I think that would be because the implementation of cryptocurrency hasn't able to cover any kind of transaction that can be done in FIAT currency.
That way keeping spare asset in fiat would be the best choice to make.
Topic: Why should i always have fiat? (Read 791 times)
Fiat or our current money should always be liquid and should always be present. This is our current system and we should live with it. Cryptocurrency could be and can be another form of money that will hold a huge change in the future of economy. I do believe that a balance between this two is a secret. Having fiat and having crypto, you will be able to benefit from both of them. Cheers. 
I think that people are still trying not to ignore fiat money and use it, because today many people still have very big doubts about cryptocurrency, I am sure that today this is their biggest misconception.
Fiat money should always be. Because we do not use real-life cryptocurrency to buy and sell something. And any person needs to dress and shine, as well as eat.
Give some s-merit to this gentlemen 
Also I've done this mistakes before I was young in this market. I always invest on full deposit and when the price goes down I haven't money to average price and cut the losses. Be smart and don't lose your had!
Also I've done this mistakes before I was young in this market. I always invest on full deposit and when the price goes down I haven't money to average price and cut the losses. Be smart and don't lose your had! 
One of the mistakes that some crypto enthusiasts make is to convert all the fiats they have been able to accumulate all these while into cryptocurrency, which is wrong.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
It is not a healthy idea to convert all your Fiats to cryptocurrency because your daily needs expenses is in a form of Fiat currency. Maybe you have your own reason to convert your Fiat to crypto but you should consider the expenses of your daily needs so you will not aggravate the situation.
This question is really very important and also almost every people who is connected with crypto market wanted to make have some fiat. Because once the price is going down then it's really a good chance for buying.. But I think 90 percent people don't left fiat when price is down because they already invested whole things in the market. And once the price is going down we are just waiting.. So this is really great strategy if you have some fiat in bad days so you can recover your loss.. I am trying too
That's how important setting up plans and understanding the market behaviors, if you do have spare fiat / btc after the dip occurs you will be able to buy and benefits from the situation, it is really important to learn how things will work for you while you are dealing with this business, the more you explore deeper the more your knowledge will be enhance, I see your point regarding to have extra money and not to go all in as opportunities can knock anytime
without further notice, keep your investment safe and be sure that you got the nerved playing with this market conditions.
without further notice, keep your investment safe and be sure that you got the nerved playing with this market conditions.
I really agree with you that both investors and traders must have fiat to anticipate selling losses from what they invest,
I have a loss selling experience because of my lack of knowledge as a trader,
I hope only I experience this because it is very disturbing in my journey as an investor and trader
I have a loss selling experience because of my lack of knowledge as a trader,
I hope only I experience this because it is very disturbing in my journey as an investor and trader
In my opinion, you should always have cash because you can keep cash to avoid the fluctuations or evaporation of Crypto. You can use cash to invest in Crypto. At the same time, cash to compensate you for past risks and spend on profits more conveniently ...
Of course you do not need to keep everything in one asset. You should always have fiat for purchasing or daily human needs. In order to go to fiat you just need to buy a stable coin, although it’s certainly risky, but still very convenient and fast.
For normal life ? I mean if you mean on trading deals than having fiat makes no sense at all, if you believe the price is going down and that's why you want to stay in fiat while the coin values drop why not buy shorts as well ? That way you won't have to stay in fiat and if the price goes down as you think than you will make a lot of profit with it as well.
If you do not trust the prices to go down that much than you can turn back into alts as well. However if you mean normal life than having fiat is really just what you need on regular life, unless you have some sort of debit card bitcoin thingy that allows you to spend your coins in regular shops and markets than you need fiat to survive in real world because not enough places accept bitcoin yet.
If you do not trust the prices to go down that much than you can turn back into alts as well. However if you mean normal life than having fiat is really just what you need on regular life, unless you have some sort of debit card bitcoin thingy that allows you to spend your coins in regular shops and markets than you need fiat to survive in real world because not enough places accept bitcoin yet.
Previously, I always tried to buy cryptocurrency for all the money that I have and constantly lost money, but then I decided that you need something to change in your strategy and now I have constantly on the balance are dollars that are used only in extreme cases to make a rollback and almost immediately sell
This is the right decision! when I was just starting to invest in cryptocurrencies, I felt euphoric that everything is growing at a frantic pace and sought to invest the entire fiat in altcoins, which grew the fastest. After a while, when the market went into stagnation and stayed there for a long time, I realized my mistake. The second mistake is not to fix the profit, but to wait for the super profit. Now I have a stable 30% in USDT or USD.
You should constantly have fiat solely because of the opportunity to buy Bitcoin at better prices and for diversification purposes. There are very small chances of his disappearance in the coming years, but they are, so it is better to diversify the risks.
You should have always fiat because crypto market is very volatile. Really you can not know what will the price will be tomorrow. You can see a very good opportunity one day. But that time you neeed to some fiat to use that opportunity.
That's great idea. Having or saving our money in fiat is wise decision. For, this is to reduce or minimize the risk of losing the money. Crypto is not stable, it is awlaysflcutuating. Sometimes we can get very high profits, but sometimes we lost more. Therefore, for wiser ways, I alsos till save my money on fiat.
I don’t think that this is what you wanted to say, because today many people still make a choice in favor of fiat money, but they still understand that fiat money is starting to fade, because financial structures are changing, this is normal.
You can try that strategy, but as I experienced on my own skin, il give you example. You have 10k usd, btc is 15k and you buy 0.5btc for 7.5k$. Btc drops to 10k, you think wow what a great opportunity and you put your 2.5k$ and buy 0.25btc more. Now you have 0.75btc and price drops to 6k$. And where are you then? That hapened to a lot of investors in this bear market so thats why we are dead in the water right now.
Buy from amazon with 10% discount. One less reason to need fiat.
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Fiat must be owned, not all shops accept crypto and not all agencies accept bitcoin, so it is mandatory to hold fiat to supplement their daily needs. For certain preparations, Fiat certainly has better use value.
But the obstacle is that someone will be hard to decide when he has to buy, most of them just hope that the coin/token price drops lower than that price. They kept waiting as far as the price of the token/coin rose and their fiat money was not used properly. This is useless, you like saving the money in your pocket book. Saving fiat money on cryptocurrency requires a courage, if someone does not have the courage it makes no difference from saving money on a bank.I think its a good plan so we wont be stressed or distracted because of the need to pay bills while we thinking about trading / investment strategy on cryptomarket.
Fiat must be owned, not all shops accept crypto and not all agencies accept bitcoin, so it is mandatory to hold fiat to supplement their daily needs. For certain preparations, Fiat certainly has better use value.
But the obstacle is that someone will be hard to decide when he has to buy, most of them just hope that the coin/token price drops lower than that price. They kept waiting as far as the price of the token/coin rose and their fiat money was not used properly. This is useless, you like saving the money in your pocket book. Saving fiat money on cryptocurrency requires a courage, if someone does not have the courage it makes no difference from saving money on a bank.
I believe that fiat-crypto will be the future pair of crypto world. The bounty program I am doing has that kind of thing.
Fiat must be owned, not all shops accept crypto and not all agencies accept bitcoin, so it is mandatory to hold fiat to supplement their daily needs. For certain preparations, Fiat certainly has better use value.
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Yes, I agree with you, at least, with having fiat in our balance will helps us to buy another coin that can cover our losses. Sometimes I did this if I saw that my chance is small to make a profit from the altcoin and fortunately, I still keep some of usdt in my balance to buy another coin and I can wait for the price to increase. So far, I can have a good balance in bitcoin and usdt, and I still want to grow my balance in every day.
we should always have fiat. because practiccal use of fiat is so high. and if you keep fiat, you can have very good buy opportunities during bearish markets. it is going to be like this till adoption of cryptocurrencies becomes higher.
i agree, regret not holding a larger percentage of my portfolio in fiat... was way too bullish when fundamentals were out of whack... fiat is ur gunpowder when the markets tanks without good reason...
I often do this and even still be a pretty good way to cover up the losses. especially when looking at market conditions that are down but a bit trapped and rush to buy before basically. This strategy will be pretty well used to wait for it to reach the basic point. Although there are risks also but at least this just helps recoup on it and even when the ride will get more results.
This is a great strategy but there are tons of strategies out there and having a "reserve" fiat currency every single time is a very good idea. You don't know when a "very good" cryptocurrency might go on SALE today and get pumped the next day! Having that fiat on the sidelines will give you a chance to participate in this kinds of situations.
For safer purposes and to keep going in this world, of course, we should not go all out. Secure some funds for future unexpected downside. In my case, my funds were subdivided, for fiat and crypto. I invested fiat that gives me a secured 5% monthly interest and for my crypto funds, as a long term investment.
I will not put all the funds here, after all, our daily life can not be completed using bitcoin. However, I will also convert a certain percentage of funds into BTC storage on a regular basis, because I think BTC is a very promising coin.
Its a fantastic idea, diversify investment doesn't always mean split your investment between crypto, you can split your investment into fiat that could be very useful when the market goes down, splitting fiat and crypto investment could be safer than only invest in crypto, and its recommended to do this when we are facing bear market
some people can do it but some don't, this strategy is often used by big investors because they have money without nominal. strategies like this are only used to minimize losses. 
As we all know fiat is more used and widely accepted around the world. Although I love cryptocurrency, there is no denying that fiat is still much prefered being used by common people. Once cryptocurrency gains majority and will become commonly used then we might see the day that fiat will have a competition.
One of the mistakes that some crypto enthusiasts make is to convert all the fiats they have been able to accumulate all these while into cryptocurrency, which is wrong.
I don't think there are many such people on the market. And those who do so are just fools. It is impossible to invest all the money in one type of asset, even without financial education is the obvious thing. First thing first, you should always have fiat (not only to buy more crypto) but to survive in the world too 
I have said this on many other threads too, one of the most important rule of investment is not investing your entire funds in a single financial instrument. Dont just invest in crypto, invest in real estate, bonds, gold, etc. And always keep extra fiat with you to buy the dips in uncertainties.
I have said this on many other threads too, one of the most important rule of investment is not investing your entire funds in a single financial instrument. Dont just invest in crypto, invest in real estate, bonds, gold, etc. And always keep extra fiat with you to buy the dips in uncertainties.
Yes you are right mate, fait currency is most important in humans life in this generation as there are lot of theft in banks many more, investing in multiple sections is a good thought. Fiat currency is made to facilitate people's like making convenient with profits. You cannot always roam with real money in this world as it dangerous. That's the reason they are planning for fiat currency.
It depends to the investor whether he is rich and unafraid of losses to gamble all of his money to certain cryptocurrencies. But for the normal citizen seeking only enough profit for not so luxury type of living; just contented for enough money just to eat and live, then maybe just 20% or less he would just gamble. But for me, it is better to invest only what you can afford to lose.Much better to have still a back-up fiat in your pocket.
I do not hold this opinion at all. If it were possible to pay for cryptocurrency in the store, I would not be interested in dollars in themselves.
because in my country it still can't be used. Digital currency is either bitcoin or other crypto. to buy goods in the real world bro. therefore I have to keep fiat currency as a transaction tool to buy in the real world bro .
Good idea but not applicable to many investors because of the fee and country restrictions where you will have to buy using your credit card or bank account I prefer to convert it to other coins like Bitcoin and Ethereum because they are more stable than all the other coins in the market.
First thing first, you should always have fiat (not only to buy more crypto) but to survive in the world too
I have said this on many other threads too, one of the most important rule of investment is not investing your entire funds in a single financial instrument. Dont just invest in crypto, invest in real estate, bonds, gold, etc. And always keep extra fiat with you to buy the dips in uncertainties.
I have said this on many other threads too, one of the most important rule of investment is not investing your entire funds in a single financial instrument. Dont just invest in crypto, invest in real estate, bonds, gold, etc. And always keep extra fiat with you to buy the dips in uncertainties.
At the present time, when fiat currency is still a popular currency used to buy products for life, it is still necessary next to cryptocurrency. But hopefully, in the future, cryptocurrency will become more popular and be able to replace the fiat currency, until then we will not need to use cash anymore.
You need fiat currency because you would not want to have all your cash tied up into crypto investments particularly, given the market fluctuation. Plus, not taking into account the security issues related to the wallet etc. And in anyway, you'd also want to place quick transactions mainly possible with fiat currency since not all platforms accept crypto payments.
Thanks to stable coins which you can easily jumped out and secure funds without the risk of volatility but i dont really have much trust on using up these coins but im still observing.It is really just a dumb thing for you to do on putting all of your fiat into crypto investment yet we do have another priorities in life.
Or maybe you can have some stable coins like USDT. I think they can also benefit users in a situation like you mentioned above. But of course, one should have adequate amount of fiat too. I don't really buy the whole anti-fiat idea. Crypto is great, but fiat is also important. So have some fiat, no matter what.
USDT is far from stable ATM and you would be well advised not to Hold them.
Well it didn't take long for this to be true now did it?
I like it when I get to quote myself.
Apart from keeping fiat for cases when you can`t use Crypto, your tip is yet another argument against changing all your fiat to Crypto. Kudos for pointing in out.
You should always have a fiat because market is very volatile and we dont know about what will the prices will be tomorrow. so as we can see last 5 months we decreased nearly 95 percentage. if in may we save some money.. we can buy huge amount of tokens for now. so i believe always we should have some fiat. we need to remember that during bulls and we need to divide some money for bear.
You always need fiat because it meets the basic needs of your life. Also it is the best reserve for investors if unfortunately the market you invest in collapses. Fiat is a very good choice if the market is volatile.
You buy daily needs with fiat. Cryptocurrency is not accepted by offline vendors so fiat is No 1. The ICO developers are looking for fiat by selling tokens, yeah worthless tokens with fiat. it is a crazy things now, from Scams ICO to pump dump ICO is looking for eth then change to fiat. Do you use cryptocyrrency to shop near your house?
You need fiat currency because you would not want to have all your cash tied up into crypto investments particularly, given the market fluctuation. Plus, not taking into account the security issues related to the wallet etc. And in anyway, you'd also want to place quick transactions mainly possible with fiat currency since not all platforms accept crypto payments.
Thanks to stable coins which you can easily jumped out and secure funds without the risk of volatility but i dont really have much trust on using up these coins but im still observing.It is really just a dumb thing for you to do on putting all of your fiat into crypto investment yet we do have another priorities in life.
Yeah you're right and that's why there are stable coins around. Crypto enthusiasts thought it wise to help people get some sort of stability as you're saying and so you can easily convert your money to a stable coin, keep it for how long as you wish and then convert back one day when it becomes necessary.
One of the best concept, having some fiat helps to make a fresh investment when a coin you invested in falls far beyond your purchase price. Doing so you can make more profit before your previous entry point is reached.
You need fiat currency because you would not want to have all your cash tied up into crypto investments particularly, given the market fluctuation. Plus, not taking into account the security issues related to the wallet etc. And in anyway, you'd also want to place quick transactions mainly possible with fiat currency since not all platforms accept crypto payments.
Of course you should always have fiat at your side and there are several reasons for that. Fiat is somehow stable while cryptocurrency is not at this early stage. You can always buy a lot more with fiat while cryptos are not yet mainstream. Don't put all of your savings into crypto since you can easily get burned.
And the last sentence is the most important to understand! Specially for the new members in our community, because this way we'll have a lot of negative feedback..
It is not just for those.
Traditional money aint going anywhere yet. We will be using it for a long time. Ask even those serious bitcoin enthusiast here and you will see a lot of them still goes the old way. Fiat.
Yeah bitcoin is great no doubt about that. But this world is still living with the usage of just paper money.
Traditional money aint going anywhere yet. We will be using it for a long time. Ask even those serious bitcoin enthusiast here and you will see a lot of them still goes the old way. Fiat.
Yeah bitcoin is great no doubt about that. But this world is still living with the usage of just paper money.
It is always necessary to have cash or any Fiat money. Convert all your money in cryptocurrency in the hope that it will begin to grow extremely stupid. Any investment involves risk, so you should always leave Fiat money.
in my opinion, Fiat should be among all investors and ordinary people, because if you like the project, you can freely invest, because Fiat money is always stable
One of the mistakes that some crypto enthusiasts make is to convert all the fiats they have been able to accumulate all these while into cryptocurrency, which is wrong.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
To buy them more cheap coins when they are getting dumped from the top price and it could be the main reason. fiat will give you a lot of guarantee and then spent some of your money and save them in fiat form. it's so easy to get more than 20% return in the dumping market use fiat. There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
My opinion to this is that it depends on the people's priority regarding the need of fiat money and I think that it should be better that people should only convert there crypto coin into fiat only the amount they need and should retain behind. With this, I think that people should have to hold and save their btc as this will soon to grow and earn good profit.
You're right. I also use this strategy, because we really never know how the market can behave and we must be ready for anything.
I have to agree with you. Going full crypto is an absolute craziness (well, for now). You never know what will happen in your life and if you put an amount you cannot handle to these volatile assets, you are going to be in a great trouble sooner or later. At the moment, there are just a few ways how to use crypto in a daily life: and there is a possibility that it will never happen. Common sense and DYOR are essential skills to survive in any kind of investments.
It would be foolhardy to convert every of your fiat to crypto at every opportunity. This is because you cannot carry out some transactions with crypto, you need fiat for them and sometimes, even online payments platforms do fail due to network connection issues. In those instances which you no control over, you need to have the option of being able to pay in fiat
Right.Even if you have crypto coins for you to hold,atleast you should also enough amount of fiat in your pocket.Remember not all things can be purchase with cryptos,you should always bring fiat with you everywhere you go and whatever you do.
This is a great strategy to hold some of the investment in dollars or USDT. Example: if last winter I sold part of my ETH savings for $ 1,300, for example 5 units (6500$), now I could buy 35 ethers for this amount, and not sit with 5 ETH. Any difference? that's X7 at least.
i think i like the idea of keeping funds in fiat not only in crypto, it has been a safe haven for me ever since i began investing in cryptocurrencies, one cannot predict the market movements so one need a plan B
Fiat is a must, never leave your bag empty with fiat, it will kill you when the price is dropped. HODL is nothing. HODL your fiat for crypto is the best. You can lean on crypto market. If you hold btc is OK. Never hold any token they are suckers will make your pocket empty.
It would be foolhardy to convert every of your fiat to crypto at every opportunity. This is because you cannot carry out some transactions with crypto, you need fiat for them and sometimes, even online payments platforms do fail due to network connection issues. In those instances which you no control over, you need to have the option of being able to pay in fiat
Or maybe you can have some stable coins like USDT. I think they can also benefit users in a situation like you mentioned above. But of course, one should have adequate amount of fiat too. I don't really buy the whole anti-fiat idea. Crypto is great, but fiat is also important. So have some fiat, no matter what.
USDT is far from stable ATM and you would be well advised not to Hold them.
Having fiat in hand is an important and distant issue of being merely a choice as long as there is no other quick and secure solution to making transactions. Electronic media, such as credit and debit cards, have already greatly reduced the use of fiat but eliminating it is still far
For me, fiat is the main currency now, I can`t buy breakfast or dinner for crypto (unfortunately), I live in real world and I am not an investor, that why I always convert.
It is sad because I really want crypto to be new currency, but I can`t be out of the real world
It is sad because I really want crypto to be new currency, but I can`t be out of the real world
~snip~!
Yes we need fiat money not only because of this problem but for other purpose especially in third world country where digital money were not yet applied by society so we really need fiat money for every transaction .
Not only in third world country, basically every countries in the world have yet implement it today. most of stores that used it so far were personal store, not a retail one.
they were doing it because they are supporting cryptocurrency nothing more than that.
~snip~!
It's more like a crypto maniac instead of crypto enthusiast, do not get me wrong. But i can be considered as one of crypto enthusiast, but i did not convert every fiat that i have into cryptocurrency because i know that i need it for life.
One of the mistakes that some crypto enthusiasts make is to convert all the fiats they have been able to accumulate all these while into cryptocurrency, which is wrong.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
Yes we need fiat money not only because of this problem but for other purpose especially in third world country where digital money were not yet applied by society so we really need fiat money for every transaction .
The biggest mistakes that i've ever done. Go all in on Crypto. Everytime i've earned salary in my regular job. I use to save money and buy crypto here's my budget monthly
10% goes to my utility bills and all the stuff that I usually buy and another 90% goes throughout crypto.
10% goes to my utility bills and all the stuff that I usually buy and another 90% goes throughout crypto.
Part of the things that limit us sometimes and prevent us from having some profits as at when due is when we do not have backups. These backups are fiats that might be needed in case of any emergency.
For instance, i am a holder of ethereum and at a point, a could not sell them, because their prices had plunged. Then it was good i had fiat, so i just bought from the dip and i was able to make some profits.
For instance, i am a holder of ethereum and at a point, a could not sell them, because their prices had plunged. Then it was good i had fiat, so i just bought from the dip and i was able to make some profits.
Since I started investing in cryptocurrencies, a lot of time has passed and I have gained invaluable experience. Previously, I as a true crypto-enthusiast, counted my profit in bitcoin and was extremely pleased with myself. But later I realized that the price tags for goods in the store are calculated not in bitcoins, but in fiat currency and it is good to have a profit in these units, at least now, when the cryptocurrency is so volatile.
Its important not to go "all in" and convert everything you have to FIAT and then
convert that FIAT to crypto. Too risky.
Everyone still needs to have FIAT for day to day living. Its wiser to convert a
percentage of FIAT to crypto and build it up regularly.
convert that FIAT to crypto. Too risky.
Everyone still needs to have FIAT for day to day living. Its wiser to convert a
percentage of FIAT to crypto and build it up regularly.
The concept of having fiat for the purpose of covering up for loses is not exactly realistic. Fiats could be for other purposes like real life expenses, especially as cryptos aren't mainstream yet, and purchase of BTC or ETH. In my country, you first have to covert your fiat to BTC or ETH to be able to purchase any other coin.
It a great mistake not to have credit of fait money in your possession because currency at any level have it own use there are time where your cryptocurrency will be useless at a given period that you will need to make a transactions and at that the only currency needed at that point is fait money. So it best to always balance the equation at all time.
One of the mistakes that some crypto enthusiasts make is to convert all the fiats they have been able to accumulate all these while into cryptocurrency, which is wrong.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
We need to transform our investments into portfolios. This portfolio should always be BTC and fiat money. Even a few non-crypto investment tools can be included in this basket.
If I should the answer your question directly, Yes we should keep fiat in our investment basket.
Of course you should always have fiat at your side and there are several reasons for that. Fiat is somehow stable while cryptocurrency is not at this early stage. You can always buy a lot more with fiat while cryptos are not yet mainstream. Don't put all of your savings into crypto since you can easily get burned.
All you need to pay attention to from Fiat is basic needs.
What is always remembered is not to put eggs in one basket, it provides an advantage or anticipation if one of the assets is not in good condition, then one of these coins covers the losses that occur, the most worrying if storing all into one coin can lose more value, it is a method used by many traders and investors today, to double profits into potential coins.
One of the mistakes that some crypto enthusiasts make is to convert all the fiats they have been able to accumulate all these while into cryptocurrency, which is wrong.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
What is always remembered is not to put eggs in one basket, it provides an advantage or anticipation if one of the assets is not in good condition, then one of these coins covers the losses that occur, the most worrying if storing all into one coin can lose more value, it is a method used by many traders and investors today, to double profits into potential coins.
You are right and i agree with you that we should keep a percentage of our holding in fiat or liquid cash because not only it is a good hedge against crypto market and secondly it can help as take leverage in extreme downtrends where we can pick good coins from there longterm support areas that can also yield good profits for investors so yes fiat is very important.
A basic rule which not just trader should know but everyone.
You will still need to go with the flow of how this world works and one of that is the traditional currency.
It aint just because you knew there is new currency out there which is crypto and suddenly risking every penny you have.
You must always have the other option in case of emergencies.
You will still need to go with the flow of how this world works and one of that is the traditional currency.
It aint just because you knew there is new currency out there which is crypto and suddenly risking every penny you have.
You must always have the other option in case of emergencies.
Or maybe you can have some stable coins like USDT. I think they can also benefit users in a situation like you mentioned above. But of course, one should have adequate amount of fiat too. I don't really buy the whole anti-fiat idea. Crypto is great, but fiat is also important. So have some fiat, no matter what.
this system can cover past losses with new profits that can be obtained by buying a cheaper one, I also often use the reserve fund strategy, I divide the investment funds into 3 parts, if the coins go down the second fund I reinvest, and it turns out the decline is still happening so the third fund can be used to buy basic prices, that's where the third fund always covers the cost of the first and second investments
i think i like the idea of keeping funds in fiat not only in crypto, it has been a safe haven for me ever since i began investing in cryptocurrencies, one cannot predict the market movements so one need a plan B
One of the mistakes that some crypto enthusiasts make is to convert all the fiats they have been able to accumulate all these while into cryptocurrency, which is wrong.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
There are times you might seriously need fiats, not just because you do not want to invest all that you have into crypto alone, but to sometimes cover-up for your losses.
How does it work?
Take for instance every coin you invested in had plunged, just like what happens during bearish market. Then you notice another coin that has the potential to give you more than x2 of your investment. You may not be able to afford selling those coins you initially had, which had plunged.
In this case, you might need your fiat to purchase another coin(eth or btc), that can be used to make the new purchase.
This works most times for traders and sometimes for investors.
Before you know it, you would have recover your losses within a short time and you will have nothing to worry about.
It works for me and i just wished to share the idea, peradventure you will find it useful.
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