Fiat Vs Cryptocurrency, which would you choose? - page 5.

kapalmabur

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Quote from: henrybek3 on January 06, 2020, 07:45:46 PM

I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.

for now fiat and crypto currencies are still interconnected, and inseparable,
crypto currencies will not be useful if fiat doesn't support, but maybe the future of fiat will disappear

breathlessz

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Quote from: @prashant on January 05, 2020, 07:28:13 AM

Fiat is stable so it is entirely different from crypto, crypto was used as virtual investment asset and now it is more popular as regular currency as there are more adoption to it and e-voucher are there which ease the use of crypto. I think both is used in respective situation as fiat is general and crypto is famous amongst holder , i also use crypto for voucher rather than buying stuff with fiat.

You are right in my opinion both gonna exist because all the people are used to the fiat currency which cannot be changed at ease may be government-issued digital currency may replace the current fiat system and those who hate the central bank issued currency gonna support the cryptos which has started to become a universal currency

This debate is not a new one. Crypto VS fiat has always been a hot topic in the world of economy. But I would suggest you to keep a balance between the two. You must prefer crypto when doing online transactions .Moreover fiat is preferable when you are supposed to deal with local transactions .Paper money and its worth could not get eradicated completely.

I think depending on its function, with cryptocurrency our assets will easily increase, although it has a big risk as well, but with fiat we can easily carry out local transactions without any constraints. indeed by saving fiat money according to needs will be better

henrybek3

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I choose Cryptocurrency. People may have different preferences. Nobody gets involved. There are those who want to be rich in taking bitcoin. However, there may be people who want a more transparent economy by trading with bitcoin.

Triffin

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Quote from: robelneo on January 05, 2020, 07:40:30 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.

I prefer to have both when there is a possibility to have both, there is an option not to use any because I am comfortable using both, there are instances that fiat is a must use and I invested in Cryptocurrency because this is a technology that will soon be integrated into every company and countries, and of course there is a profit to be made here.

Yes we can use both Coin because we have chance to use both at single time there will be no restrictions. I like to invest my money in bitcoin and Eth as both of them are profitable and it will be good for us. Bitcoin was my first choice but now I have notice that Eth is also good coin so I am now investing my money in bitcoin and Eth equally.

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Quote from: robelneo on January 05, 2020, 07:40:30 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.

I prefer to have both when there is a possibility to have both, there is an option not to use any because I am comfortable using both, there are instances that fiat is a must use and I invested in Cryptocurrency because this is a technology that will soon be integrated into every company and countries, and of course there is a profit to be made here.

Well, I think both are great currency. They just have the unique characteristics and their own roles in people and economy I also choose both because I think both of them are important to me. First I use crypto currency, of course, to earn profit by doing posting and investment such as trading or other things, and also I use this to any transactions that offer crypto services for faster, and easier transaction and after that, of course, I need a physical money in my country currency so I will convert it as we all know we cant always use crypto in any transaction we still need fiat currency, and that's the reality.

bitzizzix

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Quote from: robelneo on January 05, 2020, 07:40:30 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.

I prefer to have both when there is a possibility to have both, there is an option not to use any because I am comfortable using both, there are instances that fiat is a must use and I invested in Cryptocurrency because this is a technology that will soon be integrated into every company and countries, and of course there is a profit to be made here.

So fiat is now is only for formality but people are much interested in crypto because fiat is only currency but with crypto we take advantage of having investment of our future. So if I ever got chance to choose one then my choose will be one and only crypto because it this time it’s important to have some savings and to have something against rainy days.

Fiat is not a formality but a tool to meet our needs so far using functionally available fiat has become the core for our needs.
So far crypto cannot be used in full transactions that can meet our needs due to limitations and will be more suitable for use as assets or good investments in the future, and both must be owned.

iamsheikhadil

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I think it's quite naive to make them compete one against another because both have their flaws and cons as well. Fiat is so much adopted that we really can't just replace it given that many people are still uneducated on the uses and applications of crypto, lack gadgets and tools to store or buy crypto and much of world lies under poverty line.

k@suy

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Well, there's no specific answer to that wrong. Your question has to be answered subjectively, so it would depend on which side they feel more comfortable on the person. Our reaction is rather biassed as an enthusiast of cryptography. Of course, we'd prefer crypto over fiat, but there are some things that crypto can't work while fiats can, well, and also fiats. On their fields, they are both constrained.

For me even I am currently working here at crypto world, I prefer to use fiat in my daily financial needs and my virtual coins here serves as my online bank and ATM because whenever I need money I trade my coins into fiat because here in my country cryptocurrency cannot be use as a mode of payment here thats why I have to convert my coins first into fiat before I can use it to buy or to pay bills and also as what you have said fiats has a lot of advantages that the crypto cannot be done.

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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.

Not sure if this question has been adequately answered. But here's my 2 cents:

I remember when I first heard about BTC and I thought it would be the next revolution of money - the kind of thing to replace fiat. But more than 10 years of its invention, it is yet to do without the fiat system. Now I do not imply that Bitcoin isn't a big deal, but I've come to the understanding that the one cannot do without the other (at least for those who have embraced the concept of decentralized money).

In short, it's not on whose side you're on that matters but what side on when you decide for relative utility (which is either as an investment vehicle or a currency). Imho, crypto in general still falls short of being the latter, so I'll use Bitcoin for now as an investment vehicle and stick to fiat for real-world stuff.

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Quote from: Boov on January 04, 2020, 02:41:32 PM

Quote from: wxa7115 on January 04, 2020, 02:24:28 PM

Quote from: Karmakid on December 31, 2019, 09:13:04 PM

Quote from: wxa7115 on December 31, 2019, 01:44:12 PM

Quote from: Kimonoe on December 27, 2019, 07:06:57 PM

for me both are good, because if we get fiat, then we can easily spend it immediately, but if we get crypto then we can exchange it for fiat and easily spend it. but for now it's easier to shop if you have fiat

But you are only thinking on the short term implications of using fiat or cryptocurrencies, a coin like bitcoin has grown almost exponentially since it was created while the value of the fiat in your pocket does nothing but to go down, so when you see things from a long term perspective it is easy to see who is the best.

Besides the fact that cryptocurrencies cannot be easily be spent plays to our advantage since that means that you have to hold your coins since you cannot easily spend them and this means you have a better chance to capture positive movements in the market and make money thanks to it.

That is the main reason why fiat is still the king in the monetary system because bitcoin and other cryptocurrencies are not widely accepted so it is a hindrance for people to choose cryptocurrencies over fiat. In my honest opinion, there is nothing wrong to choose fiat over cryptocurrencies because you can still do a lot of things with fiat like use it as a capital on different investments.

But it depends entirely on the reasons of why you are choosing fiat over bitcoin, if what you want is to spend your money in something that you want then I will agree with you, fiat is by far the best choice for a person that wants something like that.

But if we are talking about which one is the best investment then this is a no contest, bitcoin is by far the best option, just look at what a dollar could buy you ten years ago and look at what you could buy today if you had used that dollar to buy whatever bitcoin you could, so make no mistake everything is a tool to get what you want and you need to make sure to make use of the correct one if you want to achieve your goals.

Very well said but in my own opinion I think bitcoin cannot fully replace the fiat all though it will serve a huge help for the government to enhance their economical status because fiat is the pioneer mode of payment and we are using it from the late 1900 until now and it is very difficult to change from what we have used to.

Cryptocurrencies would take over the world soon but as far as fiat is being considered, it is not possible to eradicate it completely. Cryptocurrencies are being used at a much greater scale due to its anonymity but this kind of questionable resource is not yet applicable in the banking system .I think that both forms of money have their own significance and are not to be compared to find out better option.

robelneo

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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 prefer to have both when there is a possibility to have both, there is an option not to use any because I am comfortable using both, there are instances that fiat is a must use and I invested in Cryptocurrency because this is a technology that will soon be integrated into every company and countries, and of course there is a profit to be made here.

@prashant

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Fiat is stable so it is entirely different from crypto, crypto was used as virtual investment asset and now it is more popular as regular currency as there are more adoption to it and e-voucher are there which ease the use of crypto. I think both is used in respective situation as fiat is general and crypto is famous amongst holder , i also use crypto for voucher rather than buying stuff with fiat.

Boov

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Quote from: wxa7115 on January 04, 2020, 02:24:28 PM

Quote from: Karmakid on December 31, 2019, 09:13:04 PM

Quote from: wxa7115 on December 31, 2019, 01:44:12 PM

Quote from: Kimonoe on December 27, 2019, 07:06:57 PM

for me both are good, because if we get fiat, then we can easily spend it immediately, but if we get crypto then we can exchange it for fiat and easily spend it. but for now it's easier to shop if you have fiat

But you are only thinking on the short term implications of using fiat or cryptocurrencies, a coin like bitcoin has grown almost exponentially since it was created while the value of the fiat in your pocket does nothing but to go down, so when you see things from a long term perspective it is easy to see who is the best.

Besides the fact that cryptocurrencies cannot be easily be spent plays to our advantage since that means that you have to hold your coins since you cannot easily spend them and this means you have a better chance to capture positive movements in the market and make money thanks to it.

That is the main reason why fiat is still the king in the monetary system because bitcoin and other cryptocurrencies are not widely accepted so it is a hindrance for people to choose cryptocurrencies over fiat. In my honest opinion, there is nothing wrong to choose fiat over cryptocurrencies because you can still do a lot of things with fiat like use it as a capital on different investments.

But it depends entirely on the reasons of why you are choosing fiat over bitcoin, if what you want is to spend your money in something that you want then I will agree with you, fiat is by far the best choice for a person that wants something like that.

But if we are talking about which one is the best investment then this is a no contest, bitcoin is by far the best option, just look at what a dollar could buy you ten years ago and look at what you could buy today if you had used that dollar to buy whatever bitcoin you could, so make no mistake everything is a tool to get what you want and you need to make sure to make use of the correct one if you want to achieve your goals.

Very well said but in my own opinion I think bitcoin cannot fully replace the fiat all though it will serve a huge help for the government to enhance their economical status because fiat is the pioneer mode of payment and we are using it from the late 1900 until now and it is very difficult to change from what we have used to.

wxa7115

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Quote from: Karmakid on December 31, 2019, 09:13:04 PM

Quote from: wxa7115 on December 31, 2019, 01:44:12 PM

Quote from: Kimonoe on December 27, 2019, 07:06:57 PM

for me both are good, because if we get fiat, then we can easily spend it immediately, but if we get crypto then we can exchange it for fiat and easily spend it. but for now it's easier to shop if you have fiat

But you are only thinking on the short term implications of using fiat or cryptocurrencies, a coin like bitcoin has grown almost exponentially since it was created while the value of the fiat in your pocket does nothing but to go down, so when you see things from a long term perspective it is easy to see who is the best.

Besides the fact that cryptocurrencies cannot be easily be spent plays to our advantage since that means that you have to hold your coins since you cannot easily spend them and this means you have a better chance to capture positive movements in the market and make money thanks to it.

That is the main reason why fiat is still the king in the monetary system because bitcoin and other cryptocurrencies are not widely accepted so it is a hindrance for people to choose cryptocurrencies over fiat. In my honest opinion, there is nothing wrong to choose fiat over cryptocurrencies because you can still do a lot of things with fiat like use it as a capital on different investments.

But it depends entirely on the reasons of why you are choosing fiat over bitcoin, if what you want is to spend your money in something that you want then I will agree with you, fiat is by far the best choice for a person that wants something like that.

But if we are talking about which one is the best investment then this is a no contest, bitcoin is by far the best option, just look at what a dollar could buy you ten years ago and look at what you could buy today if you had used that dollar to buy whatever bitcoin you could, so make no mistake everything is a tool to get what you want and you need to make sure to make use of the correct one if you want to achieve your goals.

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Quote from: charlesmichel1 on January 02, 2020, 10:51:59 PM

Of course, I prefer cryptocurrency. I like the conception of financial freedom, but nowadays we all have to use fiat money. And this situation won't change soon.

It is very crucial at this moment to choose and decide for good whether to use only crypto and/or use only fiat. We are all aware how convenient and how good it is to use cryptocurrency, from the freedom it gives to crypto investors, users, and enthusiasts up to its feature of being a safe haven especially for investors that lives in a country that is undergoing an economic turbulence. Also, we can't just drop fiat (just in case) because not all government is open about accepting cryptocurrencies. So I think its practical not to take sides and use whatever would be convenient to your need.

Twentyonepaylots

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Quote from: charlesmichel1 on January 02, 2020, 10:51:59 PM

Of course, I prefer cryptocurrency. I like the conception of financial freedom, but nowadays we all have to use fiat money. And this situation won't change soon.

I couldn't agree more, most people will still choose fiat over crypto because it is what they have been used to. Us people especially cryptocurrency enthusiasts will definitely choose crypto because we saw its benefits and we have gained financially from it. This revolution we have been waiting for will happen inevitably, but it won't happen just yet until ample people still prefer to use fiat with their day to day activities.

inanilujimi

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Both are not a choice that must be determined, because for me crypto and fiat continue to be used for daily life and have their respective uses and advantages.
The story will be different if fiat is no longer considered a legitimate transaction tool, maybe I will move to crypto completely.

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Quote from: supercanada1 on January 04, 2020, 10:31:56 AM

Quote from: charlesmichel1 on January 02, 2020, 10:51:59 PM

Of course, I prefer cryptocurrency. I like the conception of financial freedom, but nowadays we all have to use fiat money. And this situation won't change soon.

Both the paper money and the digital currency are equally important in today’s world. This is because various systems need different types of money .Digital currency is important for local purposes where fiat is necessary for the official proceedings such as the banking systems. Cryptocurrency is taking over the world because it is being excessively used for the international transactions.

as far as I know now I should not have thought about paper money because with paper money it is not too efficient for its use and increasingly expensive raw materials, it is better to use a digital currency system that can be more efficient when used, with the use of digital currencies not more natural resources.

Negotiation

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Quote from: onyek16M on December 13, 2019, 11:38:41 AM

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Quote from: OrangeII on December 13, 2019, 01:58:57 AM

Quote from: Negotiation on December 12, 2019, 11:33:29 PM

I think both are good because there are good and bad aspects of everything such as Fiat and cryptocurrency and Fiat which we use to buy something and for cryptocurrency investing we will hold on to Crypto and think of ways to make money easily The price will go up much lower.

both of them are very useful now, I can't even choose between one of them because I feel that the two transaction tools are very important for now. Well, I use cryptocurrency for online business, and Fiat uses it for an offline business. Well, however, we can't use crypto for an offline business. so both are very useful.

That a good example of how to manage the usages of both services, the system for online deals can be done thru crypto while fiat system will be kept as it is when dealing with offline transactions. The idea of comparing should not be a big concern instead should be taking as a good options when you both understand the benefits. It's the users who will justify the uses of both system and enjoy the benefits.

yes many people choose both of cryptocurrency and fiat, because fiat for daily needs its cause there is no store accept payment of cryptocurrency so they are still need fiat for life. and people use cryptocurrency for side job to make more money, investment or etc. cryptocurrency and fiat has own usability so people can not choose one of both

The plan is great so I think it is good to choose between the two and to be limited to the two because both are useful to us online while the other is offline Everything has its advantages.

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Quote from: charlesmichel1 on January 02, 2020, 10:51:59 PM

Of course, I prefer cryptocurrency. I like the conception of financial freedom, but nowadays we all have to use fiat money. And this situation won't change soon.

Both the paper money and the digital currency are equally important in today’s world. This is because various systems need different types of money .Digital currency is important for local purposes where fiat is necessary for the official proceedings such as the banking systems. Cryptocurrency is taking over the world because it is being excessively used for the international transactions.

Topic: Fiat Vs Cryptocurrency, which would you choose? - page 5. (Read 3811 times)