Why Cryptocurrency is better than fiat currency?

[silvousplaitxz 0]

What are the best things in cryptocurrency that make you think it's better than fiat from the countries? I'm doing some research and I want to hear some opinions about this.

[seriousguywithfunnypants 266]

5 minutes ago, silvousplaitxz said:

What are the best things in cryptocurrency that make you think it's better than fiat from the countries? I'm doing some research and I want to hear some opinions about this.

It is decentralized. Everyone in the world can participate in and make money from it. There is no government, institution, etc. Also, it is way cheaper to send money.

[bobjoemega 1088]

15 minutes ago, silvousplaitxz said:

What are the best things in cryptocurrency that make you think it's better than fiat from the countries? I'm doing some research and I want to hear some opinions about this.

There are two big differences between fiat and crypto coin, 
1- Trading in fiat vs fiats is not profitable because in the case you can only get 2% profit, but in the other hand Crypto vs fiat or Crypto vs Crypto, you get more profits, sometimes you can get what you never dream about it.
2- sending money from family, between countries: in the past you need to pay a big fee to send only 100$, but today you can use YOBIT code and you will get 0 fee in transaction.
So in my opinion, age of fiat, is gone my brothers, and it's time for the CryptoCurrency to lead the Markets.

[julerz12 71]

The main feature of cryptocurrencies is being able to send it peer to peer without the need of any 3rd party services such as banks and any other payment processors. This not only saves time but also fees.

[manny 6]

30 minutes ago, silvousplaitxz said:

What are the best things in cryptocurrency that make you think it's better than fiat from the countries? I'm doing some research and I want to hear some opinions about this.

They have already mentioned the advantages of cryptocurrency than fiat.  For me, accumulating crypto to have a passive income is good.

Edited October 25, 2019 by manny

[teminalibug 309]

In my country (Tanzania) i don't think anybody even me considers cryptocurrency as better than Fiat for daily basis, I only use crypto to invest and trade so as to make more money.

[Dammyrichie 131]

5 hours ago, 420blaze said:

Fiat and cryptocurrency works together perfectly. They goes like this, cryptocurrency helps us to have plenty of profits while fiat supports that by its non-so-volatile price, what I mean is the fluctuations in cryptocurrency is painful to have, that is why cashing it out and turning it to fiat is a life saver before it goes down, it is more like a second life to us, that is why fiat must stay even though cryptocurrency will be the main currency someday.

Cryptocurrency have made some trader profit when trading, but fiat currency would still be used as a means of keeping your money safe from volatile price.

[cryptokram 102]

5 hours ago, silvousplaitxz said:

What are the best things in cryptocurrency that make you think it's better than fiat from the countries? I'm doing some research and I want to hear some opinions about this.

You can store your wealth with out needing much space or carrying something! 

You can send huge amount fast and easy with small fee.

You can store different currencies in one wallet and all of them will be there no matter how big is the amount.

Fast transaction specially if you are dealing overseas than fiat!

47 minutes ago, dianamushi said:

There is no Limit on how much you can can spend from your Cryptocurrency wallet, but with banks you have limit on how much you can withdraw from your account on ATMs and if you want more you need to make a special request.

that is really amazing to have! but the disadvantage is you need to pay the same fee in withdrawal even you will withdraw a small amount! 

[Masterrex 559]

5 hours ago, silvousplaitxz said:

What are the best things in cryptocurrency that make you think it's better than fiat from the countries? I'm doing some research and I want to hear some opinions about this.

Before we go further lets understand first that the reason why Satoshi created Bitcoin to have an alternative financial system that was not controlled by centralized entities like Banks, Bitcoin was promoting decentralization thats why after the recent global financial crisis event that tear down the global economy and forcing the banks to declare Bankruptcy. I think that cryptocurrency was worth to try since the wealth is not controlled by centralized Entities like banks in that case if another global financial crisis will happen we can say that it wont harm us who believe and use cryptocurrency as an alternative than traditional fiat issued by Centralbanks,

[lilykool 53]

For me i cant send fiat currencies over the seas cheaply but i can send crypto currencies for even less then 0.01 cent.They are fast too.

[Mohs3n71 0]

what if I tell you that actually FIAT is better than crypto then how will you respond to this ? at least for now I still prefer fiat over crypto for most of the cases

[cnguchi 70]

I don't think it's better than fiat money but at least it doesn't inflate, and depreciates over time like current fiat money.

[PunkGrunge 36]

Cryptocurrency is good and will be better than fiat currency in future, maybe in a decade or two. As of now, crypo currency is not easily accessible as fiat currency as it needs internet and not everyone has internet access (considering people in poor countries ) also people will need to learn and understand a lot about crypto (like creating wallets, keeping ur private keys safe, etc) before being able to use it with ease which fiat currency does not need. 

[Dammyrichie 131]

15 hours ago, bagdad said:

I have to say that both fiat and cryptocurrency has both advantage and disadvantages. Crypto os not yet globally accepted worldwide as an alternate medium of exchange, in some countries it takes a lot of process and fees, not to mention regulation that limits other users from transactig or even cashing out their crypto.

I also think the cryptocurrency and fiat currency are useful all together, cause crypto can not replace fiat currency it can just be a second means of been use as a payment to shop online

8 hours ago, lilykool said:

For me i cant send fiat currencies over the seas cheaply but i can send crypto currencies for even less then 0.01 cent.They are fast too.

Yes that just why both are different in term of usecase, you can send a large number of money with a lesser fee compare to fiat currency.

[lilykool 53]

13 hours ago, Dammyrichie said:

I also think the cryptocurrency and fiat currency are useful all together, cause crypto can not replace fiat currency it can just be a second means of been use as a payment to shop online

Yes that just why both are different in term of usecase, you can send a large number of money with a lesser fee compare to fiat currency.

I think they can be used without Fiat currency.You may think how you will get your money to keep it stabile,I think we will see more stabile coins in the future you can buy bitcoin or any other crypto coins too.

You can send a small amount of money for less then a dime too 🙂 For example I can even send you 2 USD worth LTC and you can buy a coffee.(Some exchanges do not charge withdraw fees for it)

[Lubruselu 2803]

Cryptocurrency has good movement of 0%-60% and more a day that's will give you huge profit or loss but fiat movement a day is around 0.06% per day, that's why in forex trading you'll trade with leverage which is too risk.

[Great Commander 659]

The good on cryptocurrency is no one literally operates  it and thus decentralized. There's no administrator to check and maintain its exact values. But flast currecy is your best buddy my friend. 

[Devh 564]

On 10/25/2019 at 5:45 AM, silvousplaitxz said:

What are the best things in cryptocurrency that make you think it's better than fiat from the countries? I'm doing some research and I want to hear some opinions about this.

The best thing in crypto currency is that its decentralized until you make account on centralized wallets. Another thing is you does not need to pay taxes and not limited to spend it any where. You can convert to cash anytime you want. So fiat currency is not much hassle free as if we have more than 10000 Dollars in cash then we have afraid of robbers not detect on road and so on along with taxation departments. For saving fiat we have to pass through a long procedure of documentation which is actually a very terrible but with BTC or crypto we are free and 1 click away from our work 😄 .

[Mohs3n71 0]

Most of these people that are saying crypto is better than FIAT is because they think can become rich with crypto, if someday the price of bitcoin becomes stable then all of them will change their mind

[Mohs3n71 0]

22 minutes ago, Fahd said:

It's not for now at every panic in the market, everyone sell Bitcoin and save dollars, traders needs more Trust in Crypto

and also in every hype they all start to buy again, in most of the times they sell with loss and buy again in higher prices, some are too dump for this market

[Wrath 149]

Crypto currency is better than flat because they are borderless, cryptocurrency don't subscribe to any centralize entity or institution , they can operate anywhere there is an internet connection, they put the user in full charge of his/her funds and provide the privacy and fast and cheap transaction processing.

[Mohs3n71 0]

1 minute ago, John11 said:

Because all transactions are stored on the blockchain so there is no possibility of fraud anymore since you can't do transactions that are not being recorded. This way politicians can't do dirty transactions and steal from people's funds 

actually there are more frauds in crypto world more than anywhere else all together

[cryptokram 102]

6 minutes ago, dianamushi said:

That's right, but well the the withdrawal fee is way too small to be concerned about, especially if you're using blockchain wallet.

I am serious bro! promise the fee is too high if you will buy candies worth 1 dollar! that fee is really cool if you will send huge amount but not good enough if we will use them in stores which we will just pay a small amount! but we can't be sure in the future! fee might be free!

[manny 6]

Cryptocurrency and fiat money have differences but have advantages and disadvantages.  They are both useful and we need in our daily life.  Wise people know how to use them to gain profits.

[Cryptohash 702]

On 10/25/2019 at 6:15 AM, silvousplaitxz said:

What are the best things in cryptocurrency that make you think it's better than fiat from the countries? I'm doing some research and I want to hear some opinions about this.

It is in the starting stage so people do not dominate others for more reason.

As it is new they create more vacancy to earn money so these are the two reason why it is better than fiat currency