Bitcoins have no dividend or potential future dividend

[8i8]

Bitcoins have no dividend or potential future dividend, therefore not like a stock.

More like a collectible or commodity.

is it true? how to be commodity?

[Swordsoffreedom]

You know, most of the traditional currencies are backed by the commodity. The value of a traditional currency depends on what people are willing to give you in exchange for the bucks.
What about Bitcoin? Bitcoin is something that is totally dependent on supply and demand. so, you can compare it as a commodity.

[Tipstar]

Gold bar doesn't produce gold nuggets either. It's about the trust and security in the value. Bitcoin is limited with a known supply and it can't be faked or created by any other way except how it's meant to. The value is agreed upon by the holders, traders and miners through a 24 hour trading.

[Beparanf]

Bitcoins have no dividend or potential future dividend, therefore not like a stock.

More like a collectible or commodity.

is it true? how to be commodity?

It's true because Bitcoin is a crypto CURRENCY. People always making things to define BTC, There is no way that BTC will be a stock since there's no company owning it and its a currency.

Commodity means something valuable or people give it a value based on its usefulness. Just like gold, silver and other precious metal. Besides supply and demand, People speculation on its price is what the value of BTC made off.

[Lorence.xD]

It is as satoshi says, it is his/her brainchild so we can't dispute the fact. To get a dividend, it needs to be like a stock and bitcoin is not a corporation so investing in it is believing that the value will rise.

[hugeblack]

This is Satoshi’s vision of the currency, but the currency is decentralized, and the use of society can change its definition. For example, we find that many stocks and currencies have become dependent on Bitcoin as a reserve and to enhance the assets it owns.

As for Bitcoin itself, it is completely different from a lot of fiat money that is covered with gold, silver, or promises, and it is also not precious metals such as gold and silver.

They are closer to being commodities that depend on supply and demand in their concept and not in their essence.

[Walterhank]

This is Satoshi's perspective. But I think It's a Cryptocurrency. Which is to say it is neither because it is something entirely different. It is four things rolled into one cohesive system. A currency, a commodity, a payment system, and a distributed peer-to-peer ledger. You can't examine Bitcoin without taking all four of these into consideration. This is the mistake Krugman makes. He knows a lot about currencies and therefore thinks he knows about Bitcoin despite the fact that he doesn't know anything at all about payment systems and peer to peer ledgers.

It's like claiming you understand airplanes because you're an expert on tires, and airplanes have tires.

[witcher_sense]

Why bitcoin, according to Satoshi, is not money or a currency, but a collectible or commodity? Having been influenced by the works of economists of the Austrian school, Satoshi decided to design bitcoin in such a way that it would be similar to other hard money such as gold. Satoshi knew that on a free market, the most marketable commodities with certain characteristics become money. On a free market, you can't coerce others to transact with your created out of thin air money. No one sane will accept them. Satoshi didn't coerce others, he didn't make false promises. What he did instead was create bitcoin, a commodity with valuable characteristics that, in the future, allowed it to transform into money.

[cryptoaddictchie]

Bitcoins have no dividend or potential future dividend, therefore not like a stock.

More like a collectible or commodity.

is it true? how to be commodity?

Technically true. His goal is quite different compared to most projects that have been made to literally earn funds. Basically he wanted to create a system that is not control by any third party and people can use that to do a transaction on a digital manner. His ideal doesn't much involve self motive to pull an earning process for people but what happened on reality have added a investment approach since people made bitcoin grows into something really valuable.

[jaresmerel001]

No, Cryptos pays no dividends, no interest, and there's no possible organic growth.

As collateral, you can use crypto for cash loans. That sense of it, that it can be pawned.

[Jawhead999]

No, Cryptos pays no dividends, no interest, and there's no possible organic growth.

If you say "Cryptos" so it refers to cryptocurrency/altcoin and Altcoin with POS system offers dividend trough staking.

is it true? how to be commodity?

As anyone said Bitcoin is a commodity since it can be exchange and the price determined by supply & demand, not controlled by centralized entity.

[hatshepsut93]

I wouldn't call Bitcoin a commodity, commodities are meant to be consumable, and Bitcoin is obviously not. Collectibles are valuable because of their extreme rarity, and Bitcoin is not that rare - up to 21 million coins, and 100 million times more satoshis. I don't think that Bitcoin is all that different from fiat money - they are both valuable because people believe in their value, while inherently they have no uses beyond monetary. The key difference is that fiat's supply is created in a centralized way, and now with the shift towards digital payments, the payments are also processed in a centralized way too.

[error08]

I wouldn't call Bitcoin a commodity, commodities are meant to be consumable, and Bitcoin is obviously not. Collectibles are valuable because of their extreme rarity, and Bitcoin is not that rare - up to 21 million coins, and 100 million times more satoshis. I don't think that Bitcoin is all that different from fiat money - they are both valuable because people believe in their value, while inherently they have no uses beyond monetary. The key difference is that fiat's supply is created in a centralized way, and now with the shift towards digital payments, the payments are also processed in a centralized way too.

Satoshi was right, we can assume bitcoin as a collectible or commodity if we compare it with stocks that have dividends.
The commodity isn't always meant to be consumable, you can't consume gold but it is a commodity, commodity is a useful or valuable thing. In economics, a commodity is an economic good that has full or substantial fungibility; that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole. source
Collectibles:   May have aesthetic or   emotional value but derives its pricing from its scarcity (supply) and the perception of others that it is wanted. source
However, bitcoin meant to be an alternative payment method، as a means of payment, as a medium of exchange, in short as a currency.

[countryfree]

Look at Tesla' stock. There are plenty of companies which do not give any dividend, but that doesn't prevent plenty of folks to buy them.

[jossiel]

Does that matter if it's not like other investments that give dividends? satoshi has said it already and it is not a stock. But if you want to get a sort of dividend in the form of interest.

There are exchanges that have interest accounts. You deposit bitcoin to them and they'll give you interest in the rate of p. a.

Only if you're cool with that because me, I'm not. I don't want exchanges to hold my fund for a long time.

[tbct_mt2]

Bitcoin is not a sort of commodity. It is not a sort of payment method. I am keen on the view that considers bitcoin as a new Gold standard. In traditional market and economy, Gold was used a standard and it was taken over by US dollar.

In crypto market, bitcoin is a digital gold standard for all cryptocurrency and I hope to see it will be a gold standard in society not only in crypto. In crypto market, the standard is clear as coins have their pairs with Bitcoin.

[sujon5]

I don't think that Bitcoin can be defined in these terms. It's neither stocks, nor commodity. Bitcoin doesn't have dividends because it wasn't made to generate profit in the future. Cryptocurrency = A form of currency.

[bayu7adi]

Cryptocurrency = A form of currency.

It could be, cryptocurrency is a projection to become something like stocks but without dividends. This happens when the demand is higher and the total supply cannot cover all users anymore. It's ridiculous to still use it for transactions.

Talking about the dividends that are given to most of the stocks, we should be proud of Bitcoin which is immediately backed up by the trust of big investors, the trust of the community, the trust of miners to the trust of users. We all believe that Bitcoin works and we all will not allow its value to be zero or disappear. So even without dividends, bitcoin will still be popular.

[hatshepsut93]

Satoshi was right, we can assume bitcoin as a collectible or commodity if we compare it with stocks that have dividends.
The commodity isn't always meant to be consumable, you can't consume gold but it is a commodity, commodity is a useful or valuable thing. In economics, a commodity is an economic good that has full or substantial fungibility; that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole. source
Collectibles:   May have aesthetic or   emotional value but derives its pricing from its scarcity (supply) and the perception of others that it is wanted. source
However, bitcoin meant to be an alternative payment method، as a means of payment, as a medium of exchange, in short as a currency.

You absolutely can consume gold, it's used in electronics, jewelry, chemical industry and other fields. The definition of commodity as "anything that can be traded" is so broad that it is useless. Bitcoin is not a commodity, because it has no uses other than being money. If you argue that Bitcoin is a commodity, then US dollar is a commodity too.

Bitcoin is not a collectible, because it doesn't have any "aesthetic or emotional value". It's just a bunch of bits in a decentralized database.

[wxa7115]

Gold bar doesn't produce gold nuggets either. It's about the trust and security in the value. Bitcoin is limited with a known supply and it can't be faked or created by any other way except how it's meant to. The value is agreed upon by the holders, traders and miners through a 24 hour trading.

I do not know why this is surprising to people, if you hold 100 dollars in your pocket in a year you are still going to have 100 dollars with the difference that most likely in that one year what you can buy with that 100 dollar bill went down while on average in the case of bitcoin what you can buy with it s always going up.

Anyone that wants to multiply their bitcoin have to do it either by just buying more bitcoin or finding an activity that increases the amount of bitcoin they are holding like trading.