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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
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November 06, 2016, 08:22:10 AM
 #561

I strongly  believe on fiat  no matter what  because we are dependent on  it  on  daily basis and we cant survive  if  theres  no fiat after all.  Bitcoin is  a  digital currency and  even  though how  bitcoin would   be succesful there  no  chance that  it  would replace fiat anytime soon.  I strongly believe  on fiat.
Yes, I myself will continue to trust fiat. Because fiat virtually impossible to eliminate. I believe bitcoin will be successful but will not affect fiat because bitcoin will only be successful in the digital currency. Fiat will continue to be used because I think it is too perfect to use in reality and the identity of the country's economy.
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November 06, 2016, 08:33:19 AM
 #562

I believe in fiat. and I, too, believe in Bitcoin. Why limit yourself. After all, you can successfully use these kinds of currency at the same time.
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November 06, 2016, 12:47:33 PM
 #563

I believe in fiat. and I, too, believe in Bitcoin. Why limit yourself. After all, you can successfully use these kinds of currency at the same time.
Yes we do not need to limit ourselves to earn money, fiat is still exist even bitcoin will be the top crypto currency in the future, fiat is much usable than bitcoin because not all people can access bitcoin specially for the poor individual.

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November 06, 2016, 01:04:13 PM
 #564

Yes, I believe in fiat but I think that fiat money will be replaced by crypto next 5-10 years.
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November 06, 2016, 01:26:39 PM
 #565

Yes, I myself will continue to trust fiat. Because fiat virtually impossible to eliminate. I believe bitcoin will be successful but will not affect fiat because bitcoin will only be successful in the digital currency. Fiat will continue to be used because I think it is too perfect to use in reality and the identity of the country's economy.
There is no point into trusting something just because you are using it on a daily basis.

If I take myself as an example, then I already know that I will be using fiat for many more years since it is basically the only option I have that is accepted and being used everywhere.

Me knowing that I will use fiat for many more years does however not mean that I put a single grain of trust in it. Because I don't.

Everything you own and make with fiat, is subject to the policies that the governments put up where people are constantly seeing their wealth decrease in value, and where you as (normal citizen) tax payer always end up being a victim.

People however don't feel like a victim as they see such governmental behavior as normal, while in some cases it's far from normal.

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November 06, 2016, 02:44:58 PM
Last edit: November 06, 2016, 03:08:11 PM by paramind22
 #566

Easy question to answer in one way:  who is going to refuse Fiat if you offer to give them some?  Another way of answering it is that trusting in Fiat (in most countries) or even the stock market (index type spreads/funds, blue chips) or metals has almost always been a conservative way to keep your money long term.  Chicken Little type fears have often got people selling everything they have to move to rural areas and buy crazy things, join cults, or be imbalanced in other ways.  Diversifying and risk tolerance is important.  

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November 06, 2016, 03:01:49 PM
 #567

It isn't about paper money but the physically needed valued object, imagine that you have 10 bitcoin and now you want to go shopping, what happens when you buy something? you receive physically present material so you can consider them as fiat money somehow.
Only thing we need now is global acceptance of crypto currencies to forget about the centralized banks with their paper money.

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November 06, 2016, 03:28:42 PM
 #568

I can't remove the fact that if asked between Bitcoin and Fiat Money, I would choose fiat money.  The main reason is that if i choose bitcoin, i have to undergo into trouble of converting it to fiat in order to use it to buy my daily needs.  I do believe in Bitcoin but i cannot ignore fiat money because it is the easiest thing to buy stuff in the neighborhood.
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November 06, 2016, 03:55:55 PM
 #569

I can't remove the fact that if asked between Bitcoin and Fiat Money, I would choose fiat money.  The main reason is that if i choose bitcoin, i have to undergo into trouble of converting it to fiat in order to use it to buy my daily needs.  I do believe in Bitcoin but i cannot ignore fiat money because it is the easiest thing to buy stuff in the neighborhood.

I would the same by choosing fiat as we know that the usage of bitcoin is still limited and the stores that we are going to purchase our needs with the use of bitcoin is still limited, that's why it is going to be hard for us to use bitcoin for it. And we need to convert it first with fiat money in able to use it so I would say, I still believe with fiat.



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November 06, 2016, 05:34:47 PM
 #570

Yes, I believe in fiat but I think that fiat money will be replaced by crypto next 5-10 years.
I have doubt that it will definitely occur in the coming 5 or 10 years but fiat will still remain in our pockets or in our banks and these fiat are the property of the states and are the national signs of states and they will not want them to disappear from the world finance.
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November 06, 2016, 07:03:34 PM
 #571

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
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November 06, 2016, 11:21:21 PM
 #572

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish.
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November 06, 2016, 11:27:02 PM
 #573

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish.
It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it.
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November 07, 2016, 11:49:29 AM
 #574

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish.
It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it.

I don't really agree that fiat is not as valuable as bitcoin. With how people depend on fiat, right now it's value is not on the same level as bitcoin or any crypto. Fiat is a necessity and is being used pretty much by all as not everyone can have access to crypto

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November 07, 2016, 11:52:02 AM
 #575

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish.
It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it.

I don't really agree that fiat is not as valuable as bitcoin. With how people depend on fiat, right now it's value is not on the same level as bitcoin or any crypto. Fiat is a necessity and is being used pretty much by all as not everyone can have access to crypto

Fiat is more valuable than bitcoin. Always look from where you came from.
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November 07, 2016, 12:53:57 PM
 #576

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish.
It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it.

I don't really agree that fiat is not as valuable as bitcoin. With how people depend on fiat, right now it's value is not on the same level as bitcoin or any crypto. Fiat is a necessity and is being used pretty much by all as not everyone can have access to crypto

Fiat is more valuable than bitcoin. Always look from where you came from.
Exactly, very short statement but true. Fiat is something that we are using in a daily basis and although bitcoin is now getting popular but as not as popular as fiat. Bitcoin will not survive without fiat for sure.

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November 17, 2016, 06:37:43 AM
 #577

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish.
It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it.

I don't really agree that fiat is not as valuable as bitcoin. With how people depend on fiat, right now it's value is not on the same level as bitcoin or any crypto. Fiat is a necessity and is being used pretty much by all as not everyone can have access to crypto

Fiat is more valuable than bitcoin. Always look from where you came from.
Exactly, very short statement but true. Fiat is something that we are using in a daily basis and although bitcoin is now getting popular but as not as popular as fiat. Bitcoin will not survive without fiat for sure.

Fiat won't get out of usage, even when bitcoin or other digital currencies get more popularized. Fiat is the basic for all the financial structure. It has relation to most other networks and gets used at some corner of the world even if the entire world gets into the digital trend.


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November 17, 2016, 12:18:54 PM
 #578

Yes, I believe in fiat but I think that fiat money will be replaced by crypto next 5-10 years.
if it's happen all our money will be replace with a different crypto currency right ? which be called digital currency ? im also looking forward on it. haha. but it's still a long time to wait. so im gonna save all my income and invest in different things before that time comes. I hope that many people gonna invest more in bitcoin . so it will grow more.







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November 17, 2016, 12:58:00 PM
 #579

Crypto will definitely replace fiat 20 -30 years from now. I am not saying this because I want to make profit, I've been observing the trends.

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November 17, 2016, 03:01:05 PM
 #580

I believe in the Fiat. Yes, this currency is not as valuable as the Bitcoin. But I realize the purchase was for a centralized currency. It will still be used for a long time
you are right that fiat is long time useful currrency because we can be used fiat for direct shopping in local shopping mall and i also think that fiat will be survive for always and it will be never finish.
It survives as long as a government survives. The fiat experiment has been mainly performed over the last century, since we left the gold standard and look towards other forms of money, in this case fiat. Fiat money is a rare occurrence throughout history, and hasn't really worked from what we see. Fiat will exist only as long as the empires that issue it.

I don't really agree that fiat is not as valuable as bitcoin. With how people depend on fiat, right now it's value is not on the same level as bitcoin or any crypto. Fiat is a necessity and is being used pretty much by all as not everyone can have access to crypto

Fiat is more valuable than bitcoin. Always look from where you came from.
Exactly, very short statement but true. Fiat is something that we are using in a daily basis and although bitcoin is now getting popular but as not as popular as fiat. Bitcoin will not survive without fiat for sure.

Fiat won't get out of usage, even when bitcoin or other digital currencies get more popularized. Fiat is the basic for all the financial structure. It has relation to most other networks and gets used at some corner of the world even if the entire world gets into the digital trend.

 Yes, undeed true!fiat will continouesly use by all people. Fiat is a currency that the government establish it regulation and law. What if we are all using digital money, although it has low cost of fee, still there was a disavantages of using digital money.
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