Topic: Bitcoin is the world’s 6th largest currency - page 6. (Read 5562 times)
only time will tell when will Bitcoin to become the main currency in the world because even the government in the world prevents it from happening. Even the central bank don't want it to happen and they will do in their power to prevent it.
A welcome development. By the time you factor in the time frame these coins have been in comparison to Bitcoin, you will know it has grown tremendously. Much still have to be done if it wants to be number one, which to me could be a harculen task considering the USA government wouldn't want this to usurp their currency.
in the near future I think we'll see a completely different picture where bitcoin will start moving to the first line of the world currency, this happens slowly but surely
I think that in ten years, bitcoin will be in first place and will overtake the dollar if it moves at such a rate
Perhaps true, but it is not comparable to the real currencies that is governed and controlle by the government. Bitcoin is just like the new face of all these coins combined. Without the real money bitcoin could not exist because it has no physical structure like gold and it has only utility which exist in the digital world. So we cannot consider it as a comparison to fiat. But it is worth knowing that it has its place in that line-up in terms of value.
Bitcoin is not the only digital currency despite receiving the most attention after its tremendous increase in value by reaching US $ 15,000 in early December.Since the beginning of November, MIOTA's value has increased by 774% and its increase has skyrocketed capitalization to US $ 12 billion, making it one of the top five digital currencies in the world, according to the financial news site MarketWatch.
MIOTA has a market cap under 2Busd, and will most probably go lower sooner than later.
Bitcoin is not the only digital currency despite receiving the most attention after its tremendous increase in value by reaching US $ 15,000 in early December.Since the beginning of November, MIOTA's value has increased by 774% and its increase has skyrocketed capitalization to US $ 12 billion, making it one of the top five digital currencies in the world, according to the financial news site MarketWatch.
Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?
Well even as bitcion is seating as the 6th currency in world ranking and position bitcoin still perform a unique role which all the other currency can not which is peer to peer mode of sending and receiving money, and the borderless financial transactions and freedom it gives to it users. So iis still the king of all currency and the global currency.How many years Bitcoin will need to become No.1 ?
I feel pretty free with USD or EUR on my account and a mastercard to pay litterally anywhere for a small fee...
I think in value the bitcoin is the major currency but no body can calculate the exact amount and transaction s of crypto i believe that it is not transparent like dollars and pound etc so that's why it can not be judged accurately and for me it is the number 2nd currency after Dollar.
It is pretty hard to calculate the same for euros too. Countries mostly calculate what happens within their borders (GDP) but have a hard time calculating it globally. Only Us has a better idea since all US transactions go through US corresponding banks, but it is not the case for pounds or euros.
I think in value the bitcoin is the major currency but no body can calculate the exact amount and transaction s of crypto i believe that it is not transparent like dollars and pound etc so that's why it can not be judged accurately and for me it is the number 2nd currency after Dollar.
Bitcoin is the world’s 6th largest currency. These figures are noteworthy, but if the value of a single Bitcoin goes up to $15,000, India’s currency Rupee will pass. Ethereum ranked 17th and Bitcoin Cash ranked 20th. Ripple is located just below 20.
How many years Bitcoin will need to become No.1 ?
Well even as bitcion is seating as the 6th currency in world ranking and position bitcoin still perform a unique role which all the other currency can not which is peer to peer mode of sending and receiving money, and the borderless financial transactions and freedom it gives to it users. So iis still the king of all currency and the global currency. How many years Bitcoin will need to become No.1 ?
Interesting to see the Bitcoin in circulation than the Pounds Sterling. I will definitely have to dig further on this information. No doubt, the US dollar being a world currency would surely dominate, it is expected, what I am finding hard to believe is the position of the British Pounds Sterling. I am not going to say this is a fake one, however, if the aim is to draw or get people involved with Cryptocurrency, it is spot on. That is if it's not Dead On Arrival already because we have some intelligent folks who would fault this conclusion.
Please read my post (two over this one). It is not the case, there is confusion between Monetary Mass (or M0) and hard cash. M0 of the Pound Sterling is still much higher.
Interesting to see the Bitcoin in circulation than the Pounds Sterling. I will definitely have to dig further on this information. No doubt, the US dollar being a world currency would surely dominate, it is expected, what I am finding hard to believe is the position of the British Pounds Sterling. I am not going to say this is a fake one, however, if the aim is to draw or get people involved with Cryptocurrency, it is spot on. That is if it's not Dead On Arrival already because we have some intelligent folks who would fault this conclusion.
What were the yardstick use in giving the position, I the only condition that will deny bitcoin the first position is the level of adoption, usage, and circulation. Just give bitcoin time it will become number in the list.
This is ridiculous and absolutely fake!
They play on the concept of "circulation" they count hard cash circulation which would be 0 for bitcoin.
Therefor they count hard cash for the usual currencies and Monetary Mass for bitcoin. The Monetary mass of many other currencies is MUCH bigger than all cryptos together, ie UK has close to 500Billion Pounds.. three times all bitcoins...
They play on the concept of "circulation" they count hard cash circulation which would be 0 for bitcoin.
Therefor they count hard cash for the usual currencies and Monetary Mass for bitcoin. The Monetary mass of many other currencies is MUCH bigger than all cryptos together, ie UK has close to 500Billion Pounds.. three times all bitcoins...
Number sixth position is not appropriate for bitcoin because its popularity and its quality and features are meant to grab the number one position.
This is a great journey so far for bitcoin to be among the top 6 cryptocurrencies in the world. Among these top currencies, bitcoin has experienced the most objections by many. Notwithstanding all these hatred towards bitcoin, it continues to grow stronger. I believe bitcoin will be among the top 3 currencies in the world in a few years to come.
Step by step rank of bitcoin will rise same in coinmarketcap. Bitcoin become more popular and price will rise again. Possible in next 5 years Bitcoin will be the largest currency in the world. Lets wait and I believe price of bitcoin will double and even times 10 from the current price.
I think to 2020 it will become No1 and the most popular currency in Europe and Asia 
I am not sure of your predictions, 2020 will soon come soon. and I think 2 years won't be enough for bitcoin to become the biggest currency. even though it can happen but it takes a long time to achieve this Bitcoin can help us have a better future. In my opinion, Bitcoin is one of the highest in the world because of its volatility in the market and it also increases its time price over time. Bitcoin will be the highest value in the currency because it is also legalized and used.
I think the data about this is worth studying.
I was shaken by this graph and I want to see references and statistics about this. But I will give A for your efforts to share ideas and thoughts about ranking bitcoin as a currency. even though I believe that everyone has assumed that bitcoin is the main currency that has ever been used, I still want more statistical results for such conclusions.
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