Topic: Is Bitcoin better than Fiat? - page 13. (Read 4279 times)
In my opinion, there can be many correct judgments on this score. It depends on which side you look at bitcoin and ordinary money. If we consider bitcoin as a value for investment, then of course it is better. If we consider cryptocurrency as an everyday means of payment, then of course it loses to ordinary money. But what prevents to have all these financial instruments at the same time? In my opinion, we will live for a long time in a world where both Bitcoin and Fiat will exist.
the answer is of course better 
because maybe for some people fiat is still useful but for people who are already familiar with bitcoin I think they will still choose bitcoin over fiat.
because here we are free to express what we want. we can manage our own finances without interference from other people, besides that here it is also very easy to make transactions.
but this is just in my opinion because for me bitcoin is more tempting than fiat
because maybe for some people fiat is still useful but for people who are already familiar with bitcoin I think they will still choose bitcoin over fiat.
because here we are free to express what we want. we can manage our own finances without interference from other people, besides that here it is also very easy to make transactions.
but this is just in my opinion because for me bitcoin is more tempting than fiat
Obviously bitcoin is far better than fiat. Remember fiat had an exact and fixed value where bitcoin has up down value. Well one thing why we use fiat? As a payment method right? Okay then how much fiat you can carry. Not more that 100k. It has soo risk of theft. And it also be fully heavvy to carry. But in bitcoin you can carry unlimited money from anywhere to anywhere and the best thing is no one will be able to know how much money yoh carry. Because you can carry with just a smart phone. And you can get a cashless, full security payment system. And there has no fake note tension. So isn't bitcoin better fiat fiat?
At present, it is not a matter of whether Bitcoin is better than fiat. Because to most people who know about Bitcoin, it is now clear that Bitcoin is better than conventional currency. Bitcoin is currently being compared to various profitable investments such as gold and various investment mediums. So nowadays investors do not compare Bitcoin with conventional currencies but with various investment mediums and in the near future Bitcoin will become the most profitable investment medium.
It depends on people's point of view, there are some people who still think bitcoin is just nonsense and believe more in fiat, these are real reasons because they are too comfortable in their zone, especially in fiat, so they think bitcoin is just ordinary.
But for myself, bitcoin is certainly better than piat because here I am very free to do anything in terms of my asset autonomy policy, it is I who determine besides that the access is very easy in transactions.
actually there are still a lot of advantages to be gained from here, but I only mention the outline
But for myself, bitcoin is certainly better than piat because here I am very free to do anything in terms of my asset autonomy policy, it is I who determine besides that the access is very easy in transactions.
actually there are still a lot of advantages to be gained from here, but I only mention the outline
I think in coronavirus pandemic situations, bitcoin and others virtual cryptocurrency better than Fiat because hard paper money a source of coronavirus. So Many countries people already avaid in market by paper money.
While users can conduct transactions anonymously, that does not mean that their actions are not recorded. All Bitcoin transactions are recorded on the blockchain and if the transactions occur via the blockchain, then they can be tracked.
Transparency – all changes to stored data are publicly recorded on the blockchain
Once data is stored on the blockchain it cannot be manipulated or changed illegitimately
Increased data security due to data being stored on distributed ledgers
A third party is not needed to verify transactions, reducing the risks of corruption.
Transparency – all changes to stored data are publicly recorded on the blockchain
Once data is stored on the blockchain it cannot be manipulated or changed illegitimately
Increased data security due to data being stored on distributed ledgers
A third party is not needed to verify transactions, reducing the risks of corruption.
Both currencies have their own importance so the comparison is bit difficult. Bitcoin price is not stable there are fluctuations sometimes price drops and sometimes price start increasing. If you want your investment to double, tripple or 100x then deal in bitcoin and if you want safe and secure investment then deal in fiat as the price is stable and there is no risk. But future billionaires are those who bought bitcoin and follow hold policy. They will make huge money after 5-10 years.
When it comes to the stability of their value, you will choose fiat, using it for your everyday life. Paying all the expenses or bills using it with no worries. Fiat is very safe! But when you like, to have an opportunity to make your money become more and to earn more, probably you will choose bitcoin. But ofcourse the value of the bitcoin is very volatile, It so risky, like when you are investing to bitcoin, you can never tell if you are going to be rich or poor. If you invested 10 years ago and sell it only now definitely you are now a billionaire..In this world of crypto you have to be more knowledgeable before investing.
Hello everybody. If there is something in this world, it means that it carries its function. This is not to say that Bitcoin is better than fiat, at least at this point in time. Look purely from the everyday point of view - you can completely abandon fiat, I think not. Although I am a fan of the crypto-currency world, but if some new financial project comparable to Bitcoin appears, I think the interest in crypto-currencies will diminish. Therefore, the best thing we can do now is to take advantage of the situation and make money on crypto-currency, and use fiat for everyday expenses.
For the first time in history, money is separated from the state. Bitcoin aims to be an alternative to Fiat currencies by providing financial inclusion to anyone, anywhere in the world. A system governed by mathematics and cryptography will put an end to corruption once and for all. The pioneer cryptocurrency can be used globally without limitations thanks to its decentralized model. People can send cross-border payments in minutes without the need for ID verification, background checks, or credit checks of any kind. This brings a whole new era of financial sovereignty as we know it.
What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance
What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance
I think it depends on who will be using it. We people who knew and familiar to crypto we understand how this can work, how this thing can give us financial freedom, but for other people can't see it due to lack of knowledge about it. Fiat is still the traditional medium of exchange even though there are "some" who already accepts bitcoin. In addition, like cryptocurrencies fiat can now be transferred from bank to bank through mobile applications. Let us be also reminded that cryptocurrencies are not legal in all countries.
The pioneer cryptocurrency can be used globally without limitations thanks to its decentralized model.
Actually it has limited supple Mate so basically there is limitation in using the Pioneer crypto Like Bitcoin .But in usage yes there is no limit as long as there is circulating supply.
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People can send cross-border payments in minutes without the need for ID verification, background checks, or credit checks of any kind. This brings a whole new era of financial sovereignty as we know it.
But there's a need for Verification when you finally wanted to convert to fiat.Quote
What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance
Bitcoin is better that Fiat because of the faster usage and anonymity at some point , But Fiat is more usable still that bitcoin at this point , maybe in the future there will be a bigger advantage.
Depending on the angle you are viewing it. Bitcoin is better because it has bridge the gap that existed in using traditional currencies in paying for services especially when you live abroad. However, to a lay man, bitcoin is not easy to understand and it require some sort of knowledge in order to understand how to use and store it. However, bitcoin is still not totally being accepted as a legal tender
I believe that bitcoin is better than fiat because everybody wants to control their own money. Bitcoins can be controlled but fiat is in the hand of different government bodies. When you transferred fiat you have to agreed the both side term and conditions, on other hand Bitcoin needs only a address that can taken from anywhere arrund the world. Bitcoin transfers are fast but fiat has some different procedures.
There is no doubt that Bitcoin is safer and more profitable than Fiat. Bitcoin will give you profit 10 times within 10 months of holding, where the government will deduct the source of income tax from you if you keep money in the bank. There are more users of fiat money so we have to use it, at some point maybe people will be aware of bitcoin and in all cases its use will be introduced, then people will be able to realized the true meaning of bitcoin. Moreover holding fiat money has no profit and it is risky, where bitcoin is decentralized and liquidity is high and gives maximum ROI.
Both currencies have their own importance so the comparison is bit difficult. Bitcoin price is not stable there are fluctuations sometimes price drops and sometimes price start increasing.
Technically, Bitcoin and fiat currency have there own advantage and disadvantages but the theoretical fun fact is that fiat currency are also flutuation in terms of price If you want your investment to double, tripple or 100x then deal in bitcoin and if you want safe and secure investment then deal in fiat as the price is stable and there is no risk.
Every investment have it own risk involve, investment in Bitcoin is not always double, triple etc and fiat currency are not always stable in price cause if fiat loose in value, literally It not stable in price.
Do you believe future ?
Let's look at computers in ancient times, maybe people at that time believed about the future. And now we are in that era.
There are many possibilities that bitcoin will compete with fiat in the future. Same as the example above.
But bitcoin will not be able to completely replace fiat in the future. This is my prediction.
Let's look at computers in ancient times, maybe people at that time believed about the future. And now we are in that era.
There are many possibilities that bitcoin will compete with fiat in the future. Same as the example above.
But bitcoin will not be able to completely replace fiat in the future. This is my prediction.
It is very difficult to make bitcoin a currency because the price of bitcoin often goes up and down. at this point in time only traders who are willing to take the risk are willing to accept bitcoin as a means of payment. In my opinion, fiat currency cannot be replaced with bitcoin, but bitcoin still has a very important role for its users such as for trading, for shopping in stores that have accepted bitcoin as a means of payment and for investing in the long term.
Both currencies have their own importance so the comparison is bit difficult. Bitcoin price is not stable there are fluctuations sometimes price drops and sometimes price start increasing. If you want your investment to double, tripple or 100x then deal in bitcoin and if you want safe and secure investment then deal in fiat as the price is stable and there is no risk. But future billionaires are those who bought bitcoin and follow hold policy. They will make huge money after 5-10 years.
Exactly. Neither form of money is better than the other. Each have their respective advantages/disadvantages from the other. Depending on your daily needs, will be the type of currency to use for day-to-day payments. Some people prefer Bitcoin on top of Fiat, because it's decentralized and outside the reach of governments and central banks alike. Others prefer Fiat on top of Bitcoin because it's stable and backed by the government. Whenever Bitcoin is better than Fiat or vice versa, that's up to you to decide.
Nonetheless, it seems to me that both Bitcoin and Fiat will co-exist for many generations. Bitcoin already has been proven to be resilient, thanks to its decentralized and censorship-resistant design. It could last a lifetime if it continues to grow in popularity. Fiat will continue its course until it transitions to the "digital era". It'll be the dominant form of currency, since people trust it more than anything else. Bitcoin will always be one step behind Fiat because of limited adoption in the mainstream world. This doesn't matter since Bitcoin was never meant to replace Fiat in the first place. People will ultimately get to decide which currency to support from the other for daily payments. Just my thoughts
When compared between bitcoin and fiat currency, of course, Bitcoin is much better because it is transparent and easy to transact anywhere and anytime, but on the other hand bitcoin has a very high risk in transacting and investing because until now there is no legal institution that is responsible if lost bitcoin
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