Bitcoin Forum
April 26, 2024, 04:07:34 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: If you think Bitcoin is the world's most widely used cryptocurrency,you're wrong  (Read 562 times)
Astvile
Sr. Member
****
Offline Offline

Activity: 1484
Merit: 276



View Profile
October 06, 2019, 10:09:41 AM
 #41

Tether isn't the most widely used it is the most traded coin lol. Cheesy
Bigger trades don't indicate that it is more widely used compared to bitcoin which has lower monthly trading volume. Bitcoin is still the most widely used cryptocurrency up to date. Trades don't indicate that a coin is being used, maybe Tether trading is more profitable than bitcoin trading for them that's why the trading volume is larger.

[ monero.cx ]        CREATE A NEW EXCHANGE
  Contact Us            PGP Key            Mirror URLs  |
████████████EXCHANGE ████████████
Be very wary of relying on JavaScript for security on crypto sites. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
teosanru
Hero Member
*****
Offline Offline

Activity: 2100
Merit: 618


View Profile
October 06, 2019, 10:18:48 AM
 #42

If this is really the case, shouldn't it be worded as "most traded cryptocurrency" rather than "most widely used cryptocurrency"? Because as far as I know, though Tether is being widely traded for sure, not only for BTC, but for other alts, but I'm pretty sure Tether is very rarely being used as a method of payment and as a store of value, which actually people use bitcoin for. There's a quite significant difference between "most widely used" and "most widely traded". It really depends on user intent.
It is being used as a store of value as far as I know. People do use it as storing their funds in times of bear run when they expect prices to be driven down. Usage here is a dubious word. Usage can be taken in two senses, but i agree with you Cryptocurrencies are currencies which mean that they should be used as an medium of exchange so in literal sense usage in case of Cryptocurrencies should be determined by transactions only so yes Bitcoin is still the leader. But i think people still store a hell lot of money in USDT to protect themselves from volatility of market.
bounceback
Sr. Member
****
Offline Offline

Activity: 2016
Merit: 281


Vave.com - Crypto Casino


View Profile
October 10, 2019, 07:56:53 AM
 #43

actually we think if you say that maybe we are not the wrong person but you misinterpret Tether and bitcoin in our opinion, bitcoin is one of the cryptocurrency that is currently widely used by many people in the world, whereas cryptocurrency Tether is supported by fiat currencies for decentralized exchange.

Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!