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Author Topic: Bitcoin is the world’s 6th largest currency  (Read 5505 times)
Emanammy
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June 09, 2018, 04:38:31 PM
 #401

Bitcoin is now the sixth most circulated currency in the world,behind five super powers, and outranking the pound, the ruble,and the won,according to the bank for international settlements.
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
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June 09, 2018, 04:43:05 PM
 #402

Only in few years, Bitcoin takes the 6th position, this speed is faster than my expectation, I never thought that Bitcoin reached this far in the world of currency so quickly.
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June 09, 2018, 04:43:54 PM
 #403

Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?

this is actually to be known, that the cryptocurrency with fiat currency is very different...ok, some people agree Bitcoin called as currency, but some not, because until now Bitcoin can not be used for grocery shopping and paying household bills,
and for governments that are said to be currency is a means of payment that is issued by a country.

this picture explains that economic observers still call Bitcoin currency, not cryptocurrency.
I really hope Bitcoin and some cryptocurrency can be accepted as a legitimate currency so that our transactions are safer and faster.


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June 09, 2018, 04:50:18 PM
 #404

To be a number 1 is in need of about 2 decades. Most eyes are joined as investments in the world but some rules in the FUD news world do not spread or show them openly. If you are happy then you can reach the highest peak so it becomes no, 1. Cool
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June 09, 2018, 04:52:38 PM
 #405

this is good news and interesting for those of us who use bitcoin, i love bitcoin to be the sixth currency in the world. I hope in the coming future bitcoin is not the sixth, it can be the number 1 in the world.  Grin
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June 09, 2018, 04:53:54 PM
 #406

Currently Bitcoin may be the sixth currency of the world, after Dollar, Euro, Yuan, Yen and Rupee, but who will know 5 or 10 years to come. Maybe Bitcoin will be the 1st currency in the World.
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June 09, 2018, 05:07:04 PM
 #407

Currently Bitcoin may be the sixth currency of the world, after Dollar, Euro, Yuan, Yen and Rupee, but who will know 5 or 10 years to come. Maybe Bitcoin will be the 1st currency in the World.
all these things can happen and that we can not expect right. let alone the longer the btc is also progressing and growing, and although btc up and down it does not make down btc to be able to grow again

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June 09, 2018, 05:14:47 PM
 #408

It will be surprising if bitcoin overtakes the dollar and become a top coin. But something tells me that the government will not allow it! just imagine if bitcoin has become very rare and the total supply of bitcoin is just less than 1 million bitcoin then definitely bitcoin trading volume will be more than today and experience a fantastic increase.
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June 09, 2018, 05:31:41 PM
 #409

Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?

It is great news that bitcoin is the world 6th largest currency. I cannot say when will bitcoin be number one, but i am hoping that someday bitcoin will be the number one currency in the world that everyone are using bitcoin and bitcoin is legalize in all over the world.

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June 09, 2018, 05:32:20 PM
Last edit: June 09, 2018, 10:26:44 PM by odolvlobo
 #410

Well, there are now over 400 replies to the original post, but only a few of those mention the fact that the chart is invalid. Most of the posts are just meaningless forum spam.

I have explained why it is invalid in a previous post, but I don't think that the people who are posting in this thread read any of the replies. So, here is my experiment...

I will give 1 merit to every person who replies and explains why the chart is invalid.*

*Restrictions:You must not belong to a signature campaign (no sense in feeding the parasites), and you must be Jr. Member rank or higher.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
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June 09, 2018, 06:27:48 PM
 #411

Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?
https://i.imgur.com/pa8YM7i.jpg

sorry for the ignorant question, but what makes a currency "larger"? Is this based on the amount of users? Because I see it's clearly not based on the actual value
Tim Murray
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June 09, 2018, 06:54:33 PM
 #412

It seems to me that Bitcoin in 10-20 days will grow more than $ 10,000. At least this scenario looks the most realistic and most profitable for large players.
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June 09, 2018, 07:12:03 PM
 #413

Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?


According to data of the international payment banks, Bitcoin has already left currencies like Ruble, Won, and Pound. But the better comparison would be M1 money supply. Here is the record from CIA https://www.cia.gov/library/publications/the-world-factbook/rankorder/2214rank.html
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June 09, 2018, 07:22:20 PM
 #414

Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?


I believe the next few years bitcoin can be ranked number 1. bitcoin is very easy to receive by the community because it is very profitable. people who work on bitcoin say they can buy something from their work on bitcoins.
the next few years will be more countries will receive bitcoin as a means of payment therefore I am very sure bitcoin can be ranked number 1.

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June 09, 2018, 09:25:17 PM
 #415

Bitcoin will be the largest currency in the years to come.
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June 09, 2018, 09:34:41 PM
 #416

this is a good development and i believe as time goes on bitcoin may top all the currencies in the world  due to its nature as a decentralized currency in the world. Internet and social media world is growing faster by day, so people are beginning to know more about cryptocurrencies either as a means of trading or as a means of investment to make profits which makes internet to gain more popularity.
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June 09, 2018, 09:39:38 PM
 #417

Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?

That doesn't surprise me that bitcoin is placed 6th. i think pretty soon bitcoin will be the no.1 currency in this world.I still don't know why people are still using paper money instead of crypto currency in that era.

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June 09, 2018, 10:00:10 PM
 #418

Bitcoin, though a decentralised currency but has gained more ground than most currencies of the world. Most nations dont want this because it will change the orientation of their fiat currencies. It has become more population even more than the currencies of some countries.
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June 09, 2018, 10:06:07 PM
 #419

Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?


This is a very great accomplishment that the industry has ever reached yet the room is still large for bitcoin to grow. It will take years and even decades for this innovation reach the top place of world's currencies but it is making progress and this goal is worthy to be part of.
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June 09, 2018, 10:25:44 PM
 #420

This rank is a process and it's a good process for bitcoin, it will continue moving, hoping for it to be at the top very soon
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