Topic: Turning crypto into fiat or is that even nessesary anymore! - page 4. (Read 7223 times)
It is still necessary since we most merchants do not at the moment accept cryptocurrency as a means of payment.That will change in the future anyway.
If you live in a country like Japan you no longer need to convert your bitcoin to fiat anymore since you will find enough people accepting bitcoin as a form of payment but if you live in a third world country it is very likely you will still need to convert your bitcoin for the foreseeable future, but eventually this will change and we will be able to use directly our bitcoin without having to convert it to fiat.
Right. I think so.Depending on the different countries, if they are applied to the country for the purpose of exchanging the purchase is very good.
It is hoped that in the future it will be recognized in almost every country to help the human community facilitate the transaction.
Global economic exchanges.
Converting to fiat is the only way of getting profit.
Due to the volatile nature of cryptos, nothing is fixed.
When to pull out depends on what am holding and the market situation.
Due to the volatile nature of cryptos, nothing is fixed.
When to pull out depends on what am holding and the market situation.
I'd say this depends on the preferences.
Just collecting bitcoins in the wallet and not using it for anything doesn't make much sense either because bitcoin could be very practicaly applied. With bitcoin debit cards this became much more easier because you can load it with bitcoins and spend them as a fiat currency or take cash at the ATM so there is maybe no need anymore for some classic ways of exchanging.
Indeed, it's depend on the situation you have, just convert your bitcoin into fiat if it is necessary. I know cryto is fluctuative but this what makes it good because being volatile means more profit. In my country we have wallet that you can convert you bitcoin into national currency hence, it is not problem for me to convert and use like how fiat being used. Just collecting bitcoins in the wallet and not using it for anything doesn't make much sense either because bitcoin could be very practicaly applied. With bitcoin debit cards this became much more easier because you can load it with bitcoins and spend them as a fiat currency or take cash at the ATM so there is maybe no need anymore for some classic ways of exchanging.
In my opinion turning your crypto coins into cash us the only way of making locking your profits, dye the fluctuations in the market, the value of your assets are changing regularly. Now this gives prospects if more profits, but also possibility of losses.
It also depends on your strategy and personal needs at that time.
It also depends on your strategy and personal needs at that time.
For now but for the next couple of years, fiat would be big no. Crypto would go from here and there and you can only choose different altcoin and not different fiat currency for paying! 
I'm sure until whenever crypto will not be a fiat money. Crypto will remain a cryptocurrency and will never be able to crypto change. But even so, I'm sure having a cryptocurrency is far more profitable than fiat currency.
we should both crypto and fiat both in equal percentage 50 percent in crypto and 50 percent of fiat then we make profit in both the market conditions
I'm of the belief that whatever you own in crypto is not truly yours until you convert it to fiat.
So, yes. It is necessary when pulling out profits.
So, yes. It is necessary when pulling out profits.
Almost traders have already stored crypto and are still eager to exchange from fiat to crypto because the crypto market is on peak now.
Yes right now,anyone would love to have cryptos in their wallets than to keep fiat as everyone is expecting more profits from crypto.
An efficient way to exchange between fiat and crypto currency i have found so far is localbitcoins.com
Yes, of course, we are all very happy to save and use crypto as an investment asset or transaction tool. Lots of advantages we can get from crypto. In addition to crypto gives a huge advantage, crypto is also easy to use anywhere and anytime. This is what makes most people always want to use crypto in their daily life. Yes right now,anyone would love to have cryptos in their wallets than to keep fiat as everyone is expecting more profits from crypto.
An efficient way to exchange between fiat and crypto currency i have found so far is localbitcoins.com
If you live in a country like Japan you no longer need to convert your bitcoin to fiat anymore since you will find enough people accepting bitcoin as a form of payment but if you live in a third world country it is very likely you will still need to convert your bitcoin for the foreseeable future, but eventually this will change and we will be able to use directly our bitcoin without having to convert it to fiat.
To turn crypto into fait is more important at this point in time and even other time. The ctypto world has just started develop and more people get to know more about the cryptosystem and how its work. Also, some people don't believe that crypto will be universally accepted and to trade daily will this kind of people we need fait. However, I believe that if Telcoin that want to sign mobile money business with telecommunication telecommunication telecommunication is successful then crypto will be more better and changing to fait will be more less than the present stage in the cryptosystem. I believe that is will be a time then fait will be more Paramount.
At this time I think it is still necessary to turn SOME of your Bitcoins to fiat currency especially when doing Bitcoin is your only means of earning. However, if doing Bitcoin is just one of your many sources of income, then I do not think you would even want to cash out your Bitcoins. We still live in an era wherein Bitcoin is still not the money used to pay our bills. We are still stuck in the traditional fiat era. Hence, when we need something for sustenance or for business, you would want to convert your Bitcoins to fiat currency to use them.
I personally like to pay bills with fiat. I still feel sorry for the 10K bitcoin pizza guy so, I don't want to be the next one. I feel fiat a convenient way than to pay through cryptocurrency and wait for the confirmation of the transaction. I see cryptocurrency as a tool of investment to grow the volume of fiat. Also there are some major problems with bitcoin that keeps it out from the list of preferred currencies for micro payments. If I was financially strong enough to pay without selling bitcoin I would never sell my bitcoin but currently the situation don't allow me to do so. You can earn a huge amount of money which you cannot do with fiat. I think that bitcoin is better than fiat therefore for me I will never convert my bitcoin into fiat currency.
In my case yes it is still necessary to turn crypto money to fiat money since no merchant in my place that accept bitcoin. Fiat here is the main way of payment.
I'd say this depends on the preferences.
Just collecting bitcoins in the wallet and not using it for anything doesn't make much sense either because bitcoin could be very practicaly applied. With bitcoin debit cards this became much more easier because you can load it with bitcoins and spend them as a fiat currency or take cash at the ATM so there is maybe no need anymore for some classic ways of exchanging.
Just collecting bitcoins in the wallet and not using it for anything doesn't make much sense either because bitcoin could be very practicaly applied. With bitcoin debit cards this became much more easier because you can load it with bitcoins and spend them as a fiat currency or take cash at the ATM so there is maybe no need anymore for some classic ways of exchanging.
It is necessary to convert bitcoin coin to fiat because not much marketplace accept it. It is easy and simple to convert bitcoin to fiat using services like Localbitcoin, paxful, coinbase, etc. With time, the need to convert bitcoin to fiat would reduce but cannot be eliminated.
there are many ways that we can use to convert bitcoin to fiat and I think we can choose one or two from the sites that you are suggested to withdraw the bitcoin. it is more simple if you can find your friend that will help you to withdraw your bitcoin to him so you don't have to visit any websites and filled any documents to start withdrawing. I think we still need to convert bitcoin to fiat because we need to have money in our real life to buy something or to fill our daily need with that money.
Fiat us more stable and less likely to fluctuate.
I keep a certain % of my profit in crypto, while converting to fiat.
I keep a certain % of my profit in crypto, while converting to fiat.
It is necessary to convert bitcoin coin to fiat because not much marketplace accept it. It is easy and simple to convert bitcoin to fiat using services like Localbitcoin, paxful, coinbase, etc. With time, the need to convert bitcoin to fiat would reduce but cannot be eliminated.
Yes it is. You dont put all tour treasure in one basket you have to split it. Turning your crypto currencies into fiat gives you the opportunity to purchases some other offline real assets
That time will eventually arrive but as of now, converting bitcoin into fiat is still use by majority of the crypto holders when they are going to encash their profits. The so-called cashless society when cash is no longer use will not be materialize until all required technologies are in place and the bitcoin adoption into the mainstreams is complete.
I know this subject has been looked at before but with the speed at which the cryptospace changes I felt the subject deserved a fresh look, and why not obtain that fresh look from the experts that are currently at the forefront of using crypto, namely all of you here on Bitcoin Talk forum.
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. So if you would please share your insights and knowledge with the rest of us on what the most efficient way you have found for
1. avoiding the whole exchanging from crypto to fiat to take care of financial responsibilities out side the Crypto-space
2. what is the most efficient and cost effective way you have found for the exchanging of crypto to fiat?
Please remember that ideas are awesome and helpful to further a subject so please do share yours, but with that being said please remember that lots of people that read this may be new to crypto so please do include details and specifics such as names of places, cost and special steps that maybe needed to accomplish your way of doing something. I want to thank you all in advance for your participation and for all that you give on a daily basis to help improve and add to the Crypto-space.
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. So if you would please share your insights and knowledge with the rest of us on what the most efficient way you have found for
1. avoiding the whole exchanging from crypto to fiat to take care of financial responsibilities out side the Crypto-space 2. what is the most efficient and cost effective way you have found for the exchanging of crypto to fiat?Please remember that ideas are awesome and helpful to further a subject so please do share yours, but with that being said please remember that lots of people that read this may be new to crypto so please do include details and specifics such as names of places, cost and special steps that maybe needed to accomplish your way of doing something. I want to thank you all in advance for your participation and for all that you give on a daily basis to help improve and add to the Crypto-space.
That ain't about the central vs decentralized but is actually about the fact of which the first is more convenient, if I get to convert my crypto foreign currencies into fiat directly with a good payment and done easily I would but what is more convenient for me? the most reliable and simplest method for now is to first convert them into Bitcoin and then into local currency not since there are no purchasers or companies accepting them but because the least difficult way is to just forget about finding the right people to use the cash directly without needing to exchange to fiat at all, thankfully Bitcoin is heading the right way where we always desired it, having the potential to only make use of it as the mainstream currency.
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