Topic: Is Fiat Currency completely irrelevant to cryptocurrency - page 4. (Read 630 times)
this will never happen, and I think fiat will always be needed in this world, because we all live in the real world, and fiat cannot be lost from this world.
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?
For me fiat money is relevant to crypto because you cannot buy some altcoins if you not use your fiat money and in order to use the crypto you have to exchange it to fiat currency. Some do not accept the crypto cause they do not believe on it and they also think that it is illegal for me it is not true that crypto is illegal they say that they cannot see the crypto cause it is a digital form of money that is why they do not believe on it. They do not see the positive side of it. They are also afraid of using it. If they just see and understand the crypto then they will start to believe on it.
Sad to say but Fiat is still very much relevant, at least for now. Bitcoin and cryptos haven't gained enough widespread acceptance as expected. So most of the things we do are still in Fiat. Till the time comes when we can comfortably pay for stuff offline with BTC, Fiat is still very much relevant.
I think that fiat has nothing to do with bitcoin like bitcoin to fiat, since bitcoin is a digital currency, and fiat is paper. And still the volume of bitcoin is limited, and there is no Fiat.
Fiat is only relevant because it is something imposed by governments, most people want some kind of security, not the freedom that the cryptos offer, and that makes them comfortable, and even complaining about the system they do not know that they are themselves has the power to change. It's still a long time before the cryptos have due recognition from the mainstream.
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
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?
This is probably one of the most common criticisms that I hear about bitcoin. I think this is because many hardcore bitcoin believers at one point wanted this to happen, now its just a far-fetched expectation. More seasoned investors all agree that fiat and cryptocurrencies need to co-exist, which is currently happening. As for your hypothetical situation, we can only assume that Bitcoins would derive their value from the trust people have in them. But then again, its very unlikely to happen.
fiat is not needed in crypto trading, and I think that gold will also be used for future life.
and crypto will get value from the public volume and legality of the world. I think that the crypto transaction activity will have a major effect on the market value of crypto.
and crypto will get value from the public volume and legality of the world. I think that the crypto transaction activity will have a major effect on the market value of crypto.
Most stores do not accept crypto currencies. At some point you need to convert crypto into fiat in order to buy the stuff you need from such a place.
And mostly fiat is the currency you need when you buy crypto in the first place.
And mostly fiat is the currency you need when you buy crypto in the first place.
How can you say fiat is irrelevant to cryptocurrency. First of all we need fiat to buy crypto. Also we need fiat to measure the value of bitcoin.
Oh please guys can we stop getting the exact same threads every single day... It has been said a million times already that supply and demand controls the price of Bitcoin and that Bitcoin is pegged to fiat. How else are you going to determine the value of your coins and exchange them according to the price they go for? Fiat is going nowhere. Or do you want to go back to the old ways of bartering goods?
I am not a financial expert and don't pretend to be such, but I think Bitcoin is not primed for being the only local currency yet.
Of course if some country goes forward with this I will be extremely surprised, but as far as I know no one has made the jump yet.
I am not a financial expert and don't pretend to be such, but I think Bitcoin is not primed for being the only local currency yet.
Of course if some country goes forward with this I will be extremely surprised, but as far as I know no one has made the jump yet.
Where did you get that fiat is supported by gold. This has long been wrong.
So we have Integrated enterprise eCommerce solution for processing cryptocurrency into fiat money with cashback for buyers.
So we have Integrated enterprise eCommerce solution for processing cryptocurrency into fiat money with cashback for buyers.
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?
Obviously all the crypto has been derived from all the Fiat currency, because all these currencies have one thing in common that they all have derived from the common origin , though no doubt all the crypto currencies are much superior than all the Fiat currencies around and moreover there are many reasons that definitely prove that bitcoin and all other crypto are much better than all Fiat currency around and no doubt all the Fiat currency has much relevance in crypto development. 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 is born from crisis and takes value from belief. When people lose faith in Fiat they will turn to crypto
Most of the people are still using fiat currency till date. So fiat is not irrellevant. In third world countries many of the people do not know about crypto. It will take time for them to know about crypto and then start using it.
Without fiat how can we purchase crypto so without fiat we will not be able to buy crypto.
Without fiat how can we purchase crypto so without fiat we will not be able to buy crypto.
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?
First, let me ask you a question. Where do you think fiat value came from?
Fiat might be still relevant decades from now. Maybe it will be irrelevant, but who knows. Let's assume cryptocurrency will be the main currency used by people for everyday purchase, hence completely replacing fiat. The value will come from its use.
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?
I wouldn't think so!! The Fiat currency will be in the world for a couple of years. Need to be alternated to enter into crypto, withdraw in Fiat and then buy bitcoins etc. Fiat need for to lock in profits. 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?
No, fiat is not irrelevant to the world. A major proportion of the world are using fiat only for their purchases. Fiat is the easiest medium for exchanging goods and services. For people who don’t have access to smart phones or internet cannot use cryptos. They can’t even understand this technology. How can you think that fiat is irrelevant in the world?
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?
Who are that believers?you?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?
Who told you that fiats is not necessarily needed to trade cryptocurrency?
Now tell me what materials you will use to have the coins that would be use for trading?next time before posting use our heads with brains because you're becoming a noob with this one
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?
From its utility, just like everything else. Where does gold derive its 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?
encripted information are not.
I used Bitcoin to buy plane tickets and a hotel room last week. Bitcoin, like gold, has utility, and it has value as a result.
BTW, Bitcoin is not encrypted.
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