Bitcoin as a leading currency?

[HarmonyA]

Bitcoin has not quite recently been a pioneer, introducing a rush of wave of cryptocurrencies based on a decentralized shared system, it's gotten the accepted standard for wave of cryptocurrencies, moving an ever-developing army of supporters and side projects.

Bitcoin keeps on standing out of wave of cryptocurrencies, regarding market capitalization, client base, and prominence.

[FanatMonet]

Unfortunately, the calculations may not have complete accuracy, because many people lost their bitcoins, forgetting the passwords or other data necessary for their use. Therefore, it is better to predict using several forecasts (15,17,19,21) of millions of coins.

Yes, and I doubt very much that some state will abandon the monopoly on the issue of its currency for bitcoin.

[Lecam]

Unfortunately, the calculations may not have complete accuracy, because many people lost their bitcoins, forgetting the passwords or other data necessary for their use. Therefore, it is better to predict using several forecasts (15,17,19,21) of millions of coins.

Yes, and I doubt very much that some state will abandon the monopoly on the issue of its currency for bitcoin.

Yes the calculations of bitcoin is not accurate and how many people hold it. And true some are losing there bitcoin because of there lack of security on there wallet some are getting hack some are getting loss there passwords so many are getting regret. Bitcoin is a leading crypto currency and this are continually be use of many people.

[hahay]

Unfortunately, the calculations may not have complete accuracy, because many people lost their bitcoins, forgetting the passwords or other data necessary for their use. Therefore, it is better to predict using several forecasts (15,17,19,21) of millions of coins.

Yes, and I doubt very much that some state will abandon the monopoly on the issue of its currency for bitcoin.

Right, but those who lost their password or other data I don't think the amount will spend the accuracy of the total available bitcoin, because usually those who experience the problem don't store large amounts of bitcoin, and hacking problems will certainly be bigger and come back, that's all will not diminish far from the total available supply. But still, bitcoin will not be able to become a leading currency because we know, every country will definitely maintain its own currency because that also becomes a country's identity and although bitcoin is adopted as a payment system, it will only be an alternative and not a leading currency.

[Shasha80]

If comparing bitcoin with fiat currency from the amount in circulation, indeed bitcoin will be superior because the number of bitcoin is limited.
And the amount is certain under 21 mlllion, even though all bitcoin is successfully mined. Because there must be a bitcoin owner who loses, and
if bitcoin is lost it will be lost forever. Then with that bitcoin is unlikely to experience inflation like fiat, but bitcoin is weak as payment. Because
the price of the bitcoin volatile is less effective as payment. From my explanation, it is proven that bitcoin cannot be the leading currency,
because the main function of the currency is as a payment and bitcoin until now can not provide it.

[criza]

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge  and will always lead as the best currency in the future.

[huige007]

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge  and will always lead as the best currency in the future.

This is what I am focusing on, Bitcoin has gained such a stable and powerful state that not events or changes can affect its value. I am not saying that the value cannot drop, it maybe happen sometime but that is included in the nature of it. Eventual result would be the profit and increase every time. it is one of the best currency of the time and will become even more good in the near future.

[CarnagexD]

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge  and will always lead as the best currency in the future.

This is what I am focusing on, Bitcoin has gained such a stable and powerful state that not events or changes can affect its value. I am not saying that the value cannot drop, it maybe happen sometime but that is included in the nature of it. Eventual result would be the profit and increase every time. it is one of the best currency of the time and will become even more good in the near future.

However, despite the "power" it has right now compared to fiats and basically every cryptocurrency on the market, it's still goes by unnoticed. It hasn't even seen large use from people. So there's something wrong here. Bitcoin needed support from the public to thrive. And that is the missing factor in the equation. Even if your coin's. 100x mire powerful than USD, if people don't wanna use it. It won't succeed.

[Iyanjr]

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge  and will always lead as the best currency in the future.

It will remain as investing tool as long as it has no real usage.
I can't buy anything with it "irl" - in 7/11 or something similar to it.
If it will have its usability - bitcoin will be unstoppable then

[Yatsan]

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge  and will always lead as the best currency in the future.

It will remain as investing tool as long as it has no real usage.
I can't buy anything with it "irl" - in 7/11 or something similar to it.
If it will have its usability - bitcoin will be unstoppable then

You can literally buy anything using bitcoin online, lot of online shopping website is accepting bitcoin, and majority of country are accepting bitcoin or it is legal on them. If you think that bitcoin has no usability, I think you are just new to bitcoin, read more and you will realize that bitcoin has a lot of usability, it's not just an investing tool.

[Twentyonepaylots]

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge  and will always lead as the best currency in the future.

It will remain as investing tool as long as it has no real usage.
I can't buy anything with it "irl" - in 7/11 or something similar to it.
If it will have its usability - bitcoin will be unstoppable then

You can literally buy anything using bitcoin online, lot of online shopping website is accepting bitcoin, and majority of country are accepting bitcoin or it is legal on them. If you think that bitcoin has no usability, I think you are just new to bitcoin, read more and you will realize that bitcoin has a lot of usability, it's not just an investing tool.

Most people see bitcoin as a mere way to get rich apparently. Not knowing what is the real reason it was created in the first place. As of now, more and more establishments, businesses, and entities adopt payment through bitcoins. Which despite the high charges to compensate for bitcoin's volatility, is still a good step towards becoming a bonafide currency that everyone can use. So do your research, you should be able to see it.

[Hilsgort_T]

I don't think that bitcoin will become the leading currency. For me, bitcoin is an idea. It will be difficult to use bitcoin in real life. I think stablecoins are more suitable for this.

[Desscount]

Most people see bitcoin as a mere way to get rich apparently. Not knowing what is the real reason it was created in the first place. As of now, more and more establishments, businesses, and entities adopt payment through bitcoins. Which despite the high charges to compensate for bitcoin's volatility, is still a good step towards becoming a bonafide currency that everyone can use. So do your research, you should be able to see it.

It seems the company hasn't made Bitcoin as a payment tool for their products, I imagine if Google supports Bitcoin,
maybe Bitcoin could be a payment for their workers, like YouTube and Adsense, just a dream 

[canovan25]

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.

In fact, divisibility does not play the very first role. If states continue to levy a tax, then it’s easier for people to continue to accept euros / dollars than to accept bitcoins and then go through the circles of hell of a bureaucratic machine so that everything is acceptable. Retail is primarily sensitive to high commissions - and lower commissions than in the banking sector it will not work.And other areas are not so much interested in people. We get a situation when it will be profitable only on the periphery (Small cities in the countries of the second and third world, where there is no good infrastructure). Or, if there is a nonprofit organization that will provide at least all banking services at a price clearly lower than banking organizations (Although lending is unlikely to be cheaper, banks get money in Switzerland for less than 0%, for example).

[srcarreira]

Most people see bitcoin as a mere way to get rich apparently. Not knowing what is the real reason it was created in the first place. As of now, more and more establishments, businesses, and entities adopt payment through bitcoins. Which despite the high charges to compensate for bitcoin's volatility, is still a good step towards becoming a bonafide currency that everyone can use. So do your research, you should be able to see it.

It seems the company hasn't made Bitcoin as a payment tool for their products, I imagine if Google supports Bitcoin,
maybe Bitcoin could be a payment for their workers, like YouTube and Adsense, just a dream 

Honestly Bitcoin has future only if Lightning will develop an ultimate highly adoptable payment option with it (btc).
Any other way like payment for workers in company etc it won't change the market/economy/world really.
If bitcoin won't be a payment option at all that way it becomes digital gold which has absolutely no sense since we have the "original" gold in the first place so btc will die eventually.

[TitanGEL]

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge  and will always lead as the best currency in the future.

It will remain as investing tool as long as it has no real usage.
I can't buy anything with it "irl" - in 7/11 or something similar to it.
If it will have its usability - bitcoin will be unstoppable then

You can literally buy anything using bitcoin online, lot of online shopping website is accepting bitcoin, and majority of country are accepting bitcoin or it is legal on them. If you think that bitcoin has no usability, I think you are just new to bitcoin, read more and you will realize that bitcoin has a lot of usability, it's not just an investing tool.

Most people see bitcoin as a mere way to get rich apparently. Not knowing what is the real reason it was created in the first place. As of now, more and more establishments, businesses, and entities adopt payment through bitcoins. Which despite the high charges to compensate for bitcoin's volatility, is still a good step towards becoming a bonafide currency that everyone can use. So do your research, you should be able to see it.

It makes me cringed when someone says that they adopt bitcoin because they want to be rich. That is the misconception that we should change, most of the people see it as investment and do not know what it is really. They are just speculating without prior knowledge about it. We should see it as a new technology where we can use it to improve the current poor payment system.

[travwill]

Bitcoin is already a leading cryptocurrency. Its complexity in use is more than offset by its functionality and safety.
Stable coins belong to certain companies that may be closed if they violate the law, that is, they are centralized, which means it adds additional risks if you store your funds in the form of stable coins.

[mamahdedeh]

Most people see bitcoin as a mere way to get rich apparently. Not knowing what is the real reason it was created in the first place. As of now, more and more establishments, businesses, and entities adopt payment through bitcoins. Which despite the high charges to compensate for bitcoin's volatility, is still a good step towards becoming a bonafide currency that everyone can use. So do your research, you should be able to see it.

It seems the company hasn't made Bitcoin as a payment tool for their products, I imagine if Google supports Bitcoin,
maybe Bitcoin could be a payment for their workers, like YouTube and Adsense, just a dream 

if the big company uses bitcoin as a means of payment I think bitcoin will be increasingly known even though there is no legality. but unfortunately it hasn't happened yet and we have to wait for it

[Subbir]

I don't think that bitcoin will become the leading currency. For me, bitcoin is an idea. It will be difficult to use bitcoin in real life. I think stablecoins are more suitable for this.

You are right but i feel it'll not be difficult if you recognize the way to use it properly. Bitcoin is that the first to exchange the market. Many coins have come after Bitcoin but cannot compete with Bitcoin. But hopefully, Bitcoin will still rise through the facility of electricity.

[Bohxz M4p4gm4h4l25]

Total cap of Bitcoin currency units that will ever exist stands at 2.100.000.000.000.000 or 2.1 quadrillion it will be perfectly fine to satisfy growing adoption for many many years to come.
In fact I expect that we will have many network scaling upgrades before adding another decimal place will be needed, or we won't never reach that point.
I don't see Bitcoin as main leading currency, not in the foreseeable future. We will have digital crypto issued by central bank, and bitcoin will be merely an alternative.

Bitcoin will be the leading cryptocurrency but for the government bitcoin will be the leading commodity that has a value and can be used as a form of payment. The government have not seen bitcoin as a currency and therefore it can never be the leading currency. ANd even if the government will treat bitcoin as a currency the total number of bitcoin in circulation cannot serve the total number of population of people around the world.

This has a point how come does bitcoin can be the leading currency if it cannot serve the total number of population around the globe. As of now we can say that fiat money is the leading currency since it was the one that is being used by a lot of people. Maybe bitcoin can be a leading currency in the future but today we are still into fiat, we are just adopting the crypto little by little.