For now I think bitcoin is not yet the strongest currency, because not everyone has, internet network connection, so its conclusion how can we, transact using bitcoin without having computer device
Yeah right, this is because the user bitcoin is no more than 5% of the total population of the world, and I think the USD is still the strongest. If the user is bitcoin has reached 50% of the total world population, we would say the strongest currency is bitcoin.
Topic: Is bitcoin now the strongest currency in the world? - page 90. (Read 42207 times)
I'd say currently bitcoin is one the weakest currencies in the world, but this can (and hopefully will) change in the next couple of years.
If you say bitcoin is the weakest currency, I don't feel comfortable with that. In fact, the price of bitcoin now 2800-2900 USD. It is not a small amount. The market cap is about 70 persen from total 21 million. There would be deflation so the bitcoin price will be more stronger than now. If people out there know bitcoin then they buy some, How much will be per satoshi? I can't imagine if the market cap reach 90 %. More people will hold bitcoin but in small amount. However, the price will be so high, this is my opinion. Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).
As much as it pains me to say it, this is the truth.
Now, it does have the capability to become the strongest, so do take that into account.
Yup I agree, gold is I think the strongest currency as of today (there are some who doesn't consider gold as currency but under the free market system it is, because it's value also fluctuates same as those other exchanges). Though bitcoin is currently the strongest digital currency and it has been progressing every year.
For now I think bitcoin is not yet the strongest currency, because not everyone has, internet network connection, so its conclusion how can we, transact using bitcoin without having computer device
Bitcoin is not the strongest currency in the world, but the strongest digital currency for those who have the Internet.
For now I think bitcoin is not yet the strongest currency, because not everyone has, internet network connection, so its conclusion how can we, transact using bitcoin without having computer device
Yeah right, this is because the user bitcoin is no more than 5% of the total population of the world, and I think the USD is still the strongest. If the user is bitcoin has reached 50% of the total world population, we would say the strongest currency is bitcoin.
For now I think bitcoin is not yet the strongest currency, because not everyone has, internet network connection, so its conclusion how can we, transact using bitcoin without having computer device
The strength of a currency depends on the strength of its users. Are you strong? Are we strong?
There are half a billion people using dollars everyday, with some of them being the richest persons on the planet, so bitcoin is very far behind...
There are half a billion people using dollars everyday, with some of them being the richest persons on the planet, so bitcoin is very far behind...
Nah, gold is. But bitcoin has huge potential, even if limited by the State to "just" the black market.
gold isn't a currency, its money
The Bitcoin market is absolutely tiny right now, let's be honest, even if we guessed how much really anonymous deals are going on it still won't amount to much just because it's so new and not many people know about it. That said, I do think the fundamentals behind Bitcoin are extremely solid, far more so than any other currency besides stuff like gold and silver, as long as we don't see any special interests trying to muscle their way in then Bitcoin should do amazingly well this year.
Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).
But without derivatives markets is it not difficult to get the price going down without already holding bitcoin? Or are there BTC futures & shorting yet?
By one measure BTC is one of the strongest currencies - it is probably one with the least monetary inflation in the near future. It remains to be seen if it will retain its buying power though and thats whats important to most of us.
As a currency, Bitcoin is still, and will remain for some time, unstable. There are two things that need to change:
- low capitalization - more people need to join
- centralization - I think it is safe to assume that whatever happens with BTC price on MtGox, it will be reflected on other exchanges which make up (please correct me if I'm wrong) less than 10% of the Bitcoin trading market, with MtGox in control of the rest.
- difficulty of getting started into Bitcoin and actually using it safely and conveniently
- low capitalization - more people need to join
- centralization - I think it is safe to assume that whatever happens with BTC price on MtGox, it will be reflected on other exchanges which make up (please correct me if I'm wrong) less than 10% of the Bitcoin trading market, with MtGox in control of the rest.
- difficulty of getting started into Bitcoin and actually using it safely and conveniently
Just being an ass
Fixed, I intended to mention two at first.
I believe In bitcoin and Think it is very cheep at the moment. But bitcoin Is not the strongest currency ATM because it is brand new and has huge fluctuation. Alot of people don't have faith in bitcoin and this can cause panic sell's. Bitcoin has a future of becoming the strongest currency in the world but has not hit this as yet. It needs to be more available and easier to trade for goods and services to become strong.
As a currency, Bitcoin is still, and will remain for some time, unstable. There are two things that need to change:
- low capitalization - more people need to join
- centralization - I think it is safe to assume that whatever happens with BTC price on MtGox, it will be reflected on other exchanges which make up (please correct me if I'm wrong) less than 10% of the Bitcoin trading market, with MtGox in control of the rest.
- difficulty of getting started into Bitcoin and actually using it safely and conveniently
- low capitalization - more people need to join
- centralization - I think it is safe to assume that whatever happens with BTC price on MtGox, it will be reflected on other exchanges which make up (please correct me if I'm wrong) less than 10% of the Bitcoin trading market, with MtGox in control of the rest.
- difficulty of getting started into Bitcoin and actually using it safely and conveniently
Just being an ass
How can it be a strong currency when you cant actually use them to buy essential day to day stuff? What use is a Bitcoin if you don't own a computer?
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?
I'd say it is definately the strongest currency on the planet...considering it is completely unique in the way it is designed and how it opperates, and is invulnerable to the catestrophic weakness posessed by fiat currency. It is only a matter of time before it is recognised as being the strongest currency, there is no debate as to whether or not it is, the debate is over when it will take it's place as no1 currency in terms of number of users.
https://i.imgur.com/HeWrOGc.png
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https://i.imgur.com/HeWrOGc.png
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my music: http://www.youtube.com/watch?v=aycGGgYde48
donations accepted with bitcoin at 1HSLVaXo5ujxqHd6DhwPDXojJwgmz3MLS3
any donation amount = 25 track album download link
No, but it is: 'the fastest growing currency in the world'
http://www.guardian.co.uk/technology/video/2013/mar/22/bitcoin-currency-video
http://www.guardian.co.uk/technology/video/2013/mar/22/bitcoin-currency-video
As a currency, Bitcoin is still, and will remain for some time, unstable. There are three things that need to change:
- low capitalization - more people need to join
- centralization - I think it is safe to assume that whatever happens with BTC price on MtGox, it will be reflected on other exchanges which make up (please correct me if I'm wrong) less than 10% of the Bitcoin trading market, with MtGox in control of the rest.
- difficulty of getting started into Bitcoin and actually using it safely and conveniently
- low capitalization - more people need to join
- centralization - I think it is safe to assume that whatever happens with BTC price on MtGox, it will be reflected on other exchanges which make up (please correct me if I'm wrong) less than 10% of the Bitcoin trading market, with MtGox in control of the rest.
- difficulty of getting started into Bitcoin and actually using it safely and conveniently
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 was making this suggestion to some folks yesterday, but they claimed that bitcoin is too small. Does it matter?
I would compare bitcoin with a $7 stock that has a market capital of 800.000.000 U$S...
It's going up, but any big shot with, say, 100-500k can manipulate the stock considerably and pump it and dump it.
As the market capitalization of bitcoin grows, the currency will be resistant of those kinds of "attacks" and hopefully, the price, although it will continue to move up perpetually, it will slowdown considerably compared to today's volatility.
Anyway, a quicker answer to your questions is NO, it's not even close to being the strongest currency in the world.
But a $7 stock isnt a currency, really, is it. I mean you need a certain amount of liquidity to be considered true currency, you could argue that bitcoin has that now. But a stock?
Read my statement: "I would compare bitcoin with a $7 stock that has a market capital of 800.000.000 U$S"
I say I would compare bitcoin with a $7 stock. I never mentioned the word currency. I pointed out the market capitalization so therefore my comparison is oriented towards that particular aspect.
I know a stock isn't a currency. Actually stock is backed up with something, bitcoin isn't
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