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Author Topic: Is bitcoin now the strongest currency in the world?  (Read 41032 times)
Divyam96
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September 18, 2017, 05:40:56 PM
 #621

No I don't think that bitcoin is the strongest currency in the world even though it has the potential of becoming the strongest currency of the world because it is not accepted by all of the people. Some say it's illegal. This is because it is not standardised form of currency.

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September 18, 2017, 06:50:00 PM
 #622

Here is the definition of currency: A system of money in general use in a particular country.

And based on this circumstance, yes it matters that bitcoin is too small!

You are somehow right. The explanation of currency is true.Any currency used as money .But one thing is false.I.e the value  of bitcoin.Bitcoin is the king of Altcurrency.The price of bitcoin  reaches 4000$.Since from the past one week later it's very thought see the  value of 4000$.Later the price will reach the value of 4600$.Soon the bitcoin holders have the highest price for their long term saving

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September 18, 2017, 06:55:34 PM
 #623

Well yes I do agree with that statement but we can't declare Bitcoin as the strongest currency in the until the whole world knows about it and has faith in it.
Though it has surpassed every currency in the world right now but that doesn't make it strong enough to replace a currency as the strongest.
It should also have a stable value.
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September 19, 2017, 06:11:28 AM
 #624

I think it is still not the strongest, some people doesn't know bitcoin, maybe when the time that bitcoin is become more popular that even a little boy/girl knows bitcoin thats the time that maybe bitcoin become strongest. Still a lot of people don't have bitcoin right now.



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September 19, 2017, 08:26:29 AM
 #625

I think it is still not the strongest, some people doesn't know bitcoin, maybe when the time that bitcoin is become more popular that even a little boy/girl knows bitcoin thats the time that maybe bitcoin become strongest. Still a lot of people don't have bitcoin right now.
Bitcoin is not getting stronger but not the strongest for sure, we know that very well because we are active in the community and in the crypto world.
Based on the estimate, number of users are still less than 5% of the total population and that adoption is an evidence that i's not strong enough as some people are thinking. We believe that bitcoin is here to stay and we should continue to support and promote it to be more successful.

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September 19, 2017, 08:59:50 AM
 #626

Bitcoin is still younger to reach that stage.It has just crossed its primitive stage of eight years and yet a long journey has to go.Bitcoin is just now getting legalized in some countries.Most countries still have not legalized it due to its high volatility.Bitcoin could be used as a secondary currency and it is very hard for bitcoin to replace USD which is enjoying the position of global reserve currency for the past seventy years.Only if its price gets stabilized in future,it may be considered to become the strongest currency and i think its very hard for bitcoin price to get stable.


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September 27, 2017, 04:49:27 AM
 #627

The strongest currency in the world is still the US $, thereafter probably the Yuan. The strongness of a currency also depends on its market cap and if you compare bitcoin with the US $, Yuan or Euro, you will see that its market cap is relatively low.
No bitcoin cannot be regarded as the strongest currency in the world because of following reasons:
Not a legal crypto currency till now.
In case of crisis who will pay the peoples loss.
It is still dependent on USD.
Volatile in nature because of various issues.


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September 27, 2017, 05:39:02 AM
 #628

For me is nah, a currency without its own market is unstable. Since the current price of Bitcoin is due mainly to people rushing to get their hands on it or due to the demand. Bitcoin doesn’t have its own economy to represent so there will still be a high chance that the price of Bitcoin will lessen. And as of this time even if the price of Bitcoin reached $10,000 to one bit as per the what the economists or Bitcoin enthusiasts are expecting its still unstable and will fluctuate a lot.
As far as i think it is still not the strongest currency in the world. The potential that bitcoin has to take serious as it is increasing its value and it will soon be compared to best currencies in the world. So just wait and see what happens in the near future.

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September 27, 2017, 06:52:59 AM
 #629

For me is nah, a currency without its own market is unstable. Since the current price of Bitcoin is due mainly to people rushing to get their hands on it or due to the demand. Bitcoin doesn’t have its own economy to represent so there will still be a high chance that the price of Bitcoin will lessen. And as of this time even if the price of Bitcoin reached $10,000 to one bit as per the what the economists or Bitcoin enthusiasts are expecting its still unstable and will fluctuate a lot.
As far as i think it is still not the strongest currency in the world. The potential that bitcoin has to take serious as it is increasing its value and it will soon be compared to best currencies in the world. So just wait and see what happens in the near future.
Bitcoin can be considered as one of the strongest currency because even there are times and problems that we thought that bitcoin will destroyed then bitcoin still proves that we are wrong and it can still fight those threats and make them eat dust and continue to go up and prosper and i think that is an enough thing to say that bitcoin is one of the strongest currency in the world.

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September 27, 2017, 01:29:45 PM
Merited by Liza Soberano (2)
 #630

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 think for now, bitcoin can not be the strongest currency in the world. Why? Bitcoin currency always change the amount and can not sustain it's highest amount. But, bitcoin may considered as one of the strongest currency in the world even if have problem sometimes in terms of on how it will increase or  how many investor invest on this kind of industry. On the other hand, the amount of one Bitcoin is good enough to be it will considered as one of the highest money in the world.

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September 27, 2017, 05:25:33 PM
 #631

Yes, bitcoin now the strongest currency now, because bitcoin is world top performing currency today, and now its still strongest. Even if the price is high or low more people are attract and convince invest on bitcoin. Bitcoin is strongest currency as i can see because of its profitable and valuable. Still bitcoin was the number one strongest currency in the world and i think its become more very popular to all countries and to the people. Because bitcoin has potential and best in investment and good source of income.

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September 27, 2017, 05:29:06 PM
 #632

Bitcoin nowadays is maybe the more valuable currency in the world, but it is not yet the strongest currency, because it is not yet used by the largest community worldwide. It is still used by a small community compared to the users of the Dollar for example. But its increasing price lastly will invite more people to trading this crypto currency and to start investing in it
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September 27, 2017, 05:35:42 PM
 #633

Not even closer. USD still stronger.
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September 29, 2017, 12:09:27 PM
 #634

No its not much popular. Bitcoin is less illustrious than gold everyone know about gold because gold got media support. So its not strongest currency but its value is quite good. People on this forum like bitcoin more than Gold but in the world outside more than half the population of the world still have no idea of bitcoins. They only know Gold or Fiat currency like USD, Euro etc.

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October 04, 2017, 11:05:04 PM
 #635

"Some folks" would not issue and would not impact BTC since bitcoin has an higher benefit than any alternative coins it even surpass fiat and gold and now holds a far greater worth than any prime major currencies in the entire world. These people that promises bitcoin is to little does not have any idea on how extensive and popular bitcoin that even surpasses the features of fiat for instance you can make rapid transactions by sending and obtaining millions of your cash and receives confirmed in minutes in contrast to fiat that might just take times and substantial costs and also the threat of it being hacked is substantial. It is flexibility from the exploitation's and tyranny from bankers.
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October 05, 2017, 01:12:46 AM
 #636

Bitcoin is the strongest currency in the world? Maybe it's value is so high compared to other currency'd value, but that doesn't mean it is the strongest currency. Remember, not all people know about bitcoin it is less popular than other currency and some other countries also doesn't recognize or allow bitcoin in their country it id banned to them. So I think dollar is still the strongest currency in the world for now, dollar is known around the world and is allowed to any country.

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October 05, 2017, 01:27:17 AM
 #637

Bitcoin is the strongest currency in the world? Maybe it's value is so high compared to other currency'd value, but that doesn't mean it is the strongest currency. Remember, not all people know about bitcoin it is less popular than other currency and some other countries also doesn't recognize or allow bitcoin in their country it id banned to them. So I think dollar is still the strongest currency in the world for now, dollar is known around the world and is allowed to any country.

In crypto world btc is the strongest, but in real fiats its still dollars, even the economic of America were said to be at it's fall, dollar still on the top of the currencies.

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October 05, 2017, 01:34:49 AM
 #638

Bitcoin is the strongest currency in the world? Maybe it's value is so high compared to other currency'd value, but that doesn't mean it is the strongest currency. Remember, not all people know about bitcoin it is less popular than other currency and some other countries also doesn't recognize or allow bitcoin in their country it id banned to them. So I think dollar is still the strongest currency in the world for now, dollar is known around the world and is allowed to any country.


Because dollar is one of the global currency along euro and yen. These are accepted and traded worldwide that's why these are the strongest currencies. I don't think bitcoin is not yet in that level because it is not yet that widely known and still many people don't have an idea what it is. For us who are already in the crypto world, it seems so popular to us but if we try to randomly ask someone about bitcoin then maybe they would have no idea about it especially those who are so busy in their jobs that they don't have time to be engage in online world.

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October 05, 2017, 02:17:58 AM
 #639

Bitcoin has not yet become the strongest currency.It has been just legalized in one or two countries.USD has been still enjoying the status of strongest currency in the world as it has been the global reserve currency since past seventy years.It is accepted universally.But still,majority of world population don't know about bitcoin.Bitcoin has to first get legalized in all countries,then only it could get accepted world wide so that it could replace USD as the strongest currency in the world.

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October 05, 2017, 03:14:37 AM
 #640

Bitcoin has not yet become the strongest currency.It has been just legalized in one or two countries.USD has been still enjoying the status of strongest currency in the world as it has been the global reserve currency since past seventy years.It is accepted universally.But still,majority of world population don't know about bitcoin.Bitcoin has to first get legalized in all countries,then only it could get accepted world wide so that it could replace USD as the strongest currency in the world.

I agree. We are still in the process where many countries are still undecided if they will go with bitcoin or not. Only a small percentage of the total population of a specific country knows what is going on. We should spread more awareness and support it by using it.

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