Its time to go in crypto lets leave fiat cutrency

Artem Sereda

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Quote from: macson on March 18, 2022, 11:00:19 AM

in my country crypto is very free but there are still very few merchant who accept their wares to be paid with crypto especially bitcoin, then it switch to 100% crypto still difficult. maybe in the next 2 or 3 years there are already many merchants who accept payments with crypto, then I will really leave fiat and switch to 100% crypto especially bitcoin.

I think it all depends on the industry. Of course, you are unlikely to find a person selling tomatoes in a market that accepts cryptocurrency payments. But I think that in the field of IT, there are no problems with this. On the contrary, now it is developing more and more. And it expands to other areas (for example, in Europe, you can tip waiters with a crypt)

Awwal08

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Quote from: 325btc on March 14, 2022, 10:49:25 AM

Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
So we buy house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair ...but we dont care life is not fair.
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc

I'm supporting your decision, it time to go into crypto. Crypto help me to transact early because what I just need is my phone in my pocket no matter how much I want to use.

jostorres

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Quote from: arwin100 on August 19, 2022, 06:10:40 AM

Even if how hardcore bitcoiner we are still we don't have any choice but to use fiat because all of our transaction offline will still rotate on this, so even if this is hard for you to accept because your so hooked with crypto we cannot do anything with it since government has the main control over the financing system of each country and maybe we can only see it on our dreams about fiat getting replaced by crypto.

"for now". hats the important thing. The topic is not that we can use it today or we should be using today, it’s about how we should be starting to use it later on. It means that I would love to live in a world where I do not have to use fiat at all, just earn bitcoin and spend bitcoin, or even other coins, and never go back into the fiat world ever again.

That’s basically why I got into the crypto world to begin with, wanted to be part of something that can take me to a non-fiat world and I have been here long enough to know that it is going to be a very slow process but it is moving, and we are getting there. Even if small, it is there, look at El Salvador for an example. That wouldn't have been possible years ago.

cloudfir3e

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if my country has legalized crypto, bitcoin especially for legal means of payment such as fiat money, I will definitely do that.
but for now my country only legalizes crypto as an investment and trading asset, so it is impossible if I fully use crypto and leave fiat money and now the taxes applied to crypto are high in the country I live in.

blockman

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Quote from: arwin100 on August 19, 2022, 06:10:40 AM

Even if how hardcore bitcoiner we are still we don't have any choice but to use fiat because all of our transaction offline will still rotate on this, so even if this is hard for you to accept because your so hooked with crypto we cannot do anything with it since government has the main control over the financing system of each country and maybe we can only see it on our dreams about fiat getting replaced by crypto.

Yes, we have no choice but still to use cash in our daily transactions. Going in the market, we still need to pay in cash or credit card. That's why if you have bitcoin or any other crypto that you want to use, you have no choice but to sell it for fiat and that's the one that you can say that you've used it from your crypto profits. But you have to convert it for you to use them, well, just have that thought that the money you've used for buying those goods are from crypto.

2stout

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Not at that point yet and seems unlikely to happen in this lifetime. However, Bitcoin as a global reserve currency seems more likely- time will tell, might not be around to see it though, and IMHO would be even a bigger deal as this may put Bitcoin at the top of the currency pecking order.

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Quote from: arwin100 on August 19, 2022, 06:10:40 AM

Even if how hardcore bitcoiner we are still we don't have any choice but to use fiat because all of our transaction offline will still rotate on this, so even if this is hard for you to accept because your so hooked with crypto we cannot do anything with it since government has the main control over the financing system of each country and maybe we can only see it on our dreams about fiat getting replaced by crypto.

It's true as you said it is very difficult for us to leave FIAT because FIAT is controlled by the government and FIAT is used by all levels, I also don't agree that we leave FIAT and we switch to crypto currency, because in my personal opinion FIAT currency and their crypto currency coexist and they need each other, I will never separate the two because for me both are very important and very useful, because In the country where I live there is no company that pays workers using crypto currency, even in the country where I live there are still many people who don't understand crypto currency, some of them even don't use gadgets, maybe for that reason I don't agree if you invite me to leave FIAT currency.

Ozero

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Quote from: DanWalker on March 14, 2022, 11:16:15 PM

No buddy, fiat money is still very important to our lives, it is necessary and inseparable. It's true.
Crypto needs more time to completely replace fiat money, crypto has many limitations as many shops, restaurants, and many services are not willing to accept it. Volatility, transaction fees, transaction processing times will make it difficult for us in daily transactions.

Cryptocurrency will never be able to replace the national currency of states. The system of social structure and the financial system were formed over many millennia. Nothing can replace her yet. In addition, the financial system is under the reliable protection of states. To replace fiat with cryptocurrency, you must first destroy their root cause - the state. But no one has yet succeeded, and it is unlikely that anyone will succeed. Therefore, smart people say that the cryptocurrency was created only as an alternative to the current payment system, but not a replacement for it.
Some people may try to abandon fiat, but they will still need it at least to determine the value of the cryptocurrency, which is measured in fiat. Do you want to completely eliminate fiat from your life? Then just try to measure the value of your cryptocurrency not in fiat, but in something else. For example, in horses or acres of land, as it was before fiat.

Docnaster

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For the fact that most of the people in this forum are die hard bitcoiners, it should not blind our eyes to the present day realities. It is very much impossible for one to go 100% crypto and besides crypto or let me say the mother of it(bitcoin) was not created to replace fiat, rather it is created to be an alternative to fiat. So there is no necessary need to move 100% to crypto. Some countries does not support bitcoin and does not want their citizens to use it and some countries allow their citizens to use it but it is not yet a legal tender. It will be a problem because many businesses does not know about Bitcoin let alone to use it. Myself I own some fractions of satoshi but I don't spend them because I am holding it for now and hoping it will appreciate in the future. So many people in this forum are holding bitcoin too and they will rather like to spend fiat for day to day activities rather than to spend their precious bitcoin.

arwin100

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Even if how hardcore bitcoiner we are still we don't have any choice but to use fiat because all of our transaction offline will still rotate on this, so even if this is hard for you to accept because your so hooked with crypto we cannot do anything with it since government has the main control over the financing system of each country and maybe we can only see it on our dreams about fiat getting replaced by crypto.

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Quote from: rby on March 16, 2022, 10:10:45 AM

You can go to crypto fully as an assets and not as a currency because many people don't adopt crypto and it will be difficult to buy things with bitcoin in different countries as different merchants do not accept bitcoin for transactions.
Before we all go fully into crypto, I hope you have device a method to help us to deal with crypto volatility so that people will have confidence with their wealth.

You are not wrong at all, in reality, people use fiat, they depend on it everyday for spending, fiat is inevitable and citizens of a nation with a particular fiat spent have no option than to depend on it for now. The government will look for more means nothing would dominate fiat.

Bitcoin was created to be a P2P means of transferring money in a way people can have freedom over their own money, but also to be an investment means, that is why it has limited supply of just 21 million coins, because with demand, the price will continue to increase. People have preferred to go more for the second option which is investment.

Argoo

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Quote from: BOAEDAN on May 05, 2022, 11:12:43 PM

Quote from: livingfree on March 14, 2022, 04:24:53 PM

You're ready to go all in but the world isn't.

It's still the reality that has to sink in that the world is not yet fully adopted to cryptocurrencies. Even we're all for that but how are you going to buy your goods and needs in a supermarket if they're not yet accepting bitcoin?

That's just the simple logic and reasoning that you have to think of. There's still a lot of stores that are not aware of it especially stores that sells our basic needs.

true as you said, even though we are ready to enter crypto, but the world is not ready to do all that, even though we have everything and have advantages but we still lose, because the one who holds the world economy is the government, if we fight the government it is certain we will lose, I personally think it's better if we run what is already there, because in my country crypto shops are still very difficult for us to find, because many people still don't understand crypto.

Everyone can now refuse to use fiat and switch to using cryptocurrency. But I don’t think that with the current level of cryptocurrency distribution, this will be convenient. In addition, it largely depends on the country of residence, place of residence - rural areas, small towns or large cities and other factors. For the normal use of cryptocurrency, the necessary additional technical conditions are needed, and this is not available everywhere. Cryptocurrency should gradually enter our world, revolutionary solutions will only hurt it..

BOAEDAN

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Quote from: livingfree on March 14, 2022, 04:24:53 PM

You're ready to go all in but the world isn't.

It's still the reality that has to sink in that the world is not yet fully adopted to cryptocurrencies. Even we're all for that but how are you going to buy your goods and needs in a supermarket if they're not yet accepting bitcoin?

That's just the simple logic and reasoning that you have to think of. There's still a lot of stores that are not aware of it especially stores that sells our basic needs.

true as you said, even though we are ready to enter crypto, but the world is not ready to do all that, even though we have everything and have advantages but we still lose, because the one who holds the world economy is the government, if we fight the government it is certain we will lose, I personally think it's better if we run what is already there, because in my country crypto shops are still very difficult for us to find, because many people still don't understand crypto.

Albescent

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Quote from: blatchcorn on March 17, 2022, 05:24:55 AM

Quote from: Aikidoka on March 17, 2022, 04:25:29 AM

We can't get into cryptos, since cryptos are not yet used in every country in the world. Most stores and merchants don't use them yet, maybe it's because of the high price volatility, but they could use USDT as a starting point, I think it's feasible.
In my opinion, the use of crypto currencies will obviously increase in the future and at some point people will abandon fiat currencies, not completely but partially.
The war has really had a serious impact on the market, but I hope that the crypto-currency market will be revived once the war is over.

Yes thats very much correct and we need to be realistic about its usage for daily living. BTC has issues like scalability and price volatility thats why not many merchants are willing to accept this as payment method. Not to forget governments are showing zero tolerance towards its adoption because of there zero control over decentralization.
Despite all odds and opposition, BTC still has grown to reach price of 67k$ and we cant say that in future its adoption will not increase.

I totally agree! Even though there are many restrictions for the adoption of bitcoin, it has grown. And we can not anticipate how it will perform in the future. But looking at its past performance, I am very optimistic about bitcoin.

EdenHazard

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Quote from: KennyR on April 16, 2022, 02:16:51 PM

For now it is too early to think about leaving fiat currency and go all into cryptocurrency. If we talk about the real time usage of cryptocurrencies, we haven't got much. With fiat currency, people have more ways of access and make transactions. People make transactions without paying any fee, with cryptocurrency this isn't possible. So, people will get adopted to cryptocurrency usage, but for the same getting into cryptocurrency leaving fiat won't happen.

The ecosystem that currently we have are not indeed sufficient enough to support our desire to completely use crypto as a currency for the long term , you might bbe able to realized it for your short term period bbut then things going to be difficult as time goes by , i know a place that have been applied this and things didn't went well at the end.

they are back using fiat due the difficulity they faced after a while. it's still a hype now, i have to say.

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Quote from: rby on March 16, 2022, 10:10:45 AM

Quote from: 325btc on March 14, 2022, 10:49:25 AM

Im ready lets go but also assets prices need to reset and then again slowly to gain value of prices.
So we buy house with. 10 doge coins so its equal to 500k yes there will be more people who against this they might say its not fair ...but we dont care life is not fair.
Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

As war situation fiat curremcy might not used anyways for sometime in some european countries to get properties with btc

You are ready to go full into crypto, that is a very good gesture but the sad reality is that the world isn't ready to go 100% crypto and I am not sure the world will ever be ready for that. The world has different fiat currencies, and the world will want to use their fiat and also use crypto together.
You can go to crypto fully as an assets and not as a currency because many people don't adopt crypto and it will be difficult to buy things with bitcoin in different countries as different merchants do not accept bitcoin for transactions.
Before we all go fully into crypto, I hope you have device a method to help us to deal with crypto volatility so that people will have confidence with their wealth.

Its a sad reality that despite of the popularity of crypto, the world don't still recognize it and still don't understand fully the concept of crypto. The government is still fiat centered and would definitely fight if crypto will overtake fiat. But not knowing that crypto is here is not to replace fiat, but only to act as an alternative currency to it. That is its greatest mission, because the crypto world knows exactly that crypto will not be an official currency, only fiat does.

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Quote from: bitcrystal on April 16, 2022, 12:37:21 PM

I wish it was easy the way you said it. The world first needs to adopt it generally to make it easy and we can't force that. They have to see the need for it, advantages and then couple along with it. One way or the other it wil still happen but its not so easy. Many people are not even aware of bitcoin yet, and they are people who we need to deal with when we go outside to order things.

It is not easy if you have been a long time user of fiat even by the time crypto came out. Not totally the world that needs to adopt it but a country is enough. Have you heard what happened to El Salvador? They made crypto as a legal tender and people on that country can now use crypto and not use fiat at all if they wanted to.

There are still people that uses a fiat on that country but there's no need to force them if that's what they like. I don't think those people are not aware that bitcoin exist, are they living in the cave to not see what's happening around them? it's only not easy at the start but once they tried it and stick on it, they will say that crypto is much better to use than fiats.

KennyR

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For now it is too early to think about leaving fiat currency and go all into cryptocurrency. If we talk about the real time usage of cryptocurrencies, we haven't got much. With fiat currency, people have more ways of access and make transactions. People make transactions without paying any fee, with cryptocurrency this isn't possible. So, people will get adopted to cryptocurrency usage, but for the same getting into cryptocurrency leaving fiat won't happen.

bitcrystal

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I wish it was easy the way you said it. The world first needs to adopt it generally to make it easy and we can't force that. They have to see the need for it, advantages and then couple along with it. One way or the other it wil still happen but its not so easy. Many people are not even aware of bitcoin yet, and they are people who we need to deal with when we go outside to order things.

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Quote from: sulendra12 on April 08, 2022, 08:38:34 AM

Quote from: 325btc on March 14, 2022, 10:49:25 AM

Im ready to go full in crypto and im sure all u are ready to get all the assets in the world for crypto.

It's still far from acceptable to people going full cryptocurrency in current year. Yes, you can buy stuff from bigger merchants, but you can't use your cryptocurrency to buy stuff on smaller shop in your place. In here, there are lot of smaller shops that I usually buy the stuff from it and it doesn't accept cryptocurrency, having people to accept cryptocurrency as their payment method takes lot of time and they need to learn first about it.

I wish I could be close to a development like that, but I don't understand which country already has that capacity? is it Dubai? because where I live not even people know about BTC, some have heard of it but are afraid of it, they say that money through digital currencies is used to steal money from people, things like that sometimes I have had to hear, however in developed countries all this changes, and it is seen in different ways, I think that is the style of world that we need, and unfortunately some people are not able to see things as they are, but in a bad way and do not let them advance.

Topic: Its time to go in crypto lets leave fiat cutrency (Read 1276 times)