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Author Topic: Bitcoin is a treasure.  (Read 534 times)
tygeade
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March 17, 2023, 12:52:02 PM
 #41


But if someone may ask you, what do you call BITCOIN?
If Bitcoin is said to be a “treasure” it has a deeper meaning because it is in limited supply and difficult to obtain, similar to how treasure is a rare and valuable item.

In my opinion, why do many people like using Bitcoin as an investment because as a form of digital currency it has potential and can be used as an investment opportunity in the future, but what must be considered is that its value can fluctuate at any time.
I would guess that using it as currency is something most people feel terrible about because we know that it is something that will gain a lot of value and that means if we spend it then we are going to end up being sad about it when the time comes and it doesn't really look like we have enough like we used to.

So, if I spend 1 bitcoin at 25k+ right now and buy a car, then when the price becomes 100k per bitcoin then I would be upset because I could have bought 4 cars with it, that is the sad part about it. This is why I believe that we shouldn't have done this, it was a bad choice and we should have avoided that as long as we possibly could and that is why people don't spend it too much.

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March 17, 2023, 01:15:14 PM
 #42

To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?
Bitcoin can be called whatever you want depending on the angle you are viewing it from. Whatever i own and remains in my possession is a property to me. If someone owns a car that is being used for taxi, to him it is an investment and the car is his property. It is an investment because it is been used to generate income, samething applicable when it comes to bitcoin. Bitcoin is a digital investment and also it can be digital property because you as the owner only has access to it. You can decide to see it or give it out as a gift.
To me, bitcoin is an investment, it is one of my survival means.

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March 17, 2023, 01:33:19 PM
 #43

BTC is a cryptocurrency, a type of private, digital money that operates without the involvement of a bank or government.
As an investment asset, BTC offers capital appreciation and an inflation hedge, but its volatile price swings make it a high-risk investment.
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March 17, 2023, 02:10:23 PM
 #44

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?
Bitcoin is the most valuable asset for me bitcoin is not a treasure price to be precise bitcoin is as an inheritance for your descendants. bitcoin can prosper your family for generations, don't make bitcoin as an asset because wealth has no owner, whoever gets it, he will be lucky.
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March 17, 2023, 02:36:08 PM
 #45

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?
Bitcoin is the most valuable asset for me bitcoin is not a treasure price to be precise bitcoin is as an inheritance for your descendants. bitcoin can prosper your family for generations, don't make bitcoin as an asset because wealth has no owner, whoever gets it, he will be lucky.
What you say is right there is nothing wrong. Maybe the OP meant to say Bitcoin as an investment and treasure because Bitcoin can make someone who owns Bitcoin get rich quick if they have it for future assets. this is just like what happened a few years ago bitcoin went up to $69,000. It does not rule out the possibility that if you buy bitcoin now, in the next few years bitcoin will pass through the new ATH.
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March 17, 2023, 02:40:50 PM
 #46

Bitcoin is a long term investment, just like gold which has been an investment for many people for a long time. But if someone says that bitcoin is their property for them, that's also okay because maybe they think that bitcoin is something like an investment. Property here means that bitcoin is his, which applies as an investment. So there's nothing wrong with that and it's up to each person's perception. But if you can explain to those people that bitcoin is an investment like gold, that would be even better because it would change how they say it is an investment.

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March 17, 2023, 02:56:26 PM
 #47

It's up to you to describe what bitcoin is, but for me bitcoin is a currency and an investment asset.
I'm not going to say bitcoin is a treasure because in the end I have target and time frame to put it on the market. This means that the bitcoin that I have today are for sale in the future even though I am willing to hold them in the long term, for example the next 4-10 years.

Bitcoin is indeed very difficult to predict especially regarding its price and future, but this asset tends to be monitored even if you don't connect your wallet to the Internet. So I'm just going to say bitcoin as currency and an investment asset, that's all.


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March 17, 2023, 03:04:54 PM
 #48

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?
Anybody can of course call bitcoin as their property or whatever they like to label/name it as long as they own them and have the keys with it, it's all the same thing and there's no need argue about how we should call it. Now let me ask you OP, aren't your investments your property too? And treasure as well? I certainly hope that your answer is yes.

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I don't know if am wrong or right.
That is surely the case here OP and I think it's you who should learn more and read more.

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March 17, 2023, 03:12:15 PM
 #49

~
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?
Bitcoin is just Bitcoin. Simple as that.

Some might call it an asset, some might call it an investment, some might call it a scam, some might call it a treasure, some might call it a shitcoin, some might call it the way they wanted to, but Bitcoin is just Bitcoin and I will call it Bitcoin.

People call Bitcoin different things because of it's properties, and I understand that. It just that, I can't see Bitcoin as a treasure, or whatever. An asset or an investment is the closest thing that I can call to Bitcoin, but other than that is a no-no.

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March 17, 2023, 04:42:46 PM
 #50

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?
I totally believe that he is referring to Bitcoin as his investment just as you see it but in a word he understands. If that person is referring to Bitcoin as his property I see it as an investment because having a property is also an investment that earns you profits over the years. The beauty is that that person owns 2BTC if he doesn't value Bitcoin he wouldn't be holding a whole 2BTC you do know that 2 BTC is life-changing in many locations right? so regardless of how people refer to it other than scam  Grin its ok.
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March 18, 2023, 06:35:26 AM
 #51

~
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?
Bitcoin is just Bitcoin. Simple as that.

Some might call it an asset, some might call it an investment, some might call it a scam, some might call it a treasure, some might call it a shitcoin, some might call it the way they wanted to, but Bitcoin is just Bitcoin and I will call it Bitcoin.

People call Bitcoin different things because of it's properties, and I understand that. It just that, I can't see Bitcoin as a treasure, or whatever. An asset or an investment is the closest thing that I can call to Bitcoin, but other than that is a no-no.
Bitcoin existence have served alot of purposes in the lives of traders and investors. Occasionally, it have been the sources of incomes in most families and they depends on it for their daily meal and existence on earth. Let's take a proper view from OP side, Bitcoin can be seen in all categories you mentioned because it's very important in the space and there's more chances of gaining enormously from it whenever it triggered the bull signal. It can be called whatever names you choose to give it because it have already served an essential tasks in your budgets.

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March 18, 2023, 06:52:21 AM
 #52

To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Not sure if this is a problem because of translation, but I don't think bitcoin is a property. For me property is a house or an apartment, something tangible I can live hin. It's specific to one fixed location and there can't be other people owning it if it's mine. Also it can't be traded quickly without lawyers involved in the deal. That's why bitcoin is a currency and an asset for me, which means its an investment. A treasure for me is something you find which is rare and there is no real value to it. Maybe in the broader sense bitcoin is treasure, but for me a treasure is more some gold jewelry you find hidden in the basement from your great great grandparents. A good thing for looking at bitcoin as a treasure would be that we are not going to give it away easily. A treasure usually has a high value to us and we wouldn't sell it cheaply.
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March 18, 2023, 07:18:16 AM
 #53

Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?
What is a property?
It is a thing or things which someone or a group of person owns. Propreties can either be an asset or a liability as such if someone sees Bitcoin as a property they are not far from reality. An investment is an asset which can be added to one's portfolio be it online or offline as because Bitcoin can be addressed as an asset it can also be attributed as a property. Both properties and investment can possess both online and offline representation. So both can be used to describe Bitcoin which means it can be referred to as a property as well as an investment.
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March 18, 2023, 07:43:36 AM
 #54

Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?
What is a property?
It is a thing or things which someone or a group of person owns. Propreties can either be an asset or a liability as such if someone sees Bitcoin as a property they are not far from reality.
 (....)
Lack of context from OP, we don't know if the meaning of "property" OP wants to say is the physical establishment or real state something or on another side is it's real Bitcoin and the "property" there is the physical backups of the keys of the wallet or maybe it is a hardware wallet, we don't know.
Or maybe we can also relate here to some real state properties are for sale using Bitcoin as a payment method, maybe that's an example.

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March 18, 2023, 08:59:16 AM
 #55

If I look at Bitcoin in general it is still considered a type of digital asset or cryptocurrency rather than a form of property or commodity and if I am not mistaken it operates outside of traditional legal and regulatory frameworks.

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March 18, 2023, 09:14:28 AM
 #56

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

You have it wrong OP, it is not an investment. Satoshi Nakamoto developed it to be a payment option... not an investment option. Go read the White Paper on Bitcoin and see what Satoshi calls it.

Like "cash" or fiat currencies... people can trade with it (Forex markets) but it is primarily supposed to be a currency. Anything you own.. can be your property... so it does not have to be a house or a piece of land.  Tongue

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March 18, 2023, 09:31:19 AM
 #57


But if someone may ask you, what do you call BITCOIN?
If Bitcoin is said to be a “treasure” it has a deeper meaning because it is in limited supply and difficult to obtain, similar to how treasure is a rare and valuable item.

In my opinion, why do many people like using Bitcoin as an investment because as a form of digital currency it has potential and can be used as an investment opportunity in the future, but what must be considered is that its value can fluctuate at any time.
I would guess that using it as currency is something most people feel terrible about because we know that it is something that will gain a lot of value and that means if we spend it then we are going to end up being sad about it when the time comes and it doesn't really look like we have enough like we used to.

So, if I spend 1 bitcoin at 25k+ right now and buy a car, then when the price becomes 100k per bitcoin then I would be upset because I could have bought 4 cars with it, that is the sad part about it. This is why I believe that we shouldn't have done this, it was a bad choice and we should have avoided that as long as we possibly could and that is why people don't spend it too much.

It is true, the original purpose of bitcoin was not created as an investment, but today it is and is considered an investment rather than a currency or a method of payment. I know some people want to turn bitcoin into a currency rather than an investment, but this is very difficult. Honestly, I also don't want to spend my bitcoins during this period, I just want to accumulate as much as possible because I believe the value of bitcoins will be huge in the future. It would be really wasteful to use bitcoin as currency and spend it on our daily expenses.

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March 18, 2023, 09:58:16 AM
 #58

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?

Bitcoin is currency.
I mean bitcoin is money.
Anyone that has money can call it their property.
Anyone that has money can call it their treasure because they treasure it.
So, there is no contradiction anywhere. The most important thing is to own bitcoin, you can call it whatever you want thereafter.

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March 19, 2023, 06:23:22 AM
 #59

Good Day medium, there is something I will want us to be aware of since bitcoin is a life-changing investment some people are taking it as property, I say this because I overhear someone making a call and saying he has 2BTC and that's is his property.
Now that bitcoin is more valuable in most countries, that shouldn't be a property it should be an investment, those who see bitcoin as property should learn more or read more about bitcoin and how it works.
To me, bitcoin is an investment and also a treasure, I don't know if am wrong or right.
But if someone may ask you, what do you call BITCOIN?
You have it wrong OP, it is not an investment. Satoshi Nakamoto developed it to be a payment option... not an investment option. Go read the White Paper on Bitcoin and see what Satoshi calls it.

Like "cash" or fiat currencies... people can trade with it (Forex markets) but it is primarily supposed to be a currency. Anything you own.. can be your property... so it does not have to be a house or a piece of land.  Tongue
I would say "asset" is the best word. Dollar could be an asset, stocks could be assets, gold, oil, wheat, house, building, car, anything could be an asset as long as you are investing into it and have a reason for putting in money and how you plan to make a profit from it. At the same time, I believe that you shouldn't really invest into cars of course, not a viable option in many nations but at the end of the day crypto is an asset just like all the others.

It means that you could invest, and use it if you want to, but if you plan on buying and making a profit from it then you are doing the right thing and you should be profiting from it as well.

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March 19, 2023, 06:58:57 AM
 #60

what do you call BITCOIN?
Bitcoin is the future, the future of money. Whatever perception you have about bitcoin is due to the use case that you engage in. If bitcoin provides you an opportunity to invest, bitcoin will be viewed by you as an investment opportunity but it does not still change the original purpose which it was created for which is;
to be a payment option...

You can invest in bitcoins now because of the volatility that has created room to make profit from buying bitcoins, but if that is the only perception you have about it, When in the future bitcoin prices are no longer as volatile as they use to be, you may become discouraged holding bitcoins in general because what you know it for is no longer as it used to be.

As you invest in bitcoins, still try to engage other uses and functions. To achieve Satoshi's dream and prove that his innovation is successful, use bitcoins also for some transactions when you can.

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