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Author Topic: Fiat Vs Cryptocurrency, which would you choose?  (Read 3855 times)
ice18
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December 07, 2019, 12:02:57 PM
 #41

If the time comes that I will be able to use crypto anywhere like buying goods on the street, riding on public vehicles paying crypto like how we can use fiat right now, definitely I will choose cryptocurrency, fiat will be a total obsolete in the near future we need more secure and transparent form of money and I can see it on digital coins because of its blockchain technology that never lies , there are so many advantages if we use crypto instead of fiat.

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December 07, 2019, 02:17:22 PM
 #42

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.
Since you claim that you are a big time trader how much you have made till now and i guess you are in this market for a long time, i am not an expert trader and option trading does not suite me as it is too volatile for me to predict. If i am choosing an option i would choose fiat any day as i can use in my daily activities and if i want to purchase crypto i can always invest my fiat to crypto Tongue.

fiat will be a total obsolete in the near future we need more secure and transparent form of money and I can see it on digital coins because of its blockchain technology that never lies , there are so many advantages if we use crypto instead of fiat.
What world you are living in to feel that fiat will be a total obsolete, yeah may be in third world countries where corrupt government are ruling over you but not in developed countries Tongue.
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December 07, 2019, 02:27:49 PM
 #43

If the time comes that I will be able to use crypto anywhere like buying goods on the street, riding on public vehicles paying crypto like how we can use fiat right now, definitely I will choose cryptocurrency, fiat will be a total obsolete in the near future we need more secure and transparent form of money and I can see it on digital coins because of its blockchain technology that never lies , there are so many advantages if we use crypto instead of fiat.

Papers should disappear and virtual money is the future.
Now comparing an easily manipulated FIAT vs bitcoin or other cryptocurrencies, i prefer to use the last!

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December 07, 2019, 02:28:25 PM
 #44

If the time comes that I will be able to use crypto anywhere like buying goods on the street, riding on public vehicles paying crypto like how we can use fiat right now, definitely I will choose cryptocurrency, fiat will be a total obsolete in the near future we need more secure and transparent form of money and I can see it on digital coins because of its blockchain technology that never lies , there are so many advantages if we use crypto instead of fiat.
As much as possible I tried to accumulate more bitcoin's than to spend so in the near future when adoption and expansion happens I will have a lot of BTC stored that will not cost me too much as the price might be too expensive to buy. We all know that soon many will use blockchain. It may not totally in BTC form might be as a government tokenized type but soon it can be associated in it.

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December 07, 2019, 02:57:27 PM
 #45

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 don't think cryptos and fiat should be a topic in a debate cause they have different advantages and disadvantages. Why do you have to choose from these two currencies if you can use both? I would like to use both. Fiat for daily transactions especially in my country (Philippines) where small stores do not accept and use cryptos. Cryptos, on the other hand, are good storage of value and a good currency that can be used in all countries. Also transactions are easily done, hustlefree and it is very convinient.
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December 07, 2019, 03:00:44 PM
 #46

We are at bitcointalk, of course most people would prefer crypto over fiat but right now we don't, we invest into crypto for now because we believe that crypto is better but there is really not that many places that we can use crypto plus it is not always easy to transfer crypto from one address to another that easily, there is of course sending payment methods but it takes time and it actually costs a lot compared to fiat for some reason.

Think about it, when you purchase something with cash banknotes you don't spend anything extra, when you spend debit card you don't spend anything extra, it is only when you wire money and spend credit cards that you give a bit extra. Bitcoin is a viable option if you are sending money to whole another nation and that's it.

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December 07, 2019, 03:30:01 PM
 #47

I will personally choose both, because each currency has its own advantages.
Where I live cryptocurrencies is not considered a currency, people would violate the law if they used cryptocurrency to pay for an item. Besides, most of the shops around me only accept fiat currency, so fiat currency is very important in my life.
Cryptocurrencies are a place where I invest to make profits, I love cryptocurrencies and I believe that in the future, cryptocurrencies will become popular. Now that I am trying to hoard as much Bitcoin as possible, I believe that by 2020 bitcoin will have a significant price increase.


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December 07, 2019, 03:40:48 PM
 #48

Depends on BTC rate if you get my idea  Smiley
Currently, probably fiat, before NY

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December 07, 2019, 03:44:47 PM
 #49

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.
Most people Huh I guess that's because you asked your question on Bitcointalk and this is a crypto community, so why won't a lot of people choose crypto? If you should take your survey to the outside world you're probably going to get a lot of Yes for fiat, and 99% No on crypto lol.

Both of them are good, I like making use of fiat and crypto as well. They both have their advantages and disadvantages, and I don't think will be able to take the place of fiat, some people just don't know what they are saying. The good thing with cryptocurrency is that we can send money quickly and at a cheaper rate to any location in the world, but there are a lot of other options we can still use apart from crypto.
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December 07, 2019, 04:09:09 PM
 #50

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.

Crypto was the future and we know it is now future as well same thing even 5-8 years back was the case and see today where the btc and other coins have reached. This has come a long way and those who had believed in it have really made a good amount of money for themselves.


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December 07, 2019, 04:37:56 PM
 #51

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.
because crypto has a fluctuation price. so when you save crypto in the wallet and the cryptocurrency increase high price, you can get more money in your wallet. it different while you save your fiat money in wallet apps online or credits card because fiat money can't moving up price... although it also has risk, as a user of both that crypto and fiat money, i prefer to cryptocurrency

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December 07, 2019, 04:42:57 PM
 #52

FIAT and cryptocurrencies have the same economic value, but if selected I would prefer FIAT money.
Reason: FIAT money is easier to exchange and accepts even the smallest denominations. They are very convenient, you will not have to pay any cost if paying daily.
Cryptocurrencies will be more restrictive for exchanges and payments, and we will have to pay a certain fee to send them.
Also fiat money changes less in value than cryptocurrencies. Cryptocurrencies may drop dramatically. If in a short period of time, the two types of assets have equal value but in the long run will be different if you own the same amount of money.
If you transfer a large amount of money, then cryptocurrencies will be more efficient with better fees and safer than fiat money.
It is clear that fiat money has many advantages, but in terms of technology and security value, cryptocurrencies seem to be better.
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December 07, 2019, 05:26:18 PM
 #53

Not because it is safe to say, but because I prefer both currency. Fiat is important and crypto is also becoming essential as time goes by. We've been using fiat ever since while crypto is the innovation. Can't we just appreciate how this two can function together? Just like now, I'm contented with what I am using. Both fiat and crypto. It's much easier to have two options depending on the cases than only having one.
I won't elaborate why one is important since both are important. They have value. Convenience is what matters. In different scenarios think which among the two is better to use. That's why having two currency is better than choosing between them.

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December 07, 2019, 05:43:32 PM
 #54

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.
If I were to choose between crypto and fiat, I would choose crypto more probably. I would consider the features, advantages and benefits I may get as I use a certain currenct wherein in crypto, we are all aware that it is good for investment and its volatility is very different from fiat's. Although fiat is being used for a long time already, the fact that it is under the manipulation of the government makes it more unlikely to be chosen. Most of them are just abusing their power which makes us look like their slaves.
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December 07, 2019, 06:14:34 PM
 #55

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 think this matter isn't about the convenience of the users. The matter is regarding the structure of the economy. Money is the most important thing on which world works. Cryptocurrencies are based on self balancing technique and market is obliged to automatically correct itself using forces of demand and supply but this is too much of an capitalist approach and people with lots of Cryptocurrencies can easily manipulate it. On the other hand same isn't possible that easily due to government intervention which is why I think fiat will be safer route however instead of cash we might see Cryptocurrencies backed by government themselves but there is still a long way to go to see all this.
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December 07, 2019, 08:18:25 PM
 #56

This actually depends on what am using it for ..
If it would have been something that would require Fiat and the dealer won't be able to accept the cryptocurrencies even if they want to then I would ofcourse prefer the Fiat , but when it comes to investment strategies plus overseas business and transfers then bitcoins all the way .. no doubt .
Fiat is good with stability and security but bitcoins is good for investments and job opportunities.
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December 07, 2019, 09:40:37 PM
 #57

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.
Yes online banking is really a very strong thing.But the Bank works only with Fiat money, while the cryptocurrency performs a diverse role and accordingly gives an advantage to end users.Personally, I currently use both currencies.I don't see any problems.

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Harlot
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December 07, 2019, 09:50:02 PM
 #58

You can't really choose a side if you can have both. In this world or at least towards the crypto friendly countries you have the privilege to hold fiat currencies as well as crypto. If you think that fiat currencies is a better mode of payment in transactions as compared to crypto then use fiat. Today I do admit as of the present that fiat currencies and their online counterparts are more better in terms of payment transactions but in terms of investment crypto stands out on growing your capital compared to fiat so a lot of crypto users here are also traders/hodlers of cryptocurrencies. In my opinion if you have the option of having both in your country then take advantage of it and not just choose only one because you are just missing an opportunity if you left out crypto because of fiat being a better option as a payment.
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December 07, 2019, 10:49:03 PM
 #59

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.
You're talking about the exact opposite.Crypto-currencies are an absolutely new kind of value. It is impossible to say that it is better to have a fiat or crypto because they are in different planes.Worse crypto or better, but the most important thing is that without crypto it is simply not possible to do just as well as without the fiat money.         
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December 07, 2019, 11:48:22 PM
 #60

If I could use crypto for all my purchases I'd do it for the following reasons:
-I would like to show my defiance to the banks and governments and not accept their inflated and manipulated fiat money
-I'd feel better knowing none of my payments can be stopped by the banks or governments
-I'd be able to pay at any time instantly
-I'd be able to stay fairly anonymous

Even if Crypto would cost me more I'd choose it to feel safe and independent.
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