Fiat Vs Cryptocurrency, which would you choose?

[Hallmader]

I need both. Can we do with only one of the two? For now, this is hardly possible. We are only given a very limited number of businesses where we can use our crypto as payment. Perhaps the time will come when crypto will suffice. But not yet for now.

[lienfaye]

Crypto particularly btc is not different to fiat, both are currencies and has their own convenience to people who are using it. Its just that fiat is been here for long period already and recognized as the main currency regardless of your status in life. On the other side to be able to use crypto you need to have an internet to make a transaction and not all people are aware of its existence. Using crypto is convenient because of the opportunity to earn due to the price fluctuation and anonymity.

[Sadlife]

Crypto currency is convenient but there isn't anything much use of it in the real world such as access to good and services in my country only plenty of people has knowledge of it besides investment and buying game credits is only thing available to buy with cryptos currently. Right now both fiat and crypto is what i chose cause both has certain benefits.

[Hallmader]

Crypto currency is convenient but there isn't anything much use of it in the real world such as access to good and services in my country only plenty of people has knowledge of it besides investment and buying game credits is only thing available to buy with cryptos currently. Right now both fiat and crypto is what i chose cause both has certain benefits.

Both have advantages and disadvantages at this moment. Both have pros and cons. They both have their edges over the other as well. This is the transition phase. It is understandable when the one payment is not yet totally dominating or overcoming the other because they have their own unique use cases.

[yulionoo]

at the moment I have used all three together. I use cryptocurrency to invest and seek profits. I have not been able to use crypto as a means of payment because crypto in my country is still legally only permitted as a trade and investment community. I will exchange the profits from crypto with fiat money. For daily transactions such as buying vegetables and other needs, I use fiat money. and I also use a credit card or payment application to pay utility bills, buy clothes at online stores and order food because usually when using the application there are some attractive promos. I did not choose because everything has advantages and disadvantages. the important thing is I can use these three types of money well.

[slashz9]

for now, I need both of them to be difficult if using crypto fully and also fiat currency has also weakened so the presence of digital currencies is also very much needed. So I chose both, despite everything, You also still need both in my opinion.

[naikturun]

both, you might be able to choose one side, but each has advantages and disadvantages.
fiat shortages to inflation while crypto is still too volatile and difficult to use all transactions.
so crypto and fiat are still needed in my opinion.

[Vishnu.Reang]

Depends on the purpose. For being used as a currency, I guess fiat is better. Because since cryptocurrencies such as Bitcoin are protected against inflation, they will be used more for the purpose of investment rather than as a payment method. But the idea of having a single global currency is an interesting one. Perhaps we could create an inflationary cryptocurrency similar to fiat?

[bitvestorhacked]

Crypto keeps your money away from the govt and banks until you need fiat, so i choose crypto until i need fiat, the only reason people are not 100% crypto yet is the price fluctuation, its up now and the down later the fear of the uncertainty is still there always but if that was not a factor everyone will say crypto because almost all the stores will be open for business with it. I choose crypto until i need fiat.

[ecnalubma]

We need both, for the meantime fiat is the most effective way to pay and purchase. Fiat is still the most convinient and we can't live without, although crypto is more efficient but because of minimal adoption or because it is still in experimental state its hard to circulate the way it should be due to different factors.

[stiffbud]

I am not taking sides here. I love crypto and I need fiat.
I jet paid in fiat and has to get my things done in fiat. Crypto for me is mostly an investment. I aspect the price of the crypto I hold would increase in price and I'll have a profit selling it. I don't expect the same from fiat.

So basically you love fiat and you are in Crypto for just taking profit as an investor.
I don't think like that as I love my privacy online and many a times it's better for us to hide our identity while surfing online. So it is the main reason why I choose to use crypto instead of fiat or using banks online and also many a times offline on the street. Also crypto protects us from censorship and also from price inflation that is quiet high in many countries like Zimbabwe.

[Baby Dragon]

If Bitcoin is legalized everywhere, I will definitely go with it.

The thing here is that Bitcoin/cryptocurrencies and fiat are like a combo for now.

Trading, investing, they do not stay on the boat of just one, we put ourselves on these both boats in order to get a good profit in the near future. If we will just be focussing on one, we will not be able to use that profit since we all know not all of the countries will be accepting cryptos. Some leaders hate it, some like the idea of it and want to use it in a longer period of time. For me, I can't use Bitcoin every day, I also need to rely on Bitcoin's exchange on fiat since not all of the stores would even accept it, I will not choose but use these two.

It's true that some governments are against with cryptocurrency and that is the reason why up until now we are using fiat, they both have advantages but we all know that using cryptocurrency is less hassle that's why most of us prefer on using it than fiat. On the other hand, some people from rural areas are does not even know that a digital currency existed. It will be difficult for them to understand on how it works because they grew up using fiat as a currency and without using technology, well unless there is someone who's willing to enlighten them about it. It isn't bad using both because they are both beneficial to us, also it's a matter of preferences.

[liuqi]

We need both, for the meantime fiat is the most effective way to pay and purchase. Fiat is still the most convinient and we can't live without, although crypto is more efficient but because of minimal adoption or because it is still in experimental state its hard to circulate the way it should be due to different factors.

To avoid the crypto in says banks and general payment proces providers are taking their payment security to next level and streaming it everything in online. Once they achieve the complete target of how to press being used then they will get the the real problems in the fee structure.
Finally those uses will be join to the repair mode of payment and or they will initialise cryptocurrency API on their site or app.

[Murat]

On the current context, you can't avoid anyone between these two, Both Fiat and Cryptocurrency essential to me in these days, but obviously, Fiat is more required to me in my daily life, but if my country would accept Bitcoin and cryptocurrency then the situation would be different for me, I like Cryptocurrency but the reality is that I need Fiat, I have a dream when every payment will be made by the cryptocurrency but the process is not still established yet, on this regards, Cryptocurrency, and Bitcoin should be legalized in every country, If not then this cryptocurrency will not sustain for a long time successfully.

[EdvinZ]

For everyday payments, I would certainly choose fiat currencies, because cryptocurrencies have an unstable price. Cryptocurrencies in fact, investment instruments. And free funds can be invested in digital assets and other stocks. So I would choose both — fiat money and cryptocurrencies.

[boyptc]

Both side has their opinion to express so there's no side that is wrong unless it's harming the other side. I'm for both sides, I'm a crypto enthusiast and visioning that it will go far to the point that people will regret that they never get in while it's early.

And for the fiat side, it's a gov't backed up so you have to understand that you can't stop it easily.

[BuNga_cute]

If I had to choose which is better between fiat and cryptocurrency, I would choose cyptocurrency. I would not hesitate to
choose cryptocurrency because there are many advantages to cryptocurrency that I need compared to fiat. I really hope
cryptocurrency will be able to replace fiat in the future, although in the near future it is still impossible for my wish to come
true. But in the future cryptocurrency could become a digital currency that is accepted globally by people of all countries in
the world.

[BitHodler]

I don't have a problem with fiat. IMHO, I don't think crypto can compete with fiat on any level as money. It's not stable, not a unit of account, poorly accepted throughout the world, and the list goes on.

Crypto is great for speculation, censorship resistance and cross-border value transfers. Great features, but does the average person need all these features? I don't think so. Speculation is what 90% of the people are here for.

[MyIdeas]

I don't have a problem with fiat. IMHO, I don't think crypto can compete with fiat on any level as money. It's not stable, not a unit of account, poorly accepted throughout the world, and the list goes on.

Crypto is great for speculation, censorship resistance and cross-border value transfers. Great features, but does the average person need all these features? I don't think so. Speculation is what 90% of the people are here for.

The problem with fiat appears when we have to pay high fees while transferring it via a third party which is also a risk that we rely on a third party for our transactions. Even fiat is not stable but the volatility in cryptocurrencies is high because of small community which is increasing day by day. Anyone when hear about the features of bitcoin happily accept bitcoin and use it, and so on. . .

Crypto is really happily accepted for speculation but many traders also do the same with other currencies (fiat). You can observe an average person have cryptocurrencies who have invested their money in it or accepting and using it for their daily needs in their own countries while you can see that USD is considered as a global/international currency but an average person do not use it in their country or do not hold USD for future.

That is all which make cryptocurrencies better than fiat.

[meliodas]

I would have one chance to choose then I would choose cryptocurrency over fiat any day. Cryptocurrencies has a lot of potential and opportunities for its users and that is why I would settle for cryptocurrency. Even though its value is not fixed, it is an advantage for me because I can play with the volatility to create more money for me.