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Author Topic: CRYPTO AND FIAT MONEY BEST COMBINATION  (Read 2170 times)
javadsalehi
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July 12, 2018, 06:07:55 PM
 #81

I also love this idea. Cryptocurrency and fiat currency will be a best couple. They can be the best combination to serve the people. With the current digital age, crytocurrency can definitely help many people who has access. But for those without internet access, definitely, fiat is the only answer. There are people with different kind of preferences. Some like cold cash and some wants easy and efficient way of dealing, then crypto could answer that. Therefore its a powerful combination.

I agree with this. Both fiat and cryptocurrency can exist in the same time and there is no problem. Every one can use any of them which is more comfortable.
fernandoaleixo
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July 12, 2018, 06:16:41 PM
 #82

Yes, I believe cryptocurrency will never surpass or takes fiat place because standard money is an ancient association within the culture of all countries at some point and crypto is not flawless and can't cover all sorts of operations, also is dependable of networks etc. Money has all the banking structure to back them up and crypto will be very hard to adapt, at best it will be one of the payment options.
Aleth
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July 13, 2018, 01:40:49 AM
 #83

You have a big point for this! The combination of Fiat money and cryptocurrency is good ways of transaction and payment. At this year we could not say that crypto currency will never replace the fiat money because crypto is newly for this generation. Maybe after a decades crypto currency will become ahead to the fiat money as primary way of all transactions and payment all over the wolrd.

We are now going to the advancement of technologies and global modernization, we considered now as a starting point of revolutionary changies so we must follow what are the natural phenomenon that happen in this world.

I agree that at this point in time fiat and cryptocurrency are good combination but due to our technology in a fast changing world, later on we might be using only one and that is cryptocurrency something we can look forward in the future. Just like computers and cellular phone and internet, something that many of us are not using before that runs now on the system of our daily life. Later on cryptocurrency will be something useful for everybody. Indeed like a natural phenomenon happening in our midst.
kingofworld92
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July 15, 2018, 10:06:20 AM
 #84

The combination of Fiat money and electronic money is a good way to trade and pay. Perhaps after a decade of currency crypto will become the fiat striker as the primary way of all transactions and payments on all wolrds. One has to agree with the idea that electronic money and fiat money will be a powerful combination in the future. In addition, at this stage, the key will be the legal regulation of the electronic money market.
Catch-22
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July 15, 2018, 02:32:19 PM
 #85

That’s what l’m talking about! Cryptocurrency and fiat money coexisting for the good of everyone. Not like some topics here wishing for the extinction of the other. Kiss

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MUSFIKAR
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July 15, 2018, 03:12:37 PM
Last edit: July 15, 2018, 03:34:35 PM by MUSFIKAR
 #86

Yes my opinion today, kriptocurrancy currency is a system where there are coin coins that can be converted into paper money is the establishment of a legitimate payment instrument in a country due to the presence of digital currency. The combination of Fiat money and cryptocurrency is a good way of trading. cryptocurrancy currency will never replace fiat money. It can not replace but can be an alternative payment.
BartS
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July 15, 2018, 03:46:14 PM
 #87

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
Fiat and cryptocurrencies are going to exist together for a long time, but I think that as time passes more people will recognize the usefulness of cryptocurrencies and this will increase the amount of users, this is going to be great the only reason I do not use crypto that much is because there is not a single place in my country that is near me that accepts bitcoin but as soon as that begins to change I hope to replace fiat completely and to use only bitcoin for my transactions.
Epimetheus
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July 15, 2018, 06:49:55 PM
 #88

I agree with you, because we are equally in need, we need fiat money because we know that not everyone in the world can access the Internet or use the Internet.
Yes the combination of fiat and crypto is the best combination in this time because our society not fully advance and not every people are believe in cryptocurrency use. Cryptocurrency provide a lot of advantages then that of fiat currency but it has some disadvantage too. Cryptocurrency are fully digital nature because of this they are not able to use in those places where Internet and electricity are present. Cryptocurrency are highly volatile then that of fiat.
thetruth123123
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July 15, 2018, 07:57:57 PM
 #89

I`m thinking that cryptocurrency needs to become an alternative payment methood first. If people will trust crypto in terms of payments I think it will be easier to trust it in terms of replacing the existing economy.
renz0
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July 15, 2018, 08:36:04 PM
Last edit: July 15, 2018, 08:48:08 PM by renz0
 #90

Yes, I totally agree with you mate. We need not replace fiat money our regular currency with a digital money like bitcoin just to satisfy its purpose of being a currency. It is good to have a digital and fiat money since both have different purpose somehow because not all areas can use bitcoin for purchases of goods due to the unavailability of electricity and internet connection. So fiat money on those areas works best while people in urban areas can use both; bitcoin and fiat money whichever they think more comfortable for them to use.
Phil315
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July 15, 2018, 08:38:40 PM
 #91

This is absolutely correct. Both have their advantages as well as disadvantages. I support both of them being in use concurrently. None should replace the other.
sieemma
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July 15, 2018, 11:30:00 PM
 #92

Crypto and fiat are two separate currencies and there will be no way one will be replaced with the other. The use of both together is very crucial in our lives today as noted by the OP. In our day to day livings, we need ready cash to make purchases and we also need crypto on the internet to make payment. I am aware that crypto can be used to pay in shops but fiat will be more easy for now.
Starving_Marvin
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July 16, 2018, 11:34:13 AM
 #93

There are some people who believe that crypto is going to replace fiat currencies in the coming years but they ignore the fact we have the high number of illiterate when it comes to technology and hence not everyone is in the position of using cryptocurrencies as basic knowledge of internet/computer is a must for it. Thus fiat currencies are not going anywhere and we have to live with two options but we will see governments will adopt blockchain for fiat currencies too but they won't it decentralized.

For me personally, crypto and Fiat money will be alive in the future. They will be connected to each other. The best way is to use both of them.

KeijiN
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July 22, 2018, 08:49:56 PM
 #94

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
Personally, the best combination for me is 50/50. Then you can earn money, but not lose it under certain circumstances. But it all depends on the time of course. It should be taken into account in the calculations.
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July 22, 2018, 09:24:58 PM
 #95

Well, that is true. If this two currencies have different and outstanding uniqueness, merging the two together for payments of goods and services will be very great. But there will be a problem. You know that fiat has a fixed value compared to crypto which changes in value at anytime. There will be difficulty in determining  the exact value of fiat for particular satoshi.
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July 24, 2018, 06:46:55 PM
 #96

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
You are very correct fiat currencies and cryptocurrencies must be combined for the smooth running of business activities both online and offline to ensure fast transactions. Second I think if cryptocurrency take the space of Fiat currency the value will some how depreciate or maybe the economy of the world will be very difficult if the holders of cryptocurrencies decides not to make it much available for use. 
Xenoph0bia
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July 25, 2018, 07:16:03 PM
 #97

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
I am also agree with this combination, and it could be very deadly combination of bitcoin and Fiat currency and this is the best combination that will boost up the GDP and development of any country to a very great extent, as we all know that crypto is considered to be much more superior over all the Fiat currency and the reason being is that in crypto, no physical form exists and thus this currency is very less vulnerable to being stolen but still there are many advantages of Fiat too , so the combination of bitcoin and Fiat currency is the deadliest one.
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July 29, 2018, 11:39:06 AM
 #98

My friend, I am sure that this is what we all need. The cryptocurrency is safe, fast, new, unique but it cannot replace traditional money ever. Only the combination of fiat and crypto will really work.
Charot12345
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July 29, 2018, 02:09:19 PM
 #99

Yes, it’s true. It’s combination is good and helpful to many people. Fiat will not replace bitcoin for now because many people are using it so it is better to take advantage on both currency. Because of the improving technologies many people are using bitcoin because it can make transaction easier. Both fiat and crypto has advantages and disadvantages. Fiat will be use offline but crypto is not. It is easier to transact money online for long distances and fiat is not.

Dmitry.Vastov
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July 30, 2018, 06:31:35 PM
 #100

I bilieve that in the future crypto currency will not replace fiat money as mode of  payments in the future. Why? Because this two currency have a unique combinations that make our life more secure and convenient transactions trough offline and online transactions.

1.Crypto currency is more secure and faster transactions than fiat money via long distance and transactions like sending money around the world crypto is fast, safe and more secure then fiat money in this case fiat money is not good and slow in long distance transactions.

2.Fiat money is more faster and more easier in hand to hanp, face to face transactions and offline transactions in this setuation crypto currency is not good.

This 2 reasons why crypto currency and fiat money will be a powerfull combination in the future.
First of all my point of view regarding the crypto and the Fiat currency is entirely different, the two are incomparable as these two currencies has their own place in the economic market and they plays a very major and vital role in upliftment of the economy so I don’t think this would be right to compare them but still people are preferring crypto currencies more than the Fiat one and no doubt, crypto currencies has a always a upper hand over Fiat currency and the combination of both could be very beneficial also.
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