Bitcoin Forum

That's because no single person or group of persons is or are in control of Cryptos, it's called Blockchain technology

It's a decentralised system meaning money sent or received from or to an account can be seen or monitored by everyone or anyone who wishes to

Unlike your normal bank that has CEO who decides how he wants to run his business, he can collaborate with the president to Syphon millions of dollars and no one will know about it

In the Crypto space, such is not possible because any amount that leaves your account can be monitored and traced by anybody at all

So stealing with Cryptos is almost not possible

And again, Cryptos rise/fall every second, but the chances of rising is higher

That's why Bitcoin of $10 today can turn $14 in 14days time but your $10 in the bank will reduce to $9 after bank charges

So a time will come when everyone wouldn't want to be cheated again by the banking system and would move to using Cryptos for Saving money and other transactions.

Not really. Most of the time(like, Bitcoin is the only exception), a single development team controls the entire codebase of a certain cryptocurrency project. "Blockchain technology" doesn't automatically fix the centralization problem. Very very common misconception.

The block chain is a public ledger and transactions can be checked by anyone, this however does not exclusively stop theft. Stealing can still occur and there are also private platforms like monero where everything cannot be traced.

Replace cryptos there with Bitcoin. Majority of the coins/tokens on sale now have a higher chance of dumping than rising as many are shitcoins, Bitcoin on the other hand is deflationary and would likely keep increasing with time.

fiat and bank are only for saving someone's money, nothing extra and no result as 'savings'.

Crypto is proven, for people who invest and trade can make a lot of profit, if they understand the trading and investment system.

So it's only natural that people prefer crypto over fiat, it's included in the category of increasing money, some think, for what to keep fiat in the bank, it's better to invest in crypto, about security and trust, people believe in crypto, instead of making fiat investments in an obscure fashion, their own crypto is in control, not someone else.

OP, what cryptocurrency, other than Bitcoin, has chances of regular growth?
Are you in a rush to write this post? Isn't Bitcoin tracked? Without knowledge of the security of handling bitcoins, there is also a threat of a large loss or theft of bitcoin. There are a lot of amendments.
Try to think and reevaluate your post.

Ofcourse. It's basically close to how public banks should operate. They structure public things as if they are privately-run that it becomes difficult for all member of the public to participate and benefit from its supposed Transparency. Public institutions should be very Transparent and Open to the public to be part of.
I'm always worried to see people who should be encouraging that kind of Setting (true crypto setting) fighting against true cryptocurrency. It is as if they are fighting to protect the corrupt and opaque system. They should be encouraging their governments to reform and adopt the cryptocurrency setting, not necessarily replace it with typical cryptocurrency or have their own citizens totally abandon their institutions and join the crypto space. I think they should be encouraging reform to make public institutions transparent, decentralized, participatory, secure etc. If you don't do this, the bad system could have power over you or foreign proxies could be ruling over you through your "leaders" or public servants.

But ordinary people who do not search for bitcoin will still depend on their banks, no matter if their banks can not be like crypto because they do nothing about crypto. Even if the crypto booming in their country, that will not stop people from using their banks. Only people aware and concerned with their money will try to find out more about bitcoin and will move their funds into bitcoin because of security reasons.

We can see what happen around us while crypto this year seems to attract the attention of many people from many countries. Regular people will not think about bitcoin too much because that is out of their expectations and they do not want to learn a new thing.

XRP is one example of cryptos, does it mean it's decentralized? No, it's centralized.
There's 2 blockchain type, public and private. Private blockchain only can be viewed by limited person.

Not possible? So what's about those Bitcoin related hacker, robbery, money laundering articles that you can easily google them? Even all people can trace the address, that doesn't mean they know who're you and your identity. They only know if you ever submit KYC in CEX.

That's so called saving money is pretty much similar with ponzi scheme or shitcoin staking.

Nope that's not the case since fiat still the most used compare to bitcoin, if we look at the global usage we can say that bitcoin users is not much big compare to the people who use bitcoin and maybe we can only say that its because we are using it day by day but the whole situation is not actually close to overtaking the fiat.

And also take the disadvantages of crypto where many people lose their money because of many reasons and for sure we will be realistic for giving assumption towards crypto since its incomparable with fiat as of the moment.

Sincerely for me why I still prefer Crypto to fiat is the bank regulation and charges for example 2019, I wanted to tie my funds with the bank and I asked for any treasury bill I could do with #500,000 I was told I could only do for a million, I asked for fixed deposit interest rate it doesn't worth me fixing the money but imagine buying Bitcoin as at then with this amount by now I know for sure would have double the money 4 times while the bank interest rate accumulated may just be the same amount saved.

Bitcoin supply and price cannot be controlled by any entity, and that's a big thing, but smaller technical details and further development are controlled by the dev team. Also, I agree with others that stealing cryptos is very possible, and one should be extra careful not to get scammed. Moreover, you've mentioned banks charging fees, and while there are no fees to keep BTC is your wallet (but also, in my country banks often don't charge for keeping fiat on a bank account either), there are Bitcoin transaction fees, and they can be way bigger than any bank would charge you if we're talking about small sums involved.

Yeah,but you have to keep your Bitcoins in your hardware wallet and keep your private keys.
Not your keys,not your coins.Keeping your coins in a crypto exchange or online wallet is the same as keeping money in the bank.



Yeah,right.Totally possible,if your exchange or wallet account gets hacked or you get scammed.


You should learn to distinguish Bitcoin from the different kinds of altcoins/tokens/shitcoins.
Scarcity is the main reason why Bitcoin will increase it's value.Inflation/money printing/currency devaluation is the other reason.This means that money becomes less valuable compared to BTC.


I don't want to agree with this "black vs.white" or "good vs.bad" type of thinking.
Banks aren't always cheating and the crypto companies aren't always legit and honest with their customers.

The real reason why people prefer to use Crypto currencies are not just because it is a decentralized "authority" ...but rather because it gives them the freedom to control their own wealth. A person have full control over their wealth, if they have full control over their private keys.

Crypto currencies also offer people some anonymity, so they will prefer Crypto over Fiat... because they do not want "unwanted" eyes on their private finances. (Why should a government employee have to know, what you are spending your money on?)

Bitcoin transactions are also much cheaper and faster, when you do international remittance. (Using the Bitcoin Lightning Network)  ;)

Yes and No.
If you put your cryptos in an online wallet or any wallet that you don't have private keys on it then technically it is owned by the company where you put your cryptos and they have a control on it. On the other hand if you have your keys on it then you have full control of it.

You can monitor it yes since it is on the Blockchain like you said but if something bad happens (scammed or get hacked), can you track it? Unless there isn't any tracks that they left then even though you can monitor it, it will be hard.

I agree with this so fck the banks :D . Just kidding.

Bitconnect, Centra and other ICO's out there. Other projects that ended up a rug pull. New projects that the main goal is to steal money from investors. What do you call that then? Isn't it stealing using cryptos??

I'm a supporter of Bitcoin and possible cryptos in general but saying this? I don't think that it will happen. Whatever you will say, there will still be people who will use banks. There are some bank users that don't know that they are being cheated. We might see some who prefer to use cryptos for saving but there will be some who will use banks for saving because either they don't know cryptos in general or they are just comfortable with banks :D.

Oh yeah, I just started thinking more about this problem now. I was like, if everything is decentralised and no one controls it then "who runs it?"
That is a good discussion point. Unlike bitcoin which has public development sources that gives it somewhat decentralisation and I still think it is not 100% isnt it?

For the alts they literally manipulated by the developers and that is why we have huge amount of scam cases on going everyday. That's the prime reason why peeps keep talking about the projects where money was collected in ICO token sales, airdrops and later on the team was flee away with unattended tokens over the blockchain.

The reason is simple, ALL (or 99% of) state economists believe (or say they believe) that making sure people can't save money is the right thing to do and they print enought money (and use it) to make sure price inflation WILL happen (this is called monetary inflation) or create a tax everyone with the money will NEED to pay (this is called demurrage).

Almost every single altcoin dont have both ideas, with few exceptions like freicoin that has demurrage or stablecoins that are stable based at a monetary inflation fiat coin and so will have the same problems at the fiat itself.

Tons of people hate the previous ideas and since crypto dont have it they go for crypto, they are ok with even losing their privacy to not use a coin with previous features.

Yep. Not only bitcoin is decentralised, there are some alts that fit the description. At the end of the day, decentralisation is not perfect, even in bitcoin you have a large number of mining operations that have quite an influence on what fork is going to be supported (if any).

I tend to believe much more in incentives rather than on a wider decentralisation, which is very clear and strong while the bitcoin project is in a growth phase. It may be quite different when it reaches a stable phase.

Not necessarily. There are also centralized cryptocurrencies out there such as XRP who fails to fall under this definition of 'blockchain' that you pertain to.


One way or another, someone will have to know about the millions that are missing on the cash flow of a company. Ever wonder how some 'documents' regarding such transactions are leaking every now and then?


Stealing cryptos is pretty much possible with a lot of gullible people and a not-so-secure exchanges that are being exploited by hackers. Cryptographically, cryptos are pretty damn secure, but when you add the human element onto it, it becomes pretty much vulnerable, too.


This may only be the reason why people are trying to close in to the crypto space in an accelerated pace. The rewards and the profits that they are getting from crypto is unmatched no matter which asset class you compare it to.

I disagree. Though decentralization is a spectrum, even Ethereum still has a core team that does most of the protocol development(Consensys), and other cryptocurrenct projects are far worse.

And don't even get me started to proof-of-stake.

I can see that you are a hardcore supporter of BTC and cryptocurrencies op which is good, but don't spread misinformation without doing proper research. Most of your points are wrong honestly speaking.

Currently, FIAT is still way more popular than crypto. BTC won't always rise in value and there are fees associated with cryptocurrencies too. Also, stealing cryptocurrencies is completely possible(Search crypto hacks).

Well I do think that you have to understand that cryptocurrencies like bitcoins provide financial freedom, which makes it possible for people to actually own what they have. The government system is a bit too complicated and they do not compromise, people are mostly used along the way due to corruption and this inturns makes it harder for them to escape their financial square.

Therefore for me I do think this is the most important part of cryptocurrencies like bitcoins. But unfortunately now a days as you will see we have whales and market manipulation as well, but in the end, this is something that we have to fight in the future.

You have a lot to learn about bitcoins and cryptocurrencies as well. Some things are slightly off the hook in the post but I hope you would research about it more.

Despite how cryptocurrency is growing and getting used to people , not everyone can abandon the bank for cryptocurrency savings as far as the government is concerned and bank is runed by the government it will still be useful to the society.

Most common reason I am about to see why people chooses crypto over fiat nowadays, was freedom over control and manipulation specially fiat bank system.
People think that way if they're knowledgeable about cryptocurrency, except for those who didn't have awareness about virtual currency. However, it will not solve the underlying problem of centralized currency because it was governed by regulations; that's why we always faced challenges of inflation.

Well, not everyone is a fan of crypto currency and is knowledgeable enough to understand that's why most of them prefer fiat over crypto. I believe these two have their own distinction and won't be easily replace that's why these two must coexist.

Yes, that's right people are enjoying the freedom of making their own banks as to one has the ability to limit your usage of your own hard earned money. That's why most people preferred crypto over fiat but there are some people who like to use fiat over crypto it's because they are lacking of knowledge to understand what is cryptocurrency and that's why most people preferred fiat over crypto currency.

You have to be careful here.

There are certain cryptos out there that are precisely fiats, but reincarnated and hiding in a different form.

The classic example of this is the CBDCs - they are essentially fiats using blockchain technology, but that technology is used to increase tracking and control for the government rather than anything else.

Adapting to this kind of technology and application of the financial system is crucial, IMO. This is to prevent unlawful acts such as what you have described. It's not just with private companies but with the public officials that should have the well-being of the people and not themselves. With blockchain technology, I think it's going to be better once it has become like that and they should sign a message with their address and then we can monitor anything that goes in and out of their account.

The transparency thing with financial stuff would always be a problem and with cryptocurrency, this problem could diminish.

There are more than a handful blockchains in the crypto world, one more controlled than the other.


The meaning of decentralization is not that "money sent or received from or to an account can be seen or monitored by everyone or anyone." That's the meaning of transparency. Bitcoin has a public ledger so it is accessible to anybody.

Decentralization in Bitcoin simply means it has neither a central authority nor a central server. Its ledger is distributed. 


Very possible. It has happened in the past countless of times and will happen in the future. However, the point of failure is not in the network itself; it is somewhere else. You do not steal Bitcoin from the network, you steal it from wallets.

Talking about bitcoin and fiat, I don't think if anything is preferred over the other thing because both of them are useful in their own place and if you know what do you want to do. Fiat will give some benefits and make your life easier whenever you are going to transfer only a few bucks or if you don't have an internet connection or access to your crypto wallet, in the other hand crypto will make your transactions borderless and make your transactions easier and more untraceable whenever you want to have more privacy and untraceable transactions. So I believe nothing is going to be preferred over the other thing.

I never saved much of my money in the bank because I know anytime they could freeze it. Although crypto and fiat money are having different purposes, I would still prefer cryptocurrency to save most of my money. Plus it gives us full control of our wealth rather than letting someone having the custody of our own assets.

when talking about value, of course we prefer crypto because it promises a higher value and minimal inflation of course by looking at the quality of a coin or crypto token that is safe and certain while money stored anywhere promises inflation but seeing the benefits and uses I like both because with so many no matter how much we have will never be satisfied  ::) ::) ::)

I dont think that anyone can monitor the funds that are being transferred to and received from! I mean yes, you can literally type any garbage address which would be valid one most of the time by just changing few letters in random address. That much transparency is there. However, you don't know exactly who the user is?

There is no way to find the trail which goes way close to the parent user and thus identity can not be explored.

Obviously there needs to be some precautions for higher anonymity! For ex, you can use mixer services and the hell no one ever gonna find to whom those funds belong.

Indeed, the banking regime is pretty bad and my most recent experience is not a freeze, it's simply common system failures but as a result, activities such as depositing and withdrawing money were halted, it took a few days to be refunded and the loss was not small, a complete report of errors as well as apologies were never posted, helpless but objections are futile. Crypto gives us more standard management possibilities, fiat has quite a few factors to depend on and the production cycle is not comparable to crypto, true crypto cycle will be higher in value while fiat will go backwards

You can be right about the cryptocurrency regarding the freedom it gives and prevention of third party access but banks don't just close or frozen your account , they act that based on circumstances surrounding your bank account if it is used for illegal transactions and all of that. However no doubt that cryptocurrency is advantageous to increase volume of the unit of coin you have but there are times it will drop also.

Cryptocurrency particularly bitcoin will always have an advantage towards fiat so it will be a good idea if you keep your money into bitcoin than keeping it in banks where its rate of growing is very small. But if you really intend not just for its own interest but also to make profits, then bitcoin investment will always be good with it. Although its not yet considered as a medium of exchange in a lot of countries, but i know it will get there soon.

However, putting your money in the bank does not mean its totally secured, anytime it will be robbed and worst it can be done straight directly in the  banks like more of an inside job. Now with bitcoin, its too impossible because stealing your bitcoin will never happen because there is a strong security behind its blockchain technology.

Using blockchain doesn't mean it makes the network decentralized. There are centralized coins/project that utilizes blockchain technology. Centralization/Decentralization depends on how the network has been formed/structured.
There are privacy coins that helps to keep you totally anonymous. And you can still steal with cryptos. Lots of people are getting scammed everyday (for stupid reason), and they can't do anything to recover their coins.

You forgot to mention that your $10 today can become $5 within few days (or hours)...

Centralization would really have its pro's too despite on being criticized for it to be closely monitoring or does oppose privacy which you could eventually make out some revert transactions if something is really wrong
and also frauds and scams would be easily detected out since those transactions could really be traced upon but somehow there are people who doesnt really like to be monitored or simply having that
kind of freedom which we can only deal off with crypto and thats whats the reason on why we are really that flourishing or the demand and recognition is really high because
of these aspects.

Op, from your perspective you think cryptocurrency is more preferable than bitcoin, i can you are emphasising this you about cryptocurrency, but people who don't know about cryptocurrency is thousands across the societies from my own observation, because it's very obvious that many people still values or prefer Fiat than cryptocurrency, because fiat currency is been in existence and it has been ancient currency and in which it can't be abandoned in any country, so i know vividly that you are emphasising on the security aspect of fiat and cryptocurrency, op, i can't assure you the one that have a potential security.

Exactly. Your money won't only just go up and increase its amount, it has also chances to go on a lower value and make you a loser in just a blink of an eye. So crypto has also its lapses somehow. It might gain more popularity these days but admit it, fiat is always ahead of that when it comes to popularity and its usage.

However, since digital technologies have been more usable these days, so it may also be applied in digital currencies. But making crypto or bitcoin as a global currency over fiat might be a very tough process before it gets realized.

Governments would never store their budgets in crypto. Crypto wallets can be hacked and after that there's zero chance to return your money. Have you ever heard about hackers stealing a country's budget? That never happened, because these centralized systems have lots of transaction validation done by humans when an amount is large enough.

So if a corrupt political will want to steal money with crypto, he will just say "oops, hackers stole a few million, you guys know how it is, no one is safe from crypto hackers".

Also a lot of embezzlement happens through various schemes that simultaneously launder money, like ordering something for higher than market prices and then pocketing the difference. Crypto doesn't help here.

Banks are secured so our money will also be safe and secured from stealing. But that was just before wherein no records of reported accusations on banks having their client's money started to be zero value. Now that crypto has been more known and established, its security is even way more better than fiat. There may be reported hacks but its just very seldom. So most smart people nowadays prefer to keep their money in crypto because they are the one who will control and manage it. Unlike banks, wherein our money has been put into their custody and when the time comes that there are accusations on stealing, they always tell their clients that they have no access on our personal accounts so they should not be blame in the first place.

Exactly, we must also highlight the fact that with cryptocurrencies you are not being monitored by banks or governments, you can handle any amount of money without being told anything, without asking for permits and the best thing is that the transactions are fast and very safe.

The Fiat is good because we live in a system where it must be managed by FIAT, but with crypto you can make yourself more anonymous, the only way for others to realize that you have something is because you make it known, otherwise no.

And the biggest advantage of all is that you don't need a set schedule to withdraw your money or move it from one place to another, it is open and active 24 hours a day.

In general I agree with you on the advantages of crypto currencies, but there are still some issues which can be a big problem with cryptos compared to fiat money. The problem with volality is usually not so big for investors because like you said in general cryptos are rising and long term we make a profit from the volality. But short term this volality can be a problem. If we only get money in cryptos at fixed times, like our salary once every month. But our expenses are everyday, then big price changes can turn into a loss for us. Not all stores accept cryptos yet, for example when buying groceries we still have to convert our cryptos back to fiat money. Bigger short term price fluctuations can result in a loss for the consumer. That is why it is so important that more stores and companies will accept crypto currencies on the future.

It's okay to store your money in the bank if the purpose is just to save. There's nothing to worry that they'll freeze your money anytime if you're not engaged with illegal activities.

Usually court orders bank accounts if the owners of it have been dealt with illegal activities and it's proven by them.

AMLA and other things would be attached into it which isnt really surprising and its one of cons when you do deal up with fiat but when it comes to security then nothing beats out fiat with that on which you could somewhat
having that kind of assurance when it comes to reverting transactions or make out some recoveries or something like that which you cant really do with crypto but at the same time.Irreversible transactions is one of the
best things on where some people do matter the most and of course its anonymous and transparent where you could see anything on blockchain on the time where transactions do happen.
They do serve out different markets though and its always a good option to have.

You don't have to deal with them if you're just usually depositing from the smallest and not to go with the daily cap that the banks has set to trigger them to question your funds.

This is usual for those people that don't want an headache dealing with them and answering questions where might your fund came from.

You have to set amounts per deposit not reaching the cap if you're about to store money on your bank account.

I do like crypto over fiat, because I can manage my own finances. Because unlike fiat, which does involve a third party every time I make
a transaction, it sometimes makes the transaction process take a long time. That's why I prefer to use crypto when sending money abroad,
because the process is faster. Moreover, crypto is proven to be able to make money and is also anti-inflation, this makes me entrust my wealth
to be stored in cryptocurrency. Maybe I still use fiat because it is to buy daily needs, because in my country crypto is prohibited as a means of payment.

WUT? Blockchain technology is the tech behind the public ledger and how each block is mined on top of the last one. No central body controlling is means decentralization. The two things are not the same.

Not completely. You cannot track a person by their wallet address. You may be able to link them to someone but you cannot prove it directly. A lot more legal backing is needed to question exchanges and them to comply and give your data to them. So it is pseudo-anonymous.

Where are you coming from? If there had been no thefts of crypto or with crypto, they would not have made headlines in the past. In fact, crypto is being used to as a method to steal people's money a lot more times than previously.

Absolutely irrelevant to the discussion here.

How is the bank cheating its users? Where will you keep your inherited gold if you dont have bank lockers? Where will you receive your salary if you have a job? You have no idea of how the financial system works, it seems. If you want to spend your crypto and you dont live in a country which allows it, you will have to do  through a cross route of finding a buyer and then converting to fiat and then you are back to the bank.

but it can also lessen depend on the fiat Value of your bitcoin also depend in a certain moment that you need your coin.

In banks your 10$ can become 9$ but at least upon withdrawal it will be 9$ exact while in Bitcoin if the market dumps tomorrow your coin can become 1$ at low.

But of course if you will mention in Long term basis then really Bitcoin is Best than Fiat.

In the business world, you can observe that more businesses and entrepreneurs these days now accept payments in cryptocurrency in addition to the traditional fiat as well, to give their businesses a good digital face. A reason for this as well is to appeal to the ever increasing population of crypto users worldwide and ease purchase of commodities internationally, not like it is generally and in all situations becoming more preferable. There are some peculiar situations where cryptocurrency is the preference, there are other situations where fiats is preferred.

Agreed, and it won't be easy to freeze the bank unless it's related to illegal activities. Also, keep in mind that some banks will freeze your account if they discover it's related to cryptocurrencies. Saving is good because you are storing money in the bank, but I know some people will argue that if you just invest it in bitcoin, you will double your money in a year, which is technically true, but you are risking your money. What will happen if you lose? As a result, your money has been cut in half. If you don't want to hold or invest in bitcoins. Put it in the bank to save and use later, but if you have any extra cash, invest it.

I have been using cryptocurrency since 2017 and see how fiat money in relation to cryptocurrencies simply loses in its price and value. Of course, all this was preceded by many events, for example, a number of major crises, an unstable situation in many countries of the world, and now there is also a pandemic and an energy crisis. All this makes people look for both other sources of income and a replacement for fiat money. Cryptocurrencies are one of the solutions that many people and industries are already using now and get great results when those who still use fiat currencies see their fortunes decreasing every day. Cryptocurrencies also have problems at the moment, but the fact that cryptocurrencies are only increasing their strength and cost is pushing you and me to use them more often than fiat money. I am sure that over time, cryptocurrencies will become better and, as a result, they will be able, if not to replace fiat money, then at least become part of the overall global financial system.

I believe that the number is not even 1% what it could be. There will be a lot more people who will do crypto accepting as well but that requires a little bit more less fee and better tech as well. The moment it is very easy to do and very cheap and fast then it will happen. Right now we are having a lot less people accepting because there is a good chance that you are not going to be paying less, you are going to be paying a lot more since the gas fee is a lot more and there are a lot of waiting period in bitcoin as well which doesn't make sense.

We need to reach to a level where each transaction costs under 10 cents and takes less than 10 seconds as well, wifi or regular internet excess is something that these machines will require but that is fine. I believe the moment we reach those levels then we are going to be fine and we will get 100x more people accepting crypto.

The logic is totally understood in that comparison that he has given. Being invested in bitcoin will make you have the potential gains in a small period of time. While depositing your money into a bank account even it goes over time, you'll get a lesser value because of inflation.
So it's two things, in bitcoin, you have volatility, risk, and reward. In the banks, you have stability and lower risk. Two are really serving different purposes if you're just a saver or an investor.

No one set the price but the forces of demand and supply determine the price of Bitcoin and crypto currency all the time and is just the simple truth. Government of every country set interest rate and the money that should be in circulation and that has influence over faith currency but that is not same with Bitcoin because it is a general acceptable coins world over and it has a limited supply as compared to Faith.

But that reason does not prove weak, prefer crypto to fiat.
As my personal experience, in essence for this market, I still see it as a tool to develop myself more. I monetize it and find ways to use it more in my life, and the reality is that fiat is the last place where we're going to be active in real life.
The future may have many people believe in crypto and so do I, but we really need a lot more than thinking about it, more action to make it popular.

We use crypto to find a way to earn money aka fiat and so far, we already see that crypto is a new way that people can use to make money by converting the crypto to fiat. But still, many people do not yet accept bitcoin because they do not search for what is crypto.

Investing in crypto can be their way to make a profit in the future so that gives you a chance to accumulate from small parts until you think that is enough to invest in bitcoin or other coins. But when you save your money in the bank, you should be ready if the amount will not grow, even for a long time but reduced because you need to pay the fee.

If banks were able to freeze your account, then what's the real use of fiat if it can be easily controlled or regulated by banks or any government entities? The reason i guess why we should prefer crypto over fiat because there is freedom in crypto that we can't find in fiat. We are free to do whatever we want in crypto because its owner is the only one controlling it, unlike fiat that its backed by the government. And if given the chance that crypto will be use totally as a currency in the future, then its very convenient for us because we can use it either as a currency or as a profitable investment.

I guess the biggest reason for me is the banks. I am not actually against fiat neither, I am fine with fiat, the "idea" of fiat is not a bad one and I am fine with it. The problem for me is banks and I do not like banks. Which causes me to withdraw all my money from them all the time. With crypto I was able to actually end up with putting all my money digitally but not in a bank, that option was the greatest thing. I can't wait for the day when I could use crypto everywhere and I would not need bank.

There are some "cards" that we could use right now that would make it possible but unfortunately I do not use them just yet because they are not working in my nation. However the moment it works in everywhere around my nation then I will be forever non-fiat and will be full time crypto and that way I will be able to pay everything and get rid of fiat in my life.

I guess you really had a bad experience with fiat and banks that you really want to get rid of them totally.
For me, i'm not against with fiat because we really know how useful it is at the present but knowing it can be fully controlled by the government or the banks, then definitely from there its value was lost. However, with crypto, we are the owners of our own banks. So we all have the full control on it and there's no chance that it will be interrupted by the government or a central bank. And with crypto, there's a lot of chances that we can generate more profits because its also being used as an investment.

People do have different impressions when it comes to fiat and current banking system that's why they do really make out  those kind of sentiments which turns out to be that hateful but we know on how

reality works and we would really be seeing fiat would still continue to exist and crypto would really be just an alternative or serve out another market.

Preference is a personal choice basing up on what you do experience.

Yup, if we don't join this field, maybe we and many others don't know about it and they still think fiat is enough :) .
After many years of participating in crypto, I see many and wonderful things that the current financial system does not have, but the problem is we are still seeing that it is not for the masses and not everyone believes and accepts it. But anyway, to satisfy everyone is not the goal of this market, more important is what we who care about it are thinking :) .

That's the case for Bitcoin but that's the problem for different cryptocurrencies.
The other problem is the rush to being rich just because they think they are invested with a volatile currency.
Most of them forgot what the definition of volatility is, it means it could go your way which is up or not. The risk factor up until now is still too high when you exchange your fiat for cryptocurrencies.
That's the other thing they forget. "Risk". A high amount of risk for every coin that you pick and that includes Bitcoin in the list although it is the most trusted of all.

that's what makes crypto better in our eyes than fiat, but what is beyond our control is the eyes of the government that have not been opened like elsalvador, where the government has other views on cryptocurrencies, so it requires a long journey to fight for it. but along with the times, I think it can be resolved

Well people who understand crypto will definitly choose cryptocoin rather than using fiat, because it's decentralized system make it's unique and most of coins now can process a lot of transactions now and it will arrive at short time also ofc with low fees  :D. And the other things we will keep as anonymous when using cryptos despite a lot of centralized exchange ask for KYC nowdays, It's now mandatory I guess  :).

Many people dont live in countries that have accepted crypto yet. Even if they know and understand the advantages of crypto, it is a difficult process for them to spend crypto or buy it. But again this is a personal choice you say. Someone may not like crypto for whatever reason and they will continue to use fiat.

Fees should not be the point of discussion. Fees exist is all transaction methods, the mode and reason might vary.

Having done a KYC on an exchange in your own country is a good thing, according to me. You can sleep soundly because you know that the exchange is following government guidelines about taxation and is keeping track of the money going in and out of the exchange. This helps shutting out the money launderers. The latter dont seem to like this much, as expected.

One of the reasons why crypto is gaining popularity so quickly, because crypto gives users the freedom to control their own finances, without
the need for third party involvement. So that's why some members of this forum think crypto is better than fiat. Because it also makes some
countries tough on crypto, they don't legalize crypto as legal tender, but only legalize it as a digital asset. There are even countries that
completely prohibit the use of crypto, because they think crypto threatens the existence of fiat. Though crypto was created not to replace fiat,
but only as an alternative payment only. Maybe because crypto is still using new technology, so there are still many people who really don't
understand how crypto works. With time it is possible that many countries will eventually follow El Salvador's lead by fully legalizing crypto.

Many prefer Crypto over fiat in my country because it is fully legalized in the country. Despite fiat has more population in my country than crypto users in the community but many citizens are looking for way to learn more about crypto and how they can be part of the benefits other crypto users in the community are enjoying in the country. Even some uneducated people in the community are seriously looking for where they can be impacted about digital currency because they have seen the great achievement crypto users has achieved from the country few years government has made crypto legalized in the country.
Many still prefer Crypto over fiat because crypto is a digital currency that came to eliminate delay and errors from the world economy and other transaction in the world. Crypto is  not control by the government like the way government choose to control the price of fiat money in the country.

Apart from these cryptocurrency transactions cannot be forged central banks do not intervene like fiat currency cryptocurrencies have no inflation the number of these coins is predetermined, so they can no longer be printed like money. Different countries are trying to increase their purchasing power in the international market by printing more of their currencies openly or secretly resulting in a currency war un cryptocurrency this is absolutely impossible. Cryptocurrency transactions do not require any third party later transactions are easy and more profitable than fiat through investment.

There are lots of grey areas in your points taken in this post. When we talked about cryptocurrency, there are lots of projects come out of that. This is inaccurate. Lots of cryptocurrency has a centralised infrastructure that carried out the projects. One of the best example is BNB itself. It is managed and controlled by Cz the founder of Binance. However, if we just talked about BTC over Fiat, there's no doubt that BTC is much feature rich that old school foat. BTC has no needs of intermediary. Not centralised meaning no one has control over it. Has limited supply up to 21M only and it will never change. Unlike fiat that Governments can print it all they want.

Bitcoin is a better choice in so many ways than using Fiat. But a lot of people have reasons why they are scared to make use of Bitcoin, and I think one thing that scares them most is the fact that it is volatile. Though from what I have understood, these people wants to make profit, but they are not ready to take the risks for making that profit, they just want the money they put into a crypto wallet to keep increasing in value while they don’t experience the loss side of it at all.

These are people who are looking for quick gains, unfortunately it doesn’t work that way, it only favors those that are ready to have patience and plan themselves rightfully.

This means that they consider crypto as an investment, not in the form of currency. But if they are both considered it as a form of currency it surely they will choose fiat over crypto.

PROFIT is what they think and to admit that it was really profitable investment than any others but the risk is also high. However, we neglected to see crypto being used as a form of currency since it wasn't yet fully accepted globally. If only we are free to use that anywhere, I guess, people will still choose crypto as it was easy and fast to use.

One of the reasons is that people really love to use cryptocurrencies because of their having completely new technologies behind them. Fiat is so classic and people search new ways as the technology is developing very quickly these days. And as cryptocurrencies give people a big freedom to use them in whatever way they want. This must be the most attracting feature for people to use crypto.

But remember, a lot of people still prefer the traditional method like banking and using fiat. Not all are really into crypto. But maybe, more on younger generation as they want to test new technology. While some others are curious about its volatility nature that they do want to get involved with because of the potential high gain. But I don't generalize the population that they do prefer crypto over fiat, because in terms of global population who are into crypto, it is still small.

I don't totally agree on this , everyone in the world they use fiat money still more people use BTC even we BTC lovers still have to use the word BTC outbound transactions become digital money for us to use and pay for living expenses so i disagree with your opinion definitely that cryptocurrencies cannot replace or use more than money our daily numbers are .I don't mean to criticize or distrust BTC but BTC can't completely replace digital currency is true.

I think the simplest reason is that it is easier and safer, with crypto we don't need third party services such as banks so that all the money in the wallet is safe, cases of losing money in the bank are often heard and this is a strong reason that the need for money security is very important. we save is the most important thing, besides that if we want to move money then it takes a process and a queue so this is very tedious.

All you say is the reasons why cryptocurrencies should not be prohibited, is that no government can tell you how much money you should have, that is where freedom comes in, and financial freedom is much easier to achieve with the economy that cryptocurrencies offer, and that is something that no government will like, governments like to keep their people under their rules that no sheep is derailed, because that prevents their control and they invent that crypto is bad for money laundering and all those things that we they are accustomed.

The ways you have to be able to make a good exchange is to consider P2P exchanges, or through remittances.

Why crypto is preferred over fiats?
The answer is that cryptocurrencies have wonderful advantages that differ from fiat money managed by central banks and governments. Therefore, cryptocurrencies are decentralized currencies that preserve the privacy of any user and are not subject to any control, and are characterized by the fact that transactions are made in them at low cost and speed of transfers. One day, cryptocurrencies can become an alternative to gold and dollars, provided that governments set controls to deal with them.

I think every investment has that innate nature where their prices go up by taking advantage of time. That is why, investments are categorized as (1) short; or (2) long-term investments. Depending on the goal of a person, they may opt to exercise one or both of them depending also on your preferred capital.

What makes cryptocurrencies special is the manner of owning one. The convenience and the technology behind it surely guarantees the person that investing into such would most likely yield profit at the end of the trading cycle.

Alternative? Yeah that's the right word rather than to those people who do really believe that crypto could replace fiat which is really an impossible thing to happen and the reasons on why people
do love crypto over fiat is on this one;

1. Anonymity
2. Decentralized
3. Irreversible transactions
4. Transparency
5. Money making opportunity

This is why we are really seeing this number in terms of value because people are really interested
on this one.

well, honestly even though no one can control blockchain system , its still not a primary reason for it, on my though of course. Besides that , its fully controlled by u, if u lost it, no one can solved your problem, you have 100% responsibility of your money, and also the most important for me, never disappoints with the moving average always goes up if we look at it from year to year. that why stronghands always win, and this year, well , the next 2017.

Definitely. Well, I also prefer cryptocurrency over fiat because cryptocurrencies have wonderful advantages differ from fiat money managed by central banks and governments. The simplest reason why cryptocurrency is preferred over fiat is that it is easier and safer, with crypto we don't need third party services such as banks so that all the money in the wallet is safe, cases of losing money in the bank are often heard and this is a strong reason that the need for money security is very important. Plus it gives us full control of our wealth rather than letting someone have the custody of our own assets.

If we are here we prefer crypto over fiat, but we are in crypto, it's where we make/lose/invest/spend/do whatever we can do with money, and it's our world, sort of speaking. But people outside this world are still more for fiat than crypto, one of the main arguments (the one I hear most of them repeat all the time) is they can't see crypto, but they can see cash! I always try to explain to them the source of fiat, how it's made, distributed, I am trying to explain to them that corrupted system and how they support a specific system if they are using it! I also try to explain to them how crypto works, all the benefits of a better system! But they don't quite understand it, or they don't wish to understand it...

It sounds like you either don't understand what stealing is or you don't understand how Bitcoin works to come out with such a statement. Stealing crypto definitely is possible and it takes place every single day. There are websites out there called "mixers" which facilitate money laundering and will essentially accept your money, then pay out with a different batch of bitcoin to break any chain in the connection. It's not foolproof and if the mixer is compromised it can lead back to the original transaction, however criminal activities like these are common. Even a lot of ransomware uses cryptocurrency to request payment, the so-called transparency you talk about can easily be side stepped and made redundant from the perspective of an investigator.

The simple reason is because with crypto we can transact globally easily, quickly and at low costs, I've bought car accessories abroad several times and payment by credit card costs up to $25 per transaction, whereas with BNB it only takes less than $1 for a transaction .

This is certainly what motivate me the most in crypto. There's always chance of rising back except for shit coins. That's why anytime I see bitcoin dump, it motivate me to bag some more because its certain it'd rise back strong. So any dip on Bitcoin is an opportunity for me.

telling people is good but always explaining things like this to people who are in favor of fiat of course is quite a waste because the more we talk, the more reasons they don't like crypto will be.
but this is a natural thing because it is the choice of each individual and we cannot force our will to make people like the choices we make.
despite all that we still think crypto is a cutting-edge technology created at this time it's very good as for people who want crypto, it's a choice they make anyway.

I believe he meant something like in real life with fiat, someone could steal your wallet and take the money out of it. Most of the time our money is in our bank account these days and we rarely have any banknotes, so that is why I agree that it is still hard.

However the logic of basically having your wallet stolen is not something that is common in crypto, sure you could be scammed, you could get your money stolen in crypto, but it is not really that common enough to be compared to regular fiat. In regular fiat world we have people stealing money right out of your pocket and that doesn't happen in the crypto world. That is the type of stealing that doesn't happen around here. That is at least what I gather from it, don't know if that is what he meant.

There are still people who will always use and prefer fiats OP, people that are into crypto usually is to invest and save because in reality bank is just there to store your money and have word "savings" but in reality you didn't save any because you pay them to store and secure you fiats.

And bitcoins can be stolen too, not in the system. It can be stolen to those bitcoin owner who failed to secure their funds.

I don't really think crypto is more preferred than fiat in terms of being a mode of payment. I belive fiat is still the more preferable one most especially by the older generations and less fortunate ones. The reason why is because most of them aren't able to adapt from the transition due to their ability, old age, or social status. But im terms of being a store of value, I can say that bitcoin or crypto in general is the more chosen one because it is safer from inflation and people are gaining from it by just holding because of its nature which is volatility and it being a speculative asset.

Having any on/off ramp to fiat puts crypto at risk.  It allows for the same organizations and groups to control Bitcoin while also profiting off of Bitcoin at the same time.  (or any cryptocurrency)  The majority of crypto is stored on exchanges that do not give users access to their private keys.  Thus, they effectively own the Bitcoin and give you a 'note of ownership'.  This is eerily similiar to the way the precious metals market is manipulated.

TLDR : Bottom line, crypto is controlled by the same entities that control the fiat.  As long as fiat is exchangeable for crypto, and vice-versa, crypto will never change anything.

The simple thing for us to immediately switch to crypto instead of fiat is a risk factor, as we know that keeping money in fiat even at banks is very prone to being stolen, cases of theft of customer money are getting higher so that account owners are not aware, whereas with blockchain all transactions is transparent because it is easy to track.

the fact that the supply of bitcoins that has been pegged to only 21 million bitcoins is something that is very difficult for anyone to control and this is one of the characteristics that will not be found in fiat.
other than that, for now I still believe when theft and fraud, especially in crypto, are very numerous and need extra things to make our assets truly safe and avoid this kind of thing.
but this does not mean that fiat loses because indeed they also seem to have their own fans and there are even many people who prefer fiat to crypto, especially bitcoin.

I think this is the need of the times, transactions that can be done on the fingers of course make everything easy, while fiat which is very dependent on banks is something that has been left behind because users need new things that are better, safer and full control when making transactions and this is the reason us to welcome crypto.

Are you sure those fees where charged for credit card payments, or, rather for the shipment costs/custom costs? I wonder because I also buy things abroad from time to time using credit cards and I have never paid a fee of $25. Mostly $2-5 depends on the credit card issuer.

The simple reason why I prefer transactions with crypto over fiat is speed and cheap fees, I've shopped with cryptocurrencies and the results are faster, and cheaper, for daily use of course fiat is better because many outlets only accept fiat than cryptocurrencies.

That's certainly true, mate. No one can manipulate crypto's supply, as the network is entirely governed by its users. There's a reason why crypto is called "Decentralized". This means that no single entity has control over it. The same cannot be said about Fiat, since it's subject to manipulation by governments and central banks themselves. With crypto, you obtain true financial freedom. It's this reason why some people prefer crypto over Fiat. But even crypto has its limitations when it comes to making payments on a daily basis. That shouldn't be a problem in the long run, as the industry evolves at a fast pace. As long as there are people supporting crypto, nothing else matters. Just my thoughts ;D

The thing that makes me like cryptocurrencies over fiat is that they are easy to use, safe and of course the value continues to increase, this can be a very valuable asset that can fight high inflation.

The easy reason is that with crypto, all transactions can be easier to do, this is different from the bank system which requires the approval of the bank even though what we take or send is our own money, with crypto, full control of our money can be effective.

Personally, I think that cryptocurrency is a really cool stuff to be part of. When I started making use of crypto currency years back, it wasn’t really because of it being decentralized and not having any control at all, it was just because I felt that it’s a really cool technology and I liked everything about it and how it works and the fact that I’m able to send money to anyone no matter where they are in the world, and be able to do it at a cheaper rate than what I will have to pay when I’m making use of banks. It even took me time to realize that there was no one who controlled cryptocurrency, that it was just a decentralized platform that is simply on its own.

Decentralized crypto is what it makes more interesting than going into fiat that has high chances to end up being robbed not just when you're in streets walking around, or even when you put your money in banks and yet, stealing still happens because its not really true that banks are more secured than any other financial institutions.

But with crypto, its impossible that your savings will be robbed or stealed because its blockchain is very much secured and there's no way it can be controlled by someone or any group entities. Crypto has becoming very useful these days not just in sending and receiving money through crypto, but also making it as a retirement plan that is more safe and secured than thinking of fiat's retirement.

Not only with the transactions efficacy but as well the potential to earn a lot of money of it that's why many goes with crypto rather than fiat since if you only hold fiat you will just get hit by inflation and you cannot earn with it but if you hold crypto the possibility that your money will grow is there but make sure also that you choose the best crypto and also you know on what you are doing since even if how good the crypto is there's loophole on it or downside which can cause us money loss if we are not paying attention on what we are doing in crypto world.

The thing that makes me prefer cryptocurrencies over fiat is the ease of transactions, safe and of course low costs, if we shop online and use a bank transfer system it takes at least $3 for transaction fees, but with cryptocurrencies it only takes $ 1 or less.

That's the edge of cryptocurrency. It has its own characteristic and capability to grow and develop despite its volatility but we shouldn't disregard the fact that without the presence of banks, we still couldn't use crypto for our necessities since we still need more adoption.

Cryptocurrency is far more supreme than old monetary method which runs by fiats. I think the most important one is security. In the sense that each block in a chain is unique. Aside from that, you dont need to store it in a bank nor in your closet. All you need is a good hard ware wallet and thats it. Super secured. Another thing is its ability to trade easily. You can pay without bringing your thick wallets with you. Having a phone and data is enough.

Investors side, yes you are capable of earning decent amount if you choose crypto over fiat.

It's need to have a good understanding though, it's not easy as how many think about it, a wrong interpretation that this venue
is easy access to attain richness. You have to understand that the concept of trading is part of your investment, not an assurance
but more on your good knowledge and skills.

Not just by holding that you will earn, unless you will buy and save your Bitcoin for your retirement, the chance to grow is very possible
to happen.

I like Crypto more than Fiat because I can send money to all my friends despite their country! Nowadays it's easy for me to buy a product from abroad and pay with crypto using crypto payment gateways or pay crypto directly to my friend who will be helping me to purchase the product I need. Also, I like to use USDT-TRC20 to make all my crypto payments through Gate exchange becuase they charge 0 in transactions, but in my country, I would pay more than $10 fees when I bought a product online and pay via bank.

don't forget the important point, namely the profit obtained is greater than fiat :D
because the potential here is very large to make a profit, although it does require patience because nothing is instant and requires a process but crypto is a field to get income for me.
and this is a blessing for me because I can get to know the crypto world even though there are still a lot of pros and cons about this, especially in my country but as long as it exists and has not been banned I will still be on this path.

That's certainly true, mate. Most people are into crypto simply to make a lot of money. After all, some cryptocurrencies are deflationary by design. This means greater scarcity and demand over time. You don't get this with Fiat nowadays. While rewards on crypto are good, the risk of loss is certainly a lot higher than it's the case with Fiat. That's largely because crypto has unstable prices that could either leave you rich or poor in an instant. Depending on your needs, will be the type of currency to use. I wouldn't be surprised if more people use crypto on top of Fiat as inflation continues to sink the global economy. Just my opinion :)

Some people prefer cryptocurrencies over fiat because of its completely different nature. Cryptocurrencies give people a freedom to use these currencies like they are their own bank. There is no person that you have to deal with while making any kind of transactions. You have the complete control and this is really attracting for me and most of the people I guess.

Its still much better to hold crypto in long term rather than holding fiat. Look at crypto's return for the last 8-10 years and compare that to fiat's inflation rate. That would give you better insight on crypto return rather than comparing it to the short term roller coaster. Yeah we had massive drop from 18k to 8k or something in 2018 but overall its still much better to hold portion of crypto rather than fiat

We dont know on what future holds thats why we had able to say that crypto is better because things do already happen on which it did really have some significant increase of price which is way more higher compared when you do hold fiat.

Yes, in general sense then crypto would really be worth compared to fiat but of  course it would have corresponding risk because we cant be sure if a particular coin that we're holding is really making out some potential movement or increase in the future.

So its a matter of choice and risk taking.

you indirectly tell that here nothing is instant and it takes time to get something the best and I agree with this in the mirror with beginners who incidentally are newer people than me assuming that with crypto we can get wealth in a simpler way. instant. but it seems that is not true.
crypto is a very good potential but on the other hand here is risky and not as easy as one might think.
you have to be really patient to get something the best.

There are all sorts of reasons that people prefer cryptocurrency but I don't think you should claim there is only one. The vast majority of the world, probably more than 99% of people are still conducting their daily business with fiat currency and will continue to do so for a long time to come. Crypto does have certain advantages, like being accessible across borders much more easily, but it also has certain drawbacks (depending on how you look at it) such as irreversible transactions which means thieves can get away with crimes easier than in the current banking system. You're price fluctuation/fees comparison is a very poor example, because Bitcoin can go down in value much quicker and many banks would not have any charge as you suggest.

Although bitcoin also has advantages over fiat, there are disadvantages too. for bitcoiners, it might totally support bitcoin, but if you look at the reality, I think the role of fiat is very big. I don't think it's easy to replace fiat, but it's not something that is impossible with the development of existing technology. what is clear is that not many governments can accept it

Agreed, the truth is that some countries have banned bitcoin because they lack trust in the technology and do not want to be transparent. However, there are some countries that are interested in it. But I prefer crypto in terms of savings because you can earn money over time and it is difficult to get and spend your money, so it is really good for me in terms of saving because I am a kinda lazy person. However, for spending purposes, fiat is preferable because not all merchants accept cryptocurrency.

Crypto runs according to its own power, no one has control here everyone earns money by investing independently there is no intervention of the bank to save money. Many countries are legalizing crypto to increase its popularity but fiat is more prevalent everything can be managed without crypto but crypto can never manage fiat crypto is a good platform for investing.

The ones that banned it are mainly places that have harsh rulership. If you want to rule over a nation without giving them any freedom to get rid of you, then you will also need to ban them to use decentralized projects that take power away from you and give it to people.

This is the biggest issue with China for example, there is no possible mechanism to dispose of CCP, they are the only one and they will only be fighting to keep that power, there is no possible way to get rid of them and that is why they banned crypto as well, they rather have their people follow their path and not use some decentralized currency that may send money away to another nation so that they may run away with that money. If you end up losing power because of crypto then you are going to be weaker and the results won't be nice for dictators who lose power, hence why they are afraid of crypto a lot.

Its undeniable that bitcoin is used for some illegal activities before and we can't blame them to act like this since maybe they want to protect their people not to get scam on something they didn't know but one thing is for sure here once bitcoin spread and will always get a good highlight on mainstream media we will see those government who are away before came to check and adopt bitcoin for their economical use.

You are right, for now there are still people who prefer FIAT to cryptocurrencies, perhaps the reasons are pro ignorance, some because they do not agree with volatility, others say that it is too risky an investment, in countries with high inflation the BTC is the ideal way out, since they are always protected against all inflation and as their local currency falls due to inflation, the BTC raises the value, that is, in a country with economic differences and high inflation, the BTC is the best way of constant savings no matter what happens in the world, this is one of the things that can be taken advantage of the most from BTC, and this has made the improvement of many particular economies.

IMO, its undeniable that crypto brings more convenience and more profits for people today. As a currency, crypto is more convenient to use because it has faster transaction than fiat and the transaction fee somehow is cheaper than fiat, although some are also quite high. But as investment, crypto has higher value than fiat so if you come to invest in crypto, there is higher profits that you will yield than fiat. Although its more risky, but the profits is also worth taking the risk. And lastly, crypto is decentralized so the owner takes the full responsibility to manage his own finances while fiat is totally controlled by government and banks and whatever transactions you made, it can be traced by banks so you won't remain to be anonymous.

^ Overall, we cannot eliminate one of them, though they have different functions, still, fiat is good but crypto has a betterment than fiat. You cannot buy 1 candy using your cryptocurrency and yes crypto is good for transferring worldwide. There is no reason we are comparing them, both are good and have their own advantages and disadvantages. Nevertheless, we don't know what will be waiting ahead, but for sure fiat will not be vanished by crypto since there are many that want to use fiat.

As long as there is decentralization in crypto and fiat is centralized, there is really no discussion about which one is better for us. It is obvious that Crypto will always be better and inherently so.

Definitely there are some crypto which is centralized, like bnb or xrp or bch or whatever but at the end of the day there are decentralized ones as well so you could always focus on that. I believe that the power that people have with crypto can never be matched by fiat. So, obviously people will prefer to have power than just being to be relying on others for financial needs and purposes.

The best advantage of crypto for me is that the transaction fees are cheap, practical and fast because it is digital based and also does not involve the government and is completely self-controlled.
and besides that crypto also has its own freedom because it does not have access or is affiliated with bank and this benefits the owner because we can transact with crypto anytime and anywhere without having to wait like bank hours when transacting, and many other reasons that I think crypto is far away better than fiat and the two exist to complement and not eliminate each other.

Blockchain and bitcoin both cannot give us complete decentralised experience because blockchains are open ledgers, transparent except for coins like monero and bitcoin transactions are transparent, making it pseudonymous till we take every possible step to remain anonymous. However, you said true that btc's value does not remain stable and that is the innovative part because the value of our money increases if it is invested in cryptocurrencies, but fiat remains the same and after charges, it only reduces. But we 'invest' in crypto because cryptocurrencies are like stocks and not currencies, so comparison is not possible.

You are right, for now there are still people who prefer FIAT to cryptocurrencies, perhaps the reasons are pro ignorance, some because they do not agree with volatility, others say that it is too risky an investment, in countries with high inflation the BTC is the ideal way out, since they are always protected against all inflation and as their local currency falls due to inflation, the BTC raises the value, that is, in a country with economic differences and high inflation, the BTC is the best way of constant savings no matter what happens in the world, this is one of the things that can be taken advantage of the most from BTC, and this has made the improvement of many particular economies.

I don't prefer cryptocurrencies in the way you're mentioning, the exact opposite thing can also occur, I don't get why people only expect its price to rise. The reason I prefer cryptocurrency is because it enables me to earn, invest and save money without having to declare them as an income. This way, I've got something similar to a savings account, in ny computer, and no one knows about it.

For me Bitcoin is most prefered to investing because the volatility of this , so they can profit more. But in other ways fiat is also preferred in real world. Saving Bitcoin can sure you more profit than saving fiat but if you want cash you sell the little save in Bitcoin to get fiat. Means this two is important to us ,this is my opinion its either you want or not ,that is ok.

Yeah, fiat NEEDS to have centralization, otherwise what's the point of it? Governments needs to have some power over it so that they could control it and if they can't control it then it would draw any nation to chaos. So that means, if you look at the data in hand, there is absolutely no way that we could end up with fiat being better than crypto no matter what happens with fiat, only if crypto becomes more centralized (even personally I am not seeing that is possible but when Elon Musk kind of billionaire tries to take control of one coin then I am afraid about its possibilities).

This two are important although,the rate at which bitcoin is been used lately is tremendous....no wonder government places banned on all of this at some of the countries growing.
Although bitcoin is fast and it's volatility rate,also bitcoin seems to be a great asset in the future.
Fiat is a major means of exchanging valuables,but humans are okay with the rate at which there money is not been controlled by bitcoin.

Fiat is always going to be preferred by most because it's the traditional money that we've been living with. Unless there's a bigger mass that has been into cryptocurrencies as a medium of exchange but to this date, it's more of a valuable asset than money for payments.
We do need cash and that will stay as long as the government that we're living in doesn't prefer crypto to flourish as a means of payment or they could do that but just as the secondary payment method.

In what way is crypto preferred over fiats? In real life, people prefer Fiat over cryptocurrencies.

So, it's almost impossible for crypto users to steal and hide their identity? Haha, so hilarious, because this is the reason why crypto is blamed. The thing that you talk above is Elite corruption, in crypto, word elite doesn't exist.

Chances of rising is higher in crypto, I have never seen USD gaining value, it only loses as time goes but the chance of losses is very high too. And you know what, this is very unpredictable and when you need money in everyday life, you can't rely on that. If the invested amount of money is somthing that you can afford to lose and just ignore that, then sure why not to risk?

Really hard to believe on that fiat would cease to exist or simply be replaced with crypto because even though how much we do hate centralization but still we do much prefer

on using up fiat no matter what and of  course it does have those things which cant be found on crypto but somewhat  you could really tell the big differences between the

two and i dont know on why people are really fan of presuming out things that it could be replaced which is eventually a very impossible thing to happen.

It won't stop in existence because even with the digital experience and upgrade, there will be an adoption that would still come to fiat and they'll be making digital fiat which has been also there. Well, crypto has been assumed that it will replace fiat before and even until now.
Many of us have believed that it will be like that until we've come to the understanding that the market is becoming different and has a different path of being an asset.

The main advantage of crypto over fiat is that crypto is completely uncontrolled. There are centralised platforms such as CEXes that have a head, but you don't have to interact with them as there are alternatives such as DEXes and so on. So we are completely free to run any transactions we want, to send any sums of money to anybody we want and it is really valuable.

You know why I prefer crypto over fiat, simply because I earned a lot in crypto rather than working eight hours a day with a very small minimum salary. Although we still need fiat, Crypto is now my best source of financial help for my family’s needs. Hassle free and you're the only one responsible for your assets.

It's been realized that both will continue to exist no matter what. Crypto now is more on investment is most of those supporters use this venue to earn from trading and not really focus on the currency usages.

Those past believes that Crypto may replace fiat is not being talked for quite a while, instead, fiat versions or alternative inside crpyto
market to represent fiat usages.

We need to accept things if there're adjustments to undergo but at the end of the day, as investors/traders, we always value the potentials.

The main reason why I really prefer cryptocurrency is that money can be transferred from one part of the country to another part easily without the use of third-party, currently in some countries now if you are trying to make international transactions its always discouraged due to country policie but with the help of bitcoin and cryptocurrency in general transactions can now be made internationally with less stress and less transaction fees compare to fiat.

The truth of the matter is that even though everyone understand crypto and its features, still not the whole percentage of people would be willing to invest into it.. The whole percentage of people can never go in one direction.

I support you in that motion, money that they had to pay me from Canada, they sent it through Bancolombia, and from Canada there was no problem, the problem occurred in Colombia because they called the account holder, they began to ask him about what reason they sent the money, that the direct transfer option was not activated, what are the origins of that money, the truth is that it was done at that time that the same bank returned the transfer to Canada, it took 15 days in that unsuccessful process.

When the money arrived at the Bank in Canada, the person sent it through BTC and it was immediate, then from there it was much faster to take it to fiat, obviously in Venezuela people do not know much about BTC, but when Zelle falls or eliminates , I think that BTC transaction volumes will increase remarkably.

Here are some of the reasons why crypto is preferred over fiat:
(1)  Decentralized currency: many crypto users preferred crypto currency because is not control by the government. It pump and dump without the approval of the government in the country.
(2) Economy improvement: crypto currency has helped many countries that made it legalized in their community to improve their economy that covid-19 virus has collapsed few years ago in the country.
(3) Educated : Many crypto users are educated people and they have all the requirements to make some reasonable income from cryptocurrency .
(4) Easy to spend : crypto is very easy to spend in the market compare to fiat that is only accepted within the country.

That is the best reason you can give, in fact in a country with high inflation if investing in cryptocurrencies is a very safe way to earn, even if it is invested and the currency falls, when changing to local currency the person is earning more money still, this is one of the consequences that high inflation or hyperinflation can generate.

Of course this is in countries with problems of this style, everything must change if it is taken into account in a country with a much more stable economy where there are no inflation rates, cryptocurrency investment is usually somewhat more dangerous, but nevertheless to Despite this danger, I think it is very important to take that risk, since it will give more profitability than putting the money in a bank.

You can't take down an established monetary system backed by powerful entities (mainly banks and governments). Fiat will always exist because it's endorsed by the government. Crypto, on the other hand, could disappear if people stop supporting it. It may be decentralized, but it's not "invincible". Bitcoin has done well since its inception, so it'll probably live alongside Fiat for many years. The same cannot be said about other cryptocurrencies, since their blockchain networks are smaller than Bitcoin's. People will ultimately decide which type of currency (crypto or Fiat) to use from the other. What matters is financial freedom. As long as people are able to achieve this, nothing else matters. Just my opinion :)

Fiat money and bitcoin have different functions and roles, and of course both also have their own advantages and disadvantages. when it comes to earning or investing of course bitcoin is superior because the value of bitcoin can grow quickly, but when it comes to fiat money payment instruments are clearly superior because the highly volatile value of bitcoin makes bitcoin unqualified to be a means of payment.

Well, that's a controversial issue, I've seen some services promising such kind of international transfers/services, but not sure how well they perform. In such instances, cryptocurrencies are probably the ideal way of transferring money, fast and most of all, anonymously, providing that both ends know how they work and how you can cash it out.

Mine wasn't really fiat, it was because of banks and government. I am not sure if I would be into crypto this early in time if I lived in USA for example, but I got into crypto very early during 2012-2013 because of my government and banks. When your fiat becomes something worthless then you start to look for alternatives and crypto was a great thing for me during that time. It allowed me to take my money away from banks and put it in my wallet basically, and allowed me to take money out of my fiat and put it in something else.

This is how I got into crypto. If I lived in USA, then dollar could have been fine and government is fine there as well, not great but better than mine, and I would be able to store it in some fund and let it grow.

Indeed. Fiat is the normal transaction been used by so many people, we can't even deny that but, I think people still choose cryptocurrency because of it's security. Well honestly fiat is very convenient which any stores accept it. I also think that many people nowadays didn't even know the existence of bitcoin or maybe they heard it a lot of times but always think it was just a scam that's why they prefer fiat over cryptocurrency. But if ever they know cryptocurrency, I think they will also choose this over fiat. The simplest reason why crypto preferred over fiat is that Bitcoin is easier and safer, with crypto we don't need third party services such as banks so that all our money is safe. We heard a lot of times that there's a lot of cases in the bank that they're losing a big amount of money and this is a strong reason that the need of money security is very important.

The main reason that comes to my mind first is that cryptocurrencies are not hindered by a trust rift compared to fiat.  Constraints, dependencies and domination are far from satisfying human freedom.  Fiat is not completely gone, but it will redirect the currency into crypto in the future.  Of course, I'm not talking about the value and significance of that.

Cryptocurrency is decentralized, and people can freely control their wealth. The fiat currency is issued by the national central bank and is subject to their supervision and control.
But cryptocurrency also has certain risks. The price of cryptocurrency fluctuates. Although long-term holding will make good profits, the price drop can easily cause panic and sell, and ultimately cause economic losses. There are also some users who use cryptocurrency for some illegal activities. The legal currency is relatively safer due to the protection and supervision of banks.

The simple reason is because currently we have to transact around the world and using fiat is no longer possible, as we know that nowadays the necessities of life must be met in various countries so that the presence of crypto makes it easy to transact globally at a low cost and certainly faster.

Cryptocurrency realizes economic freedom, allowing users to freely control their wealth. Cryptocurrency is decentralized, it will not be supervised and manipulated by banks or any institutions, and users are completely in control of their personal property. And cryptocurrencies can be quickly traded without going through a third party when transferring money across countries.

the benchmark price of an item will still refer to the value of the currency, if you buy goods with bitcoin it will certainly make the value of the item uncertain (following the price of bitcoin). let them function according to their respective functions because they will coexist with different functions and ways of working.

If it's so simple, then how come that not a lot of people are choosing crypto over fiat even if most of the people has some knowledge about it? Shouldn't the ease of using it or the convenience that it provides make people choose it over fiat more than anything else which most people do in other things? I think that the claim that more prefer crypto over fiat is a bit over the top.

Absolutely right. Bitcoin is the only crypto currency which is most decentralized, limited supply of 21 Million  and almost hack proof currency, rest of all are centralized including Ethereum   though it is 2nd Top currency on coinmarketcap with strongest use case but has unlimited supply of coins. It is most well-established, open-ended decentralized software platform and mostly used for creating smart contract, apps, dApps and NFTs.
 

https://medium.com/swlh/ethereum-isnt-decentralized-and-other-myths-ef2d132ee1fe

the other side will say that fiat better than other, its like people have own opinion. and i think both of them have different function, they have own power to crack things we need.


agree, these two thing cant be compare each other, you can do something on this one, but you cant do to the other. prefer to do what the best they can do for us

But we cant really deny that there would be always that fiat which do have advantage over crypto even though its centralized but yet we've been using this system through ages and we are get used to it.

And now that crypto had existed then we do have at least some options to deal with decentralization or something that we do have in full control
which means that it would really be depending on someones preference on which one they would really be dealing.

But for sure that fiat would still exist no matter what and crypto would always remain as an option.

Owning a bank by yourself, this feature really got the attention of those end users who learned about crypto.

But no doubt fiat still the one that mostly used even the existence of crypto or other digital forms of currency,
trust with this old system is still considered by most people around.

We might see other people who will embrace and adopt crypto, but the majorities stay with how fiat centralized system works.
They will continue believing and working with the government.

I agree with you it's better to save in crypto than in the bank in 1 month we only get a bigger discount than the savings interest if our savings are at the minimum bank rules, different from bitcoin and other crypto even though the value of one coin is reduced but the quantity remains the same you can go up again without a tax monthly

A logical reasoning I will give why Crypto is preferred is that you holding your money in the bank last ten years and withdrawing it this year can only add 10% increase  even only if it will reach that percentage but money invested into crypto the last ten years into a potential coin if by now you have not gotten thrice the money, you would have multiplied your input.

I agree with the OP on some things but I also disagree on some thing. We all know that not all crypto is decentralized as there are quite a lot of centralized crypto where it can be controlled by the owner and I hope the OP doesn't misunderstand that.

When we compare crypto (bitcoin) with fiat, the decentralization of this crypto is the main thing that is highlighted where this is the virtue of crypto itself. But if you compare it in the context of profiting from it (investment) then don't ignore the risk involved in that investment. The bank offers you a small interest compared to the potential profit you can make from crypto just because the bank guarantees the safety of your fund without fluctuation. While crypto is never stable and will continue to fluctuate where you alone manage, secure and minimize the risk of loss. I love crypto investing, but I can't completely eliminate the function of bank in everyday transaction. It really depends on the individual decision.

In this life, no matter what you do, there will always be the Thomas doubting, they will never try because they are influenced to be in that state till they live the earth. This is why many will never try to invest in cryptocurrency, there head will remain in fiat world state.
Again, no matter how we try to push for cryptocurrency adoption, the government may not show the hate toward decentralization but will do anything in there power to regulate it so that many wouldn't want to be there.

Yes, in that you are absolutely right, the truth is that BNB has grown very fast and many of us have been surprised, in fact not long ago the price of BNB was around 340SD, and it is something that said that BNB was somewhat expensive , but now at the levels that it has reached that I think that even 1000usd is very likely to happen, in addition December is approaching and by nature everything goes up in price, if BTC continues to rise in price the altcoins and BNB will continue its bullish race.

I think the simple reason is the ease of transacting online, as we know that nowadays we need a practical payment system because crypto payment systems are easier, faster and of course very cheap compared to fiat.

There are many innovations in everry field bt we use fiat since centuries,I can approximately to see why individuals chooses crypto over fiat these days, was opportunity over control and control extraordinarily fiat bank system. People think that way in case they're learned around cryptocurrency, but for those who didn't have mindfulness approximately virtual money. In any case, it'll not illuminate the fundamental issue of centralized money since it was administered by controls; that's why we continuously confronted challenges of inflation.

That's not always the case. I wouldn't say crypto is easier than Fiat, simply because it requires a certain level of knowledge to be able to use it properly. Not everyone is tech-savvy anyways, so Fiat would be the preferred choice for day-to-day payments. Unlike Fiat, crypto has an extremely-limited transaction capacity. If network load is high, fees on crypto will be a lot higher than it's the case with Fiat. Volatility is what kills crypto's ability to be used as digital cash.

For some people, crypto is preferred over Fiat simply because it's decentralized and censorship-resistant. But for others, Fiat is the preferred choice because of its stability and widespread acceptance. At least, crypto will get to live for generations thanks to the ever-growing community supporting it every step of the way. Just my opinion :)