Cryptocurrrency vs. Fiat currency

[ShakilA 373]

Of course fiat currency is more better than Cryptocurrency.You can easily use fiat currency everywhere.But you can not use crypto any place

[vynz 540]

I think cryptocurrencies can't replace fiat currencies because fiat currencies are real currencies and it's legal tender backed by a central government. It can take the form of physical dollars or it can be represented electronically, such as with bank credit while cryptocurrency is not backed by a central government or bank as it is decentralized and global. Also, you can pay and donate using cryptocurrencies.

[Hatred 1388]

12 hours ago, Bijoy970 said:

I think fiat currency is best. Because you can easily use Fiat coin every where. Fiat coin is legal all over the world. That's why Fiat coin is best .

Yes, as of now its the best for exchanging to other currency and buying things in physical store. But someday, crypto will replace it and become more useful than fiat in the future.

[Oxygen 1004]

On 11/7/2019 at 3:04 PM, Ritchie said:

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

Not really, Fiat currencies are from ancient times, People have much more trust on it, everything is being deal in fiat currency in a country. Electornic money could be implemented against fiat currency, but it is tough to implement crypto against fiat. 

[Roomi 1119]

On 11/7/2019 at 3:04 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 or it could be not. There is a big uncertainity regarding this question. When it start rising people think rhat it will cover all world and when its start dumping people thinks that it gonna finish. 

[Pegem 109]

28 minutes ago, Baba mohammed said:

I think 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. Good luck

But nowadays many people prefer online transactions and online shopping and for that paper usage is a little hard so in the coming time people are trying to adopt bitcoin. 

28 minutes ago, Baba mohammed said:

I think 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. Good luck

But nowadays many people prefer online transactions and online shopping and for that paper usage is a little hard so in the coming time people are trying to adopt bitcoin. 

[Sohel Rana Sazzad 453]

Between cryptocurrency and fiat currency, I consider cryptocurrency to be the best because cryptocurrency can make more money in a short period of time than fiat currency.

[sazzad925379 128]

I think cryptocurrency is one of the most common reasons between cryptocurrency and fiat currency because cryptocurrency can make more money in a short period of time than without fiat currency.

[Aereen 456]

One could never replace the other, they should work together because they need each other in a way, especially that cryptocurrencies can only be used by majority of the people when it is converted to fiat. 

[thiscomm 306]

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

in my opinion everything is possible because crypto is finance that will be used for the future. but this will result in the equality of all countries in the world, because you can know that the price of crypto in any country today is the same.

[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

Both cryptocurrency will c0exist and none of them will be remove from circulation. Fiat money are still useful in everyday transaction while crypto in general is good for cashless transaction since its offer less fees and you can become your own bank

[Darkelf11 262]

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

No. But it's possible, just a tiny chance. If that happened, then economy of every region in the world will just be unbalanced and unsecured. Because these cryptocurrencies are very volatile on their values. Fiat currencies that we have now are very important, it should not be replaced by cryptos.

[BitMart 326]

There is no chance in long run as this is mission impossible because right now more then 80% of world population have no basic things for living and just very less are enjoying good and enjoyable life in developed countries those can do this but still they also need some good time for this all in recent time we have few countries already working to create own cryptocurrency which is also very helpful.

[Casinoval 330]

Crypto currencies is way better than flats, crypto currencies are easier to deal with and they are cheap to transact with and fast, crypto currencies unlike flats gives you total control and access over your funds.

[Dolpharius 675]

On 07.11.2019 at 18:04, Ritchie said:

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

of course it may happen, but a lot of time must pass — it will not be as fast as many want — it is a long monetary evolution when several generations should change.

[Sid 589]

I don't think that will happen. Why? because bitcoin has an unstable price and can't be used as widely as fiat money. If this happens, there is a possibility of price chaos and it will be difficult for people to determine prices 😅

[Epic 289]

Its never going to happen since not everyone in the world has access to the internet so they cannot use crypto currency. Also there are a lot of places in the world that has no access to the internet. Fiat money is handy and can be used anywhere so it can never be replaced. Cryptocurrency will be widely used in online transaction in the future so it still has a bright future ahead.

[Ali_hmwi 966]

No they can't do that we need money in hand to work through. although we need a reall Money to put it in front of bitcoin always.

All the best guys 

be safe 

[Apple 202]

A country that wants total justice can make their crypto currency. It all depends on the country. It is possible to use bitcoin but they must prepare the integration at each payment gateway. It will be a long post if I continue.
 

[Maaz sultan 265]

It is impossible to replace flat currencies but crypto currency will plays an important role for the developing an crypto world .Crypto currencies use as an secondary currency if all he countries will accepts it .

[Heroshema 0]

Its hard to happend .. crypto coins haven't a one price

Imagine you want to buy somthing from the market .. in first day you pay 0.1 ETH and next day its 0.8 ETH

[Goody28 259]

For now it is  impossible, but I think it could happen in the future. Not all of the countries are accepting cryptos ,so it is very hard for crypto currencies replace the fiat currency.

[suzuya 945]

Cryptocurrency can not replace fiat because government won't let that to happen, also fiat is still way more usable than cryptocurrency when it comes to daily transactions such as shopping in the market or buying groceries, paying bills, and payment for food.

[fuer44 1083]

no, crypto will not replace fiat. because crypto is an asset that has an investment value but has no intrinsic value to real goods or commodities. whereas fiat, has intrinsic value and is always used as payment.

[phpMailz 568]

Cryptocurrency will eventually take dominance as the most use currency in the world, but they will never replace flats completely there will always be places where flats will be in use and where cryptocurrency will not be legally accepted.