Topic: 99% of the people still think that fiat money are better than crypto - page 16. (Read 3281 times)
January 30, 2018, 07:08:32 PM
Why people doubt bitcoin? well because they have not yet been fully know about bitcoin, the beginning of her I also do not believe in bitcoin but after studying more in again about bitcoin, I started to turn to a world crypto.
January 30, 2018, 06:55:39 PM
Your friend have a point somehow but don't he even think that fiat money inside our pockets could be steal by anyone while bitcoins or other crypto can only be steal by the elite one (which are the hackers). Well, I understand if your friend, or the 99℅ of population, still choose fiat money over cryptocurrency simply because this is the conventional form of money that everyone know and maybe because they don't have deep understanding on the blockchain technology.
We can't blame them if they refuse to believe in crypto, it's their choice and we don't have the right to control it. I think the right thing we should do is to make them realized that crypto is also beneficial in its own way. Let's show them the convenience we get from it nd prove that this is not harmful for us, through this we can convince them to believe on it and also engage with it.
We can't blame them if they refuse to believe in crypto, it's their choice and we don't have the right to control it. I think the right thing we should do is to make them realized that crypto is also beneficial in its own way. Let's show them the convenience we get from it nd prove that this is not harmful for us, through this we can convince them to believe on it and also engage with it.
January 30, 2018, 05:31:04 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?
I think it is natural for people to think that way, because it is difficult for them to trust in something they do not know. In fact I did not trust cryptocurrencies at first, and it took two long years before I got fully involved in this matter.
January 30, 2018, 04:41:24 PM
Thats becouse the 99% dont understand the blockchain...
January 30, 2018, 04:32:58 PM
Considering the fact how many people have access to computers and the Internet in the world and can read, most of them have nothing to do with trading or innovative financial technologies. Most of them, especially ages 40+ (not always, but in the rule) have just accustomed to using credit cards and on-line bank accounts. And you're wondering why still the majority accepts only fiat money.
Thats true, this is not unusual as they cant totally trust the trend around the internet and cryptocurrency are one of them. They prefer to use the traditional fiat money rather than the virtual currency that is not well-established for them. It depends on the understanding of a person in this blockchain technology. January 30, 2018, 04:20:00 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?
With a bunch of dollars in your pocket you still have to meet somebody in order to get something. That person will probably see your face and the anonymity is gone again. With cryptocurrencies that problem is solved."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?
Another reason why most people stay with fiat: because most people stay with fiat! Humans are pack animals. And the average pack animal does not want to draw any attention. It does what most others do.
January 30, 2018, 03:57:23 PM
Considering the fact how many people have access to computers and the Internet in the world and can read, most of them have nothing to do with trading or innovative financial technologies. Most of them, especially ages 40+ (not always, but in the rule) have just accustomed to using credit cards and on-line bank accounts. And you're wondering why still the majority accepts only fiat money.
January 30, 2018, 01:58:39 PM
So out of 100 people that you asked, only 1 agreed with you? That's sad. A lot of my friends are now investing in crypto. Currently, fiat money is still the best way to transact everyday. The advantage if bitcoin is that your money can grow faster if you use it as an investment. Fiat and Bitcoin go hand in hand.
That is the sad truth, fiat is still the best way to do transaction because it is an instant way of doing transaction especially if you are doing meetup transactions and it is also cheap in fees because you will be paying lower fees or even 0 fee to complete a transaction so i think that the cryptocurrencies are just better in terms of being an investment. January 30, 2018, 09:25:50 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?
If humanity will always venture into unstable projects, our survival would be affected. When it is more stable many more people will venture
January 30, 2018, 09:23:13 AM
So out of 100 people that you asked, only 1 agreed with you? That's sad. A lot of my friends are now investing in crypto. Currently, fiat money is still the best way to transact everyday. The advantage if bitcoin is that your money can grow faster if you use it as an investment. Fiat and Bitcoin go hand in hand.
That is the sad truth, fiat is still the best way to do transaction because it is an instant way of doing transaction especially if you are doing meetup transactions and it is also cheap in fees because you will be paying lower fees or even 0 fee to complete a transaction so i think that the cryptocurrencies are just better in terms of being an investment.Honestly, i don't believe that only 1% believes in crypto. Especially after the bitcoin run where it made the mainstream news. Of course the numbers still would be considerably less than those who believe in fiat but i'm sure our number grows every day.
January 30, 2018, 05:45:43 AM
So out of 100 people that you asked, only 1 agreed with you? That's sad. A lot of my friends are now investing in crypto. Currently, fiat money is still the best way to transact everyday. The advantage if bitcoin is that your money can grow faster if you use it as an investment. Fiat and Bitcoin go hand in hand.
That is the sad truth, fiat is still the best way to do transaction because it is an instant way of doing transaction especially if you are doing meetup transactions and it is also cheap in fees because you will be paying lower fees or even 0 fee to complete a transaction so i think that the cryptocurrencies are just better in terms of being an investment. January 30, 2018, 04:48:05 AM
He is not wrong either. I'm into crypto since very long time but I hate the thing that crypto currencies are not making any truthful growth with their technology. What we did until now is just using them to trade, invest heavily, use them to pump dump the market and earn profits via such illegal ways and that's all. That is the actual identity of the crypot currency now and we can not do a thing about it unless and until the Devs of crypto do something.
Why do you think government are getting against the bitocin and whole crypto ? It's just because they want to see cleanliness in the use of fiat and don't want to give it any characters that are being held by crypto.
Why do you think government are getting against the bitocin and whole crypto ? It's just because they want to see cleanliness in the use of fiat and don't want to give it any characters that are being held by crypto.
January 30, 2018, 04:23:41 AM
So out of 100 people that you asked, only 1 agreed with you? That's sad. A lot of my friends are now investing in crypto. Currently, fiat money is still the best way to transact everyday. The advantage if bitcoin is that your money can grow faster if you use it as an investment. Fiat and Bitcoin go hand in hand.
January 30, 2018, 04:07:02 AM
You are right. Because fiat money is the thing that they spend everyday or used alike.
They have no idea about crypto and what its value?
They have no idea about crypto and what its value?
January 30, 2018, 01:43:28 AM
Many disadvantages of bitcoin compared with fiat money, for example are the price is too volatile, the dependence on the internet until the time of very long confirmation, can be imagined if everyone uses bitcoin then the transaction queue can reach thousands of miles
January 30, 2018, 12:58:48 AM
As a matter of fact it depends on the individual choice to me I prefer bitcoin to faint paper money due to the fact that bitcoin give me the total freedom over my money and Doe's not need any third party involvement before I carry out any transaction and bitcoin transactions can be carried out any time any where, which is not so with the dollars and the rest of the government controlled currencies which does not give us total freedom to do transactions at our convenient.
January 30, 2018, 12:18:49 AM
I think they think like that because they do not know how to use cryptocurrency, so they think it's easier to use fiat money, in fact I also consider it easier to use fiat money because I never tried to pay with crypto money. Regardless of the flaws and advantages of both currencies, probably not knowing how bitcoin works is one of the reasons why 99% of people still consider fiat money better than crypto.
January 30, 2018, 12:10:54 AM
Just 99% I would say the number would be like 99.99% people still consider fiat money over cryptocurrency because there's q reason. The reason is still many places do not accept cryptocurrency as payments, many governments don't accept bitcoin to be legal method of transaction so people are just left with fiat money to buy their stuff so at this current date fiat is still more convenient than cryptocurrency.
January 29, 2018, 11:44:08 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?
it was just an issue on bitcoin anonymity, not the bitcoin value itself. what your friend's pointing is the practicality of fiat versus bitcoin. it is true that cash on pockets are easy to spend than bitcoin, because bitcoin is not yet being accepted by many stores. anonymity of bitcoin i think in terms of identifying its user or holder is untraceable, not unless you put in exchange sites, that anonymity diminished, maybe the process of exchange breaks the anonymity of bitcoin, once you convert it to cash and spend it or buying stuff from the internet where you put your address where it will be delivered. try to buy a car in the internet using bitcoin then show it to your friend, maybe he will believe in bitcoin's value and use. it is a virtual money intended for virtual buying.
January 29, 2018, 09:46:00 PM
There's a saying in my country that goes like this "what's in your hand it's not a lie" so fiat is still better because is more traditional, it's more accepted, you can see it and hold it in your hand when ever you want. Maybe when cryptos atm will be world wide spread ppl will fell more open to crypto
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