Do you Still believe in Fiat? - page 57.

asdalani

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Quote from: 0day on July 31, 2016, 03:15:28 PM

First point is that bitcoin is being used by every country their citizens just need an internet connection to take start with it, and it is true that bitcoin is not accepted by offline shops but you can easily use it online for shopping those things which you need for your offline life, and if bitcoin started to be accepted in offline life then I think the fiat will be converted by everyone to bitcoin in order to make it secure and to use t there.

That could happen. But it will take several decades for the bitcoin to be widely used in every country.

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Quote from: ethereumhunter on July 31, 2016, 02:55:49 AM

i still believe in fiat, because in my offline life, there is no store that receive bitcoin as payment. because bitcoin still not accepting by every country and there are a few country that already accepting bitcoin as their payment. and if bitcoin is available on every store in my country, then maybe i use fiat as my investment Grin

First point is that bitcoin is being used by every country their citizens just need an internet connection to take start with it, and it is true that bitcoin is not accepted by offline shops but you can easily use it online for shopping those things which you need for your offline life, and if bitcoin started to be accepted in offline life then I think the fiat will be converted by everyone to bitcoin in order to make it secure and to use t there.

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Quote from: Maesters1- on July 31, 2016, 12:42:43 PM

Quote from: jakelyson on July 31, 2016, 02:04:05 AM

Quote from: Kvazimoda on July 31, 2016, 01:50:01 AM

Quote from: jakelyson on July 31, 2016, 12:30:21 AM

Quote from: romero121 on July 25, 2016, 08:40:23 AM

Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

We measure bitcoin thru fiat because it is the maintream and we exchange it with bitcoin. But once bitcoin is widely accepted and can purchase anything with it, then we do not need to measure it with fiat. The only thing it will be is in trading or forex.

Only when all the foreign currency will disappear, the Bitcoin, acquire real meaning. While Bitcoin is one of many means of payment, Bitcoin's popularity will not be too large. Until it's time for Bitcoin. In the best case, Bitcoin, you can save up to better times. Hoping that Bitcoin will be the only currency worldwide.

I do not believe and I do not want bitcoin to be the only currency in the world. I earn a lot trading it with other currency, so why would I want that? That will only mean I will lose a source of income. I just want it to be widely accepted and more purchasing power. I think that is enough.

no i am not agree with you. i want bitcoin to become a global currency, and it come the one and only currency of the world and all the people of the world do trading in one currency having equal value every where, but the problem is that in current time bitcoin is not so much popular and applicable every where therefore we cannot ignore the importance of bitcoin in present time. but still i am hopeful that a time will come when all the people will be using bitcoin in every corner of the world.

Bitcoin can not replace all the world's money. It's just not enough for everyone. The total amount of Bitcoin money is limited. You can imagine what will happen when will a lack of money in the world ?! Most likely, there will come an economic collapse. You want to be like that ?!

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Quote from: ethereumhunter on July 31, 2016, 02:55:49 AM

i still believe in fiat, because in my offline life, there is no store that receive bitcoin as payment. because bitcoin still not accepting by every country and there are a few country that already accepting bitcoin as their payment. and if bitcoin is available on every store in my country, then maybe i use fiat as my investment Grin

i never believe in fiat right now, and i really try to not use it even in real life, i think it would be better if bitcoin replaced fiat in the upcoming future

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Quote from: jakelyson on July 31, 2016, 02:04:05 AM

Quote from: Kvazimoda on July 31, 2016, 01:50:01 AM

Quote from: jakelyson on July 31, 2016, 12:30:21 AM

Quote from: romero121 on July 25, 2016, 08:40:23 AM

Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

We measure bitcoin thru fiat because it is the maintream and we exchange it with bitcoin. But once bitcoin is widely accepted and can purchase anything with it, then we do not need to measure it with fiat. The only thing it will be is in trading or forex.

Only when all the foreign currency will disappear, the Bitcoin, acquire real meaning. While Bitcoin is one of many means of payment, Bitcoin's popularity will not be too large. Until it's time for Bitcoin. In the best case, Bitcoin, you can save up to better times. Hoping that Bitcoin will be the only currency worldwide.

I do not believe and I do not want bitcoin to be the only currency in the world. I earn a lot trading it with other currency, so why would I want that? That will only mean I will lose a source of income. I just want it to be widely accepted and more purchasing power. I think that is enough.

no i am not agree with you. i want bitcoin to become a global currency, and it come the one and only currency of the world and all the people of the world do trading in one currency having equal value every where, but the problem is that in current time bitcoin is not so much popular and applicable every where therefore we cannot ignore the importance of bitcoin in present time. but still i am hopeful that a time will come when all the people will be using bitcoin in every corner of the world.

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Quote from: Bitcoinpro on March 20, 2016, 04:44:23 PM

the answer is obvious , if u never got into the

property cycle or dont have the uber high paying

job or welfare Queen status with Gov supplied housing

or lastly deal drugs,

u would hate Fiat to the core!

the endless print cycle is a joke Cheesy

if you don't, i guess something's wrong with you. how can you buy your foods or your necessities if you don't? that question is obsolete.

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Quote from: ethereumhunter on July 31, 2016, 02:55:49 AM

i still believe in fiat, because in my offline life, there is no store that receive bitcoin as payment. because bitcoin still not accepting by every country and there are a few country that already accepting bitcoin as their payment. and if bitcoin is available on every store in my country, then maybe i use fiat as my investment Grin

Of course, the same with my country there are not much stores that are accepting bitcoins, if I cannot use fiat then I could not survive living in our country, bitcoin is just good for online transactions and investment as well but the truth is we need the two, fiat and bitcoins.

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i still believe in fiat, because in my offline life, there is no store that receive bitcoin as payment. because bitcoin still not accepting by every country and there are a few country that already accepting bitcoin as their payment. and if bitcoin is available on every store in my country, then maybe i use fiat as my investment Grin

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Quote from: jakelyson on July 31, 2016, 02:04:05 AM

Quote from: Kvazimoda on July 31, 2016, 01:50:01 AM

Quote from: jakelyson on July 31, 2016, 12:30:21 AM

Quote from: romero121 on July 25, 2016, 08:40:23 AM

Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

We measure bitcoin thru fiat because it is the maintream and we exchange it with bitcoin. But once bitcoin is widely accepted and can purchase anything with it, then we do not need to measure it with fiat. The only thing it will be is in trading or forex.

Only when all the foreign currency will disappear, the Bitcoin, acquire real meaning. While Bitcoin is one of many means of payment, Bitcoin's popularity will not be too large. Until it's time for Bitcoin. In the best case, Bitcoin, you can save up to better times. Hoping that Bitcoin will be the only currency worldwide.

I do not believe and I do not want bitcoin to be the only currency in the world. I earn a lot trading it with other currency, so why would I want that? That will only mean I will lose a source of income. I just want it to be widely accepted and more purchasing power. I think that is enough.

If Bitcoin becomes too popular and prirovnyat purchasing power with other money in the world. Price Bitcoin can be significantly reduced. I do not think that's such a turn of events, you need. For example, the same dollar. Dollar, is popular all over the world, and the average price is not small. But where it is more expensive than the national currency, but where it is cheaper.

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Quote from: Kvazimoda on July 31, 2016, 01:50:01 AM

Quote from: jakelyson on July 31, 2016, 12:30:21 AM

Quote from: romero121 on July 25, 2016, 08:40:23 AM

Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

We measure bitcoin thru fiat because it is the maintream and we exchange it with bitcoin. But once bitcoin is widely accepted and can purchase anything with it, then we do not need to measure it with fiat. The only thing it will be is in trading or forex.

Only when all the foreign currency will disappear, the Bitcoin, acquire real meaning. While Bitcoin is one of many means of payment, Bitcoin's popularity will not be too large. Until it's time for Bitcoin. In the best case, Bitcoin, you can save up to better times. Hoping that Bitcoin will be the only currency worldwide.

I do not believe and I do not want bitcoin to be the only currency in the world. I earn a lot trading it with other currency, so why would I want that? That will only mean I will lose a source of income. I just want it to be widely accepted and more purchasing power. I think that is enough.

Kvazimoda

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Quote from: jakelyson on July 31, 2016, 12:30:21 AM

Quote from: romero121 on July 25, 2016, 08:40:23 AM

Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

We measure bitcoin thru fiat because it is the maintream and we exchange it with bitcoin. But once bitcoin is widely accepted and can purchase anything with it, then we do not need to measure it with fiat. The only thing it will be is in trading or forex.

Only when all the foreign currency will disappear, the Bitcoin, acquire real meaning. While Bitcoin is one of many means of payment, Bitcoin's popularity will not be too large. Until it's time for Bitcoin. In the best case, Bitcoin, you can save up to better times. Hoping that Bitcoin will be the only currency worldwide.

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Quote from: lionheart78 on July 30, 2016, 04:46:53 PM

Using fiat is one of the sign that people still believe in it. I will never doubt fiat money because it is accepted everywhere unlike bitcoin that is accepted only in selected ONLINE store. Local market usage of bitcoin is still missing. The reason is that it is not yet trusted by majority of the population in the whole world.

Most likely, this situation will be a very long time. Bitcoin, it is unlikely the camp is very popular in the coming years. In Bitcoin, now a lot of supporters. But the bulk of the world's population still does not trust Bitcoin. Perhaps in the future, and Bitcoin will replace paper money. It was then that and come back to this conversation.

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Quote from: romero121 on July 25, 2016, 08:40:23 AM

Everyone depends upon fiat till digital currencies have direct acceptance universally. Even now we calculate bitcoin in terms of dollars which itself shows the dependence. So fiat is always believed and prioritized worldwide.

We measure bitcoin thru fiat because it is the maintream and we exchange it with bitcoin. But once bitcoin is widely accepted and can purchase anything with it, then we do not need to measure it with fiat. The only thing it will be is in trading or forex.

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Using fiat is one of the sign that people still believe in it. I will never doubt fiat money because it is accepted everywhere unlike bitcoin that is accepted only in selected ONLINE store. Local market usage of bitcoin is still missing. The reason is that it is not yet trusted by majority of the population in the whole world.

asdalani

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I will just use the fiat. I do not believe the fiat. However, I believe the bitcoin. That is the ultimate currency.

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Quote from: goldcoinminer on July 30, 2016, 12:28:47 AM

Quote from: rekinthis on July 29, 2016, 06:59:15 PM

Quote from: rio3233 on July 29, 2016, 10:00:27 AM

Yes i do, i still believe in fiat. That's why i always use it in real life. I'm buying all things using fiat and i think Fiat is more worth than bitcoin. Everypeople using fiat in this world.

i want to believe in fiat too right now and hope that banks are going to be fixed and they will stop doing stupid things though i dont know if it is still possible, with time i believe in bitcoins more and more

If by depositing in banks will give us a negative interest then smart depositors will adopt bitcoins because the other way will happen, we believe that while we save longer our money in bitcoin we are entitled to have profit in the future if the current trend of increase will continue.

Alternative you could also start storing your fiat at home in a tesor. But stacking up on bitcoins is a much better choice. Even if bitcoins will only rise 10% in the next month it is still a nice profit comparted to any savings account.

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I don't think fiat would increase its value in the future. If we look at it, the chart is as stable as it used to be years ago. There's no major pump/dump going on in fiat compared to bitcoin. However, we do need fiat in real life as we have to pay bills, we have to buy stuffs in the market, etc. If almost all establishments started to accept bitcoin as a payment, I might convert all my fiat into bitcoins as bitcoins are easy to use and there's also a chance that you get profit by just storing your bitcoins because of the price rise.

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Quote from: rekinthis on July 29, 2016, 06:59:15 PM

Quote from: rio3233 on July 29, 2016, 10:00:27 AM

Yes i do, i still believe in fiat. That's why i always use it in real life. I'm buying all things using fiat and i think Fiat is more worth than bitcoin. Everypeople using fiat in this world.

i want to believe in fiat too right now and hope that banks are going to be fixed and they will stop doing stupid things though i dont know if it is still possible, with time i believe in bitcoins more and more

If by depositing in banks will give us a negative interest then smart depositors will adopt bitcoins because the other way will happen, we believe that while we save longer our money in bitcoin we are entitled to have profit in the future if the current trend of increase will continue.

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Quote from: rio3233 on July 29, 2016, 10:00:27 AM

Yes i do, i still believe in fiat. That's why i always use it in real life. I'm buying all things using fiat and i think Fiat is more worth than bitcoin. Everypeople using fiat in this world.

i want to believe in fiat too right now and hope that banks are going to be fixed and they will stop doing stupid things though i dont know if it is still possible, with time i believe in bitcoins more and more

Cast12

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Fiat actually does exist, it's not some pipe-dream. Anyways, there's no plan of getting rid of fiat anytime soon since everyone uses it.

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