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Author Topic: Fiat Vs Cryptocurrency, which would you choose?  (Read 3841 times)
ardentvolcanoes
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December 13, 2019, 10:05:41 AM
 #121

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.
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December 13, 2019, 10:54:04 AM
 #122

Both my cryptocurrency life i always choice crypto for making some profits everyday but fiat more important for everyone. Actually cryptocurrency have many bad side effect but fiat less even when new people coming in the crypto world then their accept cryptocurrency always and after take moment they choice fiat. In my opinion two are both good important for everyone crypto lovers.
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December 13, 2019, 11:10:12 AM
 #123

Both are needed, fiat currency that represents the economic growth of a country as an official medium of exchange, as long as a country could manage their economic, then it's good for citizens to have a stable currency. On the other hand, cryptocurrency such as bitcoin and altcoins aren't really stable and nothing backed behind it which slowly growing and worth due to proof of works that needed so much resource, in short; mining cost. So, we don't need to pick one and abandon another, just use both it.
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December 13, 2019, 11:21:22 AM
 #124

I think that we are still not in position to choose between fiat or cryptocurrencies. Because of the way that world and our economies are functioning we are still forced to use fiat currencies no matter if we like it or not.
Also, cryptocurrencies are too volatile to rely only on them so on this level of development use of fiat currencies is still necessary and I don't think this will not change any time soon.

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December 13, 2019, 03:07:43 PM
 #125

 It's hard to love one thing when both crypto and fiat have their advantages. But the idea of ​​a co-author of Bitcoin, who said that stablecoins have a great future, is close to me. Now if you look at Europe, then their version of the digital euro issued from the central bank will combine both pluses - a single currency for different countries, and technically digital. Although the only thing I don’t understand is it possible to profit from stable coins? Isn't their goal to be a means of quick exchange?
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December 13, 2019, 03:22:41 PM
 #126

I'm here in crypto to make money,
That's why I choose fiat money.
Because of fiat money everything I can buy unlike crypto only select stores accept it. And even though I invest a lot of crypto, especially bitcoin, eventually I still exchange it for fiat money.
Thus adoption is needed, acceptance and awareness.
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December 13, 2019, 03:26:28 PM
 #127

There are cryptocurrencies that are now almost never serviced. They were created during the rapid growth of the crypto community in 2017, and now their technologies are outdated. They should be replaced with high-demand coins, for example, stable coins. And if we talk about fiat, then many countries will also not lose anything if they switch to cryptocurrencies. After all, Venezuela, Seychelles, has already done this. I see no problem replacing one means of payment and popularizing cryptocurrencies. I would be happy to use only non-cash payment methods
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December 13, 2019, 03:38:41 PM
 #128

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

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Oilacris
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December 13, 2019, 05:53:57 PM
 #129

For me both is too important to our lives now because fiat and crypto are very useful to us right now. Lile what you said when paying a payment online it should be crypto or fiat in making payment. I believe rhis two was created to help us and become useful. Cryprocurrency is not popular to all people but diat is already popular because people use it everyday in daily lives.
Fiat is widely known yet we've been using it since from our lifespan of each person.We know that its the main thing being used when it comes to making transactions or purchasing everything.

Crypto is an another alternative which would give out ease on other transactions in a decentralized and anonymous way which is fully contrary to fiat which means we do have an option on which
one we would use up.

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December 13, 2019, 05:57:58 PM
 #130

For me both is too important to our lives now because fiat and crypto are very useful to us right now. Lile what you said when paying a payment online it should be crypto or fiat in making payment. I believe rhis two was created to help us and become useful. Cryprocurrency is not popular to all people but diat is already popular because people use it everyday in daily lives.

both is important but if you will only have to choose one , what you will choose ?  that should be the op is asking   . on the times that there are no crypto there are already fiats available to use and i can say that fiats are the ones that is important the most because you can live with fiats alone but i think you cant survive if you only have is a crypto   .  still its up to you if you will choose both of them   .  if you think that you can live more better with both of them then go on  
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December 13, 2019, 07:40:36 PM
 #131

I'm here in crypto to make money,
That's why I choose fiat money.
Because of fiat money everything I can buy unlike crypto only select stores accept it. And even though I invest a lot of crypto, especially bitcoin, eventually I still exchange it for fiat money.
Thus adoption is needed, acceptance and awareness.
I think you are not looking at the long term goals here but the short term.
I respect your choice but to say that spending cryptocurrency is limited is because you haven't find the right platform where you can spend your cryptocurrency on. In a matter of time, there will be online outlets to spend cryptos from.

Moreover, check out this website, https://spending-bitcoin.com/ they provide a directory of sites to spend Bitcoin and other cryptos from.

And here is their thread in this forum: https://bitcointalk.org/index.php?topic=5198903.0
Boov
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December 13, 2019, 08:43:59 PM
 #132

It's hard to love one thing when both crypto and fiat have their advantages. But the idea of ​​a co-author of Bitcoin, who said that stablecoins have a great future, is close to me. Now if you look at Europe, then their version of the digital euro issued from the central bank will combine both pluses - a single currency for different countries, and technically digital. Although the only thing I don’t understand is it possible to profit from stable coins? Isn't their goal to be a means of quick exchange?
I really cant choose between them, fiat is the one I use in everything because it is more convinient to use and also it is the currency here in my country, cryptocurrency is for investment, though I can use that in some things but many things I can use in terms of payment, I think I will choose fiat now, but it all depends on the situations.
Karmakid
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December 13, 2019, 09:45:36 PM
 #133

It's hard to love one thing when both crypto and fiat have their advantages. But the idea of ​​a co-author of Bitcoin, who said that stablecoins have a great future, is close to me. Now if you look at Europe, then their version of the digital euro issued from the central bank will combine both pluses - a single currency for different countries, and technically digital. Although the only thing I don’t understand is it possible to profit from stable coins? Isn't their goal to be a means of quick exchange?
I really cant choose between them, fiat is the one I use in everything because it is more convinient to use and also it is the currency here in my country, cryptocurrency is for investment, though I can use that in some things but many things I can use in terms of payment, I think I will choose fiat now, but it all depends on the situations.
Within these days, it is still in favor for fiat currencies. Fiat currencies are still the main type of currency that we will be using to do most of our transactions whether it is offline or online. Cryptocurrencies are still not in the mainstream and it is more like an asset or a tool to create more fiat currencies for us to be used.
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December 13, 2019, 10:23:21 PM
 #134

I really like crypto, but at this point is someone where to give me a million dollars, it would just be more convenient to get cash.

We're still in the early stages.
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December 13, 2019, 11:46:46 PM
 #135

I really like crypto, but at this point is someone where to give me a million dollars, it would just be more convenient to get cash.

We're still in the early stages.
Yes. Crypto has still a big room to grow so it will still developed more in the next years to come. If i were to chose, i prefer them both. I need them both because i need fiat at the moment and crypto for my future investments and make profits intended for my retirement days.

 
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December 13, 2019, 11:58:00 PM
 #136

I really like crypto, but at this point is someone where to give me a million dollars, it would just be more convenient to get cash.

We're still in the early stages.
And then your funds will get confiscated by the government. They will ask for explanation. You will be facing lots of trouble when trying to bank your cash or transfer them anywhere. You will see that you will be paying the government more than what you will be spending. If I were you, I would prefer taking bitcoin or any other crypto currency, rather than accepting fiat currency. Just take it and leave for a country that is more crypto friendly!

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December 14, 2019, 04:33:17 AM
 #137

I don't think we can choose between fiat and cryptocurrency at the moment because to be honest, I need both. in fact I prefer cryptocurrency over fiat money because cryptocurrency is decentralized and doesn't experience inflation. and also very good as an investment tool. but unfortunately when not all stores can accept crypto as a means of payment and also most governments do not support cryptocurrency for payment tools. so as to fulfill my daily needs I still use fiat money.

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December 14, 2019, 09:05:55 AM
 #138

both are true. and both have almost the same function. It is just. crypto has no central control. and fiat has central control. crypto has equality in all countries. but it must run on the internet. while fiat can be used offline. so which is better? both are good. about security. crypto is superior. about usability, fiat more broadly.
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December 14, 2019, 12:48:46 PM
 #139

I really like crypto, but at this point is someone where to give me a million dollars, it would just be more convenient to get cash.

We're still in the early stages.
Why is cash more convenient? I think if you get $ 1 million from someone, you need to explain the money to the bank and state in your country. A lot of trouble comes after that and you need to pay taxes on that money. But if you get $ 1 million in BTC, no one will investigate you and you won't have any trouble

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December 14, 2019, 12:58:27 PM
 #140

Crypto is far away from fiat in terms of usage on daily basis. We are still in early days of crypto adoption and its going very fine. But still crypto has long way to go. Crypto is still seen widely as an asset of investment. I am keeping crypto for long term investment but fiat is my first choice for daily living.


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