Why Cryptocurrency is better than fiat currency? - page 9.

imstillthebest

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Quote from: Ronaldcoin2017 on October 09, 2019, 10:20:05 PM

Well i think crypto is always better than fiat in terms of holding,

only if the bull run could come often but what if not ? what if dump season are the one that will come on most times ? idk if you will still say that crypto is always better . imo fiat is better but not as always because we also get benefit sometimes from the bull market as long as we hodl a crypto

Quote

if we talk about crypto we can all see that it is now becoming more trend because of the unstable status

trending because of unstable status ? wow . i cant imagine that . i thought people hate being unstable but people like it if crypto will be more stabe and will only increase steadily , that would get the attention of the public which can lead for being trendy

XiaoshuaiLiu

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They are the next step in the monetary system. I think they represent a paradigm shift as big as the Copernican model or the press. Sometimes I am totally amazed by the fact that we, as a species, have not only created something as abstract as a centralized monetary system, but that we are about to trascent it. The new system will be beyond boundaries and centralized institutions and that as abstract as a series of processors repeating ad nauseam a series of algorithms.

Ronaldcoin2017

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Quote from: DabsPoorVersion on October 09, 2019, 03:00:41 PM

Quote from: desticy on October 09, 2019, 02:55:06 PM

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.

The answer is obvious - the instability of the course.
No one wants to completely depend on a currency that can lose half its value in a week. Obviously, this can happen with any fiat currency, but what do people believe in?
They believe that the dollar is in their pocket will remain the dollar tomorrow, can they say the same about cryptocurrency? No. This is the main problem of the widespread use of crypto.

The thing is, crypto cannot be the same as fiat currency because of its volatility. The moment you sleep now and wake up tomorrow, its value wont be the same. It is indeed that you can earn while holding your crypto unlike in fiat currency where it will be the same over a decade or more. The thing is, crypto might give you or might lose its value depends on the market.

Well i think crypto is always better than fiat in terms of holding, but there are also a great advantage of using fiat because fiat is the most popular currency that already used for so many years, it is already been trusted, if we talk about crypto we can all see that it is now becoming more trend because of the unstable status but i think crypto really needs patience and not all of the people earn on it some other people loss because they are luck of patience.

alexsandria

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Yes, cryptocurrency is better than fiat currency. The payment system is very fast, it is only on the tip of your fingers. Another reason is that you can send it without some monitoring it, a sense of security. The only problem that I can see here is first, the adoption of the poor countries. The other problem is being volatile of bitcoin, it is hard for now to have that kind of money that in anytime, it fluctuates in different rates.

DabsPoorVersion

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Quote from: desticy on October 09, 2019, 02:55:06 PM

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.

The answer is obvious - the instability of the course.
No one wants to completely depend on a currency that can lose half its value in a week. Obviously, this can happen with any fiat currency, but what do people believe in?
They believe that the dollar is in their pocket will remain the dollar tomorrow, can they say the same about cryptocurrency? No. This is the main problem of the widespread use of crypto.

The thing is, crypto cannot be the same as fiat currency because of its volatility. The moment you sleep now and wake up tomorrow, its value wont be the same. It is indeed that you can earn while holding your crypto unlike in fiat currency where it will be the same over a decade or more. The thing is, crypto might give you or might lose its value depends on the market.

MathGame

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Not only that, cryptocurrencies are decentralized. if you look at a cryptocurrency such as bitcoin you can see it is a peer-to-peer digital currency that is fast, secure and decentralized. Fiat currencies are issued and controlled by the governments through banks while cryptocurrencies are decentralized, and controlled by no one.

desticy

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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.

The answer is obvious - the instability of the course.
No one wants to completely depend on a currency that can lose half its value in a week. Obviously, this can happen with any fiat currency, but what do people believe in?
They believe that the dollar is in their pocket will remain the dollar tomorrow, can they say the same about cryptocurrency? No. This is the main problem of the widespread use of crypto.

Slow death

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I will speak for myself and being honest, in my case I like cryptos because they allow me to get high returns when doing trade (of course there are days that I have also had losses and I get nervous when I have losses). but the fact that I can do trade is thanks to cryptos, the fact that I post here in this forum and can interact with everyone is thanks to cryptos... the rest of the advantages everyone already knows

johnmason92

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Cryptocurrencies certainly have some advantages over the flat currencies, like the fact the they are not controlled by banks or regulated and dependent on governments, but there is still a long way to go until we can say that Crypto is better than Flat. In the physical world in almost every situation flat currencies are easier, faster and overall better to use, so in my opinion until BTC or any other coin gets a full acceptance from all the different markets we will continue using Flat currencies.

Youghoor

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STT

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The problem with this contrast is right now the majority of FIAT in the world is horribly compromised and sabotaged by politics and its control of capitalism. We do not have proper standards in operation and various limitations on politics and fiscal spending have been disregarded, overridden and discarded.
It doesnt have to be this way, FIAT can represent a better standard but in this moment we are seeing the tail end of that story that began hundreds of years ago. Its developed and deteriorated until we live to see it completely fail and die I think in many cases. I do think the world will drastically change within my life time.

All of that is the story about FIAT, crypto in some ways is boosted in its prospects by a dire need for replacement but I dont believe its a 1 horse race and we will see many alternatives in operation and become viable in future and some will even be FIAT but in that new era bound to some proper governance. Obviously we speculate not many will trust FIAT standards by that time and will favor crypto but I imagine a whole spectrum develops from this situation now.

LbtalkL

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I can think of only few things why the cryptocurrency is better. You can send money anywhere in the world as long as there is internet by using just your mobile phones very convenient. And the transaction only costs a few dollars or cents. Unlike banks taking some huge fees.

diazepam666

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Indeed we required some revolutionary change in financial industry and that should be Bitcoin and other cryptocurrencies. I strongly believe that this corruption factor pulls off many people out and make good economic stability for every country.

Like how people are saying Bitcoin is untouchable like same Fiat currency is just a paper which is printed with numbers. That should be crashed with Bitcoin very soon.

Genemind

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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.

I certainly agree with you. Bitcoin provides the financial freedom that we all want. We're able to handle all our finances the way we want it. Transactions are faster and things would be more convenient if we'll have a cashless society. People only lacks awareness of cryptocurrency. If most people would know how it could make a better community, they will surely switch to this currency as well.

lionheart78

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Even though cryptocurrency have the upperhand in every aspect when it comes to technology, if you cannot spend them everywhere, then it is just a second rate currency. Fiat currency is better in terms of being a money, being able to spend it anywhere, everywhere.

agustina2

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As of the moment, nothing's better between the two. Fiat and crypto have their own unique identity, stability, advantages, and disadvantages that depend on an individual's personal or current preference. Both are useful in their own way. Since crypto is still not widely accepted worldwide, there are limits to its usage. So for those who are experiencing it will still depend on using fiat money. Crypto will only be better than fiat currency when the time comes that it will be acknowledged by many. And we need to wait for years before it can finally happen.

kryptqnick

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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.

I am a crypto believer, I really appreciate that this is the kind of money which is not controlled by any government, cannot be faked and does not lose value with time automatically like fiat does. Most of my savings are in Bitcoin, actually. However, I understand the limitations and problems with cryptos, so I'll answer the question you're asking in the last sentence of your post. For one, if I want to use the money I have in cryptos, I mainly have to sell it. I cannot pay the rent, for groceries or for transport with Bitcoin. Not yet, at least. Another problem is that, as I come for a non-EU country, if I want to travel to an EU-country and live there for a while, I need a visa. And for that visa, I need to prove that I have enough money to sustain my life for a year in that country. And obviously, that money has to be on my bank account, they don't accept Bitcoin as proof of funds. So even though I'd rather not use fiat that much and hold my money in a bank, the system obliges me to do that if I want to achieve my goals.

Mulann2

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it could be better in years to come but for now i don't think there is enough to say crypto is better than fiat, there are many reason why people will still prefer fiat than crypto one of them being widely accepted before crypto can gain such adoption will take some time, also fiat don't fluctuate in price like crypto does, for now many will still prefer to use fiat.

Alert31

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In terms of investment,yes cryptocurrency is better than fiat currency. Also being decentralized of cryptocurrency is one of our favorites which is no central authority to hold. It means freedom for everyone. Easy to transact,hassle free. But i think cryptocurrency will not be able to replace fiat currency for some reasons. Fiat can be used anytime,anywhere while cryptocurrency can be use only with internet.

DoublerHunter

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Actually we can not compare them because they are both useful as of now. Both of them have a disadvantage and advantage itself.
Cryptocurrencies won't work offline and there are too many circumstances happen if this currency work alone without fiat. Fiat also is very important in offline transactions. So, the word "better" here is did not have to make any accurate word to use, unless if will see all people around the world were using the internet even in rural communities.

Topic: Why Cryptocurrency is better than fiat currency? - page 9. (Read 1507 times)