Bitcoin Is A Better Option Than Fiat Money?

[Reatim]

Bitcoin is always a better option because to be honest there's no rewards when it comes holding fiats and even you make investment you cannot get good return from it., unlike bitcoin wherein despite of being so volatile you can assure that at the end of the day you can make massive profits in it especially if you hold it for long term as it keeps improving and getting matured because of adoption..

Well there are different perspective in the word HOLDING.

There are others that wanted their funds to be On hold so they have funds to withdraw everytime they needed , (Without any less, i mean completely) that is why they tend to Hold fiat.

There are people that wanted to Hold their funds to Make a profit and that is why they are putting this in crypto specially in Bitcoin, but the problem is when time of emergency  withdrawal. because they can lose the amount when dumping happens .

[jostorres]

Bitcoin is always a better option because to be honest there's no rewards when it comes holding fiats and even you make investment you cannot get good return from it., unlike bitcoin wherein despite of being so volatile you can assure that at the end of the day you can make massive profits in it especially if you hold it for long term as it keeps improving and getting matured because of adoption..

Cannot say that btc is always a better option because to me bitcoin still has some flaws as when compared to other fiat options like some of them are stable and no risk that they can lose their value but btc does although btc has an advantage compared to them when it comes to investments because btc can regain what he lost.

It is true that you wont gain anything when you just hold your fiats but you can make something if you use your fiats in different types of investment including investing in cryptos. Btc is volatile so no there is no guarantee that you can earn a profit overnight but the chance is high to earn a profit if you hodl your btc for long term.

[Wawa2013]

Bitcoin is always a better option because to be honest there's no rewards when it comes holding fiats and even you make investment you cannot get good return from it., unlike bitcoin wherein despite of being so volatile you can assure that at the end of the day you can make massive profits in it especially if you hold it for long term as it keeps improving and getting matured because of adoption..

Cannot say that btc is always a better option because to me bitcoin still has some flaws as when compared to other fiat options like some of them are stable and no risk that they can lose their value but btc does although btc has an advantage compared to them when it comes to investments because btc can regain what he lost.

It is true that you wont gain anything when you just hold your fiats but you can make something if you use your fiats in different types of investment including investing in cryptos. Btc is volatile so no there is no guarantee that you can earn a profit overnight but the chance is high to earn a profit if you hodl your btc for long term.

Bitcoin is not perfect, it still has some flaws. So Bitcoin is not always better than fiat, so I don't agree with Bitcoin replacing fiat. Since both fiat
and Bitcoin we really need both, it would be ideal if Bitcoin and fiat co-exist, so that Bitcoin and fiat complement each other. If we save money
to shop for daily necessities in the form of Bitcoin, it will make us lose, because the price of Bitcoin is volatile, so it's not every day the price of
Bitcoin goes up. Sometimes the price of Bitcoin goes down and if we sell it for our daily needs we will lose. Bitcoins are great for long-term
investments, and for grocery shopping it's better to store them in fiat. So we use Bitcoin only as needed, because we have to know when to use
Bitcoin and when to use fiat.

[Henrobakkara]

We cannot throw away Fiat money now that we found Bitcoin, we all invested the Fiat money into acquiring or Investing in Bitcoin hence it has shown it still have its usefulness however, Bitcoin is definitely a better option when it comes to long term hodl. Holding your fiat in the bank wouldn't give you what you would get from HODLing Bitcoin in your wallet over a long time and for now, we cannot spend Bitcoin everywhere like we can do fiat. I would say both have their good.

[buwaytress]

Hey, I'm as deep into and enamoured with Bitcoin as the next guy on this forum, and I can certainly agree it is a better option than fiat money, or gold, depending on the solution it provides or proposes. Retaining value, transporting value, especially, as these are cases actually happening now with a lot of people dealing with hyperinflation or dollarisation issues.

But for regular Joe, even here where I live where digital money is more popular than physical cash, Bitcoin is still impractical for every day use.

Sure, I still order food once every week or two, and I mindfully use Bitcoin -- but only because the food app allows for it via Bitpay. I've even ordered travel tickets already more and more with Bitcoin, but Covid gave me quite a bit of refunding headaches there. For example, a credit card payment would have been overturned easily with a call to the bank, no questions asked, had the issuer not honoured refunds quickly. I can tell you it was a horrible process dealing with Bitcoin-paid tickets. I got the refund back in fiat, btw, and no Bitcoin merchant I know of (using a 3rd party processor) would ever refund in Bitcoin itself.

I love Bitcoin but I'm not prepared to spew the untrue mantras.

[Ziskinberg]

We cannot throw away Fiat money now that we found Bitcoin, we all invested the Fiat money into acquiring or Investing in Bitcoin hence it has shown it still have its usefulness however, Bitcoin is definitely a better option when it comes to long term hodl. Holding your fiat in the bank wouldn't give you what you would get from HODLing Bitcoin in your wallet over a long time and for now, we cannot spend Bitcoin everywhere like we can do fiat. I would say both have their good.

That seems going to be a problem and that is why we consider Bitcoin as an investment, not fiat that we can use to buy stuff. As the situation remains like this no question that people will choose fiat over Bitcoin as clear to see that the main reason for acquiring Bitcoin is to make a profit, nothing else. Even some merchants and business owners are not supporting Bitcoin to become a currency as they consider the risk of its volatility if that happens which might give them losses. And even seeing for another decade, this will never be changed.

[CaVO32]

We cannot throw away Fiat money now that we found Bitcoin, we all invested the Fiat money into acquiring or Investing in Bitcoin hence it has shown it still have its usefulness however, Bitcoin is definitely a better option when it comes to long term hodl. Holding your fiat in the bank wouldn't give you what you would get from HODLing Bitcoin in your wallet over a long time and for now, we cannot spend Bitcoin everywhere like we can do fiat. I would say both have their good.

That seems going to be a problem and that is why we consider Bitcoin as an investment, not fiat that we can use to buy stuff. As the situation remains like this no question that people will choose fiat over Bitcoin as clear to see that the main reason for acquiring Bitcoin is to make a profit, nothing else. Even some merchants and business owners are not supporting Bitcoin to become a currency as they consider the risk of its volatility if that happens which might give them losses. And even seeing for another decade, this will never be changed.

On my end, just be grateful that we have bitcoin today. We can't disregard the use of fiat just because we are a btc user. Majority of the global population are still relying on fiat, and I don't see that changing for the next decade or so. Bitcoin or crypto users may continuously increase in number, but the usage of fiat in our daily life will still be patronized by most. Bitcoin right now, is treated more on investment side as the volatility factor is its main attribute. Whereas, fiat is still the main currency of every country.

[D-law]

 Bitcoin gives you freedom over your finance and financial control over your money.
Bitcoin solves a whole lot of problems fiat hasn't, so I will agree with this in you.
Gradually, government are embracing and accepting Bitcoin, that doesn't mean the use of fiat isn't effective.

Although down my ends, Bitcoin hasn't been used for transportation and other normal services.
Fiats are still in use in my neighborhood, but gradually this will come to full adoption.

[AicecreaME]

Fo me, yes. Bitcoin is a lot more better than fiat, no inflation, no corruption, and you manage your own money. Fiat is too old in this information age, too old that other countries suffer from hyperinflation that leads to poverty because of corruption as well. Most of the government still not allow it on their countries because they can't control it, that's the only reason why, unless a certain country has a very good leader that only think about his people.

[bitzizzix]

If in terms of inflation rate, bitcoin is better than fiat currency and the main reason is bitcoin is not regulated by central bank or even government. Therefore, the inflation rate is not very influential, and on the other hand fiat currency can cause an increase in the inflation rate of a country if it is printed more in that country.
In addition, bitcoin offers features that cannot be offered by current fiat currency systems, bitcoin can be used and received by anyone, anywhere, anytime around the world and without the need for banks or governments and transactions are very fast, secure and very convenient because it makes things easier than fiat.
And this is the most revolutionary aspect of bitcoin or crypto.

[fzkto]

You need to understand what purpose you are using bitcoin for and in what qualities you are comparing it to fiat money. It seems to me that bitcoin is now hard to be classified as a means of payment, it is more suitable as a means of accumulation. As long as almost everything in the world is counted in fiat money (dollars, euros), bitcoin is not going to be a convenient means of payment.

[qwertyup23]

Bitcoin is always a better option because to be honest there's no rewards when it comes holding fiats and even you make investment you cannot get good return from it., unlike bitcoin wherein despite of being so volatile you can assure that at the end of the day you can make massive profits in it especially if you hold it for long term as it keeps improving and getting matured because of adoption..

I somehow disagree with your statement. While BTC may be considered as a valuable instrument as a means of transacting from one person to another without any third-party intervention, there are certain instances where fiat may be considered more convenient. For example, BTC is considered both as an asset and as an instrument of exchange but it requires a certain wallet that can only be accessed with the power of the internet. While in fiat, there is no need for any such technicality as you can purchase anything as long as you have it.

[Cling18]

Yes, Bitcoin has a lot of edge over fiat and I must say that it's more convenient for us to use it as a currency. The government has no control over it compared to fiat so we could transact freely. I just hope that huge businesses would adopt Bitcoin in the future so others would also see its importance and the convenience that it could provide as a currency.

[willoweb]

In my opinion, one should not limit oneself to something that the Law has not already limited! If you can do both, why should you choose one? You can compare as two currencies of different countries that are in circulation on the territory of a third country. We are all citizens of the world and bitcoin speaks volumes about this. Now the main thing is that the world community should accept the fact of the existence of cryptocurrency as soon as possible and integrate it into their economy as gently as possible. When the balance is found, everyone will benefit from it.

[BITCOIN4X]

Bitcoin is always a better option because to be honest there's no rewards when it comes holding fiats and even you make investment you cannot get good return from it., unlike bitcoin wherein despite of being so volatile you can assure that at the end of the day you can make massive profits in it especially if you hold it for long term as it keeps improving and getting matured because of adoption..

No, you can't tell this reason to those who don't like the high risk of investing in bitcoin. So far bitcoin is for those of us who believe in its potential and who dare to risk its volatility to invest while for those who don't, fiat investments with low annual interest can still be considered. Bitcoin is too risky for them although it has never been a problem for those of us who know what its potential is in the long term.

Fiat investors may regret ignored bitcoin in their investment portfolio after seeing how the bitcoin price reached ATH. Good returns in the long term make them start to think at least not to ignore it, it has been done by some of the world's rich today.

[seanowens]

https://www.digistore24.com/redir/325658/Seanowens/

[DoublerHunter]

You need to understand what purpose you are using bitcoin for and in what qualities you are comparing it to fiat money. It seems to me that bitcoin is now hard to be classified as a means of payment, it is more suitable as a means of accumulation. As long as almost everything in the world is counted in fiat money (dollars, euros), bitcoin is not going to be a convenient means of payment.

^That is what they are thinking now for those who have been adopting BTC, it is all about storing value just to make a profit and not just a mode of payment, probably there are some using this as a mode of payment but the majority are using this because of accumulation and while making profit through hoarding it and waiting for a good value comes. But I don't think BTC is a good option than fiat because for me they have pros and cons of each other that we should consider before deciding its functionalities. Both are useful for me.

[Mahanton]

You need to understand what purpose you are using bitcoin for and in what qualities you are comparing it to fiat money. It seems to me that bitcoin is now hard to be classified as a means of payment, it is more suitable as a means of accumulation. As long as almost everything in the world is counted in fiat money (dollars, euros), bitcoin is not going to be a convenient means of payment.

^That is what they are thinking now for those who have been adopting BTC, it is all about storing value just to make a profit and not just a mode of payment, probably there are some using this as a mode of payment but the majority are using this because of accumulation and while making profit through hoarding it and waiting for a good value comes. But I don't think BTC is a good option than fiat because for me they have pros and cons of each other that we should consider before deciding its functionalities. Both are useful for me.

I heavily agree that most people who are engaging now are ones who do really mind off about on how to make profits and not really minding about total application or real use
case of Bitcoin itself thats why they dont really mind off whether on what would happen as long they could make profits then speaking of options wouldnt really care that much
and the rest are being too optimistic which it did really comes to a point that it wasnt already that realistic anymore.Bitcoin is better that fiat on some terms but we couldnt
really ignore that it is still plays a vital role on economy speaking of fiat itself.

[fzkto]

You need to understand what purpose you are using bitcoin for and in what qualities you are comparing it to fiat money. It seems to me that bitcoin is now hard to be classified as a means of payment, it is more suitable as a means of accumulation. As long as almost everything in the world is counted in fiat money (dollars, euros), bitcoin is not going to be a convenient means of payment.

^That is what they are thinking now for those who have been adopting BTC, it is all about storing value just to make a profit and not just a mode of payment, probably there are some using this as a mode of payment but the majority are using this because of accumulation and while making profit through hoarding it and waiting for a good value comes. But I don't think BTC is a good option than fiat because for me they have pros and cons of each other that we should consider before deciding its functionalities. Both are useful for me.

There are two fundamental differences. Fiat money is always inflationary, while bitcoin is deflationary. That is why its value in fiat is always going up. But if you look at it as a means of payment, it is more convenient to use fiat, because, for example, in a year your purchase could be several times more expensive or cheaper than your current purchase. In general, bitcoin has to become a world currency, so that it is easy to use.

[BIT-BENDER]

Bitcoin having advantage over Fiat is like blowing a trumpet that has been blown several times here, and it's focal advantage point has always been out of the control of government, but is this fact, take for example in my country government are clamping down on crypto-currency users and it's getting really bad, the true essence of the decentralized advantage point over Fiat only occurs when you operate on it, I don't think your privacy is safe when you join an exchange that requires your KYC.