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Topic: 99% of the people still think that fiat money are better than crypto - page 20. (Read 3281 times)

full member
Activity: 392
Merit: 100
Fiat and crypto are distinct from each other and cash's advantage over bitcoin is that you can do any transaction easily anytime soon since it is offline. Moreover, there is also no processing fee or any charges when you transact using cash.
But on top of that, cash has always been the currency used by people from a very long time before bitcoin has arrived.
legendary
Activity: 3010
Merit: 1028
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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. Grin"
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?

Of course fiat are still good than crypto currency because you can use it on your daily expenses.
Right now you can't use crypto currency on most of your daily expenses and it may only be
considered as an asset that you can keep for future needs.
You must remember one important things, Cryptocurrencies debit card is already available to solve the problem of spending in real life, it's as convenient as the way you use debit cards issued by your local banks.
But, in order to make cryptocurrencies more spendable and more practical to be used, they enable the card's loading with many cryptocurrencies thus spending IRL will not going to be a problem anymore.
full member
Activity: 220
Merit: 100
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. Grin"
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?

Of course fiat are still good than crypto currency because you can use it on your daily expenses.
Right now you can't use crypto currency on most of your daily expenses and it may only be
considered as an asset that you can keep for future needs.
hero member
Activity: 1680
Merit: 655
Not all people want or has any usage to Bitcoin being an anonymous currency and all of you wonder why almost all people still prefer Bitcoin in their daily lives. When you look at it in a practical and more sensible way using Fiat currency or even things linked to it like credit and debit cards are the way to go as it is more accepted and also will not make you incur any additional fees as there is no such thing as transaction fees every time you will send payment.
hero member
Activity: 1680
Merit: 505
World is going to move whole transactions, shopings, orders and whole life to internet so why anyone could think that fiat money is better? Crypto are future, that's all.
sr. member
Activity: 532
Merit: 250
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I wouldn't say 99% but I do firmly believe that there is still a vast majority of our population that does think FIAT money is better than Bitcoin. Not because they know that it's better but because they think it's better. They use these stupid sayings like if I can't feel it in my hand it's not money, or FIAT has always been around and it's backed by gold. Oh boy, their day will come.
newbie
Activity: 33
Merit: 0
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. Grin"
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?

maybe because of the norms that the society only accept as payment method is fiat money. and when another kind of monetary system come up we will just ignore it at first because we dont want change.. but when bitcoin created many people dont know its potential and when years passed people curious about bitcoin and now plenty people investing on it because of its security and not manipulated by any kind of government entity or country. because of the blockchain technology behind it people accept bitcoin now as a payment method store value of money. the growth of bitcoin in the span of 1 year is so huge.
sr. member
Activity: 364
Merit: 256
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. Grin"
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?

Yes its true. Because in my point of view bitcoin and the other cryptocurrencies are useless without fiat. Fiat is still more convenient to use than the digital crypto. Besides, cryptocurrencies are not still legal to use like buying stuff. But if they the government let this happen I think digital crypto will be more convenient that fiat.
full member
Activity: 854
Merit: 108
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. Grin"
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?

This is the reality that bitcoin will not exist without the power of fiat in which dollar is the center of everything between the digital currencies and the fiat currencies. We shall accept the fact that bitcoin is just for investment or asset that we want more bitcoin so that we could earn and keep many dollars in the end for our future use. Still i believed that in the near future bitcoin will be acknowledge worldwide as a currency to be use for cashless transactions.
sr. member
Activity: 402
Merit: 250
It didn't surprise me. We all know that in order to spend bitcoins, we need to exchange them for Fiat. It turns out that he supports bitcoin official currency. People who are not familiar with cryptocurrencies don't understand what the point is. It seems to me that only trade can show people that bitcoin is better than Fiat.
Definitely, for a lay person who don’t know about bitcoin or any cryptocurrency then how can you expect from him that he is talking about betterment of bitcoin. Fiat is being used all over the world while crypto is restricted to some special areas. And wherever bitcoins are using they must be converted to fiat for use in daily life so surely people will think fiat is better than bitcoin.
as much as i agree to both of you. there is nothing surprising about that, in fact it is the most common way to buy goods in real life, not unless you buy goods online then its obvious you have to use digital currencies, and most of those merchants accepts bitcoin as a method of payment.
newbie
Activity: 29
Merit: 0
Yes if they don't have to deal with cross border money transfer or inflation. If you take fiat to West Union and send it cross border, the fee could be as high as 20% in the worst case. In the countries with a high inflation, it is the poors who pick the tab. I definitely agree that education is a key. We got to understand our financial rights which is often violated in the fine prints.
full member
Activity: 455
Merit: 102
not sure if it was approximately 99% of people but as far as i know, there are a bit plenty of them. the reason maybe is that they are scared to bitcoin's capability, issues, or just simply they do not know what is it, or maybe they knew but they just ignore it.
You are right it is not sure because a lot of the people are here who are nor even aware of the bitcoin and they are surprise to see the people using the bitcoin and earning the money I am very sure about the bitcoin price and the value and with the time we will see how fast the bitcoin price will get high and it will give all the people the real value and the income so they just need the proper guide line.
sr. member
Activity: 1162
Merit: 260
Yes it is true,  only 1% people know about crypto currencies. 99% people think fiat money is better than online currencies because digital currency needs internet. But in the world there are so many area where people are not in range internet. That's why They don't like online currencies.
If that's the only problem, then this one could be solved in the future, maybe 2020 while the coverage of an internet already expanding so much but actually people often pesimistic with bitcoin.
the decentralized nature making them things that it's not safe because it's basically not created or reserved by the government of nowhere. We should change that way of thinking to a more tech advanced point of view.
legendary
Activity: 1148
Merit: 1006
Black Panther
It's reasonable because bitcoin is not truly fiat , it's just alternate currency. Bitcoin also have their own risk and advantage so most government must think twice before try to legalize bitcoin as legal transaction.
Some people may think bitcoin is revolutionary currency because fast and anonymous transaction but fiat still consider as reliable currency
full member
Activity: 380
Merit: 100
Earn crypto moneys, change at exchange site, and see your bank account. I think fiat is better too
full member
Activity: 322
Merit: 102
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. Grin"
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?
Well I think it is valid for a person to still think that fiat money are better than crytocurrency like bitcoin. Probably many of the people they know are not using bitcoin yet and haven't prove anything that bitcoin is useful for today's economy and consumption. It will be a lot helpful if people who use bitcoin will start to create awareness of it and how bitcoin can make an impact to our economy and on an individuals life.
legendary
Activity: 1330
Merit: 1019
It didn't surprise me. We all know that in order to spend bitcoins, we need to exchange them for Fiat. It turns out that he supports bitcoin official currency. People who are not familiar with cryptocurrencies don't understand what the point is. It seems to me that only trade can show people that bitcoin is better than Fiat.
Definitely, for a lay person who don’t know about bitcoin or any cryptocurrency then how can you expect from him that he is talking about betterment of bitcoin. Fiat is being used all over the world while crypto is restricted to some special areas. And wherever bitcoins are using they must be converted to fiat for use in daily life so surely people will think fiat is better than bitcoin.
sr. member
Activity: 812
Merit: 262
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. Grin"
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?
Only few people in the world have an idea about bitcoin thats why most of us think that fiat money is better than cryptocurrency. If all of us will be educated about bitcoin, i think more people will realize how bitcoin can help them change their lives. But there are also some people who realized that fiat money is better than bitcoin because of the bad experiences they have in cryptocurrencies. Maybe they lost a lot of money or they didnt become successful.
legendary
Activity: 1666
Merit: 1001
For now it is convenient to use Fiat because the shop that accepting Bitcoin still not too many, but once it being adapted your friends will change their mind, Bitcoin can be used globally and it is decentralized, no party is controlling the value, so the value can reach very high and it is a good investment
full member
Activity: 476
Merit: 101
Most of the times people who are lack of knowledge or not well inform are also no courage to explore what is new, what is more satisfying, and what is more efficient.

That's why they thinking fiat are better than crypto currencies, they can bring their fiat anywhere in their country, and may buy something instantly.
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