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Author Topic: Bitcoin is the world’s 6th largest currency  (Read 5505 times)
riyarana1123
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August 29, 2018, 03:43:23 PM
 #901

I think the bitcoin is one and the only best currency when its comes to online because it is the best mode of transfer your money which not even safe but also trustworthy  the other currencies are may be powerful but they do not provide any profit to us but bitcoin gives profit when investors sell it at the boom of the bitcoin market.So, in my opinion the bitcoin is number one currency and in up coming years it will goes more up.

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Tamrlan
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August 29, 2018, 03:53:38 PM
 #902

Bitcoin is indeed extraordinary as a newcomer to a currency. I am sure bitcoin can continue to grow rapidly with the condition that no one is greedy to play the price of bitcoin on the market. Within 3 to 5 years bitcoin might be number 1 as a currency.
Bitcoin is not a newcomer, bitcoin has been around since 2009. And there is no need to wait 3 to 5 years, because now Bitcoin has occupied the number 1 digital currency.


Future trends Bitcoin expects to be among the top3 currencies of the world, this is the technology to blockchain.
It is not easy to make bitcoin as one of the world's top3 currencies. There are still a number of countries that do not yet trust bitcoin, to make bitcoin one of the world's top3 currencies, needs support from all countries, especially countries that have the greatest influence on global growth.
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August 29, 2018, 04:21:42 PM
 #903

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 ?


 If this is officially True  that's a good news because the main goal why bitcoin is existing is to be currency. If this is really true then it a good news,  bitcoin is in the 6th place now so  A few more little steps to be the currency of all time

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August 29, 2018, 04:30:06 PM
 #904

Bitcoin can help us have a better future. In my opinion, Bitcoin is one of the highest in the world because of its volatility in the market and it also increases its time price over time. Bitcoin will be the highest value in the currency because it is also legalized and used.




I think the data about this is worth studying.
I was shaken by this graph and I want to see references and statistics about this. But I will give A for your efforts to share ideas and thoughts about ranking bitcoin as a currency. even though I believe that everyone has assumed that bitcoin is the main currency that has ever been used, I still want more statistical results for such conclusions.
babarian
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August 29, 2018, 04:46:36 PM
 #905

I think to 2020 it will become No1 and the most popular currency in Europe and Asia  Wink
I am not sure of your predictions, 2020 will soon come soon. and I think 2 years won't be enough for bitcoin to become the biggest currency. even though it can happen but it takes a long time to achieve this
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August 29, 2018, 08:22:53 PM
 #906

Step by step rank of bitcoin will rise same in coinmarketcap. Bitcoin become more popular and price will rise again. Possible in next 5 years Bitcoin will be the largest currency in the world. Lets wait and I believe price of bitcoin will double and even times 10 from the current price.
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August 30, 2018, 05:04:48 AM
 #907

This is a great journey so far for bitcoin to be among the top 6 cryptocurrencies in the world. Among these top currencies, bitcoin has experienced the most objections by many. Notwithstanding all these hatred towards bitcoin, it continues to grow stronger. I believe bitcoin will be among the top 3 currencies in the world in a few years to come.
DanielJacob
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August 30, 2018, 05:25:27 AM
 #908

Number sixth position is not appropriate for bitcoin because its popularity and its quality and features are meant to grab the number one position.
obadia
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August 30, 2018, 05:48:09 AM
 #909

This is ridiculous and absolutely fake!

They play on the concept of "circulation" they count hard cash circulation which would be 0 for bitcoin.

Therefor they count hard cash for the usual currencies and Monetary Mass for bitcoin. The Monetary mass of many other currencies is MUCH bigger than all cryptos together, ie UK has close to 500Billion Pounds.. three times all bitcoins...
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August 30, 2018, 06:08:42 AM
 #910

What were the yardstick  use in giving the position, I the only condition that will deny bitcoin the first position is the level of adoption, usage, and circulation. Just give bitcoin time it will become number in the list.
Shadesofglory
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August 30, 2018, 06:27:33 AM
 #911

Interesting to see the Bitcoin in circulation than the Pounds Sterling. I will definitely have to dig further on this information. No doubt, the US dollar being a world currency would surely dominate, it is expected, what I am finding hard to believe is the position of the British Pounds Sterling. I am not going to say this is a fake one, however, if the aim is to draw or get people involved with Cryptocurrency, it is spot on. That is if it's not Dead On Arrival already because we have some intelligent folks who would fault this conclusion.
obadia
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August 30, 2018, 06:33:30 AM
 #912

Interesting to see the Bitcoin in circulation than the Pounds Sterling. I will definitely have to dig further on this information. No doubt, the US dollar being a world currency would surely dominate, it is expected, what I am finding hard to believe is the position of the British Pounds Sterling. I am not going to say this is a fake one, however, if the aim is to draw or get people involved with Cryptocurrency, it is spot on. That is if it's not Dead On Arrival already because we have some intelligent folks who would fault this conclusion.

Please read my post (two over this one). It is not the case, there is confusion between Monetary Mass (or M0) and hard cash. M0 of the Pound Sterling is still much higher.
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August 30, 2018, 06:49:48 AM
 #913

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 ?

Well even as bitcion is seating as the 6th currency in world ranking and position bitcoin still perform a unique role which all the other currency can not which is peer to peer mode of sending and receiving money, and the borderless financial transactions and freedom it gives to it users. So iis still the king of all currency and the global currency.
MMS2017
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August 30, 2018, 06:57:46 AM
 #914

I think in value the bitcoin is the major currency but no body can calculate the exact amount and transaction s of crypto i believe that it is not transparent like dollars and pound etc so that's why it can not be judged accurately and for me it is the number 2nd currency after Dollar.

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obadia
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August 30, 2018, 07:26:38 AM
 #915

I think in value the bitcoin is the major currency but no body can calculate the exact amount and transaction s of crypto i believe that it is not transparent like dollars and pound etc so that's why it can not be judged accurately and for me it is the number 2nd currency after Dollar.

It is pretty hard to calculate the same for euros too. Countries mostly calculate what happens within their borders (GDP) but have a hard time calculating it globally. Only Us has a better idea since all US transactions go through US corresponding banks, but it is not the case for pounds or euros.
obadia
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August 30, 2018, 07:29:09 AM
 #916

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 ?

Well even as bitcion is seating as the 6th currency in world ranking and position bitcoin still perform a unique role which all the other currency can not which is peer to peer mode of sending and receiving money, and the borderless financial transactions and freedom it gives to it users. So iis still the king of all currency and the global currency.

I feel pretty free with USD or EUR on my account and a mastercard to pay litterally anywhere for a small fee...
kehed90
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August 30, 2018, 07:33:39 AM
 #917

Bitcoin is not the only digital currency despite receiving the most attention after its tremendous increase in value by reaching US $ 15,000 in early December.Since the beginning of November, MIOTA's value has increased by 774% and its increase has skyrocketed capitalization to US $ 12 billion, making it one of the top five digital currencies in the world, according to the financial news site MarketWatch.
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August 30, 2018, 07:37:45 AM
 #918

Bitcoin is not the only digital currency despite receiving the most attention after its tremendous increase in value by reaching US $ 15,000 in early December.Since the beginning of November, MIOTA's value has increased by 774% and its increase has skyrocketed capitalization to US $ 12 billion, making it one of the top five digital currencies in the world, according to the financial news site MarketWatch.

MIOTA has a market cap under 2Busd, and will most probably go lower sooner than later.
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August 30, 2018, 08:21:40 AM
 #919

Perhaps true, but it is not comparable to the real currencies that is governed and controlle by the government. Bitcoin is just like the new face of all these coins combined. Without the real money bitcoin could not exist because it has no physical structure like gold and it has only utility which exist in the digital world. So we cannot consider it as a comparison to fiat. But it is worth knowing that it has its place in that line-up in terms of value.

marcitosi
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August 30, 2018, 08:44:22 AM
 #920

I think that in ten years, bitcoin will be in first place and will overtake the dollar if it moves at such a rate

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