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Author Topic: Do you Still believe in Fiat?  (Read 74821 times)
groll
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November 25, 2016, 07:01:30 PM
 #641

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.

Yes i agree with you!fiat is very important, we should always remember that bitcoin is just an alternative ways of payment. Bitcoins is very useful but lets not compare it with fiat, fiat is very important for us because we are using fiat everyday and if you are about to use your bitcoins, we are also converting it on fiat. Lets not forget that fiat has no limit unlike on bitcoins.
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November 26, 2016, 07:52:56 AM
 #642

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.

Yes i agree with you!fiat is very important, we should always remember that bitcoin is just an alternative ways of payment. Bitcoins is very useful but lets not compare it with fiat, fiat is very important for us because we are using fiat everyday and if you are about to use your bitcoins, we are also converting it on fiat. Lets not forget that fiat has no limit unlike on bitcoins.

Yeah, I agree too, without fiat, bitcoin is incomplete, bitcoin is here because of fiat. For example, if we earn bitcoin than we have no alternative like fiat, So how we can use it and convert it?
A huge people earn the bitcoin but they are not totally use the bitcoin on online, they do first of all convert the bitcoin into fiat and then they earn from bitcoin and use it in different ways. 

.WHERE DOES BITCOIN PRICE GO
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November 26, 2016, 05:47:57 PM
 #643

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.

Yes i agree with you!fiat is very important, we should always remember that bitcoin is just an alternative ways of payment. Bitcoins is very useful but lets not compare it with fiat, fiat is very important for us because we are using fiat everyday and if you are about to use your bitcoins, we are also converting it on fiat. Lets not forget that fiat has no limit unlike on bitcoins.

Yeah, I agree too, without fiat, bitcoin is incomplete, bitcoin is here because of fiat. For example, if we earn bitcoin than we have no alternative like fiat, So how we can use it and convert it?
A huge people earn the bitcoin but they are not totally use the bitcoin on online, they do first of all convert the bitcoin into fiat and then they earn from bitcoin and use it in different ways.  

I think you mean criterion bitcoin value. Indeed without fiat we can't measure how much value bitcoin have, since bitcoin designed as alternative currency, fiat is the main criterion for measuring other future currency.
And yes people usually exchange it to fiat for any reason, the main reason is there's still few bitcoin merchant in this world which bring through people to exchange it to fiat for buying their needs.
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November 26, 2016, 06:13:10 PM
 #644

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.

Yes i agree with you!fiat is very important, we should always remember that bitcoin is just an alternative ways of payment. Bitcoins is very useful but lets not compare it with fiat, fiat is very important for us because we are using fiat everyday and if you are about to use your bitcoins, we are also converting it on fiat. Lets not forget that fiat has no limit unlike on bitcoins.
But bitcoin is very efficiently taking the place of fiat and are working as a normal currency perfectly and conveniently so we can compare it with fiat and can consider it as a unique currency like all other currencies. Fiat is also important but if bitcoin is giving us more convenient and benefits then bitcoin is more important.

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November 26, 2016, 06:25:07 PM
 #645

Why shouldn't I believe in Fiat? Governmental regulation guarantees stability in a way. I understand that Bitcoin is profitable and popular and yet we all mostly use fiat money, right? Because that's the money for which you can really buy something.
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November 27, 2016, 12:05:05 AM
 #646

It's not a matter of believing in fiat. It's more about understanding how it works and how and why it can be manipulated.
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November 27, 2016, 02:56:27 AM
 #647

It's not a matter of believing in fiat. It's more about understanding how it works and how and why it can be manipulated.
Well, may I know how can a fiat be manipulated? Seems very new to me so please do enlighten me.

Fiat for me is not an investment but as money that we can use for our daily lives, it inflates it's value but we still have to believe it as fiat does not need us but we need fiat to survive.

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November 27, 2016, 03:19:18 AM
 #648

No. I'm from LATAM and every currency here is fcked up. The government can't do a right thing and with coins it's the same... fiat is based in the government predictions and by the whole administration of the country.. so, what I really like in Bitcoin (and 'course I hate in fiat) is the fact that it doesn't depend so much of an specific country, and the act of the stablishment of a single country  cannot affect the currency at all, and this way, our money is intact because it is like a "tangent currency" used to surpass fcked gov't official currencies.


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November 27, 2016, 04:09:07 AM
 #649

Why shouldn't I believe in Fiat? Governmental regulation guarantees stability in a way. I understand that Bitcoin is profitable and popular and yet we all mostly use fiat money, right? Because that's the money for which you can really buy something.
people just ddid not believe on how government manage the tax funds ,
mostly see it as the biggest corruption ,
with decentralization like bitcoin people will not worry bout nothin ,
they will just worry about themselves as you are your own bank regulated by yourself.

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November 27, 2016, 04:16:41 AM
 #650

I feel like a noob since IDK what Fiat is

Can anyone give me some reading sources, im a big dummy
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November 27, 2016, 05:04:33 AM
 #651

I feel like a noob since IDK what Fiat is

Can anyone give me some reading sources, im a big dummy
In the first place you shouldn't be here, you are insulting your self. It's online mate and every information is possible, you need to learn it as it just requires you some initiative to do.

The answer is research.



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daringdiscovered
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November 27, 2016, 05:50:45 AM
 #652

I still believe in fiat because bitcoin is nothing if there is no fiat. But in terms of value i believe more in bitcoin. Through the years bitcoin's value is continuously rising. From its 200$ price when i started using it and now it is almost 800$. And it will rise even more in the future. Maybe next year it will hit 1000$ or more.
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November 27, 2016, 06:25:26 AM
 #653

I still believe in fiat because bitcoin is nothing if there is no fiat. But in terms of value i believe more in bitcoin. Through the years bitcoin's value is continuously rising. From its 200$ price when i started using it and now it is almost 800$. And it will rise even more in the future. Maybe next year it will hit 1000$ or more.
Well, its good to be optimistic, the price is great and it's progressive so it's good to consider investing now. The past is the best basis since on a yearly basis we see bitcoin is growing it's value. We just have to believe that people will accept bitcoin that it's a big help for them so they will not hesitate to adopt.

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November 27, 2016, 12:52:21 PM
 #654

It's not a matter of believing in fiat. It's more about understanding how it works and how and why it can be manipulated.
Well, may I know how can a fiat be manipulated? Seems very new to me so please do enlighten me

There is nothing new under the moon

Manipulating a national currency ("fiat"), if we can call that so, is one of the primary aims that central banks are pursuing. It is properly called monetary policy and includes a lot of instruments, outright administrative and purely economic, that basically aim at regulating how much money is in the economy at any given moment and ultimately controlling inflation rates. The most used tools are changing reserve requirements, i.e. what part of their money banks should hold as reserves in the Central bank, and through interest rates, i.e. at which interest rate the banks can lend these reserves to other banks



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Babayega31
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December 01, 2016, 12:53:04 PM
 #655

Why shouldn't I believe in Fiat? Governmental regulation guarantees stability in a way. I understand that Bitcoin is profitable and popular and yet we all mostly use fiat money, right? Because that's the money for which you can really buy something.


Yes i should believe in fiat, because its mostly used in our economic growing businesses in our country. Bitcoin is great actually in digital currency trading and good in profit gaining source but fiat is more popular and recognized in our country's government.

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December 01, 2016, 03:54:52 PM
 #656

Like it or not we have to believe,it's part of our system,government imposed to it's citizen,you cannot boycott it,because you're using it daily and it's why you exist in your country,you can only get it out of your system if you are alone in a jungle.

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December 02, 2016, 07:13:00 AM
 #657

Like it or not we have to believe,it's part of our system,government imposed to it's citizen,you cannot boycott it,because you're using it daily and it's why you exist in your country,you can only get it out of your system if you are alone in a jungle.

And we don't have choice but to keep on using it because it is massively used world wide. Because even though we wanted to use bitcoin, we are just few in the world that are using it as of now. So, we just need to go with the flow but if a big and powerful country will be able to adopt bitcoins and totally dumps fiat, then small country will follow.

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December 04, 2016, 09:10:44 AM
 #658

Like it or not we have to believe,it's part of our system,government imposed to it's citizen,you cannot boycott it,because you're using it daily and it's why you exist in your country,you can only get it out of your system if you are alone in a jungle.

And we don't have choice but to keep on using it because it is massively used world wide. Because even though we wanted to use bitcoin, we are just few in the world that are using it as of now. So, we just need to go with the flow but if a big and powerful country will be able to adopt bitcoins and totally dumps fiat, then small country will follow.

For the time being, we have to use fiat. But in the mean time, some shops also accept the bitcoin. We should also use that.
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December 04, 2016, 09:20:48 AM
 #659

Like it or not we have to believe,it's part of our system,government imposed to it's citizen,you cannot boycott it,because you're using it daily and it's why you exist in your country,you can only get it out of your system if you are alone in a jungle.

   Its much easier to like it when you have it. Its a privilege to spent money every day, many of us here forgot that feeling. We use fiat to buy food, drinks and other things we need, just fiat can be used for many other things also.
   With a lot of money you are out, you can buy house and you can make your own electricity, water and just with a lot of money you can be independent.
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December 04, 2016, 09:34:19 AM
 #660

Like it or not we have to believe,it's part of our system,government imposed to it's citizen,you cannot boycott it,because you're using it daily and it's why you exist in your country,you can only get it out of your system if you are alone in a jungle.

   Its much easier to like it when you have it. Its a privilege to spent money every day, many of us here forgot that feeling. We use fiat to buy food, drinks and other things we need, just fiat can be used for many other things also.
   With a lot of money you are out, you can buy house and you can make your own electricity, water and just with a lot of money you can be independent.

Well fiat is definitely a part of our daily payments modes and its tough for bitcoin to take away that place. The fiat will remain even if bitcoin becomes very popular. Most of the people in the world are not ready to accept bitcoin in all their payment modes and hence fiat will remain and people will believe in it.

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