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Author Topic: Is bitcoin now the strongest currency in the world?  (Read 33360 times)
Pattart
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June 24, 2017, 11:15:38 PM
 #181

No it isn't.
It's still gold and fiat.
But it would be because bitcoin is new.


It has been popular nowadays
and there are lots of supporters
So someday it would have the potential to become strong.

Bitcoin is growing and developing today. Although not yet very strong but I myself am very confident that bitcoin has a bright future and will be a strong currency. Because of the potential bitcoin there is. You can see the euphoria of new users


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FlightyPouch
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June 24, 2017, 11:18:09 PM
 #182

No it isn't.
It's still gold and fiat.
But it would be because bitcoin is new.


It has been popular nowadays
and there are lots of supporters
So someday it would have the potential to become strong.

Bitcoin is growing and developing today. Although not yet very strong but I myself am very confident that bitcoin has a bright future and will be a strong currency. Because of the potential bitcoin there is. You can see the euphoria of new users


I think it is growing but not developing. And I think bitcoin is one of the strongest digital currency I know, if you think of it, bitcoin is not that of a good digital cuurency, there are many coins that can overcome bitcoin in terms of features, but bitcoin is the first, so I think it is the strongest digital currency.

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Sled
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June 24, 2017, 11:18:48 PM
 #183

No it isn't.
It's still gold and fiat.
But it would be because bitcoin is new.


It has been popular nowadays
and there are lots of supporters
So someday it would have the potential to become strong.

Bitcoin is growing and developing today. Although not yet very strong but I myself am very confident that bitcoin has a bright future and will be a strong currency. Because of the potential bitcoin there is. You can see the euphoria of new users


You are right, bitcoin now is keep on growing and developing and those progresses are reflecting the volume of the market and the amount of user because they are also growing and soon they will become bigger and the bitcoin will become stable and after those instances it result for bitcoin for becoming a stronger currency than before and soon it will become the most traded currency and in the end, one of the strongest currency.

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June 25, 2017, 01:24:44 AM
 #184

Nope, and no government is ever going to allow it to ever be. They'll regulate and tax us into oblivion before they allow something like this to happen, they (politicians, bureaucrats, businessmen and women) wouldn't allow themselves to lose their power to a decentralized group of people who are going to be so vulnerable to regulatory issues. Because a lot of people know (minus the die hard Bitcoin supports) is if the government made it illegal to possess Bitcoin and made us sell right now, most of us would do it and just go back to our normal lives.

So no, Bitcoin isn't the strongest currency in the world and it never will be sadly.

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June 25, 2017, 02:15:06 AM
 #185

The most valuable currency but in term of the most strongest rather powerful I think I will go for the fiat because the fiat is the medium of the currency of all over the world and I think no other currency can replace the fiat because all of the people can use that currency the fiat.


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lovesybitz
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June 25, 2017, 02:16:29 AM
 #186

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?

I don't think that bitcoin now is the strongest currency now in the world. Because it is still Dollars is the number one popular currency in
the whole world up to now. Though bitcoin now is very trending in different country.


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Meowth05
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June 25, 2017, 02:49:32 AM
 #187

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?
Nope. We can currently say that bitcoin is quite smaller against fiat money but it doesn't matter since as time goes by, crypo currency's volum is increasing thus there is a possibility that bitcoin isn't too small against fiat money/USD.

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June 25, 2017, 03:03:58 AM
 #188

It's not but it can be the strongest currency in the world as technology become modernized. We know that fiat money has the highest volume for currency but crypto currency might overcome it in future. No one knows when.

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June 25, 2017, 03:33:58 AM
 #189

No it isn't.
It's still gold and fiat.
But it would be because bitcoin is new.


It has been popular nowadays
and there are lots of supporters
So someday it would have the potential to become strong.

Bitcoin is growing and developing today. Although not yet very strong but I myself am very confident that bitcoin has a bright future and will be a strong currency. Because of the potential bitcoin there is. You can see the euphoria of new users


I think it is growing but not developing. And I think bitcoin is one of the strongest digital currency I know, if you think of it, bitcoin is not that of a good digital cuurency, there are many coins that can overcome bitcoin in terms of features, but bitcoin is the first, so I think it is the strongest digital currency.

What makes you think that bitcoin is only growing (in terms of adoption)  and not developing in (terms of technology)?  If you follow bitcoins github, you can see lots of commit and proposal in there, recently bitcoin had its RSK, (smart contract)  and there are lots of proposal about scaling. Is not this development?  Bitcoin maybe not the strongest currency in the world but it is the strongest decentralized digital currency in the world.

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June 25, 2017, 04:31:33 AM
 #190

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.
If we look at the world population and then the usage of currency we will come to know the fact that not only the bitcoin but as a whole the crypto currency is used by less than the 1% of the world population.
According to the statistics I can say that the Bitcoin is not the strongest currency because it is not the trusted currency at any forum.

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June 25, 2017, 05:35:28 AM
 #191

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.
If we look at the world population and then the usage of currency we will come to know the fact that not only the bitcoin but as a whole the crypto currency is used by less than the 1% of the world population.
According to the statistics I can say that the Bitcoin is not the strongest currency because it is not the trusted currency at any forum.
Exactly, The bitcoin have the highest price than any other currency but does not mean that bitcoin is the strongest currency in the world because the strongest is that almost all of the people are using and that is the real money because each individual can use it.


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June 27, 2017, 07:08:09 PM
 #192

Nope, not yet. We can still say that it's quite strong compared to other cryptocurrencies but it can still be hardly called a "currency" by some people, despite being recognized by some countries as legal. It still haven't even reached the consciousness of many people. For some who do get into it, it's more an investment, rather than a currency being used.

many people don't see bitcoin as a currency yet. Right now it's a way of earning money and i think in the next couple of years, it will remain that way until the price of bitcoin stabilizes and then it may be considered as a real currency in the likes of dollar and fiat in gemeral. And more people are now already aware of btc not just few.

Many people are just in for the profits so I doubt it would stabilize any time soon. They love the fluctuations since that's where they earn money from. With the current way things are, it would still be far off to see people using this to pay stuff instead of cash or credit card.
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June 27, 2017, 10:21:30 PM
 #193

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 is not the strongest currency but can be the predominant means of wealth storage. Bitcoin is valuable, and has the potential to be the best currency because of its unique features. It has to be develop over time.

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June 28, 2017, 06:26:40 PM
 #194

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.
Well the problem is actually of the communication. Both the US dollar and bitcoin are the real one if the bitcoin or the USD were not real then why would people trust it. The only difference in them is that the USD is a tangible asset while bitcoin is intangible asset. So, I guess the debate is over Smiley

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June 28, 2017, 11:01:29 PM
 #195

Not at all, the volatile nature of the bitcoin doesn't make it strongest currency. Strongest currency should have low volatility and high stability in price. Bitcoin is no.1 cryptocurrency and one of the famous currencies of world but not the strongest.



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June 29, 2017, 06:22:30 AM
 #196

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.
No doubt that the bitcoin is the latest and smart technology but the rules and the tools that defines a currency as a strong one don’t fit bitcoin at the moment. We can say that the bitcoin currently is the strongest one in the crypto world but comparing it with the other currencies in the world is not fair.

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June 29, 2017, 06:36:15 AM
 #197

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?
US dollars has been the strongest currency till now.It has been the global reserve currency since past seventy years.Its in its final stage of global reserve currency.Bitcoin has been predicted that it would be the sixth largest reserve currency in 2030.So,it would take long time for bitcoin to become strongest currency.

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June 29, 2017, 06:57:35 AM
 #198

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.
No doubt that the bitcoin is the latest and smart technology but the rules and the tools that defines a currency as a strong one don’t fit bitcoin at the moment. We can say that the bitcoin currently is the strongest one in the crypto world but comparing it with the other currencies in the world is not fair.
When I think of strong it is something that is control by the government since they are the one who implement the law.
Bitcoin is just popular but not strong enough as anytime we can see the market crash when there is a real bad news that will trigger the investors to sell their bitcoins due to panic. I just hope it will be fairly regulated and be used by government agencies so they will also have an interest on it.

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June 30, 2017, 08:03:56 AM
 #199

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?
US dollars has been the strongest currency till now.It has been the global reserve currency since past seventy years.Its in its final stage of global reserve currency.Bitcoin has been predicted that it would be the sixth largest reserve currency in 2030.So,it would take long time for bitcoin to become strongest currency.

One of the hottest investments right now perhaps but certainly not the strongest currency. Many doesn't even consider it a currency at this point yet, they got into bitcoin to earn moneh through it's volatile price movement. It may take a long time or it may even never happen that btc will beat out regular fiat currencies like the dollar.

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June 30, 2017, 09:51:37 AM
 #200

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.
Well the problem is actually of the communication. Both the US dollar and bitcoin are the real one if the bitcoin or the USD were not real then why would people trust it. The only difference in them is that the USD is a tangible asset while bitcoin is intangible asset. So, I guess the debate is over Smiley
Yes we can over it here. But the question is that to explain further to get information. Both are real but USD is not much valuable now a days because bitcoin is holding records in a market therefore bitcoin is better which is intangible asset. But more powerful than USD. So if the economy of US is become a week then the dollar price will be fall where in bitcoin the price will be never fall. It will grow day by day. So, I believe that both are real but difference are a lot of between them.
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