Bitcoin as a leading currency? - page 10.

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Quote from: FlightyPouch on May 30, 2019, 10:00:23 AM

Quote from: cipherer on May 30, 2019, 09:14:10 AM

Now we are in 2019, did Bitcoin make a step to be a leading cuurency?

What do you mean by that? Bitcoin is the leading crpyto currency in the market and I don't think there would be another crpyto that will surpass bitcoin. It will not make a step since it is already ahead of other altcoins in the market. It is now 2019 and it is still the leading currency despite that fact that it is been a long time since its release. It just proves how strong and patient its users and investors

Obviously, he meant Bitcoin as a currency

Not as a cryptocurrency. So it is not about making a step toward becoming a leading cryptocurrency (as you correctly noted, Bitcoin is already there by and large). It is more about conquering the fiat world. Indeed, it is hard to compete with such currencies as the US dollar or Euro, which are fiat kings in their own right. But there are other, second and third tier fiat currencies, and among those Bitcoin reigns supreme, by and large (again)

AjithBtc

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Bitcoin hasn't gained such a big acceptance to be the leading currency, but from my experience it seems to be the leading cryptocurrency. We cannot have something promised about the future of bitcoin, the change can happen anytime. Possibly when things get advanced and people are in need for better things surely bitcoin will get overtaken along with some other technology taking the lead.

ethereumhunter

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We know bitcoin still leading cryptocurrency but bitcoin is not leading currency because many countries still not accept bitcoin as a new currency and they still think or discuss the regulation. Let us accept the reality about this, and we can continue to follow the bitcoin journey because I think that bitcoin has a big opportunity to be a new currency for every country because bitcoin itself can break the limit of every country and with bitcoin, people will have a new way to make money.

FlightyPouch

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Quote from: cipherer on May 30, 2019, 09:14:10 AM

Now we are in 2019, did Bitcoin make a step to be a leading cuurency?

What do you mean by that? Bitcoin is the leading crpyto currency in the market and I don't think there would be another crpyto that will surpass bitcoin. It will not make a step since it is already ahead of other altcoins in the market. It is now 2019 and it is still the leading currency despite that fact that it is been a long time since its release. It just proves how strong and patient its users and investors.

cipherer

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Now we are in 2019, did Bitcoin make a step to be a leading cuurency?

ajochems

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Upto now,bitcoin is the leading cryptocurrency.The price of bitcoin is fluctuates from 19k $ to 8500$ now.But still now the value of bitcoin among the cryptocurrency and investors is always at the number 1 position.The of bitcoin is 8500$ and in the sense of value also bitcoin on the top of cryptocurrency.
So this will makes the bitcoin replace the world currency of Dollar.

intoy_victor

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Yes bitcoin right know is leading all crypto currencies then still bitcoin surpass and dominating the crypto world. If we based the price of any crypto currencies bitcoin is the number one but if we based on stock maybe etherium is bigger than bitcoin. Bitcoin has a stock supply of 21 million bitcoin while etherium is 2 billion etherium.

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Quote from: SirLancelot on March 20, 2018, 04:28:31 AM

Quote from: Zaarin on March 16, 2018, 09:53:56 AM

We can make known that bitcoin is each and every one popular today and it always appeared in social medias. Gaining those leadership to become concerning top amid new currencies is definitely amazing. But I dbbbvcon't think that it will be upon summit for long, in front the definite idea supply of bitcoin are in the region of mined in which it could in fact produce a consequences bitcoin's price. And we can't denied that USD is having a deafening fund and behind unqualified supply, and it was supported by all countries as a global currency unlike bitcoin. Possible that bitcoin will step aside and USD will pretend to have focus on happening after bitcoin.

Bitcoin is far better than all the national currencies of the world and USD has been facing a tough time due to EURO for a long time now. Bitcoin is better than both of them.

It is the future of money and some day in the future, it will take over all other currencies, whether digital or physical. It has been ruling the digital market for a decade now and this shows how much powerful and valuable it truly is.

Bitcoin is first decentralized currency now an accepted form of payment in dozens of countries around the world. As more countries begin to adopt this innovative technology, it’s clear that Bitcoin has the potential to become the new global currency not tied to a specific country or central bank.

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Quote from: Zaarin on March 16, 2018, 09:53:56 AM

We can make known that bitcoin is each and every one popular today and it always appeared in social medias. Gaining those leadership to become concerning top amid new currencies is definitely amazing. But I dbbbvcon't think that it will be upon summit for long, in front the definite idea supply of bitcoin are in the region of mined in which it could in fact produce a consequences bitcoin's price. And we can't denied that USD is having a deafening fund and behind unqualified supply, and it was supported by all countries as a global currency unlike bitcoin. Possible that bitcoin will step aside and USD will pretend to have focus on happening after bitcoin.

Bitcoin is far better than all the national currencies of the world and USD has been facing a tough time due to EURO for a long time now. Bitcoin is better than both of them.

It is the future of money and some day in the future, it will take over all other currencies, whether digital or physical. It has been ruling the digital market for a decade now and this shows how much powerful and valuable it truly is.

thelma987

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We can't really say for now, because of the state in which bitcoin is now; with the current rise and fall in it's value and countries not legalising it to be a currency spent in our daily activities, also coupled with the fact that it has to withstand a very high competition with major currencies like USD, YN, EUR. So, we can't really see it as a leading currency even though it's pretty profitable; the pressure on this currency is too much already.

tbterryboy

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Quote from: cipherer on May 05, 2017, 09:28:46 AM

The economic reach of Bitcoin is an interesting subject of discussion. In the end there will be a maximum of 21.000.000 BTC. BTC is a eight-digit number.
I suppose that a currency can only be leading if it has the possibility ta pay in small amounts, equivalent tot e.g. dollarcent or eurocent. This statement limits the range of BTC, will the satoshi be the future euro/dollarcent?
In that case the maximum money supply wil be BTC 21.000.000,00000000 is e.g. EUR 99.999.999.999.999,99 (by the way: interesting exchange rate).
The money supply in the Eurozone (M3) is over EUR 10.000.000.000.000
So without any constraints, the structure of the BTC satisfies the necessary condition.
Let's inventory the other constraints.

Bitcoin is the number one cryptocurrency and has been the first since the world came to realize cryptos. Well, you can say it’s because it was the first to be released.But when considering everything that has to do with the market, Bitcoin is not the number one. But it has been able to maintain a good position.

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We can make known that bitcoin is each and every one popular today and it always appeared in social medias. Gaining those leadership to become concerning top amid new currencies is definitely amazing. But I dbbbvcon't think that it will be upon summit for long, in front the definite idea supply of bitcoin are in the region of mined in which it could in fact produce a consequences bitcoin's price. And we can't denied that USD is having a deafening fund and behind unqualified supply, and it was supported by all countries as a global currency unlike bitcoin. Possible that bitcoin will step aside and USD will pretend to have focus on happening after bitcoin.

ronics

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If you say bitcoin is a leading currency in a cryptocurrency too.because everyone agree but if you say about comparing bitcoin and a dollar or Euro then the bitcoin is out dated yo defeat everyone fiat money controls a government and basically get out of bounds so there just created much while the bitcoin also gets limited so won't be enough for bitcoin to dominated fiat and of course the government do not really agree with those another idea of bitcoin become a leading currency .

Innocant

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When you look at the market bitcoin still the one leading and next is etherium and i think no one can surpass on it. Because bitcoin was always using to the people in the other country even on my country also bitcoin was known always.

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Quote from: xhomerx10 on May 05, 2017, 09:39:22 AM

Sovereignty
Stabililty
Scalability

About stability Bitcoin has no stability because its price goes up and down whenever and now it is going down, maybe it will collapse.
But regarding the total amount of supply that is fixed, it can not be added, as is the stability of the quantity produced.

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Quote from: cipherer on May 05, 2017, 09:28:46 AM

The economic reach of Bitcoin is an interesting subject of discussion. In the end there will be a maximum of 21.000.000 BTC. BTC is a eight-digit number.
I suppose that a currency can only be leading if it has the possibility ta pay in small amounts, equivalent tot e.g. dollarcent or eurocent. This statement limits the range of BTC, will the satoshi be the future euro/dollarcent?
In that case the maximum money supply wil be BTC 21.000.000,00000000 is e.g. EUR 99.999.999.999.999,99 (by the way: interesting exchange rate).
The money supply in the Eurozone (M3) is over EUR 10.000.000.000.000
So without any constraints, the structure of the BTC satisfies the necessary condition.
Let's inventory the other constraints.

They say it is leading currency because bitcoin now is the king of all coins it is leading because a lot of people now are keep working in it

Palider

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Well we can say that bitcoin is the king of all coins, and also even if there is a thousand icos or alt coins around the crypto word. Still bitcoin is number one, the bitcoin price is much much more though well you can see it as of now its increasing and lot of predictors and analysis been talking about the bitcoin as a currency on the near future.

IndzheborgC

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For states, currency is one of the elements of sovereignty. Regulation (weakening) of the exchange rate allows us to make our products competitive in international markets. Not many states with weak economies will agree to switch to bitcoin.

The deflationary model of bitcoin will reduce the volume of investments, although their quality will be higher.

In my opinion, the function of bitcoin is the preservation of the cost of savings - an analogue of precious metals.

goku1525

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Quote from: Theones on March 07, 2018, 07:45:53 AM

In my opinion bitcoin is a leading cryptocurrency, not currency now. But it's good question, coz maybe in the future the value of btc will increase much and who knows what will be after 5years?

Bitcoin is very demand for people because of the price. Bitcoin is the number one leading in terms of currency. Its very trusted about this currency due to the securities and very reliable site. In all time of my life ,this currency has a good future than other currency .Even a lot of discrimination, bitcoin is totally doing good in prices and thoughts in country .

Theones

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In my opinion bitcoin is a leading cryptocurrency, not currency now. But it's good question, coz maybe in the future the value of btc will increase much and who knows what will be after 5years?

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