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Author Topic: Do you think Bitcoin is a security, a currency or a commodity?  (Read 118 times)
r32godzilla
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August 14, 2018, 05:10:32 PM
 #21

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.

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August 21, 2018, 02:50:47 PM
 #22

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.

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September 21, 2018, 03:06:58 PM
 #23

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.

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September 21, 2018, 03:12:21 PM
 #24

 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.
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September 21, 2018, 03:27:19 PM
 #25

 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
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September 21, 2018, 03:33:53 PM
 #26

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.

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September 21, 2018, 03:48:55 PM
 #27

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.
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September 21, 2018, 04:00:55 PM
 #28

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

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September 21, 2018, 04:06:49 PM
 #29

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.

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September 21, 2018, 04:18:04 PM
 #30

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?

Security,because for those who trusted bitcoin this is the future of technology and the assurance of our family and love ones because of the volatility profit will go high and high as time passes by so in long run we will be having bright tomorrow

Commodity,since this has been use for investment and holding,compared to Gold this has a big potential and fast earner profiteering.

Currency,this can be use for transactions via internet,just like in japan when the function of this cryptocurrency is like what that uses of Yen

So in totality,all of this are bitcoin functionality .


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September 21, 2018, 05:26:43 PM
 #31

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

I partly agree with the classifications.
Ok it might be classed as a currency in that it is a payment system like visa
But with its own tokens.
While bitcoin is not physical it can be used as an investment like the stock exchange.
Security is a tricky one, the OP could mean something like a hedge fund against a
recession in FIAT land.

So in those 3 scenarios Bitcoin can and is all 3

r32godzilla
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September 21, 2018, 06:32:30 PM
 #32

Bitcoin was created by Satoshi as a payment system against banking system.But many tried to use it as a currency.But now,almost 95 Percent of users consider it as a high ROI giving commodity.

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