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Author Topic: Is bitcoin now the strongest currency in the world?  (Read 32728 times)
The_Dark_Knight
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July 11, 2017, 02:49:27 AM
 #261

As by value , bitcoin still the strongest currency but on second position, ETH really attempt to take bitcoin existency by seeing their transaction traffic recently.
It's quite shock because ETH able to beat LTC's second position

Uhhhh. kindly read the thread. we're not talking about cryptocurrencies here, were talking about every currency and that includes our paper money and the cryptocurrencies as

well. sad to say bitcoin is not even close to strongest as of now, but it do have a great potential. imo bitcoin doesn't need to be the strongest what it needs right now is a massive

adoption. let's see what will happen in the next few years.
I don't even consider bitcoin as a currency if to be compared with the legal currency but in crypto world surely this is the strongest since it has the biggest marketcap as of the moment and it's very positive it will remain on top for at least a century, but we do not know what will happen so let's invest at our own risk. Talking about paper money or digital money which is under the regulation of the government, I think bitcoin cannot compete with it because it is purely just a fuel to make a transaction using fiat and without fiat bitcoin is useless.
But why do you think bitcoin cannot be compared to fiat? Even if you think the comparison is not going to favor bitcoin, we can make the comparison since bitcoin is a currency, a currency with some troubles but at the end it has all the characteristics of a currency.

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July 11, 2017, 03:04:18 AM
 #262

I think it is not the most powerful currency in the world right now. But in the future it may become the strongest currency. Bitcoin can beat the US dollar and other currencies, even dominating the stock market
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July 11, 2017, 05:24:10 AM
 #263

I think it is not the most powerful currency in the world right now. But in the future it may become the strongest currency. Bitcoin can beat the US dollar and other currencies, even dominating the stock market
What is your basis, fiat is the most powerful because it's back by the government while bitcoin is not fully back by the government.
Also, they have different definition as currency, fiat is the legal one.

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July 11, 2017, 06:06:54 AM
 #264

How can this question even be asked when the bitcoin market cap is 38.42B and the companies in the US alone range close to 39 trillion, you simply can't compare the two, you can transact in USD globally while you can hardly buy a pizza with bitcoin.

Not to mention the fact BTC has no automatic stabilizers inbuilt to handle inflation.

I agree it's a great investment, but if you think BTC will be the next USD you may be disappointed.

Just my opinion.
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July 11, 2017, 06:24:45 AM
 #265

i think until now bitcoin is not the strongest currency in the world because not the most people in the world is using bitcoin and they still use fiat for daily. comparing with total population in the world, the user of bitcoin is less than all people so we need to spread news about bitcoin into many place beside that bitcoin is not yet approve in many country and only few country approve bitcoin. once many people using bitcoin for transaction and with the price is increase, i think that is the time for bitcoin to be the strongest currency in the world.
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July 11, 2017, 11:09:51 AM
 #266

Bitcoin is now the strongest crypto currency in the world and I think it will always be the strongest in the world of crypto currency, because it is also an investment opportunity.

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July 11, 2017, 03:28:01 PM
 #267

Bitcoin is now the strongest crypto currency in the world and I think it will always be the strongest in the world of crypto currency, because it is also an investment opportunity.
Yes right, currently bitcoin is the strongest cryptocurrency, this is because bitcoin users are the biggest and everyone will refer bitcoin as the main choice. But I believe someday there will be coins that beat bitcoin.

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July 11, 2017, 04:14:37 PM
 #268

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 can become the strongest currency in the future, and we need to invest more to develop it. Bitcoins will be known and widely used and will be more popular than other currencies.

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July 11, 2017, 11:05:36 PM
 #269

Bitcoin can't be fully defined as a current at all it is a asset or a investment platform. It really has a value but when we use currency when don't have to pay any additional fees at the time of making the payment. Tax is there but it isn't as high as current bitcoin fees. A currency is accepted mostly everywhere but bitcoin has reached to that level. The topic is should have been bitcoin is one of the best asset in the world.
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July 11, 2017, 11:38:27 PM
 #270

Not even near, it needs time. Indeed it's a revolutionary phenomenon among currencies, but not the strongest at this moment.
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July 12, 2017, 12:31:05 AM
 #271

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. However with regards to you your topic question, bitcoin is currently not the strongest currency in the world since USD still in first place. Probably in future bitcoin could be the strongest currency in the world.

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July 12, 2017, 12:56:15 AM
 #272

Strongest crypto-currency maybe but strongest currency I think not yet but base on the performance of bitcoin today it has been growing fast and being known to more people in later time when bitcoin became more popular I guess I will not be surprise if it will be consider the strongest currency in the future.

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July 12, 2017, 02:53:37 AM
 #273

Strongest crypto-currency maybe but strongest currency I think not yet but base on the performance of bitcoin today it has been growing fast and being known to more people in later time when bitcoin became more popular I guess I will not be surprise if it will be consider the strongest currency in the future.
When time comes that bitcoin in each country have more facilities and can be used instantly ,it can be considered the strogest currency but not yet this time. So for the mean time we just need to earn it and save some so if ever time comes we already have that so called storongest currency at hand.

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July 12, 2017, 03:00:40 AM
 #274

Strongest crypto-currency maybe but strongest currency I think not yet but base on the performance of bitcoin today it has been growing fast and being known to more people in later time when bitcoin became more popular I guess I will not be surprise if it will be consider the strongest currency in the future.
When time comes that bitcoin in each country have more facilities and can be used instantly ,it can be considered the strogest currency but not yet this time. So for the mean time we just need to earn it and save some so if ever time comes we already have that so called storongest currency at hand.

Bitcoin can be treated as the strongest digital currency but it has not yet taken over the world and still it needs lot of improvements and acceptance from the society and when majority of the world will start using it at that time it can be called as an most powerful currency but still long way to go.
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July 12, 2017, 04:14:28 AM
 #275

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?

Its not actually a currency is probably the argument to that.  Online exchange secure tokens but with backing of no kind and its not sufficiently liquid ?   Not quite sure the definitions required but the negatives stated by the stock exchange vs ETF floating as a stock is probably roughly in line with why its not seen as a currency or even valid commodity.  

So in that context you have to rate BTC vs absolutely every price for anything.   Not sure if its the best then, seems the most easily tradable best performer to me though.

https://en.wikipedia.org/wiki/Hard_times_token



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July 12, 2017, 10:59:45 AM
 #276

Strongest crypto-currency maybe but strongest currency I think not yet but base on the performance of bitcoin today it has been growing fast and being known to more people in later time when bitcoin became more popular I guess I will not be surprise if it will be consider the strongest currency in the future.
When time comes that bitcoin in each country have more facilities and can be used instantly ,it can be considered the strogest currency but not yet this time. So for the mean time we just need to earn it and save some so if ever time comes we already have that so called storongest currency at hand.

Bitcoin can be treated as the strongest digital currency but it has not yet taken over the world and still it needs lot of improvements and acceptance from the society and when majority of the world will start using it at that time it can be called as an most powerful currency but still long way to go.

Where did that even come from? a lot of people wouldn't evem consider btc to be a currency but something they can earn money from. You're right btc still has a long way to go and possibly there would be a lot of room for improvements but its not going to be the strongest currency, not in a long time.

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July 12, 2017, 04:23:18 PM
 #277

Can not be denied again that currently bitcoin is the world's strongest currency, the price of 1 bitcoin equal to $ 2500 and marketcap has reached more than 45 billion dollars.
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July 12, 2017, 04:34:17 PM
 #278

Can not be denied again that currently bitcoin is the world's strongest currency, the price of 1 bitcoin equal to $ 2500 and marketcap has reached more than 45 billion dollars.
The price of the currency is not talking about her power. It seems to me that the strongest currency at the moment is the us dollar. You can disagree with me, but that's my opinion. The dollar is the currency of the country with the strongest economy in the world. If the Federal Bank will withdraw from circulation all the dollars that the price will be higher than bitcoin.

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July 12, 2017, 10:35:18 PM
 #279

i think it is , as far as i know ,theres no other cryptocurreny or other currency thats more expensive than bitcoin , we all knew that bitcoin reaches 2000$ right now , so is there other currency thats more expensive than bitcoin? apparently theres no other coin thats worth 2000$ or up other than bitcoin

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July 12, 2017, 10:53:41 PM
 #280

Strong is a very subjective word. Bitcoin is much more scarce than any other currency, there is a fixed supply. It is even more scarce than gold. But as far as strongest currency, nothing can compare to USD right now.
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