Cryptocurrency vs. Fiat currency.

[princesspoppy]

Fiat is still my choice to use for daily transactions and for daily needs. Not all people here in my country knows about bitcoin and use it for everyday transaction that is why, even if we have bitcoins in our mobile wallets and when the time comes where we need to use these bitcoins, some people still convert it to fiat currency in order to use it for transactions. The only transactions available and accepts bitcoin here in my country are buying load credits, paying bills, used for online shopping to some selected stores, and not for daily use.

[YOSHIE]

Cryptocurrency vs. Fiat currency, which of the two do you think better?

If that's what is asked, both are better, in this case there are only differences.

Cryptocurrency: it can be said of a technology, a technology that basically uses cryptography, the strength of crypto, and its exchange value is always associated with buying and selling by the owner.

Fiat money: exchange rates are based on regulations called state law. Fiat money is based on goods.

In this case it can be concluded that, both crypto and fiat money are interrelated with each other, cryptocurrency in exchange value will be fiat money to spend, so in this case fiat money is better because crypto is measured based on fiat money in every country in general.

[retnoanjani]

If that's what is asked, both are better, in this case there are only differences.
Cryptocurrency: it can be said of a technology, a technology that basically uses cryptography, the strength of crypto, and its exchange value is always associated with buying and selling by the owner.
Fiat money: exchange rates are based on regulations called state law. Fiat money is based on goods.
In this case it can be concluded that, both crypto and fiat money are interrelated with each other, cryptocurrency in exchange value will be fiat money to spend, so in this case fiat money is better because crypto is measured based on fiat money in every country in general.

I agree. Fiat and cryptocurrency are interconnected, if both are utilized by taking the positive side of each one, it will provide greater benefits than choosing just one of them. Cryptocurrency is better because of its technology, but there is a less effective side in terms of the effectiveness of instant payments and regulations in each country. For me, cryptocurrency offers many opportunities to be able to get extra income, from trading, bounty, minning, staking, etc. And the execution to be used actually is exchanged in advance with fiat.

[milewilda]

Cryptocurrency vs. Fiat currency, which of the two do you think better? There so many differences between those two kinds of currency, but what currency do you prefer more, what currency suits your wants and needs,

First things first, let us define the two currencies. Cryptocurrency is all the money we have online, it is decentralized and global, it can be bitcoin, etheruem, litecoin, XRP, and many others. which is a currency that is volatile, which means it changes its price day by day, there is no static price to all of it, so it is outstanding in investing and trading in cryptocurrency and patience is what you only need here. While Fiat currencies are those physical currencies that you can touch and use to buy in real life, such as Pesos, dollars, etc. those are what we called the central government, which has a fixed price at all.

Crypto - Decentralized and anonymity
Fiat- Heavily Centralized

Talking about differences? Not comparable yet we know in the end of the day, people would still end up on using fiat and
come to think on where crypto do get their value? Fiat right?

[Asuspawer09]

Cryptocurrency vs. Fiat currency, which of the two do you think better? There so many differences between those two kinds of currency, but what currency do you prefer more, what currency suits your wants and needs,

First things first, let us define the two currencies. Cryptocurrency is all the money we have online, it is decentralized and global, it can be bitcoin, etheruem, litecoin, XRP, and many others. which is a currency that is volatile, which means it changes its price day by day, there is no static price to all of it, so it is outstanding in investing and trading in cryptocurrency and patience is what you only need here. While Fiat currencies are those physical currencies that you can touch and use to buy in real life, such as Pesos, dollars, etc. those are what we called the central government, which has a fixed price at all.

Just like what you said we all like cryptocurrency since it could give us a profit when you are investing in it but you still cannot use it most of the time since it is not yet accepted or trusted by a lot of people or even by the government. It is already a thing to use fiat money because there is circulation on your central bank and we still need to when we are buying things in our country, not all people or stores is going to accept bitcoin so if you wanted to use your bitcoin the first thing you need to do is to convert your bitcoin to fiat money.

Still, bitcoin and fiat money have their advantage and disadvantage but in conclusion, both of the currency is still important to us and has its own use.

[Yamifoud]

Cryptocurrency vs. Fiat currency, which of the two do you think better? There so many differences between those two kinds of currency, but what currency do you prefer more, what currency suits your wants and needs,

Although crypto has positive outlooks and profitability, in a certain thing that can't be denied that it is isn't yet fully develop and accepted by many establishments making people keep fiat rather than fully adopting crypto. Even me and in my country, we don't have that strong support and pushing merchants and establishment owners to accept this kind of currency. That is why I used to convert my Bitcoin (and some crypto) into fiat money in order for me to use it to buy stuff and bill payments. And I know, most of us here do the same.

[Eugenar]

If it is for daily use of course we would prefer Fiat over crypto,
But for holding or saving up I would prefer crypto over Fiat to take advantage of the high volatility and to gain more.
Even if crypto could be used for payment in any transaction people would prefer to use Fiat currency over crypto because of it's chance to increase it's price due to demand.
Most of us are eager to see it being accepted but doesn't want to use it even if they could because it is an investment tool for most of us.

Other people who are really into cryptocurrency also use it for their daily use. And yes, most of them uses crypto for saving and holding. There are countries that uses cryptocurrency to buy goods and services. Since, there are also country that don't use crypto as a payment, they are oblige to convert their crypto to fiat money. Both crypto and fiat have their own strengths and weaknesses.

Well said, there are still some countries that do not accept the bitcoin on their land because for some reasons, so for those countries that do not accept bitcoin they will oblige to use fiat currency in their daily life, so when they have cryptocurrency or money online they should convert it first to fiat before they use it on purchasing their needs and wants. Well, actually choosing between cryptocurrency and fiat currency will depend on their country and of course to themselves as well, and as we all know fiat currency is most used as of now because it is convenient, in a way that we can use it anywhere and anytime we want. All stores in real life only accepts the fiat currency and not cryptocurrency.

[ufaiz50]

If we talk in the area of daily necessities besides investment then I choose FIAT, Fiat also has a credit / debit card for easier use. Even if we talk about investment, just as the OP said that Cryptocurrency will be superior in various fields and interested in most people.

I personally prefer according to my needs because of the two currencies have advantages in a variety of different fields.

[JoMarrah Iarim Dan]

Cryptocurrency vs. Fiat currency, which of the two do you think better? There so many differences between those two kinds of currency, but what currency do you prefer more, what currency suits your wants and needs,

First things first, let us define the two currencies. Cryptocurrency is all the money we have online, it is decentralized and global, it can be bitcoin, etheruem, litecoin, XRP, and many others. which is a currency that is volatile, which means it changes its price day by day, there is no static price to all of it, so it is outstanding in investing and trading in cryptocurrency and patience is what you only need here. While Fiat currencies are those physical currencies that you can touch and use to buy in real life, such as Pesos, dollars, etc. those are what we called the central government, which has a fixed price at all.

Even though we chose cryptocurrency, fiat will still wins because it is the one recognized and accepted by everybody. Even though that's the case, we can still use cryptocurrency in order to earn and have investments. On the other side, crypto can be fiat and fiat can be crypto so we still have what we want. You know what, we are lucky enough to knew about this two. Let us just not compare it since it has its own advantage over the other. Let us just used it on its best.

[Eugenar]

Fiat for daily use.

While bitcoin or cryptocurrency for investment.

It's the embraced use of cryptocurrency today but we have to spend it in the most possible way to enjoy it. I have used it to shop for many times but our society is not yet ready to go all-in with crypto.

I am sure in the future there will be many stores that provide payment via crypto so that it will be easier for us to shop there.
Indeed, Fiat is used for a day in my area to do important things because if it is with crypto money, some people will not know it so the application is still not done.
Cryptocurrency is used by many people today for long-term investments and also trading in the short term on the stock exchange to reap huge profits.

I am still hoping that way mate. It will be an easy transaction if our country will provide separate transactions in every store. What I mean is there are still some transactions through the use of fiat. There is also transaction through the use of cryptocurrency, both currency in a single store, because even we all want cryptocurrency to have in store, it cannot still replace the fiat currency because not all people have it, not all people known by cryptocurrency especially those late boomers. The thing is we can have our cryptocurrency in our land, but it cannot replace the fiat currency because the government won't let it happen, and there will be a big adjustment if this thing will happen.

[Eugenar]

Cryptocurrency vs. Fiat currency, which of the two do you think better? There so many differences between those two kinds of currency, but what currency do you prefer more, what currency suits your wants and needs,

Although crypto has positive outlooks and profitability, in a certain thing that can't be denied that it is isn't yet fully develop and accepted by many establishments making people keep fiat rather than fully adopting crypto. Even me and in my country, we don't have that strong support and pushing merchants and establishment owners to accept this kind of currency. That is why I used to convert my Bitcoin (and some crypto) into fiat money in order for me to use it to buy stuff and bill payments. And I know, most of us here do the same.

Indeed, I also have that thought in my mind, it will be so hard for our country to adopt cryptocurrency because not all of us are really used in technology, so there are still a lot of countries that do not accept cryptocurrency as a way of payment on purchasing something. I think even if bitcoin becomes prominent in the future, I don't think that it can replace our fiat currency.

So the bitcoin or other cryptocurrency is only our alternative money, it is from online where we can exchange through our fiat currency which is really good because it has so significant amount compared to the fiat currency and is really good in investing because for sure if you have an excellent skills on it, you will earn a lot of money.

[Tylev]

It is not necessary to contrast cryptocurrency and the usual currency of states too much. Please note that fiat will not disappear anywhere. Now there is a decrease in the value of paper money and their partial displacement by their non-cash forms. However, the money of states will always exist and cryptocurrency is better not to conflict with them, otherwise it will lose this confrontation. We need to use those types of means of payment that will be convenient in each specific situation. In some cases, it is better to use fiat, and in others - the usual currency.

[bearexin]

I see cryptocurrency more as an asset and not even a currency and I have never used it as a currency, for example – buying things online. I prefer to make use of cryptocurrency as a savings or investment and I invest a little part of my money in it, the rest stays in my bank account. Another thing you forgot to say is that fiat can also be used online – platforms like PayPal, online banking, Google pay, mobile banking, etc., are all under the fiat system.

So, fiat can as well be used as an online payment. Even your debit card can even be used as a means to make payment on online shopping sites.

[Petreff]

Fiat for daily use.

While bitcoin or cryptocurrency for investment.

It's the embraced use of cryptocurrency today but we have to spend it in the most possible way to enjoy it. I have used it to shop for many times but our society is not yet ready to go all-in with crypto.

I don't see Bitcoin as an embraced currency but yet to be embraced, so many people around the globe are still yet to come to terms with the believe that's a means of exchange, it will take sometime before it becomes a general means of transaction

[kayvie]

Though cyptocurrency is still under the progress of development, it is still better than fiat. In terms of how convenient its usage, and how good it is to use as an investment. It also gives faster transaction anytime and everywhere around the world as long as we are connected through the internet.

[White Christmas]

Cryptocurrency vs. Fiat currency, which of the two do you think better? There so many differences between those two kinds of currency, but what currency do you prefer more, what currency suits your wants and needs,

First things first, let us define the two currencies. Cryptocurrency is all the money we have online, it is decentralized and global, it can be bitcoin, etheruem, litecoin, XRP, and many others. which is a currency that is volatile, which means it changes its price day by day, there is no static price to all of it, so it is outstanding in investing and trading in cryptocurrency and patience is what you only need here. While Fiat currencies are those physical currencies that you can touch and use to buy in real life, such as Pesos, dollars, etc. those are what we called the central government, which has a fixed price at all.

Cryptocurrency like bitcoin, xrp, and ethereum are the ones who are decentralized in which doesn't have an stable value in which it may fluctuate in anytime.
In my opinion there are some people who must prefer to use cryptocurrencies and just trading it or exchanging it into fiat currency in order for them to use it on their daily lives and also some people must prefer the fiat currency who has a stable value and just an exact value on what you are spending.

[Mulann2]

It depends on your needs. I cannot tell you which one is the best. There are somethings like products and services that I buy conveniently with cryptocurrencies which might be difficult and involve many steps if I want to access the same services with fiat currencies. Also, there are things that I can get easily with fiat which I cannot also use crypto for. So it all depends on what you need it for. A few days ago, I did a wire transfer from Africa to Europe using crypto and the charges were lesser than using fiat through bank.

i share your view on this aspect but for now fiat still has a wider scope of accessing and doing transaction more than crypto, so i don't think it is appropriate for now to do any comparison between the 2, no doubt it is very easy to buy with crypto than fiat in some cases especially when you have a seller that is accepting crytpo, this is one of major limitations crypto is facing for now, the issue of acceptance, once many sellers start accepting crypto things will be a lot easier.

[SacriFries11]

If we talk in the area of daily necessities besides investment then I choose FIAT, Fiat also has a credit / debit card for easier use. Even if we talk about investment, just as the OP said that Cryptocurrency will be superior in various fields and interested in most people.

I personally prefer according to my needs because of the two currencies have advantages in a variety of different fields.

I agree. Fiat is still the best option to use for daily basis. A lot of people didn't even know about cryptocurrency. Fiat is not volatile unlike cryptocurrency. It's still easier to use and without the use of internet we can transfer our money, pay bills and buy easier. Cryptocurrency is not widely use by many people they still prefer cashless payment card or fiat currency. Crypto takes advantages when it comes to the worldwide and fast transaction.

[Yatsan]

Both are important and have a different use for me. Cryyptocurrency and Fiat shouldn't be compared to each other on which is better considering that, the one is for online and the one is for real-life transactions. Both are helping us to make our life easier so we should appreciate and use these two to maximize their purpose.

Here are example on how I use cryptocurrency and Fiat:

Cryptocurrency:

• I use bitcoin for online transaction, or XRP for instant
• For investment
• For trading
• I am using it as a mode of payment through online stores

Fiat:

• For micro-transactions
• Investing also
• Real-lfe transactions
• For daily use

[boyptc]

Fiat for daily use.

While bitcoin or cryptocurrency for investment.

It's the embraced use of cryptocurrency today but we have to spend it in the most possible way to enjoy it. I have used it to shop for many times but our society is not yet ready to go all-in with crypto.

I am sure in the future there will be many stores that provide payment via crypto so that it will be easier for us to shop there.
Indeed, Fiat is used for a day in my area to do important things because if it is with crypto money, some people will not know it so the application is still not done.
Cryptocurrency is used by many people today for long-term investments and also trading in the short term on the stock exchange to reap huge profits.

We will be there but it's just a matter of time.

And we will see everyone who will upgrade their daily living because they held bitcoin in the past. That's the reason why we all like it and believes in it.