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Topic: Will Bitcoin always be dependent on fiat? Is it? - page 3. (Read 12524 times)

sr. member
Activity: 476
Merit: 250
Sure you will always need fiat ,some people invested at bitcoin to get more money ,soo they can convert it and put it at banks at saving or some investment pack they offer,bitcoin has potencial and volatility not those almost safe services to make your money grow.
I also do it I realized. that we can not rely only use bitcoin just to buy something you know the reason right? so when I get bitcoin. I will convert it to a fiat to spend it for buy something
legendary
Activity: 1652
Merit: 1088
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As long as rent/mortgage and tax payments require fiat, then BTC is dependent on fiat, because people will have to cash out to make those payments.

Once the taxpayer starts accepting btc, and landlords/mortgage providers do, then BTC will have truly arrived as a currency in it's own right.
legendary
Activity: 1456
Merit: 1002
Bitcoin and fiat will always be a team,as all wanna invest at bitcoin and take the profit and if possible the investment back into fiat and keep playing with the profit at bitcoin .

Its more like its a forced relationship if anything else.

Unless bitcoin was trading back for something else we all universally see as value then theres no choice.
hero member
Activity: 560
Merit: 500
Sure you will always need fiat ,some people invested at bitcoin to get more money ,soo they can convert it and put it at banks at saving or some investment pack they offer,bitcoin has potencial and volatility not those almost safe services to make your money grow.
hero member
Activity: 658
Merit: 500
Bitcoin will be depending on fiat till it gets a acceptance to be used in its physical form. Till date we are in need to convert to fiat and use in places where bitcoin is not accepted.
I think bitcoin does not need to wait for approval or legality of the government, if adopted children is widespread and users already covers the whole world, would be a lot of merchants that accept bitcoin as a payment option right, so you do not need to convert it to a fiat
legendary
Activity: 1372
Merit: 1008
i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment.   Grin

True. If bitcoin is mainstream then we can see it being used by any kind of digital party. Which means there is no fiat needed anymore to buy bitcoins.
Or even to spend your bitcoin. I do hope that the price will be stable then.
if bitcoin started to become mainstream of course it will be very interesting. I do not need to convert it to a fiat to buy something. I can directly buy goods at merchants by paying bitcoin because they would have accepted bitcoin. but for that to happen we must accelerate the adoption. so that we can experience it
hero member
Activity: 518
Merit: 500
Bitcoin and fiat will always be a team,as all wanna invest at bitcoin and take the profit and if possible the investment back into fiat and keep playing with the profit at bitcoin .
yeah because of the exchange rate and the price of bitcoin always rely on fiat or examples of dollars. so both of them are like two pictures of currency, can not be separated. both will always be in touch
full member
Activity: 210
Merit: 100
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I believe so that bitcoin will always depend on fiat. Everything that fiat moves to another currencies, stock market this is how also bitcoin goes with the flow. Transactions of business as far from everyday life will continue to go with fiat and so forth with bitcoin they are always together..
legendary
Activity: 1066
Merit: 1050
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I know we can exchange our bitcoin to get anything we wanna,what im saying is that you cant pay with bitcoins direct the same way you do with fiat,anywhere you go  fiat and card is the option ,you cant use bitcoin .I didnt get offended i know how hard is to get the things we eat,atleast some of them,the kind of work no one wanna to do and dont respect who  work there.

A payment is an exchange of one thing for another.  No difference at all.  What can I say. 

Anyway I am shocked at the idiocy of some other people in this thread.  I can only assume they are pretending. 

NOTHING is dependent on fiat.  The notion is absurd.  It is exactly the same as saying "if I am not robbed every day on the way home from work, could I still pay the rent?"

Of course you'd be alright - you'd have more money!!  "But oh no, what am I going to do without a totally broken system?" Oh I don't know, maybe use one that works? 

The whole point of fiat is to defraud idiots who give up labor and services for these tokens - tokens which are produced by the trillion at no cost!  How could anything depend on such fraud?
sr. member
Activity: 476
Merit: 250
Bitcoin and fiat will always be a team,as all wanna invest at bitcoin and take the profit and if possible the investment back into fiat and keep playing with the profit at bitcoin .
hero member
Activity: 868
Merit: 1000
No one can predict future precisely. But for a long term it will be dependent on fiat as we don't have any regulating body yet and anyone can mine bitcoins.

That's true and i feel that fiat will always be used by majority of the people especially by them who are not tech savvy and I don't think that they would be that comfortable to use any digital currency for making purchases.
sr. member
Activity: 462
Merit: 250
i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment.   Grin
it looks very beautiful but to reach into mainstream bitcoin takes effort. bitcoin we should be able to spread throughout the entire world, so bitcoin become mainstream

Even if bitcoin gets on mainstream fiat will still continue to enjoy its existence as there would be many people who will use only fiat and not bitcoins, so both will be widely used in future.

Well the bitcoin if gets mainstream it will be used for us,the rest that doesnt have bitcoin will keep with fiat,the question isnt that ,bitcoin will be always an investment option besides all the advantages against the current fiat system,but in the end we will always be dependent of it,because its an investment currency allowing anyone to make a fortune from it ,but in the end no one will risk all the life into bitcoins as their value may drop ,soo people will use bitcoin and play with it but will convert a part of it into fiat.

Even if bitcoin goes mainstream there still will be the need for fiat to convert it. One of the advantages of bitcoin is the fee.
If you go with a btc creditcard you still will need to pay for the high fees.
sr. member
Activity: 243
Merit: 250
No one can predict future precisely. But for a long term it will be dependent on fiat as we don't have any regulating body yet and anyone can mine bitcoins.
sr. member
Activity: 476
Merit: 250
i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment.   Grin
it looks very beautiful but to reach into mainstream bitcoin takes effort. bitcoin we should be able to spread throughout the entire world, so bitcoin become mainstream

Even if bitcoin gets on mainstream fiat will still continue to enjoy its existence as there would be many people who will use only fiat and not bitcoins, so both will be widely used in future.

Well the bitcoin if gets mainstream it will be used for us,the rest that doesnt have bitcoin will keep with fiat,the question isnt that ,bitcoin will be always an investment option besides all the advantages against the current fiat system,but in the end we will always be dependent of it,because its an investment currency allowing anyone to make a fortune from it ,but in the end no one will risk all the life into bitcoins as their value may drop ,soo people will use bitcoin and play with it but will convert a part of it into fiat.
legendary
Activity: 2352
Merit: 1101
i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment.   Grin
it looks very beautiful but to reach into mainstream bitcoin takes effort. bitcoin we should be able to spread throughout the entire world, so bitcoin become mainstream

Even if bitcoin gets on mainstream fiat will still continue to enjoy its existence as there would be many people who will use only fiat and not bitcoins, so both will be widely used in future.
hero member
Activity: 518
Merit: 500
i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment.   Grin
it looks very beautiful but to reach into mainstream bitcoin takes effort. bitcoin we should be able to spread throughout the entire world, so bitcoin become mainstream
hero member
Activity: 924
Merit: 1000
Lick me like a lolipop
i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment.   Grin

True. If bitcoin is mainstream then we can see it being used by any kind of digital party. Which means there is no fiat needed anymore to buy bitcoins.
Or even to spend your bitcoin. I do hope that the price will be stable then.

For stable price you need huge market cap which is missing at a moment and never expect stable price from bitcoins as that is nearly to impossible and bitcoins will be used more in future but I don't see fiat going anywhere.
sr. member
Activity: 350
Merit: 250
i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment.   Grin

True. If bitcoin is mainstream then we can see it being used by any kind of digital party. Which means there is no fiat needed anymore to buy bitcoins.
Or even to spend your bitcoin. I do hope that the price will be stable then.
hero member
Activity: 1092
Merit: 520
i think once bitcoin has some sort of main stream adoption it will get alot more attention and merchants will be alot more interested in accepting it as a form of payment.   Grin
hero member
Activity: 952
Merit: 1000
Look you are going on the wrong place with my comments,i know you can get money as food doing some tasks,my family isnt rich i had worked on labor already,what im saying is with fiat you can get anything you wanna,but with bitcoin you cant get all the things you need ,just that.
 

I'm sorry if I offend.  Its important to realize that "getting what you wanna" can be done with whatever you wanna.  Maybe an example would help.  Can you tell me something you can't get with gold or bitcoin or bags of rice?  I'll call the guy you want to get that thing from myself and determine a price in all three of those.  To be fair, sometimes it is quicker to go through a local intermediary fiat dealer, if you have a good one, than to talk with people. 

You mention that your family isn't rich.  I interpret that as being that you have grown up using counterfeitable units and assuming they are "money" and as a determination of who is rich or not.  Kind of the definition of poverty.  Escaping that is up to you. 

I know we can exchange our bitcoin to get anything we wanna,what im saying is that you cant pay with bitcoins direct the same way you do with fiat,anywhere you go  fiat and card is the option ,you cant use bitcoin .I didnt get offended i know how hard is to get the things we eat,atleast some of them,the kind of work no one wanna to do and dont respect who  work there.

At a moment we have to depend on fiat to make purchases as we don't find many shops that accepts bitcoin as a mode of payment, things will change in future but till then we have use fiat for making purchases.
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