Fiat Vs Cryptocurrency, which would you choose?

Guryon_master

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Quote from: rez303 on December 06, 2019, 09:41:30 AM

I have recently been quite curious about the many debates about which currency is better.
Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?
Which side do you think is right? I want to hear from you sincerely.

for me both are right because both sides have justifiable reason. I mean we have to consider who's talking and why he/she is in favor. From here we can create better ideas on how to manage the situation from both different parties rather than being bias.

RajaJudi

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Quote from: hahay on June 09, 2020, 05:30:39 PM

I think now with the lack of real use for cryptocurrency, then I personally tend to prefer fiat because after all banking also continues to make updates so that in this digitalization era fiat can still be used of course with digital systems and with the development of this era does not mean bitcoin or cryptocurrency not necessary, because after all cryptocurrency is a solution that can be used in any case because crypto itself is not purely about currency but an asset that in reality most people only choose to invest in this market not about real usage like fiat.

Yeah, that's obvious because there are not many applications for Blockchain technologies as well as cryptocurrency yet. Now I think it's like using it to pay "some" of the digital services, gambling, investing, or trading. There's not much to do with cryptocurrency actually, that's why you're bored. Imagine in the future, there will be the world that everything can be purchased with a little touch with a little time, perfectly instant, that world compares to our world nowadays is like a miracle.

Leviathan.007

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Crypto currency is the new generation and fiat's time is getting over by the time you see the historical information on my topic here: https://bitcointalksearch.org/topic/money-history-introduction-to-ancient-exchanges-5246240
Many people think it's impossible to rely on crypto and they scared of it. But, don't forget usually people panic when they see something new in their life. Like many other technology. I believe, after tokenizing many other stuff like USD, Gold, Silver, etc... we won't need the fiat soon and it will disappear by the time. That's why I chose cryptocurrency.

Janation

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Quote from: Farma on June 10, 2020, 02:20:11 AM

Quote from: hahay on June 09, 2020, 05:30:39 PM

I think now with the lack of real use for cryptocurrency, then I personally tend to prefer fiat because after all banking also continues to make updates so that in this digitalization era fiat can still be used of course with digital systems and with the development of this era does not mean bitcoin or cryptocurrency not necessary, because after all cryptocurrency is a solution that can be used in any case because crypto itself is not purely about currency but an asset that in reality most people only choose to invest in this market not about real usage like fiat.

however the conditions, at the moment fiat is greatly benefited, not just a matter of trust but because of people's habit of using it. however, crypto has many types and still needs to use the internet. personally, I also often prepare fiat as a transaction tool.

This really falls down with the preference.

What will you do? Where will you use it? Is fiat better to use? or is Bitcoin and other cryptocurrencies better? There are a lot of things to consider and if stores in your country accept Bitcoin, then why not use it, right? Though I understand that looks at it as a store of value and a currency though. Not all of us will be able to use Bitcoin, not all of us know what it is and not all of us believes that it is not a scam.

Farma

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Quote from: hahay on June 09, 2020, 05:30:39 PM

I think now with the lack of real use for cryptocurrency, then I personally tend to prefer fiat because after all banking also continues to make updates so that in this digitalization era fiat can still be used of course with digital systems and with the development of this era does not mean bitcoin or cryptocurrency not necessary, because after all cryptocurrency is a solution that can be used in any case because crypto itself is not purely about currency but an asset that in reality most people only choose to invest in this market not about real usage like fiat.

however the conditions, at the moment fiat is greatly benefited, not just a matter of trust but because of people's habit of using it. however, crypto has many types and still needs to use the internet. personally, I also often prepare fiat as a transaction tool.

hahay

legendary

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I think now with the lack of real use for cryptocurrency, then I personally tend to prefer fiat because after all banking also continues to make updates so that in this digitalization era fiat can still be used of course with digital systems and with the development of this era does not mean bitcoin or cryptocurrency not necessary, because after all cryptocurrency is a solution that can be used in any case because crypto itself is not purely about currency but an asset that in reality most people only choose to invest in this market not about real usage like fiat.

Zackgeno96

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Quote from: Robust Crypto on June 08, 2020, 09:26:35 AM

Quote from: rez303 on December 06, 2019, 09:41:30 AM

I have recently been quite curious about the many debates about which currency is better.
Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?
Which side do you think is right? I want to hear from you sincerely.

The way I see it: Crypto is good now to make some quick cash.

Fiat will stay king, at least for a while.

Crypto is here to stay forever and if you won't invest into it then you will always be one of those who thinks now that they should have invested back in 2015 when price per bitcoin was around $150 to $300. Now America is under a civil war and China is also facing big trouble due to the blunder that they did in case of announcing Corona outbreak very late. So economies around the world are facing a downfall and people taking out their money from the banks, so where do you think the value of currencies go, obviously it will go down, and this is the right time to realize that holding majority of your funds in fiat isn't a good choice.

slapper

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Quote from: Robust Crypto on June 08, 2020, 09:26:35 AM

Quote from: rez303 on December 06, 2019, 09:41:30 AM

I have recently been quite curious about the many debates about which currency is better.
Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?
Which side do you think is right? I want to hear from you sincerely.

The way I see it: Crypto is good now to make some quick cash.

Fiat will stay king, at least for a while.

Agree. However, I think it is hard to make quick cash with the cryptocurrency during this time. Many opportunities already occurred in the past and it might take a long time for the cryptocurrency to create a new chance for us to make quick cash.
Fiat, on the other hand, still provides us many useful utilities and as you can see, the world is running with a huge money system which is centralized by banks and governments. And they do know how to maintain things around us and keep the money sliding from this place to another place. I believe that it will take more than a century for bitcoin and other cryptocurrencies to run the world by themselves

carter34

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Quote from: aardvark15 on December 06, 2019, 11:29:43 AM

I would lean toward cryptocurrency because there are a lot of benefits to it. It’s kind of like comparing email to snail mail. The only problem for cryptocurrency right now is it’s still in the development stages so we don’t know how everything is going to work yet.

but ain't you concerned with the instability around it? Many who don't choose cryptocurrency think of that. Many have said their hodling dry up and some time increases again like a river that gets water during the rains.

Robust Crypto

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Quote from: rez303 on December 06, 2019, 09:41:30 AM

I have recently been quite curious about the many debates about which currency is better.
Many people say that they will choose Crypto because it is convenient and creates a common currency, bringing equality to all countries.
And some people choose Fiat money because they've been used to using it for decades and now they have credit cards and wallet payment apps online, so why do you need crypto?
Which side do you think is right? I want to hear from you sincerely.

The way I see it: Crypto is good now to make some quick cash.

Fiat will stay king, at least for a while.

billykannithi

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Quote from: JoMarrah Iarim Dan on June 07, 2020, 07:34:42 AM

It depends on my situation.
I will choose fiat if I will going to buy something in convenient store in our town, if I will pay the tricycle driver, if i will pay my bill in the fast food, or in short I will choose fiat in my way of living because fiat is main mode of exchange in everything around me.
But I will going to invest, I will choose cryptocurrency even though it is risky. Yes there is a bigger chance of losing in crypto but the is also a bigger chance of gaining good profit in crypto than in fiat.

Your thoughts are quite good and profitable. I will do the same now and in the future. We must continually invest to increase our wealth. However, this also has a lot of risks, but more risk, more profit and I accept that. I personally think that there will be a lot of time for crypto to replace fiat in our lives.

JoMarrah Iarim Dan

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It depends on my situation.
I will choose fiat if I will going to buy something in convenient store in our town, if I will pay the tricycle driver, if i will pay my bill in the fast food, or in short I will choose fiat in my way of living because fiat is main mode of exchange in everything around me.
But I will going to invest, I will choose cryptocurrency even though it is risky. Yes there is a bigger chance of losing in crypto but the is also a bigger chance of gaining good profit in crypto than in fiat.

Sirait

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I currently focus on investing in cryptocurrency while for meeting day-to-day transaction costs I use fiat, I can't choose one, I choose both

I agree with many predictions that say cryptocurrency will be an alternative payment and will not replace fiat in future

elisabetheva

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Quote from: Bezobraznike on June 05, 2020, 02:39:03 PM

Quote from: verita1 on June 05, 2020, 12:27:57 AM

Both are my preference:
FIAT 15% and Cryptocurrency 85%. So, I keep my finances is the most honest thing I can say. I do not know if it has happened to you but since I know about Bitcoin and cryptocurrencies it is a world that I do not want to leave.

I can agree with this Verita! It's good to have eggs in different baskets! But when you do the math,
you need to calculate all your assets! I have a house and car, some other assets too, I calculate all
that in fiat, my crypto-currency investments are from my salary like a special thing. Now when I
consider all assets I have more in fiat, but with time I think my crypto-currencies will worth a lot more.
The prices will rise and I will not stop investing on monthly basis!

the very positive thing that you have done is that to be involved in crypto is not mixed with existing assets but rather focus is taken on salary.
because it is not recommended with the assets that you have moved to be used as an investment in the crypto field, because even though it is very promising, risks can occur. It is not wise to do that. it is precisely what you do and I believe just like you that crypto will move towards improvement and is very profitable.

mtwelve

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The Fed has made it to where holding cash is literally suicidal to your portfolio.

Literally anything is better than fiat at this point, commodity tracing assets, longing volatility, gold, stocks, etc.

A lot of companies are buying into BTC in rather big allocations (1-5%) as asymmetrical bets.

Of course, if I had to choose I would probably hold BTC or maybe ETH. Liquidity is very important to me so I wouldn't put the $ into any smaller cap cryptos rn.

Bezobraznike

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Quote from: verita1 on June 05, 2020, 12:27:57 AM

Both are my preference:
FIAT 15% and Cryptocurrency 85%. So, I keep my finances is the most honest thing I can say. I do not know if it has happened to you but since I know about Bitcoin and cryptocurrencies it is a world that I do not want to leave.

I can agree with this Verita! It's good to have eggs in different baskets! But when you do the math,
you need to calculate all your assets! I have a house and car, some other assets too, I calculate all
that in fiat, my crypto-currency investments are from my salary like a special thing. Now when I
consider all assets I have more in fiat, but with time I think my crypto-currencies will worth a lot more.
The prices will rise and I will not stop investing on monthly basis!

Alert31

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I need both fiat and cryptocurrency becuse i earn financial through crypto and cash it out into fiat money to be use for our needs. We can't choose between this two because both are essential parts of our economy. Not all establishments or stores are accepting crypto as payment and fiat money is issued by the government which we can use daily to buy our needs.

mycryptocoin

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believe in the benefits that cryptocurrencies bring. With cryptocurrencies, payment has never been easier. We can pay instantly, transfer money across borders, across countries and territories with low cost and time almost instantly. However, the time it takes for cryptocurrencies to replace fiat money is probably still very long because at present, money is still a measure of power, which the government or the wealthy class never wants power to fall from. surname. Because of this, cryptocurrencies are always constraining development. Perhaps we have to wait a very long time.

FlightyPouch

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Quote from: leway.ph on June 05, 2020, 04:03:51 AM

In terms of investments I guess crypto is better. But in day to day bases you really need fiat for sure especially crypto is not recognized all over the world and in convenience. But surely time will come crypto especially bitcoin will be known to the world not because it is illegal but most recognized and strong one.

The community of bitcoin is so strong that it kept on going even though there are a lot of challenges bitcoin needed to face. Right now, fiat is the choice of people since it is the common currency being used by the people. We can't assure that bitcoin will be used by the people in the future when it is that popular since there are other methods

thesmallgod

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My answer is in your writeup, it bring equality to all countries. Cryptocurrencies is the only currency we can all have in common. Each of us have different type of fiat currencies and credit cards produced by different organization which we are limited to using to purchase goods and services from the internet. For instance, working as a freelance from a third world country used to be a thug of war due to rigorous payment options which might not even be available sometime, but with the advent of cryptocurrency, you could work and compete with the rest of the freelance in the world and get paid with cryptocurrency. This is part of the reason why I will prefer using crypto.

Topic: Fiat Vs Cryptocurrency, which would you choose? (Read 3785 times)