Neither of these two it's true. You will not get rich with Bitcoin over night and fiat money will not make you poor if you don't make foolish things.
You probably don't know how to handle not Bitcoin nor fiat money so such claims don't reflect reality. But since almost children are also posting here on forum I would say this might be the case here so I will say such attitude is result of lack of life experience.
Topic: If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme - page 2. (Read 1518 times)
January 06, 2020, 03:35:05 AM
January 05, 2020, 11:11:59 PM
That's not true, you could quickly get rich on Bitcoin around the second half of 2017 - early 2018, but now very often you can lose money in Bitcoin rather than earn it.
Sure, but I technically could get rich by gambling money on a casino too. In your example, you need to buy and sell the bitcoin at the right time frames, which I really doubt most people can do. Timing the markets is mostly a gamble.
January 05, 2020, 10:02:03 PM
A lot of people have been pushing and telling everybody that cryptocurrency could replace fiat currency in the near future, but i think it would be impossible because fiat currency is supported and controlled by the government, cryptocurrency is not because it is decentralized that no one can control it even the government.
Also, fiat currency does not make people poor because of it's stable value, we only use fiat in exchange for goods. It doesn't makes us rich because it is not an investment like bitcoin.
bitcoin will indeed be difficult to accept in all countries because there will definitely be a government that will ban it, because of the bitcoin nature that is difficult to control and also difficult to do tax collection, the government will be difficult to give access to the use of bitcoin in that country. So far Fiat is still a necessity for transactions in many countries. Also, fiat currency does not make people poor because of it's stable value, we only use fiat in exchange for goods. It doesn't makes us rich because it is not an investment like bitcoin.
January 05, 2020, 07:07:51 AM
If you have a good source of income in fiat you wouldn't describe it that way and you may probably not know anything about crypto, only those who are looking to earn extra income are the majority in crypto, so don't be too quick to condemn fiat because it is still the most use currency out there.
January 05, 2020, 06:08:54 AM
both fiat and bitcoin are currency for the people but its just fiat came from government while bitcoin only created by some individuals that might not related to government .
fiat already provided benfits before and that benefits are more than bitcoin because it existed long time ago while bitcoin was only 10 year old but people thinks that btc is much more better than fiat but they already forgot what the fiat did to them when btc has not been around yet .
fiat already provided benfits before and that benefits are more than bitcoin because it existed long time ago while bitcoin was only 10 year old but people thinks that btc is much more better than fiat but they already forgot what the fiat did to them when btc has not been around yet .
January 05, 2020, 05:42:07 AM
A lot of people have been pushing and telling everybody that cryptocurrency could replace fiat currency in the near future, but i think it would be impossible because fiat currency is supported and controlled by the government, cryptocurrency is not because it is decentralized that no one can control it even the government.
Also, fiat currency does not make people poor because of it's stable value, we only use fiat in exchange for goods. It doesn't makes us rich because it is not an investment like bitcoin.
Also, fiat currency does not make people poor because of it's stable value, we only use fiat in exchange for goods. It doesn't makes us rich because it is not an investment like bitcoin.
January 05, 2020, 02:52:15 AM
I found this quality topic on twitter and it all caught my attention. I have seen that fiat is the currency of the Government and Bitcoin is the currency of the people, Can the Government Crash? if so the people cannot Crash neither, because so many people are not making good business from the fiat than in bitcoin, which have provided so much job opportunities for users who are online. Fiat will be replaced soon by bitcoin.
Share your thoughts
i will agree that fiat is get to poor slow scheme if you compare the money you have 10 years ago you will know how the price of money dropShare your thoughts
the price of goods rise and the value of money drops if you will save some cash today after 10 years it will not be worth the same.
January 04, 2020, 10:12:53 PM
Fiat will be replaced by crypto currency but i dont think it will be bitcoin. Government want to control everything and even fiat money , bitcoin cant control by the governement so they will create thier own and will use blockchain technology to make a new way of payment before fiat currency fall.
Governmentcoin will be fully digitised fiat. There won't be any difference in its fundamental nature, only its implementation. Their absolute control over it, and you, will make it more worthless with greater rapidity and make a stronger than ever case for Bitcoin.
This.
Government will do what it takes to level their local currency the same as BTC. They're gonna innovate on how money flows inside their country. Besides we already have credit cards/debit cards that is somehow a bit similar to what BTC can do except that it is fully regulated by banks as well as the government through fees/taxes.
Even this early, governments are already starting to come up with a basic plan as to their own issuance of a government or fiat-backed cryptocurrency. This may actually hit a wider and faster adoption compared to Bitcoin because it is coupled with a legal order to everyone under their jurisdiction but this will not replace Bitcoin. They are both crypto but everybody knows which one is bogus and which one is real.
January 04, 2020, 10:05:03 PM
I don't believe that at all Bitcoin is a quick scheme in order to get rich and Fiat is a poor slow scheme, tell me how many rich people in this current world are using Bitcoin? I think you could find a very small amount of people who are gaining through Bitcoin and cryptocurrency forum, on the other hand, A lot of examples you will get that most of the rich people have gained their wealth by fiat, So method doesn't matter at all, I think if you have a specific and precise idea then you could gain whatever you will follow.
But that is only the case because the fiat system has been available during the last century and it is still the dominant system in place, but give it enough time and we will begin to see more success stories when it comes to bitcoin.Also you seem to think that the wealth you have depends on the money you have and that is not exactly true, the money you have is a reflection of your wealth, it is a reflection of all the goods and services you can buy and if at some point bitcoin became the dominant form of money then we will use bitcoin to measure wealth, but nothing will change as those that were wealthy in the fiat system will be wealthy in the bitcoin system as well.
December 31, 2019, 10:39:48 AM
I think you are still living in stone age. Nobody is making huge money in crypto again. In fact many business that use bitcoin as payment processors are now dropping the support for crypto due to huge debt. Gone are the day when it is very profitable to trade bitcoin. Now you trade and make small money, the next day you just discover that the price fall had reduce your profit.
December 31, 2019, 09:41:06 AM
That's not true, you could quickly get rich on Bitcoin around the second half of 2017 - early 2018, but now very often you can lose money in Bitcoin rather than earn it.
December 31, 2019, 09:36:41 AM
I found this quality topic on twitter and it all caught my attention. I have seen that fiat is the currency of the Government and Bitcoin is the currency of the people, Can the Government Crash? if so the people cannot Crash neither, because so many people are not making good business from the fiat than in bitcoin, which have provided so much job opportunities for users who are online. Fiat will be replaced soon by bitcoin.
Share your thoughts
i will agree that fiat is get to poor slow scheme if you compare the money you have 10 years ago you will know how the price of money dropShare your thoughts
the price of goods rise and the value of money drops if you will save some cash today after 10 years it will not be worth the same.
December 31, 2019, 08:44:05 AM
Inflation is necessary for the economy to work. Fiat which has inbuilt inflation is not bad. But hyperinflation in bad when it gets out of hands. If you look at Bitcoin which has inbuilt deflationary property because of fixed supply, it fails as currency. People tend to save it instead of actually spending it.
So yeah, when it comes to saving. Saving money in Fiat will definitely make you poor. Instead invest it somewhere and let your money grow.
So yeah, when it comes to saving. Saving money in Fiat will definitely make you poor. Instead invest it somewhere and let your money grow.
December 31, 2019, 07:07:56 AM
Fiat will be replaced with another currency, though no one knows whether it's gonna be with Bitcoin or other altcoins. I don't think any government will allow the citizens to do Bitcoin uncontrollably, or any other generated Cryptocurrency, every government has a tendency to dominate and control every currency and every person. Each government has a central bank. Therefore, Bitcoin and Cryptocurrency will always be in the mainstream without being accepted by themselves. So I don't think that very soon Bitcoin or any cryptocurrency will replace traditional usd. This could be likely in the distant future, though, and hopefully it will happen.
December 31, 2019, 06:20:03 AM
I don't believe that at all Bitcoin is a quick scheme in order to get rich and Fiat is a poor slow scheme, tell me how many rich people in this current world are using Bitcoin? I think you could find a very small amount of people who are gaining through Bitcoin and cryptocurrency forum, on the other hand, A lot of examples you will get that most of the rich people have gained their wealth by fiat, So method doesn't matter at all, I think if you have a specific and precise idea then you could gain whatever you will follow.
December 31, 2019, 06:18:13 AM
I think bitcoin will never replace fiat money. although bitcoin has been proven to provide great benefits but it will not make the government legalize and support bitcoin. because bitcoin is decentralized and the government doesn't like something that can't be controlled. and in my opinion if in the future the government wants to replace fiat money with crypto then surely they will make their own crypto which they can control.
Bitcoin cannot be controlled, this is the main reason that no government will accept it instead of fiat money
December 31, 2019, 06:09:39 AM
There will be no end to comparing bitcoin with fiat and both are very useful for everyone, but fiat is superior because fiat existed before bitcoin existed and became a legitimate payment for buying and selling and needed by everyone to survive because everyone needs fiat.
bitcoin so far has not been as perfect as money and can only be used as an asset or investment that can change their lives for the better or get rich, and become an alternative payment to replace fiat and is limited because not all stores or transactions of any type use bitcoin, but there is no who knows in the future and in my opinion both will benefit everyone and complement each other.
bitcoin so far has not been as perfect as money and can only be used as an asset or investment that can change their lives for the better or get rich, and become an alternative payment to replace fiat and is limited because not all stores or transactions of any type use bitcoin, but there is no who knows in the future and in my opinion both will benefit everyone and complement each other.
December 31, 2019, 06:00:50 AM
Comparing fiat with bitcoin will never run out. In my opinion a discussion that never ends, in the future it is probable that cryptocurrency
will replace fiat. But it's definitely not bitcoin that will be a substitute for fiat, but rather crypto which will be made by each country.
Because the government requires centralized cryptocurrency, which has a price stable and also can be controlled. Different from bitcoin
that cannot be controlled and the price is volatility. And I disagree with the title on top of bitcoin is a get rich quick scheme, the reality of
getting rich with bitcoin cannot be fast and instant. Instead it has to go through a long process and requires hard work.
will replace fiat. But it's definitely not bitcoin that will be a substitute for fiat, but rather crypto which will be made by each country.
Because the government requires centralized cryptocurrency, which has a price stable and also can be controlled. Different from bitcoin
that cannot be controlled and the price is volatility. And I disagree with the title on top of bitcoin is a get rich quick scheme, the reality of
getting rich with bitcoin cannot be fast and instant. Instead it has to go through a long process and requires hard work.
I am always amused that every country wants its own national cryptocurrency. However, what profit does this have for people? If Bitcoin consists of the idea of anonymity, decentralization and protection from third parties, then the national cryptocurrency does not. What a sense? This is an endless war of people and government
December 31, 2019, 05:39:31 AM
Comparing fiat with bitcoin will never run out. In my opinion a discussion that never ends, in the future it is probable that cryptocurrency
will replace fiat. But it's definitely not bitcoin that will be a substitute for fiat, but rather crypto which will be made by each country.
Because the government requires centralized cryptocurrency, which has a price stable and also can be controlled. Different from bitcoin
that cannot be controlled and the price is volatility. And I disagree with the title on top of bitcoin is a get rich quick scheme, the reality of
getting rich with bitcoin cannot be fast and instant. Instead it has to go through a long process and requires hard work.
will replace fiat. But it's definitely not bitcoin that will be a substitute for fiat, but rather crypto which will be made by each country.
Because the government requires centralized cryptocurrency, which has a price stable and also can be controlled. Different from bitcoin
that cannot be controlled and the price is volatility. And I disagree with the title on top of bitcoin is a get rich quick scheme, the reality of
getting rich with bitcoin cannot be fast and instant. Instead it has to go through a long process and requires hard work.
December 31, 2019, 04:47:22 AM
The tweet has nothing to do with Fiat. I think Op is misinterpreting that, it should be Bitcoin a slow scheme not to be poor.
Exactly! I remember the hype and reposts when someone wrote: "Bitcoin is not a get rich quick scheme but don't get poor slow one".
Jump to: