Topic: Alt coins vs. fiat currency - page 5. (Read 607 times)
Cryptocurrency is just new digital currency and many people dont know how to use it, and they dont understand how does it work. I think fiat currency still dominate in 2019, and still hard for crypto to replace it. Just for example in my village, they only believe with fiat than digital money, because they think digital money can be fraud.
2019 the year of Battle between cryptocurrencies and Fiat Currencies.
Who is the winner?
1) The crypto currency is based on the system called blockchain unlike fiat
2) Fiat currency is different for different countries unlike
This is a vague question because some fiat currencies are more stable than others, and the same is true of cryptocurrencies. I don't know if the bear market in cryptocurrencies will end this year, but if it does it's fair to say altcoins as a group will outperform.
i believe in solutions and not duration. the number of years a particular thing has stayed is in no way a measure of success. the solutions proffered to challenges is what the world in entirety has decided to look towards since it is more beneficial to them. i believe the crypto currency world has much results than the fiat so i prefer crypto.
Compared to fiat, cryptanalysis is more risky and difficult to use than fiat, and I think money can never replace fiat money as many people think.
For me Fiat currency. Fiat currency is currency which only has value through legal declaration. It does not have a promise from its creator of exchangability into some commodity of real value,example:- Gold ,Silver etc. Fiat currency are basically the Dollars, Euros, Pounds etc. that you spend. They are also known as the paper money.
Fiat will be favourite for a long time i think. It'll probably take at least 5 years before alt coins will be favourite. Or they will be used together.
I do not think that 2019 will be a year of struggle between Fiat currency and cryptocurrencies, as cryptocurrencies compared to Fiat money are still too weak and do not enjoy such strong demand that we can talk about the struggle.
There will be no winner and we will have both in the stores getting used especially when TENX and MONACO and others get banking licenses and start delivering cards to whole community.Only good thing are coming.Cant wait
How about we summarize what is happening in our own countries?
Examples.
Riding a bus. You still pay fiat.
Groceries. They either accept debit or credit card and fiat.
Department stores. Credit, debit or cash.
Other small stores. Fiat only.
Who wins? Isn't it obvious? I cannot even see one single store yet that will accept it. I know soon it will but not 2019.
Examples.
Riding a bus. You still pay fiat.
Groceries. They either accept debit or credit card and fiat.
Department stores. Credit, debit or cash.
Other small stores. Fiat only.
Who wins? Isn't it obvious? I cannot even see one single store yet that will accept it. I know soon it will but not 2019.
Altcoins may give fiat a though competition but fiat currency will also be the first choice of most people due to its stability. Most people keep the money in fiat and only convert to altcoins when necessary so in a way too both currencies need to coexist and its up to we the users to tolerate both.
For me i think the both of them are necessary and they won't compete with other, In the end fiat will still rule because no matter the amount of crypto you might have, you still need to convert it to fiat and if you want to invest, you invest with fiat.
I think all possibilities can happen, because we never know what future will come and last. Many things are unexpected but happen at the end of this time. Whatever the winner is either crypto or fiat we have to do is create a balance between crypto and fiat currency. Because crypto or fiat is equally important.
There's no point in comparing both of these thing. Altcoin and fiat goes hand in hand, without the other, you can't fully utilize the other. Let's say you don't have fiat, well you can't buy altcoins therefore you can't use it. And if you don't have altcoins, there's nothing for you to do with fiat except for daily expenses.
Alt coins are gradually increasing its popularity among its people due to its benefits. However, fiat currency is imporatnt all over the world as in many places people can hardly use internet.
2019 the year of Battle between cryptocurrencies and Fiat Currencies.
Who is the winner?
The cryptocurrency is still not that popular that we can compare it with the FIAT. We still are dependent on traditional currency for various purposes and crypto is not accepted in many countries too. So, it is obvious that Fiat will win.
Obviously, Fiat wins. Altcoins will take a lot of time to get into the society into the people but on the other hand, we see that even bitcoin is not even in the society and is not used by everyone but fiat is being used by everyone whether s/he is an educated person or a un-educated person. So, Fiat wins until or unless altcoins or bitcoin take over totally.
In this case i think fiat currency would be the winner for next 20 years. Fiat currency is very important. there are many places where people don't even have internet connection and struggling for their life. For them, alt coin would be highly expensive to deal with. However, in many countries the popularity of altcoin has increased and it is increasing day by day. So, I think both are need for our future.
fiat currency is inpeortant, but i think that if toy are connected really tight to the cryptocurrency world, you will say otherwise 2019 the year of Battle between cryptocurrencies and Fiat Currencies.
Who is the winner?
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