Whats the ranking of bitcoin in terms of currency

[criz2fer]

I would rank a currency by [ trading volume x price ]. I think this will be more accurate to its actual usage.

In competition with all other crypto currencies which are there in this world, bitcoin is surely the best crypto coin and that there is no other coin which is that much beneficial as bitcoin is and is the top rated crypto coin too. However, when it comes to that of other regular currencies, we cannot claim bitcoin as the top rated currency because so far, it has not been declared as the legal currency.

Basically what is a currency?
It is the fact or quality of being generally accepted or in use.

"Generally Accepted" is the key word. Since Bitcoin is not generally accepted, we could not considered it as a currency. As a medium of exchange, it is very volatile and impractical using it as a form of payment. But in terms of being stable like USD,EUR & other currencies, bitcoin is not one of them. Bitcoin has its own use and lets maximize it as a future asset. No one knows if it can be quite something.

[specialfoolhardy7]

Bitcoins are my life saver. They are always at the top for atleast me.

[petyang12]

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.

yep, no fiat money no cryptocurrencies. If fiat money is replace what would you pay to buy bitcoin? That's why fiat money and cryptocurrencies co-exist.

[minthit]

Actually, its rank is 32nd in terms of currency when this question was asked. I just googled it.

[Choyor]

We must emphasize that Bitcoin is not a currency, but Bitcoin is an online payment tool that we can convert into local currency. if the intention in this case is the value of the Bitcoin price, indeed the value of Bitcoin is higher in compared with the value of the currency that exists in each country and the value of Bitcoin is also above than the other crypto value.

[KingdomHearts]

You shouldn’t be calculating things like that. If it’s to be like that, then you will be adding gold on the list cause gold is also money and is even worth more than Bitcoin. If you want to add BTC on the list of regular currencies, then BTC will be nothing but the last in position cause it has no value more than any regular currency. It can only compete with its fellow assets.

[tagsgay]

They are no match for fiats as fiats are solid and non volatile, much secured currency

[TheUltraElite]

Bitcoins are my life saver. They are always at the top for atleast me.

Yeah for shitposters like you obviously they are a life saver. But in your country is it an accepted means of transaction? If not then it is not a life saver.

yep, no fiat money no cryptocurrencies. If fiat money is replace what would you pay to buy bitcoin? That's why fiat money and cryptocurrencies co-exist.

If the concept of fiat money did not exist and there was only crypto, then the latter would have an intrinsic value and not what people think in poplar context. The fact that the USD has an intrinsic value accepted mutually by the people would be applied to bitcoin in this case.

They are no match for fiats as fiats are solid and non volatile, much secured currency

Solid? You mean physical? Well there are physical bitcoins too - but mainly for collection purpose. And not bitcoin is much more secure.

[Sled]

I don't think that we need to figure this out if what is the rank of bitcoin in the overall currencies in our world because bitcoin got its own ranking and that is based on the coinmarketcap and to be honest here, i don't see bitcoin as a currency because of its extra fees like the fee that you need to pay in order to execute your desired transaction which is another cut to your balance.

[krishnaverma]

They are no match for fiats as fiats are solid and non volatile, much secured currency

We should not compare fiat with bitcoins. Both have got their own advantages and disadvantages. One of the biggest advantages of fiat or cash is that it is suited for small transactions. One cannot use bitcoins for such type of transactions because of the fees involved and also the transfer time. But the demerit is that their value will not increase with time. In case of bitcoins, you get some value for those coins but it also increases with time.

[liseff3]

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

At this time bitcoin the only coin or the best currency and deserve to be ranked No. 1 and it has been proven concretely. In addition to being the best currency Bitcoin has other excellent features such as:
1. Can be used as a tool that can be traded similar to gold.
2. Its prices are unstable or often experience a drastic change in value (Volatile).
3. Bitcoin prices are never unbeatable by currency or any coins including altcoin.
4. In any situation the decline / increase of bitcoin is very interesting to note especially for investors and traders.
I think until now there is no currency that can beat the popularity of bitcoin.

[Majharul Saiif]

There is no hesitation about that Bitcoin is the world's first currency and still now it has in the same position.Its price and demand is also higher than all other currencies.Its secured system is appreciable.

[darrly]

Definitely bitcoin is number one in the rankings of the currencies simply because it's value is high.
Another proof is there was a time when bitcoin has defeated gold so it shows that bitcoin is really number one.

[StarofBTC]

Definitely bitcoin is number one in the rankings of the currencies simply because it's value is high.
Another proof is there was a time when bitcoin has defeated gold so it shows that bitcoin is really number one.

I am highly impressed by the decentralized nature of bitcoin currency and the way it increases and decreases in value. It gives you countless offers for becoming what you exactly want to be in the world full of competition and struggle. Bitcoin leads to your financial freedom.

Bitcoin will never ever give its position to anyone else because of the love it is enjoying from the people all over the world. Bitcoin is number one crypto.

[September11Myth]

Even though I didn't read all the thread, all what I could find in this discussion is just nonsense. First of all Bitcoin is not a real currency yet. But if we suppose it is one, then to establish its ranking we  should compare its capitalization with the capitalization of other currencies. Which nobody has taken the effort to do until now, as far as I saw.

[orangeibmportD]

I think btcs were always the one, will always be the one and even it is one too

[jaocoincrypto18]

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

Still in number 1 because the value of 1 bitcoin is not equal ratio to other currencies like 1btc to $4,000 so therefore we need to expend $4000 just to have 1 btc but this ratio is for investment use only in which it is very hard for Bitcoin to be use as currency for now as it was not generally use in the establishments.

[WUUEX79]

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

You are right op bitcoin No. 1.
Only bitcoin the only best coin. In addition to the very high price, bitcoin is one of the best way to make money easily and it's undeniable until now, both popularity and functionality.

[illbaker4]

I am a newbie and so i am not well acqauinted with them too much except btcs. so how can i say whether others worth more than btcs or not

[musharaf]

In my opinion bitcoin in the ranking is on the number one position and the other currencies like dollar and so many other are less in value than bitcoin and in the future the people will shift from paper money into the virtual money and the internet usage will high like now the people are investing in the bitcoin due to which the bitcoin value will rise and in the future bitcoin will high.