Topic: Its time to go in crypto lets leave fiat cutrency - page 3. (Read 1276 times)
It's not that easy my friend, I agree with your opinion about inviting everyone to switch to crypto, and get to know crypto more deeply, and invest in crypto, but I don't agree if you invite everyone to leave fiat, because there are still countries that have not accepted crypto currency as a means of buying and selling, like in my country.
It gives me joy when I purchase things or pay for services with bitcoin, the issue on ground is that my country has not abducted bitcoin as currency it is only few thing I can get with bitcoin. Since it is like that I do more of my investment on bitcoin, I take bitcoin as my bank. When ever I need money to get anything I exchange my bitcoin to fiat , so I can't really leave fiat fully.
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.
Until we see that all merchants legally accepted crypto payments, that is the best time to leave fiat and go all in crypto. But the problem is when it will eventually happen when all the government do not trust crypto. I guess we need more time before crypto will be recognize and legalize all over the world. Fiat is still needed mostly by people nowadays so its hard to predict when will crypto gain its own position in the financial market.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.
Although crypto can be the mainstream of payment in the future but it will never replace fiat.
@Vaculin, if it was in terms of investment or putting one's money to work. Yes, it's time to let go of fiat currency and totally choose crypto because the institutional investors are not joking about BTC anymore.
Although the value of other cryptocurrencies, including Bitcoin, has fallen sharply and for the time being it seems that this is the right time to invest, it has become an important consideration considering the global situation. Investment has declined in many lands due to war, the rising cost of living, unemployment, global oil and gas embargoes, and crises that have made it difficult to meet basic human needs. The current market situation can be both-faced and one has to be very careful in making a decision in this regard. Various sanctions and inflation have made it possible for people to be interested in investing in cryptocurrencies, on the one hand, and on the other hand, due to the global war situation, the value of cryptocurrency may fall further due to the economic crisis. So making the decision through subsequent market analysis seems to be the right decision.
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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.
Until we see that all merchants legally accepted crypto payments, that is the best time to leave fiat and go all in crypto. But the problem is when it will eventually happen when all the government do not trust crypto. I guess we need more time before crypto will be recognize and legalize all over the world. Fiat is still needed mostly by people nowadays so its hard to predict when will crypto gain its own position in the financial market.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.
Although crypto can be the mainstream of payment in the future but it will never replace fiat.
@Vaculin, if it was in terms of investment or putting one's money to work. Yes, it's time to let go of fiat currency and totally choose crypto because the institutional investors are not joking about BTC anymore.
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.
Until we see that all merchants legally accepted crypto payments, that is the best time to leave fiat and go all in crypto. But the problem is when it will eventually happen when all the government do not trust crypto. I guess we need more time before crypto will be recognize and legalize all over the world. Fiat is still needed mostly by people nowadays so its hard to predict when will crypto gain its own position in the financial market. 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.
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.
Honestly, it's hard to replace fiat because people have been used to it and that the government will always promote it no matter what. Crypto may be accepted as a means for alternative to fiat but it will never replace fiat for good. So going all in to crypto will be useless because we are living in the world that is still focused on fiat, and that crypto has still no assurance when it will be legally accepted.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.
Legality in one country and another also affects whether crypto is legal to use as a transaction or not.
Its good to go all in with crypto and leave fiat, but wait until the world is ready for it.
It will be good to say that it's ready if elon has successfully deployed the starlink in part of any country so everyone will be internet available, in any part of the country since crypto/bitcoin is fully dependent on internet to transfer. Plus the government's regulation is a big factor though.
Where does all this idea came from? You have been saying something that would happen as if you have seen the future but in reality you were just too late to invest in Bitcoin and if ever you did invest in Bitcoin you might not last long due to panic you might be long gone selling all of your assets to fiat. So tell me, is it fiat so unimportant if you go full crypto? What if you are wrong? You might be another victim of the tulip mania just like in the past.
You know what it is so uncertain to decide something that we don't know about especially in the future. Those people who have tons of BTC today are either lucky because they believe what was Satoshi been created so they hodl.
You know what it is so uncertain to decide something that we don't know about especially in the future. Those people who have tons of BTC today are either lucky because they believe what was Satoshi been created so they hodl.
It sounds easy but hard to be done. There's many countries, still doesn't recognized bitcoin.Even lots of people stay away from crypto because of volatility in crypto market. and so is the reason why big organisations still doesn’t adopted bitcoin for their payment method. Its easy to carry your assets everywhere even during war but not everyone will be interested to deal with you via bitcoin, they still need fiat for that
^ It should fiat must exist and BTC is the alternative to fiat and that is the fact, nothing else.How can you convert to your own currency when you have BTC? In fact, BTC is decentralized and fiat is centralized they are completely irrelevant to each other, and also they are both useful to us. There is nothing to choose which one, it should be both.
Both of them have disadvantages and advantages so comparing them is worthless.
Bitcoin and the rest of altcoins will remain alternatives, that is the main goal of such creation. Nothing it says that it will replace and OP got it wrong. And even evaluating the market situation of Bitcoin, many areas where this is still not accepted, and to say this will replace fiat, which is really far from happening.
It sounds easy but hard to be done. There's many countries, still doesn't recognized bitcoin.Even lots of people stay away from crypto because of volatility in crypto market. and so is the reason why big organisations still doesn’t adopted bitcoin for their payment method. Its easy to carry your assets everywhere even during war but not everyone will be interested to deal with you via bitcoin, they still need fiat for that
^ It should fiat must exist and BTC is the alternative to fiat and that is the fact, nothing else.How can you convert to your own currency when you have BTC? In fact, BTC is decentralized and fiat is centralized they are completely irrelevant to each other, and also they are both useful to us. There is nothing to choose which one, it should be both.
Both of them have disadvantages and advantages so comparing them is worthless.
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.
Honestly, it's hard to replace fiat because people have been used to it and that the government will always promote it no matter what. Crypto may be accepted as a means for alternative to fiat but it will never replace fiat for good. So going all in to crypto will be useless because we are living in the world that is still focused on fiat, and that crypto has still no assurance when it will be legally accepted. 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.
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.
I supposed to go all in with crypto when the world has finally accepted bitcoin as a means of currency. But for now, fiat is still recognized as the only one currency that is accepted by all merchants around the world. Though there are few of them who are now accepting bitcoin, but most of them are selling not the basic things we need. Its good to go all in with crypto and leave fiat, but wait until the world is ready for it. 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.
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 bitcoin transaction
I deny this to happen for now because my country stands not totally into crypto and even not getting closer to the demand .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 bitcoin transaction
so maybe in the next 5 years i will go with your run for now enjoy your translation and make sure you are really ready for that .
The same thing is happening in my country, currently many exchange sites such as binance, huobi, kucoin, and so on are officially blocked, but I can still use the android application, of course it is difficult to leave fiat and focus on bitcoin because when we hold bitcoin then cannot be used for direct transactions as in fiat.
May I know which country did this ?
Only 1% of population cannot decide which currency to use to trade all the assets, yes it can be a good start if you do it on personal level, but I doubt it will be a very successful thing until a lot of people join it. Moreover the problem is that the currency you are using to buy these assets is itself too volatile, it's pricing itself has been too uncertain, buying assets using such a volatile currency is itself a pain in the ass.
It's really annoying when we let go of these assets to buy things we want to have. Crypto price fluctuations are indeed a risk that must be realized, prices will change quickly and if you really don't think about the value of crypto to Fiat, of course, using crypto is the best choice.I still rely on Fiat and use cryptocurrencies too. Fiat and Crypto can still coexist.
Crypto currently has many pros and cons and several countries regulate according to the conditions in each country.
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
Only 1% of population cannot decide which currency to use to trade all the assets, yes it can be a good start if you do it on personal level, but I doubt it will be a very successful thing until a lot of people join it. Moreover the problem is that the currency you are using to buy these assets is itself too volatile, it's pricing itself has been too uncertain, buying assets using such a volatile currency is itself a pain in the ass. 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
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 deny this to happen for now because my country stands not totally into crypto and even not getting closer to the demand .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
so maybe in the next 5 years i will go with your run for now enjoy your translation and make sure you are really ready for that .
The same thing is happening in my country, currently many exchange sites such as binance, huobi, kucoin, and so on are officially blocked, but I can still use the android application, of course it is difficult to leave fiat and focus on bitcoin because when we hold bitcoin then cannot be used for direct transactions as in fiat.
Lol. Such udeas you only see on newbies. I mean I was also once a newbie that had this tyoe of simple mindset drunk with hopium for bitcoin and the crypto industry. Op, you should read more and try to learn as much as you can while it's still early so you can have better advantage earlier. Because if you don't, you will absolutely regret it. Knowledge in this industry is priceless. You will surely thank me later on as you go on your future ventures.
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.
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.
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.
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.
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