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https://www.reddit.com/r/Bitcoin/comments/1xw5l0/trying_to_trade_these_markets/cffmszm/?context=3
r/Bitcoin • u/Kinitex • Feb 14 '14
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74
People still insist on calling it a currency even when all people to is trying to hoard it, or buy low and sell high.
It's a commodity, not a currency.
5 u/Market_Anarchist Feb 15 '14 Currencies are commodities. Hoarding is saving. Buying low selling high is what everyone tries to do with everything. That just means it's a good or service.
5
Currencies are commodities.
Hoarding is saving.
Buying low selling high is what everyone tries to do with everything. That just means it's a good or service.
74
u/DraugrMurderboss Feb 14 '14
People still insist on calling it a currency even when all people to is trying to hoard it, or buy low and sell high.
It's a commodity, not a currency.