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Author Topic: Whats the ranking of bitcoin in terms of currency  (Read 1041 times)
Toing_Jr
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August 13, 2018, 05:17:46 AM
 #121

The ranking of bitcoin is to be consider under what factors.is it to To rank bitcoin in terms of currencies, we might want to consider it under a digital currency, and it is  actually globally accepted. when viewed under the Cryto Currency, Bitcoin is the first of all the Crypto Currency,that even though not globally accepted,it  is use globally for online transactions, tradings and others uses.This will rank Bitcoin first among the Crpto Currency. Next to it is the Ethereum which is close to bitcoin and like bitcoin many are also investing in Ethereum. There are other currencies outside crypto Currecy, like the pounds and dollars that are higher in ranking to bitcoin. Be considered under market capitalization or in terms of its existence among the cryptocurrencies.
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August 13, 2018, 05:23:18 AM
 #122

Is it like #1 since it costs like ~$4000 for 1
Bitcoin is really a great currency and it has the highest price I've ever seen. It is a top trending technology 4.0 coin. So its price is very high and I think it worthy of such value.

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August 13, 2018, 06:01:42 AM
 #123

Is it like #1 since it costs like ~$4000 for 1
I agree with you because the price is high, but if you look at it from another perspective, in my opinion it's not # 1. Bitcoin does not have the addition of supply, so the more it uses, the higher the price, different from FIAT where the government can print their currency and the value is adjusted to economic growth in the country, this is what I think is superior than bitcoin. Bitcoin with a high value I see the transaction fee is also very expensive. And if seen again that although bitcoin is used in various countries but the fact that bitcoin is not a legitimate payment tool is another thing to consider for # 1.

           
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August 13, 2018, 06:23:53 AM
 #124

Its depend on what criteria or factors to be use in their ranking. As Bitcoin is the number one of among Crypto currencies that exist today then of course Bitcoin ranked as secondary to fiat currency. Fiat will be still the world's most commonly used currency represented by the US Dollar in which some fiat currencies are not directly accepted in most of the nations same with the Altcoins in which some of them are not directly to be use for spending. So by currency ranking, Bitcoin currency will be just secondary to Fiat currency in talking of spending.

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August 13, 2018, 07:29:15 AM
 #125

Yes it is number one in terms of price. But the fact of matter is, Bitcoin anf any other crypto currency is volatile. It could have a price one day and dip the next and spike the day after. Not alot of people use crypto currency in the world as opposed to other fiat currencies. But i think given time, crypto currencies will rule them all.

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August 13, 2018, 08:39:33 AM
 #126

Well, bitcoin will rank as number one compare to the other crypto coins. What makes it number one because first, it has a high value compare with the other. It also trend to rule the other coin since its structure is when the value of btc will rise, other coins will do the same and vise versa
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August 13, 2018, 04:36:00 PM
 #127

Is it like #1 since it costs like ~$4000 for 1
You see, people were concerned about the price of $4,000 before bitcoin jumps to the sky, and we are now concerned about the price of six and a half thousand dollars, it's not right in my opinion. We all need to calmly and patiently wait.

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August 13, 2018, 05:19:09 PM
 #128

Although Bitcoin has a big price it still can't be use tha same way we can use an US Dollar for example. Until it will not change, I wouldn't rank Bitcoin with other fiat.
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August 13, 2018, 06:46:43 PM
 #129

The statement "in terms of currency" sounds ambiguos. Could it be in terms of currency including all FIAT currencies or in terms of Digital currency. Anyway, I will assume you seek to know Bitcoin rating of Digital Currencies. Without writing much, Bitcoin is the No. 1, undefeated, Unrelegated, unrelenting Digital currency,  and also the most popular Digital currency. Bitcoin is the the Frontier of the Cryptocurrency industry. Before every other coin was Bitcoin and in terms of Market cap and market value, Bitcoin is second to none.

Obviously, Bitcoin is what made us know about Cryptocurrency today. 
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August 14, 2018, 06:58:18 AM
 #130

Yes it is number one in terms of price. But the fact of matter is, Bitcoin anf any other crypto currency is volatile. It could have a price one day and dip the next and spike the day after. Not alot of people use crypto currency in the world as opposed to other fiat currencies. But i think given time, crypto currencies will rule them all.
The first factor that motivated me to invest in bitcoin was its liquidity which is the ease to convert it into cash. This gives you a quick way to exit the market when you are not interested in the business after investing. Secondly the profitability that is the one and only goal of every investor to maximize the worth of his investment. In case of Bitcoin, this factor is very influential and effective.

Finally the risk attached to investment which is very low and down in case of Bitcoin and keep you safe and secure. These are the three factors that helps make a coin the top coin in the market and that is the reason why Bitcoin is on the top of the list.

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August 14, 2018, 07:56:58 AM
 #131

Yeah Bitcoin is number 1 when you ask about price. It is actually more liquid than an investment and coukd potentially be better stock portfolio than any other currency around. But in terms of usage, we aren't performing as better as other crypto currency since not everyone is using it.

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August 19, 2018, 07:32:08 AM
 #132

We know that it's work in different area, with different rule and platform. However, in terms of currency it cannot be considered as number one since it is not widely used by everyone yet. Any Thougts?
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August 22, 2018, 07:50:13 AM
 #133

Yeah Bitcoin is number 1 when you ask about price. It is actually more liquid than an investment and coukd potentially be better stock portfolio than any other currency around. But in terms of usage, we aren't performing as better as other crypto currency since not everyone is using it.
Bitcoin can be used to buy other altcoins - thats how its so "liquid". But do you know that buying and selling bitcoin for fiat is also a headache for many countries? Some countries have banned crypto - though its not possible to stop crypto like that. However if we see the bigger perspective, in future there might be revoking of these bans because government might actually grow some grey matter.

That would be a nice time since crypto would have a full-fledged exposure and if ETF happens in future then it would icing on the cake. Smiley

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September 04, 2018, 05:14:32 PM
 #134

Litecoin, launched in 2011, was among the initial cryptocurrencies following bitcoin and has often been referred to as “silver to bitcoin’s gold.” It was created by Charlie Lee, an MIT graduate and former Google engineer. Litecoin is based on an open source global payment network that is not controlled by any central authority and uses "scrypt" as a proof of work, which can be decoded with the help of CPUs of consumer grade. Although Litecoin is like bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation. Other than developers, there are a growing number of merchants who accept Litecoin. As of July 19, 2018, Litecoin had a market cap of $5.03 billion and a per token value of $87.56.
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