Post
Topic
Board Economics
Re: Is bitcoin now the strongest currency in the world?
by
tysat
on 22/03/2013, 14:18:57 UTC
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.

I definitely agree that it could become one of the strongest currencies in the world, but right now it's very weak.

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.

^ Good explanation of how I view it, bitcoin will be strong when it can't be moved with a "small" amount of money.