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Author Topic: Bitcoin is the world’s 6th largest currency  (Read 5511 times)
SvonioneFromMangoCoinz
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June 02, 2018, 05:24:22 PM
 #281

I think to 2020 it will become No1 and the most popular currency in Europe and Asia  Wink
That is also what I want. But if bitcoin wants to be the number one currency in Europe and Asia, it is imperative that all countries in Europe and Asia accept bitcoin. But this will take a long time for countries to trust bitcoin

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cuteboy2016k
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June 02, 2018, 06:52:09 PM
 #282

May be in 2020 it will reached in top 1 because now days lot of peoples are interesting in bitcoin and more investors will buy bitcoin, if price reached $100k sure it will be top 1 and bitcoin is the first digital currency. bitcoin technology will change the world economy, I think countries and govt. should accept bitcoin for trading and buying, if it happens sure price will reached in moon
GeorgiyBilyk
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June 02, 2018, 06:58:18 PM
 #283

this is a very interesting observation! I'm sure that soon bitcoin will become currency number one! More and more state and business are turning their attention to bitcoin and the whole crypto market! the capitalization of the biticon is increasing, due to attracting all the big people - in the near future we will see it as currency number one!

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June 02, 2018, 07:00:47 PM
 #284


I think it is amazing to see bitcoin on that table.
cryptomichael87
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June 02, 2018, 07:12:29 PM
 #285

Circulation says bitcoin is the sixth largest currency in the world. Now the circulation of bitcoin is $180 bln. May be it will take the highest position in future.
microbb8
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June 02, 2018, 07:20:39 PM
 #286

My opinion is that 5 - 7 years will be needed Bitcoin to become the first. Most people are still skeptical about Bitcoin. But eventually they will accept it.

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June 02, 2018, 08:01:54 PM
 #287

My opinion is that 5 - 7 years will be needed Bitcoin to become the first. Most people are still skeptical about Bitcoin. But eventually they will accept it.
probably more than 5-7 years to be number one, if currently the bitcoin is only in position 6, because for now many negative issues about bitcoin, so it is very difficult to be ranked to one
boy130
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June 02, 2018, 08:07:43 PM
 #288

Not so bad for a little experiment. So it seems Bitcoin only need to grow about tenfold in order to become the largest currency in the world (in terms of circulation). However, the amount of circulating currency is a poor measure, so it doesn't really matter either way.
Joyeeta
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June 02, 2018, 08:10:20 PM
 #289

It could be top 6th largest currency right now, but hopefully soon it will be number 1 currency worldwide, because it has huge backing and so popular among people.

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June 02, 2018, 08:13:50 PM
 #290

6th position among the world currency is not too bad am sure by year 2020 bitcoin should be in the 1st position of largest currency and strongest currency in the world.
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June 02, 2018, 08:17:57 PM
 #291

6th position among the world currency is not too bad am sure by year 2020 bitcoin should be in the 1st position of largest currency and strongest currency in the world.

It's unlikely to achieve this by 2020, considering how 2018, and possibly 2019 look to be sideways trading years. We would need a revolution for it to approach number 1 within that time frame.
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June 02, 2018, 08:29:24 PM
 #292

Bitcoin bitcoin, being a decentralized network, opens the possibility of technological innovation. The software model of the bitcoin network, with open source code, facilitates the creation of additions and improvements based on the existing network.
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June 02, 2018, 08:42:15 PM
 #293

Bitcoin is a simple, elegant and modern replacement for the whole concept of money. And it has value for the same reason that it has paper money in your wallet: it simplifies the exchange of goods and services, and this is no longer the case with the fact that we had an antique barter market, but in a modern situation where network interactions through the Internet play a crucial role.
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June 02, 2018, 11:58:17 PM
 #294

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 ?


Such a great news to all users,  it means that bitcoin is too popular right now. It will surely become no. 1 as a currency  since the value increases and the investors are able to earn because of that.

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odolvlobo
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June 03, 2018, 12:29:24 AM
 #295

Well, here we are at 300 replies and only a handful of people have questioned the validity of the graph.

As I have mentioned in earlier posts, the chart is bogus. It is invalid. Bitcoin has no circulating currency, so its number is 0, making it last and not 6th.

I want to award merits to all of the people that questioned the validity of the chart, but sadly they are all members of signature campaigns and I don't give merits to members of signature campaigns.

Join an anti-signature campaign: Click ignore on the members of signature campaigns.
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June 03, 2018, 12:38:39 AM
 #296

I'm not sure that bitcoin will be the number one beat dollar. If that is possible then the percentage is very small.  According to my analysis, whatever the reason the crypto currency can not replace the fiat currency position. Especially that made me hesitate because bitcoin technologies lost to other crypto currencies that use more renewable technology. It's hard for me to make sure that bitcoin prices will skyrocket like some time ago. If possible, then bitcoin takes a long time to reach the number one position. Probably more than 5 years. But, I am still not sure. Yeah, let's see tomorrow.

Dswaggers
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June 03, 2018, 01:30:49 AM
 #297

It's really interesting to see bitcoin becoming the 6th largest currency in about 10 years. But for me its nice to see it amongst the top, but I don't think they are measureable is terms of fiat. It's crypto for one and the market is based on speculation, maybe some day it will jump to  #1 but when it fall, it might as well go and rank #100.

But to answer the OP questions regarding it being #1 in the future, my best estimate is around 2020-2022, I think the current number of crypto enthusiast will be doubled by that time. And all other crypto will made their mark around the top 10 as well, (ETH and Ripple and BCH).

As of now bitcoin is in the 6th place of the world largest currency and I believe that maybe in the next few years bitcoin is near in the top of tha ranking because of the bitcoin technologies use and it will known in all country....And because of that there will be posibility that many will dying to try to invest or buying bitcoin and effect of that the ranking that place bitcoin now will be going to near the top....
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June 03, 2018, 04:21:48 AM
 #298

We never say what will happen next , maybe it will be number 1 on the next years.Bitcoin is now on its popularization and more people are engage on it thats why theres a possibility that btc  will be one of the top currency.
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June 03, 2018, 04:27:57 AM
 #299

Bitcoin will have a place in the # 3 top of the currencies, USD, Euro and BTC
This time, BItcoin coin is developing very well, is a lot of organizations interested and used!
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June 03, 2018, 04:42:33 AM
 #300

Wow this is amazing. I know that bitcoin is a large currency, but did not realize it is in the top 10 list. This is awesome.
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