Topic: Cyrpto vs Fiat - page 8. (Read 6963 times)
I find fiat the most liquid asset that I've ever owned and it's easy to spend anywhere, both in a Brick and Mortar store as well as online. I can withdraw fiat from an ATM anywhere in thousands of machines near my home. I can carry it in my wallet and probably using plastic cards. Crypto on the other hand is good for making my spendings online, cause I can't use Paypal to buy on international websites. Crypto enables me to trade in a decentralized manner without prying eyes.
Crypto currencies have small market if we compare to FIAT market. Shops and Banks use only FIAT. Crypto is like very small dedicated market to computer users. With time, may be banks will start to implement crypto currencies too 
Fiat Currencies are more stable and there are few of them. whereas these days you will find every other person developing his Altcoin to get short term profit and scamming people. I guess only bitcoins and few other stable Altcoins are still better than Fiat.
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 you could tell me why too. What are the benefit of each?
right now, I'm selling cryptoc for fiat just because btc isn't spread enough to be used for normal everyday life, in the future when it has more viable use for everyday life items, I'd totally switch to btc as a main currency.
Actually, this both Crypto and fiat are good. So, i pick both Crypto and fiat, because fiat is very important in real life and everyone need it and for online i can use crypto.
If you sending fiat between country let say from Singapore to Netherland, you need quite high fee to paid.
The story will be different if you're using bitcoin ( crypto ) which is faster and the cheapest among fiat !
thats true, cryptos are the best currencies that are out there right now, i hope that holding it will give me really big profit though anything possible The story will be different if you're using bitcoin ( crypto ) which is faster and the cheapest among fiat !
If you sending fiat between country let say from Singapore to Netherland, you need quite high fee to paid.
The story will be different if you're using bitcoin ( crypto ) which is faster and the cheapest among fiat !
The story will be different if you're using bitcoin ( crypto ) which is faster and the cheapest among fiat !
Crypto currencies have small market if we compare to FIAT market. Shops and Banks use only FIAT. Crypto is like very small dedicated market to computer users. With time, may be banks will start to implement crypto currencies too
i will vote for both of them, for me both are beneficial, especially crypto is a best source of incoe for me and I will choose for fiat because nowadays everyone accept the payment with fiat, but still if we start shopping online then it will mot be hard for us to buy anything from internet.
yeah will be different when cryptocurrency selection has been accepted by everyone and we did not find any difficulty to shop using crypto or bitcoin. of course I could easily choose bitcoin or crypto as a major currency. but in fact you can not shop in addition to using fiat
I'm using Crypto in online world. As long as I'm online, I can earn it anytime and anywhere, no boundaries. I can manage it myself too, send and receive payments, trade and invest. I have a full control of my earnings. On the other side, I use fiat on my everyday life, I earn it on my full time job. I can spend it anytime and anywhere on different stores, but of course there is tax deduction.
Yeah you are right. That is one big advantage of cryptocurrency, it is widely used in online. It makes transaction online very easy and fast plus the fact that there are a lot of ways to earn these cryptocurrency without putting an initial investment. But it also has its limit and that is it can be used in real life. You cannot use your cryptocurrency in buying coffee in your favorite coffeshop or paying your monthly amortizatization.
I think currently both are better, as in offline world most of the people do not know about that crypto coins and so we are uable to pay with that currencies while in online world crypto is working much better and have a lot of good features with which we are getting a good profit also and now everyone prefer bitcoin for their online business so we can say both are better for now.
That should be how we think. We should be understanding the people who doesnt know it. They need the fiat, they cant do businesses or cant buy anything without it. Crypto have its own use for people who knew it.
i will vote for both of them, for me both are beneficial, especially crypto is a best source of incoe for me and I will choose for fiat because nowadays everyone accept the payment with fiat, but still if we start shopping online then it will mot be hard for us to buy anything from internet.
That's right using both of them is very beneficially, but I not sure in this time the crypto has become a best income for your. after seeing the market the price of bitcoin is dropping for drastically and what the irony for that.
I think currently both are better, as in offline world most of the people do not know about that crypto coins and so we are uable to pay with that currencies while in online world crypto is working much better and have a lot of good features with which we are getting a good profit also and now everyone prefer bitcoin for their online business so we can say both are better for now.
i will vote for both of them, for me both are beneficial, especially crypto is a best source of incoe for me and I will choose for fiat because nowadays everyone accept the payment with fiat, but still if we start shopping online then it will mot be hard for us to buy anything from internet.
True this time we can not let go and choose one between fiat and crypto. I think we have to use them because we have an interest in bothwe can not let go of fiat although the main income of bitcoin because the current fiat is the main currency used for shopping
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.
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 you could tell me why too. What are the benefit of each?
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.
Fiat have same amount of assets stored to keep value of fiat stable where as crypto value is market and community driven, which is fixed by community with demand vs supply calculation.
Crypto is oppurtunity to earn more where as fiat gives the value to crypto. I think both have their own benifit and are connected in sense of giving value to each other.
Crypto is oppurtunity to earn more where as fiat gives the value to crypto. I think both have their own benifit and are connected in sense of giving value to each other.
crypto currency is the future of money. I am sure in the future all Actual currency will make their crypto Versions. like Dollars, Found, Euro and all. they will become decentralized in the future. because world is getting digital.
Each type of currency comes with own set of benefits. FIat is regulated and accepted everywhere. That is the major benefit of fiat currency.
On the other hand crypto is not regulated by any one and also not accepted everywhere. The acceptance level is still quite low. The fiat currency price is not very dynamic whereas the crypto prices are very much dynamic. It can go up to any level and go down to any level as well.
On the other hand crypto is not regulated by any one and also not accepted everywhere. The acceptance level is still quite low. The fiat currency price is not very dynamic whereas the crypto prices are very much dynamic. It can go up to any level and go down to any level as well.
Like all the others here I really like to have both.
And i can really see no reason why I should give up any of those two
Fiat is for the bills, for my real life.
And crypto is an experemental thing, I would call it my hobby.
yeah i also have both of them but i would really like if it was possible to pay all of my bills only with bitcoins and nothing else, i think cryptos give people more freedom And i can really see no reason why I should give up any of those two
Fiat is for the bills, for my real life.
And crypto is an experemental thing, I would call it my hobby.
http://www.dugcampbell.com/wp-content/uploads/2014/12/Traits-of-Money.png
This is probably one of the best charts that exist for getting a good understanding of the differences between most of the common stores of value. Basically currencies have everything that fiat doesn't have (assuming it is a "traditional" cryptocurrency like Bitcoin") and it is a better form of money overall. I personally still prefer having physical cash, but crypto does technically do things better.
This is probably one of the best charts that exist for getting a good understanding of the differences between most of the common stores of value. Basically currencies have everything that fiat doesn't have (assuming it is a "traditional" cryptocurrency like Bitcoin") and it is a better form of money overall. I personally still prefer having physical cash, but crypto does technically do things better.
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