Bitcoin as a leading currency?

[Janation]

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.

What do you mean by that?

The facility of electricity? Are you talking about how expensive Bitcoin is in mining and it needs to be developed on that? If that is the case, miners are already using other means of a source of electricity. Bitcoin is the leading currency because it is the first one, that is the reason a lot of people recognized it since it is there for a very long time.

[Blackdeath]

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.

What do you mean by that?

The facility of electricity? Are you talking about how expensive Bitcoin is in mining and it needs to be developed on that? If that is the case, miners are already using other means of a source of electricity. Bitcoin is the leading currency because it is the first one, that is the reason a lot of people recognized it since it is there for a very long time.

Bitcoin mining is really expensive, but i think even other people had been using other source of electricity in bitcoin mining it is still not enough because an equipment in bitcoin mining needs to be working 24/7, so it needs really needs a huge amount of electricity.

[shoreno]

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.

What do you mean by that?

The facility of electricity? Are you talking about how expensive Bitcoin is in mining and it needs to be developed on that? If that is the case, miners are already using other means of a source of electricity. Bitcoin is the leading currency because it is the first one, that is the reason a lot of people recognized it since it is there for a very long time.

Bitcoin mining is really expensive, but i think even other people had been using other source of electricity in bitcoin mining it is still not enough because an equipment in bitcoin mining needs to be working 24/7, so it needs really needs a huge amount of electricity.

depends on different factors . it can be expensive if you buy expensive hardware and pay expensive bills but it can be cheap once you know how to save electric bills and use cheap mining tools  .

  bitcoin isnt the leading currency because curency means overall ( it includes usd , euro , etc ) btc only leads on the crypto currency section  because there are also online currency that are popular and indemand than cryptos such as btc   but who care with them ?

[ekans45]

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.

That's true. Still fiat money was the one who is leading the game for it is the major currency that circulating to the people. Almost  the whole population are still uaing fiat money and not cryptocurrency. Well it is not surprising because we are still in the beggining phase for the adoption of bitcoin. Maybe this was possible but may still have a problem because of its volatility.

[Negotiation]

And all these online resources say, that they can make your bitcoins quantity twice bigger, hah. It's not funny at all. Couple of months ago I found a website, which could give me some real guarantees about support for cryptocurrency, on some real examples with real people. I've contacted with them, and they have approved that that Prifinance service works perfectly, helping people all around the world.

Hopefully crypto will gain support across the country If crypto moves  usually the price of bitcoin for bitcoin will increase if the crypto market is grazing. From the very beginning  Bitcoin is very popular and demand has not decreased so we should all hope that the price of Bitcoin will increase further.

[julius caesar]

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.

Bitcoin will for surely gonna be accepted by so many people soon because we are on this era that we are trying to make everything else hassle free like using digital currency in doing your transactions. Bitcoin is a good example since it really makes our transaction faster than before. It is the most trusted coin that is why the value of other coins out there is dependent on the current value of bitcoin.

[Kurokonobasuke]

Yes, but this year 2020, the bull market runs again, bitcoin will begin to rises with the price of $ 10,191.28 according to coindesk. And I think this bull market price will continue. But there are almost four million bitcoins are lost forever so that instead of twenty-one million bitcoins that circulates. Theoretically, seventeen million number of bitcoins are currently in circulation already in the market and the other almost four million bitcoins will gone forever. 

[bearexin]

The topic of discussion is not that bitcoin is not a leading currency, its more about where its leads. Sure its better than all other coins, hell the market cap of bitcoin is more than all other coins ever in existence combined together, that is leading by its best. However when it comes to other currencies, bitcoin is so small that even the smallest nations currencies are valued more in peoples eyes.

If you are not a bitcoin person, having Zimbabwe dollars makes more sense to you than having bitcoin because you have no idea what bitcoin is whereas you know Zimbabwe even with high inflation and horrible economy, is at least a nation. So, what bitcoin has to do is to scale even bigger in order to reach a level where at least its more trustworthy than some nations currency, not other altcoins.

[deisik]

The topic of discussion is not that bitcoin is not a leading currency, its more about where its leads. Sure its better than all other coins, hell the market cap of bitcoin is more than all other coins ever in existence combined together, that is leading by its best. However when it comes to other currencies, bitcoin is so small that even the smallest nations currencies are valued more in peoples eyes

Cannot disagree more with such a view

As this question had been discussed at length in the past (like 3-4 years ago). So while Bitcoin doesn't stand a chance against such currencies as the US dollar, Euro, the British pound or even the Chinese Yuan and Russian ruble (it can try but will look pale in such a showdown), the truth is most currencies of the rest of the world are smaller than Bitcoin. Whatever way or angle you may look at it, Bitcoin is a real deal on a world scale

But that's not all, and even not the most important thing. What is, however, is the wider acceptance and recognition of Bitcoin across the world. I can't really fathom what you are going to do with a pack of Zimbabwean dollars anywhere outside Africa. For fuck's sake, I'm not even sure that you will be able to get along anywhere with any currency out there outside their home countries other than with a few world top currencies accepted everywhere

[sulendra12]

Bitcoin mining is really expensive, but i think even other people had been using other source of electricity in bitcoin mining it is still not enough because an equipment in bitcoin mining needs to be working 24/7, so it needs really needs a huge amount of electricity.

If you are living in 3rd world country and then electricity is gonna pain in the ass to pay. You might suffer with losses if you in 3rd world country. It was profitable before due to lower difficulty but with upcoming halving and higher difficulty I find mining is not profitable if you are not experienced

[Sanugarid]

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.

For me, that is because bitcoin was the first cryptocurrency being created and also it is the most used cryptocurrency. Just think of it that bitcoin was being used in so many aspects, bitcoin as an investment, bitcoin as their bet when playing gambling, bitcoin as a payment for something you bought or when you are making a transaction. I can say that it is also because of bitcoin being famous all around the world because we can use it everywhere and we only need an internet connection and a device to access it.

Bitcoin mining is really expensive, but i think even other people had been using other source of electricity in bitcoin mining it is still not enough because an equipment in bitcoin mining needs to be working 24/7, so it needs really needs a huge amount of electricity.

If you are living in 3rd world country and then electricity is gonna pain in the ass to pay. You might suffer with losses if you in 3rd world country. It was profitable before due to lower difficulty but with upcoming halving and higher difficulty I find mining is not profitable if you are not experienced

Indeed, bitcoin is also being mined but just like what you said if you are paying for electricity bill, you might not want to get involved with mining because when you actually do that you might not get any profit and you can lose your money instead by paying internet bill and an electricity bill, maybe you can do that if you have your own source of power to provide for your mining.

[FlightyPouch]

Bitcoin will for surely gonna be accepted by so many people soon because we are on this era that we are trying to make everything else hassle free like using digital currency in doing your transactions. Bitcoin is a good example since it really makes our transaction faster than before. It is the most trusted coin that is why the value of other coins out there is dependent on the current value of bitcoin.

Not really dependent but it is somewhat related to the dumps that are happening with the price of bitcoin. In the past when people still believe that every end of the year the price will pump, it did not happen at that year and bitcoin continuously fall. Do you think altcoin will follow? no, it did not in fact ethereum at that time reached its ATH proving that it is not dependent on the movement of bitcoin's price.

[Assface16678]

Bitcoin will for surely gonna be accepted by so many people soon because we are on this era that we are trying to make everything else hassle free like using digital currency in doing your transactions. Bitcoin is a good example since it really makes our transaction faster than before. It is the most trusted coin that is why the value of other coins out there is dependent on the current value of bitcoin.

Not really dependent but it is somewhat related to the dumps that are happening with the price of bitcoin. In the past when people still believe that every end of the year the price will pump, it did not happen at that year and bitcoin continuously fall. Do you think altcoin will follow? no, it did not in fact ethereum at that time reached its ATH proving that it is not dependent on the movement of bitcoin's price.

Today one of the fastest earn today is with the use of cryptocurrency many people would like to use cryptocurrency because they know the potential of the coin to make more investment. There are a lot of people who want to make the bitcoin is the currency to their country to make payment but today only a few countries accept the use of crypto or bitcoin as payment.

The market price of the bitcoin is going down it is just normal because there are a lot of factors why does the market price goes down. But still, the year 2020 sees a good future to make more earning bitcoin just wait to pump again.

[Ronaldcoin2017]

Bitcoin will for surely gonna be accepted by so many people soon because we are on this era that we are trying to make everything else hassle free like using digital currency in doing your transactions. Bitcoin is a good example since it really makes our transaction faster than before. It is the most trusted coin that is why the value of other coins out there is dependent on the current value of bitcoin.

Not really dependent but it is somewhat related to the dumps that are happening with the price of bitcoin. In the past when people still believe that every end of the year the price will pump, it did not happen at that year and bitcoin continuously fall. Do you think altcoin will follow? no, it did not in fact ethereum at that time reached its ATH proving that it is not dependent on the movement of bitcoin's price.

Today one of the fastest earn today is with the use of cryptocurrency many people would like to use cryptocurrency because they know the potential of the coin to make more investment. There are a lot of people who want to make the bitcoin is the currency to their country to make payment but today only a few countries accept the use of crypto or bitcoin as payment.

The market price of the bitcoin is going down it is just normal because there are a lot of factors why does the market price goes down. But still, the year 2020 sees a good future to make more earning bitcoin just wait to pump again.

well i think bitcoin is really a leading currency because it is use on so many countries. I believe that this year will be a great year for botcoin, many people believe that bitcoin will be the safest investment,  maybe in th enear future many more country will used bitcoin for good.

[onrise]

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.

Btc is still the most preferred coin among investors and people who want to buy bitcoin. May be in coming years we would have some other coin which maybe close to bitcoin in terms of demand or so but for now one should always have the btc in their portfolio along with some other stable coins which will be individual’s choice.

[ronbennett_]

• Sovereignty
• Stabililty
• Scalability

• Security
• Infrastructure

[carlisle1]

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.

Bitcoin is a leading Cryptocurrency now so the chance of becoming a leading Worldwide currency is indeed with this coin.
and why stable coin?do you really think they are worth using in future?when decentralize market starts to run the world?

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.

that is why bitcoin still the best currency and will be the leading in future?
and this will continue to Grow every year?risks in stablecoin is indeed and can be controlled against our own will.

[ronbennett_]

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.

The media always say that crypto mining uses a lot of electricity. I would say, however, that the electricity that is generated is generated either way. Wind turbines sometimes even have to be switched off because there is too much electricity in the network and too much is being produced. Of course, you can say that mining eats a lot of electricity, but the older the world gets and civilization advances, the more electricity is needed at some point, which in turn drives innovation.

[Sanugarid]

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, as the pioneer currency of them all will surely be able to maintain its position at the top as long as people keeps on believing and patronizing it. Bitcoin has already faced lots of trouble way back and we are all aware of that. It is very necessary that we look back at bitcoin's history so that we may know why and how it was able to stay as the leading cryptocurrency. In terms of being an official currency, bitcoin might have a hard time being on the top since not everyone is knowledgeable about it yet.

[Spaffin]

Bitcoin, as the pioneer currency of them all will surely be able to maintain its position at the top as long as people keeps on believing and patronizing it. Bitcoin has already faced lots of trouble way back and we are all aware of that. It is very necessary that we look back at bitcoin's history so that we may know why and how it was able to stay as the leading cryptocurrency. In terms of being an official currency, bitcoin might have a hard time being on the top since not everyone is knowledgeable about it yet.

Undoubtedly it will continue for quite some time until Bitcoin is legalized worldwide and will be used in the status of international cryptocurrency as a means of payment, investment, and as a digital asset.  Nevertheless, we must understand that it is Bitcoin that can replace fiat funds and save mankind from the state’s monopoly on creating inflation and devaluing the savings of each person.