Do you Still believe in Fiat?

[acroman08]

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.

[shulio]

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

[ahmia39]

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.

[cellard]

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.

[Dudeperfect]

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.

[Maciek]

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

[aryana42]

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.

[izanagi narukami]

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

[mrbigmugs]

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.

[Yuuto]

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.

[Babayega31]

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.

[Vaskiy]

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.

[ufaiz50]

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

[Tanic]

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.

[Positid]

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.

[Kasabus]

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.

[agamasrori]

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.

[Fatanut]

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. 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.

[X-ray]

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.

at the beginning fiat is not a representation of gold but it was made to replace the current method in the medieval age and it's often called barter, and now gold have nothing to do with the amount of paper money printed

[Arrakeen]

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.

at the beginning fiat is not a representation of gold but it was made to replace the current method in the medieval age and it's often called barter, and now gold have nothing to do with the amount of paper money printed

Dude...what?  I just got back from the hospital as I had an aneurysm reading your post.

"at the beginning fiat is not a representation of gold but it was made to replace the current method in the medieval age"

https://i.imgur.com/h0LjtCP.gif

Trying to decipher that here, let me know if i'm following you:

1. fiat begins
2. made to replace current method
3. current method is actually medieval method
4. gold not linked to fiat

ok....so what's your point, considering none of those four points relate to each other (or 'believing in fiat')

Also, your reply to agamasrori is almost exactly what he wrote - not to mention the writing style/structure being nearly identical.  Are you guys from the same geographic location?  Honest question, when I read similar writing styles I often wonder if this is a specific 'dialect' of butchering English, or if everyone's just trying to type as fast as freaking possible.

I know I sound like a dick but please don't take offense.  I blame Dragon Naturally Speaking™