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Topic: Do you Still believe in Fiat? - page 43. (Read 75164 times)

hero member
Activity: 966
Merit: 517
November 06, 2016, 12:34:47 PM
Yes, I believe in fiat but I think that fiat money will be replaced by crypto next 5-10 years.
I have doubt that it will definitely occur in the coming 5 or 10 years but fiat will still remain in our pockets or in our banks and these fiat are the property of the states and are the national signs of states and they will not want them to disappear from the world finance.
hero member
Activity: 3024
Merit: 745
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November 06, 2016, 10:55:55 AM
I can't remove the fact that if asked between Bitcoin and Fiat Money, I would choose fiat money.  The main reason is that if i choose bitcoin, i have to undergo into trouble of converting it to fiat in order to use it to buy my daily needs.  I do believe in Bitcoin but i cannot ignore fiat money because it is the easiest thing to buy stuff in the neighborhood.

I would the same by choosing fiat as we know that the usage of bitcoin is still limited and the stores that we are going to purchase our needs with the use of bitcoin is still limited, that's why it is going to be hard for us to use bitcoin for it. And we need to convert it first with fiat money in able to use it so I would say, I still believe with fiat.
legendary
Activity: 2954
Merit: 1153
November 06, 2016, 10:28:42 AM
I can't remove the fact that if asked between Bitcoin and Fiat Money, I would choose fiat money.  The main reason is that if i choose bitcoin, i have to undergo into trouble of converting it to fiat in order to use it to buy my daily needs.  I do believe in Bitcoin but i cannot ignore fiat money because it is the easiest thing to buy stuff in the neighborhood.
copper member
Activity: 1330
Merit: 899
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November 06, 2016, 10:01:49 AM
It isn't about paper money but the physically needed valued object, imagine that you have 10 bitcoin and now you want to go shopping, what happens when you buy something? you receive physically present material so you can consider them as fiat money somehow.
Only thing we need now is global acceptance of crypto currencies to forget about the centralized banks with their paper money.
hero member
Activity: 2730
Merit: 552
November 06, 2016, 09:44:58 AM
Easy question to answer in one way:  who is going to refuse Fiat if you offer to give them some?  Another way of answering it is that trusting in Fiat (in most countries) or even the stock market (index type spreads/funds, blue chips) or metals has almost always been a conservative way to keep your money long term.  Chicken Little type fears have often got people selling everything they have to move to rural areas and buy crazy things, join cults, or be imbalanced in other ways.  Diversifying and risk tolerance is important.  
legendary
Activity: 1526
Merit: 1179
November 06, 2016, 08:26:39 AM
Yes, I myself will continue to trust fiat. Because fiat virtually impossible to eliminate. I believe bitcoin will be successful but will not affect fiat because bitcoin will only be successful in the digital currency. Fiat will continue to be used because I think it is too perfect to use in reality and the identity of the country's economy.
There is no point into trusting something just because you are using it on a daily basis.

If I take myself as an example, then I already know that I will be using fiat for many more years since it is basically the only option I have that is accepted and being used everywhere.

Me knowing that I will use fiat for many more years does however not mean that I put a single grain of trust in it. Because I don't.

Everything you own and make with fiat, is subject to the policies that the governments put up where people are constantly seeing their wealth decrease in value, and where you as (normal citizen) tax payer always end up being a victim.

People however don't feel like a victim as they see such governmental behavior as normal, while in some cases it's far from normal.
sr. member
Activity: 284
Merit: 250
November 06, 2016, 08:04:13 AM
Yes, I believe in fiat but I think that fiat money will be replaced by crypto next 5-10 years.
hero member
Activity: 630
Merit: 500
November 06, 2016, 07:47:33 AM
I believe in fiat. and I, too, believe in Bitcoin. Why limit yourself. After all, you can successfully use these kinds of currency at the same time.
Yes we do not need to limit ourselves to earn money, fiat is still exist even bitcoin will be the top crypto currency in the future, fiat is much usable than bitcoin because not all people can access bitcoin specially for the poor individual.
full member
Activity: 242
Merit: 100
November 06, 2016, 03:33:19 AM
I believe in fiat. and I, too, believe in Bitcoin. Why limit yourself. After all, you can successfully use these kinds of currency at the same time.
legendary
Activity: 1218
Merit: 1000
November 06, 2016, 03:22:10 AM
I strongly  believe on fiat  no matter what  because we are dependent on  it  on  daily basis and we cant survive  if  theres  no fiat after all.  Bitcoin is  a  digital currency and  even  though how  bitcoin would   be succesful there  no  chance that  it  would replace fiat anytime soon.  I strongly believe  on fiat.
Yes, I myself will continue to trust fiat. Because fiat virtually impossible to eliminate. I believe bitcoin will be successful but will not affect fiat because bitcoin will only be successful in the digital currency. Fiat will continue to be used because I think it is too perfect to use in reality and the identity of the country's economy.
sr. member
Activity: 375
Merit: 250
November 06, 2016, 02:40:53 AM
I still believe in the fiat of course, the bitcoin will never replace  due to the fact Fiat is way too big
legendary
Activity: 1386
Merit: 1020
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November 06, 2016, 02:39:04 AM
I strongly  believe on fiat  no matter what  because we are dependent on  it  on  daily basis and we cant survive  if  theres  no fiat after all.  Bitcoin is  a  digital currency and  even  though how  bitcoin would   be succesful there  no  chance that  it  would replace fiat anytime soon.  I strongly believe  on fiat.
legendary
Activity: 1066
Merit: 1050
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November 05, 2016, 09:35:29 PM
Yes we still believe in cancer, and in highway robbery.  How can you not believe in these things?  They are everywhere, universally holding back all creatures they contact.  The question is whether or not we can learn to avoid them. 
full member
Activity: 196
Merit: 100
November 05, 2016, 06:18:39 PM
I believe in the fiat. In my purse fiat, fiat in my pockets, I buy coffee at fiat. So why should not I believe it? It will be used for a long time
you are right we are fiat for anything to buy so we strongly believe in fiat and i am sure that fiat will be use for always it will be never replace by another currency and it can be use in anywhere for shopping.
legendary
Activity: 1638
Merit: 1046
November 05, 2016, 01:44:46 PM
I believe that Fiat will still be a long time to live. While there are state and government, will be Fiat. Without it does not do
You are certainly right, fiat will always be here since it is very useful to us. what we need is money and fiat is money and even bitcoin relies on fiat. Bitcoin might be gone in the future but fiat will never be loss in the circulation.
Yeah you are right that fiat is useful currency and fiat is approval by their government and fiat will be survive for always and bitcoin is depend on people adoption if people adopting bitcoin more and more then i hope bitcoin will be survive for long time.
Bitcoin it can be survive for long time but depends on adoption and depends of the investors .. and i think it can be useful until we die because  some bitcoins own by other investors some of them are gone or forgot their wallet as sample they forgot electrum wallet private key with 10k bitcoins.. so it will stay long for ever. so bitcoin will still alive for a long time even many people are sell their bitcoin it will never down again back to below $10.
Fiat s our main money and its controled by government made by banks..
newbie
Activity: 40
Merit: 0
November 05, 2016, 01:37:02 PM
I believe in the fiat. In my purse fiat, fiat in my pockets, I buy coffee at fiat. So why should not I believe it? It will be used for a long time
hero member
Activity: 896
Merit: 514
November 05, 2016, 01:09:30 PM
I believe that Fiat will still be a long time to live. While there are state and government, will be Fiat. Without it does not do
You are certainly right, fiat will always be here since it is very useful to us. what we need is money and fiat is money and even bitcoin relies on fiat. Bitcoin might be gone in the future but fiat will never be loss in the circulation.
Yeah you are right that fiat is useful currency and fiat is approval by their government and fiat will be survive for always and bitcoin is depend on people adoption if people adopting bitcoin more and more then i hope bitcoin will be survive for long time.
hero member
Activity: 1246
Merit: 529
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November 05, 2016, 10:20:03 AM
I believe that Fiat will still be a long time to live. While there are state and government, will be Fiat. Without it does not do
You are certainly right, fiat will always be here since it is very useful to us. what we need is money and fiat is money and even bitcoin relies on fiat. Bitcoin might be gone in the future but fiat will never be loss in the circulation.
what if bitcoin will continue to grow and lasts a long time. This of course will make bitcoin users would be greater than dollar users and bitcoin will shift the dollar as an international currency. and everyone will be using bitcoin? yeah it could happen. but I agree with fiat will not be replaced, and I believe it

well bitcoin may very well be a very significant currency in the future, it actually is being used in a lot of countries already. but i think it won't be able to replace fiat. everything monetary that happens now is depending on the fiat currency and i dont think there would be any changes about that fact in the near future.
hero member
Activity: 840
Merit: 502
November 05, 2016, 09:58:04 AM
i believe in fiat in present time because bitcoin not approval by any government and we can not pay our bills through bitcoin and there is some company who do not accept bitcoin like as we can not pay our school fees or college fees with bitcoin because we still believe in fiat.
That is your choice and its fine but is very unlikely that any government is ever going to back bitcoin since it’s something they cannot control; governments love the printing press, to print as much money as they want when they want so no government I think is going to accept bitcoin like that.
hero member
Activity: 658
Merit: 500
November 05, 2016, 02:46:36 AM
I believe that Fiat will still be a long time to live. While there are state and government, will be Fiat. Without it does not do
You are certainly right, fiat will always be here since it is very useful to us. what we need is money and fiat is money and even bitcoin relies on fiat. Bitcoin might be gone in the future but fiat will never be loss in the circulation.
what if bitcoin will continue to grow and lasts a long time. This of course will make bitcoin users would be greater than dollar users and bitcoin will shift the dollar as an international currency. and everyone will be using bitcoin? yeah it could happen. but I agree with fiat will not be replaced, and I believe it
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