Simple reason why crypto is preferred over fiats

[DoublerHunter]

~snip~

There are still people who will always use and prefer fiats OP, people that are into crypto usually is to invest and save because in reality bank is just there to store your money and have word "savings" but in reality you didn't save any because you pay them to store and secure you fiats.

And bitcoins can be stolen too, not in the system. It can be stolen to those bitcoin owner who failed to secure their funds.

You are right, for now there are still people who prefer FIAT to cryptocurrencies, perhaps the reasons are pro ignorance, some because they do not agree with volatility, others say that it is too risky an investment, in countries with high inflation the BTC is the ideal way out, since they are always protected against all inflation and as their local currency falls due to inflation, the BTC raises the value, that is, in a country with economic differences and high inflation, the BTC is the best way of constant savings no matter what happens in the world, this is one of the things that can be taken advantage of the most from BTC, and this has made the improvement of many particular economies.

IMO, its undeniable that crypto brings more convenience and more profits for people today. As a currency, crypto is more convenient to use because it has faster transaction than fiat and the transaction fee somehow is cheaper than fiat, although some are also quite high. But as investment, crypto has higher value than fiat so if you come to invest in crypto, there is higher profits that you will yield than fiat. Although its more risky, but the profits is also worth taking the risk. And lastly, crypto is decentralized so the owner takes the full responsibility to manage his own finances while fiat is totally controlled by government and banks and whatever transactions you made, it can be traced by banks so you won't remain to be anonymous.

^ Overall, we cannot eliminate one of them, though they have different functions, still, fiat is good but crypto has a betterment than fiat. You cannot buy 1 candy using your cryptocurrency and yes crypto is good for transferring worldwide. There is no reason we are comparing them, both are good and have their own advantages and disadvantages. Nevertheless, we don't know what will be waiting ahead, but for sure fiat will not be vanished by crypto since there are many that want to use fiat.

[jostorres]

The ones that banned it are mainly places that have harsh rulership. If you want to rule over a nation without giving them any freedom to get rid of you, then you will also need to ban them to use decentralized projects that take power away from you and give it to people.

As long as there is decentralization in crypto and fiat is centralized, there is really no discussion about which one is better for us. It is obvious that Crypto will always be better and inherently so.

Definitely there are some crypto which is centralized, like bnb or xrp or bch or whatever but at the end of the day there are decentralized ones as well so you could always focus on that. I believe that the power that people have with crypto can never be matched by fiat. So, obviously people will prefer to have power than just being to be relying on others for financial needs and purposes.

[bitzizzix]

The best advantage of crypto for me is that the transaction fees are cheap, practical and fast because it is digital based and also does not involve the government and is completely self-controlled.
and besides that crypto also has its own freedom because it does not have access or is affiliated with bank and this benefits the owner because we can transact with crypto anytime and anywhere without having to wait like bank hours when transacting, and many other reasons that I think crypto is far away better than fiat and the two exist to complement and not eliminate each other.

[2double0]

Blockchain and bitcoin both cannot give us complete decentralised experience because blockchains are open ledgers, transparent except for coins like monero and bitcoin transactions are transparent, making it pseudonymous till we take every possible step to remain anonymous. However, you said true that btc's value does not remain stable and that is the innovative part because the value of our money increases if it is invested in cryptocurrencies, but fiat remains the same and after charges, it only reduces. But we 'invest' in crypto because cryptocurrencies are like stocks and not currencies, so comparison is not possible.

[LUCKMCFLY]

That's because no single person or group of persons is or are in control of Cryptos, it's called Blockchain technology

It's a decentralised system meaning money sent or received from or to an account can be seen or monitored by everyone or anyone who wishes to

Unlike your normal bank that has CEO who decides how he wants to run his business, he can collaborate with the president to Syphon millions of dollars and no one will know about it

In the Crypto space, such is not possible because any amount that leaves your account can be monitored and traced by anybody at all

So stealing with Cryptos is almost not possible

And again, Cryptos rise/fall every second, but the chances of rising is higher

That's why Bitcoin of $10 today can turn $14 in 14days time but your $10 in the bank will reduce to $9 after bank charges

So a time will come when everyone wouldn't want to be cheated again by the banking system and would move to using Cryptos for Saving money and other transactions.

There are still people who will always use and prefer fiats OP, people that are into crypto usually is to invest and save because in reality bank is just there to store your money and have word "savings" but in reality you didn't save any because you pay them to store and secure you fiats.

And bitcoins can be stolen too, not in the system. It can be stolen to those bitcoin owner who failed to secure their funds.

You are right, for now there are still people who prefer FIAT to cryptocurrencies, perhaps the reasons are pro ignorance, some because they do not agree with volatility, others say that it is too risky an investment, in countries with high inflation the BTC is the ideal way out, since they are always protected against all inflation and as their local currency falls due to inflation, the BTC raises the value, that is, in a country with economic differences and high inflation, the BTC is the best way of constant savings no matter what happens in the world, this is one of the things that can be taken advantage of the most from BTC, and this has made the improvement of many particular economies.

[Ultegra134]

I don't prefer cryptocurrencies in the way you're mentioning, the exact opposite thing can also occur, I don't get why people only expect its price to rise. The reason I prefer cryptocurrency is because it enables me to earn, invest and save money without having to declare them as an income. This way, I've got something similar to a savings account, in ny computer, and no one knows about it.

[chrisculanag]

For me Bitcoin is most prefered to investing because the volatility of this , so they can profit more. But in other ways fiat is also preferred in real world. Saving Bitcoin can sure you more profit than saving fiat but if you want cash you sell the little save in Bitcoin to get fiat. Means this two is important to us ,this is my opinion its either you want or not ,that is ok.

[sana54210]

The ones that banned it are mainly places that have harsh rulership. If you want to rule over a nation without giving them any freedom to get rid of you, then you will also need to ban them to use decentralized projects that take power away from you and give it to people.

As long as there is decentralization in crypto and fiat is centralized, there is really no discussion about which one is better for us. It is obvious that Crypto will always be better and inherently so.

Definitely there are some crypto which is centralized, like bnb or xrp or bch or whatever but at the end of the day there are decentralized ones as well so you could always focus on that. I believe that the power that people have with crypto can never be matched by fiat. So, obviously people will prefer to have power than just being to be relying on others for financial needs and purposes.

Yeah, fiat NEEDS to have centralization, otherwise what's the point of it? Governments needs to have some power over it so that they could control it and if they can't control it then it would draw any nation to chaos. So that means, if you look at the data in hand, there is absolutely no way that we could end up with fiat being better than crypto no matter what happens with fiat, only if crypto becomes more centralized (even personally I am not seeing that is possible but when Elon Musk kind of billionaire tries to take control of one coin then I am afraid about its possibilities).

[D-law]

This two are important although,the rate at which bitcoin is been used lately is tremendous....no wonder government places banned on all of this at some of the countries growing.
Although bitcoin is fast and it's volatility rate,also bitcoin seems to be a great asset in the future.
Fiat is a major means of exchanging valuables,but humans are okay with the rate at which there money is not been controlled by bitcoin.

[blockman]

For me Bitcoin is most prefered to investing because the volatility of this , so they can profit more. But in other ways fiat is also preferred in real world. Saving Bitcoin can sure you more profit than saving fiat but if you want cash you sell the little save in Bitcoin to get fiat. Means this two is important to us ,this is my opinion its either you want or not ,that is ok.

Fiat is always going to be preferred by most because it's the traditional money that we've been living with. Unless there's a bigger mass that has been into cryptocurrencies as a medium of exchange but to this date, it's more of a valuable asset than money for payments.
We do need cash and that will stay as long as the government that we're living in doesn't prefer crypto to flourish as a means of payment or they could do that but just as the secondary payment method.

[shield132]

In what way is crypto preferred over fiats? In real life, people prefer Fiat over cryptocurrencies.

Unlike your normal bank that has CEO who decides how he wants to run his business, he can collaborate with the president to Syphon millions of dollars and no one will know about it

In the Crypto space, such is not possible because any amount that leaves your account can be monitored and traced by anybody at all

So stealing with Cryptos is almost not possible

And again, Cryptos rise/fall every second, but the chances of rising is higher

That's why Bitcoin of $10 today can turn $14 in 14days time but your $10 in the bank will reduce to $9 after bank charges

So, it's almost impossible for crypto users to steal and hide their identity? Haha, so hilarious, because this is the reason why crypto is blamed. The thing that you talk above is Elite corruption, in crypto, word elite doesn't exist.

Chances of rising is higher in crypto, I have never seen USD gaining value, it only loses as time goes but the chance of losses is very high too. And you know what, this is very unpredictable and when you need money in everyday life, you can't rely on that. If the invested amount of money is somthing that you can afford to lose and just ignore that, then sure why not to risk?

[Hamphser]

For me Bitcoin is most prefered to investing because the volatility of this , so they can profit more. But in other ways fiat is also preferred in real world. Saving Bitcoin can sure you more profit than saving fiat but if you want cash you sell the little save in Bitcoin to get fiat. Means this two is important to us ,this is my opinion its either you want or not ,that is ok.

Fiat is always going to be preferred by most because it's the traditional money that we've been living with. Unless there's a bigger mass that has been into cryptocurrencies as a medium of exchange but to this date, it's more of a valuable asset than money for payments.
We do need cash and that will stay as long as the government that we're living in doesn't prefer crypto to flourish as a means of payment or they could do that but just as the secondary payment method.

Really hard to believe on that fiat would cease to exist or simply be replaced with crypto because even though how much we do hate centralization but still we do much prefer

on using up fiat no matter what and of  course it does have those things which cant be found on crypto but somewhat  you could really tell the big differences between the

two and i dont know on why people are really fan of presuming out things that it could be replaced which is eventually a very impossible thing to happen.

[blockman]

Fiat is always going to be preferred by most because it's the traditional money that we've been living with. Unless there's a bigger mass that has been into cryptocurrencies as a medium of exchange but to this date, it's more of a valuable asset than money for payments.
We do need cash and that will stay as long as the government that we're living in doesn't prefer crypto to flourish as a means of payment or they could do that but just as the secondary payment method.

Really hard to believe on that fiat would cease to exist or simply be replaced with crypto because even though how much we do hate centralization but still we do much prefer

on using up fiat no matter what and of  course it does have those things which cant be found on crypto but somewhat  you could really tell the big differences between the

two and i dont know on why people are really fan of presuming out things that it could be replaced which is eventually a very impossible thing to happen.

It won't stop in existence because even with the digital experience and upgrade, there will be an adoption that would still come to fiat and they'll be making digital fiat which has been also there. Well, crypto has been assumed that it will replace fiat before and even until now.
Many of us have believed that it will be like that until we've come to the understanding that the market is becoming different and has a different path of being an asset.

[sgenuine]

The main advantage of crypto over fiat is that crypto is completely uncontrolled. There are centralised platforms such as CEXes that have a head, but you don't have to interact with them as there are alternatives such as DEXes and so on. So we are completely free to run any transactions we want, to send any sums of money to anybody we want and it is really valuable.

[Alert31]

You know why I prefer crypto over fiat, simply because I earned a lot in crypto rather than working eight hours a day with a very small minimum salary. Although we still need fiat, Crypto is now my best source of financial help for my family’s needs. Hassle free and you're the only one responsible for your assets.

[Pamadar]

It won't stop in existence because even with the digital experience and upgrade, there will be an adoption that would still come to fiat and they'll be making digital fiat which has been also there. Well, crypto has been assumed that it will replace fiat before and even until now.
Many of us have believed that it will be like that until we've come to the understanding that the market is becoming different and has a different path of being an asset.

It's been realized that both will continue to exist no matter what. Crypto now is more on investment is most of those supporters use this venue to earn from trading and not really focus on the currency usages.

Those past believes that Crypto may replace fiat is not being talked for quite a while, instead, fiat versions or alternative inside crpyto
market to represent fiat usages.

We need to accept things if there're adjustments to undergo but at the end of the day, as investors/traders, we always value the potentials.

[Issa56]

The main reason why I really prefer cryptocurrency is that money can be transferred from one part of the country to another part easily without the use of third-party, currently in some countries now if you are trying to make international transactions its always discouraged due to country policie but with the help of bitcoin and cryptocurrency in general transactions can now be made internationally with less stress and less transaction fees compare to fiat.

[Bollexz1]

So a time will come when everyone wouldn't want to be cheated again by the banking system and would move to using Cryptos for Saving money and other transactions.

The truth of the matter is that even though everyone understand crypto and its features, still not the whole percentage of people would be willing to invest into it.. The whole percentage of people can never go in one direction.

[LUCKMCFLY]

The main reason why I really prefer cryptocurrency is that money can be transferred from one part of the country to another part easily without the use of third-party, currently in some countries now if you are trying to make international transactions its always discouraged due to country policie but with the help of bitcoin and cryptocurrency in general transactions can now be made internationally with less stress and less transaction fees compare to fiat.

I support you in that motion, money that they had to pay me from Canada, they sent it through Bancolombia, and from Canada there was no problem, the problem occurred in Colombia because they called the account holder, they began to ask him about what reason they sent the money, that the direct transfer option was not activated, what are the origins of that money, the truth is that it was done at that time that the same bank returned the transfer to Canada, it took 15 days in that unsuccessful process.

When the money arrived at the Bank in Canada, the person sent it through BTC and it was immediate, then from there it was much faster to take it to fiat, obviously in Venezuela people do not know much about BTC, but when Zelle falls or eliminates , I think that BTC transaction volumes will increase remarkably.

[Zanab247]

Here are some of the reasons why crypto is preferred over fiat:
(1)  Decentralized currency: many crypto users preferred crypto currency because is not control by the government. It pump and dump without the approval of the government in the country.
(2) Economy improvement: crypto currency has helped many countries that made it legalized in their community to improve their economy that covid-19 virus has collapsed few years ago in the country.
(3) Educated : Many crypto users are educated people and they have all the requirements to make some reasonable income from cryptocurrency .
(4) Easy to spend : crypto is very easy to spend in the market compare to fiat that is only accepted within the country.