Bitcoin is an asset.

[Gallar]

you are very brave in determining your investment steps, by selling the property you own, even selling land, have you thought about the risks that will occur?

but it's your decision, what you do must have been calculated, but you have to remember that bitcoin is a digital asset, and you invest in it, you definitely know about the positives and negatives of investing.

I suggest not to be too complacent in investing, until you sell all the properties you own,
this is just a suggestion guys

[hZti]

Bitcoin is not an asset, if you state that the I advice you to read the whitepaper and see what Bitcoin was created for. Many people use Bitcoin as an asset because they are greedy and selfish. Those people will never help Bitcoin in any way, since a currency relies on being widely used.

[landheer]

indeed we often hear that bitcoin is the asset of the future, but some like it and some don't.
and indeed investing in bitcoin is very risky and lots of people experience losses from investing in bitcoin.

but in my personal opinion bitcoin is a future asset which of course has good potential for the future.
that's why in this world there are so many people who invest in bitcoin to be passed on to their children, and what makes them dare to invest in bitcoin is because they have analyzed and predicted that investing in bitcoin has great potential for the future.

I think if in your area, rarely know about bitcoin, I think the decision you made to spread bitcoin is a positive thing.
and you can also ask your friends or family to join this forum with the aim that they get lessons about bitcoin.

[dr.hopkins]

I agree that spreading awareness about Bitcoin is important, especially in areas where there is low knowledge about it. The more people know about it, the more they can make informed decisions about whether or not to invest in it.

[slashz9]

because you haven't seen the benefits yet, your father definitely won't like it, but if you are sure about bitcoin you can buy it first, then show it later, indeed sometimes we have to show the results first so that other people believe.

[Wildwest]

I believe the decision you are making now is very right because although the risk is very big because you sell property assets to invest in Bitcoin, for those who already understand about Bitcoin then what you are doing now is very supportive because the benefits you will get later can buy more properties that you sell at this time, And only people who don't understand Bitcoin think that you made the wrong decision, and I as a crypto user really support you especially you are also very kind to share knowledge with people around you today.

[Smack That Ace]

Even if you do not know much about Bitcoin and trading generally, just be sure that you learn how to read the peaks and bottoms of the asset.

Then invest when it's always at the lower levels to maximize your profits.

If it were me, I would never invest or spend money on something I don't understand well. What if you only know how to spend money to buy bitcoin without too much knowledge as well as its volatility history? I bet when you are a newbie who doesn't know anything about the volatility of bitcoin, you will also panic and even dump when bitcoin plummets.

Investing a lot or investing early can't bring you profit if you don't have knowledge. Knowledge is the only thing that will help you limit your losses and help you make a profit in this market. In investing, do not rush, be fully equipped with knowledge before investing.

[redsun114]

I don't doubt your guts about Bitcoin and your understanding that it is a very important asset and could also be a very good investment opportunity for those who are able to invest in it, but I also believe that you could also get profit out of the land that you had and there would be no risk in that while investment in Bitcoin or any cryptocurrency carries risks along with gains that it could provide.

It's a good thing that you feel you should educate your parents and others around you about Bitcoin because Bitcoin so far has proven to be a very successful asset and a great innovation for this era, and I believe you should understand all the risks and everything involved yourself too since you are determined to have your money invested for a long-term.

[Rengga Jati]

It's recently i know about Bitcoin and since i have noticed the important and kind of asset Bitcoin is , i have embrace Bitcoin to the fullest after making research of Bitcoin, a property was shared for me and i decided to sell half of the property to invest in Bitcoin, i have sold the property and i have decided to take the risk to invest for long term for Bitcoin after i notice that Bitcoin is an asset. The deal of investing my property money in Bitcoin has been done already.

This is really a brave and risky decision. But, once you have made the decision, you have made yourself involved seriously. And I think that you will be very serious about Bitcoin investment. No need to panic every time the prices go down. Or even never panic with many FUDs. But I know the problem is how you are going to tell and ensure your family about it. Because, selling property to buy Bitcoin in which not visible will involve many cons, morover if our family still doesn't understand about Bitcoin investment.

[Captain Corporate]

Considering how much I have been involved in bitcoin for so many years, I have to say its basically half of my life. And I do not mean that any lightly neither, considering 1/3 of my life is sleeping, that means 8 hours per day, and the other 12 hours is spent in bitcoin world. So that leaves me with just 1/6, or basically 4 hours of my life to myself. Think about it, I spend 3 times more time on bitcoin everyday than my regular life, anything I do, this is the thing I do most in my entire life. One thing is difficult to handle which is the burn out part, because sometimes I really don't want to work, like lately I have been feeling overwhelmed and need a rest, and can't because I have more debt than I can pay even while working, but in general, when I look at my life, my job is soooo wonderful that there is not a single job in anywhere in the world that you can offer to me today that I would accept, or I would be bad at it (like if you offer me to be new striker for real Madrid, I wouldn't be able to, so I assumed realistic offers) so I am at the best job that I could ever do, and it is in crypto marketing world and it is the most time I spend in anything ever.

[Popkon6]

It's recently i know about Bitcoin and since i have noticed the important and kind of asset Bitcoin is , i have embrace Bitcoin to the fullest after making research of Bitcoin, a property was shared for me and i decided to sell half of the property to invest in Bitcoin, i have sold the property and i have decided to take the risk to invest for long term for Bitcoin after i notice that Bitcoin is an asset. The deal of investing my property money in Bitcoin has been done already.

From what I've experienced with Bitcoin as far as I can tell @OP you're going the wrong way. Because investing in Bitcoins by selling them is nothing but stupid. Since you want to hold for long term then of course you keep investing and trading with small amount of bitcoins. This is how bitcoins will be earned If you want to invest by selling property, you will definitely have a lot of risks that you may face in the future. Bitcoin price will increase in 2024 because Bitcoin halving is indicated around 2024. You can invest bitcoins from your income I think it is better not to sell the property.

[ilovealtcoins]

Bitcoin is not an asset, if you state that the I advice you to read the whitepaper and see what Bitcoin was created for. Many people use Bitcoin as an asset because they are greedy and selfish. Those people will never help Bitcoin in any way, since a currency relies on being widely used.

So what are you investing in bitcoin for? Don't try to be magnanimous to speak ill of others when you yourself are discussing the bitcoin price every day. It is true that bitcoin was created as a peer-to-peer payment method, but it is a multi-tool and more. Everyone has different purposes, as long as they use bitcoin and benefit them, then bitcoin is already a great thing.

[hannahB4]

Bitcoin is no doubt an asset and we have many people on the forum that has benefitted from bitcoin investment. As an example, I can tell you the proceed I got from bitcoin so far will conveniently get me a car and live well for a year

[Merit.s]

Investing in bitcoin is good but you should have purchase it with an amount that you can afford to lose,so that if bitcoin price dumps you will not panic to sell because you are not that concerned about the money. In this situation whereby, you sold some part of your property to invest, if the price dumps very low,it might become a lost. I hope that you have a noncustodial wallet to keep your coins safe because hackers are everywhere on the internet. You took a big risk and life or investment is all about risk taking

[Dr.Bitcoin_Strange]

Investing in bitcoin is good but you should have purchase it with an amount that you can afford to lose,so that if bitcoin price dumps you will not panic to sell

OP has decided to divide the property into two and sell half to invest in bitcoin. Bitcoin is a great investment, and he will not lose money unless he sells when the price is below his cost; if he holds for a long time, he sure will make profits. I believe the OP is already aware of Bitcoin's volatility, and it was prudent of him not to sell all of his property to invest in Bitcoin. That's what some people would have done, and when the market is not in their favour, they look for someone to blame.

[AmoreJaz]

Investing in bitcoin is good but you should have purchase it with an amount that you can afford to lose,so that if bitcoin price dumps you will not panic to sell

OP has decided to divide the property into two and sell half to invest in bitcoin. Bitcoin is a great investment, and he will not lose money unless he sells when the price is below his cost; if he holds for a long time, he sure will make profits. I believe the OP is already aware of Bitcoin's volatility, and it was prudent of him not to sell all of his property to invest in Bitcoin. That's what some people would have done, and when the market is not in their favour, they look for someone to blame.

always best to diversify your portfolio. tangible assets, or digital assets. and as much as possible you have the full control of your assets and not controlled by third party sites.
crypto is still a very volatile asset, so you do need to consider such factor before going big into this market.

[BenCodie]

The only people who consider Bitcoin as an asset are those who believe that the value given to it by markets/speculation is so significant that it should be considered one. In reality, it does not work like an asset. Your car is an asset. You can not instantly transfer your car to someone overseas. Your car can not change hands with 10 people in a matter of 1 day. Similarly, your fiat in the bank is not an asset. It is not something you aim to store for a long period of time without touching it. Yes, it fluctuates with the price of other competing currencies, but does that make it an asset? You make the money in your bank ultimately to spend it on things like assets. Bitcoin is the same. Eventually, you will probably use Bitcoin to pay for your groceries, assets like cars, appliances, etc., give your kids an allowance and so on.

Bitcoin is a currency and its price is only volatile due to market speculation and instability of fiat currency

I know that the point of the OP isn't to start the asset/currency debate. Though I've replied in this way because calling Bitcoin an asset is wrong.

[Cuenta Alternativa]

<...>

If you're going to make an argument like that, you could at least find out what an asset is before you write such a rant.

What Is an Asset? Definition, Types, and Examples

An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit.

The article gives many examples of assets, and one of them is even cash.

Similarly, your fiat in the bank is not an asset.

Yes it is. Despite being a currency, fiat in the bank is also an asset.

Besides, I don't know where you get that being an asset or not has anything to do with the transfer speed of the asset.

Your car is an asset. You can not instantly transfer your car to someone overseas.

There are assets that are more liquid and others that are less liquid, some transfer more easily and others less easily.

[SilverCryptoBullet]

If Bitcoin is an asset, digital asset, will I have to pay tax by having it in my asset portfolio?

I guess I only have to pay tax if I sell it.

Do I pass it to my children or grandchildren as inherited asset?

[Marvell1]

The only people who consider Bitcoin as an asset are those who believe that the value given to it by markets/speculation is so significant that it should be considered one. In reality, it does not work like an asset. Your car is an asset. You can not instantly transfer your car to someone overseas. Your car can not change hands with 10 people in a matter of 1 day. Similarly, your fiat in the bank is not an asset. It is not something you aim to store for a long period of time without touching it. Yes, it fluctuates with the price of other competing currencies, but does that make it an asset? You make the money in your bank ultimately to spend it on things like assets. Bitcoin is the same. Eventually, you will probably use Bitcoin to pay for your groceries, assets like cars, appliances, etc., give your kids an allowance and so on.

Bitcoin is a currency and its price is only volatile due to market speculation and instability of fiat currency

I know that the point of the OP isn't to start the asset/currency debate. Though I've replied in this way because calling Bitcoin an asset is wrong.

In my opinion, bitcoin is an asset, a currency, a safe haven like gold… it all depends on how you use it. When you use it as a payment method, pay bills, or buy goods, it's currency; when you use it for profit, it's an investment; when banks keep failing, and you need an alternative, it's a safe haven. Bitcoin is all you want, Bitcoin is not just a currency or an asset. OP is not wrong to call it an asset, and you are not wrong to consider it a currency either.