Bitcoin Forum
April 19, 2014, 12:47:48 AM *
News: Due to the OpenSSL heartbleed bug, changing your forum password is recommended.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: could bitcoin soon be recognized as a mainstream asset class? implications...  (Read 956 times)
bitlizard
Full Member
***
Offline Offline

Activity: 137



View Profile

Ignore
June 13, 2012, 06:30:13 PM
 #1

What needs to happen in order for bitcoin to be recognized as a legitimate investment option for main stream international consumption? prudent investment advisers would not recommend their clients invest 100% of their retirement savings into bitcoin. However 2-5% of an investment portfolio invested in a new asset class 'p2p currency' seems reasonable. When assessing bitcoin purely from an investment perspective most of us probably agree that it is a high risk / insanely high return investment.

If bitcoin can gain mainstream recognition as a legit asset class for the investment portfolios of working class people and hedge fund managers alike. Then I think international bitcoin remittances could become huge, as btc value in a given region would presumably not be eroded by large quantities of incoming remittances if the local population recognized btc as a legit store of value. Heck they might even start using it as a currency.

-----BEGIN PGP PUBLIC KEY BLOCK-----
Version: OpenPGP.js v.1.20130820
Comment: http://openpgpjs.org

xo0EUhf9FQED/0sL3rfa9DYObowd03us1FpzLw5l5FteaeUnArz68lp9HNqP
VXixNNHRW4Zozm+wPcU68D8IdfgKJamLEYuQcrN9Dy35TllW9djSTYz1D5Cl
ITa/88kYXUurCG5vzoYujXEBggCz/+VsHhwsDC1U+PFUAmrWyii9UEmu2Nwm
aNBZABEBAAHNIlJlZ2FuIE1pbG5lIDxyZWdhbm1pbG5lQGdtYWlsLmNvbT7C
nAQQAQgAEAUCUhf9FwkQ6+hDAft7/iQAADjEA/sFZG4B3SfwsoEzXHa9Rq/A
QabkxwnDR4BIm0zq2YfAuk08yZA0lbvaYE8mlPt3Xb2NmlErC3g/ymfktx2m
NrhP6BRXmPP/b4E+EPSbKBeLI/+eCP6BwPLEpZYQrHxg0eHLwYNQTK5f6SxK
7vcxO/OaBmcvo9ZAHDKkP3HJiqRZyw==
=feLE
-----END PGP PUBLIC KEY BLOCK-----
1397868468
Hero Member
*
Offline Offline

Posts: 1397868468

View Profile Personal Message (Offline)

Ignore
1397868468
Reply with quote  #2

1397868468
Report to moderator
GAWMiners.com - FREE Hosting & Electricity for 1 Year!
Exclusive Offer Code: GAWHOST1
Mining Made Easy
For Everyone

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1397868468
Hero Member
*
Offline Offline

Posts: 1397868468

View Profile Personal Message (Offline)

Ignore
1397868468
Reply with quote  #2

1397868468
Report to moderator
1397868468
Hero Member
*
Offline Offline

Posts: 1397868468

View Profile Personal Message (Offline)

Ignore
1397868468
Reply with quote  #2

1397868468
Report to moderator
1397868468
Hero Member
*
Offline Offline

Posts: 1397868468

View Profile Personal Message (Offline)

Ignore
1397868468
Reply with quote  #2

1397868468
Report to moderator
hazek
Moderator
Hero Member
*
Offline Offline

Activity: 980



View Profile

Ignore
June 13, 2012, 06:52:41 PM
 #2

IMO: Ensured future convertibility. That's all that's missing, a 100% escrowed trustworthy futures market, where people can hedge their positions.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
acoindr
Hero Member
*****
Offline Offline

Activity: 784


View Profile

Ignore
June 13, 2012, 07:04:23 PM
 #3

could bitcoin soon be recognized as a mainstream asset class?

I doubt it. Unless the investment advisors are under age 27.

What needs to happen in order for bitcoin to be recognized as a legitimate investment option for main stream international consumption?

It needs two things. Understanding, and proven track record. The track record is being established, but the understanding will come too late for it to be considered by the mainstream.

prudent investment advisers would not recommend their clients invest 100% of their retirement savings into bitcoin.

I don't think any bitcoiners would either. Personally I'd highly recommend having some silver and gold too.

However 2-5% of an investment portfolio invested in a new asset class 'p2p currency' seems reasonable.

It would to us, but it would be a forward thinking investment advisor indeed that would also feel that way.

When assessing bitcoin purely from an investment perspective most of us probably agree that it is a high risk / insanely high return investment.

I agree about the insanely high return part, but I view the risk as moderate to high with it favoring the moderate side more with every passing day.

If bitcoin can gain mainstream recognition as a legit asset class for the investment portfolios of working class people and hedge fund managers alike.

That won't happen.

Then I think international bitcoin remittances could become a huge, as btc value in a given region would presumably not be eroded by large quantities of incoming remittances if the local population recognized btc as a legit store of value.

No value wouldn't erode, it would increase.

Heck they might even start using it as a currency.

People will do that, but it won't be because bitcoin is adopted by the mainstream from people beginning to "get it". It will be because it will be one of the de facto replacements for fiat currency in the not too distant future.
Elwar
Hero Member
*****
Offline Offline

Activity: 1036


www.bitpools.com


View Profile WWW

Ignore
June 13, 2012, 07:04:39 PM
 #4

A 5 year track record would help.

Seeking Beta testers. PM me for more information.
bitlizard
Full Member
***
Offline Offline

Activity: 137



View Profile

Ignore
June 13, 2012, 07:35:37 PM
 #5

A 5 year track record would help.

will be there soon

-----BEGIN PGP PUBLIC KEY BLOCK-----
Version: OpenPGP.js v.1.20130820
Comment: http://openpgpjs.org

xo0EUhf9FQED/0sL3rfa9DYObowd03us1FpzLw5l5FteaeUnArz68lp9HNqP
VXixNNHRW4Zozm+wPcU68D8IdfgKJamLEYuQcrN9Dy35TllW9djSTYz1D5Cl
ITa/88kYXUurCG5vzoYujXEBggCz/+VsHhwsDC1U+PFUAmrWyii9UEmu2Nwm
aNBZABEBAAHNIlJlZ2FuIE1pbG5lIDxyZWdhbm1pbG5lQGdtYWlsLmNvbT7C
nAQQAQgAEAUCUhf9FwkQ6+hDAft7/iQAADjEA/sFZG4B3SfwsoEzXHa9Rq/A
QabkxwnDR4BIm0zq2YfAuk08yZA0lbvaYE8mlPt3Xb2NmlErC3g/ymfktx2m
NrhP6BRXmPP/b4E+EPSbKBeLI/+eCP6BwPLEpZYQrHxg0eHLwYNQTK5f6SxK
7vcxO/OaBmcvo9ZAHDKkP3HJiqRZyw==
=feLE
-----END PGP PUBLIC KEY BLOCK-----
DieJohnny
Full Member
***
Offline Offline

Activity: 154


View Profile

Ignore
December 19, 2013, 10:13:16 PM
 #6

IMO: Ensured future convertibility. That's all that's missing, a 100% escrowed trustworthy futures market, where people can hedge their positions.

I searched on Asset class and hit this post, I am in total agreement with hazek.

I think BTC is already a NEW asset class, however, its value is being held back by the exchanges and government meddling (dwolla, china...). I think we would already be at $10k if transfer in and out of cash were easier.

I think in no way will BTC ever need to replace good old printed cash. Regardless of the recent price wobbling, BTC will become the ultimate safe haven. The world will convert to BTC the moment they get paid and convert back when they need to pay their bills, if their debtor accepts BTC then fine, but not necessary if it is liquid.

BTC has already become the world's hedge against hyper inflation and the coming devaluation of local currency. For the sake of the people on the planet, governments need to empower BTC liquidity rather than stand in the way.




 
black_swan
Jr. Member
*
Offline Offline

Activity: 42


View Profile

Ignore
December 19, 2013, 10:20:58 PM
 #7

I mostly agree with the above post but no government will accept any type of asset unless they have certain powers on it (traceability, taxation, etc.).
It's completely insane and delusional to think the opposite.

pening
Full Member
***
Offline Offline

Activity: 199



View Profile

Ignore
December 19, 2013, 10:39:48 PM
 #8

Reliable, working exchanges are needed.  Asset come and go all the time, you dont need track record to attract investors that are looking for high risk/return vehicles.  But they do need convenient methods to deposit money and withdraw the investment.  This requires exchanges with working bank accounts. Current bitcoin exchanges are not really going to make the grade.
DieJohnny
Full Member
***
Offline Offline

Activity: 154


View Profile

Ignore
December 20, 2013, 12:19:54 AM
 #9

I mostly agree with the above post but no government will accept any type of asset unless they have certain powers on it (traceability, taxation, etc.).
It's completely insane and delusional to think the opposite.

Well while i agree that governments want control, if you truly think more control over bitcoin is prerequisite to its complete adoption, then I think bitcoin as it currently works is doomed.

Thes notion that bitcoin is not really anonymous (blockchain permanent record, yada yada) and can accommodate govt desires for regulation to me is a fiction.

As long as I can print a piece of paper and with only an electronic wallet turn it into $100,000, then it will always be an asset impossible to regulate. This is how Bitcoin is so much different than cash. It is very very difficult to negotiate in 100k with cash, it is why moving trucks of cash around is a risky business.

How easy is it to make it through security with a Bitcoin private key? Everyone around you would be clueless that you had a million in bitcoin tattooed to your ass.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!