Turning crypto into fiat or is that even nessesary anymore!

[RealPhotoshoper]

I think it's still needed cause there are very few place that everyone can use Bitcoin directly for payment cause Bitcoin is not legalized worldwide so for almost people all over the world they still need to exchange Bitcoin into fiat if they want to use it to buy anything or pay for bill.

Yea, most especially now that the usage of bitcoin is not widespread and hardly will you walk up to 10 stores before you even get the chances of seeing anyone accepting bitcoin for now. Except for countries like Japan so far that has been able to legalize and regulate bitcoin, I really want to believe it must have given some merchants more chance to play around its usage than in places where it is not.

We have the same thought, bitcoin is still not fully accepted world wide so that we still must convert our bitcoin into fiat in order to spend it. Yeah there are some online and offline store that accept bitcoin as payment but ony few. Though in some country like Japan, you were able to use it but it will takes a lot of time for a world to accept it and use it in any kind of transaction.

yeaa it should become a consideration , we cannot spend our bitcoin to get lunch , dinner etc
We still need it at least for now as the merchant is limited , people cannot do much with bitcoin in their daily lives.
Or just simply you should become the pioneer who adopt bitcoin as the payment tool in your own store.

so I always say that bitcoin this currency only for a certain range of people. in the first place there is no infrastructure for use bitcoin as payment tools, and the second it will be rarely, because most of the human will not be able to use bitcoin.

That's not true , bitcoin is for everyone. Just the matter of time bitcoin get developed well.
The potential of bitcoin to grow its utility still far from what satoshi as an inventor expected for sure.
We just need a little bit more time to make people can really take a look into bitcoin usage how important it is in the future.

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[AjithBtc]

People who make use of bitcoin for regular day to day needs used to convert to fiat. No matter with the price variations. Somehow the amount is getting used by an user, whereas some users to spend on unnecessary needs. Those people can think of the growth and keeping as it is will gain a good profit as the price grows with some time interval.

[TheGreatPython]

For now but for the next couple of years, fiat would be big no. Crypto would go from here and there and you can only choose different altcoin and not different fiat currency for paying.

There are likely chances that in the coming days, we’ll not even need of having paper money in our wallets as we’ll be able to pay the bills and but the things using crypto currencies. At the very present time, there is a need of changing your crypto coins into paper money as you need to have paper money to meet up your needs. You should try not to convert your digital currency into paper money until necessary.

[Emitdama]

I think it's still needed cause there are very few place that everyone can use Bitcoin directly for payment cause Bitcoin is not legalized worldwide so for almost people all over the world they still need to exchange Bitcoin into fiat if they want to use it to buy anything or pay for bill.

Yea, most especially now that the usage of bitcoin is not widespread and hardly will you walk up to 10 stores before you even get the chances of seeing anyone accepting bitcoin for now. Except for countries like Japan so far that has been able to legalize and regulate bitcoin, I really want to believe it must have given some merchants more chance to play around its usage than in places where it is not.

We have the same thought, bitcoin is still not fully accepted world wide so that we still must convert our bitcoin into fiat in order to spend it. Yeah there are some online and offline store that accept bitcoin as payment but ony few. Though in some country like Japan, you were able to use it but it will takes a lot of time for a world to accept it and use it in any kind of transaction.

yeaa it should become a consideration , we cannot spend our bitcoin to get lunch , dinner etc
We still need it at least for now as the merchant is limited , people cannot do much with bitcoin in their daily lives.
Or just simply you should become the pioneer who adopt bitcoin as the payment tool in your own store.

Exactly, the only thing we want to have in our lives by investing in bitcoin is that we want to lead a luxurious life and we want to meet the needs of our family. If we will not turn our crypto coins into paper money, we cannot make the best use of those coins. We do need to convert them into paper money first as we cannot use it till today. However, we should try not to waste our bitcoins by spending at useless places.

It all depends on the needs and wants of the individuals who are having bitcoins in their wallets. Turning of bitcoin into paper money is no doubt very much necessary for meeting all our expenditure but I believe that holding of bitcoin can do lot more than this for us.

If there is no such need of paper money, then it is better not to convert your bitcoins into paper money as later, you will be able to get lot more money.

[hastag_80]

I know this subject has been looked at before but with the speed at which the cryptospace changes I felt the subject deserved a fresh look, and why not obtain that fresh look from the experts that are currently at the forefront of using crypto, namely all of you here on Bitcoin Talk forum.

I know there will be a time when it will not be necessary to change from fiat to crypto and vise versa. Hell that time may already be here. If the time has come where that exchanging of one to another is no longer necessary then i definitely need an update because that would save a lot of time and money. So if you would please share your insights and knowledge with the rest of us on what the most efficient way you have found for

  1. avoiding the whole exchanging from crypto to fiat to take care of financial responsibilities out side the Crypto-space

  2. what is the most efficient and cost effective way you have found for the exchanging of crypto to fiat?

Please remember that ideas are awesome and helpful to further a subject so please do share yours, but with that being said please remember that lots of people that read this may be new to crypto so please do include details and specifics such as names of places, cost and special steps that maybe needed to accomplish your way of doing something. I want to thank you all in advance for your participation and for all that you give on a daily basis to help improve and add to the Crypto-space.
 

For as of now,its necessary to us,turning crypto into fiat,because our traditional way of exchange is using a paper money and all establishment transaction is not accepting crypto for paying bills or buying our basic needs and wants in our life.i dont know in other country would accept btc or altcoins as payment,but us here in my own country who belong in the third world,i cannot remember that there's establishment,restaurant,shopping store accepting  bitcoins as payments,so for me its necessary to change crypto into fiat to sustain your financial needs.but maybe soon things would  changes if bitcoin become legalize.

[MyIdeas]

For now but for the next couple of years, fiat would be big no. Crypto would go from here and there and you can only choose different altcoin and not different fiat currency for paying.

There are likely chances that in the coming days, we’ll not even need of having paper money in our wallets as we’ll be able to pay the bills and but the things using crypto currencies. At the very present time, there is a need of changing your crypto coins into paper money as you need to have paper money to meet up your needs. You should try not to convert your digital currency into paper money until necessary.

Whether we like it or not, but the fact is that still the paper currency has got all of his power and that too in its fullest. The reason is that from your income, you have to pay the bills, rents and for other grocery items at the end of the month. So with bitcoin, you cannot get half of these things, even if you are living in any part of the world. But this thing will be applicable in the future when the governments will legalize the crypto currency.

[Sleepy18]

I think its needed. Because we need to have a reference currency which will not move or that has a stable price for us to exchange our altcoin into that reference coin and that reference coin will be used as a tool to withdraw your earnings jn cryptoworld. Because banks now a days check if the transaction of a person is related to bitcoin or else. They dont want to be involve to this bitcoin because it is very dangerous and they didnt grt any profit out of this. I guess its the only way to have a legalize transaction in cryptoworld. Ofcourse banks want to ahow security unlike bitcoin its very shaky

[wiik]

In my country yes , you cant purchase goods here using crypto . Not yet . So converting it to Fiat money is really necessary to make use of our investments

[Laregrell]

Turning crypto into fiat is necessary for every one. it is hard to use your bitcoin directly to buy staffs and bills.

i use third way to pay bills and goods like cards

[yvesp110]

Turning crypto into fiat is necessary for every one. it is hard to use your bitcoin directly to buy staffs and bills.

i use third way to pay bills and goods like cards

It is you who has to decide this thing that whether it is necessary to go for converting your crypto coins into paper money or not. If you don’t have any kind of emergency and that there is no urgent need of having money, then there is no need of converting your crypto coin into paper money. Holding can help you having more profit as the market value of bitcoin is increasing considerably.

[stomachgrowls]

Turning crypto into fiat is necessary for every one. it is hard to use your bitcoin directly to buy staffs and bills.

i use third way to pay bills and goods like cards

It is you who has to decide this thing that whether it is necessary to go for converting your crypto coins into paper money or not. If you don’t have any kind of emergency and that there is no urgent need of having money, then there is no need of converting your crypto coin into paper money. Holding can help you having more profit as the market value of bitcoin is increasing considerably.

Actually this thing would really be on case to case basis for sure because not all people do have the same capability on making money or income to their selves which would end up on having different decisions in life when it comes on money allocation depending on their needs.If we do comes to a point on where we don't have sufficient local fiat then we do have bitcoin in our wallet then we don't have any choice but to convert those. It might not be worth to waste for conversions but we don't have any choice.

[BlackBoxRecords]

At this time I think it is still necessary to turn SOME of your Bitcoins to fiat currency especially when doing Bitcoin is your only means of earning. However, if doing Bitcoin is just one of your many sources of income, then I do not think you would even want to cash out your Bitcoins. We still live in an era wherein Bitcoin is still not the money used to pay our bills. We are still stuck in the traditional fiat era. Hence, when we need something for sustenance or for business, you would want to convert your Bitcoins to fiat currency to use them.

I personally like to pay bills with fiat. I still feel sorry for the 10K bitcoin pizza guy so, I don't want to be the next one.  I feel fiat a convenient way than to pay through cryptocurrency and wait for the confirmation of the transaction. I see cryptocurrency as a tool of investment to grow the volume of fiat. Also there are some major problems with bitcoin that keeps it out from the list of preferred currencies for micro payments. If I was financially strong enough to pay without selling bitcoin I would never sell my bitcoin but currently the situation don't allow me to do so.

The value of crypto in the future is linked to adoption and value. One of the best ways of creating value for the average user is allowing direct payments with these.

[aencarnaci]

At this time I think it is still necessary to turn SOME of your Bitcoins to fiat currency especially when doing Bitcoin is your only means of earning. However, if doing Bitcoin is just one of your many sources of income, then I do not think you would even want to cash out your Bitcoins. We still live in an era wherein Bitcoin is still not the money used to pay our bills. We are still stuck in the traditional fiat era. Hence, when we need something for sustenance or for business, you would want to convert your Bitcoins to fiat currency to use them.

I personally like to pay bills with fiat. I still feel sorry for the 10K bitcoin pizza guy so, I don't want to be the next one.  I feel fiat a convenient way than to pay through cryptocurrency and wait for the confirmation of the transaction. I see cryptocurrency as a tool of investment to grow the volume of fiat. Also there are some major problems with bitcoin that keeps it out from the list of preferred currencies for micro payments. If I was financially strong enough to pay without selling bitcoin I would never sell my bitcoin but currently the situation don't allow me to do so.

I realize that if someone needs fiat then he should convert some of his bitcoin into fiat otherwise it is not necessary because fiat is just a currency and you can use it easily for day to day necessities, while bitcoin is not only a currency but it is also a very profitable business.

You can earn a huge amount of money which you cannot do with fiat. I think that bitcoin is better than fiat therefore for me I will never convert my bitcoin into fiat currency.

[SirLancelot]

In any case, the money should be stored in different places and in different currencies. Part should be in crypto, some in the Fiat.

Agreed! In the present world, you do need to have both forms of money that is paper money as well as crypto currency. If you have invested your money into crypto currency, then you should go for saving those crypto coins for little longer time. However, if you are really in a need of money and you are left with no other option that that of converting your coin into fiat, only then avail this option. Else, hold your coins.

[carodupuis]

People who make use of bitcoin for regular day to day needs used to convert to fiat. No matter with the price variations. Somehow the amount is getting used by an user, whereas some users to spend on unnecessary needs. Those people can think of the growth and keeping as it is will gain a good profit as the price grows with some time interval.

I think it is not necessary and it is also not good because fiat is not convertible and bitcoin is like a real currency. You can use it for your daily needs. You can transfer it in any other currency digital or paper currency and the most valuable thing is that bitcoin is highly profitable cryptocurrency. If you change it or use it, you will wind up your so profitable business. In my eyes changing bitcoin in fiat is not necessary anymore.

[logicgate]

People who make use of bitcoin for regular day to day needs used to convert to fiat. No matter with the price variations. Somehow the amount is getting used by an user, whereas some users to spend on unnecessary needs. Those people can think of the growth and keeping as it is will gain a good profit as the price grows with some time interval.

I think it is not necessary and it is also not good because fiat is not convertible and bitcoin is like a real currency. You can use it for your daily needs. You can transfer it in any other currency digital or paper currency and the most valuable thing is that bitcoin is highly profitable cryptocurrency. If you change it or use it, you will wind up your so profitable business. In my eyes changing bitcoin in fiat is not necessary anymore.

At present, the usage of crypto especially bitcoin is not that much common in the real world. We do need to convert our crypto coins into paper money in order to have all the things which we want to have in our lives. In addition to this, there are only few places which are giving this opportunity of paying with crypto coins, else you have to pay in the form of paper money and for that you need to convert it back into regular money.

[Qartersa]

People who make use of bitcoin for regular day to day needs used to convert to fiat. No matter with the price variations. Somehow the amount is getting used by an user, whereas some users to spend on unnecessary needs. Those people can think of the growth and keeping as it is will gain a good profit as the price grows with some time interval.

I think it is not necessary and it is also not good because fiat is not convertible and bitcoin is like a real currency. You can use it for your daily needs. You can transfer it in any other currency digital or paper currency and the most valuable thing is that bitcoin is highly profitable cryptocurrency. If you change it or use it, you will wind up your so profitable business. In my eyes changing bitcoin in fiat is not necessary anymore.

At present, the usage of crypto especially bitcoin is not that much common in the real world. We do need to convert our crypto coins into paper money in order to have all the things which we want to have in our lives. In addition to this, there are only few places which are giving this opportunity of paying with crypto coins, else you have to pay in the form of paper money and for that you need to convert it back into regular money.

Indeed, the fact of the matter is that we still need to convert bitcoins into fiat to be able to make use of the profits we have gained in crypto. The process is usually gruesome as it involves a lot of middlemen and a lot of unnecessary fees. I do dream of the world that bitcoins and other cryptocurrencies would be accepted by all and you can just carry your phone without ever having a wallet ever on you and be able to pay for anything that is everything. Imagine, going to a grocery buying eggs and milk with just bitcoins on your phone. That would be a glorious day in my opinion. Right now that is still far from reality but maybe it could someday come true.

[emezh10]

Right now converting to fiat is a must requirement, because with bitcoin we haven't got that acceptance in all markets same as that we use traditional currency. So, till such an situation exists we are supposed to convert and use it. Partly the direct acceptance from several companies have been getting increased.

It is quite needed specially when you want to deal with transactions and have the time for you to have a specific payment modes that do not accept Bitcoin yet. And it is also a way for you to deal with transaction because primarily most of people used Bitcoin or any other cryptocurrency on trading and investment and converting Bitcoin to fist is a such way they could feel the profit they have in time.

[traderethereum]

I think turning crypto into fiat is necessary but we won't see this will happen in the short time because bitcoin is not yet approved in half of all country and we should wait until they accepting bitcoin. but once they accepting bitcoin, we can start using bitcoin in traditional market but of course, there is need an internet connection to use bitcoin as a payment method.

[tanpestle]

A good place to conveniently exchange fiat to the cryptocurrency that you need is localbitcoins.com. You can change hem vice versa when needed for trading or for saving.