Why should i always have fiat?

[Hueristic]

Or maybe you can have some stable coins like USDT. I think they can also benefit users in a situation like you mentioned above. But of course, one should have adequate amount of fiat too. I don't really buy the whole anti-fiat idea. Crypto is great, but fiat is also important. So have some fiat, no matter what.

USDT is far from stable ATM and you would be well advised not to Hold them.

Well it didn't take long for this to be true now did it?

I like it when I get to quote myself.

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[JeffBrad12]

You need fiat currency because you would not want to have all your cash tied up into crypto investments particularly, given the market fluctuation. Plus, not taking into account the security issues related to the wallet etc. And in anyway, you'd also want to place quick transactions mainly possible with fiat currency since not all platforms accept crypto payments.

Thanks to stable coins which you can easily jumped out and secure funds without the risk of volatility but i dont really have much trust on using up these coins but im still observing.
It is really just a dumb thing for you to do on putting all of your fiat into crypto investment yet we do have another priorities in life.

The main thing is about to secure our funds and that's the only point that makes sense for me personally. fiat can be used to enter the market when they are getting down due to the bearish trend. you should not mention the daily life because it's in another field. this question is related to the what's the usefulness of fiat in the crypto.

[Open4lies]

At the present time, when fiat currency is still a popular currency used to buy products for life, it is still necessary next to cryptocurrency. But hopefully, in the future, cryptocurrency will become more popular and be able to replace the fiat currency, until then we will not need to use cash anymore.

[askmecrypto]

First thing first, you should always have fiat (not only to buy more crypto) but to survive in the world too  

I have said this on many other threads too, one of the most important rule of investment is not investing your entire funds in a single financial instrument. Dont just invest in crypto, invest in real estate, bonds, gold, etc. And always keep extra fiat with you to buy the dips in uncertainties.

[aioc]

Good idea but not applicable to many investors because of the fee and country restrictions where you will have to buy using your credit card or bank account I prefer to convert it to other coins like Bitcoin and Ethereum because they are more stable than all the other coins in the market.

[karloscimot]

because in my country it still can't be used. Digital currency is either bitcoin or other crypto. to buy goods in the real world bro. therefore I have to keep fiat currency as a transaction tool to buy in the real world bro .

[ipsec]

I do not hold this opinion at all. If it were possible to pay for cryptocurrency in the store, I would not be interested in dollars in themselves.

[labilaab]

It depends to the investor whether he is rich and unafraid of losses to gamble all of his money to certain cryptocurrencies. But for the normal citizen seeking only enough profit for not so luxury type of living; just contented for enough money just to eat and live, then maybe just 20% or less he would just gamble. But for me, it is better to invest only what you can afford to lose.Much better to have still a back-up fiat in your pocket.

[syberwolfen]

First thing first, you should always have fiat (not only to buy more crypto) but to survive in the world too  

I have said this on many other threads too, one of the most important rule of investment is not investing your entire funds in a single financial instrument. Dont just invest in crypto, invest in real estate, bonds, gold, etc. And always keep extra fiat with you to buy the dips in uncertainties.

Yes you are right mate, fait currency is most important in humans life in this generation as there are lot of theft in banks many more, investing in multiple sections is a good thought. Fiat currency is made to facilitate people's like making convenient with profits. You cannot always roam with real money in this world as it dangerous. That's the reason they are planning for fiat currency.

[erox]

One of the mistakes that some crypto enthusiasts make is to convert all the fiats they have been able to accumulate all these while into cryptocurrency, which is wrong.

I don't think there are many such people on the market. And those who do so are just fools. It is impossible to invest all the money in one type of asset, even without financial education is the obvious thing.

[Jdragon6x6]

As we all know fiat is more used and widely accepted around the world. Although I love cryptocurrency, there is no denying that fiat is still much prefered being used by common people. Once cryptocurrency gains majority and will become commonly used then we might see the day that fiat will have a competition.

[kanayaTabitha]

some people can do it but some don't, this strategy is often used by big investors because they have money without nominal. strategies like this are only used to minimize losses.

[Indrawan77]

Its a fantastic idea, diversify investment doesn't always mean split your investment between crypto, you can split your investment into fiat that could be very useful when the market goes down, splitting fiat and crypto investment could be safer than only invest in crypto, and its recommended to do this when we are facing bear market

[warcarft3]

I will not put all the funds here, after all, our daily life can not be completed using bitcoin. However, I will also convert a certain percentage of funds into BTC storage on a regular basis, because I think BTC is a very promising coin.

[Hanebel]

 For safer purposes and to keep going in this world, of course, we should not go all out. Secure some funds for future unexpected downside. In my case, my funds were subdivided, for fiat and crypto. I invested fiat that gives me a secured 5% monthly interest and for my crypto funds, as a long term investment.

[i7claufe]

This is a great strategy but there are tons of strategies out there and having a "reserve" fiat currency every single time is a very good idea. You don't know when a "very good" cryptocurrency might go on SALE today and get pumped the next day! Having that fiat on the sidelines will give you a chance to participate in this kinds of situations.

[mbah]

I often do this and even still be a pretty good way to cover up the losses. especially when looking at market conditions that are down but a bit trapped and rush to buy before basically. This strategy will be pretty well used to wait for it to reach the basic point. Although there are risks also but at least this just helps recoup on it and even when the ride will get more results.

[Wind_Crypto]

i agree, regret not holding a larger percentage of my portfolio in fiat... was way too bullish when fundamentals were out of whack... fiat is ur gunpowder when the markets tanks without good reason...

[Geleve]

we should always have fiat. because practiccal use of fiat is so high. and if you keep fiat, you can have very good buy opportunities during bearish markets. it is going to be like this till adoption of cryptocurrencies becomes higher.

[ethereumhunter]

Yes, I agree with you, at least, with having fiat in our balance will helps us to buy another coin that can cover our losses. Sometimes I did this if I saw that my chance is small to make a profit from the altcoin and fortunately, I still keep some of usdt in my balance to buy another coin and I can wait for the price to increase. So far, I can have a good balance in bitcoin and usdt, and I still want to grow my balance in every day.