If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme - page 3.

Reid

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First time I have read this thread and it gave me a really good laugh. Grin

Specially the title.

There is a way to make money out of fiat, of course we should have known that if we took a desk job or day job.
Although, I may say that is not just the reason into why bitcoin is toppling the fiat currencies.

But first let us get real.
How are you buying your necessities? Ain't it still fiat by now. We all want to support bitcoin but let us not be exaggerated here.
Fiat is still one of the main reason into why you are living. It might have given you a job to create money but still you are converting it to your own country currency to say that you made money out of bitcoin.

Asmonist

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Its quite possible to happen soon but I think fiat cannot be stopped abruptly. There are many factors to consider as well especially in regulating bitcoin by government. As they speculate thr government may create their own crypto coin. But I believe they cannot replace bitcoin. It has been the beginning of all cryptoworld. We cannot disregard bitcoin all the way.

arimamib

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Quote from: julius caesar on December 31, 2019, 01:14:32 AM

Bitcoin cannot be the main money of every country because it is dependent on the internet. We do not have internet always on our side that is why we will be needing fiat money still. Plus the fact that its price is dependent on the consumer of it. Having a volatile is kinda hard to penetrate by the government. So we really need fiat money still.

so far fiat is still widely used but if the development of technology is increasingly widespread then I think payment technology like bitcoin can be a reference. so for the time being I don't think bitcoin is used too much, but in the future there might be hope

k@suy

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Quote from: gabmen on December 31, 2019, 12:54:33 AM

Quote from: BartS on December 30, 2019, 11:46:46 PM

Quote from: Yourhomeboy on December 06, 2019, 06:11:18 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

Fiat in the best case scenario is a get poor slowly scheme but if the government makes many mistakes then it can quickly become a get poor quick scheme, we have seen this in many countries in the past and we will continue to see this in the future.

However I do not see fiat being replaced by bitcoin since that will require that governments all over the world admit they are not capable of creating a stable currency and they will never admit that especially with the huge power fiat currencies give to them.

Well if the government makes many mistakes, they have all the means to cover up for it and keep the current system running. Being rich or being poor doesn't depend on the system or the currency. It's the individual that would tell whether they'll be successful or not. Most rich people today came to where they are through hard work. Bitcoin promises a shortcut but you'd likely end up on the losing end if you look at it that way.

Yes I am agree with you. The fate of every person depends only on him or her. If he or she really wanted get rich he or she will have to work hard in order to be successful in life because even if you are a trader, you will not be successful someday if you are lazy co'z we all know that here in trading we can easily be rich in just a short limit of time if and only if we work hard and strive for succes.

julius caesar

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Bitcoin cannot be the main money of every country because it is dependent on the internet. We do not have internet always on our side that is why we will be needing fiat money still. Plus the fact that its price is dependent on the consumer of it. Having a volatile is kinda hard to penetrate by the government. So we really need fiat money still.

gabmen

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Quote from: BartS on December 30, 2019, 11:46:46 PM

Quote from: Yourhomeboy on December 06, 2019, 06:11:18 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

Fiat in the best case scenario is a get poor slowly scheme but if the government makes many mistakes then it can quickly become a get poor quick scheme, we have seen this in many countries in the past and we will continue to see this in the future.

However I do not see fiat being replaced by bitcoin since that will require that governments all over the world admit they are not capable of creating a stable currency and they will never admit that especially with the huge power fiat currencies give to them.

Well if the government makes many mistakes, they have all the means to cover up for it and keep the current system running. Being rich or being poor doesn't depend on the system or the currency. It's the individual that would tell whether they'll be successful or not. Most rich people today came to where they are through hard work. Bitcoin promises a shortcut but you'd likely end up on the losing end if you look at it that way.

Yordenis91

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Maybe, i should make an investigación.

BartS

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Quote from: Yourhomeboy on December 06, 2019, 06:11:18 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

Fiat in the best case scenario is a get poor slowly scheme but if the government makes many mistakes then it can quickly become a get poor quick scheme, we have seen this in many countries in the past and we will continue to see this in the future.

However I do not see fiat being replaced by bitcoin since that will require that governments all over the world admit they are not capable of creating a stable currency and they will never admit that especially with the huge power fiat currencies give to them.

Sadlife

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There are tons of opportunity in bitcoin you can earn from it, make it a source of living and invest in it for your future, because it is not monetized by any government and it is not centralized by any banks. In other words you can freely use your money if you're a bitcoin user. Unlike fiat governments and banks will tax you and even lower your money's value by printing more paper money

KnightElite

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Quote from: DreamStage on December 30, 2019, 11:06:12 PM

Fiat has to be used for your daily life payments, for daily life buying, taxing and so much things involved.
For sure it is way harder for you to profit from an investment or positive income rather than bitcoin or any other cryptocurrency where you have your money stagnated for some specific time.

During that time, bitcoin grows or drops but you have your money HODLing somewhere on the network, meaning it's not getting touched.
Therefore you get your gains from other people's investments (from price fluctuation and trading) just like a pronzi scheme where you get your gains from other people's investments.

On the other hand Fiat is constantly being used for your life shops.
So yeah that's basically why fiat is a get poor slow scheme Wink

Saving fiat money cannot make you rich because the inflation will beat you. There is a saying that savers are losers and it is definitely true. If just invested the fiat money that we have in bitcoin before, it will generate big amount of profit to us. Those people who chose to make invested in bitcoin than to save their fiat money back then, did a great job and they are now enjoying their lives because of the profit that they got.

karanggatak

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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.

DreamStage

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Fiat has to be used for your daily life payments, for daily life buying, taxing and so much things involved.
For sure it is way harder for you to profit from an investment or positive income rather than bitcoin or any other cryptocurrency where you have your money stagnated for some specific time.

During that time, bitcoin grows or drops but you have your money HODLing somewhere on the network, meaning it's not getting touched.
Therefore you get your gains from other people's investments (from price fluctuation and trading) just like a pronzi scheme where you get your gains from other people's investments.

On the other hand Fiat is constantly being used for your life shops.
So yeah that's basically why fiat is a get poor slow scheme Wink

btc_angela

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Quote from: Yourhomeboy on December 06, 2019, 06:11:18 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

Government crash? Do you think that the people behind will just allow bitcoin to take over the finances of a country? So the answer is no, bitcoin can't replace fiat. And bitcoin goal is not to replace the old and traditional fiat system, but rather offer an alternative. As far as job opportunities, bitcoin and fiat can be used side by side, no need to compare or even thinks that the other system will replace the other one. They can even co-exist without any issues, so it's going to be a win-win situation for us.

nydiacaskey01

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Quote from: heidikim on December 26, 2019, 12:33:55 PM

Bitcoin has been on this market for 10 years. Bitcoin proved itself. I think he'il keep improving. We are now in an irreversible way for Bitcoin. Bitcoin use is increasing day by day. People will want to have more bitcoins.

Purpose for it to be used is increasing, but people are not using it but instead, people are just holding it and waiting for Bitcoin to reach another all time high. There was a recent report that a huge amount of Bitcoin that is being held by people hasn't move for the past two years. They are waiting for the big one, but this in mind, this means its not a get rich quick because you waited for quite some time before you can declare that you get profits.

Genemind

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we all have our own opinion as well as the person who tweeted that. As for me, Bitcoin isn't a shortcut to success because just like fiat, we also have to work hard for it. Bitcoin could be our supporting currency but it couldn't replace fiat for many reasons. However, Bitcoin offers a lot of opportunity for most users especially when it comes to investment which we have to be grateful for.

the rise

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Quote from: gabbie2010 on December 30, 2019, 09:44:02 PM

Quote from: Yourhomeboy on December 06, 2019, 06:11:18 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

When you asked investors who bought Bitcoin at ATM in 2017 they would tell you touching stories some would say Bitcoin is a scam others would say it is a Ponzi scheme some believed Bitcoin is not get rich scheme however replacing Fiat with Bitcoin is not feasible due to government not to able to control it and the instability in it price would work against that particular monetary policies.

2017 and before were very worried about hacking, ransomware and unclear attitudes from the government towards bitcoin. The situation is no better than now which is only connected with falling prices and ico scams. At present the global government has not been able to take any steps against bitcoin, but they are increasing their attitude as mediators by creating legally stable coin.

gabbie2010

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Quote from: Yourhomeboy on December 06, 2019, 06:11:18 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

When you asked investors who bought Bitcoin at ATM in 2017 they would tell you touching stories some would say Bitcoin is a scam others would say it is a Ponzi scheme some believed Bitcoin is not get rich scheme however replacing Fiat with Bitcoin is not feasible due to government not to able to control it and the instability in it price would work against that particular monetary policies.

Oilacris

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Quote from: Zionatin on December 30, 2019, 02:24:57 PM

Quote from: Kupid002 on December 06, 2019, 07:09:13 AM

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.

I think you are only half right. I believe the government will use its own crypto and possibly make other places pay using it or try to. They will need to offer people investive over using government crypto rather then crypto from large corporations. There is going to be a conflict between the government and large corporations and the crypto might be split between them. I know I do not want to use a government controlled crypto I would rather be in the wild west with a crypto that has no promises and anything can happen.

I wont consider it as a crypto but rather an e-fiat. They would definitely make their own and wont tend on completely adopting Bitcoin yet they know that it isnt controllable thats why they do really have that common
negative impression or views.

These two things wont really be possibly collaborated thats why it isnt surprising that they would make their own instead.Bitcoin get rich quick scheme? I dont think so.

Zionatin

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Quote from: Kupid002 on December 06, 2019, 07:09:13 AM

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.

I think you are only half right. I believe the government will use its own crypto and possibly make other places pay using it or try to. They will need to offer people investive over using government crypto rather then crypto from large corporations. There is going to be a conflict between the government and large corporations and the crypto might be split between them. I know I do not want to use a government controlled crypto I would rather be in the wild west with a crypto that has no promises and anything can happen.

Blackdeath

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Quote from: Yourhomeboy on December 06, 2019, 06:11:18 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

Fiat will not make you poor because it is just a paper money or physical money that qe used in exchange for goods. It is the main reason why we work hard on our jobs just to earn fiat. I also think that bitcoin could replace fiat currency in the future because it is better than fiat as currency.

Topic: If Bitcoin is a get rich quick scheme, then fiat is a get poor slow scheme - page 3. (Read 1518 times)