Fiat Money vs. Cryptocurrencies

[Robert William 590]

As of now, we used fiat money for buy some crypto coin in the market but there has some taxes ghat we will paid, if we used crypto coins ecample bitcoin to biy or paid some things, we dont need to pay some taxes of it because this is a decentralized network, no one can manage this coin

[Naseer Ahmad78 721]

I think both currencies are very good for investment,Everyone has their own choice, but I would prefer cryptocurrency because they have fast transactions and high security,Because inside it we can do a lot of transactions and can also do exchange from one currency to another currency. 

[alaarami 103]

Dear cryptocurrency market is always volatile for that the great benefit from those markets where the appropriate time is chosen in order to accept cryptocurrencies globally, where currencies are growing day by day and the popularity of cryptocurrencies continues to increase greatly

[Farukatie 1271]

Yes dear friend you are very right that the market of cryptocurrency is very small in according to with Fiat currencies but 800 we cannot deny the advantages of cryptocurrencies that it is very reliable fast and easy to use we don't need any documentation before using cryptocurrencies.

Countries only e Ban program because of some scamming and hacking issues and they cannot control them.

[Garion hirao 550]

Yes and you are right about, I think the difference between Fiat money and Cryptocurrency that one is physical other digital and the crypto digital the transaction is more faster than Fiat transaction online. But I think in the future they will work both one for physical transaction other for online transaction.

[Wane Rastuar 583]

I really do not think that is going to happen because  cryptocurrencies alone do not have the full capacity to drive the financial sector. Rather they can co-exist and bring out the best in each other.

[joemcgwa 3227]

Fiat currencies vs crypto currencies they are both useful, because crypto is where we can earn money fast and fiat is where we can use to buy goods.

[HasFahd 500]

Fiat money is still regarded as a better option than cryptocurrency in many parts of the world, we try to generate more coins all because of fiat money, one of the main advantage of coins over Fiat money is ,it tend to pump from it initial price when the price of the coin goes up, Fiat never pumps and it in a form of paper or coins

[Lokeloke 576]

On 12/28/2020 at 2:00 PM, Ameralsamt said:

Many people and major countries believe that cryptocurrencies are not reliable or not secure, and banknotes are tangible and guaranteed, but in my opinion cryptocurrencies are safer, faster to trade, easier to discharge. 

I love the point you made, people are scared of what they cannot guarantee, if the process is not something that is open to them then there's the problem, you know fiat is always handled by bank and you'll tends to see the banker or cashier in charge of your account but on crypto it's depends on an anonymous process called block chain

[Syriana 350]

The encrypted currency cannot be compared with the paper currency, as the encrypted currency is not centralized and no bank can control it, in addition to the light transfer fees that are symbolic against paper currencies, some countries have adopted dealing with Bitcoin, but some other countries have rejected it and fight it because it threatens its economy and will not be able to control But I believe that Bitcoin will be the currency of the future and many countries will use it and deal with it

[Adavance 461]

Fiat currency reffers to hard currency which is regulated by the government of individual country. Crypto currency can be defined as the digital currency which is out of control from any governmental regulations. We can invest fiat on crypto to earn profit.

[m7md 0]

The existence of Bitcoins and the rest of the other cryptocurrencies depends on people adopting them, which provides them with great confidence from users as they are not controlled by any company or government

[Wanderdark 2178]

Thanks for these information. To summarise, I think fiat currencies can be minted as much as the governments want, and therefore they are subject to high influation.

 

On the other hand, cryptocurrencies especially decentralised ones like Bitcoin is limited in supply and cannot be minted at leisure. Therefore their supply will always be limited and if the demand continues to rise as it's doing currently, there will always a regular price rise when compared to fiat currencies.

[Rozy 1918]

The information you have mentioned are very valuable and I want to add a point that is super important to me, other than the centralized and decentralized point , Is that cryptocurrency will get you high fees when invested , it might reach to ten doubles the fee of the same value of your crypto but in fiat money and in traditional Banks. In this sense Crypto is much more profitable. 

[Pranto1 40]

It is authenticated whether it is synchronized that a BTCT can stand up to a BTC of a BTC that can be upstairs to a strong dollar bill where a stronger dollar can stand upstairs where the powerful dollars open up.I think the future will take flat money in Crypto. The need for crypto is increased in modern world. One of his disadvantages is the maker of the currency.

[Roman Wickler 1021]

Cryptocurrency is best over fiat currency.  Fiat currency isn't really valuable and also not famous. But cryptocurrency is more valuable than fiat currency. It is really famous. Most of the people love cryptocurrency and they try their best to gain cryptocurrency. 

[Jonson Smith 343]

I would say that it is still the most used currency in the world because there are still people who do not know about the existence of cryptocurrency.  Also, some governments do not support cryptocurrency and some of them ban it in their country. I will go for cryptocurrency because there is no limit to it.  You can transfer any amount, but Fight has many restrictions.  Although both transactions can be done online nowadays, there are many good points for crypto.  It is very safe and secure.

[abohasnn9 2401]

My friend, cryptocurrencies are an advanced technology of fiat currencies, as they use a method or work algorithm that encodes themselves with a hexadecimal counting system, so it is a very sophisticated CI for tangible currencies. I see it as the future and I hope that it will be applied in all countries. Thank you.

[Hanbal 359]

Cryptocurrency is an advancement of fiat currency each has it significant role to play in this 21st century but cryptocurrency is termed as the future digital money that will change the world.

[Oki 675]

With all the advantages of cryptocurrency compared to fiat money, cryptocurrency does not have a legal umbrella to be fully adopted and accepted by a country, that is the only drawback of cryptocurrency. With cryptocurrency we can transact easily without going through banks or third parties around the world. But the movement of cryptocurrency has always been limited by government law, in my opinion this is a form of pre-existing security in the financial sector.

[Pereira 2303]

There is a very notable difference between fiat currencies and cryptocurrencies, which is that fiat currencies are controlled by public organizations and are centralized currencies, rather than cryptocurrencies are totally decentralized and without any third party that can influence their price, but It should be noted that cryptocurrencies have much more volatility in the market and cryptocurrencies are currencies with a lot of volume and digital commercialization at an international level.

[Saeed ur Rehman 112]

Fiat currency and crypto currency both are the best currencies but I think so far the crypto currency is the best currency

[Malikjnb 1235]

Fait money and crypto currency both are necessary . From crypto currency you can invest in trading and make a good profit. But fait money you use it for daily routine life. You can buy things who necessary for you. You can buy online with cryptocurrency.

[khan22 3478]

Crypto currency is best than the fiat money becasue through crypto currency we can make good money then the fiat money and the crypto market an change our life in a short time.

[abd1992 960]

On 10/13/2019 at 7:42 AM, starwill said:

Fiat money and cryptocurrencies have in common the fact that they are not backed by physical merchandise - but that is the only thing they share. While fiat money is controlled by governments and central banks, cryptocurrencies are essentially decentralized, largely thanks to a digital accounting book (ledger) called Blockchain.

Another notable difference between these two monetary systems is the way in which the currency is issued. Bitcoin, like most cryptocurrencies, has a controlled and limited monetary mass - unlike fiat money that can basically be created from nowhere by banks, according to what they consider the economic needs of the nation.

As a digital form of money, cryptocurrencies do not have a physical counterpart or are limited by borders, which favors their ability to be used in international transactions. In addition, transactions are irreversible, and the particular nature of cryptocurrencies makes them more difficult to track than fiat money.

It should be noted that the cryptocurrency market is much smaller and, therefore, much more volatile than traditional markets - this is one of the reasons why cryptocurrencies have not yet been universally accepted, although as the economy "Crypto" grows and matures, volatility will probably decrease.

Paper currencies are actually adopted today in the countries until now, but in the future, digital currencies are adopted near paper currencies