Its time to go in crypto lets leave fiat cutrency

[wozzek23]

We cannot leave fiat all together, that will never happen. I have always dreamed about becoming so wealthy one day that people would let me own my own nation. Not like a huge nation in the middle of Europe or anything, just a very tiny, maximum 5k people island somewhere far away from the mainland. In that place I could try to build a nation that worked just on crypto and not on anything else, and taxes would be paid with crypto as well.

But, even in that dream world, the volatility would hurt everyone. Your 0.001 tax could be 100 bucks or could be 1k, and you would be destroyed if it is way more than what you should be paying in fiat. Hence, fiat could never leave.

[Issa56]

Currently it will be hard to go into crypto completely, because we are just having little percentage of the total population of the world that accept bitcon or cryptocurrency, most stores don't accept bitcoin because the volatility and they don't really know how to handle,  so I believe it won't be possible for now to go into cryptocurrency completely we still have to be making use of fiat currency, but I believe later in the future it will be possible.

The percentage of people who is using cryptocurrency is more related to people who is using fiat today, because for out side world everyone have little ideas of Bitcoin, so from my view cryptocurrency is not dominating over the world, because i don't that no country that don't know cryptocurrency or don't have Bitcoin awareness, but from the my understanding i know that both Bitcoin and fiat is working hand to hand and fiat currency cant be eliminated because of generally acceptance of cryptocurrencies and especially bitcoin

From your post, you said everyone is having little idea about bitcoin seriously I can say you are wrong, maybe in your country you can say everyone is having little idea about bitcon, but in my country is not like that, in my country just few people know about bitcoin, the percentage of people that don't know about bitcon is far more than the once that know about bitcoin, some people have not even heard the name bitcoin before.

This world is a digital, global and civilization has taken almost fifty percent of the civilization, any country that is not aware of digital currency and Bitcoin officially is not a global country, so telling me that Bitcoin has not gotten to the grassroots in your country, I don't think is a true, because what ever that thread for the top countries example united state of America, Sweden and other countries that i may not mention has gotten to every country, even children in school knows about Bitcoin, I'm surprised to hear this from you that your country Bitcoin has not spread round

The countries you mentioned above are developed countries already, am in a developing country, lots of people are beginning to know about bitcon on a daily basics, but I can still tell you not everyone knows about bitcoin in my country. If you say everyone knows about bitcon in the countries you just listed above I will definitely agree with you, but I just want you to understand that there are still lots of people that don't know about bitcoin in different countries.

[macson]

in my country crypto is very free but there are still very few merchant who accept their wares to be paid with crypto especially bitcoin, then it switch to 100% crypto still difficult.  maybe in the next 2 or 3 years there are already many merchants who accept payments with crypto, then I will really leave fiat and switch to 100% crypto especially bitcoin.

[Distinctin]

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

Everyone wants to go all in crypto but wait, the world is still fiat dominated. It is undeniable that fiat is still the most important and most needed currency by all people. Though many of us are eager to use bitcoin but having the real world that is not ready yet and still not legalizing bitcoin payment system, then that makes so hard for us to leave fiat. But i believe we will eventually go into bitcoin and leave fiat and its inflation, but now is not the right time yet.

[suzanne5223]

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.

Until we see that all merchants legally accepted crypto payments, that is the best time to leave fiat and go all in crypto. But the problem is when it will eventually happen when all the government do not trust crypto. I guess we need more time before crypto will be recognize and legalize all over the world. Fiat is still needed mostly by people nowadays so its hard to predict when will crypto gain its own position in the financial market.

@DanWalker, Crypto was never created to replace fiat currency. From the record, it was introduced as an alternative, a form of solution and people liberation from inflation caused by the government's naiveness of printing more money.
Although crypto can be the mainstream of payment in the future but it will never replace fiat.
@Vaculin, if it was in terms of investment or putting one's money to work. Yes, it's time to let go of fiat currency and totally choose crypto because the institutional investors are not joking about BTC anymore.

You are contradicting your reply. Even though we can say that institutional investors are not joking about accepting Bitcoin but this never changes the main purpose of creating cryptocurrencies. Because whatever it happens in the future even all countries will legalize and accept Bitcoin as a mode of payment, this still remains as an alternative to fiat money. However, this only happens if the government never prints paper money anymore.

I don't understand why you believe what I am saying contradicting my stance about cryptocurrency being an alternative to fiat currency and the institutional investor acknowledgment of Bitcoin will only make Bitcoin achieve the purpose of its creation.
Understand that, it is not possible for all countries to legalized Bitcoin in the future but there's no way the government will stop printing more fiat money.

[Fatunad]

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

Wow! That is some wild imaginations right there.
Hate to say this, but fiat currency cannot be phased out ever, at least not in your lifetime.
Cryptocurrency's volatility alone can be the primary reason why merchants and service providers, and other businesses won't accept any crypto yet.
We're still way far from that scenario happens. But then again fiat cannot be phase out and cryptocurrency will continue to co-exist as an alternative payment method.

People are overexaggerating things up even though seeing crypto or bitcoin does progress out that much and having already those beliefs that it could replace fiat anytime soon which is totally impossible
i must say and just like you have said that it would co-exist with fiat which is something that would really be happening and not really that minding about fiat would cease to exist.
as a user then be grateful that crypto is here yet we do have other choices or options to take whether we do like centralized fiat or decentralized crypto.

[add1ct3dd]

Not really of the mindset that i should go full into crypto leaving beside my fiat at the moment because we can't rely fully on the crypto.The fiat is still legal tender and can be used for daily expenses while crypto not and you can't spend it on small items if you have planned long term investment through them.The fiat is inflationary but in current times also it's not volatile and you could still have the same value of notes to spend.So there are many reasons by which fiat is still is used in many ways and can't dilute its usage.They can go side by side as an alternate.

There are countries now where btc and crypto is now a legal tender but the count of those country is still small. If we are not among on those country then I agree that we should not fully convert to crypto because it could not make our lives easier yet. I know we can still use cryptos on online purchase but the website that support it is not wide as what we have locally.

It's good to have some cryptos in hand because we might need it in times of crisis such as when there's wars or something when fiat is nearly unusable. The crypto that is intended for investment should be separated for the crypto that is only meant for spending so that no regrets will happen.

[AmoreJaz]

Not really of the mindset that i should go full into crypto leaving beside my fiat at the moment because we can't rely fully on the crypto.The fiat is still legal tender and can be used for daily expenses while crypto not and you can't spend it on small items if you have planned long term investment through them.The fiat is inflationary but in current times also it's not volatile and you could still have the same value of notes to spend.So there are many reasons by which fiat is still is used in many ways and can't dilute its usage.They can go side by side as an alternate.

There are countries now where btc and crypto is now a legal tender but the count of those country is still small. If we are not among on those country then I agree that we should not fully convert to crypto because it could not make our lives easier yet. I know we can still use cryptos on online purchase but the website that support it is not wide as what we have locally.

It's good to have some cryptos in hand because we might need it in times of crisis such as when there's wars or something when fiat is nearly unusable. The crypto that is intended for investment should be separated for the crypto that is only meant for spending so that no regrets will happen.

as much as we want to go full crypto, it won't happen as most countries are still relying on their respective fiat currency. so if you are residing in one of those, it means, mostly of your purchases should be done via fiat. and i believe, a lot of us are also in such situation. but i can agree that with your knowledge in crypto, it may be your advantage as you can get the opportunities once presented to your community. in other words, most of us can't go all in into crypto because we are not yet in this situation.

[Emitdama]

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.

Even Elon musk support wasn't enough to hold Doge coin from falling. Doge coin has really lost a lot of value and that was unexpected by a lot of people with the way it was going. Prior to now it was a big trend at the start of the year and a lot of people were investing in it with Elon musk talking about it on Twitter almost all the time. So, it was least expected by most people that it would lose such value.

When its bearish trend started, a lot of people thought that was going to be just a temporary downturn, and after that the market would continue with its uptrend and then reach $1 price. But, unfortunately for them that never happened.

[Mehedi72]

Maybe possible with doge if supply of it get burned. Whatever Cryptocurrency and fiat, both are difficult things. You can use both. if your Government accept bitcoin, then there are lots of stores, supermarkets which accept bitcoin and you can enjoy fully go in crypto but as government can't control it, they'll never let replace fiat with crypto but they'll allow to use it anyway, possibly apply taxing on it

[Japinat]

Maybe possible with doge if supply of it get burned.

If DOGE will gain adoption then the demand will increase.
Though DOGE has a huge supply but you still see how significant the increase it has in the past year, however, we have to make sure that it was due to a real adoption, not due to hype only.

Whatever Cryptocurrency and fiat, both are difficult things. You can use both. if your Government accept bitcoin, then there are lots of stores, supermarkets which accept bitcoin and you can enjoy fully go in crypto but as government can't control it, they'll never let replace fiat with crypto but they'll allow to use it anyway, possibly apply taxing on it

TAX is automatic once crypto is being regulated.

[jend16]

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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[Fivestar4everMVP]

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

In as much as we all crave and want crypto currencies to become a dominant means of payment for our day to day expenses, goods and services, it's not gonna be easy to rule out or wipe out fiat from the system, Infact, if fiat will ever become obsolete, it will take several years and I doubt if you and I will still be alive by then to witness this.

But then, the good news is that fiat and cryptocurrencies can co-exist peaceful if our government don't get too greedy, citizens who wanna accept fiat payment for their goods and services can do while those who wanna accept cryptocurrency payment for their goods and services can do, and those who wanna accept both can also do, it's a free world(even though it's not entirely free) and we should be allowed to sometimes make our individual choices and not the government imposing their personal choices on thier citizens.

[sulendra12]

Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

It's still far from acceptable to people going full cryptocurrency in current year. Yes, you can buy stuff from bigger merchants, but you can't use your cryptocurrency to buy stuff on smaller shop in your place. In here,  there are lot of smaller shops that I usually buy the stuff from it and it doesn't accept cryptocurrency, having people to accept cryptocurrency as their payment method takes lot of time and they need to learn first about it.

[alik111]

I also agree with you.In future almost everyone will leave fiat currency and will be used to use digital currency like Crypto.
But to be dependent on crypto properly it has to be more popular and more secured.

[glendall]

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

hey man, you are ready but the world is not, because fiat is the currency of one country and makes the country's trademark, so it's enough for individuals who use crypto, not the world.

[LUCKMCFLY]

Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

It's still far from acceptable to people going full cryptocurrency in current year. Yes, you can buy stuff from bigger merchants, but you can't use your cryptocurrency to buy stuff on smaller shop in your place. In here,  there are lot of smaller shops that I usually buy the stuff from it and it doesn't accept cryptocurrency, having people to accept cryptocurrency as their payment method takes lot of time and they need to learn first about it.

I wish I could be close to a development like that, but I don't understand which country already has that capacity? is it Dubai? because where I live not even people know about BTC, some have heard of it but are afraid of it, they say that money through digital currencies is used to steal money from people, things like that sometimes I have had to hear, however in developed countries all this changes, and it is seen in different ways, I think that is the style of world that we need, and unfortunately some people are not able to see things as they are, but in a bad way and do not let them advance.

[bitcrystal]

I wish it was easy the way you said it. The world first needs to adopt it generally to make it easy and we can't force that. They have to see the need for it, advantages and then couple along with it. One way or the other it wil still happen but its not so easy. Many people are not even aware of bitcoin yet, and they are people who we need to deal with when we go outside to order things.

[KennyR]

For now it is too early to think about leaving fiat currency and go all into cryptocurrency. If we talk about the real time usage of cryptocurrencies, we haven't got much. With fiat currency, people have more ways of access and make transactions. People make transactions without paying any fee, with cryptocurrency this isn't possible. So, people will get adopted to cryptocurrency usage, but for the same getting into cryptocurrency leaving fiat won't happen.

[jaberwock]

I wish it was easy the way you said it. The world first needs to adopt it generally to make it easy and we can't force that. They have to see the need for it, advantages and then couple along with it. One way or the other it wil still happen but its not so easy. Many people are not even aware of bitcoin yet, and they are people who we need to deal with when we go outside to order things.

It is not easy if you have been a long time user of fiat even by the time crypto came out. Not totally the world that needs to adopt it but a country is enough. Have you heard what happened to El Salvador? They made crypto as a legal tender and people on that country can now use crypto and not use fiat at all if they wanted to.

There are still people that uses a fiat on that country but there's no need to force them if that's what they like. I don't think those people are not aware that bitcoin exist, are they living in the cave to not see what's happening around them? it's only not easy at the start but once they tried it and stick on it, they will say that crypto is much better to use than fiats.