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Quote from: Justbillywitt on Today at 09:59:48 AM

There are some properties that are liabilities instead of an asset. When someone has a property that is a liability and the person choose to dispose the property and invest the money in bitcoin, I don't think there is a problem with that. Not really that the person is jobless or don't have any means of steady flow of income. Some people dispose their assets which are seen as liability and use the money for a lump sum buy in bitcoin.

Bitcoin is an asset which needs your holding powers. If you will hold it and wait. So this will give a big surprise. But making it as a source of income this is not a good decision by the way. First make a passive income source which will feed family and then invest in Bitcoin. Means I want to say that if you will be mentally relaxed so you will invest in Bitcoin and can hold for a long time.
It is my point of view other may disagree. I just share my point of view.

An Assets is something that's of a great value and can provide a good benefit in the future, so of course Bitcoin is a very big Assets that everyone would wish to have a good amount but however it should not be seen as an Asset that could easily provide profit on a daily or weekly basis, so you have to be clear on your perspective about seeing Bitcoin as an assets, because just like every other investment, time and patient is the determining factor so before Bitcoin could serve your purpose is only if you are ready to hold for a long time before you could see the potential of Bitcoin unraveling. So perhaps putting your hope and seeing your Bitcoin investment as a source of income is totally a wrong investment planning which could results on making bad decisions at the end.

An asset isn't something that has to produce profit on a daily or weekly basis before it can be considered an asset.
Some assets produce profit in years. An asset is something that has the potential of generating income over time. It is something that when held or owned it can generate liquid whenever you choose to dispose of it. An asset is something that when you spend the initial capital outlay to acquire it, you won't bother spending your money to maintain it. It's generates money for you in the end. I won't see someone who put his hope on bitcoin generating him money on the long term as being wrong. If bitcoin doesn't have the potential of generating profit on the long run then people won't be investing in it. People are investigating in bitcoin because it has the potential of generating profit when hold for a reasonable number of years. Although the profit might not come when you are expecting it, that's why it is a long term investment.

When it comes to the subject of assets in general, assets could be anything of value that has the potential to grow and increase in value over time or generate profit, an asset could be a business, investments, raw materials etc. And one major thing we look at when buying assets is for we to know that it depends on how you handle your assets that It would generate profit, but in the case of bitcoin, you don't really have to do much thinking like business, you just have to hold or buy at lower price to get more bitcoin. Its just like having a land property or even stock. And bitcoin can act as a good store of value cause it is not affected with the inflation happening in fait, if you invest 30$ worth of bitcoin, when you want to withdraw it, whatever value your 30$ had when you invested it would be retained and even better the asset can even worth more at that time, so people investing in bitcoin has the advantage of retaining of value.