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Title: [2015-09-28] Bitcoin’s Commodity Label Is Positive News Post by: jdebunt on September 28, 2015, 08:24:04 PM https://news.bitcoin.com/bitcoins-commodity-label-positive-news/
Bitcoin has been facing a lot of criticism since day one, as most people still see the virtual currency as an investment vehicle for the wealthy and the elite. Hardly anyone would have ever believed that exactly this trait would be one of the major determining factors to take Bitcoin mainstream. Ever since Bitcoin was added as a commodity on commodities markets, there has been a growing interest in this “investment vehicle of the future.” Title: Re: [2015-09-28] Bitcoin’s Commodity Label Is Positive News Post by: RustyNomad on September 29, 2015, 08:33:38 AM Good to see this. Don't really care what Bitcoin is seens as by the investors just as long as they take interest in it and invest in it. This will assist in providing bitcoin with more credibility as well as assist with driving mass adoption.
One very true point made in the article is the following: Quote he Bitcoin price is pretty volatile, as the free market of supply and demand is in full effect on a constant basis. What most people fail to realize is that any form of money is extremely volatile in valuation, yet Bitcoin is the only one being open and transparent about it. Bitcoin is the only 'currency' where the price is really determined by the free market. The rate of fiat currencies are also to some extent determined by the free markets but the banks play a far larger role in 'fixing' these rates. The recent events where the banks were fined billions for 'fixing' the rates is clear proof that the free market is not THE driving force between inter currency rates. Title: Re: [2015-09-28] Bitcoin’s Commodity Label Is Positive News Post by: Kakmakr on September 29, 2015, 09:28:55 AM https://news.bitcoin.com/bitcoins-commodity-label-positive-news/ Bitcoin has been facing a lot of criticism since day one, as most people still see the virtual currency as an investment vehicle for the wealthy and the elite. Hardly anyone would have ever believed that exactly this trait would be one of the major determining factors to take Bitcoin mainstream. Ever since Bitcoin was added as a commodity on commodities markets, there has been a growing interest in this “investment vehicle of the future.” I cannot see why they would say Bitcoin is only for the wealthy and the elite. You can buy a few Satoshi for less than a cent, if you are really that poor. The divisibility of Bitcoin opens up this <commodity> to everyone. Rich and Poor can participate in this game and that makes Bitcoin the greatest invention of this century. It can also be used as a currency, and that makes it even more incredible. ^LoL^ Title: Re: [2015-09-28] Bitcoin’s Commodity Label Is Positive News Post by: Dogtanian on September 29, 2015, 10:44:27 AM https://news.bitcoin.com/bitcoins-commodity-label-positive-news/ Bitcoin has been facing a lot of criticism since day one, as most people still see the virtual currency as an investment vehicle for the wealthy and the elite. Hardly anyone would have ever believed that exactly this trait would be one of the major determining factors to take Bitcoin mainstream. Ever since Bitcoin was added as a commodity on commodities markets, there has been a growing interest in this “investment vehicle of the future.” I cannot see why they would say Bitcoin is only for the wealthy and the elite. I don't understand this either and haven't really seen any one say it. Most of the time its called a currency for nerds or geeks but now investors have got involved they might say different. I think that many millions are being poured into bitcoin from all these investors shows that its not just us that can see the potential in bitcoin. |