Is bitcoin now the strongest currency in the world? - page 68.

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Quote from: melvster on March 22, 2013, 08:43:58 AM

After the events of last week.

I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?

It depends on how you interpret the word 'strong'. By one thing's clear, it is not yet the strongest currency, maybe the most indemand cryptocurrency, but not the strongest currency. It don't have physical value,still. It is also nit yet legal to most countries. And there are still people that doesn't know what Bitcoin is. But as what we are seeing, it is close to possible. Maybe for 6-10 years, it will be. But not at this moment.

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Quote from: melvster on March 22, 2013, 08:43:58 AM

After the events of last week.

I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?

They are right because bitcoin is still too small to consider to be the strongest currency on the world even it still not recognize as one. Digital currency is different on local fiat currency and government wont really recognize such thing specially bitcoin is a decentralized thing. Sad to say but those dudes are right but we should still be happy because we can able to make money because of bitcoin.

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Quote from: nowlscor18 on August 25, 2017, 06:32:54 PM

Quote from: ajmapalo22 on August 08, 2017, 08:51:33 AM

I think bitcoin is not yet the strongest currency in the world but there is a big possibility that it can be the strongest..bitcoin is now widely use and it became more popular as time passes by..it's value also continue to grow so I guess in later time bitcoin can replace dollar as the strongest currency.

I agree with that, with the number of people who's into internet nowadays its not impossible to happen. The rapid growth of bitcoin users are obvious, with these i think in the near future it can bet the other existing currencies

I think we can call bitcoin as the strongest digital currency because of the number of it's users. Even in pumps and downs, the price of bitcoin is still making a pump because the users are there to take advantage of the price dump.

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bitcoin is not the strongest currency yet. Maybe strongest as Digital currency but not as regular currency. Bitcoin has lot of features to be developed, its value is volatile which means its value is unstable and unpredictable.it is so unlike the regular currency that has stable value which does not change from time to time. So, I think it is not yet the strongest currency, it is just the strongest cryptocurrency. But we can hope that it will be in the future once recognize and accepted in every country.

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Quote from: melvster on March 22, 2013, 08:43:58 AM

After the events of last week.

I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?

It is not yet. Digital currency is different from regular currency or fiat since you are talking about the 'strongest' currency. Bitcoin still, doesn't have a physical value unlike fiat. Also, its market value is volatile which means it changes from time to time. So, I think it is not yet the strongest currency, it is just the no.1 CRYPTOcurrency and it's difderent in fiat. Maybe if it will be recognized and legalized to most of the countries, it will have a chance. But it will take more years dfor that to happen.

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Quote from: ajmapalo22 on August 08, 2017, 08:51:33 AM

I think bitcoin is not yet the strongest currency in the world but there is a big possibility that it can be the strongest..bitcoin is now widely use and it became more popular as time passes by..it's value also continue to grow so I guess in later time bitcoin can replace dollar as the strongest currency.

I agree with that, with the number of people who's into internet nowadays its not impossible to happen. The rapid growth of bitcoin users are obvious, with these i think in the near future it can bet the other existing currencies

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Quote from: Yarsk on August 09, 2017, 12:42:51 AM

Bitcoin is the number one currency in the world now and the strongest, how do I come about my judgment one bitcoin is about $3305 today and above 2000 pounds and even above gold now.
And this three use to be the world strong currency in the past for bitcoin to rate higher then them in the exchange market bitcoin has won the battle only waiting for the right time to be crown the world most strong currency.

Ok, I hate to tell you how wrong you are with that. Yes Bitcoin may be the highest in the sense that it's above the American dollar and the British pounds sterling but it isn't as acceptable by all as the other two currencies. Bitcoin still has a long way to go before we can truly refer to it as the strongest currency in the world. The dollar and pounds are international currencies while the Bitcoin isnt. Not many even know about Bitcoin let alone using it, especially in the underdeveloped countries.

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Bitcoin is the number one currency in the world now and the strongest, how do I come about my judgment one bitcoin is about $3305 today and above 2000 pounds and even above gold now.
And this three use to be the world strong currency in the past for bitcoin to rate higher then them in the exchange market bitcoin has won the battle only waiting for the right time to be crown the world most strong currency.

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Quote from: bentoremy on August 08, 2017, 02:54:44 PM

How it would sound to you if i told you it is stronger than a british pund or dollar? Sounds crazy right? We don't even know if it would become as strong like many say and if it becomes a fact, then it would be in many years from now, so don't wait for it soon.

It sounds great, it can't denied that today's great achievement in the world of bitcoin currency it will spread throughout the world and become stronger. For its value and greatness, and a big things may change through this kind of currrency. A better life we aim, even though not all things can bitcoin made but it takes or brings us to a new era.

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How it would sound to you if i told you it is stronger than a british pund or dollar? Sounds crazy right? We don't even know if it would become as strong like many say and if it becomes a fact, then it would be in many years from now, so don't wait for it soon.

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http://www.businessinsider.com/bitcoins-performance-against-other-currencies-in-2016-2017-1

And this data is for the period when BTC was still under $1000 Grin

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Quote from: melvster on March 22, 2013, 08:43:58 AM

After the events of last week.

I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?

Yes it does. The numbers aren't that big but the potential for bitcoin to grow stronger in the next years are high.

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it is true regarding the cryptocurrency but not all sector of money. Bitcoin is playing the pioneering role of the cryptocurrency platform. but it is not accepted everywhere around the world. when it will be legalized in the every country then I assure you that Bitcoin will become the strongest currency in the world.

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Quote from: melvster on March 22, 2013, 08:43:58 AM

After the events of last week.

I was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?

When you talk about crypto currency, I would agree that BTC is the strongest currency in the world. Bitcoin already claimed it's place in crypto currency, it's so famous, there's a lot of investment, and it keeps growing as days pass by. No one knows until when and how much will it grow. Bitcoin started with a price of less than a dollar and just look how much it is now. So, I guess no need to add more whether BTC is the strongest or not.

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I think bitcoin is not yet the strongest currency in the world but there is a big possibility that it can be the strongest..bitcoin is now widely use and it became more popular as time passes by..it's value also continue to grow so I guess in later time bitcoin can replace dollar as the strongest currency.

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Bitcoin has huge value as well potencial, but we all know that the most strongest currency still being dollars, because this is the currencie used to import/export over the world, soo bitcoin has bigger value the others currencies but isnt used for anything else besides trades, and few investments, nothing that could reach dollar power and interest.

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It wont be considered as strongest currency because it is on different classification or category knowing that bitcoin is a cryptocurrency on which it is a great innovation but considering as a currency we cant still say such thing because its not yet being considered and also government wont really allow such thing because they dont really like a decentralized thing.

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Bitcoin is far from being the strongest currency in the world. But it is definitely the strongest cryptocurrency. And I don’t think it’s appropriate to compare the volatility of fiat to that of crypto and conclude that fiat is stronger. Volatility is a feature of every cryptocurrency, due to the fact that it is a completely new notion in the finances.

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Quote from: cdog on March 22, 2013, 04:56:37 PM

Absolutely the strongest. I mean, what else could lose 50% of its value overnight and still be 30x more valuable than the next "strongest" currency?

Just because a btc is worth U$S 70 does not make it the strongest currency.
the dollar has a market capitalization worth trillions and widely accepted, that's a strong currency.
BTC is not even close to be there. BTC is not even close to be comparable to a weak currency of a third world country yet, however, due to its characteristics it has the potential to become a very strong currency due to its features.
It's not there yet.

I also see the point that the price of bitcoin is based on the price of fiat which is dollar so it means having the exchange price of each bitcoin on the world does not give an option for bitcoin to be a strongest currency yet it has an ability and the capability t o develop more and to become a universal currency for all type of currency with value. Which can be a solution for a more faster and reliable form of transaction. And it can also serve as a wider scope investment for many who make profit to bitcoin.

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Quote from: adam1230 on August 06, 2017, 06:38:06 AM

Most of centralized currencies always under pressure bt federal banks. Goverment not allow too strong currencies.
Bitcoin price will rise cause its only demand/supply based. And yes after few years we will see that 1 satoshi=1cent

What do you mean about under pressure from the federal bank? Do you refer to the SEC? But my thought that the SEC just try to make the more action to prevent the wall street try to invest in altcoin. I mean the SEC already claimed that crypto is really dangerous.

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