Bitcoin is now Among The Top 30 Currencies in The Entire World

AicecreaME

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It can really happen. I always believe that btc will soon be part of top10. Its existence is going numerous and many had already using it for everyday expenses indirectly through currency conversion.

The ranks of cryptocurrency doesn't define the worth of bitcoin, even bitcoin is not on the top 10, it's value and potential will not be change by that. Bitcoin will be still bitcoin, we cannot change the fact that it is the most superior coin we have in the cryptocurrency world that always dominate this market even in the tough times like the bearish market. Bitcoin continue to stand against the odds and always succeed in the end.

This year will be like what we have had in 2017, I hope, bitcoin's price will skyrocket before the bitcoin halvinig happens so we have to stay alert to make profits before this bear market get worst.

Kyraishi

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Quote from: bounceback on October 10, 2019, 09:07:40 PM

I am a little doubtful about the article you gave true or false that bitcoin has defeated 30 currencies and bitcoin is the only currency that is higher than 30 currencies around the world, maybe I don't know many news like that but if it really is it's true that so many bitcoin holders will be more proud to hear the news.

I think it's a bit overexaggerated and there may be small issues with it, but I think everyone would be able to agree that we can all classify Bitcoin as a top 40 or 50 currency.

It's market cap is huge in the recent years and you can just compare to some economies in other countries and you'll easily be able to see the difference between them.

Pretty good news, I haven't actually seen a comparison of this.

bounceback

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I am a little doubtful about the article you gave true or false that bitcoin has defeated 30 currencies and bitcoin is the only currency that is higher than 30 currencies around the world, maybe I don't know many news like that but if it really is it's true that so many bitcoin holders will be more proud to hear the news.

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Quote from: hugeblack on September 29, 2019, 11:00:30 AM

Categorizing currencies based on market capacity and then making comparisons based on their relationship with fiat money is a futile comparison.
MarketCap= price * Circulating Supply. ----> We have about 21 million currencies and the price is boundless "cannot go up to unlimited."
Governments can print more money "after several conditions" and thus can easily modify the market capacity.

In terms of daily use, the number of stores that accept Bitcoin payments is still small compared to regular stores. Do not forget that part of the stores that accept BTC payment do so through third parties (BTC ---> Fiat.)

I agree that market cap does not seem to be an appropriate way of comparing currencies. Bitcoin has its users, and perhaps this could be used as a factor to make such a list. And maybe Bitcoin could be on such a list among the top-30 currencies by users, it's hard for me to say. However, this also would not be the best way of making the list, since Bitcoin is mainly used for purposes that have little to do with the functions of money. It's used as an investment or for trading purposes a lot, and I don't think this should count. If we talk about the adoption by retailers, though, unfortunately, Bitcoin is barely used and would be far behind typical local fiat currencies.

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Quote from: spadormie on October 03, 2019, 09:27:06 AM

Dude, what you posted was a blog. Most blog are masked by the opinion of the writer. Opinion. This could be true and at the same time it could not be true. Although this is one of I'm dreaming of in bitcoin to achieve and for it to become the number one currency. But remember, bitcoin needs fiat to work.

Did you even read the blog? This is no opinion

https://bitcoinist.com/top-30-currency-bitcoin-korea-nasdaq/
https://www.cryptopolitan.com/bitcoin-in-top-30-currencies-worldwide/
https://cryptopotato.com/bitcoin-is-among-the-top-30-largest-world-currencies-despite-being-down-50-from-ath/

Quote from: Pumared on October 04, 2019, 09:12:46 AM

Quote from: spadormie on October 03, 2019, 09:27:06 AM

Dude, what you posted was a blog. Most blog are masked by the opinion of the writer. Opinion. This could be true and at the same time it could not be true. Although this is one of I'm dreaming of in bitcoin to achieve and for it to become the number one currency. But remember, bitcoin needs fiat to work.

What has been said has its real background although it does not contain a serious source for checking the information given. But from this blog post anyone can research more about it in a place that finds it best.

See above.

Quote from: timerland on October 02, 2019, 10:01:18 PM

Pretty surprising to see Bitcoin have a top 30 ranking by value, but be accepted literally no-where, the graph really does show a stark contrast between it's adoption rate and market cap.

Quote from: Paecga129 on October 02, 2019, 12:02:49 PM

this is no surprise. Bitcoin mining uses over 1% of global energy expenditure. That's pretty big amount when you think about the amount of electricity we use worldwide. Therefore, Bitcoin being in the top 30 cryptocurrencies make sense because of course it is being accepted all over the world.

1 percent isn't that much to be fair, but it is a very sizeable amount, a lot of companies and other operations will use a lot more.

Quote from: hahahafr on October 02, 2019, 08:18:12 AM

Haa! That's a great achievement however our goal and vision is aiming at the skies where cryptocurrencies is seen as the first currency which is widely used by everybody across the globe. It's a wide guess into the future but i believe it would surely come to pass someday.

Maybe one day it'll be top 20, or a top 10 currency in the world

BS I spend bitcoin very often and it is accepted at many places.

Pumared

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Quote from: spadormie on October 03, 2019, 09:27:06 AM

Dude, what you posted was a blog. Most blog are masked by the opinion of the writer. Opinion. This could be true and at the same time it could not be true. Although this is one of I'm dreaming of in bitcoin to achieve and for it to become the number one currency. But remember, bitcoin needs fiat to work.

What has been said has its real background although it does not contain a serious source for checking the information given. But from this blog post anyone can research more about it in a place that finds it best.

Oceat

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Quote from: spadormie on October 03, 2019, 09:27:06 AM

Dude, what you posted was a blog. Most blog are masked by the opinion of the writer. Opinion. This could be true and at the same time it could not be true. Although this is one of I'm dreaming of in bitcoin to achieve and for it to become the number one currency. But remember, bitcoin needs fiat to work.

Comparing fiat to a cryptocurrency is a bit weird.

It's true that Bitcoin really need fiat to work and I don't think it belongs to that list. The author of that blog is giving a different idea about of Bitcoin. Bitcoin is already in the top of all cryptocurrency and there's no one that could change that fact.

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Quote from: mamamu111 on September 26, 2019, 11:17:24 AM

Bitcoin is now Among The Top 30 Currencies in The Entire World!!!

READ THE COMPLETE ARTICLE HERE: http://worldpublicityblog.com/index.php/2019/09/26/bitcoin-is-now-among-the-top-30-currencies-in-the-entire-world/

Bitcoin deserves to be on the top chart of the world currency, although bitcoin is still new we can say that it also trying to inclined with other older cryptos. Bitcoin’s rapid growth over the years has made the cryptocurrency a factor that can no longer be ignored. In fact, the steady decline of the purchasing power of the USD raises questions of whether one should keep Bitcoin or the US Dollar.Bitcoin is becoming a force to be reckoned with in the global currency market as it’s already a part of the top 30 currencies.

karanggatak

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bitcoin deserves to be currency in a world wide. im sure bitcoin player can make transaction in every country using bitcoin, and many store accept it, though in some country they provide this service because profitable for both sides.
in a fact, in my country, you cant make transaction because it illegal. you cant keep but you cant buy and sell using bitcoin.

Pumared

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Quote from: mamamu111 on September 26, 2019, 11:17:24 AM

Bitcoin is now Among The Top 30 Currencies in The Entire World!!!

READ THE COMPLETE ARTICLE HERE: http://worldpublicityblog.com/index.php/2019/09/26/bitcoin-is-now-among-the-top-30-currencies-in-the-entire-world/

This shows discontent and a possible fear of a crisis, see the Chinese currency first. Should the big economies fall the most likely is the rise of bitcoin because it is safer and a better store of value.

ReiMomo

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Well in my own opinion and base on my research bitcoin is still not in the top 30 currencies in the entire world but it near to be number 30 and I look forward on that to happen. This time bitcoin will have a higher chance to be on top 30 because it is now well known and more people are now using it compare before. This is also the goal of the founder of bitcoin, Nakamoto want bitcoin as a number one digital currency on internet.

qwertyup23

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Quote from: mamamu111 on September 26, 2019, 11:17:24 AM

Bitcoin is now Among The Top 30 Currencies in The Entire World!!!

READ THE COMPLETE ARTICLE HERE: http://worldpublicityblog.com/index.php/2019/09/26/bitcoin-is-now-among-the-top-30-currencies-in-the-entire-world/

I think you are construing bitcoin as a currency, which is in fact, not a currency but only as an alternative means of payment. No country or state uses bitcoin as their main medium of exchange in their transactions. Not to mention, there are countries that deny and prohibit the utilization of such, which is why it is wrong to view them as currencies being used in the world.

Lastly, bitcoin cannot be a currency with only a supply of 21 million in the world. This would make the currency very inflationary once it reaches the end of its supply in years to come.

erep

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Bitcoin still stands in 37th position in the ranking of currency capitalisation, if the mass adoption of each country increases bitcoin will slide in the top 10 positions

MetalGear

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Quote from: mamamu111 on September 26, 2019, 11:17:24 AM

Bitcoin is now Among The Top 30 Currencies in The Entire World!!!

READ THE COMPLETE ARTICLE HERE: http://worldpublicityblog.com/index.php/2019/09/26/bitcoin-is-now-among-the-top-30-currencies-in-the-entire-world/

This is a personal blog and is opinionated, and everyone is entitled with their oponion, its just that, maybe at least we base things to facts before stating things like this. But, although this is a personal opinion, statistics also showed that btc is at top 37th place of currencies in the world, although not at exact 30th place, its still not surprising that it has the certain place in the world currencies because of its popularity and widespread use. Another factor of it could be the dominace of bitcoin in crypto space and the latter being entitled as the "King of cryptocurrency" because of its unshaken place inside the cryptoworld, making it the most used and chosen cryptocurrency.

spadormie

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Dude, what you posted was a blog. Most blog are masked by the opinion of the writer. Opinion. This could be true and at the same time it could not be true. Although this is one of I'm dreaming of in bitcoin to achieve and for it to become the number one currency. But remember, bitcoin needs fiat to work.

pjcaruci

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In a couple of years it should be in the top 5, because every year investments are becoming more and more

bering

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The list considering basically from saving deposits, mutual funds or cash in circulation and a little surprising because dollar on the second place but indeed if this list made at 2017 when the price of bitcoin reach to $20k i think bitcoin position will be higher because marketcap on that year is over than $320 billion and the current position almost at the bottom line because bitcoin marketcap has been lost almost a half currently around $183 billion

Darker45

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Quote from: mamamu111 on September 26, 2019, 11:17:24 AM

Bitcoin is now Among The Top 30 Currencies in The Entire World!!!

READ THE COMPLETE ARTICLE HERE: http://worldpublicityblog.com/index.php/2019/09/26/bitcoin-is-now-among-the-top-30-currencies-in-the-entire-world/

This article is a little misleading. It should have set out at the early part what it means by currency in the article. It kind of follows a logic that the basis for the ranking is only the total value, which is not really reasonable. Basically, the article talks of values in USD and that makes the whole article not solely about currency but about market value. Bitcoin is rising in market value primarily because of demand and not because of its adoption as designed. The currency side of the coin is still questionable as there is very little portion of its total supply that is actually used as a currency or a medium of exchange when purchasing goods and services.

timerland

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Pretty surprising to see Bitcoin have a top 30 ranking by value, but be accepted literally no-where, the graph really does show a stark contrast between it's adoption rate and market cap.

Quote from: Paecga129 on October 02, 2019, 12:02:49 PM

this is no surprise. Bitcoin mining uses over 1% of global energy expenditure. That's pretty big amount when you think about the amount of electricity we use worldwide. Therefore, Bitcoin being in the top 30 cryptocurrencies make sense because of course it is being accepted all over the world.

1 percent isn't that much to be fair, but it is a very sizeable amount, a lot of companies and other operations will use a lot more.

Quote from: hahahafr on October 02, 2019, 08:18:12 AM

Haa! That's a great achievement however our goal and vision is aiming at the skies where cryptocurrencies is seen as the first currency which is widely used by everybody across the globe. It's a wide guess into the future but i believe it would surely come to pass someday.

Maybe one day it'll be top 20, or a top 10 currency in the world

Eugenar

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Quote from: mamamu111 on September 26, 2019, 11:17:24 AM

Bitcoin is now Among The Top 30 Currencies in The Entire World!!!

READ THE COMPLETE ARTICLE HERE: http://worldpublicityblog.com/index.php/2019/09/26/bitcoin-is-now-among-the-top-30-currencies-in-the-entire-world/

In the beginning it is not suprising though, but I am glad and expecting bitcoin to be listed as one of the top currencies. Based on the use and needs of people around the world, bitcoin serves as the connection that breaks the limits of different currencies in terms of conversion and money transferring. I am not sure enough if bitcoin can possibly be a universal currency as the price of products in each country seems to be very dynamic.

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