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by BBYC
Mon Jan 15, 2018 2:00 pm
Forum: Off-Topic
Topic: Crypto-currencies
Replies: 202
Views: 42576

Re: Crypto-currencies

The Annoyed Man wrote:
BBYC wrote:
Liberty wrote:Trading cryptocurrencies is commodity trading, it's no different than pork bellies or precious metals.
Now I'm thoroughly confused. Are they currencies or commodities? :confused5
If you think of currencies as commodities, it might help.
No. That's just more confusing. NYMEX and CBOT are futures exchanges. Until recently, there was no futures trading for crypto. There is now, but it's still a different kettle of fish than coinbase and similar trading sites.

Before somebody quibbles, there is fx futures trading but fundamentally different than the cryptocoin trading sites.
by BBYC
Tue Jan 09, 2018 2:04 pm
Forum: Off-Topic
Topic: Crypto-currencies
Replies: 202
Views: 42576

Re: Crypto-currencies

Liberty wrote:Trading cryptocurrencies is commodity trading, it's no different than pork bellies or precious metals.
Now I'm thoroughly confused. Are they currencies or commodities? :confused5

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