Are cryptocurrencies better than regular currency

[Portia12]

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.

yeah same bro i also believe that bitcoin is better than all currency. crypto also is better than traditional currency it because the price is higher compare to traditional and all cryptocurrency gets unstable price thats why crypto is very good compare to traditional currency.

[MyIdeas]

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.

If you say that bitcoin is better than fiat for transaction, I won't agree. because bitcoin is a horrible transaction processor. It takes at least 30 minutes for a transaction to get confirmed. That's not fit for real world transaction. However, if you say that bitcoin is a better investment than fiat investment, then I will surely agree. Because the kind of return bitcoin can give no other real world investment will be able to provide.

Bitcoin Is away better than all flat currencies in all aspects it gives its user room to earn transact and trade while sitting at home here as cash money is full of risk and stable price gives no profit to the owner, flat currencies are confined to the region where as bitcoin is versatile and it is accepted in all major parts of world no make decision at own which is better.

[thet]

Yes, it is, i can earn in cryptocurrency while in ordinary currency it takes time to earn a little profit.

[FUD Expert]

Yes. Fiats get old and they can be tear apart or burned. They also release prints of new versions of them to replace the old ones and btc won't encounter things like those.

[jamids]

Cryptocurrencies are better for investment and speculation because through it, you can earn big compared to investing in stocks using fiat that has stable values and you may wait for a few years to profit from it or at least double your money whereas in cryptocurrency, if the timing is right, you can just invest or trade and if you have the right timing of buy and sell then you can double your money in just days, weeks or months. There is a huge difference in time frame of return of investment. But then we still need regular/fiat currency because it is the one use by everybody and usage of digital currency is limited nowadays because only selected merchants accept it.

[jatin729]

yes we need both,
reasons :
1. around world there are countries who does not have internet access so how they can use bitcoin instead of fiat.
2. Blockchain technology is far better and secure than traditional way of transactions thats crypto is also has potential to change the world.

[thugpi]

No, I don't think bitcoin are better than regular currency because bitcpin don't have fix value, it aometimes rise, sometimes high, so there are risk And you can't use bitcoin offline you still need internet to use your bitcoin

[Hotel_Prodeo]

Yes, cryptocurrency is decentralization and we know that the regular currency is a centralized system that creates many problems such as poverty, the centralized system makes it difficult for poor people to grow so they continue to be poor.

[Pejoh Asu]

I think not, until now bitcoin can not be used for direct transactions, many places can not accept bitcoin and still receive cash. hopefully this is the company's concern to make bitcoin easier to use like cash.

[maydna]

maybe now bitcoi is not better than regular currency because bitcoin is only reach people by internet but soon after many government approve bitcoin then bitcoin will become better. beside that bitcoin itself is still fixing and there is a lot of to do to make sure that bitcoin can work properly in the real life if bitcoin have purpose to be a real currency. once the government know that bitcoin can help many people and bitcoin can give benefit for their citizen, i think the government will accepting bitcoin as the payment too.

[lordquanta]

I think not, until now bitcoin can not be used for direct transactions, many places can not accept bitcoin and still receive cash. hopefully this is the company's concern to make bitcoin easier to use like cash.

Bitcoin is being used for direct transactions however it is not feasible as regular currency. Bitcoin is better suited transaction of money from one country to other or inter bank. Other major problem with the crypto currency is that you need internet connection for transaction. Which may be available sometimes it may not be available. There are third world countries which lag good internet connection. For companies or shops bitcoin is great if they want to transfer big chunk of money to somebody else where banks charges hefty amount to do the same.
Regular currencies are real easy to work with. Everyone understands it and ready to deal with it.

[lighpulsar07]

Well no fiat is still better than cryptocurrency in every other way. because of this reasons.
1. Fiat can be used everywhere even without internet connection unlike cryptocurrencies
2. Cryptocurrencies especially bitcoin are slow than any payment methods it must have to wait 10 mins in order to confirm the transaction.
3. Most of the shops and store isn't adapting bitcoin so, it will be hard to find a shop to buy with bitcoins.

[thinkdifferent]

As of now cryptocurrencies are best only for an investment purpose and not to use it as a real currency because for that no businesses are accepting it as a currency in my country yet.

[Rhaizan]

For me yes, because crypto currency have a potential that the value can increase ,the fiat is always steady on its price, but we need same, especially our local currency because it can buy our daily needed like foods clothes etc.

[adiksau0414]

If bitcoin is used worldwide i consider it a yes.  But now, a large portion of the population is not familiar with it especially in those in 3rd world country like mine.  Tangible cash is still consider the best. We can use bitcoin in our country if we convert it to cash.

[haroldtee]

Well no fiat is still better than cryptocurrency in every other way. because of this reasons.
1. Fiat can be used everywhere even without internet connection unlike cryptocurrencies
2. Cryptocurrencies especially bitcoin are slow than any payment methods it must have to wait 10 mins in order to confirm the transaction.
3. Most of the shops and store isn't adapting bitcoin so, it will be hard to find a shop to buy with bitcoins.

Let me quickly buttress on some of the points you have raised. You are right in a way but you still have to consider the positive parts too.
1. Sure fiats can be used everywhere, but that does not mean things are not gradually going digital with even the fiats. The population of people holding fiats now are hugely dropping and most people are now using mobile system for their transactions. I am not saying crypto will take over fiat completely, but we will have a time that making transactions with crypto will become so easy.
2. Cryptos does not have to wait 10 minutes before it gets confirmed. Bitcoin is just one of the cryptocurrencies as some other altcoins are pretty fast. However, I made a transaction yesterday with bitcon and funny enough did not take up to 2 minutes before it gets confirmed, so all still balls down to your tx fees.
3. It is hard now, but it is still a start and we cannot use that to judge yet. One day, bitcoin will go mainstream and we will eventually see how much it pays making transactions with cryptos.

[Sadlife]

Yes bitcoin can be use for all ages but only for those who has internet and devices that can connect to the internet where as we know that there are a lot of third world country that is really poor. So bitcoin is good for people that has electronic devices but not for the people who has not, it actually depends upon the situation of an individual but it terms of overall aspects bitcoin is far better in decentralization, low fees, better security and global payments.

[Dannaey]

For now we need both. Because of the prices of cryptos are not being stable, and not all crpytos even Bitcoin are acceptable all over the world, we need both. Though we expect in the future that cryptocurrencies will be better to our conventional currency today because of their features that will change our economy. Conventional money are still important because they are the one who is accepted by all establishments in the world.

[ASHLIUSZ]

Yes bitcoin can be use for all ages but only for those who has internet and devices that can connect to the internet where as we know that there are a lot of third world country that is really poor. So bitcoin is good for people that has electronic devices but not for the people who has not, it actually depends upon the situation of an individual but it terms of overall aspects bitcoin is far better in decentralization, low fees, better security and global payments.

Yes, digital currencies can be used by all aged people. One thing that makes it more valuable than that of the regular currency is the growth. Normal currency gives us the ease of usage, while bitcoin give the users the profit. Maybe in future when more countries focus on digital growth we might get the ease of making use of bitcoin same as regular currency.

[ivanst776]

Yes and no. It is dependent on the use. In my impression, Bitcoin is not but all set for micropayments, but it is previously a much better way to maintain your prosperity.

Presently, yeah! Long term! Nah!! Bitcoin will not remain as it is presently. A lot of development will ensue and the micro payment issue will be solved.

At this stage, we may be having huge issue with the transaction fees, but a time will come when transaction fees will be minute, processes will be faster and we will end up seeing more people accepting as means of payment.
We may still be back to this though, with the look of things and as adoption keeps increasing.