Bitcoin Forum

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.

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  (https://bitcointalk.org/index.php?topic=5184741.msg52459430#msg52459430)

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.

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?

This book, The bullish case for Bitcoin (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1) 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.

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.

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.

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.

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.

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.

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?

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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.

 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.

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.

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.

Normally most crypto currencies can't actually be considered as assets and that's basically because of their volatility levels and how much they hold up price and also progress in price but in the case of bitcoin it's a totally different perspective. Bitcoin actually has this characteristic of how an asset is supposed to behave and that actually gives it enough ground to be regarded as an asset.
The point of an asset is basically something that can at least appreciate over time to avoid the direct effects of inflation and also play the role of an investment. Where some newbies do get it wrong sometimes is trying to classify meme coins as investments which often goes sideways.

Since you know that bitcoin is the coolest form of investment that you can confidently recommend to anyone, why did you say someone needs to know if bitcoin is an asset or not before he or she should invest his or her money into bitcoin? There's no need for someone to verify if bitcoin is an asset or not because bitcoin is already in the asset class and is one of the best-performing investments in the asset class. Bitcoin investment is simple and easy to start. Newbies just need to have a steady income and invest in bitcoin with their discretionary income in such a way that it will not stop them from sorting out their daily expenses. If they invest in bitcoin in this way, they will surely become successful with their bitcoin investment because they wouldn't depend on their bitcoin to survive.

This won't stop as long as alts are concerned, what you should know about a newbie account with the experience of a pro is that there is always a senior man behind such a newbie account.

Because knowledge comes with time and the fact that not all newbies to the forum are equally newbies to cryptocurrency, but when newbies display some level of expertise it becomes a concern and a point to question their newbie's status, but then don't be surprised to see more pro advice from newbies in the future due to the reasons mentioned in the first paragraph.

In any form of an asset or investment, one should gain knowledge and understanding first prior to investing, so that you will know how to increase the value of your asset, regardless if it's volatile or not.

However, on the question if bitcoin is an asset or not, we could have ask Satoshi if he's here because he is the developer and founder of bitcoin. But personally, I would say bitcoin is an asset because it has its store of value. It can even be considered as a hedge against inflation. Bitcoin is an asset because of its scarcity. Where there is less supply, its demand increases leaving its value also grows in time. And lastly, bitcoin is an asset because of its global use and adoption, that until now bitcoin is still used as an investment and a digital currency at the same time.

To be honest, I do not think that majority here, or perhaps on the era of 2017-2020 overthink what Bitcoin is, really up to you on how you see it. During the pandemic people are going into bitcoin as a hedge on that kind of economic and world disaster and it was really effective. And then others treat is money, I still remember one member who says that he put everything in bitcoin and then just withdraw if he needed like to pay bills and survived.

Hopefully though as I newbie you have understand it already before like giving us advise. It's not that we will not take it seriously, but being a newbie, you doesn't have the experienced that most seniors have as they have been in this market longer than us.

And for sure this topic has been discussed a lot as well.

Bitcoin is not an asset, Bitcoin is money and the definition of money is a currency (ie. a medium of exchange) that can be used as store of value. This means because Bitcoin is acting as a store of value and also because it is in its early stages of adoption, its value keeps growing against fiat making it a suitable investment.

Calling Bitcoin an asset is like ignoring everything else that it offers which are far more useful.

I largely agree with you about this but there are two categories of people, because most folks here are well knowledgeable about Bitcoin before registering here on bitcointalk but when they display their high level of Bitcoin and or cryptocurrency understanding then it will be questioned. and this set of people when they come to the forum they often do beter and grow faster just like as petrol is set on fire. And they'll grow so fast and people may think it's an alt perhaps it not. While the second set of people are those that that register with zero knowledge and act as if they know perhaps they need to calm down to learn.

Bitcoin was not intended to be an investment asset, but it was created to be an electronic form of money that is decentralized and allows peer-to-peer transactions without the involvement of a third-party. It became an investment option when people saw that it has the potential to grow in price because, unlike fiat currencies, Bitcoin has a limited supply, which makes it scarce and based on the demand and supply formula, its price goes up as the demand increases.

When someone decides to start using Bitcoin, either for investment purposes or as a mode of payment to send and receive transactions locally or globally, it's important for them to understand how it works. You can't use something if you don't know anything about it or its history. Bitcoin has a very interesting history, if you haven't read or researched about it, you should do, apart from the regrets that why you didn't come to know about it earlier, you will find it fascinating.

Bitcoin was meant to be an alternative for fiat currency, an electronic form of money that can't be controlled by the government and promotes quicker and safer form of transactions but lately due to it's ability to increase with time, people now see it more as an asset class and a good digital currency for investment purpose. Although people use it for different purpose, as a store of value, a quicker payment option however the majority now see Bitcoin as an asset cause of it's ability to keep increasing in price.

 I agree with you that for one to be successful with Bitcoin they need to have a better understanding about it, they'll need to know the right process of investing on it since it's now popularly seen as an asset class. Someone who doesn't have a good understanding about it would end up making lots of errors while trying to invest on it, for instance investing on it with the mindset of short-term goals.

Are you giving a tip or just stating that bitcoin could be an asset?.
In this I consider a bitcoin as an asset, it can generate money like other businesses but in terms of market trends and demand of course. But in like in business once you get success on it this could be good as your cashflow there's a generating of money but in bitcoin all you need is to wait until when you want to take profit unless you are a buyer since from the dip of the market price you dont need to get worry too much about the bitcoin price no matter what because you accumulated already a gains.

by virtue of you profile you are a newbie but your post is connoting someone who isn't actually a newbie so i don't know which exactly you are, because i am supposing that a newbie is supposed to be learning and asking questions rather than trying to advise whereby they are supposed to have limited knowledge enough to start throwing out advise to their fellow newbies on the forum so most definitely its very likely you are not a newbie afterall, any ways this does not fail to understand that there are quiet some knowledgeable newbies out there but even with that, in a supposed new environment like this for you, you should be concerned more about learning by probably asking questions.

One of the ideas about what is really free to anyone is that, you get to decide on how to value it. Either as an asset or have it serve as a currency for which it was intended.
To serve in that regard, you have to have merchants out there that are ready and willing to accept it for a means of exchange now, not later. I hear there are a couple of them but, I’ve frankly not have to meet one.

However, Bitcoin having to serve as an asset of value as it is, is to the benefit of all those that are buying and holding now. That’s what you should be concerned about, buying and holding now.

Bitcoin is proven as an asset, as a store of value so there is no need for a long form of debate towards this. But it's a good reminder for those who are starting with their Bitcoin investing journey. It's important for an investor, a newbie to know what they are investing and this isn't just for Bitcoin but for any investment that they will have to put their hard-earned money into. Investing blindly is still a common thing that many are doing just because somebody told them to. It's easy to give those go-signal and have them invested by just using encouraging words without letting them understand where they're investing their money. And, investing is a responsibility and that's why understanding it first is needed because you cannot blame others for your losses and if you win, you praise yourself.

If you want to buy Bitcoin, this recommendation is completely unnecessary and  represent a total waste of time and thinking power. Why should I bother myself analyzing weather Bitcoin is an asset that will increase in value or not when I should be buying it already and storing in my wallet? Those time you are wasting with those analysis and whatever you are doing thinking you are doing something smart might turn out to throw you into confusion and make you doubt Bitcoin in the end thereby missing the opportunity of owning Bitcoin. If you want to invest in Bitcoin, just buy it already and leave complex analysis alone.

Having the basic knowledge is what should be prioritize prior to your investment because you can never learn it all  Bitcoin is still a growing asset let alone staying outside  the box and getting to know it all the rudiments just as you made mentioned, one should first figure out what Bitcoin means to him or her and understand his income flow and that of his or her discretionary income thereafter, getting started and figuring out other things down the road is the best thing to do rather than attempting to know it all before starting your investment. Bitcoin is an asset class which of course appreciate it's value over time.

Learn about Bitcoin, technology behind this, that is innovative and game-changing, world-changing, you can have strong belief in Bitcoin future. If you need something that enlights your knowledge and belief in Bitcoin, this one.

The bullish case for Bitcoin. (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1) Reading it carefully, several times, and after you absorbed its content, you will see no demand of identification Bitcoin as an asset or not, it can be used as many things exclusively as an asset.

Already Bitcoin is a reliable asset that anyone can think of, that is why you see that people value it more than anything. So don't see any reason of asking the question because we all have already knows that Bitcoin is one of the best assets that is fast growing in value. Actually as a beginner having the besic knowledge first before venturing into Bitcoin investment is always necessary, because once you are knowledgeable about Bitcoin investment it will going help you over come some sating things. Because what most people are suffering today in Bitcoin investment is not having the proper knowledge before they joined.

Perceptions certainly, just share, BTC is a digital gold with great potential and at the same time as an investment vehicle, only its growth is very significant, if someone also wants to choose another investment mode, for example, and is done with good governance, he puts his money in real-world trading first, maybe the results will also be able and can profit like investing in BTC. So, in my opinion, whichever is interesting is where people will enter and place their money. For those of us who already know the potential of BTC in the future, there is no doubt or even underestimate its performance.

I didn't think there was anyone left who could question the axioms or ask questions that have answers in economics and finance. There is a precise and clear definition of assets, their types, properties, and functions. And it applies to almost all precious metals. The only difference with considering Bitcoin as a source of value is that it is digital and does not exist in reality, but its effect can be observed, which is what gives it that value. Here we are talking about Bitcoin as a currency and not as an electronic payment tool because the two characteristics are different.

It is very important for one to understand every investment before going into it, the mistake people make is going into an investment that they have on understanding about. When it comes bitcoin investment if their is no understanding it impossible for the investment to be successful because investment in bitcoin seems complicated when one lacks understanding. Volatility will always be a problem to those who don't understand it. Understanding is the principal thing I'm every investment,  it is the reason why an investment becomes profitable but some people are too inpatient to get the understanding for bitcoin investment.

Well I quite disagree with you on this, bitcoin is an asset, there are so many characteristics of bitcoin that makes it to be classified as an asset, just like the one u made mention, store of value, this among the characteristics of bitcoin that makes it to be considered as an asset, this property of bitcoin to be able to store value for a long time is what makes it an asset or we can also to be financially asset or an intangible asset.

I used my browser to search the meaning of Bitcoin, the response defined Bitcoin as a currency not  an asset.

From my extended research, Bitcoin was created as a currency against fiat, the actual way to define Bitcoin is mainly a currency just like you did.

If Bitcoin is now used as a store of value, that means it also can serves as an asset, we can agree that Bitcoin is both definitions instead of taking away one. 

Before you invest in Bitcoin, you must research Bitcoin to find much info so you can decide to invest or not. By research more about Bitcoin, you will know how to start and what needs to be prepared so you can allocates your money to invest in Bitcoin.

If you use Bitcoin as your investment, you need to know that Bitcoin should be a long term investment so you don't have to worry with the price. Your focus is how you can accumulate more Bitcoin with DCA method so you can have more Bitcoin.

Bitcoin is an asset for me so I will buy Bitcoin from time to time without think much about the price. Using DCA method helps me to buy Bitcoin at a schedule.

As a newbie in this forum I have learnt that it is essential to 'listen more and speak less'

Prioritize learning and self-education over sharing unsolicited advice as you might not be able to answer deep Bitcoin related questions. If you really want to create threads about Bitcoin, instead of teaching others about what you are yet to understand how it works I think you should share your experiences, successes and challenges which could be valuable learning opportunities for your target audience (newbies)

 

If you want to start Bitcoin investment you most first understand the concept of Bitcoin when you do that then you go through the history of Bitcoin growth and then you start accumulating, the reason for these is so you will know the potential of Bitcoin and not worry when ever Bitcoin dips, if you don't understand the concept of Bitcoin and it's history growth you will find it difficult to succeed, there was a story I heard about a man who was accumulating Bitcoin and when he noticed that there was a dip in Bitcoin he became afraid and sold all his Bitcoin there by losing money, the reason why he did this was because he didn't really understand that concept of Bitcoin and it's history growth, dip in Bitcoin is not something that should disturb you as an investor because it's an opportunity for you to accumulate more with less price, Bitcoin volatility has never stopped Bitcoin from growing if you go through the history of Bitcoin growth you will notice this, Bitcoin investment is a very good investment and when going into it you should be patient and consistent this two things are key concept in becoming successful in Bitcoin investment.

@op, you are right about newbies learning about bitcoin first before investing, that is just the right thing to do in every kind of investment. However, you are wrong with your statement about bitcoin being one of the safest investments. Bitcoin is a high risk investment. The risks involved in investing in Bitcoin is not only limited to bitcoin's volatility, but some security risks involving hackers, scammers and thieves. So newbies should bear in mind all these before they invest their their money.

@op, you have alot of learning to do. I think it is best that you pay more attention to learning from experienced forum members than dishing out information which may be misleading to newbies who are still trying to build their foundation in crypto. These newbies are vulnerable, so we should be careful of the information we give out. If you are not sure of your source, just ask questions instead.

But this is a contradictory statement.  Money is an asset and if Bitcoin is Money and can also be used to store value, it fits right into the description of an asset.

In the very beginning of economy classes, assets are explained to be tangible or intangible.  Bitcoin is an intangible asset.  It even fits the definition given by IFRS.  Genuine question out of curiosity, can you explain why you believe it is ignorant to call Bitcoin an asset?

I am wondering why other people say that bitcoin is not an asset or what's their reasons for saying bitcoin is not an asset. I am one of those people who say that bitcoin is an asset since bitcoin does have value because if bitcoin is not an asset then bitcoin shouldn't have any value at all and as stated above that bitcoin is money therefore it is an asset and also bitcoin can be converted to cash. According to the search result, an asset is a resource with a value that can be changed to cash which is very much the same as bitcoin.

I have noticed this a lot and sometimes I become curious about the identity behind but sometimes as well I feel some of the newbie accounts are a bit knowledgeable about Bitcoin. Maybe they have had no knowledge about this platform for a long time but upon getting to know about this platform as newbies, they begin to say things they know about Bitcoin forgetting they are newbies and people would barely listen to them as their account is showing newbies as their rank.

For investing in bitcoin you should understand what it is and how it works. If you are new to bitcoin you should learn basics means how to invest in it and you should have knowledge how market works and how it operates. Bitcoin is different from other types of investments so you need to pay close attention to details and understand what makes it unique. While bitcoin can be safe and profitable way to invest your money it is very important to be careful and knowledgeable about it so you do not make mistakes and can get most out of it.

Overtime Bitcoin has proven that it is a store of value because it has the potentials to rally in price and always hit ATH. This is what makes it an asset and that is why the adoption is increasing and more people are holding it for the long term because of it's profitability. Bitcoin was basically created for p2p transactions but clearly many people hodl it for profit purposes, therefore there is no doubt about it being an asset. Newbies needs to however understand it's circles so that they will not panic when it's value starts to dip, it is a volatile asset therefore pump and dump should be expected. It's unique factor is that during bull run it always reaches ATH, unlike shitcoins that doesn't have the potentials to rally and reach ATH.

Definitely some newbies might find it odd, while the smart ones won't even look at the account rank, but focus on the message that the person is trying to send. Especially if the newbie reading the post is not as knowledgeable as the one posting. Well I will say it's all part of the process of newbies gaining experience. A time will come when he will realise on his own, that he shouldn't be advising when he is supposed to be reading and learning from more experienced members. I can remember fully well that I did something similar when I was a newbie. But it got to a time when I realised that, I should be doing more of reading and learning rather than teaching. So I believe what the op is doing, is part of gaining experience in the forum as well.

Having the knowledge of Bitcoin before investing, it Will give you confident in your holding, because you will be able to differential between the bearish season which is a season of holding while bullish season is a season of trading to make income from Bitcoin. Beginners always feel it will not be easy for them to grow faster in income making, because they are still spending more time on other investments than Bitcoin investment,  it will be difficult for such investors to grow faster in the community. Whenever you are holding Bitcoin in the bearish season, have it in mind that someday bullish season will appear to allow investors to release their Bitcoin for sale which is the desire of every investor that is holding Bitcoin.

It makes sense and the entry moment greatly affects our portfolio, but if we have implemented an installment investment pattern, I don't think that's something that makes us always have to wait for low prices. Growing quickly in a community with sufficient ownership is the main thing and capital greatly influences it, although no one knows for sure the increase in the price of new BTC is just predicted to be so much in the next year or the next 5 years.

That's pretty much the definition of money. The problem is that in conversation what we call money is not money at all, like "fiat". It is currency. Currency is a medium of exchange that is not a store of value. But money is a currency that is also store of value. Which is exactly what bitcoin is. So unlike currency, money can be an asset as well. But it is not only an asset, being money makes it also an asset...

Like others have said already, make use of spacing and punctuation appropriately in your write up next time to aid readers and of course, for easier comprehension. I understand no one is actually perfect and English is not our first language but we should try our possible best whenever we are the midst of mix community since it's the most understandable form of communication. By the way, bitcoin is not the safest form of investment as you portray it in your post. In fact, it's one of the riskiest form of investment due to its high volatility. Again, this is not the right time for you to start advising or recommending for anyone, it's the right time for you to get yourself on track learning one thing or another. You can start by improving your vocabulary through the use of modern softwares like "Grammerly" even without a physical tutor. You literally can not be teaching when you need to be taught.

For easy and fast transactions without having to wait for days and work in transacting. A peer to peer electronic cash system, that is Bitcoin.
Speaking of value, Bitcoin also combines and separates value in transactions. If many people understand Bitcoin only as an investment asset that can generate profits, it is because the price of Bitcoin has continued to change since it was first created until now. As a beginner, you don't look like that. The dot with the next letter needs a space in writing.

maybe not. For me in crypto I didn't to be called assets. because cannot predict if market crash like yesterday.

Bitcoin remains an asset because it can be traded at a high exchange rate, and is even more growing in value. One can only be called an asset if it’s used to produce positive economic value, and since bitcoin can be traded and converted into high amount of fiat, hence it’s certainly considered as an asset. If people are seeing it as a highly valuable and profitable source of investment, no doubt it’s an asset that is gradually increasing its value and demand to the people, especially to its investors.

Bitcoin is both an asset and a currency because we can use it both ways. We can use it to store our wealth, so it's a store of value, which is a characteristic of an asset, and it can also be used to make P2P transfers, which makes it a form of currency that is digital. We don't need to argue about its identity and what it should be called because it's both.

If we base our opinions on the purpose of its creation, then of course, it was created as a currency that can be used to make peer-to-peer transactions in a decentralized manner; however, over time, people saw that it grows in value, and that was because it had a limited supply, so from that point, people started using it as an asset to store value and earn profit by buying, holding, and then selling it for a higher price in the future.

The point is, Bitcoin is both.

It sounds like an asset, it looks like one and it even fits the description properly.  It is definitely one.  I agree that Bitcoin is not JUST an asset.  It has a lot of excellent characteristics.  But so does Gold.  Yet you never hear people explaining what Gold is in three paragraphs.  It is value.  Or metal.  Or precious, an asset or 'real money' as a lot of people call it.

I don't know why I don't like the use of the word "rise quickly", because there is a tendency for people to think that owning Bitcoin assets can be a quick way to make a profit.

Bitcoin will be more recommended for those who have patience and knowledge regarding market developments. those who want profits in a short time may not see how Bitcoin actually grows over time.

you may see some people showing off their portfolio of Bitcoin asset holdings. but you may not know how long they have been building and planning their Bitcoin investment.

Definitely. It really fits the description and yet some people still have different opinion about it so we really can't help it because after all, it is their belief that bitcoin is not an asset while others think of it as an asset or many things or in your own words that it is not JUST an asset. Due to bitcoin fit the description is that many people compare it to gold which we see many threads about it.

At first, when I was just starting in cryptocurrency I dont really think Bitcoin as an asset and the way I understand it is, it is just a digital gold or digital currency something like that but not really as an asset but overtime I kinda realized what Bitcoin really is and why it is even better than other investment, to the point where you could invest on it and profit on it more than the real tangible assets in the market right now. Probably that is the only thing that make it different from other assets since its not a tangible assets its more like a digital asset. Kinda similar to stock but stock is back up by real company assets compared to Bitcoin where the market price is just depending on the supply and demand in the market.

At the moment Bitcoin and cryptocurrency are already considered as an asset and already similar to stocks, we already see a lot of countries already recognize crypto and Bitcoin to the point that they are already planning on making cryptocurrency reserved as an investment, so that's already proven the point that Bitcoin is an asset, still cryptocurrency and Bitcoin is a risky investment and asset compared to other, so its already better to diversify your investment and assets, so that you could easily minimize your investment risk. Personally, I'm gonna be willing to sell some of my cryptocurrency just to buy something like real estate or a house, land, etc. just because it's a tangible asset and it's a much safer investment. But I wouldn't sell all of my cryptocurrency just to exchange it for other assets.

Bitcoin is whatever you want it to be; you can either describe it as a store of value, an asset, a currency or whatever else you want to address it as, as long as that title addresses the reason you own it and what you use it for. That's all that matters. In the general public, what Bitcoin has been described as is numerous and far beyond just being an asset which is said to be for its usefulness to be profit generation.

If I was a newbie, it's not even going inside my head whether it is an asset class or not. Because what most of the newbies want to know is if Bitcoin is profitable.
There is no other thing that will make them curious because it doesn't matter for most newbies.
The only thing that matters is if their money is going to multiply and it's not going to lose upon investing in Bitcoin.
That does makes sense right? For once and for all, that's the only thing that matters and if they made a profit, when they can take it out.

Legal classification disagrees with you. The classification by the SEC is that it is a digital commodity (https://bitcoinmagazine.com/legal/bitcoin-marks-8th-year-us-commodity-sec-crypto) and has been such for almost a decade now (very quietly so but still, that's how they've classified it), and I don't disagree with it. Its transfer-ability and digital properties sure makes it seem like currency, its properties of limited supply/scarcity actually makes it more so like a commodity.

Well when we say Bitcoin is decentralized that also means a centralized entity doesn't get to categorize what Bitcoin is and we shouldn't care how they categorize it either. Not to mention various centralized entities categorize Bitcoin in different ways, some have outright banned it as something illegal, some categorized it as a commodity, some as security and we all know of El Salvador that has categorized it as legal tender!

That’s just the classification the US uses to determine how to tax it. But no matter how they categorize Bitcoin, I still see it as an asset because an asset has value. When we hold Bitcoin as an investment, it should be considered part of our assets. If someone asks about our net worth, of course, we’d include Bitcoin in the calculation, since the basic formula is assets - liabilities = net worth.

Bitcoin is a store of value and a huge opportunity for small investors to buying fractional amounts, even if they are small in size through continuous accumulation. There is a primary objective to make a profit in Bitcoin, but to get to that point, you should consider holding targets. To realize the effectiveness of a store of value, you are recommended to hold for the long term once you own it. Bitcoin offers you the potential for high returns with a 4-10 year deposit.

Centralized entities try to classify and categorize Bitcoin as centralized, while Bitcoin is truly decentralized. They are trying to do funny and ironic action, to prove that their centralized entities are good while they are truly not good.

Bitcoin is what it is, and it is decentralized. It does not need any entity, centralized or decentralized, to categorize it. Because any third party categorization on Bitcoin does not change what it is.

If people want to know what Bitcoin is, centralized or decentralized, they can read the Bitcoin white paper, check Bitcoin node map, hash rate distribution map and they will see fact.
https://bitnodes.io/

You seem to be asking questions yet answering yourself. Although there is no big deal goin about how to invest in Bitcoin, all you just need is to  learn how to buy Bitcoin and store in your wallet and Hodl for a long period of time. And not that you buying will be either weekly, monthly or through DCA or lump sum. In whichever way you purchase Bitcoin to increase your stash before the appointed time of reap.

Well you don't need to be fully ready to invest in Bitcoin. You can be investing little by little as much as you can afford till you reach a desired amount. Waiting to learn everything about Bitcoin before investment may result to a no coiner or low coiner.

It depends on what you believe in. If you believe that Bitcoin's price is primarily driven by supply and demand, then you're considering it a commodity. If you believe that other factors are primary over supply and demand, then you believe it's an asset. The reason for that, is simply the definition of a commodity (primarily valued by supply and demand factors) and assets (that also take into account other factors). Source: morpher (https://www.morpher.com/blog/commodity-vs-asset).


It's not really about a centralized entity giving it a classification, it's more so about what it is best defined as period. Even if the SEC did not classify it as a commodity, I'd still say that it is a digital commodity - as it is primarily driven by supply and demand factors (which is the definition of a commodity). It's not a security as Bitcoin is not a company or is not a reflection of something's performance or an investment into some form or operation. A digital commodity can also be considered legal tender, just as El Salvador have. "Legal Tender" is not a classification such a commodity, security, currency and so on. It is a choice by a government/law to allow something (commodity, currency, whatever it may be) to be freely used to transact within its jurisdiction.

Bitcoin is definitely an asset, there is no doubt about that, even from the early time of creation till now you observe that it has pumped drastically in price, and those who held on to their holding have enough of profit right now. And one of the most important part is that, if you keep on holding for long you'll also get some profit then you'll  realize what bitcoin truely is. I can perceive from questions like this that they are mostly asked by newbies or should I say those who have not yet started investing in bitcoin, or even those who made their investment but with the wrong approach. Try investing today so you'll have some experience and then can be able to advise others fluently.

I don't understand why you said that Bitcoin is not an asset but agreed that is is a store of value, my understanding of something that is valuable means that it an asset, I think that the two means the same thing. Firstly Bitcoin is a decentralized digital currency and because of it's potentials to reach ATH in every bull run, people started to hold it as investment, so that they will be getting profits on their capital. If gold and real estate are considered as assets because they are profitable I believe that Bitcoin should also be considered an asset because it is also profitable to hold.

I understand the added advantage that Bitcoin has over other reputable (assets) investments, besides being a store of value like them, it is also a digital currency for payments without the interferences of third parties. It gives it's holders privacy and freedom of sole custody and peer to peer transactions. I think that these qualities qualifies it more as a valuable asset to it's holders. More clarity from you about why Bitcoin shouldn't be called an asset will be highly appreciated.

He may refer to the purpose of Satoshi creating Bitcoin as a currency. However, people makes Bitcoin as a store of value and it becomes an asset as well. An asset is something which has a value and it is possible to earn profits in the future. This fits with one of Bitcoin's current functions. It isn't only used to pay something (goods/services), but it is also used for investment purposes. Since the price always grows from one cycle to another cycle, people can get good profits from holding Bitcoin. Yep, it is quite similar with holding Gold that keeps growing its value.

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References:
- Asset : Definition, Types, and Examples (https://www.investopedia.com/terms/a/asset.asp)
- How does Bitcoin compare to other asset classes? (https://www.bitcoin.com/get-started/bitcoin-as-an-asset-class/#:~:text=and%20fiat%20currencies.-,Is%20Bitcoin%20an%20asset%20class?,class%2C%20the%20tide%20has%20turned.)

Yeah Bitcoin is an asset with the derivation of it market price increases that brings it investors the chances of making profits.
To whom may require convinceable outlines of this, we can then agree that it market has broken several ATHs which I have personally witnessed thr $109K while others has also commended of seeing a $110K - $111K. It is just a little mile historical reviews that Bitcoin volatility potentials is equivalent to perform asset possessions.

Also by valuable histories, we would also note that Bitcoin has been a worthless but as adoption rate gets to expand with the institutional investors embraces the market is so highily the market values grows too.
So at all accordance, Bitcoin is being a feasible source of incomes that is potential to long term goal of stimulating your incomes as asset in the long run.

Bitcoin has not been granted the access to be called money, Bitcoin is a digital asset in which you can invest to yield positive in return, secondly Bitcoin is not acceptable by every country, its a few countries that embrace Bitcoin currently, so on that note, it's not generally accepted as the way traditional currency is generally accepted as a currency...for now Bitcoin is asset, because the purpose of some countries purchasing bitcoin is for economic reserved, so, from my perspective what's been reserved for future betterment is called asset, so therefore Bitcoin is an asset.

Bitcoin is a currency and was created to serve as a currency. It is the volatility of bitcoin and it's limited supply that made people realise that they can gain more HODLing bitcoin than using it to buy coffee. This is where the game changed and people now start using bitcoin more as an investment asset than a currency.

Yes Bitcoin is an asset,an asset with massive return of investment.People do refer Bitcoin to as the 'digital gold' of course it is the new gold that it is in a digital form. A newbie advising a newbie to invest on Bitcoin is just like a blind man leading a blind man,many people find it hard to believe mere conversation without proof, mostly those that can be hardly convinced because they've termed all online investment as scam but Bitcoin has outgrown that stage for anyone to think it's a scam except the person is not in this digitalized generation.So as a newbie what would be your proof (profits) to convince your fellow newbies on how profitable Bitcoin investment is.Before I conclude my write up I would advise you to improve on your writing skill,know when/how to use your punctuation marks.

Basically an asset in contrast to a liability bis actually something that wouldn't incur extra costs managing and has a high chance of bringing in profit from time to time and the fact is based on the trend of bitcoin over the years, it's actually fir to be referred to as an asset, a crypto asset more precisely.
Infact I think in the whole of the crypto space bitcoin is the only Long-term asset reason owing to its ability to hold up price while still appreciating in value over time.

Truth been told bitcion is an asset.before I joined this forum have been trading on Bitcoin which have both some crypto for trade.but at a setting time I let my crypto for a while when I was not needing it.At a point I now needed money for something I when to my wallet and trade my crypto which as appreciated with some profit and I was able to solve my problem.

Correct. Bitcoin was created as new type of currency. It is to solve the problem that we always need the third parties to transfer the currency. But it is difficult to obtain legality in each country. So people mostly use the Bitcoin for holding only. Luckily Bitcoin has limited supply and its price continues to grow, so people prefer to use Bitcoin as an investment. If Bitcoin is accepted as a currency around the world, I think people will also actively use Bitcoin as a currency.

What can you conclude that investing in BTC we will not lose if we want to hold on, but if we only hope to be rotated for a while it will not be much different from ordinary altcoins.

An investor will know at the beginning that what he holds will give him something that other coins have not been able to give in terms of profit with a note in the long term and will not be in vain. In the future, BTC will be considered as "digital gold" because the level of trust comes high and has a very good level of liquidity.

This is what makes it interesting so that many investors are sure to put their money here even though they know the conditions are also volatile.

Well firstly you need to understand newbies on this platform are here to look for knowledge to understand more and to improve in knowledge. so its really good if you share basic knowledge to help us understand. thank you

First of all, welcome to the forum. I don't need to tell you twice that Bitcoin is a real asset. You joined the forum because you are interested in Bitcoin. I want to give you a small piece of advice. Before writing anything, gain knowledge in yourself. There is no such thing as you have to read some topics first. Read only those topics that you are expert in and are interested in. Share your skills with us. And try to learn something new.

Assets are wealth owned by someone, both tangible and intangible, that's the literal meaning and bitcoin itself in my opinion is an asset that we can consider as one form of wealth that we have if we have it, bitcoin can continue to have a price increase because market demand is also resistant to inflation so that in the last decade bitcoin has had a significant price spike, but if we talk about assets that do not decrease in value, of course we don't think like that because bitcoin has a cycle that has a price fluctuation that is fairly high, but that's where the art of bitcoin is, if we are not strong in holding it then we will lose the opportunity to get rich, in this case there are many stories of people who regret it.

I agree, technically Bitcoin is an asset, just as a FIAT savings account with a balance
is an asset or a piece of real estate, they all fall under the term of assets.

I know pooya87 mentions Bitcoin is a currency - a medium of exchange and I
agree here too though some would say we shouldnt be buying coffee's with Bitcoin.

As per Michael Saylors explanation, he says Bitcoin should be considered as
digital capital, just like real estate.

Bitcoin can be used in many ways, as an asset, a currency, a digital capital, store of value, and more. It is up to Bitcoin users to use their bitcoins in use cases they want and legally in their nations.

Rather than debate about it, I recommend this book.
The bullish case for Bitcoin (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1) is a book with many insights and surely helpful for Bitcoin investors, or anyone who are interested in Bitcoin and want to learn more about it before becoming a Bitcoiner.