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Nathland
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October 16, 2017, 08:21:17 AM |
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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?
No. I don’t think that bitcoin is the strongest currency in the world because firstly it’s value is not stable which means that its price fluctuate very much. Secondly it is not regulated by any government or bank, which results in decrease in stability of it. Thirdly still after so many years since bitcoin had started, it is not accepted at most of the places and is used only underground. |
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beckspace
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October 16, 2017, 08:28:07 AM |
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It is impossible for Bitcoin to be the strongest money in the world right now, but this may happen in the future. People in the world need to know and use Bitcoin more.
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lordquanta
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October 16, 2017, 09:16:54 AM |
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Although, bitcoin is currently not the strongest currency, I believe
bitcoin has the potential to become the strongest currency.
Though, there have been some drop-downs at one time or the other,
bitcoin has over the years, risen steadily and I believe if it
continues to rise this way, it will surely become the strongest
currency in the next few years
Bitcoin growth has not been steady but exponential and more dynamic. Steady growth is where you could find a link in ups and downs with specific reason happened at those times. This is not the case with bitcoin, prices were rising even after china initially restricted exchanges for considerable amount of time. Prices rose or may i say skyrocketed with there was anticipation of bitcoin getting accepted by American SEC. Remember bitcoin ETF hype, even after the bitcoin ETF was rejected prices kept on rising. In fact this year saw one big spike to 5k and suddenly prices were at 35k and now there nearly touched 6k . All this withing span of 60 days. Strongest currency is a currency which has highest acceptance rate all over the world. Bitcoin is yet not there. |
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Lpim01
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October 16, 2017, 09:27:23 AM |
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Of course it is not and i am sorry to be pessimist i don't think it will ever be. It is fluctuating a lot especially lately and will continue to do so now that the fork is coming. But it is more predictable than fiat currency which makes it a way better investment.
Fluctuation may occur anytime even in fiat currency but it could be more vulnerable to happen in bitcoin price. Of course, still USD considered as strongest currency in the world but because of bitcoins popularity nowadays, most of us thinking of it as defeated USD. But in reality, bitcoin still on the road for that and maybe it will be considered in the coming years. |
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rarkenin
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October 16, 2017, 09:29:41 AM |
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Of course it is not and i am sorry to be pessimist i don't think it will ever be. It is fluctuating a lot especially lately and will continue to do so now that the fork is coming. But it is more predictable than fiat currency which makes it a way better investment.
Fluctuation may occur anytime even in fiat currency but it could be more vulnerable to happen in bitcoin price. Of course, still USD considered as strongest currency in the world but because of bitcoins popularity nowadays, most of us thinking of it as defeated USD. But in reality, bitcoin still on the road for that and maybe it will be considered in the coming years. Comparing fiat to bitcoin is useless.Both are used for payment and investing tool. But dominance payment method will chosen by humans.Volatility of bitcoin is main problem and transaction fees are higher than old days. |
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doch
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October 16, 2017, 01:36:00 PM |
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In crytocurrencies globe, I believe bitcoin was the strongest forex. But in truth bitcoin is only a single of the cash that starting to be popular. Nevertheless, I think someday bitcoin was achieve the place of getting strongest forex in the globe.
Bitcoin has the potential to be the strongest but due to some that cant accept the fact that BTC can be the best currency in the world and can become the worlds reserve far more surpasses than gold, they are making their own crypto and banning BTC. Even with this much pressure, the price is still holding up and if we can overcome this political and government issues BTC will write itself in the history of the finance system. Yes it can be possible that bitcoin be a strongest currency in the world but I am not sure because there is a lot of reasons which make bitcoin consider weaker currency. The first think is the price of bitcoin yes the price of bitcoin is not stable that’s why no one believe in success of bitcoin is future , the other reason is bitcoin is not legalized all over the world which means one think that’s bitcoin is not safe and strongest currency in the world. |
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Trivelius
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October 16, 2017, 01:36:43 PM |
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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?
No. I don’t think that bitcoin is the strongest currency in the world because firstly it’s value is not stable which means that its price fluctuate very much. Secondly it is not regulated by any government or bank, which results in decrease in stability of it. Thirdly still after so many years since bitcoin had started, it is not accepted at most of the places and is used only underground. I don’t think so if bitcoin will be the strongest currency in the world then people will not hate bitcoin a lot, they will love bitcoin if bitcoin become popular and strong then this can be possible. The other thing is the price of bitcoin which is not stable and people hate bitcoin due to its price changing after some moments which keep people worried. |
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ColdZerk
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October 16, 2017, 02:28:24 PM |
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BTC is the strongest crypto in the world from a view of capitalization, but it`s not best at technical side...There are a lot of coins with more potential.
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hous26
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October 16, 2017, 02:37:28 PM |
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It depends upon how you define strongest. My definition of a strong currency is one that is (1) widely accepted, (2) stable and (3) has some intrinsic value. With that in mind, my answer is Bitcoin is not the strongest currency in the world. While I'm a cryptocurrency enthusiast I recognize Bitcoin falls far short of meeting my definition of "strongest currency". However, my definition of a strong currency does not mean its the best.
The US Dollar is still the strongest currency because you can exchange it pretty much anywhere in the world and spend it in more international destinations then any other currency in the world. The USD is also stable and doesn't experience large swings in value. The downside to the USD is that it doesn't have intrinsic value. It's value is similar to that of Bitcoin, its what the world decides its worth (with the assistance of the FED).
Bitcoin is not yet widely accepted and the price is far from stable. These are both things that will be addressed as it become widely adopted. Bitcoin also doesn't have intrinsic value, unless you consider the fact there is a hardcap for the total amount of Bitcoins that can be created. Something with intrinsic value is gold. Gold is also stable in value but not many places accept gold as payment so I consider it more of an asset (similar to a home).
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meanwords
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October 16, 2017, 02:38:10 PM |
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I think no, But it has potential. Bitcoin is still not yet known to other countries so i'll be hard for Bitcoin beat Gold. But more investors comes each day and alot of famous business men are spreading Bitcoins so maybe one day (just maybe), Bitcoin will become the strongest currency in the world. Take note, Bitcoin took over the Cryptocurrency world so maybe it can take the outside world too.  |
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Thanasis
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October 16, 2017, 02:44:49 PM |
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I want say, it is better position now. but, I believe that it will be the most strongest currency in the whole world.
You are right,bitcoin reached better position in the world market.It reaches most valuable currency of the world but still it is unknown for many people.Soon all people will know about bitcoin and once everyone start to use it it will more stronger and more valuable. |
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Engand
Newbie
 Offline
Activity: 27
Merit: 0
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October 17, 2017, 04:45:37 AM |
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Yea bitcoin is the strongest currency in the world but in future we can see diverse situactions since there are numerous smart individuals which can see some issues which are bad in bitcoin cryptocurrency and thah negative things he can resolve and make very own greater cryptocurrency.
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sumanto
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October 17, 2017, 04:50:43 AM |
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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?
yes of course bitcoin is still too small because the price of potentially billions of potentially billions, is due to limited stock and market demand is very much to make the more expensive price. |
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BILGPS
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October 17, 2017, 05:05:49 AM |
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Yes it is true bitcoin is the strongest currency in the world of crypto currency. Now a days if a person is connected through internet they know the reality of this currency. It is growing currency many people are connected with it and they solve their financial problems through bitcoin.
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susuberuang
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October 17, 2017, 05:07:03 AM |
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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?
yes of course bitcoin will be a strong digital currency and could have beaten the dollar or other paper currency. now all digital and more efficient use of digital currency let me save paper. |
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gerrrr
Newbie
Offline
Activity: 17
Merit: 0
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October 17, 2017, 05:09:41 AM |
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Bitcoin advantage is not it digital instead paper. Most dollars not paper anyways, but electronic.
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ZzV1Finn
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October 17, 2017, 05:10:03 AM |
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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?
Depending on what to compare, now bitcoin leader in crypto-currencies, but with gold is not comparable, and with other national currencies it's still early to say such things. One of the strongest currencies will be more accurate. |
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miltonpogi
Member
Offline
Activity: 245
Merit: 11
Staker.network - POS Smart Contract ETH Token
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October 17, 2017, 07:07:49 AM |
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Just because a BTC is worth 5682 USD it does not means that the strongest currency is bitcoin. Aside from bitcoin there are coin that has more value than BTC just like TBC, but it does not tell too that the weakest currency is bitcoin. In my own opinion I am neutral in this question because even bitcoin is not the strongest currency, it will have a power for transaction in many country like Japan and Russia.
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Casdinyard
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October 17, 2017, 08:09:10 AM |
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I want say, it is better position now. but, I believe that it will be the most strongest currency in the whole world.
Well the fact that bitcoin now is dominating the crypto world but not the whole world. As bitcoin is a digital currency and it needs more innovation and this is in the early adaptation in other countries. Bitcoin may be not yet a strong currency now because of many hindrances that blocks bitcoin to widely accepted. But soon and we're all looking forward that this may happen. |
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Visbay
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October 18, 2017, 04:44:32 AM |
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Bitcoin has proved a really robust forex. Bitcoin has a excellent reputation. Bitcoin is identified for being the first, the easiest to get, and the widest acceptance. I feel the person or bitcoin finder is growing and a lot more widespread to the whole world now.
It’s true bitcoin is one of the strong currency and still it has a lot of potential to become stronger and bitcoin is now accepted by some European countries and still there are a lot of countries who are going to accept bitcoins bitcoin has a lot of supporter around the world and they are trying to make it more power full and strong long live bitcoin. |
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