Bitcoin Forum

I know this subject has been looked at before but with the speed at which the cryptospace changes I felt the subject deserved a fresh look, and why not obtain that fresh look from the experts that are currently at the forefront of using crypto, namely all of you here on Bitcoin Talk forum.

I know there will be a time when it will not be necessary to change from fiat to crypto and vise versa. Hell that time may already be here. If the time has come where that exchanging of one to another is no longer necessary then i definitely need an update because that would save a lot of time and money. So if you would please share your insights and knowledge with the rest of us on what the most efficient way you have found for

  :o 1. avoiding the whole exchanging from crypto to fiat to take care of financial responsibilities out side the Crypto-space

 ??? 2. what is the most efficient and cost effective way you have found for the exchanging of crypto to fiat?

Please remember that ideas are awesome and helpful to further a subject so please do share yours, but with that being said please remember that lots of people that read this may be new to crypto so please do include details and specifics such as names of places, cost and special steps that maybe needed to accomplish your way of doing something. I want to thank you all in advance for your participation and for all that you give on a daily basis to help improve and add to the Crypto-space.
 

Almost traders have already stored crypto and are still eager to exchange from fiat to crypto because the crypto market is on peak now.
Yes right now,anyone would love to have cryptos in their wallets than to keep fiat as everyone is expecting more profits from crypto.
An efficient way to exchange between fiat and crypto currency i have found so far is localbitcoins.com

It ain't about the centralized vs decentralized but it's about the fact of which one is more convenient, if I get to convert my crypto currencies into fiat directly with a fair fee and done easily I would but what is more convenient for me? the most reliable and simplest method for now is for me to first convert them into Bitcoin and then into local currency not because there are no buyers or service providers accepting them but because the easiest way is to forget about finding the right people to use the coins directly without needing to exchange to fiat at all, fortunately Bitcoin is heading the right direction where we always wanted it, having the ability to only use it as the mainstream currency.

localbitcoin forum is quite useless as majority of them are scammer.its better to use exchange rather any escrowed platform.no matter how many trade you do anonymously or decentralized but if you are a average person then you would have to use banks for day today needs.

And i dont think all could also be applicable in all countries. Some services are only offered in there own country and some are not convenient when used in other places. In my observations most of the servies are easier in either US or UK. Exchanging crypto to fiat also have there own unique services in each countries so better find a good service for your country for better convenience.

For now the most easiest and anonymous way is to use localbitcoins. It depends in what geographical area you located, the bigger city, the biggest amount of potential buyers/sellers. also you need to keep in mind local laws, as police and secret service can use localbitcoins to identify users.
Keep that in mind. Good luck with that

You are very much right. I think everyone will be willing to go for crypto instead of fiat. Crypto currencies and especially Bitcoin is giving a lot of profit to its investors and its market price is increasing with higher rate as well. So everyone will be thinking of getting maximum benefit from it.

It is still necessary. Because right now there is no effective way to buy anything using crypto. Especially if you exclusively earn money using crypto, that would mean you will likely need to convert to fiat to buy your food and all other basic necessities. I think the best way is different from country to country. In mine, I always check the local exchange and localbitcoins. They sometimes have different rates and one is better than the other.

I do not actually think this is true. At least I don't think that anytime soon Bitcoin or any similar crypto-currency will be preferable to have for everyday transactions. Besides the usual obstacle of most places not accepting Bitcoin as a payment method, there is the safety issue (imagine how easy it would be to steal from people's wallets if they do not secure their phone) and the transaction fee issue (low value transactions still have to pay very high relative fees in order to be confirmed in the blockchain). I see the latter more easily solvable by a side-chain or a separate service that does not work on top of the blockchain. Imagine an Apple Pay that allows for transactions in Bitcoin value rather than through credit cards.

Rather than turning crypto into fiat, you could decide to buy something useful with it.  For example, you could buy millions of different items (https://spendabit.co/) with it, or if you wanted to hedge against volatility you could buy precious metals with it (https://www.jmbullion.com/investing-guide/buying-physical-metals/bitcoin/).
If you ever need to buy goods that can only be bought with fiat, you could simply use a Bitcoin debit card.  These convert to fiat at the time of transactions for a fee, and you can do other things which you can do with an ordinary debit card such as making ATM withdrawals.

They rely on centralised services, so it's reasonable to hold most of your coins away from the card, but for everyday purchases it's certainly useful when you prefer to be holding crypto than fiat.

You can buy in alot of stores so what will be the point in the future i think will be a most have cryptocurrency payment system

It never was necessary, and look at the humongous profit you would
have made had you not converted bitcoin to fiat starting from
bitcoin's inception in 2009.  One would have stood to make millions.
Not only that, but you still would be able to spend it in lieu of fiat.

Theret always a time to sell, though. It would be so nice to have more
reputable exchanges with which to do that.  Coinbase is probably the
best, but they still have a lot of problems.

1. It cant be avoided. If you have found a way to pay my internet bill with my Football coins I got from a past signature campaign then I would be happy to use that.

2. Exchanges are the most efficient and are the most cost effective way to convert to fiat. If you compute all the fees and the expenses of using them to get fiat into your bank account, it still is cheaper than localbitcoins.com.

Just like earlier pointed out already, I exchange my bitcoins for fiat currency on localbitcoins.
I usually wish to sell whenever I need some cash to spend in the real world, since Bitcoin is not a accepted as a means of payment in my country.
But at anytime, I make sure that I still have some bitcoins left in my wallet.

Right now converting to fiat is a must requirement, because with bitcoin we haven't got that acceptance in all markets same as that we use traditional currency. So, till such an situation exists we are supposed to convert and use it. Partly the direct acceptance from several companies have been getting increased.

The ideal scenario is a world where we deal with bitcoins directly between people and not converting to fiat at all. This is not

currently a good option, because not all countries and merchants within countries accepts Bitcoin as a currency. We currently

move between Fiat and Bitcoin, because we need more merchant adoption.  >:(

wirex debit card is pretty good just deposit bitcoin convert to your debit card and there you some fiat .There fees due up the ass  .There is TENX   as well but no idea how good they are

But how can we have merchant adoption if the people themselves dont want to spend their BTC because it an investment to them like gold, not money or a currency.

If you go to a merchant who accepts BTC and cash, which one would you use? Of course cash because who cares about it. While BTC could go to $100,000 in a few years.

For now, I'd suggest converting to fiat but that's just because Bitcoin is not accepted on a super wide scale. Once it starts being taken in by more corporations and businesses, you can hold Bitcoin instead and use that. The only issue with using Bitcoin on a daily basis is the volatility of it. You may pay 5$ for something in the moment but that might end up being worth 7$ the next day.

Yeah, the situation today is that not all merchants are into bitcoin because of so many factors that's why we still need to convert our bitcoin to fiat and then buy things that we want through online. However, bitcoin is really gaining a good traction and maybe, just maybe we are going to see more online merchants accepting it as mode of payment. But currently, we need to convert it to used them as cash or just hodl on your bitcoin as a form of investment.

This goes my vote, it is business on merchant and most countries is not adapting to spent they're bitcoin in stores. We can't blame them and even ourselves from holding one for we won't compromise the reality of future profits. It's regrettable to even think about spending it without exchanging it to fiat. In some it's look the same but it isn't, it's actually on your own perception that reflects it.

Yes I agree there's a difference between what it is and what it should be, bitcoin also being a currency should have been accepted by almost all the merchants, businesses, various services providers etc but the fact is that it's not so. So when you don't have much options to buy things which you want to or which you need, you eventually have to convert them to fiat but yes once efforts are made and bitcoin becomes a global currency only then we won't be needing to convert it to fiat. I hope that we will be able to buying goods, services, and anything we may think of with bitcoin soon and there will be no need to convert it to fiat.

predominantly user and stores to access with our bitcoin very less in the market or any places in the world. We need to get more adoption get the people to invest on bitcoin or eth based projects. As of now exchanging bitcoin into fiat is the good option to use the money everywhere instead of searching concern shop.

This could be scenario where the country has already legalized or accepted bitcoin. So that businesses will accept this as a payment mode. For countries of uncertainty,es with btc it will take some years before such currencies is being accepted by stores for purchases of goods.

Although it is now better not to exchange the crypto currency for fiat money, however, it is necessary to make certain purchases as necessary and, in connection with the still existing difficulty, to do it directly using the crypto currency, the need for such exchange will be for a long time and probably will not be completely eliminated. Therefore, I believe that the exchange between fiat and crypto currency is needed and it will exist for a long time.

You have a point sir. But we can't say that we're rich if all our money is in cryptos.
We can only consider ourselves rich when we already converted our coins into fiat. In that way we can buy
anything that we want without limit. Purchasing through bitcoin is very limited, we all knew that because bitcoin aren't yet acceptable in everywhere. Converting cryptos into fiat is still essential for me, it's not the old fashioned way but I think it's the wisest move.

With current economic situation it's impossible. But in the distant future it should be something like that. Goverment interested in it a lot. They can have more control without fiat than with it.

At present, I am not converting any of my coins to fiat. As you can see, all cryptocurrency's price is increasing day by day. So its better to keep all the coins without converting into fiat. And I hope very soon most of the reputed or branded shops will start accepting cryptocurrencies. Because now bitcoin and all cryptocurrencies have become very popular . So all the international and local brands will be forced to keep cryptos as one of the payment modes.

- If you want to turn your fiat into your crypto you have to buy Bitcoin then use that bitcoin (main digital currency ) to buy crypto.
- If you want to turn your crypto into fiat, you have to sell your crypto into Bitcoin then exchange bitcoin back into fiat.
So everything between Fiat and crypto will need Bitcoin at middle.

Yes, it is still very necessary. The crypto space is minuscule compared to the amount of business conducted in fiat. If you take a good look at buying goods and services , how many businesses accept crypto currencies as valid payment method? Less than one percent. The adoption rate has to increase exponentially before things will reach a level when you can hold your coins without needing to convert to fiat. Only bitcoin comes close anyway and companies like Bitpay are making a killing from this situation.

I don’t think there is any other way one can spend his or her bitcoin without having to exchange it to fiat, so we are only left with that option.
But if you’ve got enough money to spend, it will be best to overlook spending the money in your bitcoin wallet, and manage yourself with your Fiat; price is going up quickly, so what else can I say ?

The need to convert the crypto currency into fiat and vice versa will always be, as some will try to invest in the crypto currency, others - to derive the earned. To buy goods and services in most cases with the use of altcoins does not go directly, since sellers of goods and services do not need such altcoys. Therefore, altkoins are usually transferred first to bitcoin, and then the necessary purchase is made either for bitcoin, however, most often bitcoin is preliminarily transferred to the local currency. In some cases, the transfer to local currency is allowed directly through widespread altcoyins, such as monero, litecoin, ethereum. Exchange in each country there are different, so there is no need to list them.

There are merchants and stores that accept bitcoin as payment but there are only a few right now and mostly the items that we need for our basic needs are found in groceries which does not accept bitcoin as payment yet thus we need to convert to fiat to spend on things. I do agree to you OP that if it is possible not to spend the bitcoin in my wallet then I would just save it for long term investment because it is getting hard earning those coins and more expensive buying it.

Maybe time will come when there is no need to convert it as we would be spending it like fiat nowadays and a satoshi would be much more valuable that it is now. Bitcoin is more like a store of value for now but maybe there comes a time when we truly regard it as a currency and totally eliminate fiat but I think it would still be a long time for it to happen.

There will definetly come a day when you wont need to. Just this summer over a quarter million stores in Japan began accepting bitcoin.
I can guarantee with that many stores, all your necessities would be covered. Now the issue is, its hard giving up bitcoin for goods in the respect that bitcoin is a commodity with an ever increasing value. It would be interesting to see what happens if a society only uses a currency that increases rather than decreases in value.
It seems that it may stifle purchasing.

It would really be a tough decision specially if you are a person who do think up on the possibilities of the capabilities of bitcoin specially on future aspects.You would really have a doubt anytime you would decide up to buy up goods by using your bitcoin directly since you do know that this coin would potentially give you interest as the time goes by and rather than using your bitcoin you will still use up your local fiat to purchase physical goods.

Right now, and I speak for myself here, if I need extra money (like this week),
I do need to convert bitcoin to fiat.  My phone company doesn't take bitcoin,
nor my landlord, utility company, and grocery store.   All of those I pay with
fiat.  Crypto is and always will be an investment for me and not a currency,
and that's exactly why.  Nobody I need to pay accepts it.

All of that hopefully will change in the future, but right now it's definitely not
the case.

The exchange between crypto currency to fiat is still far from over unless countries started adopting it and legalize it then it wont be neccessary anymore to convert it to fiat. Cause if a country started accepting bitcoin then you can pay any businesses with bitcoin whether its a resto bar,restaurant, hotel or mall. I think the most efficient way to convert crypto to fiat is find a site that lets you convert into currency from my country we have coins.ph although the fees is quite high but its better than nothing.

I don't think you quite understand how Bitcoin adoption works. First off, there is no real thing such as a country "legalizing" Bitcoin. Bitcoin is already legal in most places around the world and we still don't see it being adopted by businesses. There is little incentive for businesses to adopt it even if it is promoted in a certain country. As much as people here like to think otherwise, Bitcoin is not really a means to avoid taxes or have a more convenient way to transact (at least not yet). What do you mean by a country accepting Bitcoin, exactly? I can't understand what you are trying to say by that, as it is not up to a government to dictate what businesses or financial institutions should be using.

Most efficient and cost effective way of exchanging BTC to fiat is using your local exchanges for many reasons, of-course make sure they are trusted before you use them.

The issue is that local exchanges can be potential scams. I'd say dealing with someone very trusted here who accepts escrow is better than dealing with a local exchanger. Overall, exchanged just boil down to what you're comfortable with though.

It is not nessesary but this is one i love to do for trading, bitcoin to fiat even it has a huge gap on buy and sell i can make good profit on that situation just good timing is our key on this method.
I think for now lots of people do this because lots of altcoin now was continuous decreasing its value and its hard to predict when is the best time to buy and sell altcoin and most of them are turning to scam.

There is no doubt in this thing that there are so many scammers sitting in the local exchange market but this doesn’t mean that you stop converting your crypto into fiat or vice versa. You need to find some good trading exchange like that of Bittrex trading exchange. You’ll hardly find any insecurity while performing any transaction over there.

When the country your living in has slow adaptation to bitcoin business and acceptance exchanging cryptocurrency into fiat is rampant and most of them are this who don’t do long term investments. It it clear now that to rage fiat out of individual system of living is for the government to legalized it and for the businesses to add it on they’re options.

I have some bitcoin crypto in my wallet account and then when I need money to meet my daily needs of course I will trade some bitcoin crypto I have with paper money. then I will transfer to my account number and of course half bitcoin I have will keep me for a long term investment. I think the money I have to pay for fiat transfers that I have my account number is not too expensive so I am quite happy to do this.

So why are you going in that there are many online exchanges which fits for us to start trading. I do trade my bitcoins with the localbitcoins.com only from the day I get into the bitcoin.
Now recent days their deposit fees only bothers me because it is additionally wasted my bitcoins I have in my online wallet or desktop wallet. I wish it to reduced because most trusted platform to sell our coins.

I think most of people do this. Bitcoin is not fiat currency and it is not acceptable for all necessary work on any country. For this reason, people have to depend on fiat currency and they exchange bitcoin on their native currency. But it is the wisest decision to save some Bitcoin on own wallet.

It's necessary because very few vendors accept Bitcoin. I would spend Bitcoins on necessities if I could, but only if I don't have cash.

Always go for those sites which are reputable and been known regarding on legitimacy on their service when it comes on exchanging your bitcoin to fiat itself but there are really some limitations which a certain individual would find out exchange would really be hard for them specially if the option on exchanging isn't available for them but well there are lots of alternative ways which you can eventually select and as being suggested just really be careful on to whom you are dealing with.

Converting cryptos to fiat before spending it is non-negotiable for those if us in Africa. We really can't spend them except we exchange them for paper money either online on in person. The crypto idea hasn't really caught up here like it is in Europe and Asia. So, I would say yes, conversion is necessary.

Absolutely right. Bitcoin is not fiat money and we can't buy and use money through bitcoin. In order to do our own work fiat money is necessary. Then we need to exchange our bitcoin on our fiat currency which is accepted by everywhere.

If you are going to be converting crypto to fiat on a regular basis it just makes no sense to do anything but sell it yourself. It takes some time to build up reputation on the p2p sites like paxful or localbitcoins.com but if you are earning a steady stream of crypto's it's worth the investment as you'll be getting 5%-15% above the spot rate when you sell it yourself.

There is a crypto debit card available but it's subject to KYC as usual... but since it's backed by VISA .. essentially you can use it anywhere that accepts a VISA card ... that makes FIAT even less necessary except when you load the card... the day will come when everything will be priced in BTC

In my opinion, there is no point of converting bitcoin into fiat. It is because of the reason that bitcoin is something more profitable and beneficial from profit point of view as compared to that of fiat. Even if there are less number of investors who are investing in bitcoin, you should hold your bitcoin as it is bitcoin which is going to give you more profit. Converting into fiat unless necessary is of no use.

It has become irrelevant to convert btc or altcoin to fiat unless you are need of it.now major potential altcoin also has become major investment asset that you can rely on get profit out of them.btc will increase day by day as more and more investor pop in so just hold it or do some trading to increase the quantity.

Yeah you are right we can't say bitcoin is accepted everywhere so we have to convert it into fiat currency.But when everyone started to use cryptos there will be no need for conversion maybe that will happen in 2025.In today's situation the conversion is important to buy or pay anyone.

If you the person earning bitcoin or altcoins is whale, he does not need to sell out the coins all the time but if you are from the middle class family to console your needs you will sell the coins all the time.
Since price increasing every day due to the effect of future hard fork you can hold the bitcoin till November 25, then you can sell out for future.

Sure, there is no point since most people after all are earning or purchasing to keep for long term. However, we cannot exempt some freelancers who has moved into the space of cryptocurrency and their basic earnings and gigs revolves around that, in cases like this, withdrawal to fiat is necessary except it they do not have any responsible to shoulder anyway. But for someone with responsibilities, it is just like earning normal salary and saving some percentage up for the future.

Not now but the bitcoin is being the part of the bitcoin and the value of eh bitcoins is increasing more and more. The bitcoin is being accept by all kind of the people and it is increasing the value of the bitcoin, buy the bitcoin and then hold the bitcoin for the long time, the money is having the huge circle and it is the best thing to buy more and more thing that the simple things we use to buy through the money.

You are right in this regard bitcoin have earned fame and game but it doesn’t up to that mark of being prevailed all over the world. Even if you consider only that countries that have made some amazing things regarding bitcoin, they don’t have that much access and acceptance for it. So better is to have converted in fiat, it mostly benefits you.

it depends on where you are i guess because not all country is widely bitcoin accepted and you still need to convert into fiat for you to buy goods you needed and for the goods that you wanted but the idea of this crypto currency is very brilliant because it will saves you time from withdrawing from the ATM whereas in bitcoin you can pay directly via QR code or manual sending a very convenient way that saves time and transaction fees, one thing this new medium of exchange is so broad that we can invest from in due to its fast capital appreciation. .

buy bitcoin!

No doubt adoption is still in its early stage and truly, unless we want to deceive ourselves, except for some who receive their major earning with bitcoin and will need to withdraw part of it for upkeep, most people are looking forward to the long term holding.

So, even if we see much adoption from merchants, we might not really see much spendings for now except for some who already have more than enough and can gladly use some to buy somethings. Nevertheless, it is a gradual process and a time will come when bitcoin will be accepted more than we have now.

Right now we don't have much options but convert them to fiat. It's because Bitcoin still not accepted as a mode of payment. It is because they are skeptical about Bitcoin. The fuctuations of price makes them hesitant. So we have to convert and be able to buy anything we need. Some online shops are accepting bitcoin as mode of payment but they are very rare. You can even count them with your own fingers. They have partnered with third parties like exchange so they can able to liquidate Bitcoin. But hopefully we see many companies, establishment or shops accepts Bitcoin in the future. Recently, Alibaba announced that they are going to accept Bitcoin. But due to stoppage of exchange ooerations. They will not be able to do that since the third parties(exchange) are still not be able to operate.


Me, we have a local wallet which you can convert your Bitcoin to fiat and cashout or send it to your bank account. This very convenient to me because you don't have to send your bitcoin to exchanges just to convert it to fiat. The wallet can do that and cost effective coz you only have to pay for sending or cashout process.

We are yet on adoption stage and developments is really gradually increasing which means we can really expect that soon many more merchants would able to accept bitcoins in exchange with their service and goods.For now we are still on the stage on actively exchanging our bitcoins in fiat because we know not all parts of the world have the same adoption on each places.

Retailers acceptance on bitcoin is not grown in all the places. There are very few places in Europe and Northern America accepting bitcoin in some merchant stores. Other bitcoin now widely started using in online stores and many people are requesting for the API to add in their online stores. Soon amazon is also gonna accept bitcoin. You have to wait till some years to see bitcoin everywhere.

A lot of people are having the bitcoin now and they are making the bitcoin for the online shopping I don’t know why a lot of the people are holding the bitcoin just to sell it at the panic or to waste the bitcoin for the low price, it is the time to buy the bitcoin and then make the bitcoin the part of your life so buy more and it is easy to buy all the things you can buy from money then why you want to change it.

Yes I also agree with you. Till date many people do not accept bitcoin as a regular currency and they want fiat or paper currency for their payments. It is therefore necessary to convert bitcoin into local fiat currency for purchasing something in local markets.

I think it will take more time to deal in bitcoin only and no need to convert bitcoin into any fiat currency, but we will have to wait for some time.

As an user mentioned till date what we have got in terms of payment opportunities with bitcoin is very low. This might increase with time as more marketplace has started accepting bitcoin through intermediary service who get in terms of bitcoin and provide the vendor in terms of fiat.

This is true for trading purposes. There is a way you can make a whole lot trading bitcoin to fiat using the local exchange. I have made a lot from this once there is a dip, there is just a fund set aside for that and I withdraw my coin and small part of the profit once I am satisfied leaving me with more coins at the end. You just have to be smart and fast with your decisions just like normal trading.

For now, yes! Once the Crypto Credit card ICO's start delivering their products - Centra, TenX, Metal & MCO. We will be able to spend our crypto assets like any currency with those cards!

It's because they can't buy things they are interested because the sellers don't accept Bitcoin yet. But if you don't want to convert Crypto to fiat to buy things you can use a debit card that convert Crypto to fiat instantly on each transaction you execute. I have seen on Youtube a guy using a debit card like this to order fast food and it worked very well... Probably this card takes some extra fee for itself on each transaction, but I'm not sure.

That does not necessarily mean. I don’t know about your country but in so many countries including mine, the government has not really declared their stance yet on bitcoin and activities are running normally in exchanges.
Unless the government decides to ban bitcoin and shut down all exchanges, I see no reason why it should be hard for anyone to withdraw into fiat. Maybe I am just saying this from my own experience anyway.

indeed not all countries accept bitcoin clearly, but there must be someone who can pioneer bitcoin in order to enter quickly in his country, so that all countries can transact comfortably and infinite, even access transactions between countries do not need to cost expensive and even does not take long

Well not really because I am not agree with your point of view I like the bitcoin and I am investing in the bitcoin so buy the more bitcoin and be the best investor of the bitcoin a lot of the people are getting the income from and they are trying to make the circle of the bitcoin investing safe through the wallets and the safe use of the bitcoin is not the issue now.

I hold the bitcoin and the power of the bitcoin will be more than this in some years.

It is mandatory because of the usability of bitcoin in the local markets. In my community lot of people even don’t know what is bitcoin and they will never accept a currency which has no physical existence. Therefore I think that converting bitcoin into fiat currency is very important if you want to use your bitcoin for buying something in the local markets. More time needs for direct use of bitcoin.

Not necessary in the countries or states who have already legalized bitcoin and many retailers and stores there are accepting bitcoins as payment method, but still in majority of the countries where bitcoin is not officially legalized there is a need of exchanging crypto to fiat for use.
Cryptos and bitcoins are more likely treated as an asset than just a currency, so people prefer to save it for future than to use it on daily basis.
I agree, I prefer localbitcoins.com because it is the convenient way to exchange crypto to fiat and vice versa.

Some of them have been existing for some time though only for BTC. Last time I checked, xapo was doing something like that. However, with so many of these guys coming up lately, and also having some of them like Centra having many options for multiple coins, spending cryptos will start becoming an easy thing and as once as a merchant makes use of card for payment, this should be a smooth ride.

I think there are so many other factors which compel us to convert our bitcoin or any other crypt o currency in to fiat. For example the unavailability of  stores who are accepting bitcoin, in fact in most of the countries people even do not know about bitcoin, therefore  it is difficult to find such shops who are accepting bitcoin for shopping.

Well I think it depends on which country you live, it is not necessary if your government support bitcoin as payment option where you can transaction with them freely, but for some countries transaction with bitcoin is prohibit so you must convert your bitcoin to the cash first, not only that lack of adoption is the main problem here not all the things that you can buy with bitcoin directly only a few merchants accept bitcoin as payment method and the fee is also higher if we compare to the cash.

On our country, it is more convinient when you have a fiat than crypto. My crypto earnings are converted into fiat to become usefull. Crypto currencies are not existed on our local market and you will need to convert it into fiat with some charges and that is the way i hated. Instead of using crypto hand on hand, i will obliged to pay charges on my own money to convert it. It is more economical if we have a fiat to fiat / crypto to crypto exchange.

Like you said if we convert cryptos into fiat currency it is more convenient to use it on local market to buy what we needed.This is because in many place no good internet which is important for crypto transaction and still many people don't know what is bitcoin.At present it is much needed to convert crypto earnings in to fiat to make it useful which includes many costs.But in future i think it is not needed because all people will start to accept crypto.

This is a valid reason as well don't have the facility anywhere to directly buy goods from cryptocurrency. Even if we get this facility anywhere still in my opinion converting crypto into fiat is more convenient for domestic shopping. On each crypto transaction we are charged with a transaction fee so, if there are different places where we shop from in a day we will have to pay the transaction fee for each one separately. Paying with fiat is more convenient inorder this regard. I feel the better way for small payments is fiat.

I see that their are already places acknowledging btc as a from of payment. But for us, it is hardly in the topic of any local markets if they are gonna accept it. I see some banners saying "bitcoin available here" but when i ask them, they have no idea what that it. It seems that it was just random banner given to them. I think it if better to pay iwht fiat because of the easy transaction rather than waiting for confirmation with just even 1 dollar item.

I haven't found any way of avoiding the exchanging from crypto to fiat because it is not possible for me to spend cryptos in my country as there aren't any places accepting cryptocurrencies nor there are much people knowing about them. So i have no choice but to exchange them in order to spend them.


Localbitcoins.com is the most efficient and cost effective method for me to exchange my Bitcoins to fiat so far. I send my Bitcoins to the site, which of course costs me the transaction fees plus a small fee for the site as well, and then i sell them to someone from my country and get the money in a bank account. Some banks charge something around $1 for transactions and some none, so summing them all up, i may need to pay around $2 to $4 for exchanging them to fiat, and for me, that seems to be the most reasonable amount of fees i could pay for exchanging my crypto to fiat.

This is really a very good approach. At present, you can pay with bitcoin but paying with bitcoin is not a suitable option as compared to that of paying with paper money. It all depends on your needs. If you think there is a need of converting your crypto currency, then you should go for converting your crypto currency into paper money. Otherwise, keep on holding your bitcoins in your wallets.

Even right from time, you don’t need to change to Fiat before you can actually trade. But no matter what, in some situations, it will be necessary to change to Fiat, cause you won’t be able to take care of somethings without Fiat.

As far as my country is concern, there's no merchants who are still accepting bitcoin yet. So its only logical for me to really convert it to traditional fiat in order to maximized the use of it. Either localbitcoins.com or our local exchanges is the way. Although our local exchanges charges a little bit when converting our bitcoin, I'm fine with it as long as its instant withdrawal for me. We don't have a choice right now since bitcoin already already well known around the world hasn't been universally accepted as of date. It will take 3-5 years before we can truly used it as for micro-payments.

Yes,, the root word for bitcoin not to be converted into fiat is “acceptance” that obviously the word our society not into.. The reality is the government itself is hesitant to make any policy about cryptocurrency for a reason they were the one who cares for our financial and economic instability.. They can’t risked those by doing what people/bitcoin users want but for the what is best for the country.. And sadly bitcoin is not yet at that level..

Well sometimes i do need money and im forced to exchange my coins into local fiat to pay, since at the moment i cant pay directly with my coins the bills and the products i wanna.
I do trade my coins with local people, with the p2p wich has always amazing deals and i dont loose a big fee, in some cases i get the rate of the moment with 10-12 dollars less, thats the comission of the buyer takes.

Even 3-5 years wont still be a guarantee that it would be already be transacted on most merchants globally.We wont know on what would happen ahead but yet seeing on the progress of bitcoin we can really presume that it would surely happen anytime soon but for now we dont have any choice but to stick on actively converting it because we do really need money on our basic needs but yet there are people did able to manage to hold up than on actively spending it because they do know the potential profits that it would give on future years to come.

I must say that it all depends on your needs. If you think that there is a need of changing your crypto currency into paper money, then you can go for it. Otherwise, I don’t think so that there will hardly any reason of changing it into paper money. It is because of the reason holding of crypto currency especially bitcoin is the most preferable thing and it can help you earn much more money.

First and foremost, most of the leaders belief on what is best for the country simply balls down to what is best for them. So many of the financial institutions and people in power have monopolized, manipulated and controlled the whole system that it would be so hard for them to just declare bitcoin legal for usage, apparently still with the use of cash.

However, they will not  have no choice eventually, with the rate bitcoin is going and they will just end up finding a way to tax it at the end once you are converting to fiat.

I know btc is very expensive now but I will still change it to fiat. Maybe rich investors are hoarding a lot of cryptos but I think the smart way is to exchange it in its pumping stage because it is volatile that means you can buy again once it falls.

In my opinion, there is no need of changing your crypto currency into paper money. It is because of the reason that with each passing day, all the crypto currencies especially bitcoin is gaining better reputation than the previous.

Now there are so many places from where you can get almost all the things which you actually need by paying with your bitcoin. You can shop, eat and buy the things quite comfortably.

Turning crypto into fiat is still necessary in my country.Though there are already merchants,agencies and electric companies accepting bitcoin as payment, but those are not here in my province and far to reach. Bitcoin is important because it is one source of our earnings but converting it into fiat is necessary too in order to have an easy way of buying and selling goods in the market because no one are accepting bitcoin here as payment and more people in this place are not aware about bitcoin . I just hope there are more merchants in our country accepting bitcoin as payment so that there is no need to convert it into fiat.

Gold is more popular and widely accepted in the world than Bitcoin, but nobody has ever talked about it being a currency or whatsoever. I don’t know why people should be considering Bitcoin a currency, while it is meant to be a stock for investment. There is every need to convert your money to fiat when you feel you have made enough profit. That’s it

For some that works directly online either via freelancing and earn purely from that does not really have a choice, at least no matter how little it is, they will still have to survive. In this case, the life scenario of having to withdraw is very important and most exchanges like P2P and direct to bank exchange has really been of help. Sometimes, a situation may even just warrant you to just have to withdraw.

The most important thing which plays a very major role in making this decision of changing the crypto currency into fiat is the condition of the person at that time. If you are really in need of paper money and you are left with no other option, then you have to go for converting your bitcoin into paper money. Otherwise, in normal days there is no need of doing all this. In fact hold your bitcoins for more money.

Well that good thing about bitcoin and alternative to bitcoin cryptocurrency is that no central agency or banks or nation that can disallow you to send or receive bitcoin and alt. Fiat is still good in the economy even though historically it has no meaning or best exact meaning in our society fiat is still the currency the nation economy needs

Turning the cryptocurrency into fiat is necessary for all of us ,we know that as of now we using money as a transparent of  exchanging trade of each other.we live in nation that all is regulated and altcoins  is only alternate of currency we used.maybe soon if the government regulate bitcoin we dont need fiat anymore,but for as now we need fiat for anykind of transaction.

I still exchange it to fiat because I need it to buy things for my everyday needs. I know btc is very expensive now and it's value is getting higher so I keep some of my btc.

exchange cryptocurrency into fiat is no needed if your country legalized cryptocurrency already. But in countries that cryptocurrency is not legalized yet, people still have to exchange it into fiat and it's the only way to use in here. Beside there are few countries banned cryptocurrency that mean nobody can be able to use currency or even exchange it into fiat :))

I agree, there is no need to convert bitcoin in fiat currency because when everything is possible with bitcoin then why one should give transaction and exchange fee on that. Just buy anything anywhere in the world and pay your bills from your bitcoin wallet.

Now the shopping is very easy all over the world. The world has become a one big market due to bitcoin. No need to convert bitcoin in fiat or any other currency.

But till that is possible in all countrys some years will past away. Keep it in your wallet (like on your deposit account) and take the profit from the raising bitcoin market.

No need to convert bitcoin in fiat currency because when everything is possible with bitcoin then why one should give transaction and exchange fee on that. Just buy anything anywhere in the world and pay your bills from your bitcoin wallet. Now the shopping is very easy all over the world.

The world has become a one big market due to bitcoin. No need to convert bitcoin in fiat or any other currency. Not the time is different.

I don't feel that the world already has become a big market due to bitcoin but it is turning out to be a one big market very soon. There are some countries where you can trade or buy product easily with the bitcoin, but in maximum of the countries of the world still does not have the facility to buy directly with the bitcoin.

The point is on how we can live with bitcoin or not and the answer nowadays you cannot do that.
You need fiat in order to buy stuff and your daily needs , we are having big problem on adoption growth .
Once there is a lot of store accept bitcoin to fulfill our daily needs, i will never exchange my bitcoin and just keep and spend it.

I agree with that.  Some stores are already accepting bitcoin and I believe that there will be more in the future since many people is starting to recognize bitcoin now.  The popularity of bitcoin is increasing due to high demand and this results for bitcoin to look even more good for investments.

Still,  we are  talking about converting crypto into  fiat.  It is necessary because we only used bitcoin in online payments.  Fiats is what we used for regular payments.

Yeaa we need something that makes the merchants interested to adopt bitcoin as their payment processor.
Not just only lured by the high price that makes investor attracted , we need more merchants for sure to realized the peer to peer electronic cash system.
I will gladly to welcome the digital era anytime .

That’s something you will never see happen. Bitcoin is just turning into a form of digital gold and one day it would just reach a stable rate just like Gold and will be sold for like a $100,000. At that time, there will only be less volatility, and people can only trade on it with other stocks and commodities and Fiats and not make Investment or even think about using it as a payment method.

After segwit btc coulb be fall,

Stablity is issue what we all expecting on bitcoin. If that is happen we no need to worry about anything and clearing take bitcoin as investment option like Gold or real estate.
I hope banks and all to accept bitcoin as a legal to deposit and withdraw by using bitcoin usage as a optional for the consumers.
We are seeing every day we find the btc payment api added to the e-stores in as a payment method.

For some countries that bitcoin are legal and merchants are accepting bitcoin as payment, converting into fiat is not that applicable like you can shop with just your phone in your pocket then you're good to go. But for the countries that bitcoin are not yet widely known converting into fiat is only way to use and spend bitcoin. Just convert some of your coins then buy and do whatever you want.
Yeah maybe someday we can see cashless society but this will surely take years as bitcoin is still in early stage of adoption.

If bitcoin already legalized in your country still i suggest better convert it to fiat for the products we need to buy because buying through the bitcoin is little expensive due to the transaction fees if we pay transaction fee for all the products we buy the we have to pay half of our btc just only for the transaction so if we have to spend btc today convert it into fiat then use it.
Maybe in future the whole world become cashless economy the we can pay directly into bitcoin but today fiat is necessary.

If the bitcoin be legalized  in your country then they will apply the rules and regulations on that then you cannot able to use the bitcoin like how your are using it.
If online stores and offline supermarket comes with the bitcoin payment API means then we no need worry that to be legal and all. Just payment makes you powered with bitcoin.

I think as of now, people will still likely to exchange their bitcoins to fiat, since there are still.a lot of merchants that are accepting fiat than bitcoin, we still need more time for the general public to accept bitcoin and to have more mechants, that will come, let's just not rush things and convert our bitcoins to fiat, we need to remember hat bitcoin is the future of currency.

possibly Bitcoin and has huge potential in the future to become a single currency in the world, but to date we need to understand that most people that I use crypto-currency. And in particular Bitcoin, these are people who earn a currency and exchange for real money. Emma feat today is more necessary for people for real purposes, and the crypto currency gives the chance to earn this money.

It depends on convinience. If you can transact with BTC at ease, then there would be no need to change into fiat. But there are few merchants and countries accepting BTC as a currency. Many people still take it as a scum. So, for your convinience, you use that which is okay for you. A time will come when there will be no need to change BTC into fiat. There are traders who are accepting BTC. But with the option of the marketplace and localBitcoins, everyone is sorted.

we all know bitcoin is banned in many countries and also in some countries bitcoin is not accepted in shops or market.So people must convert bitcoin to fiat first before use it.

In my country bitcoin is not tagged as illegal but most of the people is not introduced with bitcoin.So,here bitcoin is not used in any kind of business.That's why I need to convert bitcoin to fiat before use.I hope in future bitcoin will be more popular and we will be able to use bitcoin in the every corner of the world.

I think it's still needed cause there are very few place that everyone can use Bitcoin directly for payment cause Bitcoin is not legalized worldwide so for almost people all over the world they still need to exchange Bitcoin into fiat if they want to use it to buy anything or pay for bill.

Hi, mine is not an idea but more if a comment. Probably for people living in countries where crypto currencies are already generally accepted in businesses, just like in Japan, this is possible. Here in the Philippines it is still not possible because the shops accepting crypto are limited. My suggestion however would be to target a country and spur the businesses there to accept crypto. This way globally it would be more prevalent and accepted.

It’s necessary to convert your money to Fiat, and reason is that Fiat is very important because there are lots of things you can do with it, lots of things you need to buy and lots of things you need to pay. I don’t know why you should leave your money in bitcoin and call yourself a smart guy, unless your country let’s citizens pay their bills and other things with Bitcoin. So fiat is always needed, there are lots of things to take care of and you can only do them with the help of Fiat.

Right now it is still necessary. Since there are not much services or sellers that accept bitcoins yet, even in Japan there aren't yet a lot of merchants accepting it yet. But that would be a dreamland if bitcoins could be accepted in anything and everything. But as of now, there is little support yet for bitcoins to be used outside of the online world. But humanity is digitizing everything so there is a great chance it could happen in the near future.

Right now it is still necessary to convert digital currencies into fiat. It is still necessary because there are things that bitcoin itself or other coins can't buy. What is the other option then? Convert bitcoin into fiat money in order to buy things that can't buy using crypto coins.
Cryptocurrency has been accepted in some countries in the world but not all are accepting it or they don't even know it so they prefer fiat money rather than crypto

Precisely, still it is better to have conveted digital currency because as of now cryptocoins are not fully accepted in this world and even there are few store that accept it as payment. Besides most of people are still prefer to use fiat because this is our old tradition of transaction yet it is easy to buy thing through it without internet connection unlike crypto currencies.

That totally depends on your location, which you may have to find an answer to such on Google. However, you can make use of localbitcoin since it has a widespread usage in almost all countries and the fact that it is a P2P platform of exchange. You may just need to be careful.
However, there are some exchanges that may need you to go through the verification process, to be able to exchange directly to fiat. So far, I have been making use of LUNO and REMITANO to achieve that. Luno mainly operate in European and African countries though and you will need to get verified.

So far, technologies on my country is limited and we have no POS that accepts bitcoins, or if there are any, its few. In order to use cryptocurrency to buy something, you will convert it into fiat but of course, it has corresponding charges depending on the amount you have converted. So far, we have one major wallet that we use here. So converting crypto to fiat is still necessary on my country.

There is no reason for someone to keep their money in Bitcoin, you should exchange them sometimes cause there are some issues that you can’t solve with bitcoin, just like paying bills (Bitcoin can’t be used to pay your bills, or can it? Capital NO!), You need to go to the market and buy stuffs and food for the family, and you know that bitcoin can’t do that for you, next you have got to pay some rents, you’re also sure that you can’t use Bitcoin for that. So it’s always necessary to exchange your bitcoin to Fiat, but not all.

Of course it's still needed cause there are no cryptocurrency legalized already so when we want to use our cryptocurrency to buy anything or pay for bill we still need to exchange in into fiat.

I think technologies around the world are all at different levels at the moment which makes this crypto - fiat relationship to remain relevant, and besides we need fiat in case crypto services are down which might be caused by an internet outage or some service maintenance.

And for some countries that have banned cryptos, i think fiat is still in the driver's seat.

It is obviously still needed and until we start seeing real life usage where we can easily make payments at any store without having to convert to fiat, then we might just still have to stay glued on making use of the exchanges to convert to fiat. Sure, a time will come when a lot of things will change most especially with the ways we make use of bitcoin but I would not really want to bother myself much on that so far until when those times come.

Fiat currency is still the backbone of all the transactions around the world as most of the people don't have internet access 24/7 and also cryptocurrencies are no so flexible and handy now to use them for our daily payment. But one day surely there will be a revolution of currency and cryptocurrencies will be accepted all around the world.

I think it is still nessesary at the moment cause Bitcoin is still not a currency cause it's not legalized in any country yet so if we want to pay for anything or services via Bitcoin we still need to exchange Bitcoin into cash to be able to do that :D

The reason why bitcoin cannot buy most of these things is just mainly because it is hard to find merchants to accept them so far. I would really want to see the time when merchants will start making good use of bitcoin as payment system in flexible terms as this would really create huge awareness for the currency. However, I believe this would obviously mean the government one way will have to be involved.

In my eyes it is not necessary till date because bitcoin is not fully cover the whole market and it will take more time to overcome all the other paper and fiat currencies. I suggest holding both the currencies fiat and bitcoin fiat for local trading and bitcoin for earning more and more money and when you realize the need for your life then you can sell them for your needs, but it is not necessary to turn to one currency.

Yes that is is right and the reason behind this is that bitcoin users are still low in number, i am sure that when the number of bitcoin users will increase then there are more chances that the use of bitcoin will decrease, because it is more convenient and easy to use bitcoin for different purposes, in modern time the young generation will also give more preference to bitcoin instead of fiat currency.

Yes, we are still low in number compared to the traditional fiat that gets used all around. Also the market place that support bitcoin and other digital currencies were also low in number. When this attains certain margin, there is no need of converting to fiat. Can keep hold of it and use directly on requirement. Till that fiat is must and for the same we need to go long.

It will become necessary to convert crypto currency into fait currency to be able to purchase an items or products in some countries where crypto currency is not accepted as a mode of payment for goods and services. Just like the case of my country where you cannot find shop's that accept any crypto currency as a mode of payment for goods you will have no options than to convert your Bitcoin through local Bitcoin exchange for be able to purchase an items or products.

Turning Bitcoin or crypto currency into fait currency is still necessary in some where crypto currency are yet to be accepted as a means payment for goods and services. But I believe a time will where the need to convert crypto currency into fait currency will be no more. It is most easy to convert Bitcoin or crypto currency via local Bitcoin exchange or directly on coinsbase though limited to some countries.

It is true the bitcoin is being use for a lot of the reasons and the bitcoin is now getting more and more famous I hope in the future I will be able to have the high profit but it is not that fast earning for this I will have to increase the bitcoin value and the income I am sure the profit matters a lot and as much as the bitcoin is going high the bitcoin will be the best support for a lot of the people now and the income of the bitcoin will be high.

Not at all. At the moment there are a lot of online shops, stores or serivces that accept Bitcoin for payment so we can use our Bitcoin directly in here. But with offline place like supermarket, mall,...I think it's still needed cause Bitcoin is not legalized so it's not a currency so we can't use it in these places

Everyone has his own way of looking up at the things but I have a different point of view. In my opinion, turning of any kind of crypto currency may it be bitcoin or some other crypto currency into paper money and that too without having any kind of need is not a good thing to do. Holding of crypto currencies can for sure help us in making more amount of paper money than converting into fiat.

In the present world, you actually do need paper money in order to meet your daily expenditures. The thing is holding of crypto currency like that of bitcoin can actually help you in earning of a very good amount of money. If there is no emergency of converting your digital currency into paper money, then do not go for that. Keep on holding your coins and it will result in more money.

I think it will depend upon the situation of the person, if they can survive without turning crypto currency into fiat, that is well and good, but if they have to, it is upon their discretion, but if you are looking at it as an investor, it is not advisable since below 100000 usd, is still considered a low value for bitcoin, if we could wait, let's keep investing and hodl for a long period.

Crypto is still not on the mainstream adoption but I know that we are close on getting there so for now, people are still turning crypto into fiat. Because once cryptocurrencies takes over everything then turning crypto into fiat is not needed anymore.

Well you are right because the date does not matter and the date is not fixed yet but the bitcoin price and the value will be high, the fiat is important and the bitcoin currency will give you the highest price I am sure in the coming age the bitcoin will be use as the fiat because now the bitcoin is helping a lot of the people to buy all the things he want to have I am sure the bitcoin is now giving me the value and the price more high.

Turning crypto into fiat is necessary and irrevocable as of now because the mainstream of this our goal as of now, to exchange it fiat in times of we need a physical aspectthat we can used everyday in our life.traditional currency is our daily bargaining to buy everything and its legalized by the government and accept as bargain in local bussiness, but maybe someday if this cryptocurrency will became legal and accept by the government as a known real currency,thats the time we dont need that fiat money.

You're absolutely right. However, I can't really access fiat, I usually have to use a Bitcoin or crypto debit card to either get fiat out of the machine or pay with stuff using a card. I get paid in nothing but crypto ALL the time. So if cryptos did take over my life would be much easier, but it would be a nightmare to watch the vast majority of people going through absolute Hell when trying to figure out what is actually happening. That would be devastating so I wouldn't mind waiting a bit longer for people to catch up and learn more about this new crypto economy.

Lol that's one of the padded-est shitposts I've read thus far. Tons of words and nothing of substance.   

Now, do we still have to convert bitcoin to fiat?  In my case I'd have to say hell yes.  I can't pay rent, utilities, buy gas or pretty much anything else with bitcoin.  I was going to buy some headphones on newegg, but I can't physically test any of them out.  My understanding is that you could potentially buy all your needs with bitcoin, but it's too much of a pain in the ass for me.  I'd rather sell crypto for cash--and it's a damn shame that Circle doesn't deal with btc anymore.

You’re right on that aspect about self interest of the government officials running our society.. But we can’t also deny the fact that geopolitical thing happens in our world.. If we and specifically my country will drastically accept bitcoin without the approval from the central banks ( loan will be compromised) most country is blackmailed by this.. Those us who lives in a third country and not like Japan that has the capacity to not follow this kind of oppression..

I still convert my bitcoin to fiat too because every day I need money to buy something and I need to fill my daily needs. without money, I cannot buy anything. until we can use bitcoin to buy something in real life, we still need to convert bitcoin to fiat. but it is different if on the internet, there is an online store selling something and we can pay with bitcoin, then we don't need to fiat although we can buy directly with our debit/credit card.

The decision on converting bitcoin to fiat or some other form is purely depends upon the growth as well the necessity. At present the price of bitcoin is growing with fluctuations that are to provide forward push at some time interval. Upon this, it's good to keep hold of the bitcoin without moving it elsewhere.

yes The most important thing which results in changing of crypto into paper money is having the need of paper money for any sort of reason. If you are going to convert your bitcoins into paper money and that too without having any reason, then there are chances that you might regret in the future by the decision which you made. So, you need to be very much careful while making this decision as things once done can’t be reversed.

I think still majority of people feel the need to convert their bitcoin in to fiat. Actually still in most of the places people do not have the facilities of using bitcoin for shopping directly without changing it into fiat currency, may be in very few places like Japan and Brazil people have some opportunities but still even they cannot purchase everything using bitcoin because not all the shopkeepers are accepting bitcoin for shopping.

in some point yes everyone in this community want to have
 crypto into their wallets but most of us wanted an assurance to be
secured,so many has turn half of the crypto i to fiat,or someones
 using for off,ine businesses reserving for future targets

It is just a matter of time. Technologies are more adapted faster in some places than in other places and it totally depends on how willing and ready the governments of these countries are to accept or legalize it. We have seen some of these situations in the past even with internet, smart gadgets and so on, same thing applies to bitcoin just that this one is a little bit different as it disrupts the monetary system. Over time, things would change and even without legalization, exchanges in conversion to fiat are still operating in some places.

I'm from Indonesia. As a background, Indonesian Central Bank Governor recently stated that they will soon prohibit any financial firms to process Bitcoin and other cryptocurrencies related transaction. While the policy has not been released yet, but it's kinda obvious that Bitcoin-IDR exchanger will soon be prohibited. As you can see, since late November, Bitcoin price in IDR is at 10-20% premium, currently trading at $12500 vs $11785 on Bitfinex. Because of this, I'm withdrawing all my money and crypto from the local exchange.

I used to buy and sell Bitcoin regularly using the local exchange, bitcoin.co.id and Luno, for years. Both offering great service overall. Now that we're facing a ban, I'm thinking how would I buy and sell Bitcoin to IDR in the future? Before there was a local Bitcoin exchange, I sell my Bitcoin OTC or trade BTC-e voucher to some people. Those methods are obviously inefficient, slow, inconvenient, and most importantly extremely expensive. Most of my income is crypto related. I'm now worried that I'll have to do it like in the old days.

I know that this isn't answering your question, I just wanna share to the community the (potential) problem that I'm currently facing.

Frankly, I am still a bit scared of cryptos because they are so volatile and stuff, but appart from that, I cannot think of any good reason to have fiat .. at all.

There comes number of occasions when you have to go for converting of any of your crypto coins into paper money. It is because of the fact that still there are not so many places all over the world where you can buy almost all the things by using your crypto coin. So, most the time you have to go for converting your crypto currency into paper money as you do need paper money for meeting your daily based needs.

In fact, the first time I made use of my crypto direct into buying things without having to convert first was recently when I bought some land from a crypto enthusiast and he was so happy knowing he is selling to a crypto enthusiast who was ready to pay in bitcoin and even gave me some discount cause of that.

It is a good thing knowing you can spend at least without converting into fiat and paying some crazy tax ;D (Sorry for those who may feel otherwise about tax). For now, though, you may still have to convert mostly to fiat first before doing anything.

From now even though Crypto in on the moves right now we still run by fiat and the world's economy still coping from these change however as the year's comes by we will no need to worry changing bitcoin into fiat as many land service now accept Bitcoin and alternative o bitcoin cryptocurrency's.

Well you can do a lot things online, but currently you cant buy a car or a house into the most places, even with some people already doing thise business is quite limited, and very and few people dealing this ways, you can always exchange low ammount to fiat without pay a tax, but if you have a big ammount you will loose a fee to the country, thats why they are forcing exchanges to expose bitcoin traders, if those happen it will be the end of such exchanges.

Due to the un acceptance of bitcoin directly for the purchase of most of the thing only force us to take the u turn into fiat this is going to be rectified I believe when globally crptocurrency create the revolution in the financial sector every small thing will be disappeared and lot new thing will be added to make bitcoin users life easy and comfortable.

It all depends on the needs of the person. If you are having some kind of urgency or you really need paper money, then it is not a bad idea to make the best possible use of your bitcoins and convert them into paper money. In normal days, once you are not having any kind of emergency, the best practice which you can observe is to remain calm and keep on holding your bitcoins for more time.

This is true which turns out to be on case to case basis since not all people are similar when it comes on situations on life where there are instances where we do really need money and we are out of cash either we don't have still salary yet or don't have too much savings which do lack on the money you do currently need and as being said its not really bad to get some of your coins and convert it to fiat since this is also good for having a back up fund and at the same time it do gain interest as you keep it.

For now and maybe in the near future I think we still need to do that cause Bitcoin isn't legalized in any country yet so when we want to use our Bitcoin to purchase or buy anything in offline place we still need exchange it into fiat cause there are only few offline places that accept Bitcoin for payment. But I think the number of online place accept Bitcoin is better and it's increasing very quickly day by day.

That is why you need to be focused on it. Get yourself always updated with news and development and must be aware of the price movement.  It is still necessary to turn crypto into fiat since local stores are not accepting Bitcoin yet.  And without them accepting Bitcoin, there is always a reason to convert Crypto into fiat, the best thing is we should know when to convert to take the maximum profit out of the conversion.

What would exchanges want to expose bitcoin traders? The thing is as long as you can place the source of your money, you have nothing to be worried about and the reason why most exchanges are KYC compliant is so they can stick to the regulations and policies of the government to track down any evil doer.

If you are a business man and you receive your funds in bitcoin and decide to cash out via exchange, which will hold you and even if an alert is sent to the law enforcement agencies, you can prove your income.

You actually do need money for meeting all your expenditures but the thing is you can use your regular currency which you have other than bitcoin for that purpose. Turning of bitcoin into paper money is not that much necessary and we all need to avoid this option for as long period of time as we can. This will eventually result in our profit and we’ll be able to have more money by turning our bitcoins into fiat then.

Yes it is important in which you will fimd more convenient. Just like in me , I usually use bitcoin in paying some bill and buying load. And I'll do it all online. So I dont even need to go to the shop and directly pay my bills i'll just use my bitcoin.  While in the other hand if I have an expenses that i need cash, there you go we need to exchange our currency into fiat.

In 10 or 15 years, maybe crypto exchange in fiat or fiat in crypto may be ruled out. Recently there have been several news from countries creating their own virtual currency, that is, this is going to be the reality, then the trend and that in future each country will own its altcoin, then those who negotiate or live on exchanges will no longer need to rely on fraudulent exchanges to swap your fiat in alt or vice versa.

When countries adopt currencies they can be sure that the level of acceptance will grow absurdly, several trading establishments have begun to accept this new model of payment.

The distributed ledger technology is in itself quite independant from a central authority. That is why I like it, the government cannot print more for political reasons and, if I choose to, won´t have any idea of what I have.

Apparently, paper currencies are still needed and I agree with you that without any reason there is no point changing into fiat for now since we meant to be the HODLers.

Although, some of us still have to spend since we make so much in the crypto world being a freelancer than in the real world and it really makes no sense trying to be greedy to leave all of your savings into crypto. For now, cryptos cannot be spent, so basically, converting to fiat is still very much necessary.

Yeah, a lot of people except for holders of course.

There is no way you can really spend much of what you have these days since you can still hardly see merchants in most places accepting bitcoin. That would change in the long run anyway, but until then, there is still a huge need for fiat for those who are still into the game of having spending some of what they have.

It is still necessary for me to convert crypto to fiat because there are expenses that cannot be paid directly with bitcoin such as groceries. The supermarket does not accept bitcoin yet and if ever they would, I would not use bitcoin for now because confirmation will take some time and the fee is high which is not practical when purchasing small value items. From time to time, I convert my earnings in here to fiat using our local exchange platform that is license by the central bank so I can directly send my money to my bank account which is pretty convenient.

For now we still ruled by fiat or paper bills from everyday life we use it but all things will change as more and more markets both online and offline will accept bitcoin, it is still necessary to change bitcoin to fiat from time to time as a bitcoin trader

I think the HOLD concept is now giving way to the USE concept. Curiously, the more a coin is used, the more value it has.

Yea, most especially now that the usage of bitcoin is not widespread and hardly will you walk up to 10 stores before you even get the chances of seeing anyone accepting bitcoin for now. Except for countries like Japan so far that has been able to legalize and regulate bitcoin, I really want to believe it must have given some merchants more chance to play around its usage than in places where it is not.

You do need to convert your bitcoin into fiat. It is because of the fact that you do need to have paper money in order to survive in this world. Moreover, meeting your daily expenditures can only be possible of you do have money. At the time of ease, when you do have enough money that you can meet your expenditures, do not go for converting your bitcoins into fiat then. Instead of this, hold your bitcoins for more profit.

The time you are talking about where people won't feel the need to convert cryptocurrencies into fiat money is still a lot ahead because there are hardly few countries where bitcoin can be used as legal tender to buy anything and on the other hand there are many such countries where bitcoin is not accepted some countries it is illegal from what I have heard. Another reason is people would avoid the use of bitcoin in buying daily items would be the transaction fees and confirmation time, people use cash for those reasons as no confirmation time is required and transaction fees at that level. 

Turning of the bitcoin into paper money is necessary thing right now if you want to buy different sort of things or you want to meet any kind of expenditures. Till the time this bitcoin will not be accepted as legal currency by almost all the world, we’ll have to convert our bitcoin into paper money first.

Only then we’ll be able to make something good out of it. There are certain places where you can use your bitcoin too but those are very few.

We have the same thought, bitcoin is still not fully accepted world wide so that we still must convert our bitcoin into fiat in order to spend it. Yeah there are some online and offline store that accept bitcoin as payment but ony few. Though in some country like Japan, you were able to use it but it will takes a lot of time for a world to accept it and use it in any kind of transaction.

It’s always necessary to turn your Bitcoin into fiat once you might have accomplished your target. If you’re thinking that you can just live a life with only Bitcoin, you must be making a huge mistake. You can have both bitcoin and fiat, cause fiat is always necessary for your daily living while Bitcoin is just for you to make Investment and few other things.

Thats true, if the country you are in legalize bitcoin or merchants are accepting bitcoin then theres no need to convert bitcoin to fiat but if you cant spend it in stores you have no choice but to do it to be able to use btc for your needs.

Since its not popular here yet and no stores or malls are accepting it for payment we have to convert to fiat first using our local exchange before we can use it. Maybe in the future we can see changes when btc is widely recognize by many countries.

If you can to use bitcoin as you wish, doesn't that means that it's legal and you won't get headache for using it?
Well, I can use it as I wish in my country but let's decide to pay with it and don't look to exchangers. These people looks price of bitcoin in usd, so if it falls, I have to send more bitcoin or oppositely, it rises and I even get profit. There are both risks and finally it is measured by USD so big no to your post, there is a need to convert it in fiat.

Today it is possible to sustain itself only with the crypt by setting off the fiat of its portifolio. I researched and saw that some companies already provide credit / debit card (Xapo, BitPlastic for example) based on the BTC ie you could simply pay your bills or make a purchase of the month for example through the credit / debit card. Of course this would limit your life a lot, because it is not all the places that give you the option to buy through the card.

yeaa it should become a consideration , we cannot spend our bitcoin to get lunch , dinner etc
We still need it at least for now as the merchant is limited , people cannot do much with bitcoin in their daily lives.
Or just simply you should become the pioneer who adopt bitcoin as the payment tool in your own store.

so I always say that bitcoin this currency only for a certain range of people. in the first place there is no infrastructure for use bitcoin as payment tools, and the second it will be rarely, because most of the human will not be able to use bitcoin.

We still rule by fiat today unfortunately, it is necessary also to save the value of your bitcoin in times of sudden fluctuations of price

Yeah, most especially for those who may want to spend or have their major source of income in cryptocurrency ! The necessity to convert to fiat is still there until maybe we can see merchants getting to start making use of it and in that case, bitcoin itself would have become usable for micro transactions and that would mean the scaling issue has been in a way resolved and being upgraded every time.

Another reason for them for not holding cypto is volatility of cryptos. But for someone who really understands the trend with crypto and how far we have come, volatility should even be of less concern. At this time that things have even gotten much better as the strength of bitcoin keeps increasing and we are not seeing corrections that would even stay for too long, that shows that the market is getting matured.

Fiat is even as volatile as crypto, the only difference is that the government just always no how to hide it by manipulating the currency so we can think whatever we want to think on the value we want to place on it.

This is one of the reasons why they decided to make some people powerful so they can always do the needful when situations like that come. Crypto on the hand is decentralized, what we place on it, is the value it is going to be and that makes it even more awesome.

In any case, the money should be stored in different places and in different currencies. Part should be in crypto, some in the Fiat.

i choose Turning crypto into fiat because i need fiat more than bitcoin bitcoin now is as investment for me .

also bitcoin is important so turning what i need from fiat and sell other

However don't consider this like a fiat which can be spend for shopping and everything. Cryptocurrency is an investment that will helps to grow your fiat at the same time. So i suggest you to hold them untill its needed in emergency.
Conversion is not needed if cryptos can be accepted wherever the fiat as a payments system. I will not recommend localbitcoin.com as they have few trusless people but coinbase is pretty good since i heard recommendation for most of the people

For now but for the next couple of years, fiat would be big no. Crypto would go from here and there and you can only choose different altcoin and not different fiat currency for paying.

Exactly, the only thing we want to have in our lives by investing in bitcoin is that we want to lead a luxurious life and we want to meet the needs of our family. If we will not turn our crypto coins into paper money, we cannot make the best use of those coins. We do need to convert them into paper money first as we cannot use it till today. However, we should try not to waste our bitcoins by spending at useless places.

Yes it is right. We should take a look on which instance that bitcoin become more useful than fiat.
Which is more convinient to use .
Is it the bitcoin or the fiat.
Actually for me its still need to exchaange btc in to fiat . Because as we all know bitcoin has no pgysical appearance in the market
Aside from that bitcoin are not yet legalize by world wide.
Very few country are honoring btc as a direct pay offs.

At this time I think it is still necessary to turn SOME of your Bitcoins to fiat currency especially when doing Bitcoin is your only means of earning. However, if doing Bitcoin is just one of your many sources of income, then I do not think you would even want to cash out your Bitcoins. We still live in an era wherein Bitcoin is still not the money used to pay our bills. We are still stuck in the traditional fiat era. Hence, when we need something for sustenance or for business, you would want to convert your Bitcoins to fiat currency to use them.

I personally like to pay bills with fiat. I still feel sorry for the 10K bitcoin pizza guy so, I don't want to be the next one.  ;D I feel fiat a convenient way than to pay through cryptocurrency and wait for the confirmation of the transaction. I see cryptocurrency as a tool of investment to grow the volume of fiat. Also there are some major problems with bitcoin that keeps it out from the list of preferred currencies for micro payments. If I was financially strong enough to pay without selling bitcoin I would never sell my bitcoin but currently the situation don't allow me to do so.

This problem is for all crypto users and because you have asked about this I think this is purely based on what country you're are in (because we can't have the pure idea be applied in the big picture because as we can see, all nations and areas have a specific rules about cryptocurrencies) and yes we are too young to have the easiest way to solve the problem in the exchanges of fiat to crypto currencies and vice versa. Factors to be considered regarding this is the;
location, what country and what is your country's jurisdiction regarding cryptocurrencies, internet connectivity and what platforms are there in that country to sustain the exchanges of fiat to crypto.

I think the most effective in this one is when we convince our own government to support the exchanges of cryptocurrency which will unlikely to happen anytime but I'm hoping that we will reach that point. ALL in in CRYPTO.

That's not true , bitcoin is for everyone. Just the matter of time bitcoin get developed well.
The potential of bitcoin to grow its utility still far from what satoshi as an inventor expected for sure.
We just need a little bit more time to make people can really take a look into bitcoin usage how important it is in the future.

People who make use of bitcoin for regular day to day needs used to convert to fiat. No matter with the price variations. Somehow the amount is getting used by an user, whereas some users to spend on unnecessary needs. Those people can think of the growth and keeping as it is will gain a good profit as the price grows with some time interval.

There are likely chances that in the coming days, we’ll not even need of having paper money in our wallets as we’ll be able to pay the bills and but the things using crypto currencies. At the very present time, there is a need of changing your crypto coins into paper money as you need to have paper money to meet up your needs. You should try not to convert your digital currency into paper money until necessary.

It all depends on the needs and wants of the individuals who are having bitcoins in their wallets. Turning of bitcoin into paper money is no doubt very much necessary for meeting all our expenditure but I believe that holding of bitcoin can do lot more than this for us.

If there is no such need of paper money, then it is better not to convert your bitcoins into paper money as later, you will be able to get lot more money.

For as of now,its necessary to us,turning crypto into fiat,because our traditional way of exchange is using a paper money and all establishment transaction is not accepting crypto for paying bills or buying our basic needs and wants in our life.i dont know in other country would accept btc or altcoins as payment,but us here in my own country who belong in the third world,i cannot remember that there's establishment,restaurant,shopping store accepting  bitcoins as payments,so for me its necessary to change crypto into fiat to sustain your financial needs.but maybe soon things would  changes if bitcoin become legalize.

Whether we like it or not, but the fact is that still the paper currency has got all of his power and that too in its fullest. The reason is that from your income, you have to pay the bills, rents and for other grocery items at the end of the month. So with bitcoin, you cannot get half of these things, even if you are living in any part of the world. But this thing will be applicable in the future when the governments will legalize the crypto currency.

I think its needed. Because we need to have a reference currency which will not move or that has a stable price for us to exchange our altcoin into that reference coin and that reference coin will be used as a tool to withdraw your earnings jn cryptoworld. Because banks now a days check if the transaction of a person is related to bitcoin or else. They dont want to be involve to this bitcoin because it is very dangerous and they didnt grt any profit out of this. I guess its the only way to have a legalize transaction in cryptoworld. Ofcourse banks want to ahow security unlike bitcoin its very shaky

In my country yes , you cant purchase goods here using crypto . Not yet . So converting it to Fiat money is really necessary to make use of our investments :)

Turning crypto into fiat is necessary for every one. it is hard to use your bitcoin directly to buy staffs and bills.

i use third way to pay bills and goods like cards

It is you who has to decide this thing that whether it is necessary to go for converting your crypto coins into paper money or not. If you don’t have any kind of emergency and that there is no urgent need of having money, then there is no need of converting your crypto coin into paper money. Holding can help you having more profit as the market value of bitcoin is increasing considerably.

Actually this thing would really be on case to case basis for sure because not all people do have the same capability on making money or income to their selves which would end up on having different decisions in life when it comes on money allocation depending on their needs.If we do comes to a point on where we don't have sufficient local fiat then we do have bitcoin in our wallet then we don't have any choice but to convert those. It might not be worth to waste for conversions but we don't have any choice.

The value of crypto in the future is linked to adoption and value. One of the best ways of creating value for the average user is allowing direct payments with these.

I realize that if someone needs fiat then he should convert some of his bitcoin into fiat otherwise it is not necessary because fiat is just a currency and you can use it easily for day to day necessities, while bitcoin is not only a currency but it is also a very profitable business.

You can earn a huge amount of money which you cannot do with fiat. I think that bitcoin is better than fiat therefore for me I will never convert my bitcoin into fiat currency.

Agreed! In the present world, you do need to have both forms of money that is paper money as well as crypto currency. If you have invested your money into crypto currency, then you should go for saving those crypto coins for little longer time. However, if you are really in a need of money and you are left with no other option that that of converting your coin into fiat, only then avail this option. Else, hold your coins.

I think it is not necessary and it is also not good because fiat is not convertible and bitcoin is like a real currency. You can use it for your daily needs. You can transfer it in any other currency digital or paper currency and the most valuable thing is that bitcoin is highly profitable cryptocurrency. If you change it or use it, you will wind up your so profitable business. In my eyes changing bitcoin in fiat is not necessary anymore.

At present, the usage of crypto especially bitcoin is not that much common in the real world. We do need to convert our crypto coins into paper money in order to have all the things which we want to have in our lives. In addition to this, there are only few places which are giving this opportunity of paying with crypto coins, else you have to pay in the form of paper money and for that you need to convert it back into regular money.

Indeed, the fact of the matter is that we still need to convert bitcoins into fiat to be able to make use of the profits we have gained in crypto. The process is usually gruesome as it involves a lot of middlemen and a lot of unnecessary fees. I do dream of the world that bitcoins and other cryptocurrencies would be accepted by all and you can just carry your phone without ever having a wallet ever on you and be able to pay for anything that is everything. Imagine, going to a grocery buying eggs and milk with just bitcoins on your phone. That would be a glorious day in my opinion. Right now that is still far from reality but maybe it could someday come true.

It is quite needed specially when you want to deal with transactions and have the time for you to have a specific payment modes that do not accept Bitcoin yet. And it is also a way for you to deal with transaction because primarily most of people used Bitcoin or any other cryptocurrency on trading and investment and converting Bitcoin to fist is a such way they could feel the profit they have in time.

I think turning crypto into fiat is necessary but we won't see this will happen in the short time because bitcoin is not yet approved in half of all country and we should wait until they accepting bitcoin. but once they accepting bitcoin, we can start using bitcoin in traditional market but of course, there is need an internet connection to use bitcoin as a payment method.

A good place to conveniently exchange fiat to the cryptocurrency that you need is localbitcoins.com. You can change hem vice versa when needed for trading or for saving.

Yeah you were right. I also agree to your statement and we all know that crypto currencies are more profitable as we are experiencing now. Its values are really amazing that fiat ever did.

When you make large profit from cryptos, you should convert some of its profit back to fiat - just for risk management reasons and to reward yourself

For example: you bought 5 BTC at $1000 each. Now it's $14000/BTC. you already make $65000 profit hypothetically. Convert some BTCs (like 0.5 or 1 BTC or something) back to fiat so you can buy some nice things in real life. The rest you can keep in crypto. That's how I do it

I think this is a good idea. After a period of success in the market, you should also reward yourself, it can be a trip with family and friends to relieve the pressure in this tight financial market. I still do so so that psychology is always comfortable when investing in a new project.

it is not necessary but turning bitcoin into other forum is better than trading using bitcoin only or just hold your btc.
Turning crypto into fiat not really needed if them prices was good and stable
people trun crypto to stable coin instead of fiat so they dont need to pay tax.
with more time bitcoin will use one coin is bitcoin

I don’t know why some people makes boring comments, like seriously  how can you say that fiat is not convertible, while there are millions of people converting from Bitcoin to fiat everyday? It’s people like you that can mislead someone… I don’t know why someone would be thinking it is not necessary to convert their bitcoin to real currency.. and who told you that Bitcoin is a real currency? You know what? you should go and learn to talk as normal people do.

Keeping the money in the form of fiat currency you will not have chance to earn any income from it and you will only lose the money but if you keep the wealth in the form of Bitcoin you are sure to have a high return value than you hold. Holding bitcoin is just like investing in it as the price of bitcoin will increase in coming years you can get a 2X or 3X profit from the holding. It is not necessary now to convert bitcoin in fiat.

At the very present moment, it is not at all possible for the ones who are having bitcoins in their wallets to buy different sort of things by paying the bill in form of bitcoin. The usage of bitcoin is not that much common so far and in order to meet our daily expenditures and buy different sort of things, we do need to go for converting our bitcoins and other crypto coins into paper money first.

Converting of bitcoin into paper money is no doubt important but only in the case when we need to have paper money or we have shortage of money. The thing is we should keep on trying not to convert our crypto coins into paper money especially at the time when there is no such need of that as the market rice of crypto coins is going up and up with every passing moment. Go for it only when there is no other option left.

Depending on the timing and judgment of your market, decide whether to switch from bitcoin to fiat and vice versa. One of the most important investors is to make a profit from your investment, which is the decision you make because it's your asset, all advice is for reference only. Please consider carefully before deciding whether to sell or hold.

It is. I would not want to pay $20 or more just for the fees included on the things that I want to buy. I still need to have fiat to avoid that ridiculous fees. I think that turning it into fiat won't be necessary if only btc fixed these fees and transaction time.

It only happen when the crypto currency should be recognized in some establishment just like what happen to Japan but for the rest of the country of the world specially those country which government who are againts crypto currency.

Turning crypto into fiat is necessary is still now because people use traditional currency  to fullfill for his daily needs everyday.being a ordinary people who wants to survive in  this crucial worlds,mostly we change our bitcoin or altcoins asset into fiat money to sustain our daily needs and wants in life,because digital currency is limited in inuse as a payment  of all transaction and mostly merchandizer,department store etc.would not recognize bitcoin as a payment transaction,thats why we need fiat to pay this all our debts or all our billing transaction.

Until the Visa cancelled all Bitcoin debit cards in Europe these days I had no need at all to convert Bitcoin to fiat. I had my coins on the card and could pay with them whatever I want.
Now the situation has changed and it's not so easy the best way to convert Bitcoin to fiat on the most economic way.
I think that this should be the point of Bitcoin that you could easily use it for anything without converting it to fiat.

Ofcourse if you just keep the fiat money without even thinking that you can somehow earn profit from it, you'll end up lossing it. I mean if youre really into making profits I assume first thing comes to your mind is open up business in the real world. Either Im not saying  that holding your Bitcoin forever isnt profitable, but lets just be realistic here. We can never ever replace fiat currency and the traditional banking system, because it is the most easiest way to access offline and online businesses and merchants, and right now we are dealing with Bitcoins slow transactions and high fees issue. Now, how can you say that converting Bitcoin into fiat isnt necessary anymore? Are you sure that all your necessities can be bought with Bitcoin, coz in my country I cant, although there are few who accepts.

Until we can make large purchases such as any cars or houses with crypto, we'll need to convert to fiat for the time being.

I know that in some regions, making those purchases in BTC is feasible but that's not the case in most places yet.

It doesn't look like we are now closer to what you hope for than we were 2 or 3 years ago. Steam has abandoned their support for Bitcoin, Microsoft is rumored to follow their lead soon. I've recently seen a chart posted here which shows that Bitcoin adoption by the corporate sector is actually declining over the last couple of years.

If anything, this doesn't look very promising.

A good strategy is to withdraw your original investment that way if something happens you are not going to lose your investment and from that point on everything you get is going to be profits, that seems like a good option to me you basically get a chance to make money for free.

There are quite a few services and some major corporations around the world have accepted bitcoin in the deal. Some corporations also research and develop their own coin. Now that the market is recovering after a few days of declines, it is now a good time to buy more potential coin to prepare for the bull run in the next few days.

That ain't about the central vs decentralized but is actually about the fact of which the first is more convenient, if I get to convert my crypto foreign currencies into fiat directly with a good payment and done easily I would but what is more convenient for me? the most reliable and simplest method for now is to first convert them into Bitcoin and then into local currency not since there are no purchasers or companies accepting them but because the least difficult way is to just forget about finding the right people to use the cash directly without needing to exchange to fiat at all, thankfully Bitcoin is heading the right way where we always desired it, having the potential to only make use of it as the mainstream currency.

That time will eventually arrive but as of now, converting bitcoin into fiat is still use by majority of the crypto holders when they are going to encash their profits. The so-called cashless society when cash is no longer use will not be materialize until all required technologies are in place and the bitcoin adoption into the mainstreams is complete.

Yes it is. You dont put all tour treasure in one basket you have to split it.  Turning your crypto currencies into fiat gives you the opportunity to purchases some other offline real assets

It is necessary to convert bitcoin coin to fiat because not much marketplace accept it.  It is easy and simple to convert bitcoin to fiat using services like Localbitcoin, paxful,  coinbase, etc. With time, the need to convert bitcoin to fiat would reduce but cannot be eliminated.

Fiat us more stable and less likely to fluctuate.
I keep a certain % of my profit in crypto, while converting to fiat.

there are many ways that we can use to convert bitcoin to fiat and I think we can choose one or two from the sites that you are suggested to withdraw the bitcoin. it is more simple if you can find your friend that will help you to withdraw your bitcoin to him so you don't have to visit any websites and filled any documents to start withdrawing. I think we still need to convert bitcoin to fiat because we need to have money in our real life to buy something or to fill our daily need with that money.

I'd say this depends on the preferences.
Just collecting bitcoins in the wallet and not using it for anything doesn't make much sense either because bitcoin could be very practicaly applied. With bitcoin debit cards this became much more easier because you can load it with bitcoins and spend them as a fiat currency or take cash at the ATM so there is maybe no need anymore for some classic ways of exchanging.

In my case yes it is still necessary to turn crypto money to fiat money since no merchant in my place that accept bitcoin. Fiat here is the main way of payment.

To turn crypto into fait is more important at this point in time and even other time. The ctypto world has just started develop and more people get to know more about the cryptosystem and  how its work. Also, some people don't believe that crypto will be universally accepted and to trade daily will this kind of people we need fait. However, I believe that if Telcoin that want to sign mobile money business with telecommunication telecommunication telecommunication is successful then crypto will be more better and changing to fait will be more less than the present stage in the cryptosystem. I believe that is will be a time then fait will be more Paramount.

If you live in a country like Japan you no longer need to convert your bitcoin to fiat anymore since you will find enough people accepting bitcoin as a form of payment but if you live in a third world country it is very likely you will still need to convert your bitcoin for the foreseeable future, but eventually this will change and we will be able to use directly our bitcoin without having to convert it to fiat.

Yes, of course, we are all very happy to save and use crypto as an investment asset or transaction tool. Lots of advantages we can get from crypto. In addition to crypto gives a huge advantage, crypto is also easy to use anywhere and anytime. This is what makes most people always want to use crypto in their daily life.

I'm of the belief that whatever you own in crypto is not truly yours until you convert it to fiat.
So, yes. It is necessary when pulling out profits.

we should both crypto and fiat both in equal percentage 50 percent in crypto and 50 percent of fiat then we make profit in both the market conditions

I'm sure until whenever crypto will not be a fiat money. Crypto will remain a cryptocurrency and will never be able to crypto change. But even so, I'm sure having a cryptocurrency is far more profitable than fiat currency.

For now but for the next couple of years, fiat would be big no. Crypto would go from here and there and you can only choose different altcoin and not different fiat currency for paying! ;D

In my opinion turning your crypto coins into cash us the only way of making locking your profits, dye the fluctuations in the market, the value of your assets are changing regularly. Now this gives prospects if more profits, but also possibility of losses.
It also depends on your strategy and personal needs at that time.

Indeed, it's depend on the situation you have, just convert your bitcoin into fiat if it is necessary. I know cryto is fluctuative but this what makes it good because being volatile means more profit. In my country we have wallet that you can convert you bitcoin into national currency hence, it is not problem for me to convert and use like how fiat being used.

Converting to fiat is the only way of getting profit.
Due to the volatile nature of cryptos, nothing is fixed.
When to pull out depends on what am holding and the market situation.

Right. I think so.
Depending on the different countries, if they are applied to the country for the purpose of exchanging the purchase is very good.
It is hoped that in the future it will be recognized in almost every country to help the human community facilitate the transaction.
Global economic exchanges.

It is still necessary since we most merchants do not at the moment accept cryptocurrency as a means of payment.That will change in the future anyway.

 I think as an user mentioned till date what we have got in terms of payment opportunities with bitcoin is very low. This might increase with time as more marketplace has started accepting bitcoin through intermediary service who get in terms of bitcoin and provide the vendor in terms of fiat.

I have thought about the same problem, but when I saw some financial products regulated by the state, I think that the cryptocurrency can not be legalized, because the return rate of our investors will become very low, you can observe the stock!

For now, it is necessary that turning crypto into fiat or vice versa. Fiat turning into crypto needs for like investing into project development through ICOs while cryptos t7rn8ng into fiat needs for mode of payments in goods and services.

I am a supporter of the opinion that Fiat should not disappear (at least the next 20-30 years), we are young to us ,it is easy to adapt, but naked mothers, grandmothers...Imagine your mother comes to the market and she told you 0.01 bitcoin.This is bullshit..

fiat doesn't have disappeared but the crypto can have the possibility to be accepted in all country and works together with fiat so we can have two type currency. besides that, I think for turning crypto into fiat still necessary for us especially if we still use fiat to buy something and we really need to convert our crypto coin into fiat. but if in the future, there is any store that can accept crypto as their payment then maybe we don't have to use fiat.

Yeah we'll still need to transact back to fiat, that's for sure. Not everything that requires money in life can be paid with bitcoin. Have you tried asking your landlord if he accepts bitcoin? Or your electrical provider?

From what I have seen so far, the cheapest ways are the ones that are closer to regulation (and therefore closer to reporting taxes if that is a problem for you). Bitstamp charges next to nothing for bank transfers within the EU and 0.09% for other transfers. But this transfer would be noticed by your bank, and you'd definitely have to pay taxes on it.

The ones that are more under the table are of course more expensive. There are a few bitcoin branches around that have been charging rates as high as 10%! Localbitcoins can get you closer to 5% on cash transactions, but you have to find a reliable person.

How much I heard that the Master card agrees to the use of their cards in the field of cryptocurrency. I saw the news about this on July 17, 2018. So I think, in a short time with the withdrawal of the amount of cryptocoins to Fiat money, no problems.

It is necessary in order to cashout or withdraw your money from the cryptocurrency you will need to convert it into fiat currency and as of today there are just few stores and people that are accepting bitcoins or any types of cryptocurrency in their stores.

In the next 10 years I think it is possible that cryptocurrency will completely replace the currency fiat in some developed countries such as Japan, China, Russia ... that are pioneers applying blockchain technology and cryptocurrency in the living. I believe that replacing the currency fiat in the future is predictable.

Yes you are right, since crypto or Bitcoin did not yet penetrate some local department store, pharmacies, hospitals and transportation people still.need to exchange crypto into fiat to pah, lets hope someday we don't need to exchange crypto to fiat

I don't find anything that stronger to replace fiat with cryptocurrency. As days pass the importance of cryptocurrency is getting spread around with more and more people beginning to use it. Same causes the accessibility of bitcoin similar to traditional fiat on services and marketplace. This won't lead to replacement.

Although it is the future of crypto currencies that a time will come when crypto currencies will completely replace fiat currency, but I think that still it is not possible so early, it will take a lot of time may be decades when people will completely stop using fiat currency and will start using bitcoin for everything.

In normal days, when there is no such need of paper money, it is better not to convert your crypto coins into paper money and that you should keep on holding your coins so that you can have more profit. At time when you feel like you need paper money, only then go for selling your coins but you have to be sure that you are only selling at time when the market is high.

Seems like your country dumped their currency to start making use of cryptocurrencies, lol. Dude, this is the dumbest question I’ve ever seen today😒 how can you be asking whether it’s necessary for you to exchange your Bitcoin to fiat, if you don’t change it to fiat tell me how you’re going to make use of Bitcoin in solving some of your daily needs? You can change some of your Bitcoin if you don’t want to change all, and then leave the rest in your wallet for it grow.

Why turn bitcoin into fiat.  He was not created for this, to eventually return to the same thing that exists.

At some point, there's the need for some stability. And fiat offers that, as opposed to the volatility of cryptos.
You can lock your profits up from time to time, as nothing is certain in this sphere.

Me I have exchanges my crypto into fiat for the reason that I need some money for my family's daily need and I will used some of it for buying some altcoins for my trading I'm planning to do trading. I am just fixing my schedules so that if I have my whole time I will used it for the day trading. I'm also finding some exchanges that uses small amount of fee so it will not get big fee because I'm just starting with small amount so that if I lose I will not lose my money and I still have money for my daily needs and for my next trading. I know that it is also risky for the newbies to do the trading. That is why I am not risking all my money that I have I know that I will commit a mistake.

Turning crypto in fiat is always do when you are about to withdraw or cashout your money from the banks because almost all of them are still not accepting cryptocurrency so that's why you need to use wallets and not directly to banks. It is necessary because we cannot use the crypto in anything that we want to buy it will need a fiat.

I am in very much favour of holding of the crypto currencies and that I don’t think so that converting your bitcoins into paper money will hardly bring anything good for you. It is better not to convert your bitcoins into paper money until and unless there is some desperate need of paper money and at that time, you need to be sure that the market value of bitcoin is significantly higher.

Most cryptocurrencies do not require such a process because they do not have any practical value! I think only bitcoin needs to be legal, because it can make it develop better!

I believe that is necessary because you can’t do without fiat. Your country’s currency is very important cause you can’t do without it, you can’t buy anything if you don’t have fiat with you. You can’t just go into the market and be asking people to sell to you with Bitcoin lol, nobody is doing that, you can only find Bitcoin being accepted online (although I know that in very few countries that there are a little number of people that might do that.

But what I know is this– you must always change your cryptocurrencies to fiat before making use of them. If not, then ask yourself why you always get worried when the price of Bitcoin drops. Lol, that’s because you know that your main reason for using BTC is to make profit and withdraw to fiat.

It is necessary when you want to pull out and lock your profits. The volatility in cryptocurrency makes it unsuitable as a 'store of funds'.
I pull out a percentage of my profits, and continue reading with the available capital.

If the cryptocurrency can be legalized, then it may have obvious advantages and disadvantages. First, it may develop faster and better because it is supported by the government, but its return on investment will be reduced. You can refer to stocks or futures!

When the crypto and Fiat will stand together .For us there is no difference than paying someone to be the Fiat and who is the crypto (it's now cash or Bank card ) Forward revolution of the 21st century ,and we are members!

When electronic money is transformed into a replacement for cash or bank cards for payment of utility services, we have a successful start of encryption technology .

The important thing to do is to secure your initial investment so that you can continue investing in the next time you will not be able to continue with the cryptocurrency market if you do not have the money. I think financial investment is a game for those who have enough knowledge and understanding of the crowd.

It is harder to make Bitcoin cash than thought, because the value of Bitcoin is too large and when converted to cash it will be worthless, if there is a Bitcoin coin we will be able to use.

Yes it's necessary because not most countries know about crypto currency or accept it as payment for goods and services like for instance in third world countries that's why it's necessary for crypto to be converted back to fiat to use it but if maybe if digital currency becomes mainstream globally then it would become a game changer and there's no need for conversion anymore.

yes you are right for now to convert cryptocurrency to fiat is not very important anymore because for now there will be more platforms that can receive cryptocurrency payments so that it can facilitate buyers who want to make cryptocurrency payments.

converting crypto to fiat is still verry important because if you do not convert your crypto , there is a chance that the value of your cryptos will reduce due to the effects of volatility . not unless you did not really care about that but for most people like me , i will still prefer to convert my cryptos to fiats  more oftenly as soon as i already get my profit .  im also aware that there are now lots of platforms and merchants that are now accepting cryptocurrency in exchange for their goods and services which is also good to hear .

I think it still important for me to convert crypto to fiat because I still need fiat to buy something and for another thing. but I use crypto for investment and so far, I can have my crypto in my wallet and I can convert my coin to fiat in the same time. maybe in your country, you don't have to convert crypto to fiat because there are third-party services that can help you when you want to buy something with your coins. but in here, I don't think that there are any services that can help me because my government still not giving any statement about the crypto.

I believe that most investors only care about the return on investment, they do not care whether the cryptocurrency can become a statutory coin! Conversely, if the cryptocurrency is legalized, its interest rate may be reduced!

Cryptocurrencies and especialy Bitcoin in many countries have become more equal to fiat money then they were before but still they are not accepted enough. You just can't buy any goods or services that you want with crypto.
Some solution for that are Bitcoin debit cards that enable you to make payments not thinking if merchants are excepting direct crypto payments or not.
With better Bitcoin regulations some problems regarding payments might get better so I hope we will get more opportunities soon.

To do this depends on the country where they accept electronic money. Then check which units they have used to make electronic payments. Electronic cash replacement is not currently available. In fact, few use these transactions. And the future does not dare to assert it, but I hope it comes true.

I don’t think that it is the right thing to do and you cannot really depend on them.

Cryptocurrencies are still relatively new financial assets. And it has no stability right now.
In order to pull and lock your profits, you have to convert it to fiat.
The volatility in crypto makes it unfavorable as a store of value.

Because it is the most easiest way to access offline and online businesses and merchants, and right now we are dealing with Bitcoins slow transactions and high fees issue. Now, how can you say that converting Bitcoin into fiat isnt necessary anymore? Are you sure that all your necessities can be bought with Bitcoin, coz in my country I cant, although there are few who accepts.

Yeah but MasterCard is going to do something shady about it, I guarantee it. They'll probably turn it into some kind of banker's tool for borrowing money or something like that.


That's why the USD is still being widely used. There's no really connection between these other currencies and crypto so most prefer to transact in USD or EUR. This is also the purpose of USDT, but I've heard that this tether has been manipulated in price at certain key moments

It is totally your will and you can do it, if you wish to do it.

Regarding acceptance, basically I think that there is still a chance that crypto can be more accepted in various countries, but maybe it's gradually from one country to another, and all indeed require a process from a variety of specific considerations from the governments of each country.
At this time about converting it to fiat or not.. it clear depends on each of them related to the country where they live, whether it was legalized or not yet about its role.

It is not really necessary, but if you want to do that then you can surely do that.

It is not about the centralisation or decentralisation, it is more than that.

The local bitcoins forms are too much and most of them are scammers.

The volatility in cryptocurrency makes it unsuitable as a store of value. It is necessary most times to convert to fiat and lock your profits.

I just keep asking why? and I'm not getting the answer yet. There are possibilities Bitcoin might loose it values if turend into FIAT. So, the fact that Bitcoin is a digital currency makes it worth its present price. It just like any Natural resouces, the more people get hold of it the lesser its value becomes, but the tougher it becomes to get the coin the more value it accrues to it self. And the best way the fluidity of Bitcoin can be controlled after the quartely burning, is by maintaining its value as an online asset.

Eventually this is not going to be necessary anymore, right now we need to convert our crypto to fiat first because not many are accepting bitcoin directly, but in the future once cryptocurrencies become more common we will use them for everything, I cannot wait for that day to come because even if I have used my bitcoin to buy some stuff online I still have yet to use it to buy some stuff offline.

that might be very needed when there is a lot of bad news and when the cryptocurreny price falls, many will change it in fiat to secure the assets they have.

It depends on you because if you really in need of money, then converting your crypto into fiat is one of the best solution anyone can do. So whenever time comes when i am needing money and i got nowhere to go to solve it, then crypto is really there for me that is why i consider crypto as my hero.

If we want to make a substantial profit from Bitcoin, then it can't be defined as a legitimate coin, because legal coins don't have much "price difference"! And the legal coins will be controlled!

I think for me personally I might choose not to do that because if I do that maybe I won't be able to have bitcoin again and have to buy bitcoin again when the price is expensive. but if you want to make a withdrawal maybe you can exchange it to be able to have fiat / usd so that you can make a withdrawal to your wallet.

That will be the beadiest time in history of bitcoin because since now it has never been that bad I am sure that day will never come, hopefully soon bitcoin is getting high and famous people are using bitcoin more than fiat now, many markets are now accepting bitcoin as legal currency now more time to change your money into fiat just have patience and use bitcoin as source to pay for all kind of goods.

No, you can directly trade using the Cryptos. You can even purchase products of daily use with your cryptocurrencies. But if you still need to convert the cryptos to Fiat currency then you can try out Alluma, which offers the best rates of conversion. Download the Alluma Mobile App http://bit.ly/AllumaAppDownload4 . You can Sign In to the competition https://hubs.ly/H0dzx1K0 and make huge profits.

I don't think it is necessary to make such a change, because most traders participate in the market because of the freedom of the market. If the cryptocurrency is legal, it may lose its decentralization mechanism!

t depends on where you are i guess because not all country is widely bitcoin accepted and you still need to convert into fiat for you to buy goods you needed and for the goods that you wanted but the idea of this crypto currency is very brilliant because it will saves you time from withdrawing from the ATM whereas in bitcoin you can pay directly via QR code or manual sending a very convenient way that saves time and transaction fees, one thing this new medium of exchange is so broad that we can invest from in due to its fast capital appreciation. .

This is a pretty good project but I still do not believe it due to the low number of users so if there is evidence of great profit as you said then you are here to let everyone comment. Look forward to your contributions.

I believe in this project and I want to use the profits from trade in everyday use. I don't earn millions, but in my country I can't use bitcoins or other crypto yet. So this card is a solution for me and I am waiting to receive it. If someone here is interested in this card also, I can refer him. I have referral codes for 5 friends. Referred person gets 20$. Please PM me if you are interested so we can both win. Only for serious users that intent to use the card or the app for trade.

For everyday use, like in stores or similar, it's still necessary to exchange Bitcoin into fiat because not so many merchants and places are accepting Bitcoin.
But I avoid to exchange Bitcoin on exchanges or to sell it for fiat, I prefere to use Bitcoin debit card. That is much easier and convenient and you lose less on exchange rate. Also cards are accepted everywhere so I don't have to worry whether I will be able to pay directly with Bitcoin or not.
I think that in majority of countries users still need to exchange Bitcoin for fiat to be able to use it.

I believe so that time will come when fiat will no longer be necessary; thus, we will no longer need to exchange crypto for fiat. This will happen when crypto  replaces fiat as the main medium to conduct commerce. But the exact time or season when it will happpen, it's difficult to predict. Should everyone knows, the price will spike since every hodlers will strongly hold; no one will dare sell. Until the situation changes, we will need to exchange crypto for fiat to purchase our daily stuff.

That is still very possible because bitcoin is still dominant despite its market price fluctuation. But as of this moment, bitcoin's market value is not worthy of converting it into fiat. It's better to hold it for now and let your patience work for it until it's enough time to turn your crypto into fiat.

It's possible... But spending Crypto right now is still pretty hard.
There is a need for more merchants that can accept crypto.
Honestly though, I think some smart person can decide to create stores to meet the demands of  the crypto community.

The volatility of crypto makes it hard to store wealth currently, as more and more solutions come out from the space into main stream, we will slowly start to see more price stability.
For example, it would be normal for people to spend crypto directly at point of sales to purchase goods and services using hardware and software powered by blockchain technology.