Cyrpto vs Fiat - page 5. | Bitcointalksearch.org

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: extrabyte on August 15, 2016, 12:12:11 PM

Quote from: HaXX0R1337 on August 14, 2016, 06:11:09 PM

I think that crypto is always better than fiat, because if you can get to web, you are able to withdraw your money everywhere.
It is not possible with fiat, because not every bank has ATM's worldwide, or ATM services are worldwide. That is why i prefer crypto

well, this is right that crypto is accessible all over ther world if you have your private keys and if you use online wallet, and it is pretty much great feature of crypto.
but now adays your money is also accessible and movable to all over the world no matter if everybank don't have ATM etc, there are lots of other money transfer systems are available to cashout the money all over the world.

sometimes ATM transaction doesn't allow international transaction or limit it which gives us as a user such a unpleased feels,different with bitcoin which have really low restriction on it or even spend whatever you wanted to spend,just keep in mind to pay the fee for the sake of your own transaction not for the sake of any company

adriaymati58

hero member

Activity: 812

Merit: 501

The comparison right now is just in principle since crypt's are just crawling on the land while fiat is the currency accepted and used worldwide, The comparison between paper and electronic money "CC and the like" would be more interesting.

extrabyte

legendary

Activity: 840

Merit: 1000

Quote from: HaXX0R1337 on August 14, 2016, 06:11:09 PM

I think that crypto is always better than fiat, because if you can get to web, you are able to withdraw your money everywhere.
It is not possible with fiat, because not every bank has ATM's worldwide, or ATM services are worldwide. That is why i prefer crypto

well, this is right that crypto is accessible all over ther world if you have your private keys and if you use online wallet, and it is pretty much great feature of crypto.
but now adays your money is also accessible and movable to all over the world no matter if everybank don't have ATM etc, there are lots of other money transfer systems are available to cashout the money all over the world.

setupbounds

hero member

Activity: 910

Merit: 509

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?

Well both cryptocurrency and fiat money have advantages as well as disadvantages.

Let’s begins with fiat money, it’ve been exist in this world for a long long time so there is no wonder why it’s very easy to use anywhere that accept that kind of fiat money, anytime and it’s stable but there is one thing, it’s not safe to carry a bunch of money in your body than to have it secured in an online wallet.

So, now cryptocurrency would be better. Although it’s fluctuating a lot and not stabilised at any price, crypto coins is still a good choice when it comes to buying, holding, earning by many ways, etc.

To me, I choose both of them because I want to take advantage of each in real life and online world.

darklus123

hero member

Activity: 1246

Merit: 588

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.

naidray

legendary

Activity: 1232

Merit: 1029

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.

darklus123

hero member

Activity: 1246

Merit: 588

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

Bitcoinpro

legendary

Activity: 1358

Merit: 1000

Fiat has been lifted by Crypto

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

Well, the most simple good part of fiat currency would have to be that you can use it anywhere and everywhere in your own country. Even online you can use Fiat without a problem, the one bad thing about this is that your usage can be tracked, but this is only for stuff like bank transactions as cash can't really be traced.

Crypto is very anonymous if you follow a good some good measures and such, I personally like Crypto-Currencies as an investment and I like using it a bit more then FIAT currency online as it feels a bit nicer, no clue why though.

Yeah so theirs my take on all of that!

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

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.

TGD

hero member

Activity: 1288

Merit: 620

Wen Rolex?

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?

If your in trading I much better for you to trade with crypto than Fiat. Fiat money is stable and only small amount you will earn trade with it not like crypto the price not stable if you are skill enough you will more in buy and sell it.

darklus123

hero member

Activity: 1246

Merit: 588

Quote from: 1Referee on August 01, 2016, 02:53:39 AM

Bitcoin advantages;

~ Decentralization aspect.
~ Storing money outside the banking system.
~ Sending and receiving money instantly around the world where the amount doesn't matter.
~ Great currency for online payments.
~ Blockchain that can be used for various purposes.
~ Fixed coin cap.
~ Amount of coins pumped in the economy halves every 4 years.

Fiat advangates;

~ Acceptance everywhere in the world.
~ Best payment tool in the offline market.

Added to fiat advantages it is much stable than bitcoin. The stability of bitcoin price was for me the biggest problem. This is mainly the reason why other people does not accept this one yet.

Amazon Reseller

newbie

Activity: 34

Merit: 0

Crypto always top.. Bitcoin king of crypto

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: richkellj on August 14, 2016, 05:17:06 AM

Quote from: justdimin on August 09, 2016, 02:47:07 PM

The biggest win of crypto versus fiat is that crypto is global, fiat is local.
You have dollars, sterling, euro and MANY more fiats that you have in your country and it is really difficult to take it
outside of your country, has a lot of fees. With crypto you need not any forex exchange and you can carry it instantly around the world anywhere you want without any fee and you can send it to anyone around the world without any additional fee.

Yes, you’re right, fiat money is only easy to use when that’s your local currency and you’re in your country then you can do anything with your fiat money. However, when you’re out of your comfort zone, cryptocurrency will do its magic.

It’s international so you don’t have to worry about exchanging money if you go to other country and it’s tax-free so you can save a huge amount of money and get profit from it while fiat can’t.

That's right cryptocurrency will be useless if I'm in my country but if I wanna to travelling in another country the cryptocurrency can become a good way because you can exchange your bitcoin into what a currency is you want. well for me to traveling in another country is better for using bitcoin.

HaXX0R1337

sr. member

Activity: 574

Merit: 252

I think that crypto is always better than fiat, because if you can get to web, you are able to withdraw your money everywhere.
It is not possible with fiat, because not every bank has ATM's worldwide, or ATM services are worldwide. That is why i prefer crypto

Yakamoto

legendary

Activity: 1218

Merit: 1007

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.

n691309

legendary

Activity: 1526

Merit: 1001

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.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

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.

chixka000

hero member

Activity: 910

Merit: 500

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

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

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.

Topic: Cyrpto vs Fiat - page 5. (Read 6947 times)