What will be the most commonly USED crypto currency in the future? - page 2.

yat97

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Quote from: Distinctin on April 16, 2021, 10:56:37 AM

Quote from: CryptoLogo on April 15, 2021, 04:04:22 PM

It's hard to say now. At the moment, the entire crypto market is still speculative and there are too many things on it that depend on external factors. There are too many cryptocurrencies on the market that are worthless and mean nothing, I mean in real life. Therefore, before talking about what the most useful currency will be in the future, you need to understand that this can only happen in the future in which the cryptocurrency will be decoupled from its financially speculative element. Otherwise, Bitcoin will be the most useful currency.

Looking at the present condition of crypto towards government adoption, it's really hard to tell right now. But i agree that despite of its uncertainty, bitcoin still held the most useful currency and probably the most popular one not just as a currency but more of as a good store of value.

Not in the US. It's not a super simple process of obtaining monero. Easy once you know what you're doing but you have to go through some steps. so unless that changes

bitgolden

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Quote from: Distinctin on April 16, 2021, 10:56:37 AM

Looking at the present condition of crypto towards government adoption, it's really hard to tell right now. But i agree that despite of its uncertainty, bitcoin still held the most useful currency and probably the most popular one not just as a currency but more of as a good store of value.

I think we are missing one part about government intervention. They are not really supporting any specific coin right now, they are just saying that either all is good or all is bad depending on the nation but they do not really pick a coin and then say others are bad, I haven't seen any nation came out with a law like "bitcoin is fine, others are illegal" or something, which means there is something there. However one thing I am pretty sure about is the fact that if BNB or basically binance starts to deal with governments?

Basically do what government asks them to do? You could literally see BNB accepted in every store in that nation, government putting one coin above all others and then making it super know and promoting it, and even have like billboards and promotions and so forth "accept bnb and get 5% back" type of deals I don't know, that will basically be super awesome and would make it common. Of course if Binance accepts something like that.

Distinctin

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Quote from: CryptoLogo on April 15, 2021, 04:04:22 PM

It's hard to say now. At the moment, the entire crypto market is still speculative and there are too many things on it that depend on external factors. There are too many cryptocurrencies on the market that are worthless and mean nothing, I mean in real life. Therefore, before talking about what the most useful currency will be in the future, you need to understand that this can only happen in the future in which the cryptocurrency will be decoupled from its financially speculative element. Otherwise, Bitcoin will be the most useful currency.

Looking at the present condition of crypto towards government adoption, it's really hard to tell right now. But i agree that despite of its uncertainty, bitcoin still held the most useful currency and probably the most popular one not just as a currency but more of as a good store of value.

aprilnot

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I think a privacy coin like XMR is a prime candidate. if crypto replaces FIAT in the future, then privacy coins will have a spike in demand. but stablecoins also have opportunities, because if everyone wants to use them, one of the conditions is that their value must be stable.

Dewi Aries

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I think mostly have big percentage possibility to be used depends on fees and speed transaction maybe BNB or BSC. I mean, by price already bitcoin and ethereum have high fees that we want to use it or maybe to withdraw or send or do anything else with it. But BNB itself always depends on how Binance progress.

Papsie

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For me, I'll still go with bitcoin, ethereum, binance and ripples. If virtual currency will commonly be used all over the globe, those coins will be the useful currency for most people and transactions. In fact, smart contracts also have a high potential to be publicly utilized by the people if that time will come.

Coin_trader

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Quote from: devollito on April 16, 2021, 08:31:57 AM

I voted for Dash and faster cryptocurrencies will be used in the futures for retail transactions, XRP has a chance too for retail transactions. And for store of value like Gold, we will use bitcoin. Ethereum also will be use for buainess which use smart contract like renting an apartment.

All coin that you mention has its own blockchain for coin circulation. I believe the coin that will be used in the future are those coin that can be transfer on different blockchain by using a universal blockchain bridge. So far there is no project like this but a coin that can be run on different blockchain will be the one who will in the future.

devollito

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I voted for Dash and faster cryptocurrencies will be used in the futures for retail transactions, XRP has a chance too for retail transactions. And for store of value like Gold, we will use bitcoin. Ethereum also will be use for buainess which use smart contract like renting an apartment.

CryptoLogo

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www.fintropy.io

It's hard to say now. At the moment, the entire crypto market is still speculative and there are too many things on it that depend on external factors. There are too many cryptocurrencies on the market that are worthless and mean nothing, I mean in real life. Therefore, before talking about what the most useful currency will be in the future, you need to understand that this can only happen in the future in which the cryptocurrency will be decoupled from its financially speculative element. Otherwise, Bitcoin will be the most useful currency.

ShowOff

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Bitcoin take priority if your focus is on the ones it is used most often. The adoption of bitcoin in large companies today will probably spark more adoption in the future so that bitcoin will continue to be the most widely used crypto as a mean of payment. There are several altcoin that may be a payment alternative and are used by many in the future and I think it should be a low fee altcoin.

Quote from: OcTradism on April 14, 2021, 10:24:20 PM

-snip-

I am wondering why coindesk doesn't have BNB on their list.

Alanaz

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I agree with you, the coin you mentioned above is a very potential coin in the future.
but for now I think BNB also has the potential in a better direction I can even say that Bitcoin will still be the parent of all coins and will be the King of Coins, ETH will follow in the same direction as bitcoin and BNB will have a chance In the same direction like ETH now.

ololajulo

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Few people consider stable coin after bitcoin itself. Bitcoin is obvious getting to the asset class like Gold and may sustain the scarcity irrespective altcoin dump. Stable coin can easily gain the trust of Governments because of its volatilty, which could improve adoption among countries for online trades. The only challenge for existing stable coins is the cash value to defend the market cap.

Simian Finance

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I think like some have said Bitcoin will be held as gold and not used as a currency.

You could call me an Ethereum maximalist, but I also dont think Ethereum will be used as currency but as a store of value, similar to what Bitcoin is but for more complex use cases, NFTs and DeFi for ex, it's just too valuable for day to day stuff.

I would say from recent experience in a multichain game the coin that could be used as day to day currency will be be one with with a very low fees and fast transactions times. Candidates atm BNB, Cardano, Tron ... some other new coin.

If we're talking on pure volume, for the foreseeable future the most traded coin will probably continue to be a stablecoin, USDT or USDC.

FanEagle

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Quote from: yat97 on April 14, 2021, 02:17:05 PM

I think Bitcoin will be held like gold. Maybe even Ether as well.

But I'm personally thinking maybe dogecoin, maybe.... XLM and XRP, as well as Bitcoin cash, Dash, maybe lite coin. Of course USDT type.

You are right bitcoin may not be a commonly used coin as most people are preferring it holding and not making use of bitcoins for day to day life needs. So, coins which are having cheaper transaction fees will be the most used coin for sure. This way tron got plenty of choice to become a most commonly used coin. After tron, I guess dogecoins and weaves are having good opportunities to be used for most commonly for day to day life's needs. Let's wait to see who wins this race as per your criteria.

stvhnks

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I think XRP will be one of the front-runners of the most commonly used cryptocurrency in the future. It is designed to be a payment system, after all. This will be used for day-to-day transactions with fewer fees compared to BTC or ETH. Additionally, it is fast and cheap.

yat97

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Quote from: harizen on April 14, 2021, 06:31:31 PM

Most used in terms of what? As a usual currency? As an investment?

I can say, at least 80% of all coins are being used, not in their respective use-cases but for investment type.

That trend will always be the situation so I would say BTC will be the only one that can hardly use both as a currency and investment within a long period.

Oh sorry should have clarified but used as a currency. Not just invested in and it sits or is traded. But used for day to day transactions

fullhdpixel

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Quote from: yat97 on April 14, 2021, 02:17:05 PM

I think Bitcoin will be held like gold. Maybe even Ether as well.

But I'm personally thinking maybe dogecoin, maybe.... XLM and XRP, as well as Bitcoin cash, Dash, maybe lite coin. Of course USDT type.

I think many people, when the masses start using it more frequently. Will stick to older common coins that can be found at any crypto ATM and have the lowest fees and fastest transaction time.

Yes you’re right for sure, I think the coins you have mentioned will be commonly used for transactions. Then as for Bitcoin and Ethereum, I am not going to judge by what’s happening right now whereby the fees for transactions is much, I believe that in the future the problems are going to be fixed for good.

Ethereum devs are already working towards the ETH 2.0 and when that one rolls out it’s going to solve a lot of problems that the main Ethereum had. Then as for Bitcoin, we thought before that the lightening network would be the solution, but it seems that is not it. So for now we will be waiting to see what would happen, but I know for sure that a lot of people will be making use of it more than other cryptocurrencies.

TastyChillySauce00

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If you're reffering the most "used" as the cryptocurrencies that very frequently being chosen for making some kind of payments or transaction then it's definitely those coins that has lowest fee, I usually uses tron for making payment online due to the fee and many payment gateway already accepting it but if it's the most used for various activities like trading, etc I guess it's bitcoin.

Quote from: Sepertiangin on April 14, 2021, 10:37:53 PM

I think it will be bitcoin no matter what because the fee transaction is so low and can be used to buy goods and any other crypto currency.

If bitcoin's fee was not so high it could be the most used cryptocurrency for making transactions or purchasing goods but the fee could eat up the money sent easily but there's also wrapped btc or somekind that can be an alternative but still not widely accepted across payment gateways.

kidbounty

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I think stablecoins like Tather will be used in the future. Bitcoin and ethereum will not be included in it, because transaction fees are expensive and the price is quite high. so this can make it difficult for people if they want to use it everyday. if in the future crypto will replace FIAT, stablecoins are the most widely used choice for this. therefore stablecoins have the most likely to be used in general.

susuberuang

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I think it is clear that the bitcoin will be the most commonly used the crypto, and besides that etherem and the binance will also have the wide usage compared to other altcoins, because The eth and the bnb have the great potential to become the most valuable digital currency exchanges accompanying the bitcoin in the future.

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