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Topic: Fiat Vs Cryptocurrency, which would you choose? - page 11. (Read 3847 times)

sr. member
Activity: 1988
Merit: 254
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I will use both in my life. Cryptocurrency is currently very popular but it cannot completely replace Fiat. In many cases we need to use Fiat to pay for what is needed, and the future of cryptocurrency is not yet clear, it could be banned and collapse at any time in the future
sr. member
Activity: 812
Merit: 250
Let me say, from those option you give, i choose both of them, because in actual way i really need both of them. Crypto for trading and Fiat when the time to use my money has come. In my country, use of cryptocurrency is not so familiar, so i need fiat to make them useful for my daily needs.


Exactly,  investing in cryptos gives us profits which we don't get when we just have FIAT but after all our investments we eventually have to cash out our profits and that's when we convert into FIAT because not a lot of people accept cryptocurrencies as a means of payment.

it's one of the factors why many people still choose fiat, because the use of crypto is limited, even in some countries it is prohibited. even though there is a credit card I still want to use crypto, I actually don't want to deal with banks, because it's controlled by the government. several times using crypto is very convenient, low cost and fast transfer.
im not sure about low cost and fast transfer, precisely the fiirst problem to be solved of crypto is about long transaction time and need cost diffirent with fiat who no need cost for every transactions..... many problem to fixed in the crypto for used by lay person and goverment if want for daily but for crypto people its not big problem and still use crypto because no need deal with banks
hero member
Activity: 1582
Merit: 502
Indeed the Cryptocurrency is still new currency if compared to fiat money that has been used by everyone for decades. Crypto is safer to use than fiat money, because Cryptocurrency is decentralized which is not regulated or controlled by the government and banks.
legendary
Activity: 1862
Merit: 1046
Let me say, from those option you give, i choose both of them, because in actual way i really need both of them. Crypto for trading and Fiat when the time to use my money has come. In my country, use of cryptocurrency is not so familiar, so i need fiat to make them useful for my daily needs.


Exactly,  investing in cryptos gives us profits which we don't get when we just have FIAT but after all our investments we eventually have to cash out our profits and that's when we convert into FIAT because not a lot of people accept cryptocurrencies as a means of payment.

it's one of the factors why many people still choose fiat, because the use of crypto is limited, even in some countries it is prohibited. even though there is a credit card I still want to use crypto, I actually don't want to deal with banks, because it's controlled by the government. several times using crypto is very convenient, low cost and fast transfer.
hero member
Activity: 1132
Merit: 536
well for me both are very important and somewhat fiat is more important than crypto here, cuz we can't buy everything with crypto atlest in current world maybe after 20 or 30 yrs we can buy everything with crypto..for me crypto is like an investment ..sell when you need hard cash or keep them in safe place if no need of hard cash or hurry but keep collecting through sells, deals or exchange sites via small or long terms trades.
legendary
Activity: 2758
Merit: 1004
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I use both, so I'm on both sides. although I use cryptocurrency, but I also still use Fiat. however, the two things are interconnected. cryptocurrency currently has many advantages over Fiat, but the thing to know is, cryptocurrency is not accepted as a legal transaction tool in some countries. so I used both, and I thought they were good enough and useful for me.
sr. member
Activity: 868
Merit: 266
Let me say, from those option you give, i choose both of them, because in actual way i really need both of them. Crypto for trading and Fiat when the time to use my money has come. In my country, use of cryptocurrency is not so familiar, so i need fiat to make them useful for my daily needs.


Exactly,  investing in cryptos gives us profits which we don't get when we just have FIAT but after all our investments we eventually have to cash out our profits and that's when we convert into FIAT because not a lot of people accept cryptocurrencies as a means of payment.
sr. member
Activity: 1666
Merit: 268
Both of them I need it, both crypto and fiat. Crypto in my country cannot be used as a means of payment, so far I have used fiat for various purposes, such as paying bills, buying food and others. Whereas I use crypto to invest and trade to get profits.
member
Activity: 546
Merit: 10
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Let me say, from those option you give, i choose both of them, because in actual way i really need both of them. Crypto for trading and Fiat when the time to use my money has come. In my country, use of cryptocurrency is not so familiar, so i need fiat to make them useful for my daily needs.

sr. member
Activity: 742
Merit: 397
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.
No matter how we do praise up crypto, we cant still able to avoid the fact or reality that we are all still dependent to fiat.Come to think that crypto is getting
its value from fiat so if one day fiat would be replaced then we cant think off on how we do able to calculate of cryptos value.
As long government do exist its impossible to think that fiat would be wiped out and as said these things had been used since the beginning of time where
trades and barters do already happen.

And we should not worry and we should not argue with this, as we still need fiat and we will still part of our life for many more years, and we don't need to eliminate this in our life, it's still too early, we maybe millions already who are in favor with Bitcoin, but there's still Billions of people out there who doesn't have any single knowledge about the cryptocurrency.
We don't need to remove the fiat currencies in our financial system, we just need to improve or upgrade them. Fiat currencies are now so old and the new thing that we would like to see for fiat currencies is to be fully digital and that would be perfect for people around the world because it will bring an efficient way to do transaction.
sr. member
Activity: 644
Merit: 253
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.
No matter how we do praise up crypto, we cant still able to avoid the fact or reality that we are all still dependent to fiat.Come to think that crypto is getting
its value from fiat so if one day fiat would be replaced then we cant think off on how we do able to calculate of cryptos value.
As long government do exist its impossible to think that fiat would be wiped out and as said these things had been used since the beginning of time where
trades and barters do already happen.

And we should not worry and we should not argue with this, as we still need fiat and we will still part of our life for many more years, and we don't need to eliminate this in our life, it's still too early, we maybe millions already who are in favor with Bitcoin, but there's still Billions of people out there who doesn't have any single knowledge about the cryptocurrency.
hero member
Activity: 2730
Merit: 632
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.
No matter how we do praise up crypto, we cant still able to avoid the fact or reality that we are all still dependent to fiat.Come to think that crypto is getting
its value from fiat so if one day fiat would be replaced then we cant think off on how we do able to calculate of cryptos value.
As long government do exist its impossible to think that fiat would be wiped out and as said these things had been used since the beginning of time where
trades and barters do already happen.
hero member
Activity: 2520
Merit: 783
Why compare it when we know fiat will prevail in this comparison since we all know the government withhold the strength of the fiat and it will never devalued by crypto since for sure people will think on it as second option asset and it's really hard to trust on crypto especially if we talk about huge figures of money(I can't feel safe since any wallets is hackable or easy to steal) while in fiat we can safe store in banks and if you are worried for inflation then for sure you will not feel it since your money in fiat will never get dump huge when volality strikes on it.
legendary
Activity: 1294
Merit: 1039
I'm crypto users and maybe crypto lovers but don't mean i hate fiat because i need fiat for my life and i don't have any plan to eliminate fiat from my life because i have limited used for my crypto assets then i admit for my daily life i was more often to use fiat than crypto and although maybe crypto have more advantages than fiat money but in the fact crypto still cannot be used for daily transactions and more likely as investment tools rather than payment tool
Your point is right that in day to day use, crypto is not using all the sectors. We generally use Fiat more than crypto. But in this modern world, the uses of crypto is increasing rapidly. Crypto has some benefits that fiat hasn't. So we should support crypto for future purposes.
full member
Activity: 1750
Merit: 118
i dont think that crypto creates an equality to all countries because not all countries treated cryptos the same and also not all people treated the crypto the same  . equality is hard to achieve but i think fiat can provide that somehow because all countries are using a fiat and majority of the people treat fiat currency likey the same  .  for me i would choose fiat and crypto because i used them both   . i use crypto to play online and i use to convert my crypto to fiat when i play  offline  .
hero member
Activity: 2562
Merit: 586
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.
Both of them are good, but in the world we are living in today I will choose fiat over cryptocurrency and that's because no one is using crypto yet. People are still getting to know about cryptocurrency and there isn't a lot of people making use of it and those that do mainly sees it as an asset and they use it for investment. Where I live there is nothing like cryptocurrency ATM or shops where you can buy whatever you need with crypto, people never talks about it. I even try introducing it to friends and they don't take interest in it.

Cryptocurrency is good in its own ways but the problem is adoption. I don't know why it's hard for people to adopt cryptocurrency. I hope the time is coming when things are going to be changed. And based on my research cryptocurrency ideas has been around for a long time, they just came out open this time.
hero member
Activity: 1834
Merit: 566
I will choose crypto every day but that doesn't mean i detest fiat because fiat currency carries the symbol of the nation and every patriot must respect that.
With that been said, i think the problem now is that some crypto enthusiasts actually misunderstood Satoshi's vision cause we need both fiat and crypto to survive in this world.
legendary
Activity: 2282
Merit: 1023
I can't do without fiat money currently , there are simply no traders or stores that accept cryptocurrencies , so if I choose crypto I'd most likely
starve or won't be able to buy what I want to buy , the world is not ready yeat to get rid of fiat money
but if I had to choose to get my wages in crypto , I'd gladly agree to that
The world needs fiat currency and there is nothing that could replace that, i do not want a time where you can only transact only with digital or any other form of crypto and we need to have the option and freedom to choose any form of transaction as a free citizen and i do not want any government nor anyone imposing one form of transaction over the other.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
Both currencies are essential for me. No need to choose, Cryptocurrency is for long term holding just like any investment hold it and sell it if the price goes up. For the fiat, it is needed to do micro-transactions just like spending it and buying goods in small shops. If we choose one of them and destroy the other one, it will bring us an unfortunate consequence, so for me, both are important and need to be kept. Cryptocurrency for investment and fiat for daily needs.
Fiat will become an ancient history soon as the crypto currencies are finally making their way in to the currency world. Many advanced countries are planning to bring crypto coins in 2020. This definitely is a sign of digital currencies’ era. With fiat, the main problem is that the governments can manipulate it as they please to. Their movements highly affect economical health of a common man. Digital currencies solve this issue.
legendary
Activity: 2898
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
I'm crypto users and maybe crypto lovers but don't mean i hate fiat because i need fiat for my life and i don't have any plan to eliminate fiat from my life because i have limited used for my crypto assets then i admit for my daily life i was more often to use fiat than crypto and although maybe crypto have more advantages than fiat money but in the fact crypto still cannot be used for daily transactions and more likely as investment tools rather than payment tool
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