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Author Topic: Is bitcoin now the strongest currency in the world?  (Read 40056 times)
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September 03, 2017, 01:46:23 AM
 #561

Not yet even though it's worth $4000 - $4800 now. USD is still the strongest currency since it it recognize world wide. I know that bitcoin is recognized as well worlwide but a lot of people do not know and have no interest in cryptocurrency.

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September 03, 2017, 03:07:11 AM
 #562

In terms of digital currency yes but if in terms of real currency no. Still, the dollar is the strongest currency in the world. Yes bitcoin has a huge value but many country in this world does not allowed bitcoin. And besides you cannot use bitcoin without real currency because you need to convert in first into real currency so you can use it.
Talking about the present day, Bitcoin is of course not the strongest currency especially in the race of real paper money. But the way Bitcoin is progressing, we can expect it to be the strongest currency all across the world after a couple of decades or so.
Having a very high value doesn't make bitcoin the strongest currency ,
As there's a lot of factor to consider like how much percentage people around the world uses bitcoin ,
And compared to any other fiat currency , bitcoin is the lowest percentage ,
So we can't really say that , until the wide adoption happened.



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September 03, 2017, 03:16:23 AM
 #563

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 the strongest currency in the cryptocurrency and not in the world. Bitcoin can't surpass the fiat currency because bitcoin doesn't have a power. Bitcoin is still not popular in the world.

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September 03, 2017, 03:20:08 AM
 #564

Well when it comes in cryptocurrency yes, bitcoin is the best and the strongest crypto, because we all know that bitcoin has the most big value in cryptocurrency

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September 03, 2017, 06:25:19 AM
 #565

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 the strongest currency in the cryptocurrency and not in the world. Bitcoin can't surpass the fiat currency because bitcoin doesn't have a power. Bitcoin is still not popular in the world.

this is right, bitcoin is not yet become the strongest currency in the world, I think not now and we need more time to make it happen. but if in future, there will be more people attracted in bitcoin, maybe bitcoin will be the strongest one and maybe bitcoin will use as new currency, not just in online but in offline too.
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September 03, 2017, 06:35:58 AM
 #566

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 the strongest currency in the cryptocurrency and not in the world. Bitcoin can't surpass the fiat currency because bitcoin doesn't have a power. Bitcoin is still not popular in the world.

this is right, bitcoin is not yet become the strongest currency in the world, I think not now and we need more time to make it happen. but if in future, there will be more people attracted in bitcoin, maybe bitcoin will be the strongest one and maybe bitcoin will use as new currency, not just in online but in offline too.
Bitcoin is powerless even if it is the highest priced currency in the world. You know why? Because Bitcoin in order to be successful it needs the support of the government, they need to recognize Bitcoin first as a safe and reliable currency to be use in a transaction, additionally the consumers will need to be true on their income when it comes to Bitcoin earnings as this is a two way process in order for it to succeed.

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September 03, 2017, 06:43:08 AM
 #567

The opinions of the minority doesn't matter what matters is what do the majority of people think of this digital currency?
Well, for me it looks positive cause the price value and the dominance in the market is now stronger than ever especially with the rapid adaptation of merchants of this crypto currency as a payment method for their online or offline businesses even some countries have already legalize it and started using it like institutional investors. So the opinion of a small group of people dont matter. Surely they change their minds about bitcoin sooner.

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September 03, 2017, 08:56:26 AM
 #568

Well when it comes in cryptocurrency yes, bitcoin is the best and the strongest crypto, because we all know that bitcoin has the most big value in cryptocurrency
Based on the market bitcoin is obviously the most popular and valuable.
However, that is only inside the crypto currency because bitcoin cannot compete yet with legal currencies that are
regulated by the government but for private payment processors like paypal, we are going to beat them soon.

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September 03, 2017, 09:08:57 AM
 #569

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 the strongest currency in the cryptocurrency and not in the world. Bitcoin can't surpass the fiat currency because bitcoin doesn't have a power. Bitcoin is still not popular in the world.

It is not just measured in it's value because bitcoin is so volatile, if it is measured by it's value, we can say that bitcoin is becoming weak. I can say the number of users make it the strongest Digital Currency. It won't be surpassed by any other digital currencies because of the vastness of it's users. Though not that popular in the world, we can say that it has a lot of users in the world.



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September 03, 2017, 09:13:14 AM
 #570

Well when it comes in cryptocurrency yes, bitcoin is the best and the strongest crypto, because we all know that bitcoin has the most big value in cryptocurrency
Based on the market bitcoin is obviously the most popular and valuable.
However, that is only inside the crypto currency because bitcoin cannot compete yet with legal currencies that are
regulated by the government but for private payment processors like paypal, we are going to beat them soon.
The market capitalization of bitcoin has already exceeded the capitalization of PayPal. If bitcoin nothing is going to happen in a few years about PayPal no longer remember. It not only speaks about the power of bitcoin as a currency. He's still too weak. The constant fluctuations and lack of circulation is the main weakness of bitcoin.
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September 03, 2017, 09:37:57 AM
 #571

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?
How that folks can claim that bitcoin is too small? Can't they see that bitcoin is a fast growing cryptocurrency that has already been widely used worldwide? Imagine, it has already surpassed the gold price value for just a little time span from the year it was established. They are just making mere speculations about bitcoin because they cannot admit that bitcoin is now being a strong currency that can be aligned with the leading international currencies which are dollars, euros, etc. Bitcoin to be true is a fast phasing cryptocurrency.

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nkarm1
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September 03, 2017, 09:46:31 AM
 #572

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?
How that folks can claim that bitcoin is too small? Can't they see that bitcoin is a fast growing cryptocurrency that has already been widely used worldwide? Imagine, it has already surpassed the gold price value for just a little time span from the year it was established. They are just making mere speculations about bitcoin because they cannot admit that bitcoin is now being a strong currency that can be aligned with the leading international currencies which are dollars, euros, etc. Bitcoin to be true is a fast phasing cryptocurrency.

Those folks are from wayback March 22, 2013 😁. We can't blame them. Bitcoin at those time must be below or a little above $100 mark. Right now for sure they have imagine all those things seeing that after just 4 years Bitcoin is now $5000 per piece.
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September 03, 2017, 10:22:50 AM
 #573

Bitcoin could be much valuable than other local currency..but its not the strongest currency.. What if an instance happens  like all computer and internet connections are disappear for uncertain situation.. what the use of bitcoins..?

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September 03, 2017, 10:28:03 AM
 #574

Bitcoin is now the strongest crypto currency in the world and plans to continue developing as successfully as possible in order not to lose its first position in the rating. Although it is possible that everything can change.


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September 03, 2017, 01:13:35 PM
 #575



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 the strongest currency in the cryptocurrency and not in the world. Bitcoin can't surpass the fiat currency because bitcoin doesn't have a power. Bitcoin is still not popular in the world.




Indeed bitcoin is not even known to the half of the population in the world. Though they know about bitcoin not everyone will like the concept or believe it in the first place. Besides that bitcoin is not sufficient for all and not all he coins are in the circulation as well. This can be very dramatic. The currency holds price a lot of price but it doesn't mean it has captured the world economy or getting best in the world. The strongest stuff is fiat money which flows through one nation to another with price difference and keeps increasing daily for its demand.


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September 03, 2017, 01:21:04 PM
 #576

Bitcoin is probably one of the strongest investments of the past two years.
But a currnecy? I would not call it that anymore.
People stop to pay with bitcoin because of the increasing value. That is a clear sign we have an investment, not a currency.
But beyond that I must agree that the level of awareness for bitcoin in the world is permanently increasing.

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September 03, 2017, 01:56:32 PM
 #577

Bitcoin is probably one of the strongest investments of the past two years.
But a currnecy? I would not call it that anymore.
People stop to pay with bitcoin because of the increasing value. That is a clear sign we have an investment, not a currency.
But beyond that I must agree that the level of awareness for bitcoin in the world is permanently increasing.
Indeed, bitcoin is completely an investment and not a currency, yes we cannot deny that bitcoin can be use to pay the things that we buy but we cannot also deny that the price of bitcoin is increasing and selling bitcoin will just prevent us to earn more money in price appreciation so i think that bitcoin is more on investment type and it deserve to be kept for long term.

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September 03, 2017, 02:01:10 PM
 #578

I don't think that bitcoin is the strongest currency now. It's not yet too popular for me because in my country most of them didn't know about it yet. For me the strongest currency is based on the currency of which you are living. I am living in Philippines so the strongest currency for me is Philippine Peso.
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September 03, 2017, 02:01:56 PM
 #579

Definitely, no. Despite the increasing price of Bitcoin, it has no provision and its' volatility depends even on a fake news. We have to be honest - Bitcoin has bright future, but there should be done a lot to call it at least "one of the strongest currencies".

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September 03, 2017, 02:11:07 PM
 #580

Bitcoin is now the strongest crypto currency in the world and plans to continue developing as successfully as possible in order not to lose its first position in the rating. Although it is possible that everything can change.
Precisely, bitcoin is the strongest currency around the world in terms of digita currency but in fiat currency I would say that us dollar is the strongest. Us dollar is not only strong on its price but also in the market, as you can see most of the transaction dollar is always present. Anyway its just my opinion it depends on our place what is the strongest currency.

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