Are cryptocurrencies better than regular currency

[basyang]

No, unless society is used with cashless/electronic payment method and most people have smart device with internet connection. Also, cryptocurrency is practically useless in poor country.

     I am strongly agree with your opinion, Cryptocurrency is a new to us however bitcoin has a high price it doesn't mean it can be better than the other currency we had. Nevertheless Cryptocurrency or a digital currency and virtual cuurency is having a high value than a regular currency and that is the advantage of bitcoin and it is unique.

[BitSat]

There is no point in comparing crypto-currency with fiat cash. Both are having their own advantages and disadvantages. The biggest issue with crypto-currency is their volatility. Also, there are multiple prices, as there is not one single exchange. The lack of acceptability is another issue with crypto-coins. Even now, less than 1% of the shops accept them.

You have rightly said. We cannot make a comparison of both the Crypto currency and paper money. Both are entirely different from each other and has their own pros and cons. It is just the place where you are using your money which decides whether crypto is better or paper money is.

Indeed! There is no doubt that we need both types of currencies for faster and better transactions and deals in the market. Paper money is poles apart from crypto currency and it is quite absurd to compare both of these currencies. I will love to enjoy the perks of both currencies and indeed I am using both in my daily life.

We need to use both because currently we cannot live without them some like me addicted to this bitcoin but cannot use for many things around us and they must need to use this paper money for faster transactions and cryptocurrencies is going to help for better future and better life now cannot live without this

[Gameroid]

There is no point in comparing crypto-currency with fiat cash. Both are having their own advantages and disadvantages. The biggest issue with crypto-currency is their volatility. Also, there are multiple prices, as there is not one single exchange. The lack of acceptability is another issue with crypto-coins. Even now, less than 1% of the shops accept them.

You have rightly said. We cannot make a comparison of both the Crypto currency and paper money. Both are entirely different from each other and has their own pros and cons. It is just the place where you are using your money which decides whether crypto is better or paper money is.

Indeed! There is no doubt that we need both types of currencies for faster and better transactions and deals in the market. Paper money is poles apart from crypto currency and it is quite absurd to compare both of these currencies. I will love to enjoy the perks of both currencies and indeed I am using both in my daily life.

We need to use both because currently we cannot live without them some like me addicted to this bitcoin but cannot use for many things around us and they must need to use this paper money for faster transactions and cryptocurrencies is going to help for better future and better life now cannot live without this

yes currently both are important for us, as we cannot totally depend on bitcoin for everything, as bitcoin is still not available for everything to be use, but in future we can depend on bitcoin when it will become more common and when we will start using it for everything, but currency it is important to use bitcoin as well as fiat currency for shopping and so many other purposes.

[WatchMaker]

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

Yes, bitcoin provides more freedom to people of all ages. Bitcoin also provides more security and privacy to the people on the fly.

[WoodySpoon]

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

Yes, bitcoin provides more freedom to people of all ages. Bitcoin also provides more security and privacy to the people on the fly.

In what way does Bitcoin provide freedom?

Sure it's not as heavily regulated, but transaction times on a global scale would be astronomical, and impractical.

Not to mention it's,

Not supported in many locations
Requires internet to make transactions
Unregulated
Divisible - so on a global scale - you'd be making transactions in multiple decimals

I love Bitcoin, don't get me wrong, but having a coin that's value is based purely on speculation, and with a user-base that hardly understand the inner workings of it does not give me hope that this will replace a global currency.

Regulation is good when livelihoods rely upon it. Imagine with your salary, if JP Morgan released a news article trashing the USD you lost 30% of the value of it, then further to that, you lost another 10% because China decided they weren't going to accept USD.

Where does that leave you for the month if you've essentially lost half the value of your money, not to mention, the people paying you also lose their money as they get less business.

Everyone here wants to be part of a revolution against the banks and I agree, it's nice to have some financial freedom, but getting rid of established systems for a half complete movement is ludicrous.

[Sled]

There is no point in comparing crypto-currency with fiat cash. Both are having their own advantages and disadvantages. The biggest issue with crypto-currency is their volatility. Also, there are multiple prices, as there is not one single exchange. The lack of acceptability is another issue with crypto-coins. Even now, less than 1% of the shops accept them.

You have rightly said. We cannot make a comparison of both the Crypto currency and paper money. Both are entirely different from each other and has their own pros and cons. It is just the place where you are using your money which decides whether crypto is better or paper money is.

Indeed! There is no doubt that we need both types of currencies for faster and better transactions and deals in the market. Paper money is poles apart from crypto currency and it is quite absurd to compare both of these currencies. I will love to enjoy the perks of both currencies and indeed I am using both in my daily life.

We need to use both because currently we cannot live without them some like me addicted to this bitcoin but cannot use for many things around us and they must need to use this paper money for faster transactions and cryptocurrencies is going to help for better future and better life now cannot live without this

yes currently both are important for us, as we cannot totally depend on bitcoin for everything, as bitcoin is still not available for everything to be use, but in future we can depend on bitcoin when it will become more common and when we will start using it for everything, but currency it is important to use bitcoin as well as fiat currency for shopping and so many other purposes.

We should balance our fiat and cryptocurrencies because you cannot just be using bitcoin like you said because both of them are created for different reason and that is why bitcoin is just for investment and less in using to buy things and fiat is used more often in using to buy things and paying more things in the real world. So you need to figure out how are you going to balance them both because we need those two in our life.

[Rajamuda]

Crypto currency is already proven to be good to use and its excess we can assume this currency is proven to be profitable, but if i think the regular currency is still needed and still important to use in our daily life. I don't think the two can be separated and will continues to co-exist, of course many peoples will not directly use bitcoin as a transaction in everyday life, it must change bitcoin first into a regular currency that is commonly used in the community. However i don't know how in the future, but i think in the future also seems regular currency will continues to exist.

[Ejanend]

In terms of salary bitcoin is much better because there is no tax in bitcoin unlike in regular currency that we have a huge amount of tax are getting paid every month.

Yes! Now it is very easy to transact the bitcoin currency, it is easy to transfer to the other people in case of sharing money with your close ones; it is the best source to earn more and more. It is all depends on our patience and the hard work with this currency unlike the other regular currency so if I will work with patience it will be sure that in future I will enjoy the high income with short time.

[razzbee]

they all have their good and bad sides , example once you send bitcoins to the wrong address your cash is gone, but fiat, you can trace it and if lucky get it back, also fiat can be used in the physical world .. bad sides of fiats also is government can know how much you are worth especially using your bank account and might question you the source of income, also banks accepts it making it safer to keep, with crypto after you have lost your private keys, say bye bye to your coins

[fiulpro]

Idk about mining... But I think the normal currencies are more stable and... Stability is very necessary for everyday life..and you know that you can be at ease regarding that....it sometimes makes us worried about the declining value...the btc^ no one is sure about them .... Thus I think somewhere in between is the best...

[Yadstiker]

I don't know but i think that both currencies are made for a certain purpose, and this is why in my opinion i cannot compare those currencies which is which, and which is more beneficial for me, because I am using both currencies right now, not all places you need fiat same as crypto also.

[dynospytan]

No, We still need the real currency to exchange our bitcoin into real money. Without it bitcoin is useless unless if they allowed the bitcoin as a real currency also or cashless payment system. From that we can say that crypto is now even better that regular currency. But for now we need them both so we can use them both.

[Alttradex]

Both have their advantages, at this stage one is more widespread and useable than the other but that may not be the case in the future.  Cryptocurrency can solve a lot of issues in ways regular currencies cannot, particularly in poorer/third world countries.

[Tenderino]

Decentralized crypto currencies, where everyone can participate, are of course better than a central bank owned fiat money system that loses a part of its value every year and is created based on a debt!

[Lenzie]

Crypto has a lot of advantage than fiat but fiat also has something that crypto doesn't have. Investment on crypto just required an ID and internet. Investment on money need a whole lot of requirement. Transaction on money soesn't have fee but it got tax. Crypto is decemtralized, volatile and unsafe, also unpopular. Money is not convenient.

[Fundalini]

Those two are meant to be used alongside each other because their pros and cons complement each other like how fiat could be capable of instant payment while bitcoin; it would take many process to transfer large amount of fiat while bitcoin could transfer a large amount of money overseas with great speed.

[Cherylstar86]

Those two are meant to be used alongside each other because their pros and cons complement each other like how fiat could be capable of instant payment while bitcoin; it would take many process to transfer large amount of fiat while bitcoin could transfer a large amount of money overseas with great speed.

Well it's a great and awesome appreciations about bitcoin, because transferring money overseas is not easy. Gladly here's bitcoin currency making things accountable of everything, the encryption is doing fast transactions and independently decentralized; which law could not intervene the transactions. Everything is anonymous with bitcoin that's why it surpassed the regular currency nowadays.

[Ngewex Yuk]

In terms of sophistication is definitely cryptocurrency better than regular money, for example is a matter of security, can not be falsified and decentralized so it all depends on the market.

[Dewao]

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

Even students can use bitcoin ,as long as you have a knowledge in bitcoin you can earn .

[OracionSeis]

Those two are meant to be used alongside each other because their pros and cons complement each other like how fiat could be capable of instant payment while bitcoin; it would take many process to transfer large amount of fiat while bitcoin could transfer a large amount of money overseas with great speed.

Well it's a great and awesome appreciations about bitcoin, because transferring money overseas is not easy. Gladly here's bitcoin currency making things accountable of everything, the encryption is doing fast transactions and independently decentralized; which law could not intervene the transactions. Everything is anonymous with bitcoin that's why it surpassed the regular currency nowadays.

And it is also one of reasons makes Bitcoin can not be legal . Anonymous transaction only useful with the people want to avoid someone track their money, but why do they need it? Do they create transactions for criminal purpose?