What kind of coin or token will be chosen and survive? - page 5.

WalkerIVIV

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Quote from: ariinv on April 23, 2022, 01:38:41 PM

There is a huge competition between cryptocurrencies, many believe just dynamic and self fulfilling ideas with different properties and a variety of incentives may survive! Others expect fiat money will leave behind reliance on quantitative competition!

The competition became even strict from day to the another day as new tokens are coming to the market with the various ideas. As you can see that if the new innovative idea like stepn which has been bringing the combination between sport and play to earn has become massive these days as so many people are also playing this to earn some money from there.

Quote from: ariinv on April 23, 2022, 01:38:41 PM

I think cryptocurrencies are not able to defeat fiat currencies without changing nations culture and ethics! what do you think?

There's no need to defeat from one to the each other but both can be co exist. You will always need fiat money in your life but cryto will become alternative payment in your digital life.

DoublerHunter

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Quote from: ariinv on April 23, 2022, 01:38:41 PM

~snip~
I think cryptocurrencies are not able to defeat fiat currencies without changing nations culture and ethics! what do you think?

^ And that is the fact and that is why don't think that a decentralized cryptocurrency will become replace the fiat because that is possible to happen.
Just accept the fact that fiat will remain fiat and the crypto will remain an electronic payment system, probably it is good if we accept that cryptocurrencies are a good alternative coin to fiat. Speaking of choosing a token and investing it, I am not sure about this, it is better to stick on BTC than the token which is considering you gamble your money on a token.

Beparanf

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Blockchain project type coin is the most coin that’s always been survive since the beginning of cryptocurrency. This kind coins is proven worthy of long term investment since it star everything in crypto unlike other project type that is seasonal hype only. Blockchain technology is what the world need to solve the inflation on the world due to fiat unli supply.

goaldigger

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Quote from: ariinv on April 23, 2022, 01:38:41 PM

I think cryptocurrencies are not able to defeat fiat currencies without changing nations culture and ethics! what do you think?

Cryptocurrency created for the purpose of giving financial access to everyone but it doesn’t mean that it will change or defeat fiat money, they are meant to work together and the government will also not allowed this to happen, especially now that some are even created their own digital fiat money. Its still ok to use fiat money, since I don’t spend my crypto that much and consider this as one of my best investment beside crypto is still not a legal tender.

nakamura12

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Crypto will exist alongside fiat so you would expect that fiat would still be used. Do you think that government doesn't want to have control over money?. Government are like that where they have control of the money unlike crypro where they can only find a way to get money from crypto users like fee for trading and other ways they could think of. If you want to choose what coin then better start choosing Bitcoin.

blockman

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Quote from: ariinv on April 23, 2022, 01:38:41 PM

I think cryptocurrencies are not able to defeat fiat currencies without changing nations culture and ethics! what do you think?

A few years back, that's my thinking about cryptocurrencies that they'll entirely going to replace the monetary system. But right now, it seems that it won't and both of them are going to co-exist.
The one that will survive first and no obvious is bitcoin and then ethereum. It's hard to tell the other cryptocurrencies are going to be the same as these two heavy top crypto.

Johnyz

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Quote from: ariinv on April 23, 2022, 01:38:41 PM

I think cryptocurrencies are not able to defeat fiat currencies without changing nations culture and ethics! what do you think?

Crypto will never defeat fiat currency because its government owned and there’s is no need for this because crypto is not meant for this. We should be more competent and eager to provide quality platform and services instead, crypto becomes an investment nowadays and its really good to focus on this. Cryptocurrency will be a great alternative for fiat and its way better to be like this. Just have a good wallet on your token and you will see a big change for that in the future.

Xal0lex

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Quote from: ariinv on April 23, 2022, 01:38:41 PM

I think cryptocurrencies are not able to defeat fiat currencies without changing nations culture and ethics! what do you think?

And why should they beat fiat currencies? In general, I often see various arguments about how cryptocurrencies should replace fiat money. Personally, I am of the opinion that cryptocurrencies do not need to try to replace fiat; central banks are unlikely to ever allow this. They are already creating solutions for this in the form of CBDC tokens, a centralized currency whose issuance will be controlled by the central banks themselves.

Cryptocurrencies may well live and develop in parallel with fiat. For example, investment assets like real estate, gold or bonds have no goal to replace fiat, they exist together with fiat and do not pretend to be money.

Since cryptocurrencies are still used more as an investment asset than as a currency to pay for goods and services, they do not need to replace fiat currencies as an investment digital asset.

Ulven

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Quote from: ariinv on April 23, 2022, 01:38:41 PM

There is a huge competition between cryptocurrencies, many believe just dynamic and self fulfilling ideas with different properties and a variety of incentives may survive! Others expect fiat money will leave behind reliance on quantitative competition!

I think cryptocurrencies are not able to defeat fiat currencies without changing nations culture and ethics! what do you think?

Currently, digital currencies cannot overthrow traditional currencies for several reasons, but they can provide support in various areas related to payments because they are instant and with low fees.
With the development of the world, perhaps there will be a great opportunity for digital currencies that can replace fiat currencies .

hyudien

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However, government control will continue to maintain its fiat. Regarding the volatility of the crypto market, especially altcoins, of course, it is based on the level of demand for people who are more inclined to invest in safe coins or tokens. In the sense that there is no indication of hype, trends and also photos of irresponsible people. Therefore, drop in assets that last in terms of quality. Although it does not guarantee 100% safety from the bear market, at least the anticipation is less than getting carried away by shitcoins and meme coins.

ariinv

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There is a huge competition between cryptocurrencies, many believe just dynamic and self fulfilling ideas with different properties and a variety of incentives may survive! Others expect fiat money will leave behind reliance on quantitative competition!

I think cryptocurrencies are not able to defeat fiat currencies without changing nations culture and ethics! what do you think?

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