Fiat Vs Cryptocurrency, which would you choose? - page 9.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: oxgroth on December 15, 2019, 08:02:49 AM

Fiat still has much more usecases and simpler regulation. Of course i will choose it for everyday use

Main reason why people get used or do always prefer on using fiat due to regulation and been tied up with the government.

We've been using it through ages and crypto is just an option when it comes to payment system but we know on what are the things lacking on this one.

So, no surprise that this one isnt still adopted worldwide.

luckyflop

hero member

Activity: 812

Merit: 512

Of course I would choose both. FIAT and cryptocurrency have their own advantages and are not interchangeable. With the development of technology, payment through cryptocurrencies is becoming more common, but sometimes cash is superior if you need to buy something small, like buying coffee or food. eat fast ... Obviously cash will be a lot more convenient

oxgroth

member

Activity: 143

Merit: 10

Fiat still has much more usecases and simpler regulation. Of course i will choose it for everyday use

msarro

hero member

Activity: 788

Merit: 505

I will definitely prefer fiat over crypto. With fiat, I can fill up the tank of my car, buy bread for my family and other day to day things. Unfortunately with crypto, there are just a handful of things which I can do in my daily life, its only good for investment not for daily living.

huige007

sr. member

Activity: 887

Merit: 253

Quote from: crossabdd on December 14, 2019, 05:05:55 AM

both are true. and both have almost the same function. It is just. crypto has no central control. and fiat has central control. crypto has equality in all countries. but it must run on the internet. while fiat can be used offline. so which is better? both are good. about security. crypto is superior. about usability, fiat more broadly.

The selection between fiat and crypto totally depends on the needs and availability of resources for the user. If person wants to make high transactions in short time without paying huge transaction dues than crypto is great. If the person wants a currency as an investment, again crypto will be the choice. But if there is no internet or you are living in some remote area, then fiat will help you in making deals easily.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

PredX - AI-Powered Prediction Market

Quote from: crossabdd on December 14, 2019, 05:05:55 AM

both are true. and both have almost the same function. It is just. crypto has no central control. and fiat has central control. crypto has equality in all countries. but it must run on the internet. while fiat can be used offline. so which is better? both are good. about security. crypto is superior. about usability, fiat more broadly.

in fact, at this time both currencies are still used and are still being developed today. because of this, it is quite difficult to choose between the two currencies. however, people will tend to choose fiat because it's used every day. apart from that, it is also used to meet daily needs. if we use cryptocurrency for that, then we have violated the law. so using both is the best.

longyenthanh

sr. member

Activity: 1221

Merit: 250

Crypto is far away from fiat in terms of usage on daily basis. We are still in early days of crypto adoption and its going very fine. But still crypto has long way to go. Crypto is still seen widely as an asset of investment. I am keeping crypto for long term investment but fiat is my first choice for daily living.

Divinespark

hero member

Activity: 938

Merit: 501

Quote from: coinoutraged on December 13, 2019, 06:23:21 PM

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.

Why is cash more convenient? I think if you get $ 1 million from someone, you need to explain the money to the bank and state in your country. A lot of trouble comes after that and you need to pay taxes on that money. But if you get $ 1 million in BTC, no one will investigate you and you won't have any trouble

crossabdd

legendary

Activity: 1316

Merit: 1145

both are true. and both have almost the same function. It is just. crypto has no central control. and fiat has central control. crypto has equality in all countries. but it must run on the internet. while fiat can be used offline. so which is better? both are good. about security. crypto is superior. about usability, fiat more broadly.

karanggatak

hero member

Activity: 1106

Merit: 506

I don't think we can choose between fiat and cryptocurrency at the moment because to be honest, I need both. in fact I prefer cryptocurrency over fiat money because cryptocurrency is decentralized and doesn't experience inflation. and also very good as an investment tool. but unfortunately when not all stores can accept crypto as a means of payment and also most governments do not support cryptocurrency for payment tools. so as to fulfill my daily needs I still use fiat money.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: coinoutraged on December 13, 2019, 06:23:21 PM

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!

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: coinoutraged on December 13, 2019, 06:23:21 PM

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.

coinoutraged

jr. member

Activity: 68

Merit: 1

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.

Karmakid

sr. member

Activity: 742

Merit: 397

Quote from: Boov on December 13, 2019, 04:43:59 PM

Quote from: Waterfull446 on December 13, 2019, 11:07:43 AM

It's hard to love one thing when both crypto and fiat have their advantages. But the idea of a co-author of Bitcoin, who said that stablecoins have a great future, is close to me. Now if you look at Europe, then their version of the digital euro issued from the central bank will combine both pluses - a single currency for different countries, and technically digital. Although the only thing I don’t understand is it possible to profit from stable coins? Isn't their goal to be a means of quick exchange?

I really cant choose between them, fiat is the one I use in everything because it is more convinient to use and also it is the currency here in my country, cryptocurrency is for investment, though I can use that in some things but many things I can use in terms of payment, I think I will choose fiat now, but it all depends on the situations.

Within these days, it is still in favor for fiat currencies. Fiat currencies are still the main type of currency that we will be using to do most of our transactions whether it is offline or online. Cryptocurrencies are still not in the mainstream and it is more like an asset or a tool to create more fiat currencies for us to be used.

Boov

sr. member

Activity: 868

Merit: 256

Quote from: Waterfull446 on December 13, 2019, 11:07:43 AM

It's hard to love one thing when both crypto and fiat have their advantages. But the idea of a co-author of Bitcoin, who said that stablecoins have a great future, is close to me. Now if you look at Europe, then their version of the digital euro issued from the central bank will combine both pluses - a single currency for different countries, and technically digital. Although the only thing I don’t understand is it possible to profit from stable coins? Isn't their goal to be a means of quick exchange?

I really cant choose between them, fiat is the one I use in everything because it is more convinient to use and also it is the currency here in my country, cryptocurrency is for investment, though I can use that in some things but many things I can use in terms of payment, I think I will choose fiat now, but it all depends on the situations.

vintages

full member

Activity: 966

Merit: 153

Quote from: Palider on December 13, 2019, 11:22:41 AM

I'm here in crypto to make money,
That's why I choose fiat money.
Because of fiat money everything I can buy unlike crypto only select stores accept it. And even though I invest a lot of crypto, especially bitcoin, eventually I still exchange it for fiat money.
Thus adoption is needed, acceptance and awareness.

I think you are not looking at the long term goals here but the short term.
I respect your choice but to say that spending cryptocurrency is limited is because you haven't find the right platform where you can spend your cryptocurrency on. In a matter of time, there will be online outlets to spend cryptos from.

Moreover, check out this website, https://spending-bitcoin.com/ they provide a directory of sites to spend Bitcoin and other cryptos from.

And here is their thread in this forum: https://bitcointalksearch.org/topic/spending-bitcoincom-the-biggest-directory-of-online-stores-accepting-bitcoin-5198903

imstillthebest

full member

Activity: 1638

Merit: 122

Quote from: ?? on ??

For me both is too important to our lives now because fiat and crypto are very useful to us right now. Lile what you said when paying a payment online it should be crypto or fiat in making payment. I believe rhis two was created to help us and become useful. Cryprocurrency is not popular to all people but diat is already popular because people use it everyday in daily lives.

both is important but if you will only have to choose one , what you will choose ? that should be the op is asking . on the times that there are no crypto there are already fiats available to use and i can say that fiats are the ones that is important the most because you can live with fiats alone but i think you cant survive if you only have is a crypto . still its up to you if you will choose both of them . if you think that you can live more better with both of them then go on

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: ?? on ??

For me both is too important to our lives now because fiat and crypto are very useful to us right now. Lile what you said when paying a payment online it should be crypto or fiat in making payment. I believe rhis two was created to help us and become useful. Cryprocurrency is not popular to all people but diat is already popular because people use it everyday in daily lives.

Fiat is widely known yet we've been using it since from our lifespan of each person.We know that its the main thing being used when it comes to making transactions or purchasing everything.

Crypto is an another alternative which would give out ease on other transactions in a decentralized and anonymous way which is fully contrary to fiat which means we do have an option on which
one we would use up.

onyek16M

sr. member

Activity: 812

Merit: 250

Quote from: ardentvolcanoes on December 13, 2019, 06:05:41 AM

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

superman2019

newbie

Activity: 27

Merit: 0

There are cryptocurrencies that are now almost never serviced. They were created during the rapid growth of the crypto community in 2017, and now their technologies are outdated. They should be replaced with high-demand coins, for example, stable coins. And if we talk about fiat, then many countries will also not lose anything if they switch to cryptocurrencies. After all, Venezuela, Seychelles, has already done this. I see no problem replacing one means of payment and popularizing cryptocurrencies. I would be happy to use only non-cash payment methods

Topic: Fiat Vs Cryptocurrency, which would you choose? - page 9. (Read 3811 times)