Bitcoin IS an asset. Do you think it's bad?

[kotajikikox]

Hello everyone.


Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

Just an asset? what about a currency as its stand by the name?  though many of us threat this as asset yet some are still use this as Currency so why ?
cannot we consider this as Asset at the same thing as currency?

[Stella Mese]

To put it simply, you can invest in bitcoin, but do not put everything in it and still have something for other assets around.

yes, it's true because btc has a fluctuating nature so of course it's very risky so it's true that investing in btc must use idle money, so that means don't use all assets to invest in btc because
of course btc is different from gold.
and I really agree with your words.

[Rupok]

Bitcoin is not considered bad by anyone, Bitcoin is considered bad by those who have no knowledge about Bitcoin.Bitcoin is much less than $1 in the first instance from zero to becoming a high demand asset.Currently Bitcoin plays one of the major platforms in the economy. Bitcoin investment is increasing and those who like Bitcoin consider it as an asset. Although cryptocurrency investment is risky but we never recommend investing all assets.Bitcoin makes transactions easier and faster than fiat.  This is why Bitcoin investing is preferred as a fast-paying currency transaction.

[crypticj]

Just an asset? what about a currency as its stand by the name?  though many of us threat this as asset yet some are still use this as Currency so why ?
cannot we consider this as Asset at the same thing as currency?

Unfortunately, because of bitcoins' unstable price, it won't be accepted as a currency by the majority of people. Yu can say it about gold, but only because it's price doesn't go down or up 10% every week.

[YUriy1991]

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

Naturally and still normal why this happens. If you want to monitor it, it's easy to see that the excessive hype created by the media has always been led to say that cryptocurrency focuses only on financial gain rather than the technology behind it. One more thing that has always been a hindrance is that many countries have not established clear and protracted regulations, so this creates uncertainty for market participants but, What we need to underline together This does not reflect the entire cryptocurrency industry. Many parties also play a role in developing this innovative solution so that it has a positive impact on various sectors of life.

[Agbe]

• satoshi is a Bitcoin unit. Bitcoin Table of Units.
• Don't misuse two words.

Bitcoin is not a technology. It is a product from blockchain technology.

People can use bitcoin differently. Some will use it as an asset. Some will use it as a currency, a payment method. Some will use it as a tool for trading on cryptocurrency market. Some will use it as a mean for their scam.

Thanks you for this. I have not really taking time to find out the different between the Big letter Satoshi and the small letter satoshi. I always use the big letter because the name is proper name (noun). What you done by differentiating these two meaning has helped plenty people. It is now that I remember seeing the short form of satoshi as 21.1 sat/vB. Wow! This is good.

Bitcoin (with a capital B) = the technology, the network
bitcoin (with a small b) = the investment, the currency, the asset, etc

mk4 this capital letter and the lower case B might have confused scholars but thank you very much for making it clear for us to understand. Personally I don't know the differences before, I was just using the two like that. So next time when I am using them, I will use it base on the context needed at the phrase or clause. Noted.

[tygeade]

Everything has its positives and negatives. Bitcoin is no exception, Bitcoin has its pros and cons, but if the pros and cons are compared, I think the positives outweigh the negatives. If we can't use something properly then its results are not supposed to be positive. 

There are many investors in Bitcoin who invest without minimum understanding of the market and when they lose their investment due to lack of minimum understanding of the market they spread these negative news about Bitcoin but if investing with certain rules and understanding of the market. If so, I think it is possible to achieve success from Bitcoin.

I definitely agree with that, bitcoins positives are 10 times bigger than the negatives and that is why I love it so much. People are focusing on the wrong thing way too much and we should be able to reach out to the single most important thing we possibly could, there is absolutely nothing that would be good or bad at the end of the day.

This is why we believe that we can't have anything that would be bad in the end, it has to be something that we could end up with that results in a good thing if we keep holding it and knowing that there is a good chance we could end up with a good situation. I personally believe that the best thing to do would be a good result and I will keep holding for a long time if I can, as long as possible.

[isaac_clarke22]

I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

It can be both, OP. Either way it's not that bad at all anyway, there are people in crypto that are purely for storage of their money without involving 3rd party authority.
Why bother banks and their cards when you can just get a wallet of your favorite then store those shiny Bitcoin that you can buy anyway?

Regarding asset part, let people be on how they treat Bitcoin. It's decentralized anyway so no one will dictate one day that it is purely for earning money nor for storage of money. It's to everyone of their own.

~

This. Nobody cares how Person A uses his/her Bitcoin compared to Person B. Just like not every person that has computer are using it for gaming, some are for production.

[EarnOnVictor]

Bitcoin is an online asset, this is because you have a value for your BTC owning and every online asset fluctuates, that's where investors make their money. Anything called an asset that is stable is not worth purchasing as it might not give you a reasonable ROI when you need it. This shows that the fluctuation and volatility of Bitcoin are a plus to it, it's you that should know how to study it to know the time to buy it cheap and sell it high.

Still, you should know that no one will have total freedom from the bank, not through Bitcoin as the total supply is even short. This can only push the demand higher and increase the price over time and also ease the overbearing principles and nature of banks.

[Venik]

Hello everyone.


Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

Just an asset? what about a currency as its stand by the name?  though many of us threat this as asset yet some are still use this as Currency so why ?
cannot we consider this as Asset at the same thing as currency?

O think for most of us BTC is an asset, not a currency. I wouldn't want to waste my BTC on coffee, clothes, or something like that. I mean, it definitely can be both, it just depends on perspective.

[Ayers]

Some people mind's Bitcoin is an assets as their investment at the future with potential raising to higher price, but don't blame with another side Bitcoin is digital payment currencies will make all transaction easy and faster. Indeed not adopt or legal in many countries but Bitcoin can help us how to make transaction payment faster than fiat and why many companies try to adopt bitcoin as their payment way.

Its not mistake when having mindset about is an assets, many people become bitcoin investor because want to earn much profit at the future as their investment assets. But with Bitcoin can adopt for payment currencies and have many advantage than fiat will give another reason about bitcoin is not an assets only but also bitcoin working well when adopting as payment currencies transaction.

In summary, bitcoin is bitcoin, and whether it becomes an investment or a currency depends on individual needs. There's nothing wrong with me considering it an investment and nothing wrong with you treating it like a currency, it all depends on one's needs. That's an advantage of bitcoin that no other asset class has, why don't we take full advantage of those advantages? We always debate what bitcoin is. I like to use bitcoin as an investment because of its volatility, but if I can't use fiat for payment, then it would be the solution for me.

[Aikidoka]

First of all, I consider Bitcoin as the currency of freedom. It grants me full control over my funds without any reliance on third parties to hold or control my money. With Bitcoin, I have the ability to remain uncontrolled, untracked, and untaxed, at least for now in my country.

~snip~
I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

Regarding your point, I share the same opinion as the people you asked and I don't think Bitcoin will ever be stable. Its price has always been fluctuating and it will probably continue to be so because of the enormous demand for it and the constant buying and selling of Bitcoin in the market. This high volatility is normal and it is likely to remain that way given the high price of Bitcoin.

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks
~snip~

I maintain a neutral stance on this matter. People are entitled to their own perspectives and beliefs about Bitcoin and I do not wish to interfere in between. Some see it as a currency, others see it as a promising investment opportunity and some even consider it a technology that can liberate us from traditional banking systems. I respect people's diverse opinions and choices as long as they do not cause harm to Bitcoin in any way.

[Victorik]

Hello everyone.

Lately, I've been talking with a lot of people on this forum and before that, I really thought that most people here treat Bitcoin as a technology that gives us freedom and represents ideas of satoshi, but I realized that everyone I talked to treat it just like an asset to invest in.

I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

For what it's worth, Bitcoin is first a technology and secondly it is an asset. And as an asset, you don't expect it to be stable, and I don't think it was developed to be stable.

Crypto is a form of stock market, why because there are trading going on every single sec, so it shouldn't be surprising to you.

[yazher]

It's not that bad as long as it's not the only asset you have in your life because you can't always rely on it because the short-term investment of bitcoins does not have a high chance of rising its price for the past years you need to wait for long to always get a decent amount of earnings if you wanted for the price to increase. If you decided to keep it as your asset and wanted to hold it for long, then you are on the right track and that's the best thing you could do before the price will spike once most people will migrate their assets and flock to buy bitcoins.

[Marvell1]

Just an asset? what about a currency as its stand by the name?  though many of us threat this as asset yet some are still use this as Currency so why ?
cannot we consider this as Asset at the same thing as currency?

Unfortunately, because of bitcoins' unstable price, it won't be accepted as a currency by the majority of people. Yu can say it about gold, but only because it's price doesn't go down or up 10% every week.

Admittedly, bitcoin's volatility is one barrier that keeps people from accepting it as a currency, but it's not the only cause. I think the main reason is because the government, they are the biggest barrier, they will never recognize any assets that are not under their control as currency. As long as they realize that, no matter how volatile bitcoin is, people will still use it as a currency.

But you also have to agree with me, it may not be the world currency, but it is the best investment due to its volatility. Tell me, what do you enter this market for? You love technology, do you want to spread bitcoin as a currency or for money and profit?

[bitzizzix]

Just an asset? what about a currency as its stand by the name?  though many of us threat this as asset yet some are still use this as Currency so why ?
cannot we consider this as Asset at the same thing as currency?

Unfortunately, because of bitcoins' unstable price, it won't be accepted as a currency by the majority of people. Yu can say it about gold, but only because it's price doesn't go down or up 10% every week.

Bitcoin officially cannot be used as a currency like fiat, the reason is that the government doesn't want it because it can't control it and it's also unstable and many other reasons. But that doesn't mean we can't use it individually and we can use it individually with anyone and anywhere or if there are stores that use bitcoin transactions. For example, we want to transact with parties abroad, we have to wait for bank working days and hours to be able to make transactions, and if we use digital currency or bitcoin, we can transact anywhere and anytime safely and quickly. And this method has been used by many people for a long time, and I do it too, even though bitcoin is still illegal in the country where I live, I can still make transactions privately.
and bitcoin can also be used as an asset to store value but especially for the long term, and bitcoin can be used both as an asset and as an alternative means of payment transactions and everyone is free to do it wisely.

[Zanab247]

What do you guys think about that?

Bitcoin is an asset which we can use to grow our business and also use to exchange goods and services without using fiat money. You can buy BTC and store for like 1 or 2 years before you can sell to make profits like the way we buy land to wait for the land to appreciate before we can sell to make a good profits at the moment.

Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

It is very okay to treat BTC as an asset, and also treat it like technology because investing on BTC in the community make people to look at you like someone that has future because you just used your money on something that will bring you progress in the future. And we can also treat BTC as a technology we use to eliminate delay in transaction and also make the money safe for future purpose.

[ChiBitCTy]

Hello everyone.

Lately, I've been talking with a lot of people on this forum and before that, I really thought that most people here treat Bitcoin as a technology that gives us freedom and represents ideas of satoshi, but I realized that everyone I talked to treat it just like an asset to invest in.

I don't want to say that it's bad, it's just surprising me. I created a thread where I asked if people think that Bitcoin will become stable enough to become a new currency cos I thought it was the whole idea, but everyone was telling me that it will always fluctuate and it's just a method to earn money.

What do you guys think about that? Do you think it's okay that we as a community treat Bitcoin as an asset and not as a technology that should be used to give people freedom from the banks?

Personally, I think that Bitcoin is a great asset, but it's strange to think that crypto just becomes a new stock market where people follow hype and money, and not technology and progress.

It drives me absolutely insane when people simply see and view bitcoin only as a financial asset, and not the breakthrough technology that is a decentralized currency that solved double spending.

Cypherpunks have been trying to create bitcoin for decades, and now it’s here, and should be utilized as currency as often as possible. The more that bitcoin is used as a currency, the more it legitimizes it as an asset, which gives it a major utility.

Those who don’t see it as such simply don’t understand finance overall and why it’s important. Drives me insane.

[crypticj]

It drives me absolutely insane when people simply see and view bitcoin only as a financial asset, and not the breakthrough technology that is a decentralized currency that solved double spending.

Right??? I have the same feeling. I've been frustrated for the past week because everything I see points to bitcoin being just an asset to people. But we all know that it was created as the technology, not as a way to earn money and trade.

I don't know how we can fix this problem because it is rooted deep in our community. And the case is, even if a person thinks of a bitcoin as an asset, he should realize that in order for bitcoin to evolve and get adopted, it should be money, not an asset.

[xen1oph]

I  get where you're coming from. Bitcoin's dual nature as both a technology and an investment asset can be a bit perplexing at times. But you know what they say, "Money talks." The investment aspect has undeniably attracted a lot of attention and fueled its growth. However, I don't think it's necessarily a bad thing. As Bitcoin continues to gain mainstream adoption, its potential for disrupting traditional financial systems becomes more evident. So, while the investment aspect dominates now, it doesn't mean we've lost sight of the original vision. It's all part of the journey!