Post
Topic
Board Economics
Re: Bitcoin as a leading currency?
by
CarnagexD
on 29/01/2020, 17:30:11 UTC
Bitcoin has always been the leading currency on the market irrespective of how much a coin may surge. Bitcoin was able to capitalize the market during its early stages before the creation of other coins hence it has got lot of user-base and its community is also strong and supportive which is one of the main factors required for the survival of a coin on the market.
Indeed, even with the drastic changes and events happened in the market Bitcoin still emerged as a high value asset that has gained the trust of many users, investors and traders. I believe, the potential of Bitcoin to survive the market is huge  and will always lead as the best currency in the future.
This is what I am focusing on, Bitcoin has gained such a stable and powerful state that not events or changes can affect its value. I am not saying that the value cannot drop, it maybe happen sometime but that is included in the nature of it. Eventual result would be the profit and increase every time. it is one of the best currency of the time and will become even more good in the near future.
However, despite the "power" it has right now compared to fiats and basically every cryptocurrency on the market, it's still goes by unnoticed. It hasn't even seen large use from people. So there's something wrong here. Bitcoin needed support from the public to thrive. And that is the missing factor in the equation. Even if your coin's. 100x mire powerful than USD, if people don't wanna use it. It won't succeed.