Cyrpto vs Fiat - page 4. | Bitcointalksearch.org

Oralmat

hero member

Activity: 588

Merit: 500

Quote from: DOGE12321 on August 01, 2016, 02:24:49 AM

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each?

Actually both are versus with each other, i mean both are valuable in their own place. Now it is a time of computer and laptop so mostly people refer to use online investment and trading. So those kind of people are prefer to bitcoins. But it doesn't mean that we ignore the fiat currency. Fiat currency is a part of our life and we use it anywhere without any problem and many people want to do business with fiat currency even they have no interest in Bitcoins and other crypto currencies.

X-ray

hero member

Activity: 3094

Merit: 537

Leading Crypto Sports Betting & Casino Platform

Quote from: JessicaSe on August 22, 2016, 06:36:44 AM

Quote from: Cereberus on August 22, 2016, 06:17:41 AM

Both have their uses. I prefer more crypto because I and only I am in charge of all of my money. Whenever I like I can make a very large transfer without giving account to anyone. Its not the same when you go to the bank and they ask you all sort of things if you wanna move a large sum of money internationally or even locally sometimes. I cannot live my life without crypto that for sure but also without USD which is my currency. Crypto is better as is anonymous and it makes your life much easier.

Crypto is good for online transfers and for online shopping as it involves very less fess, but for buying physical things I still prefer to go with fiat as its very easy to use and it is accepted everywhere.

buying physical things can be done through online,i think you're talking about offline transaction,and to be honest bitcoin is not that effective for offline transaction but for online transaction bitcoin is number one it have very less fees and also the simplicity and not going to face the complexity of needs to upload your govt documents

bitdumper

sr. member

Activity: 266

Merit: 250

One world One currency, Bitcoin.

cryptos are far better than faints in every features just faint only have a advantage on refund service because banks control all the money in the country and nobody is controlling bitcoin

gerXhonza

hero member

Activity: 812

Merit: 1000

Quote from: smho_16 on August 22, 2016, 06:40:55 AM

Quote from: Cereberus on August 22, 2016, 06:17:41 AM

Both have their uses. I prefer more crypto because I and only I am in charge of all of my money. Whenever I like I can make a very large transfer without giving account to anyone. Its not the same when you go to the bank and they ask you all sort of things if you wanna move a large sum of money internationally or even locally sometimes. I cannot live my life without crypto that for sure but also without USD which is my currency. Crypto is better as is anonymous and it makes your life much easier.

I agree with you that crypto is better as we can gamble and watch porn anonymously , industries which are flourishing nowadays and some even say exploding. Its no wonder 60 % of the GDP of the US comes from the red light industry. I use bitcoin for anonymous activities like the ones described above but fiat is also need for everyday spendings. I also keep the majority of my money in bitcoins for better security.

Yup we need both at a moment and cannot simply depend on only one for living, as bitcoin is the best when it comes to online world, but in real world fiat is still an important part of our lives.

smho_16

sr. member

Activity: 420

Merit: 250

Quote from: Cereberus on August 22, 2016, 06:17:41 AM

Both have their uses. I prefer more crypto because I and only I am in charge of all of my money. Whenever I like I can make a very large transfer without giving account to anyone. Its not the same when you go to the bank and they ask you all sort of things if you wanna move a large sum of money internationally or even locally sometimes. I cannot live my life without crypto that for sure but also without USD which is my currency. Crypto is better as is anonymous and it makes your life much easier.

I agree with you that crypto is better as we can gamble and watch porn anonymously , industries which are flourishing nowadays and some even say exploding. Its no wonder 60 % of the GDP of the US comes from the red light industry. I use bitcoin for anonymous activities like the ones described above but fiat is also need for everyday spendings. I also keep the majority of my money in bitcoins for better security.

JessicaSe

legendary

Activity: 840

Merit: 1000

Quote from: Cereberus on August 22, 2016, 06:17:41 AM

Both have their uses. I prefer more crypto because I and only I am in charge of all of my money. Whenever I like I can make a very large transfer without giving account to anyone. Its not the same when you go to the bank and they ask you all sort of things if you wanna move a large sum of money internationally or even locally sometimes. I cannot live my life without crypto that for sure but also without USD which is my currency. Crypto is better as is anonymous and it makes your life much easier.

Crypto is good for online transfers and for online shopping as it involves very less fess, but for buying physical things I still prefer to go with fiat as its very easy to use and it is accepted everywhere.

Cereberus

legendary

Activity: 910

Merit: 1000

Both have their uses. I prefer more crypto because I and only I am in charge of all of my money. Whenever I like I can make a very large transfer without giving account to anyone. Its not the same when you go to the bank and they ask you all sort of things if you wanna move a large sum of money internationally or even locally sometimes. I cannot live my life without crypto that for sure but also without USD which is my currency. Crypto is better as is anonymous and it makes your life much easier.

icecube45

legendary

Activity: 1218

Merit: 1000

Crypto and fiat different and each have their uses. In the modern era later both were needed. If we use crypto to digital and it can be easier for us to use it online. And using fiat for daily needs.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: goldcoinminer on August 22, 2016, 03:50:25 AM

Fiat will win because bitcoin is still new and it has not achieve massive adoption yet. Government impose a law on using fiat as the legal tender so it cannot be replace with bitcoin otherwise we are violating the law if the government will be mad at us. They have the power so they can do everything to protect their interest.

Yes and Government will never support bitcoin as they cannot control it and even people would be satisfied in using fiat as they find it convenient and easy to use.

goldcoinminer

hero member

Activity: 952

Merit: 500

Fiat will win because bitcoin is still new and it has not achieve massive adoption yet. Government impose a law on using fiat as the legal tender so it cannot be replace with bitcoin otherwise we are violating the law if the government will be mad at us. They have the power so they can do everything to protect their interest.

Barbut

hero member

Activity: 1694

Merit: 502

★Bitvest.io★ Play Plinko or Invest!

First to say that this kind of threads was created before, and I didn`t saw nothing new in all this comments. Bitcoin cant be compared with fiat, at least not yet. With fiat we can do many things, and we can use fiat to pay different bills, with bitcoins we can have fun on internet, and make more money, in some modern countries maybe people can do even more.
Online currencies have future, and bitcoin have potential to be much more, time will tell how much bitcoin can grow.

darklus123

hero member

Activity: 1246

Merit: 588

Quote from: darklus123 on August 15, 2016, 02:30:06 AM

Quote from: naidray on August 15, 2016, 02:26:05 AM

Quote from: chixka000 on August 14, 2016, 08:01:47 AM

Quote from: shinratensei_ on August 14, 2016, 05:57:52 AM

Quote from: eddyubachs on August 13, 2016, 01:35:15 PM

Quote from: chixka000 on August 13, 2016, 12:09:30 PM

For now we can't consider bitcoin yet to be in the same level of fiat or i think it would never happens. But comeon bitcoin allows you to transfer fiat to your love ones in somewhere else in the world with no fees.

There is a fee but its very minimum in compare to banks and other payment systems, but a moment fiat is more popular and much more in demand in compare to bitcoins as bitcoin is still very new to many people.

Not just in a moment, maybe you're know about this, it's already a long time before bitcoin is born, fiat is already become a global payment in the world but fiat having a various form in every country but all of that is still included on the fiat type.

Yes whats good about bitcoin is that we can use only one currency. But the problem is that i think bitcoin price was based on US dollars so it would of course still affect when you converted it to other country

Both have their own benefits.
Fiat is superior on it's physical usability as of present market adoption basis in the real world while cryptos is superior in the virtual world, well, that's if they are accepted in almost every site that is.
In near future, economical experts predict almost 92% world shopping will be through on the go basis. So, for digital world, crypto would be the better solution.

Since we are talking about the future yes it is really possible that most shoppings will be done by online world. But i think still most of them is either uses paypal or visa or credit cards.

Yes, but the thing that bitcoin users are getting bigger i hope bitcoin will be invovle soon. Paypal credit cards and visa still both involves fiat. That is why it is still the most widely used because they can easily identify their users

groll

sr. member

Activity: 336

Merit: 250

For security reason I would choose crypto because using it is very safe and hassle free. It would only take time to transfer and receive money with a small fee. Unlike fiat where if you are very forgetful, you could lost it and cannot do anything about it. But if I would buy things like groceries and food from market and restaurants I would go for fiat as it is acceptable of course since there is no restaurant here that accept bitcoin as payment. But for paying bills I would go for crypto as it is faster and safer means of paying your bills.

darklus123

hero member

Activity: 1246

Merit: 588

Quote from: chixka000 on August 21, 2016, 12:22:01 AM

Quote from: serjent05 on August 14, 2016, 12:01:47 PM

Quote from: chixka000 on August 14, 2016, 04:00:49 AM

Quote from: eddyubachs on August 13, 2016, 01:35:15 PM

Quote from: chixka000 on August 13, 2016, 12:09:30 PM

For now we can't consider bitcoin yet to be in the same level of fiat or i think it would never happens. But comeon bitcoin allows you to transfer fiat to your love ones in somewhere else in the world with no fees.

There is a fee but its very minimum in compare to banks and other payment systems, but a moment fiat is more popular and much more in demand in compare to bitcoins as bitcoin is still very new to many people.

Sorry it was a mistake i am actually referring to the tax that our government is taking from us. I guess it is also the main reason why more countries does not consider bitcoin as a currency because it would hard for them to track those people who does not pay taxes

Well that might be one of the reason why government is hesitant in recognizing bitcoin as an international currency. But government is clever, they might not tax all people with regular taxes but they implemented this value added tax in my country where even a kid is paying tax to the government. It is attached in goods and services and the client have to pay it.

Yes right, if they cant get you a tax for bitcoin mining then they will find an alternative to caught your farming. I mean you can really never pay taxes while earning decent bitcoin mining but they can still find ways

Then if thats the case. It would be much better if the government will still not be able to control bitcoin transactions but as a citizen it is really our responsibility to pay for our country. Another disadvantage of this is that bitcoin could still be used in fraud but government do not know about it in order for them to take actions

chixka000

hero member

Activity: 910

Merit: 500

Quote from: serjent05 on August 14, 2016, 12:01:47 PM

Quote from: chixka000 on August 14, 2016, 04:00:49 AM

Quote from: eddyubachs on August 13, 2016, 01:35:15 PM

Quote from: chixka000 on August 13, 2016, 12:09:30 PM

For now we can't consider bitcoin yet to be in the same level of fiat or i think it would never happens. But comeon bitcoin allows you to transfer fiat to your love ones in somewhere else in the world with no fees.

There is a fee but its very minimum in compare to banks and other payment systems, but a moment fiat is more popular and much more in demand in compare to bitcoins as bitcoin is still very new to many people.

Sorry it was a mistake i am actually referring to the tax that our government is taking from us. I guess it is also the main reason why more countries does not consider bitcoin as a currency because it would hard for them to track those people who does not pay taxes

Well that might be one of the reason why government is hesitant in recognizing bitcoin as an international currency. But government is clever, they might not tax all people with regular taxes but they implemented this value added tax in my country where even a kid is paying tax to the government. It is attached in goods and services and the client have to pay it.

Yes right, if they cant get you a tax for bitcoin mining then they will find an alternative to caught your farming. I mean you can really never pay taxes while earning decent bitcoin mining but they can still find ways

SmartIphone

legendary

Activity: 1204

Merit: 1000

Quote from: Yakamoto on August 19, 2016, 04:10:34 PM

Quote from: SmartIphone on August 19, 2016, 04:05:51 PM

Quote from: JeffBrad12 on August 15, 2016, 12:52:02 AM

Quote from: harizen on August 13, 2016, 10:01:19 PM

Maybe the transaction speed is the same or faster than bitcoin but are the fees the same or at least similar? I doubt!
Sometimes fiat is better and faster and zero fees but sometimes making international transfers it takes lots of fees and time.

This very useless to discuss which faster in the transaction bitcoin or fiat, because the basically transaction is always same just different in their fees and the institution is providing transaction service.

Have you tried to make a transaction at weekend?
Have you ever tried to make an international transfer? Or when there are holidays?
If not then i can tell you that the transaction speed is not same comparing to crypto which is almost instant.

Well, crypto isn't instant, but it is much faster when you compare it to what you're saying. There is definitely a considerably different rate of transaction between the two entities. Most service-based entities that offer global/international transactions are pretty poor anyways, and it takes a while for the transaction to go through even on the best of days. There simply isn't enough speed with it for it to be worth it most of the time. Bitcoin offers a considerably cheaper and faster alternative to international exchange and transfer services.

I made my word in bold style, I said "almost", if you are lucky the transaction can be confirmed within a minute.
Same goes with doge or ethereum, we don't need hours for a transaction to be confirmed, or days like the traditional bank transactions.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: SmartIphone on August 19, 2016, 04:05:51 PM

Quote from: JeffBrad12 on August 15, 2016, 12:52:02 AM

Quote from: SmartIphone on August 14, 2016, 04:22:30 AM

Quote from: harizen on August 13, 2016, 10:01:19 PM

Quote from: SmartIphone on August 13, 2016, 02:01:04 PM

Quote from: DOGE12321 on August 01, 2016, 02:24:49 AM

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each?

Each of them fiat and crypto has its own place in our lifes, sometimes it is better to make payments on bitcoin rather on fiat because of the time that takes but also the fees which are much lower on bitcoin.
If you need to pay in fiat through credit card then it is a good way to use paypal to cover the card details and more secure.

In most of the cases, especially here in my country, in terms of fast transactions, bitcoin and fiat transfers/payments almost have no difference. I have a bank account that has an online banking which transfer is really instant, the same way I experienced in using bitcoin.

And Im sure it's present now in most of the countries as my country considered as still in third world country but it already has a services like that.

Maybe the transaction speed is the same or faster than bitcoin but are the fees the same or at least similar? I doubt!
Sometimes fiat is better and faster and zero fees but sometimes making international transfers it takes lots of fees and time.

This very useless to discuss which faster in the transaction bitcoin or fiat, because the basically transaction is always same just different in their fees and the institution is providing transaction service.

Have you tried to make a transaction at weekend?
Have you ever tried to make an international transfer? Or when there are holidays?
If not then i can tell you that the transaction speed is not same comparing to crypto which is almost instant.

Well, crypto isn't instant, but it is much faster when you compare it to what you're saying. There is definitely a considerably different rate of transaction between the two entities. Most service-based entities that offer global/international transactions are pretty poor anyways, and it takes a while for the transaction to go through even on the best of days. There simply isn't enough speed with it for it to be worth it most of the time. Bitcoin offers a considerably cheaper and faster alternative to international exchange and transfer services.

SmartIphone

legendary

Activity: 1204

Merit: 1000

Quote from: JeffBrad12 on August 15, 2016, 12:52:02 AM

Quote from: SmartIphone on August 14, 2016, 04:22:30 AM

Quote from: harizen on August 13, 2016, 10:01:19 PM

Quote from: SmartIphone on August 13, 2016, 02:01:04 PM

Quote from: DOGE12321 on August 01, 2016, 02:24:49 AM

I don't know if this thread has been created before, but I would like to know your opinion on Cryptocurrency versus Fiat.

If you could tell me why too. What are the benefit of each?

Each of them fiat and crypto has its own place in our lifes, sometimes it is better to make payments on bitcoin rather on fiat because of the time that takes but also the fees which are much lower on bitcoin.
If you need to pay in fiat through credit card then it is a good way to use paypal to cover the card details and more secure.

In most of the cases, especially here in my country, in terms of fast transactions, bitcoin and fiat transfers/payments almost have no difference. I have a bank account that has an online banking which transfer is really instant, the same way I experienced in using bitcoin.

And Im sure it's present now in most of the countries as my country considered as still in third world country but it already has a services like that.

Maybe the transaction speed is the same or faster than bitcoin but are the fees the same or at least similar? I doubt!
Sometimes fiat is better and faster and zero fees but sometimes making international transfers it takes lots of fees and time.

This very useless to discuss which faster in the transaction bitcoin or fiat, because the basically transaction is always same just different in their fees and the institution is providing transaction service.

Have you tried to make a transaction at weekend?
Have you ever tried to make an international transfer? Or when there are holidays?
If not then i can tell you that the transaction speed is not same comparing to crypto which is almost instant.

angryswamp

sr. member

Activity: 268

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: darklus123 on August 15, 2016, 02:12:24 AM

Quote from: Bitcoinpro on August 15, 2016, 01:58:15 AM

Fiat has been lifted by Crypto

what do you certainly mean that fiat was been lifted by crypto sir?. I dont think so but one thing is for sure it affects of course the currencies in the world but i can't consider yet that btc lifted them up

fiat is not controlled by cryptos if he meant that but in my opinion cryptos are controlled by fiat a lot

n691309

legendary

Activity: 1526

Merit: 1001

Quote from: Yakamoto on August 14, 2016, 06:03:02 PM

Quote from: n691309 on August 14, 2016, 04:54:11 PM

Quote from: Cuidler on August 02, 2016, 05:52:04 PM

Quote from: n691309 on August 02, 2016, 05:05:04 PM

Sometimes wins fiat sometimes wins crypto. For a more stable value is fiat which its value decreases or increases slowly comparing with bitcoin or other coins which the value increases or decreases very fast, check the most recent price of bitcoin and you can see how far has dropped, bitcoin is good, fast enough and cheap to use but the value is not as we want.

One Bitcoin equeals one Bitcoin no matter what price the illiquid exchanges trade the Bitcoin for. Not many people trade at these exchanges, thats why any suden activity in trade can move the price a lot (up or down). But wait longer periods and average out and the short term price moves from illiquid markets are not big issue anymore - to accomplish this you might buy or sell small sums at regular intervals regardless of price for longer interval, then you get much fairer price from this averaging. But obviously if you dont need to buy or sell, you still holding the same amount of Bitcoins (or percentage of all Bitcoins) no matter what.

One bitcoin is one bitcoin but the price does matter really too much because people would not be interested if the bitcoin price gets at two digits or lower and if the price gets higher than now then people will be more interested and will spend their fiat to convert them in fiat.

One Bitcoin would be valued at one Bitcoin if I was able to buy the basic materials that I need for good X or Y straight from the supplier. Since that isn't a thing, we have to value Bitcoin in dollars because at some point it has to be exchanged for everyone to meet their needs. The only way that one Bitcoin could be valued as one Bitcoin would be if everyone can pay for everything they need in Bitcoin, going back to the very basic material suppliers. until that is possible, Bitcoin needs to have a dollar value associated with it.

Bitcoin price can be ignored only if those that have bitcoin mixers then the bitcoin price does not matter too much because they operate in bitcoin and are not linked to fiat or something that is valued in fiat. Otherwise fiat has its impact to bitcoin and we can't do anything about that.

Topic: Cyrpto vs Fiat - page 4. (Read 6963 times)