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Author Topic: Bitcoin is a treasure.  (Read 587 times)
Gallar
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March 22, 2023, 02:30:09 AM
 #81

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 indeed an asset, a statement like that is not wrong.
in my opinion bitcoin has a very broad meaning. because if it is interpreted as an asset yes it is indeed an asset, then if it is interpreted as property?

Quote
Property refers to something that is usually known as an entity in relation to the ownership of a person or group of people over an exclusive right. The main forms of this property include real property, personal property, and intellectual property.
Wikipedia source

what I caught bitcoin can also be interpreted as property, because the bitcoin that we own or that belongs to anyone, it is their absolute right of ownership and it is their personal wealth.

in essence bitcoin can be interpreted as an asset or property.

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jokers10
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March 22, 2023, 09:24:26 AM
 #82

First off, bitcoin is NOT an investment, inherently.  I have tried explaining this I can't say how many times over the years.  Satoshi created bitcoin as a digital asset, something to replace and aging and dying banking system.  Bitcoin IS absolutely "property".  Why isn't it is my answer to you.  If you have a handful of $100 dollar bills, would you not consider that to be your property? It's the same principle here.

Well, okay. We have several hundred bucks notes, why shouldn't we consider them as an investment if we have no plans of immediate spending? Even if something is fiat money it can be an investment asset as well. Bitcoin is money, bitcoin is a financial system and for some bitcoin can easily be an investment asset also. If you can crack nuts with a microscope then that microscope becomes a nutcracker even if it is not the most rational idea of its usage.

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Flydolphine
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March 22, 2023, 10:05:07 AM
 #83

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?

Simply put; Bitcoin is an asset similar to a property.it digitally represents your ownership of a value or right to something.bitcoin is a digital asset and your asset is your property.
tjtonmoy
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March 22, 2023, 11:28:44 AM
 #84

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.
I think what he meant by 'own property' is that he owns it and no one has control over it. It's his personal property. And keeping them securely should make it personal property for sure. I am not sure what he meant by that, but let's say that he meant property as in compare to land or house property. That is considered as an investment too. Because you are investing in something to gain profit in the future. And what I can say is, Bitcoin is someone's personal asset. They can call it whatever they like. It will not change the value, or it's ability. It will still remain as Bitcoin.
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March 22, 2023, 02:07:20 PM
 #85

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?
If you can call something your treasure doesn't that make it your property? If you own your Bitcoin in your wallet that's non-custodial, doesn't that make you the rightful owner? You are mixing things up OP.

Early Bitcoin investors that hold Bitcoin since 2012 can easily say that their Bitcoin is their property, a property that doesn't depreciate in time, I don't see anything bad about calling Bitcoin a property, it's mine, I own the private key, that makes it my property.

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