Bitcoin as a leading currency?

[bitkanu]

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.

Before talking about how the supply is too low to serve as a currency, you must consider that bitcoin also has decimal number and it is called satoshi, even 1 bitcoin could be divided into millions of satoshi, also mbtc and ubtc there's nothing to worry about when it comes to bitcoin's first purpose as a currency, believe it or not bitcoin has been considered as a currency due to the fact that some major platform accepting it as a means of payment.

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[Ayomide09]

It is so obvious that bitcoin  has been the leading currency in the crypto world, others will try to compete but I think it will still continue to lead.

[Janation]

It is so obvious that bitcoin  has been the leading currency in the crypto world, others will try to compete but I think it will still continue to lead.

I don't think they are competing with BTC.

We all know how powerful and strong BTC is and it is proven by a lot of dumps in the past but it still making a lot of comebacks. I think they are aiming to be close to that price BTC has but it will never defeat BTC. Also, it is the used and common cryptocurrency of people or investors, if they want to win against that kind of crypto, they need to attract whales.

[Cherylstar86]

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.

  I think the reason why most people keep resemble bitcoin because of its outstanding growth and its platform was acknowledge to lead among all currencies. And I prefer to keep and hold this asset as I believe its growth will continue to progress accommodatingly.

[Dontme]

Leading currency? Nope, USD is always the leading currency. But if you mean leading cryptocurrency, Bitcoin is the most deserving because it is the face of cryptocurrency, after all, bitcoin is the safest and most trusted crytocurrency.

[Wingzcrypto2018]

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.

Well, bitcoin is a top currency in term of its value according to the market. Did you ever seen an altcoins here were the price is higher than bitcoin? you won't see any of them dude. But maybe in terms of other usages of the utility token there are some of them that are better than bitcoin, were sometimes there are some altcoins has a higher volume market rather than bitcoin just like for example was XRP if I am not mistaken when it pumped its value recently. Although, I'm not promoting it. 

[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.

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.

Yes, I think the same as you. The power to print their currency will not stay forever because they need to think about the resources of the material. They need to try to transform something called technology, and they must use the technology to follow the new era which already exists around them. If they don't want to follow the new era which new technology insides, then I am not sure that they can survive in the long-term.

[muhhentuhhen]

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.

You mean cryptocurrency, certainly. Man, Bitcoin is too young, and the crypto technologies have been constantly developing. Once, the better crypto can come. It may be not Ethereum or some of the other top-alts, just something revolutionary.

[Tylev]

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.

Your arguments do not explain why in this case Bitcoin should be the leading currency. Any decentralized cryptocurrency can not be the leading, the main currency, either within a single state, much less a union of states. No state in the world will ever allow this, because a foreign one is their cryptocurrency and they cannot control it. They have enough of their own currencies in the well-established financial system and they have no additional problems.

[microbb8]

In order for Bitcoin to become the leading currency, it needs to undergo tight centralization. Such a bitcoin which is now no time will not become the leading currency.

[Dilerium90]

In my opinion, Bitcoin was created for some purposes, and it is used by others. Bitcoin was created for the good purpose of decentralization and circumvention of intermediaries. And now the whole black market and money laundering are based on cryptocurrency. Leading currency? Hardly. Speculative currency - yes.

[Adriano2010]

I think is good that bitcoin was created and over time i think it can be used more than now, but i agree some people use it for speculation reasons to make more money.

[MonaLeeTracy]

For 9 years we have seen that bitcoin is the leading currency as there are thousands of other alt coins came and went but only bitcoin could withstand this for years and price rose to all time high of 1600+. Near future it could be even more who knows it.

indeed in the bitcoin crypto market is still the main currency in the sense that the price and value of the bitcoin currency is still the highest value compared to the other crypto currencies but for the major currencies in the economy in a country still need process and time

[Distinctin]

For 9 years we have seen that bitcoin is the leading currency as there are thousands of other alt coins came and went but only bitcoin could withstand this for years and price rose to all time high of 1600+. Near future it could be even more who knows it.

indeed in the bitcoin crypto market is still the main currency in the sense that the price and value of the bitcoin currency is still the highest value compared to the other crypto currencies but for the major currencies in the economy in a country still need process and time

No question of its price but we define and recognize Bitcoin as a leading currency in crypto space because of its uniqueness and its useful things that it impart to us. Widely we are accepting this in the matter that it actually be usable in our daily life. Bringing into another form of currency will brought us something different experience from previous years. This is why Bitcoin/crypto become known globally.

[FlightyPouch]

I think is good that bitcoin was created and over time i think it can be used more than now, but i agree some people use it for speculation reasons to make more money.

And what is wrong with that? That is one of the reasons why there are a lot of people using bitcoin right now, speculating and predicting what might happen and based on that, they will move their investments or cryptos so they can earn. They are investors, that is what they do. If that is the reason why bitcoin is attracting more people, what is wrong?

[Rufsilf]

For 9 years we have seen that bitcoin is the leading currency as there are thousands of other alt coins came and went but only bitcoin could withstand this for years and price rose to all time high of 1600+. Near future it could be even more who knows it.

Even with the existence of other altcoins bitcoin has remained on top, other altcoins come and go and I guess there still more that will come up knowing big companies starting to get interest in bitcoins and is also planning to create another currency, i’m talking about Facebook who is planning to launch their Globalcoin in 2020. With this, there might be a chance on the price but i’m confident that no one can ever replace bitcoin no matter what altcoin or who created it because bitcoin is already proven and tested for so many years.

[laredo7mm]

In order for Bitcoin to become the leading currency, it needs to undergo tight centralization. Such a bitcoin which is now no time will not become the leading currency.

This will be difficult. while every time the price of bitcoin itself changes. will not be suitable if it is a currency. but it will be a payment option that can be selected. this is better than making it a currency

[fauzan Ichsan]

In order for Bitcoin to become the leading currency, it needs to undergo tight centralization. Such a bitcoin which is now no time will not become the leading currency.

This will be difficult. while every time the price of bitcoin itself changes. will not be suitable if it is a currency. but it will be a payment option that can be selected. this is better than making it a currency

right, it will be difficult with that system. because high fluctuations make it difficult to order fiat currencies as a transaction tool. by being an alternative payment, I think it's very good, because it still requires a long journey to become the main currency

[slocker]

In some near future we will see something similar, crypto is future or technology behind it. This will all serve as starting point, and some day we will see less usage or fiat money and more something that is digital or some similar form. Bitcoin is leading in this as first of his king and most valued and on top of this price is changing. For this to come someday it will require something that is stable in price.

[Godday]

For 9 years we have seen that bitcoin is the leading currency as there are thousands of other alt coins came and went but only bitcoin could withstand this for years and price rose to all time high of 1600+. Near future it could be even more who knows it.

all possibilities can happen and no one can know for sure and in my opinion the development of the crypto currency depends on the investor itself so it can also be the main currency in the future