Why Cryptocurrency is better than fiat currency?

[CryptoBuzzerd]

I think all cryptocurrencies will reload whole financial world, like internet did in 90's

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[Magkirap]

I think in this modern age the question of “which currency should I own?” is something a lot of people that I know ask themselves when it comes to purchasing currency. There are a lot of choices to choose from such as US Dollars, Chinese RMB, Japanese Yen and many more, those are mainly fiat currencies.  However, all those currencies stated are all controlled by banks that regulate their value and are heavily affected by financial crashes such as the one in 2008. As a result sometime after the financial crash of 2008, Cryptocurrencies such as Bitcoin and Ethereum were created in order to have a currency that isn’t regulated by the banks and relies on how much trust we put into its value. Here are some reasons why Cryptocurrencies are better than fiat currency.

1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
   A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.

2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.

3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to.  You can keep generating new addresses if your previous Address is compromised.  

I absolutely agree! Cryptocurrencies gives us freedom an anonymity which cannot give by fiat currencies. However, both of them have advantages and disadvantages. We all know that crypto was very risky specially bitcoin for it was extremely volatile. Its price can change in a single time and may result to profit loss. On the other hand, we need fiat currency for it is what we are using in our everyday life and is more fixed in terms of price for it was regulated by the government.

[cotton ball]

Indeed we required some revolutionary change in financial industry and that should be Bitcoin and other cryptocurrencies. I strongly believe that this corruption factor pulls off many people out and make good economic stability for every country.

Like how people are saying Bitcoin is untouchable like same Fiat currency is just a paper which is printed with numbers. That should be crashed with Bitcoin very soon.

Corruption factor could give positive for bitcoin where many country will adopt bitcoin with transparent payment sending system, using bitcoin we know how public can access with looking for on bitcoin transaction history, public now where and how much bitcoin sending from one wallet to other wallet, fiat currencies look hidden for every payment proof and look not transparent for using as payment system for sending or receiving money.

[FlightyPouch]

Corruption factor could give positive for bitcoin where many country will adopt bitcoin with transparent payment sending system, using bitcoin we know how public can access with looking for on bitcoin transaction history, public now where and how much bitcoin sending from one wallet to other wallet, fiat currencies look hidden for every payment proof and look not transparent for using as payment system for sending or receiving money.

It is true that there are a lot of good things that will happen if crypto currency is our fiat but I don't think that will ever happen, ever. Bitcoin and crypto currencies are digital currencies, they are volatile and there is no way that governments will not be controlling fiat in their country. We all know that if that will happen, whales will be controlling the value of currencies, just imagine a whale controlling a country's economy.

[Wintersoldier]

Corruption factor could give positive for bitcoin where many country will adopt bitcoin with transparent payment sending system, using bitcoin we know how public can access with looking for on bitcoin transaction history, public now where and how much bitcoin sending from one wallet to other wallet, fiat currencies look hidden for every payment proof and look not transparent for using as payment system for sending or receiving money.

It is true that there are a lot of good things that will happen if crypto currency is our fiat but I don't think that will ever happen, ever. Bitcoin and crypto currencies are digital currencies, they are volatile and there is no way that governments will not be controlling fiat in their country. We all know that if that will happen, whales will be controlling the value of currencies, just imagine a whale controlling a country's economy.

And basically, the solution to such problem like these, is to develop a cryptocurrency that will be the base currency for a certain country. Definitely, a stable currency that will depends on the economic status of a particular country that can be manage by the government and its people. It can improve allot of areas in living, and whales cannot manipulate the market value. In this case, we can live in a world, where it's all digital and seamless.

[qwertyup23]

<snip...>

One crucial aspect that you forgot the include is the acceptance of cryptocurrency in the world and its value in the long-run.
Although you have stated that more countries are beginning to accept its utilization, it is far from reality where we adapt and implement a digitalized form of cash throughout the world. In addition, the value of cryptocurrencies are dictated by its supply and demand in the market which can make its price highly inflationary once its supply decreases.

The problem with having a limited supply of money in circulation is among the people who own such majorities of its supply. Thus, it is at their disposal and power to manipulate and control the market and its price.

[barabarian1]

cryptocurrency can be a solution if a country experiences an economic crisis that causes the value of fiat currencies to fall. Fiat currencies fall because of hyperinflation. This inflation is caused by too much fiat money being printed. this is the reason cryptocurrency is better than fiat currencies. Fiat currencies always experience inflation while cryptocurency does not. because decentralized cryptocurrency will not cause inflation because there is no regulatory authority. cryptocurrency works according to market conditions. and the crypto market is influenced by supply and demand.

[jets567]

One thing I like about cryptocurrency is that even an ordinary person can easily gain access as long as he/she got a money for buying crypto and wallet for storing the funds, you do not need to go through a stressful verification process just like the banks are doing for their new customers.

At the moment, Bitcoin is the most widely used digital coin across the globe and it does almost everything a fiat currency can do. I believe that in the next coming years more people will realize it soon and the time for mass adoption will come.

[cotton ball]

There are circumstances that cryptocurrencies are better; same with fiat currency. Both have their positive impact, comparable to the amount; cryptocurrencies are higher but fiat money is more stable. See? Both have their advantages so you better to keep them two. Do not choose one.

I think that in the future cryptocurrency will definitely be more stable than fiat money. So it’s better to buy now Bitcoin and Altcoins, which have a high level of liquidity.

Check the picture of topic carefully and you can said which one have inflation between fiat currency and bitcoin as currency, when you buy some thing suing fiat currencies in 2015 with $20 you can buy many kinds your needed, but today how much you can buy if you have $20, what about bitcoin have value $20 and now how much you can get if you have bitcoin about 0,1 btc with price of bitcoin today.

[Edraket31]

One thing I like about cryptocurrency is that even an ordinary person can easily gain access as long as he/she got a money for buying crypto and wallet for storing the funds, you do not need to go through a stressful verification process just like the banks are doing for their new customers.

At the moment, Bitcoin is the most widely used digital coin across the globe and it does almost everything a fiat currency can do. I believe that in the next coming years more people will realize it soon and the time for mass adoption will come.

Yes. But for me we still need both of them as Bitcoin is not that widely used, so we still need fiat in our life. Investment wise, yes Bitcoin is better as you can earn money in it more than you are expecting depending on your strategy, while I'd you invest fiat it cannot give you returns the way Bitcoin can, as bank just offering minimal interest.

[DaftAjax]

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And basically, the solution to such problem like these, is to develop a cryptocurrency that will be the base currency for a certain country. Definitely, a stable currency that will depends on the economic status of a particular country that can be manage by the government and its people. It can improve allot of areas in living, and whales cannot manipulate the market value. In this case, we can live in a world, where it's all digital and seamless.

Do you mean developing another sh*tcoin? Please, I don't think that's a solution at all, or rather do we even need a solution for that?

Creating a dedicated sh*tcoin for every country--what's the difference it makes compared to having fiat money (which every country has)? It defeats its purpose. What's wrong on just using a "universal" cryptocurrency(-ies) (Bitcoin, and some notable ones), isn't it more convenient to just use few? It would just result in congestion (which we are facing now). Adaptation is still hard enough for Bitcoin, what more to "unfamiliar" sh*t coins(?), in fact, it would only cause confusion to people, and you want me to believe that citizens of a country would just say yes about it?

[jarhed]

I believe that we have a very good opportunity to make money on a new type of currency. The price of cryptocurrency should grow every year. Especially the price should rise after a fall in prices over the past two years.

[Expecto]

I think in this modern age the question of “which currency should I own?” is something a lot of people that I know ask themselves when it comes to purchasing currency. There are a lot of choices to choose from such as US Dollars, Chinese RMB, Japanese Yen and many more, those are mainly fiat currencies.  However, all those currencies stated are all controlled by banks that regulate their value and are heavily affected by financial crashes such as the one in 2008. As a result sometime after the financial crash of 2008, Cryptocurrencies such as Bitcoin and Ethereum were created in order to have a currency that isn’t regulated by the banks and relies on how much trust we put into its value. Here are some reasons why Cryptocurrencies are better than fiat currency.

1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
   A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.

2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.

3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to.  You can keep generating new addresses if your previous Address is compromised. 

Concisely, cryptocurrencies have stronger security system than fiat currencies. They are also the best alternative choices for fiat currencies. In a bad economic condition, cryptocurrencies will be very advantageous compared to fiat currencies.

[udidrone]

I believe that we have a very good opportunity to make money on a new type of currency. The price of cryptocurrency should grow every year. Especially the price should rise after a fall in prices over the past two years.

calm down friend, cryptocurrency will continue to move forward the decline in the last 2 years due to bad news has always come to cryptocurrency
Looks prices have started to improve from before just waiting for good news cryptocurrency will rise and soar hight

[StayFly]

The crypto is by far better currency when compared to fiat currency. Cryptocurrency is a peer-to-peer digital currency that is fast, very secure, low-cost transactions and yet decentralized. With the global economy going cashless, the cryptocurrency is going to fit very well or even be the next generation of money.

[Kambal2000]

The crypto is by far better currency when compared to fiat currency. Cryptocurrency is a peer-to-peer digital currency that is fast, very secure, low-cost transactions and yet decentralized. With the global economy going cashless, the cryptocurrency is going to fit very well or even be the next generation of money.

I don't think they should be compared, as we all know most people now prefer fiat rather than Bitcoin as only 1% of the population knows Bitcoin as of the moment, but investment wise, then Bitcoin is better than Fiat and we all know that, Bitcoin's price differs from to time, so it is way better than just saving fiat in your bank.

[sapnu]

The crypto is by far better currency when compared to fiat currency. Cryptocurrency is a peer-to-peer digital currency that is fast, very secure, low-cost transactions and yet decentralized. With the global economy going cashless, the cryptocurrency is going to fit very well or even be the next generation of money.

I don't think they should be compared, as we all know most people now prefer fiat rather than Bitcoin as only 1% of the population knows Bitcoin as of the moment, but investment wise, then Bitcoin is better than Fiat and we all know that, Bitcoin's price differs from to time, so it is way better than just saving fiat in your bank.

In terms of usage, cryptocurrency is more convenient to use since it is digital money and it is only virtual money, meaning it is a kind of money that is stored on your website wallet or application. In terms of transaction, cryptocurrency is way more efficient since you can pay easily using the particular application you are using, you only need the address of the person you want to send your money in, and then it is sent by just a millisecond. It is way safer than in physical transaction, there is no threat of stealing but the only threat is the scamming. You should be aware of scamming, there are lot of scammers in this section so you should be aware to that. Cryptocurrency is better than fiat because it saves space.

[shoreno]

In terms of usage, cryptocurrency is more convenient to use

do you think its convinient to pay and wait for some time  ? you knew there are times that our crypto payments got delayed  .

It is way safer than in physical transaction, there is no threat of stealing but the only threat is the scamming.

scamming does not differ from stealing  . what can happen on fiat can also happen on your crypto

You should be aware of scamming, there are lot of scammers in this section so you should be aware to that. Cryptocurrency is better than fiat because it saves space.

you mean on this bitcoin section ? this is only a forum but there are still many scammers outside  . cryptos does not save space at all but it still consume some space on your device .

[Aying]

First of all cryptocurrency is a non legal distribution of money in which they don't need to pay their taxes in order for them to buy some goods or things while in fiat you need to transfer crypto into a fiat to become a legal currency that has been issued by the government in which the items or the things you need to buy have a equivalent of a taxes. That was one of the many reasons why cryptocurrency is more better than fiat.

One of the million reasons we have. still crypto currency is the best choice rather than fiat. but for now fiat is still helping us to improve our society regulated by government. maybe crypto will help us in future but we still need to balance all of this whether it is good or not. better to achieve success solution than rushing a thing we couldn't expect to happen. 

[skarais]

I like cryptocurrency because it is anonymous, not controlled by anyone and can also be used at any time when there is an internet connection. So far fiat is also not a problem in everyday life, but in my opinion cryptocurrency can make people safe to control their finances.
Everyone will judge the benefits of cryptocurrency from various aspects, I'm sure of that. Apart from being a currency, cryptocurrency can also be used as a profitable investment asset.