Topic: Why Cryptocurrency is better than fiat currency? - page 4. (Read 1507 times)
Because the state wants to get tax. People pay a lot of intermediaries when they buy things. Bitcoin is becoming more and more common. There will be more economy. There will even be an economy where people can get their money directly.
The big reason is that one has a chance to profit immensely by holding crypto rather than cash. Most banks these days offer interest rates on deposits close to 0%, so it doesn't make sense to keep extra cash around. Any money that you aren't going to spend should be invested in something, be it stocks, crypto, or what have you.
Another reason is that crypto is more anonymous than fiat, tho obviously not completely anonymous. But at least you don't have the bank and possibly the gov't watching how you spend your money. They have a much harder time tracking crypto transactions.
I've said it a zillion times in the past week, now is a great time to get into the crypto market. Bitcoin isn't going to zero, nor are most altcoins. Excellent time to buy low in anticipation of selling high.
Another reason is that crypto is more anonymous than fiat, tho obviously not completely anonymous. But at least you don't have the bank and possibly the gov't watching how you spend your money. They have a much harder time tracking crypto transactions.
I've said it a zillion times in the past week, now is a great time to get into the crypto market. Bitcoin isn't going to zero, nor are most altcoins. Excellent time to buy low in anticipation of selling high.
Still Cryptocurrencies are not better than fiat in terms of obtaining profit.
There are multiple ways for you to get it from both currencies, the thing is how you will use them as a more intelligent take.
On one hand you can gamble with fiat on real world Casinos where security is why and you can't cheat out many often or getting out robbed from them.
On Online casinos with fiat or cryptocurrency specially you can be robbed with fake transactions or fake probabily fairs and so on.
For sure crypto is still way better on all other points mentioned.
I think we need some revolutionary exchanges like binance and OKEX to accelerate at this stage...
Very well said, but considering the fact that no system is invulnerable to hacking, can cryptocurrency be the safest currency in the world? In my opinion, there's always a room for improvement and development, if we can achieve the most secured state of crypto, we con transition it to fiat but in a slow process.
True, there is no system that is truly immune to hacking and therefore the security to make bitcoin a place of storage is still doubted by many people. Everyone here has many ways to secure their bitcoin and of course we also have our own methods. The higher the level of security we have, the better it is to secure these high value bitcoin assets. 
There are two primary reasons.
1. No central authority to inflate the supply.
2. No intermediary. Transactions are like cash.
These two characteristics will eventually cause the obsolescence of Fiat currencies.
1. No central authority to inflate the supply.
2. No intermediary. Transactions are like cash.
These two characteristics will eventually cause the obsolescence of Fiat currencies.
Very well said, but considering the fact that no system is invulnerable to hacking, can cryptocurrency be the safest currency in the world? In my opinion, there's always a room for improvement and development, if we can achieve the most secured state of crypto, we con transition it to fiat but in a slow process.
First of all cryptocurrency is a non legal distribution of money in which they don't need to pay their taxes in order for them to buy some goods or things while in fiat you need to transfer crypto into a fiat to become a legal currency that has been issued by the government in which the items or the things you need to buy have a equivalent of a taxes. That was one of the many reasons why cryptocurrency is more better than fiat.
One of the million reasons we have. still crypto currency is the best choice rather than fiat. but for now fiat is still helping us to improve our society regulated by government. maybe crypto will help us in future but we still need to balance all of this whether it is good or not. better to achieve success solution than rushing a thing we couldn't expect to happen.
Indeed I strongly believe that cryptocurrencies are the next evolution of your monetary system. It is just a matter of time. If I'd go more in depth with this topic, my long term vision is bitcoin to become the worldwide mainstream currency and eventually the currency of exchange in our galaxy. Maybe you think I watched too many SF movies, but Mars colonization and human-compatible ecosystem creation is closer than the majority of people would think.
It has been said for many times that bitcoin is the future currency of the world and most of us believes in this because we are starting to do the extraordinary Look some countries now are having bitcoin as a currency and mode of payments and many merchants all over the world are offering to accept bitcoin as payments.
This all things are enough reason for us to trust and wait until things turns to reality because the beginning is here already
Unlike in cryptocurrency, which is still limited especially to most of the countries that are yet to adopt it. It will take at least a decade before the whole world can accept and legalize it.
The big reason is that one has a chance to profit immensely by holding crypto rather than cash. Most banks these days offer interest rates on deposits close to 0%, so it doesn't make sense to keep extra cash around. Any money that you aren't going to spend should be invested in something, be it stocks, crypto, or what have you.
Another reason is that crypto is more anonymous than fiat, tho obviously not completely anonymous. But at least you don't have the bank and possibly the gov't watching how you spend your money. They have a much harder time tracking crypto transactions.
I've said it a zillion times in the past week, now is a great time to get into the crypto market. Bitcoin isn't going to zero, nor are most altcoins. Excellent time to buy low in anticipation of selling high.
Another reason is that crypto is more anonymous than fiat, tho obviously not completely anonymous. But at least you don't have the bank and possibly the gov't watching how you spend your money. They have a much harder time tracking crypto transactions.
I've said it a zillion times in the past week, now is a great time to get into the crypto market. Bitcoin isn't going to zero, nor are most altcoins. Excellent time to buy low in anticipation of selling high.
It's simple,
Holding the crypto currency has a huge profit to offer.
Similar to bitcoins, If you bought in 2015 for $ 200 and you sell it now you will have 7,200 $ profit.
In fiat money if you had 200 $ in 2010 and you hold it until now it is still $ 200.
But investing in crypto is a huge risk, so you should carefully choose the coins you think will give you big profit for holding.
Holding the crypto currency has a huge profit to offer.
Similar to bitcoins, If you bought in 2015 for $ 200 and you sell it now you will have 7,200 $ profit.
In fiat money if you had 200 $ in 2010 and you hold it until now it is still $ 200.
But investing in crypto is a huge risk, so you should carefully choose the coins you think will give you big profit for holding.
Yes, investment/profits, transparency, anonymity, transaction, and many more reasons why the cryptocurrency is better than fiat currency. That's the whole point why many ppl get hooked by cryptos, right? The profits that it can give you, and not only the profits. But the transaction that you can do with high security and anonymity. Cryptos is the actual future of currency, especially in this new technological era.
It's simple,
Holding the crypto currency has a huge profit to offer.
Similar to bitcoins, If you bought in 2015 for $ 200 and you sell it now you will have 7,200 $ profit.
In fiat money if you had 200 $ in 2010 and you hold it until now it is still $ 200.
But investing in crypto is a huge risk, so you should carefully choose the coins you think will give you big profit for holding.
Holding the crypto currency has a huge profit to offer.
Similar to bitcoins, If you bought in 2015 for $ 200 and you sell it now you will have 7,200 $ profit.
In fiat money if you had 200 $ in 2010 and you hold it until now it is still $ 200.
But investing in crypto is a huge risk, so you should carefully choose the coins you think will give you big profit for holding.
Indeed I strongly believe that cryptocurrencies are the next evolution of your monetary system. It is just a matter of time. If I'd go more in depth with this topic, my long term vision is bitcoin to become the worldwide mainstream currency and eventually the currency of exchange in our galaxy. Maybe you think I watched too many SF movies, but Mars colonization and human-compatible ecosystem creation is closer than the majority of people would think.
It has been said for many times that bitcoin is the future currency of the world and most of us believes in this because we are starting to do the extraordinary Look some countries now are having bitcoin as a currency and mode of payments and many merchants all over the world are offering to accept bitcoin as payments.
This all things are enough reason for us to trust and wait until things turns to reality because the beginning is here already
Unlike in cryptocurrency, which is still limited especially to most of the countries that are yet to adopt it. It will take at least a decade before the whole world can accept and legalize it.
Indeed I strongly believe that cryptocurrencies are the next evolution of your monetary system. It is just a matter of time. If I'd go more in depth with this topic, my long term vision is bitcoin to become the worldwide mainstream currency and eventually the currency of exchange in our galaxy. Maybe you think I watched too many SF movies, but Mars colonization and human-compatible ecosystem creation is closer than the majority of people would think.
It has been said for many times that bitcoin is the future currency of the world and most of us believes in this because we are starting to do the extraordinary Look some countries now are having bitcoin as a currency and mode of payments and many merchants all over the world are offering to accept bitcoin as payments.
This all things are enough reason for us to trust and wait until things turns to reality because the beginning is here already
I like cryptocurrency because it is anonymous, not controlled by anyone and can also be used at any time when there is an internet connection. So far fiat is also not a problem in everyday life, but in my opinion cryptocurrency can make people safe to control their finances.
Everyone will judge the benefits of cryptocurrency from various aspects, I'm sure of that. Apart from being a currency, cryptocurrency can also be used as a profitable investment asset.
Everyone will judge the benefits of cryptocurrency from various aspects, I'm sure of that. Apart from being a currency, cryptocurrency can also be used as a profitable investment asset.
First of all cryptocurrency is a non legal distribution of money in which they don't need to pay their taxes in order for them to buy some goods or things while in fiat you need to transfer crypto into a fiat to become a legal currency that has been issued by the government in which the items or the things you need to buy have a equivalent of a taxes. That was one of the many reasons why cryptocurrency is more better than fiat.
One of the million reasons we have. still crypto currency is the best choice rather than fiat. but for now fiat is still helping us to improve our society regulated by government. maybe crypto will help us in future but we still need to balance all of this whether it is good or not. better to achieve success solution than rushing a thing we couldn't expect to happen.
In terms of usage, cryptocurrency is more convenient to use
do you think its convinient to pay and wait for some time ? you knew there are times that our crypto payments got delayed . It is way safer than in physical transaction, there is no threat of stealing but the only threat is the scamming.
scamming does not differ from stealing . what can happen on fiat can also happen on your cryptoYou should be aware of scamming, there are lot of scammers in this section so you should be aware to that. Cryptocurrency is better than fiat because it saves space.
you mean on this bitcoin section ? this is only a forum but there are still many scammers outside . cryptos does not save space at all but it still consume some space on your device . The crypto is by far better currency when compared to fiat currency. Cryptocurrency is a peer-to-peer digital currency that is fast, very secure, low-cost transactions and yet decentralized. With the global economy going cashless, the cryptocurrency is going to fit very well or even be the next generation of money.
I don't think they should be compared, as we all know most people now prefer fiat rather than Bitcoin as only 1% of the population knows Bitcoin as of the moment, but investment wise, then Bitcoin is better than Fiat and we all know that, Bitcoin's price differs from to time, so it is way better than just saving fiat in your bank. 
The crypto is by far better currency when compared to fiat currency. Cryptocurrency is a peer-to-peer digital currency that is fast, very secure, low-cost transactions and yet decentralized. With the global economy going cashless, the cryptocurrency is going to fit very well or even be the next generation of money.
I don't think they should be compared, as we all know most people now prefer fiat rather than Bitcoin as only 1% of the population knows Bitcoin as of the moment, but investment wise, then Bitcoin is better than Fiat and we all know that, Bitcoin's price differs from to time, so it is way better than just saving fiat in your bank.
The crypto is by far better currency when compared to fiat currency. Cryptocurrency is a peer-to-peer digital currency that is fast, very secure, low-cost transactions and yet decentralized. With the global economy going cashless, the cryptocurrency is going to fit very well or even be the next generation of money.
I believe that we have a very good opportunity to make money on a new type of currency. The price of cryptocurrency should grow every year. Especially the price should rise after a fall in prices over the past two years.
calm down friend, cryptocurrency will continue to move forward the decline in the last 2 years due to bad news has always come to cryptocurrencyLooks prices have started to improve from before just waiting for good news cryptocurrency will rise and soar hight
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