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Topic: Is bitcoin now the strongest currency in the world? - page 83. (Read 42230 times)

full member
Activity: 588
Merit: 100
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
hero member
Activity: 1274
Merit: 622
In the virtual world I guess it is, it has along way to go to be the strongest in the real world.

I disagree. What do you mean by "in the real world"? Are US Dollars not from the real world? And if they are why do they give $2,700+ for 1 bitcoin then if bitcoin is only from the"the virtual world"? I think everything which is traded for the USD has the real value and hence it's real.
yes USD is a physical currency and has great value therefore it is a real currency, bitcoin can also be count as real currency because it also has value, but in fact bitcoin has now physical body therefore some people call  it as virtual, but I thin virtual is not a suitable word for it I think it is better to call it as digital currency, because  we can use bitcoin with the help of computer and internet, so crypto currency or digital currency is suitable name for bitcoin.

I think you meant to write "no physical body" instead of "now physical body", and agree with you that bitcoin is rahter a crypto currency than a "virtual" currency. It is pretty strong compared to other currencies even fiat ones and like deisik correctly said:
Quote
The "backing" that fiat currencies receive nowadays is pretty shaky overall

So it would be right to say that bitcoin now is among the strongest currencies in the world.
sr. member
Activity: 910
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
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. Bitcoin is just small compare to fiat money's currency since it's new compare to fiat money. However, I see a lot of poetential that it can take over the volume of fiat currency but I don't think it will make fiat money to unable to be used in future.
legendary
Activity: 1372
Merit: 1005
For me as of now i think bitcoin is the strongest currency because as of now the price is very high and it will continue to increase everyweek many new investor will invest bitcoin so for me bitcoin is strongest currency as of now. We bave differeny opinions and thoughts about this so respect each other.

Not only now, From the time of invention bitcoin is best currency to use it in world wide. There are many adoption for on bitcoin so bitcoin related projects and business in many places. This has already made bitcoin to compare with one ounce of gold. According to me bitcoin is best stock in the world now.
hero member
Activity: 1274
Merit: 513
For me as of now i think bitcoin is the strongest currency because as of now the price is very high and it will continue to increase everyweek many new investor will invest bitcoin so for me bitcoin is strongest currency as of now. We bave differeny opinions and thoughts about this so respect each other.
sr. member
Activity: 1288
Merit: 253
Bitcoin is not strong and it has never become the strongest currency in the world. There is even no offical team behind it. 3-5 freaks are trying to force the community adopt their decissions.

You are a person who has an understanding of capitalist logic, until whenever you do not understand how bitcoin works. If you want clarity about everything then you should forget about it and start collecting bitcoin, bitcoin is the strongest currency today because no country has it, so the popularity keeps on increasing. If the person behind bitcoin shows himself, then bitcoin will not be worth the price at the moment.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
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.

Thats right dude, bitcoin can not be said as a strong currency, while bitcoin is still in the stage of growing and growing. I think fiat is much stronger than bitcoin. Btw I think gold is not included in the currency


There is no doubt that fiat currencies is stronger than bitcoin because they are already in the world since their country declared the use of it while bitcoin is just strong and it will get stronger as the days,weeks,months and years will pass because it will have a lot of improvement through the time that will pass and that will make bitcoin one of the strongest currency after 10 years.
sr. member
Activity: 272
Merit: 250
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.

Thats right dude, bitcoin can not be said as a strong currency, while bitcoin is still in the stage of growing and growing. I think fiat is much stronger than bitcoin. Btw I think gold is not included in the currency

full member
Activity: 249
Merit: 100
Bitcoin is not strong and it has never become the strongest currency in the world. There is even no offical team behind it. 3-5 freaks are trying to force the community adopt their decissions.
sr. member
Activity: 938
Merit: 256
Bitcoin isn't the strongest currency for reasons stated, but it is among one of the most valuable.
Yes bitcoin is not a valid money but it is not the most expensive but the most expensive.
If bitcoin is a currency then bitcoin can be the currency of a country.


It seems impossible to become a country's currency is impossible, because now there are some who have successfully adopted bitcoin.tentu this will disrupt global financial stability because every country wants bitcoin as currency in that country.
While bitcoin is created for all users in different countries.
newbie
Activity: 241
Merit: 0
Bitcoin isn't the strongest currency for reasons stated, but it is among one of the most valuable.
Yes bitcoin is not a valid money but it is not the most expensive but the most expensive.
If bitcoin is a currency then bitcoin can be the currency of a country.
newbie
Activity: 42
Merit: 0
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.
sr. member
Activity: 602
Merit: 250
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 has very good technology, so in that way bitcoin is better but bitcoin is in no way the strongest currency, this is one of those cases where size does matter and it matters a lot, but don’t worry bitcoin does not need to become the strongest currency it just need to keep on existing to prove its success.
I agree with the point that the technology of bitcoin is very much effective and working with more efficiency so with that steps we can believe that one day bitcoin will be the strongest currency of the world and will be the ruler of all of the currencies and will be used as a global currency for world businesses.
hero member
Activity: 1022
Merit: 521
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.
Yes it do not have much money in it and not much people invested but as it is the initial stage of it that is why we are seeing it when it will take some more time then we will see the base of it more stronger.
hero member
Activity: 1428
Merit: 653
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Bitcoin may not be the strongest currency in the world but it has all that which can make it the strongest and most sought after currency of the world. Bitcoin is still new and in it's development stages. Bitcoin is a revolution and a lot more people have still to become part of it and it's to be introduced to a lots more people. Bitcoin certainly gaining huge popularity day by day and all this together will definitely make it a strongest currency.
hero member
Activity: 588
Merit: 500
Bitcoin does not have the backing like other centralized currencies like the USD dollar, so we can not say that its the most powerful with other countries choosing not to recognise its existence and others going to the extreme to ban it but we are on the road to make it the most powerful
bitcoin is now getting a great support from their users, and hope that very soon it also get the support of different states and governments like Japan because most of the states are going to legalize bitcoin, although bitcoin is currently not the strongest currency of the world, but if we compare it with other cyrpto currencies then it is the strongest currency, and i can expect that very soon it will even become the strongest currency of the world, when people will adopt it.
hero member
Activity: 588
Merit: 500
In the virtual world I guess it is, it has along way to go to be the strongest in the real world.

I disagree. What do you mean by "in the real world"? Are US Dollars not from the real world? And if they are why do they give $2,700+ for 1 bitcoin then if bitcoin is only from the"the virtual world"? I think everything which is traded for the USD has the real value and hence it's real.
yes USD is a physical currency and has great value therefore it is a real currency, bitcoin can also be count as real currency because it also has value, but in fact bitcoin has now physical body therefore some people call  it as virtual, but I thin virtual is not a suitable word for it I think it is better to call it as digital currency, because  we can use bitcoin with the help of computer and internet, so crypto currency or digital currency is suitable name for bitcoin.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
Bitcoin does not have the backing like other centralized currencies like the USD dollar, so we can not say that its the most powerful with other countries choosing not to recognise its existence and others going to the extreme to ban it but we are on the road to make it the most powerful

The "backing" that fiat currencies receive nowadays is pretty shaky overall

Basically, this backing comes down to governments not printing too much money and accepting it as a means of payment for "all taxes, public duties and debts". What happens when a government backs off from this, you can see by the example of the Zimbabwean dollar. It is conceptually the same with any other fiat currency out there, and the US dollar is in no way an exception to this universal rule. Bitcoin is certainly not the strongest currency in the world, very far from that actually, but the reasons are completely different
hero member
Activity: 2184
Merit: 531
In my own opinion and study of bitcoin. My Answer to your subject is Yes because there are ATM and you can pay bills right? and you dont need to have a cellular plan(opinion) because you can buy a load Via Coins.ph (My wallet that I been using).
Maybe you can pay your bills with Bitcoin, but I can't. Bitcoin isn't accepted by most governments even as an alternative form of payment. If you want to pay bills, taxes, or pay any institutional fees, like in court, you have to use fiat.
sr. member
Activity: 644
Merit: 259
CryptoTalk.Org - Get Paid for every Post!
Bitcoin does not have the backing like other centralized currencies like the USD dollar, so we can not say that its the most powerful with other countries choosing not to recognise its existence and others going to the extreme to ban it but we are on the road to make it the most powerful

I wouldn't call bitcoins a currency until it is accepted by the a lot of the Major Countries in the world or the some key members of the G20. If they do that i think it is going to devalue the currency and it remains to be seen if its going to be a strong currency.
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