It's possible... But spending Crypto right now is still pretty hard.
There is a need for more merchants that can accept crypto.
Honestly though, I think some smart person can decide to create stores to meet the demands of the crypto community.
The volatility of crypto makes it hard to store wealth currently, as more and more solutions come out from the space into main stream, we will slowly start to see more price stability.
For example, it would be normal for people to spend crypto directly at point of sales to purchase goods and services using hardware and software powered by blockchain technology.
Topic: Turning crypto into fiat or is that even nessesary anymore! (Read 7215 times)
That is still very possible because bitcoin is still dominant despite its market price fluctuation. But as of this moment, bitcoin's market value is not worthy of converting it into fiat. It's better to hold it for now and let your patience work for it until it's enough time to turn your crypto into fiat.
I know there will be a time when it will not be necessary to change from fiat to crypto and vise versa. Hell that time may already be here. If the time has come where that exchanging of one to another is no longer necessary then i definitely need an update because that would save a lot of time and money.
I believe so that time will come when fiat will no longer be necessary; thus, we will no longer need to exchange crypto for fiat. This will happen when crypto replaces fiat as the main medium to conduct commerce. But the exact time or season when it will happpen, it's difficult to predict. Should everyone knows, the price will spike since every hodlers will strongly hold; no one will dare sell. Until the situation changes, we will need to exchange crypto for fiat to purchase our daily stuff.
For everyday use, like in stores or similar, it's still necessary to exchange Bitcoin into fiat because not so many merchants and places are accepting Bitcoin.
But I avoid to exchange Bitcoin on exchanges or to sell it for fiat, I prefere to use Bitcoin debit card. That is much easier and convenient and you lose less on exchange rate. Also cards are accepted everywhere so I don't have to worry whether I will be able to pay directly with Bitcoin or not.
I think that in majority of countries users still need to exchange Bitcoin for fiat to be able to use it.
But I avoid to exchange Bitcoin on exchanges or to sell it for fiat, I prefere to use Bitcoin debit card. That is much easier and convenient and you lose less on exchange rate. Also cards are accepted everywhere so I don't have to worry whether I will be able to pay directly with Bitcoin or not.
I think that in majority of countries users still need to exchange Bitcoin for fiat to be able to use it.
I believe in this project and I want to use the profits from trade in everyday use. I don't earn millions, but in my country I can't use bitcoins or other crypto yet. So this card is a solution for me and I am waiting to receive it. If someone here is interested in this card also, I can refer him. I have referral codes for 5 friends. Referred person gets 20$. Please PM me if you are interested so we can both win. Only for serious users that intent to use the card or the app for trade.
September 03, 2018, 05:49:56 PM
No, you can directly trade using the Cryptos. You can even purchase products of daily use with your cryptocurrencies. But if you still need to convert the cryptos to Fiat currency then you can try out Alluma, which offers the best rates of conversion. Download the Alluma Mobile App http://bit.ly/AllumaAppDownload4 . You can Sign In to the competition https://hubs.ly/H0dzx1K0 and make huge profits.
This is a pretty good project but I still do not believe it due to the low number of users so if there is evidence of great profit as you said then you are here to let everyone comment. Look forward to your contributions. September 03, 2018, 02:38:03 PM
t depends on where you are i guess because not all country is widely bitcoin accepted and you still need to convert into fiat for you to buy goods you needed and for the goods that you wanted but the idea of this crypto currency is very brilliant because it will saves you time from withdrawing from the ATM whereas in bitcoin you can pay directly via QR code or manual sending a very convenient way that saves time and transaction fees, one thing this new medium of exchange is so broad that we can invest from in due to its fast capital appreciation. .
September 03, 2018, 02:17:29 AM
I don't think it is necessary to make such a change, because most traders participate in the market because of the freedom of the market. If the cryptocurrency is legal, it may lose its decentralization mechanism!
September 03, 2018, 02:13:56 AM
No, you can directly trade using the Cryptos. You can even purchase products of daily use with your cryptocurrencies. But if you still need to convert the cryptos to Fiat currency then you can try out Alluma, which offers the best rates of conversion. Download the Alluma Mobile App http://bit.ly/AllumaAppDownload4 . You can Sign In to the competition https://hubs.ly/H0dzx1K0 and make huge profits.
September 02, 2018, 01:15:49 PM
that might be very needed when there is a lot of bad news and when the cryptocurreny price falls, many will change it in fiat to secure the assets they have.
That will be the beadiest time in history of bitcoin because since now it has never been that bad I am sure that day will never come, hopefully soon bitcoin is getting high and famous people are using bitcoin more than fiat now, many markets are now accepting bitcoin as legal currency now more time to change your money into fiat just have patience and use bitcoin as source to pay for all kind of goods. 
I think for me personally I might choose not to do that because if I do that maybe I won't be able to have bitcoin again and have to buy bitcoin again when the price is expensive. but if you want to make a withdrawal maybe you can exchange it to be able to have fiat / usd so that you can make a withdrawal to your wallet.
If we want to make a substantial profit from Bitcoin, then it can't be defined as a legitimate coin, because legal coins don't have much "price difference"! And the legal coins will be controlled!
It depends on you because if you really in need of money, then converting your crypto into fiat is one of the best solution anyone can do. So whenever time comes when i am needing money and i got nowhere to go to solve it, then crypto is really there for me that is why i consider crypto as my hero.
that might be very needed when there is a lot of bad news and when the cryptocurreny price falls, many will change it in fiat to secure the assets they have.
Eventually this is not going to be necessary anymore, right now we need to convert our crypto to fiat first because not many are accepting bitcoin directly, but in the future once cryptocurrencies become more common we will use them for everything, I cannot wait for that day to come because even if I have used my bitcoin to buy some stuff online I still have yet to use it to buy some stuff offline.
I just keep asking why? and I'm not getting the answer yet. There are possibilities Bitcoin might loose it values if turend into FIAT. So, the fact that Bitcoin is a digital currency makes it worth its present price. It just like any Natural resouces, the more people get hold of it the lesser its value becomes, but the tougher it becomes to get the coin the more value it accrues to it self. And the best way the fluidity of Bitcoin can be controlled after the quartely burning, is by maintaining its value as an online asset.
The volatility in cryptocurrency makes it unsuitable as a store of value. It is necessary most times to convert to fiat and lock your profits.
The local bitcoins forms are too much and most of them are scammers.
It is not about the centralisation or decentralisation, it is more than that.
It is not really necessary, but if you want to do that then you can surely do that.
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