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

[rybako]

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.

You should not ignore the technology aspect. Crypto is popular mainly because of the technology offered by blockchain.

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[TheGreatPython]

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.

Well, the primary purpose of Bitcoin was not to become an investment asset, Satoshi created Bitcoin so that it can be used as a decentralized payment method to make peer-to-peer transactions much cheaper than traditional ways and also having decentralization so that your activities are not being watched by central authorities of where you live.

It has now become an asset as well only because it has got significant success and the price rose too high, so people saw potential in it to earn profits by investing every now and then and that is how it has also become an investment asset.

[Twentyonepaylots]

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.

Well, the primary purpose of Bitcoin was not to become an investment asset, Satoshi created Bitcoin so that it can be used as a decentralized payment method to make peer-to-peer transactions much cheaper than traditional ways and also having decentralization so that your activities are not being watched by central authorities of where you live.

It has now become an asset as well only because it has got significant success and the price rose too high, so people saw potential in it to earn profits by investing every now and then and that is how it has also become an investment asset.

Indeed, people are always adapting to what is currently happening, so the thing with bitcoin is that it is not fully utilized as a payment for now, so people are really seeing it as an investment rather than as a way of paying goods or services. It is undeniable that there is really a potential in investing in bitcoin specifically so we cannot blame those who took advantage of this. I think taking it as an asset is okay since you are taking advantage of making it as a potential way to earn profit passively when you decide to hold it. Just always know that it is still a risk to invest on this so just invest what you can afford to lose and take good decisions in your investment so you can really earn more or earn at least something from it.

[Kakmakr]

The people that are telling you that are most probably just speculators. They bought Bitcoin, because they heard that there are profit to be made... so they were pulled to it like flies to shit. 

Bitcoin are like any other currency... you can trade currencies like a commodity and you can use it as a currency. (Forex trading) So do not be fooled by idiots that are just here for the "greed" .... a lot of people like myself ..use Bitcoin to buy food and to pay for goods and services. (You just need to find someone that will accept it as a payment option) 

[ilovealtcoins]

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.

You should not be surprised or disappointed, although bitcoin has not been used as intended by the Satoshi who created it, it has been and is making great benefits for us. We don't need to care too much about what bitcoin is for but care about its benefits, whether it's a currency, it's an asset, as long as it benefits us, that's a remarkable thing. Don't be too rigid when things don't go according to theory or what we know.

[Kelvinid]

Bitcoin has been introduced as another form of currency (digital currency) but it seems to know that it never works that fast and attractive because people are really doubted if it works and have no knowledge about this. But fortunately, it has to find out that it works and gains more attention when people make use of this as an investment- buy, sell, and earn money.
of course, we can say that the majority are considering this as an asset but this time when many establishments are accepting this as a form of payment, it actually changes the insights that is not impossible to consider Bitcoin as currency.

[Solokan]

with the presence of bitcoin on this earth, of course I feel happy because the presence of btc has provided many benefits, of course, for people who have successfully invested in btc.

In my opinion, BTC is a good investment asset, because its fluctuating price provides many opportunities to earn profits for those who are interested in investing in BTC and know the science of investing in BTC.

btc can also be used as a digital currency
and now what I know is that many people have started buying and selling transactions of goods such as selling clothes and so on and payments can use bitcoin,
so i think btc is running normally and good.

[Minecache]

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.

Well, the primary purpose of Bitcoin was not to become an investment asset, Satoshi created Bitcoin so that it can be used as a decentralized payment method to make peer-to-peer transactions much cheaper than traditional ways and also having decentralization so that your activities are not being watched by central authorities of where you live.

It has now become an asset as well only because it has got significant success and the price rose too high, so people saw potential in it to earn profits by investing every now and then and that is how it has also become an investment asset.

Yes, bitcoin is being used improperly for the original purpose of Satoshi when creating it. But it can be seen that when it acts as an investment, it has benefited us a lot, and many other people have changed their lives thanks to bitcoin. So what's wrong with bitcoin being in our favor? If bitcoin had not become an investment and used only as a currency, and it would not have achieved the success it is today, not creating much value for society. Is it still good? I think it doesn't matter how bitcoin is used, what matters is how useful it is to us. Whether it's investment assets or currencies, it's all true.

[serjent05]

The people that are telling you that are most probably just speculators. They bought Bitcoin, because they heard that there are profit to be made... so they were pulled to it like flies to shit. 

Bitcoin are like any other currency... you can trade currencies like a commodity and you can use it as a currency. (Forex trading) So do not be fooled by idiots that are just here for the "greed" .... a lot of people like myself ..use Bitcoin to buy food and to pay for goods and services. (You just need to find someone that will accept it as a payment option) 

Same here, I also use Bitcoin as a currency, I use it to pay bills and items I ordered online. Though just like anything that has value, I also look at it as an asset, investing in it and holding part of the Bitcoin I bought or earned while spending and trading the other part.  I think that features of Bitcoin should not go to waste instead we should take advantage of it and enjoy the benefits Bitcoin tech has offered.

[crypticj]

Same here, I also use Bitcoin as a currency, I use it to pay bills and items I ordered online. Though just like anything that has value, I also look at it as an asset, investing in it and holding part of the Bitcoin I bought or earned while spending and trading the other part.  I think that features of Bitcoin should not go to waste instead we should take advantage of it and enjoy the benefits Bitcoin tech has offered.

This is very cool! I like to see people who use Bitcoin how it should be used. Everyone is starting to forget why it was created and everyone already sees it as an asset.
But the problem is, right now bitcoin is not the best currency to use. Unfortunately, as I said earlier, bitcoin is more volatile than USD and EUR so for people it's better to use fiat to pay for everyday stuff because with it you are not risking losing 2-3% of your savings in 1 hour.
How do you deal with it? Do you hold some of your money in bitcoin in order to buy something or you hold all your savings in it?

[The Cryptovator]

It's truly remarkable to think that Satoshi never anticipated the incredible heights Bitcoin would reach, particularly in terms of its price. Satoshi's original intention was to establish a decentralized system for borderless transactions, free from the control of intermediaries. However, Bitcoin has evolved far beyond those initial goals. Today, we predominantly view Bitcoin as an investment asset. Nevertheless, this shift isn't necessarily negative, as Bitcoin continues to fulfill its intended purpose. The cryptocurrency has gained immense popularity thanks to its volatility, and its limited supply ensures that stability is no longer a feasible expectation.

[jaberwock]

Bitcoin has been introduced as another form of currency (digital currency) but it seems to know that it never works that fast and attractive because people are really doubted if it works and have no knowledge about this. But fortunately, it has to find out that it works and gains more attention when people make use of this as an investment- buy, sell, and earn money.
of course, we can say that the majority are considering this as an asset but this time when many establishments are accepting this as a form of payment, it actually changes the insights that is not impossible to consider Bitcoin as currency.

I think at the start the people who doubted it had no idea how it worked that's why. You can't just share information and how it works in a single day, so of course it took a while and now there are a lot more people who are supporting it and I think there are a lot of people who love it as well. I understand that some people are doubting it even today, but we can agree that there are a lot less people who doubt it and that is why it is important to remember that it is not going to be that much clear.

I believe that we can't really have a ton of people in the future who will doubt it, we just won't and it is going to be a lot more people who understand the benefits of it and they will all be able to focus on what they can do and how much they can improve.

[Mauser]

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.

As long as there is value in crypto currencies they are assets and not only technology. The technology behind cryptos is what lead to them become assets in the first place. One Bitcoin is limited in supply and you know exactly how much you own in your wallet and that there can't be millions more discovered overnight, that is why it's an asset. People are willing to pay fiat money for it as they see the long term value behind it. Everything that can be traded freely on an exchange by millions of people can be affected by a hype, which shouldn’t be a big concerned for the long term investor. We all know that crypto currencies like most other assets move in cycles, which also means that a hype is not going to be permanent and will eventually be reverted. The best thing we as investors can do is not focus on the short term price swings and stick to the long term positive trend.

[mindrust]

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.

Bitcoin goes flat, people hate it. Bitcoin become volatile, people hate it. Some people will complain no matter what. Bitcoin don't care. The network will work tomorrow just like it did yesterday. That's the most important thing that matters. You may get rich from bitcoin. Some people lost a great deal of money too. We don't usually hear about them.

You don't necessarily have to choose the investment play (otr the tech) over the other. You can always do both.

Lots of businesses accept bitcoin as a form of payment and some of them don't even hold any crypto. They immediately dump their coins for the USD. Can you say these people aren't using crypto or not benefiting from it?

[LogitechMouse]

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.

Some people see Bitcoin as a currency, and we are all ok about it.
Some people see Bitcoin as an asset, and we are all ok about it.
Some people see Bitcoin as a scam coin, and we are all ok about it.
Some people see Bitcoin as a new technology, and we are ok about it.

I guess people are ok in whatever the way Bitcoin be treated with. People look Bitcoin as an asset, and we are all ok with it, and in fact there are some like me who see it as both an asset, and a currency. People treat it as an asset that's why people are gaining from it, and at the same time, they treat as a currency that's why we're seeing more and more establishments accepting Bitcoin as another mode of payment.

[cydrix]

A growing number of people are interested in investing in Bitcoin, a virtual currency. I believe that Bitcoin is an asset that will continue to be valuable in the future. Because Bitcoin has a promising future, investors use it as an asset. In the modern world, many people possess virtual currencies, and most institutions maintain money in their vaults. Since Bitcoin will become an asset, I believe it is preferable to invest in it than to keep it in the bank. Additionally, investing in Bitcoin gives people much more independence than doing so with banks. Therefore, in my opinion, Bitcoin is similar to an asset and will eventually reflect life.

[irhact]

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.

Bitcoin been treated as an asset isn't bad, Bitcoin has helped lots of individual ti get financial freedom and only assets can do that as they give you a good return of investment when you invest in them just as Bitcoin is doing. Bitcoin is also a technology and it's growing steadily on that areasl as well but it's just that Bitcoin been an assets is what is making it popular.

When people invest in Bitcoin, they can learn other things that bitcoin can be used for example, having an anonymous transaction without been traced. We have other benefits like having a faster and heaper transaction but the high transaction fees is now a problem.

[Faisal2202]

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,

Dear Op, i think you have taken the wrong idea about the BTC origin. Because back in 2008 there was a financial crisis all over the world and people who have stored their money in valuable assets at that time has lost there value and inflation was high. Why? All of that happens because the centralized authorities were unable to fulfill their promises and ** up.

i don't know if you are a Millennial or Gen-Z, but you must read about BTC origin so that you have the right idea about BTC and why it was made.

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?

Yes, BTC was there to give people both Financial freedom and freedom from the Banking crisis so that next time when things go south, it can be dealt with BTC. Currently, there is a situation that has created a fud that another banking crisis is going to come, and many of the top-ranking banks have been bankrupted which has caused other regional banks to bankrupt. The US is facing many issues like the Debt ceiling, and the inflation of the US dollar. despite of these, there is still a fear of a banking crisis which will again make people's assets value-less. That's why many of the BTC enthusiasts and financial figures have adopted BTC and accumulated it to store their money. You might have heard that Validus Power corp has declared BTC as n hard assets -->[NEWS] Bitcoin Provides Insurance Against Fiat Currency Failure

which indicates that taking BTC only as technology is not worth it but getting financial freedom by earning from it is worth more. Many Gen-Z has managed to become a millionaire in there early age. Why? That does not matter why the thing that matters is BTC has provided a way for poor ones to become rich a second chance so that they can also grow and keep up their pace according to the high prices. So overall, BTC is an asset and considering it one is not a bad idea.

[Ricardo11]

Bitcoin is an asset. I wouldn't consider it bad at all. Because Bitcoin is a trusted, convenient and profitable cryptocurrency. Bitcoin has now become the best asset in the highest demand for everyone. Bitcoin price has become the highest valued coin in the entire crypto currency world. This proves how worthy Bitcoin is. Since Bitcoin has a peer-to-peer system, every Bitcoiner is the true owner of their Bitcoin. Their wealth will remain with them. Money will be received by the person you want to send money to very safely and quickly without the need of any third party. All Bitcoin processing takes place in a highly secure manner. As a result, there is no possibility of fraud in Bitcoin. And for these reasons Bitcoin is an asset. I would never consider it a bad thing.

[crypticj]

Some people see Bitcoin as a currency, and we are all ok about it.
Some people see Bitcoin as an asset, and we are all ok about it.
Some people see Bitcoin as a scam coin, and we are all ok about it.
Some people see Bitcoin as a new technology, and we are ok about it.

But how our community sees bitcoins' future then?

If it's an asset, it can't become the currency that will be used by many people.
If it's a currency, then why do we okay with everyone trading it like crazy causing these fluctuations?

I understand that everyone is using Bitcoin how they want to, I'm okay with that, but what is the idea of Bitcoin right now?
Is it a way to get rich quickly or is it a technology to break free from the government?

From what I see, people see and treat it like the asses while government trying to find a way to take away bitcoins features from us with all these KYC and regulations.

It looks like we want to kill two birds with one stone and I don't think it's gonna work.