Fiat Vs Cryptocurrency, which would you choose? - page 13.

Best Dreams

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Quote from: prmotion on December 07, 2019, 11:40:48 AM

Depends on BTC rate if you get my idea

Currently, probably fiat, before NY

Yeah we should look at the market value of bitcoin and other coins I think now the day best coin to invest your money is bitcoin it has a really low price. Using fiat for our daily life is good but for holding it is not good to choose money for long term holding. Bitcoin gets high in price and it gives million of income to investors but holding money is useless.

blckhawk

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It depends on the time you're asking. As of now, I would 'need' both. Fiat is still the mainstream medium of exchange with daily transactions. You need it to buy what you need/want. Cryptocurrencies as of now, are best in sending money from long distances and higher amounts. Adoption is still not that great for it to replace current traditional monetary systems.

AniviaBtc

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Quote from: harizen on December 06, 2019, 02:29:29 PM

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.

These need a wide broad of discussion as everyone will surely have a different view. Both have advantages and disadvantages, both are different, there lots of things that need to look into for this comparison - so for me, the comparison is not making sense or necessary to discuss.

Since you already hear some of the sides, what do you need to learn more? Try to recap those conversations and debates you encounter before then from there, decide and make your own view.

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

It’s kind of like comparing email to snail mail.

What do you mean here? Payment process? The speed? The convenience?

As I read those other opinion, they choose fiat over crypto. I'm not satisfied on their statement because I don't understand why they chose fiat. Maybe they aren't knowledgeable enough to handle bitcoin or maybe they don't experience how to use and manage bitcoin.

For me, bitcoin has a lot of advantage that fiat even if it is being used decades ago. Bitcoin is more secured, has fast transactions, and has a lot of promotion so many also uses in their transactions. It can also help you to your investments.

Karmakid

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Quote from: DevilSlayer on December 07, 2019, 11:51:27 PM

Quote from: xZork on December 07, 2019, 10:23:16 PM

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

Which side do you think is right? I want to hear from you sincerely.

If I had to choose, I would choose the Fiat currency, because the Fiat currency currently dominates the world. Cryptocurrencies are currently not considered a currency that most people consider a form of profitable investment. You will find it very difficult to find a place where cryptocurrencies are considered as a currency, even in many countries you will violate the law if using cryptocurrencies in payment.
Perhaps my best answer is that I will hold the Fiat currency and then split a portion to invest in cryptocurrencies.

I have cryptocurrencies such as bitcoin and ethereum but I keep trading it to become fiat currencies because of its uses. There are only few merchants that are accepting cryptocurrencies as a payment that's why I keep using fiat currencies to pay my bills and also the goods and services that I buying. The fiat currency have a great role in our society and it is the reason why it will never be destroyed and surpassed by cryptocurrencies.

Maybe as of now that is the situation but I think in the future where everything will be in digital then I think that the fiat currencies will get removed in our system. Governments will for sure create a cryptocurrency that is better than fiat which is what we are going to use in the future. We will be dealing with cryptocurrencies in our daily life because of the convenience.

DevilSlayer

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Quote from: xZork on December 07, 2019, 10:23:16 PM

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

Which side do you think is right? I want to hear from you sincerely.

If I had to choose, I would choose the Fiat currency, because the Fiat currency currently dominates the world. Cryptocurrencies are currently not considered a currency that most people consider a form of profitable investment. You will find it very difficult to find a place where cryptocurrencies are considered as a currency, even in many countries you will violate the law if using cryptocurrencies in payment.
Perhaps my best answer is that I will hold the Fiat currency and then split a portion to invest in cryptocurrencies.

I have cryptocurrencies such as bitcoin and ethereum but I keep trading it to become fiat currencies because of its uses. There are only few merchants that are accepting cryptocurrencies as a payment that's why I keep using fiat currencies to pay my bills and also the goods and services that I buying. The fiat currency have a great role in our society and it is the reason why it will never be destroyed and surpassed by cryptocurrencies.

NathanJB

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Quote from: Sithara007 on December 07, 2019, 11:22:58 PM

Quote from: darkangel11 on December 07, 2019, 07:48:22 PM

If I could use crypto for all my purchases I'd do it for the following reasons:
-I would like to show my defiance to the banks and governments and not accept their inflated and manipulated fiat money
-I'd feel better knowing none of my payments can be stopped by the banks or governments
-I'd be able to pay at any time instantly
-I'd be able to stay fairly anonymous

Even if Crypto would cost me more I'd choose it to feel safe and independent.

There is no logic in what you are saying. I would also prefer payments with cryptocurrency, provided that no additional costs are involved. On the other hand, if the stuff is prized differently, then I would go for the lower prized option. For example, consider this example. For paying your utility bill, you have two options. Either pay $100 in fiat, or $110 in crypto. Which one you would chose? I would go for the first option, and for the difference ($10), I would purchase more cryptocurrency and add to my portfolio.

I can see logic in his argument. If that $10 is a big deal for you, then you will not be choosing that option and pay with fiat instead. But if you are rich and $10 is nothing for you and you really want to make a statement of support for the adoption of crypto and the resistance of the banking system, you would pay with crypto even if that is a little more expensive. That is also the same path I would take if I have all the means to do it. I would never use fiat once again if that is possible.

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Quote from: darkangel11 on December 07, 2019, 07:48:22 PM

If I could use crypto for all my purchases I'd do it for the following reasons:
-I would like to show my defiance to the banks and governments and not accept their inflated and manipulated fiat money
-I'd feel better knowing none of my payments can be stopped by the banks or governments
-I'd be able to pay at any time instantly
-I'd be able to stay fairly anonymous

Even if Crypto would cost me more I'd choose it to feel safe and independent.

There is no logic in what you are saying. I would also prefer payments with cryptocurrency, provided that no additional costs are involved. On the other hand, if the stuff is prized differently, then I would go for the lower prized option. For example, consider this example. For paying your utility bill, you have two options. Either pay $100 in fiat, or $110 in crypto. Which one you would chose? I would go for the first option, and for the difference ($10), I would purchase more cryptocurrency and add to my portfolio.

xZork

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

Which side do you think is right? I want to hear from you sincerely.

If I had to choose, I would choose the Fiat currency, because the Fiat currency currently dominates the world. Cryptocurrencies are currently not considered a currency that most people consider a form of profitable investment. You will find it very difficult to find a place where cryptocurrencies are considered as a currency, even in many countries you will violate the law if using cryptocurrencies in payment.
Perhaps my best answer is that I will hold the Fiat currency and then split a portion to invest in cryptocurrencies.

darkangel11

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If I could use crypto for all my purchases I'd do it for the following reasons:
-I would like to show my defiance to the banks and governments and not accept their inflated and manipulated fiat money
-I'd feel better knowing none of my payments can be stopped by the banks or governments
-I'd be able to pay at any time instantly
-I'd be able to stay fairly anonymous

Even if Crypto would cost me more I'd choose it to feel safe and independent.

ntsdm1

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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.

You're talking about the exact opposite.Crypto-currencies are an absolutely new kind of value. It is impossible to say that it is better to have a fiat or crypto because they are in different planes.Worse crypto or better, but the most important thing is that without crypto it is simply not possible to do just as well as without the fiat money.

Harlot

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You can't really choose a side if you can have both. In this world or at least towards the crypto friendly countries you have the privilege to hold fiat currencies as well as crypto. If you think that fiat currencies is a better mode of payment in transactions as compared to crypto then use fiat. Today I do admit as of the present that fiat currencies and their online counterparts are more better in terms of payment transactions but in terms of investment crypto stands out on growing your capital compared to fiat so a lot of crypto users here are also traders/hodlers of cryptocurrencies. In my opinion if you have the option of having both in your country then take advantage of it and not just choose only one because you are just missing an opportunity if you left out crypto because of fiat being a better option as a payment.

alrose

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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.

Yes online banking is really a very strong thing.But the Bank works only with Fiat money, while the cryptocurrency performs a diverse role and accordingly gives an advantage to end users.Personally, I currently use both currencies.I don't see any problems.

fiulpro

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This actually depends on what am using it for ..
If it would have been something that would require Fiat and the dealer won't be able to accept the cryptocurrencies even if they want to then I would ofcourse prefer the Fiat , but when it comes to investment strategies plus overseas business and transfers then bitcoins all the way .. no doubt .
Fiat is good with stability and security but bitcoins is good for investments and job opportunities.

teosanru

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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.

I think this matter isn't about the convenience of the users. The matter is regarding the structure of the economy. Money is the most important thing on which world works. Cryptocurrencies are based on self balancing technique and market is obliged to automatically correct itself using forces of demand and supply but this is too much of an capitalist approach and people with lots of Cryptocurrencies can easily manipulate it. On the other hand same isn't possible that easily due to government intervention which is why I think fiat will be safer route however instead of cash we might see Cryptocurrencies backed by government themselves but there is still a long way to go to see all this.

agentx44

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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.

If I were to choose between crypto and fiat, I would choose crypto more probably. I would consider the features, advantages and benefits I may get as I use a certain currenct wherein in crypto, we are all aware that it is good for investment and its volatility is very different from fiat's. Although fiat is being used for a long time already, the fact that it is under the manipulation of the government makes it more unlikely to be chosen. Most of them are just abusing their power which makes us look like their slaves.

Eclipse26

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Not because it is safe to say, but because I prefer both currency. Fiat is important and crypto is also becoming essential as time goes by. We've been using fiat ever since while crypto is the innovation. Can't we just appreciate how this two can function together? Just like now, I'm contented with what I am using. Both fiat and crypto. It's much easier to have two options depending on the cases than only having one.
I won't elaborate why one is important since both are important. They have value. Convenience is what matters. In different scenarios think which among the two is better to use. That's why having two currency is better than choosing between them.

wack slacker

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FIAT and cryptocurrencies have the same economic value, but if selected I would prefer FIAT money.
Reason: FIAT money is easier to exchange and accepts even the smallest denominations. They are very convenient, you will not have to pay any cost if paying daily.
Cryptocurrencies will be more restrictive for exchanges and payments, and we will have to pay a certain fee to send them.
Also fiat money changes less in value than cryptocurrencies. Cryptocurrencies may drop dramatically. If in a short period of time, the two types of assets have equal value but in the long run will be different if you own the same amount of money.
If you transfer a large amount of money, then cryptocurrencies will be more efficient with better fees and safer than fiat money.
It is clear that fiat money has many advantages, but in terms of technology and security value, cryptocurrencies seem to be better.

onyek16M

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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.

because crypto has a fluctuation price. so when you save crypto in the wallet and the cryptocurrency increase high price, you can get more money in your wallet. it different while you save your fiat money in wallet apps online or credits card because fiat money can't moving up price... although it also has risk, as a user of both that crypto and fiat money, i prefer to cryptocurrency

onrise

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Quote from: meliodas on December 07, 2019, 08:02:43 AM

I would have one chance to choose then I would choose cryptocurrency over fiat any day. Cryptocurrencies has a lot of potential and opportunities for its users and that is why I would settle for cryptocurrency. Even though its value is not fixed, it is an advantage for me because I can play with the volatility to create more money for me.

Crypto was the future and we know it is now future as well same thing even 5-8 years back was the case and see today where the btc and other coins have reached. This has come a long way and those who had believed in it have really made a good amount of money for themselves.

davinchi

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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.

Most people Huh

I guess that's because you asked your question on Bitcointalk and this is a crypto community, so why won't a lot of people choose crypto? If you should take your survey to the outside world you're probably going to get a lot of Yes for fiat, and 99% No on crypto lol.

Both of them are good, I like making use of fiat and crypto as well. They both have their advantages and disadvantages, and I don't think will be able to take the place of fiat, some people just don't know what they are saying. The good thing with cryptocurrency is that we can send money quickly and at a cheaper rate to any location in the world, but there are a lot of other options we can still use apart from crypto.

Topic: Fiat Vs Cryptocurrency, which would you choose? - page 13. (Read 3811 times)