If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme

[DreamStage]

Fiat has to be used for your daily life payments, for daily life buying, taxing and so much things involved.
For sure it is way harder for you to profit from an investment or positive income rather than bitcoin or any other cryptocurrency where you have your money stagnated for some specific time.

During that time, bitcoin grows or drops but you have your money HODLing somewhere on the network, meaning it's not getting touched.
Therefore you get your gains from other people's investments (from price fluctuation and trading) just like a pronzi scheme where you get your gains from other people's investments.

On the other hand Fiat is constantly being used for your life shops.
So yeah that's basically why fiat is a get poor slow scheme

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[karanggatak]

I think bitcoin will never replace fiat money. although bitcoin has been proven to provide great benefits but it will not make the government legalize and support bitcoin. because bitcoin is decentralized and the government doesn't like something that can't be controlled. and in my opinion if in the future the government wants to replace fiat money with crypto then surely they will make their own crypto which they can control.

[KnightElite]

Fiat has to be used for your daily life payments, for daily life buying, taxing and so much things involved.
For sure it is way harder for you to profit from an investment or positive income rather than bitcoin or any other cryptocurrency where you have your money stagnated for some specific time.

During that time, bitcoin grows or drops but you have your money HODLing somewhere on the network, meaning it's not getting touched.
Therefore you get your gains from other people's investments (from price fluctuation and trading) just like a pronzi scheme where you get your gains from other people's investments.

On the other hand Fiat is constantly being used for your life shops.
So yeah that's basically why fiat is a get poor slow scheme

Saving fiat money cannot make you rich because the inflation will beat you. There is a saying that savers are losers and it is definitely true. If just invested the fiat money that we have in bitcoin before, it will generate big amount of profit to us. Those people who chose to make invested in bitcoin than to save their fiat money back then, did a great job and they are now enjoying their lives because of the profit that they got.

[Sadlife]

There are tons of opportunity in bitcoin you can earn from it, make it a source of living and invest in it for your future, because it is not monetized by any government and it is not centralized by any banks. In other words you can freely use your money if you're a bitcoin user. Unlike fiat governments and banks will tax you and even lower your money's value by printing more paper money

[BartS]

I found this quality topic on twitter and it all caught my attention. I have seen that fiat is the currency of the Government and Bitcoin is the currency of the people, Can the Government Crash? if so the people cannot Crash neither, because so many people are not making good business from the fiat than in bitcoin, which have provided so much job opportunities for users who are online. Fiat will be replaced soon by bitcoin.

Share your thoughts

Fiat in the best case scenario is a get poor slowly scheme but if the government makes many mistakes then it can quickly become a get poor quick scheme, we have seen this in many countries in the past and we will continue to see this in the future.

However I do not see fiat being replaced by bitcoin since that will require that governments all over the world admit they are not capable of creating a stable currency and they will never admit that especially with the huge power fiat currencies give to them.

[Yordenis91]

Maybe, i should make an investigación.

[gabmen]

I found this quality topic on twitter and it all caught my attention. I have seen that fiat is the currency of the Government and Bitcoin is the currency of the people, Can the Government Crash? if so the people cannot Crash neither, because so many people are not making good business from the fiat than in bitcoin, which have provided so much job opportunities for users who are online. Fiat will be replaced soon by bitcoin.

Share your thoughts

Fiat in the best case scenario is a get poor slowly scheme but if the government makes many mistakes then it can quickly become a get poor quick scheme, we have seen this in many countries in the past and we will continue to see this in the future.

However I do not see fiat being replaced by bitcoin since that will require that governments all over the world admit they are not capable of creating a stable currency and they will never admit that especially with the huge power fiat currencies give to them.

Well if the government makes many mistakes, they have all the means to cover up for it and keep the current system running. Being rich or being poor doesn't depend on the system or the currency. It's the individual that would tell whether they'll be successful or not. Most rich people today came to where they are through hard work. Bitcoin promises a shortcut but you'd likely end up on the losing end if you look at it that way.

[julius caesar]

Bitcoin cannot be the main money of every country because it is dependent on the internet. We do not have internet always on our side that is why we will be needing fiat money still. Plus the fact that its price is dependent on the consumer of it. Having a volatile is kinda hard to penetrate by the government. So we really need fiat money still.

[k@suy]

I found this quality topic on twitter and it all caught my attention. I have seen that fiat is the currency of the Government and Bitcoin is the currency of the people, Can the Government Crash? if so the people cannot Crash neither, because so many people are not making good business from the fiat than in bitcoin, which have provided so much job opportunities for users who are online. Fiat will be replaced soon by bitcoin.

Share your thoughts

Fiat in the best case scenario is a get poor slowly scheme but if the government makes many mistakes then it can quickly become a get poor quick scheme, we have seen this in many countries in the past and we will continue to see this in the future.

However I do not see fiat being replaced by bitcoin since that will require that governments all over the world admit they are not capable of creating a stable currency and they will never admit that especially with the huge power fiat currencies give to them.

Well if the government makes many mistakes, they have all the means to cover up for it and keep the current system running. Being rich or being poor doesn't depend on the system or the currency. It's the individual that would tell whether they'll be successful or not. Most rich people today came to where they are through hard work. Bitcoin promises a shortcut but you'd likely end up on the losing end if you look at it that way.

Yes I am agree with you. The fate of every person depends only on him or her. If he or she really wanted get rich he or she will have to work hard in order to be successful in life because even if you are a trader, you will not be successful someday if you are lazy co'z we all know that here in trading we can easily be rich in just a short limit of time if and only if we work hard and strive for succes.

[arimamib]

Bitcoin cannot be the main money of every country because it is dependent on the internet. We do not have internet always on our side that is why we will be needing fiat money still. Plus the fact that its price is dependent on the consumer of it. Having a volatile is kinda hard to penetrate by the government. So we really need fiat money still.

so far fiat is still widely used but if the development of technology is increasingly widespread then I think payment technology like bitcoin can be a reference. so for the time being I don't think bitcoin is used too much, but in the future there might be hope

[Asmonist]

Its quite possible to happen soon but I think fiat cannot be stopped abruptly. There are many factors to consider as well especially in regulating bitcoin by government. As they speculate thr government may create their own crypto coin. But I believe they cannot replace bitcoin. It has been the beginning of all cryptoworld. We cannot disregard bitcoin all the way.

[Reid]

First time I have read this thread and it gave me a really good laugh.   Specially the title.

There is a way to make money out of fiat, of course we should have known that if we took a desk job or day job.
Although, I may say that is not just the reason into why bitcoin is toppling the fiat currencies.

But first let us get real.
How are you buying your necessities? Ain't it still fiat by now. We all want to support bitcoin but let us not be exaggerated here.
Fiat is still one of the main reason into why you are living. It might have given you a job to create money but still you are converting it to your own country currency to say that you made money out of bitcoin.

[Butwhytho]

The tweet has nothing to do with Fiat. I think Op is misinterpreting that, it should be Bitcoin a slow scheme not to be poor.

Exactly! I remember the hype and reposts when someone wrote: "Bitcoin is not a get rich quick scheme but don't get poor slow one".

[Shasha80]

Comparing fiat with bitcoin will never run out. In my opinion a discussion that never ends, in the future it is probable that cryptocurrency
will replace fiat. But it's definitely not bitcoin that will be a substitute for fiat, but rather crypto which will be made by each country.
Because the government requires centralized cryptocurrency, which has a price stable and also can be controlled. Different from bitcoin
that cannot be controlled and the price is volatility. And I disagree with the title on top of bitcoin is a get rich quick scheme, the reality of
getting rich with bitcoin cannot be fast and instant. Instead it has to go through a long process and requires hard work.

[putukin]

Comparing fiat with bitcoin will never run out. In my opinion a discussion that never ends, in the future it is probable that cryptocurrency
will replace fiat. But it's definitely not bitcoin that will be a substitute for fiat, but rather crypto which will be made by each country.
Because the government requires centralized cryptocurrency, which has a price stable and also can be controlled. Different from bitcoin
that cannot be controlled and the price is volatility. And I disagree with the title on top of bitcoin is a get rich quick scheme, the reality of
getting rich with bitcoin cannot be fast and instant. Instead it has to go through a long process and requires hard work.

I am always amused that every country wants its own national cryptocurrency. However, what profit does this have for people? If Bitcoin consists of the idea of anonymity, decentralization and protection from third parties, then the national cryptocurrency does not. What a sense? This is an endless war of people and government

[bitzizzix]

There will be no end to comparing bitcoin with fiat and both are very useful for everyone, but fiat is superior because fiat existed before bitcoin existed and became a legitimate payment for buying and selling and needed by everyone to survive because everyone needs fiat.
bitcoin so far has not been as perfect as money and can only be used as an asset or investment that can change their lives for the better or get rich, and become an alternative payment to replace fiat and is limited because not all stores or transactions of any type use bitcoin, but there is no who knows in the future and in my opinion both will benefit everyone and complement each other.

[zviadits]

I think bitcoin will never replace fiat money. although bitcoin has been proven to provide great benefits but it will not make the government legalize and support bitcoin. because bitcoin is decentralized and the government doesn't like something that can't be controlled. and in my opinion if in the future the government wants to replace fiat money with crypto then surely they will make their own crypto which they can control.

Bitcoin cannot be controlled, this is the main reason that no government will accept it instead of fiat money

[Murat]

I don't believe that at all Bitcoin is a quick scheme in order to get rich and Fiat is a poor slow scheme, tell me how many rich people in this current world are using Bitcoin? I think you could find a very small amount of people who are gaining through Bitcoin and cryptocurrency forum, on the other hand, A lot of examples you will get that most of the rich people have gained their wealth by fiat, So method doesn't matter at all, I think if you have a specific and precise idea then you could gain whatever you will follow.

[djsugar]

Inflation is necessary for the economy to work. Fiat which has inbuilt inflation is not bad. But hyperinflation in bad when it gets out of hands. If you look at Bitcoin which has inbuilt deflationary property because of fixed supply, it fails as currency. People tend to save it instead of actually spending it.
So yeah, when it comes to saving. Saving money in Fiat will definitely make you poor. Instead invest it somewhere and let your money grow.

[BeManga]

I found this quality topic on twitter and it all caught my attention. I have seen that fiat is the currency of the Government and Bitcoin is the currency of the people, Can the Government Crash? if so the people cannot Crash neither, because so many people are not making good business from the fiat than in bitcoin, which have provided so much job opportunities for users who are online. Fiat will be replaced soon by bitcoin.

Share your thoughts

i will agree that fiat is get to poor slow scheme if you compare the money you have 10 years ago you will know how the price of money drop
the price of goods rise and the value of money drops if you will save some cash today after 10 years it will not be worth the same.