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Author Topic: Do you Still believe in Fiat?  (Read 74818 times)
socks435
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July 14, 2016, 06:03:18 PM
 #141

Of course I believe in Fiat, everyone uses it nowadays. It's one of the oldest currencies in human history.
yeah of course believe or do not believe you have to say it. because Fiat is the main currency in use in the world and you have to accept payment by fiat. This is the law in this world
Fiat still will be worth and we are already tradition to use those money.. dont believe in other trade that fiat can be replace with bitcoin..
Thats impossible tio happen even in the future..

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July 14, 2016, 06:32:01 PM
 #142

Of course I believe in Fiat, everyone uses it nowadays. It's one of the oldest currencies in human history.
yeah of course believe or do not believe you have to say it. because Fiat is the main currency in use in the world and you have to accept payment by fiat. This is the law in this world
Fiat still will be worth and we are already tradition to use those money.. dont believe in other trade that fiat can be replace with bitcoin..
Thats impossible tio happen even in the future..

Bitcoin is not that powerful yet that it can replace strong currency life fiat, fiat holds huge market cap where as bitcoin is too small, and even in future fiat will continue to rule the world.
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July 14, 2016, 08:17:23 PM
 #143

Absolutely I believe in fiat and will keep believing it. Fiat is the most legal and regulated currency. Also it is backed by some tangible asset like gold. SO the price can't go down after a certain limit. If a certain fiat currency started going down, the central bank of that particular country will intervene to stop that fall.

In bitcoin we don't have such regulatory authority. It is a symbol of free economy. So even if I earn a lot of bitcoin, I will still believe fiat currency.
yeah, I believe in fiat too.  Many countries still haven't legalized bitcoin and many shops don't take btc. We have to use fiat still for many stuffs. 


Yeah fiat gives an feeling of ease and comfortableness as it is used and accepted everywhere and people who are not aware about bitcoin yet will prefer to use fiat.
Actually, I still trust fiat more than bitcoins right now since it's easier to spend them. Most of the services or goods that I need are easily paid with fiat. The number of shops that accepts bitcoins is just very limited right now and that's actually my problem with bitcoin for now.

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July 14, 2016, 08:24:24 PM
 #144

i think that you cannot NOT believe in fiat.
Fiat is still the most important currency in the world,doesnt matter if it is USD or GBP,it is still
most popular all over the world,not bitcoin really,but maybe in some time...
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July 14, 2016, 08:40:26 PM
 #145


Bitcoin is not that powerful yet that it can replace strong currency life fiat, fiat holds huge market cap where as bitcoin is too small, and even in future fiat will continue to rule the world.

Even bitcoin will become a powerful one, no way it can surpass what fiat can do. Bitcoin is digital so it's obvious it will goes thru a hard way of transactions when everything is offline.

And besides bitcoin has a price like this today because of fiat inserted into bitcoin market.

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July 14, 2016, 08:51:30 PM
 #146

billions of people strive for it and spend it every day. it gets the job done and there are enough people vested to keep those plates spinning. dunno how long it can go on for but i'm sure they'll give it their best shot.
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July 14, 2016, 08:55:35 PM
 #147


Bitcoin is not that powerful yet that it can replace strong currency life fiat, fiat holds huge market cap where as bitcoin is too small, and even in future fiat will continue to rule the world.

Even bitcoin will become a powerful one, no way it can surpass what fiat can do. Bitcoin is digital so it's obvious it will goes thru a hard way of transactions when everything is offline.

And besides bitcoin has a price like this today because of fiat inserted into bitcoin market.

Yes and it will continue in future too till we don't find direct shops accepting bitcoin, as people will prefer to convert it to fiat and then spend so fiat will always exist.
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July 14, 2016, 09:00:08 PM
 #148

I still use fiat. That is what I get paid for my work. But I am trying my best to convert some fiat into bitcoin.
well i also use fiat a lot though i still believe in bitcoins really much, to be honest the price of the bitcoin is going to grow a lot in the near future in my opinion thus you will be able to make good profit
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July 14, 2016, 09:06:47 PM
 #149

We have to believe in fiat because bitcoin does not know what it's future will hold for anyone.
It is just to unstable from one end of the lower margins to the other. Tomorrow you don't know if it will be down a hundred dollars worth or not. With fiat you know it will not sink that low so fast.

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July 14, 2016, 09:19:26 PM
 #150

We have to believe in fiat because bitcoin does not know what it's future will hold for anyone.
It is just to unstable from one end of the lower margins to the other. Tomorrow you don't know if it will be down a hundred dollars worth or not. With fiat you know it will not sink that low so fast.

Yeah and there many places where only fiat can be used and we cannot expect that bitcoin will be used everywhere, and people who are not aware about bitcoin will continue their journey with fiat.
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July 14, 2016, 09:41:35 PM
 #151

We have to believe in fiat because bitcoin does not know what it's future will hold for anyone.
It is just to unstable from one end of the lower margins to the other. Tomorrow you don't know if it will be down a hundred dollars worth or not. With fiat you know it will not sink that low so fast.

And fiat is tested already for centuries. No reason to think of a erasure of it since fiat has it's own role same with bitcoin. Bitcoin dominates the online transaction while fiat on the other hand, dominates the physical and direct transactions.

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July 14, 2016, 09:51:44 PM
 #152

I still use fiat. That is what I get paid for my work. But I am trying my best to convert some fiat into bitcoin.
Yeah sometimes i do that too but i use for gambling because now i'm only want to gamble using bitcoin. you know in bitcoin gambling site not need identity to register.
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July 14, 2016, 09:58:24 PM
 #153

Of course I believe in Fiat, everyone uses it nowadays. It's one of the oldest currencies in human history.
yeah of course believe or do not believe you have to say it. because Fiat is the main currency in use in the world and you have to accept payment by fiat. This is the law in this world
Fiat still will be worth and we are already tradition to use those money.. dont believe in other trade that fiat can be replace with bitcoin..
Thats impossible tio happen even in the future..

yeah, because of the fiat the traders are earning money from bitcoin trading and the fiats are the national signs of the specific countries so they will never leave that fiat and will try to use it in some places in their country. So we believe in fiat.

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July 14, 2016, 10:32:10 PM
 #154

i never believed in fiat because when the bitcoin came we all known that the fiat was one bullshit. Everybody is using bitcoins right now instead of the fiat i think all the other crypto tokens would disappear.
But I think that you are an extreme fan of bitcoin because bitcoin has some benefits and fiat has some benefits too.

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July 14, 2016, 11:54:28 PM
 #155

In my personal case it is not a matter of beliefs, but of needs, and nowadays almost my whole investments and business are based on fiat. It is true that bitcoin is a good alternate option to challenge the current world order, but its participation in the current economy is unfortunately very limited still.
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July 14, 2016, 11:56:01 PM
 #156

In my personal case it is not a matter of beliefs, but of needs, and nowadays almost my whole investments and business are based on fiat. It is true that bitcoin is a good alternate option to challenge the current world order, but its participation in the current economy is unfortunately very limited still.

Well, it is going to get better in the case of bitcoin in my opinion, because fiat is going all downhill from here. There is no way that fiat can sustain in the long term, while it is possible for bitcoin to do so.

The problem with fiat is that the government can abuse it all they would like.

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July 15, 2016, 05:27:29 PM
 #157

Fiat is here and will remain for a long time. It's much simpler than cryptos, 3000 years ago people used to exchange fancy rocks for services ,while now they do the same with paper. In the coming years ,banks have to screw everything up in order to fail (of course they are already pretty close to that).
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July 15, 2016, 05:39:26 PM
 #158

the question as it really makes me laugh. fiat remains more important than bitcoin. because fiat money is the main we use under government. whereas bitcoin only digital currency, and it will remain a digital currency or alternative in the future. because we will be using fiat as legal tender, because not everyone will use bitcoin.

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July 15, 2016, 06:29:32 PM
 #159

Basically I do not have any view on fiat.
But practically I do not use fiats for any of my daily life needs as I am mostly using debit cards wherever I shop both in physical stores as well as online (as I am saving my Bitcoins I do not spend them right now).

So, already I have switched over to electronic format of money by leaving off fiats. Does it mean I'm not believing in to fiat anymore.
Your stand on fiats is most common for many people here. I'm still believing in to fiat but I'm not using it for my daily needs. The belief on fiat is not important in my view, what really matters means what are your available opportunities to use like fiats or electronic money or bitcoins.
Yes, what is the use on believing in to a forgotten format of money. When you are not using very frequently a particular format that will get demised very soon. So, I suspect the survival of fiats when most of the people are switching over to digital system for money transfers.
Yes, there is no meaning in continuing to believe in fiats. As people are going to forget it completely. You will get your salary in bitcoin and you will buy all things you need for your luxury life with bitcoins. There is no room for fiat in our rushing life style.
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July 15, 2016, 11:06:06 PM
 #160

True it is a joke that governments can keep printing money with no real backing by gold. However, they will keep doing this because they can get away with it. I think bitcoin can still survive because of it's unique features.
Yeah bitcoin has a real power to replace the paper money as we can see the world being more devitalize day by day and bitcoin is what its have the strength !
You think only bitcoin who have great power? all currencies have the potential to become a major currency bitcoin will not replace
paper money. for paper money is included in the fiat environment. fiat certainly will update to version better no one can win against the government

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