Bitcoin as a leading currency? - page 5.

buwaytress

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Quote from: vixcious on September 03, 2019, 01:25:58 AM

For loyal fans of Bitcoin, they often say that this is one of the top currencies and always want it to be a common currency.
But for me, Bitcoin is still just a digital asset and it's deflationary.
I only invest in it when it's cheap and will hold it because it will definitely increase every year. confess it is a wonderful asset, not inferior to real estate. It is definitely a good asset to invest from now on. but it certainly won't become a common currency, because the supply is too small.

That's what fans do, right?

You need only see the fans of the various forks of Bitcoin (I've really lost count by now) to see what they think is the leading currency. I suppose I can't be objective myself, can't see much beyond Bitcoin itself after all.

But in terms of currency for the sake of currency, it's still Bitcoin. Ask yourself which you can spend most easily, which you can obtain most easily, and which is in the most demand.

kennen1113

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Quote from: vixcious on September 03, 2019, 01:25:58 AM

For loyal fans of Bitcoin, they often say that this is one of the top currencies and always want it to be a common currency.
But for me, Bitcoin is still just a digital asset and it's deflationary.
I only invest in it when it's cheap and will hold it because it will definitely increase every year. confess it is a wonderful asset, not inferior to real estate. It is definitely a good asset to invest from now on. but it certainly won't become a common currency, because the supply is too small.

Obviously, bitcoin is just a valuable asset and it is similar to stocks, up or down depending on the needs and plans of the players, considering it as a leading currency is unreasonable because these are just rumors, rumors without clear information for the purpose of raising the value of bitcoin, the nature of bitcoin has consider as currency but saying it is the leading currency is not right. Besides, the purpose that people use it for is investment, not too many people mention the function of being a currency to bitcoin

vixcious

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For loyal fans of Bitcoin, they often say that this is one of the top currencies and always want it to be a common currency.
But for me, Bitcoin is still just a digital asset and it's deflationary.
I only invest in it when it's cheap and will hold it because it will definitely increase every year. confess it is a wonderful asset, not inferior to real estate. It is definitely a good asset to invest from now on. but it certainly won't become a common currency, because the supply is too small.

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Quote from: Irviyandi on June 07, 2019, 04:02:03 PM

Sense It is not possible if this bitcoin becomes the main currency because there are still many countries that have their own currencies and international world currencies are still held by the dollar and the like and most of the countries do not trust bitcoin as a currency because this bitcoin has no real form at all , so it is difficult for people to believe it

What other form must a currency be seen before accepting it? All the national currencies across the globe were created by men and decided to accept it as a form of payment for goods and services - such a basic principle to be understood by everyone. So this leads to the question, ''Why can't they accept Bitcoin as another form of currency because Bitcoin is not intended to displace any currency but rather to exist as another currency?"

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Quote from: OnceTwiceThird on August 31, 2019, 11:17:20 PM

Bitcoin become leader for all of altcoin, but price is not allowing of how altcoin situation. When bitcoin up altcoin look down and never for raising up, but when bitcoin down altcoin down.

Then you hear the word "cryptocurrency", you automatically associate it with Bitcoin even in this case, when you work with altcoins already. The real share of Bitcoin in the total market capitalization of all cryptocurrencies is 90 percent. And although according to the statistics of the main sites for monitoring cryptographic data, the level of dominance of Bitcoin is in the zone of 70 percent, the real numbers are much higher.
BTC will remain a leader for years.

OnceTwiceThird

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Bitcoin become leader for all of altcoin, but price is not allowing of how altcoin situation. When bitcoin up altcoin look down and never for raising up, but when bitcoin down altcoin down.

FlightyPouch

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Quote from: seanskie18 on August 31, 2019, 07:57:42 AM

Bitcoin will always be the number one of all cryptocurrency, as you can see on the market, Bitcoin remained the leading cryptocurrency and I think no one can surpass it's place.

In terms of its price, yes. I think that is the only reason why it is said to be number one. But in terms of usage, I don't think bitcoin is number one since there are a lot of more developed and more innovative crypto currency out there.

seanskie18

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Bitcoin will always be the number one of all cryptocurrency, as you can see on the market, Bitcoin remained the leading cryptocurrency and I think no one can surpass it's place.

BennyK

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Bitcoin is the leading cryptocurrency because it was the first cryptocurrency to be created and its ideology is a revolutionary one upon which many coins have been built on. It has capitalized the market with huge user base and almost every coin on the market is paired to it on the various trading or exchange platforms.

fiulpro

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I don't think there is any problem with paying and all the only problem that was there in the network was the high fee that the users paid for the transactions but at the same time you should know that that has been solved till to an extent by the lightning network.
We can actually pay without constraints , only some wallets do have a minimum value allowed for further transactions , but that is just the case with some wallets.
You can now just scan the QR code and pay the money and it will be okay in any way.

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So anyway, I applied as a merit source :)

Quote from: Rooster101 on July 08, 2019, 11:21:57 PM

The tremendous growth of bitcoin's popularity and usage around the world can establish itself as one of the leading currency and rival those fiats that has been used for many decades or centuries.

True that. Compared to any other monetary system bitcoin did surpass several odds to reach a notoriety that we have not seen for any other currency. I wont say its the top but it definitely is a force to be reckoned with.

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The price of the leading cryptocurrency continues its uptrend with a possibility of creating another all-time high this year.

The week it was a bit stagnant. I hope to see better movements this year though after last years sideways trading and bearish trend before that.

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But the use of bitcoin is still limited compared to the major currencies of the world and governments are used to centralized currencies where they can easily controls and manipulates it. Decentralized currencies like bitcoin may not become a major currency but it will remain the popular currency to those who want to become a financially independent.

The bigger attraction of bitcoin comes from the speculation regarding it. People speculate about its price and become happy that its going up so they buy it more. While financially it is still far from becoming an independent currency we can see the unregulated usage of bitcoin posing a threat to its own acceptance.

Rooster101

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The tremendous growth of bitcoin's popularity and usage around the world can establish itself as one of the leading currency and rival those fiats that has been used for many decades or centuries. The price of the leading cryptocurrency continues its uptrend with a possibility of creating another all-time high this year. But the use of bitcoin is still limited compared to the major currencies of the world and governments are used to centralized currencies where they can easily controls and manipulates it. Decentralized currencies like bitcoin may not become a major currency but it will remain the popular currency to those who want to become a financially independent.

AlehandroTheGreat

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today, I am thinking, that bitcoin is simply overhyped and overbought! It is not main currency of all cryptocurrencies, no. Bitcoin technology is old and transactions are not fast at all, there are a lot of potential coins which are not hyped, nobody is looking into technology all are looking on prices and markets nowadays.. people are tooo greedy Huh

BennyK

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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.

jakoylantern

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For me, bitcoin is still the leading cryptocurrency if you will check at the price chart. But there will be a chance the bitcoin might drop or become the 2 top cryptocurrency and another crypto become the next top 1. Cryptocurrencies value is volatile, so even the price gap is a way too far the other cryptos has still a chance notably if a big company, government, or influential person support it.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: toast on June 28, 2019, 12:39:22 PM

bitcoin is still growing now, and certainly in the future I believe that bitcoin will grow again. although sometimes bad news about bitcoin happens. but in essence bitcoin continues to grow and develop.

I dont see how bitcoin ever had any bad news. If you talk about speculation then a lot of blind followers make false assumptions and dream on them what would happen next. That is no way a news, just delusions. If you talk about people scamming crypto then its also got nothing to do with bitcoin because it was the transaction method used and not the scam itself.

As you can see if you look carefully through every "biased" news article out there, very few times have we had bad news for crypto mostly being declared illegal by other countries. Rest of the news is just speculation.

Ayiranorea

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Forever it gets served as the leading currency among the entire list of cryptocurrencies for varied reasons. First of all let's take its growth into consideration. By the month of February the price of bitcoin was close to $3000 and now we've reached a peak value of around $14000 which is more than four times the growth. This has taken place in less than five months time period. Other than very few altcoins no cryptocurrency have given with such a growth making it leading cryptocurrency.

toast

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Quote from: DainSLane on June 27, 2019, 02:45:19 AM

For how many years bitcoin has a good impact from many investors and still the bitcoin is leading currency and having huge of value in crypto market, there are several coins coming out in crypto space but bitcoin still strong and most popular to the people.

bitcoin is still growing now, and certainly in the future I believe that bitcoin will grow again. although sometimes bad news about bitcoin happens. but in essence bitcoin continues to grow and develop.

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Quote from: Kimonoe on June 27, 2019, 03:12:59 AM

bitcoin will be valuable if it gets the trust of its investors. the highest bitcoin trust level than other coins, each movement affects the movement of other coins. when the price drops, most other coins also go down, and vice versa.

Bitcoin is already valuable and you know how much it is worth today? So there's no question that bitcoin will be valuable in the future or not, because it already is. And let us admit the fact that even if bitcoin has shortcomings, still it is the top cryptocurrency until now and the altcoins which are trying to imitate or beat its features, can't even get half of its users.

Kimonoe

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bitcoin will be valuable if it gets the trust of its investors. the highest bitcoin trust level than other coins, each movement affects the movement of other coins. when the price drops, most other coins also go down, and vice versa.

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