Topic: Fiat Vs Cryptocurrency, which would you choose? - page 6. (Read 3847 times)
I don't want to choose any side here because both fiat and crypto currency have a good use for us, like in fiat we can use this in all store nationwide without verifaction on a 3rd party. And also in crypto currency that we can use to pay products we want to buy online. That's why fiat and crypto currency are usefull for us because this 2 have disadvantage and also advantages to each others.
There are no absolutely perfect and perfect means of payment in us. While each means of payment has its advantages and disadvantages. Therefore, do not focus on either ordinary currency or cryptocurrency. They need to be used all, using their advantages depending on the goals we have chosen. And it is unlikely that we will have an ideal currency, at least in the near future.
cryptocurrency is not for daily usage yet. it is mostly for investment. i wouldn't make a choice between these two. fiat is the best for daily usages. but crypto market has a huge potential to invest in for long term.
i agreed with you that fiat is convenient for daily usage because most of the people in our societies do not know about the crypto and that is they use only fiat like consider a business owner who do not know about crypto will run his whole business on fiat, in turn we all will use fiat for buying his product, but crypto has also usage for online shopping and very good for investment too.
cryptocurrency is not for daily usage yet. it is mostly for investment. i wouldn't make a choice between these two. fiat is the best for daily usages. but crypto market has a huge potential to invest in for long term.
i agreed with you that fiat is convenient for daily usage because most of the people in our societies do not know about the crypto and that is they use only fiat like consider a business owner who do not know about crypto will run his whole business on fiat, in turn we all will use fiat for buying his product, but crypto has also usage for online shopping and very good for investment too.
cryptocurrency is not for daily usage yet. it is mostly for investment. i wouldn't make a choice between these two. fiat is the best for daily usages. but crypto market has a huge potential to invest in for long term.
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?
The comparison of the the currency depends on the people, the users who will decide on where and how to use their money. Crypto currency for me, is better when you are risky enought to invest and have high hopes on increasing your money conveniently and with less effort. On the other side, fiat is good through traditional transactions that are still not accepting any other payment and is more secure to store.
I really like crypto, but at this point is someone where to give me a million dollars, it would just be more convenient to get cash.
We're still in the early stages.
Yes. Crypto has still a big room to grow so it will still developed more in the next years to come. If i were to chose, i prefer them both. I need them both because i need fiat at the moment and crypto for my future investments and make profits intended for my retirement days.We're still in the early stages.
Thinking about it I might just take the million dollars in Bitcoin. Chances are that it will go up in value. Though with the fiat I might be able to buy it, buying a million dollars worth might be very difficult.
I really like crypto, but at this point is someone where to give me a million dollars, it would just be more convenient to get cash.
We're still in the early stages.
And then your funds will get confiscated by the government. They will ask for explanation. You will be facing lots of trouble when trying to bank your cash or transfer them anywhere. You will see that you will be paying the government more than what you will be spending. If I were you, I would prefer taking bitcoin or any other crypto currency, rather than accepting fiat currency. Just take it and leave for a country that is more crypto friendly!We're still in the early stages.
Well this is all assuming that I got the million dollars in some sort of legal way. Then I wouldn't have such problems with the government.
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.
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?
The comparison of the the currency depends on the people, the users who will decide on where and how to use their money. Crypto currency for me, is better when you are risky enought to invest and have high hopes on increasing your money conveniently and with less effort. On the other side, fiat is good through traditional transactions that are still not accepting any other payment and is more secure to store.
Whichever bitcoin, gold or bank interest offers a better income. I'm a bitcoin investor. It is always reasonable to split the portfolio can get a little under. Now why would people use paper money? Everything can be bought with Bitcoin. Bitcoin uses will expand in the future. It offers use beyond states.
If you want to use it as a currency or a mode of payment, then I have to admit that fiat is better under current circumstances. Bitcoin and the other cryptocurrencies are more suitable for usage as speculative investment assets, and not as mode of payment. High and volatile transaction fee, and the delays in getting confirmations are some of the disadvantages of using BTC for this purpose.
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.
No physical currency grows in value, but bitcoin grows as well as declines in value. This means without investing just keeping it in the wallet will give us an increase in the value when compared along with the fiat. I'll go with cryptocurrency, maybe now I can't depend completely on bitcoin but in the future scenario will change with anything can be bought with cryptocurrencies. People who have tasted the goodness of using cryptocurrency will never go back to fiat for any reason.
for business, I will also choose crypto especially bitcoin, this I have done for years, and use it to develop the amount of fiat that I have. however, these two things are very important to use, I can't choose one of them to use, because crypto and Fiat have their other benefits and functions. 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.
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
Yeah you are right both money is very good for all of us but the Cryptocurrency is very good for investment so in this way when those people have no lack of money then they need to start investment in Cryptocurrency which will give them a lot of profit in short period of time. Of the two options above, I am probably a risk taker and I will choose cryptocurrency. Fiat currency is probably only for those who want to enjoy their lives
I also choose crypto because for me crypto has more attractive features than fiat. We can use fiat only for temporary use and it will get us goods we need but with crypto we can make our future and it will give us profit, we can use it at the time of need without any problem so we should prefer using crypto.both can run together, so no problem. we no need to choose one
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
No physical currency grows in value, but bitcoin grows as well as declines in value. This means without investing just keeping it in the wallet will give us an increase in the value when compared along with the fiat. I'll go with cryptocurrency, maybe now I can't depend completely on bitcoin but in the future scenario will change with anything can be bought with cryptocurrencies. People who have tasted the goodness of using cryptocurrency will never go back to fiat for any reason.
Of the two options above, I am probably a risk taker and I will choose cryptocurrency. Fiat currency is probably only for those who want to enjoy their lives
Both has the importance to the user, for me I currently use fiat and cryptocurrency. We cannot deny the fact that fiat are still very important since this is traditionally use. In cryptocurrency, it has also a big impact to us since more advantages we enjoyed. There is nothing to choose about as we need both of them, we cannot live at the moment with only cryptocurrency as it is not yet fully adopted, but we can live now even without crypto, if only fiat. Crypto is just one way tool for now for us to learn investing and once it is fully adopted in most countries and by most people then that will be the time we can able to choose.
And this is really important because you know that no matter the circumstances this market is going to do well and that is something that no other market can say.
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