Fiat Vs Cryptocurrency, which would you choose?

[bitzizzix]

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.

So fiat is now is only for formality but people are much interested in crypto because fiat is only currency but with crypto we take advantage of having investment of our future. So if I ever got chance to choose one then my choose will be one and only crypto because it this time it’s important to have some savings and to have something against rainy days.

Fiat is not a formality but a tool to meet our needs so far using functionally available fiat has become the core for our needs.
So far crypto cannot be used in full transactions that can meet our needs due to limitations and will be more suitable for use as assets or good investments in the future, and both must be owned.

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[Latviand]

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.

Well, I think both are great currency. They just have the unique characteristics and their own roles in people and economy I also choose both because I think both of them are important to me. First I use crypto currency, of course, to earn profit by doing posting and investment such as trading or other things, and also I use this to any transactions that offer crypto services for faster, and easier transaction and after that, of course, I need a physical money in my country currency so I will convert it as we all know we cant always use crypto in any transaction we still need fiat currency, and that's the reality.

[Triffin]

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.

Yes we can use both Coin because we have chance to use both at single time there will be no restrictions. I like to invest my money in bitcoin and Eth as both of them are profitable and  it will be good for us. Bitcoin was my first choice but now I have notice that Eth is also good coin so I am now investing my money in bitcoin and Eth equally.

[henrybek3]

I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.

[breathlessz]

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.

You are right in my opinion both gonna exist because all the people are used to the fiat currency which cannot be changed at ease may be government-issued digital currency may replace the current fiat system and those who hate the central bank issued currency gonna support the cryptos which has started to become a universal currency

This debate is not a new one. Crypto VS fiat has always been a hot topic in the world of economy. But I would suggest you to keep a balance between the two. You must prefer crypto when doing online transactions .Moreover fiat is preferable when you are supposed to deal with local transactions .Paper money and its worth could not get eradicated completely.

I think depending on its function, with cryptocurrency our assets will easily increase, although it has a big risk as well, but with fiat we can easily carry out local transactions without any constraints. indeed by saving fiat money according to needs will be better

[kapalmabur]

I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.

for now fiat and crypto currencies are still interconnected, and inseparable,
crypto currencies will not be useful if fiat doesn't support, but maybe the future of fiat will disappear

[Wexlike]

I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.

for now fiat and crypto currencies are still interconnected, and inseparable,
crypto currencies will not be useful if fiat doesn't support, but maybe the future of fiat will disappear

It depends what you re trying to accomplish. Fiat still has its very good use cases in peer2peer transfer(meaning hands to hands). But overall I'm a much bigger fan of crypto, although the technology is definitely not yet ready for global mass adoption, unless lightning really kicks in the same way as segwit did.

[gweedo]

I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.

for now fiat and crypto currencies are still interconnected, and inseparable,
crypto currencies will not be useful if fiat doesn't support, but maybe the future of fiat will disappear

What is the reason that Fiat may disappear in the future? To me, there's no reason for Fiat to disappear because it's cash and it existed long before cryptocurrency appeared. If Fiat disappears, I think the world economy will collapse. And cryptocurrency will never replace Fiat, it's not easy to change the habit of using Fiat in people's daily lives.

[Pinkris128]

I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.

for now fiat and crypto currencies are still interconnected, and inseparable,
crypto currencies will not be useful if fiat doesn't support, but maybe the future of fiat will disappear

What is the reason that Fiat may disappear in the future? To me, there's no reason for Fiat to disappear because it's cash and it existed long before cryptocurrency appeared. If Fiat disappears, I think the world economy will collapse. And cryptocurrency will never replace Fiat, it's not easy to change the habit of using Fiat in people's daily lives.

It is really impossible for fiat currency to disappear because it is supported by the government and it is was existed a long time ago before cryptocurrency was invented, that is why there is a low chance for fiat to be replaced by crypto. But there is a chance for crypto to be accepted by every countries all over the world because it already proves that it is secured and convenient to make fast transactions.

[fearcoka]

I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.

for now fiat and crypto currencies are still interconnected, and inseparable,
crypto currencies will not be useful if fiat doesn't support, but maybe the future of fiat will disappear

What is the reason that Fiat may disappear in the future? To me, there's no reason for Fiat to disappear because it's cash and it existed long before cryptocurrency appeared. If Fiat disappears, I think the world economy will collapse. And cryptocurrency will never replace Fiat, it's not easy to change the habit of using Fiat in people's daily lives.

Imho, FIAT may not disappear, but it will change the method used in the future. Instead of using paper money, many countries have adopted digital applications or VISA, Mastercard, to replace the shortcomings of paper money. I firmly believe that in the next 20 years, people will hardly have to use paper money to pay and trade except in exceptional cases, everything is possible through a government-run Blockchain system or digital currency system. China is one of the first countries doing that now.

[onrise]

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.

Well both as such cannot be compared because of various reasons but if I have to choose one considering the future would be going with crypto beacuse it is going to chance the lot of dynamics in coming time and way things are going digital it is going to make lots of impact .

[ohyeahhaha122]

if any currency I would use 100% on my life would choose to fiat because they are popular right now, bitcoin for me is just an investment, but in the future if cryptocurrencies have been popular I will choose them because they are very convenient for trading

[Wintersoldier]

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.

This is very broad in a sense that, people have different perspective with regard to the benefits they could get from cryptocurrency compared to the online payments and apps provided by the fiat's banks. But if it would be subjective, my response is because cryptocurrency opens up a new emerging way of financial living, it has capabilities that fiats could not deliver and cryptocurrency will be the most efficient, fast, and the most secured payment option we could have and might lead to a unified world.

[wxa7115]

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.

The good thing is that we do not need bitcoin to replace fiat, I have always thought that if at some point fiat disappears it is going to be not because bitcoin was able to destroy it, it will happen because people are going to lose the trust they had on the governments to create the currency and they will stop accepting it.

But that does not matter to us, what we need is the opposite we need that people begin to accept cryptocurrencies as a form of payment and while there are many businesses doing it there is not a great concentration of them in most places so we cannot use our bitcoin as we want, but that is only temporary and it is bound to change.

[longyenthanh]

Fiat money and cryptocurrencies are two different versions of the economy. The world is constantly evolving economically and technologically. Thirty years ago, few people imagined being able to pay with a piece of plastic. And now in next thirty years everyone will pay in cryptocurrencies. What someone will choose depends on who prefers stability and peace, and who prefers to develop and go with the development of technology.

[Visbay]

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.

Well both as such cannot be compared because of various reasons but if I have to choose one considering the future would be going with crypto beacuse it is going to chance the lot of dynamics in coming time and way things are going digital it is going to make lots of impact .

Yeah you are right both has value right now and people use both for different reasons but I think as a citizen and as an investor, I think crypto has more value than fiat as people knows crypto is able to use as multi-purpose we can use it as an investment and as currency to buy all kind of needs in our life, that's why future of crypto is brighter than fiat.

[Gheka]

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.

Well both as such cannot be compared because of various reasons but if I have to choose one considering the future would be going with crypto beacuse it is going to chance the lot of dynamics in coming time and way things are going digital it is going to make lots of impact .

Yeah you are right both has value right now and people use both for different reasons but I think as a citizen and as an investor, I think crypto has more value than fiat as people knows crypto is able to use as multi-purpose we can use it as an investment and as currency to buy all kind of needs in our life, that's why future of crypto is brighter than fiat.

With the confidence of an investor and always believe in your own predictions, you will definitely think that crypto is valuable and offers a brighter future when compared to fiat but obviously, we are following our personal feelings too much. Fairness and rational analysis are needed when we talk about fiat and crypto, both support for different purposes, sometimes the weakness of fiat will be the advantage of crypto and vice versa, so there is no single choice here, we always need to use both now and in the future

[kodtycoon]

i think both parties have their own opinions and there is nothing wrong about this case because everyone is free to choose to use the payment instrument they like, after all fiat has indeed become the main currency in each country so it is not surprising when they consider fiat as the currency the most important thing than crypto, while crypto itself still does not have the same regulations in every country

[Bezobraznike]

   I choose crypto-currencies! A year ago I chose to save my extra money from salary in crypto-currencies, mainly in Bitcoin
and Ethereum, but I have from some other alt-coins and tokens too.
   It's a choice, I believe that crypto-currencies are the future. Fiat money, traditional money, as we know it will be obsolete,
even now cash is for museums not for real using, I don't remember when did I use cash last time, for something little probably.

[Gotumoot]

For me it is best to use fiat currency in terms of purchasing especially in small shops. Because crypto currency is only limited by the products we can buy and we cannot afford to live with crypto so eventually we are still converting our crypto currency to fiat money to buy our daily needs.