Bitcoin is treated a stock | Bitcointalksearch.org

susila_bai

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Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

Bitcoin is treated as a stock is a wrong pronounce it should be stated as bitcoin is treated as commodity as gold, because you can do trading and even now its value is above the gold price and it is very good for investing purpose also as in long term you can expect any amount of percentage of appreciation.

megynacuna

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Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

Yes Bitcoin has characteristics of both currency and a commodity on the stockb exchange and so it's no news that it's being treated as a stock. I believe the future if money is to possess both traits of a currency and a commodity and this is the direction Bitcoin is spearheading.

xskl0

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Bitcoin SV is Bitcoin

Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

Bitcoin can be used as both, currency or store of value.

Gotottack

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Quote from: doomistake on March 08, 2017, 10:13:47 AM

Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

I don't think that "Stock" is the right term to use in bitcoin, yes, we are storing it on our bitcoin wallet, but it doesn't mean that it is a stock. It can only be called a "stock" if you are not even using it in any ways, but if you are using it in different transactions, then it can't be called a stock at all. Those people who have invested all of their money in bitcoin and not using it because they are waiting for the right time 'till bitcoin reached it highest peak that it could ever reach, then I guess that is when the term "stock" is going to be appropriate to use.

And it is always being compared to gold by many people here, some of them maybe just can't accept that they have invested their money on gold instead on bitcoins, that is why they are debating about this, if what is better between the two, though, we all know bitcoin is much better than gold.

Stock means you have a share over the properties of a particular corporation. Hence, it is not a stock at all! There is no corporation to speak about and there is no properties bitcoins represent. It is just plainly a "digital number" which we just actually give some value to. Without users giving value to bitcoins it is actually nothing. Most jurisdictions that defined bitcoin considered it as a commodity more than anything else.

doomistake

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Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

I don't think that "Stock" is the right term to use in bitcoin, yes, we are storing it on our bitcoin wallet, but it doesn't mean that it is a stock. It can only be called a "stock" if you are not even using it in any ways, but if you are using it in different transactions, then it can't be called a stock at all. Those people who have invested all of their money in bitcoin and not using it because they are waiting for the right time 'till bitcoin reached it highest peak that it could ever reach, then I guess that is when the term "stock" is going to be appropriate to use.

And it is always being compared to gold by many people here, some of them maybe just can't accept that they have invested their money on gold instead on bitcoins, that is why they are debating about this, if what is better between the two, though, we all know bitcoin is much better than gold.

thend1949

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Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

Bitcoin is currency to be use in the future. Why? Because many people treat this like money too, so for me they will use it in future. They use bitcoin like a stock because they saw that many people use bitcoin like a stock.

szpalata

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Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

Yes Bitcoin has semblance of currency and a commodity, the last time I checked it was listed by the Commodities Futures Trading Commission as a commodity so it's no wonder it's being treated as stock.

mindrust

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If you think that way USD is a stock too. By holding USD you are a shareholder of the United States of America Grin

USD is centralized by FED and FED owns the money, but they give you the right to hold them.

On the other hand bitcoin is decentralized (or so they tell us) and every person has the same right as the amount they own.

It may be an advantage or a disadvantage, depending how you look at it.

Some people would want their stock to has an owner so you will have somebody to complain when they had a problem.
When you had a problem with bitcoin, whom would you complain about it? You are simply fcked. Irreversibly.

deisik

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Quote from: YuginKadoya on March 08, 2017, 06:52:16 AM

Quote from: Capradina on March 08, 2017, 06:33:05 AM

Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

I also think that, because right now it's still very little bitcoin scope of movement. So if we are not utilizing prices bitcoin then, use bitcoin is absolutely useless. Now I also use bitcoin as a place of investment, because using bitcoin can I get huge money only in a matter of days or years. Although bitcoin has the advantage, but we should also be able to use the bitcoin is reasonably. Because if not then it is feared will give bad impact

But do you honestly think that bitcoin is not a currency right now? but if you are thinking about making bitcoin a currency of the future and speaking of it bitcoin will become the only currency available? I think it is a negative and other countries would find this as a no for them I think every country does want their own currency for them to use and for me bitcoin is a currency for the world and I think that is a great currency that anybody can use!

Only a tiny portion of bitcoins is used as a currency

For example, many members of Bitcointalk are participating in signature campaigns (me included), and they are paid with bitcoins. This is how currency should be used (in this case, it is a payment for service provided). But most of these members are then either selling their remuneration for fiat (including speculation at exchanges) or just hoarding the coins away. This is not how currency should be used, and such non-currency use of this coin dominates the Bitcoin landscape. So can we actually consider Bitcoin as a currency if it is not used as a currency, for the most part?

Xester

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Quote from: YuginKadoya on March 08, 2017, 06:52:16 AM

Quote from: Capradina on March 08, 2017, 06:33:05 AM

Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

I also think that, because right now it's still very little bitcoin scope of movement. So if we are not utilizing prices bitcoin then, use bitcoin is absolutely useless. Now I also use bitcoin as a place of investment, because using bitcoin can I get huge money only in a matter of days or years. Although bitcoin has the advantage, but we should also be able to use the bitcoin is reasonably. Because if not then it is feared will give bad impact

But do you honestly think that bitcoin is not a currency right now? but if you are thinking about making bitcoin a currency of the future and speaking of it bitcoin will become the only currency available? I think it is a negative and other countries would find this as a no for them I think every country does want their own currency for them to use and for me bitcoin is a currency for the world and I think that is a great currency that anybody can use!

Though bitcoin is a currency but we cannot deny that it can still be considered as a stock. Bitcoin is both a currency and a stock and the only way for bitcoin to be listed out as a stock is when it will become a fully independent currency. As of this moment bitcoin is relying and being backed up by the fiat currencies and it cannot stand alone and that is the main reason people are treating it as a stock.

YuginKadoya

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Quote from: Capradina on March 08, 2017, 06:33:05 AM

Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

I also think that, because right now it's still very little bitcoin scope of movement. So if we are not utilizing prices bitcoin then, use bitcoin is absolutely useless. Now I also use bitcoin as a place of investment, because using bitcoin can I get huge money only in a matter of days or years. Although bitcoin has the advantage, but we should also be able to use the bitcoin is reasonably. Because if not then it is feared will give bad impact

But do you honestly think that bitcoin is not a currency right now? but if you are thinking about making bitcoin a currency of the future and speaking of it bitcoin will become the only currency available? I think it is a negative and other countries would find this as a no for them I think every country does want their own currency for them to use and for me bitcoin is a currency for the world and I think that is a great currency that anybody can use!

Capradina

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Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

I also think that, because right now it's still very little bitcoin scope of movement. So if we are not utilizing prices bitcoin then, use bitcoin is absolutely useless. Now I also use bitcoin as a place of investment, because using bitcoin can I get huge money only in a matter of days or years. Although bitcoin has the advantage, but we should also be able to use the bitcoin is reasonably. Because if not then it is feared will give bad impact

pinkpanther03

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Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

This topic has been discussed it already I just don't know what section, but let answer and give my opinion. Bitcoin cannot treated as a stock. as far as I know bitcoin and gold are both trade able but bitcoin is differ than gold because it can be use as online payment while gold is not, So meaning in that point bitcoin is treated as stock. This is just in my opinion.

hajimasan

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yes almost near to stock. people are comparing bitcoin with gold and ot valuable stock assets. Its 1 bitcoin which will always be 1 bitcoin but only its value will change and like USD and INR their value also keeps fluctuating so the same is with bitcoin.
Usually most of the less active people in the internet bought the Bitcoin as a stock and hold it for one to two year or more .
All means is that people are using bitcoin like the gold and silver assets which are useful and profitable for long but but luckily Bitcoin proves it's best in comparison with gold and silver .

deisik

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Quote from: squatz1 on March 07, 2017, 03:39:33 PM

Bitcoin at the moment is having a high intensive usage when it comes to people using it for trading on a daily basis in order to make money off of it. I'll have to say it is nice having people interested in our little work of art here, but I'd rather not have less people adopt people based on high volatility because the traders would like to make some good money off this on a daily time-frame.

Personally, I'd rather have less liquidity and a more stable price then a very high amount of liquidity and a crazy volatile price that can allow you to lose all of your money (USD) in bitcoin within an hour

It seems like you are confusing something here

Liquidity is no case synonymous with volatility (you shouldn't misinterpret liquid as volatile here). Liquidity basically stands for trading volume (technically, it is not quite so but still pretty close, i.e. high trading volume typically follows high liquidity), so more liquidity actually contributes to less volatility, not the other way round. If a market is said to have high liquidity, it means that there are many buy orders opened at any price so you could quickly sell your coins (i.e. "liquidate" or close your position)

Quote from: squatz1 on March 07, 2017, 03:39:33 PM

With the amount of trading that occurs, and the amount of more trading that is going to occur with the (maybe?) approval of the ETF it's going to be treated like a stock more and more and there's nothing we can do about others ambitions

That would be quite a surprise if this ETF does get approved after all

Jeremycoin

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Quote from: Kprawn on March 06, 2017, 12:33:03 PM

Quote from: Jeremycoin on March 06, 2017, 12:06:47 PM

Well, in my country (Indonesia) it is indeed treated as a stock. The government doesn't assume it as a currency, because according to our law that the only currency that can be used in our country is IDR (Indonesian Rupiah). But even tho the government treats it like that, I still treat my Bitcoin as a currency and I use it as the way I use the national currency.

How do they TAX Bitcoin in your country? Do you pay VAT on every Bitcoin purchase you make or do you pay extra import duties for the purchase

if it was done in another country? We pay a type of capital gains on the "profit" you made, when you sell it... and you have to declare all your

income when you go past a specific amount. Huh

Nope, as I say before that the government like closing their eyes with this. They don't care about what we are doing with Bitcoin, that's why we don't have to pay any tax. The only tax I have to pay when making a transaction is only for the blockchain or the site that I use.

Cryptopher

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Keep it dense, yeah?

Bitcoin, and other popular cryptocurrencies, are so versatile in what they offer different users.

So many uses cases; the volatility is tantalising for some, and a big turn off for many others. I have yet to make an "everyday" purchase with Bitcoin, I treat it more as a stock option which has been massively frustrating for me of late.

squatz1

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Bitcoin at the moment is having a high intensive usage when it comes to people using it for trading on a daily basis in order to make money off of it. I'll have to say it is nice having people interested in our little work of art here, but I'd rather not have less people adopt people based on high volatility because the traders would like to make some good money off this on a daily time-frame.

Personally, I'd rather have less liquidity and a more stable price then a very high amount of liquidity and a crazy volatile price that can allow you to lose all of your money (USD) in bitcoin within an hour.

Quote from: FiiNALiZE on March 06, 2017, 06:38:08 PM

Bitcoin isn't a stock. It is an asset and if the ETF things gets approved then the wallstreet guys will try to make it a stock. In my opinion, Bitcoin can't be called a stock because the wallstreet people will try to put a different ticker symbol on Bitcoin instead of BTC, so that isn't BTC anymore -it's a whole new thing.
It's kind of like how some people did that XBT from BTC, it just doesn't look the same. Bitcoin is just code.

With the amount of trading that occurs, and the amount of more trading that is going to occur with the (maybe?) approval of the ETF it's going to be treated like a stock more and more and there's nothing we can do about others ambitions.

hisuka

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Others treated bitcoin as a stock because of adoption. Its likely holding and investing that may earn as well. Bitcoin is really treated as online currency were it uses to buy stuffs. Therefore, bitcoin treated as stock and currency that i beleive it has a good future.

sunsilk

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Quote from: Creepings on March 05, 2017, 07:09:39 PM

I thought at first that Bitcoin will be a currency to be used in the future. But from what I am seeing here is that it will be treated as a stock, it is even compared to gold. What do you guys think?

It's not a problem even many of us are holding a lot of bitcoins and treat it as a stock.

But don't forget that it will be used as an online crypto/currency in the future. So there's no need to think about it.

Bitcoin will remain on what it is right now but I'm sure that there will be some developments in the future.

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