Topic: Is Fiat Currency completely irrelevant to cryptocurrency - page 3. (Read 630 times)
We are still hostages of fiat and I do not see this change, even in the long run, because governments will not surrender to crypto as means of payment.
There's no irrelevant issues for both currencies, because they're now having compatibility with each aspects on trading. When investing cryptocurrency you'll be using your fiat to trade cryptocurrency and exchange it to earn your profit. It's completely a convenient way to handle your funds, with a definite purpose of an asset holding. The relevance really brought an assurance for every person to value their future finances between digital and fiat currency.
I think your reasoning is not very true. How can fiat not be the world's top currency? Firstly, to use crypto currency, you need an understanding of the process, and the internet. In the second, fiat is the simplest and fastest method of payment on the planet.
Fiat still holds its position in our society as it is strongly backed by the governments. Even with cryptocurrency, the final stage of withdrawal is through Fiat after trading our numerous cryptocurrencies on the market. Fiat will become irrelevant if cryptocurrencies hit a global patronage where everyone understands its concept and accept it as the primary means of purchasing goods and services.
I think its relevant. Do you know stock market? Do those stock market trader buy stock using other stock(barter)? Or they buy stock using fiat? Yes they use fiat to buy stock. The advantage of cryptocurrency is it can be bought not only using fiat but also other cryptocurrency.
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
All currencies derive their value from supply and demand -- some economists believe there is no intrinsic value to any currency. I believe fiat currencies and cryptocurrencies can coexist, and central banks will likely issue their own cryptocurrencies in the future. While gold is tangible and bitcoin is not, they both share many traits, such as scarcity and divisibility.
Fiat is very important and relevant to cryptocurrency as far as investment, and transactions are concern. Fiat is the original currency we used before the inception and invention of cryptocurrency. I think some things fiat can do cryptocurrency may not be able to be used for that purpose and all of this help strengthen the crypto market.
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
I still believe the fiat is very much relevant as it creates a bridge between the two worlds. As a matter of fact, the fiats is what is majorly still being accepted everywhere now so it still makes the cryptocurrency relevant too.
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
in principle, not all of us need fiat money, in cryptocurrency trading we buy or sell our assets by exchanging them for the coins we want through transactions like this we can get the coins we want without using fiat money as we also have assets that we want to trade My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
Fiat currency is very relevant to cryptocurrency for now. Most people buy cryptocurrencies with fiat currency, although cryptocurrencies are meant to replace fiat currency. For now, we can say fiat currency is backing cryptocurrencies....
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
if you have other coins and your value does not require fiat if trading on cryptocurrency is enough with your coin exchanger and then buy the coins you want for now BTC and ETH are worthy of investment because they have market power. My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
Cryptocurrency gets the value of every project they run. For example, ETH with the Ethereum Network and BNB projects with an Exchanger project. When crypto coins have their uses and demands, they will have value.
There are some believes that we might not necessary need fiat currency in trading cryptocurrencies.
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
My question now is If Fiat is completely irrelevant in the world, and gold do not back crypto, where will cryptocurrency derive it value from?
The fiat is still relevant as at today as it gives you the equivalent value/worth of your cryptocurrency assets. And as a matter if fact and urgency to have it spent as it applies in your relevant areas of spendings and utilization.
Not yet.
The moment we can easily pay for everything with Bitcoin or other crypto is when my national currency becomes obsolete for my own uses.
The moment we can easily pay for everything with Bitcoin or other crypto is when my national currency becomes obsolete for my own uses.
Fiat is juts fiat, there is nothing related between it and crypto currency like bitcoin or ethereum 
The majority of the issuance of crypto currency is limited and it is because of this that the value of the crypto currencies will be secured by demand for them. This system is much more perfect than fiat money.
Fiat will always be significant for crypto currency. Fiat will always exist. In fact, the value of bitcoin and other crypto currency can only be measured in fiat. Because of the large volatility of the decentralized crypto currency, it can walk in any state only in parallel with the national paper money.
Fiat will always be relevant. The currency was not created to replace the fiat. It will be an addition. The type of plastic cards is now
A lot of persons will always get it wrong that crypto was meant to destroy fiats, i believe there will be less tensions if can all see it as an alternative/addition rather than a substitute
We are using Fiat currency just because we don't have another feasible option to pay the value of cryptocurrency. Technically, the value of cryptocurrency is derived from the trust of the community and it is denoted in the form of fiat units. Bitcoin or any other cryptocurrency has nothing to do with fiat currency directly. As we all know that, the price is determined by the law of demand and supply and that's how it should be.
Nothing should back cryptos for it to have value, Fiats (acceptance by decree) are not backed by anything and yet we accept it.Bitcoin derives its power from those who use it, peer-to-peer
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