Bitcoin as a leading currency?

[tbterryboy]

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 the number one cryptocurrency and has been the first since the world came to realize cryptos. Well, you can say it’s because it was the first to be released.But when considering everything that has to do with the market, Bitcoin is not the number one. But it has been able to maintain a good position.

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[thelma987]

We can't really say for now, because of the state in which bitcoin is now; with the current rise and fall in it's value and countries not legalising it to be a currency spent in our daily activities, also coupled with the fact that it has to withstand a very high competition with major currencies like USD, YN, EUR. So, we can't really see it as a leading currency even though it's pretty profitable; the pressure on this currency is too much already.

[SirLancelot]

We can make known that bitcoin is each and every one popular today and it always appeared in social medias. Gaining those leadership to become concerning top amid new currencies is definitely amazing. But I dbbbvcon't think that it will be upon summit for long, in front the definite idea supply of bitcoin are in the region of mined in which it could in fact produce a consequences bitcoin's price. And we can't denied that USD is having a deafening fund and behind unqualified supply, and it was supported by all countries as a global currency unlike bitcoin. Possible that bitcoin will step aside and USD will pretend to have focus on happening after bitcoin. 

Bitcoin is far better than all the national currencies of the world and USD has been facing a tough time due to EURO for a long time now. Bitcoin is better than both of them.

It is the future of money and some day in the future, it will take over all other currencies, whether digital or physical. It has been ruling the digital market for a decade now and this shows how much powerful and valuable it truly is.

[rancidgash]

We can make known that bitcoin is each and every one popular today and it always appeared in social medias. Gaining those leadership to become concerning top amid new currencies is definitely amazing. But I dbbbvcon't think that it will be upon summit for long, in front the definite idea supply of bitcoin are in the region of mined in which it could in fact produce a consequences bitcoin's price. And we can't denied that USD is having a deafening fund and behind unqualified supply, and it was supported by all countries as a global currency unlike bitcoin. Possible that bitcoin will step aside and USD will pretend to have focus on happening after bitcoin. 

Bitcoin is far better than all the national currencies of the world and USD has been facing a tough time due to EURO for a long time now. Bitcoin is better than both of them.

It is the future of money and some day in the future, it will take over all other currencies, whether digital or physical. It has been ruling the digital market for a decade now and this shows how much powerful and valuable it truly is.

Bitcoin is first decentralized currency now an accepted form of payment in dozens of countries around the world. As more countries begin to adopt this innovative technology, it’s clear that Bitcoin has the potential to become the new global currency not tied to a specific country or central bank.

[intoy_victor]

Yes bitcoin right know is leading all crypto currencies then still bitcoin surpass and dominating the crypto world. If we based the price of any crypto currencies bitcoin is the number one but if we based on stock maybe etherium is bigger than bitcoin. Bitcoin has a stock supply of 21 million bitcoin while etherium is 2 billion etherium.

[ajochems]

Upto now,bitcoin is the leading cryptocurrency.The price of bitcoin is fluctuates from 19k $ to 8500$ now.But still now the value of bitcoin among the cryptocurrency and investors is always at the number 1 position.The of bitcoin is 8500$ and in the sense of value also bitcoin on the top of cryptocurrency.
So this will makes the bitcoin replace the world currency of Dollar.

[cipherer]

Now we are in 2019, did Bitcoin make a step to be a leading cuurency?

[FlightyPouch]

Now we are in 2019, did Bitcoin make a step to be a leading cuurency?

What do you mean by that? Bitcoin is the leading crpyto currency in the market and I don't think there would be another crpyto that will surpass bitcoin. It will not make a step since it is already ahead of other altcoins in the market. It is now 2019 and it is still the leading currency despite that fact that it is been a long time since its release. It just proves how strong and patient its users and investors.

[ethereumhunter]

We know bitcoin still leading cryptocurrency but bitcoin is not leading currency because many countries still not accept bitcoin as a new currency and they still think or discuss the regulation. Let us accept the reality about this, and we can continue to follow the bitcoin journey because I think that bitcoin has a big opportunity to be a new currency for every country because bitcoin itself can break the limit of every country and with bitcoin, people will have a new way to make money.

[AjithBtc]

Bitcoin hasn't gained such a big acceptance to be the leading currency, but from my experience it seems to be the leading cryptocurrency. We cannot have something promised about the future of bitcoin, the change can happen anytime. Possibly when things get advanced and people are in need for better things surely bitcoin will get overtaken along with some other technology taking the lead.

[deisik]

Now we are in 2019, did Bitcoin make a step to be a leading cuurency?

What do you mean by that? Bitcoin is the leading crpyto currency in the market and I don't think there would be another crpyto that will surpass bitcoin. It will not make a step since it is already ahead of other altcoins in the market. It is now 2019 and it is still the leading currency despite that fact that it is been a long time since its release. It just proves how strong and patient its users and investors

Obviously, he meant Bitcoin as a currency

Not as a cryptocurrency. So it is not about making a step toward becoming a leading cryptocurrency (as you correctly noted, Bitcoin is already there by and large). It is more about conquering the fiat world. Indeed, it is hard to compete with such currencies as the US dollar or Euro, which are fiat kings in their own right. But there are other, second and third tier fiat currencies, and among those Bitcoin reigns supreme, by and large (again)

[LUCKMCFLY]

There is an argument that may be good for bitcoin, which, if you place it as the leading currency, because all the altcoins depend on bitcoin, you may not have the worldwide adoption yet, but every day many new people begin to Join this technology and begin to believe, to study the market and to give it the importance it should always have.
As cryptocurrency if I think that if it is a leader, because there is no other currency that competes with bitcoin, bitcoin has a history, it has a good student structure.

[awik p]

Now we are in 2019, did Bitcoin make a step to be a leading cuurency?

What do you mean by that? Bitcoin is the leading crpyto currency in the market and I don't think there would be another crpyto that will surpass bitcoin. It will not make a step since it is already ahead of other altcoins in the market. It is now 2019 and it is still the leading currency despite that fact that it is been a long time since its release. It just proves how strong and patient its users and investors

Obviously, he meant Bitcoin as a currency

Not as a cryptocurrency. So it is not about making a step toward becoming a leading cryptocurrency (as you correctly, noted Bitcoin is already there by and large). It is more about conquering the fiat world. Indeed, it is hard to compete with such currencies like the US dollar or Euro, which are fiat kings in their own right. But there are other, second and third tier fiat currencies, and among those Bitcoin reigns supreme, by and large (again)

right, currently bitcoin is trying to get a place as a transaction tool which is dominated by fiat. by offering many advantages, Bitcoin is developing, and in the end many governments are busy to research it

[South Park]

We know bitcoin still leading cryptocurrency but bitcoin is not leading currency because many countries still not accept bitcoin as a new currency and they still think or discuss the regulation. Let us accept the reality about this, and we can continue to follow the bitcoin journey because I think that bitcoin has a big opportunity to be a new currency for every country because bitcoin itself can break the limit of every country and with bitcoin, people will have a new way to make money.

I doubt that many countries are going to accept bitcoin willingly, they know the power they hold to print their currency and it is a power they took away from the people and they are not going to be happy to give it back, but the problem they have is that their economies are facing huge challenges mostly because of their mismanagement of their currencies and they know that if the conditions were fair their currencies will lose to bitcoin so they are trying to find a way to defeat bitcoin and keep their currencies strong.

[princeyeboah]

Bitcoin has remained the leading cryptocurrency since the inception of the cryptocurrency technology. It has brought great fortune for those who understood its principle and necessity to hold in its early stages. Now, Bitcoin is still spearheading the crypto space to a new dawn of great spectacle as its market price continues to increase gradually each time.

[ajaymukund]

The maximum amount that will ever be mined is 21 million bitcoin yes, but It's impossible for that amount to be in circulation even when everything is mined because people are losing their bitcoins all the time and they are lost forever.

Bitcoin is unlikely to become a leading currency simply because the banking system won't let it happen. Its unstoppable but won't be the main currency for sure. As for paying using smalls amounts, that's not really where bitcoin strength shows but hopefully with Lightning Network, that would be possible.

I totally agree with you. Many people say they want Bitcoin to be a common currency in the world, I don't understand why they think so.
while supply is limited and its value is always held by whales, meaning that its value will not be stable.
It is really an inconvenience when more than 7 billion people try to get bitcoin to pay. I think bitcoin should only be a tool to balance the inflation of fiat money, it can best perform that function.

[rose9696]

We know bitcoin still leading cryptocurrency but bitcoin is not leading currency because many countries still not accept bitcoin as a new currency and they still think or discuss the regulation. Let us accept the reality about this, and we can continue to follow the bitcoin journey because I think that bitcoin has a big opportunity to be a new currency for every country because bitcoin itself can break the limit of every country and with bitcoin, people will have a new way to make money.

I doubt that many countries are going to accept bitcoin willingly, they know the power they hold to print their currency and it is a power they took away from the people and they are not going to be happy to give it back, but the problem they have is that their economies are facing huge challenges mostly because of their mismanagement of their currencies and they know that if the conditions were fair their currencies will lose to bitcoin so they are trying to find a way to defeat bitcoin and keep their currencies strong.

I do not think that. For a good financial planner, they will definitely not want to destroy bitcoin. as you know, Bitcoin always helps to reduce inflation and financial pressure is not too big.
instead of destroying Bitcoin, they will try to hold more Bitcoin to get a big advantage.
When inflation happens, they will still get a big profit from holding BTC and then they will continue to grow.

[rose9696]

I don't think it's a top currency. I think it only promotes its hidden power when it is a trading tool and an asset to help prevent inflation. That is what investors are interested in. We should not expect and want it to become a currency anymore, I think it is not suitable for that.
Its total supply is very low to serve that.

[Choyor]

Yes, Bitcoin is an irreplaceable major currency. We can see that there are so many alt that came later they disappeared, only Bitcoin has remained standing for the past nine years.

[RealMalatesta]

We know bitcoin still leading cryptocurrency but bitcoin is not leading currency because many countries still not accept bitcoin as a new currency and they still think or discuss the regulation. Let us accept the reality about this, and we can continue to follow the bitcoin journey because I think that bitcoin has a big opportunity to be a new currency for every country because bitcoin itself can break the limit of every country and with bitcoin, people will have a new way to make money.

I doubt that many countries are going to accept bitcoin willingly, they know the power they hold to print their currency and it is a power they took away from the people and they are not going to be happy to give it back, but the problem they have is that their economies are facing huge challenges mostly because of their mismanagement of their currencies and they know that if the conditions were fair their currencies will lose to bitcoin so they are trying to find a way to defeat bitcoin and keep their currencies strong.

OF course they will not willingly accept bitcoin but I believe that they will eventually lose the battle to bitcoin, I can see china is already using this method of control on miners too by banning them thinking it will have adverse effect on the cryptocurrency market, but look at it, with all their forceful law, it still didn’t hold any weight in the cryptocurrency market. Bitcoin usage has gone beyond government, they don’t even need to accept it for it to gain massive attention. Look at how the adoption rate has speedily increased within a span of 10 years, you can now imagine what will happen in 10 years’ time.