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Author Topic: Bitcoin as a leading currency?  (Read 1721 times)
chrisculanag
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January 25, 2018, 01:07:16 AM
 #101

For my experience, bitcoin is a true leading in all currencies because the high value price of this. I have 2 years in this crypto-currencies industry and i see the movement of every coin in the market , sometimes im scared the dump of bitcoin but in a couple of a days or a weeks its going up again . Many countries accepting the bitcoin thats why bitcoin is very popular and most leading to all coins .  Cool

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January 25, 2018, 03:05:30 AM
 #102

Indeed, Bitcoin can get lost, so it will get lost. In that case in the end (at last after the mining-process is done) the BTC-supply will be a negative growth function. Are there any empirical data/maths about this decreasing process? Will this negative growth be significant for excluding "Bitcoin as a leading currency"?

For me it became slowly that bitcoin will became official currency. We hope so that it came the right time that became official currency in whole world.

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January 25, 2018, 06:21:18 AM
 #103

Bitcoin is already leading all the cryptos in the cryptoworld. If we look at the graph, bitcoin has been dominating on both attributes as to market capital, price, volume and of course the dominance bitcoin has been since it was launched by Satoshi Nakamoto.

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January 25, 2018, 11:33:06 AM
 #104

Bitcoin is already leading all the cryptos in the cryptoworld. If we look at the graph, bitcoin has been dominating on both attributes as to market capital, price, volume and of course the dominance bitcoin has been since it was launched by Satoshi Nakamoto.
As of now, bitcoin is still the king of all of the cryptocurency but there will be a time that the people will just ignore bitcoin and they will be using other cryptocurrency that is better than bitcoin and have a better specifications and as the years goes by, bitcoin needs to be competitive so it will not depend only on the community and get left behind by the futuristic cryptocurrencies.

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January 25, 2018, 03:20:20 PM
 #105

Bitcoin is as of now driving all the cryptos in the cryptoworld. On the off chance that we take a gander at the diagram, bitcoin has been overwhelming on the two ascribes as to showcase capital, value, volume and obviously the predominance bitcoin has been since it was propelled by Satoshi Nakamoto.
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January 25, 2018, 03:26:19 PM
 #106

Bitcoin will remain to be a forced to be reckoned with as long as there no other coins which is issued by the central bank and supported by the government that will help backed its demand to the people around the world that will eventually lead to it's price increase and over shadow bitcoin. But still bitcoin even though the price crash dramatically it is still continously leading the value of other alternate coins.

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January 31, 2018, 04:47:09 AM
 #107

Indeed bitcoin is still by far the leading cryptocurrency in terms of value. But being top of all crypto doesn't mean that bitcoin is the best of all. It still depends on the community or investors on what is best crypto for them. Some people will just ignore bitcoin and they will be using other cryptocurrency that has a better specifications and maybe a lot more convenience for them to use.

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January 31, 2018, 08:19:05 AM
 #108

The economic reach of Bitcoin is an interesting subject of discussion. In the end there will be a maximum of 21.000.000 BTC. BTC is a eight-digit number.
I suppose that a currency can only be leading if it has the possibility ta pay in small amounts, equivalent tot e.g. dollarcent or eurocent. This statement limits the range of BTC, will the satoshi be the future euro/dollarcent?
In that case the maximum money supply wil be BTC 21.000.000,00000000 is e.g. EUR 99.999.999.999.999,99 (by the way: interesting exchange rate).
The money supply in the Eurozone (M3) is over EUR 10.000.000.000.000
So without any constraints, the structure of the BTC satisfies the necessary condition.
Let's inventory the other constraints.

Bitcoin is not only as a top currency, but its price is the highest in the virtual currency because bitcoin is a leader in the commercial field and is of great interest and response, the influence of Bitcoin is widely spoken. that in the future it will replace the dollar

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January 31, 2018, 08:39:29 AM
 #109

Affirmative. Bitcoin is the leading currency of all time not only in the crypto world but also in fiat because of its value, market and demand. Even its value drops down in the past few days, it remains on top not only on top but too far gap compare to its second.

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January 31, 2018, 09:18:07 AM
 #110

The economic reach of Bitcoin is an interesting subject of discussion. In the end there will be a maximum of 21.000.000 BTC. BTC is a eight-digit number.
I suppose that a currency can only be leading if it has the possibility ta pay in small amounts, equivalent tot e.g. dollarcent or eurocent. This statement limits the range of BTC, will the satoshi be the future euro/dollarcent?
In that case the maximum money supply wil be BTC 21.000.000,00000000 is e.g. EUR 99.999.999.999.999,99 (by the way: interesting exchange rate).
The money supply in the Eurozone (M3) is over EUR 10.000.000.000.000
So without any constraints, the structure of the BTC satisfies the necessary condition.
Let's inventory the other constraints.



yes, bitcoin maybe the king of all the crypto currencies that are currently present and may stay as king for a very long time. but saying bitcoin will become a main currency for any country is a bit too far of a stretch. while i completely agree that bitcoin really does satisfy the necessary conditions, i still really don't think that it can replace any main currency yet. heck, i don't even think that it will be possible for bitcoin to become something like that. it is pretty obvious as to why. it is simply because there are just too many things that needs to be considered plus the fact that a lot of people are really pushing against bitcoins and all other cryptos because of personal reasons.

you see, i too believe in bitcoin. i actually love its rich history and ideologies.
which is why i am still here. trying to get a hold of as much bitcoins as i can.
but i just cannot see bitcoin as a main currency, it is just something that is
completely impossible. but still, anything can happen. so we'll just have to
wait and see.

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January 31, 2018, 09:49:04 AM
 #111

Indeed, Bitcoin can get lost, so it will get lost. In that case in the end (at last after the mining-process is done) the BTC-supply will be a negative growth function. Are there any empirical data/maths about this decreasing process? Will this negative growth be significant for excluding "Bitcoin as a leading currency"?

Since bitcoin has limited supply in nature, Time after time btc will consistently surge up and becomes the most dominant crypto currency ever, As early as possible we should hold our btc wisely.
charmaine08
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January 31, 2018, 09:54:04 AM
 #112

For my opinion yes Bitcoin is the leading currency right now and it is the most trusted currency when it comes to investing .Bitcoin is the most popular crypto because of its rate or value that is continuously increasing .

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February 02, 2018, 11:12:01 AM
 #113

Indeed bitcoin is still by far the leading cryptocurrency in terms of value. But being top of all crypto doesn't mean that bitcoin is the best of all. It still depends on the community or investors on what is best crypto for them. Some people will just ignore bitcoin and they will be using other cryptocurrency that has a better specifications and maybe a lot more convenience for them to use.
These are some stances on which someone can be evaluated. For the bitcoins to be the best currency go the world, it definitely requires the whole world to accept it as soon as possible and give it legalizing authority to be used at any stage go life. But this isn’t the case, bitcoins are continuously banning in different countries due to some reasons. But still, it is on the top in crypto world.

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February 02, 2018, 11:20:41 AM
 #114

The economic reach of Bitcoin is an interesting subject of discussion. In the end there will be a maximum of 21.000.000 BTC. BTC is a eight-digit number.
I suppose that a currency can only be leading if it has the possibility ta pay in small amounts, equivalent tot e.g. dollarcent or eurocent. This statement limits the range of BTC, will the satoshi be the future euro/dollarcent?
In that case the maximum money supply wil be BTC 21.000.000,00000000 is e.g. EUR 99.999.999.999.999,99 (by the way: interesting exchange rate).
The money supply in the Eurozone (M3) is over EUR 10.000.000.000.000
So without any constraints, the structure of the BTC satisfies the necessary condition.
Let's inventory the other constraints.

I believed that bitcoin can be the leading currency because only bitcoin has the highest price than ever i know currency. Even bitcoin can experience a falling down to its price but its still higher because i bitcoin is higher because no one currencies of the nation can be leveled by bitcoin price because it is too much high . So that i believed and i surely assure that bitcoin can be able to become a leading currency through all over the world.
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February 02, 2018, 06:35:43 PM
 #115

For my opinion yes Bitcoin is the leading currency right now and it is the most trusted currency when it comes to investing .Bitcoin is the most popular crypto because of its rate or value that is continuously increasing .

It is the leading currency through the largest capitalization and the amount of people who are still ready to invest into it. Almost all have heard about Bitcoin, but a very few people still know about alts. Thus, BTC is a leader.

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March 07, 2018, 11:45:53 AM
 #116

In my opinion bitcoin is a leading cryptocurrency, not currency now. But it's good question, coz maybe in the future the value of btc will increase much and who knows what will be after 5years?
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March 07, 2018, 12:11:20 PM
 #117

In my opinion bitcoin is a leading cryptocurrency, not currency now. But it's good question, coz maybe in the future the value of btc will increase much and who knows what will be after 5years?
Bitcoin is very demand for people because of the price. Bitcoin is the number one leading in terms of currency. Its very trusted about this currency due to the securities and very reliable site. In all time of my life ,this currency has a good future than other currency .Even a lot of discrimination, bitcoin is totally  doing good in prices and thoughts in country .

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March 15, 2018, 04:18:41 AM
 #118

For states, currency is one of the elements of sovereignty. Regulation (weakening) of the exchange rate allows us to make our products competitive in international markets. Not many states with weak economies will agree to switch to bitcoin.

The deflationary model of bitcoin will reduce the volume of investments, although their quality will be higher.

In my opinion, the function of bitcoin is the preservation of the cost of savings - an analogue of precious metals.
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March 15, 2018, 05:43:48 AM
 #119

Well we can say that bitcoin is the king of all coins, and also even if there is a thousand icos or alt  coins around the crypto word. Still bitcoin is number one, the bitcoin price is much much more though well you can see it as of now its increasing and lot of predictors and analysis been talking about the bitcoin as a currency on the near future.

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March 15, 2018, 06:50:20 AM
 #120

The economic reach of Bitcoin is an interesting subject of discussion. In the end there will be a maximum of 21.000.000 BTC. BTC is a eight-digit number.
I suppose that a currency can only be leading if it has the possibility ta pay in small amounts, equivalent tot e.g. dollarcent or eurocent. This statement limits the range of BTC, will the satoshi be the future euro/dollarcent?
In that case the maximum money supply wil be BTC 21.000.000,00000000 is e.g. EUR 99.999.999.999.999,99 (by the way: interesting exchange rate).
The money supply in the Eurozone (M3) is over EUR 10.000.000.000.000
So without any constraints, the structure of the BTC satisfies the necessary condition.
Let's inventory the other constraints.

They say it is leading currency because bitcoin now is the king of all coins  it is leading because a lot of people now are keep working in it

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