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Fiat Money vs. Cryptocurrencies

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crypto foreign currencies i favor along with fiat bucks, considering crypto fx can offer alot more health benefits and even net income along with fiat bucks, so that i might like the crypto foreign currencies, and even as i mum tender the application.

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8 hours ago, Beast said:

Both of them I need it, both crypto and fiat. Crypto in my country cannot be used as a means of payment, so far I have used fiat for various purposes, such as paying bills, buying food and others. Whereas I use crypto to invest and trade to get profits.

but wouldn't the benefits you get from crypto be withdraw into fiat money that you use in your daily life. meaning that you are indirectly already using crypto to fulfill your life. only you need to convert crypto into fiat money through an exchanger.

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Once cryptocurrency will legalize in the future I can say that flat money is more convenient now. The problem is that the government wants to centralized cryptocurrency to put a tax on it. The advantage of cryptocurrency for me was the value of it may increase in future years.

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10 hours ago, guatazoo said:

But in the future when there ha been more payment options with bitcoin, FIAT will be replaced. But then we will still need dollar to determine the price of Bitcoin.

Edited 9 hours ago by guatazoo

well, other than as payment directly or offline, the dollar is a determinant of the value of crypto itself. just imagine if there is no estimate from the crypto, will crypto still be valuable? so, fiat will continue to be used and it is an important element for the country.

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Remember that çFiat fights against gold, precious metal, etc. also against the dollar fight each currency depends on the country. In others words there is a Fiat vs Fiat war, if your start there you begin to understand how difficult it is to put cryptocurrencies to fight face to face against any traditional currency of the most used, euros, dollars Yens, etc.

The real fight is theri approval by the governments so that it is allowed as an additional currency to make legal Exchanges.


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13 hours ago, jore1 said:

Cryptocurrencies and fiat money will always grow together. And I think cryptocurrencies will be equivalent to fiat in terms of both value and safety in the future.

well crypto will definitely be growing over time but when it comes to fiat i think pretty soon people will realize they are holding a paper that continuously losing value over time and they will turn to crypto instead.

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On 12/18/2019 at 5:24 AM, jore1 said:

yes it is the situation in my country every year i see it depreciates by the day it is no longer valid every year and that is ominous.

yea same thing is happening in my country because our politicians keep making the wrong decisions and we get punished for holding our fiat money while it lose value, which is why i always buy bitcoin the min i receive my salary.

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16 hours ago, jore1 said:

I convert my fiat to USD or use it for buying coins and I think I will do it in a few years until the situation gets better.

to me it doesnt matter if the situation gets better or worse i will always keep my money in bitcoin even  if the bitcoin price started to dump to 3k again, because you can always earn your losses back and even make more money.

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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.

Countries still do not have clear regulations restricting, regulating, or banning digital currency. The decentralized and anonymous nature of bitcoin challenges many governments on how to allow legal use while preventing criminal transactions. Most countries are still analyzing ways to properly organize the digital currency.

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On 17.12.2019 at 15:59, Kabbo said:

We shouldn't compare the two currency because many people like both of the currency. Cryptocurrency has not become popular like fiat currency yet. So we should make more demands of bitcoin and cryptocurrency.

What can you suggest how to improve cryptocurrency and bitcoin? now this is one of the best systems, including in terms of anonymity, better than now, I think, it will be difficult to come up with.

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Cryptocurrencies are becoming a global phenomenon amidst talk that they could replace fiat currencies in the near future. Cryptocurrencies adoption continues to gain momentum in part because of the world’s progression towards a cashless society.

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3 minutes ago, Jonayeed said:

I think Fiat money (or fiat currency) is currency that a government has declared to be legal tender. Cryptocurrency is not legal tender and not backed by a government

Yes it is not backed by the government but also it can  not be touched by the government, that is why government have left with only one choice, to regulate it.

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From both of these i like crypto. Because i have all knowledge and trading skills of crypto. Fiat is also good but i do not have any experience about Fiat. In Fiat market we can earn profit on daily basis if we have trading skills but in crypto we can earn more than crypto when bull run come. 

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39 minutes ago, Imran jameel said:

From both of these i like crypto. Because i have all knowledge and trading skills of crypto. Fiat is also good but i do not have any experience about Fiat. In Fiat market we can earn profit on daily basis if we have trading skills but in crypto we can earn more than crypto when bull run come. 

Fiat Money is also work like as crypto and we can also trade inFiat market with bitcoin.Crypto market is decentralized platform .in crypto there are too many coin in which we can trade.

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On 10/13/2019 at 6:42 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.

The important thing to not about fiat currency is that individuals don't have illegal right to print fiat currency it's only controlled by the government, is not like cryptocurrency project that anybody can just start to develop it's own project without any obstacles. 

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both are good from those site if want to store money without taking risk you can use flat currency and if you have knowledge you can work crypto

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Fiat money means that paper money and cryptourrencies means online money. There is a lot of problems with fiat money. We need extra space to hold this money and it's transaction not safe. On the otherside crypto don't need any space to carry. And it's transaction safe and secure.


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Crypto currency used more then other paper currency at high level the crypto currency is considered more secure in the case of other currency. In this way the most peoples used and store crypto currency for long term benefits and main feature of crypto currency is transfer every country without paying custom fee and other charges.

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I am using both currencies .  Both currencies is necessary for me. We should choose the cryptocurrency first. Fiat money now become useless because of cryptocurrency. Fiat currency now most uses in real life.

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Fiat money (or fiat currency) is currency that a government has declared to be legal tender. Cryptocurrency is not legal tender and not backed by a government. Fiat roughly means, “let it be done.” Cryptocurrency implies, “a decentralized and digital medium of exchange governed by cryptography.”

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