Is bitcoin now the strongest currency in the world?

[paul gatt]

In my opinion, bitcoin is not the strongest currency in the world. Bitcoin is only strong in the digital money market, it is not considered the official currency in the world. Only large companies, corporations and economically strong countries accept bitcoin payments.

[adpinbr]

According to researchers, as of December 2017 bitcoin is now the 6th largest currency in the world outranking the pound, the ruble and the won.The value of bitcoin is undetermined but it is estimated to be $10,765 each. but I think it has the capacity to grow more and be a stronger currency. I don't think that we are able to remove real life money since bitcoin is very techy which can be hacked if it is continued to be learned.

[richfinch]

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?

Nobody gave Bitcoin the chance to become as phenomenal as it is today. During its nascent days, there were doomsday warnings of how the cryptocurrency is going to crash. Fast forward to the present, and Bitcoins fortune has changed. It is the hottest topic in the financial world and with Blockchain disrupting the industry.
FUTURE CHANGES IN REGULATION

It is unlikely that bitcoin becomes widely accepted as a currency any time soon. Its decentralized nature makes it difficult to regulate, taking away the central banks’ authority. In Satoshi Nakamoto’s 2008 paper that created blockchain and subsequently bitcoin, this was the main advantage of cryptocurrency, but they won’t relinquish their control over money supply. There are lots of arguments for either side of legalizing bitcoin, but we cannot tell what will happen in the future, merely wait and watch as the events unfold.

To the east, Asia and countries in Oceania also have some form of regulation regarding bitcoin and other cryptocurrencies, again, just to prevent financial crimes. Bitcoin regulation has always been contentious in Russia, but the country’s central bank has finally put in place regulations that consider the cryptocurrency as an asset.

[Ngewex Yuk]

Can be said that bitcoin is the strongest currency today, with the price of 1 btc = $ 7500 then this is the highest value, let alone much information saying that bitcoin prices will continue to rise as users continue to grow.

[signaturecoin]

I think we can not say that bitcoin is the strongest currency because until now there is no official state legalize bitcoin, other than that the influence of traditional currency is still too strong compared to bitcoin.

[Indra32]

Bitcoin isn't the most grounded money on the planet. Bitcoin is the most costly cash on the planet. It's very extraordinary ideas. A solid money has a steady cost and is upheld by a steady economy of the state which it has a place. Bitcoin is very another. While it is nearer to the stock than to the cash.

I think Bitcoin has a future to be the strongest currency in the world but has not achieved this. It needs to be more available and easier to trade in order for goods and services to be strong.
I believe in bitcoin and think it's very cheep right now. But bitcoin is not the strongest currency ATM because it is brand new and has great fluctuations. Many people have no confidence in bitcoin and this can lead to panic sales.

[logicgate]

Not now, but it can be in future. Bitcoin users have been growing rapidly.

Why not now infect Yes, bitcoin now is the strongest currency because the popularity of bitcoin is increasing very fast bitcoin in market is getting great value now, bitcoin is the super investment now and it is the best source of income for people, which is attracting a lot of people to invest in bitcoin, bitcoin is the faithful currency which never get you lose.  Bitcoin is very reliable to use and it is increasing very high even more so for me bitcoin is for sure is the strongest currency.

[gamalzour]

Bitcoin is strong and expencive currency, actually the most expencive nowadays but the problem is trust and volatile price. People don't like changes

Bitcoin volatility is not bad as it provides us the opportunity to buy at low price and when we buy a lot of Bitcoins at low price will consume our less investment if you are an investor. You will get huge profit when its price jumps; sell that time for huge profit. What if gold in stable that gives you less profit and what if Bitcoin is not stable that gives you huge profit. Do not you like huge profit?

[Cryptomagnus]

The strength of a currency does not depend on its nominal value, but on its diffusion and its solidity. At the moment, bitcoin is still too unstable to be used as a reference currency. But maybe, in the future, ...

[spartak-sbk]

Bitcoin has a huge potential, in the future it can become the strongest currency.

[Klestar]

I don't think Bitcoin is the strongest currency in the world, because it honestly wouldn't take more than a few billion dollars USD in mining equipment to ruin it.
I think the cheapest and easiest way to ruin bitcoin is the propaganda being constantly spread about LN and Segwit. If a lot of people use that for their transactions they don't realize it can all be reversed by just one 51% attack miner. With how it is right now that can only happen for the last 2 or 3 blocks.BTC has a long way to go.

[loveslfc]

It's not the strongest now but can be very soon.

[reynilynedago]

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?

Maybe "strong" in a way that bitcoin has a strong support by the users and there are new people coming in. But seriously, is bitcoin strong at all? Let's lay down the facts. Once a whale gets out of the market, the whole market goes down and it takes a while before we can ever recover. Bitcoin is also not backed by any commodity, it's not issued by any government. Bitcoin is unregulated. When you lost your bitcoin, you don't have any customer support to talk to.
i just want to point out that we're all living in a bubble here. At the end of the day, you're not safe. At the end of the day, this is still a zero sum game and once the whales have left this market, then it's goodbye to your investments and to bitcoin itself.
Fiat is still the strongest currency in the world. I might not know which one specifically but you get the gist. Fiat is not backed by something too but it has a government that issues it.

[hibiscus]

Bitcoin is the strongest currency in the world at present. It has invented in the year 2009 and has got some special characteristics such as  de centralized one and the anonymity. Bitcoin has become popular  in this  period and more people are attracted to it. Bitcoin could attract the investors confidence and its price has shoot up to 20K USD on last December and now its value is less than 7K USD. Still bitcoin has the highest value among the currency  in transaction.

[Cinemo]

as of now i think yes bitcoin is the strongest currency in the world. simply because bitcoin is dominating almost all the crypto currency one time bitcoin is the highest then just now some of crypto is chasing the bitcoin price.just simple like that bitcoin is the strongest currency in the world.bitcoin reach the 1 million price last 2017 last year that is the record of bitcoin that never been done before by other cryptos that is one of the reason why bitcoin is the strongest currency in the world. this is on my thoughts it isup to you if you agree with it or not.

[Akupuniard]

Bitcoin is probably strong currency but i'm not sure that price means everything in this case. Ethereum looking much more promsing in this case to be honest

[xwtfx]

In reality bitcoin is presently the foremost grounded money on the world associated this is  on the grounds that the rationale is that bitcoin has get a high price as distinction with totally different financial standards and what is more the speed of bitcoin is increasing to an ever increasing extent and no-one can overcome rate of bitcoin.

[ClackKendi]

Bitcoin is considered to be the most powerful currency in the world because it now attracts a lot of investors and is the coolest currency and is also being studied by the nations to be able to make it trading as paper money, and it will be the coin that has the strongest development

[Wong Gendheng]

There is no evidence and strong sign that bitcoin is the strongest currency in the world, this is because until now no official state using bitcoin and bitcoin is still the second money from all countries that have legalized bitcoin.

[Coleth]

At this point in time since many people are still sceptic and no knowledge about it then it is not yet the strongest though it is the head of crypto currency but it doesn't remove the fact that when you talk about currency it involves money matters ,things that are most valuable than the other pertaining to how much it cost or its value and remember world has plenty of different countries with different currencies.