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Author Topic: Do you Still believe in Fiat?  (Read 74818 times)
jakelyson
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July 31, 2016, 07:04:05 AM
 #281

Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

We measure bitcoin thru fiat because it is the maintream and we exchange it with bitcoin. But once bitcoin is widely accepted and can purchase anything with it, then we do not need to measure it with fiat. The only thing it will be is in trading or forex.
Only when all the foreign currency will disappear, the Bitcoin, acquire real meaning. While Bitcoin is one of many means of payment, Bitcoin's popularity will not be too large. Until it's time for Bitcoin. In the best case, Bitcoin, you can save up to better times. Hoping that Bitcoin will be the only currency worldwide.

I do not believe and I do not want bitcoin to be the only currency in the world. I earn a lot trading it with other currency, so why would I want that? That will only mean I will lose a source of income. I just want it to be widely accepted and more purchasing power. I think that is enough.

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July 31, 2016, 07:34:50 AM
 #282

Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

We measure bitcoin thru fiat because it is the maintream and we exchange it with bitcoin. But once bitcoin is widely accepted and can purchase anything with it, then we do not need to measure it with fiat. The only thing it will be is in trading or forex.
Only when all the foreign currency will disappear, the Bitcoin, acquire real meaning. While Bitcoin is one of many means of payment, Bitcoin's popularity will not be too large. Until it's time for Bitcoin. In the best case, Bitcoin, you can save up to better times. Hoping that Bitcoin will be the only currency worldwide.

I do not believe and I do not want bitcoin to be the only currency in the world. I earn a lot trading it with other currency, so why would I want that? That will only mean I will lose a source of income. I just want it to be widely accepted and more purchasing power. I think that is enough.
If Bitcoin becomes too popular and prirovnyat purchasing power with other money in the world. Price Bitcoin can be significantly reduced. I do not think that's such a turn of events, you need. For example, the same dollar. Dollar, is popular all over the world, and the average price is not small. But where it is more expensive than the national currency, but where it is cheaper.
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July 31, 2016, 07:55:49 AM
 #283

i still believe in fiat, because in my offline life, there is no store that receive bitcoin as payment. because bitcoin still not accepting by every country and there are a few country that already accepting bitcoin as their payment. and if bitcoin is available on every store in my country, then maybe i use fiat as my investment  Grin

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July 31, 2016, 08:19:48 AM
 #284

i still believe in fiat, because in my offline life, there is no store that receive bitcoin as payment. because bitcoin still not accepting by every country and there are a few country that already accepting bitcoin as their payment. and if bitcoin is available on every store in my country, then maybe i use fiat as my investment  Grin
Of course, the same with my country there are not much stores that are accepting bitcoins, if I cannot use fiat then I could not survive living in our country, bitcoin is just good for online transactions and investment as well but the truth is we need the two, fiat and bitcoins.

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July 31, 2016, 08:24:26 AM
 #285

the answer is obvious , if u never got into the

property cycle or dont have the uber high paying

job or welfare Queen status with Gov supplied housing

or lastly deal drugs,

u would hate Fiat to the  core!

the endless print cycle is a joke  Cheesy

if you don't, i guess something's wrong with you. how can you buy your foods or your necessities if you don't? that question is obsolete.

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July 31, 2016, 05:42:43 PM
 #286

Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

We measure bitcoin thru fiat because it is the maintream and we exchange it with bitcoin. But once bitcoin is widely accepted and can purchase anything with it, then we do not need to measure it with fiat. The only thing it will be is in trading or forex.
Only when all the foreign currency will disappear, the Bitcoin, acquire real meaning. While Bitcoin is one of many means of payment, Bitcoin's popularity will not be too large. Until it's time for Bitcoin. In the best case, Bitcoin, you can save up to better times. Hoping that Bitcoin will be the only currency worldwide.

I do not believe and I do not want bitcoin to be the only currency in the world. I earn a lot trading it with other currency, so why would I want that? That will only mean I will lose a source of income. I just want it to be widely accepted and more purchasing power. I think that is enough.
no i am not agree with you. i want bitcoin to become a global currency, and it come the one and only currency of the world and all the people of the world do trading in one currency having equal value every where, but the problem is that in current time bitcoin is not so much popular and applicable every where therefore we cannot ignore the importance of bitcoin in present time. but still i am hopeful that a time will come when all the people will be using bitcoin in every corner of the world.
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July 31, 2016, 06:00:12 PM
 #287

i still believe in fiat, because in my offline life, there is no store that receive bitcoin as payment. because bitcoin still not accepting by every country and there are a few country that already accepting bitcoin as their payment. and if bitcoin is available on every store in my country, then maybe i use fiat as my investment  Grin
i never believe in fiat right now, and i really try to not use it even in real life, i think it would be better if bitcoin replaced fiat in the upcoming future
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July 31, 2016, 06:25:14 PM
 #288

Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

We measure bitcoin thru fiat because it is the maintream and we exchange it with bitcoin. But once bitcoin is widely accepted and can purchase anything with it, then we do not need to measure it with fiat. The only thing it will be is in trading or forex.
Only when all the foreign currency will disappear, the Bitcoin, acquire real meaning. While Bitcoin is one of many means of payment, Bitcoin's popularity will not be too large. Until it's time for Bitcoin. In the best case, Bitcoin, you can save up to better times. Hoping that Bitcoin will be the only currency worldwide.

I do not believe and I do not want bitcoin to be the only currency in the world. I earn a lot trading it with other currency, so why would I want that? That will only mean I will lose a source of income. I just want it to be widely accepted and more purchasing power. I think that is enough.
no i am not agree with you. i want bitcoin to become a global currency, and it come the one and only currency of the world and all the people of the world do trading in one currency having equal value every where, but the problem is that in current time bitcoin is not so much popular and applicable every where therefore we cannot ignore the importance of bitcoin in present time. but still i am hopeful that a time will come when all the people will be using bitcoin in every corner of the world.
Bitcoin can not replace all the world's money. It's just not enough for everyone. The total amount of Bitcoin money is limited. You can imagine what will happen when will a lack of money in the world ?! Most likely, there will come an economic collapse. You want to be like that ?!
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July 31, 2016, 08:15:28 PM
 #289

i still believe in fiat, because in my offline life, there is no store that receive bitcoin as payment. because bitcoin still not accepting by every country and there are a few country that already accepting bitcoin as their payment. and if bitcoin is available on every store in my country, then maybe i use fiat as my investment  Grin

First point is that bitcoin is being used by every country their citizens just need an internet connection to take start with it, and it is true that bitcoin is not accepted by offline shops but you can easily use it online for shopping those things which you need for your offline life, and if bitcoin started to be accepted in offline life then I think the fiat will be converted by everyone to bitcoin in order to make it secure and to use t there.

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August 01, 2016, 04:48:55 PM
 #290

First point is that bitcoin is being used by every country their citizens just need an internet connection to take start with it, and it is true that bitcoin is not accepted by offline shops but you can easily use it online for shopping those things which you need for your offline life, and if bitcoin started to be accepted in offline life then I think the fiat will be converted by everyone to bitcoin in order to make it secure and to use t there.

That could happen. But it will take several decades for the bitcoin to be widely used in every country.


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August 01, 2016, 04:51:14 PM
 #291

Fiat or forex to most here is a stable currency so you must believe in it or you just won't use it. And who can honestly say they don't use it most of the time when they are purchasing this i n their daily lives?  Huh
It is a necessary evil most would say to because they would like the option to be able to use bitcoin 100% in their daily lives too.  Grin

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August 05, 2016, 07:14:20 AM
 #292

First point is that bitcoin is being used by every country their citizens just need an internet connection to take start with it, and it is true that bitcoin is not accepted by offline shops but you can easily use it online for shopping those things which you need for your offline life, and if bitcoin started to be accepted in offline life then I think the fiat will be converted by everyone to bitcoin in order to make it secure and to use t there.

That could happen. But it will take several decades for the bitcoin to be widely used in every country.

The Infrastructure for the digital coins are being built, in the mean time, the digital currency will become more popular.
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August 05, 2016, 07:16:15 AM
 #293

First point is that bitcoin is being used by every country their citizens just need an internet connection to take start with it, and it is true that bitcoin is not accepted by offline shops but you can easily use it online for shopping those things which you need for your offline life, and if bitcoin started to be accepted in offline life then I think the fiat will be converted by everyone to bitcoin in order to make it secure and to use t there.

That could happen. But it will take several decades for the bitcoin to be widely used in every country.

The Infrastructure for the digital coins are being built, in the mean time, the digital currency will become more popular.

Bitcoin has started to gain popularity now and we are seeing many more users who are getting into bitcoins, once bitcoin gets recognition at global level it will become more popular.
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August 05, 2016, 07:48:56 AM
 #294

First point is that bitcoin is being used by every country their citizens just need an internet connection to take start with it, and it is true that bitcoin is not accepted by offline shops but you can easily use it online for shopping those things which you need for your offline life, and if bitcoin started to be accepted in offline life then I think the fiat will be converted by everyone to bitcoin in order to make it secure and to use t there.

That could happen. But it will take several decades for the bitcoin to be widely used in every country.

The Infrastructure for the digital coins are being built, in the mean time, the digital currency will become more popular.

Bitcoin has started to gain popularity now and we are seeing many more users who are getting into bitcoins, once bitcoin gets recognition at global level it will become more popular.
The journey of bitcoin is so fruitful because everyday we are making the new adopters proud,this should continue in order to get the number of adoption that will make bitcoin great, and for me it requires time and ti will only happen in the future as we are in the early phase now.

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August 05, 2016, 07:56:47 AM
 #295

First point is that bitcoin is being used by every country their citizens just need an internet connection to take start with it, and it is true that bitcoin is not accepted by offline shops but you can easily use it online for shopping those things which you need for your offline life, and if bitcoin started to be accepted in offline life then I think the fiat will be converted by everyone to bitcoin in order to make it secure and to use t there.

That could happen. But it will take several decades for the bitcoin to be widely used in every country.

The Infrastructure for the digital coins are being built, in the mean time, the digital currency will become more popular.

Bitcoin has started to gain popularity now and we are seeing many more users who are getting into bitcoins, once bitcoin gets recognition at global level it will become more popular.
The journey of bitcoin is so fruitful because everyday we are making the new adopters proud,this should continue in order to get the number of adoption that will make bitcoin great, and for me it requires time and ti will only happen in the future as we are in the early phase now.

Yes we need to give some time to bitcoin to grow as bitcoin is still new to many people and many of them don't know how to use it, but things will move positively in future.
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August 05, 2016, 08:10:22 AM
 #296

First point is that bitcoin is being used by every country their citizens just need an internet connection to take start with it, and it is true that bitcoin is not accepted by offline shops but you can easily use it online for shopping those things which you need for your offline life, and if bitcoin started to be accepted in offline life then I think the fiat will be converted by everyone to bitcoin in order to make it secure and to use t there.

That could happen. But it will take several decades for the bitcoin to be widely used in every country.

The Infrastructure for the digital coins are being built, in the mean time, the digital currency will become more popular.

Bitcoin has started to gain popularity now and we are seeing many more users who are getting into bitcoins, once bitcoin gets recognition at global level it will become more popular.
The journey of bitcoin is so fruitful because everyday we are making the new adopters proud,this should continue in order to get the number of adoption that will make bitcoin great, and for me it requires time and ti will only happen in the future as we are in the early phase now.

Yes we need to give some time to bitcoin to grow as bitcoin is still new to many people and many of them don't know how to use it, but things will move positively in future.

And it should be avoided to scare people away. If I think of the recent hack, that is something the owners of the exchanges really should learn a lesson from.
Keep the sites safe in order to keep the peoples trust in bitcoin.
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August 05, 2016, 08:13:28 AM
 #297

First point is that bitcoin is being used by every country their citizens just need an internet connection to take start with it, and it is true that bitcoin is not accepted by offline shops but you can easily use it online for shopping those things which you need for your offline life, and if bitcoin started to be accepted in offline life then I think the fiat will be converted by everyone to bitcoin in order to make it secure and to use t there.

That could happen. But it will take several decades for the bitcoin to be widely used in every country.

The Infrastructure for the digital coins are being built, in the mean time, the digital currency will become more popular.

Bitcoin has started to gain popularity now and we are seeing many more users who are getting into bitcoins, once bitcoin gets recognition at global level it will become more popular.
The journey of bitcoin is so fruitful because everyday we are making the new adopters proud,this should continue in order to get the number of adoption that will make bitcoin great, and for me it requires time and ti will only happen in the future as we are in the early phase now.

Yes we need to give some time to bitcoin to grow as bitcoin is still new to many people and many of them don't know how to use it, but things will move positively in future.

And it should be avoided to scare people away. If I think of the recent hack, that is something the owners of the exchanges really should learn a lesson from.
Keep the sites safe in order to keep the peoples trust in bitcoin.

Ongoing scams are the major reason that is keeping people away from bitcoin as they have fear of loosing their money and that is logical as no one wants to loose their hard earned money.
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August 05, 2016, 12:35:25 PM
 #298

Ongoing scams are the major reason that is keeping people away from bitcoin as they have fear of loosing their money and that is logical as no one wants to loose their hard earned money.

No it's not. They aren't thinking much on the brighter side. There are lots of scam today but no one will be scam if they will not allow themselves to be scam.

Bitcoin is money so better they know the risk of investing elsewhere.

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August 05, 2016, 01:41:28 PM
 #299

i still believe in fiat, because in my offline life, there is no store that receive bitcoin as payment. because bitcoin still not accepting by every country and there are a few country that already accepting bitcoin as their payment. and if bitcoin is available on every store in my country, then maybe i use fiat as my investment  Grin
Of course, the same with my country there are not much stores that are accepting bitcoins, if I cannot use fiat then I could not survive living in our country, bitcoin is just good for online transactions and investment as well but the truth is we need the two, fiat and bitcoins.
and that is the problem of every country, may be there are few states where there will be some shops where people are accepting bitcoin in their shop, like in Brazil there are some shops where they accept bitcoin for shopping, and same is the problem in my country, i think fiat money is the main important thing in our life, with our which we cannot even thing about life, therefore i do believe on bitcoin ,
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August 05, 2016, 01:44:46 PM
 #300

i still believe in fiat, because in my offline life, there is no store that receive bitcoin as payment. because bitcoin still not accepting by every country and there are a few country that already accepting bitcoin as their payment. and if bitcoin is available on every store in my country, then maybe i use fiat as my investment  Grin
Of course, the same with my country there are not much stores that are accepting bitcoins, if I cannot use fiat then I could not survive living in our country, bitcoin is just good for online transactions and investment as well but the truth is we need the two, fiat and bitcoins.
and that is the problem of every country, may be there are few states where there will be some shops where people are accepting bitcoin in their shop, like in Brazil there are some shops where they accept bitcoin for shopping, and same is the problem in my country, i think fiat money is the main important thing in our life, with our which we cannot even thing about life, therefore i do believe on bitcoin ,

Fiat is really important part of our lives as it can be easily used everywhere and same doesn't go with bitcoin at a moment as the usage of bitcoin is very limited.
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