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Topic: Fiat Vs Cryptocurrency, which would you choose? - page 12. (Read 3847 times)

legendary
Activity: 2016
Merit: 1107
the question is strange , do you mean choose like pick one and completely oust the other?
this is not the right thing to do , you should have re-worded it or gave examples of use where  you have to choose one or the other
for example , 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
legendary
Activity: 1610
Merit: 1003
for me, crypto for digital asset and still use fiat. you are right, now, many platform provide other way to make easy user, like digital money, so you can deal when buy something easily. so, every part of this stuff have different portion, and it depend on country regulation, they have different valuation about crypto.
sr. member
Activity: 756
Merit: 251
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.

In terms of a currency that will truly bind the whole world. Meaning, the world will become a single business community because there will be a single currency that will be acceptable to all and not just within a single country, Bitcoin is the perfect option. But when it comes to the domestic currency that does not require internet or anything related to it, fiat is the easy option. That is the currency in communities where there is not access to the technologies of crypto.
full member
Activity: 812
Merit: 100
www.cd3d.app
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.
Can i choose both? Because right now cryptocurrency is still hard to use and not all establishments accepts cryptocurrency and still fiat is the best option for that. With regards to investment, of course I’ll go all in to cryptocurrency than to fiat money because of low interest when you use fiat money. Cryptocurrency and fiat money are both good, and fiat money will stay even on a bad days.
between cryptocurrency and fiat currencies have their respective roles for now. we can use cryptocurrency to make money, but it's still difficult to use for payment tools. whereas with fiat currency, we are free to trade, so by making a profit from crypto and realized in fiat currency, I think it will be more useful

sr. member
Activity: 2422
Merit: 357
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.
Can i choose both? Because right now cryptocurrency is still hard to use and not all establishments accepts cryptocurrency and still fiat is the best option for that. With regards to investment, of course I’ll go all in to cryptocurrency than to fiat money because of low interest when you use fiat money. Cryptocurrency and fiat money are both good, and fiat money will stay even on a bad days.
sr. member
Activity: 1876
Merit: 318
I am very sure that all members of this forum will choose cryptocurrency over fiat, because the fact is clear cryptocurrency
better than fiat. But because of its volatile prices, cryptocurrency cannot be accepted as a means of payment, and also
because cryptocurrency cannot be controlled, making the government not legalize cryptocurrency. It is really sad to know this
reality. Hopefully in the future there will be a solution related to that, so cryptocurrency can be a global currency that can
legalized in all countries.
sr. member
Activity: 1050
Merit: 286
As of now, we cannot rely on the cryptocurrency alone even if it is better to have than fiat, the global adaptation for us is still a dream, in short, we can't use our cryptocurrency if fiat doesn't exist, and that is what exchanges are for, we exchange it in available pair that has value in fiat, for example is Bitcoin, Ethereum, and other cryptocurrency that could be converted into fiat.

In my case, I'm using XRP as of now and exchange it into fiat, so that the transaction fee is not that big unlike bitcoin.
We can say that there's a lot of advantage in using a cryptocurrency between using fiat since it is way faster in terms of transaction especially payment method and I can also say that cryptocurrency is space saving because you can have a million or billion in your wallet application on hand. But there are also disadvantages, there are some countries that are not legalizing cryptocurrency, and there are lots of people scamming other. Maybe crypto being used as currency in the future if that disadvantage can be fized. We also know that cryptocurrency's value is volatile not like in fiat.
hero member
Activity: 1400
Merit: 571
As of now, we cannot rely on the cryptocurrency alone even if it is better to have than fiat, the global adaptation for us is still a dream, in short, we can't use our cryptocurrency if fiat doesn't exist, and that is what exchanges are for, we exchange it in available pair that has value in fiat, for example is Bitcoin, Ethereum, and other cryptocurrency that could be converted into fiat.

In my case, I'm using XRP as of now and exchange it into fiat, so that the transaction fee is not that big unlike bitcoin.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
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.
You are asking this question in the best and the oldest cryptocurrency forum on the Internet, so it is obvious that you are going to get opinions very positive about cryptocurrencies, a currency printed by a government has its place and if it was backed by gold and governments had shown a commitment to keep their currencies backed by gold they will have a very stable economic system that will be fair for everyone.

Unfortunately that is not the way things are, governments have abused that power to the point that they are risking their own economies and the well-being of their citizens and when you take that into account it is easy to see why we need cryptocurrencies, especially bitcoin that has a very limited supply and a very constant rate of inflation.
sr. member
Activity: 1274
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
I have been a crypto enthusiasts for the past years two years and i would definitely choose cryptocurrencies over fiat because of how convenient is it to use. Making transactions in crypto is faster, secured and very simple as compared to fiat currencies. Someday i wish each country will adopt its own digital currency to make buying and selling very easy with cryptocurrencies.
sr. member
Activity: 910
Merit: 254
One thing I don't understand is how can cryptocurrency bring equality in countries? are you expecting someone to distribute free cryptocurrencies in these third tier countries? All it might do is help in creating a new economic center in the world but this is pretty big situation to think about. Other than this I don't think how it can bring equality in countries as people in third world will still suffer from problems like hunger and poverty.
hero member
Activity: 2184
Merit: 531
At the moment cryptocurrency is a worse choice because there's much less acceptance and we have much higher fees than with fiat. Micropayments are also much faster with fiat even if you're using cheap and fast cryptocurrencies. You still need an app open on your phone to pay and it takes at least 5 seconds.

I can pay with my card in 2 seconds just touching the terminal. No buttons no confirmations.

When we have the infrastructure cryptocurrencies are going to be better but for now it's fiat world.
hero member
Activity: 1708
Merit: 541
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.
Currently, it's being used for a different purpose. I use fiat for daily transaction, crypto for digital, cross country transaction and mostly as an asset. There's no need to pick just one side. Why should you choose only one? There's no way people only using crypto while there's no clear regulation yet. Even in my country, it's pretty much illegal to pay for goods using any currency other than the official one.
sr. member
Activity: 896
Merit: 267
★Bitvest.io★ Play Plinko or Invest!
Well as of now i will be needing both cryptocurrency and fiat, why? Because the crypto that i get from working online cannot be spent on a lot of establishments in my country so i will convert it to fiat then spent it to buy some stuff but i think we will all be needing both crypto and fiat currencies because it'll be hard to get rid one of those two things specially fiat because it's been here for a very long time.
sr. member
Activity: 742
Merit: 251
If the time comes that I will be able to use crypto anywhere like buying goods on the street, riding on public vehicles paying crypto like how we can use fiat right now, definitely I will choose cryptocurrency, fiat will be a total obsolete in the near future we need more secure and transparent form of money and I can see it on digital coins because of its blockchain technology that never lies , there are so many advantages if we use crypto instead of fiat.
That time will definitely come when all sorts of daily purchases and money deals will become possible with crypto currencies too because the ultimate purpose or reason behind creation of bitcoin was to become the first digital medium of exchange. Bitcoin is already being used in purchases. Now it is just a matter of time before all crypto coins will be used this way. Fiat is destined to be replaced by digital coins.
sr. member
Activity: 770
Merit: 253
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.

Exactly, I don't need to choose too as we need both of them now, for now we can't live without the fiat as not every business accepting it and we cannot use it to pay our rent, to pay fare etc, still we need more years to be able to adopt this by most people, maybe it would take 2 or more decades before it will finally happen, as people thinks that crypto were scam so it won't be easy to convince them yet.
MI6
hero member
Activity: 1260
Merit: 504
Betking.io - Best Bitcoin Casino
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.
Before my government only allow fiat to all transaction in my country, honestly i will choose crypto. Because some need, especially in digital way i can pay with crypto and there are a lot of services in my country that accept bitcoin as payment. At that time, although my age is enough, but i don't have bank account so i use bitcoin or crypto related site to buy something digital and pay some bills.
member
Activity: 253
Merit: 11
I will not choose fiat money, because I'm against the modern economic system, which is robbing us all. Moreover, such an economy leads to crises that can be avoided.
legendary
Activity: 2576
Merit: 1252
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.
sr. member
Activity: 784
Merit: 251
https://raiser.network
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.

If Crypto and Fiat are available wherever, then I will loved to use it whenever. As of now I couldn't decide which I prefer because crypto isn't much more usable and fiat is still needed and still I use and my family so if ever it is available where I go then it's happy to use crypto and buy some stuff. if ever people are deciding to use crypto as our primary transaction then it is time to improve more and use it as efficient way of any transactions. 
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