Crypto vs Fiat - page 3. | Bitcointalksearch.org

shogun47

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Quote from: shogun47 on August 12, 2021, 12:06:07 AM

Quote from: lienfaye on August 11, 2021, 10:02:31 PM

Quote from: Pokapoka124 on May 28, 2021, 04:10:47 AM

storing your money in crypto beats saving up in the bank.

Absolutely true. If you let your money sleep in banks even it takes years the interests are really small and only the bank benefited if you store your money on them. But this is not the case if you invest in crypto, you're the one controlling your funds and can use several strategies to maximize your profit. Though investing in crypto is risky, but it is proven to be profitable and worth it.

Haha it would be great if the interests rate were at least positive (+) small. The truth is that banks are now even raising negative interest rates on deposits. That is crazy, seriously. They want by all means that you pick up your money and either let it shrink in your safe at home due to inflation or that you damn bloodily put it into the stock market further inflating equity and housing prices. We are going to face a big fat bubble exploding right into our, yes... faces...

if fiat will continue like that then we also have to find a solution for our own security, I think by placing our money in crypto we will be free from inflation which continues to increase every year. but unfortunately this is related to government regulation, where fiat is maintained, but we will see in the future where until now the crypto push is getting stronger

There is a risk in certain ways almost everywhere. With fiat it is the inflationary risk and the hyper surveillance possibilities once it is fully digitized. With cryptocurrencies you have a whole lot of other risks that maybe regulatory or legal, but also volatility risk. There is of course also technological risk involved, which is not quite the case for fiat currencies.

shogun47

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Quote from: lienfaye on August 11, 2021, 10:02:31 PM

Quote from: Pokapoka124 on May 28, 2021, 04:10:47 AM

storing your money in crypto beats saving up in the bank.

Absolutely true. If you let your money sleep in banks even it takes years the interests are really small and only the bank benefited if you store your money on them. But this is not the case if you invest in crypto, you're the one controlling your funds and can use several strategies to maximize your profit. Though investing in crypto is risky, but it is proven to be profitable and worth it.

Haha it would be great if the interests rate were at least positive (+) small. The truth is that banks are now even raising negative interest rates on deposits. That is crazy, seriously. They want by all means that you pick up your money and either let it shrink in your safe at home due to inflation or that you damn bloodily put it into the stock market further inflating equity and housing prices. We are going to face a big fat bubble exploding right into our, yes... faces...

lienfaye

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Quote from: Pokapoka124 on May 28, 2021, 04:10:47 AM

storing your money in crypto beats saving up in the bank.

Absolutely true. If you let your money sleep in banks even it takes years the interests are really small and only the bank benefited if you store your money on them. But this is not the case if you invest in crypto, you're the one controlling your funds and can use several strategies to maximize your profit. Though investing in crypto is risky, but it is proven to be profitable and worth it.

tiCeR

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Quote from: AndySt on August 11, 2021, 06:59:46 PM

Quote from: dupee419 on August 11, 2021, 03:41:33 PM

Just goes to show how big of a value crypto (especially Bitcoin) is in the future, just like Gold, Bitcoin will continuously grow as the years pass by, meanwhile, fiat will be at a constant level, but it does not mean that fiat will stay flat, of course, it will grow as well, but compare it to Bitcoin and you'll see the difference, the OP wants everyone to know that holding what we have right now will definitely benefit us if we do hold it for a long time, if gold gained its value like that for a long time, just imagine Bitcoin alone, and just imagine how huge the profit we'll gain.

The fiat currency has completely different goals and the increasing value is not only a priority goal of existence, but to some extent even harmful according to modern economic theory. The falling value of the fiat currency to a moderate extent should contribute to economic growth and the recovery of the state's economy as a result. It is best that money should always be in circulation, and not a dead weight in the reserves of the population, and therefore reasonable inflation should contribute to this. Another question is that this is not the best option for the population itself, and therefore it is necessary to look for objects for investment and savings, and they are actively trying to use bitcoin in this role.

Yes but the problem is that we as holders and users of fiat actually only experienced devaluation. It seemed to be a one way ticket once you amassed wealth in fiat and that was towards negative progression. With assets that counterbalance this, like Gold or now specifically Bitcoin, I think we have a much better equilibrium and range of choices that even make an economy more vibrant when hoarding is also an option under certain circumstances. Central banks can't know everything and they can't control for everything like wish to. The citizens of the nations carry a certain sentiment within them towards spending and saving/investing, and that can't always be manipulated like a monopoly game. With Bitcoin's success I think it becomes evident that people want some place to put their money in a way such that it isn't constantly devaluing over night.

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Quote from: dupee419 on August 11, 2021, 03:41:33 PM

Just goes to show how big of a value crypto (especially Bitcoin) is in the future, just like Gold, Bitcoin will continuously grow as the years pass by, meanwhile, fiat will be at a constant level, but it does not mean that fiat will stay flat, of course, it will grow as well, but compare it to Bitcoin and you'll see the difference, the OP wants everyone to know that holding what we have right now will definitely benefit us if we do hold it for a long time, if gold gained its value like that for a long time, just imagine Bitcoin alone, and just imagine how huge the profit we'll gain.

The fiat currency has completely different goals and the increasing value is not only a priority goal of existence, but to some extent even harmful according to modern economic theory. The falling value of the fiat currency to a moderate extent should contribute to economic growth and the recovery of the state's economy as a result. It is best that money should always be in circulation, and not a dead weight in the reserves of the population, and therefore reasonable inflation should contribute to this. Another question is that this is not the best option for the population itself, and therefore it is necessary to look for objects for investment and savings, and they are actively trying to use bitcoin in this role.

dupee419

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Just goes to show how big of a value crypto (especially Bitcoin) is in the future, just like Gold, Bitcoin will continuously grow as the years pass by, meanwhile, fiat will be at a constant level, but it does not mean that fiat will stay flat, of course, it will grow as well, but compare it to Bitcoin and you'll see the difference, the OP wants everyone to know that holding what we have right now will definitely benefit us if we do hold it for a long time, if gold gained its value like that for a long time, just imagine Bitcoin alone, and just imagine how huge the profit we'll gain.

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Quote from: Pokapoka124 on May 28, 2021, 04:10:47 AM

If you understand this picture, congratulations, if you don’t , then you don’t understand money , no matter how much you have in the bank.
#Bitcoin is down 4% today. But next few months BTC could pump 400%. Pump or dump, storing your money in crypto beats saving up in the bank.

This picture shows us a very common thing-inflation. It eats our savings, that’s right. I share your point of view that to save our money we should invest. Long-term investments will be more profitable than just holding fiat money in your bank account. USD is devaluing all the time, and investments can increase, and they will if you find correct financial instruments.

rosebrand

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I got the point you are trying to portray, keeping money in banks as saving is shit, because banks would use your money to make big incomes and gives you peanuts in return, no matter the volatility of crypto choosing a potential coin and saving your funds there is much more better than saving in banks, but honestly speaking I don't agree with your photo, $1800 can't be that huge, but well it's fine I got the message your trying to pass on but next time try to make things go accordingly.

Roy Asher

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Each has its advantages and disadvantages. It depends on the investor's choice. Choosing cryptocurrency as an investment is the best choice. The profit you make in a year at the bank may not be as high as the market's rise in a few days, but this is also an optimistic situation. The income fluctuates greatly and the risk is also high. If you don't control it, you can lose your money. But at a bank, you will not lose your principal unless there is an accident beyond the bank's control.
It all depends on your mentality. If you want to speculate, it is best to choose encryption. If you invest in a part of the crypto market, the gains may make your eyes shine.

NathanielParker

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In fact, some concepts are wrong. For example, legal currency is a state guarantee, and currency is a consensus. Bitcoin, as the consensus of all mankind, is even stronger. It does not rely on the endorsement of the state and is not controlled by others. It is a truly free currency. But his market is also highly volatile and risky. If the private key is lost, it cannot be recovered.

Princejebs

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Quote from: QuickAccount on June 07, 2021, 12:22:16 PM

I don't think BTC is going to replace money anytime soon, but I do think that BTC will be more widely accepted in the future. But with all of these companies that require so much info on purchase and an ID for alot of wallets, the anonymity of BTC is slowly being removed from most transactions and wallets.

I disagree, btc isn't changing or replacing money. Just imagine the recent dump that happened from $60k to $30k is money, how do we adapt to such change and the effect on commodities. Its going to be a man-made disaster if money is having that quality.
We shouldn't be blind with the profit we are all trying to make and wish or want btc to be money.
I respect it as hedge against inflation but money? No no no for me.

ninkdwi

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Quote from: Lorence.xD on June 11, 2021, 04:15:56 AM

The problem with the inflation is that it couldn't really hurt the people if in parallel with the growth of inflation, the wages for the workers are growing which isn't the case because the government is far too corrupt to give workers a leeway.

I don't think it's like that because more or less people will feel disadvantaged by the impact of inflation that occurs, such as price increases in a product because if basically people with fixed incomes will feel tormented if inflation occurs because the income they get is not proportional to rising prices product so that they will feel aggrieved for it. and this is only from one sector, there are already some people who feel the impact of inflation.

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Quote from: pantek talacuik on July 20, 2021, 10:08:43 AM

Quote from: Kimonoe on July 20, 2021, 09:53:29 AM

the increase in crypto will be greater than the inflation that will occur, so with crypto there will be no inflation like what happened with fiat. where the current fiat every year there is always inflation, the price of goods rises. but unfortunately at this time the government does not fully support cryptocurrencies

The rise in crypto prices may come as a surprise to many, but it won't always go up continuously. You can see for yourself that sometimes people who invest in crypto have a high level of stress. Grin

I will choose these two types of investment, crypto and fiat. Some countries have also accepted crypto but not all countries.

I think its just a matter of time for cryptos to rise again. After the corona pandemic seems more contained now, investors might have more trust into fiat money again. But I don't see much changing. All the big countries are still pulling up more and more debt. Eventually investors are going to realise that repaying all that debt won't happen, and then the Fiat currencies are going to decline very fast. The future are crypto currencies.

Digital currency that you can't feel with your hands, everyone is just playing with their smartphone to buy what they want. such is the age to come to see people relaxing at home and buying what they want online.

oHnK

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Quote from: ChiBitCTy on July 20, 2021, 10:47:10 AM

I don't understand this picture and I'm a financial advisor. What are you are trying to portray here really don't make sense in my opinion. Also to state that keeping your money in cryptocurrency is better than keeping your money in the bank is an irresponsible statement. You need to remember not everyone is in the same position financially and many people simply can't risk the potential losses that highly volatile cryptocurrency exposes you to. I agree that it's smart to have a good percentage of your portfolio in cryptocurrency, but that also completely depends on your situation, and that may not be possible. It amazes me how many people seems to forget these basics.

Storing money in crypto is better than keeping it in fiat depends on one's position of financial freedom and I agree with that. When we say that because we already have a definite income every month it makes sense, but there are many people whose financial conditions are different. It's difficult to save, let alone convert it into high-risk crypto. A person's ability to take risks depends on his financial readiness. Bullshit can take a risk if eating for tomorrow is still limited.

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I don't understand this picture and I'm a financial advisor. What are you are trying to portray here really don't make sense in my opinion. Also to state that keeping your money in cryptocurrency is better than keeping your money in the bank is an irresponsible statement. You need to remember not everyone is in the same position financially and many people simply can't risk the potential losses that highly volatile cryptocurrency exposes you to. I agree that it's smart to have a good percentage of your portfolio in cryptocurrency, but that also completely depends on your situation, and that may not be possible. It amazes me how many people seems to forget these basics.

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Quote from: Kimonoe on July 20, 2021, 09:53:29 AM

the increase in crypto will be greater than the inflation that will occur, so with crypto there will be no inflation like what happened with fiat. where the current fiat every year there is always inflation, the price of goods rises. but unfortunately at this time the government does not fully support cryptocurrencies

The rise in crypto prices may come as a surprise to many, but it won't always go up continuously. You can see for yourself that sometimes people who invest in crypto have a high level of stress. Grin

I will choose these two types of investment, crypto and fiat. Some countries have also accepted crypto but not all countries.

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Quote from: 19Nov16 on July 20, 2021, 01:25:14 AM

Quote from: Lorence.xD on June 11, 2021, 04:15:56 AM

Quote from: Princejebs on June 10, 2021, 06:42:10 PM

It's so sad that inflation has eaten up everything we have in the name of making some shit income from banks that has been milking us dry since the 70s and 80s.
I don't even know exactly what they have had into people. Saving, just an ordinary interest rate that are insignificant to our life.
Your pictures speak of of just a single solution, invest in cryptocurrency now or wait after 10 years and see your $1000 becomes $10. Such an irony. Cry

The problem with the inflation is that it couldn't really hurt the people if in parallel with the growth of inflation, the wages for the workers are growing which isn't the case because the government is far too corrupt to give workers a leeway.

As long as inflation can be controlled, it is certainly not a problem, even inflation is needed to make production increase, we cannot expect the price of a pack of rice 10 years ago to be the same as today's price, and crypto is the best solution to control inflation.

the increase in crypto will be greater than the inflation that will occur, so with crypto there will be no inflation like what happened with fiat. where the current fiat every year there is always inflation, the price of goods rises. but unfortunately at this time the government does not fully support cryptocurrencies

19Nov16

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Quote from: Lorence.xD on June 11, 2021, 04:15:56 AM

Quote from: Princejebs on June 10, 2021, 06:42:10 PM

It's so sad that inflation has eaten up everything we have in the name of making some shit income from banks that has been milking us dry since the 70s and 80s.
I don't even know exactly what they have had into people. Saving, just an ordinary interest rate that are insignificant to our life.
Your pictures speak of of just a single solution, invest in cryptocurrency now or wait after 10 years and see your $1000 becomes $10. Such an irony. Cry

The problem with the inflation is that it couldn't really hurt the people if in parallel with the growth of inflation, the wages for the workers are growing which isn't the case because the government is far too corrupt to give workers a leeway.

As long as inflation can be controlled, it is certainly not a problem, even inflation is needed to make production increase, we cannot expect the price of a pack of rice 10 years ago to be the same as today's price, and crypto is the best solution to control inflation.

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Cryptocurrency and fiat currency are two different entities on which they have different way on how they show case their importance as well as their value. Fiat money stored in banks have potential to grow depending on the contract you have with the banking system when it comes to interest rate that is stated on the banking contract you have signed upon creating the account and putting your money into it. In terms of cryptocurrency, the value have a better chance to increase on price because of its nature of volatility. Comparing those two, you can state the storing money in terms of crypto can be better with crypto compared to when it is on bank but there is a high risk that the pump can also gets into dump since it is not a stable market.

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Quote from: Karartma1 on July 11, 2021, 01:21:56 PM

I agree, we have the world economy running under steroids since more than a year: it's like having a drug addict receiving more and more substance, at some point he's gonna break down. This is what's gonna happen at the economy, at some point probably soon, the real economy and the financial economy are going to split for good. And then I hope all of you are prepared for what's gonna happen. You still have time to protect yourself, choose wisely the assets you invest into.

The world economy has been working on steroids for much longer and the name of these steroids is called the policy of quantitative easing, which is resorted to by almost all the economies of the largest developed countries. Simply due to the peculiarities of the functioning of the current global financial system, miraculously, that inflation practically did not affect developed countries, but mainly affected developing economies. The pandemic has further increased the scale of this phenomenon and even more states have enthusiastically printed even more unsecured money. Another question is that the government had practically no choice in the conditions of the economy stopping due to knockdowns.

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