Bitcoin Forum

National Bank of Israel officially announced that the Bitcoin is not currency but asset. I think that most countries will follow the example. what do you think?

Can I know what difference it makes? Does Bitcoin lose its value if it is known as an asset?

why did you create this misleading title? when you are quoting someone you should include the name of the source.

and who cares what a National Bank of some place is saying about what bitcoin is. they are defining it as an asset so that they can deal with it easier. most of the times it is a matter of taxation since they can't exactly tax a currency!

what matters is how people are going to use bitcoin and so far it has been a currency apart from last 2 months and hopefully this changes back to normal low fee transactions soon too.

To me Bitcoin is both currency and asset.
If we take it as a currency then it is easy to trade. Bitcoin can easily be transferred from one place to another. On the other hand if we take as asset then it's value is rising day by day. So, as an asset it is a good one. So to me Bitcoin is both

It depends on how people use it.

It can be used in both ways but it seems that people are mostly using it as an asset rather than a currency for now.

Totally agree. Bitcoin is too slow, too expensive and doesn't support smart contracts to be a currency. It's definitely a good asset that costs a lot and is relatively stable. To become a currency crypto needs to be accepted almost everywhere, be easy to use and earn. Thus there is hardly any genuine cryptoCURRENCY.

Considering Bitcoin as a currency is against National Bank's interests. Bank does not need such strong competitor as Bitcoin, because of its "cripto" nature. People will surely avoid taxes by using BTC and erase traces of money tranfers while Israel is under terrorist threat. Situation there is very different compare to Japan.
Besides Bitcoin's fees dont let us to use it as a currency in common sense.

Last two months? What happened in only the last two months that didnt before?  Certainly holding Bitcoin, speculative trading have been going on since years ago.  What hasn't happened much is use as currency to buy goods and services, i dont know the amounts, but i'd bet a Dogecoin less than single digit proportion of Bitcoin transactions have been for buying something.

Its an asset, the dreams of Satoshi disappeared aloooong time ago.

Call bitcoin what ever names either currency or asset or properties and so on, it does not change its value. All we need is continues appreciation to enable us become a millionaire one day.  

Bitcoin is Not a Currency. How will a currency function as a "stable" Value Store? If the currency serves as a stable value keeper, then the cause of inflation will occur naturally. Anything that can be a "store of value", must be able to ensure that its value is feasible and can last a lifetime. Comparable to long-term purchasing power.

Bitcoin does both. Some people exchange it to cash or do trading with it in order to make more cash, in this example Bitcoin is serving as a currency. If you hold it for a long time, you keep it as a store of value, in the long run it can have an impact in changing your life for good, in this case is serving as an asset. So bitcoin can be both money and asset.

On my own opinion I am agree with the National Bank of Israel because as we know most people are only using bitcoin for trading,  investment, or mining as that is the nature of an asset.  You can not really say that it is a currency because we are not using the bitcoin to buy goods directly. 

Because the BTC transfer fee is too high at the moment, it may be difficult to use as a currency, but as an asset, I think it is something like a large collection.

Let me start by adding a source to this thread: Bank of Israel: Cryptocurrencies Are Assets Not Currencies (https://www.coindesk.com/bank-of-israel-digital-currencies-are-an-asset-not-a-currency/), so I can do some selective quoting:
She quite literally says currencies are not a currency.

But that's just the opinion of a central employee. Bitcoin is designed to be electronic cash (https://bitcoin.org/bitcoin.pdf), and it's designed to be independend of any banker's opinion.

the banks and the government always want to call bitcoin something other than a currency. they will do anything they can to prevent bitcoin from being a currency because if that happens, their business and livelihood will be threatened unless they act fast and adapt to the new situation and the world with a decentralized cryptocurrency out of their control.

I do not think that's the real meaning of Bitcoin. The initial purpose of the creation of bitcoin is to be used as a currency, but now most people see opportunities and consider Bitcoin as an asset if invested then be able to generate profits. For me Bitcoin remains a currency, Bitcoin has a valuable value and can be used to conduct financial transactions. Bank of Israel too quick a decision as Bitcoin is used and developed by everyone in the world. Currently Bitcoin has become a necessity of many people.

its depends how people use it but for me, bitcoin is asset and cryptocurrency
both  ;D

Sure, but for tax purposes this is important to make a distinction between the two definitions. If Bitcoin is a currency, VAT

will come into play, but if it is defined as a Commodity... then Capital Gains will come into play. The government should

also define it for merchants to know if they can accept it as a currency. {for the auditing of their books}  ::)

It does make a huge different for legal and taxing purposes. What the bank has done is basically impose the same taxes on Bitcoin than any other asset. Currencies have a different legal regulation in most nations and taxes for gains are different.

yes, that's what I think all along, bitcoin for me is just an asset, and just like any other assets. bitcoin is a better form, because this asset is combined with a very modern technology that is blockchain technology

I think so too, though bitcoin is created as a cryptocurrency, it is more worth mentioning as a digital asset.

I was thinking the same thing. Bitcoin is indeed an asset for the future. And any country that permits a Bitcoin I am sure one day the State will be more advanced.

somewhat I agree. Bitcoin is not   an asset, since   it does not   generate cash flows standing alone for those who hold it  unless you sell it and convert to cash.

I would argue that bitcoin is best used as an asset or investment not as money or fiat, because of the instability of bitcoin that does not allow for payment.

The topic is created for discussion, i am just interested in position people who are here, what o they think on the issue, do they perceive it like currency or like asset.

No it will not lose value, but if it will be considered as currency, I think it will be used more and more actively.

In my opinion, there is no relation between lossing in value with an asset called.
Bitcoin loss value because no more high demand involve and in my opinion  it cause more people put their money into altcoin.

I agree bitcoin is asset not money because it's better for you to be the bitcoin for your money too well to recover your currency as much as the bitcoin value goes up. The bitcoin is while increasing its value is also rising currency of your money to see. It is good asset to earn lot of money and to save the bitcoin a lot of us.Bitcoin is also a bitcoin asset or capital for something you want to build business or expense for road trip family bonding and so on.

in cryptocurrrncy bitcoin is great currency.I myself opinion is bitcoin id an asset rather than currency.if anyone hold it its a great asset.

With the current situation of bitcoin and the culture that we have, I guess it is not impossible if all the other countries will follow the same path Israel took over bitcoin. For me it is not a bad thing for as long as it has been officially accepted by our country and it will still give out the benefit that it provides us currently.

I don't think that it will make any difference because currency is something by which we can purchase anything in exchange. And bitcoin can also be used in same way. So it can also be called as a DIGITAL currency.

I think everyone has a different perspective. even for someone who does not know bitcoin will think far from the benefits. so I don't care, some say it's a virtual asset or currency. the most important for me, I can still continue to be involved in crypto and bitcoin.

Well said! they are now scared what bitcoin is capable of because someday once bitcoin take over the all fiat currency the bank will end up to bankruptcy. They are trying to divert the knowledge of the people in order to delay the process of transition from fiat to crypto currency.

Fully agree, commission and time delays make Bitcoin unsuitable for the simple payments. Of course if u want to buy car, house etc. it is good enough, but for everyday purchases there are lot of other altcoins, projects that it's more easy to implement.

it seems that bitcoin can be both and according to people will vary, so no problem bitcoin will be called what is important we can still benefit from playing bitcoin.

that's right, bitcoin is using as both asset and currency, however bitcoin is not being used as currency properly because it is still having problem in transactions fee and still very less useful in daily life, however, because of its value, bitcoin is still being used as an asset to trade or holding for long term, so this can only be used as an asset commonly.

Bitcoin is a high class asset, but it is a speculative kind of asset with total of twenty one millions coins divided around the world. Bitcoin is not totally called a currency because of the significant risks on how price being called like a bubble by going up and down, bitcoin having unstable price. But i really understand of what the price moving high and low it is because of the demand and supply basis. Many people says that bitcoin is an assets but not a currency.

no matter the asset or the virtual currency. the most important for me, its value continues to rise and become an advantage for me. many people will have different judgments.

I think of Bitcoin like a rolex. It has name value and people believe it to be worth quite a bit of money. That is why people want to flaunt it and will even pay high prices for secondhand market. If I can sell a Rolex for money then I think I should be able to do the same thing with bitcoin. I think it started as a currency but it has grown above that. Think of it as a limited edition Rolex signed by the owner. That could be auctioned off for a tremendous amount of money.

The other altcoins are trying to be a currency. The technology is useful. It keeps people accountable. It would change the entire monetary system as we know it. Many companies would have to adapt or die. It has happened throughout human history. Adapt or die.

Yes for sure, it is currency and asset at the same tome, depends how you use it

Asset because it is something control by the people and which is used for our earnings and accumulating money also used as a way of payment or buying something. Also, it is a currency generally because anything that uses for paying some goods or services can be treated as a currency because it is used as way of buying or selling things.

It depends on what categories to consider. If someone trades bitcoin, it's a currency for him and a source of profit. Someone who is holding bitcoin and is happy to have it's an asset for him, such as antiques.

Bitcoin is both a currency and a asset .If you want to inverse your money in bitcoin you can inverse as like asset.You can use bitcoin as a currency too.Now KFC Canada start to accept the bitcoin as a payment.At first Amazon accept the bitcoin,now KFC.Soon all the Corporate will start to accept the  bitcoin.

I think even if btc is an asset, it still has to be traded. Like gold, it's not a currency but there are deals, buying or selling. So I think that this will not make much difference compared to the present.

I think it down at matter what governments do, they'll all be forced to accept BTC because of its gains. Also, I think BTC is an asset as well as a currency. I could invest in BTC as savings (asset) to get huge rewards and I could use it to buy something (currency). So it depends on what you see BTC as. It can be both things together depending on your use.

Actually for the moment, I would say I agree with this bank.

Bitcoin cannot be used currently as a money. First because rates (and thus prices) are changing from day to day, in huge amount and then because there is no ATM or credit card allowing you to use bitcoin in real life. And I think that it will never. Just because the bitcoin was not conceived as a fiat currency, so the aim is not to print it.

That doesn't necessarily mean that bitcoin is not suitable to be a currency. It may become a currency, but it must be thought well, just because you don't want to exchange the current control of states and banks for the control of a private printing firm! ;)

Maybe bitcoin is an asset to bitcoin owners whose country forbids bitcoin as a medium of payment, But bitcoin can be a currency in many developed countries that accept bitcoin as a legitimate payment medium

You can say soo but it depends on the purpose of your use.It can be use as a currency but to very few places and that makes it more of an asset than currency.The main motive of inventing bitcoin is to have one such decentralized currency which can be use anywhere which is a long way to go but still it generates you a good profit and that is what matters.

It's a good thing Israel considered bitcoin as legal. I don't really care if governments will call it an asset or a currency for as long a they aren't calling it unlawful.

Its confusing right ? but i think actually bitcoin fall on the same category such as asset and currency, let me widen my opinion, Bitcoin is an asset because its value is high like gold in a certain amount and bitcoin is also a currency because it came from the cryptocurrency and we used it in digital world like a currency. See how bitcoin is flexible ?

a lot of people see bitcoins as an asset it can be but its really made to be as a form of medium of exchange or as a currency simply its a technology that is design to do transactions and complex ledger to records and provide information to its users a true outstanding technology that have so many areas to transform because of its unlimited potential to change the said industries to be more efficient and productive than the previous traditional approach..

yeah, you and I see it like that because we are not biased and it doesn't matter what we call bitcoin in the end it will be what we use it for. for some it is an investment and for some a currency and some others a financial freedom tool.

what OP is saying is what the government is calling bitcoin. and they are biased. they don't just call it an asset because they think it is an asset. they call it an asset because for example if it is categorized as an asset they can easily tax it.

for me its both ok Bitcoin is both currency and asset. no matter how people its called to name . its depends how people react no one can stop btc growth

in the israel state assumes that bitcoin is legal, but if in my own country, bitcoin is considered illegitimate, because according to many people who do not know bitcoin that bitcoin is gambling, but it is not, but if I think bitcoin is a high financial asset.

Yep, everyone has their own points of view. With the extreme development and its popular, I think if you say bitcoin is asset not currency, it’s still normal. However I’ve been not heard that news, I only know that in my country, bitcoin is just a crypto coin, therefore I’ve just put it as currency, not my asset cause its benefits is not sure. And if someday,bitcoin is used like fiat currency, it becomes complicated. Because there also have many people don’t know anything about bitcoin.

I am not agree about it.bitcoin is a currency and asset for me.I want to say that,Bitcoin is both of them.I am using it as a currency and holding as a asset.

For me it's true that bitcoin is an asset that has great value over time. The factor is in Country i live, bitcoin hasn't been accepted as means of payment.

For me it is both currency and an asset. As a currency you can use bitcoin in paying different merchants and mostly online transactions. It is an asset as well because if we invest bitcoin and hold it for a long time we will benefit from the profit that we will earn in investing in bitcoin.

The popularity of bitcoin made it necessary to talk about it internationally, and the governments of individual countries should reckon with it. Some countries even recognized bitcoin as currency. For example, in Switzerland since 2013, bitcoins are treated as foreign currency. However, the majority nevertheless tends to recognize bitcoin as a property asset, the transactions with which must be taxed.
The main problem facing international financial organizations and the leadership of individual countries is the issue of controlling the circulation of the crypto currency, because it is uncontrolled - it creates a large space for the development of the shadow economy.

Well it will always depend on a persons perception and knowledge about bitcoin. For me, bitcoin is a special type of investment where i could expect a definite return in my initial investment combined with a big amount of profit. Some people thinks that bitcoin will only be served as a mode of payment for online services but somehow it is still an asset that generates profit for us.

bitcoin is a very valuable asset for me personally, without bitcoin I can not do anything of course in terms of financial and social
 

Absolutely this is good news for Israel Bitcoin community because finally national bank announced positive feed about Bitcoin.
Yes i agree definitely BTC is such a potential asset.

It’s actually both currency and as well as asset because if you want to use bitcoin so you can use it for buying different things and if you want to keep it save so it can also help you in many things because bitcoin is he only currency which can help you in your present and also it can help you in your future so I think bitcoin is all in one just need to join bitcoin and I’m sure it will change your life as I change my life just because of bitcoin.

Bitcoin was always an asset.I can understand it was made to use as a decentralized currency but it will take very long time to reach in that position.Large population of bitcoin is using it as a way of investment.They are buying it so that they can get good return when they sell just like an asset.

I think Bitcoin can be used as an asset because it charges too much and is too slow.
There is no convenience for a currency. The currency itself is the medium of trading. Unfortunately, in this respect, Bitcoin does not match.
But bitcoin is a valuable asset to invest in.

Well, I'm not against the decision and the announcement of National Bank of Israel but I will just say my opinion against this topic. For me, Bitcoin is both asset and currency. It is an asset because there are lots of people trying to earn bitcoin and they got benefits on it, by getting a lots of money as well as they used bitcoin as their business. Bitcoin is a currency because many online shops now are accepting bitcoin as mode of payment. And the only thing that online shop accepts as mode of payment is a currency, then Bitcoin is a currency (Cryptocurrency).

Many opinions are emerging about cryptocurrency, it depends on each point of view. Especially if the official government issued the statement.
Naturally, this statement appears because bitcoin is more suitable to be used as an asset rather than as a currency. However, if issues related to legality, transaction fees, and confirmation times can be fixed, then one day it can be effective for payment.

At the moment, bitcoin is both a currency and an asset, there are several reasons for this: 1) Bitcoin is still being extracted 2) Consumers and users of bitcoin are growing.

I think for now bitcoin is indeed more likely to be an asset for investment. it is shown from the number of people currently investing in bitcoin and get more profit. but I think and hope the future with this bitcoin technology will further simplify our transaction process. it means that bitcoin can indeed be used as a currency in the future.
hope.

yes I really agree with you. I think the first person to create this technology has a purpose that bitcoin will serve as a better currency.
it's just that today there are still many countries that have not legalized bitcoin, so it is still not seen clearly that bitcoin is created as currency.

Bitcoin is a currency. It can converted into fiat, in my opinion a fiat is also an asset. That is why i conclude that Bitcoin can be an asset or currency

The current standing of btc it can considered only as an asset still far fetch to become a currency. It can only be a currency if it is a recognize form of currency. You still need fiat to have btc.  

Bitcoin is the best asset and so as a currency. Assets because it is your property just like your cash that you save it in the bank, in bitcoin you just put it in your ewallet than in a bank. And their are lot of advantages for bitcoin user and one of those is you are not oblidge to pay taxes for your assets or currency.

I also agree with it it would be better other countries also follow the steps of the israel state

i agree , bitcoin is mainly used as an asset for something like for example in the form of investing or trading because people are always eager to earn an income but the main purpose or usage of bitcoin on why it was built is basically  for paying or sending money international or locally in other words bitcoin is mainly act as a payment system but the blockchain technology that holds bitcoin is just powerful and so innovative to the fact that it can do many other things aside from onlly a payment gateway and that is why bitcoin is also an asset.

hi,buddy


I agree with them , it was asset

like a property , car and etc no one can give a 100 % accurate prediction..

The values alway change everyday

Now, I will say bitcoin is a currency, because in some countries bitcoin already used as a legitimate transaction tool. But in the future I would say that bitcoin is an asset, considering the number of bitcoins just 21 million and now nearing completion in the mine, with the result that bitcoin prices it will be high, so everyone who has a bitcoin will hold it and they will sell it according to disired price.

That said, bitcoin we should treat him as an asset, and investing in other virtual currencies is to treat bitcoin as a stable asset, just like gold

Bitcoin  is an asset that yield interest and at the same time use as a medium  of exchange  and remittance. Bitcoin serve as a currency like dollars, yen or pounds.

Bitcoin who are holding hands early. They are huge rich now. Bitcoin currency but on the other hand asset.

Definitely it's an asset or whatever you define it but it does not earn interest as the price increase is not consistent.
This is also money as you can spend it anytime and anywhere who accepted bitcoin but the value will fluctuate as that is the nature of bitcoin.
Whatever you think about bitcoin that would be depending on your purpose and for it's an assets as I consider it an investment.

Yes it is more of an asset, but still a type of currency just not in a literal meaning of a currency that most people knew, that is the reason why we called it cryptocurrency. Coming from the word currency, which we used technically for buying online or paying online. We never know, bitcoin might soon be the future currency that we are going to use. So do not say that it is not a currency.

It's most certainly both.

For me it depends on how you use it. For it could be both the same. Asset and currency. I would say it us an asset because it can be pur investment. If we invest in it and keep holding it for a long period of time it can be called asset. But if we can encash our bitcoin right away and use it for oyr daily expenses I consider it as currency . But again it is only my opinion. Either way it helps us a lot and thankful I am here in bitcoin.

bitcoin is vertual currency with high value but some investors buying bitcoin as an assets for future profit because of rising value of bitcoins.

Yes.. I think most countries call it that way.
governments and central banks in various countries say that bitcoin is more accurately called investment assets in digital form. Governments always say, bitcoin is not currency, and will not be able to replace the convensial money.
However, I am sure we all agree that, bitcoin is an asset and a currency. because bitcoin can be made as a medium of exchange in the payment system.

I think that the most important thing about a classification of bitcoin by a government is that it leads to the way how bitcoin will be taxed by that nation.
Assets and currencies are often taxed in different ways.
When I look at the definition of currency as a medium of exchange, I believe that most countries will define bitcoin as an asset in the future.

   They call it like that cause it is how they plan to regulate it. Asset is
one thing, but if they allow Bitcoin to be currency in their state they will
have a lot of problems in the beginning.
   Bitcoin needs to squeeze out traditional currencies and that will not be
easy task. Powerful people control the world with money, and they will not
give that power to other people without a fight.
   Now Bitcoin is an asset, tomorrow it is a currency. It is how things are
going, changing shapes from one to another as we grow.

Money is invested in asset with the objective of gaining profits as a result of price rise and earn money with the appreciation of it.  Most of the people are investing in bitcoin with this purpose because they expect that rise in the prices of bitcoin will as a result earn profits for them.  If someone keeps currency notes with him we can not expect that after few years or months we will gain something but opposite to it we will loss a part of value of money due to inflation i.e. rise in the price of goods; commodities and  services which we can buy presently with a certain amount of currency notes but after period of time say one year due to inflation the prices of all the commodities mostly will rise and we will be able to buy lesser quantity of commodities than we can purchase today.  So if we compare bitcoin and currency with above point; we may say that bitcoin is asset not currency.

But it is not true; in addition to the bitcoin being an asset it is also currency because many people are making and  receiving payments by bitcoin.  They are buying or selling goods and in exchange as a value of commodities bought or purchased they are accepting bitcoin as currency.   So we can say bitcoin is both an asset as well as currency; but it is also true that most of the people presently will not accept bitcoin as currency because of their ignorance; lack of knowledge.  

Interesting, I think you're right its both asset and currency. Actually bitcoin is a currency but some people consider it as asset which is right too. We cant blame them for treating bitcoin as asset, let them be because thats the way they look at it and there is no problem at all.
But i have read an article that says bitcoin really is asset. Because Bitcoin's price is unstable, they say that it cannot be a currency.
"Is Bitcoin the currency of the future? No. There are two big problems with bitcoin as a currency: its value is unstable and its transaction processing is too slow." From www.Forbes.com you can check the article here https://www.forbes.com/sites/jeffreydorfman/2017/05/17/bitcoin-is-an-asset-not-a-currency/amp/

No. If the country's regulation want to see it that way then that's theirs to call. But whatever is an asset appreciates in value and so can be exchanged for liquid cash more or les.

It's atleast better than banning crypto.

Everyone has his own opinion and this time I'm consider bitcoin as an asset not currency. In my country the Government not allowed bitcoin for use as a means of payment, our Government is very sensitive with this problem, they fear bitcoin will disrupt the circulation of fiat money, so I mostly use the bitcoin as investments.

That's because people are using Bitcoin as Asset and the scope of using Bitcoin is kinda limited due to high transaction fees and time, as several platforms are trying to make the faster and minimize the transaction fees, I guess bitcoin will return to its true destiny soon - as a currency.

For me I think bitcoin really is an asset because most people who do bitcoin uses it for trading or investing not to buy goods.

Bitcoin is not a currency because it is an asset. Asset because it gives profit or income to people in time. As said by Wikipedia (https://en.wikipedia.org/wiki/Asset) An asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held by a company to produce positive economic value is an asset while a currency is a system of money (monetary units) in common use, especially in a nation(Wikipedia (https://en.wikipedia.org/wiki/Currency)). From these words I think it is enough that it is more of an asset than a currency.

Bitcoin is an asset and also serve as currency, so far it is sometimes use for exchange of good things across the world, I remember a university accepting coin as tuition fees, so therefore, its also a currency.

It is a currency generally because anything that uses for paying some goods or services can be treated as a currency because it is used as way of buying or selling things. Someone who is holding bitcoin and is happy to have it's an asset for him, such as antiques, So I think that this will not make much difference compared to the present.

Bitcoin has different definition depending on the peoples perspective but in my own opinion, bitcoins should be treat as a currency because we can buy goods through cryptocurrency. The only reason i think why they treat btc as an asset is because, governments are afraid that cashless country will be implemented and they will having a hard time to steal money from different people.

Yes, I also tend to think that it has futures of both of them.

In a simplest explanation, If you see bitcoin as an asset you don't prefer using it as a form of payment but more like a thing which you keep because its value is ever increasing. Bitcoin have become popular all over the world and widely as a form of payment. Bitcoin is really meant to be use as a form of payment to make it circulate in the market. But because its demand is rising its wiser to see it as an asset than a currency.

Bitcoin is not considered as currency because it does not yet serving tge real feature of a currency, it might be a payment but its is not yet accepted by majority and there is no legal recognition from the government.

Defining what it is, is just formality because they cant regulate it if they dont recognize it.
It's worth mentioning that bitcoin is made as an alternative to modern day banking. The problem with banks is that they're centralized
and they hold all the power. They single-handedly crashed the economy through shady housing loans. Bitcoin was intended to be used as
the currency of the internet but because of its scalability problem causing slow transactions. It's impossible to use it as everyday money for everyday transactions.

.           So bitcoin for me is both a currency  and an asset. Bitcoin as currency is known through internet as digital currency in which you can transfer easily to one another through out the world much cheaper and quickly without any extra charges. A digital currency that they can use to buy something from it through online businesses, remittances and exchange trading. On the other hand bitcoin could be an asset also. You just convert  or invest your cash into bitcoin just to protect it  from any government rules and other charges. It could be an asset for its value is getting higher.

Definitely, it is an assets but as with that bitcoin is a currency.
If you have number of BTC then it means that you have some strong number of money and you have store it then it means you have a strong asset. So it depend on each person sense that how he is taking BTC. In real BTC is a currency.

I guess so. Still, the thing that qualifies bitcoin as a currency is the fact that it can be used to buy things, which are online of course. I think an asset can be traded or sold, but not used to buy things that are for sale and not for trade. This is why for me, I still consider bitcoin more of a currency rather than an asset.