Are cryptocurrencies better than regular currency - page 28.

Kotone

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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.

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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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.

It is based on your perception and own thinking that cryptocurrency is better than regular currency. Yes in some instances that was really true. But still despite of being better than regular currency in the way we can easily earn and gain money and income with bitcoin, there are still some instances wherein regular currency is better than cryptocurrencies. It is just that those two have different usage depending on the situation where it must be used upon the preference of the people who have been using it for a purpose.

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Quote from: andrei56 on September 19, 2017, 01:49:07 PM

Quote from: Flodemaga on September 12, 2017, 09:05:28 AM

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.

This is the main difference with fiat, fiat can only make you lose money in the long term, if you hold fiat you are losing money every single second that you hold it, but if you hold bitcoin or alts you have the chance of earning money by just holding it and the longer you hold the bigger the chances of making profits and the bigger the profits as well.

Holding crypto coins will give profit whenever the price rises but how the fiats value will be reduced if you hold it for long term. There are many corrupted politicians holding fiats as a hard cash still they have fiats with the same value only not reduced.
I prefer BTC, ETH and Monero now since these have good potential to invest in trading and mining.

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Quote from: Flodemaga on September 12, 2017, 09:05:28 AM

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.

This is the main difference with fiat, fiat can only make you lose money in the long term, if you hold fiat you are losing money every single second that you hold it, but if you hold bitcoin or alts you have the chance of earning money by just holding it and the longer you hold the bigger the chances of making profits and the bigger the profits as well.

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Quote from: Monta3002 on September 19, 2017, 09:07:48 AM

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.

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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.

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Quote from: jhonjhon on September 19, 2017, 08:01:58 AM

Quote from: Savemore on September 14, 2017, 09:50:47 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.

I don't think so because I think the fiat currency is still better than cryptocurrency. Many people in our society is prefering the fiat currency that cryptocurrency because they say it is easy to use.

Even though cryptocurrencies are very known to everyone but still it couldn't totally defeat local currency because of its used and stability. If you go into online transactions , more are preferred into bitcoin because it is easy and faster than using fiat, but there are more transaction made in local that's why local currency is still I'm the heart of the community.

The price of all cryptocurrencies go to a peak, the value of the real currency will not come down, and it will not affect on any regular transactions. Now, most of the people are using cryptocurrencies as a long term saving. Except for few people, everyone is buying coins for a long term profit. So how it will affect to regular currency.

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Cryptocurrencies are neither better nor worse than fiat money in general. It all depends on application. If you want to hire a camel in Egypt or elsewhere it is very unlikely you can pay for that in cryptos. In Switzerland you can buy travelcards and tickets with Bitcoin and it's official:

https://www.sbb.ch/en/station-services/services/further-services/bitcoin.html

I think in the future the world will be going more in Switzerland's direction, but for now cryptos can't be used in too many places, and that's why using fiat is still more convenient around the world.

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Quote from: Savemore on September 14, 2017, 09:50:47 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.

I don't think so because I think the fiat currency is still better than cryptocurrency. Many people in our society is prefering the fiat currency that cryptocurrency because they say it is easy to use.

Even though cryptocurrencies are very known to everyone but still it couldn't totally defeat local currency because of its used and stability. If you go into online transactions , more are preferred into bitcoin because it is easy and faster than using fiat, but there are more transaction made in local that's why local currency is still I'm the heart of the community.

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Quote from: Mr. Legendaris on September 14, 2017, 11:22:57 PM

Yes, because regular money is very easy to forge, whereas cryptocurrency can not be faked. in addition, the cryptocurrency system is decentralized so it can fight inflation.

Yes it's true but there are many different aspects also why regular currency is better than crypto.
One of these is regular money is accepted and use worldwide and you don't have to pay fee and wait for your transaction to be confirmed whenever you purchase. But on the other hand cryptos are better because it's increasing value over time and the inflation rate is low unlike regular currency.

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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.

I think it depends upon the situation.

Regular currency is better than digital currencies when it comes to payment especially in my country. We can't pay here with the use of bitcoin or any other coins. Transportation, buying groceries, services payment although there are some that accepts bitcoin but you can't always buy what you need in them.

Digital currencies are better than regular currencies because it is volatile, and has a very big potential to be very useful in the near future. Digital currencies is very useful even though you just have 0.1 bitcoin.

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Its a no for me.As much as bitcoin is there you can not compare it with real currency.as long as some people are not educated of what bitcoin can do it will never be as real currency.

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Bitcoin is a wonderful way to buy and earn money, but in our country it is not very convenient for them to use as few people know about it and there is no possibility for them to pay off somewhere.

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Quote from: Oo ako to on September 14, 2017, 09:13:54 PM

Quote from: Paecga129 on September 14, 2017, 08:58:56 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.

Hands down cryptocurrencies are better than fiat money. Fiat money has a failing monetary policy and it hasn't changed for hundreds of years. Time for change. Digital, secure, scare.

Better on so many aspects. Bitcoin is for everyone while is fiat is just for the oligarchs who controls our system and our government. Bitcoin's impact will benefit us all.

Very well said! Digital currency is far better than paper money in many aspects. The best argument supporting this is that Digital currency is decentralized unlike paper money and that there is no one who is directly controlling it. Moreover, its value keep on increasing with every passing second.

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Quote from: Sithara007 on September 10, 2017, 09:26:17 PM

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.

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Yes, because regular money is very easy to forge, whereas cryptocurrency can not be faked. in addition, the cryptocurrency system is decentralized so it can fight inflation.

Savemore

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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.

I don't think so because I think the fiat currency is still better than cryptocurrency. Many people in our society is prefering the fiat currency that cryptocurrency because they say it is easy to use.

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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.

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Quote from: Paecga129 on September 14, 2017, 08:58:56 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.

Hands down cryptocurrencies are better than fiat money. Fiat money has a failing monetary policy and it hasn't changed for hundreds of years. Time for change. Digital, secure, scare.

Better on so many aspects. Bitcoin is for everyone while is fiat is just for the oligarchs who controls our system and our government. Bitcoin's impact will benefit us all.

Paecga129

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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.

Hands down cryptocurrencies are better than fiat money. Fiat money has a failing monetary policy and it hasn't changed for hundreds of years. Time for change. Digital, secure, scare.

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