Topic: Bitcoin as a leading currency? - page 6. (Read 15125 times)
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 not possible to be the main currency. because indeed if we look at this it is not possible with fluctuating prices and also very risky. but with the blockchain later it can provide a new thing that might also be a digital payment option.
I agree with you that bitcoin will not be a major currency, because besides the price is not stable, there are still many countries with low levels of public education so that it would be difficult if using bitcoin. Besides that there are still many internet networks that are slow.But if this is an alternative currency, I am sure it will be usable because this is a reasonable choice for middle and upper class people who have mastered technology and already established economic levels.
I think that bitcoin was the leading digital currency in the past years and i think this can be the leading currency in future as well, there are some coins that can give bitcoin tough time but i am not sure most of them reach to the level of bitcoin in future. I hope that upto next year bitcoin value may increased more.
Bitcoin has always been the leading crypto currency, it's dominant rate will simply explain it.
Now, it dominant rate has increase to 62% and will continue to grow as bitcoin continues to pump, though some of us don't want to see this as it could affect the growth of altcoins but that's what it is now, people are trusting more in bitcoin compared to the combined altcoins.
If you said bitcoin is the leading currency in the crypto currency then everyone will be agree, but if you are talking about comparing bitcoin and Dollar or Euro then bitcoin will never defeat them, fiat money is controlled by the government and basically got no limit because they can just create more, while bitcoin got a limit, so there wont be enough for bitcoin to dominate fiat and of course the government will never agree with the idea of bitcoin become a leading currency
I'm also not too sure if bitcoin can be a major currency, all countries already have FIAT currencies which are the main currencies of their respective countries, even bitcoin is also not registered legally in global currency trading securities. therefore the possibility is very far if bitcoin becomes the main currency.To use bitcoin as a major currency, we need approval from every government in all countries, and that is not easy as said because many of them don't trust cryptocurrency, especially bitcoin. They still find and learn more about cryptocurrency, and I think if they can see the benefits of using cryptocurrency, soon they will try to use cryptocurrency and bitcoin for making a transaction.
Bitcoin is not possible to be the main currency. because indeed if we look at this it is not possible with fluctuating prices and also very risky. but with the blockchain later it can provide a new thing that might also be a digital payment option.
I agree with you that bitcoin will not be a major currency, because besides the price is not stable, there are still many countries with low levels of public education so that it would be difficult if using bitcoin. Besides that there are still many internet networks that are slow.But if this is an alternative currency, I am sure it will be usable because this is a reasonable choice for middle and upper class people who have mastered technology and already established economic levels.
BTC has proved that it the coin stood still.
Bitcoin will still be a leading currency till his market's cap becomes lower than other crypto currencies.
Still there's a long way to go, sure there will always be several bitcoins lost till the last mined one.
Nevertheless maybe someone realizes a new solution to keep up and make up new addresses into Bitcoin.
Still there's a long way to go, sure there will always be several bitcoins lost till the last mined one.
Nevertheless maybe someone realizes a new solution to keep up and make up new addresses into Bitcoin.
I think that bitcoin was the leading digital currency in the past years and i think this can be the leading currency in future as well, there are some coins that can give bitcoin tough time but i am not sure most of them reach to the level of bitcoin in future. I hope that upto next year bitcoin value may increased more.
If you said bitcoin is the leading currency in the crypto currency then everyone will be agree, but if you are talking about comparing bitcoin and Dollar or Euro then bitcoin will never defeat them, fiat money is controlled by the government and basically got no limit because they can just create more, while bitcoin got a limit, so there wont be enough for bitcoin to dominate fiat and of course the government will never agree with the idea of bitcoin become a leading currency
I'm also not too sure if bitcoin can be a major currency, all countries already have FIAT currencies which are the main currencies of their respective countries, even bitcoin is also not registered legally in global currency trading securities. therefore the possibility is very far if bitcoin becomes the main currency. 
Nobody would want their currency to be fluctuating so much that the value they have today could be have less value tomorrow.
also it is finite which will eventually run out. what I think is that bitcoin and block chain technology is the stepping stone for a better
newer cryptocurrency that is accepted in every country.
also it is finite which will eventually run out. what I think is that bitcoin and block chain technology is the stepping stone for a better
newer cryptocurrency that is accepted in every country.
Regardless of these considerations, Bitcoin or another decentralized cryptocurrency can never be the leading one among other currencies. She will walk predominantly between citizens. Whether it will be massively used by business structures will depend on how complete and favorable it is for legalization on the part of states. The states themselves are unlikely to use it very widely due to its high price volatility.
However, even by its nature, a decentralized cryptocurrency can walk in society only together with a common currency and cannot replace it.
However, even by its nature, a decentralized cryptocurrency can walk in society only together with a common currency and cannot replace it.
Bitcoin was the main reason why the market volatility is happening, and why most of the altcoins are dumped its price value in the market also.
This could be the reason why bitcoin embraced by investors for almost 1 decades. The impossible price for it was still happened because of this investors who believed in it.
This could be the reason why bitcoin embraced by investors for almost 1 decades. The impossible price for it was still happened because of this investors who believed in it.
Bitcoin is not possible to be the main currency. because indeed if we look at this it is not possible with fluctuating prices and also very risky. but with the blockchain later it can provide a new thing that might also be a digital payment option.
Because it pioneers the digital currencies and being the first one. I think it is just a disrespect if some coin would exceeds its price. Also bitcoin had proven anything what skeptics says and being a top currency it would still be develop to be the one used for the cashless society era.
The development will continue, and that is good because it will result to an increase of adoption. Even how many good coins will exist in the market, and even better than bitcoin is actual used case, but you cannot change the reality that people are supporting bitcoin more compared to altcoins, with bitcoin being in the top, the market is performing well in overall, so it's better not to change anything.
Because it pioneers the digital currencies and being the first one. I think it is just a disrespect if some coin would exceeds its price. Also bitcoin had proven anything what skeptics says and being a top currency it would still be develop to be the one used for the cashless society era.
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
If what is meant is money as a means of physical payment, of course the most important thing is the US dollar, because it can be accepted as a means of payment throughout the world. Besides that the US dollar is not too volatile like bitcoin.But for digital currencies, bitcoin is in a prime position to be used in countries that have legalized cryptocurrency. Bitcoin is the most popular because in addition to being a payment tool, Bitcoin is also traded or a profitable investment in the future.
yea , it can be mined at all , but the circulation will not as like that , there r much bitcoin are saved on cold wallet and that hardware was lost
I see BTC more as a future store of value, like a digital gold bar... besides the obvious opposition of the banking system, that will undoubtedly create their own bank/governmental coins, there is the matter of the scalibility needed to preform millions of small transactions... there are a few alts moving that way, but not BTC (Lightning network still has a lot to show, and will remain a patch)
well, this is because the total supply of bitcoin is very limited and the influence of bitcoin demand is very high so that it will make bitcoin one of the alternatives to save the money you have into bitcoin, but you have to be careful when putting your money in bitcoin because nobody know how the conditions of bitcoin in the future.
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
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.
Well im sure it would be really bad, BTC is already become a leading cryptocurrency and its make the market so volatile cause almost all coins are following the bitcoin price. I do think its not health for crypto company cause they could be drag down by the bear market. I do believe we still need a stable coins as a leading currency instead of bitcoin. 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.
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