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Author Topic: Do you Still believe in Fiat?  (Read 74892 times)
Ailmand
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January 04, 2017, 01:21:17 PM
 #901

Why wouldn't I believe in fiat? Afterall this is the currency I use for my day to day expense and also I receive my salary in fiat. So most definitely I believe in fiat and I will continue doing so. Nothing seriously happened for that I have to stop believing fiat.

Bitcoin is an investment to me and nothing else. One thing I know that bitcoin investment will give me a much higher return than any other conventional investment available in the market. So I invest and store bitcoin. But fiat I use for my daily expenses. So I actually believe in both fiat and bitcoin.

That is right. We just use fiat but do not have emotions with that.


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January 04, 2017, 03:24:02 PM
 #902

I don't see any reason for not believing the fiat currency. After all, I receive my salary in fiat. So the biggest chunk of my daily expenses are made in fiat only.

Bitcoin is definitely a magic currency with which you can make a good amount of profit. But that doesn't make bitcoin a legal currency. It is just people are believing in bitcoin and hence the price is sky high.

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acroman08
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January 04, 2017, 03:46:51 PM
 #903

No doubts fiat will dominate for the coming 10-20 years (specially the big 4) but after that perhaps bitcoin , ALTs beside the other online payments gateway as well as paypal , moneybookers ,okpay .. etc will be the only type of payment available to use due to many reason safety and security be the first . time will tell .
Nope i don't think that this happen on that year fiat will never dominate paypal will never use or partnet with bitcoin because bitcoin is digital currency and paypal is company so theres an big chance that paypal will never accept bitcoin.
I have different opinion, I really sure that people will leave fiat soon, becouse use fiat is not profitable. Fiat value is always decrease. So people have to leave fiat then choose bitcoin and gold becouse both are such as safe haven stuff. I didn't believe fiat anymore.

neither bitcoin or gold is profitable nor it is a safe haven, both will only be profitable if you use or invest it wisely.
saying that you're not believing in fiat anymore is just being a hypocrite. fiat can be profitable and can be a safe
haven if you use it wisely.

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January 04, 2017, 04:21:59 PM
 #904

I don't see any reason for not believing the fiat currency. After all, I receive my salary in fiat. So the biggest chunk of my daily expenses are made in fiat only.

Bitcoin is definitely a magic currency with which you can make a good amount of profit. But that doesn't make bitcoin a legal currency. It is just people are believing in bitcoin and hence the price is sky high.

You can always convert those fiat into bitcoin and that is not an excuses. Bitcoin is not a magic currency out of nowhere , it is the future and sooner or later people might use it's technology to replace fiat. Im not saying that bitcoin will replace fiat however Im saying that people might turn fiat into a digital currency like bitcoin as well
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January 04, 2017, 04:40:43 PM
 #905

I don't see any reason for not believing the fiat currency. After all, I receive my salary in fiat. So the biggest chunk of my daily expenses are made in fiat only.

Bitcoin is definitely a magic currency with which you can make a good amount of profit. But that doesn't make bitcoin a legal currency. It is just people are believing in bitcoin and hence the price is sky high.

You can always convert those fiat into bitcoin and that is not an excuses. Bitcoin is not a magic currency out of nowhere , it is the future and sooner or later people might use it's technology to replace fiat. Im not saying that bitcoin will replace fiat however Im saying that people might turn fiat into a digital currency like bitcoin as well

Sure, I still and always believe in fiat. This has long existed and for long time.

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January 04, 2017, 04:41:11 PM
 #906

No doubts fiat will dominate for the coming 10-20 years (specially the big 4) but after that perhaps bitcoin , ALTs beside the other online payments gateway as well as paypal , moneybookers ,okpay .. etc will be the only type of payment available to use due to many reason safety and security be the first . time will tell .
Nope i don't think that this happen on that year fiat will never dominate paypal will never use or partnet with bitcoin because bitcoin is digital currency and paypal is company so theres an big chance that paypal will never accept bitcoin.
I have different opinion, I really sure that people will leave fiat soon, becouse use fiat is not profitable. Fiat value is always decrease. So people have to leave fiat then choose bitcoin and gold becouse both are such as safe haven stuff. I didn't believe fiat anymore.

People is not going to leave fiat anytime soon, western fiat that is... but if we look at China, Venezuela, Argentina, India, and all those countries... they are screwed up beyond belief, so they are going to look for ways to move their wealth out of those money eating hellholes. The hyperinflation will guarantee that those 4 countries alone push the price to 5 figures, and that isn't considering the future situation where western fiat currencies fail too, or as physical cash gets moved, bitcoin shines to never imagined highs.

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January 04, 2017, 04:57:39 PM
 #907

I don't see any reason for not believing the fiat currency. After all, I receive my salary in fiat. So the biggest chunk of my daily expenses are made in fiat only.

Bitcoin is definitely a magic currency with which you can make a good amount of profit. But that doesn't make bitcoin a legal currency. It is just people are believing in bitcoin and hence the price is sky high.

To make the long story short, I think it all depends on mutual trusts. If a government believes fiat then we have to trust it and if the government says if a particular paper having $10 written on it has the value of $10 then we must trust it. Same with the bitcoin, if people around the world think that bitcoin is worth $1,000+, then we have to consider it a $1,000+ thing. It doesn’t matter if you think bitcoin is worth $1,00,000+ because everyone must believe it at the same time.

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January 04, 2017, 05:09:21 PM
 #908

fiat is good for everyday use so yes, in my opinion we will be using it till 2025 or ever 2030

then we will have digital currency similar to USDT = 1usd
so basically "fiat" but in your phone

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January 04, 2017, 05:34:38 PM
 #909

fiat is good for everyday use so yes, in my opinion we will be using it till 2025 or ever 2030

then we will have digital currency similar to USDT = 1usd
so basically "fiat" but in your phone

 Fiat will not be out of the picture because everyone in the world use. but bitcoin will still exist in the future.



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January 04, 2017, 05:58:16 PM
 #910

Fiat still consider as the safest currency so there is no point for my goverment to forbid fiat usage as it will impact negatively into my country's economic fundamental

As time goes on , bitcoin will make poeple interest more and more because it's value getting higher recently

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January 04, 2017, 10:43:10 PM
 #911

No doubts fiat will dominate for the coming 10-20 years (specially the big 4) but after that perhaps bitcoin , ALTs beside the other online payments gateway as well as paypal , moneybookers ,okpay .. etc will be the only type of payment available to use due to many reason safety and security be the first . time will tell .
Nope i don't think that this happen on that year fiat will never dominate paypal will never use or partnet with bitcoin because bitcoin is digital currency and paypal is company so theres an big chance that paypal will never accept bitcoin.
I have different opinion, I really sure that people will leave fiat soon, becouse use fiat is not profitable. Fiat value is always decrease. So people have to leave fiat then choose bitcoin and gold becouse both are such as safe haven stuff. I didn't believe fiat anymore.

People is not going to leave fiat anytime soon, western fiat that is... but if we look at China, Venezuela, Argentina, India, and all those countries... they are screwed up beyond belief, so they are going to look for ways to move their wealth out of those money eating hellholes. The hyperinflation will guarantee that those 4 countries alone push the price to 5 figures, and that isn't considering the future situation where western fiat currencies fail too, or as physical cash gets moved, bitcoin shines to never imagined highs.
yes that is right to say and the reason is that still not more than 2 percent people of the world are not ye using bitcoin therefore most of the people are still using fiat currency.

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January 04, 2017, 11:18:02 PM
 #912

fiat is good for everyday use so yes, in my opinion we will be using it till 2025 or ever 2030

then we will have digital currency similar to USDT = 1usd
so basically "fiat" but in your phone

Fiat's only benefit right now is that the government is manipulating it to keep it steady in value. However that manipulation, whether to steady the value of a currency or to make the currency drop in value so that more exports can go abroad isn't going to last long.

Bitcoin's decentralisation is key to economic reform in future, in my opinion.

More people will definitely move to bitcoin in the future when they realise that they don't want to be in the grip of government manipulation.

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January 04, 2017, 11:23:35 PM
 #913

No doubts fiat will dominate for the coming 10-20 years (specially the big 4) but after that perhaps bitcoin , ALTs beside the other online payments gateway as well as paypal , moneybookers ,okpay .. etc will be the only type of payment available to use due to many reason safety and security be the first . time will tell .
Nope i don't think that this happen on that year fiat will never dominate paypal will never use or partnet with bitcoin because bitcoin is digital currency and paypal is company so theres an big chance that paypal will never accept bitcoin.
I have different opinion, I really sure that people will leave fiat soon, becouse use fiat is not profitable. Fiat value is always decrease. So people have to leave fiat then choose bitcoin and gold becouse both are such as safe haven stuff. I didn't believe fiat anymore.

People is not going to leave fiat anytime soon, western fiat that is... but if we look at China, Venezuela, Argentina, India, and all those countries... they are screwed up beyond belief, so they are going to look for ways to move their wealth out of those money eating hellholes. The hyperinflation will guarantee that those 4 countries alone push the price to 5 figures, and that isn't considering the future situation where western fiat currencies fail too, or as physical cash gets moved, bitcoin shines to never imagined highs.
yes that is right to say and the reason is that still not more than 2 percent people of the world are not ye using bitcoin therefore most of the people are still using fiat currency.

Yes of course i still believe in fiat because its the declared fiat by our government and without fiat currency we could not convert and cash out our bitcoin stored in our online wallet. Fiat currency is very important in bitcoin transaction because once you've cash out in fiat you can use fiat currency to pay for those goods which mostly requires fiat specially in buying foods at the fast food chains.

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January 04, 2017, 11:34:34 PM
 #914

No doubts fiat will dominate for the coming 10-20 years (specially the big 4) but after that perhaps bitcoin , ALTs beside the other online payments gateway as well as paypal , moneybookers ,okpay .. etc will be the only type of payment available to use due to many reason safety and security be the first . time will tell .
Nope i don't think that this happen on that year fiat will never dominate paypal will never use or partnet with bitcoin because bitcoin is digital currency and paypal is company so theres an big chance that paypal will never accept bitcoin.
I have different opinion, I really sure that people will leave fiat soon, becouse use fiat is not profitable. Fiat value is always decrease. So people have to leave fiat then choose bitcoin and gold becouse both are such as safe haven stuff. I didn't believe fiat anymore.

People is not going to leave fiat anytime soon, western fiat that is... but if we look at China, Venezuela, Argentina, India, and all those countries... they are screwed up beyond belief, so they are going to look for ways to move their wealth out of those money eating hellholes. The hyperinflation will guarantee that those 4 countries alone push the price to 5 figures, and that isn't considering the future situation where western fiat currencies fail too, or as physical cash gets moved, bitcoin shines to never imagined highs.
yes that is right to say and the reason is that still not more than 2 percent people of the world are not ye using bitcoin therefore most of the people are still using fiat currency.

Yes of course i still believe in fiat because its the declared fiat by our government and without fiat currency we could not convert and cash out our bitcoin stored in our online wallet. Fiat currency is very important in bitcoin transaction because once you've cash out in fiat you can use fiat currency to pay for those goods which mostly requires fiat specially in buying foods at the fast food chains.

Whether its fast food chain or for some other needs right now fiat is most needed due to the small percentage of cryptocurrency acceptance compared to fiat. Also fiat is the basic from which everything got evolved as different forms based upon requirements as cryptocurrency, altcoins, wallets, cards, cashless system etc. Crypts act as an alternative solution but defeat fiat take its role is something against the financial ecosystem.



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January 05, 2017, 12:19:56 AM
 #915

i still believe fiat, I meet the daily needs such as electricity, water, food, clothing. using what if I don't believe in fiat? bitcoin? in my country bitcoin still not accepted as means of payment

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January 05, 2017, 12:29:02 AM
 #916

In the all mass of people only 20% have a smartphone. Such daily thing that we think already gotten by everyone. But no. I think that is gonna be the same with bitcoin. Only some percent of people will use only that, like 20% and 80% will use fiat. So I believe in fiat.
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January 05, 2017, 03:15:48 AM
 #917

In the all mass of people only 20% have a smartphone. Such daily thing that we think already gotten by everyone. But no. I think that is gonna be the same with bitcoin. Only some percent of people will use only that, like 20% and 80% will use fiat. So I believe in fiat.
Fiat will always be here, bitcoin is just something we can use as alternative money, people with online transaction interest will mostly use it if they understand the entire system but since fiat is easy, it's more popular than bitcoin.

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January 05, 2017, 03:28:52 AM
 #918

i still believe fiat, I meet the daily needs such as electricity, water, food, clothing. using what if I don't believe in fiat? bitcoin? in my country bitcoin still not accepted as means of payment
Well, that's for now because bitcoin is not that big enough in terms of adoption. There's still many people who are potential to use bitcoin which has not been educated about bitcoin yet, it needs time to realize what we want but for now, we must be contented what bitcoin has already achieved.

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January 05, 2017, 03:32:01 AM
 #919

i still believe fiat, I meet the daily needs such as electricity, water, food, clothing. using what if I don't believe in fiat? bitcoin? in my country bitcoin still not accepted as means of payment
But using fiat is inflict financial loss. For the begining fiat is just representation of gold becouse bring gold everywhere is not practicaly. So the amount of fiat equal to amount of gold. But gorverntment printing fiat regardless the amount of the amount of gold. Inflation makes fiat value decrease. So as smart people we should not believe to fiat.


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January 05, 2017, 07:49:20 AM
 #920

i still believe fiat, I meet the daily needs such as electricity, water, food, clothing. using what if I don't believe in fiat? bitcoin? in my country bitcoin still not accepted as means of payment
But using fiat is inflict financial loss. For the begining fiat is just representation of gold becouse bring gold everywhere is not practicaly. So the amount of fiat equal to amount of gold. But gorverntment printing fiat regardless the amount of the amount of gold. Inflation makes fiat value decrease. So as smart people we should not believe to fiat.
Knowing that the fiat is not backed by gold anymore doesn't make us smart, it makes us informed. I didn't know about this before but I've read a couple of posts about it. If people are just as informed as we are, then they might ditch fiat and join the bitcoin club. Grin Fiat is becoming more and more like a "Score" in a game which literally has no value but lets you track what you've done so far. The only difference with the score in a game is that you can spend your fiat. Regardless, fiat is still valueless (since it's not backed by gold anymore), but people thinks that it has value and would do horrible things just to obtain more and more fiat.

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