Do you Still believe in Fiat? - page 64.

greBit

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Quote from: 155UE on July 14, 2016, 05:06:47 PM

We have to believe in fiat because bitcoin does not know what it's future will hold for anyone.
It is just to unstable from one end of the lower margins to the other. Tomorrow you don't know if it will be down a hundred dollars worth or not. With fiat you know it will not sink that low so fast.

Yeah and there many places where only fiat can be used and we cannot expect that bitcoin will be used everywhere, and people who are not aware about bitcoin will continue their journey with fiat.

155UE

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We have to believe in fiat because bitcoin does not know what it's future will hold for anyone.
It is just to unstable from one end of the lower margins to the other. Tomorrow you don't know if it will be down a hundred dollars worth or not. With fiat you know it will not sink that low so fast.

trickshot22

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Quote from: Kewatia on July 14, 2016, 01:57:40 PM

I still use fiat. That is what I get paid for my work. But I am trying my best to convert some fiat into bitcoin.

well i also use fiat a lot though i still believe in bitcoins really much, to be honest the price of the bitcoin is going to grow a lot in the near future in my opinion thus you will be able to make good profit

fkvidar

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Quote from: agustina2 on July 14, 2016, 04:40:26 PM

Quote from: tygeade on July 14, 2016, 02:32:01 PM

Bitcoin is not that powerful yet that it can replace strong currency life fiat, fiat holds huge market cap where as bitcoin is too small, and even in future fiat will continue to rule the world.

Even bitcoin will become a powerful one, no way it can surpass what fiat can do. Bitcoin is digital so it's obvious it will goes thru a hard way of transactions when everything is offline.

And besides bitcoin has a price like this today because of fiat inserted into bitcoin market.

Yes and it will continue in future too till we don't find direct shops accepting bitcoin, as people will prefer to convert it to fiat and then spend so fiat will always exist.

European Central Bank

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billions of people strive for it and spend it every day. it gets the job done and there are enough people vested to keep those plates spinning. dunno how long it can go on for but i'm sure they'll give it their best shot.

agustina2

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Quote from: tygeade on July 14, 2016, 02:32:01 PM

Bitcoin is not that powerful yet that it can replace strong currency life fiat, fiat holds huge market cap where as bitcoin is too small, and even in future fiat will continue to rule the world.

Even bitcoin will become a powerful one, no way it can surpass what fiat can do. Bitcoin is digital so it's obvious it will goes thru a hard way of transactions when everything is offline.

And besides bitcoin has a price like this today because of fiat inserted into bitcoin market.

amine14madrid

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i think that you cannot NOT believe in fiat.
Fiat is still the most important currency in the world,doesnt matter if it is USD or GBP,it is still
most popular all over the world,not bitcoin really,but maybe in some time...

ausbit

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Quote from: tampazeus on July 14, 2016, 08:42:59 AM

Quote from: PokerFace3 on July 14, 2016, 08:32:51 AM

Quote from: avikz on July 13, 2016, 10:47:42 AM

Absolutely I believe in fiat and will keep believing it. Fiat is the most legal and regulated currency. Also it is backed by some tangible asset like gold. SO the price can't go down after a certain limit. If a certain fiat currency started going down, the central bank of that particular country will intervene to stop that fall.

In bitcoin we don't have such regulatory authority. It is a symbol of free economy. So even if I earn a lot of bitcoin, I will still believe fiat currency.

yeah, I believe in fiat too. Many countries still haven't legalized bitcoin and many shops don't take btc. We have to use fiat still for many stuffs.

Yeah fiat gives an feeling of ease and comfortableness as it is used and accepted everywhere and people who are not aware about bitcoin yet will prefer to use fiat.

Actually, I still trust fiat more than bitcoins right now since it's easier to spend them. Most of the services or goods that I need are easily paid with fiat. The number of shops that accepts bitcoins is just very limited right now and that's actually my problem with bitcoin for now.

tygeade

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Quote from: socks435 on July 14, 2016, 02:03:18 PM

Quote from: MTBTT on July 14, 2016, 11:03:26 AM

Quote from: lightyard12 on July 10, 2016, 03:19:31 AM

Of course I believe in Fiat, everyone uses it nowadays. It's one of the oldest currencies in human history.

yeah of course believe or do not believe you have to say it. because Fiat is the main currency in use in the world and you have to accept payment by fiat. This is the law in this world

Fiat still will be worth and we are already tradition to use those money.. dont believe in other trade that fiat can be replace with bitcoin..
Thats impossible tio happen even in the future..

Bitcoin is not that powerful yet that it can replace strong currency life fiat, fiat holds huge market cap where as bitcoin is too small, and even in future fiat will continue to rule the world.

socks435

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Privacy is always important

Quote from: MTBTT on July 14, 2016, 11:03:26 AM

Quote from: lightyard12 on July 10, 2016, 03:19:31 AM

Of course I believe in Fiat, everyone uses it nowadays. It's one of the oldest currencies in human history.

yeah of course believe or do not believe you have to say it. because Fiat is the main currency in use in the world and you have to accept payment by fiat. This is the law in this world

Fiat still will be worth and we are already tradition to use those money.. dont believe in other trade that fiat can be replace with bitcoin..
Thats impossible tio happen even in the future..

Kewatia

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I still use fiat. That is what I get paid for my work. But I am trying my best to convert some fiat into bitcoin.

bitcoinisfurture

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Well I would have never created topic with this Subject lien 'Do you believe in Fiat' . We cannot expect that bitcoin will be used and accepted everywhere in future. many country have actually ban the btc and still few of them are unclear with it. Fiat will always be there in future as well.

cambda

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Quote from: MTBTT on July 14, 2016, 11:03:26 AM

Quote from: lightyard12 on July 10, 2016, 03:19:31 AM

Of course I believe in Fiat, everyone uses it nowadays. It's one of the oldest currencies in human history.

yeah of course believe or do not believe you have to say it. because Fiat is the main currency in use in the world and you have to accept payment by fiat. This is the law in this world

Yeah as of now fiat is the most powerful currency and it represents its respective country and people have more faith in it as majority of them are earning in fiat, its an basic necessity of a society.

MTBTT

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Quote from: lightyard12 on July 10, 2016, 03:19:31 AM

Of course I believe in Fiat, everyone uses it nowadays. It's one of the oldest currencies in human history.

yeah of course believe or do not believe you have to say it. because Fiat is the main currency in use in the world and you have to accept payment by fiat. This is the law in this world

nururochac

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Quote from: naidray on July 13, 2016, 06:44:19 AM

Quote from: BlueStackz on July 12, 2016, 06:45:56 AM

Quote from: upsidedown75 on July 10, 2016, 04:08:56 AM

Basically I do not have any view on fiat.
But practically I do not use fiats for any of my daily life needs as I am mostly using debit cards wherever I shop both in physical stores as well as online (as I am saving my Bitcoins I do not spend them right now).

So, already I have switched over to electronic format of money by leaving off fiats. Does it mean I'm not believing in to fiat anymore.

Your stand on fiats is most common for many people here. I'm still believing in to fiat but I'm not using it for my daily needs. The belief on fiat is not important in my view, what really matters means what are your available opportunities to use like fiats or electronic money or bitcoins.

Yes, what is the use on believing in to a forgotten format of money. When you are not using very frequently a particular format that will get demised very soon. So, I suspect the survival of fiats when most of the people are switching over to digital system for money transfers.

Can you consider me as a believer of fiat if I have no choice of using other type of currency rather than it that accepts markets in real life? Does having a no choice means believing in it?

gerXhonza

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Quote from: fiulpro on July 14, 2016, 09:45:47 AM

Yes I still believe in fiat as for my daily needs I am forced to use fiat, if bitcoin merchants would grow exponentially in near future then it will be a greaat news foe me.

It will be great news for all of us but the fact is we cannot expect that everyone will start using bitcoin there will be many people who will continue to use fiat and credit card for making purchases.

fiulpro

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Yes I still believe in fiat as for my daily needs I am forced to use fiat, if bitcoin merchants would grow exponentially in near future then it will be a greaat news foe me.

tampazeus

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Lick me like a lolipop

Quote from: PokerFace3 on July 14, 2016, 08:32:51 AM

Quote from: avikz on July 13, 2016, 10:47:42 AM

Absolutely I believe in fiat and will keep believing it. Fiat is the most legal and regulated currency. Also it is backed by some tangible asset like gold. SO the price can't go down after a certain limit. If a certain fiat currency started going down, the central bank of that particular country will intervene to stop that fall.

In bitcoin we don't have such regulatory authority. It is a symbol of free economy. So even if I earn a lot of bitcoin, I will still believe fiat currency.

yeah, I believe in fiat too. Many countries still haven't legalized bitcoin and many shops don't take btc. We have to use fiat still for many stuffs.

Yeah fiat gives an feeling of ease and comfortableness as it is used and accepted everywhere and people who are not aware about bitcoin yet will prefer to use fiat.

PokerFace3

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Quote from: avikz on July 13, 2016, 10:47:42 AM

Absolutely I believe in fiat and will keep believing it. Fiat is the most legal and regulated currency. Also it is backed by some tangible asset like gold. SO the price can't go down after a certain limit. If a certain fiat currency started going down, the central bank of that particular country will intervene to stop that fall.

In bitcoin we don't have such regulatory authority. It is a symbol of free economy. So even if I earn a lot of bitcoin, I will still believe fiat currency.

yeah, I believe in fiat too. Many countries still haven't legalized bitcoin and many shops don't take btc. We have to use fiat still for many stuffs.

avikz

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Absolutely I believe in fiat and will keep believing it. Fiat is the most legal and regulated currency. Also it is backed by some tangible asset like gold. SO the price can't go down after a certain limit. If a certain fiat currency started going down, the central bank of that particular country will intervene to stop that fall.

In bitcoin we don't have such regulatory authority. It is a symbol of free economy. So even if I earn a lot of bitcoin, I will still believe fiat currency.

Topic: Do you Still believe in Fiat? - page 64. (Read 75146 times)