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Author Topic: Is bitcoin now the strongest currency in the world?  (Read 42156 times)
kokobaba880
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October 25, 2017, 05:20:52 PM
 #861

Yes we can say that now bitcoin is the strongest currency of the world and it will stable its position for long period of time and that is very difficult for me to forecast for the next thirty to forty years then it will clear to all. For each and everything the time come when some other competition arise which fall the position of the previous one and changed the position of that still I mean that the other coins are also chasing bitcoin.


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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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October 25, 2017, 05:56:54 PM
 #862

Bitcoin is not so strong, we can say, it is just the beginning. Even marketcap is not much more that's why many country don't have any rule for it's regulation. It's price value is always volatile in nature. We cannot compare it with any country's currency since they are stable, but bitcoin may not be.
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October 25, 2017, 05:58:04 PM
 #863

Sadly, bitcoin is not the strongest currency at present for various reasons.
Bitcoin is too volatile. The fluctuations in the prices doesn't make it a reliable currency in the marketcap to depend on.
It is decntralised. It is an advantage as well as a disadvantage. With its increasing marketcap there is no centralised source to enforce responsibilty.
Bitcoin is a premature economy with a lot of potential and with one of the strongest development teams, it still has a lot of potential to grow. To be one of the mainstream currencies a lot of work has to be stil done.

Right, an increasing price doesn't necessarily make it a "strong" currency. Volatility makes it impossible to store wealth or transact business in a reliable manner because you don't know what the value of the currency is going to be from day to day, let alone for long periods of time. Both of those are important attributes to a currency, and missing either of them wrecks any argument that bitcoin is a strong currency, and bitcoin lacks both. Further, the fact that no one uses bitcoin as a currency is a major factor to consider. It's a fine commodity and speculative asset, but it's a horrible currency.

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October 25, 2017, 06:51:17 PM
 #864

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 not in the stage yet to become the strongest currency in the whole world. We knew it all where Dollar was still the strongest currency in the whole world.
Why are you saying like this because if you are the bitcoin user. The bitcoin value and the importance will give the beautiful future. I use the bitcoin and the value of the bitcoin will be more than this. I love the bitcoin and the properties are now getting expensive so does invest in it and dream for the future of the person who is the real bitcoin trusting people.
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October 25, 2017, 07:40:56 PM
 #865

Bitcoin is not so strong, we can say, it is just the beginning. Even marketcap is not much more that's why many country don't have any rule for it's regulation. It's price value is always volatile in nature. We cannot compare it with any country's currency since they are stable, but bitcoin may not be.
In fact the investors can make bitcoin more stronger, but in current time we can see that bitcoin is still not so much popular and the users of bitcoin are still not in number therefor i do not think that bitcoin can be called as the most strongest currency of the word. i think it will take a good time to become the most strongest currency of the world when its users will increase more and more.

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vibingpositively
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October 25, 2017, 08:11:52 PM
 #866

Currently it cant be and that is because it is too volitale yet. When this calms down and bitcoin is more stable say around 25k a coin then I think bitcoin will be one of if not the strongest currency around on this planet!

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October 25, 2017, 09:10:34 PM
 #867

Bitcoin is not so strong, we can say, it is just the beginning. Even marketcap is not much more that's why many country don't have any rule for it's regulation. It's price value is always volatile in nature. We cannot compare it with any country's currency since they are stable, but bitcoin may not be.
No, I think the Bitcoin price controlled by the whale, it can not pumped a lot of value to $6,000 without whale use their money to pump it first. Then, after the whale pumped the Bitcoin price, the traders heard some rumors about receive Bitcoin Gold and Bitcoin SegWit2x make many traders FOMO to buy Bitcoin.

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Tukang Becak
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October 25, 2017, 10:48:44 PM
 #868

Currently it can be said bitcoin is the strongest currency, although bitcoin market share is still far below currency, but user and price growth make bitcoin become the strongest currency.
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October 25, 2017, 10:51:30 PM
 #869

The bitcoin is not the strongest currency in the world, but its rising and successes can not be ignored. It have a really interesting price curve for a currency and we can say that it became a good investment way according to price charts, and the number of bitcoin investors is rising day by day. I think it have a bright future.
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October 25, 2017, 10:55:29 PM
 #870

Bitcoin nowadays is the strongest crypto currency in the world, this is for sure. But I am not sure if it is actually stronger than fiat currencies, because the people keep using fiat currencies a lot more than Bitcoin especially offline.
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October 26, 2017, 04:47:49 AM
 #871

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 too small probably because they see the time of 2013 is still very few who use Bitcoin, but also many who do not know Bitcoin. I'm sure by 2013 maybe only 5% know Bitcoin. How Bitcoin's growth from 2013 to 2017 is so significant, in 2017 alone we can see very rapid developments, and many even make Bitcoin's prediction of $ 10,000 / BTC. I myself am very confident Bitcoin will definitely break through $ 10,000 / BTC at the end of this year.
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October 26, 2017, 04:55:02 AM
 #872

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?

For me bitcoin is the strongest digital currency because it takes too long since its start on 2013.Because many people now knew bitcoin and encouraging about bitcoin is also the expansion of our cryptocurrency.
Seeing bitcoin now has a big growth and demand of its price like higher value of it.Rising of bitcoin goes to,for being successful of bitcoin if many investors invest and getting to know more about bitcoin.Im vey confident to say that bitcoin can be the strongest currency for now.




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October 26, 2017, 07:25:35 AM
 #873

To us bitcoin is strong currency now. But not in the world only online world. it is not recognise to all the people of the world.
Yeah the value of the bitcoin is now getting worldwide and the value of the digital currency is increasing. In the past. The value of the bitcoin is increasing and the now all the people are aware of the bitcoin and the digital currency. I hope the importance of the bitcoin will increase more and more so it will happen if the bitcoin is getting high so I love the bitcoin for the increasing price.
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October 26, 2017, 08:06:37 AM
 #874

bitcoin is not yet officially a currency so it can not be called the strongest currency, even though the price is exorbitant

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October 26, 2017, 08:39:20 AM
 #875

I think it has a potential to be the strongest currency in the world, but for now i really think that the is either Bahraini Dinaror Kuwaiti Dinar, they're the leading and highest currency in the world in terms of the price value they're both way higher than US Dollar.

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October 26, 2017, 08:47:52 AM
 #876

The answer is No.  USD still rules. Think how most express their holdings of crypto - "i have blah worth of BTC"

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October 26, 2017, 08:56:20 AM
 #877

The answer is No.  USD still rules. Think how most express their holdings of crypto - "i have blah worth of BTC"


i think bitcoin is the strongest currency in the history of crypto but it is not strongest in the world as compare to other curreinces like usd, pound etc.
because the use and other currencies are very old than bitcoin according to their age after some time it is most probable that bitcoin will become strongest currency in the whole world because people are taking interest very quickly in bitcoin.
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October 26, 2017, 09:00:16 AM
 #878

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. I don't think so because we all know that bitcoin is only a altcoins which is make to be a kind of digital currency and cannot be said as a strong currency because it is only a secondary currency we used. And of course we have our primary and the real currency we used in our country.

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October 26, 2017, 09:06:10 AM
 #879

I think so.  A single Bitcoins cost around USD 5,000, is a huge amount.  No present currency can topple it down as far as value is concerned as of today.  It is even the hottest commodity in the market now.  My classmates in college are crazy hearing about bitcoins and they are starting to invest in.  The good news is that many countries wanted to create their own cryptocurrency to cope up with the demand on the market.  Maybe, the recognition of bitcoins is not yet late but it is just the start to boom eventually in the market...
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October 26, 2017, 09:06:41 AM
 #880

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 cannot say that bitcoin is the strongest currency because if ypu say that you're like that it is more strong than the currency we have in reality. We can say that bitcoin is the strongest digital currency among all other altcoins that has been established. And bitcoin isn't that strong yet because it has many problems facing today.
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