Bitcoin as a leading currency? - page 4.

Twentyonepaylots

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Quote from: Yatsan on January 29, 2020, 07:38:53 PM

Quote from: Iyanjr on January 29, 2020, 05:52:23 PM

Quote from: criza on January 28, 2020, 04:37:48 AM

Quote from: BennyK on July 01, 2019, 09:42:42 PM

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge and will always lead as the best currency in the future.

It will remain as investing tool as long as it has no real usage.
I can't buy anything with it "irl" - in 7/11 or something similar to it.
If it will have its usability - bitcoin will be unstoppable then

You can literally buy anything using bitcoin online, lot of online shopping website is accepting bitcoin, and majority of country are accepting bitcoin or it is legal on them. If you think that bitcoin has no usability, I think you are just new to bitcoin, read more and you will realize that bitcoin has a lot of usability, it's not just an investing tool.

Most people see bitcoin as a mere way to get rich apparently. Not knowing what is the real reason it was created in the first place. As of now, more and more establishments, businesses, and entities adopt payment through bitcoins. Which despite the high charges to compensate for bitcoin's volatility, is still a good step towards becoming a bonafide currency that everyone can use. So do your research, you should be able to see it.

Yatsan

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Quote from: Iyanjr on January 29, 2020, 05:52:23 PM

Quote from: criza on January 28, 2020, 04:37:48 AM

Quote from: BennyK on July 01, 2019, 09:42:42 PM

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge and will always lead as the best currency in the future.

It will remain as investing tool as long as it has no real usage.
I can't buy anything with it "irl" - in 7/11 or something similar to it.
If it will have its usability - bitcoin will be unstoppable then

You can literally buy anything using bitcoin online, lot of online shopping website is accepting bitcoin, and majority of country are accepting bitcoin or it is legal on them. If you think that bitcoin has no usability, I think you are just new to bitcoin, read more and you will realize that bitcoin has a lot of usability, it's not just an investing tool.

Iyanjr

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Quote from: criza on January 28, 2020, 04:37:48 AM

Quote from: BennyK on July 01, 2019, 09:42:42 PM

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge and will always lead as the best currency in the future.

It will remain as investing tool as long as it has no real usage.
I can't buy anything with it "irl" - in 7/11 or something similar to it.
If it will have its usability - bitcoin will be unstoppable then

CarnagexD

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Quote from: huige007 on January 29, 2020, 11:53:58 AM

Quote from: criza on January 28, 2020, 04:37:48 AM

Quote from: BennyK on July 01, 2019, 09:42:42 PM

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge and will always lead as the best currency in the future.

This is what I am focusing on, Bitcoin has gained such a stable and powerful state that not events or changes can affect its value. I am not saying that the value cannot drop, it maybe happen sometime but that is included in the nature of it. Eventual result would be the profit and increase every time. it is one of the best currency of the time and will become even more good in the near future.

However, despite the "power" it has right now compared to fiats and basically every cryptocurrency on the market, it's still goes by unnoticed. It hasn't even seen large use from people. So there's something wrong here. Bitcoin needed support from the public to thrive. And that is the missing factor in the equation. Even if your coin's. 100x mire powerful than USD, if people don't wanna use it. It won't succeed.

huige007

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Quote from: criza on January 28, 2020, 04:37:48 AM

Quote from: BennyK on July 01, 2019, 09:42:42 PM

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge and will always lead as the best currency in the future.

This is what I am focusing on, Bitcoin has gained such a stable and powerful state that not events or changes can affect its value. I am not saying that the value cannot drop, it maybe happen sometime but that is included in the nature of it. Eventual result would be the profit and increase every time. it is one of the best currency of the time and will become even more good in the near future.

criza

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Quote from: BennyK on July 01, 2019, 09:42:42 PM

Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.

Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge and will always lead as the best currency in the future.

Shasha80

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If comparing bitcoin with fiat currency from the amount in circulation, indeed bitcoin will be superior because the number of bitcoin is limited.
And the amount is certain under 21 mlllion, even though all bitcoin is successfully mined. Because there must be a bitcoin owner who loses, and
if bitcoin is lost it will be lost forever. Then with that bitcoin is unlikely to experience inflation like fiat, but bitcoin is weak as payment. Because
the price of the bitcoin volatile is less effective as payment. From my explanation, it is proven that bitcoin cannot be the leading currency,
because the main function of the currency is as a payment and bitcoin until now can not provide it.

hahay

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Quote from: FanatMonet on January 27, 2020, 09:52:44 PM

Unfortunately, the calculations may not have complete accuracy, because many people lost their bitcoins, forgetting the passwords or other data necessary for their use. Therefore, it is better to predict using several forecasts (15,17,19,21) of millions of coins.

Yes, and I doubt very much that some state will abandon the monopoly on the issue of its currency for bitcoin.

Right, but those who lost their password or other data I don't think the amount will spend the accuracy of the total available bitcoin, because usually those who experience the problem don't store large amounts of bitcoin, and hacking problems will certainly be bigger and come back, that's all will not diminish far from the total available supply. But still, bitcoin will not be able to become a leading currency because we know, every country will definitely maintain its own currency because that also becomes a country's identity and although bitcoin is adopted as a payment system, it will only be an alternative and not a leading currency.

Lecam

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Quote from: FanatMonet on January 27, 2020, 09:52:44 PM

Unfortunately, the calculations may not have complete accuracy, because many people lost their bitcoins, forgetting the passwords or other data necessary for their use. Therefore, it is better to predict using several forecasts (15,17,19,21) of millions of coins.

Yes, and I doubt very much that some state will abandon the monopoly on the issue of its currency for bitcoin.

Yes the calculations of bitcoin is not accurate and how many people hold it. And true some are losing there bitcoin because of there lack of security on there wallet some are getting hack some are getting loss there passwords so many are getting regret. Bitcoin is a leading crypto currency and this are continually be use of many people.

FanatMonet

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Unfortunately, the calculations may not have complete accuracy, because many people lost their bitcoins, forgetting the passwords or other data necessary for their use. Therefore, it is better to predict using several forecasts (15,17,19,21) of millions of coins.

Yes, and I doubt very much that some state will abandon the monopoly on the issue of its currency for bitcoin.

HarmonyA

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Bitcoin has not quite recently been a pioneer, introducing a rush of wave of cryptocurrencies based on a decentralized shared system, it's gotten the accepted standard for wave of cryptocurrencies, moving an ever-developing army of supporters and side projects.

Bitcoin keeps on standing out of wave of cryptocurrencies, regarding market capitalization, client base, and prominence.

NeironixNV

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Quote from: BennyK on November 01, 2019, 05:42:46 AM

Bitcoin in the cryptocurrency world, is the leading cryptocurrency because it has got the largest market cap and market dominance. Bitcoin is dynamic and based on the users needs may decide what to do with it. It is used as a currency in the payment for goods and services. Here, we use Bitcoin for payment of utility bills such as TV and mobile phone airtime. Bitcoin can also be considered as investment and assets.

Yes, Bitcoin now has the largest capitalization on the market (https://neironix.io/cryptocurrency/bitcoin), at least this makes it the leading cryptocurrency on the market, in addition, Bitcoin has one of the largest user networks, a cool community around the world.

BennyK

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Bitcoin in the cryptocurrency world, is the leading cryptocurrency because it has got the largest market cap and market dominance. Bitcoin is dynamic and based on the users needs may decide what to do with it. It is used as a currency in the payment for goods and services. Here, we use Bitcoin for payment of utility bills such as TV and mobile phone airtime. Bitcoin can also be considered as investment and assets.

Colt81

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Quote from: Lorna111 on September 29, 2019, 02:49:14 AM

For many years I have seen that bitcoin will always be the leading currency. There are thousands of other coins that entered the market but only bitcoin withstand for years and even moon wit the all time high price. No one knows and can predict the great future of Bitcoin.

Indeed. Bitcoin is gaining it's popularity since it was created, that is why more people are buying bitcoin than other cryptocurrencies that makes it the leading currency. Also, most coins in the market don't have any good value, that is why they are putting most of their coins in Bitcoin and other top altcoins like ETH, BNB, BCH, XRP, LTC and etc.

sirminesalot

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Quote from: Lorna111 on September 29, 2019, 02:49:14 AM

For many years I have seen that bitcoin will always be the leading currency. There are thousands of other coins that entered the market but only bitcoin withstand for years and even moon wit the all time high price. No one knows and can predict the great future of Bitcoin.

Crypto and Bitcoin currencies are especially created using technology and keep abreast of the times and all possibilities can happen without us being able to predict with certainty the confidence of investors who can make bitcoin survive and possibly will become the main currency and even crypto currencies too will be needed as technology develops

Lorna111

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For many years I have seen that bitcoin will always be the leading currency. There are thousands of other coins that entered the market but only bitcoin withstand for years and even moon wit the all time high price. No one knows and can predict the great future of Bitcoin.

princeyeboah

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Bitcoin is still growing and has strongly brought positive change in the life of its investors since its inception. Looking at Bitcoin growth spurt on the market, there is no doubt about the fact that Bitcoin has great future where it can surpass its ATH market price irrespective of the new coins entering the market.

ololajulo

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The space will return to the time where there was no altcoin with the market dominance of bitcoin even with the exchange fake volume of altcoins. If the space could revamp with reduced cases of scam and improve altcoin use case, we may not see the shortest ROI like bitcoin in 10 years but we will see good projects that will drive the space with sustainability like bitcoin

Shutup

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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 as a leading currency to all over the world. They cant beat bitcoin, because this is the only currency that gives life to many people especially the poor people that cant have their job or having no income. Because in here you can have profit as long as youre ready to learn how to earn money here.

Wonder_woman

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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 leading currency because bitcoin is the most expensive one who is using of all over the world. I believe bitcoin will be the best currency in the future that's why they want to eliminate bitcoin.

Topic: Bitcoin as a leading currency? - page 4. (Read 15096 times)