Fiat Money vs. Cryptocurrencies - Page 2 - Crypto World - CryptoTalk.Org Jump to content
starwill

Fiat Money vs. Cryptocurrencies

Recommended Posts

On 10/13/2019 at 1:42 PM, starwill said:

unlike fiat money that can basically be created from nowhere by banks, according to what they consider the economic needs of the nation.

Which in fact is a need and a burden to people. What you're talking about here is the concept of inflation. And the government does this for one sole purpose, and that is: to make people buy today and use their money instead of tomorrow, knowing that the purchasing power of their current funds would decrease.

 

Because in an economy with no inflation, the price would just increase, its purchasing power would increase and thus, people would hesitate to spend funds and instead just hoard, which could start disrupting the economy by halting trades of goods and services.

Share this post


Link to post
Share on other sites

Everything has his advantage, fiat currency cannot be replaced by cryptocurrencies in the future, no matter what happened, both of them have his own place to use, they are not the same in somethings 

Share this post


Link to post
Share on other sites
On 10/15/2019 at 11:46 PM, jak3 said:

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.

I agree. It has many advantages and disadvantages in both currency, but for me, I will not vote whether its fiat or cryptocurrency because they are both good in community who are using it.

Share this post


Link to post
Share on other sites
On 10/13/2019 at 3:11 AM, denaks said:

At the moment, cryptocurrencies are a tool for speculation. You can say anything, but in fact it really is. To understand this, you do not need to be a major specialist, just look at the charts of courses that show both UPS and downs.

Certainly groups of economic and financial power act in the market of cryptocurrencies, affecting the prices of purchase and sale. However, they do not manipulate the totality of operations and negotiation conditions of the cryptocurrencies. On the other hand, some businessmen see in cryptocurrencies the opportunity to invest, using them as a reserve of value instead of currencies such as the dollar

Share this post


Link to post
Share on other sites
On ‎10‎/‎13‎/‎2019 at 12:24 AM, 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 Government hates cryptocurrency because that would make them poor. If you get rid of fiat currency, they have to start all over again, and they don't want to do that. I'm sure all those politicians, Presidents, and other

Government officials have cash stashed in bank accounts over seas.

 

They would have to relearn how to deposit Bitcoin, they would have to learn the lingo, and they just don't want to do all that work. I don't think that they hate Bitcoin, but they do hate computers, so Bitcoin gets the short end of the stick. 

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites
On 10/24/2019 at 2:06 AM, sashimidore said:

Crypto and Fiat also have disadvantage.
Crypto is good if have decentralized. So no one can control it like adding more supply, deleting people address,  change balance, etc.
Different with Fiat, it have central bank.

Fiat money is important in our life as like crypto both are important. Crypto is the business and its a large business in the world and so many peoples will invest in it but as we see fiat money will use every where at any place but crypto will just use in same coin wallet not like fiat money.


YOUengine-cryptotalk.png.db30fb4f747ed3bbf33e640f1e09c2d2.png

Share this post


Link to post
Share on other sites

I think if we store the fiat money in our home then it will be very difficult for us if these amount is large amount of money and if we have alot of money and if we save it on bitcoin then it will be very easy to store it on the large amount of money.


SIGNATURE SPACE AVAILABLE FOR RENT 

 

Share this post


Link to post
Share on other sites

Cryptocurrency is an advantage for us because we can earn some money with it but I think there are some countries that you can't use it to buy goods, while fiat money can but the disadvantage of fiat money is it is a stable currency so you cannot earn money with it.

Share this post


Link to post
Share on other sites

Good article my friend.
Crypto has provided advantages that make it impose itself in the future, especially after the development of legal regulations that allow its wide circulation.
Cryptocurrencies follow the blockchain system which allows monitoring of all financial transactions, giving Crypto the opportunity to become the first choice for all countries.

Share this post


Link to post
Share on other sites

Cryptocurrency is controlled by popes, fiat money is controlled by central banks. So both currencies are equally controlled by the holders of control. Just how we can make the most of between cryptocurrency and fiat money.

Share this post


Link to post
Share on other sites
On 10/13/2019 at 2:11 PM, denaks said:

At the moment, cryptocurrencies are a tool for speculation. You can say anything, but in fact it really is. To understand this, you do not need to be a major specialist, just look at the charts of courses that show both UPS and downs.

Your opinion is good and I like your opinion.

Before you act further you need to understand the course graph that shows the UPS and falling prices so you can think about understanding further so you can choose and achieve what you want.

Share this post


Link to post
Share on other sites

Fiat money and cryptocurrencies are two different things. You use them differently. Fiat money is more acceptable than cryto because some countries probihited it.

Share this post


Link to post
Share on other sites

Crypto will be accept in the long run, when it got accepted it will be accepted wordwide, each of them has their difference but that wouldn't stop one another

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

Very informative post! Indeed Cryptocurrencies are not backed up by physical but have other advantages, namely a monetary system that is decentralized and gives everyone the freedom and transparency that is a problem in fiat.

Share this post


Link to post
Share on other sites
On 11/20/2019 at 7:53 AM, Digicoin said:

We can just say fiat is tradition while crypto is the future. We will move from tradition to future. That is why people knowing crypto are increasing everyday.

I agree, but they need to find a crypto currency with stable price so that we can use it as a currency that we can use to pay for what we bought. I don't have that much knowledge about crypto but maybe cryptocurrency is much better that fiat.

Share this post


Link to post
Share on other sites

Fiat money vs cryptocurrencies one is digital other no, but I think in the future they can complement, all this who are moved in the internet I means virtual to be shopped or payed with cryptocurrencies all other out internet will be paid only fiat.

Share this post


Link to post
Share on other sites

Fiat money reffers to physical 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.


[¶] If you like this post please tap on 💙 button.

[¶] I am working to educate street-childrens in my area. You can Donate for their educational materials: 

₿: 3JjY452XaoVfR6wFeZEp3htuj6TE3wq47z

ETH: 0x479eAf3d641819670526A001Fe667000d2F1b293

Share this post


Link to post
Share on other sites
2 minutes ago, Rifat773 said:

I have no idea about Fiat Money. I don't know it Let me know if any of you know. Cryptocurrency is a side that people can earn by working on it. People earn more by investing in it

The money we are using is Fiat currency and this is the accepted currency for all over the world. Yeah for this reason we all like crypto currency

Share this post


Link to post
Share on other sites
11 minutes ago, Warrior said:

The money we are using is Fiat currency and this is the accepted currency for all over the world. Yeah for this reason we all like crypto currency

That is because we still use fiat in all aspects, including to pay something in real life. While the cryptocurrency is not yet accepted in all countries, we could still use fiat money and wait for the time for the country to accept cryptocurrency. I am sure we can use both fiat money and cryptocurrency as the payment system. I am sure that people who have cryptocurrency will feel happy if they can use crypto for making a transaction, and they can use both in real life and online life. Right now, we can spreads more about cryptocurrency in our place so more people will know and use crypto.

Share this post


Link to post
Share on other sites

Yes the difference between fiat and cryptorency currencies is very different. crypto has a limit while fiat is money that is indeed needed for or often used in every country. crypto is digital while fiat is paper.

Share this post


Link to post
Share on other sites

The reason is the lack of socialization in the digital world about cryptocurrency and knowledge. About the digital world today.  A system that is difficult to understand for some lay people problems.  Social media. Only give negative news without thinking for the common good.  But their own interest is not for socialization it also prevents people from getting to know cryptocurrency but I am sure now.  Even though in the village as sepeyi, I only left bwrita and knowledge about cryptocurrect has started to enter and there are many enthusiasts.  this is good news for the world. cryo and us all in the future.

Share this post


Link to post
Share on other sites

In reality, of course, we still need fiat currency in our lives because not all the time, cryptocurrency, y or digital money can function adequately, so in case fiat or physical money is in need of the transaction and paying bills. But for me, if possible, cryptocurrency will become the future of currency in the world, and based cryptocurrency projects can be invented and help people's lives. So if I to choose fiat or cryptocurrency? Well, it depends on the currenct time and situation.

Share this post


Link to post
Share on other sites

We cannot compare this both currency. As we know fiat money are controlled and depend on government of a country.On the other hand crypto currency are depends on fiat money.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...