Bitcoin is a coin and bitcoin has a bright future. Bitcoin can be called a currency. Bitcoin can also be called a commodity for everyone.
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Topic: Do you think Bitcoin is a security, a currency or a commodity? (Read 1128 times)
November 03, 2018, 02:00:18 AM
I think bitcoin is a currency that has security. You can convert to any currency you need and at the same time it is safe to transfer or withdraw.
November 03, 2018, 09:29:36 AM
Prior to fiat currencies, the dominant currency was often the most useful, and therefore the most universally desirable, and therefore the most universally accepted commodity. There is zero need to decide whether Bitcoin is a currency, commodity, or store of value. It's clearly all of these.
Governments and regulators will no-doubt decide otherwise -- I'm simply speaking technical truth.
Governments and regulators will no-doubt decide otherwise -- I'm simply speaking technical truth.
November 03, 2018, 09:13:40 AM
I think a bitcoin is a currency but cannot be used due to the exchange rate difference in daily life. nowadays it is used more as an invesment and transaction tool
November 03, 2018, 09:12:09 AM
Bitcoin is a currency. It has all the characteristics of a currency, the most basic being that it is used to pay for something. Commodities are not used that way.In my view the value of bitcoin is based on its ability to do easy and highly secure money transfers and payments, particularly across borders.On top of that, speculators predict its monetary value by estimating its use in the future, in a couple of years, and they seem to come up with a factor of 50, meaning that 50 times as many bitcoins are currently hoarded by investors in the expectation that their use as money will increase 50-fold.
It is possible that part of this figure of 50 is caused not just by expected future use as money, but by governments driving people into bitcoin by debasing their own currencies. It is debatable whether that is something different from expected future use or the same.
It is possible that part of this figure of 50 is caused not just by expected future use as money, but by governments driving people into bitcoin by debasing their own currencies. It is debatable whether that is something different from expected future use or the same.
November 03, 2018, 08:54:52 AM
Bitcoin is a currency that is use for financial transactions online unlike the paper traditional currency that is use offline . most shopping centers now accept bitcoin as mode of payment in their online shops, what differentiate bitcoin from paper currency we see today is that the formal cannot not be touch or feel and non destroyeable and there are proof of transactions that can not be erase unlike the paper currency that human can erase any time they want .hence i will conclude here that bitcoin is a currency
November 03, 2018, 08:49:44 AM
It has purchasing power and can act as an equivalent when buying other goods. By these features BTC is currency.
November 03, 2018, 08:34:23 AM
I agree with the view that bitcoins cannot be assigned to just one label of product, security or currency. It is a combination of all three. The unique bitcoin is that it is so different and so profitable from all sides.
November 03, 2018, 07:51:04 AM
In my opinion, many people today use it as a means of storing value rather than currency, as it is a relatively secure storage medium a it is not affected by other factor such as inflation
November 03, 2018, 07:43:49 AM
I don't know in what sense did you mean that Bitcoin is security. Security like additional income to regular income or security in sense of secure blockchain technology and network.
Anyway, I don't think that Bitcoin can be defined uniquely because it has so many different characteristics that could be combined depending on use and purpose.
From my point of view Bitcoin is currency, asset and commodity all in one.
Anyway, I don't think that Bitcoin can be defined uniquely because it has so many different characteristics that could be combined depending on use and purpose.
From my point of view Bitcoin is currency, asset and commodity all in one.
November 03, 2018, 07:34:23 AM
I believe that bitcoin consists of a few of these three things. This is a universal coin, in my opinion
November 03, 2018, 06:45:25 AM
I think it is an asset/commodity like gold. Also a currency like gold but not a security at all. There is not a single thing shows that bitcoin is a security.
November 03, 2018, 06:43:23 AM
I like to think it as an instrument for financial transaction across the border, quite easily, fast and with fewer fees. You can term it as a commodity as well, but as there is no physical form of it like Gold, the demand for it remains dependent on the use of the coin/currency.
If the usage as currency comes to a stop, I believe there will be a great fall in value. Holding it also increases price somehow, but as it's a currency, holding along with usage will and does makes a positive effect.
If the usage as currency comes to a stop, I believe there will be a great fall in value. Holding it also increases price somehow, but as it's a currency, holding along with usage will and does makes a positive effect.
November 03, 2018, 06:34:36 AM
Bitcoin was initially created to be used as a digital currency but now it is currently being used as a commodity and this has been increased.
The awareness of several people to the use of bitcoin is to generate income for themselves.
The awareness of several people to the use of bitcoin is to generate income for themselves.
November 03, 2018, 04:29:04 AM
Bitcoin is a coin and bitcoin has a bright future. Bitcoin can be called a currency. Bitcoin can also be called a commodity for everyone.
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Bitcoin is preferred by its users because of its security and unmanaged nature.
How can you control the offense? With me. Bitcoin is really good. But to be applied and recognized by governments, it must be controlled.
When its value changes continuously and has a very large amplitude. Do you think you have a BTC when you own and the price is $ 6500 but when the sale has just shot up to $ 9000. Then how disappointment will be. Hence it is only considered speculative in the short term. Also called goods? I do not think it will become public goods.
So what do you think? Let me know your opinion on this and about my thoughts
November 03, 2018, 04:00:40 AM
The endless debate... Do you think Bitcoin is a security, a currency or a commodity? We came up with a few reasons why it could easily classify in any of those categories: https://cryptocoin.news/analysis/is-bitcoin-a-security-a-currency-or-a-commodity-2-18643/
What do you think it is?
What do you think it is?
Well, I think it depends upon the user if he will perceive it as a security, currency or as a commodity. Upon reading the news article you have attached, it states that most Bitcoin enthusiast, perceived Bitcoin in terms of security which I do understand why that makes me think I belong to that perspective but upon reading the article Bitcoin as a currency which is a perception of SEC, I found it reasonable that indeed we treat it as a currency which is obviously why we call it as a crypto currency right? The last is commodity which is also right, so no matter what you perceive Bitcoin is right. No wrong perception because all depends on how you see and treat it and it must not be a case of debate for a long term since we have made it to have a different registry that is basically based on how different groups of people sees it and categorized it.
November 03, 2018, 03:49:57 AM
Commodity
For people who invest and wait for the prices to go up
Currency
For people who use bitcoin to buy services and stuffs online
Security
For people who would like to keep their currency safe.. they use bitcoin
As uou can see it depends on how people use it and what point of view they see in 'bitcoin'
For people who invest and wait for the prices to go up
Currency
For people who use bitcoin to buy services and stuffs online
Security
For people who would like to keep their currency safe.. they use bitcoin
As uou can see it depends on how people use it and what point of view they see in 'bitcoin'
November 03, 2018, 03:30:11 AM
The endless debate... Do you think Bitcoin is a security, a currency or a commodity? We came up with a few reasons why it could easily classify in any of those categories: https://cryptocoin.news/analysis/is-bitcoin-a-security-a-currency-or-a-commodity-2-18643/
What do you think it is?
What do you think it is?
I think bitcoin is a currency, but can be traded like commodities in the market exchanges.
Just like USD, a fiat currency, but peoples can use it for trading in forex market too.
For now, bitcoin market volume is not a good as stock market volume. Once bitcoin become global currency, it will have more volume i believe.
Yes it can be and all we know that bitcoin is made to be a currency but with the current state of how people use bitcoin, it might can't happen. Since the price is growing drastically, we perceive bitcoin as an asset and we less to spend it since we're hoping that sooner the price will grow more.
Perhaps I don't think it's a commodity when it comes in economic terms. Otherwise it's greater than asset than to be a currency, and that's the deal.
November 03, 2018, 02:00:48 AM
The endless debate... Do you think Bitcoin is a security, a currency or a commodity? We came up with a few reasons why it could easily classify in any of those categories: https://cryptocoin.news/analysis/is-bitcoin-a-security-a-currency-or-a-commodity-2-18643/
What do you think it is?
What do you think it is?
I think bitcoin is a currency, but it have not used globally yet. And bitcoin is not a security because holding it not make you earn any passive income.
But if you a holder of bitcoin, then you may consider bitcoin is an investment to hold for long term. Short term holding will not bring a good profit.
November 03, 2018, 01:46:49 AM
Bitcoin, as we already knew, is a method of payment or transfer of value that is independent of governmental authorities like central banks that traditionally control money supply and the availability of currency in the global market. I think bitcoin can be use as a currency, a commodity and an asset that rolled into one. Some commodities and even some manufactured products have served as currency like gold and silver. Gold and silver have been used as medium of exchange or currency in the past thousand years.
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