Abandon fiat and turn to Crypto.
It sounds like it can be done but it is in fact very difficult to do.
I now live in a country where at the moment, even though they don't prohibit bitcoin, on the other hand, they also don't make rules that bitcoin is legal because they can still be said to be neutral.
On the other hand, Fiat is now one of the things that seems quite mandatory, especially with some payments that require us to have fiat.
Crypto is my place to invest and Fiat is one of the tools to meet my daily needs, I don't think there is a reasonable reason to leave fiat now especially they are still one of my supporting needs.
Topic: Only one way to save people now - page 7. (Read 1200 times)
The cryptocurrency contribution to the economy is very minimal compared to the fiat system. To stop its usage and move into cryptocurrency isn't gonna happen and for such a mass transition cryptocurrency isn't prepared enough. The slow and stable movement paves path for real growth as well as creates a better understanding among the common people as an advancement same as they got used to Mobile applications starting from the direct paper money usage. Proper education about money and the aspects surrounding cryptocurrency lets people get the right information than just thinking it a way to get rich.
Bitcoin and cryptocurrency still facing some challenges and the particular one is the countries that have not accepted as money like El Salvador is still the problem. Only one country will not change the acceptance direction of bitcoin and this is the fact. It need more than half of the country in the world to support of the bitcoin as financial payment for more people to join. People like success where everyone is going to.
But not all the people can still use bitcoin because not all the countries have a good internet connectoon it needed to be that way so that people across the globe can use it. Internet connection is the main thing we should consider aside from being able for bitcoin and other crypto to be recognized, but I am still hoping that as time passes by more and more country will legalize it and see how good it will make an impact in the society. Look at world economy and people struggle with bills.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then
Business owners If they are smart knows only way they can survive is crypto.
Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.
I hope things would go as easy as that but we can't deny the fact that people still prefer banks and fiat over crypto because they're afraid to take the risks because of its volatility. There are lots of people in the UK who are already aware of the importance and advantage of blockchain technology but still prefer fiat simply because most businesses still don't accept crypto. Now that the market is down and is in the bearish season, they are more afraid to invest and take the risk not knowing that it's an open opportunity for everyone. Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then
Business owners If they are smart knows only way they can survive is crypto.
Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.
People will always love banks and fiat no matter what, they can't just simply love something that they didn't even know exist, or how it works. All they know is that cryptocurrency is a scam because how come that is has a very big value, etc. You can't force them to invest in bitcoin rather than letting their fiat sleeps and stolen in their bank account, because they will just blame you if they didn't like the outcome after they bought bitcoin or any cryptocurrency using their fiat.
Instead of saying like, I'd rather say they really have no choice not to use it.we live where Fiat and Banks are still the benchmark until now and Crypto can be said to be a good sideline even though it is still in a condition that is actually a bit difficult because it is still hindered by many regulations.
Regardless of anything, at this time Fiat and Banks are still one of the uses that cannot be avoided because indeed they are still the main one, especially for several big cities, although paper money is still very dominating, fiat is still one that is being promoted at this time.
Look at world economy and people struggle with bills.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then
Business owners If they are smart knows only way they can survive is crypto.
Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then
Business owners If they are smart knows only way they can survive is crypto.
Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.
I wonder how could going to crypto solve the poverty of people. How could crypto be able to pay for my bill? My daily needs? Crypto is just a currency, a tool for payment and it does not make me earn something without doing jobs. This is one reason why many people get hope too high in engaging in cryptocurrency thinking they will become rich and later on get dismayed because the hype of getting financial freedom doesn't come according to what they expected.
People will always love banks and fiat no matter what, they can't just simply love something that they didn't even know exist, or how it works. All they know is that cryptocurrency is a scam because how come that is has a very big value, etc. You can't force them to invest in bitcoin rather than letting their fiat sleeps and stolen in their bank account, because they will just blame you if they didn't like the outcome after they bought bitcoin or any cryptocurrency using their fiat.
It is true that people cannot love and use what they don't know about but I still tell you that even people that know about bitcoin and cryptocurrency will not stop using the Fiat.This is because the mind of the people has been preoccupied with different laws of the corrupt money system. They have made the people believe that it is only bank that can save their money. They have made the people believe that it is only the government that can create money and any money that does not emanate from the government does not exist and will lose value within a given period of time. With this particular mindset everyone would want to save their money in the hand of the government whom they trust to keep their money for them. This is the problem but only the wise will understand the direction that finance is going and follows sooth.
Bitcoin and cryptocurrency still facing some challenges and the particular one is the countries that have not accepted as money like El Salvador is still the problem. Only one country will not change the acceptance direction of bitcoin and this is the fact. It need more than half of the country in the world to support of the bitcoin as financial payment for more people to join. People like success where everyone is going to.
Fiat is the universally accepted currency in any part of the world so don't expect to see a sudden move from that to crypto, as much as people love btc or would want to use it, the fact still remains that fiat is in the control of the government and will always be the legal tender.
Besides, I don't think you want to heavily rely on usdt to right or the wrong of fiat, usdt or any stablecoins
is not the solution to this inflation problem.
Besides, I don't think you want to heavily rely on usdt to right or the wrong of fiat, usdt or any stablecoins
is not the solution to this inflation problem.
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If it were that easy to do, people would do it. But the problem is they are still relying on fiat because the government is still supporting it and if the fiat does fall, people are still sticking to the government.
So far, the government is still trying to deal with every problem that comes and does not want to make its people panic because of the problem. But as people, we also must be observant in seeing the situation and be able to prepare ourselves if the situation worsens. And if we can invest in crypto right now and it's a good decision, we can start because we still have a chance.
So far, the government is still trying to deal with every problem that comes and does not want to make its people panic because of the problem. But as people, we also must be observant in seeing the situation and be able to prepare ourselves if the situation worsens. And if we can invest in crypto right now and it's a good decision, we can start because we still have a chance.
I trust Stable coin it's Stable
Stablecoins are not so stable as you may think. There is always a risk of loosing your entire capital, remember luna's UST stablecoin collapse to near-zero value? I would suggest you to always diversify even on stable coins. Have some USDT, some USDC, some BUSD and some DAI, so even if one collpases by any chance you dont loose everything 😛 All these crises from war, climate to recession can be avoided if these superpowers cooperate with each other. They are part of all these squeezing people's money to take for themselves and they know they are going to lose their grip on power when BTC dominates.
People need to survive and all we need right now is a massive production of food before the shortage worsen. BTC will be good but I doubt USDT can be trusted. Once the USDT collapse, the crypto market will take a nose dive.
People need to survive and all we need right now is a massive production of food before the shortage worsen. BTC will be good but I doubt USDT can be trusted. Once the USDT collapse, the crypto market will take a nose dive.
I trust Stable coin it's Stable
All these crises from war, climate to recession can be avoided if these superpowers cooperate with each other. They are part of all these squeezing people's money to take for themselves and they know they are going to lose their grip on power when BTC dominates.
People need to survive and all we need right now is a massive production of food before the shortage worsen. BTC will be good but I doubt USDT can be trusted. Once the USDT collapse, the crypto market will take a nose dive.
People need to survive and all we need right now is a massive production of food before the shortage worsen. BTC will be good but I doubt USDT can be trusted. Once the USDT collapse, the crypto market will take a nose dive.
Look at world economy and people struggle with bills.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then
Business owners If they are smart knows only way they can survive is crypto.
Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.
Very contradicting post in my opinion. How do you expect people struggling to pay bills to invest in crypto that is very volatile in nature? Secondly, are you also encouraging people to get loan from banks and start the crypto journey? That is very suicidal in case you don't know. It's a decision not to be taken. Your idea of doing away with fiat absolutely is not only unrealistic but impossible. There's fiat before before crypto. The earlier we know that, the better. No matter what, Crypto has come to stay and it is getting more popularity day by day but we should not discredit other people's means of livelihood because of our love for crypto. We made our choice to be on crypto side, let respect their choice too. Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Goverment and Banks failed so leave them and let them sink in their own mess what they created.
Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT
If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then
Business owners If they are smart knows only way they can survive is crypto.
Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.
Your deep faith in USDT confuses me, as it is a completely centralized currency, and is more vulnerable to collapse than the Lebanese pound.
If you think about it, just a few months ago, Luna collapsed dramatically, and all stablecoins are exposed to the same degree of risk.
Always follow the following facts:
If you think about it, just a few months ago, Luna collapsed dramatically, and all stablecoins are exposed to the same degree of risk.
Always follow the following facts:
- Stablecoins are worthless, they are false promises.
- Paper money has a value that derives from the power of the state, but inflation continues to lose its value.
- Bitcoin is the best asset for long term investment.
So unrealistic. Think of it. If people would engage to investment which is risky because of market price volatility, what good outcome would be expected? Profit is not assured in crypto industry; price changes from time to time and that would challenge investors to endure market downfalls. And basically that won't be good especially right now wherein people are struggling to make a living. What people need is higher salary to cope up with inflation on market goods. Investment is another thing.
Also, that's not true. State officials won't accept that cryptocurrencies are better than fiat. Evidence? Cryptos are still not supported to many countries. What I mean by not supported is not being endorsed on the public, but that doesn't mean that people are prohibited to use cryptos on transactions, especially to countries wherein adaption is neutral.
It is not permissible to directly abandon Fiat and switch to crypto. So far it is still our transaction tool because not all sectors of life use crypto services. As a first step, it's time to own and hold Bitcoin (not crypto) as an investment asset for the future if the whole world is like El Salvador.
Admit it or not, I think many state officials have started to realize that the Bitcoin service system is much better than fiat.
I put more emphasis on mentioning Bitcoin and not crypto because crypto will end up being a scam.
Being a scam? Why generalize?Admit it or not, I think many state officials have started to realize that the Bitcoin service system is much better than fiat.
I put more emphasis on mentioning Bitcoin and not crypto because crypto will end up being a scam.
Also, that's not true. State officials won't accept that cryptocurrencies are better than fiat. Evidence? Cryptos are still not supported to many countries. What I mean by not supported is not being endorsed on the public, but that doesn't mean that people are prohibited to use cryptos on transactions, especially to countries wherein adaption is neutral.
The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.
Inflation, and other problems are diseases that affect the economy, and to solve these diseases, a person must learn the basics of wealth distribution so that most of your income is not only cash or digital currencies.
*stablecoins* is worse than fiat money.
Leaving in countries with high standards of living, such as the UK, the USA, and many more, with a lot of bills to pay, and despite the fact that these nations have some of the world's best economies. More than 278,000 households received assistance from English authorities between April last year and this year in an effort to prevent or end homelessness. Investing in bitcoin is fantastic, but you must also take into account the danger involved. Although many are fed up with banks and need to pay their bills, I don't believe bitcoin is the best option for someone struggling to pay bills because after buying might end up selling them.
It is not permissible to directly abandon Fiat and switch to crypto. So far it is still our transaction tool because not all sectors of life use crypto services. As a first step, it's time to own and hold Bitcoin (not crypto) as an investment asset for the future if the whole world is like El Salvador.
Admit it or not, I think many state officials have started to realize that the Bitcoin service system is much better than fiat.
I put more emphasis on mentioning Bitcoin and not crypto because crypto will end up being a scam.
Admit it or not, I think many state officials have started to realize that the Bitcoin service system is much better than fiat.
I put more emphasis on mentioning Bitcoin and not crypto because crypto will end up being a scam.
People will always love banks and fiat no matter what, they can't just simply love something that they didn't even know exist, or how it works. All they know is that cryptocurrency is a scam because how come that is has a very big value, etc. You can't force them to invest in bitcoin rather than letting their fiat sleeps and stolen in their bank account, because they will just blame you if they didn't like the outcome after they bought bitcoin or any cryptocurrency using their fiat.
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