Topic: 99% of the people still think that fiat money are better than crypto - page 15. (Read 3282 times)
February 02, 2018, 02:12:25 AM
That's why 1% of the wealthy make up 99% of the world's wealth. Poor people often do not want and find things that can help them become richer and they accept it. While the rich are always looking for new ways of investing and modeling to generate profits for their assets. I hope that more people will know the cryptocurrency to change their lives in a better direction.
February 02, 2018, 02:10:27 AM
This is due to the lack of knowledge about finance. And people prefer fiat money because the government has not facilitated the exchange so it will be difficult and complicated to use. Maybe after the run of time more advanced government and facilities adequate. Crypto chances will be more in use in the appeal of fiat money.
February 02, 2018, 02:05:37 AM
bitcoin can be perceived as a tool for earning fiat
February 02, 2018, 01:55:58 AM
I personally for personal reason like that so many people still don't take it serious. I want to collect as much as I can before they do.
People don’t trust this virtual money. And the reason is simple because they don’t see this. This is psychology of humans that all those things that physical and people can sense them and see them, they believe in them. And those who are just intangible, they don’t want to know about them. They found them useless and worthless for the reason that this is some imaginations, reality is totally against them. February 01, 2018, 06:52:21 PM
Yeah, maybe in some cases fiat is better. For example, in my country, I can not use crypto currency as ordinary money. This is an investment and a great source of income for me, but not ordinary money that I can use in restaurants or stores.
That is the reason why majority of the people around the world preferred fiat over bitcoin because of its availability and convenience to use without the need of internet. Bitcoin and other cryptocurrencies need internet if you want use it in any transactions and that transactions can only happen when you are online. Many people are not yet crypto literate or still don't know how to use cryptocurrencies and it will take time before they can able to use it.
February 01, 2018, 04:21:44 PM
Yeah, maybe in some cases fiat is better. For example, in my country, I can not use crypto currency as ordinary money. This is an investment and a great source of income for me, but not ordinary money that I can use in restaurants or stores.
February 01, 2018, 03:50:17 PM
Thats becouse the 99% dont understand the blockchain...
But you must also agree that those, who deal with cryptocurrency and use blockchain for work, business or other purposes, will never refuse from using fiat money. I still get my salary in fiat, and I doubt that if I were offered to get it in crypto, I’d agree.
February 01, 2018, 02:18:18 PM
I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money.
"
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money.
"Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?
To be honest that is true , but there is advantages and disadvantages of it. Through fiat it is centrelized instead on bitcoin is decentrelized. As you can see many people neglect and having a doubt to bitcoin because it uses for some illegal stuffs , and by the lack of knowledge people critize bitcoin. And my opinion one of the main advantage of bitcoin is it is annonymous.
February 01, 2018, 11:59:29 AM
I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money."
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money.
"Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?
To be honest that is true , but there is advantages and disadvantages of it. Through fiat it is centrelized instead on bitcoin is decentrelized. As you can see many people neglect and having a doubt to bitcoin because it uses for some illegal stuffs , and by the lack of knowledge people critize bitcoin. And my opinion one of the main advantage of bitcoin is it is annonymous.
February 01, 2018, 10:44:48 AM
people already trust fiat as their payment tool because fiat had more stable rather than cryptocurrencies even admitted or not some of us still use fiat even though we have bitcoin but we still use it constantly than bitcoin for our daily life but currently gradually people has more trust to have and use bitcoin and it's evidenced by the development of cryptocurrencies rapidly
February 01, 2018, 08:30:47 AM
I was talking with a friend of mine about cryptocurrencies and he said:
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money."
Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?
"Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money.
"Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions?
Which is somehow true, you can't teach the value of bitcoin to other people just let them learn about it by their own.
Your friend is right and besides how will he say that bitcoin has a value if it doesn't have that much of a use now a days.
Once the time comes that bitcoin is widely use then it will be more convenient to use it than fiat currency.
February 01, 2018, 08:15:07 AM
The most frequent error is to ensure that cryptocurrencies are anonymous. It is true that the operation and concept of the blockchain technology lends itself to asserting that its participating transactions and identities are anonymous, but the truth is that the vast majority of cryptoactive projects are pseudo-anonymous. By this we mean that all information about the processes of a blockchain are visible through browsers designed for this purpose.
February 01, 2018, 01:09:14 AM
I am not sure that on which analysis you are taking that 99% people still in favor of fiat money. But yea i am sure that more then 60% are still in favor of fiat due to some reasons like still large population of the world are not knowing about crypto because cypto is still new in market and it will take more time to advertise itself like fiat money while also using of fiat money is some technical like there is involving of internet due to which more uneducated or backward people have no internet access or they are not able that how to use internet.
February 01, 2018, 01:05:05 AM
Fiat money is used for centuries in many forms. Bitcoin is something that will create in time something new. We will use something like that in future, we saw in many SF movies that there are many form of money represent in future. Fiat money is something that most of people think is good and it fell good when they have it and many see bitcoin as something to invest not to use for buy/sell. Perhaps we will see in some time that this will change but for every major improvement takes time.
That's what it is Sci Fi Movies, which means the possibility of it existing in the real world is slim, looking at how we will go back to the barter system based on the latest sci fi movies seems to me a little bit unreal, the same can be said about virtual currencies which even though they exist virtually it still has value as of today. The problem here is why will we replace Fiat Currency even though it is still not a broken system? I don't even know why we are wanting the feature of anonymity? As if we are all hiding some dark secret to our own government. If we are really striving for a world were virtual currencies dominate I think it is the wrong time for Bitcoin to be King as currently there are better coins out there in terms of transaction speed and network fees, it is surely hurting the future were we want a good payment alternative outside of Fiat currency. 
February 01, 2018, 12:41:21 AM
I personally for personal reason like that so many people still don't take it serious. I want to collect as much as I can before they do.
One of the biggest hurdle which is causing this much of negativity of the bitcoin and other digital currencies in the world is the lack of knowledge and awareness amongst the people. They have least knowledge regarding all the crypto currencies and they are unable to understand the real worth of crypto coins. This is the reason that majority of the population still thinks of paper money as more continent money.
January 31, 2018, 03:13:42 AM
Fiat money can be used in all places in a country, bitcoin cant be used everywhere, that is the one that making fiat money more efficient, but if you want to do transaction to another country then the best way without converting is through crypto, crypto offered a new way of payment and it is so easy to used, if bitcoin can be spend everywhere I think people will used crypto for payment
Fiat is better than cryptocurrency, it is the real money we make use of, and is widely accepted, not just everywhere, but by everyone. They can be used offline and online, and you can use them to buy whatever you need. When you buy Bitcoin, you make use of fiat, so that means that that is much better. Bitcoin is good, but you can’t compare it with fiat cause it’s an digital asset for the purpose of investment. 
January 31, 2018, 03:07:02 AM
Fiat money is used for centuries in many forms. Bitcoin is something that will create in time something new. We will use something like that in future, we saw in many SF movies that there are many form of money represent in future. Fiat money is something that most of people think is good and it fell good when they have it and many see bitcoin as something to invest not to use for buy/sell. Perhaps we will see in some time that this will change but for every major improvement takes time.
January 30, 2018, 11:05:45 PM
It's predictable at the moment. I think most of these people don't know much about cryptocurrency. This percentage will decrease when more and more people will find out and, most importantly, LEARN about Bitcoin.
We had to admit that majority thinks that fiat are better than crypto maybe because for them fiat is more convinient and we can use fiat in everything or we can use anywhere unlike crypto which is limited to use and not widely accepted as fiat. January 30, 2018, 06:49:16 PM
Indeed, it's easier to transact using fiat currency instead of using cryptocurrency, there is no record of the transaction between two people who transact using fiat currency (completely anonymous) unless you transact using the bank system. And the most important thing is, fiat currency is backed by the government, hence the value remains constant even though the value decreases over time due to inflation, but cryptocurrency fluctuates a lot which can cause a huge loss if the price suddenly crashes and fall through the floor.
January 30, 2018, 06:10:39 PM
People who start to believe in bitcoin are getting more day by day and if some people refuse to believe in bitcoin and like to continue with the traditional fiat system, then it seems that they lack fortune to enjoy the benefits of bitcoin.
Only people who have not understood the concept of bitcoin would consider fiat to be better.People who are not educated and don't know to use internet would feel comfortable in sticking to fiat currency.
Also,as there are no services or shops accepting crypto payments and so even if the user has crypto coins,he would have to convert it in to fiat to buy anything.So,they may think that fiat could be the better choice.
Only people who have not understood the concept of bitcoin would consider fiat to be better.People who are not educated and don't know to use internet would feel comfortable in sticking to fiat currency.
Also,as there are no services or shops accepting crypto payments and so even if the user has crypto coins,he would have to convert it in to fiat to buy anything.So,they may think that fiat could be the better choice.
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