Cryptocurrency vs. Fiat currency.

[Sanugarid]

We don't need to choose, because this two are both useful to us like crypto currency that can give profit to us by just buying at low price and sell when price start to increase, we can also use this to have past transaction and to store assets with no government fees and other.  And also in fiat currency we can use this to buy our daily needs fiat are many ways to use like buying in store and many more.

Definitely, both of it are useful on their own different way. We all know that cryptocurrency is a digital money that we used to make transaction online. There are lots of use of cryptocurrency because we can lend our money into crypto investment which is really a good decision if you know how to do and you are well informed being involved to it.

After learning about cryptocurrencies I have realized that I need them both equally. My local currency is in inflation for which crypto has allowed me to support my family.

I also think that a global transformation is taking place in the economy caused by Bitcoin and cryptocurrencies. Every day there are more people who join to create solutions with the use of them.

we do need both, especially for countries that reject crypto as a means of payment. however, using both is the best thing. maybe you can use cryptocurrency, but you will find it difficult to use it for real, because until now not many people realize cryptocurrency as a transaction tool, but only as an investment tool. however, I also cannot choose one of them, although I often use cryptocurrency in business matters

Indeed, fiat is still a need to those countries who dont really recognize cryptocurrency as a good digital currency. Every country have their own reason why they are regulating it. I think someday, that countries who dont recognize cryptocurrency will adopt in the future. If we still support the upcoming projects that makes crypto famous and very useful.

[samcrypto]

Fiat money can also works online like cryptocurrency it just that, fiat money is controlled by the government and that makes cryptocurrency better to be used. As of now, we still need both of them and still fiat money accept around the world while crypto is still limited. We have to use both of them, depends on your needs.

[adzino]

Fiat money can also works online like cryptocurrency it just that, fiat money is controlled by the government and that makes cryptocurrency better to be used. As of now, we still need both of them and still fiat money accept around the world while crypto is still limited. We have to use both of them, depends on your needs.

Do you even know what you are saying? How come Fiat money work as a crypto currency? I think you need to learn more about crypto currencies. You knowledge on crypto currency and blockchain seems to be really low. If you use fiat currency, the accountability factor becomes really low, where as if you use crypto currencies, you will be accountable for all your transactions. Fiat transactions made can be altered, which you can't if you are using the blockchain technology. Lets not forget about the easiness of cross-border transactions!

[wozzek23]

They are all good. I don’t make use of cryptocurrency regularly, I just fund my cryptocurrency wallet and leave the money there and nothing else. Most of the times the money stays there until when I decide to sell the cryptocurrencies and withdraw the money to fiat. So, mainly what I use is fiat. You should know that fiat is not only available in physical form but is also available in digital form; there are now lots of ways that you can make use of and spend your fiat without having it physically – there is PayPal and there is Payoneer and other similar payment systems.

Apart from those the banks are also offering mobile banking apps and internet banking which allows customers to do most things without having to go to the bank. Cryptocurrency is good in its own way, they are all good.

[angrybirdy]

I still prefer Fiat currency. Aside from being legal and widely accepted, I feel secure using it more than cryptocurrency. I know the security of using cryptocurrency but what I was pointing out is its irreversible transactions. In fiat money, transactions can be reversed through banks, etc. That way, it gives me assurance that I can secure my money enough than cryptocurrency.

[hahay]

I think fiat is still the best because even fiat is not easily replaced by other currencies such as cryptocurrency, so at least there is something weakness and strength that has between fiat and crypto. Indeed, crypto can be used as a tool for payment or many other transactions, but due to its unstable value and other factors it is a weakness that is difficult for them to accept crypto as a currency, because some of them view crypto as an investment asset and are not like fiat.

[kemoglo]

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.

I think it begs the question, would you accept if your employer offered to change your payments to crypto, for example? I know I would, as long as my social services are being paid as well I don't mind using crypto like this.

Would you?

[dongosquad]

I think fiat is still the best because even fiat is not easily replaced by other currencies such as cryptocurrency, so at least there is something weakness and strength that has between fiat and crypto. Indeed, crypto can be used as a tool for payment or many other transactions, but due to its unstable value and other factors it is a weakness that is difficult for them to accept crypto as a currency, because some of them view crypto as an investment asset and are not like fiat.

I think, cryptocurrency replaces fiat is difficult, there are many factors that must be strengthened first, including human resources, given that the transaction process with cryptocurrency is quite complicated. In addition, if for small scale payments, fiat is certainly very effective, for example to buy coffee, pizza, etc. whereas cryptocurrency is more suitable to be used as a trading and investment asset, because of its volatile price, as you mentioned. Well, this depends on everyone's perspective, but for me fiat and cryptocurrency it will be more effective if it is used, not replacing each other, but complementing each other, right?

[xilosoft2.0]

Do you know that digitalization does not only occur in technology related to electronic products? at this time also spread currency in digital form that can be used like paper currencies that we often use to transact. Like paper currency (fiat money) of rupiah (Rp), dollar ($), euro (€), yen (¥) and won (₩) cryptocurrency (cryptocurrency) also has various types. This will probably be a fun game for max 5 more years and then freedom will only be an idea, just a definition. Cryptocurrency is much better. This helps its users make transactions faster, easier and more efficiently. You can carry out transactions anywhere using a lower fee. Most of us want to see it accepted but don't want to use it even if they can because it is an investment tool for most of us.

[carlisle1]

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.

I think it begs the question, would you accept if your employer offered to change your payments to crypto, for example? I know I would, as long as my social services are being paid as well I don't mind using crypto like this.

Would you?

It also lies the question of “Does their country really accepting bitcoin as payment”? Because even how willing are we to use this crypto but the problem is the adoption and how can we manage to pay our transactions,services and goods using our loved cryptocurrency.

But for me?like what he says i will use fiat for daily base and crypto for holding and that will save me from risking the opportunity to profit more in future.

[butcherme]

Of course fiat for our daily use, and crypto for investment short or long term investment.
We cannot use crypto for our daily uses because not all store accept btc as mode of payment.

[ChronoGN]

I was in Japan last month and I used cashless payments at 7/11 and other convenience stores. It's pretty much like crypto where you show QR code at the register and they scan it.
If stores started accepting crypto for payments like this, I think I would use crypto. No need to worry about getting change or finding the right bills in your wallet. Just pull up your QR code before you walk up to the register and scan.

I'm hoping one day this will be possible.

[Assface16678]

They are all good. I don’t make use of cryptocurrency regularly, I just fund my cryptocurrency wallet and leave the money there and nothing else. Most of the times the money stays there until when I decide to sell the cryptocurrencies and withdraw the money to fiat. So, mainly what I use is fiat. You should know that fiat is not only available in physical form but is also available in digital form; there are now lots of ways that you can make use of and spend your fiat without having it physically – there is PayPal and there is Payoneer and other similar payment systems.

Apart from those the banks are also offering mobile banking apps and internet banking which allows customers to do most things without having to go to the bank. Cryptocurrency is good in its own way, they are all good.

Fiat currency is the money or the physical money that we are using in the world and also it has a stock market there are trading happening on the world market from the different transactions across the globe usually we called this as exchange. Next, we have now the one of the fastest-growing transaction, and this is with the use of cryptocurrency many people today would like to know about it, and this is a currency converted from the fiat into digital because we can earn profit on it like investment, trading/exchange and gambling too those are the thing we can obtain the same with the fiat currency the difference is the exchange and transaction because cryptocurrency is one of the fastest and secured transaction today. Still, if we choose those between currency, I think it is better if you have those currencies because it is related to the stock market that can earn more profit, but it takes a lot of time before it happens and gives us a considerable market profit.

[michellee]

Of course fiat for our daily use, and crypto for investment short or long term investment.
We cannot use crypto for our daily uses because not all store accept btc as mode of payment.

Yeah, we still use fiat in our daily life, and although we have another option to buy with crypto, I think that will only happen with the country that accepted crypto as the payment. We can save the crypto as the investment, and we can be happy if someday, our investment will give us more money so we can send it to our bank account. I imagine that cryptocurrency and fiat currency will work together in all countries so we can choose to make a transaction using crypto or fiat.

[Ailurophile]

I would say Fiat is still the best currency when it comes to our daily life.
And it would always be that way even if crypto would be accepted by the government unless we would use the stable and centralized currency like USDT.

[Eugenar]

I prefer to use cryptocurrency more than fiat because is faster, safer and with the recent spread of the deadly coronavirus you can be rest assured that the use of fiat currencies has several disadvantages. I can't use cryptocurrencies that much for any transaction because it's barely used in my country but i believe in the near future cryptocurrencies would take over the payment system.

Well said, you have your point, when in terms of disaster, cryptocurrency will be better because you won't need to go outside to make a transactions, not like the fiat currency, you are required to go outside to accomplish what you want, especially when virus like corona virus happens on your country, cryptocurrency will be better than fiat because all the transactions that you should need to accomplish everything is through online.

But I doubt that cryptocurrencies would not take over the payment system that we have now in our country because it will be hard for them to do that thing because there are still some individuals who dont know much things about internet or the transactions in the internet, especially those person in rural places.

[pakhitheboss]

I think both have a special place in our society and not have co existed with each other. For paying monthly bills and food you need Fiat but for saving and earning high returns you need cryptocurrency. Without using both you cannot survive in this era of globalisation and digital age.

[Janation]

I think both have a special place in our society and not have co existed with each other. For paying monthly bills and food you need Fiat but for saving and earning high returns you need cryptocurrency. Without using both you cannot survive in this era of globalisation and digital age.

Yeah, I agree and that is true.

We can't really live right now with just Bitcoin with us. I know that there are some challenges that some people do with just using Bitcoin but this usually depends on the country that we are living in. Another thing is that people choose profit over using BTC as payment. Fiat and cryptocurrencies should stay side by side, we can't just pick one.

[thesmallgod]

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.

[Meowth05]

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,

Actually, I was fan of cryptocurrencies over Fiat because I am the type of person who usually spend my money online yet in term of convenience it is really suite my taste. However, the problem is that the place where I belong does not have that much establishment who accept crypto as a payment so I had no choice but to convert this on Fiat before to spend them. But once it is fully accepted in our society then I will probably always use it.