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Author Topic: Is bitcoin now the strongest currency in the world?  (Read 41032 times)
Gumpfire
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July 13, 2017, 02:11:01 AM
 #281

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 bitcoin is still not the strongest currency in the world it is still US dollar. We should need to wait for bitcoins to be approved by the government and make it a legal currency and maybe this is the chance that bitcoin could the strongest currency in the world.

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July 13, 2017, 08:42:30 AM
 #282

Yeah right, the current price of around $2400 and is bitcoin is the biggest and strongest, 10 more years price bitcoin will reach more than $25.000 so bitcoin is the strongest currency.

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July 13, 2017, 09:14:40 AM
 #283

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?

We have a lot to evaluate a strong currency not only when it is high but it depends on many other factors. Such as popularity, payment methods, security, etc. So, I think Bitcoin is not the most powerful currency because so few people know it.

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July 13, 2017, 10:37:40 AM
 #284

Bitcoin is not yet at the right age to compete head to head with the current fiat currencies in any country. Yes, it is being used worldwide but too early to be compared to USD for example. And especially right now when a split is coming our way, I don't think bitcoin is as stable as the established as fiat currencies. It will find its perfection though as it grows older. 



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July 13, 2017, 11:07:01 AM
 #285

I can't say yes, because Dollar, Poundsterling, Euro and even other real currencies is more strongest than bitcoin. Because there are still many people that don't know about bitcoin, how to be the strongest if the people don't even know bitcoin ? But for online currencies, i can say yes.
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July 13, 2017, 11:18:11 AM
 #286

Yeah right, the current price of around $2400 and is bitcoin is the biggest and strongest, 10 more years price bitcoin will reach more than $25.000 so bitcoin is the strongest currency.

Although we've seen the fall during the last days, I agree that the future of bitcoin is bright. It will become the strongest currency in the world sooner or later. Just don't panic sell now, guys and girls, it will recover in less than a month.














 

 

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July 13, 2017, 01:41:27 PM
 #287

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.
yes that is right that still USD is the most popular and strongest currency of the world, but will the passage of time as soon as bitcoin is becoming popular, bitcoin is becoming stronger from time to time. i am sure that very soon bitcoin will be the most popular and strongest currency of the world.
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July 13, 2017, 01:55:19 PM
 #288

Just how do we determine bitcoins strength to other currencies because btc price alone is not enough to say its the strongest as compared to currencies like the US dollar which has a far better market in terms of demand, government backing and its known world over with no legal sanctions what so ever. I think bitcoin needs more years to be compared with fiat currencies.


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July 13, 2017, 02:07:28 PM
 #289

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.
yes that is right that still USD is the most popular and strongest currency of the world, but will the passage of time as soon as bitcoin is becoming popular, bitcoin is becoming stronger from time to time. i am sure that very soon bitcoin will be the most popular and strongest currency of the world.
From time to time the growth happening with bitcoin is big and the same could take bitcoin to the peak. For the same I don't think that bitcoin will be termed as the strongest currency in the world. In my view as it is at present, will serve as one among the strongest currency.

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July 13, 2017, 07:40:02 PM
 #290

I do not think so. The USD is still being used in many countries and the USA know how to supply and help other countries with their force and money. Therefore, we can see USD in almost countries on the world. Bitcoin is new and it is not used by many people yet. Bitcoin needs more time to develop and make more people to pay attention to it

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July 14, 2017, 08:47:15 AM
 #291

I do not think so. The USD is still being used in many countries and the USA know how to supply and help other countries with their force and money. Therefore, we can see USD in almost countries on the world. Bitcoin is new and it is not used by many people yet. Bitcoin needs more time to develop and make more people to pay attention to it

I agree. We are still too far from the point when all the people in the world would know bitcoin and were using it. But we are going in that direction step by step. Slowly but surely.

Bitcoin is the strongest currency in the world. The sooner one realises this the better for them.














 

 

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July 14, 2017, 08:59:49 AM
 #292

definitely not the strongest, transaction time is way too slow for any practical purposes. could you imagine standing in a store for 2 hours for your payment to clear?
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July 15, 2017, 12:48:59 AM
 #293

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
Price cannot be the only metric we use when it comes to measure the strength of a currency, I think after we finally get segwit activated then the strength of bitcoin will go up since now it will be able to process a larger number of transactions and also the power of miners will diminish a little.

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July 15, 2017, 01:46:38 AM
 #294

definitely not the strongest, transaction time is way too slow for any practical purposes. could you imagine standing in a store for 2 hours for your payment to clear?

for now, i think no one will want to standing in a store, but after everything is run smooth, transaction will be fast and we only need to wait less than 5 second to completed transaction. i am sure that we don't see slow transaction after segwit or other maintenance for the network is completed so this could make transaction works fast without having waiting too long.

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July 15, 2017, 02:02:59 AM
 #295

definitely not the strongest, transaction time is way too slow for any practical purposes. could you imagine standing in a store for 2 hours for your payment to clear?

I think if you are talking about transaction, it is not related about being strong but the efficiency of the digital currency. Bitcoin is said to be strong because it has a lot of users and supporters, even many people are earning other digital currency, they are just using it to convert it on bitcoin. So, as a digital currency bitcoin is the strongest.

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just_Alice
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July 15, 2017, 08:09:42 AM
 #296

definitely not the strongest, transaction time is way too slow for any practical purposes. could you imagine standing in a store for 2 hours for your payment to clear?

for now, i think no one will want to standing in a store, but after everything is run smooth, transaction will be fast and we only need to wait less than 5 second to completed transaction. i am sure that we don't see slow transaction after segwit or other maintenance for the network is completed so this could make transaction works fast without having waiting too long.

This^ and also even now we can use bitcoin for payments but not directly. If you have a bitcoin ATM in a shopping centre you can exchange your BTC for local money first and then go shopping. Takes 2 hours? Go see a movie during that time.  Smiley














 

 

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Labumi
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July 15, 2017, 03:04:20 PM
 #297

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.
yes that is right that still USD is the most popular and strongest currency of the world, but will the passage of time as soon as bitcoin is becoming popular, bitcoin is becoming stronger from time to time. i am sure that very soon bitcoin will be the most popular and strongest currency of the world.
From time to time the growth happening with bitcoin is big and the same could take bitcoin to the peak. For the same I don't think that bitcoin will be termed as the strongest currency in the world. In my view as it is at present, will serve as one among the strongest currency.

precisely, if we see from all the things there are in the world. Bitcoin is definitely not going to be currency for replacement of the original currencies that exist in the world, because the third party only as a bitcoin to help everyone do the distribution of money quickly and has a very cheap fee. Well, it is bitcoin is only going to be one of the strongest currencies. Just waiting for the time and surely it will be achieved, and now our job is just to figure out how best to get as quickly as possible get the bitcoin
 


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rhodelmabanal
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July 16, 2017, 03:34:44 AM
 #298

Bitcoin isn't the strongest currency for reasons stated, but it is among one of the most valuable.

Yes, I think they will have to suggests surveys because we couldn't say that people didn't know about bitcoin. They all know about credit cards turn into money but it doesn't seems that we withdraw on banks using bitcoins.

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July 16, 2017, 03:40:50 AM
 #299

Bitcoin isn't the strongest currency for reasons stated, but it is among one of the most valuable.


Yes, I think they will have to suggests surveys because we couldn't say that people didn't know about bitcoin. They all know about credit cards turn into money but it doesn't seems that we withdraw on banks using bitcoins.
yes i agree on you.i think this is not a strongest currency now a days but it is really have a great potential to be the strongest this coming next 4 years from now and so on and so fort.




















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July 16, 2017, 03:58:12 AM
 #300

Nah, gold is. But bitcoin has huge potential, even if limited by the State to "just" the black market.
Yes it's true, no matter where angle you see it bitcoin is just starting in the business. It has a huge potential though but as I said it is just starting, it's like its is just a baby for now. But I know that in the future, it will be. But for now gold is.


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