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Author Topic: Is bitcoin now the strongest currency in the world?  (Read 33120 times)
magmar
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July 16, 2017, 03:58:12 AM
 #301

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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July 16, 2017, 05:38:22 AM
 #302

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.
that is true , strong doesn't mean have to high value .

before bitcoin exist , the highest value among world currency are KWD yes it is kuwaiti dinar it has value around 3.3 USD but it is not considered as the strongest one right? as i believe to measure how strong a currency are based on how much people interest and how much people use it in daily basis, currently USD are the one which are in that criteria.

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July 16, 2017, 05:46:52 AM
 #303

Absolutely the strongest. I mean, what else could lose 50% of its value overnight and still be 30x more valuable than the next "strongest" currency?


I agree.  Hopefully, more people will realize its importance. 
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July 16, 2017, 09:38:44 AM
 #304

Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).
I think it's no too. Because bitcoin needs to take more time to wait all legal currencies to fall down just to make bitcoin the strongest currencies in the world. As of now we all know that bitcoin is still the strongest cryptocurrencies because of its greatness and more potential.

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July 16, 2017, 10:46:26 AM
 #305

Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).
Yes it is not the strongest currency, because not all people are using it, not all people know that this currency exist. So conpared to old currency like paper currency or even gold are stonger than bitcoin I think. But if everyone are starting to use this, I vet this will be a strong currency. Stronger than any other altcoins.

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July 16, 2017, 11:34:44 AM
 #306

Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).
Yes it is not the strongest currency, because not all people are using it, not all people know that this currency exist. So conpared to old currency like paper currency or even gold are stonger than bitcoin I think. But if everyone are starting to use this, I vet this will be a strong currency. Stronger than any other altcoins.

Soon many will be aware that bitcoin exist,it is not popular yet since only few countries implemented it ,and only few facilities made for it. When businessmen already set their mind on putting facilities little by little it will be known and can be a stronger currency.

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July 16, 2017, 11:53:41 AM
 #307

I think that folks doesnt know the power of bitcoin. Bitcoin is potential breakthrough now and in the future as well. The price is regardless of current situation and it shouldn't be mixed up in the future. It will rise surely in the future and after the corrections are being made. People are unaware of these things but when they become one they will start working on it too. But that would be probably late for them to get started.


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July 16, 2017, 12:00:55 PM
 #308

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?
Whatever the people say about the Bitcoin but reality can't be hide by saying just few words about Bitcoin , the main reason about this is that you can't make trade at any exchange easily without Bitcoin and also few of the exchange only offers to buy altcoins with only Bitcoin medium , so how those people are saying Bitcoin is small .
May be few people can feel that Bitcoin is no more powerful go up because already the price is at high , but still here Bitcoin is more powerful for the future growth because Bitcoin has the legality to be use by the people to use in the country to country but another altcoins doesn't have .
So how can we believe btc is small , just ignore such type of people and get into btc with trust and don't think negative .


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July 16, 2017, 12:15:57 PM
 #309

Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).
Yes it is not the strongest currency, because not all people are using it, not all people know that this currency exist. So conpared to old currency like paper currency or even gold are stonger than bitcoin I think. But if everyone are starting to use this, I vet this will be a strong currency. Stronger than any other altcoins.
There can be multiple different factors other than how many people are using and how many people are aware of it to measure a strongest currency. I mean to say the concepts are more important to conclude a currency is stronger or not and not just the user base. This way I am very confident and believing bitcoin must be the strongest currency so for in human history.

Because we had never got such a decentralized system with the all economical development. This type of new revolution concepts makes bitcoin as strongest a currency in my opinion.
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July 16, 2017, 01:07:31 PM
 #310

See how the prices are diving now. Bitcoin has lost more than 30% of its value during the last 3 days, and I believe that by August 1, we will be ready to witness exchange rates below $1,000 per coin. Strong currencies don't get decimated like this.

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July 16, 2017, 01:08:50 PM
 #311

I think that folks doesnt know the power of bitcoin. Bitcoin is potential breakthrough now and in the future as well. The price is regardless of current situation and it shouldn't be mixed up in the future. It will rise surely in the future and after the corrections are being made. People are unaware of these things but when they become one they will start working on it too. But that would be probably late for them to get started.
Bitcoin to be one of the world's economic forces today. We all have known bitcoin in 2009 and now there are still many who do not know bitcoin, I think they are the less fortunate. They eliminate the opportunity to use bitcoin in a long time. yes bitcoin will always be in demand at the moment and will be one of the most major currencies, just look at the current price of bitcoin was at 2000USD rates and some time ago had touched 2800USD.



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July 16, 2017, 02:29:10 PM
 #312

Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).
Yes it is not the strongest currency, because not all people are using it, not all people know that this currency exist. So conpared to old currency like paper currency or even gold are stonger than bitcoin I think. But if everyone are starting to use this, I vet this will be a strong currency. Stronger than any other altcoins.
Yes it’s not yet the strongest currency today but it has a potential that it will be better than any currency in the future. Bitcoin must be popular to each country before that and it bad perspective must be erase in order to embrace it by the government. It’s not yet very popular as other currency but it’s strong that any currency don't have.

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July 16, 2017, 05:19:38 PM
 #313

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.
It’s good that bitcoin is expending day by day and making its place in the world economy. However bitcoin is still ways far from to be known as the world strongest currency.

It will take decades and more improvements need to be brought in the bitcoin which could make it the strongest economy of the world. It can’t be said that bitcoin will become the strongest currency of the world over the night.

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centralbanksequalsbombs
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July 16, 2017, 07:07:52 PM
 #314

Here is definition of strong with one simple question:

In approximately 5 years from today (year 2022) you need to spend money on one of the following big ticket items. In your account which would you rather hold a certain amount of: fiat currency (ie USD EUR INR CNY) or Bitcoin?

-Paying one full year worth of apartment/house rent in an expensive city in your country
-Affording healthcare/hospital expense for someone in your family
-Moving to another country and paying related costs
-Paying for higher education at a nice school for a family member
-Helping start a business and pay labor costs for yourself or friend/family

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July 16, 2017, 07:38:59 PM
 #315

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.
Bitcoin is the strongest of the cryptocurrency because almost all the alts depend upon the bitcoin and the price increase and decrease of the bitcoin has a great impact on the price of the alts. So, this makes bitcoin the strongest currency of the crypto world.

But when talking about the world’s currency and the ranking of bitcoin in front of these currencies is still too behind, bitcoin is a progressing currency and not known in many places in the world yet.

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July 16, 2017, 11:53:21 PM
 #316

I think that folks doesnt know the power of bitcoin. Bitcoin is potential breakthrough now and in the future as well. The price is regardless of current situation and it shouldn't be mixed up in the future. It will rise surely in the future and after the corrections are being made. People are unaware of these things but when they become one they will start working on it too. But that would be probably late for them to get started.
Bitcoin to be one of the world's economic forces today. We all have known bitcoin in 2009 and now there are still many who do not know bitcoin, I think they are the less fortunate. They eliminate the opportunity to use bitcoin in a long time. yes bitcoin will always be in demand at the moment and will be one of the most major currencies, just look at the current price of bitcoin was at 2000USD rates and some time ago had touched 2800USD.
to me currently i do not think that bitcoin number one currency of the world but  in crypto world it is really  number one currency of the crypto world. i think in future bitcoin will be the number currency of the world when all the people of the world start using bitcoin.i am sure that the bitcoin users are increasing from time time and hope that very soon bitcoin will have a good community.

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centralbanksequalsbombs
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July 17, 2017, 02:14:36 AM
 #317

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.
Bitcoin is the strongest of the cryptocurrency because almost all the alts depend upon the bitcoin and the price increase and decrease of the bitcoin has a great impact on the price of the alts. So, this makes bitcoin the strongest currency of the crypto world.

But when talking about the world’s currency and the ranking of bitcoin in front of these currencies is still too behind, bitcoin is a progressing currency and not known in many places in the world yet.

Oh, so does that mean today, you'd rather keep in your account to hold for five years either Indian Rupees or US Dollars?? And not Bitcoin??

That in five years, your fiat will be better enabling you to afford the cost of:

-Paying one full year worth of apartment/house rent in an expensive city in your country, or
-Affording healthcare/hospital expense for someone in your family, or
-Moving to another country and paying related costs, or
-Paying for higher education at a nice school for a family member, or
-Helping start a business and pay labor costs for yourself or friend/family

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July 17, 2017, 02:24:34 AM
 #318

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?
The bitcoin network extends all over the world. But I think this is not the strongest currency in the world. To do this is a problem, the current bitcoin has a place in the electronic money market has not been through the daily life.

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centralbanksequalsbombs
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July 17, 2017, 02:48:21 AM
 #319

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?
The bitcoin network extends all over the world. But I think this is not the strongest currency in the world. To do this is a problem, the current bitcoin has a place in the electronic money market has not been through the daily life.

So...your daily iife will never have any of the following 5 years from today?

   -Paying one full year worth of apartment/house rent in an expensive city in your country, or

   -Affording healthcare/hospital expense for someone in your family, or

   -Moving to another country and paying related costs, or

   -Paying for higher education at a nice school for a family member, or

   -Helping start a business and pay labor costs for yourself or friend/family

That your choice today is to ignore Bitcoin for your account and just keep with Indian Ruppee or US Dollars or Euro, current fiat for your daily life needs for the years to come.

Just so everyone is clear on what you are saying.

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July 17, 2017, 05:01:38 AM
 #320

Absolutely the strongest. I mean, what else could lose 50% of its value overnight and still be 30x more valuable than the next "strongest" currency?


I agree.  Hopefully, more people will realize its importance. 
I agree, it depend its demand of buying price of the money.

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