Cryptocurrrency vs. Fiat currency - Page 2 - Crypto World - CryptoTalk.Org Jump to content
Ritchie

Cryptocurrrency vs. Fiat currency

Recommended Posts

It's possible and i believe that Cryptocurrency can replace fiat money. Why because Cryptocurrency is what we need in the future advanced technology that is Cryptocurrency a digital currency that you need internet connection to buy everything like things, stuff or food you want, We need Cryptocurrency in our daily lives.

  • Useful or interesting 1
  • +2 3

Share this post


Link to post
Share on other sites
On 11/7/2019 at 11:04 AM, Ritchie said:

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

in as much as i am a lover of crypto, i am usually not sentimental about it and the truth is that it will be impossible for it to totally replace fiat because cryptocurrency has to do with internet usage and not everyone have access to it or have the knowledge of internet worldwide. 

  • Useful or interesting 1
  • +1 1
  • +2 3

Share this post


Link to post
Share on other sites

I think that if the cryptocurrency can replace Fiat, it will be only in 70-80 years, when all countries will have the Internet, only with such an opportunity is it possible to replace Fiat with cryptocurrency.

  • Useful or interesting 1
  • +2 3

Share this post


Link to post
Share on other sites

Fiat can't be vanished from the table. Crypto is moving on day by day . it is possible that both can have the same importance. Fiat is very ancient while the crypto is new to him but crypto is on its way to top.

  • Useful or interesting 1
  • +1 2
  • +2 1

Share this post


Link to post
Share on other sites
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 could be included to the payment options but it won't replace the local currency every country has. If that's gonna happen, there would be many money that could circulate in a country.

  • Useful or interesting 1
  • +1 3
  • +3 1

Share this post


Link to post
Share on other sites

I think it could happen. if that happens then people will be made easy in making transactions. all are tax free and poverty can be overcome.

  • Useful or interesting 1
  • -2 2
  • -1 1

Share this post


Link to post
Share on other sites

Of course not, Cryptocurrency will never be able to replace flat money in any country. Have you ever studied state administration, where currency is the hallmark of a country. so how can a country's currency be replaced by cryptocurrency.

  • Useful or interesting 1
  • +2 4

Share this post


Link to post
Share on other sites

It will never happen because cryptocurrency's price is based on the fiat currency. It's basing its price to the exchange of it to fiat. You can't determine its price if it's low or high without the fiat. It is not possible to happen. 

  • Useful or interesting 1
  • +1 4

Share this post


Link to post
Share on other sites

I see that it is possible once government consider the potential of crypto. And I think it is so far in the future. With crypto, our world must be fully developed with technology and I don't think it is already capable with crypto.

  • Useful or interesting 1
  • -1 1
  • +2 2

Share this post


Link to post
Share on other sites

I think it can if the Qibla state will change to another country will be taken. what will happen if crypto is widespread, there are lots of things, there is a fluctuation in the demo, maybe there is also easy transaction without tax.

  • Useful or interesting 1
  • +1 1
  • +2 2

Share this post


Link to post
Share on other sites
17 hours ago, rchres said:

It's possible and i believe that Cryptocurrency can replace fiat money. Why because Cryptocurrency is what we need in the future advanced technology that is Cryptocurrency a digital currency that you need internet connection to buy everything like things, stuff or food you want, We need Cryptocurrency in our daily lives.

No it can not replace thw fiat because it would be difficult to handlw yourself if you went to a country that doesn't have crypto ATM or maybe they don't acknowledge crypto as payment. .cash money will always be needed just in case.

  • Useful or interesting 1
  • +1 1
  • +2 2

Share this post


Link to post
Share on other sites
On 07.11.2019 at 14:04, Ritchie said:

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

These two currencies in my opinion are quite different. Cryptocurrencies will not be able to replace conventional money. But of course they play a significant role in the overall financial economy.

  • Useful or interesting 1
  • -2 1
  • +1 1
  • +2 2

Share this post


Link to post
Share on other sites

Yes I think that is possible what inhibitor? But it is better for each country to have a national cryptocurrency as well as a universal cryptocurrency unified for everyone and certainly will be Bitcoin. I think the world will be much better than it is now. Especially if we get rid of the dollar and govern the world economy.

Share this post


Link to post
Share on other sites
On 11/7/2019 at 5:04 PM, Ritchie said:

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

With customizing more varied cryptocurrency at this time, it is possible for all world currencies to be converted to cryptocurrency in the form of stable coins. but this will completely change the concept of decentralized cryptocurrency, so it only changes the form.

  • Useful or interesting 2
  • +1 2
  • +2 1

Share this post


Link to post
Share on other sites

Cryptocurrency vs. Cryptocurrency  Fiat currency Through these currencies I am giving more importance to crypto currency, I love to use crypto, I think many people like crypto like me, will tell you what you love to use.

  • Useful or interesting 1
  • +2 2
  • +3 1

Share this post


Link to post
Share on other sites

A rather complicated question, it would be quite interesting if the cryptocurrency could replace the usual currency. The world would change beyond recognition, as the saying goes "Everything can be"

  • Useful or interesting 1
  • +1 1
  • +2 1
  • +3 1

Share this post


Link to post
Share on other sites

I think the crypto currency is the future currency

Crypto currency is a decentralized currency and its price does not still .

Fiat currency prices are still and they work like as the united states dollar

  • Useful or interesting 1
  • +1 1
  • +2 2

Share this post


Link to post
Share on other sites

Everything can happen in future but this time I think Crypto Currency is hard to manage in this world just imagine different economic and educational status of other countries. So I guess Crypto Currency for now will be an alternative payment in some places.

  • Useful or interesting 1
  • +1 1
  • +2 2

Share this post


Link to post
Share on other sites

I don't think crypto currency can replace flat currency because there was many issues about using it on illegal actions and it wasn't easy to track those transactions because it was decentralize.

  • Useful or interesting 1
  • -2 1
  • +1 1
  • +2 1

Share this post


Link to post
Share on other sites

The crypto currency is more move able and its transferred in few mints without paying the custom charges and it is accepted all countries where you found the people who work for crypto currency in this way the crypto currency is best from fait currency. 

  • Useful or interesting 1
  • +1 1
  • +2 2

Share this post


Link to post
Share on other sites
On 11/7/2019 at 4:07 PM, bentayebsalah said:

It will not happen but cryptocurrencies are a new technology created from
As a new service independent of FIAT currencies

I think that the crypto currency is a new currency but the fiat currency such as the dollar currency are the very old currencies and in the market from many years. But the crypto currency is also a source of income.

  • Useful or interesting 1
  • +1 1
  • +2 2

Share this post


Link to post
Share on other sites

I think this is not possible now. crypto is not legal in maximum countries first all need to legalize it and then we can think that crypto can be used with out fiat. in future it may happen and then transaction will be very easy.

  • Useful or interesting 2
  • +1 2
  • +2 1

Share this post


Link to post
Share on other sites

I think that is hard to replace fiat currency to cryptocurrency at all. Because the cryptocurrency basicly don't have any inflation. So the circulation in the world going limited, so if someone hold it for long term, can going rich or poor in a day. The loan going popular.  Also if you using cryptocurrency maybe will make the transaction going slow.

  • Useful or interesting 1
  • +2 2
  • +3 1

Please don't spam this forum!

Give me 💙 if my post helpful

Thank you.

Share this post


Link to post
Share on other sites

maybe crypto currency not replace flat currency because all peoples not know about crypto.some countries banned crypto.

  • Useful or interesting 1
  • -2 2
  • -1 1

Share this post


Link to post
Share on other sites
11 minutes ago, Rukhsad said:

Investing on cryptocurrency cqn mak you profit or loss bit in fiat currency you haven't any risk.

$USDT $USDC Also help to to holding without risk 

There is some profit and some lose that you might come across that is what investment meam

  • Useful or interesting 1
  • -2 2
  • +1 1

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Сегодня листинг $RTF!                    3 УСПЕШНЫХ IDO и 20Х спрос на токен говорят о том, что перед нами новый СПОРТИВНЫЙ КРИПТО ГЕМ! ТОРГИ ОТРОЮТСЯ СРАЗУ НА:\ HTX  MEXC  Gate  BingX  BitGet  WhiteBIT  Проект поддерживают WBC, АЛЕКСАНДР УСИК и МАЙК ТАЙСОН!
    • CryptoNews of the Week     - As expected, on April 20, the fourth halving occurred on the bitcoin network at block #840000. The reward for mining a block has been reduced from 6.25 BTC to 3.125 BTC. It's worth reminding that a halving is the event that reduces the reward for mining new blocks in the bitcoin blockchain by half. This event is encoded in the code of the first cryptocurrency and occurs every 210,000 blocks: until the mining of 21 million coins, presumably in 2040, when the cryptocurrency's emission will end. The fourth halving will ensure that about 95% of all bitcoin emission is mined, with approximately 99% of all coins mined by 2033-2036. Following that, the emission will gradually move towards zero. Economist and author of the cult book "The Bitcoin Standard," Saifedean Ammous, congratulated the crypto community on the halving. "For the first time in history, people have a form of money whose supply increases by less than 1% per year. [...] The harder the money, the slower its supply increases, the better it retains value in the future, and allows for planning and securing the future," he wrote.   - In the days following the halving, there was no increase in volatility. The price of bitcoin slowly and lazily moved upwards, reaching $66,000 at the time of writing this review. It seems that market participants are frozen in anticipation of who will start buying or selling the main cryptocurrency en masse. However, the founder of venture company Pomp Investments, Anthony Pompliano, believes that within 12-18 months, the coin is likely to first undergo a correction and then rise to $100,000 with chances of reaching $150,000-200,000. "At the moment, the probability of a decrease is quite small. [...] I see no reasons for the rate to drop below $50,000. I think we have already crossed this Rubicon," the entrepreneur believes. Pompliano recommended buying gold to those looking for capital protection from the fall and the first cryptocurrency to those aiming to increase their purchasing power. "After the previous halving, the first cryptocurrency appreciated eightfold despite volatility. Name any other asset that has shown such high returns over a four-year cycle," he stated, revealing that he invested about half of his personal funds in the first cryptocurrency.   - Analysts at QCP Capital believe that bitcoin optimists will need to wait at least two months before assessing the impact of the recent fourth halving. "The spot price has only grown exponentially 50-100 days after each of the previous three halvings. If this pattern repeats, bitcoin bulls still have weeks to build a larger long position," their report states.   - According to Bitfinex experts, the post-halving supply restriction will stabilize the price of the first cryptocurrency and may contribute to its growth. "The decrease in the pace of bitcoin issuance after halving, which will amount to $30-40 million per day, sharply contrasts with the average daily net inflow of $150 million into spot ETFs. This underscores a significant demand and supply imbalance which may contribute to further price growth," the Bitfinex report indicates.   - A sharp increase in transaction fees on the day of the halving gave Euro Pacific Capital president and "gold bug" Peter Schiff another reason to declare the failure of the first cryptocurrency. On April 20, amid the reduction of the block reward, the average size of fees in the network jumped to a record $128.45. Experts largely linked this to the hype associated with the event around the launch of the Runes protocol. "The cost of completing a transaction now stands at $128, and its processing takes half an hour. This is another reason why bitcoin cannot function as a digital currency. The costs of using it in this capacity are disproportionately high. This is a failure," Schiff declared. (And he was wrong. Shortly thereafter, the rate dropped nearly 73% to $34.86.) In the comments, users asked the well-known gold advocate how much it would cost to safely deliver a pound of precious metal around the world. An estimate ranging from $800,000 to $2.3 million depending on the method and speed was voiced. "Remind me, how much does it cost to transport a gold bar to the other end of the world in half an hour?" Jameson Lopp, co-founder of Casa, sarcastically remarked about speed. Schiff responded that it didn't matter since people no longer use precious metal as currency.   - Speaking at a pre-election rally in Michigan, Robert Kennedy Jr. announced to the attendees that if he is elected President of the USA, every American will have the opportunity to review any budget item. "I will move the entire US budget to the blockchain, and we will have 300 million observers over it. If someone spends $16,000 on a toilet seat, everyone will find out!" he declared. The presidential candidate believes that taxpayers have the right to know exactly what their money is being spent on. According to the politician, blockchain and cryptocurrencies should help the USA remain a leader in innovation and maintain the financial freedom of its citizens. Robert Kennedy Jr. had previously supported bitcoin, stating that the first cryptocurrency takes financial control away from the government and the monopolistic banking system.   - The crypto exchange CoinEx has put up for sale the first satoshi mined after the halving. Buyers can place bids in bitcoins on the auction page. A satoshi is one-hundred-millionth of a bitcoin (0.00000001), and the organisers of the auction hoped that collectors would pay several tens of millions of dollars for this "epic" coin. However, at the time of publication, the highest bid is only 2.5 BTC, which is about $165,000, although this price exceeds the value of one ordinary satoshi by 250 million times. The auction will end on April 26. The exchange will notify participants of the results via a message on the website and by email.   - Fidelity Digital Assets, a leading issuer of one of the spot BTC-ETFs, has revised its mid-term forecast for bitcoin from positive to neutral. The reason for the departure from optimistic views is several worrying trends in the crypto market. Fidelity analysts noted the growing interest in selling from long-term bitcoin hodlers. A large percentage of profitable addresses is currently noted in the report. This means that holders may want to lock in profits and start selling BTC. On the other hand, on-chain data also indicate that small investors continue to accumulate the first cryptocurrency. Since the beginning of the year, the number of addresses holding at least $1,000 in BTC has increased by 20% and reached a new all-time high. "This trend may indicate the growing proliferation of bitcoin and its acceptance among 'average' users," Fidelity notes.   - Investments in bitcoin by "new" whales have almost doubled the indicator of "old" major players. These assessments were shared by the CEO of CryptoQuant, Ki Young Ju. The expert attributed to the "whale" addresses not associated with CEX and miners with a balance of over 1000 BTC. The "new" category includes owners of coins "aged" less than 155 days; "old" exceed this term. Specialists at CryptoQuant examined the dynamics of the 7DMA ratio of the SOPR indicator applied to these categories of investors and made conclusions similar to those of their colleagues from Fidelity. The elevated metric value showed high profitability of "old" hodlers compared to "newcomers," which could lead to the formation of price peaks. Analysis of the current situation also speaks of the need to exercise caution in anticipation of possible corrections and increased volatility. Recall that earlier, specialists from JPMorgan noted that digital gold is in an overbought state. And CMCC Crest co-founder Willy Woo warned that if bitcoin falls below $59,000, the market risks entering a bear phase.   - Representatives of the initiative group of cryptocurrency supporters want to convince the Swiss Bank board to add bitcoins to the CB's reserves. The meeting on this issue will take place on April 26, where the concept of supporters of digital gold will be presented. In their opinion, such a step will strengthen the independence and neutrality of the state. Including BTC in its reserves, Switzerland would show the world that it has an independent financial policy from the European Central Bank. Recall that back in 2022, the initiative group recommended the country's central bank to buy bitcoins for 1 billion Swiss francs (about $1.1 billion) instead of German government bonds, but the regulator ignored this proposal. However, now everything may change. Recently, Switzerland has been providing the most favourable conditions for the development of the cryptocurrency industry, which is why the government of El Salvador even opened its office in the country to jointly develop initiatives related to bitcoin.   - Christian Langlois, also known as Bitcoin Sign Guy, made headlines in 2017 when he displayed a notebook page with the message "Buy Bitcoin" behind Federal Reserve Chair Janet Yellen. At that moment, the FRB Chair was testifying about the state of the US economy. This image instantly spread across the network and became one of the symbols of the emerging crypto industry. For his act, the 22-year-old intern Langlois was disgracefully expelled from the hearings. But after this episode was broadcast on television, enthusiasts sent seven BTC to his crypto wallet to thank the young man for his bold move. Four years ago, Christian sold 21 copies of the notable sheet at an average price of 0.8 BTC each, thus earning an additional 16.8 BTC. As a result, his total earnings reached 23.8 BTC, which is more than $15 million at the current rate. And just a few weeks ago, Langlois was offered another 5 bitcoins for the original, but he refused to sell the sheet. Nevertheless, Christian liked the idea of further monetizing the self-created object of "artistic and historical heritage," and he decided to sell it at an auction. The winner's name will be announced late in the evening on April 24 at the New York snack bar Pubkey, and the young man plans to direct the proceeds to finance his startup, Tirrel Corp. At the time of writing the review, the sheet is offered for $140,000, but the auction is not yet over. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • I sell accounts of hero and legend on the forum bitcointalk.org Those who are in the topic will understand, accounts are golden, for the creation of cryptoprojects is the best, the status of aka - the highest trust whales. https://t.me/Bitcointalqi
    • Когда понадобится форум бирже, тогда вдохнут в него жизнь, сейчас же картина печальная, сообщения только от обменников. Всё таки что бы кто не говорил, а монетизация самый главный повод для людей  проявлять активность.
    • Уважаемые форумчане! Будем очень благодарны Вам за отзывы о нашем сервисе здесь https://www.mywot.com/scorecard/btchange.ru. Желаем выгодных обменов для Вас!   Контакты: Сайт: https://btchange.ru/ Telegram: https://t.me/btchangeru E-Mail: info@btchange.ru
    • Приветствуем всех! Комиссия снижена на направление Ripple XRP на Авангард RUB. Готовы сделать обмен для Вас на самых выгодных условиях.   Контакты: почта: info@moneybit.pro телеграмм: @moneybitpro
    • Приветствуем! Установили для Вас низкую комиссию на направление "Ethereum Classic ETC на Perfect Money USD". Гарантируем безопасность обменов и скорость.   Контакты обменника:Почта: info@sellver.com
    • Приветствуем! Предлагаем Вам ознакомиться с тарифами нашего обменника криптовалют. Гарантируем высокую скорость обмена и компетентную поддержку.   Контакты для связи: email: info@e-crypto.space
    • Наш сервис обмена валюты приглашает вас воспользоваться своими услугами и получить максимальную выгоду! Мы гарантируем качественный сервис, оперативную поддержку и легкий интерфейс для вашего комфорта. Убедитесь в высоком уровне обслуживания уже сегодня!
    • Bitget Research: Количество криптотрейдеров в ОАЭ растет на 166% ежедневно   К концу 2024 года количество трейдеров из Объединенных Арабских Эмиратов, ежедневно совершающих транзакции на мировых криптовалютных площадках, может превысить 700 000 человек. Об этом Bits.media сообщили аналитики Bitget Research.   Основными факторами, влияющими на рост количества участников местного рынка цифровых активов, стали усилия властей ОАЭ по созданию благоприятной атмосферы крипторегулирования, а также инвестиционная привлекательность криптовалютного индустрии, верят в Bitget Research.   В ОАЭ отмечается самая высокая статистика интереса к криптовалютам. 29% криптоинвесторов, опрошенных в ходе исследования Bitget, считают, что цифровые активы предлагают более удобный способ хранения. Еще 34% являются криптовалютными трейдерами, а 22% используют токены для ежедневных платежей. Инвестиционные предпочтения граждан ОАЭ склоняются в пользу вложения денег в биткоины и эфир. С начала 2024 года число ежедневных криптотрейдеров достигает в среднем 500 000 человек, что на 166% больше, чем год назад.
×
×
  • Create New...