Bitcoin Forum

This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.

Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.

Bitcoin is not for everyone and for that reason a true mass adoption is under big question.
You can use Bitcoins in your everday life as easy and convenient as any fiat currency but you have to know how to use it and know the mechanisms that could make this easier, like Bitcoin debit cards. Knowledge and informations are very important for every Bitcoin user.

Bitcoin has a fluctuating value, it will grow up and sometime it will crush your money.

So you think that someone could just create a currency and make the world use it in a few years? It doesn't work that way and It takes time. Instead of having the community learning more about bitcoin and doing tests in projects like LN etc. all they do is complaining about fees and comparing bitcoin to something it.

When you're patient enough BTC will never crash your money. You should study the markets and know when to enter the markets and when not to enter the markets. Window of opportunity is key in the BTC business.

Well, using bitcoin or FIAT money is all a matter of choice and preference. If you found yourself in a scenario where using Bitcoin or any other cryptocurrency is unavoidable, you will not even remember that the transaction fees are high before making payments.

you went too far in my opinion.
the only characteristic that is missing from bitcoin, and only for a month or two! is low fees. there are lots of other characteristics such as being decentralized which are still intact. so saying "I prefer fiat over bitcoin just because fees are high" is going too far.

and we are all aware of the problems. this is a decentralized network we are using so "we" are responsible for how it is going to be like. right now the accepted scaling solution is SegWit and all the things that will come after it but it is not yet adopted. "we" need to force the services to adopt it anyways we can. for example if you are using Coinbase or blockchain.info start sending them emails requesting to add support for SegWit and if they refused we MUST stop using them.

Not into bitcoin but let it be any crypto currency the uniqueness about crypto currency is fluctuating value which we can utilize it for our benefit by cashing in during dump and cashing out after a pump to increase the return on investment and I don't think anyone who is using bitcoin for a long time has suffered huge loss but again it's not for everyone at the moment if you are investing then it should be an investment of time and money so that you are actually aware of market situation to make the right move.

I would also rather have paper money than bitcoin AS a payment. Fiat money system is really hassle free and very flexible in payments and transactions unlike bitcoin. Yes, bitcoin have some its good traits like being untracable but it's fees are too high

Fiat is our easiest form of currency it has been in place for a long time and there is nothing difficult about using it. Bitcoin on the other hand does have a learning curve for new people to understand with keys and understanding of it price volatilities. Transaction fees are an issue that can be resolved.

In terms of transactions, fiat money is really the better choice. It is really nice that bitcoin transactions are untracable and the users are being anonymous but its transaction fees are really expensive. And also fiat money is really flexible in almost all transactions.

Wait for lighting network and wait for more stores to accept bitcoins, there isn't much more to say, but I know how frustrating is to have bitcoins and not able to use it and spend it for daily needs. I would like to go to store and pay with bitcoins I hope this will be possible one day.

However, the French currency will not appreciate, and I will choose to invest in the cryptocurrency when my living expenses are adequate, because I can make more money by investing.

but there is the benefits of saving bitcoin rather than fiat. Goverment can't take a tax from cryptocurrencies money cause they can't locate it

It all depends on your needs, if you prefer the fiat and is enough to meet your needs, then no problem. However, you missed the opportunity to get a lot of benefits from cryptocurrency, either with investment, trading, etc.
If what you are concerned about is a large transaction fee, then I can only explain that the bitcoin and other cryptocurrencies are not suitable for micro-payment. Look at other more profitable functions, cryptocurrency is not just for payment.

It is more convenient to have paper money because it is legally accepted then bitcoin must be cash out first.

Of course u would rather have paper money it's much safer
But bitcoin it riskier and what is riskier will let u make more money

Bitcoin is for risk takers. I do understand your side where you would rather use fiat than Bitcoin due to the enormous fees asked for its transaction when fiat requires none to minimal amount. Here in the Philippines, cryptocurrency is a new aspect many are still learning amd for that only a few people owns it and even use it for transaction. It's value is not much of importance compared to fiat as we can only use it over the internet. The fact that fiat is more accessible to everyone and is widely accepted is a big factor against Bitcoin which is why more people would rather use it. One day, people would appreciate the structure of Bitcoin and see its worth. For now it is a good investment but in terms of usage I would have to agree and favor fiat more.

since bitcoin transaction fees too high for some users, i think use fiat is the best choice, except you need transaction and only bitcoin that allowed. and about risk, bitcoin is digital money with high risk, but also at same times you can earn profit for passive income if bitcoin price grows up.

If I had a lot of money today, let’s say $1.000.000, I would prefer to have it in fiat money than in bitcoins. This being said, if I had that amount, I would invest some, between 5% and 25% in bitcoin and maybe some other cryptos.

Nowadays cash is still king.

it is a surprised to everyone because you are saying "have" paper money. but the follow up doesn't make sense to it.

we all rather "have" bitcoin and more of it. at least those of us who understand what bitcoin is. but we all rather "use" fiat at the moment because of the costs of spending bitcoin.
and lets be honest here, how much have you been spending bitcoin last month that fees were low or all the 8 years before it that fees were low?

At the moment is the key phrase. If I wanted to use something as a currency right now, which is what OP seems to want to do, I'd choose fiat in a heartbeat too. We have to admit that Bitcoin is under a crisis right now with the ridiculously high fees. It's barely usable, again, at the moment.

Majority of people here are either in it for investments or the technology though, in which case, the fees aren't a big deal. You don't have to pay a fee to HODL after all. That's unfortunately pretty much all Bitcoin is good for at the moment, at least until we get significant Segwit adoption and the Lightning Network.

Bitcoin is not successful or popular as a currency. It is more popular as an asset or investment. People have confidence and trust on it as a good return giving investment. Digital currencies needs some infrastructure setup. Fiat money is the most flexible, convertible and easiest tool setting a transaction. That is why still today every country has its own physical currency. Fiat currencies centralised nature affecting those who are dealing in currency markets not to those who are using it in day to day transaction. So we rather use paper money than bitcoin currency.

It is true that paying small transaction with BTC is not cost effective currently,especially if you do not use SegWit to reduce fees.But you are looking at this situation from the viewpoint of user who want you use BTC for daily payment,but for me BTC is more then that and I look it as very valuable asset and also as currency for future.Things will become much better with wide application of SegWit and I hope in near future Lightning Network.

In my opinion converting BTC to fiat is not smart move considering potential that BTC will have in the future,but I can understand that there are people who need BTC for everyday needs.It would be ideal in that situation to convert some % to fiat and keep some BTC for the future.

I definitely understand where you're coming from... When the average Bitcoin user tries to make a transaction and suddenly sees that he would have to pay 20 or 30 dollars worth of BTC in fees, it's understandable that they'd rather use fiat.

I don't care too much about these higher fees, I'm already using Segwit addresses, which reduces the amount of fees I have to pay, and I don't mind waiting an hour for confirmations, so I usually add a lower fee anyway.
Even when using 150 satoshis/byte, my transactions get through eventually.

I would still rather have bitcoins because their increases in prices are very unique. And, also I am not a US citizen so the paper money that you are saying is futile for me.

I agree with this one. I rather have a bitcoin than US dollar because of its capability of making profits while holding. Moreover, if I have a bitcoin, I can just cash out any time I wanted to (disregard that high fee of transaction). But, when it comes to spending and using an actual currency in the real world, I will prefer fiat because the real world requires something tangible like paper bills.

Isn't this obvious? Bitcoin cannot replace the fiat system,as fiat doesn't require a fee for transferring money between hands,its the intermediaries that require so. Y'all love crypto for the main reason which is nothing but volatility,all the other features are just present so that people can prove themselves how "loyal" they are to crypto,and how well they "love" them. Reality has always been a bitch to human eyes,and it continues to do so,just wait until someone opens it to you. So knock knock,mister. The argument for the winner between fiat and bitcoin can go on and on,fiat does has the upper hand,no matter what,for the fight will be between billions vs a few millions.

It's a good idea to hold both.   The major hassle (for me) with fiat, especially USD is that you need to trade it in constantly when they retire the older versions or bills.   This is for when you are storing cash outside of the US (in the US, it's not a big deal because you can use still use 80's and 90's bills with no problems for the most part).   But outside of the US, it gets to the point where even banks will not exchange them for you into other currencies.   I know, it sounds like 'a problem I'd like to have' but it indeed can be a time consuming labor when the amounts involved get higher. 

The most important feature of a currency is that it be a stable store of value. This credo, ably explained by Steve Forbes here (among many places), is vital for a developing country economy to attract the investment it needs. Even in developed countries, as John Tamny explained here on Forbes.com, a stable currency value is the key to investment because those who invest are expecting a stream of future earnings to earn back their investment plus some profit. Instability in currency values mean that an investor cannot accurately predict the value of those future earnings. This uncertainty makes investments less valuable; thus, less investment happens.

Paper money has its own advantage, they do not need a password :).At this point, it is also worth mentioning the threats that result from this technology. We live in an age when we are under surveillance at almost every step. Companies want to know about us as much as possible to be able to sell us as much as possible. Buying anything on the internet we give your data, we set up accounts, we collect dozens and even hundreds of passwords. All these portals, however, have one advantage. In the event that we forget the password to your account on a social network or in a bank, we can always click: "I do not remember the password" and receive a new one. In the case of our wallet, we do not have such a possibility.

We all need Fiat we wouldent be able to live without it and even the crypto community need Fiat as much as they like to deny it. Fiat is what makes crypto worth buying and selling because we all sell it for Fiat.
 Sadly the whole idea of just using Crypto and getting away from a central bank will not happen for a very very long time. I doubt we will see it happen in our life time,  and the way Bitcoin has gone makes it even more unlikly to be used as an every day spending paper money.

 Will bitcoin is a greate currency and great to hold in a years or month.but when it comes in real currency paper money is good.Because not all store accept bitcoin payment but paper money you can anyone and any where store at the world.Hope world will accept bitcoin and accept the fack that bitcoin is great way to be rich

Come on, do you plan on buying candy with bitcoin? That is why fiat is needed because it does not depend on transaction fee and easy to use.
While bitcoin is less effective for micro-payment, bitcoin is more suitable for investment and commodities.

I wonder if these thread is alive for the next 10 years and lets see if you still prefer fiat over BTC or crypto. Second layers are developing and some cryptocurrencies have pretty low fees, it's not just all on BTC itself.


IT is a matter of time and patience, we are slowly entering the digital era of payment and of course fiat might be really convenient in paying foods and transportation fees but still there will come a time where almost everything is cashless. It ain't now but it will come.
And you will say (If still alive on that time) Why people in the past didn't think about this crypto fast?

He's not talking about fiat but paper bills specifically. In that case I'd also prefer to have bills right now, although if I could I'd put at least 30% in cryptocurrency.
Cash is still easier to trade for goods and services than cryptos, but it's also more difficult to hide and move around and much easier to steal.

    Bitcoin is a blessing to our generation and not a curse. i will personally use bicoin now and in the near future that paper
    money because Bitcoin increases in value while paper money does not.

speaking for this moment btc will not even be considered as an everyday currency that you can use because it has so high fees and high volatility as well that makes it not a good currency to use. It is rather for investment right now.

Fiat is easier to use, but that doesn't mean they are better. Cash tie you to a particular place, but bitcoin lives in the world where there is Internet. Cash is constantly getting cheaper and the bitcoin expensive. My opinion is that these currencies complement and not exclude each other. and if we measure in terms of security, profit and usability then Bitcoin is better than cash.

Well it's not surprising, it's easier to buy something in Fiat for now, but when many countries already legalized Bitcoin then you will say Bitcoin is better than Fiat, it's true that for transactions inside the country Fiat is better but for transactions abroad Bitcoin is better, and then Bitcoin also can be use from investment, so I don't blame your point of view,but you will change your mind in the future

Paper money don't have any risk of decreasing in value rather than bitcoin. It's fixed and very reliable also it is regulated by the government so you don't have to worry of  waking up one day and your money will be gone. So far paper money is very liquid and easily use and putting them in a bank account will assure of return as what banking institution promise but crypto currencies is unpredictable and can lose its value anytime

There is truth in this one. I for one is spending fiat currency more than Bitcoin and other cryptocurrencies. There are lesser shops and stores accepting Bitcoin or cryptocurrency payments. Not to mention the high fees that are always coming in each and every transaction. Bitcoin is generally treated as a form of asset or investment right now. I am doing it that way. After all, the growth is really amazing so I guess people prefer it that way. Still, I hope Bitcoin core team will fix the hassles that come along with Bitcoin.

sadly, i can not use  bitcoin many in daily life too because most shops or stores in my city dont have much place accept bitcoin for payments, there are few of bitcoin stores in my city, so bitcoin is very inconvinient in daily life, so i rather exchange my bitcoin into fiat to use rather using bitcoin.

If you would have to choose to receive all your money(from salary, from friends&family, from selling things, from anything) in bitcoin or paper money of course we would all take the second option because you cant do much with bitcoin.

The most majority of people dont hold bitcoin to use it for paying everyday things(food, clothes, debts) . They keep it as an investment to earn profit for it. You dont have to keep bitcoin just to spend it, think that you can make some good profit from trading bitcoin or just keeping it in the wallet and after the price rises you can anytime exchange it for fiat and buy everything you want.

Using bitcoin or FIAT money is a choice. You have to study the market and know when to enter the market and when not to enter the market. Is key in Bitcoin business.

If you stay with the fiat money, you will be devalued. Bitcoin is the best recerva of value that in these times exists better than gold.

Yes we do have a high transaction fee right now but I believe, later on it will be reduced that will have the bitcoin holder. But for now, crypto is still growing so there are still lapses. So, just keep both your paper money and btc for the future.

The truth is that Bitcoin has become a store of value, it is not the currency it is supposed to be - it cannot be used to buy goods, especially now that the feed are totally absurd, tens of dollars for every transaction. Dollars are more spendable in real life :)

For me i'd rather choose bitcoin than paper money,although it have some disadvantages but in the other hand it has an advantage also than paper money.Bitcoins price is volatile that sometime rise that the real money dont have.Real money has its permanent value not like bitcoin.Other thing about paper money is the saftyness of it.Although bitcoin has high fees but the profit it can give is whats important.

There were a people who would rather choose paper money cause they could easily check it when ever you wanted.And you could use paper money with less hassle and definitely you can have it whenever you want it with less worries.

I would prefer to have bitcoin than paper money but because of the prevalent circumstances I have to keep paper currency more than bitcoin for daily uses.  Despite all the advantages of crypto currency i.e. easy holding; fast transactions; international easy payments; anonymity of holding; I have to keep paper money because only minority population knows how to keep; hold; transact; invest in crypto currency bitcoin etc.  But as I have to deal with the people who are in majority but are using paper money I can not deal with them with bitcoin because they will not accept it..  So I have to keep paper money.

I use Bitcoin only as an investment tool and ordinary money is still in the first place. With the help of cash for today I can make all the necessary purchases in my country.

Paper money is still essential for our spending and expenses. I prefer to save and invest in BTC since BTC has potential to grow my savings unlike in fiat. The returns I have in fiat is very very small as compared to BTC.

Its better to have a paper money than bitcoin.First of all bitcoin is not acceptable in all transaction.When you have paper money you can buy without hassle and definitely you can have it whenever you want it with less worries.

I would agree to you that its most important to have fiat rather than bitcoin but in my opinion you can put it to 50% - 50% so you have fiat for emergency and 50% bitcoin for investment

If you think like that I think you need to understand again about cryptocurency because you do not really understand you have a very valuable asset.
Even if you understand the usefulness and benefits of bitcoin you can just buy the food store you buy its food.

In today's situation paper money is essential to our daily lives, yes I will agree to you that it will ease the transaction part because it is hand in hand. But cryptocurrency transactions are being improve, isn't transaction on the internet or other platforms ease your worries in transactions? Bitcoin makes it easy for us.

Bitcoin is unpredictable in price, it would go up high and suddenly go down. But you can own it if you wanted, but for me the best idea that i've been doing right now is, having a fiat currency and a bitcoin investment in my bitcoin wallet. Checking my bitcoin price and spending a fiat money in everyday living from a bitcoin that i've been investing.

Bitcoin, I think crypto currencies in general have become an investment.
Just look at all those ICOs. They are all brought up and advertised in a way that people who buy it now will get more money for the coins later. That is pure investment.
And an investment usually has not that much practical use. Gold for example. No supermarket will accept it. People have to take the detour over fiat more and more often again.

I'm really looking forward to the time when bitcoin can be paid anywhere. But in my city not all shops even accept bank cards. And because of this technical imperfection of our payment systems, I have to use paper money.

Unfortunately, I can not come with bitcoin to the store and buy bread, or pay bitcoin in transport. For this time has not yet come, bitcoin need to settle, to regulate the size of the commission so that daily purchases are profitable.

As of right now, I'd rather be using fiat money for everything I need. Bitcoin is still relatively new, yes a lot of people have heard of it, but how many of them are holding it or know anything about it?
Fees are the problem as of right now but surely there might be developed some separated blockchain for market and faster transactions and smaller fees, that would later on, outside of working hours, be implemented into the original blockchain.

I prefer to use paper money because its use is very easy and flexible. almost all transactions can be used with paper money but if to invest better with bitcoin because bitcoin has a fluctuating price so if used to invest will get better results than banknotes

As with a lot of these threads, it doesn't have to be an either or situation, although what else would we talk about?

I've converted plenty of fiat to bitcoin and bitcoin to fiat and bitcoin to gold, etc. etc.    They are all friends as far as I'm concerned and I care very deeply for all three.  

 :)

I can not use Bitcoin as the usual money here in my country. Shops and restaurants do not accept crypto currency and I have to exchange it for ordinary paper  money. Thats why Bitcoin and fiat have different purpose for me. Bitcoin is an investment and a source of income.

That is actually the reason why there are still more people that is still prefer to used fiat or paper money on their transaction. We could not break the system of fiat because it is much more easy to used in terms of transaction on daily basis where there is a tangible representation on each value you have or the money system. Yet, Bitcoin could be more efficient to used on the future because more people will surely prefer to used an easier and faster way for transaction on other people regardless the distance, location or the reason of transaction.

Bitcoin is like a new girlfriend.  I have to give her attention every single day.    Fiat is like my wife, who needs some attention, but not so much.   Gold is like (well, this is just an example, because I actually bought a house near where my mother lives so I can visit her often) a mother who you can basically just call once a year to say Merry Christmas, because you know that the value isn't changing much and will be pretty much the same.

I love crypto but there a still a ton of problems wit husing it in real life.  The transaction fees first of all can be very high on certain coins.  Then look at how many retailers even accept cryptos? It's not very many even online.  Then you have to worry about the major volatility. With all that I still love the new tech of crypto but it has a long way to go to be improved upon.

There are more credit CARDS in America! It has to do with your lifestyle!

When you tip someone, you can't transfer money using BTC! This is very troublesome for the waiter! It's very convenient for you to use paper money, and other people too.

While we still can not use bitcoin to the fullest, as it is a small house where it can be accepted. Therefore, in the next few years we are forced to use paper money.

As of the moment, paper money is more liquid compared to bitcoin. Banks nowadays have a difficult time distinguishing what bitcoin is and do not see it as a currency. On the other hand, having paper money is being accepted all through out the world. Bitcoin is still on the verge being regulated by some countries. For example, there is this news wherein an airport is converting to be cryptocurrency friendly where they would be accepting Bitcoin and other alts as payment for coffee, tickets etc. Apparently, people go into bitcoin thinking that they would make profits due to the volatility of its value. Having paper money would have a more stable price. Having a physical currency is accepted and more realistic for other individuals compared to bitcoin being a speculation for some people.

It's very simple, bitcoin is now simply impossible to spend on ordinary things - going to a cafe or shop, paying a taxi or utilities. We will be able to use as usual currency not earlier than in 5-7 years. At least this applies to my country.

BTC is pretty liquid.  What if you could have 10% more BTC than paper money?

Bitcoin is not yet sufficiently developed to use it as a currency. If I suddenly decide to live with only bitcoins as payment means, I will be hungry, because I can not buy anything. In my country this is practically not developed, and in my city many did not even hear about bitcoin.

Well, we have different reasons why need fiat money rather than bitcoin or vice versa. Some people who dont have enough knowledge about bitcoin or those who really need a decent amount of money prefer having fiat money. But those people who wants to invest money for their future life prefer having bitcoin because its their way on how to gain a huge amount of profit to be use for their future life.

I do not want to spend crypto currency, which is growing very well in price and increasing my capital. I will spend it only in case of emergency. And there is nowhere to spend the crypto currency.

I live in a very small town, you can say - the village, and I simply do not have the opportunity here to use bitcoin. I use it for international transfers or for payment of some services, but in real life I have to use paper money, I want it or not.

In terms of our country, bitcoin is not that popular and commonly used the reason a lot of stores or merchants do not really accepts bitcoin so there is nowhere to spend some of my saved bitcoins which I think can give me a positive effect because I can save them instead of spending them. Still, in times like this, I can say that I will pick paper money than bitcoin if we are talking the acceptance in our place.

Bitcoin has seen a lot of action during the past few months. There has been huge volatility in the price, and there are many people that are investing in it without knowing what it really is. I think in the begging, it was people who were idealistic and investing in it long term. But then it became about people who are just putting money on it simply for the fact the price has been rising.
I think what really makes paper money safer than Bitcoin is the fact that governments can ban it (to a great extent). (The price was going to continue rising, but I think that announcements from governments about possible regulations are the reason why prices aren't rising like that anymore.)
That's probably the reason why fiat money would be preferred by many over Bitcoin.

bitcoin is online system of money i will captured by the bitcoin other level of money i would rather paper money bitcoin of private key level of business.the paper money paid amount of physical document of wallet system.the paper key bitcoin of written used to multiple wallet

I guess Lightning Network could bring a good solution soon, Lightning Fast Transaction Speed and Minimal Fees. Also, World Domination of Bitcoin is still a couple of decades away, but it will happen, everybody will be using Bitcoin/crypto then :)

For many reason and the most important one is all countries recognize paper money not like bitcoin
This is the currencybof the future it just needs time to adjust

Yes we do have different preferences and different reason to have such a particular currency. I think the reason why you prefer paper money is that you want a fix value to keep for yourself and you do not give a damn on moving price assets like bitcoin. I think it is the time for you to study the blockchain technology to change your way of thinking towards this topic.

As the matter of fact also felt that way I prefer fiat at our current state but that is the trick because in our current state fiat money is still a necessity we are not yet a cashless society we are just on the way there but I know that someday people like us will have a change of heart towards fiat and we will switch into digital currency because in the near future digital currencies will overthrow fiat thus creating at opening for cashless society. It is true that you will be paying a tax just to use the money in your online wallet(e.g. MEW) but you will earn more here in bitcoin than in real life.

You are right, some of us preferred paper money because of the fix amount of it. But in bitcoin there is a potential to have a high profit compared to fixed amount of paper money, it just need to study more about bitcoin.

Bitcoin is not accepted everywhere so I am not surprised that you don't won't to use it instead of USD. However, it is a matter of time before Bitcoin will be widely accepted. Transactions fees have gone down a little but we are still far from replacing credit card and fiat with Bitcoin. I will switch to cryptocurrencies right after they become acceptable in the vast majority of shops. I have already put all my life savings into cryptocurrencies because I believe that they can't be stopped.

Not only you but everyone who are using bitcoin are in this field are facing and thinking like you but they are not ready to leave bitcoin at any condition because here we should make ourself to avoid from any type of the non reasonable transaction .
Now it is a time for us to do work perfectly to avoid himself from the fee system that is high .
Make less no. Of Transaction as much as possible secondly use bech segwit address instead to use direct btc wallet adress started from 3 .
And also here we should have positive thinking that is segwit 2x will result into fee to more than half and that will result into low of fee in bigger .

Why do you choose between virtual and fiat money? Both should be used for the better and faster profit.  I will never refuse from my paper dollars and Euros, but it does not mean that I will give up BTC.

I agree that it is hard to live without using paper money, but it will change one day...

It I do not know. I so understand this business Yana. But if it will be better, then it will be very good!

I think bitcoin can be regarded as a conceptual currency, as a conceptual currency bitcoin can be seen as the same as the RMB and the credit currency. If the credit currency is a banknote, that bitcoin is a currency symbol similar to a banknote.

This is very true. Although bitcoin is a good investment, having actual currency to pay for immediate bills and financial matters should be a top priority. It is still difficult to use bitcoin for immediate use. Invest in bitcoin but always make sure you have sufficient money for daily living.

Here we go again with high fees. Your only argument against Bitcoin is high fees. As the Bitcoin price goes lower the fees goes lower as well. So everything is about ratio and proportion.

Yes. This is actually right. People here will actually say that bitcoin is the best and it might replace fiat but in reality they use fiat money more than bitcoin. It is because bitcoin is not yet accepted by the majority. That's why bitcoin lovers tend to blend in the society so they could fit in and survive. But the thing is, we shouldn't compare bitcoin to fiat because they have their own functions and roles, in my opinion.

At heart, people still love fiat, and I do too.   When you see btc lose 130 Billion in value, it's not because people are moving out of btc into other coins, they are moving/converting their coins back into Dollars, Euros, Yen, Yuan, etc. etc.   People still set goals to be worth 1,, or 10,, or 100,,, dollars.   We don't set goals saying, I want to be worth 500 or 1000 btc.

And I would strongly advise that you exchanged majority of it into gold and yes, keep some smaller fraction in crypto as you suggest. Fiat money has been known to disappear in a matter of single days - it will become invalidated the moment it is broadcasted by the government. Gold, on the other hand, has persevered millennia.

Today the market for crptocurrencies is much more volatile. You can probably still make money by buying low and selling high. But remember were not dealing with a stock market type of behavior where there are minor changes happening from time to time.

Bitcoin has reached great heights of success but still I would prefer fiat currency or paper currency over bitcoin because firstly, paper currency is way more popular than bitcoin and paper currency also has way more users than bitcoin has. Then more people trust paper currency than people trust bitcoin. Paper currency is also regulated by government because of which it is stable whereas bitcoin is not regulated by any government or bank because of which bitcoin is not stable.

I would rather have a paper money because you can use anywhere even in small stores unlike crypto money you can't use it without internet I'm not saying that i don't want crypto money i want them both

Bitcoin isn't for everyone, and many people don't know what bitcoin is.

The French currency will not appreciate, and when I have enough money, I will choose to invest in cryptocurrency.

Same goes for me. To be honest, if I have a lot of fiat money now, I would bettet invest it in stocks rather than bitcoins AT THE MOMENT. I'm reconsidering how much bitcoin's transaction fees and transfer rates today are. If they were cheap and fast, then I'm bitcoins all the way.

The reason why bitcoins is better that fiat is that, cryptocurrency is growing in the market while fiat needs to be placed on the bank in order for it to grow and that is the reason why banks are losing their profit, its because there are more people who are interested on investing in bitcoins.

Paper money is the easiest way to use and expend all over the world. While bitcoin is infrequent to use you need to convert first to cash.

For the purposes of day-to-day transactions, fiat money is much better than bitcoin. In my opinion, bitcoin is better for investment, not for everyday transactions.

Yes for now bitcoin is better for investing rather than using as a currency because in future the price of bitcoin will get too expensive so at that time we can use our bitcoins until that keep holding.

Most people who invest in the Bitcoin market are looking to make a profit, and convert that profit into paper money for everyday living. You want the original paper money before then to bitcoin, I think quite right. We live and earn money to meet our daily needs, first of all we have to have paper money to meet our needs in life, then left over to buy bitcoin to make a profit, because now bitcoin Purchases can not be made in some countries. So bitcoin is not worth the daily life like paper money.

I know that bitcoin is partnered by fees, not all people love fees and not all people is for bitcoin. The different of paper money to bitcoin is that bitcon is an investment. Its not meant for daily transactions. I know there is only fees, when you cash in and cash out.

There is no such thing as 'what it's meant for.'   It's something that anyone can use however they want, only limited by one's creativity.       

As what we always looking forward that would happen to bitcoin to keep its status stronger and continue to soar high. And because of this characteristic it attracts more and more investors which also makes bitcoin preferable rather than paper money as a investment. But since bitcoin is not yet legally used as a mode of payment we need to convert it into fiat.

With higher exchange than fiat money you can get more money when you get bitcoin
Just get lot lot bitcoin after you change into fiat money you can be rich and can you use in real world

What about one of the altcoins -- in terms of high fees, that is?

You are aware that the fees in altcoins are currently lower because those altcoins are not even closely as successful as bitcoin, especially in terms of a number of transactions. The moment the number of transactions for the altcoin reaches the number of transaction in peaks for bitcoin (like the december peak, for instance), the fees will be similarly high too.

Well you seem to be forgetting that bitcoin is extremely volatile. Though you can get more money when the value is high, haven't you considered crashes, just like the recent one that happened? I'm.nit preferring one over the other because i'd prefer to have a variety of options.

I agree with the thread title. I would love to have a bunch of paper money THEN turn it into bitcoin.   ;D

 because bitcoin can't buy anything, we have to convert it to paper money to use it into what we need.

I agree with OP. 99% of the stores in my country don’t accept bitcoin and crypto as a payment method. For now, I take Bitcoin as a saving and investment tool.

 I prefer to have my funds in both fiats and bitcoin. There are advantages to both. Fiat is good for spending, this is something we cannot deny. But I like the growth of bitcoin, this is something fiat cannot achieve.

I understand your point of view and it is perfectly normal to want this way. For me now it is the perfect time to save some money since I don't sell my bitcoin every day to buy something. I want to have this saving period

I've already used Stellar (XLM) for payment where I am at. And it works pretty well. ;) More shops are adopting it.
Cryptos certainly do have a future IMO.

I agree to you that, fiat is our first and easiest form of currency where accpetable in all different kind of transactions and we all know that it will last forever. The reason why I would rather to have fiat than bitcoin is the price because the price of bitcoin is volatiles and there is a chance that it will crush your money but I hope it would not happen.

Surely you like paper money because it is safer and legal banknotes can be accepted wherever you transact

Bcos in my country is still use reg and paper money so I change btc to reg money

You must have a paper money rathrer than bitcoin because it is more convenient than digital currency like bitcoin because every where you can use paper money and bitcoin you can only use on selected online shops and for purchasing selected items only. But practically speaking if you have  a paper money that is great. But when you have bitcoin it is much better than paper money when we talk about value you have more advantage in terms of bitcoin. We do not have to choose between paper money and bitcoin when can you have this both on your own hand.

We should accept the truth that paper money is the most convenient to use than Bitcoin in which we could use it instantly anywhere in the community unlike Bitcoin in which we could only use it in the establishment that will accept Bitcoin and it will need the power of internet in every transaction. For me, Bitcoin is just for investment only so that we could earn more fiat for our future spending.

I better think that bitcoin is investment instrument. Paper money is for transaction in daily basis is I think its very different for me. For daily transaction, off course better using paper right now, but for investment bitcoin last year give more than 1000% gain.

It is normal to value paper money rather than crypto since we use it everyday that is why crypto people consider crypto currencies as their investment and not for daily use because of course of the high fees. Since this thread was posted a month ago already, there were changes on the fees recently and it was much lower cost as far as I know unless there'll be some traffic again in the blockchain which means increase in the transaction fees. Let's just face the fact the crypto is more profitable than investing your fiat on banks, mutual funds and time deposits so if you value fiat feel free to invest it somewhere else that you're sure to earn just don't expect high returns that crypto can give you.

$100 in your pocket or bank account a years ago would be worth $97 today. $100 five years ago is worth about $75 today. Even with interest on bank deposits, it largely does not keep up with the inflation rate.
Now how much would that same $100 in bitcoin 5 years ago be worth today? I haven't done the math but I'm sure it would be some serious change. Bitcoin gains might be decreasing percentage-wise as time goes on, but far outstrips value of fiat/paper currency. I'll hold on to my Bitcoin.

 Same with me. I rather choice paper than bitvoin even though bitcoin is really big help for me. Bitcoin is an invest that can make your profit grow in just a month or a year. But certainly ypu can use it in a mall or buy some food. But there are store accepting bitcoin. But in our country not yet. But hopefully it will.

There is really no other way to replace paper money with bitcoin or altcoins. We can use cash right away if we need something to buy or do transaction with. Digital currencies are use for our convenience or can give us additional earnings. This is its purpose.

Very interesting discussion, and the arguments actually reflect on the validity in terms of whether or not the BTC is accepted in particular places. Is it not true? that in the back of your mind, a shadow of doubt is lurking, doubt that coincides with the unstability or uncertainty of the BTC and the cryptocurrency realm? and this would all be linked with whether or not majority of the population, particularly the proper organizations and authority and how they treat BTC. So part of this premise would include the acceptance of the BTC. Because if its entirety (the BTC), is accepted, all its aspects, like being accepted as a currency (features of a FIAT), then you would prefer both. Good luck, I hope you will find the right currency for you, in relation to the level of acceptance.

fiat money indeed stable in price unlike crypto. but i think crypto has many advantages,
that fiat currency doesnt have. i prefer crypto than fiat.

The general acceptance of bitcoin by majority of the population is,i believe, the biggest factor why fiat money is better than bitcoin. Also the main reason why bitcoin cannot go mainstream.

The thoughts you say are the same as others think. Paper money (fiat) is definitely something everyone has, another thing with bitcoin that maybe only 7 out of 10 people own and use it. In fact, although bitcoin prices are higher than banknotes but in terms of their use are still inferior to paper money. The reason why it happens because bitcoin is still digital money and to do transactions must go through various processes, especially for the payment of daily necessities such as food, drinks, clothes etc. It's very difficult to pay it using bitcoin.

For me if you would rather have a paper money than Bitcoin because it is not risky if you have paper money you can have it and hold it and you can save it rather than Bitcoin that is not stable because of its price that is so risky it go up and down its value Bitcoin is too risky than paper money ofcourse Bitcoin can go dump it can have no value than paper money it is so stable you dont have to panic because it is not unstable.

We are free to use what is more convenient for us and if you think paper money/fiat is way better for spending than any cryptos then so be it coz we are not oblige by anyone to use it as currency or as an asset. The unstable price is also the reason why majority of users are treating it as an investment opportunity although it was not design for that purpose. Currently I think btc is not effective as currency because of the high fees and slow transactions that we are encountering and it should be resolve first if lightning network implementation is already present.

The most important feature of a currency is that it be a stable store of value. Paper money has its own advantage,bitcoin is less effective for micro-payment, bitcoin is more suitable for investment and commodities.

The reason why people are investing on cryptocurrency is because they are all hoping to earn profit when the value of their coins will increase on the market. There is no reason for you to invest on bitcoins if you are wealthy since most of the people are turning into trading because they earn more profit in this kind of industry.

Dude don't worry about it too much. You should just invest a small of (paper money) to cryptocurrency and forget about couple years. That would be the best advice that i could give you maybe you'll be holding your new house's down payment! You will not be regret it  ;)  

That might be true for now, but once majority will adopt and embrace cryptocurrency, those problems that you have mentioned will not be a hassle anymore. High transaction fees? It will be minimized soon or may vanish in fact. Hassle transaction? It won't as long as internet connection will be improved.

Paper money and cryptourrency both of them are useful at Thier place , at one side bitcoin like cryptourrency are better for passive income and at another side cryptourrency have problems of confirmation of the transaction and can be handle only in online .
Similarly we can take many factors in favour of cryptourrency and in Fiat .
Here no doubt that if we will have cryptourrency then we have better economical life and at another side if we wil have Fiat then that can be use in offline at every place but everywhere we can't use cryptourrency Because only a small population is using bitcoin like things .
But most of the favourable conditions is going with the bitcoin Because with bitcoin our earnings increasing , and if you will ask about the fee system then I don't think that there is anything big Because we have many options to down the fee like to use segwit wallet .

some prefer paper money and others prefer bitcoin, For those who are afraid to loose money and do not want to take risk, they will prefer fiat because bitcoin has a fluctuating value and anything can happen in an instant. They think that there are more risk to it and they might end up bankrupt,  but what they don't know is how big the potential of bitcoin is.

I'd rather burn all the paper money.

We all need fiat money right now since Bitcoin is not recognized by many as currency. But it doesn't mean that it will forever be. We cannot predict the future. All we can do is prepare for the future. So if you truly believe that cryptocurrencies are the future money, then you must prepare yourself and start buying Bitcoin.

What is that for logic? Bitcoin doesn't need to be recognized or legalized by any country in order to have stores accept it as payment form. As long as nothing prevents you from accepting it, nothing can stop you from using it.

If we go by your logic, and Bitcoin would indeed need to be recognized or legalized, we would probably not even have 2% of the current number of merchants accepting Bitcoin as payment form, think about that.

Fiat payment services offer more adoption and convenience at this point, but that's just a matter of time before Bitcoin is going to close that gap. That's the main purposes and point if this thread.

Bitcoin is not for everyone because it's system sometimes is too complicated to others. You can use bitcoin for your everyday life but on limited things only, also you must know how its mechanism run and how to use it properly. Knowledge is very important to every bitcoin users.

Id rather have paper money because i can used it for my daily needs or transaction.Whereas the bitcoin is an asset it cannot directly buy for your daily transaction you just wait when your bitcoin is being converted.As soon as it is converted then thats the tume you can use it for gour daily needs.

It may occur after rapid education spread causing people to stand against Govt for accepting btcs over cash

In 2011, there talks of "Buy 1 ounce Silver. End the Fed". Now Silver is $17/ounce.

Central banks are the King.

Firstly, I would not necessarily agree that this makes Bitcoin better than fiat money, I think this makes Bitcoin different or unique. Whether this is better than fiat is more of an ideological or economic theory type of question, but being unique may be sufficient to ensure Bitcoin can have significant value.

For starters a lot of people are also thinking that way because of the advantages and the prod that this kind of things provide. Paper money provides security and this are things that are not replaced no matter how high the value of bitcoin or any other cryptocurrency for that matter. Paper money is centralized which means that it kight change the value but not volatile as cryptocurrency

FYI, “fiat currency” is any national currency decreed legal by the national government, but is intrinsically valueless money. Fiat currencies no longer represent gold deposits or other things of known market value. They are just the accepted pieces of national paper, printed by a private central bank and loaned to the national government, with interest. All fiat currencies are debt instruments.

Progress of bitcoins surely proves that it is far better than real cash curency and so might get replaced

Yeah me too. Fiat money is way more important than crypto. Since I d not have both, I will try to gain profit from many types of job. The most used type of money on the world is fiat money and we gotta have some of it for emergencies. The fees are also increasing because the traffic in the transactions are getting more way out of hand than before.

Not everyone is for everyone, and for that reason people are afraid of doing every work, and people should be educated in this work. Bitcoin should be a bit like a debit card, so it is very important for every human being to share knowledge and information.

To be honest, I'd rather use fiat money as well. I'm not yet comfortable with using bitcoins as a currency on a daily basis since bitcoins costs so much to transfer and takes so long to send it somewhere elsee whereas with fiat money, no transfer fees and just literally seconds to transfer it.

Bitcoin is better than Fiat currency in terms of investment but when it comes to daily usage bitcoin still needs to be adapted by wide range of societies and bitcoin can be online asset but cannot replace fiat.

Ye, that's true. While flat in terms of investment remains stable for long time and even it goes up, you would probably get like 5% - 10% from your capital (not something that really worth) When Bitcoin would be used as payment gateway to buy food or your daily goods, do you ever think about the fee? You don't want to pay more cuz fee right?

I will use the global reserve currency, the U.S. Dollar, for all relevant fiat currency examples, but any centralized bank note will still have the same principles apply.
Bitcoin fees are currently very high.
Bitcoin’s advantages are built into the technology, that can be amended or updated through the protocol, and are built to stand the test of time.

Yes bitcoin should be more like online currency and will not replace fiat currency as this will never be digested with the government and bankers we need to educate people about the bitcoin and it's benefits.

At the moment yes. But what you think about tomorrow? These things cryptocurrency will overcome. Everything is just in the development phase as the whole technology is still young. In future, I don't see FIAT money.

Paper money is more traditional and stable compared to digital currency or specifically, cryptocurrency. Being open for this new trend was also good for you can gain bigger profit if you just know how to manage it. That is why before engaging in cryptos, you must have to knowledge about it.

You are just being practical. I applaud you for being so honest. Because the US fiat value is fixed and stable. The value of the fiat you were holding is the same value you can use to buy anything. As to what i've learned here, bitcoin is not a currency and will never will be because of it's volatility.

Everybody has an environment he lives in. If bitcoin is not accepted in that environment, then only possessing cryptocurrencies will be problematic. You can't pay for your everyday life under those circumstances. That is why having some of the local fiat is always somthing we should consider. We can't expect that other people will accept our preferred payment method.

Govt will try to shut btc as its a scam according to them plus their tax incomes will reduce. This arises controversy of acceptance of btcs over cash

Paper money is acceptable in all establishments as a payments of goods and services. While bitcoin is not acceptable in any other establishment, it needs to be converted into paper money so that it will become usable. Just like my country right now bitcoin was not totally accepted by government.

Real cash helps you in estimating your earning by solid calculations but there is no calculations in this virtual system

paper money and bitcoin are very different bitcoin you see on the logo it's kind of a coin and it's just kind of a bitcoin symbol. but what you earn from the bitcoin investment is not coin, but the form of paper money that you like it ,,

Because Bitcoin can only buy and sell on the internet, it may be necessary all the time, but there are very few people who can go out and do some shopping with Bitcoin, so I need paper money so my idea is soon that all sellers will buy Bitcoin wallet and start to trade with Bitcoin as if approaching.

I also personally prefer paper money instead of bitcoin. As you have said, there are so many fees just to convert bitcoin to paper money. But for convenience purposes, it's better to use bitcoin for transferring huge amount of money right? It can also be used worldwide (depending on country if they allowed it though). But we have our different opinions, we can use bitcoin for investments but i prefer having large amount of paper money than bitcoin, due to uncertainty in prices eventhough it increases almost everyday.

Everyone has a choice. Yes, paper money can be used more conveniently in daily life. Paper money is widely used. But I think bitcoin is an investment, and you may be adding value when you hold it, which can bring you benefits.

It all depends on one's uses.   My kids prefer 100 Yen coins because they can be used in gachapon vending machines in Japan.   

I would not prefer paper money to bitcoins at the moment, because right now there is a rapid growth and there is simply no reason to compare and think where it is better to store money.

I think the fact that it also a basic necessity to buy your daily items like soap, food, etc make you prefer paper money over bitcoin. Since bitcoin is impractical to use for micro transactions, for now at the least. Bitcoin is for future investments. But I think that it would become the world's currency, and that will shift you from paper money to bitcoin.

Well that's your choice. It is just a matter of perspective. Other people are using Bitcoin because it is not only a currency but also a good asset or investment for being profitable due to thecontinuous increase on its value for a long run. That's the biggest advantage of Bitcoin compared to fiat that are having a stable market price. The only issue on cryptos right now is the legalization and hoping that in the future it will be solved.

Just like you, I would rather have paper money than bitcoin as of now because as you can see the bitcoin's value can dropped anytime while the paper money or fiat is not. Fiat is surely can be used for transactions while bitcoin can only be used for limited transactions and as the matter of fact, it is banned in some countries. If I have bitcoin right now, probably I will turn it into cash so I can use it anytime and anywhere.

If you are earning a huge amount of bitcoins on cashing out then why bother to reduce a small amount of fiat on your transaction fee. Cryptocurrency payment method will be only efficient on paying a huge amount of bills if the transaction fee is really bothering you.

This thinking is exactly why you are poor and will remain poor.  Fiat is a debt based currency and is always losing value.  It's designed to lose value but not to fast. Don't want to spook the sheep or make the frog jump out of the pot.  Investing in assets that don't lose value and you will always come out ahead in a debt based system.  

this is a question or a logical delivery, sometimes if I have to bother to bring cash when buying electronics, while in the street I think "it will be easier if I have money crypto and can be used as a payment medium in some places that I will visit ". like your story, when I want to buy a snack that cost me less how much I prefer and like paper money

It totally depends how you look towards bitcoin either a type of currency or an investment. Anyways on a day to day life people aren't gonna go and buy higher priced good and would like to use crypto-currencies and in a day to day life people spend money, not heavy priced commodities but on low to medium priced commodities and there is where you would need fiat money because using bitcoin there would not be a very good idea according to me atleast I wouldn't.

We are used on using paper money so it will be more convenient and less confusing for us. Bitcoin may offer more than what paper money can offer. However, it still have disadvantages that may affect our transactions. For me, since it is used only with the presence of internet then, it will our transactions. Some may not still embrace this kind of change and still prefer the use of paper money. Lots of circumstances may occur. Like when the internet is not available, bitcoin will not be accessible. So I still prefer the safer means which is the use of paper money.

I think right now it is ideal to use fiat more over bitcoin because as we all know bitcoin is not yet widely accepted. With that you have less establishments than can give you service in exchange of your bitcoin. Maybe in the future when bitcoin becomes more adapted and accepted we can finally use it well.

I guess i would have t agree with you on that. For the current situation, bitcoin having super huge fees and long transaction confirmation, it wont be the currency of choice. If we mean it for our daily needs, fiat would still be number one on that. Not to mention not all merchants accepts bitcoin for payment.that makes it all the more difficult with day to day transactions. But for future needs or investment, id still have to choose bitcoin.

I can understand your way of thinking, for example like few minutes ago when the crypto are rising i can be a millionaire but few minutes after i can lose more than half of the asset as the all the coins i am holding is droping non stop, although holding on to fiat does not apprciate or depreciate but the money is definately there for you to use.

Because banknotes are legal tender, it is more convenient in real life. Bitcoin is a virtual currency. In reality, there are not many channels to support the use of bitcoin. Moreover, many countries do not accept bitcoin.

I prefer paper money compare to bitcoin in only term of spending because when i will spend bitcoin on a store for example, it will require me to pay extra money aside from the tax included in the item for the fee of the miners to complete my transaction while in paper money i will pay smooth without paying for extra fee for miners because all i need to do is to hand over the cash.

Physical money ain't going up but Bitcoin's value and other cryptocurrency does. It's your choice anyways but this is my opinion about this. Having Bitcoin is a good investment because of its shocking price as you hold it and let the years pass. You can also pay someone with this Bitcoin currency and some shop online accept Bitcoin as a payment for what they bought. It's our own decision after all if we can multiply our money either in physical form or in virtual form. In the end we all benefit in either of the two.

Bitcoin is a virtual currency, a leader and the hands down considered king in the cryptocurrency market. Having bitcoin means that you are opening yourselves to investments and excessive oportunities on taking risks and being able to free yourself from the shackles of loss cause and minimal income. Having bitcoin means that you are more inclined to have financial flexibility. Paper money is less volatile and it might be to the benefit of some people in regards to this

Yeah, you're right there are some reason why paper money is more beneficial than bitcoin but there is something on bitcoin which paper money don't have like high volatility rate. Bitcoin is not for everyone, they say and its true, if you cannot appreciate the use of bitcoin then don't use it, use paper money instead. The problem with us people is we are trying to replace the use of paper money with bitcoin which is way too far from our days.

We are almost there with having Crypto Debit cards and that will be the perfect solution to the problem you pose. They are still sorting out licensing and provider issues at the moment but the proper launch can't be too far away. Then you spend FIAT anywhere you see Mastercard or Visa symbol and it gets converted to crypto and deducted from your wallet all without any tx fees. It's a clean and simple solution.

Fiat money system is really hassle free and very flexible in payments and transactions unlike bitcoin. Yes, bitcoin have some its good traits like being untracable but it's fees are too high

This is why Bitcoin is often regarded as an investment for many times. Many people think that the transaction cost of bitcoin is too expensive. As a trading currency, this is a fatal flaw. The transaction speed is slow and affects both parties' time.

Fiat is our easiest form of currency it has been in place for a long time and there is nothing difficult about using it. Bitcoin on the other hand does have a learning curve for new people to understand with keys and understanding of it price volatilities.

Better have paper money , ut wont decrease value at all. But with bitcoin as time goes buy you will notice how the price changes. Its either you earn money or you lose. Holding bitcoin is like gambling your money. Better not take the risk if you are not ready to lose your money.

it's easy, it's because in our real life, we still use paper money to buy something and we still have paper money in our wallet. but if in the future, bitcoin become legal and there are many stores offline and store online accepting bitcoin then maybe we will also use bitcoin and I think it will be saved for use bitcoin. and I think this is what happens in another country which bitcoin is not already accepted as a new payment.

Bitcoin is supposed to be a kind of currency, and in the future, if there is a virtual currency printed in cash it will be Bitcoin because many people want Bitcoin to be a common currency of the world, I think this will happen in the future.

It is just natural for you to like paper money than crypto. With paper money it is more secured. its value would not change easily. But still you cannpt deny the fact that mamy people earn through bitcoin including yourself and benifiting from it. Holding bitcoin involves a rik but you will not gain something of you do not take risk

Yes but once it becomes easier for people to transact in crypto and more retailers are willing to accept crypto as payment for goods and services, then there will be far less friction to hold crypto and more and more capital will flow freely into the space.

Bitcoin is not for everyone. I do not think so, Yes I did not know enough about bitcoin yet. so I keep studying how and what the trend inside the bitcoin. Bitcoin is for everyone who wants to have it. Just be respected by its use.

Well, everyone has their own choice and choose you if the paper money, then why not, they are also nothing, you can touch them)

I think, almost everyone will need local currency, yes, we are incorporated and involved in bitcoin is for the money. money allows us to survive and buy according to what we want. So, I think if we discuss about money. there will not be much difference.

Agree! However, we must understand that Bitcoin is still in the basic phase of development and it will take time to inculcate the habit of using Bitcoin for the offline transaction. We don't have the cryptocurrency friendly market environment as of now but I am optimistic about post 5 to 10 years picture. I agree that we need to find concrete solution for the issues like high time and fees for the transaction confirmation.

I think it's right because we really need a paper money so we can use it.
to what extent and when it comes to emergency we can use it immediately.

Paper money exists for a very long time. Cryptocurrencies is a relatively young market that has many problems to overcome. In a few years, he can become a serious competitor in payments for fiat currencies.

In fact using paper money much more easy than crypto

Every currency system has some advantages for the people and at the same time they have certain limitations as well. The major disadvantage of fiat currency system according to my opinion is that it has more time wastages in processes globally as well as locally.

World is getting competitive day by day, so it is better not to waste time while standing in the queue and do something productive in that time and that’s what bitcoin is offering.

Cash is still king. No doubt about it. But bitcoin is the thing of the future. A few years from now, our options when purchasing something will be paper, plastic or crypto.

Yes, Bitcoin can be said to be the future currency, and banknotes must exist in a country. However, bitcoin is not completely covered now, so people are more likely to pay cash than bitcoin.

Just as everyone stated bitcoin is not for the masses yet. Even though bitcoin is popular it is not enough to reach all of the people. A lot of people has not heard and does not know of bitcoin. Until bitcoin becomes widely accepted, people would still prefer fiat because it is widely accepted and adapted by most people around the world.

If one day, BTC can be as convenient as mobile payment, then its value will be huge.

I agree. Knowledge on how to use bitcoin for everyday uses with minimal fees is not available to most of us. or rather we just don't know as of yet.
And mass adoption of bitcoin is still under questionable grounds.
And so many still prefer to use paper money, even I share the sympathy of OP.
And even if we have bitcoin debit on hand, local markets do not support it. for now.

Yes, I do not know, I think it's more pleasant to use the digital currency and it's more convenient and brings the luggage of relaxation without being confused with different currencies.

If you want to have stability, currency you can easily spend, no problems with withdrawals, exchanges and so on - ofcourse the FIAT currency would be better. The Bitcoin seem to go up and down all the time. Today you can buy a car for bitcoing, tomorrow only half of it.. But generally, you can put some part of your money just as long-term investment. Every year it beats new records in value, usually in autumn. The easies way is to buy after winter-fall and sell in autumn (as a simpliest strategy). Ofcourse holding most of your money in bitcoin is a very high risk.

Not many people today know about bitcoin. Especially the older generation. For them it is something distant and incomprehensible. Not everyone has the opportunity to mine bitcoins. For them, paper money is still a priority. Why, for example, the US does not use the yen or the Euro along with the dollar. That makes no sense. That would weaken the country's economy. Cryptocurrency is not able to completely replace paper money. In contrast, it does not have a valid value. Paper money is protected by banks from depreciation.

I disagree with you. Paper money has long to be eliminated. But they are beneficial for corrupt officials and for this reason remain in use. Many opponents of bitcoin talk about its anonymity and the possibility of being used for criminal purposes. But they do not say that you need to start fighting with cash. Bitcoin cannot replace national currencies, but it can and should be used as an asset for savings. It's easier than keeping money in banks.

I am favor with this one, since not everybody knows bitcoin already, still paper money is preferred especially in our country. Bitcoin is just next because paper money is more available to use rather than bitcoin.

Paper money is for everyone- wherein bitcoin is a digital currency that can be used for bitcoiners transaction ( bitcoin to bitcoin users only)

Fiat money is easier to use in everyday transactions. If for the reason of daily transaction convenience, fiat money is the best, but when it comes to profit, bitcoin is the best of fiat money.

For payment purposes and easiness then you are right. Bitcoin is too complicated to use to nost people. But atleast in my country we have our own local exchange so that we can convert it to fiat as easy as you might think ;D

And one thing to remember, bitcoin is money too. You can buy anything with it eventhough some requires to be converted to fiat first

Fiat money is being used by everybody in our everyday life for transaction, bitcoin is an alternative payment method for sending/receiving transactions online and still only few know how to use it. Bitcoin can be use for a long term investment by just holding it in your wallet unlike fiat money which is fix value.

Holding fiat or crypto is a matter of preference and choice. I understand the issue because there is no mass adoption hence it can be frustrating to use your BTC in certain situations without converting to paper money. However, you can have some for trading and as an investment and hold fiat for everyday use.

Well, it your own choice and no one force you to use bitcoin, if you think it's not or you and you have a hard time to it then it's okey. We all know bitcoin's price value is fluctuating meaning it's uncertain and if it brought you fear then there nothing bitcoin can do for you, you just have to accept the reality.

For me, you still need to use paper money or real money then bitcoin. We all know that bitcoin’s acceptable is ever low comparing to the real money. Also, you still need to convert your bitcoin, or you still need to cash out our bitcoin to use it for your daily expenses, I know that you can’t use your bitcoin to buy some things in the store or supermarket. But the good thing about bitcoin is you can use it to purchase or transact with anyone that using it anonymously.  :)

Bitcoin is a currency of money in exchange of paper cashes. Its only a internet banking currency which is very notable on to any other sorts of coins, only produced and organized to inherit the exchange machanism of doing works.

the answer is that it cannot be debased, nor controlled by any person or privileged group of people. It is money that derives its price from the market (voluntary exchange) instead of by coercion and force. Thus, it is both a better store of wealth, and also more ethical, transparent, and honest.

You are right, those governments are really stealing a huge amount of money on their people and they are in a huge advantage for us because they all have access on our banks and they can monopolize the system as well for their own interest's good thing is that cryptocurrency does not have tax.

I'm also agreeing with your argument, but in my opinion, this depends on the currency of each country.As per the Indian currency, the USD value difference is the main profit for the Indian bitcoiners.

Its all depend on your uses. Bitcoin is decentralise currency and easiest way to online payments and has good growth in future. Paper money use to fill daily needs.

Now they are threatened with closure if they do not follow the recommendations of the state. Hostility towards Bitcoin is quite understandable, the US is afraid of money laundering and all sorts of frauds.

For all the time that I try to make money on cryptocurrency, I understood one thing. if you do not know how to trade on the stock exchange, then just keep and do not sell, very soon cryptocurrencies will be in demand.

I do not see anything wrong with having an investment in bitcoin and in parallel to invest their money in something else, more stable. Bitcoin is profitable.

bitcoin fee indeed not cheap, but it is still better than paper money i guess.
if you want to pay with crypto but less fee, try other altcoins. They have less fee than bitcoin.

Bitcoin is not yet widely used and accepted, it is still new and only the techie people knows  it well. It depends on what you want to use it for, because only a few merchants accepts bitcoin. The good thing about bitcoin is that it is transparent to government and difficult for them to control and access it. Some people look at it as an investment, a way of getting wealthy fast, but while it may be profitable, it is a commodity and can go down in value as easily as go up.

No , having paper money is just for your daily needs only and that won't give you any money profits from it.
The things you've to do right now is investing in Bitcoin immediately or you'll be regret.

Yes, I'd also still want to use paper money, than to just only have bitcoin, I can't imagine if we still only have bitcoin, I think it will be very difficult for us to use it, especially if some people doesn't know how to use bitcoin, some people who does not have gadgets can't have bitcoin.

There are so many disadvantages about using physical cash like you can be robbed and you need to always bring your wallet, another thing is that, the value of fiat is not increasing so basically you need to work hard to earn it, while invest on cryptocurrency is already a big thing because the prices is growing as the time goes by.

It will never be the same bitcoin as paper money, its uses are different. Bitcoin is for investors, that is, people who invest in cryptocurrencies to obtain a return on this asset in the short, medium or long term. On the other hand, paper money is simply to acquire goods and services.

As far as exchanges, fiat cash is extremely the better decision. It is extremely decent that bitcoin exchanges is not that easy to trace and the clients are being unknown however its exchange charges are extremely costly. And furthermore fiat cash is extremely adaptable in all exchanges. It is disappointing to have bitcoins and not ready to utilize it and spend it for day by day needs

Your sentiments are understandable and correct. If you'll be converting your money to bitcoin and use bitcoin for transactions it's not advisable, transaction fees will kill you.

But if you bought bitcoin for you to profit out of it then it's a different story. I bought bitcoin so I could do trading and earn from it. I rarely use bitcoin as a payment transactions because I find it more epxensive.

fiat money has always existed and we have been using it for years. We always hold fiat money to meet the necessities of life while bitcoin is still rarely used and for now there are still few people willing to accept bitcoin for sale and purchase transactions.

Because paper money is much more secured than using bitcoins especially if you are not that techie guy because it is hard to cope up into that thing because not all stores are accepting bitcoins as you paynent so it is really hard for us to use bitcoins and we need to convert it into cash instead after having that in order to buy things that we wanted. And the fact that the bitcoins are volatile so you better knew that your money can lessen if the overall price in the market falls so if you dont want that better stick with cash.

I agree with you. but I don't have to exchange all of my bitcoin to paper money because I still want to have the investment for my future and I think bitcoin can help me to do this. and in our real life, people still don't know much about bitcoin so they think that bitcoin is not good for them and they don't want to use it like us. actually, if we can have both paper money and bitcoin, we can use it for our real life and online life at the same time.

There are many people in real life who don't know the existence of BTC!

Although BTC is legal in many countries, people still need to trade in legal currency for daily transactions.

People earn profits through BTC or they need to change into legal tender to trade in real life!

I think bitcoin is even better
 For real money, you can send money to different countries using bitcoin and blockchain.

It doesn't come as a surprise to me because at the end of the day everyone involved in crypto usually converts his Bitcoin to Fiat so that he could use it in real life because Bitcoin isn't accepted by anyone and Fiat currencies are accepted everywhere.

Because of the status of bitcoin in our country its better you always have paper money because not all establishment in the Philippines was not accepting bitcoin in terms of payment if you have real money you can buy in small store but if you have bitcoin you cannot.

You still can't use Bitcoin for daily spending. Personally, I'm using Bitcoin as an investment more than a currency.

On my own perception I do agreeing to have both bitcoin and paper money. Bitcoin is for investment and paper money is what you use to purchase goods in your country. But because bitcoin isn't yet accepted in our society so we have to do is to convert our digital coin into fiat or paper currency.

I really came to the point that I will choose fiat than bitcoin because its value is more stable than bitcoin's value. I am really disappointed when there's a plunge because when it happened, I really need the money. I cannot blame other people but only myself because the decision is mine at all, however, I still have hopes that bitcoin will increase again.

If I were to have a thousand bucks in fiat money or bitcoins, I'd still take fiat money and run. Even though we fully grasp our money when it comes to bitcoins, money transfer and transaction fees are faster and cheaper respectively compared to bitcoins. Bitcoins have a long way to go to have fiat money efficiency.

Even in the age of credit and debit cards, paper is still widely used. Because like credit cards, cryptocurrency has their limits. Not everyone accepts these digital representation of money.
Every still prefers paper than any other type of money. And Bitcoin for instance is not currently being used as a currency, rather it is being used today as an asset.

people have different preferences on what they'd rather use whether paper money or crypto. paper money may be convenient to them due to the fact that its legal and generally accepted as a means of pay, while others prefer BTC coz its safe, fast and free of regulation, people have different set priorities,

I favor paper money contrast with Btc in just term of spending since when I will spend Btc on a store for instance it will expect me to pay additional money beside the duty incorporated into the thing for the charge of the miners to finish my exchange while in paper money I will pay smooth without paying for additional expense for miners since I should simply to hand over the cash.

some prefer paper money and others prefer bitcoin, For those who are afraid to loose money and do not want to take risk, they will prefer fiat because bitcoin has a fluctuating value and anything can happen in an instant.

I understand your position, we can spend bitcoin only if we get paid in cryptocurrency. And otherwise it doesn't make any sense - we buy bitcoin, spend it and again buy.

True, that is why it has become more of an investment than a currency in which it was intended to. Bitcoin now is primarily used for trading and holding and altcoins with lower values have played the part of the currency for payment for these transactions and services online.

I took bitcoin as a challenge and I think it is a great project which is developing many years from now. I also believe that I will like more paying with bitcoin instead of regular paper money

But paper money is a waste. even using dollars it should be digital

the answer is that it can't be debased, nor controlled by somebody or privileged cluster of individuals. it's cash that derives its value from the market (voluntary exchange) rather than by coercion and force. Thus, it's each a more robust store of wealth, and conjointly a lot of moral, clear, and honest.

It depends on everything you need I prefer a fiat and is enough to meet your need then there is no problems however it is a missed opportunity to get many benefits from a cruptocurrencies .either with investment trading and others no matter what your concerns about a large transaction fee then I can explained that bitcoin most cryptocurrencies are not suitable for micro payment .see at most of the many profitable functions cryptocurrency are also not just for payment at it is convenient to pay paper money because it is legally accepted then the bitcoin must be cash on its first release.

Despite everything, you have to utilize paper cash or real cash then bitcoin. We all realize that bitcoin's adequate is a low contrast with the actual money. Likewise, you have to change your bitcoin, or despite everything you have to pay out our bitcoin to utilize it for your day by day expenses. But if bitcoin’s adequate become very high, I think I will be more efficient you some bitcoin and another crypto.

Now, I want to have both! Though, I want to hodl my crypto! I expect that once the world will change and I will have an opportunity to spend crypto without exchanging it onto fiat money)))

Yes of course, fiat money is easier to use in everyday life.
Bitcoin has little problem when it is used as a tool for daily payments such as transfer process that takes a long time and also a very high cost in every transfer process.

Yup, it sure is more safer than BTC. I would still trade and invest in crypto currencies tho.

I can understand you. At this moment cryptocurrencies are not enough integrated in real life. Bitcoin is more like an asset, altcoins mostly are just tokens based on ideas and weak realisation.

Yes, paper money is easier to use. Bitcoin has not yet been widely used in real life, and few stores accept bitcoin, and we often can't use bitcoin to buy what we want. And the use of paper money can be done, so some people prefer to use paper money.

between fiat and bitcoin money both have the disadvantages and advantages. for now people say prefer the fiat money because the price of bitcoin is going down, but it would be much happier to have bitcoin if bitcoin prices soar because the price of bitcoin is expensive se will be fiat money is not worth it

I think that the author of the topic is right, but this is because the crypt coin did not enter fully and the leading states did not enter their coin officially

Actually the bitcoin price is not stable and we see fluctuation in bitcoin price for every time and that is the main reason that still most of the people do not taking interest in bitcoin, but still a lot of people have started their business and they are even using bitcoin for their business, i am hopeful that in future when bitcoin will  become more popular then people are start taking more interest in bitcoin and hope that then bitcoin will bitcoin will become more popular.

of course you should choose paper money than bitcoin for daily use purpose, because it is easy use and accepted anywhere. Technically, bitcoin is not a currency (exchange tool), it is more like investment commodity that has value for exchange currency.

Actually it depends on the people what they prefer on holding, the reason why most of the people are preferring to invest on cryptocurrency is because of the price in the market of bitcoins that keeps on increasing as the time goes by and because of that, you are assured that you can really earn profit.

Bitcoin is a good thing but you cannot hold it or use it in daily transactions. However, bitcoin has a capability of becoming a good source of income. This income can be converted to fiat cash. You do not need to transact in bitcoin every day, just make it as an investment,

You got it right there. Honestly, i am not that knowledgeable about bitcoin yet so I don't like to do harsh decisions. I need to read more and research more to make the right decisions so i wont regret in the end.

Paper money is widely use around the world especially the poor people. The situation is difficult for the if we are not to use paper money. In some countries not all people can access the internet.

Paper money or fiat money usually used in different countries. It is usually used to buy daily products, pay bills, etc. Usually bitcoin cant used to pay bills in some shops, so you need to convert it first for you to pay your bills.

It depends, some people believe in paper money, some people stocks, and some people in bitcoin. It's all about trusting the company, and where you putting your money in.

I also preferred using fiat currency in everyday life rather than bitcoin. The reason is that for me using digital currency is very risky and the security issues are arising every now and then, bitcoin is a hot target for hackers around the globe. I rather use something that i can hold physically and have assurance that i am holding it in real life.

Well that is your decision and if that is what you will prefer then that's fine, however since I do not have any plans to use my bitcoin and instead I'm just saving it then I prefer to have my bitcoin instead, I know that I'll be able to use fiat more easily but with bitcoin I grow my wealth something that is impossible to do with fiat and in fact the opposite happens you lose your purchase power every day by inflation

At the moment I also have this opinion. So most of the products you buy only for paper money and so it will be a long time. Not all people, especially those over 50, easily understand this all.

everyone can definitely use bitcoin as a means of payment where the person wants to try and keep learning to understand bitcoin.learning bitcoin does not look age,in fact in my country (indonesia) many children / teenagers who can use bitcoin.

Well it is true that fiat is better to have than bitcoin in terms of usability since you always have it in your hand. But bitcoin is like another source of income that can also be used to pay as substitute to paper money or store as investment to earn profit. For me I consider bitcoin as investment and if I need fiat then I just convert it and use it.

Many people will surely choice paper money than bitcoin it is because paper money is a sure money and has a constant value or price. Some people are also thinking that if they have bitcoin instead of paper money they might lose or decrease their money. We all know that bitcoin price or value can increase or decrease in a blink, unlike with the paper money which price or value move in a blink. Well there are also a lot of advantage of using paper money such as it is acceptable in big or small transactions, payment for all industry. Still we will be back to the basics of this culture which are using what is the traditional way of payment which is the use of paper money.