Bitcoin as a leading currency?

[FlightyPouch]

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.

We never know what may happen all we know is that as the first crypto currency, it will continue to give a profit to its investors and users. It may not be the safest investment, it is still the most expensive crypto currency in the market.

[1715589847]

1715589847

[ololajulo]

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.

We never know what may happen all we know is that as the first crypto currency, it will continue to give a profit to its investors and users. It may not be the safest investment, it is still the most expensive crypto currency in the market.

I consider it the safest investment on the digital phase most especially in term of security from outside hackers. The security still come from its pioneering state and size of adoption that made it difficult. I expect a more adoptive currency use when miners get little to nothing to earn again, though the asset use will still take priority for most investors.

[princesspoppy]

Bitcoin has proven its potential over these past few years and we can't deny the fact that no altcoin can ever replace it. As for becoming a leading currency, yes, bitcoin has the potential to be one. Many people and countries are already accepting and legalizing bitcoin but, it is still not enough for it to be a leading currency all around the world if it is not totally accepted and recognized by all the government. In order for it to be one of the leading currencies, it should be accepted by all and should be totally adopted.

[Serious475]

Bitcoin has proven its potential over these past few years and we can't deny the fact that no altcoin can ever replace it. As for becoming a leading currency, yes, bitcoin has the potential to be one. Many people and countries are already accepting and legalizing bitcoin but, it is still not enough for it to be a leading currency all around the world if it is not totally accepted and recognized by all the government. In order for it to be one of the leading currencies, it should be accepted by all and should be totally adopted.

Bitcoin still of the most profitable coin among all others because we all known it takes a lot of time before it gives a good market value and now after the halving of the coin it is now increasing again rapidly and this is a good chance that it will give a good profit today even there is a lot of coins now that growing rapidly still bitcoin is one of the highest market prices. Also, we are looking for a more profit to the bitcoin.

[TheUltraElite]

Bitcoin has proven its potential over these past few years and we can't deny the fact that no altcoin can ever replace it.

This question should not even come to anyone's mind. Of course altcoins are always secondary to bitcoin and cannot replace it. Why do some people even come under the pretense that the opposite is true? Because of wishful thinking that one day the shitcoin they hold will become big - but that will not happen.

As for becoming a leading currency, yes, bitcoin has the potential to be one.

This is debatable.

Many people and countries are already accepting and legalizing bitcoin but, it is still not enough for it to be a leading currency all around the world if it is not totally accepted and recognized by all the government. In order for it to be one of the leading currencies, it should be accepted by all and should be totally adopted.

As easy it is to say it, it is that difficult to create such a system. Governments have shown their reluctance to allow the use of bitcoin for most economic systems and the chances of governments allowing its use is very unlikely. Its acceptance is being improved gradually but slowly.

[shoreno]

Bitcoin has proven its potential over these past few years and we can't deny the fact that no altcoin can ever replace it. As for becoming a leading currency, yes, bitcoin has the potential to be one. Many people and countries are already accepting and legalizing bitcoin but, it is still not enough for it to be a leading currency all around the world if it is not totally accepted and recognized by all the government. In order for it to be one of the leading currencies, it should be accepted by all and should be totally adopted.

Bitcoin still of the most profitable coin among all others because we all known it takes a lot of time before it gives a good market value and now after the halving of the coin it is now increasing again rapidly and this is a good chance that it will give a good profit today even there is a lot of coins now that growing rapidly still bitcoin is one of the highest market prices. Also, we are looking for a more profit to the bitcoin.

profitability depends on the persons ability and not totally depend on the coin imo even if not bitcoin a good crypto user can squeez alot of profit on any coin he like including the crappy ones  because crappy coins can pump at first  so as a wise guy , they know how to enter and exist before anything  sh8t happens  .

 not all who picks bitcoin are investors or traders  , in short not all wants to profit . and the halving havent started yet but your confidently saying the value will rise  ? still no one knows if that perceptions is true   .

[Janation]

I consider it the safest investment on the digital phase most especially in term of security from outside hackers. The security still come from its pioneering state and size of adoption that made it difficult. I expect a more adoptive currency use when miners get little to nothing to earn again, though the asset use will still take priority for most investors.

I consider it a safe investment but no the safest.

We all know the risk of investing in Bitcoin, its volatility can be really fatal if you do not have the knowledge and the experience. Another thing is that despite the security of the system, the weaknesses of it are in the user and that could also affect the price since as more hackings happen, more people would be panic selling and there are those that even spread FUDs.

[tvplus006]

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.

In this case, I think it is the right decision to issue new bitcoins instead of the lost coins. But then we will face the question of how to understand that the coins are lost forever? It is possible that they are simply in long-term storage, and are waiting for their goal of 100 thousand dollars.

[Magkirap]

Bitcoin has proven its potential over these past few years and we can't deny the fact that no altcoin can ever replace it.

This question should not even come to anyone's mind. Of course altcoins are always secondary to bitcoin and cannot replace it. Why do some people even come under the pretense that the opposite is true? Because of wishful thinking that one day the shitcoin they hold will become big - but that will not happen.

As for becoming a leading currency, yes, bitcoin has the potential to be one.

This is debatable.

Many people and countries are already accepting and legalizing bitcoin but, it is still not enough for it to be a leading currency all around the world if it is not totally accepted and recognized by all the government. In order for it to be one of the leading currencies, it should be accepted by all and should be totally adopted.

As easy it is to say it, it is that difficult to create such a system. Governments have shown their reluctance to allow the use of bitcoin for most economic systems and the chances of governments allowing its use is very unlikely. Its acceptance is being improved gradually but slowly.

Yes people do still have the hope for the altcoins about surpassing bitcoin in all aspects but yes indeed it will not happen or we will not get near that. The though of bitcoin being the leading currency is blurry now for bitcoin still has long way to go despite of it's potential for leading currency but the adoption or acceptance of it in the world is superior in number compare to the countries who says no to bitcoin so there is still hope for bitcoin as "leading currency".

[Ozero]

To discuss the proposed topic, you must first clarify what is meant by the name "leading currency." If you look from the point of view of states, then they will never give up their national money and will not use bitcoin or another decentralized cryptocurrency instead. Also, states will not heavily use decentralized cryptocurrency. Now many of them are working on the issue of their national stable coin and it will be used by states instead of a decentralized cryptocurrency.
Even from the point of view of people, not everything is so simple. A certain part will switch to the use of cryptocurrency, some will not use it at all. However, the predominant use of cryptocurrency, including bitcoin, and therefore the use of it as a leading currency, is possible only by citizens.

[best2015]

To discuss the proposed topic, you must first clarify what is meant by the name "leading currency." If you look from the point of view of states, then they will never give up their national money and will not use bitcoin or another decentralized cryptocurrency instead. Also, states will not heavily use decentralized cryptocurrency. Now many of them are working on the issue of their national stable coin and it will be used by states instead of a decentralized cryptocurrency.
Even from the point of view of people, not everything is so simple. A certain part will switch to the use of cryptocurrency, some will not use it at all. However, the predominant use of cryptocurrency, including bitcoin, and therefore the use of it as a leading currency, is possible only by citizens.

It feels like we'll see huge amount of payment options and there will be plenty of cryptos there.
Perhaps bitcoin can be the most used among other cryptos, but thats it

[Negotiation]

To discuss the proposed topic, you must first clarify what is meant by the name "leading currency." If you look from the point of view of states, then they will never give up their national money and will not use bitcoin or another decentralized cryptocurrency instead. Also, states will not heavily use decentralized cryptocurrency. Now many of them are working on the issue of their national stable coin and it will be used by states instead of a decentralized cryptocurrency.
Even from the point of view of people, not everything is so simple. A certain part will switch to the use of cryptocurrency, some will not use it at all. However, the predominant use of cryptocurrency, including bitcoin, and therefore the use of it as a leading currency, is possible only by citizens.

It feels like we'll see huge amount of payment options and there will be plenty of cryptos there.
Perhaps bitcoin can be the most used among other cryptos, but thats it

I agree with you because it will depend on our investment If we invest in Bitcoin if its demand rises prices will rise and Bitcoin is at the top of everything. The crypto market will improve a lot and I think everyone will use decentralized cryptocurrency from centralized cryptocurrency.

[Dhoe]

To discuss the proposed topic, you must first clarify what is meant by the name "leading currency." If you look from the point of view of states, then they will never give up their national money and will not use bitcoin or another decentralized cryptocurrency instead. Also, states will not heavily use decentralized cryptocurrency. Now many of them are working on the issue of their national stable coin and it will be used by states instead of a decentralized cryptocurrency.
Even from the point of view of people, not everything is so simple. A certain part will switch to the use of cryptocurrency, some will not use it at all. However, the predominant use of cryptocurrency, including bitcoin, and therefore the use of it as a leading currency, is possible only by citizens.

It is difficult to make Bitcoin a "Leading Currency" because many countries do not legalize Cryptocurrency because there are legal rules that govern it. Bitcoin is only suitable as digital gold or a valuable asset as an investment. Especially if later many countries will create their stablecoin then I am sure they will not use Bitcoin.

[panganib999]

To discuss the proposed topic, you must first clarify what is meant by the name "leading currency." If you look from the point of view of states, then they will never give up their national money and will not use bitcoin or another decentralized cryptocurrency instead. Also, states will not heavily use decentralized cryptocurrency. Now many of them are working on the issue of their national stable coin and it will be used by states instead of a decentralized cryptocurrency.
Even from the point of view of people, not everything is so simple. A certain part will switch to the use of cryptocurrency, some will not use it at all. However, the predominant use of cryptocurrency, including bitcoin, and therefore the use of it as a leading currency, is possible only by citizens.

I agree on that. There must be a certain clarification regarding the topic title because it might lead people into confusion or misinterpretation due to the reason that we are having digital currency which is the cryptocurrency and the other one is in terms of paper money or fiat. If this will be clarified that Bitcoin to be coined or considered as the "Leading Currency" in terms of cryptocurrency industry, then there is no doubt that Bitcoin is really the leading currency for the reason that it is leading on popularity, usage, demand and other elements needed to support the claim. But if we will be talking about Bitcoin to be the "Leading Currency" above all the existing currency, then there might be certain complications because different states or countries worldwide have their own currency that they would consider to user rather than Bitcoin because even if Bitcoin is well-known, still a lot don't know about it and have not yet get into adapt the usage of it.

[MCobian]

For now it is still fiat as a leading currency, because bitcoin users are less than fiat. Therefore a promotion is needed against bitcoin,
so that its popularity increases. If bitcoin popularity is increasing, bitcoin is very likely ca be leading currency. Especially now that it
really needs digital currency to prevent the spread of the corona virus. And bitcoin can be a solution, plus the limited amount of bitcoin
is only 21 million. So I am very sure in the future bitcoin can certainly be a leading currency, and can defeat fiat.

[rose9696]

All the comparisons are on paper and it's worth nothing. If everyone knows that bitcoin is a currency that can dominate and be worth millions of dollars in the future, so why don't big businesses accept it now? all just illusion of numbers.
People are being manipulated by mind billionaires by bitcoin. There is only a game of profit here and no real value here. those who are wise will survive, those who are manipulated will lose all their money.

[deisik]

All the comparisons are on paper and it's worth nothing. If everyone knows that bitcoin is a currency that can dominate and be worth millions of dollars in the future, so why don't big businesses accept it now? all just illusion of numbers

The answer is simple, while the question has already been discussed at length before

Typically, when people come up with such ideas (just in case, it is always the same idea, give or take), they are putting the cart before the horse. In more concrete terms, businesses are not accepting Bitcoin because consumers are not willing to pay with it, or, as I would say, part with it. Steam (of Valve fame) had been accepting Bitcoin in the past (Microsoft seems to accept it), but later they dropped that payment method, and most likely due to a lack of demand from their users

People are being manipulated by mind billionaires by bitcoin. There is only a game of profit here and no real value here. those who are wise will survive, those who are manipulated will lose all their money.

I'm not sure what you mean by mind billionaires here

Probably, you meant brilliant minds? But no one can stop you from shorting Bitcoin and earning millions if there is no value here. So what are you waiting for? Or should I rather ask, afraid of?

[fiulpro]

Bitcoin have stayed the top* crypto* currency since years . I do think it does reflect a lot that Bitcoins is also helping out other cryptocurrencies too. We are able to use Altcoins section here which is a great deal.

Most trade pairs are actually connected with Bitcoins.
Some altcoins depends on Bitcoins because users are sometimes not able to buy them directly.

It is supporting the whole system , at the same time the price of Bitcoins is undeniably amazing for the traders and investors.
It does offer more opportunities for everyone to work and to sell their services. At the same time the popularity of  Bitcoins is comparatively higher , I do think Bitcoins is a safe bet , plus with the volatility traders are able to even involve in Day trading and Holding for the long term .
It is a leading Cryptocurrency.
With respect to Currency I do think it is very localised to the community members .

I would just leave this statement from Google here :

While active bitcoin users are estimated at 5.8 million, PayPal boasts 235 million active users, Mastercard has 35.7 million American users and another 604 million active international users, and Visa accounts for a whopping 336 million American users and another 736 million users globally.

This is self explanatory , users are actually a lot but the application of Bitcoins in terms of Currency have still not been exploited fully .
Applications are limited, government have tightened the restrictions hopefully future will be better.

[Whitey1234]

Bitcoin can't never be leading  currency because bank will never allow  that to happened

[Piston]

We know that bitcoin hit its highest price ever two years ago. Two years ago today, bitcoin hit its highest price ever, reaching $19k. It was the culmination of an incredible year for the digital currency. Bitcoin cannot be a currency because it has intrinsic value. While some would argue against it, the resources spent to issue new units ensure that, unlike fiat currency, bitcoins cannot be created all crypto thing.