Cyrpto vs Fiat

[chixka000]

For now we can't consider bitcoin yet to be in the same level of fiat or i think it would never happens. But comeon bitcoin allows you to transfer fiat to your love ones in somewhere else in the world with no fees.

There is a fee but its very minimum in compare to banks and other payment systems, but a moment fiat is more popular and much more in demand in compare to bitcoins as bitcoin is still very new to many people.

Sorry it was a mistake i am actually referring to the tax that our government is taking from us. I guess it is also the main reason why more countries does not consider bitcoin as a currency because it would hard for them to track those people who does not pay taxes

[1714751571]

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[1714751571]

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[SmartIphone]

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each? 

Each of them fiat and crypto has its own place in our lifes, sometimes it is better to make payments on bitcoin rather on fiat because of the time that takes but also the fees which are much lower on bitcoin.
If you need to pay in fiat through credit card then it is a good way to use paypal to cover the card details and more secure.

In most of the cases, especially here in my country, in terms of fast transactions, bitcoin and fiat transfers/payments almost have no difference. I have a bank account that has an online banking which transfer is really instant, the same way I experienced in using bitcoin.

And Im sure it's present now in most of the countries as my country considered as still in third world country but it already has a services like that.

Maybe the transaction speed is the same or faster than bitcoin but are the fees the same or at least similar? I doubt!
Sometimes fiat is better and faster and zero fees but sometimes making international transfers it takes lots of fees and time.

[Sweetbtc]

For now we can't consider bitcoin yet to be in the same level of fiat or i think it would never happens. But comeon bitcoin allows you to transfer fiat to your love ones in somewhere else in the world with no fees.

There is a fee but its very minimum in compare to banks and other payment systems, but a moment fiat is more popular and much more in demand in compare to bitcoins as bitcoin is still very new to many people.

Sorry it was a mistake i am actually referring to the tax that our government is taking from us. I guess it is also the main reason why more countries does not consider bitcoin as a currency because it would hard for them to track those people who does not pay taxes

I think crypto currecny is far better than Fiat due to the  features like no taxes etc

[Mauser]

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each? 

Each of them fiat and crypto has its own place in our lifes, sometimes it is better to make payments on bitcoin rather on fiat because of the time that takes but also the fees which are much lower on bitcoin.
If you need to pay in fiat through credit card then it is a good way to use paypal to cover the card details and more secure.

In most of the cases, especially here in my country, in terms of fast transactions, bitcoin and fiat transfers/payments almost have no difference. I have a bank account that has an online banking which transfer is really instant, the same way I experienced in using bitcoin.

And Im sure it's present now in most of the countries as my country considered as still in third world country but it already has a services like that.

Maybe the transaction speed is the same or faster than bitcoin but are the fees the same or at least similar? I doubt!
Sometimes fiat is better and faster and zero fees but sometimes making international transfers it takes lots of fees and time.

For my everyday Shopping I have to use Fiat as the Supermarket wont accept Bitcoins yet. For my savings I use Bitcoins.

[Sponsoredby15]

Crypto Vs. Fiat Fo me i will choose Cryptocurrency because as people here in bitcoin world we use to use bitcoin currency so that we can start investment with this currency and also we can do trading in some altcoin where we can grow our money too. In Fiat if we earn more bitcoin we always change or exchange our coin into fiat so that we can use it in our life.

[SmartIphone]

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each? 

Each of them fiat and crypto has its own place in our lifes, sometimes it is better to make payments on bitcoin rather on fiat because of the time that takes but also the fees which are much lower on bitcoin.
If you need to pay in fiat through credit card then it is a good way to use paypal to cover the card details and more secure.

In most of the cases, especially here in my country, in terms of fast transactions, bitcoin and fiat transfers/payments almost have no difference. I have a bank account that has an online banking which transfer is really instant, the same way I experienced in using bitcoin.

And Im sure it's present now in most of the countries as my country considered as still in third world country but it already has a services like that.

Maybe the transaction speed is the same or faster than bitcoin but are the fees the same or at least similar? I doubt!
Sometimes fiat is better and faster and zero fees but sometimes making international transfers it takes lots of fees and time.

For my everyday Shopping I have to use Fiat as the Supermarket wont accept Bitcoins yet. For my savings I use Bitcoins.

I use fiat too for my everyday use because nobody accepts bitcoin neither heard about bitcoin anywhere but for savings it is good because If i need to I know how to spend them through bitcoin debit cards or selling in person these bitcoin.
Both fiat and bitcoin are good but are used on different places and can't never be equal.

[richkellj]

The biggest win of crypto versus fiat is that crypto is global, fiat is local.
You have dollars, sterling, euro and MANY more fiats that you have in your country and it is really difficult to take it
outside of your country, has a lot of fees. With crypto you need not any forex exchange and you can carry it instantly around the world anywhere you want without any fee and you can send it to anyone around the world without any additional fee.

Yes, you’re right, fiat money is only easy to use when that’s your local currency and you’re in your country then you can do anything with your fiat money. However, when you’re out of your comfort zone, cryptocurrency will do its magic.

It’s international so you don’t have to worry about exchanging money if you go to other country and it’s tax-free so you can save a huge amount of money and get profit from it while fiat can’t.

[shinratensei_]

For now we can't consider bitcoin yet to be in the same level of fiat or i think it would never happens. But comeon bitcoin allows you to transfer fiat to your love ones in somewhere else in the world with no fees.

There is a fee but its very minimum in compare to banks and other payment systems, but a moment fiat is more popular and much more in demand in compare to bitcoins as bitcoin is still very new to many people.

Not just in a moment, maybe you're know about this, it's already a long time before bitcoin is born, fiat is already become a global payment in the world but fiat having a various form in every country but all of that is still included on the fiat type.

[chixka000]

For now we can't consider bitcoin yet to be in the same level of fiat or i think it would never happens. But comeon bitcoin allows you to transfer fiat to your love ones in somewhere else in the world with no fees.

There is a fee but its very minimum in compare to banks and other payment systems, but a moment fiat is more popular and much more in demand in compare to bitcoins as bitcoin is still very new to many people.

Not just in a moment, maybe you're know about this, it's already a long time before bitcoin is born, fiat is already become a global payment in the world but fiat having a various form in every country but all of that is still included on the fiat type.

Yes whats good about bitcoin is that we can use only one currency. But the problem is that i think bitcoin price was based on US dollars so it would of course still affect when you converted it to other country

[serjent05]

For now we can't consider bitcoin yet to be in the same level of fiat or i think it would never happens. But comeon bitcoin allows you to transfer fiat to your love ones in somewhere else in the world with no fees.

There is a fee but its very minimum in compare to banks and other payment systems, but a moment fiat is more popular and much more in demand in compare to bitcoins as bitcoin is still very new to many people.

Sorry it was a mistake i am actually referring to the tax that our government is taking from us. I guess it is also the main reason why more countries does not consider bitcoin as a currency because it would hard for them to track those people who does not pay taxes

Well that might be one of the reason why government is hesitant in recognizing bitcoin as an international currency.  But government is clever, they might not tax all people with regular taxes but they implemented this value added tax in my country where even a kid is paying tax to the government.  It is attached in goods and services and the client have to pay it.

[n691309]

Sometimes wins fiat sometimes wins crypto. For a more stable value is fiat which its value decreases or increases slowly comparing with bitcoin or other coins which the value increases or decreases very fast, check the most recent price of bitcoin and you can see how far has dropped, bitcoin is good, fast enough and cheap to use but the value is not as we want.

One Bitcoin equeals one Bitcoin no matter what price the illiquid exchanges trade the Bitcoin for. Not many people trade at these exchanges, thats why any suden activity in trade can move the price a lot (up or down). But wait longer periods and average out and the short term price moves from illiquid markets are not big issue anymore - to accomplish this you might buy or sell small sums at regular intervals regardless of price for longer interval, then you get much fairer price from this averaging. But obviously if you dont need to buy or sell, you still holding the same amount of Bitcoins (or percentage of all Bitcoins) no matter what.

One bitcoin is one bitcoin but the price does matter really too much because people would not be interested if the bitcoin price gets at two digits or lower and if the price gets higher than now then people will be more interested and will spend their fiat to convert them in fiat.

[Yakamoto]

Sometimes wins fiat sometimes wins crypto. For a more stable value is fiat which its value decreases or increases slowly comparing with bitcoin or other coins which the value increases or decreases very fast, check the most recent price of bitcoin and you can see how far has dropped, bitcoin is good, fast enough and cheap to use but the value is not as we want.

One Bitcoin equeals one Bitcoin no matter what price the illiquid exchanges trade the Bitcoin for. Not many people trade at these exchanges, thats why any suden activity in trade can move the price a lot (up or down). But wait longer periods and average out and the short term price moves from illiquid markets are not big issue anymore - to accomplish this you might buy or sell small sums at regular intervals regardless of price for longer interval, then you get much fairer price from this averaging. But obviously if you dont need to buy or sell, you still holding the same amount of Bitcoins (or percentage of all Bitcoins) no matter what.

One bitcoin is one bitcoin but the price does matter really too much because people would not be interested if the bitcoin price gets at two digits or lower and if the price gets higher than now then people will be more interested and will spend their fiat to convert them in fiat.

One Bitcoin would be valued at one Bitcoin if I was able to buy the basic materials that I need for good X or Y straight from the supplier. Since that isn't a thing, we have to value Bitcoin in dollars because at some point it has to be exchanged for everyone to meet their needs. The only way that one Bitcoin could be valued as one Bitcoin would be if everyone can pay for everything they need in Bitcoin, going back to the very basic material suppliers. until that is possible, Bitcoin needs to have a dollar value associated with it.

[HaXX0R1337]

I think that crypto is always better than fiat, because if you can get to web, you are able to withdraw your money everywhere.
It is not possible with fiat, because not every bank has ATM's worldwide, or ATM services are worldwide. That is why i prefer crypto

[shinratensei_]

The biggest win of crypto versus fiat is that crypto is global, fiat is local.
You have dollars, sterling, euro and MANY more fiats that you have in your country and it is really difficult to take it
outside of your country, has a lot of fees. With crypto you need not any forex exchange and you can carry it instantly around the world anywhere you want without any fee and you can send it to anyone around the world without any additional fee.

Yes, you’re right, fiat money is only easy to use when that’s your local currency and you’re in your country then you can do anything with your fiat money. However, when you’re out of your comfort zone, cryptocurrency will do its magic.

It’s international so you don’t have to worry about exchanging money if you go to other country and it’s tax-free so you can save a huge amount of money and get profit from it while fiat can’t.

That's right cryptocurrency will be useless if I'm in my country but if I wanna to travelling in another country the cryptocurrency can become a good way because you can exchange your bitcoin into what a currency is you want. well for me to traveling in another country is better for using bitcoin.

[Amazon Reseller]

Crypto always top.. Bitcoin king of crypto

[darklus123]

Bitcoin advantages;

~ Decentralization aspect.
~ Storing money outside the banking system.
~ Sending and receiving money instantly around the world where the amount doesn't matter.
~ Great currency for online payments.
~ Blockchain that can be used for various purposes.
~ Fixed coin cap.
~ Amount of coins pumped in the economy halves every 4 years.

Fiat advangates;

~ Acceptance everywhere in the world.
~ Best payment tool in the offline market.

Added to fiat advantages it is much stable than bitcoin. The stability of bitcoin price was for me the biggest problem. This is mainly the reason why other people does not accept this one yet.

[TGD]

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each? 

If your in trading I much better for you to trade with crypto than Fiat. Fiat money is stable and only small amount you will earn trade with it not like crypto the price not stable if you are skill enough you will more in buy and sell it.

[JeffBrad12]

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each? 

Each of them fiat and crypto has its own place in our lifes, sometimes it is better to make payments on bitcoin rather on fiat because of the time that takes but also the fees which are much lower on bitcoin.
If you need to pay in fiat through credit card then it is a good way to use paypal to cover the card details and more secure.

In most of the cases, especially here in my country, in terms of fast transactions, bitcoin and fiat transfers/payments almost have no difference. I have a bank account that has an online banking which transfer is really instant, the same way I experienced in using bitcoin.

And Im sure it's present now in most of the countries as my country considered as still in third world country but it already has a services like that.

Maybe the transaction speed is the same or faster than bitcoin but are the fees the same or at least similar? I doubt!
Sometimes fiat is better and faster and zero fees but sometimes making international transfers it takes lots of fees and time.

This very useless to discuss which faster in the transaction bitcoin or fiat, because the basically transaction is always same just different in their fees and the institution is providing transaction service.

[squatz1]

Well, the most simple good part of fiat currency would have to be that you can use it anywhere and everywhere in your own country. Even online you can use Fiat without a problem, the one bad thing about this is that your usage can be tracked, but this is only for stuff like bank transactions as cash can't really be traced.

Crypto is very anonymous if you follow a good some good measures and such, I personally like Crypto-Currencies as an investment and I like using it a bit more then FIAT currency online as it feels a bit nicer, no clue why though.

Yeah so theirs my take on all of that!

[Bitcoinpro]

Fiat has been lifted by Crypto