Topic: Do you think Bitcoin is a security, a currency or a commodity? - page 5. (Read 1064 times)
October 01, 2018, 11:56:33 PM
I think it said that now Bitcoin is a Currency and I have to use in my future asset.trade,invest most likely do that improve more profit with the bitcoin.at the moment if you have to use your Bitcoin for the trading asset then definitely you will get more profit with the short time.
October 01, 2018, 11:46:42 PM
It is just a sepculative asset to me. I've seen few altcoins that make the payment transaction better than bitcoin and we really just need to let it sink in to our minds. Some of them are completely feeless which is also perfect for microtransactions that is good for normal consumers who goes to the market everyday.
October 01, 2018, 10:42:42 PM
Indeed it is an endless discussion. Either as a currency or commodity, the fact is, there are many peoples using bitcoin for various thing.
It means bitcoin is not only a currency, but a trade-able currency or an asset as well. If you can use bitcoin for trading like commodity to gain profit, why not?
It means bitcoin is not only a currency, but a trade-able currency or an asset as well. If you can use bitcoin for trading like commodity to gain profit, why not?
It's a currency that can be use as an asset as well that's why it's a good investment but then it would prevent the merchants as well to fully accept it because of the volatility wherein when they do not exchange it immediately, there is a risk that they would lose when the price goes down since the main currency that they are still using is fiat. When the time comes that they would be exclusively using cryptocurrency then there would be no risk of losing anymore.
October 01, 2018, 10:35:46 PM
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?
Indeed it is an endless discussion. Either as a currency or commodity, the fact is, there are many peoples using bitcoin for various thing.
It means bitcoin is not only a currency, but a trade-able currency or an asset as well. If you can use bitcoin for trading like commodity to gain profit, why not?
October 01, 2018, 03:56:45 AM
bitcoin this e-currency is the same money as we used to face in everyday life the currency provided by security is created for simplicity by the user
October 01, 2018, 02:29:52 AM
My answer is certainly in the bitcoin whitepaper or the purpose of satoshi nakamoto in making bitcoin, in fact bitcoin was created as a digital currency and the words contained currency not commodities.
People have known bitcoin as a currency not a commodity
Bitcoin is a digital currency that is projected as a means of payment globally by eliminating the role of third parties. When Bitcoin was first released and traded in 2009, the value was only $ 0.1 / 1 BTC. But now the bitcoin price reaches 6611USD in September 2018. Even in December 217 it almost reached 20,000 USD. People have known bitcoin as a currency not a commodity
October 01, 2018, 02:03:58 AM
Yes, Historically if you check the price of Bitcoin from 2011 till 2017. The price of Bitcoin has always reached its all time high every year in November. I have no idea why it happens?.
You can read this article. It does gives you the reason why the price went up and then analyze yourself.
https://en.wikipedia.org/wiki/History_of_bitcoin
You can read this article. It does gives you the reason why the price went up and then analyze yourself.
https://en.wikipedia.org/wiki/History_of_bitcoin
October 01, 2018, 01:43:02 AM
I think Bitcoin can not be considered as a currency nor security. It should be considered as a commodity.
Why commodity?
Bitcoin is smilar to Gold, which is also considered as a commodity. You buy Bitcoin because of its value in Fiat. You then can sell it for Fiat, depending on your requirement. Like Gold the Fiat value of Bitcoin is always changing, it is not stagnent.
In simple word Bitcoin can be bought and sold like Gold.
Why commodity?
Bitcoin is smilar to Gold, which is also considered as a commodity. You buy Bitcoin because of its value in Fiat. You then can sell it for Fiat, depending on your requirement. Like Gold the Fiat value of Bitcoin is always changing, it is not stagnent.
In simple word Bitcoin can be bought and sold like Gold.
October 01, 2018, 01:11:11 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?
Its all of these things you mentioned! What do you think it is?
-Its a currency as it could be traded and exchanged.
-It is a security ,same way as the stock is.
-Bitcoin is a commodity as it could be exchanged with other cryptos using atomic swaps.
October 01, 2018, 12:51:01 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?
Its all of these things you mentioned! What do you think it is?
-Its a currency as it could be traded and exchanged.
-It is a security ,same way as the stock is.
-Bitcoin is a commodity as it could be exchanged with other cryptos using atomic swaps.
October 01, 2018, 12:34:22 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?
For me, bitcoin is a currency, but you can use the currency for trading in the market like trading forex.
The different thing is, cryptocurrency value is volatile and can causing much profit or loss when you trade it.
September 30, 2018, 04:22:48 PM
I think that Bitcoin cryptocurrensy is a really secured asset. Nobody can falcificate it or steal.
September 30, 2018, 03:03:56 PM
i think it's endless discussion, who believes that its secure , he is investing and making money.
September 30, 2018, 01:58:06 PM
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?
It's not exactly clear what you mean. The fact that it is a currency is obvious since you can buy anything for this thing. As for security, the question is not yet fully understood: on the one hand, it is safe, since bitcoin is a completely anonymous system, but on the other hand, there were many cases when hackers broke into exchanges and stole millions of dollars. So as far as it is safe, everyone decides for himself. What do you think it is?
September 30, 2018, 01:49:14 PM
BTC functions as both currency and commodity, I believe. If that is even possible? 
September 30, 2018, 01:44:27 PM
I think that nowadays for most of us bitcoin is just a way that we could put our savings and wait some time for income that could come but in future there are lots of chances that it will turn to be a currency for most of us.
In my opinion Bitcoin can be regarded as a currency and an investment commodity at the same time because people are using it to buy products and services and others just buy and hold it over a long period of time so that the value increases and they then cash out. 
September 30, 2018, 01:34:55 PM
I think there wont be a clearly answer for this question. It depends on your purpose. So, I think the best feature for Bitcoin is a kind of currency
September 30, 2018, 12:52:56 PM
Bitcoin is a virtual currency that changes the way people think about currencies. It does not have the disadvantages of flat money. It was born to serve the needs of trading in a modern environment. Bitcoin's current difficulty is that it is not widely used around the world.
I agree.The goal of bitcoin is to become a main currency but it cannot be realized today knowing the government is not yet open in legalizing it.With this present time,bitcoin is more on an investment that gives us security for a brighter future ahead only if it will be properly managed. September 30, 2018, 12:22:19 PM
in the world bitcoin be used for buy clothes, rolex, iphone... so i think it's security
September 30, 2018, 12:16:49 PM
To me i believe bitcoin is a currency which can be used to pay for goods and services duo it not yet legalized by government as a local currency but it functional online, secondly bitcoin can also be classified as an asset because today we can all see that may people now buy bitcoin not just for payment purpose but for future storing. so with this can say bitcoin be a currency or an asset
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