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Author Topic: Is bitcoin now the strongest currency in the world?  (Read 32667 times)
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June 21, 2017, 10:50:16 PM

Would not say bitcoin is the strongest of all kind of currency. Would make more sense if we say it is the strongest of all crypto currency. The value of bitcoin is currently extremely volatile as we saw in past few weeks. A currency needs to be more stable in its value for it to be strong and compete with other currency.


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June 21, 2017, 10:59:04 PM

Would not say bitcoin is the strongest of all kind of currency. Would make more sense if we say it is the strongest of all crypto currency. The value of bitcoin is currently extremely volatile as we saw in past few weeks. A currency needs to be more stable in its value for it to be strong and compete with other currency.
The value is not the only thing which make sense for a currency to be a stronger currency. But there are a lot of other features which are attracting people towards itself and these people then do not leave off from bitcoin so I think it is a thing which make the sense that bitcoin is a stronger currency of the world.


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June 21, 2017, 11:37:53 PM

After the events of last week.

I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small.  Does it matter?
It has been estimated that bitcoin would be the sixth largest reserve currency in the world in 2030.But for bitcoin to become the strongest currency,it would take more time.Now USD continues to be the strongest currency as it has been universally accepted.Its because USD has been in the market for more than 80 years and bitcoin has just crossed its initial eight years.
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June 21, 2017, 11:40:35 PM

After the events of last week.

I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small.  Does it matter?
It doesn't matter to those who hold bitcoins and getting profit from it however bitcoin is still not the strongest currency it still dollar however bitcoin can be use for those local sites they accepting bitcoins also when bitcoin becomes more useful like we xan use bitcoin anywhere maybe it will become one soon.

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June 22, 2017, 12:38:14 AM

Here we go again people quoting someone from 2013 as it was posted yesterday without looking at the date, I bet this thread could go on and

Becomes 250 pages long in the next 30 days, and as always now everyone are experts in economy with a few nobel prize in their resume.

They think if they say something it is the truth then? just point me to the right direction where I can find anything remotely similar to Bitcoin.

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June 22, 2017, 01:55:26 AM

The OP might have been on shrooms, if he wrote in 2013 that Bitcoin is the strongest currency in the world. The United States Dollar is the strongest currency in the world, as it is used for 90% of the international trade. Also, it is regarded as the reserve currency of the world. I don't know whether Bitcoin will ever be able to achieve that status.

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June 22, 2017, 02:14:52 AM

The importance bitcoin can not be understood at this stage. It has all the potential that an ideal currency would want. It can also stand a chance to reserve the money in the world in bad times. Bitcoin is technology which can change the world in future by modernization of the transaction that we usually do. This will make bitcoin vital currency in the future because I think then we won't be having time to trade with physical currency and we may just wanna show up our hand with barcode on it to do the transaction. I'm just guessing all the importance that it can have making it unique currency of the era.



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June 22, 2017, 03:13:15 AM

I think the strongest currency is still held by USD $, but for the crypto currency I think bitcoin is at the top of the standings in the market, but for the future development bitcoin can be the strongest, because the bitcoin growth is very good and supported by the stable price in the market , I think sooner or later bitcoin will be a strong virtual currency and have a big impact for the economy in the future
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June 22, 2017, 03:46:49 AM

So this thread / question was created last 2013. And for sure op's friends are now into bitcoin. No doubt that bitcoin is now the strongest currency not just in the real world but also include the crypto world. Bitcoin has been mere topics by business articles and investments.

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June 22, 2017, 04:57:28 AM

I think the strongest currency is still held by USD $, but for the crypto currency I think bitcoin is at the top of the standings in the market, but for the future development bitcoin can be the strongest, because the bitcoin growth is very good and supported by the stable price in the market , I think sooner or later bitcoin will be a strong virtual currency and have a big impact for the economy in the future

Yes, most of the international transaction takes place in USD even at this moment and bitcoin is not a buzzing currency for the businesses yet. There are multiple reasons behind it and I think the main reason is volatility in the price and growth in the transaction fees. If we could somehow control these two aspects then many businesses would definitely use bitcoin for their financial needs which indirectly boost the global economy.

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June 22, 2017, 05:13:08 AM

As much as I believe in bitcoin and bitcoin's future, I still think it is way too volatile to be anywhere near the worlds strongest currency. For instance, just this past week my buddy needed to borrow $800 in Bitcoin to purchase some shoes because the seller was offering a discount for the buyer to pay in bitcoin. He sent me $800 on Venmo, and then I instantly purchased $800 worth of bitcoin because I always replenish the bitcoin that I spend.

Within the span of less than 2 minutes (or the time it took me to log in and buy), the same amount of bitcoin that I had just sent my buddy was worth $760.  This doesn't count the $11.95 fee that I ate when I bought the $800 in Bitcoin on Coinbase. I didn't mind eating the fee because it was for a friend, but we wil definitely need a lot more stability to become the world's strongest currency.

I would agree that it's the worlds strongest currency from a tampering standpoint.
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June 22, 2017, 05:22:28 AM

I think the strongest currency is still held by USD $, but for the crypto currency I think bitcoin is at the top of the standings in the market, but for the future development bitcoin can be the strongest, because the bitcoin growth is very good and supported by the stable price in the market , I think sooner or later bitcoin will be a strong virtual currency and have a big impact for the economy in the future

Yes, most of the international transaction takes place in USD even at this moment and bitcoin is not a buzzing currency for the businesses yet. There are multiple reasons behind it and I think the main reason is volatility in the price and growth in the transaction fees. If we could somehow control these two aspects then many businesses would definitely use bitcoin for their financial needs which indirectly boost the global economy.
As mentioned even now USD is used much for majority of the transactions and volatility is one among the reason for the increased use of USD. Right now bitcoin is used for large volume transactions which needs a large set of process if done through banking system. Looking this I think bitcoin is one among the strongest currency, with the increased value than most other currencies. To be the strongest currency it needs to travel a longer​ time period.



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June 22, 2017, 06:53:30 AM

I think the strongest currency is still held by USD $, but for the crypto currency I think bitcoin is at the top of the standings in the market, but for the future development bitcoin can be the strongest, because the bitcoin growth is very good and supported by the stable price in the market , I think sooner or later bitcoin will be a strong virtual currency and have a big impact for the economy in the future

Yes, most of the international transaction takes place in USD even at this moment and bitcoin is not a buzzing currency for the businesses yet. There are multiple reasons behind it and I think the main reason is volatility in the price and growth in the transaction fees. If we could somehow control these two aspects then many businesses would definitely use bitcoin for their financial needs which indirectly boost the global economy.
As mentioned even now USD is used much for majority of the transactions and volatility is one among the reason for the increased use of USD. Right now bitcoin is used for large volume transactions which needs a large set of process if done through banking system. Looking this I think bitcoin is one among the strongest currency, with the increased value than most other currencies. To be the strongest currency it needs to travel a longer​ time period.
Bitcoin simply is not the strongest currency, the value itself is not enough to represent it's strong.
The fact shall remain that this is not even a currency that can compete to a legal currency like USD, it's just a payment system which will help us bridge for faster transaction, take a look more on the estimated number of users than the price, it's volatile so it's not strong enough.

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June 22, 2017, 08:10:33 AM

Would not say bitcoin is the strongest of all kind of currency. Would make more sense if we say it is the strongest of all crypto currency. The value of bitcoin is currently extremely volatile as we saw in past few weeks. A currency needs to be more stable in its value for it to be strong and compete with other currency.
It would be very rude to say bitcoin is the best currency in the world and forget about dollars, gbp, etc. Because the fact is that bitcoin is still far from the strongest word yet. Yeah I would agree that bitcoin is the strongest cryptocurrency, you can see the bitcoin gap is very high compared to other cryptocurrency


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June 22, 2017, 08:35:39 AM

The value is not the only thing which make sense for a currency to be a stronger currency. But there are a lot of other features which are attracting people towards itself and these people then do not leave off from bitcoin so I think it is a thing which make the sense that bitcoin is a stronger currency of the world.
I don't know what the hell you are saying.  You think because of some features of bitcoins, it makes it the strongest global currency? Care to explain what features and how an extremely volatile and unstable currency with no guaranteed future is the strongest global currency?


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June 22, 2017, 08:38:55 AM

So this thread / question was created last 2013. And for sure op's friends are now into bitcoin. No doubt that bitcoin is now the strongest currency not just in the real world but also include the crypto world. Bitcoin has been mere topics by business articles and investments.
Bitcoin is not the worlds strongest Currency because Bitcoin is not an official Currency labeled from the IMF. If Bitcoin was labeled as a Currency by the IMF then the price of Bitcoin would be much more higher than it is right now.

Bitcoin is indeed the most recommended Crypto Currency in world though.

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June 22, 2017, 10:05:41 AM

Hmm i don't think so - still has many currency to exceed tho'
also btc is not yet accepted as mode of payment
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June 22, 2017, 10:33:22 AM

Hmm i don't think so - still has many currency to exceed tho'
also btc is not yet accepted as mode of payment
Even though there is a lot of currency to be pass on by bitcoin, it is still one of the strongest currency in the world because if you will look at its market capitalization then you can really see that i am not telling lies because that is the proof. Bitcoin is getting accepted by the countries and soon it will become a very common even for bitcoin after a few months of good progress.

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June 22, 2017, 10:37:42 AM

So this thread / question was created last 2013. And for sure op's friends are now into bitcoin. No doubt that bitcoin is now the strongest currency not just in the real world but also include the crypto world. Bitcoin has been mere topics by business articles and investments.
Bitcoin is not the worlds strongest Currency because Bitcoin is not an official Currency labeled from the IMF. If Bitcoin was labeled as a Currency by the IMF then the price of Bitcoin would be much more higher than it is right now.

Bitcoin is indeed the most recommended Crypto Currency in world though.
yes it will take a lot of time to become the world strongest currency, but i think still in all crypto currencies bitcoin is still the most powerful crypto currency and i am sure that will remain as number one for ever.
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June 22, 2017, 03:29:19 PM

Would not say bitcoin is the strongest of all kind of currency. Would make more sense if we say it is the strongest of all crypto currency. The value of bitcoin is currently extremely volatile as we saw in past few weeks. A currency needs to be more stable in its value for it to be strong and compete with other currency.
Yeah I think bitcoin can not be said strong currency when bitcoin price is still fluctuative or very easy to change only with a policy one of the user (manipulation) current bitcoin price is very fluctuate and could it be manipulation?

   
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