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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
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November 24, 2016, 12:59:59 AM
 #621

Why would you hate fiat?Eventhough you use credit cards as payment, fiat is always at your every transactions. In my country, fiat is mostly use because only a few about bitcoins or other online currency. Eventhough we have bitcoin, we always convert it to fiat to be able to use it in our daily expenses.
You credit card is just a means to transaction but actually you will be paying your amount due in fiat or coming from your bank deposits or accounts. It is just you do not understand the origin of transaction which is all coming from fiat.

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November 24, 2016, 02:10:57 PM
 #622

Fiat is a cancer. It only creates bubbles. We should have stayed with gold.

World population keeps rising and rising because of the FIAT bubble. Fiat creates artificial wealth but there is no wealth at all. People keep mating like rabbits and producing peasants for the system. And the system creates more bubbles

Gold, like Bitcoin, doesn't cut it where it matters most

The primary reason is that the amount of gold as well as the amount of bitcoins would almost never be optimal for the economy if any of them should be used as a means of payment. This directly follows from what money is basically used for, i.e. exchange of goods and consumption of services. You can balance the amount of hard currency with the needs of the economy through prices, but this balance would be static. Fiat, on the other hand, allows to create a dynamic self-balancing system. If used properly, of course



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November 24, 2016, 02:20:29 PM
 #623

As flawed as our current system is, the dependency of most everyone on fiat cannot be denied. It's hard to imagine living a day without using fiat for our daily transactions. Bitcoin, or any other crypto currency for that matter, cannot simply replace it right now. If another financial crisis happens, let us see what bitcoin's role will be and how it is going to affect its price.

If another financial crisis happens Bitcoin's price will be affected in a positive way that's for sure. When USD will be losing its value Bitcoin's price will be rising accordingly, so in other words you'd be able to buy same amount of things for your coins as before or even more. But I do agree that for now we can't live without using fiat.

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November 24, 2016, 02:32:27 PM
 #624

As flawed as our current system is, the dependency of most everyone on fiat cannot be denied. It's hard to imagine living a day without using fiat for our daily transactions. Bitcoin, or any other crypto currency for that matter, cannot simply replace it right now. If another financial crisis happens, let us see what bitcoin's role will be and how it is going to affect its price.

If another financial crisis happens Bitcoin's price will be affected in a positive way that's for sure. When USD will be losing its value Bitcoin's price will be rising accordingly, so in other words you'd be able to buy same amount of things for your coins as before or even more. But I do agree that for now we can't live without using fiat.

That is correct, since they are buying bitcoin to park their money. Fiat will be around always since it is our currency  needed in day to day lives. Still I do believe in fiat currency and also with bitcoin. Both are necessary for online and offline transaction.


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November 24, 2016, 02:40:38 PM
 #625

Thanks to bitcoin we got a new option if you cant trust fiat anymore. But I can say it will be living for long as long there are places that cannot be reached by technology. It will be only us who lives in cities can do it for now.


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November 24, 2016, 03:11:47 PM
 #626

Thanks to bitcoin we got a new option if you cant trust fiat anymore. But I can say it will be living for long as long there are places that cannot be reached by technology. It will be only us who lives in cities can do it for now.

Indeed mate.. bitcoin will still exist in the future and so as fiat, but fiat will not be out of the picture because everyone in the world uses it, bitcoin value is also depending on fiat. Without fiat, bitcoin will be worthless.

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November 24, 2016, 03:24:30 PM
 #627

Thanks to bitcoin we got a new option if you cant trust fiat anymore. But I can say it will be living for long as long there are places that cannot be reached by technology. It will be only us who lives in cities can do it for now.

Indeed mate.. bitcoin will still exist in the future and so as fiat, but fiat will not be out of the picture because everyone in the world uses it, bitcoin value is also depending on fiat. Without fiat, bitcoin will be worthless.

Actually, I believe in both because I need both into my life for doing differents purpose. I need fiat for doing my groceries or otherwise I will starving to death Wink. The bitcoins is to have the opportunity for holding value into my wallet and have a good investment for the future. Also, with bitcoins, I can transfer money oversee without much effort on my part, thank for the blockchain technology.
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November 24, 2016, 03:29:38 PM
 #628

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

I will always believing in fiat because im always using it everytime im selling or converting my profit bitcoin into fiat money and if there's an thing or there an website that i can use my bitcoin to buy anything i want then i don't need anymore to convert my bitcoin into fiat.
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November 24, 2016, 03:33:00 PM
 #629

Thanks to bitcoin we got a new option if you cant trust fiat anymore. But I can say it will be living for long as long there are places that cannot be reached by technology. It will be only us who lives in cities can do it for now.

As you said bitcoin has given a new option to the ones who may don't trust fiat, but still the ones who are using bitcoin or the ones who does not believe in fiat are still using bitcoin because they need to, bitcoin is not yet used everywhere we spend fiat, so we are still compel to use fiat even if we don't believe it.
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November 24, 2016, 03:35:47 PM
 #630

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

Fiat is all we need when we need physical money or another money because in fiat we can buy what we want in online some of website are don't really accept bitcoin as a payment method and if gove supplied housing or drugs using bitcoin it can really be happen in dark web.

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November 24, 2016, 04:04:45 PM
 #631

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

I will always believing in fiat because im always using it everytime im selling or converting my profit bitcoin into fiat money and if there's an thing or there an website that i can use my bitcoin to buy anything i want then i don't need anymore to convert my bitcoin into fiat.

As most suggestions I too believe in fiat, because it is not that easy to buy anything with bitcoin at the moment because only limited products were available in limited stores. With fiat can purchase anything we need after converting our bitcoin to fiat.



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November 24, 2016, 05:44:33 PM
 #632

Yes I still believe in the bitcoin because it has a great future and will go to a higher amount without any doubts.
It will stay here for most of the time in my eyes.
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November 25, 2016, 12:11:23 AM
 #633

Yes I still believe in the bitcoin because it has a great future and will go to a higher amount without any doubts.
It will stay here for most of the time in my eyes.

You surely not reading what this thread is all about.

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

I will always believing in fiat because im always using it everytime im selling or converting my profit bitcoin into fiat money and if there's an thing or there an website that i can use my bitcoin to buy anything i want then i don't need anymore to convert my bitcoin into fiat.

As most suggestions I too believe in fiat, because it is not that easy to buy anything with bitcoin at the moment because only limited products were available in limited stores. With fiat can purchase anything we need after converting our bitcoin to fiat.

We don't have a choice but to believe fiat within these days because usage of bitcoin is still limited and not all the people knows about it. But once the whole government of the world started to recognize bitcoin and dumps totally paper money. Many of us will lose interest with fiat.

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November 25, 2016, 05:32:37 AM
 #634

This is most stupid question I came across so far. I see no reason, why I should not believe in fiat! Fiat is a government backed currency and also backed by a physical asset like gold. So it is the most reliable currency so far.

On the other hand bitcoin is an anonymous currency and backed only by human trust. People are believing in it and hence it is going strong. If people stops believing in bitcoin, the price will come down drastically. So if any such things happen for fiat currency, the respective government will step in and take measure to stop the falling price. So fiat is the most trusted currency.

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November 25, 2016, 05:43:16 AM
 #635

There is no reason to believe in fiat at all, and to be frank, there is no reason to believe in the government either. Fiat is backed by a shaky government in power solely because it can import anything it wants and screw over anyone that doesn't want to listen to them.

Fiat will eventually be on its way out, one way or another. There is no way to keep the scheme running forever. It will eventually collapse, and because of this, there is no faith to be put in it.
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November 25, 2016, 08:29:44 AM
 #636

There is no reason to believe in fiat at all, and to be frank, there is no reason to believe in the government either. Fiat is backed by a shaky government in power solely because it can import anything it wants and screw over anyone that doesn't want to listen to them.

Fiat will eventually be on its way out, one way or another. There is no way to keep the scheme running forever. It will eventually collapse, and because of this, there is no faith to be put in it.

Well i think its been running long enough that most people's finances revolve around fiat. I mean right now we really have no choice but to believe in it because we need it. It may be replaced in time but i don't t think it would be anytime soon

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November 25, 2016, 08:40:18 AM
 #637

This is most stupid question I came across so far. I see no reason, why I should not believe in fiat! Fiat is a government backed currency and also backed by a physical asset like gold. So it is the most reliable currency so far.

On the other hand bitcoin is an anonymous currency and backed only by human trust. People are believing in it and hence it is going strong. If people stops believing in bitcoin, the price will come down drastically. So if any such things happen for fiat currency, the respective government will step in and take measure to stop the falling price. So fiat is the most trusted currency.

You got it, many are just thinking that bitcoin will replace the fiat / paper money easily. But of course, as long as the government will not recognize any new currency or crypto, we don't have choice but to keep on believing and using fiat money. So you just need to believe it and continuously use it as it has monetary value governed by the government.



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November 25, 2016, 08:48:32 AM
 #638

Yes I still believe in the bitcoin because it has a great future and will go to a higher amount without any doubts.
It will stay here for most of the time in my eyes.

The question is about fiat, it is not about bitcoin. OP is asking if you still believe in fiat or not.
Well, for me fiat is still believable as right now we cannot use bitcoins where we can use fiat so not trusting fiat will leave us no option for now.
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November 25, 2016, 08:56:30 AM
 #639

Yes I still believe in the bitcoin because it has a great future and will go to a higher amount without any doubts.
It will stay here for most of the time in my eyes.
I think if you bitcoin investor and you do not believe in bitcoin, I think it will only harm you, because bitcoin prices fluctuate, if you do not believe in bitcoin, surely you will always panic when the price falls,


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November 25, 2016, 01:18:47 PM
 #640

Yes I still believe in the bitcoin because it has a great future and will go to a higher amount without any doubts.
It will stay here for most of the time in my eyes.
I think if you bitcoin investor and you do not believe in bitcoin, I think it will only harm you, because bitcoin prices fluctuate, if you do not believe in bitcoin, surely you will always panic when the price falls,
We believe but our faith is not that strong, we will be tested really if we are an investor because the price of bitcoin does not only move in one direction. Sometimes it pump and sometimes it dumps, but what matters to us is the future.

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