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Author Topic: Alt coins vs. fiat currency  (Read 567 times)
cryptocyprus
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July 10, 2018, 11:59:14 PM
 #21

I do not think that 2019 will be a year of struggle between Fiat currency and cryptocurrencies, as cryptocurrencies compared to Fiat money are still too weak and do not enjoy such strong demand that we can talk about the struggle.

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Kcryptonite
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July 11, 2018, 12:01:49 AM
 #22

Fiat will be favourite for a long time i think. It'll probably take at least 5 years before alt coins will be favourite. Or they will be used together.
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July 11, 2018, 12:10:37 AM
 #23

For me Fiat currency. Fiat currency is currency which only has value through legal declaration. It does not have a promise from its creator of exchangability  into some commodity of real value,example:- Gold ,Silver etc. Fiat currency are basically the Dollars, Euros, Pounds etc. that you spend. They are also known as the paper money.
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July 11, 2018, 12:12:49 AM
 #24

Compared to fiat, cryptanalysis is more risky and difficult to use than fiat, and I think money can never replace fiat money as many people think.
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July 11, 2018, 12:29:32 AM
 #25

i believe in solutions and not duration. the number of years a particular thing has stayed is in no way a measure of success. the solutions proffered to challenges is what the world in entirety has decided to look towards since it is more beneficial to them. i believe the crypto currency world has much results than the fiat so i prefer crypto.
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July 11, 2018, 12:30:53 AM
 #26

This is a vague question because some fiat currencies are more stable than others, and the same is true of cryptocurrencies. I don't know if the bear market in cryptocurrencies will end this year, but if it does it's fair to say altcoins as a group will outperform.
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July 11, 2018, 12:37:03 AM
Last edit: July 11, 2018, 07:10:21 PM by crptotrader007
 #27

2019 the year of Battle between cryptocurrencies and Fiat Currencies.

Who is the winner?
It indeed is a nice question and would be glad to explain.
1) The crypto currency is based on the system  called blockchain unlike fiat
2) Fiat currency is different for different countries unlike
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July 11, 2018, 12:46:38 AM
 #28

Cryptocurrency is just new digital currency and many people dont know how to use it, and they dont understand how does it work. I think fiat currency still dominate in 2019, and still hard for crypto to replace it. Just for example in my village, they only believe with fiat than digital money, because they think digital money can be fraud.

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July 11, 2018, 12:46:48 AM
 #29

There are so many alt coins that need to die before those markets can explode...at best it seems like they'd only be able to ride BTC's coattails.  Multiple use cases will have to battle it out to ween out the weak teams or half-baked ideas, infrastructure needs to be developed to utilize the coins, scams need to be outted and driven off.  All that will take time, so we're probably a few years out before we really see the rubber hit the road with a lot of altcoins.
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July 11, 2018, 01:27:05 AM
 #30

2019 the year of Battle between cryptocurrencies and Fiat Currencies.

Who is the winner?
It indeed is a nice question and would be glad to explain.
It seems difficult explained what would happen in the future.  because I do not avoid that future cryptocurrency will be more developed and more popular. While fiat money also has a major role in the transactions of each State, in addition is the identity for the country itself and has historical value in it. my own expectation both can coexist, not mutual defeat.
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July 11, 2018, 03:05:11 AM
 #31

For me Fiat currency. Fiat currency is currency which only has value through legal declaration. It does not have a promise from its creator of exchangability  into some commodity of real value,example:- Gold ,Silver etc. Fiat currency are basically the Dollars, Euros, Pounds etc. that you spend. They are also known as the paper money.
Fiat currency is certainly safer even though the value of fiat continues to decline due to inflation but the total protection of the country makes the fiat last forever, but when the crypto trend is popular then we must invest on crypto to make money increase.

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July 11, 2018, 08:59:50 AM
 #32

Basically in terms of crypto currency and Fiat currency we can see the huge difference between them because until legalize the crypto by every country Fiat currency will win this race because fiat currency is legalize worldwide but day by day crypto users are increasing so after few years later this conceptions may change.
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July 11, 2018, 12:28:20 PM
 #33

Not all the countries in the world have adapted the crypto currency market. In fact there are countries who have banned the crypto coins in their countries. So, right now, fiat currency will win, given how the world is still lagging behind. But this will not stick around for much longer in the long run.
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July 11, 2018, 12:42:33 PM
 #34

I don't think there is any way that we can compare this two thing there are totally different from each other, fiat currency is a printed cash which value is decide by the supplier and government allows it as well on the other hand cryptocurrency is good for fast and far transaction and it is totally electronic based trading
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July 11, 2018, 12:52:57 PM
 #35

Altcoins may give fiat a though competition but fiat currency will also be the first choice of most people due to its stability. Most people keep the money in fiat and only convert to altcoins when necessary so in a way too both currencies need to coexist and its up to we the users to tolerate both.

FIAT will remain currency until crypto currency is fully adopted globally, we have different government that imposed one currency for the country we belong, this is the traditional tender in any transaction be it for simple commodities we need, transportation,utilities, etc.etc. The entry of crypto currency into the market change the out look of the future transaction, like for example  Thailand  accepted some of the coins for legal transaction. But some or almost all countries still have some different view on adopting crypto into the main stream market. This is one reason why government financial institution want to Regulate the crypto. Let's just wait for the moment and hold on to our crypto coins.

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July 11, 2018, 01:05:58 PM
 #36

Crypto will win in 2029.
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July 11, 2018, 01:09:50 PM
 #37

2019 the year of Battle between cryptocurrencies and Fiat Currencies.

Who is the winner?

Well, fiat is still the main source and winner in our world. Cryptocurrency can't compete the fiat currency since not all cryptocurrency are accepted in all countries. We still in the stage of developing and stabilizes  the technology of cryptocurrency.
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July 11, 2018, 01:10:47 PM
 #38

Obviously crypto is nowhere near yet, far too volatile to be taken seriously as an actual currency for now.

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July 11, 2018, 01:12:31 PM
 #39

Comparison of similar areas requires a very in-depth analysis of consumption among people and what future areas of use can altcoins have? I think that every business will have its own shares and by similar actions we can buy shares of companies.
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July 11, 2018, 01:24:59 PM
 #40

in my opinion no one will beat fiat and cryptocurrency running and growing
hope my cryptocurrency and fiat will run together and complement each other
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