Is Bitcoin an asset?

[PrivacyG]

Bitcoin is not an asset, Bitcoin is money and the definition of money is a currency (ie. a medium of exchange) that can be used as store of value.

But this is a contradictory statement.  Money is an asset and if Bitcoin is Money and can also be used to store value, it fits right into the description of an asset.

In the very beginning of economy classes, assets are explained to be tangible or intangible.  Bitcoin is an intangible asset.  It even fits the definition given by IFRS.  Genuine question out of curiosity, can you explain why you believe it is ignorant to call Bitcoin an asset?

[nakamura12]

Bitcoin is not an asset, Bitcoin is money and the definition of money is a currency (ie. a medium of exchange) that can be used as store of value.

But this is a contradictory statement.  Money is an asset and if Bitcoin is Money and can also be used to store value, it fits right into the description of an asset.

In the very beginning of economy classes, assets are explained to be tangible or intangible.  Bitcoin is an intangible asset.  It even fits the definition given by IFRS.  Genuine question out of curiosity, can you explain why you believe it is ignorant to call Bitcoin an asset?

I am wondering why other people say that bitcoin is not an asset or what's their reasons for saying bitcoin is not an asset. I am one of those people who say that bitcoin is an asset since bitcoin does have value because if bitcoin is not an asset then bitcoin shouldn't have any value at all and as stated above that bitcoin is money therefore it is an asset and also bitcoin can be converted to cash. According to the search result, an asset is a resource with a value that can be changed to cash which is very much the same as bitcoin.

[CryptSafe]

I thought we had past the era of newbies advising other newbies on Bitcoin. You need to improve your writing if you want people to be able to read your posts. Using spacing where appropriate will make your posts readable and appealing to the eyes. I suggest you read this thread: Bitcointalk posting etiquette

I have noticed this a lot and sometimes I become curious about the identity behind but sometimes as well I feel some of the newbie accounts are a bit knowledgeable about Bitcoin. Maybe they have had no knowledge about this platform for a long time but upon getting to know about this platform as newbies, they begin to say things they know about Bitcoin forgetting they are newbies and people would barely listen to them as their account is showing newbies as their rank.

[ThemePen]

For investing in bitcoin you should understand what it is and how it works. If you are new to bitcoin you should learn basics means how to invest in it and you should have knowledge how market works and how it operates. Bitcoin is different from other types of investments so you need to pay close attention to details and understand what makes it unique. While bitcoin can be safe and profitable way to invest your money it is very important to be careful and knowledgeable about it so you do not make mistakes and can get most out of it.

[Kelward]

Overtime Bitcoin has proven that it is a store of value because it has the potentials to rally in price and always hit ATH. This is what makes it an asset and that is why the adoption is increasing and more people are holding it for the long term because of it's profitability. Bitcoin was basically created for p2p transactions but clearly many people hodl it for profit purposes, therefore there is no doubt about it being an asset. Newbies needs to however understand it's circles so that they will not panic when it's value starts to dip, it is a volatile asset therefore pump and dump should be expected. It's unique factor is that during bull run it always reaches ATH, unlike shitcoins that doesn't have the potentials to rally and reach ATH.

[Justbillywitt]

Funny thing is newbies whose experience yet to be proven giving advises. I think they thought that they might get some mertis from acting like a mentor sort.

If I were them I will dig more and interact on more interesting topic than simply lecturing some newbies about it. Of course newbies might find it odd too. Right?

Definitely some newbies might find it odd, while the smart ones won't even look at the account rank, but focus on the message that the person is trying to send. Especially if the newbie reading the post is not as knowledgeable as the one posting. Well I will say it's all part of the process of newbies gaining experience. A time will come when he will realise on his own, that he shouldn't be advising when he is supposed to be reading and learning from more experienced members. I can remember fully well that I did something similar when I was a newbie. But it got to a time when I realised that, I should be doing more of reading and learning rather than teaching. So I believe what the op is doing, is part of gaining experience in the forum as well.

[Sebas.tian]

For investing in bitcoin you should understand what it is and how it works. If you are new to bitcoin you should learn basics means how to invest in it and you should have knowledge how market works and how it operates. Bitcoin is different from other types of investments so you need to pay close attention to details and understand what makes it unique. While bitcoin can be safe and profitable way to invest your money it is very important to be careful and knowledgeable about it so you do not make mistakes and can get most out of it.

Having the knowledge of Bitcoin before investing, it Will give you confident in your holding, because you will be able to differential between the bearish season which is a season of holding while bullish season is a season of trading to make income from Bitcoin. Beginners always feel it will not be easy for them to grow faster in income making, because they are still spending more time on other investments than Bitcoin investment,  it will be difficult for such investors to grow faster in the community. Whenever you are holding Bitcoin in the bearish season, have it in mind that someday bullish season will appear to allow investors to release their Bitcoin for sale which is the desire of every investor that is holding Bitcoin.

[Lamkuthang]

Having the knowledge of Bitcoin before investing, it Will give you confident in your holding, because you will be able to differential between the bearish season which is a season of holding while bullish season is a season of trading to make income from Bitcoin. Beginners always feel it will not be easy for them to grow faster in income making, because they are still spending more time on other investments than Bitcoin investment,  it will be difficult for such investors to grow faster in the community. Whenever you are holding Bitcoin in the bearish season, have it in mind that someday bullish season will appear to allow investors to release their Bitcoin for sale which is the desire of every investor that is holding Bitcoin.

It makes sense and the entry moment greatly affects our portfolio, but if we have implemented an installment investment pattern, I don't think that's something that makes us always have to wait for low prices. Growing quickly in a community with sufficient ownership is the main thing and capital greatly influences it, although no one knows for sure the increase in the price of new BTC is just predicted to be so much in the next year or the next 5 years.

[pooya87]

Bitcoin is not an asset, Bitcoin is money and the definition of money is a currency (ie. a medium of exchange) that can be used as store of value. This means because Bitcoin is acting as a store of value and also because it is in its early stages of adoption, its value keeps growing against fiat making it a suitable investment.

Calling Bitcoin an asset is like ignoring everything else that it offers which are far more useful.

Well I quite disagree with you on this, bitcoin is an asset, there are so many characteristics of bitcoin that makes it to be classified as an asset, just like the one u made mention, store of value, this among the characteristics of bitcoin that makes it to be considered as an asset, this property of bitcoin to be able to store value for a long time is what makes it an asset or we can also to be financially asset or an intangible asset.

That's pretty much the definition of money. The problem is that in conversation what we call money is not money at all, like "fiat". It is currency. Currency is a medium of exchange that is not a store of value. But money is a currency that is also store of value. Which is exactly what bitcoin is. So unlike currency, money can be an asset as well. But it is not only an asset, being money makes it also an asset...

[knowngunman]

Though,bitcoin is the safest and coolest form of investment which i can confidently commends anybody without looking back because i know what that person will stand to gain in the end.

Like others have said already, make use of spacing and punctuation appropriately in your write up next time to aid readers and of course, for easier comprehension. I understand no one is actually perfect and English is not our first language but we should try our possible best whenever we are the midst of mix community since it's the most understandable form of communication. By the way, bitcoin is not the safest form of investment as you portray it in your post. In fact, it's one of the riskiest form of investment due to its high volatility. Again, this is not the right time for you to start advising or recommending for anyone, it's the right time for you to get yourself on track learning one thing or another. You can start by improving your vocabulary through the use of modern softwares like "Grammerly" even without a physical tutor. You literally can not be teaching when you need to be taught.

[AprilioMP]

Before you venture into a crypto space and even thinking of investing in a bitcoin,you should ask yourself first whether bitcoin is an asset or not,we all know that asset is what adding value or appreciating with time.If eventually bitcoin is an asset how do i go about the investment aspects of it.As a newbie or beginner in the bitcoin forum these are the things you should know,because bitcoin is an electronic form of investment so as such need to know all the rudiments on how it is been operates,I have made to understand that it is important to have little knowledge about the bitcoin market system and its operation,cause if you fail to observe this principle there’s a tendency that you will not last long and you’ll not make it in your investment as far as bitcoin is concern.

For easy and fast transactions without having to wait for days and work in transacting. A peer to peer electronic cash system, that is Bitcoin.
Speaking of value, Bitcoin also combines and separates value in transactions. If many people understand Bitcoin only as an investment asset that can generate profits, it is because the price of Bitcoin has continued to change since it was first created until now. As a beginner, you don't look like that. The dot with the next letter needs a space in writing.

[Igalomelo]

Before you venture into a crypto space and even thinking of investing in a bitcoin,you should ask yourself first whether bitcoin is an asset or not,we all know that asset is what adding value or appreciating with time.If eventually bitcoin is an asset how do i go about the investment aspects of it.As a newbie or beginner in the bitcoin forum these are the things you should know,because bitcoin is an electronic form of investment so as such need to know all the rudiments on how it is been operates,I have made to understand that it is important to have little knowledge about the bitcoin market system and its operation,cause if you fail to observe this principle there’s a tendency that you will not last long and you’ll not make it in your investment as far as bitcoin is concern.Bitcoin investment is quite different from any other investment you can think of,so as such you need to pay attention to details before investing.Though,bitcoin is the safest and coolest form of investment which i can confidently commends anybody without looking back because i know what that person will stand to gain in the end.

maybe not. For me in crypto I didn't to be called assets. because cannot predict if market crash like yesterday.

[Finestream]

Bitcoin remains an asset because it can be traded at a high exchange rate, and is even more growing in value. One can only be called an asset if it’s used to produce positive economic value, and since bitcoin can be traded and converted into high amount of fiat, hence it’s certainly considered as an asset. If people are seeing it as a highly valuable and profitable source of investment, no doubt it’s an asset that is gradually increasing its value and demand to the people, especially to its investors.

[doomloop]

Overtime Bitcoin has proven that it is a store of value because it has the potentials to rally in price and always hit ATH. This is what makes it an asset and that is why the adoption is increasing and more people are holding it for the long term because of it's profitability. Bitcoin was basically created for p2p transactions but clearly many people hodl it for profit purposes, therefore there is no doubt about it being an asset. Newbies needs to however understand it's circles so that they will not panic when it's value starts to dip, it is a volatile asset therefore pump and dump should be expected. It's unique factor is that during bull run it always reaches ATH, unlike shitcoins that doesn't have the potentials to rally and reach ATH.

Bitcoin is both an asset and a currency because we can use it both ways. We can use it to store our wealth, so it's a store of value, which is a characteristic of an asset, and it can also be used to make P2P transfers, which makes it a form of currency that is digital. We don't need to argue about its identity and what it should be called because it's both.

If we base our opinions on the purpose of its creation, then of course, it was created as a currency that can be used to make peer-to-peer transactions in a decentralized manner; however, over time, people saw that it grows in value, and that was because it had a limited supply, so from that point, people started using it as an asset to store value and earn profit by buying, holding, and then selling it for a higher price in the future.

The point is, Bitcoin is both.

[PrivacyG]

I am wondering why other people say that bitcoin is not an asset or what's their reasons for saying bitcoin is not an asset. I am one of those people who say that bitcoin is an asset since bitcoin does have value because if bitcoin is not an asset then bitcoin shouldn't have any value at all

It sounds like an asset, it looks like one and it even fits the description properly.  It is definitely one.  I agree that Bitcoin is not JUST an asset.  It has a lot of excellent characteristics.  But so does Gold.  Yet you never hear people explaining what Gold is in three paragraphs.  It is value.  Or metal.  Or precious, an asset or 'real money' as a lot of people call it.

[Awaklara]

Yeah bitcoin is an asset that gained weight and higher reputation in the crypto market.
Bitcoin is a very good asset to invest in,bitcoin price raise rapidly in the crypto market,so for that reason I we advice you to make bitcoin your best asset in the crypto market.

I don't know why I don't like the use of the word "rise quickly", because there is a tendency for people to think that owning Bitcoin assets can be a quick way to make a profit.

Bitcoin will be more recommended for those who have patience and knowledge regarding market developments. those who want profits in a short time may not see how Bitcoin actually grows over time.

you may see some people showing off their portfolio of Bitcoin asset holdings. but you may not know how long they have been building and planning their Bitcoin investment.

[nakamura12]

It sounds like an asset, it looks like one and it even fits the description properly.  It is definitely one.  I agree that Bitcoin is not JUST an asset.  It has a lot of excellent characteristics.  But so does Gold.  Yet you never hear people explaining what Gold is in three paragraphs.  It is value.  Or metal.  Or precious, an asset or 'real money' as a lot of people call it.

Definitely. It really fits the description and yet some people still have different opinion about it so we really can't help it because after all, it is their belief that bitcoin is not an asset while others think of it as an asset or many things or in your own words that it is not JUST an asset. Due to bitcoin fit the description is that many people compare it to gold which we see many threads about it.

[Asuspawer09]

Before you venture into a crypto space and even thinking of investing in a bitcoin,you should ask yourself first whether bitcoin is an asset or not,we all know that asset is what adding value or appreciating with time.If eventually bitcoin is an asset how do i go about the investment aspects of it.As a newbie or beginner in the bitcoin forum these are the things you should know,because bitcoin is an electronic form of investment so as such need to know all the rudiments on how it is been operates,I have made to understand that it is important to have little knowledge about the bitcoin market system and its operation,cause if you fail to observe this principle there’s a tendency that you will not last long and you’ll not make it in your investment as far as bitcoin is concern.Bitcoin investment is quite different from any other investment you can think of,so as such you need to pay attention to details before investing.Though,bitcoin is the safest and coolest form of investment which i can confidently commends anybody without looking back because i know what that person will stand to gain in the end.

At first, when I was just starting in cryptocurrency I dont really think Bitcoin as an asset and the way I understand it is, it is just a digital gold or digital currency something like that but not really as an asset but overtime I kinda realized what Bitcoin really is and why it is even better than other investment, to the point where you could invest on it and profit on it more than the real tangible assets in the market right now. Probably that is the only thing that make it different from other assets since its not a tangible assets its more like a digital asset. Kinda similar to stock but stock is back up by real company assets compared to Bitcoin where the market price is just depending on the supply and demand in the market.

At the moment Bitcoin and cryptocurrency are already considered as an asset and already similar to stocks, we already see a lot of countries already recognize crypto and Bitcoin to the point that they are already planning on making cryptocurrency reserved as an investment, so that's already proven the point that Bitcoin is an asset, still cryptocurrency and Bitcoin is a risky investment and asset compared to other, so its already better to diversify your investment and assets, so that you could easily minimize your investment risk. Personally, I'm gonna be willing to sell some of my cryptocurrency just to buy something like real estate or a house, land, etc. just because it's a tangible asset and it's a much safer investment. But I wouldn't sell all of my cryptocurrency just to exchange it for other assets.

[Orpichukwu]

Bitcoin is often considered an asset because it appreciates over time. To invest, study market trends, understand risks, and start small while learning. Knowledge is key to success.

Bitcoin is whatever you want it to be; you can either describe it as a store of value, an asset, a currency or whatever else you want to address it as, as long as that title addresses the reason you own it and what you use it for. That's all that matters. In the general public, what Bitcoin has been described as is numerous and far beyond just being an asset which is said to be for its usefulness to be profit generation.

[terrific]

If I was a newbie, it's not even going inside my head whether it is an asset class or not. Because what most of the newbies want to know is if Bitcoin is profitable.
There is no other thing that will make them curious because it doesn't matter for most newbies.
The only thing that matters is if their money is going to multiply and it's not going to lose upon investing in Bitcoin.
That does makes sense right? For once and for all, that's the only thing that matters and if they made a profit, when they can take it out.