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Author Topic: Its time to go in crypto lets leave fiat cutrency  (Read 1212 times)
325btc (OP)
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March 14, 2022, 03:49:25 PM
 #1

Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
So we buy  house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair ...but we dont care life is not fair.
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc
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March 14, 2022, 07:31:09 PM
 #2

Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.
Going all into crypto is not feasible at this moment. Majority of stores and merchants do not yet accept crypto and that is just the half of it, the volatility in crypto means you will constantly be checking the market value before making any purchase.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc
Cash would be one of the most valuable currency during war time. Bitcoin is more useful to carry assets on you, but you would have a hard time finding where to spend bitcoins during war.

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March 14, 2022, 08:15:19 PM
 #3

Now the price of most of the altcoin was almost zero change.Their was a change of 3-5% in the price, it was both dip and pump in the price of bitcoin and some trusted altcoin.The value of dogecoin was reduced the huge value.Most of the dogecoin investors was in confused stage.Whether to sell or just hold for further. As the support for dogecoin by Elon was not quit yet.As the situation of Gas was worst, it having impact on bitcoin too.
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March 14, 2022, 08:39:37 PM
 #4

Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
So we buy  house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair ...but we dont care life is not fair.
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc

Just to clarify, the war is in EU though, so maybe there is some impact on other countries, but I don't think that majority will go full crypto because of it.

Maybe there are some individuals who are already 100% in crypto specially bagholders who have witnessed how the market from the beginning and how it involves, but for the majority of us who has been in the game for like 5 years or less, they could be still in the fiat because it is readily available.

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March 14, 2022, 09:24:53 PM
 #5

You're ready to go all in but the world isn't.

It's still the reality that has to sink in that the world is not yet fully adopted to cryptocurrencies. Even we're all for that but how are you going to buy your goods and needs in a supermarket if they're not yet accepting bitcoin?

That's just the simple logic and reasoning that you have to think of. There's still a lot of stores that are not aware of it especially stores that sells our basic needs.

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March 14, 2022, 09:59:40 PM
 #6

You're ready to go all in but the world isn't.

It's still the reality that has to sink in that the world is not yet fully adopted to cryptocurrencies. Even we're all for that but how are you going to buy your goods and needs in a supermarket if they're not yet accepting bitcoin?

That's just the simple logic and reasoning that you have to think of. There's still a lot of stores that are not aware of it especially stores that sells our basic needs.


Im ready if its benefcial and prices cheap reseted towards my benefits other reason im not interested.
If i can buy  nice villa with  5 doge coins as prices will be cheap as economic reseted...well then yes im full in and im ready to say only good things about crypto.

Every person has their own preferences when it comes to investing their assets.
If you highly believe that the time will come for example doge to be very valuable, why not?
We are free here to make our own choices when it comes to investments.
But even if we say a lot are discovering the benefits of crypto, still, I don't think countries will abandon their own fiat over crypto.
We should be grateful that crypto is being recognized now by a lot of countries as part of their financial system.
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March 14, 2022, 11:00:22 PM
 #7

Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
So we buy  house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair ...but we dont care life is not fair.
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc

There might be a future that fiat won't be used anymore, but as of now we must not go all out on crypto. We couldn't use crypto payments fully functional, as there are so many stalls that don't still accept them. If someday they will, then maybe that is the time we convert our fiat to crypto, but not full, maybe around 90% if I will choose. We might never know, even the crypto market goes down, we can still have 10% left for us to use right.
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March 14, 2022, 11:00:28 PM
 #8

Wtf is even the point of this thread

Or indeed any of their threads.  Everything 325btc/polo7/cryptoboss2020 posts is utter garbage.  I've sat on chairs with a higher IQ than this imbecile.

Even if people could get paid their wages in BTC and in turn pay their taxes in BTC, it's still not great advice telling people to go all-in.

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March 15, 2022, 03:53:49 AM
 #9

Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
So we buy  house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair ...but we dont care life is not fair.
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc

The whole purpose of bitcoin is to provide an alternative to cash/gold. Legal tender laws and forcing people to use a certain currency defeats the purpose of why we have bitcoin in the first place.

People should be able to pay with whatever they please. While yes, a world with crypto only payments would be sweet, it's simply not feasible at this time. There are far, far too many people that are clueless as to how to work a wallet or any piece of crypto-related hardware. Education and time will solve this.

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March 15, 2022, 04:16:15 AM
 #10

No buddy, fiat money is still very important to our lives, it is necessary and inseparable. It's true.
Crypto needs more time to completely replace fiat money, crypto has many limitations as many shops, restaurants, and many services are not willing to accept it. Volatility, transaction fees, transaction processing times will make it difficult for us in daily transactions.

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March 15, 2022, 04:50:19 AM
 #11

Please start with yourself, you can sell your house for 10 doge to reset the price. If you're okay with that, you're prepared for unfairness whicj at the same time someone might peg that value for a glass of juice. The 10 doge you got will get the equivalent price of a house along with the market volatility.

I'm pretty sure if the crypto price reset will be done globally if someone is willing to start, because we are decentralized. Roll Eyes

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March 15, 2022, 07:36:44 AM
 #12

So we buy  house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair

This can be considered as future prediction of Dogecoin but come to reality isn't possible.

Quote
Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.

If looking out to get reset by market then your really ready to into crypto's as many considered now to be right time to acquire most of the reliable and crypto coins out there in the market. Talking of fiat, it is accepted everywhere but present there are some countries that doesn't accept it.
Cryptocurrencies have been helpful to us as the early adopter.

Honestly, I'm not ready to let go of that because I still use fiat to buy daily necessities.

That is my point of view, though this depends on the countries we do resides

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March 15, 2022, 08:35:19 AM
 #13

Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
So we buy  house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair ...but we dont care life is not fair.
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc

Good to hear that you are ready to go full into crypto currencies. I am not yet ready, because most of my bills are still in fiat money, even a loan I am repaying is also in fiat. Same goes for my salary. That is why for daily life I need to stick with fiat for now, but for my investing I am also full into cryptos. Haven't really bought any stock or other investments since I am back into cryptos. Especially now cryptos are so desirable because they offer much better inflation protection that our Fiat money. It still important what kind of crypto coins we are going to buy. Right now 10 doge coin are worth 1.11 USD, going up to 500k sounds a bit unrealistic to me. Doge is still a meme coin, so if they could go up to $1 and hold that price for a while it would already be amazing. Better not to invest all your money into Doge in my opinion. How about you spread out your money across a lot of different cryptos?
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March 15, 2022, 08:47:43 AM
 #14

Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
So we buy  house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair ...but we dont care life is not fair.
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc
while it is correct that the war might bring Fiat non worth at all yet the chances are Tin , because this war won't extend outside Russia and Ukraine and i don't believe about WW3  coming so it is exaggerating comment to tell that Fiat might not used in anyways .
Too soon to leave fiat currency right know i mean crypto banning still everywhere country that accept bitcoin as currency is el savador only.

In my opinion for now we buy bitcoin for investment and dont go all in  Cheesy especially in this right situation watch and see is the best. but keep fiat and crypto balanced
I thinj the word "ALL IN" is not indeed what OP can do, because if this fails him? then surely He will end up nothing but to Cry the rest of His life  Grin









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March 15, 2022, 10:26:47 AM
 #15

If I were in your place, I would not be in a hurry to get my hopes up completely on cryptocurrency. You are right about the unstable situation in the world, and cryptocurrencies can go down significantly or of course they can go up. But if you are hoping for the second option, you should always keep the first one in mind. Because you can get into an unpleasant situation when you need money urgently and you have invested it and the asset has fallen in value. Only buy cryptocurrency with money you can afford.

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Anonylz
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March 15, 2022, 11:02:04 AM
 #16

Unfortunately this forum is a tiny part of the world, assuming we here in the forum are all ready to go full in crypto, the rest of the world will not be. You want to make purchase in crypto but most businesses are not accepting it yet, at the end of the day, you can only go with what the majority accept.
Fiat is losing value but it is still the currency of the vast majority. You can only deal with the situation until such a time when that actually happens, the war won't linger on forever, even though crypto has played a vital role in this war, there are still several limitations.

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March 15, 2022, 11:23:37 AM
 #17

Yea no, that's a dumb idea. Even if crypto adoption was to increase, I still think fiat being left behind wouldn't really happen, or well, the government wouldn't exactly let it happen. Yes, Crypto adoption may help in trying to make usage of crypto in most expenditures happen, but in the end the centralized fiat would probably be improved upon and still be a top option when you consider convenience in the future. Not to mention that in the current scene of things, merchants who accept Bitcoin are way too little, not to mention most of them are big companies instead of the daily necessities type of stores.

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March 15, 2022, 12:24:05 PM
 #18

Right now the most affected by the war would still be the Ukrainians and the Russians. There is no harm in converting some of your assets into bitcoins, but going all in would still be pretty sketchy at this moment since the world is still reliant on fiat currencies. You would find it hard to buy necessities using bitcoins at this point, and it's mainly for storage of value too. It's a smart move for keeping assets, but somewhere down the line you would need to convert to fiat if you want to buy some thing still.
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March 15, 2022, 12:45:04 PM
 #19

Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
So we buy  house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair ...but we dont care life is not fair.
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc

This is going to take a lot of time yet still. I’m not saying I’m against this plan, but it’s just not feasible yet, it’s going to take time as Rome wasn’t built over night. Also I’ve got some need for you, 10 doge coins is never ever going to be worth $500,000 lol. Bitcoin was and is still the number one coin to own and that’s not going to change anytime soon either.

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March 15, 2022, 12:55:31 PM
 #20

Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
So we buy  house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair ...but we dont care life is not fair.
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc

As much as you want to totally transition from fiat system to cryptocurrency, there are still a lot of things to consider. Not everyone is ready for this conversation since not all of us are capable of doing so. In addition, fiat and crypto exist for a reason. These two are completely different from each other and has their very own purposes to take care of. If you can abandon fiat for good, then good for you. But unfortunately, other people can't do the same thing instantly as much as they want.

It's good to have crypto as an alternative option aside from fiat. If things go haywire in fiat system, you can just switch to crypto because you have a back up. In case sanctions happen, you can freely use your assets because it won't frozen by central organization. However, this has its advantages and disadvantages. If someone is to switch completely and ditch fiat, he must be aware and should welcome the risks that come along with it such as price fluctuations. You see, living in crypto isn't going to be rainbows and sunshines because it is volatile. Some days you will have so much, and there would be days you could have so much less compared to the amount you originally owned. In addition, transaction fees and processing fees are not really much consistent. And not every establishments really openly accepts crypto payment methods.

Someone must weigh the pros and cons before doing so. Otherwise, he might just regret it. After all, i still believe that fiat and crypto can coexist. There shouldn't even be a competition actually against each other because each serves their own purpose to their target market.
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