Can bitcoin considered to be a security?

mark_salcedo618

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Quote from: bkris on November 06, 2017, 01:49:25 AM

I would like to whether bitcoin is equivalent to any security in terms of investment? If yes. How it could be considered as a security? What are the measures? What are the main drawbacks of a bitcoin?

It is 100% sure safe because whenever you transact. There will be record provided.
You just need to secure your wallet and do not let anyone know your key/password.

spinno

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It can be seen as a security currency. Saving your money in bitcoin, cashless policy, easy transfers and ever ready to deliver.

entebah

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Quote from: Mei1418 on November 09, 2017, 05:23:15 PM

at least bitcoin is safer than real money, because bitcoin is in a digital system that risk less loss, maybe bitcoin is not safe if there is a hacker who picks it up

Security is in you, that's bicoin. you can take care of it then you can also give a chance to the thief to take your bitcoin.
All you have to do is secure the wallet and invest properly and reliably. suppose trade in a large and very secure exchange. it is a way to secure your assets.

lombok

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if I think investing bitcoin is not very secure because bitcoin is not as stable as other real currencies, but bitcoin is an investment place for instant profits, as long as bitcoin keeps increasing ,,,,

cryptohorsee

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No it is not a security and it will never be. Bitcoin has no owner it is decentralized and the people are building whole community around it. I hope the fork will never happen again.

HarryKPeters

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I guess not, not taking the forks in account, bitcoin is an currency like any other. The difference is that Bitcoin serves a multi option purpose, which gives Bitcoin a higher intrinsic value then other currencies. But yet, it's still a currency.

Mrengage

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At least its safe but not 100% because it his still not widely acceptable so anything can happen

Mei1418

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at least bitcoin is safer than real money, because bitcoin is in a digital system that risk less loss, maybe bitcoin is not safe if there is a hacker who picks it up

Juliedarwin

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Quote from: bkris on November 06, 2017, 01:49:25 AM

I would like to whether bitcoin is equivalent to any security in terms of investment? If yes. How it could be considered as a security? What are the measures? What are the main drawbacks of a bitcoin?

The main story to tell is...why you should need to join here if your asking about the security of Bitcoin. For me I'm here in this forum it is because at the first reason why, coz' I don't think twice to get join here. And I know this is not a scammer for me to get worried. Bitcoin is a safe and I consider it as a good investment,.

jekjekman

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Quote from: bkris on November 06, 2017, 01:49:25 AM

I would like to whether bitcoin is equivalent to any security in terms of investment? If yes. How it could be considered as a security? What are the measures? What are the main drawbacks of a bitcoin?

Bitcoin for me is an international digital currency that is serving the whole world for the better good so it acts a money in the internet for a better understanding but sad to say Bitcoin status for some people now are more of an asset more than a currency because it is much more worth it to hold it for a long term that to spend it just like a normal money in the real world.

Everything has its advantage and disadvantage though, Bitcoin is not perfect but it makes the digital world convenient in transacting payments.

Fulmand

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Quote from: bitart on November 09, 2017, 05:00:28 PM

Quote from: bkris on November 06, 2017, 01:49:25 AM

I would like to whether bitcoin is equivalent to any security in terms of investment? If yes. How it could be considered as a security? What are the measures? What are the main drawbacks of a bitcoin?

In the US, they regulate the cryptocurrencies and the ICOs like commodities (or securities), and they are regulated that way. This is why US people are not allowed to take part in ICOs while other people from the rest of the world are able to join ICOs. (and it's not 100% clear that this is good or bad to US people, as in the past, most of the ICOs were scams). So it's not the same regulation in countries, you need to read about it for yourself.

Absolutely bitcoin considered to be a security in sense of financial needs in the family. They are lots of strategy when you discovered the ways of getting profit. The best thing is they are given us unlimited choose to make it income.

jlanzago

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Bitcoin can be considered an asset, even it could be considered as a commodity (such as gold). Security I don't think so (you could do the howey test yourself) because it does not provide you a share on the ecosystem or any company, nor rights.

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Quote from: bkris on November 06, 2017, 01:49:25 AM

I would like to whether bitcoin is equivalent to any security in terms of investment? If yes. How it could be considered as a security? What are the measures? What are the main drawbacks of a bitcoin?

If you are talking about the US, the answer is probably no. The SEC has stated that the DAO constituted a security, but has made no comment about cryptocurrencies. They are classified as property for tax purposes.

bitart

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Quote from: bkris on November 06, 2017, 01:49:25 AM

I would like to whether bitcoin is equivalent to any security in terms of investment? If yes. How it could be considered as a security? What are the measures? What are the main drawbacks of a bitcoin?

In the US, they regulate the cryptocurrencies and the ICOs like commodities (or securities), and they are regulated that way. This is why US people are not allowed to take part in ICOs while other people from the rest of the world are able to join ICOs. (and it's not 100% clear that this is good or bad to US people, as in the past, most of the ICOs were scams). So it's not the same regulation in countries, you need to read about it for yourself.

minersday

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Yes obviously that bitcoin is safe, it is a safe investment and this is why a lot of people are still buying it, if it wont be a safe one, then nobody would be buying it dessesperately.
Just look at the volume, it is increasing everyday and it is because more people are always buying larger amounts of bitcoin everyday.
And it is safe to hold it if you improve your security, but if you use a shitty wallet it is obviously going to be easily hacked.

Abete

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Quote from: bkris on November 06, 2017, 01:49:25 AM

I would like to whether bitcoin is equivalent to any security in terms of investment? If yes. How it could be considered as a security? What are the measures? What are the main drawbacks of a bitcoin?

I think if you give up this question like doubt about Bitcoin. Bitcoin is safe, the action that bitcoin has been praised by all business and economic circles in the world today. The weakness of bitcoin is a doubt in buyers, they think too much risk in bitcoin, but it is very small.

949miner

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If it would be a safe investment, then everybody would be investing like crazy in bitcoins, governments, banks, institutions, and every kind of bussiness that you are able to think about.
There is no safe investment that is sustainable enough, and bitcoin is a risky one, but you all know that those safe investments are not giving a damn return, so it is always much more better to join this kind of investments in order to make a few profits from it.
So no, it is not a secure investment, and you should know that from the beggining.

Fire Rabbit

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Quote from: bkris on November 06, 2017, 01:49:25 AM

I would like to whether bitcoin is equivalent to any security in terms of investment? If yes. How it could be considered as a security? What are the measures? What are the main drawbacks of a bitcoin?

Actually bitcoin was created for easy and smooth transaction. But now you can consider it as a good investment for future. You can see that its price is rising day by day. And I am sure its price is not going to go down. Off course there may be some correction, but definitely it will regain its value because its demand is increasing every day and we all know that if the demand increases, its price will increase. So definitely you can consider bitcoin as a good investment for future.

faceoff97

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Quote from: hubballi on November 06, 2017, 01:57:47 AM

Quote from: bkris on November 06, 2017, 01:49:25 AM

I would like to whether bitcoin is equivalent to any security in terms of investment? If yes. How it could be considered as a security? What are the measures? What are the main drawbacks of a bitcoin?

No investment can give you security and same is with bitcoin because of the price fluctuations you cannot say whether tomorrow your investment will be safe or not. but seeing the current scenario it is good for investment but investment should be on basis of like if tomorrow it goes dead should not affect your financial status.

Bitcoin is volatile, its value changes from time to time and basically unpredictable. I believe that bitcoins security is not yet stabilize, but I dont see that it would easily crash at an instant. Risky but there is possibility to have good return of investment from bitcoin. It was alaways been said that, in investment, you must only invest what you can afford to loss. Bitcoin is just like any other investment, there is no assurance but whats the difference is that bitcoin is established and currently has a high demand.

DannyHamilton

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Quote from: bkris on November 06, 2017, 01:49:25 AM

I would like to whether bitcoin is equivalent to any security in terms of investment? If yes. How it could be considered as a security? What are the measures? What are the main drawbacks of a bitcoin?

That depends on the rules, laws, and regulations of the jurisdiction.

In some jurisdictions the term "security" specifically excludes financial instruments other than equities and fixed income instruments. In some jurisdictions it includes some instruments that are close to equities and fixed income, e.g. equity warrants. In some countries and languages the term "security" is commonly used in day-to-day parlance to mean any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition.

If you need to know for certain, then you should contact a lawyer or accountant that is familiar with the jurisdiction that you are asking about.

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