Topic: 99% of the people still think that fiat money are better than crypto - page 8. (Read 3282 times)
March 21, 2018, 02:03:34 PM
can be people do not want to invest and do not want to receive bitcoin because they are less knowledge about bitcoin. they feel it's unbelievable, actually if they want to bet and try their fate here, I'm sure this bitcoin is a great opportunity to make money.
March 21, 2018, 01:37:32 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?
Bitcoins and fiat are convenient in a different way because they are useful on physically and virtually depending on your needs. Bitcoin is also good for a long term investment because the price in the market is increasing depending on the amount of people who are investing in the market that makes the volume of an exchanger increase.
March 21, 2018, 01:33:41 PM
At this moment, i think they are right, fiat money are better than crypto and are still way to volatile for everyone to keep their money their, wonder if someone had saved money in crypto late 2017 meant for it's purpose right now, would be bad for them, in a long term crypto shall win but fiat is currently better for inexperienced people to save their money
I agree with you, still we cannot blame people if they are going to prefer and still choose fiat over bitcoin as bitcoin is almost widely acceptable now in some countries but still they don't want this bitcoin as a replacement to fiat. March 21, 2018, 01:26:49 PM
At this moment, i think they are right, fiat money are better than crypto and are still way to volatile for everyone to keep their money their, wonder if someone had saved money in crypto late 2017 meant for it's purpose right now, would be bad for them, in a long term crypto shall win but fiat is currently better for inexperienced people to save their money
March 21, 2018, 12:37:22 PM
I think people are just used to Fiat money. And when around cryptocurrencies such misinformation on mass media, they simply are afraid even to get into this subject. But you know, it's like a cell phone for some old people. And those who believe and see the benefits of cryptocurrencies, immerse the world in this topic. It just takes time. The world is a big machine.
March 21, 2018, 12:19:57 PM
I'd say just give it time; comparing from the past years there had been a huge jump on individuals having knowledge regarding bitcoin. we are all used to using fiat and tangible money for our daily transactions but as soon as more and more people get versed about the benefits of cryptocurrencies I do think in the next years or so using Bitcoin would be just as common and accepted as fiat money is now.
Yes, people just need more time to implement the crypto currency into their lives and benefit. Now people still doubt that in many countries it is not accepted
March 07, 2018, 01:40:14 PM
With so many bad news, governments and banks warning against cryptocurrencies, people think that this is something bad. Most people do not have basic knowledge about it, so they are afraid of cryptocurrencies.
March 07, 2018, 01:19:29 PM
someone who thinks fiat money is better than bitcoin is because they have never made a transaction using bitcoin directly, because if imagined, using fiat money is easier than using bitcoin, whereas using bitcoin will be easier because it can be done online, but if we do transactions using bitcoins, we should always be connected to the internet.
Yes, I will totally agree to this argument and the reason is also this that the people here do not have access to the facilities that are related to the crypto currency. A survey in 2016 reported that there are almost more than 4 billion people on the planet who either do not have the access to the internet or they do not know how to get the things done via using internet. Now this is more than half of the world’s population which has no idea about internet, so with the passage of time the realization will increase and people will get more familiar with the things as compared to the past. 
March 07, 2018, 06:01:14 AM
someone who thinks fiat money is better than bitcoin is because they have never made a transaction using bitcoin directly, because if imagined, using fiat money is easier than using bitcoin, whereas using bitcoin will be easier because it can be done online, but if we do transactions using bitcoins, we should always be connected to the internet.
March 07, 2018, 02:34:47 AM
Exactly true there are few peoples who knows crypto its not really popular to anyone,if they let this ctypto money publish in tv's or do some advertisement well definitely it be noticed to anyone.,everyone us considered as legal or they will find ways if only our governments and banks will support on this,.
Government and banks have their strong reservations on the crypto currency and those are understandable. Governments do not want the people to go for the crypto currency because of the fear of money laundering and the taxations issues being faced by them. Banking sectors have the clash with them because the banks rely mostly on the money of their customers and bitcoin is totally against it and it is anti banking system. So far the popularity which bitcoin has in the world is because of this technology, transparency and opportunities to get more profits on your savings.
March 06, 2018, 02:54:01 PM
Given the current low penetration of cryptocurrencies in the formal economy and the still low acceptance and knowledge of the masses regarding cryptocurrencies, there is no doubt that at this time there are still greater advantages in the use of fiat money for those who do not require the use of of internet or excessive privacy when carrying out their daily activities. Unfortunately we must admit that at this precise moment the use of cryptocurrencies seems to be rather restricted to a very small sector of potential users.
March 06, 2018, 02:48:28 PM
lack of public knowledge on bitcoin, they feel alien to the word bitcoin. it is what brings the bitcoin dampat rejected by society. they prefer to transact with fiat, because they have used it since the first.
March 06, 2018, 02:39:08 PM
My take on this is, I really love Bitcoin and I think it is awesome but I don't think it can replace fiat money ever. I think that is why most people still thinks that way because, cryptos are not legalize in all countries yet, there are a lot of bad news about cryptos, and it is dependent on internet for you to be able to use it. It cannot be used for our daily needs and purchases. But i think it is here as an additional option but not to totally eliminate fiat, so for me it can co-exist. More options for the people the better.
March 06, 2018, 02:21:59 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?
Cash is right now more anonymous then any cryptocurrency yes, but the way we are trending cryptocurrencies will soon be more anonymous than any other form of payment on this planet. The trade off with fiat is that inflation destroys the money you own, whereas most cryptocurrencies have a finite supply and if not are controlled by the community not a third party organization who serves their own self-interest. If the community wants inflation they will have it, if not they will do another model. Because the community decides how the future is, that is one integral difference from government money vs crypto money. "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?
March 06, 2018, 12:18:54 PM
very difficult to convince others, about bitcoin.
my family does not believe in bitcoin, and consider bitcoin as a ponzi scheme,One day after I succeeded with bitcoin, i will show them what is bitcoin
my family does not believe in bitcoin, and consider bitcoin as a ponzi scheme,One day after I succeeded with bitcoin, i will show them what is bitcoin
March 06, 2018, 10:22:16 AM
He is right about cryptocurrencies being not totally anonymous though. But who cares if a lot of people still doesn't want to use bitcoin. You can't force everyone to just hop in in what they don't understand. Besides, bitcoin was not made to fully replace fiat currency, it is an alternative. I think fiat and crypto could and should coexist with each other. There are things that we need to let the government control.
I agree with your idea. Bitcoin cannot replace fiat money as of today. Fiat currency is still very useful especially in our daily transactions. But when it comes to transactions that deals with bigger amount, it is better to use bitcoin. Therefore, we could use both fiat and bitcoin. Well though it's not that difficult to understand bitcoin, people would still be suspicious since it's way too different from what they're used to. And it's our nature to stick to what we know and understand rather than step into the unknown. Though we're pretty much on our way to knowing about bitcoin and crypto now.
March 06, 2018, 04:09:39 AM
We can never force them to believe us, about bitcoin it, goodness,useful convenient, advantage and uniqueness of it, they're still afraid to try, give them ample time to sort things by themselves, to discover it, and if they still choose fiat more than bitcoin its their choice, its their decision, they're just being careful about it and scrutinize everything, observe all things and we can't blame them.. who would not be? its not easy to believe it nor to accept these things.
March 06, 2018, 03:56:34 AM
I think the reason behind it, is that people who are earning money are more acquainted with using fiat, since that is what they were born in to and what has has been taught to them or what has been conditioned to them that only fiat is money, but to those who do more research and knows akt about technology and investing, the answer is deifferent, we do not need to rely on fiat, since we can use crypto for our transactions, both are the same, but crypto is much better in manh ways. Unfortunately, only a few percentage knows about the technology of crypto and investing, compared to the those who were trained into using fiat.
March 06, 2018, 03:21:59 AM
Exactly true there are few peoples who knows crypto its not really popular to anyone,if they let this ctypto money publish in tv's or do some advertisement well definitely it be noticed to anyone.,everyone us considered as legal or they will find ways if only our governments and banks will support on this,.
March 06, 2018, 03:06:05 AM
All things considered, we are in our current reality where in cryptographic money isn't yet completely welcome everywhere throughout the world particularly Central banks that they know the cost of digital forms of money can be controlled by enormous whales, yet at the same time because of the strength of bitcoin many individuals are getting intrigued by it because of the way that one day it could be a million dollar worth.
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