Topic: Are cryptocurrencies better than regular currency - page 41. (Read 19667 times)
We need both cryptocurrencies and regular currencies as they both have their advantages and disadvantages depending were we need to spend them. I simply see it as crytocurrencies are mainly for only business and then fiat makes in person business easy to use
Cryptocurrencies, Bitcoin for example, aren't linked directly to the laws, rules or regulations of any government, corporation or bank. The interest rates, fees and surcharges you may have to pay on your bank account or credit card in no way effect your cryptocurrency.
Digital currency affords its users complete anonymity.
Accounts that hold traditional currency can be garnished or frozen completely, the latter means the holder of the account has no access to the funds in it.
Digital currency affords its users complete anonymity.
Accounts that hold traditional currency can be garnished or frozen completely, the latter means the holder of the account has no access to the funds in it.
Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash. Plus, it's open to all ages unlike credit cards.
Duuhh... how do you get your bitcoins? You need to buy them first. So you are still spending cash, but using a different medium. I usually ignore stupid posts like this, but the level of stupidity on this post is too damn high to ignore.could easily earn back from mining.
Lol. Do you even know what you are saying? 
No, current currency are still better than cryptocurrency. Cryptocurrency nowadays are like commodity except for bitcoin because it is already circulated. Current currency are still faster than crypto,just saying.
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.
Here my final opinion is that we need use everything because with btc or other altcoin can not make our life full of the use in our own ways , we don't need only particular thing , but we need everything in every way to use our money .Just think you have Bitcoin or other coin then , you can't use it for every place because not anyone will accept .
but if you have fiat then everyone will accept .
And if you will ask this thing in opposite way than you will find that in the international level not everyone will accept your fiat but most of them can accept Bitcoin .
So both have Thier own significance at Thier own place and we can't judge these two that which is better .
Crypto currencies are of course better than fiat money systems because most people can create crypto currencies by themselves, while the creation of fiat money is limited to banks and you need a license from the government and must have some millions to get one.
Fiats and the cryptocurrencies has a lot of difference in their features and so on because they are created for different purpose. If bitcoin or any cryptocurrencies is like the supply of fiat then we don't need fiat anymore but the downside of cryptocurrencies is they are limited so they are not capable for worldwide usage but overall it is still better than most of the fiats.Crypto currencies are of course better than fiat money systems because most people can create crypto currencies by themselves, while the creation of fiat money is limited to banks and you need a license from the government and must have some millions to get one.
Fiats and the cryptocurrencies has a lot of difference in their features and so on because they are created for different purpose. If bitcoin or any cryptocurrencies is like the supply of fiat then we don't need fiat anymore but the downside of cryptocurrencies is they are limited so they are not capable for worldwide usage but overall it is still better than most of the fiats. 
well yea altcoins is more better than regular currency because altcoin can increase its own value not like currency
sure but you are forgetting that the value can also decresse, because it's unstable, instead with fiat currency you ahve always the same one which is almost rock solid
unless you get some case where the government is corrupted or the bank are insolvent and the whole country is in debt, and their currency lose value
well yea altcoins is more better than regular currency because altcoin can increase its own value not like currency
sure but you are forgetting that the value can also decresse, because it's unstable, instead with fiat currency you ahve always the same one which is almost rock solid
unless you get some case where the government is corrupted or the bank are insolvent and the whole country is in debt, and their currency lose value
Also, value is relative. Hypothetically, what if the prices of bitcoins remains the same in terms of its USD equivalent, however the USD depreciated in value for example before a dollar can buy you a hotdog but now it cannot and you need 5 usd to buy a hotdog. Technically, the value of bitcoins actually went down as well.
Here we can see that the value of cryptocurrencies will always be linked to fiat.
well yea altcoins is more better than regular currency because altcoin can increase its own value not like currency
sure but you are forgetting that the value can also decresse, because it's unstable, instead with fiat currency you ahve always the same one which is almost rock solid
unless you get some case where the government is corrupted or the bank are insolvent and the whole country is in debt, and their currency lose value
Cryptocurrencies are better than traditional currencies in the sense that some of them have additional features. Eg. being able to be used as store of value due to their deflationary nature.
They are worse than traditional currencies by being much more volatile which is something you definitely don't want from your day-to-day currency.
yes no doubt that crypto currencies are more better than traditional currencies, it is new and modern generation currency which can be use for a lot of purpose, we can use it for online online purposes as well as can also use it in offline shops. but this facility is yet not available everywhere. They are worse than traditional currencies by being much more volatile which is something you definitely don't want from your day-to-day currency.
Starting from the fact that the cryptocurrencies were born with a prior planning and based on mathematics, codes and algorithms practically infallible, at least theoretically cryptos seem to offer a more efficient and fair option to distribute the wealth, nevertheless in practice we have seen that certain failures that may compromise their efficiency and security may still occur. Much work needs to be done on these issues to ensure the efficiency of transactions, but an equally important challenge would be to work on making this technology accessible to the most vulnerable social sectors.
Bitcoin is better only because you can make money on its growth, but where there is no internet it will be completely useless.
In terms of features, crypto obviously has better festures than regular currencies. Though for usage and accessibility, crypto still has a pretty long way to go since it's restricted by internet connection. Though these times are becoming more and more reliant in online connections, majority of the people would still find regular currencies easier to ger access to compared to crypto
There's a huge debate here --> Cash Or Bitcoin, and the results at the moment are at a standstill of 78% agreeing that cash is better than Bitcoin! I agree with people who say Cash and Bitcoin are two different things and cannot really be compared.
I treat Bitcoin as an investment, not really a currency, as for it to be a currency, it has to have low fees or even none at all, instantaneous transaction times, which is also argued in the link above.
As such cash is still better than cryptos for regular use, but cryptos indeed have the potential in the 'digitalizing' world today.
I treat Bitcoin as an investment, not really a currency, as for it to be a currency, it has to have low fees or even none at all, instantaneous transaction times, which is also argued in the link above.
As such cash is still better than cryptos for regular use, but cryptos indeed have the potential in the 'digitalizing' world today.
Bitcoin is better only because you can make money on its growth, but where there is no internet it will be completely useless.
Cryptocurrencies are better than traditional currencies in the sense that some of them have additional features. Eg. being able to be used as store of value due to their deflationary nature.
They are worse than traditional currencies by being much more volatile which is something you definitely don't want from your day-to-day currency.
They are worse than traditional currencies by being much more volatile which is something you definitely don't want from your day-to-day currency.
well yea altcoins is more better than regular currency because altcoin can increase its own value not like currency
Have you tried forex trading,if not try that once.The risk involved in crypto currency investment are really huge,if you look at the volatility level you will understand what i am talking about,but if you are careful enough and has the ability to risk some dime then it might give you a good profit,the irony is,you need fiat currency inorder to invest in crypto currency ,so you need both to make a good investment and vice versa. 
well yea altcoins is more better than regular currency because altcoin can increase its own value not like currency
This is true for now. But in future will this hold the same value as of now is unknown. Also this currency is not being approved by the world. So it could only work in some countries while in other country it may have no value.
well yea altcoins is more better than regular currency because altcoin can increase its own value not like currency
I'll go for real currency. Just my opinion, crypto currencies will be worthless without fiat. And this is how it works.
You can't tell that you're rich when all your "money" is in just in your phone. It's still only a number.
It will become valuable when you convert it to fiat then you can tell yourself that you're rich.
You can't tell that you're rich when all your "money" is in just in your phone. It's still only a number.
It will become valuable when you convert it to fiat then you can tell yourself that you're rich.
For the time being, I'll have to say that this is the prevailing view. Whether we care to admit it or not, it's the fiat value of crypto that is getting us on board. Remember when Bitcoin was worth next to nothing how it was just given away, lost and forgotten.
The fact that its fiat price keeps us busy earning and mining should tell us we prefer fiat, for now anyway.
Jump to: