Why should i always have fiat?

[wongdeso]

Fiat must be owned, not all shops accept crypto and not all agencies accept bitcoin, so it is mandatory to hold fiat to supplement their daily needs. For certain preparations, Fiat certainly has better use value.

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[learntonoob]

I believe that fiat-crypto will be the future pair of crypto world. The bounty program I am doing has that kind of thing.

[EdenHazard]

Fiat must be owned, not all shops accept crypto and not all agencies accept bitcoin, so it is mandatory to hold fiat to supplement their daily needs. For certain preparations, Fiat certainly has better use value.

But the obstacle is that someone will be hard to decide when he has to buy, most of them just hope that the coin/token price drops lower than that price. They kept waiting as far as the price of the token/coin rose and their fiat money was not used properly. This is useless, you like saving the money in your pocket book. Saving fiat money on cryptocurrency requires a courage, if someone does not have the courage it makes no difference from saving money on a bank.

[turkandjaydee]

Fiat must be owned, not all shops accept crypto and not all agencies accept bitcoin, so it is mandatory to hold fiat to supplement their daily needs. For certain preparations, Fiat certainly has better use value.

But the obstacle is that someone will be hard to decide when he has to buy, most of them just hope that the coin/token price drops lower than that price. They kept waiting as far as the price of the token/coin rose and their fiat money was not used properly. This is useless, you like saving the money in your pocket book. Saving fiat money on cryptocurrency requires a courage, if someone does not have the courage it makes no difference from saving money on a bank.

I think what wongdeso mean is to guarantee your living expenses for the next 6 months or even 1 year, its not really about saving for buyback.
I think its a good plan so we wont be stressed or distracted because of the need to pay bills while we thinking about trading / investment strategy on cryptomarket.

[Hueristic]

Buy from amazon with 10% discount. One less reason to need fiat.

Here is my referral link.

https://alagoria.com/share-with-friends/ag2d75h2

[Sanmark]

You can try that strategy, but as I experienced on my own skin, il give you example. You have 10k usd, btc is 15k and you buy 0.5btc for 7.5k$. Btc drops to 10k, you think wow what a great opportunity and you put your 2.5k$ and buy 0.25btc more. Now you have 0.75btc and price drops to 6k$. And where are you then? That hapened to a lot of investors in this bear market so thats why we are dead in the water right now.

[trudovik]

I don’t think that this is what you wanted to say, because today many people still make a choice in favor of fiat money, but they still understand that fiat money is starting to fade, because financial structures are changing, this is normal.

[nemey]

That's great idea. Having or saving our money in fiat is wise decision. For, this is to reduce or minimize the risk of losing the money. Crypto is not stable, it is awlaysflcutuating. Sometimes we can get very high profits, but sometimes we lost more. Therefore, for wiser ways, I alsos till save my money on fiat.

[ADgordo]

You should have always fiat because crypto market is very volatile. Really you can not know what will the price will be tomorrow. You can see a very good opportunity one day. But that time you neeed to some fiat to use that opportunity.

[TonixGaming_14]

You should constantly have fiat solely because of the opportunity to buy Bitcoin at better prices and for diversification purposes. There are very small chances of his disappearance in the coming years, but they are, so it is better to diversify the risks.

[braves182]

This is the right decision! when I was just starting to invest in cryptocurrencies, I felt euphoric that everything is growing at a frantic pace and sought to invest the entire fiat in altcoins, which grew the fastest. After a while, when the market went into stagnation and stayed there for a long time, I realized my mistake. The second mistake is not to fix the profit, but to wait for the super profit. Now I have a stable 30% in USDT or USD.

[Badboy[BTC]]

Previously, I always tried to buy cryptocurrency for all the money that I have and constantly lost money, but then I decided that you need something to change in your strategy and now I have constantly on the balance are dollars that are used only in extreme cases to make a rollback and almost immediately sell

[rickadone]

For normal life ? I mean if you mean on trading deals than having fiat makes no sense at all, if you believe the price is going down and that's why you want to stay in fiat while the coin values drop why not buy shorts as well ? That way you won't have to stay in fiat and if the price goes down as you think than you will make a lot of profit with it as well.

If you do not trust the prices to go down that much than you can turn back into alts as well. However if you mean normal life than having fiat is really just what you need on regular life, unless you have some sort of debit card bitcoin thingy that allows you to spend your coins in regular shops and markets than you need fiat to survive in real world because not enough places accept bitcoin yet.

[Rati24]

Of course you do not need to keep everything in one asset. You should always have fiat for purchasing or daily human needs. In order to go to fiat you just need to buy a stable coin, although it’s certainly risky, but still very convenient and fast.

[just_strange32]

In my opinion, you should always have cash because you can keep cash to avoid the fluctuations or evaporation of Crypto. You can use cash to invest in Crypto. At the same time, cash to compensate you for past risks and spend on profits more conveniently ...

[juragankambing]

I really agree with you that both investors and traders must have fiat to anticipate selling losses from what they invest,
I have a loss selling experience because of my lack of knowledge as a trader,
I hope only I experience this because it is very disturbing in my journey as an investor and trader

[joshy23]

That's how important setting up plans and understanding the market behaviors, if you do have spare fiat / btc after the dip occurs you will be able to buy and benefits from the situation, it is really important to learn how things will work for you while you are dealing with this business, the more you explore deeper the more your knowledge will be enhance, I see your point regarding to have extra money and not to go all in as opportunities can knock anytime
without further notice, keep your investment safe and be sure that you got the nerved playing with this market conditions.

[rangnatht]

This question is really very important and also almost every people who is connected with crypto market wanted to make have some fiat. Because once the price is going down then it's really a good chance for buying.. But I think 90 percent people don't left fiat when price is down because they already invested whole things in the market. And once the price is going down we are just waiting.. So this is really great strategy if you have some fiat in bad days so you can recover your loss.. I am trying too

[Ranly123]

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.

There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.

How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.

This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.

It works for me and i just wished to share the idea, peradventure you will find it useful.

It is not a healthy idea to convert all your Fiats to cryptocurrency because your daily needs expenses is in a form of Fiat currency. Maybe you have your own reason to convert your Fiat to crypto but you should consider the expenses of your daily needs so you will not aggravate the situation.

[Crypt0BHunter]

Give some s-merit to this gentlemen   Also I've done this mistakes before I was young in this market. I always invest on full deposit and when the price goes down I haven't money to average price and cut the losses. Be smart and don't lose your had!