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Author Topic: Do you think Bitcoin is a security, a currency or a commodity?  (Read 890 times)
hakertajniak
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September 28, 2018, 02:07:45 AM
 #41

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?

Yes, this is endless. Peoples have different point of view from their individuals. Some peoples says bitcoin is not an asset, it must be a currency.
Well, if you have your own opinion about bitcoin, just don't force any peoples to yours. Either bitcoin is a security or currency or commodity, as long it bring good to our financial system, then it doesn't matter.

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September 28, 2018, 02:36:28 AM
 #42

Bitcoin is more now a commodity and is bought for resale in the future. On the other hand, currency is used for payment and trading. I believe it will take time for bitcoin to become currency.
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September 28, 2018, 02:40:52 AM
 #43

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 new currency that fits the future. With the continually progressing technology, digital currency will help us cope with the community's demand. So it is a currency.

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September 28, 2018, 02:55:13 AM
 #44

I think bitcoin covers those three things, bitcoin is security because the private key for bitcoin wallets is only we know, bitcoin is a currency because some countries accept bitcoin as payment and bitcoin as a commodity because many people buy bitcoin and sell it in the future.
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September 28, 2018, 11:01:27 AM
 #45

I'm more leaned towards currency as well
CrazeCoinz
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September 28, 2018, 11:23:38 AM
 #46

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?
i will go with bitcoin as commodity as most of investors will hold and wait for the rise of bitcoin price. Since the adoption of bitcoin has not really give impact to us due to volatility and people will not use bitcoin as payment.
GavenJack
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September 28, 2018, 11:47:16 AM
 #47

I believe that all three of these concepts are correct. It all depends on who owns Bitcoin and for what purposes it is used!

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September 28, 2018, 11:49:05 AM
 #48

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?
i will go with bitcoin as commodity as most of investors will hold and wait for the rise of bitcoin price. Since the adoption of bitcoin has not really give impact to us due to volatility and people will not use bitcoin as payment.

that doesn't matter.
bitcoin is still a currency even if people use it as a commodity and invest in it only. it is just that bitcoin is on the rout to adoption and that means a rising price and that makes it an investment for now.

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Goldenmoll1988
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September 28, 2018, 12:22:14 PM
 #49

Bitcoin is now generally perceived as a trading currency. Security is put in bitcoin far from being first. However, I believe that this currency has a bright future.
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September 28, 2018, 12:44:53 PM
 #50

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?

I believe that bitcoin is a currency and a security

Security,because i trust this crypto coin that my future and my love ones will rely on this technology and functionality

Currency,because this is the future payment material for the human race in sooner

 
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September 28, 2018, 12:46:46 PM
 #51

Bitcoin is primarily a secure form of exchange of value of any goods. It's a single currency that can work anywhere on earth and can't be faked. And most importantly, it is not subject to inflation.
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September 28, 2018, 12:59:57 PM
 #52

Bitcoin is what you want it to be. If you want to use it today to buy a Drone, then it will be a currency and tomorrow you want to trade with it, then you use it as a Security or a Commodity.  Wink Bitcoin is a very flexible technology, because it can be used for several different things, depending on the requirements and the circumstances.

The moment when we put it into a little box and define it as ONE thing, then we limit it's use case.  Tongue Let's also be flexible and use it as we see fit.  Cool

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September 28, 2018, 01:03:13 PM
 #53

To be honest, I believe that Bitcoin is a currency which is different than the traditional form of currencies. However, as a majority, we are treating it as a security or investment option considering speculative gains. The core fundamentals of Bitcoin states that it is a payment system based on decentralization and hence we should treat it in that way instead of giving priority to the other things.
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September 28, 2018, 01:13:56 PM
 #54

I think that bitcoin is both currency and security. I think that all the crypto currency is our future, and soon all countries will start using it
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September 28, 2018, 01:20:04 PM
 #55

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 security element can not say anything. Reliable in the conditions of today, but future technology can make Bitcoin inadequate. Especially in terms of security.

Yes, a currency. Because, Bitcoin's mission is to use it as a means of payment.
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September 29, 2018, 05:13:01 AM
 #56

Bitcoin is a completely new phenomenon, so there is debate and many consider bitcoin a Scam.I believe bitcoin combines security, currency and commodities at the same time, making it unique

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September 29, 2018, 05:21:38 AM
 #57

I think bitcoin is only as an intermediary for transactions and not as security, so bitcoin is like offering a solution for security when making transactions.
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September 29, 2018, 05:39:04 AM
 #58

Well, Bitcoin can be possibly any of them, but currently, it's a commodity mostly
because it's too volatile for a currency and doesn't represent a share of a company as a currency, SEC agrees
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September 29, 2018, 05:52:50 AM
 #59

bitcoin is a digital technology advancement and is phenomenal, it will certainly cause a lot of debate and not a few who think bitcoin is a fraud, but in my opinion bitcoin is a combination of security, currency, and commodities that makes bitcoin phenomenal.
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September 29, 2018, 05:57:21 AM
 #60

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 system that regulates payment tools to compete with FIAT currency, if it is said to be a commodity, it can also, because the value of bitcoin shares is regulated on the stock exchange with Bitcoin Futures
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