Fiat Money vs. Cryptocurrencies

[Jaafar Fahad Hassan 114]

18 hours ago, muniral4422 said:

The crypto market may be smaller but there are lots of market capitalization in it now. Even though it is not as large as forex market. It is still worth trading and you are guaranteed to make profits if you are doing the right thing 

That's indeed true, it may not be as vast and broad as the forex market but is is very easy to invest in and to trade than the forex, or is it because am more familiar with cryptocurrency than forex, ? Any way it is also a very good way to make profit if someone follow the right step

[khan22 3478]

Crypto is the best than the fiat money becasue most of the peoples will invest their money in the property and in gold and they make low profit but some peoples those invest their money in the crypto market make good money becasue any time the coins go to high and they make almost 1000$ of dollars with a small investment

[mzk7736 1592]

Crypto have more advantage of not having to carry and not paying enormous amount as transfer fees to any governing body. Fiat currencies are popular due to countries backing them.

[Goyaa 2414]

We see that cryptocurrency is more volatile due to decentralization, which no one can control. To increase the supply of cryptocurrency there is mining and a limited amount. If fiat is centralized, there are parties that regulate how much money will be printed and can print whatever they want, but if there is too much inflation, which regulates the central bank.

[Teminali69 1081]

8 hours ago, mzk7736 said:

Crypto have more advantage of not having to carry and not paying enormous amount as transfer fees to any governing body. Fiat currencies are popular due to countries backing them.

But if you think about it, fiat currencies are popular and used within one/few countries while cryptocurrencies are popular and used in worldwide level.

Edited November 14, 2020 by Teminali69

[KpymounapeHb 33]

We all know that fiat is more safe. But I like cryptocurrencies, because we can hold and send them anywhere anonymous. I am using Payeer wallet and Yobit. because they dont ask us to pass KYC. 

Now, I am holding 80% of my money in fiat and 20% in crypto.

[Rosarvx 965]

the most important one is that fiat currencies are controlled by banks, the price will rise and fall and it's disadvantage is having fear of being scammed

[matias estigarribia 1605]

In my opinion cryptocurrencies are going to make the future of the world economy, it has many advantages compared to fiat money. Hopefully one day the coins will be accepted by all businesses around the world.

[Smallingcane012 344]

Fiate money vs crypto currency there working hand to hand they cannot be separated because they play a paramount roles together.

[Majd Raslan 5 549]

The exchange of cryptocurrencies with paper is not difficult, but recognition of its legitimacy by countries is difficult. Countries with strong paper currencies do not want equal with other currencies in the event of Bitcoin legislation, the largest of it will be divided into the hands of powerful countries

[Mir Hamza 2888]

3 minutes ago, Muhammad Saleem said:

I think fiat money is better because it is more secure as compared to crypto. But in case of trading, crypto can give you much profit. If the currencies are not secured then profit does not make sense. Most of the crypto forums are full of scammers. So, always choose legitimate platforms for such purposes.

@Muhammad Saleem

I think Cryptocurrencies is much better than fiat money. But as you talked about why real money is more secure than currency. You my friend crypto currency is as secure as we can keep it secure, it waits on us how secure we can keep our cryptocurrency. But as you have spoken, there are many people who are trying to scam all the time. So we need to avoid scammers and do not believe their words at all. And you have to believe that cryptocurrency can give us a lot of benefits in a short time whereas real money cannot give us much benefit in a short time. 

[Ab.Waheed 978]

We know that cryptocurrency is useful . We don't agree with all the powerful impacts of it . It gives profit . But it is not a accepted in many country because it have its negitive impact on currency . Bitecoin is a cryptocurrency form it is more use in these days . It is valuable  

[KHALED ADWANI 1216]

The effect of fluctuations in the cryptocurrency market can be considered a positive factor for it because you can profit from these fluctuations in a large and continuous manner.

Changes in price do not stop and differ every day between ups and downs, which is what makes it the preferred place for risk lovers

[Izeal 4404]

I think both are important and I wont say the particular fiat currency or cryptocurrency are important because I dont think the cryptocurrencies will only capture the future payment they will be the option of the payment and people who are uneducated and the places where the scammers are active will never use cryptocurrency rather they use old traditional system.

[Biojay 2080]

Fiat money as we all know is the money that can be physically seen and we can touch, fiat money is what we use in buying things in our various countries and it is acceptable to all countries while cryptocurrencies are digital currency that are used mainly for online payment and are not accepted by almost 98% countries in the world. @Mubarak Salihu Ahmed

[Mubarak Salihu Ahmed 1350]

This are different currencies,fiat money are the most acceptable and recognized currency all over the world.why cryptocurrencies are digital money that are used online for payment and other transactions.both are very important and can be used for selling and purchasing 

[Msh9 84]

An important topic, my friend, this topic may happen at the end of the year or after that, because the cryptocurrency is getting great popularity and has developed greatly among the countries of the world

[betelihem 4766]

On 12/3/2020 at 12:32 PM, Smallingcane012 said:

Fiate money vs crypto currency there working hand to hand they cannot be separated because they play a paramount roles together.

You are right we can't compare cryptocurrency and fiat money, because cryptocurrency values are determined by fiat currency, we can't replace one with other, 1$ is fiat currency and cryptocurrency have a values that are determined by fiat like 1$ worth of bitcoin or 2$ worth of litecoin.

[Ryken8 545]

Fiat currency is highly inflated due to overprinting of bills by government. This is causing the currency to devalue and it is just a matter of time before the bubble burst. During these times, a lot of peaple and even big companies are going to crypto investment as a safe haven to preserve the value of their current assets.

[ABIR21 426]

Fiat money and cryptocurrency both are valueable. If we look at bitcoin,  we see  big bang. Because it is 23500$. Cryptocurrency affect national currency and it has no rules and regulations.  For this reasons, many government banned it.  

[Antonio Mendoza 173]

The digital coins are better, however we need to change the system to accept this coin in whole world, this mean education in the school and the street, I believe that the time help to the people to understand this technology, when the government try to control everything and the people try to find a better way to send and save the money this will be a revolution.

[Abuhassan 89]

Despite that crypto currency has not be universally accepted it productivity keeps on increasing .There are huge difference between Fiat currency and crypto currency though there are very little similarities between them.

[David84 1191]

It is quite an interesting comparison and I actually think that crypto currency and fiat money complete each other and not against each other. We need both of them in our daily life , crypto has so many characteristics that if you have to send money to your family or beloved ones it is much easier to deal with it than it is with fiat money.

[Ameralsamt 2558]

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. 

[scofield64 943]

Both fiat currency and cryptocurrencies are of good advantage and they work together. Cryptocurrencies is a decentralized currency and can't be controlled by any individuals while fiat currency is centralized and can be controlled by government.