Bitcoin is a payment system (that has its own currency).
It is not a stock -- a stock is a share of a company, something that produces revenue.
A commodity is not a stock, either. I suppose you could consider bitcoin as a commodity, but that would be splitting hairs. A commodity is typically a resource or at least something tangible.
Topic: Is bitcoin a currency, a stock, or both? - page 2. (Read 1154 times)
It's hard to put Bitcoin under any one word, since we are in new territory. The average person though may just associate it with stocks in the mean time. Typically when I discuss investing with someone who doesn't do it, they automatically assume stocks.
Thats my point. No one knows what category bitcoin is under, it can be a whole new category, but what do YOU classify it as, and why?
On a basic level I would consider it a currency as I can transfer it to someone else in exchange for goods and services. On the other hand, in my portfolio, I have it as a speculative high risk investment.
Soo both?
I don't feel right calling it a stock. A speculative investment I would consider it, just as I can put risk as an investment into many things that are not stocks. Holding bitcoin doesn't make me a shareholder of anything controlled by a board.
It's hard to put Bitcoin under any one word, since we are in new territory. The average person though may just associate it with stocks in the mean time. Typically when I discuss investing with someone who doesn't do it, they automatically assume stocks.
Thats my point. No one knows what category bitcoin is under, it can be a whole new category, but what do YOU classify it as, and why?
On a basic level I would consider it a currency as I can transfer it to someone else in exchange for goods and services. On the other hand, in my portfolio, I have it as a speculative high risk investment.
Soo both?
It's hard to put Bitcoin under any one word, since we are in new territory. The average person though may just associate it with stocks in the mean time. Typically when I discuss investing with someone who doesn't do it, they automatically assume stocks.
Thats my point. No one knows what category bitcoin is under, it can be a whole new category, but what do YOU classify it as, and why?
On a basic level I would consider it a currency as I can transfer it to someone else in exchange for goods and services. On the other hand, in my portfolio, I have it as a speculative high risk investment.
It is not a traditional currency, that is for sure. I would not call it a stock either, though.
It's hard to put Bitcoin under any one word, since we are in new territory. The average person though may just associate it with stocks in the mean time. Typically when I discuss investing with someone who doesn't do it, they automatically assume stocks.
Thats my point. No one knows what category bitcoin is under, it can be a whole new category, but what do YOU classify it as, and why?
Stock is not good explanation because you cant buy less than 1 stock, this could make people think they need to buy 1 BTC minimum
Updated OP.
It's hard to put Bitcoin under any one word, since we are in new territory. The average person though may just associate it with stocks in the mean time. Typically when I discuss investing with someone who doesn't do it, they automatically assume stocks.
Stock is not good explanation because you cant buy less than 1 stock, this could make people think they need to buy 1 BTC minimum
It's use is as a currency, but you could consider it a commodity. Though to the average person, commodity may even be something difficult to explain it as as the average person just tends to think of stocks whenever the word investing comes up.
I post in the OP that commodities lie under stocks. I also think that stocks are traded much more than gold.
It's use is as a currency, but you could consider it a commodity. Though to the average person, commodity may even be something difficult to explain it as as the average person just tends to think of stocks whenever the word investing comes up.
What about comodity (like Gold for example)
Ummmm, lets assume it under Stock for now...
So what do you think it is?
What about comodity (like Gold for example)
Hey!
BTW YOU CAN BUY AS LITTLE OF A STOCK, AND AS MUCH AS A STOCK. IT CAN BE A COMMODITY OR ANYTHING ELSE THAT IS A (RELIABLE) INVESTMENT
I have been showing bitcoins to people lately and each person has a different view:
Me: Currency
My parents: Stock
My aunt and uncle (1): Both
My cousin (from family 1, 1): $$$
My other cousin (from family 1, 2): Currency
My aunt (2): Dont care
My uncle (2): Both
So what do you think it is?
EDIT: Commodities like Gold are assumed under stock!
BTW YOU CAN BUY AS LITTLE OF A STOCK, AND AS MUCH AS A STOCK. IT CAN BE A COMMODITY OR ANYTHING ELSE THAT IS A (RELIABLE) INVESTMENT
I have been showing bitcoins to people lately and each person has a different view:
Me: Currency
My parents: Stock
My aunt and uncle (1): Both
My cousin (from family 1, 1): $$$
My other cousin (from family 1, 2): Currency
My aunt (2): Dont care
My uncle (2): Both
So what do you think it is?
EDIT: Commodities like Gold are assumed under stock!
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