Cyrpto vs Fiat - page 6. | Bitcointalksearch.org

richkellj

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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.

SmartIphone

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Quote from: Mauser on August 14, 2016, 04:27:01 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.

For my everyday Shopping I have to use Fiat as the Supermarket wont accept Bitcoins yet. For my savings I use Bitcoins.

I use fiat too for my everyday use because nobody accepts bitcoin neither heard about bitcoin anywhere but for savings it is good because If i need to I know how to spend them through bitcoin debit cards or selling in person these bitcoin.
Both fiat and bitcoin are good but are used on different places and can't never be equal.

Sponsoredby15

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Crypto Vs. Fiat Fo me i will choose Cryptocurrency because as people here in bitcoin world we use to use bitcoin currency so that we can start investment with this currency and also we can do trading in some altcoin where we can grow our money too. In Fiat if we earn more bitcoin we always change or exchange our coin into fiat so that we can use it in our life.

Mauser

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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.

For my everyday Shopping I have to use Fiat as the Supermarket wont accept Bitcoins yet. For my savings I use Bitcoins.

Sweetbtc

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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

I think crypto currecny is far better than Fiat due to the features like no taxes etc

SmartIphone

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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.

chixka000

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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

Fatanut

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In the offline world, you can't actually use crypto. Most people don't even know it, so fiat is still a necessity if you want to live in this world. I see no downside in fiat as it is accepted anywhere in the world.

In the online world, it's quite easy to earn crypto. It's also easy to use it. The main advantage of fiat over crypto is that you can trade it and earn profit out of just trading for a short while. The disadvantage in using crypto is that you can only use it online, if there's no internet connection, then you can't use it.

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Quote from: noormcs5 on August 14, 2016, 12:43:17 AM

Quote from: madwica on August 08, 2016, 09:11:52 PM

Quote from: Achargeturry78 on August 08, 2016, 08:38:12 PM

for me and i don't think in my country men are where the same techniques i only use cryptocurrency to gamble or to make trade into another coin where i can grow my bitcoins by exchange them or to sell them i also use bitcoin/cyrpto to invest in some website where i can trust my bitcoin with and then if my bitcoin grow i hold it until i need it to buy fiat where it can help me on my daily living or i buy items that more useful to me example foods new clothes etc.

That is the usual thing to do in bitcoin or crypto currency investing, trading and gamble but in the end it will be exchange it to fiat and that OP's title i think that is wrong to have versus i think it would be advantages of crypto currency to fiat or vise versa.

Cryto currency has lot of advantage over Fiat. Even if you see one aspect of trading, you have a lots of option of trading Alts. There are not much option of trading Fiat and also their prices don't change quickly to give quick profit.

In trading case I will accept that because I have noticed many of the people Lost their money in fiat trading This is too high comparatively with cryptocurrency. Crypto acts as payment mode and money as well but fiat is not like that...

noormcs5

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Quote from: madwica on August 08, 2016, 09:11:52 PM

Quote from: Achargeturry78 on August 08, 2016, 08:38:12 PM

for me and i don't think in my country men are where the same techniques i only use cryptocurrency to gamble or to make trade into another coin where i can grow my bitcoins by exchange them or to sell them i also use bitcoin/cyrpto to invest in some website where i can trust my bitcoin with and then if my bitcoin grow i hold it until i need it to buy fiat where it can help me on my daily living or i buy items that more useful to me example foods new clothes etc.

That is the usual thing to do in bitcoin or crypto currency investing, trading and gamble but in the end it will be exchange it to fiat and that OP's title i think that is wrong to have versus i think it would be advantages of crypto currency to fiat or vise versa.

Cryto currency has lot of advantage over Fiat. Even if you see one aspect of trading, you have a lots of option of trading Alts. There are not much option of trading Fiat and also their prices don't change quickly to give quick profit.

beerlover

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Quote from: pereira4 on August 13, 2016, 08:04:48 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.

Indeed, anyone can now start trading without any permission needed. Trading and in general having a bank is a luxury that a smart % of population can afford. Bitcoin is a real gamechanger that can bank 4 billion people, and by then 1 coin will be worth millions of inflation-adjusted dollars.

Cryptos and fiats have their own dominance or superiorities.
In terms of usability, it's obviously fiat's since they have more usability from around the globe, like USD for example. I'm pretty this currency is used at almost all parts of the world, if not, all countries have exchangers that accepts usd.
In terms of transaction speed, it's crypto's since it's almost instant when transferring money with them and it doesn't have that much of a fee (only around 2cents more or less).

Mauser

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Quote from: pooya87 on August 13, 2016, 10:14:49 PM

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.

but that amount of fee is negligible if you are not doing a micro transaction.
in comparison when you send a thousand dollars using normal ways for fiat transfer you have to pay a percentage of the amount which is a very large amount depending on the method you use.
but when you use bitcoin it doesn't matter how big your amount of money is, the fee is always tiny amount.

Yeah the bitcoin fee for transactions is much lower than the fees you have to pay banks. Same with the transaction time, a bank transfer takes 1-3 days depending on the countries involved. With bitcoins it takes a few minutes only.

pooya87

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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.

but that amount of fee is negligible if you are not doing a micro transaction.
in comparison when you send a thousand dollars using normal ways for fiat transfer you have to pay a percentage of the amount which is a very large amount depending on the method you use.
but when you use bitcoin it doesn't matter how big your amount of money is, the fee is always tiny amount.

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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.

bitcoinmasterlord

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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.

Bitcoins are not just only new to many people but mainly used in gambling, porn and some dark market dealings, and it is not much popular in mainstream business. So it takes quite a long time to go to the mainstream and until then fiat is more popular. As of now If I need to use to buy something in my country online then I need to first convert bitcoins to fiat then only I can do online purchases.

raphma

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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?

no no, only one thousands of times.

SmartIphone

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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.

eddyubachs

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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.

BitcoinPC

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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?

For example, if you have fiat money, and you wanna do some investment or trading and any other way but main thing is that you want to utilize your fiat currency, where you get profit monthly or day base, So crypto currency is helpful for those people who know about it, like you and me, so we start investment into crypto currency like bitcoin from fiat money and earn the profit routine vise.

Leonard2016

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Quote from: pereira4 on August 13, 2016, 08:04:48 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.

Indeed, anyone can now start trading without any permission needed. Trading and in general having a bank is a luxury that a smart % of population can afford. Bitcoin is a real gamechanger that can bank 4 billion people, and by then 1 coin will be worth millions of inflation-adjusted dollars.

that is actually a problem with this way it works because now anybody can trade crypto currencies even with no prior knowledge. and this lack of knowledge makes it easy to others to dump their coins on these people who buy into their pumps.

Topic: Cyrpto vs Fiat - page 6. (Read 6947 times)