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Author Topic: Is bitcoin now the strongest currency in the world?  (Read 33000 times)
Hypnosis00
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June 22, 2017, 03:39:04 PM
 #141

Bitcoin is not the strongest currency in the world because it needs a lot more money on its market capitalization to say that it is the strongest currency because there is still a lot of currencies that are standing out aside from bitcoin so it is clear that  bitcoin is not the best or strongest and it is still need to prove itself.

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June 22, 2017, 03:47:10 PM
 #142

Bitcoin is not the strongest currency in the world because it needs a lot more money on its market capitalization to say that it is the strongest currency because there is still a lot of currencies that are standing out aside from bitcoin so it is clear that  bitcoin is not the best or strongest and it is still need to prove itself.
Yes, in my personal opinion, it's not the strongest in the real world but it's the strongest in the virtual world because its capitalization capital is the highest, it is a currency received much attention and most popular in the virtual world. I'm not sure in the future the bitcoin is still the strongest or not but now I can be sure it is the strongest virtual currency. In the real world, the strongest currency is still dollars, bitcoin does not have the capacity to compare with it now or later also will remain so

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June 22, 2017, 03:55:24 PM
 #143

Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).

Depends on the kind of currencies. It's a known fact that in some unstable countries their currencies go almost to nothing in a matter of weeks. But of course currencies like EUR, GBP, USD, CHF are very strong and they will never become nothing in a short period of time. But on the other hand can bitcoin go to zero in a matter of say weeks? I don't think so. So maybe bitcoin is not the strongest currency in the world but it is definitely among the strongest.

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June 22, 2017, 04:20:12 PM
 #144

For now bitcoin is not the strongest currency in world because of its market capitalisation at the present value as compared to other currency in the world. But in time to come bitcoin will surely become difficult to earn and equally become the most strongest currency in world.

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June 23, 2017, 03:37:26 AM
 #145

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?
Bitcoin has very good technology, so in that way bitcoin is better but bitcoin is in no way the strongest currency, this is one of those cases where size does matter and it matters a lot, but don’t worry bitcoin does not need to become the strongest currency it just need to keep on existing to prove its success.



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June 23, 2017, 03:41:35 AM
 #146

In the virtual world I guess it is, it has along way to go to be the strongest in the real world.
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June 23, 2017, 05:48:30 AM
 #147

In the virtual world I guess it is, it has along way to go to be the strongest in the real world.
Yes a long way to go before it becomes the strongest currency in the world because there is a lot of things to do by bitcoin in order to get the trust of all the people in the world or if not all the people maybe the majority of the people in the world. Bitcoin will become strongest if all its plan will become true and if its have stable market.

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June 23, 2017, 05:57:20 AM
 #148

In my own opinion go and study more about bitcoin. My Answer to your subject is Yes because there are ATM and you can pay bills right? and you dont need to have a cellular plan(opinion) because you can buy a load Via Coins.ph (My wallet that I been using). Also try waves wallet I just download it days ago its nice go ahead and try to study waves wallet I would like to tell you the thing I had heard from a friend about waves wallet that its currency is small that you can earn high base on what my friend told me (please do try to correct me if Iam wrong about waves wallet). But if no one corrected me than its 100% sure waves wallet is also good.

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?

If people are saying bitcoin is small just tell them try it but if they dont want too its allright. If they do have there time and you also have time to teach them that bitcoin is also not too small . It doesn't matter if they claimed that bitcoin is small there are other people(users) know what bitcoin can do in other country's and if you want to prove them wrong show them and let them know how bitcoin helping you.

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June 23, 2017, 02:55:19 PM
 #149

In the virtual world I guess it is, it has along way to go to be the strongest in the real world.

I disagree. What do you mean by "in the real world"? Are US Dollars not from the real world? And if they are why do they give $2,700+ for 1 bitcoin then if bitcoin is only from the"the virtual world"? I think everything which is traded for the USD has the real value and hence it's real.

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June 23, 2017, 03:09:26 PM
 #150

Bitcoin isn't the strongest currency for reasons stated, but it is among one of the most valuable.
Yes I think bitcoin is the strongest currency when it comes to virtual currency. But if we are talking about the real currency then its not. Bitcoin was still under the real currency and its usage was still limited.

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June 23, 2017, 03:16:55 PM
 #151

In the virtual world I guess it is, it has along way to go to be the strongest in the real world.

  yes you are right bitcoin is the strongest currency of all the cryptocurrencies and no one other cryptocurrency can beat bitcoin and it is the most established currency of the digital and virtual world but in the real currency it is not the strongest currency because it is not known by all the people still it needs a lot of popularity.

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June 23, 2017, 05:58:43 PM
 #152

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.

Well said, at this moment bitcoin is mere a payment system which provides us better features in low cost as compared to that of with the traditional currencies. Since it is still in beta stage, there are speculators who are trying to make profits out of it (and I don't think there is anything wrong in it), but if we can find a stable price for the long term then businesses would give a try to it but I don't think bitcoin will remain stable over next few years because many people are willing to enter in bitcoin and it will keep growing the user base and thus price too.

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June 23, 2017, 06:25:40 PM
 #153

Bitcoin does not have the backing like other centralized currencies like the USD dollar, so we can not say that its the most powerful with other countries choosing not to recognise its existence and others going to the extreme to ban it but we are on the road to make it the most powerful
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June 23, 2017, 06:47:05 PM
 #154

Bitcoin does not have the backing like other centralized currencies like the USD dollar, so we can not say that its the most powerful with other countries choosing not to recognise its existence and others going to the extreme to ban it but we are on the road to make it the most powerful

I wouldn't call bitcoins a currency until it is accepted by the a lot of the Major Countries in the world or the some key members of the G20. If they do that i think it is going to devalue the currency and it remains to be seen if its going to be a strong currency.



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June 23, 2017, 07:20:00 PM
 #155

In my own opinion and study of bitcoin. My Answer to your subject is Yes because there are ATM and you can pay bills right? and you dont need to have a cellular plan(opinion) because you can buy a load Via Coins.ph (My wallet that I been using).
Maybe you can pay your bills with Bitcoin, but I can't. Bitcoin isn't accepted by most governments even as an alternative form of payment. If you want to pay bills, taxes, or pay any institutional fees, like in court, you have to use fiat.

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June 23, 2017, 07:20:51 PM
 #156

Bitcoin does not have the backing like other centralized currencies like the USD dollar, so we can not say that its the most powerful with other countries choosing not to recognise its existence and others going to the extreme to ban it but we are on the road to make it the most powerful

The "backing" that fiat currencies receive nowadays is pretty shaky overall

Basically, this backing comes down to governments not printing too much money and accepting it as a means of payment for "all taxes, public duties and debts". What happens when a government backs off from this, you can see by the example of the Zimbabwean dollar. It is conceptually the same with any other fiat currency out there, and the US dollar is in no way an exception to this universal rule. Bitcoin is certainly not the strongest currency in the world, very far from that actually, but the reasons are completely different

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June 23, 2017, 09:25:57 PM
 #157

In the virtual world I guess it is, it has along way to go to be the strongest in the real world.

I disagree. What do you mean by "in the real world"? Are US Dollars not from the real world? And if they are why do they give $2,700+ for 1 bitcoin then if bitcoin is only from the"the virtual world"? I think everything which is traded for the USD has the real value and hence it's real.
yes USD is a physical currency and has great value therefore it is a real currency, bitcoin can also be count as real currency because it also has value, but in fact bitcoin has now physical body therefore some people call  it as virtual, but I thin virtual is not a suitable word for it I think it is better to call it as digital currency, because  we can use bitcoin with the help of computer and internet, so crypto currency or digital currency is suitable name for bitcoin.
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June 23, 2017, 09:50:09 PM
 #158

Bitcoin does not have the backing like other centralized currencies like the USD dollar, so we can not say that its the most powerful with other countries choosing not to recognise its existence and others going to the extreme to ban it but we are on the road to make it the most powerful
bitcoin is now getting a great support from their users, and hope that very soon it also get the support of different states and governments like Japan because most of the states are going to legalize bitcoin, although bitcoin is currently not the strongest currency of the world, but if we compare it with other cyrpto currencies then it is the strongest currency, and i can expect that very soon it will even become the strongest currency of the world, when people will adopt it.

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June 23, 2017, 10:28:32 PM
 #159

Bitcoin may not be the strongest currency in the world but it has all that which can make it the strongest and most sought after currency of the world. Bitcoin is still new and in it's development stages. Bitcoin is a revolution and a lot more people have still to become part of it and it's to be introduced to a lots more people. Bitcoin certainly gaining huge popularity day by day and all this together will definitely make it a strongest currency.
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June 23, 2017, 11:53:07 PM
 #160

Bitcoin is not the strongest currency in the world because it needs a lot more money on its market capitalization to say that it is the strongest currency because there is still a lot of currencies that are standing out aside from bitcoin so it is clear that  bitcoin is not the best or strongest and it is still need to prove itself.
Yes it do not have much money in it and not much people invested but as it is the initial stage of it that is why we are seeing it when it will take some more time then we will see the base of it more stronger.



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