Do you think Bitcoin is a security, a currency or a commodity? - page 8.

akram143

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Quote from: Dylan Bargeman on September 21, 2018, 11:27:19 AM

In my opinion BITCOIN yes is a currency
If you hear them taking about currency note and digital currency that's how currency and digital has to differentiated by note which is tangible and digital which intangible..in simplicity it is a currency that you can't touch that's why its called digital currency because its untangible
I hope it helps you understand that its not commodity

We definitely accept Bitcoin Asia currency because I am saying this it is also one of the great way to make our economy to the great level in future so the way of earning Bitcoin and using Bitcoin as a normal currency will always be positive for all the people but not now it can definitely shortly get a Assurance from the people in future day.

tegarp90

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Quote from: AlexTF.CCN on August 13, 2018, 02:20:24 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 supposed to be currency but people right now having fun trade it as a comodity.
I think if bitcoin becomes a currency, the price will be stable and it will lose interest

polyballz

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Bitcoin is better to be a commodity. because for now Bitcoin doesn't match other options but can be used like that. This can be used as a currency that can be used as payment whenever possible to use. As a security because it cannot be edited and is a great way to secure investment while being stable.

Roberttran

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The current can be seen bitcoin is almost commodity. Because everyone buys and sells to make a profit for themselves. In the future I hope the price will be stable and bitcoin will become accepted currency especially online payment.

Dylan Bargeman

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In my opinion BITCOIN yes is a currency
If you hear them taking about currency note and digital currency that's how currency and digital has to differentiated by note which is tangible and digital which intangible..in simplicity it is a currency that you can't touch that's why its called digital currency because its untangible
I hope it helps you understand that its not commodity

Kim Addington

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The goal of Bitcoin is to be a currency, i.e. a medium of exchange. A commodity is a real (not virtual) thing that can be exchanged. In earlier times people traded things that scarce but had value. A fur trader hunted fox, rabbits, deer and etc. Then he would trade or sell the furs for the necessities of life. Gold is a commodity. It can, and often has been used as a medium of exchange.
Bitcoin is virtual…it exists only in computers, it does not exist as a physical, real thing.
Bitcoin is not, and cannot be a commodity.

A Feeder

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All of that is characteristics of bitcoin its security because every wallet of users will surely secured and safety if we choose a good quality wallets and have a strong password and currency because it is actually an asset currency because it created as currency and commodity especially to the investors they believe that someday it's value will be great and back to the old price that high and bitcoin can be used and it will help bitcoin to have value and anybody can use it.

pearcy jackson

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I consider bitcoin to be a commodity, because in every commodity it has a non-fixed selling value, depending on market demand. many people use bitcoin just to exchange money without using it for anything else, so I think more precisely bitcoin we consider trading commodities.

r32godzilla

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Bitcoin was created as a currency and it remained as currency earlier but now it's now only a commodity.Its highly bought due to the high ROI it gives.

Odonko

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Bitcoin was initially created to be used as a digital currency but currently it is also being used as a commodity and this has increased the awareness of several people to the use of bitcoin to generate income for themselves.

nina_duschenko

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Quote from: AlexTF.CCN on August 13, 2018, 02:20:24 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?

Bitcoin is a Currency.
Bitcoin is a Security.
Bitcoin is a Commodity.

pearcy jackson

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I consider bitcoin to be a commodity, because in every commodity it has a non-fixed selling value, depending on market demand. many people use bitcoin just to exchange money without using it for anything else, so I think more precisely bitcoin we consider trading commodities.

masterflexy01

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bitcoin is a commodity used in commerce. bitcoin is similar to gold and are items that have stimulated international commerce for years. historically, commodities have played an instrumental role in trade and it exhibits many of the common attributes of traditional commodities. i simply believe bitcoin is a great commodity

dothebeats

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Personally, i treat bitcoin as a commodity given that it rarely achieves the tasks of a currency and seldom used as a security given its volatility. Moreso, people seem to appreciate bitcoin as something they can freely trade back and forth, hence the commodity aspect of the coin. However, at the end of the day, the end-user decides what will he/she treat his/her coins, though certain parameters would be given by his/her own government about cryptocurrency and that's for sure.

franky1

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seems too many people are too ill experienced of classifications.

im laughing at all those saying "commodity". they hav no clue

anything can be a currency. even cigarettes in prison are a currency. it does not matter if only 1000 around the world use it every 10 minutes or millions. it will still be a currency if only 3 people use it a day.
so bitcoin IS a currency.

below that are classifications of it (subcategories)
bitcoin falls into the asset class

ranman09

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It's better to be a commodity.

Bitcoin doesn't fit other options but can be used as it. It can be used as a currency can be used as payment whenever it is possible to use. As a security as it is not editable and is a great way to secure investments once stable.

nsasuiteb

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I thinl bitcoin is a currency but used like commodity, a store of value. Bitcoin cash is better as a currency to me but it is bcash

solarion

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Bitcoin is the currency cum commodity which gives security for your investment. So this all thing comes together only with the name and product sake bitcoin. If you want to invest on crypto currencies this is the right time to make your first or ideal investment bro.

Please do not give damn to any fake news you are seeing about crypto currencies on news site and channel. Ignore everything and make the investment accordingly.

Fundalini

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Bitcoin is neither of those three... I mean yeah, its a great innovation but it is still an on-going experiment. As a currency, it is not faring well since most people tend to hold--that is not good for currency as it is meant to be spent and circulated.

franky1

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Quote from: gentlemand on August 13, 2018, 02:51:10 PM

Commodity.

It's already been explicitly excluded from the definition as security by the SEC which'll do me.

As a currency I just don't see how it's ever going to work en masse when it's deflationary. No one will spend it unless it's the only option available to them. It's conceivable it may see far more use as a currency in countries that have weak banking and local currencies and little to none in countries with healthier fiat currencies.

Even if Bitcoin reached 'full penetration' straightforward deflation versus what you're paid in makes it less attractive to spend if you can avoid it.

do you even understand what a commodity is ?!?
a commodity is a raw material used to create other materials
gold=jewellery/circuitry
beef= steak/burgers
oil= gasoline/plastic
wheat= bread/cereal

i know what your thinking (bitcoin is gold2.0) but thats based on analogies unrelated to commodity.gold
infact gold sits in 2 markets. commodity AND asset
bitcoins gold analogies are about its ASSET classification

as for currency. stop thinking currency as just fiat. currency can be anything..

bitcoin is actually an asset currency

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