Fiat Money vs. Cryptocurrencies

[Tine0313 3053]

Fiat and Cryptocurrency is good. Many people now wants to know Cryptocurrency and what can do of it. Even the market of crypto is high volatile, many people still want to invest in crypto because it has a good potential in earning by trading or investing.

[Guru2050 8284]

I think the differences in both aspects are clear and direct, crypto currency system has most interesting and unique qualities that are incomparable to fiat world. Ranging from it's decentralized in nature, anonymity in terms of making global transactions and high volatility feature.

[BitcryptoHan 2557]

On 8/18/2020 at 10:30 AM, Solex said:

Fiat has a fixed value and cryptocurrency is volatile for that we cannot deny the merit of Cryptocurrency over Fiat because Cryptocurrency can give you good profit if you hold for long but Fiat always remain at it fixed value since that is the case then I think we will all accept it that crypto is more important than Fiat if you want to earn more.

No. Fiat has no fixed value. They are volatile too but there is more chance to convert from one cryptocurrencies to another during the volatility. Example is converting bitcoin the a stable coin tether, when bitcoin price is decreasing. But fiats volatility is mainly due to inflation. 

[EnrickJoe 41]

 crypto has one additional point that it's disadvantages can be controlled over time like the volatility..I would suggest that you own both. Each has its own good sides.it's about usages of this systems in our daily life

[Solex 2262]

3 hours ago, BitcryptoHan said:

No. Fiat has no fixed value. They are volatile too but there is more chance to convert from one cryptocurrencies to another during the volatility. Example is converting bitcoin the a stable coin tether, when bitcoin price is decreasing. But fiats volatility is mainly due to inflation. 

Bitcoin is a promising coin and you will also believe with me that no matter how down bitcoin falls in terms of market value sooner or later it will regain it strength and even go above your expectations.

[BitcryptoHan 2557]

On 8/19/2020 at 1:13 PM, Moneyguru said:

Gold price didn't up at all, if you compare to Fiat currency Inflation, thats why BTC is the best asset.

Where did you hear such news, or you did not make findings than to be posting what is not correct and misleading people. I have seen gold at $1300 this year, it has now reached all time high this year with a price over $2000. Only what you can say is the its price is not as volatile as cryptocurrencies.

[Projectcrypto 4382]

Both of them have good advantages since they are both use as a medium of exchange especially fiat but to me Cryptocurrency has more advantages over Fiat because keeping Fiat won't let you earn something to add but making use of that Fiat to invest in cryptoworld will give you great opportunity to earn more as a profit and many countries refuse to legalize crypto because of it volatility which can also cause inflation of goods and services in a nation.

[yato987 2811]

well explained and we should say that we can't say  fiat is better than crypto and the opposite is true too, each one has their uses at the minute although using of crypto still limited because it is still illegal in most of countries but this changing over time

[Cryptic 0]

Cryptocurrency is more convenient than fiat money but there are only few businesses that accepted it as payment since it is volatile compared to fiat money its price changed in a short span of time. However it has a lot of use like for example the XRP which was used by financial sector in transferring fund especially the cross-border payment since it has low transaction fee and very fast. 

[Danii2312 34]

We cannot deny the advantages and popularity that cryptocurrencies are. However, it has not been accepted by many governments in other countries. Why? Because it affects currency. It will make the government unable to control domestic 

[Sykkuno 2887]

Some cryptocurrencies can be created for ever and don't have a maximum supply, but there are many that have this maximum as Bitcoin at 21 million. This makes Bitcoin having scarcity that can help this asset with small demand rise a lot in price. This is not good to replace fiat but there are other crypto that can do that.

[percare 3192]

Fiat has a purpose and we have many cryptocurrencies today that maybe one day they will replace fiat and we will be allowed to use these. I think that Bitcoin, Ethereum Litecoin Ripple Bitcoin Cash Tron and many more coins can replace the existing system and we can have a decentralized one escaping the governments control.

[bogdanoff 3173]

Transactions cannot be reversed but this doesn't add to anonymity as you have said. These are two different features. Monero transactions can't be reversed either yet Monero is the most private coin and provides complete anonymity if used without mistakes. A minor mistake and the rest of your post is a good one but we have to write the facts correctly.

[safwan944 54]

fiat currency and cryptos dont have that much differnce between because both are used for expense but incase i say about usage i would say that one can easily earn and money using cryptos just by investing on trading and its a cashless and can be used just by a click.

[Anamika3891 22]

We know crypto currencies are not stable... And there are many country who doesn't accept this coin.. So we can't use crypto any where... That's why fiat are famous, because we can use it any where.. But when crypto will accept every where then every body love to use it every where...

[Onden 2098]

There are many advantages of other cryptocurrencies, but there are also many rules that make crypto development difficult and acceptable to everyone, so that the development of cryptocurrency is also hampered. Currently cryptocurrency can only be used as an alternative currency after fiat, and also as an investment asset.

[Onden 2098]

17 minutes ago, jekichchan said:

So far, yes, I am very saddened that nowadays cryptocurrency is still perceived as an alternative currency, and not as the main currency for paying for things and services. I think that the future of cryptocurrency is generally unknown, nobody knows. But I really hope that the crypt will live and develop and become a substitute for money and there will be no alternative.

Friends, the problem is that government regulations in some countries do not allow transactions using cryptocurrency, and no sellers accept cryptocurrency because there are no rules that legalize cryptocurrency in some countries. Indeed, there are several countries that legalize cryptocurrency so that crypto can be used as payment.

[Kaytom 31]

well i prefer crypto because it's  more secure, and it's  easier  to do transactions,  but fiat has its advantages  as well but like commented before you can't  separate  them,  they both  complement

Edited October 2, 2020 by Kaytom

[Teresa112 37]

This is the biggest trending topic today.  Everyone asked about this.  There is a war going on between these two currencies.

  While cryptocurrency is receiving high demand from the public, many governments and institutions are rejecting it due to its highly volatile nature.

  Fiat Money, on the other hand, is the only option for our day-to-day transactions and has wide acceptance.  I think Fiat Money is a good option for stability.  In this case, I think Fiat Money is benefiting us every day.

[ebuald5 14]

I have the thought that in these days investing in cryptocurrencies is the best option now than any other place where you have to invest because now we can obtain more profits with cryptocurrencies.

[Vilson25 6]

Cryptocurrencies still suffer from the so-called "growth problems", but the fact that they have a great future is a fact. Not all of them.

[Dmitrij14 39]

In my opinion, cryptocurrency is the only currency that will be used in the future (of course, if they don't come up with something better).  Fiat money does not stand next to cryptocurrency.

[makcim4 1305]

 

Фиатные деньги более стабильны по курсу, но мне больше нравится криптовалюта. С сегодняшнего дня у него больше возможностей, более высокая скорость передачи, анонимность. Я думаю, что будущее принадлежит ей.

[Gheonea777 0]

Fiat currency is more stable then cryptocurrency that is more volatile so it has it's perks having both and having Fiat currency as a back up to sustain you're investments in more volatile cryptocurrency's out there.

[iwansh 13]

I do support both the systems because both of them have negative and positive sides. Example of cryptocurrency market are being controlled by the Whales, and downside of the government money is that anyone can create it even if it does not exist in the economy. We have credit cards which allow you to make money from thin air even if Bank do not have that money.