Topic: Are cryptocurrencies better than regular currency - page 24. (Read 19667 times)
Of course in the bank you only get 1%+ every year but in the crypto world you can get more than 500%+ within months or a year.
I think it can be a great evolution for the banking system, and many other services. The blockchain technology allows for many solutions that hasn't previously been possible without a middle man.
Looking for what needs, for case in point, I translate my finals into regular currency, I do not pay out bitkoynom, then I feel paper money is now not replaceable, but in phrases of earnings, paper candy wrappers are the last century, the long term soon after the crypt
No, unless society is used with cashless/electronic payment method and most people have smart device with internet connection. Also, cryptocurrency is practically useless in poor country.
Digital currencies like Bitcoin and Etherum provide an easy and inexpensive way of transferring money, which can be a replacement to postal companies such as Western Union. They essentially also provide means of detaining money if you aren’t dealing with bank accounts or credit cards, which is frequent in the developing world. In these countries if people want to send money to their family in the countryside, most of them have to send it in a bag with someone, which isn’t a tenable situation in this era. So cryptocurrencies aren't that "useless" in "poor countries" .
Yes, in general it can be said that cryptcocurrency is better than a regular currency, the thing that is difficult for the government to accept is decentralization, maybe one day there will be a government that will make a special cryptocurrency to replace the regular money.
In my opinion, i think both currencies are important in our regular economy.
Let's estimate degrees of bitcoin, it can be utilized anonymously, it does not leave any identification behind.
Bitcoin is a portable and acceptable worldwide while in comparison local currency can' be accepted outside the country without exchange.
Both have equal importance but in qualities, bitcoin is leading over all currencies.
Let's estimate degrees of bitcoin, it can be utilized anonymously, it does not leave any identification behind.
Bitcoin is a portable and acceptable worldwide while in comparison local currency can' be accepted outside the country without exchange.
Both have equal importance but in qualities, bitcoin is leading over all currencies.
I agree with post above me, you need both of them. Without regular currency, you even can't live till now because you need regular money to buy goods to buy your daily needs. Without cryptocurrency, you can't earn money like us doing right now. Both of them have their own pros and cons.
I believe we need both. Without cryptocurrencies, we cannot earn or save or invest money easily here in the internet, and many will have no jobs because some people depend on these. Without regular currencies or our own local currencies, we cannot use our earned bitcoins in daily life. Many are still not familiar with cryptocurrencies so they won't accept payments like these. Better to keep both because we need these two in making transactions.
Cryptocurrency maybe better if viewed from the point of growth money have we invest. However, fiat remains better in terms of use, by reason of bitcoin hasn't been accepted many countries.
Cryptocurrency is easy to use and more secure you dont need personal or other in formations in performing transaction it is better than a physical currency.. but physical currency are tried and tested in the long run and it use in many years. but the current state of our economy the regular currency is much better the the cryptocuurency in terms of 90% of people or more than that don't know what is cryptocurrency are...
Cryptocurrencies are not better than the physical currencies. This is because they really don’t have any physical existence at all and you can’t use them if they are among the illegal ones without passing through the exchanger sites paying having fee for the sake of converting them into useful ones. The safety regarding digital wallets is also in question nowadays due to hacking, password mismatches and many other issues. Therefore, they could be considered as your property but not a better one at all.
Bitcoins are greater than normal forex a hundred times. Bitcoin is that type of income that you maintain and you are assured that it can enhance its price above some several hours whilst paper income does not posses this kind of superb abilities.
What will happen to the fiat currency if they all converted to cyptocurrency? It's quick, it's fast and you don't pay as much fees as on the other crypto markets.
No, unless society is used with cashless/electronic payment method and most people have smart device with internet connection. Also, cryptocurrency is practically useless in poor country.
Digital currencies like Bitcoin and Etherum provide an easy and inexpensive way of transferring money, which can be a replacement to postal companies such as Western Union. They essentially also provide means of detaining money if you aren’t dealing with bank accounts or credit cards, which is frequent in the developing world. In these countries if people want to send money to their family in the countryside, most of them have to send it in a bag with someone, which isn’t a tenable situation in this era. So cryptocurrencies aren't that "useless" in "poor countries" .
No, unless society is used with cashless/electronic payment method and most people have smart device with internet connection. Also, cryptocurrency is practically useless in poor country.
Digital currencies like Bitcoin and Etherum provide an easy and inexpensive way of transferring money, which can be a replacement to postal companies such as Western Union. They essentially also provide means of detaining money if you aren’t dealing with bank accounts or credit cards, which is frequent in the developing world. In these countries if people want to send money to their family in the countryside, most of them have to send it in a bag with someone, which isn’t a tenable situation in this era. So cryptocurrencies aren't that "useless" in "poor countries" .
Cryptocurrencies does provides a lot opportunities to multiply our fiat investment, sure regular currencies are required to the daily needs, but crypto does provide the best opportunities for anybody whiling to take the risk. I dont know any fiat investment wich allow me to double my fiat into 1 year or even 2-3 years, crypto is full of those opportunities daily.
I think both have its own value in the world. Because most of the people do not believe in bitcoin as it is a new crypto digital currency and most of the people think that bitcoin is the digital currency of the future and it will overcome all other paper currencies of the world. It is hard to say which one is better and why and how? because of the different opinion and thoughts of the people.
Virtual currency has typically referred to online only currencies that do not live outside the Internet and can only be exchanged on the Internet, usually for virtual goods such as zombies, flying pigs and shiny pixellated swords. Virtual currency grew from gaming systems and still largely exists in that world. Of late virtual currencies like Ven Currency and Bitcoin have expanded the use of virtual currencies into real world products and services, as well as P2P exchange, blurring the line between where virtual currencies end and digital currencies begin.
the advantage of Bitcoins is that it has no boundaries, you need not go to banks or foreign currency exchange. Bitcoin is universal so I think it is the biggest advantage so far. another one is that you can claim or exchange it to cash to any money remittance establishment. can easily buy goods online as long as you have a balance to do so... So... eventually, bitcoins will be embraced by most countries in the near future.
Yes crypto currency is better than regular currencies because the value of crypto currency is more than other regular currencies and there is no boundries for it.Being a digital and virtual currency the online payment and other transaction through these currencies are becoming very easy, Crypto has a lot of advantage than fiat but fiat also has something that crypto doesn't have. Investment on crypto just required an ID and internet. Investment on money need a whole lot of requirement. Transaction on money soesn't have fee but it got tax. Crypto is decemtralized, volatile and unsafe, also unpopular. Money is not convenient.
Crypto is better than cash because there are more possibilities in crypto to earn more profit and there is no taxation in digital currency so one should invest money in crypto and then wait for the pump to earn more and more and crypto help you to shop from everywhere in the world. 
There is no point in comparing crypto-currency with fiat cash. Both are having their own advantages and disadvantages. The biggest issue with crypto-currency is their volatility. Also, there are multiple prices, as there is not one single exchange. The lack of acceptability is another issue with crypto-coins. Even now, less than 1% of the shops accept them.
You have rightly said. We cannot make a comparison of both the Crypto currency and paper money. Both are entirely different from each other and has their own pros and cons. It is just the place where you are using your money which decides whether crypto is better or paper money is. 
In terms of salary bitcoin is much better because there is no tax in bitcoin unlike in regular currency that we have a huge amount of tax are getting paid every month.
Having btc may not have tax but there are some transaction fees,offcourse anything that can be used btc for transactions were much preferred than the hassle of bringing cash on our pockets.Jump to: