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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
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February 23, 2017, 03:19:39 AM
 #1221

Bitcoin now for me - it's just an object of investment. I can not in their daily lives do without dollars. Therefore, at this stage, I still believe in Fiat

It's not just an object of investment but it's also a crypto currency for buying things. It's depending on how you can see it as a tool for usage. And I will always believe in fiat because it's the money of all people and nations of the world so there's no need to dump fiat as it will always be the primary need for buying things.

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February 23, 2017, 03:46:36 AM
 #1222

Bitcoin now for me - it's just an object of investment. I can not in their daily lives do without dollars. Therefore, at this stage, I still believe in Fiat

It's not just an object of investment but it's also a crypto currency for buying things. It's depending on how you can see it as a tool for usage. And I will always believe in fiat because it's the money of all people and nations of the world so there's no need to dump fiat as it will always be the primary need for buying things.

since bitcoin is not already used in many country, i think people still believe in fiat and its including for bitcoin user, somehow they still used fiat to buy something for their real life. its a fact that we should realize, but if in the future, bitcoin is available for all country and there is much more store available and the most importan, the government is approve and allow people for using bitcoin or crypto currency, maybe people will changing from fiat into bitcoin and i think there is a time when fiat is not used by every one.

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February 23, 2017, 06:06:39 AM
 #1223

Bitcoin now for me - it's just an object of investment. I can not in their daily lives do without dollars. Therefore, at this stage, I still believe in Fiat

It's not just an object of investment but it's also a crypto currency for buying things. It's depending on how you can see it as a tool for usage. And I will always believe in fiat because it's the money of all people and nations of the world so there's no need to dump fiat as it will always be the primary need for buying things.

since bitcoin is not already used in many country, i think people still believe in fiat and its including for bitcoin user, somehow they still used fiat to buy something for their real life. its a fact that we should realize, but if in the future, bitcoin is available for all country and there is much more store available and the most importan, the government is approve and allow people for using bitcoin or crypto currency, maybe people will changing from fiat into bitcoin and i think there is a time when fiat is not used by every one.
It's not necessary to lose our belief in fiat because we believe in bitcoin, this two could co-exist together and this would be a wonderful place to live if there payment system like bitcoin that would help to give us a faster transaction. Bitcoin is famous now because we believe it can give a good benefits to the humanity but we still use fiat as the value of bitcoin is fiat based.

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February 23, 2017, 06:19:33 AM
 #1224

There is no reason why I should not believe in fiat.  It is what I am using whenever I have to buy an items.  It is used to pay for service and it is the payment for my day job.  If I don't believe in it, I might as well not buy items that only accept fiat currency, not pay my bills and not retire with my job.  So what will happen to me then?  Whether we like it or not money makes the world go round.


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February 23, 2017, 06:31:07 AM
 #1225

Fiat is the one that has given the best financial service for all our needs. If fiat is not there the system will collapse entirely, so fiat will rule the world even when bitcoin and other currencies increase in acceptance.

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February 23, 2017, 07:40:26 AM
 #1226

Fiat is the one that has given the best financial service for all our needs. If fiat is not there the system will collapse entirely, so fiat will rule the world even when bitcoin and other currencies increase in acceptance.

The bitcoin will also have good financial service in the future.


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February 23, 2017, 09:01:44 AM
 #1227

Fiat is the one that has given the best financial service for all our needs. If fiat is not there the system will collapse entirely, so fiat will rule the world even when bitcoin and other currencies increase in acceptance.

The bitcoin will also have good financial service in the future.
In future, it may be. But at present, the fiat currency is ruling the world. Anywhere in world fiat will be acceptable. But Bitcoin is not acceptable. And only in few place bitcoin is acceptable that too in only a few shops. But I too have hope that in future Bitcoin will become more popular and all country will accept bitcoin. But I don't have hope that Bitcoin will replace fiat currency.
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February 23, 2017, 09:54:31 AM
 #1228

I still believe fiat because I still use a fiat for everyday purposes as a means of payment and is still waiting for bitcoin accepted as legal payment. with the increasing number of mass adopt bitcoin I hope bitcoin will be accepted in some countries although it was difficult

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February 23, 2017, 10:31:52 AM
 #1229

I still believe fiat because I still use a fiat for everyday purposes as a means of payment and is still waiting for bitcoin accepted as legal payment. with the increasing number of mass adopt bitcoin I hope bitcoin will be accepted in some countries although it was difficult
Fiat money are part of our daily basis. bitcoin has provided as a lot of opportunity to earn in different ways, but in a current moment we can't live without fiat money they are always connected with us, even if we have some earnings on bitcoin or any other digital currencies, we have to convert them to our irreplaceable fiat currency

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Xester
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February 23, 2017, 10:57:20 AM
 #1230

I still believe fiat because I still use a fiat for everyday purposes as a means of payment and is still waiting for bitcoin accepted as legal payment. with the increasing number of mass adopt bitcoin I hope bitcoin will be accepted in some countries although it was difficult

Bitcoin will be accepted as legal payment, as of this moment the only government that accepts bitcoin as payment to government services is Switzerland. It will be just a matter of time before other countries along with their governments will also accept bitcoin. But this does not mean that bitcoin will replace fiat, bitcoin will represent fiat currency and act as a medium of exchange but it can never replace fiat currency. Fiat currency is still the best currency there is.
JL421
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February 23, 2017, 11:24:04 AM
 #1231

Fiat is the one that has given the best financial service for all our needs. If fiat is not there the system will collapse entirely, so fiat will rule the world even when bitcoin and other currencies increase in acceptance.
Exactly and I don't think that in this century people are going to stop using fiat because if you currently see only 1% of the population or maybe 2% at max are aware of bitcoin and by the time it gets recognised by the world it will be too late as by that time all the bitcoin will be mined and there wouldn't be any bitcoin left to distribute to the people to use it like a currency.

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February 23, 2017, 11:47:21 AM
 #1232

Of course I believe in fiat. I use it daily and so does everybody else. However, I do not believe in the people/institutions that control fiat. It was a lot better when fiat was tied to gold reserves. Now we just create money out of thin air, which will have severe consequences in future.
dominikherzog5
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February 23, 2017, 12:34:04 PM
 #1233

Fiat is the currency I use for my day to day expense and also I receive my salary in fiat. So most definitely I believe in fiat and I will continue doing so. Nothing seriously happened for that I have to stop believing fiat.

Bitcoin is an investment to me and nothing else. One thing I know that bitcoin investment will give me a much higher return than any other conventional investment available in the market. So I invest and store bitcoin. But fiat I use for my daily expenses. So I actually believe in both fiat and bitcoin.
JC btc
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February 23, 2017, 01:52:08 PM
 #1234

Of course I believe in fiat. I use it daily and so does everybody else. However, I do not believe in the people/institutions that control fiat. It was a lot better when fiat was tied to gold reserves. Now we just create money out of thin air, which will have severe consequences in future.

There's no reason not to believe it's already part of our daily lives and without fiat we can't get the things that we need with our daily living. But the good thing here is that we also have another option and help from bitcoin so at the same time we have chance to use these two types of currency freely.
Fiat has been a big help in the society and in the economy, it makes the life easier in a way that is  has been our medium of exchange in many things.
So, let us know all forget that, we've been benefited its usage, and I don't think that no one is using fiat nowadays. Although, bitcoin is booming now still fiat exists in many ways.

   
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btcdevil
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February 23, 2017, 02:18:50 PM
 #1235

Of course I believe in fiat. I use it daily and so does everybody else. However, I do not believe in the people/institutions that control fiat. It was a lot better when fiat was tied to gold reserves. Now we just create money out of thin air, which will have severe consequences in future.

There's no reason not to believe it's already part of our daily lives and without fiat we can't get the things that we need with our daily living. But the good thing here is that we also have another option and help from bitcoin so at the same time we have chance to use these two types of currency freely.
Fiat has been a big help in the society and in the economy, it makes the life easier in a way that is  has been our medium of exchange in many things.
So, let us know all forget that, we've been benefited its usage, and I don't think that no one is using fiat nowadays. Although, bitcoin is booming now still fiat exists in many ways.

If you see that current price of Bitcoin is seen on fiat currency so it is obvious that fiat is the main currency whose value is their and only through fiat currency you can live and do expenses of your family , because still bitcoin is not the main currency used for daily life expenses so we have to still rely on fiat currency for our daily life expenses. Until Bitcoin dont become main stream currency of life fiat currency value wont decrease.
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February 23, 2017, 06:16:45 PM
 #1236

Fiat has been a big help in the society and in the economy, it makes the life easier in a way that is  has been our medium of exchange in many things.
So, let us know all forget that, we've been benefited its usage, and I don't think that no one is using fiat nowadays. Although, bitcoin is booming now still fiat exists in many ways.

Someday there will be times that there wont be any paper money anymore. People will still use fiat however it wont be in the form of paper money anymore, there will be times where digital currency took over the payment system and Im not saying bitcoin will be the only one however bitcoin will be one of it
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February 23, 2017, 07:54:48 PM
 #1237

Fiat has been a big help in the society and in the economy, it makes the life easier in a way that is  has been our medium of exchange in many things.
So, let us know all forget that, we've been benefited its usage, and I don't think that no one is using fiat nowadays. Although, bitcoin is booming now still fiat exists in many ways.

Someday there will be times that there wont be any paper money anymore. People will still use fiat however it wont be in the form of paper money anymore, there will be times where digital currency took over the payment system and Im not saying bitcoin will be the only one however bitcoin will be one of it
The technology looks scared sometimes , some people looking forward too far away
I know any technology created with a purpose to make our life get better and easier
In this case when everything turn digitized , convert everything to digital
And then it feels like the humanity slowly disappear, am i the only one who thinking with that way?

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rickadone
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February 23, 2017, 09:04:09 PM
 #1238

...
I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.

But with bitcoin popularity increase day by day , it means that bitcoin getting notice more and more and it's impact on fiat existency
I think it's not impossible for bitcoin to replace fiat on the future, only matter of time
I'm not sure. Fiat will exist both in physical and digital format, and bitcoin will stand by and spinning only in its plane. Today, bitcoin and Fiat are not competitors, because each in its own sphere.
Actually in present modern time as the trend of the people is changing toward online shopping and other business therefore government must be thinking about to solve the issue and I think government will thinking about creating their own crypto currency and which will under the control of government and people of their country will be using it.
Zisove28
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February 23, 2017, 09:47:23 PM
 #1239

...
I agree with you, Fiat will still dominate this world because of the fact that they are controlled by the government. Also the government can shutdown easily Bitcoin, one good example is eliminating all Bitcoin Wallets rendering your Bitcoin useless which is one good possibility. Bitcoin will never take over the place of Fiat as simply Fiat is a more accessible currency to all people.

But with bitcoin popularity increase day by day , it means that bitcoin getting notice more and more and it's impact on fiat existency
I think it's not impossible for bitcoin to replace fiat on the future, only matter of time
I'm not sure. Fiat will exist both in physical and digital format, and bitcoin will stand by and spinning only in its plane. Today, bitcoin and Fiat are not competitors, because each in its own sphere.
Actually in present modern time as the trend of the people is changing toward online shopping and other business therefore government must be thinking about to solve the issue and I think government will thinking about creating their own crypto currency and which will under the control of government and people of their country will be using it.

Already China has even thought about it seriously. Even I tried to run test national cryptocurrency. The government tries to reduce the people's interest in Bitcoin
lister storm
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February 23, 2017, 11:22:18 PM
 #1240

Fiat is the one that has given the best financial service for all our needs. If fiat is not there the system will collapse entirely, so fiat will rule the world even when bitcoin and other currencies increase in acceptance.
you are right that at the moment fiat is the best financial system though in the future all the things might easily change, I think that bitcoin will be a national currency in the future.
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