Are cryptocurrencies better than regular currency - page 16.

oegarod

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Quote from: jatin729 on October 25, 2017, 08:43:07 PM

See everything has two phases pros and cons.
Crypto is better than regular if it gets centralize. Crypto is more secure than regular because it is virtual currency.
Somebody can't steal it physically,he/she has to steal it technically.
Why crypto is not batter
Because it is totally depend on internet,if internet stops than crypto automatic stop. Regular currency has easy access by all the society's even poverty,middle class and upper class but crypto for those who has Computer or smartphone knowledge.

Both has got its own goodness, so it's up to us to make use of it in the right manner. Digital currency is always better when it's used for large volume transactions as well for growth of our holdings. Here we doesn't have the increased accessibility, whereas with fiat we've increased access but the stable value doesn't give us a big growth.

mx667

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Quote from: Red Fire on October 25, 2017, 09:33:28 PM

Quote from: Crapz23 on June 19, 2017, 01:38:51 PM

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

There are still people who don't use or don't even know what is bitcoin even you say that it is open for all ages, the question is, it is afford by all ages? There is a probability that you will loose your online or offline wallet and it is hard to recover all the money worst you can't take it back unlike on cards you can still remind the banks for the loss of your money. But I didn't say that go for cards not to bitcoin, its just be practical according to your social strata.

Cryptocurrency and ordinary currencies are two very different things. So I think comparing these two things is a hassle. Both have their utility, uniqueness, and superiority.

I'll try to give an example, I personally use Bitcoin just for as an investment tool, nothing more. But I still use ordinary currency as a tool to pay bills and food everyday. I do not use Bitcoin for shopping because Bitcoin prices are always up and down. If I use Bitcoin when the price is going up it will make me lose. I'd better save the Bitcoin and wait for the price to go up.

The problem about anyone who can use Bitcoin, I think everyone can use Bitcoin. Even kids in Junior High School and High School can also use it.

Red Fire

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Quote from: Crapz23 on June 19, 2017, 01:38:51 PM

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

There are still people who don't use or don't even know what is bitcoin even you say that it is open for all ages, the question is, it is afford by all ages? There is a probability that you will loose your online or offline wallet and it is hard to recover all the money worst you can't take it back unlike on cards you can still remind the banks for the loss of your money. But I didn't say that go for cards not to bitcoin, its just be practical according to your social strata.

Ranly123

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I think not because not all people are used to cryptocurrency. Cashless transactions are often used by the millenials and not all people are using it so regular currency is better than cryptocurrency but i guess it will not take long sing more people are trying to learn how cryptocurrency work in the society.

BossMacko

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They are both better in its own unique way, like for example crypto is good for investment, it is better than keeping your flat currency in the bank because Bitcoin price grows and your money can multiply to 1000% within a period of time unlike in flat money in the bank your money will increase only every year. But the problem with the crypto is that you cannot use crypto to buy yet in shopping malls or any market unlike flat currency you can use it anywhere you want without hassle. From that i can say that it is better to have both crpyto for investment and flat currency for daily use to get daily needs.

jatin729

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See everything has two phases pros and cons.
Crypto is better than regular if it gets centralize. Crypto is more secure than regular because it is virtual currency.
Somebody can't steal it physically,he/she has to steal it technically.
Why crypto is not batter
Because it is totally depend on internet,if internet stops than crypto automatic stop. Regular currency has easy access by all the society's even poverty,middle class and upper class but crypto for those who has Computer or smartphone knowledge.

BTCeminjas

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Yes I strongly agree with you cryptocurrency bitcoin has more profitable money that easier with us to invest, to pay and more with out any hastle. But this both currency has a good value with us we need this for our daily routine life.

julius caesar

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Quote from: Crapz23 on June 19, 2017, 01:38:51 PM

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

That assumption was practically just based on your experience of having bitcoin in your life but we do also need real currency because admit it or not, both currencies have both benefits and usage depending upon the situation of when and where it is best to be use. Having both currency can make you more flexible on handling money and gaining an income with both sides which is beneficial because sticking into just one currency will be a slow improvement and having both will be a good thing to do.

dzhan

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In my opinion crypto currencies are a lot better than fiat money, because crypto is different and more profitable, and it help us not only to complete our deals and trades like the regular currencies, but also to making money.

Tukang Becak

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Quote from: Odora on October 25, 2017, 03:28:16 PM

if viewed in terms of security and speed, crypto currency is better than regular currencies,

but if viewed from the current usefulness of the regular currency is better than crypto currency,

so I think we need both ..

Yes agree, I think the thing that should be fixed from cryptocurrency is dependency with internet access, without internet then cryptocurrency will die, besides, transaction confirmation feels very long so if used for direct transaction can make a very long queue.

Odora

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if viewed in terms of security and speed, crypto currency is better than regular currencies,

but if viewed from the current usefulness of the regular currency is better than crypto currency,

so I think we need both ..

BTCbengi

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Well perhaps Bitcoin has some advantages over credit cards like no age limit, no need to buy with money, we can dig them from the mine, but it needs a machine and very Easy to make your machinery ruin. However, I prefer to use credit cards because it is very handy, can be traded everywhere and easy to pay.

astrid.uchiha24

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We need both the currencies because without the paper money or also known as fiat there will be no stability on the prices of goods and services because fiat is like the measuring stick of value of every things that could be purchased. As of cryptocurrencies, for me we don't need it before but because of progress the technology taking in, we cannot take advantage of the technology if do not use the digital currencies.

gene14

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For me btc is still the best cause it will rise up to 10000 USD while the other altcoins are question marked

BarbieCasino

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Quote from: Paul Pogba on October 25, 2017, 05:51:12 AM

Cryptocurrency works with the internet so that if there is any internet interruption then there is no transaction, this is of course the state's consideration to use cryptocurrency so I think the current currency is better than cryptocurrency.

This is true the bitcoin is all about the internet and this is the best thing about the bitcoin for sure, I use the bitcoin and the bitcoin will be more famous if it will be the world’s best currency you should invest in it. Regular currency is being used for the people but now they are easy to use and the buy the bitcoin as the secure currency. It is the time to buy more and invest high.

kevpantof

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Quote from: KingdomHearts on October 24, 2017, 01:04:35 AM

Quote from: sheenshane on October 19, 2017, 03:46:19 AM

Cryptocurrency is the best way to pay in online billing fast and accurate no hastle to pay bills, mostly in our country have an internet connection it is easy us to access in any online payments. While our local currency need to fall in line just to pay our bills.

I don’t think Bitcoin is the fastest way to pay online, Bitcoin is even the slowest as of recently, cause it will have to go through long processes like confirmation before it arrives. But with regular currencies mobile banking/online banking/credit card/debit card you can make transactions in a twinkle of an eye. So Bitcoin needs to improve.

Bitcoin is far better than many other currencies because it is providing fool proof security and there is no way that your money will be lost. As far as crypto currencies and other regular currencies are concerned, then I think crypto currencies have their own importance while regular currencies have their own value. We cannot give priority to one currency over another.

JTASSOCIATES

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Practically if we want to analyze cruptocurrencies and the regular currency I believe big gap is there and it will take more years to fill that gap.

If we discuss about which one is better currency or cryptocurrencies we have to accept as per current situation and usage also acceptance from the traders and retailers currency is better then cryptocurrency. This will for sure change why because of the technology and advantages of the cryptocurrencies can be monitor easily by the government financial policies.

Cryptocurrencies will be better than regular currency not now may be in next 15 to 20 years time.

Paul Pogba

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Cryptocurrency works with the internet so that if there is any internet interruption then there is no transaction, this is of course the state's consideration to use cryptocurrency so I think the current currency is better than cryptocurrency.

Cosbycoin

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Quote from: palle11 on October 24, 2017, 02:17:22 AM

Cryptos are in a world of its own with its obvious limitation which we already know and one is you must be internet compliant, we also understand the illiteracy level especially in developing countries.

Having said that few, regular money is not to be compared with cryptos. Regular money is easier to access by all levels.

This all is the matter of difference. The variety is basic beauty of this world. You can’t compare two different things or even same things and you couldn’t find these two similar. No, there must be difference. Same happened in case of crypto and fiat.

Both have limitations and advantages. One of the most important, you just described, crypto are not easily accessible while fiat are.

fiomcorka

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Quote from: carlerha on October 22, 2017, 06:58:57 PM

Quote from: jonatuzc on October 22, 2017, 03:38:32 PM

Quote from: yuriyn on October 22, 2017, 12:30:05 AM

these created me comprehend we arent soo freedom as we believe we are, even bein at crypto globe, there are some hazards

If we make a comparison in between regular currencies and crypto currencies, then we’ll get to know this thing that both are having their own importance at their own place. If we are talking from earning more money and profit point of view, then it is crypto which better. On the other hand, if you are talking for buying different kind of things and stuff like that, then it is regular currency which is better.

yes both have their own importance. I think we cannot ingore the inmportacne of anyone. In fact we we are using our fiat for anything in our life. we can buything from the makret using fiat, if we want to trade some thing from another country then we need to conver the local currenc in to that country currency. but bitcoin as it is a digital and decentrlze currency and we can use anywhere in the world witout changing it into anyother currency. But i think still it will take some years when all the poeple will know about bitcoina and will even start using it.

For the moment, we need both. Fiat and digital currencies have their own roles to play and one cannot take place of other. As we all know that crypto currencies have not gone mainstream yet and that is why we are unable to make micro payments in the digital form. There are some issues with the transaction fee also. Compare to this, fiat is better for daily needs but it is not a good saving. Bitcoin is the best investment tool and most suitable for large transactions also. Both have their own perks.

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