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Author Topic: Bitcoin is Already More Valuable Than Many National Currencies  (Read 381 times)
Pettuh4
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November 12, 2017, 08:30:50 PM
 #21

Bitcoin's actual price is above 7000$, there is no national fiat currency even near to this price. Even gold is a lot less than this price actually. So Bitcoin nowadays is one from the most valuable currencies and assets worldwide.
Bitcoin has a very limited quantity. You can compare prices directly the way you do.

 I believe it is this limit in quantity that has shot it up that high in value because it's always in demand and due to its limited supply on the market it is always growing in value and other currencies that it is being compared to don't have such limited supply.
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November 12, 2017, 08:46:26 PM
 #22

I believe it is this limit in quantity that has shot it up that high in value because it's always in demand and due to its limited supply on the market it is always growing in value and other currencies that it is being compared to don't have such limited supply.
The limited quantity of bitcoin is definitely a factor in the growing demand and it is good to see that bitcoin has crossed over 120 billion dollars and it is ranked thirty two in the world index which is really great considering the fact that it is less than ten years old and the major push started less than five years back.


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November 12, 2017, 08:52:16 PM
 #23

Bitcoin's actual price is above 7000$, there is no national fiat currency even near to this price.
The price has dipped below $7000 according to the market price on http://preev.com/ hope we our bitcoin recovers in no time...and i believe OP meant market cap in this comparison  Roll Eyes

Even gold is a lot less than this price actually. So Bitcoin nowadays is one from the most valuable currencies and assets worldwide.
I wouldn't agree more Cheesy
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November 12, 2017, 08:56:16 PM
 #24

Yes. Bitcoin is one of the most traded currency in the world today. It's worth more than most currencies of nations today. More than 16m in circulation for more than $6000 per one. It's really massive and its turning the business world around because every business wants to have their business around blockchain now.
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