Cryptocurrrency vs. Fiat currency

[jacker 1095]

Cryptocurrencies and fiat currencies exist differently and also serve different audiences. Cryptocurrencies cannot replace all currencies, that's impossible, I'm sure. Each country has its own currency and uses them. Cryptocurrencies are not common and are used 100% for the whole country.

[Investors Blog 385]

On 11/7/2019 at 6:04 PM, Ritchie said:

Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

It can work hand in hand with other world currency but most government financial institution will not allow other cryptocurrency to replace their national currency. Since this is the way to gauge how strong the country is. Same goes with USD, US will not allow a bitcoin to replace USD as a global money.

[KURTAULI 1297]

Remember that not all cryptocurrency that's has the security you said, but I can only vouch for Bitcoin and some other few to have the security you said. That be said; I see cryptocurrency far better than fiats in the following reasons: its anonymous transactions, it decentralization among other cryptocurrency, it supply which is limited to 21M coins and among all, it has no central authority like fiats. I love the cryptocurrency to fiats.

[Joshim 111 1]

I believe in cryptocurrency but do not believe in Fiat Currency.  Cryptocurrency is a valuable and credible currency.  Fiat Currency is not reliable and its price is low.

[MCSGlegend 2210]

I think that no, this will never happen, governments will not make cryptocurrency mass since it is almost impossible to control it.

[Tasrif Hossain 271]

I know the two things are completely different, its the whole market for these two things and also the demand for the investment investor is completely differentIn fact, in my opinion, it is not possible to say that something is really good, but both things have their own and use areas, and for this reason, I should not comment without analyzing it without knowing it

[Amirul Islam 382]

On 11/7/2019 at 4:04 PM, Ritchie said:

Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

Currency always change. If we watch the history big currency, we will know about that it always changeable. We know our money can replace by online money and it's cryptocurrency.

[Muskan7816 175]

I know I don't know much about the currency currency between these two currencies, but I can say that one of the best currencies in the online world

[Jonn 22]

 I resolve not go out with him as rivals, in cooperation are basic to increase and coexist in a go everywhere at hand necessity be freedoms, though Crypto has new freedoms.
 

[Tasrif Hossai 18]

Cryptocurrency is one of the most powerful and least payable payment processors in the context of the present day, is becoming very powerful day by day and acceptance is increasing in people and among peopleInvestment is growing because it is much stronger and more powerful than a lot of quantities.

[Makla Hala 16]

Two things like mine are very good because the two things are in the present world and how to use them completely give you a separate guideline for things, and for this reason, in my opinion, it is not possible to say in any way in the presentOne thing is totally good because there are two things that are just like ours, and that is why I should never say that in the context of the present time, cryptocurrency is good and it should not be said that things are just that good

[Abiaan 1209]

no it will never happen since it ruins the banking system and the cryptocurrency's property doesnt favours the commerce of banks 

[Delgboke 2480]

Let assume that you want to travel to U.S for you to make use of your cryptocurrency you need to exchange your digital currency to dollar, so that you can be able to purchase goods with the fiat currency, for fiat to be replaced by cryptocurrency may not actually happen because we all need fiat to operate outside the digital world. 

[Saiful123 11]

Fiat currency is actually a stable currency and crypto is a more stable currency than cryptocurrency is more demanding than ninefoot currency can also use crypto more securely than fiat currency.

General Chat Chat Loung...

Fiat currency is actually a stable currency and crypto is a more stable currency than cryptocurrency is more demanding than ninefoot currency can also use crypto more securely than fiat currency.

General Chat Chat Loung...

[Nayan deka 317]

No cryptocurrency will not take over fiat currency as  fiat currency is for ages and everyone is familiar with it, many people doesnot understand cryptocurrency. Many find it difficult to operate cryptocurrency.

[ram007 391]

i don't think it will replace fiat currencies,crypto still volatile,so it can never be easy to replaced fiat as its been used for decades and almost everything is in need of fiat currencies,crypto will just be part of our lives now,both of them.

[Cryptominded 704]

6 hours ago, Hassan06 said:

Like fiat currency, cryptocurrency can be used as a medium of exchange. The main difference is that unlike a fiat currency that is issued by a central bank or government, cryptocurrency is not issued or controlled by a central body. Governments and banks can decide to print new fiat money when times call for it.

The governments print money whenever they feel like it, not even when times call for it and that is the reason inflation is a major issue with the fiat currencies, unlike most cryptocurrencies, there are maximum amount of most coins that can be mined for instance Bitcoin stands at 21 million coins. The resulting scarcity is one of the highlights of Bitcoin.

[Rifrach 207]

nowadays people prefer crypto over fiat. while what will happen may be a lot of rejection from several parties. Although actually I have never used fiat.

[fatima123 320]

Crypto market has great reputation and much highly investments but crypto market can't replace the fiat market because fiat is physical market and we need fiat currencies every time in life. 

[MKHATTAK 3]

Can cryptocurrency ever replace all currencies in all countries? And what will happen to the world if thats gonna happen

[Mifu 5]

There are major difference between falt money  and cryptocurrency.  Cryptocurrency is a digital money.  Where you cannot touch your money but you can get it by transactio. But u can easily get flat money in your hand it is not a digital currency      

[andrehol 16294]

I do not see any problems in replacing fiat money with cryptocurrency in all countries. Technically, it will be easy. Replacing cash with Visa plastic was painless. Countries need to test national cryptocurrencies faster.

[teminalibug 309]

1 hour ago, mohsin hossain said:

The Flat or paper currency is still widely used by different countries and a medium for every transactions. Cryptocurrencies however needs to be adapt around the globe in order to build that idea or at least understand how ot works.

 

Maybe crypto will forever be as coins to be used in cryptocurrency exchanges, if that is, then Satoshi Nakamoto failed.

[Fleur de Bleau 168]

Crypto can't replce fiat because crypto have volitle price which is not good because many people lose money.  And i think if this happen many people will not use crypto currency. 

[tienda 8776]

Can cryptocurrency ever replace all currencies in all countries? My answer is NO, they can work both without problem, there is just one thing maybe will be happen, in all countries they will create their own cryptocurrency, and they will use their fiat money for physical things and cryptocurrency for digital and  service.