I prefer crypto for many reasons, but I have to use fiat money for everyday purchaces because it's widely accepted.
We may say that cryptocurrencies are about financial freedom and privacy, but we can't make our employers pay salaries in Bitcoins, for example. So fiat wins if we look in this way.
Topic: Cryptocurrency vs. Fiat currency. - page 5. (Read 897 times)
Cryptocurrency vs. Fiat currency, which of the two do you think better?
Both the cryptocurrency and fiat currency is good. We use fiat currency in our daily life to buy our daily life while we use cryptocurrency for the investment. But in some countries, people can use cryptocurrency to buy something, so I think that will depend on what we want because both can be a payment system to buy something.
Yes, both the cryptocurrency and fiat currency have advantages and disadvantages. But people still use fiat than crypto so perhaps, people in out there still think that fiat is better than crypto.
Cryptocurrency vs. Fiat currency, which of the two do you think better? There so many differences between those two kinds of currency, but what currency do you prefer more, what currency suits your wants and needs,
First things first, let us define the two currencies. Cryptocurrency is all the money we have online, it is decentralized and global, it can be bitcoin, etheruem, litecoin, XRP, and many others. which is a currency that is volatile, which means it changes its price day by day, there is no static price to all of it, so it is outstanding in investing and trading in cryptocurrency and patience is what you only need here. While Fiat currencies are those physical currencies that you can touch and use to buy in real life, such as Pesos, dollars, etc. those are what we called the central government, which has a fixed price at all.
Big difference between fiat and crypto currency. Fiat is our daily use we can use it anytime we want but crypto currency is we need first to convert it in fiat currency. Fiat we buy anything we want any store accept fiat but in crypto currency some only accept it and all store accepting crypto currency. First things first, let us define the two currencies. Cryptocurrency is all the money we have online, it is decentralized and global, it can be bitcoin, etheruem, litecoin, XRP, and many others. which is a currency that is volatile, which means it changes its price day by day, there is no static price to all of it, so it is outstanding in investing and trading in cryptocurrency and patience is what you only need here. While Fiat currencies are those physical currencies that you can touch and use to buy in real life, such as Pesos, dollars, etc. those are what we called the central government, which has a fixed price at all.
Cryptocurrency vs. Fiat currency, which of the two do you think better? There so many differences between those two kinds of currency, but what currency do you prefer more, what currency suits your wants and needs,
First things first, let us define the two currencies. Cryptocurrency is all the money we have online, it is decentralized and global, it can be bitcoin, etheruem, litecoin, XRP, and many others. which is a currency that is volatile, which means it changes its price day by day, there is no static price to all of it, so it is outstanding in investing and trading in cryptocurrency and patience is what you only need here. While Fiat currencies are those physical currencies that you can touch and use to buy in real life, such as Pesos, dollars, etc. those are what we called the central government, which has a fixed price at all.
Big difference between fiat and crypto currency. Fiat is our daily use we can use it anytime we want but crypto currency is we need first to convert it in fiat currency. Fiat we buy anything we want any store accept fiat but in crypto currency some only accept it and all store accepting crypto currency. First things first, let us define the two currencies. Cryptocurrency is all the money we have online, it is decentralized and global, it can be bitcoin, etheruem, litecoin, XRP, and many others. which is a currency that is volatile, which means it changes its price day by day, there is no static price to all of it, so it is outstanding in investing and trading in cryptocurrency and patience is what you only need here. While Fiat currencies are those physical currencies that you can touch and use to buy in real life, such as Pesos, dollars, etc. those are what we called the central government, which has a fixed price at all.
After learning about cryptocurrencies I have realized that I need them both equally.
But point is that people dont understand this statement well. Both methods of payment have their pros and cons, issues in usability and the concept of inflation/deflation. But they fail to adjust to what is necessary to use at a certain point of time. You will be more comfortable to pay the local grocery with fiat if they have never allowed crypto at all. But for playing in an online bitcoin casino you will not use fiat.Quote
My local currency is in inflation for which crypto has allowed me to support my family.
That is sad to know. I hope things get better there.Quote
I also think that a global transformation is taking place in the economy caused by Bitcoin and cryptocurrencies. Every day there are more people who join to create solutions with the use of them.
Although this is optimistic, you have to understand the full picture. All those projects ended up failing and falling hard. None of them have been able to come out of debt or develop their MVP to something worth a public use.
It is still premature to raise the question of choice: cryptocurrency or fiat. Cryptocurrency in my country is not yet so widespread that it can be freely used and that it could completely replace the traditional state money with it, even if I wanted to. At this stage, you need to use both cryptocurrency and fiat. And in the future, it is unlikely that we can fully switch to using only cryptocurrency. It seems to me that vseravno periodically there will be various situations when we can not do without the usual currency. It is best to use different types of currencies, because each of them has its own advantages and disadvantages.
Cryptocurrency might be slightly better than fiat but there was several disadvantages from using it and one of them is volatile and i think from this factor too many countries didn't dare to admit cryptocurrency as the currency because maybe they thought the currency should be stable and if the value of the particular currencies not stable or full of volatile then it can makes inflation and that is not good for economy country
Yes, and that's the reason why we don't need to choose between the two currencies, because we could both use them in a daily basis. The very volatile nature of Bitcoin is essential for us investors and the traders, while fiat can be the primary option for payment.
Fiat currency wont be phased out and be replace with Bitcoin. Both will co-exist.
After learning about cryptocurrencies I have realized that I need them both equally. My local currency is in inflation for which crypto has allowed me to support my family.
I also think that a global transformation is taking place in the economy caused by Bitcoin and cryptocurrencies. Every day there are more people who join to create solutions with the use of them.
I also think that a global transformation is taking place in the economy caused by Bitcoin and cryptocurrencies. Every day there are more people who join to create solutions with the use of them.
Cryptocurrency might be slightly better than fiat but there was several disadvantages from using it and one of them is volatile and i think from this factor too many countries didn't dare to admit cryptocurrency as the currency because maybe they thought the currency should be stable and if the value of the particular currencies not stable or full of volatile then it can makes inflation and that is not good for economy country
They are both different from each other and excel on both of their fields,
So it would depend on what we need and what would we do,
You've already given out the information of each currency so you should also know that it would be hard to know whih one is better.
So it would depend on what we need and what would we do,
You've already given out the information of each currency so you should also know that it would be hard to know whih one is better.
You are in the forum of cryptocurrency and especially it is a Bitcoin forum. Expect to get more answers and favor on cryptocurrency and for sure it will be biased.
But I am just surprised for those telling that fiat for daily used?
Why not also cryptocurrency? Because of transaction fees? Well, it is. But there is lightning network already and other cryprocurrency with almost 0 transaction fees.
Well said, Even we are in the section of bitcoin discussion, it won't still be biased because we all have that two kinds of currency, so basically are using that two kinds of money so we can compare both things, anyways those two are a good one, with their purposes.But I am just surprised for those telling that fiat for daily used?
Why not also cryptocurrency? Because of transaction fees? Well, it is. But there is lightning network already and other cryprocurrency with almost 0 transaction fees.
Those comments about fiat are really accurate that it is for daily use because we can use anywhere and anytime, unlike the cryptocurrency. Because there are still some countries that don't accept the bitcoin or any cryptocurrencies in their land so by that, they can say that fiat is more usable for daily, where we can use for our everyday life. Still, cryptocurrency is also useful, especially for investments because it is volatile.
Fiat for daily use.
While bitcoin or cryptocurrency for investment.
It's the embraced use of cryptocurrency today but we have to spend it in the most possible way to enjoy it. I have used it to shop for many times but our society is not yet ready to go all-in with crypto.
Indeed, all that you have said is all true, and there is a big difference between the two kinds of currency, fiat as for daily use and cryptocurrency as for investment as what you have said, it is better to invest the cryptocurrency than fiat because cryptocurrency, as we all know, is volatile which means it changes its price day by day and that is why it becomes useful for investment, investment in cryptocurrency is more convenient compared to fiat currency when it comes for differentiating between the online thing to the manual stuff, it is always convenient in online, such as, gambling, lending, trading, as well as the investments. The idea in the real world is, it has so many processes before you accomplish all the things. While bitcoin or cryptocurrency for investment.
It's the embraced use of cryptocurrency today but we have to spend it in the most possible way to enjoy it. I have used it to shop for many times but our society is not yet ready to go all-in with crypto.
We don't need to choose, because this two are both useful to us like crypto currency that can give profit to us by just buying at low price and sell when price start to increase, we can also use this to have past transaction and to store assets with no government fees and other. And also in fiat currency we can use this to buy our daily needs fiat are many ways to use like buying in store and many more.
Cryptocurrency vs. Fiat currency, which of the two do you think better? There so many differences between those two kinds of currency, but what currency do you prefer more, what currency suits your wants and needs,
I like both, it is very difficult to determine which is better because for me both have their respective functions and advantages. For economic activities in the real world I always use fiat, it is more effective because the adoption of cryptocurrency for payment of daily needs where I have not been seen, after all, making payments for micropayments is more effective with fiat. Whereas I make cryptocurrency as an alternative job to get money, from trading and bounty.
I am sure that most of the members of this forum will choose cryptocurrency, because in my opinion the reality is cryptocurrency is much more
better than fiat currency. I choose cryptocurrency because it can make money from cyptocurrency, by way of trading. Another advantage
cryptocurrency compared to fiat currency is a safer transaction because all transactions are carried out digitally. In my opinion it should be the
government legalized cryptocurrency to be an alternative payment. But as we know the government in some countries still prohibits use of
cryptocurrency as a payment. For reasons that cannot be controlled and the price is volatile.
better than fiat currency. I choose cryptocurrency because it can make money from cyptocurrency, by way of trading. Another advantage
cryptocurrency compared to fiat currency is a safer transaction because all transactions are carried out digitally. In my opinion it should be the
government legalized cryptocurrency to be an alternative payment. But as we know the government in some countries still prohibits use of
cryptocurrency as a payment. For reasons that cannot be controlled and the price is volatile.
Obviously I will side with bitcoin or crypto currency here. The problem though is that it is not that accepted in the country that I am living in so I still need an exchange to use it for payment or if I will be paying bills. For sure, people would pick crypto currency since this is a community or a forum for that but still, we don't have a choice but to still use fiats.
The never-ending debate on who's superior and who is not. I guess there will never be an end for such a comparison between the two since one can always be better than the other in different aspects. For instance, fiat can be accepted anywhere in the world whereas bitcoin is only accepted by a select few. Bitcoin can be sent across borders without having to painstakingly fill out some forms while fiat cannot. You see, depending on the situation, any one of those currency can be better than the other so it's pointless debating this over and over again.
Both currency has differences and i think boths are important. Right now crypto currency not use as a fiat money (if we are not talk about some place because there are some places where btc use as a fiat money). So for buying some thing or using in your daily life we depend on fiat money like dollars.
At this moment people use fiat money to full fill their demands and use crypto currency for invest and savings their asset. But those days not so far when people use crypto currency as a fiat money. Because decentralized financial system is the key to the future.
At this moment people use fiat money to full fill their demands and use crypto currency for invest and savings their asset. But those days not so far when people use crypto currency as a fiat money. Because decentralized financial system is the key to the future.
With all regulations crypto is getting closer to fiat, its impossible to spend crypto without strict KYC on most popular services
I like to use cryptocurrency over fiat currency but in reality, we tend to use Fiat currency for daily activities because of the lack of merchants that accept cryptocurrency.
Among those cryptocurrencies, I would avoid Bitcoin for transaction because it takes a lot of time to wait for the confirmation, I love Bitcoin but it frustrates me to wait several minutes for my payment to be confirmed, and I am forced to use XRP if there is an option to pay with it because of its fast confirmation time. I hope Bitcoin confirmation time can compete with XRP in the near future.
It's a sad reality bro, I am amazed at how bitcoin works but the adaptation is enough to use it on our daily lifestyle. Bitcoin really helps us on our online transaction but it differs on real-life depending on how active or how many merchants in your country are accepting bitcoin. I don't want to be a hypocrite about using bitcoin but I really can't use it on the physical transaction because of lack of stores that are accepting it, I only used bitcoin on a physical transaction for a record of two times on the same merchant, It's really hard to find merchant who is accepting bitcoin but it is more likely easier to find online especially that it is hassle-free and transparent. Among those cryptocurrencies, I would avoid Bitcoin for transaction because it takes a lot of time to wait for the confirmation, I love Bitcoin but it frustrates me to wait several minutes for my payment to be confirmed, and I am forced to use XRP if there is an option to pay with it because of its fast confirmation time. I hope Bitcoin confirmation time can compete with XRP in the near future.
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