Bitcoin Forum

Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
So we buy  house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair ...but we dont care life is not fair.
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc

Going all into crypto is not feasible at this moment. Majority of stores and merchants do not yet accept crypto and that is just the half of it, the volatility in crypto means you will constantly be checking the market value before making any purchase.

Cash would be one of the most valuable currency during war time. Bitcoin is more useful to carry assets on you, but you would have a hard time finding where to spend bitcoins during war.

Now the price of most of the altcoin was almost zero change.Their was a change of 3-5% in the price, it was both dip and pump in the price of bitcoin and some trusted altcoin.The value of dogecoin was reduced the huge value.Most of the dogecoin investors was in confused stage.Whether to sell or just hold for further. As the support for dogecoin by Elon was not quit yet.As the situation of Gas was worst, it having impact on bitcoin too.

Just to clarify, the war is in EU though, so maybe there is some impact on other countries, but I don't think that majority will go full crypto because of it.

Maybe there are some individuals who are already 100% in crypto specially bagholders who have witnessed how the market from the beginning and how it involves, but for the majority of us who has been in the game for like 5 years or less, they could be still in the fiat because it is readily available.

You're ready to go all in but the world isn't.

It's still the reality that has to sink in that the world is not yet fully adopted to cryptocurrencies. Even we're all for that but how are you going to buy your goods and needs in a supermarket if they're not yet accepting bitcoin?

That's just the simple logic and reasoning that you have to think of. There's still a lot of stores that are not aware of it especially stores that sells our basic needs.

Every person has their own preferences when it comes to investing their assets.
If you highly believe that the time will come for example doge to be very valuable, why not?
We are free here to make our own choices when it comes to investments.
But even if we say a lot are discovering the benefits of crypto, still, I don't think countries will abandon their own fiat over crypto.
We should be grateful that crypto is being recognized now by a lot of countries as part of their financial system.

There might be a future that fiat won't be used anymore, but as of now we must not go all out on crypto. We couldn't use crypto payments fully functional, as there are so many stalls that don't still accept them. If someday they will, then maybe that is the time we convert our fiat to crypto, but not full, maybe around 90% if I will choose. We might never know, even the crypto market goes down, we can still have 10% left for us to use right.

Or indeed any of their threads.  Everything 325btc/polo7/cryptoboss2020 posts is utter garbage.  I've sat on chairs with a higher IQ than this imbecile.

Even if people could get paid their wages in BTC and in turn pay their taxes in BTC, it's still not great advice telling people to go all-in.

The whole purpose of bitcoin is to provide an alternative to cash/gold. Legal tender laws and forcing people to use a certain currency defeats the purpose of why we have bitcoin in the first place.

People should be able to pay with whatever they please. While yes, a world with crypto only payments would be sweet, it's simply not feasible at this time. There are far, far too many people that are clueless as to how to work a wallet or any piece of crypto-related hardware. Education and time will solve this.

No buddy, fiat money is still very important to our lives, it is necessary and inseparable. It's true.
Crypto needs more time to completely replace fiat money, crypto has many limitations as many shops, restaurants, and many services are not willing to accept it. Volatility, transaction fees, transaction processing times will make it difficult for us in daily transactions.

Please start with yourself, you can sell your house for 10 doge to reset the price. If you're okay with that, you're prepared for unfairness whicj at the same time someone might peg that value for a glass of juice. The 10 doge you got will get the equivalent price of a house along with the market volatility.

I'm pretty sure if the crypto price reset will be done globally if someone is willing to start, because we are decentralized. ::)

This can be considered as future prediction of Dogecoin but come to reality isn't possible.


If looking out to get reset by market then your really ready to into crypto's as many considered now to be right time to acquire most of the reliable and crypto coins out there in the market. Talking of fiat, it is accepted everywhere but present there are some countries that doesn't accept it.
Cryptocurrencies have been helpful to us as the early adopter.


That is my point of view, though this depends on the countries we do resides

Good to hear that you are ready to go full into crypto currencies. I am not yet ready, because most of my bills are still in fiat money, even a loan I am repaying is also in fiat. Same goes for my salary. That is why for daily life I need to stick with fiat for now, but for my investing I am also full into cryptos. Haven't really bought any stock or other investments since I am back into cryptos. Especially now cryptos are so desirable because they offer much better inflation protection that our Fiat money. It still important what kind of crypto coins we are going to buy. Right now 10 doge coin are worth 1.11 USD, going up to 500k sounds a bit unrealistic to me. Doge is still a meme coin, so if they could go up to $1 and hold that price for a while it would already be amazing. Better not to invest all your money into Doge in my opinion. How about you spread out your money across a lot of different cryptos?

while it is correct that the war might bring Fiat non worth at all yet the chances are Tin , because this war won't extend outside Russia and Ukraine and i don't believe about WW3  coming so it is exaggerating comment to tell that Fiat might not used in anyways .
I thinj the word "ALL IN" is not indeed what OP can do, because if this fails him? then surely He will end up nothing but to Cry the rest of His life  ;D

If I were in your place, I would not be in a hurry to get my hopes up completely on cryptocurrency. You are right about the unstable situation in the world, and cryptocurrencies can go down significantly or of course they can go up. But if you are hoping for the second option, you should always keep the first one in mind. Because you can get into an unpleasant situation when you need money urgently and you have invested it and the asset has fallen in value. Only buy cryptocurrency with money you can afford.

Unfortunately this forum is a tiny part of the world, assuming we here in the forum are all ready to go full in crypto, the rest of the world will not be. You want to make purchase in crypto but most businesses are not accepting it yet, at the end of the day, you can only go with what the majority accept.
Fiat is losing value but it is still the currency of the vast majority. You can only deal with the situation until such a time when that actually happens, the war won't linger on forever, even though crypto has played a vital role in this war, there are still several limitations.

Yea no, that's a dumb idea. Even if crypto adoption was to increase, I still think fiat being left behind wouldn't really happen, or well, the government wouldn't exactly let it happen. Yes, Crypto adoption may help in trying to make usage of crypto in most expenditures happen, but in the end the centralized fiat would probably be improved upon and still be a top option when you consider convenience in the future. Not to mention that in the current scene of things, merchants who accept Bitcoin are way too little, not to mention most of them are big companies instead of the daily necessities type of stores.

Right now the most affected by the war would still be the Ukrainians and the Russians. There is no harm in converting some of your assets into bitcoins, but going all in would still be pretty sketchy at this moment since the world is still reliant on fiat currencies. You would find it hard to buy necessities using bitcoins at this point, and it's mainly for storage of value too. It's a smart move for keeping assets, but somewhere down the line you would need to convert to fiat if you want to buy some thing still.

This is going to take a lot of time yet still. I’m not saying I’m against this plan, but it’s just not feasible yet, it’s going to take time as Rome wasn’t built over night. Also I’ve got some need for you, 10 doge coins is never ever going to be worth $500,000 lol. Bitcoin was and is still the number one coin to own and that’s not going to change anytime soon either.

As much as you want to totally transition from fiat system to cryptocurrency, there are still a lot of things to consider. Not everyone is ready for this conversation since not all of us are capable of doing so. In addition, fiat and crypto exist for a reason. These two are completely different from each other and has their very own purposes to take care of. If you can abandon fiat for good, then good for you. But unfortunately, other people can't do the same thing instantly as much as they want.

It's good to have crypto as an alternative option aside from fiat. If things go haywire in fiat system, you can just switch to crypto because you have a back up. In case sanctions happen, you can freely use your assets because it won't frozen by central organization. However, this has its advantages and disadvantages. If someone is to switch completely and ditch fiat, he must be aware and should welcome the risks that come along with it such as price fluctuations. You see, living in crypto isn't going to be rainbows and sunshines because it is volatile. Some days you will have so much, and there would be days you could have so much less compared to the amount you originally owned. In addition, transaction fees and processing fees are not really much consistent. And not every establishments really openly accepts crypto payment methods.

Someone must weigh the pros and cons before doing so. Otherwise, he might just regret it. After all, i still believe that fiat and crypto can coexist. There shouldn't even be a competition actually against each other because each serves their own purpose to their target market.

In practice, you'd probably have to live 'off-the-grid' because utility companies generally don't accept crypto yet, but then that's really problematic in some jurisdictions.  Because they claim you aren't abiding by certain health and safety or environmental regulations for how you'd handle things like electricity and waste disposal, some nations effectively make it illegal to live off-grid.  It's a pretty huge decision to isolate yourself from the rest of society like that. 

No, I don't go with you.
Yes, Cryptocurrencies adoptions are quite growing by now but not all corners are accepting it, they still preferred fiat money. If we push this to be going, we are likely taking more risks. The moment will come sooner but moving it now to crypto leaving fiat, wasn't the best thing to do. It wasn't the time yet. I disclose to what happens to Russia and Ukraine, not enough reason why we have to fully switch. Banks and many establishments are still accepting fiat money unless they are not as it leaves us no choice.

It's of the risk side going into crypto fully without having something else to back it up(fiat) when crypto goes into the blink(zero). The Crypto future is unpredictable. You need both in case the unknown happens, you will have what to fall back at.
In our daily lives, we make more use of fiat than crypto. Crypto is not widely accepted, there are things you can't buy crypto. Abandoning fiat and focusing on only crypto means you do not intend to survive.

We cannot deny that our world is in the modern and new generation and when it comes to the future there is a possibility that all transactions will be cashless.

Especially since we are still in a time of the pandemic. So many are taking care now to get infected because we can also get infected with the disease by holding on to MONEY (FIAT) because we don't know who is holding on to it before it comes to us. And there is also a big chance that our investment will grow more if we use crypto because there is a chance that the value of crypto will increase as long as we do research and study the crypto well before investing because there is also a big risk of bankruptcy. invested in cryptocurrencies.

But there are also many things to consider before becoming a cashless society. First of all, the people in the mountains or provinces are not familiar with the use of modern technology and do not know cryptocurrencies. Second is the Government because the cryptocurrencies have their own bank called a crypto wallet, and it has no physical figure and it is used in different parts of the world so the government has no leverage and tax revenue on crypto. Unlike a bank, that benefits the government a lot and also pays a lot of tax.

In 2017, I went in all in crypto, by 2018/2019 I was already broke  with threat of eviction from my landlord. Last year, I bought some hardware wallets to save some stablecoins for a day such as this and it has been paying off. I am not going to sell my crypto assets at loss until I lambo again with them.

Crypto is getting brighter while fiat is getting more and more problematic, the latest thing is what happened in the USA where inflation always occurs so that it makes public trust to save large amounts of money to be afraid, crypto is always dynamic and has the opportunity to skyrocket so it is feasible to switch fiat to crypto.

Inflation is on the other side of the corner, if fuel goes up all the other product prices will go up either.

Sadly still easier for people to move fiat than spend cryptos, I mean, you can't pay the bus or the uber with cryptos, and there is a lot of things that you can't buy with cryptos, for that we need a massive adoption.

The world is not ready to give up fiat, fiat is still part of the world. We still need fiat to pay our bills, go to the market every day even our salaries are still paid in fiat because nobody wants to take their wages and then their value will drop when the market volatility.
Currently, crypto are used more as a tool of speculation than as a means of payment, so it will take longer to mature. Should not be too hasty.

I'd do it if the level of crypto acceptance was satisfying.

As long as I can't rely on crypto at every point of life I won't be able to live without fiat. Imaginary situation, you drive a car to a neighboring town and it breaks. You call for assistance, they mainly take cash, sometimes they will accept a card but from my experience it's rare. They'll rather write you a bill and wait for you to wire money. Same with mechanics. They only take cash or card and you with your bitcoins can walk home or call a friend to pick you up. That's the reality of going all crypto.

Maybe someone is ready to switch to using only cryptocurrencies, but the vast majority of the world's population is not ready and I'm not sure that the situation will noticeably change on this issue in the near future. Now, for example, in the war zone between Ukraine and Russia, in the temporarily occupied territories of Ukraine, mostly only cash goes, because the banking system is malfunctioning. Periods of natural disasters, man-made disasters, even military events happen quite often, and in this regard, high technologies fail. This cannot be ignored and cash must be in circulation as the easiest and most reliable way to make any transactions.
Cryptocurrency, as we have repeatedly seen, can walk in society only along with the national currency of states. Everything else is just fantasy.

It is very early to leave fiat and get into cryptocurrency completely. It is possible to have a living access with cryptocurrency alone, but the same isn't possible in all location. The war have made people to look upon cryptocurrency, as the inflation with fiat keeps rising. In words it is possible to say crypto alone is enough, but the reality differs.

Crypto was the long wanted option for the transaction among huge people.But due to the huge variation in the price of bitcoin.Some country feared to take it as their fiat.Now due to war again huge dump in the bitcoin price.The only way to reduce such thing is to stop the war.When the war was stopped, their was huge pump in the bitcoin price.Holding till the pump is essential to get huge profit.

I feel like the current fiat finance system is quite similar to doge coin in a way, If the controller of the project/goverment wants to print more currency he can do so as he pleases. But as for fixed market cap coins i feel like they're the ones that actually make this system fair because you can't print more of it out of thin air. People are slowly realising that the current fiat system is flawed and has been all this time. As everything goes moves towards crypto it's important to take the time and find some projects that you're really into and invest on early. I've been eyeballing these two projects myself for quite some time now and was wondering if anyone has heard anything about them ? First one is $ENGN who has a really unique blockchain implementing system that allows non-blockchain games to be implemented on the blockchain without the need of rewriting the whole base code. Plus they're releasing a new game soon that looks like Fortnite on steroids judging by the gameplay trailer. The second one is Lunafi which caught my eye because of their plans to bring safe gambling to metaverse with Yield farming which gives you annual rewards every time someone makes a bet on #Lunafi. I feel like metaverse is going to explode at some point better keep an eye on all of it's corner earlier.  8)

As always DYOR!

Fiat currency can never lose values totally but the problem is that to extend if their is crisis between countries and people vacates from one geographical environment to another at such moment fiat currency will hard to cash out because of inability of banking operating to release fiat for purchase, but a situation where by you have Bitcoin you can as well purchase good's or food items with bitcoin for a country that is civilized and accept Bitcoin for exchange of transaction, Bitcoin will be available everytime both at both for war others

Lol, experience is the best teacher, I bet what you bought in 2018/19 if you held without selling them, they would have made you good profit this past weeks of the market bullishness. It is good to have stablecoin set aside for times when the market is down, but holding just stablecoin in your hardware wallet will not increase in price except you are staking them.

When the market is down there is no reason to sell, (the good ones of course) those are the mistake some of us has made because of lack of understanding, but things have changed, the most important thing is hold assets that are worthy and can be around for long term.

I agree and want to believe that this is the whole essence of Bitcoin, hedge against Fiat inflation. It is always a wise decision to invest in bitcoin and other major Alts especially when the market has seen this percentage of dip and for some cryptos, more than -50% dip from their ATH prices however, I do agree that purchasing daily needs with Bitcoin or other Alts for that matter is still not completely possible so we still need the fiat fo such.

I deny this to happen for now because my country stands not totally into crypto and even not  getting closer to the demand .
so maybe in the next 5 years i will go with your run  for now enjoy your translation and make sure you are really ready for that .

exactly the problem because how much we wanted to Go all in crypto but our position and situation won't agree in this chances , if only given opportunity to  live full in crypto? trust me I will be the one to sign up and conduct such living time.
I will try this to happen in the following years but for now? i think will still live with combination from crypto and from fiat as this helps my life easier nowadays.
never seek things that will bring you more problem than it is.

Yes, you are both right. We can't live using crypto yet because of government regulations, and even though we really want to, we still won't be able to. It's better to stay in a situation like this until the time comes when we can live using only cryptocurrencies. And if it's 10 years or more, we still can't use crypto, that's fine. We just enjoy this situation, and we should be grateful that we can still use crypto without having a problem.

But if @OP wants to stick with his idea, he'd better rethink and think about the consequences he'll have in the future. But I hope he's okay.

Since 2018 until now I have used bitcoin several times as a means of payment but not for face-to-face transactions. Obviously I do transactions online because it's the only way to use bitcoin as a means of payment when the regulations don't legalize it.

To be honest, I've never had a problem with regulations that prohibit users from using bitcoin as a legal tender because the government has the right to regulate it. As long as bitcoin and cryptocurrencies are not completely banned like China's ban, then I think we are fine even if we have to comply with regulations.

You are ready to go full into crypto, that is a very good gesture but the sad reality is that the world isn't ready to go 100% crypto and I am not sure the world will ever be ready for that. The world has different fiat currencies, and the world will want to use their fiat and also use crypto together.
You can go to crypto fully as an assets and not as a currency because many people don't adopt crypto and it will be difficult to buy things with bitcoin in different countries as different merchants do not accept bitcoin for transactions.
Before we all go fully into crypto, I hope you have device a method to help us to deal with crypto volatility so that people will have confidence with their wealth.

That's a typical money mindset newbies like you generally have. But it's not your fault because you still haven't come across what bitcoin actually is.
But at the same time it would require your willingness to learn more about it.
You will have to have the mindset to seek knowledge and only then you can seek what you desire.
We really can't say if you can buy a villa using 5 dogecoins or not but we can certainly say that adoption will take place as and when more people come to know what cryptocurrency is all about.

No, Doge.  I would just go for Bitcoin if we are all going to leave fiat currency. Like Upgrade00 mentioned, you can hardly spend crypto everywhere since adoption is not that quite high yet. You could store during war, but you still need to use fiat currency to get the physical goods that you need.
Even here in my country, I still need to convert my BTC to my local currency to shop. It is an indirect method to buy physical goods with BTC to be honest.

Actually, in the current war, fiat is of high value (cash, that is). While big cities, excluding perhaps Mariupol which is being actively obliterated by Russians, have stable online connection and paying with cards is not a problem there, in small cities of various regions of Ukraine only cash is something that can buy you essential stuff because there's no electricity (and has been no electricity for many days), and supermarkets don't work any more. My father-in-law has to go to a neighbor to use his generator to charge his mobile phone, and then he has to go to the center of the town because it's the only place that currently has at least some mobile connection. Needless to say, paying with Bitcoin is out of question under such conditions. But cryptos are still useful in other places and for other purposes, as long as there's stable internet.

switching to 100% crypto (I mean Bitcoin) is one of my desires since I first experienced the incredible benefits of crypto...

but I live in a legal country that still "forbids using crypto as a means of buy/sell transactions" because the law in our country regulates crypto into the category of commodity assets. someday when more and more countries recognize Bitcoin as a currency then I believe in my country buy/sell transactions with crypto can be done easily.

This might happen later but not at this moment. Yes there are countries allowing crypto currency transactions but still assets are yet to be bought with a crypto currency. But when almost max have crypto currencies and if the currency held is accepted and is ok for utilizing it then yes is worth and then yes there are chances to buy an asset. It would take few years.

Currently it will be hard to go into crypto completely, because we are just having little percentage of the total population of the world that accept bitcon or cryptocurrency, most stores don't accept bitcoin because the volatility and they don't really know how to handle,  so I believe it won't be possible for now to go into cryptocurrency completely we still have to be making use of fiat currency, but I believe later in the future it will be possible.

From your post, you said everyone is having little idea about bitcoin seriously I can say you are wrong, maybe in your country you can say everyone is having little idea about bitcon, but in my country is not like that, in my country just few people know about bitcoin, the percentage of people that don't know about bitcon is far more than the once that know about bitcoin, some people have not even heard the name bitcoin before.

You are ready for it but that doesn't mean everyone can be ready for it.
Don't forget that at this time, fiat still dominates even in all regions.
It is undeniable that the community of crytpo lovers is still very small compared to fiat and paper money, even though when they entered here, almost all of them did not really like fiat because they prioritized crypto.
But they still can't be separated from today's daily life

How can it be?

Personally, you may be ready, but how is your environment? What is your country's regulation? Will they legalize it or have they legalized crypto as legal tender or payment or currency? If not, this is something that we are dreaming of only to full in crypto, fiat will be still there around us.
SO far, crypto still faces the big problem, that is regulation about crypto itself fin every country that is different each other. Some are only legalizing crypto as commodity assets, limited for investing and trading. On some other countries, crypto is legal tender so that this may be fully condcuted, but only few countries that really have this. The worst thing is on the countries in which they ban crypto or still don't legalize crypto, this will be impossible to do right now.

It is indeed dependent on how your government is doing business with crypto. Let us say, you have crypto but can you pay the merchants, shops or supermarkets around your area with crypto? I don't think that would be the case in most crypto users. Because up until now, not many merchants are accepting crypto as payment method, mostly they are accepting your local fiat. So this is hard, because if you can't pay crypto, you still need to convert your crypto to your local fiat in order to use it.

What do you mean by reset? Lol, the price to go back to zero and then "slowly gain value"? What value are you talking about if you want to leave fiat. If there is no fiat, then the value of 1 bitcoin would be 1 bitcoin. You say you want to leave fiat currency, but then again you compare the value of doge coin with fiat currency.
Just because you are ready to go full crypto doesn't mean the whole world is. In fact base on your post, it looks like you are no where near ready to go full crypto.

sad to say mate but i am not ready yet, there are so much to spend but limited chance here , even if i wanted yet my country denies this opportunity .
but if given a chance? i would love to do it and take my chances living in fiat only.
that is the point . i don't know why op tries to push this knowing that this is impossible to happen for now.

Not really of the mindset that i should go full into crypto leaving beside my fiat at the moment because we can't rely fully on the crypto.The fiat is still legal tender and can be used for daily expenses while crypto not and you can't spend it on small items if you have planned long term investment through them.The fiat is inflationary but in current times also it's not volatile and you could still have the same value of notes to spend.So there are many reasons by which fiat is still is used in many ways and can't dilute its usage.They can go side by side as an alternate.

I'm not sure if this will ever gonna happen because we already Knew that fiat will be there to live forever , I mean yeah crypto and other online cash will exist and dominate the world but Fiat will always remain as this will be still the safest.
the availability and the situation facing of us to our country and government will always hinder us from having this.
meaning this will take long before happening .

 Honestly, if I could do it, I %100 would go into full on crypto. I have a bank account connected to my binance anyway and if I ever need some cash then I would convert them and then just live with crypto as long as possible. However, reality is that we are living in a situation where fiat is almost always needed and there are only a small amount of places that accept crypto, which is why I do not believe that we should be converting all we have into crypto for the time being. Just put as much money as you can afford to lose and that is it, just forget about it and move on with your life, so that in the future it will worth a lot and you would be earning a ton.

We can't get into cryptos, since cryptos are not yet used in every country in the world. Most stores and merchants don't use them yet, maybe it's because of the high price volatility, but they could use USDT as a starting point, I think it's feasible.
In my opinion, the use of crypto currencies will obviously increase in the future and at some point people will abandon fiat currencies, not completely but partially.
The war has really had a serious impact on the market, but I hope that the crypto-currency market will be revived once the war is over.

Yes thats very much correct and we need to be realistic about its usage for daily living. BTC has issues like scalability and price volatility thats why not many merchants are willing to accept this as payment method. Not to forget governments are showing zero tolerance towards its adoption because of there zero control over decentralization.
Despite all odds and opposition, BTC still has grown to reach price of 67k$ and we cant say that in future its adoption will not increase.

               Lol. Such udeas you only see on newbies. I mean I was also once a newbie that had this tyoe of simple mindset drunk with hopium for bitcoin and the crypto industry. Op, you should read more and try to learn as much as you can while it's still early so you can have better advantage earlier. Because if you don't, you will absolutely regret it. Knowledge in this industry is priceless. You will surely thank me later on as you go on your future ventures.

The same thing is happening in my country, currently many exchange sites such as binance, huobi, kucoin, and so on are officially blocked, but I can still use the android application, of course it is difficult to leave fiat and focus on bitcoin because when we hold bitcoin then cannot be used for direct transactions as in fiat.

Only 1% of population cannot decide which currency to use to trade all the assets, yes it can be a good start if you do it on personal level, but I doubt it will be a very successful thing until a lot of people join it. Moreover the problem is that the currency you are using to buy these assets is itself too volatile, it's pricing itself has been too uncertain, buying assets using such a volatile currency is itself a pain in the ass.

It's really annoying when we let go of these assets to buy things we want to have. Crypto price fluctuations are indeed a risk that must be realized, prices will change quickly and if you really don't think about the value of crypto to Fiat, of course, using crypto is the best choice.
I still rely on Fiat and use cryptocurrencies too. Fiat and Crypto can still coexist.
Crypto currently has many pros and cons and several countries regulate according to the conditions in each country.

May I know which country did this ?

I supposed to go all in with crypto when the world has finally accepted bitcoin as a means of currency. But for now, fiat is still recognized as the only one currency that is accepted by all merchants around the world. Though there are few of them who are now accepting bitcoin, but most of them are selling not the basic things we need. Its good to go all in with crypto and leave fiat, but wait until the world is ready for it.

Honestly, it's hard to replace fiat because people have been used to it and that the government will always promote it no matter what. Crypto may be accepted as a means for alternative to fiat but it will never replace fiat for good. So going all in to crypto will be useless because we are living in the world that is still focused on fiat, and that crypto has still no assurance when it will be legally accepted.

^ It should fiat must exist and BTC is the alternative to fiat and that is the fact, nothing else.
How can you convert to your own currency when you have BTC? In fact, BTC is decentralized and fiat is centralized they are completely irrelevant to each other, and also they are both useful to us. There is nothing to choose which one, it should be both.
Both of them have disadvantages and advantages so comparing them is worthless.

Perhaps, the creators of Bitcoin never think this will replace fiat in the future, only us who are too speculative in this matter which in fact, will never happen.

Bitcoin and the rest of altcoins will remain alternatives, that is the main goal of such creation. Nothing it says that it will replace and OP got it wrong. And even evaluating the market situation of Bitcoin, many areas where this is still not accepted, and to say this will replace fiat, which is really far from happening.

Where does all this idea came from? You have been saying something that would happen as if you have seen the future but in reality you were just too late to invest in Bitcoin and if ever you did invest in Bitcoin you might not last long due to panic you might be long gone selling all of your assets to fiat. So tell me, is it fiat so unimportant if you go full crypto? What if you are wrong? You might be another victim of the tulip mania just like in the past.

You know what it is so uncertain to decide something that we don't know about especially in the future. Those people who have tons of BTC today are either lucky because they believe what was Satoshi been created so they hodl.

It will be good to say that it's ready if elon has successfully deployed the starlink in part of any country so everyone will be internet available, in any part of the country since crypto/bitcoin is fully dependent on internet to transfer. Plus the government's regulation is a big factor though.

Right. There are still very few shops willing to accept payments using crypto, most of them accept payments using fiat, credit cards, bank cards, mobile banking, paypal and many others that are fiat oriented. I believe that only people who know crypto use crypto and that is also very rare, because ordinary people tend to be ignorant and avoid it. Beginners or lay people will worry about how to cash out crypto to fiat, because I believe what is still on their mind is fiat not crypto.

Legality in one country and another also affects whether crypto is legal to use as a transaction or not.

Until we see that all merchants legally accepted crypto payments, that is the best time to leave fiat and go all in crypto. But the problem is when it will eventually happen when all the government do not trust crypto. I guess we need more time before crypto will be recognize and legalize all over the world. Fiat is still needed mostly by people nowadays so its hard to predict when will crypto gain its own position in the financial market.

@DanWalker, Crypto was never created to replace fiat currency. From the record, it was introduced as an alternative, a form of solution and people liberation from inflation caused by the government's naiveness of printing more money.
Although crypto can be the mainstream of payment in the future but it will never replace fiat.
@Vaculin, if it was in terms of investment or putting one's money to work. Yes, it's time to let go of fiat currency and totally choose crypto because the institutional investors are not joking about BTC anymore.

Although the value of other cryptocurrencies, including Bitcoin, has fallen sharply and for the time being it seems that this is the right time to invest, it has become an important consideration considering the global situation. Investment has declined in many lands due to war, the rising cost of living, unemployment, global oil and gas embargoes, and crises that have made it difficult to meet basic human needs. The current market situation can be both-faced and one has to be very careful in making a decision in this regard. Various sanctions and inflation have made it possible for people to be interested in investing in cryptocurrencies, on the one hand, and on the other hand, due to the global war situation, the value of cryptocurrency may fall further due to the economic crisis. So making the decision through subsequent market analysis seems to be the right decision.

You are contradicting your reply. Even though we can say that institutional investors are not joking about accepting Bitcoin but this never changes the main purpose of creating cryptocurrencies. Because whatever it happens in the future even all countries will legalize and accept Bitcoin as a mode of payment, this still remains as an alternative to fiat money. However, this only happens if the government never prints paper money anymore.

It gives me joy when I purchase things or pay for services with bitcoin,  the issue on ground is that my country has not abducted bitcoin as currency it is only few thing I can get with bitcoin.  Since it is like that I do more of my investment on bitcoin,  I take bitcoin as my bank. When ever I need money to get anything I exchange my bitcoin to fiat , so I can't really leave fiat fully.

It's not that easy my friend, I agree with your opinion about inviting everyone to switch to crypto, and get to know crypto more deeply, and invest in crypto, but I don't agree if you invite everyone to leave fiat, because there are still countries that have not accepted crypto currency as a means of buying and selling, like in my country.

With the current happenings of war going on in the north part of the world, you have seen how Russia is being punished using its own currency thanks to the banking system being cut off Swift... Now with this in mind i dont think its an option to go with because if a punishment was to be applied on one country, with crypto its not one country being punished but all that will be using the crypto coin. I guess this is a good and bad idea depending on which coin is chosen.

We’re still very far away from seeing that as a reality. Although I can say that anything is possible, I don’t think crypto can replace fiat anytime soon. Both fiat and crypto can coexist as it has different use cases for us. Fiat is still the most widely accepted cash for us to buy, sell and transfer, especially during the difficult times like calamity and war.

Despite that the worldwide adoption has already accelerated a bit, only less than 0.01% so far in the world have adopted or at least knew about Bitcoin. We just have to be thankful about being early adopters of crypto.

Wow! That is some wild imaginations right there.
Hate to say this, but fiat currency cannot be phased out ever, at least not in your lifetime.
Cryptocurrency's volatility alone can be the primary reason why merchants and service providers, and other businesses won't accept any crypto yet.
We're still way far from that scenario happens. But then again fiat cannot be phase out and cryptocurrency will continue to co-exist as an alternative payment method.

if we look at the reality, I think fiat will continue to be used, from a government perspective, fiat is still solid as a means of payment considering that the government can control it, this is different from the nature of cryptocurrencies. On the bitcoin side, many expect crypto to be used soon, but it's not easy to achieve that goal. maybe our generation this hasn't happened yet

We cannot leave fiat all together, that will never happen. I have always dreamed about becoming so wealthy one day that people would let me own my own nation. Not like a huge nation in the middle of Europe or anything, just a very tiny, maximum 5k people island somewhere far away from the mainland. In that place I could try to build a nation that worked just on crypto and not on anything else, and taxes would be paid with crypto as well.

But, even in that dream world, the volatility would hurt everyone. Your 0.001 tax could be 100 bucks or could be 1k, and you would be destroyed if it is way more than what you should be paying in fiat. Hence, fiat could never leave.

The countries you mentioned above are developed countries already, am in a developing country, lots of people are beginning to know about bitcon on a daily basics, but I can still tell you not everyone knows about bitcoin in my country. If you say everyone knows about bitcon in the countries you just listed above I will definitely agree with you, but I just want you to understand that there are still lots of people that don't know about bitcoin in different countries.

in my country crypto is very free but there are still very few merchant who accept their wares to be paid with crypto especially bitcoin, then it switch to 100% crypto still difficult.  maybe in the next 2 or 3 years there are already many merchants who accept payments with crypto, then I will really leave fiat and switch to 100% crypto especially bitcoin.

Everyone wants to go all in crypto but wait, the world is still fiat dominated. It is undeniable that fiat is still the most important and most needed currency by all people. Though many of us are eager to use bitcoin but having the real world that is not ready yet and still not legalizing bitcoin payment system, then that makes so hard for us to leave fiat. But i believe we will eventually go into bitcoin and leave fiat and its inflation, but now is not the right time yet.

I don't understand why you believe what I am saying contradicting my stance about cryptocurrency being an alternative to fiat currency and the institutional investor acknowledgment of Bitcoin will only make Bitcoin achieve the purpose of its creation.
Understand that, it is not possible for all countries to legalized Bitcoin in the future but there's no way the government will stop printing more fiat money.

People are overexaggerating things up even though seeing crypto or bitcoin does progress out that much and having already those beliefs that it could replace fiat anytime soon which is totally impossible
i must say and just like you have said that it would co-exist with fiat which is something that would really be happening and not really that minding about fiat would cease to exist.
as a user then be grateful that crypto is here yet we do have other choices or options to take whether we do like centralized fiat or decentralized crypto.

There are countries now where btc and crypto is now a legal tender but the count of those country is still small. If we are not among on those country then I agree that we should not fully convert to crypto because it could not make our lives easier yet. I know we can still use cryptos on online purchase but the website that support it is not wide as what we have locally.

It's good to have some cryptos in hand because we might need it in times of crisis such as when there's wars or something when fiat is nearly unusable. The crypto that is intended for investment should be separated for the crypto that is only meant for spending so that no regrets will happen.

as much as we want to go full crypto, it won't happen as most countries are still relying on their respective fiat currency. so if you are residing in one of those, it means, mostly of your purchases should be done via fiat. and i believe, a lot of us are also in such situation. but i can agree that with your knowledge in crypto, it may be your advantage as you can get the opportunities once presented to your community. in other words, most of us can't go all in into crypto because we are not yet in this situation.

Even Elon musk support wasn't enough to hold Doge coin from falling. Doge coin has really lost a lot of value and that was unexpected by a lot of people with the way it was going. Prior to now it was a big trend at the start of the year and a lot of people were investing in it with Elon musk talking about it on Twitter almost all the time. So, it was least expected by most people that it would lose such value.

When its bearish trend started, a lot of people thought that was going to be just a temporary downturn, and after that the market would continue with its uptrend and then reach $1 price. But, unfortunately for them that never happened.

Maybe possible with doge if supply of it get burned. Whatever Cryptocurrency and fiat, both are difficult things. You can use both. if your Government accept bitcoin, then there are lots of stores, supermarkets which accept bitcoin and you can enjoy fully go in crypto but as government can't control it, they'll never let replace fiat with crypto but they'll allow to use it anyway, possibly apply taxing on it

If DOGE will gain adoption then the demand will increase.
Though DOGE has a huge supply but you still see how significant the increase it has in the past year, however, we have to make sure that it was due to a real adoption, not due to hype only.

TAX is automatic once crypto is being regulated.

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In as much as we all crave and want crypto currencies to become a dominant means of payment for our day to day expenses, goods and services, it's not gonna be easy to rule out or wipe out fiat from the system, Infact, if fiat will ever become obsolete, it will take several years and I doubt if you and I will still be alive by then to witness this.

But then, the good news is that fiat and cryptocurrencies can co-exist peaceful if our government don't get too greedy, citizens who wanna accept fiat payment for their goods and services can do while those who wanna accept cryptocurrency payment for their goods and services can do, and those who wanna accept both can also do, it's a free world(even though it's not entirely free) and we should be allowed to sometimes make our individual choices and not the government imposing their personal choices on thier citizens.

It's still far from acceptable to people going full cryptocurrency in current year. Yes, you can buy stuff from bigger merchants, but you can't use your cryptocurrency to buy stuff on smaller shop in your place. In here,  there are lot of smaller shops that I usually buy the stuff from it and it doesn't accept cryptocurrency, having people to accept cryptocurrency as their payment method takes lot of time and they need to learn first about it.

I also agree with you.In future almost everyone will leave fiat currency and will be used to use digital currency like Crypto.
But to be dependent on crypto properly it has to be more popular and more secured.

hey man, you are ready but the world is not, because fiat is the currency of one country and makes the country's trademark, so it's enough for individuals who use crypto, not the world.

I wish I could be close to a development like that, but I don't understand which country already has that capacity? is it Dubai? because where I live not even people know about BTC, some have heard of it but are afraid of it, they say that money through digital currencies is used to steal money from people, things like that sometimes I have had to hear, however in developed countries all this changes, and it is seen in different ways, I think that is the style of world that we need, and unfortunately some people are not able to see things as they are, but in a bad way and do not let them advance.

I wish it was easy the way you said it. The world first needs to adopt it generally to make it easy and we can't force that. They have to see the need for it, advantages and then couple along with it. One way or the other it wil still happen but its not so easy. Many people are not even aware of bitcoin yet, and they are people who we need to deal with when we go outside to order things.

For now it is too early to think about leaving fiat currency and go all into cryptocurrency. If we talk about the real time usage of cryptocurrencies, we haven't got much. With fiat currency, people have more ways of access and make transactions. People make transactions without paying any fee, with cryptocurrency this isn't possible. So, people will get adopted to cryptocurrency usage, but for the same getting into cryptocurrency leaving fiat won't happen.

It is not easy if you have been a long time user of fiat even by the time crypto came out. Not totally the world that needs to adopt it but a country is enough. Have you heard what happened to El Salvador? They made crypto as a legal tender and people on that country can now use crypto and not use fiat at all if they wanted to.

There are still people that uses a fiat on that country but there's no need to force them if that's what they like. I don't think those people are not aware that bitcoin exist, are they living in the cave to not see what's happening around them? it's only not easy at the start but once they tried it and stick on it, they will say that crypto is much better to use than fiats.

Its a sad reality that despite of the popularity of crypto, the world don't still recognize it and still don't understand fully the concept of crypto. The government is still fiat centered and would definitely fight if crypto will overtake fiat. But not knowing that crypto is here is not to replace fiat, but only to act as an alternative currency to it. That is its greatest mission, because the crypto world knows exactly that crypto will not be an official currency, only fiat does.

The ecosystem that currently we have are not indeed sufficient enough to support our desire to completely use crypto as a currency for the long term , you might bbe able to realized it for your short term period bbut then things going to be difficult as time goes by , i know a place that have been applied this and things didn't went well at the end.

they are back using fiat due the difficulity they faced after a while. it's still a hype now, i have to say.

I totally agree! Even though there are many restrictions for the adoption of bitcoin, it has grown. And we can not anticipate how it will perform in the future. But looking at its past performance, I am very optimistic about bitcoin.

true as you said, even though we are ready to enter crypto, but the world is not ready to do all that, even though we have everything and have advantages but we still lose, because the one who holds the world economy is the government, if we fight the government it is certain we will lose, I personally think it's better if we run what is already there, because in my country crypto shops are still very difficult for us to find, because many people still don't understand crypto.

Everyone can now refuse to use fiat and switch to using cryptocurrency. But I don’t think that with the current level of cryptocurrency distribution, this will be convenient. In addition, it largely depends on the country of residence, place of residence - rural areas, small towns or large cities and other factors. For the normal use of cryptocurrency, the necessary additional technical conditions are needed, and this is not available everywhere. Cryptocurrency should gradually enter our world, revolutionary solutions will only hurt it..

You are not wrong at all, in reality, people use fiat, they depend on it everyday for spending, fiat is inevitable and citizens of a nation with a particular fiat spent have no option than to depend on it for now. The government will look for more means nothing would dominate fiat.

Bitcoin was created to be a P2P means of transferring money in a way people can have freedom over their own money, but also to be an investment means, that is why it has limited supply of just 21 million coins, because with demand, the price will continue to increase. People have preferred to go more for the second option which is investment.

Even if how hardcore bitcoiner we are still we don't have any choice but to use fiat because all of our transaction offline will still rotate on this, so even if this is hard for you to accept because your so hooked with crypto we cannot do anything with it since government has the main control over the financing system of each country and maybe we can only see it on our dreams about fiat getting replaced by crypto.

For the fact that most of the people in this forum are die hard bitcoiners, it should not blind our eyes to the present day realities. It is very much impossible for one to go 100% crypto and besides crypto or let me say the mother of it(bitcoin) was not created to replace fiat, rather it is created to be an alternative to fiat. So there is no necessary need to move 100% to crypto. Some countries does not support bitcoin and does not want their citizens to use it and some countries allow their citizens to use it but it is not yet a legal tender. It will be a problem because many businesses does not know about Bitcoin let alone to use it. Myself I own some fractions of satoshi but I don't spend them because I am holding it for now and hoping it will appreciate in the future. So many people in this forum are holding bitcoin too and they will rather like to spend fiat for day to day activities rather than to spend their precious bitcoin.

Cryptocurrency will never be able to replace the national currency of states. The system of social structure and the financial system were formed over many millennia. Nothing can replace her yet. In addition, the financial system is under the reliable protection of states. To replace fiat with cryptocurrency, you must first destroy their root cause - the state. But no one has yet succeeded, and it is unlikely that anyone will succeed. Therefore, smart people say that the cryptocurrency was created only as an alternative to the current payment system, but not a replacement for it.
Some people may try to abandon fiat, but they will still need it at least to determine the value of the cryptocurrency, which is measured in fiat. Do you want to completely eliminate fiat from your life? Then just try to measure the value of your cryptocurrency not in fiat, but in something else. For example, in horses or acres of land, as it was before fiat.

It's true as you said it is very difficult for us to leave FIAT because FIAT is controlled by the government and FIAT is used by all levels, I also don't agree that we leave FIAT and we switch to crypto currency, because in my personal opinion FIAT currency and their crypto currency coexist and they need each other, I will never separate the two because for me both are very important and very useful, because In the country where I live there is no company that pays workers using crypto currency, even in the country where I live there are still many people who don't understand crypto currency, some of them even don't use gadgets, maybe for that reason I don't agree if you invite me to leave FIAT currency.

Not at that point yet and seems unlikely to happen in this lifetime.  However, Bitcoin as a global reserve currency seems more likely- time will tell, might not be around to see it though,  and IMHO would be even a bigger deal as this may put Bitcoin at the top of the currency pecking order.

Yes, we have no choice but still to use cash in our daily transactions. Going in the market, we still need to pay in cash or credit card. That's why if you have bitcoin or any other crypto that you want to use, you have no choice but to sell it for fiat and that's the one that you can say that you've used it from your crypto profits. But you have to convert it for you to use them, well, just have that thought that the money you've used for buying those goods are from crypto.

if my country has legalized crypto, bitcoin especially for legal means of payment such as fiat money, I will definitely do that.
but for now my country only legalizes crypto as an investment and trading asset, so it is impossible if I fully use crypto and leave fiat money and now the taxes applied to crypto are high in the country I live in.

"for now". hats the important thing. The topic is not that we can use it today or we should be using today, it’s about how we should be starting to use it later on. It means that I would love to live in a world where I do not have to use fiat at all, just earn bitcoin and spend bitcoin, or even other coins, and never go back into the fiat world ever again.

That’s basically why I got into the crypto world to begin with, wanted to be part of something that can take me to a non-fiat world and I have been here long enough to know that it is going to be a very slow process but it is moving, and we are getting there. Even if small, it is there, look at El Salvador for an example. That wouldn't have been possible years ago.

I'm supporting your decision, it time to go into crypto. Crypto help me to transact early because what I just need is my phone in my pocket no matter how much I want to use.

I think it all depends on the industry. Of course, you are unlikely to find a person selling tomatoes in a market that accepts cryptocurrency payments. But I think that in the field of IT, there are no problems with this. On the contrary, now it is developing more and more. And it expands to other areas (for example, in Europe, you can tip waiters with a crypt)