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kenelmark
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April 16, 2018, 10:58:27 PM |
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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 ?
~snip
I don't think this is a fair comparison. Bitcoin is not treated as a currency. most of bitcoin transactions in exchanges are treated as commodity/asset. while Dollars and Euros are treated as both commodities and currencies. and also in almost every bitcoin transactions in exchange, other currencies, especially dollars, are always involved where bitcoin users refund bitcoin. |
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timerland
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April 16, 2018, 11:26:05 PM |
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All I can say is that these figures are very misleading.
I think the figures in this chart is most likely the amount of cash and coins in circulation. Even the M1 monetary supply which includes the most liquid forms of currency assets in the USA is over $3.6 trillion in the US. The figure for just bills and coins in USD however, is much lower, at $1.2 trillion.
Also, bitcoin currently is used as a speculative asset, while fiat is still the dominant currency used in commerce.
I agree that bitcoin is definitely progressing as a currency to really have an impact on the global scale, but BTC is definitely not that high up on the scales yet. Which is why i think BTC has a lot of untapped potential, as well.
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jayco25
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April 17, 2018, 12:35:49 AM |
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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 ? Wow this is kind of surprising. I was amazed by this information and I never thought that bitcoin have already reached this far in the world of currency. Possibly if bitcoin will be accepted by more countries then someday bitcoin could possibly hit the number 1 spot in the market. I am excited with this news and I am longing for more good news to come into bitcoin. I think 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. #Taklimakan |
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Krispin47
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April 17, 2018, 12:56:49 AM |
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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 ? im little bit late but I would give A for your effort on sharing such idea and thoughts about the rank of bitcoins as a currency. though I believe that everyone already assume that bitcoin is the leading currency ever used, I would still want more statistical results for such conclusions. I think data about this is worth researching for. |
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yanxuanyunshan4
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April 17, 2018, 01:06:24 AM |
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I am very happy to see bitcoin in the sixth place, and I believe that with the promotion of blockchain technology, people will accept the cryptocurrency, and bitcoin will be the first place in the future.
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MrCrank
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April 17, 2018, 01:22:17 AM |
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Great info!
I think need 10 years for it.
But this can happen early because Bitcoin is most popular crypto currency today.
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NathanJB
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April 17, 2018, 01:29:10 AM |
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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 ranked number 6, this is a big news for all Bitcoin users and believers. But sadly, even if Bitcoin is the world's number 6 currency, it is not actually utilized much as a currency. Yes, there are so many Bitcoin holders around the world, but only a smaller portion of these Bitcoin owners actually use Bitcoin as a currency. Many of them only hodl Bitcoin because they believe that Bitcoin would grow more expensive in the years to come. |
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nellakarisma
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April 17, 2018, 01:44:24 AM |
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everything that can develop should have a future. if bitcoin has no future. why doing bitcoin in create better i never know any bitcoin at all. if bitcoin is created in the absence of the future .because the tip end can be hurt. because we are already in love with bitcoin
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Sithara007
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April 17, 2018, 01:50:17 AM |
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And in December 2017, it was the world's 5th largest currency. The problem is that the alts are leaching off a lot of market cap from Bitcoin. Else, Bitcoin would have overtaken the Japanese Yen in terms of market cap by now.
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rhayot
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April 17, 2018, 02:01:52 AM |
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This is surprising that bitcoin is included and got compared to the main currencies that we are using across the globe. Indeed, bitcoin has already been recognized all around the world and it is the stepping stone of the bitcoin that it will be top or second world’s largest currency.
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kissme09
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April 17, 2018, 02:12:11 AM |
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This is a significant statistic, we all see that the new Bitcoin was popular recently, but it has gone through so many other potential currencies, and it is like a traditional currency. Bitcoin is becoming more popular and more anticipated by investors, I think it is possible Bitcoin will be able to surpass India's rupee next year.
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gold1112 (OP)
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April 17, 2018, 12:56:41 PM |
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This is a significant statistic, we all see that the new Bitcoin was popular recently, but it has gone through so many other potential currencies, and it is like a traditional currency. Bitcoin is becoming more popular and more anticipated by investors, I think it is possible Bitcoin will be able to surpass India's rupee next year.
As BTC will become more popular the other cryptocurrencies will become popular too. But for now I cant see any crypto that can be No1 instead bitcoin. |
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gold1112 (OP)
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April 18, 2018, 08:07:33 AM |
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This is surprising that bitcoin is included and got compared to the main currencies that we are using across the globe. Indeed, bitcoin has already been recognized all around the world and it is the stepping stone of the bitcoin that it will be top or second world’s largest currency.
Yes I think that bitcoin will be popular than USD. So we need to wait i think to 2020 if goverments dont ban btc. Time will show us the result! |
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JerryJam
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April 18, 2018, 08:46:46 AM |
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Bitcoin has significant differences from all other currencies.It's kind of unique.And it is the only decentralized currency in the world.I think that now it can be called a leader. Despite the fluctuations it still has the largest stomost.
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melonbtchunter
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April 18, 2018, 04:58:40 PM |
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Bitcoin is never named in competition with other currencies. So it's 1,2 ... the number is not something like that. Bitcoin and many expensive coins such as gold coins, silver, dollars, altcoin, blockchain etc. are many coins. But the price of Bitcoin is increasing now than other coins. The use of day by day is increasing in the world. This number 1 or number 6 depends on its demand and price. Currently it is the 6th highest currency in the world, but it will soon improve its rank.
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princess22
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April 18, 2018, 05:02:50 PM |
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Yeah its true nowadays bitcoin is the most popular currency in this worldwide today,many are competing but as what ive noticed bitcoin is the noisest currency and mostly talked about this,thats why i heared this too and now im joining already.
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CarltonWyatt
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April 18, 2018, 05:03:04 PM |
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I didn't know that. Very interesting. I do know that it consumes more electricity than allot of countries! its in the top 40 for energy consumption, beating off countries as big as Ireland! Im not saying this as a negative. I actually think its think huge expenditure of resources that make bitcoin what it is. POW all the way for me.
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malikusama
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April 18, 2018, 05:12:09 PM
Last edit: April 18, 2018, 05:43:16 PM by malikusama |
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There is no comparison at all because top fiat currencies have got a strong back on which economy of countries is based but while considering all the characteristics of bitcoin and by comparing it with all other currencies including fiat currencies it can be clearly seen that no currency comes even closer to bitcoin, that means bitcoin is still the number 1 currency of the world with purely decentralized network and volatile price.
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upekhaanthony
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April 18, 2018, 05:33:28 PM |
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Day by day bitcoin adding value. It gets some years to pass the Fiat currency value. Because normal people still have doubt on bitcoin, cryptocurrency and its technology. We need more successful project to achieve this market capital. Rules and regulations are the biggest obstacles for the cryptocurrency.
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removebeforeflight
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April 18, 2018, 05:37:45 PM |
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Wow, this is a great news about Bitcoin. I'm a Bitcoin lover and this news really motivates me and others who like and love Bitcoin as well. I think within another 5 years from now Bitcoin would pass each and every currency and would lead the world, Ethereum follows Bitcoin path and this is also a motivation for altcoin lovers I believe.
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