Fiat Vs Cryptocurrency, which would you choose?

[Duzter]

  Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?

The comparison of the the currency depends on the people, the users who will decide on where and how to use their money. Crypto currency for me, is better when you are risky enought to invest and have high hopes on increasing your money conveniently and with less effort. On the other side, fiat is good through traditional transactions that are still not accepting any other payment and is more secure to store.

Once the lightening network is developed completely traditional transactions will also be done with bitcoin with ease. People who aren't much knowledged about investing and has got little knowledge to use computer can just buy and hold bitcoin. This will surely give assured return on the investment. As quoted, based on the usage both were chosen, fiat now is much required on day to day life transactions while bitcoin is preferred for long term holding and on trading needs to earn little.

[yslyv]

cryptocurrency is not for daily usage yet. it is mostly for investment. i wouldn't make a choice between these two. fiat is the best for daily usages. but crypto market has a huge potential to invest in for long term.

[Faxmate]

cryptocurrency is not for daily usage yet. it is mostly for investment. i wouldn't make a choice between these two. fiat is the best for daily usages. but crypto market has a huge potential to invest in for long term.

i agreed with you that fiat is convenient for daily usage because most of the people in our societies do not know about the crypto and that is they use only fiat like consider a business owner who do not know about crypto will run his whole business on fiat, in turn we all will use fiat for buying his product, but crypto has also usage for online shopping and very good for investment too.

[meliodas]

cryptocurrency is not for daily usage yet. it is mostly for investment. i wouldn't make a choice between these two. fiat is the best for daily usages. but crypto market has a huge potential to invest in for long term.

i agreed with you that fiat is convenient for daily usage because most of the people in our societies do not know about the crypto and that is they use only fiat like consider a business owner who do not know about crypto will run his whole business on fiat, in turn we all will use fiat for buying his product, but crypto has also usage for online shopping and very good for investment too.

The market that accepts bitcoin online are so small and for most of the online shop owners doesn't want to accept bitcoin because it doesn't make sense for them because of the fees and transaction time that it would take to just get the payment. We are still not prepared to use most of the real cryptocurrencies online.

[Ozero]

There are no absolutely perfect and perfect means of payment in us. While each means of payment has its advantages and disadvantages. Therefore, do not focus on either ordinary currency or cryptocurrency. They need to be used all, using their advantages depending on the goals we have chosen. And it is unlikely that we will have an ideal currency, at least in the near future.

[Palider]

I don't want to choose any side here because both fiat and crypto currency have a good use for us,  like in fiat we can use this in all store nationwide without verifaction on a 3rd party. And also in crypto currency that we can use to pay products we want to buy online. That's why fiat and crypto currency are usefull for us because this 2 have disadvantage and also advantages to each others.

[supercanada1]

Of course, I prefer cryptocurrency. I like the conception of financial freedom, but nowadays we all have to use fiat money. And this situation won't change soon.

Both the paper money and the digital currency are equally important in today’s world. This is because various systems need different types of money .Digital currency is important for local purposes where fiat is necessary for the official proceedings such as the banking systems. Cryptocurrency is taking over the world because it is being excessively used for the international transactions.

[Negotiation]

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.

That a good example of how to manage the usages of both services, the system for online deals can be done thru crypto while fiat system will be kept as it is when dealing with offline transactions. The idea of comparing should not be a big concern instead should be taking as a good options when you both understand the benefits. It's the users who will justify the uses of both system and enjoy the benefits.

yes many people choose both of cryptocurrency and fiat, because fiat for daily needs its cause there is no store accept payment of cryptocurrency so they are still need fiat for life. and people use cryptocurrency for side job to make more money, investment or etc.  cryptocurrency and fiat has own usability so people can not choose one of both

The plan is great so I think it is good to choose between the two and to be limited to the two because both are useful to us online while the other is offline Everything has its advantages.

[Google+]

Of course, I prefer cryptocurrency. I like the conception of financial freedom, but nowadays we all have to use fiat money. And this situation won't change soon.

Both the paper money and the digital currency are equally important in today’s world. This is because various systems need different types of money .Digital currency is important for local purposes where fiat is necessary for the official proceedings such as the banking systems. Cryptocurrency is taking over the world because it is being excessively used for the international transactions.

as far as I know now I should not have thought about paper money because with paper money it is not too efficient for its use and increasingly expensive raw materials, it is better to use a digital currency system that can be more efficient when used, with the use of digital currencies not more natural resources.

[inanilujimi]

Both are not a choice that must be determined, because for me crypto and fiat continue to be used for daily life and have their respective uses and advantages.
The story will be different if fiat is no longer considered a legitimate transaction tool, maybe I will move to crypto completely.

[Twentyonepaylots]

Of course, I prefer cryptocurrency. I like the conception of financial freedom, but nowadays we all have to use fiat money. And this situation won't change soon.

I couldn't agree more, most people will still choose fiat over crypto because it is what they have been used to. Us people especially cryptocurrency enthusiasts will definitely choose crypto because we saw its benefits and we have gained financially from it. This revolution we have been waiting for will happen inevitably, but it won't happen just yet until ample people still prefer to use fiat with their day to day activities.

[Shimmiry]

Of course, I prefer cryptocurrency. I like the conception of financial freedom, but nowadays we all have to use fiat money. And this situation won't change soon.

It is very crucial at this moment to choose and decide for good whether to use only crypto and/or use only fiat. We are all aware how convenient and how good it is to use cryptocurrency, from the freedom it gives to crypto investors, users, and enthusiasts up to its feature of being a safe haven especially for investors that lives in a country that is undergoing an economic turbulence. Also, we can't just drop fiat (just in case) because not all government is open about accepting cryptocurrencies. So I think its practical not to take sides and use whatever would be convenient to your need.

[wxa7115]

for me both are good, because if we get fiat, then we can easily spend it immediately, but if we get crypto then we can exchange it for fiat and easily spend it. but for now it's easier to shop if you have fiat

But you are only thinking on the short term implications of using fiat or cryptocurrencies, a coin like bitcoin has grown almost exponentially since it was created while the value of the fiat in your pocket does nothing but to go down, so when you see things from a long term perspective it is easy to see who is the best.

Besides the fact that cryptocurrencies cannot be easily be spent plays to our advantage since that means that you have to hold your coins since you cannot easily spend them and this means you have a better chance to capture positive movements in the market and make money thanks to it.

That is the main reason why fiat is still the king in the monetary system because bitcoin and other cryptocurrencies are not widely accepted so it is a hindrance for people to choose cryptocurrencies over fiat. In my honest opinion, there is nothing wrong to choose fiat over cryptocurrencies because you can still do a lot of things with fiat like use it as a capital on different investments.

But it depends entirely on the reasons of why you are choosing fiat over bitcoin, if what you want is to spend your money in something that you want then I will agree with you, fiat is by far the best choice for a person that wants something like that.

But if we are talking about which one is the best investment then this is a no contest, bitcoin is by far the best option, just look at what a dollar could buy you ten years ago and look at what you could buy today if you had used that dollar to buy whatever bitcoin you could, so make no mistake everything is a tool to get what you want and you need to make sure to make use of the correct one if you want to achieve your goals.

[Boov]

for me both are good, because if we get fiat, then we can easily spend it immediately, but if we get crypto then we can exchange it for fiat and easily spend it. but for now it's easier to shop if you have fiat

But you are only thinking on the short term implications of using fiat or cryptocurrencies, a coin like bitcoin has grown almost exponentially since it was created while the value of the fiat in your pocket does nothing but to go down, so when you see things from a long term perspective it is easy to see who is the best.

Besides the fact that cryptocurrencies cannot be easily be spent plays to our advantage since that means that you have to hold your coins since you cannot easily spend them and this means you have a better chance to capture positive movements in the market and make money thanks to it.

That is the main reason why fiat is still the king in the monetary system because bitcoin and other cryptocurrencies are not widely accepted so it is a hindrance for people to choose cryptocurrencies over fiat. In my honest opinion, there is nothing wrong to choose fiat over cryptocurrencies because you can still do a lot of things with fiat like use it as a capital on different investments.

But it depends entirely on the reasons of why you are choosing fiat over bitcoin, if what you want is to spend your money in something that you want then I will agree with you, fiat is by far the best choice for a person that wants something like that.

But if we are talking about which one is the best investment then this is a no contest, bitcoin is by far the best option, just look at what a dollar could buy you ten years ago and look at what you could buy today if you had used that dollar to buy whatever bitcoin you could, so make no mistake everything is a tool to get what you want and you need to make sure to make use of the correct one if you want to achieve your goals.

Very well said but in my own opinion I think bitcoin cannot fully replace the fiat all though it will serve a huge help for the government to enhance their economical status because fiat is the pioneer mode of payment and we are using it from the late 1900 until now and it is very difficult to change from what we have used to.

[@prashant]

Fiat is stable so it is entirely different from crypto, crypto was used as virtual investment asset and now it is more popular as regular currency as there are more adoption to it and e-voucher are there which ease the use of crypto. I think both is used in respective situation as fiat is general and crypto is famous amongst holder , i also use crypto for voucher rather than buying stuff with fiat.

[robelneo]

I have recently been quite curious about the many debates about which currency is better.
  Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?
Which side do you think is right? I want to hear from you sincerely.

I prefer to have both when there is a possibility to have both, there is an option not to use any because I am comfortable using both, there are instances that fiat is a must use and I invested in Cryptocurrency because this is a technology that will soon be integrated into every company and countries, and of course there is a profit to be made here.

[supercanada1]

for me both are good, because if we get fiat, then we can easily spend it immediately, but if we get crypto then we can exchange it for fiat and easily spend it. but for now it's easier to shop if you have fiat

But you are only thinking on the short term implications of using fiat or cryptocurrencies, a coin like bitcoin has grown almost exponentially since it was created while the value of the fiat in your pocket does nothing but to go down, so when you see things from a long term perspective it is easy to see who is the best.

Besides the fact that cryptocurrencies cannot be easily be spent plays to our advantage since that means that you have to hold your coins since you cannot easily spend them and this means you have a better chance to capture positive movements in the market and make money thanks to it.

That is the main reason why fiat is still the king in the monetary system because bitcoin and other cryptocurrencies are not widely accepted so it is a hindrance for people to choose cryptocurrencies over fiat. In my honest opinion, there is nothing wrong to choose fiat over cryptocurrencies because you can still do a lot of things with fiat like use it as a capital on different investments.

But it depends entirely on the reasons of why you are choosing fiat over bitcoin, if what you want is to spend your money in something that you want then I will agree with you, fiat is by far the best choice for a person that wants something like that.

But if we are talking about which one is the best investment then this is a no contest, bitcoin is by far the best option, just look at what a dollar could buy you ten years ago and look at what you could buy today if you had used that dollar to buy whatever bitcoin you could, so make no mistake everything is a tool to get what you want and you need to make sure to make use of the correct one if you want to achieve your goals.

Very well said but in my own opinion I think bitcoin cannot fully replace the fiat all though it will serve a huge help for the government to enhance their economical status because fiat is the pioneer mode of payment and we are using it from the late 1900 until now and it is very difficult to change from what we have used to.

Cryptocurrencies would take over the world soon but as far as fiat is being considered, it is not possible to eradicate it completely. Cryptocurrencies are being used at a much greater scale due to its anonymity but this kind of questionable resource is not yet applicable in the banking system .I think that both forms of money have their own significance and are not to be compared to find out better option.

[olumyd]

I have recently been quite curious about the many debates about which currency is better.
  Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?
Which side do you think is right? I want to hear from you sincerely.

Not sure if this question has been adequately answered. But here's my 2 cents:

I remember when I first heard about BTC and I thought it would be the next revolution of money - the kind of thing to replace fiat. But more than 10 years of its invention, it is yet to do without the fiat system. Now I do not imply that Bitcoin isn't a big deal, but I've come to the understanding that the one cannot do without the other (at least for those who have embraced the concept of decentralized money).

In short, it's not on whose side you're on that matters but what side on when you decide for relative utility (which is either as an investment vehicle or a currency). Imho, crypto in general still falls short of being the latter, so I'll use Bitcoin for now as an investment vehicle and stick to fiat for real-world stuff.

[k@suy]

Well, there's no specific answer to that wrong. Your question has to be answered subjectively, so it would depend on which side they feel more comfortable on the person. Our reaction is rather biassed as an enthusiast of cryptography. Of course, we'd prefer crypto over fiat, but there are some things that crypto can't work while fiats can, well, and also fiats. On their fields, they are both constrained.

For me even I am currently working here at crypto world, I prefer to use fiat in my daily financial needs and my virtual coins here serves as my online bank and ATM because whenever I need money I trade my coins into fiat because here in my country cryptocurrency cannot be use as a mode of payment here thats why I have to convert my coins first into fiat before I can use it to buy or to pay bills and also as what you have said fiats has a lot of advantages that the crypto cannot be done.

[iamsheikhadil]

I think it's quite naive to make them compete one against another because both have their flaws and cons as well. Fiat is so much adopted that we really can't just replace it given that many people are still uneducated on the uses and applications of crypto, lack gadgets and tools to store or buy crypto and much of world lies under poverty line.