Topic: Combining Bitcoin and flat currency, is it possible? - page 2. (Read 447 times)
I think fiat and bitcoin now live side by side. But it will be difficult to keep walking along. While the main purpose of the creation of bitcoin is as a means of global payment. But if we think about the main purpose of creating bitcoin to become a global currency, it will be difficult for us to make it happen while people still make bitcoin as an investment tool and most of them just think about the profits they should get from bitcoin rather than the future of bitcoin.
Lately, as the development of the world's cryptocurrency, many people in certain countries after hearing the news that cryptocurrency is very attractive to be used as a tool of transactions and investments, making people who hear the news want to quickly switch to the currency crryptocurrency is when in their country eyes the money is still considered and illegal. The question is, why are those people more interested in cryptocurrency when their country already has official Flat currency and why also the government forbids the cryptocurrency? In my opinion, it would be great if the two currencies are combined only. Of course the result will be very good. Well, what do you think?
At first, all we known that in our present time some of us are already using both bitcoin and fiat currency and I think there are no problem to it. It can use this both at the same day and time. It's up to us on which of this both are we much prepared to use. Cryptocurrencies are catching the eyes and attention of the huge of people because there's a fact that there's a possibility that their currency can be multiply by two or more.
There are different classes of people who invest in cryptocurrency and they do so for different reasons. Some is because it is not monitored or regulated, some because of its volatility thus, they can put in money today and the next day they are rich and some is to hodl it for the future because of its potentials especially bitcoin.
These above three points mentioned are not found in fiat, so if cryptos and fiat exit, it will help the economy more.
These above three points mentioned are not found in fiat, so if cryptos and fiat exit, it will help the economy more.
Lately, as the development of the world's cryptocurrency, many people in certain countries after hearing the news that cryptocurrency is very attractive to be used as a tool of transactions and investments, making people who hear the news want to quickly switch to the currency crryptocurrency is when in their country eyes the money is still considered and illegal. The question is, why are those people more interested in cryptocurrency when their country already has official Flat currency and why also the government forbids the cryptocurrency? In my opinion, it would be great if the two currencies are combined only. Of course the result will be very good. Well, what do you think?
I think you cannot combine bitcoin and flat currencies because that currency was so different. But you can use that currency at the same time. In the real world, if you need to buy something in the sari-sari store, you need to have flat currency because they accept flat currency. And if you buy something in the online shop, there is some online store accept bitcoin for payment, you can use it to buy. Like what I said in the beginning, you can use crypto and flat currency at the same time.
I think there is no combination between Bitcoin and flat money. Because Bitcoin is programmed by complex algorithms, and is suitable with commercial transactions, is not convenient to buy something in the supermarket like flat currency.
I dont think that it is possible to combine both. Bitha re separate things and need to be seperate
it seems impossible if we try to combining the flat currency and bitcoin, because the basic principal and fundamental system of them is different one to another. But, i don't know, maybe in the future if the technology more advances than now, i think it could be possible.
I think it's so difficult to have combination between Bitcoin and flat currency. Because the nature of Bitcoin is unstable, uncontrollable, without prediction and can crash at any time.
Firstly, Bitcoin was known as a cryptocurrency, is an applied technology product blockchain. It is expected Bitcoin will become the new exchange tool with many advantages over flat currency. However, one of the reasons why Bitcoin fell because more and more like a type of assets rather than currency. We can understand it like stock - shares. Meanwhile, flat currency play a role as brokerage in the exchange of goods, services and means of helping the exchange process is easier.Therefore, We can see that the nature of Bitcoin and flat currency are different, they can’t combine together
I think it is not possible to combine fiat and cryptocurrency. As they both got many differences and I think cryptocurrency has more potential than fiat money.
Its really impossible because cryptocurrency created to compete with fiat money in terms of transacting around the world. I don't see any reason to combine this two currency because they have both pros and cons. Let's just maintain the old system and of course adopt a new one so we can have a bright future.
Nowadays, technology has lots of outstanding development, people created Bitcoin by the incredibly complex algorithm to have safety secure, and easy for the users. Therefore, I believe that in the future people will use Bitcoin instead of flat currency. Finally, I think Bitcoin will replace flat currency, and don’t have any combination between them.
People are running towards crypto currency because it is new also smart transaction plan.
Both are important for us but I guess it’s not possible because btc creates value and 1 btc is equal to near $6000 based on this it can’t be possible because feat money value and btc is not same both are from different sector. Based on this Btc value is more than fiat also.
Now, Everyone don't know the real value of Bitcoin, and no one is in a position to predict what the future will be for value of Bitcoin. Meanwhile, when people hold flat currency, they will know exactly how much money they have. Therefore, I think it's so difficult to combine Bitcoin and flat currency.
Yes, It's definitely a wonderful Idea. We are using money from the bank in the virtual form only.
Combining Bitcoin and flat currency is a dual advantage. You can use both the currencies in substitution of one another
There are many people in some countries believes that it is a very attractive tool of transactions and investments. I believe, it would be great if both currencies are combined.
Of course, the result shall be positive.
Combining Bitcoin and flat currency is a dual advantage. You can use both the currencies in substitution of one another
There are many people in some countries believes that it is a very attractive tool of transactions and investments. I believe, it would be great if both currencies are combined.
Of course, the result shall be positive.
Yes, it is possible. Many investors believe that we can progress neither without cryptocurrency, nor without fiat money. So, we need both of them in a balanced way to gain success.
This won't be a good idea. This will create hassle in the market and this will make people confused about both of the things. Besides, the transactions might e a mess.
As for now Bitcoin is not government regulated it would be difficult to make both equal currencies
some countries are now regulating bitcoin but i did not heard that they combine bitcoin to fiat.
I think that will not really happen even if all countries will start to regulate bitcoin because fiats have thier own value and physical shape while bitcoin is only a digital currency that do not have a physical form. So overall that would be impossible to merge them both.
Merging fiat or local currency to another local currency is more realistic , same as when combining crypto to another crypto.
As for now Bitcoin is not government regulated it would be difficult to make both equal currencies
Isn't it already combined ?
I think the fact that the banks and the other countries are looking forward to giving out their own fiat currencies this indicates the level of acceptance they have for this new technology and soon enough they will launch something that's a combination of both.
Secondly the fiat system is what supports the cryptocurrencies , since Bitcoins and all are nothing if not converted into fiat ( harsh but true ) small businesses are established but they are not that big enough to dominate the whole economic system .
Cryptocurrencies to fiat and fiat to cryptocurrencies this is what's going on and that's how. Related and interconnected they are.
I think the fact that the banks and the other countries are looking forward to giving out their own fiat currencies this indicates the level of acceptance they have for this new technology and soon enough they will launch something that's a combination of both.
Secondly the fiat system is what supports the cryptocurrencies , since Bitcoins and all are nothing if not converted into fiat ( harsh but true ) small businesses are established but they are not that big enough to dominate the whole economic system .
Cryptocurrencies to fiat and fiat to cryptocurrencies this is what's going on and that's how. Related and interconnected they are.
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