Topic: [POLL] Is Bitcoin a currency, speculative investment, or other? (Read 1011 times)
I think right now bitcon is a speculative investment. However over the long term it will likely morph into a currency. As of today most people buy bitcoin with the hopes of it's price going up. However it does have the ability to be used in ways similar to a currency
September 16, 2014, 04:55:23 PM
I think it could be both.
September 16, 2014, 01:23:34 PM
Bitcoin can function as either. It's intended to be used as a currency, though for the time being, it is primarily a tool for speculation. A good way to phrase it is as follows:
Most individuals that have bitcoin:
(A) use bitcoin to buy and/or sell things
(B) are investors, speculators, and/or daytraders
The answer is (B) for now. But that's not anyone's fault, Bitcoin is too young to be used for everything, so people that would use it have to hold it while they wait. I think that as the years go on, (A) will become the answer.
Most individuals that have bitcoin:
(A) use bitcoin to buy and/or sell things
(B) are investors, speculators, and/or daytraders
The answer is (B) for now. But that's not anyone's fault, Bitcoin is too young to be used for everything, so people that would use it have to hold it while they wait. I think that as the years go on, (A) will become the answer.
September 16, 2014, 01:10:10 PM
Bitcoin is just a number.
September 16, 2014, 11:37:58 AM
All just a speculation. 
September 16, 2014, 11:19:23 AM
In my opinion, BTC is not yet become a currrency cause it's volatility.
But a currency doesn't have to be stable to be defined as such, though it's use as one could be debated.
September 16, 2014, 10:55:28 AM
It's a currency insofar as it's usable as a currency. In all other cases, it's a precurrency.
September 16, 2014, 10:34:30 AM
In my opinion, BTC is not yet become a currrency cause it's volatility.
More likely a speculative investment.
More likely a speculative investment.
September 16, 2014, 10:09:43 AM
people have strong faith in the potential price movement of bitcoin and tend to hoard as much as possible.
September 16, 2014, 10:06:34 AM
all of the above.
September 16, 2014, 10:04:59 AM
It's a currency/payment system and can be much more, but that doesn't mean people can't treat it as an investment, so I see it as both a medium of exchange and a potential investment.
I see people treating it like a speculative investment more. It follows no established currency value (example)
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September 16, 2014, 09:59:38 AM
It's a currency/payment system and can be much more, but that doesn't mean people can't treat it as an investment, so I see it as both a medium of exchange and a potential investment.
September 16, 2014, 09:56:51 AM
I have my own opinion on this. The thread is for statistical purposes. I am aiming to get a fairly accurate sample of what fairly educated Bitcoin users think about the currency, and I don't think there will really be any undercoverage or response bias.
PLEASE VOTE FOR YOUR CHOICE. I need the answers for statistics.
PLEASE VOTE FOR YOUR CHOICE. I need the answers for statistics.
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