Fiat Money vs. Cryptocurrencies

[Captain Karim 0]

It is a useful article, I prefer to keep cryptocurrencies instead of fiat currencies, now is the era of cryptocurrencies and this industry will go up to the top.

[Sumayya 493]

21 hours ago, Majesti said:

Crypto and Fiat currency mutually encompass recompense and disadvantages but crypto has one extra thrust that it's disadvantages container be controlled over time like the instability it has at this time would be on sale with the humanity adoption, dishonest activities can be concentrated with the regulations.
 

They have advantages and disadvantages, they are like the same but have some difference in the ways they work.

[Nab 263]

we could say that fiat money has a better profits because it does not depreciate so easily, the cryptocurrencies sometimes depreciate a lot due to several factors such as economic and political, the bitcoin is a currency that has had several movements lately.

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[Mr.Bit 212]

Thank you for sharing this information but I really love the crypto currency than the fiat currency because crypto currency is more convenient than the fiat currency we are using right now.

[khan22 3478]

On 12/15/2019 at 6:48 AM, Ardian1206 said:

For this period of time cryptocurrency is still in the process of progressing to its progress and even later it will happen that this innovation cannot be rejected and replaces fiat as an ancient currency many people have argued like this.

Crypto market is not touch its high still because from long time crypto market is going to be down and  still it is on low position because still this is a child and i hope this time the market will make  great high and peoples will forget the last high of the market.

[Mukty112 68]

Fiat money are stable coin and control it so if anyone stole it we can trace it and if crypto are stole then we can't trace it or back it .

[NIVLEM 172]

I choose crypto currency against fiat money because when in terms in making transaction its faster and private. Addition to this crypto currency can be received anywhere in the world.

[BitMart 326]

Currently its one of biggest debate that which is better mean fiat or crypto because both have own advantages and disadvantages but we are sure both will exist for long time because crypto cannot replace fiat in many ways and fiat cannot stop crypto for spreading as new technology is already doing great things creating new jobs and opportunities so this cool war will be on for many years.

[Elis Raph 67]

Fiat money can not be compared to crypto currency, because crypto has gained so much grounds all over the world than fait money. And most people use crypto more than fait money.

[MysteriousIdentity 150]

On 10/13/2019 at 1:42 PM, 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.

Being irreversible is one of the disadvantage of crypto currencies because if you mistakenly sent your money to a wrong address then it be lost or burned. 

 

Even if you are sending billions of dollars, you won't be able to get back your money again. And we are only human which are full of mistakes.  

[Well Played 77]

Both are good. Fiat is good to use as a payment because it has stable price and less risks.

Cryptocurrency is good for investing it is because of volitality,which we can earn profit from it even in a short term only. 

[Sumayya 493]

10 hours ago, MysteriousIdentity said:

Being irreversible is one of the disadvantage of crypto currencies because if you mistakenly sent your money to a wrong address then it be lost or burned. 

 

Even if you are sending billions of dollars, you won't be able to get back your money again. And we are only human which are full of mistakes.  

Yes that makes it not possible to have a return that could really be one of the major disadvantage of blockchain.

[Eminoko 15]

They are both good. But cryptocurrencies  are better because fist is not lime them. Cryptocurrencies  are valuable currencies like assets. 

[Syedbesharat 5423]

On 10/13/2019 at 12:24 PM, Saoha said:

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 finance.

The crypto is popular because people are tired from taxes of government they need some pace for this economic recession  period .Their business are heavy bombared by taxes.

[Ali_hmwi 966]

On 10/13/2019 at 8:42 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.

cryptocorancy is just for all i think the social of crypto all one and try to be more helpful to each othere crypto better than the fiat money for this give more good thing between people...

[BTC Future 3946]

Cryptocurrencies besides Bitcoin are mostly run by small teams that are trying to just make profits by offering similar products that are actually clones of Bitcoin. There are a few exceptions but most cases are identical and can't be actually trusted with the products they have. Some don't even have a product and just fundraise for future development and ideas they might have. This is not something I want to invest in. I'm sticking with Bitcoin and Ethereum and will only gamble a few satoshi's in the rest in order to speculate.

[Post Malone's 33]

Fiat money is a physical miney while cryptocurrency is a digital money. Bot are good but as an investment cryptocurrency is more good to use than fiat money because  its price has a volitle,which we can earn profit from it anytime if the price rise.

[Francisco Cabarico 48]

excellent post bro, I can also add that the number of people who use cryptocurrencies is increasing more and more, so maybe in a few years their use will have already been globalized.

[Sayma11 16]

I completely agree with you, I think there is some difference between cryptocurrency and fiat currency.  But cryptocurrency will never affect the fiat currency, as it is a completely different currency that is independent.  It does not control the government or the banks.  But many countries do not legalize cryptocurrency.

[Jessica Karren 1242]

Both currencies have their own advantages and limitations. But Fiat money is much more stable and recognized by the whole world and people have trust on it on the other hand cryptocurrency is not that much stable and trustless.

[lifelline1262 15]

Cryptocurrency and fiat Currency work together and we all need them both for the development of cryptocurrency

[Badhon420 126]

The converter should have basically no equivalence or possibly competition, as simultaneously legally represent finances, Bitcoin should have a fabulous appeal for UNITED STATES DOLLAR, POUNDS, a few, any time this approach draws to a close with the information might ın contrast? Certainly, it's possible to use your old watches.

[Khalid Khan 24]

In fact the fiat money and thr crypto currencies are both similar. In my view they both are best for doing business as they share in place of money and these currencies are not physical actually they are digital currencies and the fiat currency is legalised and the crypto is not legalised thats the main draw back.

[Jmax555 6]

On 10/13/2019 at 1:28 PM, denaks said:

The government and Central banks control the money, but no one controls or regulates cryptocurrencies. This means that anyone can trade a currency and do what they want with it. They can even decide their own value when they buy it.

Yeah no one can't control crypto-currency and crypto currency price all time up and down but fiat money never down or up.that's why we can make money by use cryptocurrency.so, i think crypto-currency is best. 

[lifelline1262 15]

4 hours ago, nur008 said:

Between fiat money and cryptcurrencies are actually the same currency. Only if fiat money is shaped and issued by the government, while for crytpcurrency is a digital currency that is not shaped and not issued by the government.

Cryptocurrency is better to be trade than fiat currency, I don't used it unless I want to use something they require the used of fiat currency