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Topic: Are cryptocurrencies better than regular currency - page 31. (Read 19683 times)

full member
Activity: 1442
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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.
In some ways, it is. But both crypto and fiat should co exist since there are still countries wherein cryptocurrency is no yet legal. Cryptocurrency is somewhat better because most of it are decentralized and the rate of increase on its marketvvalue are high, meaning, its value increases from time to time. The advantage of fiat or regular currency is that, it has a physical market value which makes its value more stable that it doesn't decrease often as cryptocurrency does.
hero member
Activity: 728
Merit: 500
I think that actually we need both, but i like the way i handle bitcoins right now, they are easy to use and spend in wherever you want.
Or probably it would be better if some stores and "big brands" start accepting bitcoin as a payment way.. that would make bitcoin more popular and people will feel interested in buying btc and then spending and using it as a normal currency.
I think that is the best way, but i dont think that bitcoin is better than dollar or any other paper currency.
full member
Activity: 271
Merit: 100
crytpocurrencies and regular fiat currencies should both co-exist, but before the existence of digital currency we heavily rely on regular fiat currency as the  main medium of exchange for buying goods, services and bank transactions but for portability cryptocurrency has the greater advantage.
The crypto value already pegged with the crypto currency, as far as i know all of the people already joined in the crypto currency have started with the fiat value to buy the crypto through the finansial institution such as the bank. This is already become an environment.
full member
Activity: 378
Merit: 100
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.
Many people also think the way you do that is why you are investing into bitcoin cryptocurrency. But the fact is both are best in different situation in different times. We still need both type of currency to hold especially when you are travelling into other places that maybe do not operate bitcoin usage so you have to put in cash. Also coming into a country that prefer bitcoin, you can use your bitcoin. Both currencies have special specification at different needs so we still need to both.
sr. member
Activity: 616
Merit: 256
crytpocurrencies and regular fiat currencies should both co-exist, but before the existence of digital currency we heavily rely on regular fiat currency as the  main medium of exchange for buying goods, services and bank transactions but for portability cryptocurrency has the greater advantage.
hero member
Activity: 1120
Merit: 553
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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 is still better if we all holding both currencies which are the cryptocurrencies and real currencies because in our time, there are still states and countries who are not yet operating and accepting bitcoin because bitcoin may not yet been established or been legalize into their country. Also those currencies have different usage with regards to different situation because both have different specialization when it comes to usage. So it is still better if we hold both currencies.
hero member
Activity: 826
Merit: 502
Each has got its own goodness. Right now being an cryptocurrency user gives pride, because now the users all around the world is very low and secondly the virtual presence gives anywhere access. With regular currency the usability is easier and the acceptance is high, so each based on their own convenience prefer it.

Yes each of these has its own goodness. Depending on the usage. Because you can't trade directly bitcoin through physicaly and you can't trade directly regular currency through online in long distance transactions.
Exactly. Both are better and have their own strengths. It is the user who has to decide which one is better depending on the nature of its use. Both Crypto currencies and regular currencies have their own world and both are dealing well with the people playing and dealing with them. You can hardly discriminate amongst any of these.
jr. member
Activity: 61
Merit: 1
Each has got its own goodness. Right now being an cryptocurrency user gives pride, because now the users all around the world is very low and secondly the virtual presence gives anywhere access. With regular currency the usability is easier and the acceptance is high, so each based on their own convenience prefer it.

Yes each of these has its own goodness. Depending on the usage. Because you can't trade directly bitcoin through physicaly and you can't trade directly regular currency through online in long distance transactions.
sr. member
Activity: 840
Merit: 254
I believe they have advantage from each other, the one being highly volatile and the other one being highly regulated.  I think in terms of profit, there is more profit in cryptocurrency since they are govern by market speculation.  But in terms of security against fraud and scams, I think regular currency is better.
Bitcoins does not have a safety net in the form of buyers protection but that is the price we need to pay for a currency that does not allow anyone to take your money away from you without your permission, so that is a drawback for bitcoin that is not possible to improve upon.
full member
Activity: 171
Merit: 100
No, many do not have the opportunity to connect to the Internet to use bitcoin and it is not accepted everywhere as a payment. It is still a long time that the Crypto-currencies become at the level with the usual money.
full member
Activity: 952
Merit: 104
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 agree bitcoin is easy to use using online transactions like pay bills using my local wallet the coinsph, sometimes i need to convert into cash because not all establishment are accept bitcoin as payment like buy the foods or things i need, i hope the bitcoin someday accept in my country as payment in all store's or at all establishment like in the supermarket.
sr. member
Activity: 1274
Merit: 278
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.
In some ways, it is. Bitcoin is decentralized, its users find it an advantage because they can use their wealth as they like. Also, the rate of increase on its market value is way higher than regular currency. It is just that, regular currencies has physical market value, and since Bitcoin is a digital currency, it doesn't have. That's one of the advantages of regular currency. But Bitcoin is better than regular currency in terms of being more profitable.
member
Activity: 60
Merit: 10
in many ways cryptocurrencies are better than regular currencies and in many ways regular currencies are better than cryptocurrencies.
cryptocurrencies are better than regular currencies because its values keep on changing so it is very good for investing because profit rates are high with bitcoin it serves as extra money and it financially helps you.
whereas regular currencies are better than bitcoin because it is stable. its price does not fluctuate more often so there is no fear of loss there with the regular currencies also regular currencies are controlled by government and banks so any illegal activity can not be carried out by regular currencies whereas it can be carried out by bitcoin because it is not controlled by any government or bank.
full member
Activity: 322
Merit: 106
when it wil compare to cash cryptos like btc have higher rate means it better than the regular one currency right now..
I cant deny because 1 btc can be 400k$ when you exchange and it continues to bump up..
AND ANOTHER thing fees in bitcoin is much more smaller compare to the tax in regulating MONEY we have now
sr. member
Activity: 924
Merit: 275
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 have two answers in your question. The first is the cryptocurrencies today are better than regular currency today because cryptocurrencies have many advantage and benefits. My first answer is talking to the benefits. My second answer is no because many people saying that fiat currency is more better than cryptocurrency when talking about the transaction or the payment.
full member
Activity: 193
Merit: 100
Of course, bitcoins on the one hand are better than the usual currency, because they can increase your profit in a couple of days by several times. But on the other hand, not all people trust crypto-currencies, and in turn they use cash. So at this  moment both currencies are important, but personally I tend closer to the crypts.
sr. member
Activity: 584
Merit: 256
I don't think so...
of the two mentioned currency, regular currency is the better for me, because you can't use the cryptocurrency all the ways of your life. it is using only in some specific sectors. basically, in the developed countries, cryptocurrency is being accepted nowadays.

in the under developed countries, it can't be accepted. so regarding all the ways, regular currency is still considered as a more privileged currency.
full member
Activity: 305
Merit: 107
I'm going to eat your cookies
I voted for we need both, cryptocurrency gives ease when it comes to online transaction and online based job but it also have a cons - paper money, has always been here from the very beginning and it will be difficult for the society to just change everything to crypto all of the sudden.
full member
Activity: 542
Merit: 101
I think crypto is way better than cash: bank system for several reasons. You are your own bank you dont pay fees monthly or yearly and it is your responsibility keeping your money.you are protected from inflation and have better interest rates than cash. There are weaknesses as hackers and high violity which I believe will be fixed in future
sr. member
Activity: 1456
Merit: 267
Buy $BGL before it's too late!
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.
Bitcoin is better than conventional money because, firstly bitcoin can increase in value in a little time, while conventional money does not have that power. Bitcoin isn’t affected by environmental conditional while conventional money is.

I agree with both of you and really, feature for feature, crypto has a lot of advantage over regular currencies. One thing going with regular currencies though, is that people are all too familiar with them and they've incoreporated these currencies pretty much in their everyday lives. You can't ask them to set aside what they've been used to all their loves and immediately embrace a better alternative
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