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Author Topic: Whats the ranking of bitcoin in terms of currency  (Read 1042 times)
xPASTELx
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October 26, 2017, 10:27:57 AM
 #1

Is it like #1 since it costs like ~$4000 for 1

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October 26, 2017, 10:35:18 AM
 #2

Is it like #1 since it costs like ~$4000 for 1


hahaha Yeah I believe so , cause the value of 1 btc is so big Smiley

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October 26, 2017, 10:38:43 AM
 #3

BTC is a currency. But a currency with limited use cases. You have our very own microeconomy here in the forum, you have some blackmarkets and dubious activities and some web sites. The Real bigo volume is on exchanges and speculation. So I would´t place it in a currency rank anywhere near the most important currencies in the world like dollar, pound, yen or euro. But crypto will get there as many countries will realized it´s full potencial. What we don´t know if the decentralized revolution will get mainstream or if the centralization will win.

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October 26, 2017, 02:25:24 PM
 #4

Personally every one will think that bitcoin is top most currency and no other currency can bit it. Also it’s not like that because of it’s price (current = 5.6k USD) is very high  but it’s also because of the way bitcoin is growing currently in the market. The growth rate is very faster as compared to other currencies in the market and even any other real asset in the stock exchanges. That’s why it’s number one and I’m sure only crypto lover will think this and not the the normal person. Lols.



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October 26, 2017, 03:09:11 PM
 #5

what does that mean by in terms of currency ?
you mean what is Bitcoin ranking in terms of value with other currency ?
if you're asking that question,i think we should make it clear that Bitcoin is not a currency and only an online payment.
which mean it'll never be a currency,
indeed in terms of value,Bitcoin price is extremely high other than else or we called it the highest.
because it's globaly used by people while currency itself is not really that useable globaly(even though we can exchange it),
but it will never replace currency/fiat even though it's easily used by people.
at least for now i can not see it.

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October 26, 2017, 03:45:31 PM
 #6

Is it like #1 since it costs like ~$4000 for 1
What currency? Knowing that theres a digital currency,e-currency,local fiat currency. Ranking?Then when it comes on digital currency then this would be on top spot and us bitcoin users do really know that stuff but yet it do only  be considered on that area since bitcoin cant still be considered to compete with fiat itself.Its not regulated then its normal to think off that it would takes time for it to be adopted even more.
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October 26, 2017, 03:46:19 PM
 #7

The concept of a decentralized cryptocurrency without political borders can be challenging at first. Bitcoin forces us to adjust the way that we think about money and value transfer. Fortunately, the bitcoin community has been excellent at consolidating informational data through a loosely-integrated group of dedicated volunteers.
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October 26, 2017, 03:53:19 PM
 #8

In terms of value I guess its number one, but in terms of usage and popularity i think its not yet number one also, since there are so many against it, and there are so many issues that are connected in bitcoin. But maybe in the long run let us hope the usage will be number one.

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October 26, 2017, 03:54:30 PM
 #9

Actually, I have never seen any currency with such Bitcoin value. It surpasses all monetary limits and does not have any more valuable currency than it does, even though it originated in no other country.

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October 26, 2017, 03:56:20 PM
 #10

Is it like #1 since it costs like ~$4000 for 1

Every crypto currency is cheaper than bitcoin. Since it is first invented coin in the crypto currency market and it holds the highest market supply and value is more than you find the market place chart.
Now I noticed from yesterday onwards again bitcoin price started increasing in the chart. In terms of any fiat and digital currency, bitcoin is being hit the bitcoin price at the top of the list.

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October 26, 2017, 04:08:31 PM
 #11

i don't get of what ranking you are referring to but to give you highlights when we are comparing to bitcoin and the dollar currency, the bitcoin total market capitalization is almost 100 billion while the total market capitalization of US dollar currency is almost 20 Trillion, so comparing bitcoin to US currency it is just 5 percent ratio meaning the bitcoin was just that small compared to US dollar. the bitcoin was just popular for the stock market and trading enthusiast, gamers,miners and online HYIP con artist, the rest bitcoin is still not popular to common citizens.

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October 26, 2017, 04:20:38 PM
 #12

Is it like #1 since it costs like ~$4000 for 1

I wouldn't put it like that. I would actually, instead, take a look at the market caps of both of the currencies that you are comparing. A lot of people who look at bitcoin as an investment also compare it to the Apple stock, which has the highest market cap. However, even though bitcoin is not just an investment but also a currency, I have not seen it compared to numerous fiat currencies because it's just not as versatile as they are right now. Once bitcoin has more support in the markets, then potentially it can be compared to the USD.

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October 26, 2017, 05:08:48 PM
 #13

BTC is a currency. But a currency with limited use cases. You have our very own microeconomy here in the forum, you have some blackmarkets and dubious activities and some web sites. The Real bigo volume is on exchanges and speculation. So I would´t place it in a currency rank anywhere near the most important currencies in the world like dollar, pound, yen or euro. But crypto will get there as many countries will realized it´s full potencial. What we don´t know if the decentralized revolution will get mainstream or if the centralization will win.
Fair point. Surely for now dollar and euro matter a lot more for most of people than bitcoin. And indeed they have their advantages like fast transaction and its confirmation. However, if we are talking about the world of cryptocurrencies solely, bitcoin is #1 is we evaluate it by the price, market capitalization and trading volume. Despite that, we can use other criteria of forming top cryptocurrencies and bitcoin can appear not even close to the top in some case. For instance, if we make top cryptocurrencies in terms of their innovation, bitcoin will be far behind ethereum, waves, neo or iota, because they all offer something bitcoin doesn't.

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October 27, 2017, 03:26:34 PM
 #14

Personally every one will think that bitcoin is top most currency and no other currency can bit it. Also it’s not like that because of it’s price (current = 5.6k USD) is very high  but it’s also because of the way bitcoin is growing currently in the market. The growth rate is very faster as compared to other currencies in the market and even any other real asset in the stock exchanges. That’s why it’s number one and I’m sure only crypto lover will think this and not the the normal person. Lols.


Yes of course bit coin is the 1st one number as it is growing very fast and the value of bit coin is the highest as compare to all the remaining currencies prevailing in the market and is the reason of its attraction for the investors.

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October 28, 2017, 05:54:53 AM
 #15

Is it like #1 since it costs like ~$4000 for 1
Yes bitcoin has been placed on number one in all cryptocurrencies around the world. We don’t have any solid reference for that but I have heard news and read many articles about it. Bitcoin have got much fame in a very short time as compared to all other elements in business things. The more yielding percentage of it, have showed everyone that it is the number one currency.

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October 28, 2017, 06:12:55 AM
 #16

First what do you mean when you said bitcoin rank in terms of currency?
To say bitcoin is not fully a currency but an online payment model. We have digital currency faint currency e currency, electronic currency and in currency all countries has they own central currency and it not accepted globally but in the case of bitcoin as a currency it is accepted globally and it worth in the exchange market is very high compared to most popular currencies like dollars and pounds. Even gold
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October 28, 2017, 06:32:57 AM
 #17

Is it like #1 since it costs like ~$4000 for 1

i think now bitcoin rank is one. because number bitcoin user is very high, then this currency use every section,it makes people feel confident. so bitcoin currency rank position is one from other currency.

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October 28, 2017, 07:30:05 AM
 #18

This is unfair for Bitcoin. Bitcoin is still an infant and it is categorized to digital currency and not as a paper money (stop rebutting me with paper wallet,it is different from the paper money of fiat). Comparison and ranking shouldn't be happening between a digital currency and other physical fiat currency. Bitcoin is obviously the pioneer and king of Digital/Crypto Currency.
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October 28, 2017, 07:42:16 AM
 #19

 Smiley Hello
Bitcoins are obviously number 1
Because of the following reasons:-
  -popularity
        Ask anyone about a cryptocurrency they will only know about bitcoins if they are out of the cryptocurrency world.
  -Price
       Due to high popularity and people Will to do investment in this sector the price is very high as compared to other currencies, mostly due to demand and supply factor
  -Media coverage due to being the oldest has paved way for other customers to invest, because of its high growth rate also there are countries where they are now legalized and used like a fiat, there is no other cryptocurrency to have received the same amount of acceptance.
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October 28, 2017, 08:24:15 AM
 #20

I think in terms of bitcoin value is the topmost, but in terms of bitcoin currency is the second because the use of bitcoin is still not comprehensive in each country while the fiat is used by every layer of the general public in their respective countries. Bitcoin itself is a global exchange tool that can be used anywhere by fellow bitcoin users
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