Topic: Are cryptocurrencies better than regular currency - page 27. (Read 19667 times)
Decentralized crypto currencies, where everyone can participate, are of course better than a central bank owned fiat money system that loses a part of its value every year and is created based on a debt!
Both have their advantages, at this stage one is more widespread and useable than the other but that may not be the case in the future. Cryptocurrency can solve a lot of issues in ways regular currencies cannot, particularly in poorer/third world countries.
No, We still need the real currency to exchange our bitcoin into real money. Without it bitcoin is useless unless if they allowed the bitcoin as a real currency also or cashless payment system. From that we can say that crypto is now even better that regular currency. But for now we need them both so we can use them both.
I don't know but i think that both currencies are made for a certain purpose, and this is why in my opinion i cannot compare those currencies which is which, and which is more beneficial for me, because I am using both currencies right now, not all places you need fiat same as crypto also.
Idk about mining... 
But I think the normal currencies are more stable and... Stability is very necessary for everyday life..and you know that you can be at ease regarding that....it sometimes makes us worried about the declining value...the btc^ no one is sure about them .... Thus I think somewhere in between is the best...
But I think the normal currencies are more stable and... Stability is very necessary for everyday life..and you know that you can be at ease regarding that....it sometimes makes us worried about the declining value...the btc^ no one is sure about them .... Thus I think somewhere in between is the best...
they all have their good and bad sides , example once you send bitcoins to the wrong address your cash is gone, but fiat, you can trace it and if lucky get it back, also fiat can be used in the physical world .. bad sides of fiats also is government can know how much you are worth especially using your bank account and might question you the source of income, also banks accepts it making it safer to keep, with crypto after you have lost your private keys, say bye bye to your coins
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.
Yes! Now it is very easy to transact the bitcoin currency, it is easy to transfer to the other people in case of sharing money with your close ones; it is the best source to earn more and more. It is all depends on our patience and the hard work with this currency unlike the other regular currency so if I will work with patience it will be sure that in future I will enjoy the high income with short time.
Crypto currency is already proven to be good to use and its excess we can assume this currency is proven to be profitable, but if i think the regular currency is still needed and still important to use in our daily life. I don't think the two can be separated and will continues to co-exist, of course many peoples will not directly use bitcoin as a transaction in everyday life, it must change bitcoin first into a regular currency that is commonly used in the community. However i don't know how in the future, but i think in the future also seems regular currency will continues to exist.
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. 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.
Yes, bitcoin provides more freedom to people of all ages. Bitcoin also provides more security and privacy to the people on the fly.
In what way does Bitcoin provide freedom?
Sure it's not as heavily regulated, but transaction times on a global scale would be astronomical, and impractical.
Not to mention it's,
Not supported in many locations
Requires internet to make transactions
Unregulated
Divisible - so on a global scale - you'd be making transactions in multiple decimals
I love Bitcoin, don't get me wrong, but having a coin that's value is based purely on speculation, and with a user-base that hardly understand the inner workings of it does not give me hope that this will replace a global currency.
Regulation is good when livelihoods rely upon it. Imagine with your salary, if JP Morgan released a news article trashing the USD you lost 30% of the value of it, then further to that, you lost another 10% because China decided they weren't going to accept USD.
Where does that leave you for the month if you've essentially lost half the value of your money, not to mention, the people paying you also lose their money as they get less business.
Everyone here wants to be part of a revolution against the banks and I agree, it's nice to have some financial freedom, but getting rid of established systems for a half complete movement is ludicrous.
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.
Yes, bitcoin provides more freedom to people of all ages. Bitcoin also provides more security and privacy to the people on the fly.
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. 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. 
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.
I am strongly agree with your opinion, Cryptocurrency is a new to us however bitcoin has a high price it doesn't mean it can be better than the other currency we had. Nevertheless Cryptocurrency or a digital currency and virtual cuurency is having a high value than a regular currency and that is the advantage of bitcoin and it is unique.
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.
Can we just rate them both as equal. For we know that they have all disadvantages or advantages that are unique to them. We can't compared much as it is not comparable at all. So we just to leave with it. This post I quoted is totally and frankly speaking is perfectly correct. Bitcoin has its limitations and we just can't ignored or being blinded on reality.
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, 
I think we all need the both currencies, i have reasons why we all need the both currencies (the cryptos and the paper currency)
BITCOIN
• Can be used by everyone whenever they want, wherever they are and whoever they are.
• Easy and fast transaction.
• The price changes from time to time.
• Can earn easily online.
• Can be mode of payment.
PAPER WALLET
• Not all store and people accepts bitcoin so you really need a paper currency.
• It's a local curreny no matter what happens you will really need paper currency what if you don't have internet and you need to pay someone?
Here are some of my reasons why both currency is important to me.
BITCOIN
• Can be used by everyone whenever they want, wherever they are and whoever they are.
• Easy and fast transaction.
• The price changes from time to time.
• Can earn easily online.
• Can be mode of payment.
PAPER WALLET
• Not all store and people accepts bitcoin so you really need a paper currency.
• It's a local curreny no matter what happens you will really need paper currency what if you don't have internet and you need to pay someone?
Here are some of my reasons why both currency is important to me.
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.
you cant compare between crypto and regular current. they have other advantages
the paper accepted everywhere, bitcoin have big value
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. 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.
Yes in some sense cryptocurrencies are really better than regular as they are eectronic, fast and paperless. You can also carry them anywhere without fear of being robbed or losing it as they are always stored electronically in your account.
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