Cyrpto vs Fiat

[justdimin]

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.

[entrepmind23]

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? 

In cryptocurrency,you can access it anywhere you go and you can send payment to someone even if it is a large amount and no one will ask for any supporting documents from you to explain why that big amount and for what purpose and the transaction is quite fast like it would take minutes for the amount to be sent while in fiat, when you try to send someone a significant amount you need supporting documents and identification to push through with the transaction and it may take days or weeks just to send the amount.

You can send someone money with a lesser transaction fee compared to using fiat when you have to send it through money exchange which has bigger charges and may take a chunk of the amount you intend to send.

I think the disdvantage of cryptocurrency against fiat is that cryptocurrency cannot be use in buying items like the daily needs in a supermarket or in any other shops that did not adopt cryptocurrency yet as payment option because fiat is still the one widely used by people.

[Herbert2020]

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.

the problem with cryptocurrencies is the adoption of them, which has not yet fully happened. so it doesn't matter if you have the ability to use them anywhere when there is no place to spend your coins directly when you can do it with USD.
but i hope in the future this changes and we can see more places start accepting bitcoin.

[X-ray]

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.

the problem with cryptocurrencies is the adoption of them, which has not yet fully happened. so it doesn't matter if you have the ability to use them anywhere when there is no place to spend your coins directly when you can do it with USD.
but i hope in the future this changes and we can see more places start accepting bitcoin.

i can say the bitcoin adoption depending on how much people which is advanced on technology,and fortunately the amount of those people is increasing year and year,so it's actually about the time,when everyone uses technology,bitcoin will be automatically popular

[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.

the problem with cryptocurrencies is the adoption of them, which has not yet fully happened. so it doesn't matter if you have the ability to use them anywhere when there is no place to spend your coins directly when you can do it with USD.
but i hope in the future this changes and we can see more places start accepting bitcoin.

i can say the bitcoin adoption depending on how much people which is advanced on technology,and fortunately the amount of those people is increasing year and year,so it's actually about the time,when everyone uses technology,bitcoin will be automatically popular

That's right, because in this time easy to access the technology and I sure the total of people is become advanced in technology will increase and there are a many person is adopt bitcoin, but maybe not for some region is not having an enough facility to access the technology.

[pereira4]

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.

Indeed, anyone can now start trading without any permission needed. Trading and in general having a bank is a luxury that a smart % of population can afford. Bitcoin is a real gamechanger that can bank 4 billion people, and by then 1 coin will be worth millions of inflation-adjusted dollars.

[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.

[Leonard2016]

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.

Indeed, anyone can now start trading without any permission needed. Trading and in general having a bank is a luxury that a smart % of population can afford. Bitcoin is a real gamechanger that can bank 4 billion people, and by then 1 coin will be worth millions of inflation-adjusted dollars.

that is actually a problem with this way it works because now anybody can trade crypto currencies even with no prior knowledge. and this lack of knowledge makes it easy to others to dump their coins on these people who buy into their pumps.

[BitcoinPC]

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? 

For example, if you have fiat money, and you wanna do some investment or trading and any other way but main thing is that you want to utilize your fiat currency, where you get profit monthly or day base, So crypto currency is helpful for those people who know about it, like you and me, so we start investment into crypto currency like bitcoin from fiat money and earn the profit routine vise.       

[eddyubachs]

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.

[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.

[raphma]

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? 

no no, only one thousands of times.

[bitcoinmasterlord]

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.

Bitcoins are not just only new to many people but mainly used in gambling, porn and some dark market dealings, and it is not much popular in mainstream business. So it takes quite a long time to go to the mainstream and until then fiat is more popular. As of now If I need to use to buy something in my country online then I need to first convert bitcoins to fiat then only I can do online purchases.

[harizen]

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.

[pooya87]

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.

but that amount of fee is negligible if you are not doing a micro transaction.
in comparison when you send a thousand dollars using normal ways for fiat transfer you have to pay a percentage of the amount which is a very large amount depending on the method you use.
but when you use bitcoin it doesn't matter how big your amount of money is, the fee is always tiny amount.

[Mauser]

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.

but that amount of fee is negligible if you are not doing a micro transaction.
in comparison when you send a thousand dollars using normal ways for fiat transfer you have to pay a percentage of the amount which is a very large amount depending on the method you use.
but when you use bitcoin it doesn't matter how big your amount of money is, the fee is always tiny amount.

Yeah the bitcoin fee for transactions is much lower than the fees you have to pay banks. Same with the  transaction time, a bank transfer takes 1-3 days depending on the countries involved. With bitcoins it takes a few minutes only.

[beerlover]

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.

Indeed, anyone can now start trading without any permission needed. Trading and in general having a bank is a luxury that a smart % of population can afford. Bitcoin is a real gamechanger that can bank 4 billion people, and by then 1 coin will be worth millions of inflation-adjusted dollars.

Cryptos and fiats have their own dominance or superiorities.
In terms of usability, it's obviously fiat's since they have more usability from around the globe, like USD for example. I'm pretty this currency is used at almost all parts of the world, if not, all countries have exchangers that accepts usd.
In terms of transaction speed, it's crypto's since it's almost instant when transferring money with them and it doesn't have that much of a fee (only around 2cents more or less).

[noormcs5]

for me and i don't think in my country men are where the same techniques i only use cryptocurrency to gamble or to make trade into another coin where i can grow my bitcoins by exchange them or to sell them i also use bitcoin/cyrpto to invest in some website where i can trust my bitcoin with and then if my bitcoin grow i hold it until i need it to buy fiat where it can help me on my daily living or i buy items that more useful to me example foods new clothes etc.

That is the usual thing to do in bitcoin or crypto currency investing, trading and gamble but in the end it will be exchange it to fiat and that OP's title i think that is wrong to have versus i think it would be advantages of crypto currency to fiat or vise versa.

Cryto currency has lot of advantage over Fiat. Even if you see one aspect of trading, you have a lots of option of trading Alts. There are not much option of trading Fiat and also their prices don't change quickly to give quick profit.

[xIIImaL]

for me and i don't think in my country men are where the same techniques i only use cryptocurrency to gamble or to make trade into another coin where i can grow my bitcoins by exchange them or to sell them i also use bitcoin/cyrpto to invest in some website where i can trust my bitcoin with and then if my bitcoin grow i hold it until i need it to buy fiat where it can help me on my daily living or i buy items that more useful to me example foods new clothes etc.

That is the usual thing to do in bitcoin or crypto currency investing, trading and gamble but in the end it will be exchange it to fiat and that OP's title i think that is wrong to have versus i think it would be advantages of crypto currency to fiat or vise versa.

Cryto currency has lot of advantage over Fiat. Even if you see one aspect of trading, you have a lots of option of trading Alts. There are not much option of trading Fiat and also their prices don't change quickly to give quick profit.

In trading case I will accept that because I have noticed many of the people Lost their money in fiat trading This is too high comparatively with cryptocurrency. Crypto acts as payment mode and money as well but fiat is not like that...

[Fatanut]

In the offline world, you can't actually use crypto. Most people don't even know it, so fiat is still a necessity if you want to live in this world. I see no downside in fiat as it is accepted anywhere in the world.

In the online world, it's quite easy to earn crypto. It's also easy to use it. The main advantage of fiat over crypto is that you can trade it and earn profit out of just trading for a short while. The disadvantage in using crypto is that you can only use it online, if there's no internet connection, then you can't use it.