Is bitcoin now the strongest currency in the world? - page 82.

Wesimon

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Quote from: melvster on March 22, 2013, 09:43:58 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?

Bitcoin is not the strongest currency but can be the predominant means of wealth storage. Bitcoin is valuable, and has the potential to be the best currency because of its unique features. It has to be develop over time.

TheCoinGrabber

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Quote from: Malsetid on June 24, 2017, 06:50:32 PM

Quote from: TheCoinGrabber on June 24, 2017, 04:05:19 PM

Nope, not yet. We can still say that it's quite strong compared to other cryptocurrencies but it can still be hardly called a "currency" by some people, despite being recognized by some countries as legal. It still haven't even reached the consciousness of many people. For some who do get into it, it's more an investment, rather than a currency being used.

many people don't see bitcoin as a currency yet. Right now it's a way of earning money and i think in the next couple of years, it will remain that way until the price of bitcoin stabilizes and then it may be considered as a real currency in the likes of dollar and fiat in gemeral. And more people are now already aware of btc not just few.

Many people are just in for the profits so I doubt it would stabilize any time soon. They love the fluctuations since that's where they earn money from. With the current way things are, it would still be far off to see people using this to pay stuff instead of cash or credit card.

emezh10

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Quote from: Supercrypt on June 25, 2017, 12:31:33 AM

Quote from: Hypnosis00 on June 22, 2017, 11:39:04 AM

Bitcoin is not the strongest currency in the world because it needs a lot more money on its market capitalization to say that it is the strongest currency because there is still a lot of currencies that are standing out aside from bitcoin so it is clear that bitcoin is not the best or strongest and it is still need to prove itself.

If we look at the world population and then the usage of currency we will come to know the fact that not only the bitcoin but as a whole the crypto currency is used by less than the 1% of the world population.
According to the statistics I can say that the Bitcoin is not the strongest currency because it is not the trusted currency at any forum.

Exactly, The bitcoin have the highest price than any other currency but does not mean that bitcoin is the strongest currency in the world because the strongest is that almost all of the people are using and that is the real money because each individual can use it.

Supercrypt

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Quote from: Hypnosis00 on June 22, 2017, 11:39:04 AM

Bitcoin is not the strongest currency in the world because it needs a lot more money on its market capitalization to say that it is the strongest currency because there is still a lot of currencies that are standing out aside from bitcoin so it is clear that bitcoin is not the best or strongest and it is still need to prove itself.

If we look at the world population and then the usage of currency we will come to know the fact that not only the bitcoin but as a whole the crypto currency is used by less than the 1% of the world population.
According to the statistics I can say that the Bitcoin is not the strongest currency because it is not the trusted currency at any forum.

BitcoinPanther

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Quote from: FlightyPouch on June 24, 2017, 07:18:09 PM

Quote from: Pattart on June 24, 2017, 07:15:38 PM

Quote from: neon_colors01 on June 24, 2017, 12:28:28 AM

No it isn't.
It's still gold and fiat.
But it would be because bitcoin is new.

It has been popular nowadays
and there are lots of supporters
So someday it would have the potential to become strong.

Bitcoin is growing and developing today. Although not yet very strong but I myself am very confident that bitcoin has a bright future and will be a strong currency. Because of the potential bitcoin there is. You can see the euphoria of new users

I think it is growing but not developing. And I think bitcoin is one of the strongest digital currency I know, if you think of it, bitcoin is not that of a good digital cuurency, there are many coins that can overcome bitcoin in terms of features, but bitcoin is the first, so I think it is the strongest digital currency.

What makes you think that bitcoin is only growing (in terms of adoption) and not developing in (terms of technology)? If you follow bitcoins github, you can see lots of commit and proposal in there, recently bitcoin had its RSK, (smart contract) and there are lots of proposal about scaling. Is not this development? Bitcoin maybe not the strongest currency in the world but it is the strongest decentralized digital currency in the world.

Lomberjack

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It's not but it can be the strongest currency in the world as technology become modernized. We know that fiat money has the highest volume for currency but crypto currency might overcome it in future. No one knows when.

Meowth05

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Quote from: melvster on March 22, 2013, 09:43:58 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?

Nope. We can currently say that bitcoin is quite smaller against fiat money but it doesn't matter since as time goes by, crypo currency's volum is increasing thus there is a possibility that bitcoin isn't too small against fiat money/USD.

lovesybitz

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Quote from: melvster on March 22, 2013, 09:43:58 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?

I don't think that bitcoin now is the strongest currency now in the world. Because it is still Dollars is the number one popular currency in
the whole world up to now. Though bitcoin now is very trending in different country.

micher143

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The most valuable currency but in term of the most strongest rather powerful I think I will go for the fiat because the fiat is the medium of the currency of all over the world and I think no other currency can replace the fiat because all of the people can use that currency the fiat.

squatz1

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Nope, and no government is ever going to allow it to ever be. They'll regulate and tax us into oblivion before they allow something like this to happen, they (politicians, bureaucrats, businessmen and women) wouldn't allow themselves to lose their power to a decentralized group of people who are going to be so vulnerable to regulatory issues. Because a lot of people know (minus the die hard Bitcoin supports) is if the government made it illegal to possess Bitcoin and made us sell right now, most of us would do it and just go back to our normal lives.

So no, Bitcoin isn't the strongest currency in the world and it never will be sadly.

Sled

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Quote from: Pattart on June 24, 2017, 07:15:38 PM

Quote from: neon_colors01 on June 24, 2017, 12:28:28 AM

No it isn't.
It's still gold and fiat.
But it would be because bitcoin is new.

It has been popular nowadays
and there are lots of supporters
So someday it would have the potential to become strong.

Bitcoin is growing and developing today. Although not yet very strong but I myself am very confident that bitcoin has a bright future and will be a strong currency. Because of the potential bitcoin there is. You can see the euphoria of new users

You are right, bitcoin now is keep on growing and developing and those progresses are reflecting the volume of the market and the amount of user because they are also growing and soon they will become bigger and the bitcoin will become stable and after those instances it result for bitcoin for becoming a stronger currency than before and soon it will become the most traded currency and in the end, one of the strongest currency.

FlightyPouch

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Quote from: Pattart on June 24, 2017, 07:15:38 PM

Quote from: neon_colors01 on June 24, 2017, 12:28:28 AM

No it isn't.
It's still gold and fiat.
But it would be because bitcoin is new.

It has been popular nowadays
and there are lots of supporters
So someday it would have the potential to become strong.

Bitcoin is growing and developing today. Although not yet very strong but I myself am very confident that bitcoin has a bright future and will be a strong currency. Because of the potential bitcoin there is. You can see the euphoria of new users

I think it is growing but not developing. And I think bitcoin is one of the strongest digital currency I know, if you think of it, bitcoin is not that of a good digital cuurency, there are many coins that can overcome bitcoin in terms of features, but bitcoin is the first, so I think it is the strongest digital currency.

Pattart

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Quote from: neon_colors01 on June 24, 2017, 12:28:28 AM

No it isn't.
It's still gold and fiat.
But it would be because bitcoin is new.

It has been popular nowadays
and there are lots of supporters
So someday it would have the potential to become strong.

Bitcoin is growing and developing today. Although not yet very strong but I myself am very confident that bitcoin has a bright future and will be a strong currency. Because of the potential bitcoin there is. You can see the euphoria of new users

Malsetid

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Quote from: TheCoinGrabber on June 24, 2017, 04:05:19 PM

Nope, not yet. We can still say that it's quite strong compared to other cryptocurrencies but it can still be hardly called a "currency" by some people, despite being recognized by some countries as legal. It still haven't even reached the consciousness of many people. For some who do get into it, it's more an investment, rather than a currency being used.

many people don't see bitcoin as a currency yet. Right now it's a way of earning money and i think in the next couple of years, it will remain that way until the price of bitcoin stabilizes and then it may be considered as a real currency in the likes of dollar and fiat in gemeral. And more people are now already aware of btc not just few.

raven7886

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Quote from: dmamigo on June 24, 2017, 02:55:52 PM

Strongest decentralized crypto currency in the world. Very few recognize it as a currency, they like it as an investment rather than also using it to spend on something. Moreover illegal or not allowed to use in many places and only few country legalized it, so its still not a currency or strongest currency in the world. Fiats are still recognized by more peoples and worldwide its more valuable.

Honestly the definition of stronger currency must be differing person to person but when considering some basic aspects of revolutionary characteristics, bitcoin could be considered as one of the strongest currency will be adopted by anyone.

Bitcoin must be new level of currency because decentralisation has never been implemented into a currency system so far in human history. I believe this alone would be the enough reason to consider bitcoin as the strongest currency.

TheCoinGrabber

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Nope, not yet. We can still say that it's quite strong compared to other cryptocurrencies but it can still be hardly called a "currency" by some people, despite being recognized by some countries as legal. It still haven't even reached the consciousness of many people. For some who do get into it, it's more an investment, rather than a currency being used.

dmamigo

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Strongest decentralized crypto currency in the world. Very few recognize it as a currency, they like it as an investment rather than also using it to spend on something. Moreover illegal or not allowed to use in many places and only few country legalized it, so its still not a currency or strongest currency in the world. Fiats are still recognized by more peoples and worldwide its more valuable.

bitcoinisbest

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Quote from: Shutup on June 24, 2017, 10:24:28 AM

Bitcoin now is the strongest currency in the world,because of many suporters and followers of bitcoin.Until time come rhat no one is not using bitcoin because this will be rhe powerful currency unto all the world.This can be used in any electronics transaction.When the nations unite to used only one

Firstly how many countries consider it as a currency in the world needs to be identified. Not all country accepts bitcoin so it cannot be of the world for sure. Well yes it has given huge returns to all invested in this cypto currency.

DrGuns4Hands

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currency and crypto currency is not the same, you can't compare crypto in normal currency bitcoin is decentralized currency while the real currency like usd is a fiat money where it handle and manage by the government of our country. if you want to know what is decentralized you can search it up . maybe bitcoin will be an alternative money to buy online with a easiest way and easiest transactions because only the chains are the one who's monitoring about our transactions.

Barbut

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We need to define what the strongest currency means, is it how many people are using it, or how much 1 bitcoin worth to people around the world. Bitcoin can be the strongest currency in the world one day, but for now bitcoin is growing and for me confirmations should be much faster, and fees to return where they were and only like that bitcoin can prosper. If we don't see this changes then bitcoin will be a rich people currency, and yes bitcoin will be the strongest currency but it will not be available for all the people.

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