Why Cryptocurrency is better than fiat currency? - page 7.

DaftAjax

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Quote from: gandame on October 12, 2019, 01:48:59 PM

Bitcoin have huge amount that goes up the price every minute. While the fiat price is taking for a long time before the exchange will go up. So cryptocurrency is much more better than to fiat.

That doesn't really portray why Bitcoin is better than Fiat.

You're misleading other people. Last December 2017, the price was like $19K more or less; last 2018, the price was jumping between $11k ~ $7k; now the price is jumping at $7k ~ $9k. So clearly it's not increasing "every year". The fiat takes more time to increase in value (does it increase? I'm pretty sure, "exchange value" is the one that increases) because it's centralized, while cryptocurrency is decentralized.

Quote from: ?? on ??

Bitcoin is an asset, meaning assets are the future so bitcoin is a future that every year will definitely go up, see in the next 5 or 10 years, it will continue to grow. Whereas fiat is a currency that continues to decline every year due to increased supply, see in the next 5 or 10 years, one million is less valuable than it is today. So cryptocurrency is better than fiat currency, please describe it yourself

Can you prove to me how can an asset be the future? I'm sure Gold, Silver isn't.

Increased supply(?) Do you mean "inflation"?

doomistake

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Quote from: ?? on ??

Cryptocurrency is better than fiat currency! to pay online! Not dependent on any organization, just internet! But the value of Cryptocurrency is not stable! Need more development!

The value of cryptocurrency will never be stable, it's been already discussed here that cryptocurrency is a decentralized one meaning it's volatile and price changes should be expected every time, and it is not the cryptocurrency who needs development, it is the Government, please take some notes.

kayvie

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Quote from: ReiMomo on October 12, 2019, 11:46:56 PM

Quote from: NathanJB on October 12, 2019, 11:17:11 PM

Quote from: DimondMinner_XXX on October 09, 2019, 09:21:42 AM

~snip~

Cryptocurrencies are more accepted nowadays. That is observable both in the media and in the actual world. Cryptocurrency transactions are also secure transactions. Cryptocurrency transactions are probably the most secured way of doing business. Everything's transparent as well as anonymous to a certain extent. I only have reservation about cryptocurrency having the top-notch security. It may not be fooled but it is always under attack online. And a single loophole in the system is enough for all the funds in the compromised wallet to be stolen in an instant.

That is very well said and that is right. Well in terms of value bitcoin currency is really better than fiat currency. Also, bitcoin is a good investment. You can be able to earn a big profit if you invest in it rather than saving your fiat money in the bank where you can only earn a small amount of money. Fiat is a very low volatile and almost stable currency. Even if you are going to trade in forex exchange you don't know also how to read the market.

Crypto can also give us anonymity and security of our investment. It is good for long term and even in short term investment. In fiat the value of your money will be the same tomorrow, in cryptocurrency its value may be higher or lower depends on the flow of the market. Cryptocurrency can grow even if you dont hold it in a bank, you can also do trading anytime if you want to increase the number of crypto that you are holding.

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Quote from: NathanJB on October 12, 2019, 11:17:11 PM

Quote from: DimondMinner_XXX on October 09, 2019, 09:21:42 AM

~snip~

Cryptocurrencies are more accepted nowadays. That is observable both in the media and in the actual world. Cryptocurrency transactions are also secure transactions. Cryptocurrency transactions are probably the most secured way of doing business. Everything's transparent as well as anonymous to a certain extent. I only have reservation about cryptocurrency having the top-notch security. It may not be fooled but it is always under attack online. And a single loophole in the system is enough for all the funds in the compromised wallet to be stolen in an instant.

That is very well said and that is right. Well in terms of value bitcoin currency is really better than fiat currency. Also, bitcoin is a good investment. You can be able to earn a big profit if you invest in it rather than saving your fiat money in the bank where you can only earn a small amount of money. Fiat is a very low volatile and almost stable currency. Even if you are going to trade in forex exchange you don't know also how to read the market.

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I think bitcoin and other cryptocurrency is better than fiat currency because it is more valuable and more precious, that is why bitcoin is getting more popular everyday that more people are investing and buying in bitcoin and other cryptocurrencies. Fiat currency also takes a long time before it starts to increase it's price, unlike bitcoin it always changes it's price that makes our money increase when bitcoin started to increase it's price.

gandame

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Maybe because now are got many interested on cryptocurrency that is why its better than fiat currency. Bitcoin have huge amount that goes up the price every minute. While the fiat price is taking for a long time before the exchange will go up. So cryptocurrency is much more better than to fiat.

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cotton ball

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Fiat currency will inflation with lower price year by year, bitcoin or cryptocurrency never inflation because always have higher price every year and companies adopt bitcoin as payment transaction will get much money, now if you use fiat as your payment transaction maybe you have use all it soon, but if by bitcoin you can hold and get much profit when bitcoin up.

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vintages

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For me, I think it is the cryptocurrency that can be easily sendable and spend as well.
When a cryptocurrency can not be spent, it becomes absolutely useless. The value begins to deminish and will soon enough it cease to exist.
And another good factors we look should at is the technology behind the coin. Therefore, Bitcoin remains the only coin with this qualities.

karanggatak

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i agree with you. if you use crypto like fiat or we replace fiat with crypto, all you do can more easily than before. just scan barcode, no third party to make big transaction, and all of them just one click.
but sometime fiat is better than crypto, considering many people that dont know and have boundary to learn about cryptocurrent

acroman08

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Quote from: Murat on October 09, 2019, 10:39:12 AM

Bitcoin is better than fiat to me for below these reasons -

* Easy to send & Recieve.
* Easy to hold.
* No Fees when holding.
* No need to give transaction explanation like we do when fiat transaction.
* Privacy.

Now tell me why you wouldn't use Bitcoin/Crypto instead of Fiat currency. As Crypto is obviously better than fiat.

because cryptocurrency it is STILL impractical for daily use. I agree that cryptocurrency has it's advantages over Fiat currency but Fiat currency also has it's advantages over cryptocurrency.
both of the currency has flaws and there is no denying it. you can't just pick a specific strength of the currency that the other lack/weak and call it superior to the other.

STT

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Crypto is going to be substantially better for the sale and exchange of digital items online I think, partly because once access is given there is no idea of a refund possible. FIAT is better when people want to physically pass the note from one person to the other. Bitcoin is especially useful where the central bank is unreliable and cannot stabilize the value of money over time where Bitcoin is a free market has the ability to stay away from political upset and fiscal overspending (inflation) because it is available for use in every country and a fixed supply with known schedule whereas the current climate for FIAT is anything at all can and will happen to pay the bills.

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Quote from: Shasha80 on October 11, 2019, 11:48:36 AM

In my opinion why cryptocurrency is better than fiat currency because cryptocurrency has advantages over fiat. The first is to avoid
currency counterfeiting, because as we know fiat can be falsified while bitcoin cannot.The second bitcoin has freedom and speed,
while fiat is controlled by the government. The third bitcoin guarantees identity security while fiat is the opposite. The last bitcoin
can be as an investment asset because the price can high dramatically, while fiat tends to be stable. That is the reason why cryptocurrency
is better than fiat.

It really depends what aspect your talking about. There's a tech side to fiat and Bitcoin, as well an adoption/regulation side, and there are other features like popularity between the 2 coins.

For technology, I think BTC is far superior due to its design model and it's decentralization, for adoption and popularity fiat wins by a landslide since it's way more used and adopted the crypto-currencies.

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Quote from: minersday on October 11, 2019, 01:49:32 PM

Cryptocurrency itself as a digital currency is not really better than fiat currency but the system (blockchain network) that cryptocurrency operates on is rather better than the system that runs fiat currency. Thus, the centralized nature of the fiat currency ecosystem does not allow financial freedom, whiles that of the cryptocurrency presents financial freedom to everybody in the ecosystem...

And aside from having financial freedom in crypto wherein you cannot see in fiat, cryptocurrency has also more secured and low fee transactions compared to fiat. People have been used to fiat for such a long time but if they will come to recognize more about crypto, they will discover that there are a lot more on crypto benefits that a fiat cannot even give to us.

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Quote from: DimondMinner_XXX on October 09, 2019, 09:21:42 AM

1. Cryptocurrencies are now becoming more accepted as a means of trade worldwide.
A few years after the introduction of Cryptocurrencies such as Bitcoin, people around the world are starting to see Cryptocurrencies as a trustworthy means of transaction which means that you can go to most countries which basic Internet infrastructure and do business transactions using your Crypto Wallet whether a digital one or a physical one which means that you don’t need to call your bank in order to make your account accessible to when you go to other countries as Crypto Wallets are accepted anywhere where Cryptocurrency transactions are being made.

2. Cryptocurrencies have top-notch security and cannot be easily fooled
Cryptocurrencies use blockchain technology in order to make sure that there are no inconsistencies when it comes to transactions. If there are any inconsistencies with the transaction, the blockchain will reject the transaction and your money will still be in your Crypto Wallet.

3. Cryptocurrency transactions are secure transactions
As stated earlier, Cryptocurrencies have top-notch security using blockchain technology. They also keep all transactions on record anonymous as the only person who knows their Crypto Wallet Address is yourself and wherever you post your address link to. You can keep generating new addresses if your previous Address is compromised.

True crypto currency is better than fiat currency in many ways. Various reasons are out there for which we can say that crypto currency is wayyy superior than fiat currency.
1. Nah, I don't think so. There are just limited and selected few shops or online stores that are accepting crypto currency as a means of trade. But it is indeed growing slowly.

2.True it has "top-notch" security and but you sure it cannot be easily fooled? What about those network attacks that take place and causing bottlenecking of transactions along with high fee.

3.The transactions are secure but remember, most of the crypto currencies don't keep you totally anonymous. They are rather "pseudonymous", which means you can be eventually traced back. Again, don't you think this is also a scary factor since crimes can be comitted quite easily?

Topic: Why Cryptocurrency is better than fiat currency? - page 7. (Read 1523 times)