to exercise patient in not becoming a Fomo Investor so you don't feel disappointed with the expectation of steady profitability.

Majestic-milf

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Of course Bitcoin's an asset. Wait you knew that! So what makes you feel the other users on here doesn't know this? Sometimes our thread titles is what determines whether it would be given immediate attention or not and for this one where a newbie who is assumed to know next to nothing about crypto and Bitcoin comes up and starts offering advice is something most people don't take serious because, you can't really give out what you don't have right?
Even though some of them may know a thing or two about it, they will not be given too much notice because of their rank and to make it worse is that the newbie is giving advice that has been sorely treated here and would have known if they had taken their time to making research and observing instead of rushing head first into creating threads.

PrivacyG

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Quote from: SatoPrincess on January 26, 2025, 08:42:55 PM

I thought we had past the era of newbies advising other newbies on Bitcoin.

It is dubious as hell. I can not read what OP wrote without imagining them talking to themselves in front of a mirror. How do you explain things you barely know as a Newbie, to another Newbie? Do they pretend they know every thing about eggs and cooking once they learned to boil an egg for the first time too?

-----

Bitcoin is whatever we decide it is for ourselves. To some it is an Asset just like Gold. To others it is pure speculation. To a very small portion of the community, it is a way to freedom. We pick what it is for us.

Hyphen(-)

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Quote from: ? on January 26, 2025, 07:45:33 PM

.As a newbie or beginner in the bitcoin forum these are the things you should know,because bitcoin is an electronic form of investment so as such need to know all the rudiments on how it is been operates,I have made to understand that it is important to have little knowledge about the bitcoin market system and its operation,cause if you fail to observe this principle there’s a tendency that you will not last long and you’ll not make it in your investment as far as bitcoin is concern.Bitcoin investment is quite different from any other investment you can think of,so as such you need to pay attention to details before investing.Though,bitcoin is the safest and coolest form of investment which i can confidently commends anybody without looking back because i know what that person will stand to gain in the end.

As a beginner in Bitcoin and crypto not just in this forum, you need to have good knowledge not little knowledge about Bitcoin and cryptocurrency, and you also need to understand the concept of cryptocurrency and Bitcoin before can start your Bitcoin or any crypto investment or even crypto trading.

Furthermore, as a beginner, you also need to know that just as every other businesses have risk, bear it in mind that crypto investment is more risky than any other business you may think that is why it is always advisable to learn and do more research before venturing into cryptocurrency investment.

Learn to use personal wallets not exchanges because centralized exchanges will have control over your assets while if you own your own wallet’s private key, you will have total control over your crypto assets.

Ruttoshi

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OP, I hope that you have invested bitcoin and stop being a probitcoin without bitcoin, because you cannot advise people to buy bitcoin when you don't have. It shows that you don't believe in it and just saying it. However, bitcoin is the best asset currently because of the high level of adoption and government are seeing it to be a good strategy reserve.

Bitcoin is still in its transition state and if you keep on buying, you are automatically piling up wealth for yourself. Bitcoin is the only decentralized assest you can think of. Isn't that unique.

Zaguru12

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Quote from: crwth on January 26, 2025, 09:24:04 PM

I do think we are way past this thought already. We know that it is an asset because it is an ETF and that big companies are holding to their own stack and possibly gaining more. Because of these things, it's most likely to be taken as an asset.

Knowledge and confidence in Bitcoin are essential if you want to succeed.

Bitcoin has always been an asset because of its ability to grow in value right from the start it wasn’t just regarded as one by the government because banks and institutions weren’t holding it but with the approval of ETF and institution investing into them they can be categorized by the government as one. As an individual an asset is usually something which can be equally use to stand in in terms of debt that’s why things like fiat even though they devalue over time are regarded as an asset. So with this meaning I think bitcoin stands or even doubles as an asset and investment which can grow in value related to the fiat.

Oshosondy

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Quote from: ? on January 26, 2025, 07:45:33 PM

we all know that asset is what adding value or appreciating with time.

That is what people thinking as an asset. But what if the asset decrease in value? Fiat and other valuable things are also assets. If an asset value is always decreasing after a long time, that is a deprecative asset.

As for bitcoin, its value has been increasing all the time after a long period of time. That makes it an appreciative asset just like you meant.

Sanitough

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You need a bit of accounting knowledge to determine if something is an asset or not. If you own Bitcoin and have a balance sheet, it goes on the asset side because it holds value and can easily be sold for fiat, it’s highly liquid. Even banks consider Bitcoin entrusted to them as an asset, which helps inflate their balance sheets. However, governments disagree and argue it should be classified as a liability since the Bitcoin doesn’t belong to the bank but to its clients.

tbct_mt2

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Quote from: ? on January 26, 2025, 07:45:33 PM

Before you venture into a crypto space and even thinking of investing in a bitcoin,you should ask yourself first whether bitcoin is an asset or not

This book, The bullish case for Bitcoin can help you finding answer for your question.

Briefly, Bitcoin can be used for many purposes, like either an asset, a transaction mean, whatever you see good for your demand. It can serve you with its usecases that are diversifying enough for you.

An asset, it is, but if you need Bitcoin for other tasks, it can serve you too.

cryptoaddictchie

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Quote from: SatoPrincess on January 26, 2025, 08:42:55 PM

I thought we had past the era of newbies advising other newbies on Bitcoin. You need to improve your writing if you want people to be able to read your posts. Using spacing where appropriate will make your posts readable and appealing to the eyes. I suggest you read this thread: Bitcointalk posting etiquette

Funny thing is newbies whose experience yet to be proven giving advises. I think they thought that they might get some mertis from acting like a mentor sort.

If I were them I will dig more and interact on more interesting topic than simply lecturing some newbies about it. Of course newbies might find it odd too. Right?

crwth

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I do think we are way past this thought already. We know that it is an asset because it is an ETF and that big companies are holding to their own stack and possibly gaining more. Because of these things, it's most likely to be taken as an asset.

Knowledge and confidence in Bitcoin are essential if you want to succeed.

SatoPrincess

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I thought we had past the era of newbies advising other newbies on Bitcoin. You need to improve your writing if you want people to be able to read your posts. Using spacing where appropriate will make your posts readable and appealing to the eyes. I suggest you read this thread: Bitcointalk posting etiquette

?

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Before you venture into a crypto space and even thinking of investing in a bitcoin,you should ask yourself first whether bitcoin is an asset or not,we all know that asset is what adding value or appreciating with time.If eventually bitcoin is an asset how do i go about the investment aspects of it.As a newbie or beginner in the bitcoin forum these are the things you should know,because bitcoin is an electronic form of investment so as such need to know all the rudiments on how it is been operates,I have made to understand that it is important to have little knowledge about the bitcoin market system and its operation,cause if you fail to observe this principle there’s a tendency that you will not last long and you’ll not make it in your investment as far as bitcoin is concern.Bitcoin investment is quite different from any other investment you can think of,so as such you need to pay attention to details before investing.Though,bitcoin is the safest and coolest form of investment which i can confidently commends anybody without looking back because i know what that person will stand to gain in the end.

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