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Author Topic: Fiat Vs Cryptocurrency, which would you choose?  (Read 3855 times)
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December 11, 2019, 05:23:03 AM
 #101

I use both, so I'm on both sides. although I use cryptocurrency, but I also still use Fiat. however, the two things are interconnected. cryptocurrency currently has many advantages over Fiat, but the thing to know is, cryptocurrency is not accepted as a legal transaction tool in some countries. so I used both, and I thought they were good enough and useful for me.

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December 11, 2019, 06:21:49 AM
 #102

well for me both are very important and somewhat fiat is more important than crypto here, cuz we can't buy everything with crypto atlest in current world maybe after 20 or 30 yrs we can buy everything with crypto..for me crypto is like an investment ..sell when you need hard cash or keep them in safe place if no need of hard cash or hurry but keep collecting through sells, deals or exchange sites via small or long terms trades.
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December 11, 2019, 06:55:31 AM
 #103

Let me say, from those option you give, i choose both of them, because in actual way i really need both of them. Crypto for trading and Fiat when the time to use my money has come. In my country, use of cryptocurrency is not so familiar, so i need fiat to make them useful for my daily needs.


Exactly,  investing in cryptos gives us profits which we don't get when we just have FIAT but after all our investments we eventually have to cash out our profits and that's when we convert into FIAT because not a lot of people accept cryptocurrencies as a means of payment.

it's one of the factors why many people still choose fiat, because the use of crypto is limited, even in some countries it is prohibited. even though there is a credit card I still want to use crypto, I actually don't want to deal with banks, because it's controlled by the government. several times using crypto is very convenient, low cost and fast transfer.

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December 11, 2019, 07:20:46 AM
 #104

Indeed the Cryptocurrency is still new currency if compared to fiat money that has been used by everyone for decades. Crypto is safer to use than fiat money, because Cryptocurrency is decentralized which is not regulated or controlled by the government and banks.
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December 11, 2019, 07:35:18 AM
 #105

Let me say, from those option you give, i choose both of them, because in actual way i really need both of them. Crypto for trading and Fiat when the time to use my money has come. In my country, use of cryptocurrency is not so familiar, so i need fiat to make them useful for my daily needs.


Exactly,  investing in cryptos gives us profits which we don't get when we just have FIAT but after all our investments we eventually have to cash out our profits and that's when we convert into FIAT because not a lot of people accept cryptocurrencies as a means of payment.

it's one of the factors why many people still choose fiat, because the use of crypto is limited, even in some countries it is prohibited. even though there is a credit card I still want to use crypto, I actually don't want to deal with banks, because it's controlled by the government. several times using crypto is very convenient, low cost and fast transfer.
im not sure about low cost and fast transfer, precisely the fiirst problem to be solved of crypto is about long transaction time and need cost diffirent with fiat who no need cost for every transactions..... many problem to fixed in the crypto for used by lay person and goverment if want for daily but for crypto people its not big problem and still use crypto because no need deal with banks

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December 11, 2019, 11:35:25 AM
 #106

I will use both in my life. Cryptocurrency is currently very popular but it cannot completely replace Fiat. In many cases we need to use Fiat to pay for what is needed, and the future of cryptocurrency is not yet clear, it could be banned and collapse at any time in the future

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December 11, 2019, 02:14:42 PM
 #107

Both of them I need it, both crypto and fiat. Crypto in my country cannot be used as a means of payment, so far I have used fiat for various purposes, such as paying bills, buying food and others. Whereas I use crypto to invest and trade to get profits.
Agree, we all need both, if someone forces us to choose between both, it will be a very difficult problem because if we don't know about crypto, we can ignore it but when we know its benefits, this will be a method to invest and make money that we cannot ignore, many people have regretted in the past, people probably won't hope they will regret it in the future. Improve the capacity of crypto, we still should not ignore fiat, it is an indispensable thing in life, and crypto users also need fiat when fiat is the final stage to convert profits in crypto into real assets

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December 11, 2019, 02:26:22 PM
 #108

Both of them I need it, both crypto and fiat. Crypto in my country cannot be used as a means of payment, so far I have used fiat for various purposes, such as paying bills, buying food and others. Whereas I use crypto to invest and trade to get profits.
Agree, we all need both, if someone forces us to choose between both, it will be a very difficult problem because if we don't know about crypto, we can ignore it but when we know its benefits, this will be a method to invest and make money that we cannot ignore, many people have regretted in the past, people probably won't hope they will regret it in the future. Improve the capacity of crypto, we still should not ignore fiat, it is an indispensable thing in life, and crypto users also need fiat when fiat is the final stage to convert profits in crypto into real assets
Maybe now it is a need or a must to have a fiat currency in our wallet or in our bank account but in the future, the digital currencies will shine so as cryptocurrencies. Even though there is a volatility in the market of cryptocurrency, people in the future will still trust it more compare to other type of currencies because of the usage and technology that the cryptocurrencies have.

 
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December 11, 2019, 07:55:00 PM
 #109

Let me say, from those option you give, i choose both of them, because in actual way i really need both of them. Crypto for trading and Fiat when the time to use my money has come. In my country, use of cryptocurrency is not so familiar, so i need fiat to make them useful for my daily needs.


Exactly,  investing in cryptos gives us profits which we don't get when we just have FIAT but after all our investments we eventually have to cash out our profits and that's when we convert into FIAT because not a lot of people accept cryptocurrencies as a means of payment.
Yes this is modern era many people use fiat as payment and some use crypto so it’s about the area where we are living. If we are in a modern place so online shopping will be done with crypto and we can buy with fiat too but we need both as making investments with crypto and using fiat for our daily needs better keep both in your pocket.
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December 11, 2019, 08:47:44 PM
 #110

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December 12, 2019, 11:39:39 AM
Last edit: December 12, 2019, 03:41:50 PM by Chrystora123
 #111

I chose both fiat and crypto..  I chose fiat because I needed it to pay for my various daily needs,  for example buying drinks,  paying taxi drivers,  etc.. and I chose crypto because I needed it as a short-term investment and as my payment on the internet. As simple as that.  I did not choose only one side, because both are equally important to me.  

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December 12, 2019, 12:00:31 PM
 #112

I will choose both for my use, and Fiat serves to pay for my needs in everything because in the country where I live I have not found a transaction that uses cryptocurrency in cash and to be able to use it as a transaction that I convert cryptocurrency to fiat.
and cryptocurrency can be used as an asset or investment in the long run to get the maximum profit, and I will only use it if I need it and only as needed.


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December 12, 2019, 08:00:44 PM
 #113

I will choose crypto every day but that doesn't mean i detest fiat because fiat currency carries the symbol of the nation and every patriot must respect that.
With that been said, i think the problem now is that some crypto enthusiasts actually misunderstood Satoshi's vision cause we need both fiat and crypto to survive in this world.
I do not really understand what patriotism has to do with supporting the fiat currency printed by the government, the government and the nation are not the same thing, I love my nation but that doesn't mean that I do not see all the mistakes that the government in charge is making an without a doubt one of the biggest mistakes of all the governments around the world is to have a fiat currency.

So when all the system collapses I do not want to be one of those people that are going to lose everything that they had worked so hard to get just to support my government.
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December 12, 2019, 10:27:09 PM
 #114

remember using a credit card for the long term is not good because indirectly we are given a loan and can make us owe the bank.

choosing between Fiat and Cryto, I definitely chose both.
because I use Fiat for shopping, buying daily necessities and maybe for holidays.
whereas Crypto I only use to trade on the market, if I make a profit I will withdraw and become Fiat. and so on.
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December 12, 2019, 11:59:40 PM
 #115

Very few users prefer bitcoin for their convenience, while majority of the users prefer based on the growth that takes place with time. The same growth can never be got out of any form of investment. When it comes to convenience, these days banking services have provided support through much user friendly applications.

Bitcoin is very young to compete with fiat, but the growth it has achieved in the short time period have made banks fear on its existence and keep themselves updated with the technology used by the bitcoin.

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December 13, 2019, 03:33:29 AM
 #116

I think both are good because there are good and bad aspects of everything such as Fiat and cryptocurrency and Fiat which we use to buy something and for cryptocurrency investing we will hold on to Crypto and think of ways to make money easily The price will go up much lower.

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December 13, 2019, 04:08:09 AM
 #117

Very few users prefer bitcoin for their convenience, while majority of the users prefer based on the growth that takes place with time. The same growth can never be got out of any form of investment. When it comes to convenience, these days banking services have provided support through much user friendly applications.

Bitcoin is very young to compete with fiat, but the growth it has achieved in the short time period have made banks fear on its existence and keep themselves updated with the technology used by the bitcoin.
With how bitcoin being adopted and being use by people into investment form that particular concern banking system are eyeing and making sure that they still have the main control of financial institutions around the world. It will risk the business if bitcoin will be adopted from both ends and they will not do anything to update their system or do something to prevent the entire society to switch over to cryptocurrency.
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December 13, 2019, 05:58:57 AM
 #118

I think both are good because there are good and bad aspects of everything such as Fiat and cryptocurrency and Fiat which we use to buy something and for cryptocurrency investing we will hold on to Crypto and think of ways to make money easily The price will go up much lower.
both of them are very useful now, I can't even choose between one of them because I feel that the two transaction tools are very important for now. Well, I use cryptocurrency for online business, and Fiat uses it for an offline business. Well, however, we can't use crypto for an offline business. so both are very useful.

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December 13, 2019, 06:53:27 AM
 #119

We don't have a choice here, at least many of us don't have that luxury to choose. We are forced to use fiat, nobody ask us do we wish to pay in fiat or crypto, we know that stores accept only fiat. Some people can choose, people who live in developed cities, not countries, cause even in developed countries just big cities have stores where you can spend crypto.
If I could choose I would choose crypto, we are here for a reason, cause we like crypto, and what crypto stands for.

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December 13, 2019, 08:50:47 AM
 #120

We have no way out at the moment. So far, we all use fiat money, but I'm sure this will change in the near future.
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