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Fiat Currency

Fiat Currency
After the world moved to the use of paper money, we have seen so much of them because every independent country have its own currency. The general name used to refer to all these currency is know as Fiat Currency. We have Dollars, Euros, Pounds, Yen, Naira etc.

Pros
  • Generally acceptable in the country
  • Traded in other countries

Cons
  • Government controls fiat currency
  • Taxes
  • Issue of counterfeits
  • Devaluation problems

Supporters

Anonymous

More suitable choice

Cryptocurrency are not that bad But I still prefer fiat currency for the reason that it's the universal way of trading things and it support all the products you want to buy unlike crypto which you need to convert for a real money before you can use it.
Posted by Anonymous on 08-07-2018
Anonymous

No to invisible money

I would prefer Fiat currency than Cryptocurrency. I was once or even twice been tricked by one of the scammers that needs investment saying that it'll make my money grow without me doing anything. I know I should not blame anyone for my own decision to invest, but with that invisible money, you have all the chances that one day it'll be gone and you don't know where to find it. It's kinda terrying to know that some people take advantage of some people's trust. That is why I prefer Fiat currency, at least I get ahold of my own real money.
Posted by Anonymous on 08-14-2018
Anonymous

physical money

I would prefer fiat money than cryptocurrency because there are a lot of scams all throughout the internet. Some might say that your money will grow, you just have to invest this certain amount then after a few days it will double up. I am not saying that all sites are scam, but I've experienced enough for that. At least with fiat money I could hold it, keep it and hide it from people who wants to steal it. With my experience, I don't think cryptocurrency is safe and secure anymore.
Posted by Anonymous on 08-14-2018
kingcool52

Fiat

I'm not sure why anyone would even want to think about using cryptocurrency. It is just way too volatile and not great for anyone that doesn't want to take a massive risk and has the money to lose. Fiat currency will be with us for a very long time.
Posted by kingcool52 on 08-10-2018
overcast

Fiat is REAL

Cryptocurrency is not being recognized by the company. And that means fiat seems to be standing longer than what it is meant there. You can see that cryptocurrency seems to be having smaller footprint these days. And we have to understand that things need to be changed in that case. So fiat cryptocurrency battle is short term there.
Posted by overcast on 08-04-2018
Barida

Still the best

I would have to say that crypto is the best when we are talking about making investments that will generate a whole lot of income to us. However, the thing is the issue of it not being acceptable in many parts of the world is one thing that made me pick fiat money as it is easier to use when making transactions.
Posted by Barida on 08-03-2018
Martin
I support you my friend. Crypto currency is definitely our future transactional needs. I however think that there are numrous inroads to be made for the currency to truly be worthy in all areas.
Martinsx

Better for now

Cryptocurrency is still gaining popularity and is still not accepted and recognized all over the world, so it would be very hard for it to take over fiat currency at the moment but once it can gain the acceptance of all countries and their government, then it can easily be picked over Fiat currency by me.
Posted by Martinsx on 08-06-2018
Martin
How will our world look in the next several years if all that you have to do is transfer a few bits of crypto when you go to purchase anything. I cannot wait to see such a globe.
Kakashi2020

Fiat is the best

Although cryptocurrencies are making waves nowadays, Fiat Currency is still the main currency being used by most vendors and businesses. Although we all know that in the distant future Cryptocurrencies will eventually takeover. For now I'm voting for Fiat because it's the mainstream currency being used.
Posted by Kakashi2020 on 08-03-2018
Vinsanity

Real over virtual

Fiat currency is where our wealth should be invested rather than in cryptocurrency. Bitcoins for example. Bitcoins value cannot be controlled. It changes over time and there is a possibility that a bitcoin would only worth a penny. Investing ones money to bitcoins is quite risku unlike in fiat currency which is a bit better than cryptocurrency I think. I would go to traditional way of investing one's wealth, in fiat currency rather than cryptocurrency.
Posted by Vinsanity on 09-09-2018
MomoStarr16

This one

The safer is better. More established than any kind of currency.
Posted by MomoStarr16 on 08-04-2018
EfficientNinja

Less Volatile

Cryptocurrency cannot be used to buy stuff here in my country. It is also too volatile and for me, you should only own cryptocurrency if you are trading or investing in them. It is still not viable to use them for daily shopping.
Posted by EfficientNinja on 08-22-2018
amelia88

More stable

I think cryptocurrency will become more and more popular, but right now my vote is with Fiat currency. I just know how it's used more and I feel more confident with it than I do with cryptocurrency.
Posted by amelia88 on 08-03-2018
jaybee19

Stability and Visibility

Stability because even though Cryptocurrency has a lot of potential, it's still unstable as of the moment and I've seen a lot of articles about how some investors lost their money because cryptocurrency's value went down.

Visibility because even though I'm earning some bitcoin and other cryptos as of the moment, I'm still comfortable with Fiat currency because I can see it and I can hold it with my own hands, raising my confidence about it.

Posted by jaybee19 on 10-10-2018
MittensFX

The world works based on this currency

Cryptocurrency is good for online trading,buying and selling for real money and other things you can buy off the net.I personally do not use cryptocurrency and I think sooner or later it will die.
Posted by MittensFX on 08-22-2018
mark86

Best choice

I would choose this currency because this is what am used to ever since. I have no knowledge about the other one.
Posted by mark86 on 09-04-2018
Martin

I choose Fiat for now

Until crypto has evolved to be accepted across a majority of the platforms Fiat holds more value. This is important in countries like mine where a lot of things are still manual and hence trading is via fiat. I am however still optimistic that crypto can be the future currency.
Posted by Martin on 08-03-2018
superlicca

Legal tender

Fiat currency is a medium of payment recognized by law. This is what we use for everyday living. Honestly, I don't encourage anyone to use cryptocurrency. I don't also think that this is good as an investment. Fiat currency is more reliable and useful in any way. I have heard a lot of Cryptocurrencies scam news.
Posted by superlicca on 09-01-2018
blackmist

more secure

I find choose fiat currency cause its more secure than the crypto currency. And also it's easy to spend fiat than crypto where in you need to convert it before you can use for buying something. I find some site where in you can exchange crypto with other products but I find fiat more convenient to use.
Posted by blackmist on 08-07-2018
neillios

I want what I can touch!

Call me old fashioned but i love money that I can hold. Cyrptocurrency right now is such an unsure thing, one minute it's there, and the other it's gone. For now I'll choose real money over crypto money.
Posted by neillios on 08-05-2018
ajahcuizon

Less Scam

I would like fiat money than cryptocurrency because there are a lot of scams out there that we're not certain if we should go and invest to them. Also with fiat money, I could hold and keep it, unlike cryptocurrency, I'm not sure if it is real. I could also use fiat money to do trading, its a good way of investing too. We should not be much confident in the internet, we do not know who are those people behind of all the scams roaming across the internet now a days. Always think your next move.
Posted by ajahcuizon on 08-14-2018
stbrians

Flat Currency Are Here To Stay

Flat currency has passed the test of time. It is unlike cryptocurrency which goes high and low depending on the manipulation of the gurus and blockchain.
Posted by stbrians on 08-15-2018
Zelmontero

YES!!! TO PHYSICAL

I also used cryptocurrency. I see the benefits of it but I think using it have more risky than fiat currency. Cryptocurrency is so prone to hackers. There are so many unprotected site in the internet. This is the reason why I favor using fiat money. Physical money is more secure than cryptocurrency. It is always available compare to cryptocurrency where you need an internet to access. I vote for the currency that have more availability and safety and that is fiat currency for me.
Posted by Zelmontero on 08-22-2018
anchoreztin

Trust Issues

As of now, I will choose FIAT currency than that of cryptocurrency due to trust issues. Cryptocurrency is so volatile and very easy to manipulate. Anybody who is good at programming, information technology can easily manipulate cryptocurrency. Once your money is gone, they could easily get away with it by saying that there are glitches in the system. Also, I dont trust funds that is not acknowleged by the government itself. In our country, the government doesn't encourage to invest all your money in cryptocurrency. Also cryptocurrency as a savings is not insured unlike fiat money in banks. Investing cryptocurrence is very very risky and I cant afford to loose money in a very new kind of currency.
Posted by anchoreztin on 08-21-2018
jeffreyjose48

Paper money

I vote for fiat currency. Cryptocurrency is so unpredictable in its value. Fiat currency is good because of its visibility. Its very common or universally used.
Posted by jeffreyjose48 on 09-04-2018
kinja90

Support globally

For now, I choose Fiat currency. It's convenient and more easier. Government supports and it's also global. You can just convert it to the currency on a country that you're currently in. The downside of CrypoCurrency is that is limited. Not all online shops supports this one. Maybe in the future, if all online or offline shops will accept Crypto Currency, then that's the time I'll prefer it.
Posted by kinja90 on 09-12-2018
Gilgamesh

Taxable but reliable

We must choose fiat currency because even though its value changes overtime we can still rest assured that our money will remain to usand cannot be steal by others without a chance of taking it back. Everything have darkside but I would rather chopse the fiat currency regarding into the pros and cons because I assured that my money won't get lost.
Posted by Gilgamesh on 09-14-2018
bee.rthooyah

paper assets

Its traditional and conventional, its very appealing to touch and smell and having this thing in your pocket somewhat gives me confidence.
Posted by bee.rthooyah on 09-18-2018
jpk0007

My choice will be Fiat currency

Cryptocurrency , although very popular and much talked about is still a very risky proposition, at least for me. I will always go for the safest option of Fiat money. The use of cryptocurremcies has been banned in many countries but still the amount of buzz and interest it has created is sometimes mind boggling. But I am always skeptical with something which becomes popular in a very short span of time. When it comes to money i do believe that it is better to be safe than sorry.
Posted by jpk0007 on 10-11-2018
theresajane

I choose this.

Fiat Currency has been existing for a very long time while cryptocurrency has existed recently. As of now, since the other one is not yet stable and is not yet the choice of the majority of the world's population, I would still choose the old and basic form of currency. I think it would take decades for cryptocurrencies to be well-established, if that happens, I would think twice. But, for now, I am with Fiat Currency.
Posted by theresajane on 10-10-2018
thejoyrevolution

Give me my dollar

Fiat currency is is easily available and easily accepted by everyone. In some countries cryptocurrency are not yet accepted and not yet known by older generations. I also don’t like the feeling of not having a physical form of money. Cryptocurrencies are easily subjected to cahange. You will have uncertainty because it maybe hacked out maybe there will be a glitch and you might lose you’re money. Call me old school but I still want my money paper.
Posted by thejoyrevolution on 10-17-2018

9%

Cryptocurrency

Cryptocurrency
Technology has been on the front row of making life better and since the world progressed closer to being digital, in 2009 the first digital currency blockchain was launched and its called Bitcoin. Soon after launching Bitcoin in 2009, other cryptocurrency followed suit. Some of them are Ripples, Litecoin, Etherum, Dash, Zcash, Monero, Bitcoin Cash, Steller, Binance Coin etc. These cryptocurrency are very serious business investment for one who knows how to trade them.

Pros
  • Government doesn't control cryptocurrency.
  • It's not subjected to taxes or central banks influence.
  • It's a very good investment.
  • It offers anonymity to the owner when used in transaction.

Cons
  • All cryptocurrency are volatile.
  • Issue of hackers.
  • When hacked, it can't be recovered.
  • Illegal deals with the use of cryptocurrency for the benefit of its anonymity.

Supporters

Anonymous

Crypto Is Path to Freedom

Banking system and fiat with is mega corrupted and certain banks have right to print money as they want, how rigged system is that? Anyone can create a crypto though and start adding value to that. Plus there is the whole privacy thing - anyone can open bitcoin wallet, but not everyone can open bank account
Posted by Anonymous on 08-17-2018
Anonymous

Crypto

We are now in a digital generation, so this change is acceptable. I prefer the use of cyptocurrency as there are no taxes for it. Regarding the problem with the hackers, well, life happens. Money can also be counterfeit.
Posted by Anonymous on 09-02-2018
cmoneyspinner

Cryptocurrency had my vote of confidence!

I am in favor of cryptocurrency. I think of it as the new real Monopoly money that you'll one day to be able to buy real property with. As for the PROs, they will probably go away in the future. As for the CONs. This is how I see it!

All cryptocurrency are volatile.

  • All currencies fluctuate.
Issue of hackers.

  • Issue of counterfeiters.
When hacked, it can't be recovered.

  • America survived a financial/banking crisis more than once. That's life!
Illegal deals with the use of cryptocurrency for the benefit of its anonymity.

  • Uuuhhh … money laundering is no different just because it's in digital form.
I see a future where both forms of currency - Fiat and Crypto - live side by side in the world of finance.

Posted by cmoneyspinner on 08-03-2018

Comments

vinaya
paper money has lost its significance. Future is cryptocurrency. Since we are doing everything digitally, we need digital currency. You can by a newspaper from the newsstand with fiat money, however, you need do digital transaction of you are sending money to other people or buying online. Online buying and online transfer are happening so often.
Posted by vinaya on 08-03-2018
Martinsx
At the moment, I really don't think that paper money has lost its importance or significance or value up to 50%. It's still very much useful as ever but I completely agree with you when you say that cryptocurrency is the way in the future. But at the moment, I'm absolutely certain that fiat currency is still above cryptocurrency. A currency that is not yet accepted by 80% of the world still have a long way to go before its recognized.
Posted by Martinsx on 08-05-2018
vinaya
when I said paper money has lost its significance I meant people are no longer carry a wad of bank notes, they are using plastic money (cards), online payment processors, even crypto currency. Well you need cash to buy a newspapers from the street vendor, however, when you are shopping online or in a store, you will be using cards.
Posted by vinaya on 08-16-2018
MomoStarr16
It will only takes place I think in the far future and not this near. It needs more time before it became established and secured. Paper money is the best for me until now.
Posted by MomoStarr16 on 08-07-2018
Martinsx
With the way cryptocurrency is still volatile and the government of most countries where cryptocurrency isn't accepted as well as all the attacks cryptocurrency is still witnessing till today, I'm going to stick with fiat currency until a lot of things stars going well for cryptocurrency. And once there is a major breakthrough and acceptance in the use of cryptocurrency in 80% of the world, then my stance will automatically switch to cryptocurrency.
Posted by Martinsx on 08-04-2018
vinaya
we are still far from using cryptocurrency just like the fiat money, however, I see a great future for cryptocurrency. First of all, the transfer of digital money is immediate. Whether you want to transfer for the purchase you have made or want to send to other people, whether you want to receive your selling fee or money you made from your jobs, crypto currency transfer within the snap of a finger. Secondly, the transfer charge is low.
Posted by vinaya on 08-04-2018
lovely
fiat currency for me for now because cryptocurrency is still not accepted in my country and it becomes difficult to do much with it apart from using it online which is still limited to me.Fiat cureency is accepted in almost all vountries and it stability rate is high unlike cryptocurrency.
Posted by lovely on 08-04-2018
Martinsx
This is exactly the reason why most people are in favor of Fiat Currency at the moment because it's the only currency that is generally accepted in a country and outside the country. Cryptocurrency is good, there is no denying that but the problem is that it's not accepted and recognized all over the world.
Posted by Martinsx on 08-07-2018
lovely
yea,sometimes I wish it was accepted every where and less volatile too,so that it can be used without restrictions and limitations though regulated by the government. it can only get better as a currency adopted by a country.
Posted by lovely on 08-07-2018
Martinsx
It's going to be a good thing to have cryptocurrencies generally accepted all over the world, it's definitely going to make things easier for everyone but there is going to be the problem of dealing with the volatile nature of cryptocurrencies. A currency that is not stale is going to bring about unstable economy.
Posted by Martinsx on 08-08-2018
vinaya
You have a point. Crypto currency will bring financial freedom because you can mine crypto currency. However, crypto currency will also bring financial anarchy because the value is always fluctuating. When it goes down, you are going to suffer the loss.
Posted by vinaya on 08-27-2018
overcast
I think cryptocurrencies are collpasing because the conversion from crypto to fiat has reduced lately. And that has reduced the price of the bitcoin too. So that goes to show that people are going to have issues with the conversion in due process. I think for that reason alone it'd be reasonable to say that fiat currencies seems to have lost it's space. That's what I have seen so far.
Posted by overcast on 08-05-2018
vinaya
I don't know much about crypto currency market however, I think the future is crypto currency. papwer money lost its market hold when plastic money (cards) were introduced. Now after the launch of digital money, paper money is once again being pushed down. I do not see each of the crypto currency being used in a way that we use fiat money, however, some currency like botcoin, ethereum will take the center stage soon
Posted by vinaya on 08-06-2018
overcast
Crypto are meant for the destruction of fiat currency. And our everyday life is based on fiat. So crypto is not always good enough. People have to understand that as a fact. And you have to learn from that experience there. I have seen some fiat based crypto which may come out. But overall I think it's not much of a solution there. That's something I have learned for sure.
Posted by overcast on 08-25-2018
vinaya
Plastic money (cards) were introduced to make our society cashless, however, plastic money did not completely replace fiat money. Therefore, I don't think cryptocurrency will destroy fiat currency.Having multiple options for currency is always good for the consumer.
Posted by vinaya on 08-28-2018
overcast
I think to some extent the digital and the plastic money can work out. But I am thinking in terms of the serious issues. it'd be harder to find the real money like say that is free from the issues of the security and some of the adjustment. So if we can handle that then surely it'd be good enough to work around. But then again that does work out just fine.
Posted by overcast on 09-02-2018
vinaya
Fiat money will never be replaced with plastic money or crypto money, however, use of fiat money is decreasing day by day. Just three years ago, I used walk out with a stack of currency notes when ever I had to shot. These days, I use card payment and I do not have to worry about the money I am carrying. I also shop online and I don't need fiat money, I use paypal and crypto.
Posted by vinaya on 09-02-2018
overcast
Yes. India and US has decided to ban the crypto. And that makes it a bit harder for the crypto currency to get back into circulation. And it won't be used as regular either. And also all those bitcoin being future is now crushed. So surely I think govt retained control on the cryptocurrency.
Posted by overcast on 09-14-2018
Martinsx
You have a very good point about the complexity and issue with cryptocurrencies conversion to fiat currency in the digital currency exchange market. Things actually got out of hand ever since the turn of 2018 with the price of cryptocurrency being so unstable but recently, everything is settling down bit by bit. So, it's most likely going to get better in the next few months.
Posted by Martinsx on 08-09-2018
vinaya
When I began using bitcoin, there were not many merchants and companies accepting bitcoins. However, these days you can find a lot of companies and merchants using bitcoins. IN the beginning, I used to convert bitcoins to cash and fund my payment processor or cards to make purchase. However, these days I can direcly use bitcoins. These days you do not find merchants and companies using crypto other than bitcoins. Therefore, you have to exchange. Soon time will come and you don't have to do that.
Posted by vinaya on 08-29-2018
Kakashi2020
I think Fiat is still the way to go because it's backed up by gold deposits unlike cryptocurrencies which really has no value. So if everything gets haywire cryptocurrencies would lose all of their value while Fiat will still be valuable.
Posted by Kakashi2020 on 08-06-2018
vinaya
Crypto currency is backed by computer technology. Unlike fiat currency, nobody controls cryptocurrency that's why everyone can make money with cryptocurrency. Fiat currency is controlled by government. Fiat currency will still have value in the future, however, I truly believe that cryptocurrency will be more used in the future.
Posted by vinaya on 08-07-2018
Martinsx
There is no doubt that in the future that cryptocurrency will hold much importance as it it today. Normally, I would say that cryptocurrency is extremely important to the world today because we are already in the digital era, it's just a matter of time before cryptocurrency is accepted worldwide and it's most likely going to knock off fiat currency.
Posted by Martinsx on 08-10-2018
lovely
But I still doubt fiat currency will go extinct considering the fact that some countries are still backward when it comes to digital technology.I doubt my country will get to that stage may be in a decade because right now, cryptocurrencies are even yet to be accepted.
Posted by lovely on 08-13-2018
vinaya
Fiat currency will never go extinct. You want to buy a newspaper from a streetside newsstand, will you use a card, bitcoins or cash? For the transactions that involve a low amount, using fiat cash is a better option. Having said the when the transaction involved a large amoubt it is easy to use crypto, there is no limit in transaction.
Posted by vinaya on 09-03-2018
ion
Well, so far, I think we still need the fiat or physical currencies. The cryptocurrencies is not fully accessible, and sad to say it's still limited to other countries. We need the fiat currencies to buy and to trade for now, but I'm expecting that this cryptocurrencies will rise and be accessible also become the universal currency.
Posted by ion on 08-07-2018
Martinsx
It's absolutely true what you just mentioned about the need w still have for fiat currency even though cryptocurrency is getting more popular by the day but its usage is still limited to a great extent. But fiat currency is not limited to anything or anywhere, it's just the major advantage fiat currency done over cryptocurrency but there is still a very good chance of cryptocurrency getting accepted worldwide.
Posted by Martinsx on 08-11-2018
vinaya
You need a computer/phone and internet to use crypto currency. As long as you have a computer or phone and internet, you can use crypto currency anywhere from the world. Whether your country accepts crypto currency or not, you can easily convert them into cash through exchange service. You don't need a computer or internet to trade with fiat, this is one advangate of fiat currency.
Posted by vinaya on 09-04-2018
ion
Yeah, that's right. However for me, better to use the cryptocurrency in replace of dollars in an online transaction and in our online bank. Once there's transaction online, it should automatically use the crypto so the fiat currency will remain on each country like the dollars will just able to use in the U.S only. This one is already happening right now, but because of the unstable value of cryptocurrency, it's hard to depend on this kind of transaction.
Posted by ion on 09-13-2018
ion
Yeah, that's right. However for me, better to use the cryptocurrency in replace of dollars in an online transaction and in our online bank. Once there's transaction online, it should automatically use the crypto so the fiat currency will remain on each country like the dollars will just able to use in the U.S only. This one is already happening right now, but because of the unstable value of cryptocurrency, it's hard to depend on this kind of transaction.
Posted by ion on 09-13-2018
Kakashi2020
I think relying on cryptocurrencies alone is a dangerous because if you think about it, it relies on technology. And technology has a bunch of loopholes and risks. What would happen if a glitch happens? I think Fiat Money is still the best option then, now and even in the future. Cryptocurrencies will always be just an option.
Posted by Kakashi2020 on 08-09-2018
Martinsx
To be honest with you, I have good reasons to believe in what you have just mentioned about the loopholes that exist in every technology, if care isn't taken and the technology behind cryptocurrency is attacked, the effects of that attack might cripple any nations economy. I would suggest getting to combine the two and not just one.
Posted by Martinsx on 08-12-2018
jaymish
I kind of like crypto currencies and I think they are the way of the future. Many people are discouraged by them because of their volatility, but we see this every time a new trend comes around. For example we have saw the technology crush, no one believed personal computers and the internet would take off, now we see companies like microsoft, Google, Facebook producing the worlds richest people. Like them crypto currency is a distributor. I believe it will completely change the way we use money and the way the governments relate to us. I believe that we are seeing the error of decentralization.
Posted by jaymish on 08-10-2018
Martinsx
The truth is that the people who are afraid of cryptocurrency because of its volatile nature are getting everything wrong because it's the volatile nature of cryptocurrencies that makes investors make a great deal of money from such investment. Trading on the cryptocurrency when the price skyrocket and buying when it drops. It's only bad if you don't trade, you will make profit from investing but not compared to who trades.
Posted by Martinsx on 08-13-2018
Anonymous
I would pick Cryptocurrency over Fiat currency because i like crypto being decentralized. But I would say both Fiat and crypto currency have advantage and disadvantage. Fiat currency is known as physical currency where as crypto currency are known as electronic money. You can use fiat currency in both physical and electrically but you can use cryptocurrency only in electronic way. Fiat currency is accepted in everywhere where as crypto currency only use in limited place. Fiat currency can be duplicated but no one can duplicate electronic currency like cryptocurrency. Fiat currency user pay tax to their government where as their is no tax in electronic currency.
Posted by Anonymous on 08-10-2018
Martinsx
The truth is that the advantages of cryptocurrencies are very appealing and awesome. Not getting taxed on your money, no duplicating and increased security of your digital electronic fund are pretty above the advantages of Fiat currency. If only cryptocurrency is approved and accepted all over the world, then fiat currency would be forgotten.
Posted by Martinsx on 08-15-2018
NesMarcos
I would ave to agree with you. People really can't understand the advantages and benefits of Cryptocurrency. If only people will weigh its advantages now and is approved and accepted all over the world, then this will be a great start for the monetary system of the world.
Posted by NesMarcos on 09-20-2018
jetselle
The main difference of fiat currency and cryptocurrency is decentralized and centralized. Fiat currency is have a controller like government and bank system, but crypto is nothing control it. Then, Cryptocurrency for me is a freedom of money system. Cryptocurrency and fiat will both be there in the future. But people will slowly use more cryptocurrency since it is easier to do transactions. People will go towards what is easy.
Posted by jetselle on 08-10-2018
Martinsx
You are very correct my friend with that assertion on people going for more easier process than a harder one when it comes to doing transactions. And I completely agree with you on the issue of Fiat currency being centralized and controlled as well as taxed by the federal government unlike cryptocurrency that are the only decentralized currency.
Posted by Martinsx on 08-16-2018
NesMarcos
That is absolutely right and I strongly agree with you! Since the Fiat currency has been controlled by the government and bank systems, our money is being taxed. Unlike in using the Cryptocurrency, there is no controlling it, therefore our money is not being taxed by anybody. Hopefully, as technology is changing drastically day by day, people will then acknowledge the advantages of Cryptocurrency.
Posted by NesMarcos on 09-20-2018
Marako0406
Maybe cryptocurrency is the future of fiat money but for now I am going to be sticking to what fiat money's worth is. To be able to invest another thing but what would someone rather use first and it would be fiat over cryptocurrency. Still I believe that both will prevail in the future and both has value where to use it. I have invested into cryptocurrency and I am not closing my doors because of the fact that I think I made a good investment for some time but still with the use of fiat money.
Posted by Marako0406 on 08-12-2018
Martinsx
There is every possibility of cryptocurrency being the future of Fiat currency because I believe that digital currency have the ability to offer so much more when it comes to being the currency that will serve the growing need of technology in the world today. The world is growing in technology and it's only digital currency that will be with the same pace with technology development in the world.
Posted by Martinsx on 08-31-2018
amelia88
I actually saw an article in the news just today about a man who had taken out a massive loan to invest in cryptocurrency, and lost 85% of his investment...but still has a loan to pay back. For me, right now, cryptocurrency is just too volatile.
Posted by amelia88 on 08-14-2018
Martin
Oooh my. That is devastating. I mean placing all your hopes on the cypto investments thwn they fail you. You will have a hard time paying back since you already had made the pans to invest and get enough to pay back the loan.
Posted by Martin on 08-15-2018
Martinsx
Seriously! If that's true, then he is in such a big mess. Before making such a huge investment, he should have taken all necessary measures in order to avoid getting into such muddy waters he is now. Did you manage to know the exact cryptocurrency he invested in that went south?
Posted by Martinsx on 09-03-2018
Kakashi2020
At present Cryptocurrencies are being used by a very small percentage of the global population and unlike Fiat Money which is being used by everyone. I think that Fiat Money would continue to dominate the financial scene in years to come and Cryptocurrencies will continue to be just an oprion.
Posted by Kakashi2020 on 08-16-2018
Martinsx
Yes, you are very correct my friend with that assertion on few number of people using cryptocurrencies all over the world and also for the fact that these digital currencies aren't recognized worldwide poses a serious challenge for it to rival fiat currencies at the moment but nothing is guaranteed because there is every possibility of cryptocurrency overtaking fiat currency in the near future.
Posted by Martinsx on 09-09-2018
Martin
Yeah that is true but I would like to pointbout the fact that people are only getting wiser and more digital hence the scales seem to be tipping ever more on the side of the cyptocurrencies. The awareness and usage is growing daily.
Posted by Martin on 08-21-2018
Martinsx
Exactly! If you take a good look at how aware people are today about cryptocurrency and what it used to be in early 2009/2010, you will see a rapid rise in popularity and usage as well as investment in cryptocurrency. All cryptocurrency needs is a little push from the intergenerational community like UN, and you will see it being accepted by more countries which is what still holds it back from fully breaking into our financial world.
Posted by Martinsx on 09-10-2018
Mehano
I will definitely go with the fiat currency. I do think that the cryptocurrency has made an unbelievable progress in the recent years but still, the fiat currency is lighting years ahead of it in terms of stability and security. It will take a lot more for any other currency to overtake it.
Posted by Mehano on 08-30-2018
Martinsx
At the moment, fiat currency is the best bet for most people and you can't really blame people for making such decisions because it's what the society is after and fully accept. So, telling them to choose a currency that is not generally used will be very difficult for anyone of them to agree to.
Posted by Martinsx on 09-11-2018
nekonieden
Actually i don't really have interest in learning cryptocurrency thing. I think its better to have a flat currency as you can really feel the money on you. You can really feel your hardwork earning some flat currency. I think its more convenient since this is already present and running from long long years back. It might be good as well to know cryptocurrency since we are already in the modern and high technology but I think it is still not time to really give up what we used before.
Posted by nekonieden on 09-03-2018
Martinsx
Well, it's true that you can weigh your fiat currency probably in your bank account to know how much you have worked hard while cryptocurrency being digital currency can't be felt or touched but that doesn't change the fact that cryptocurrency is gaining more inch ground in the financial sector as the day goes by.
Posted by Martinsx on 09-12-2018
Kakashi2020
Paper Money and Coins are sill the main form of currency being used today and I think that it would still be the main form of currency that will be used in the future. Although Digital Currency is gaining popularity, but it is only used by a small minority. I don't think the situation would change in the next 20 years.
Posted by Kakashi2020 on 09-09-2018
Martinsx
You are very correct with the assertion on paper money still being well ahead of cryptocurrency for now. There is no guarantees it's going to keep being being that way in the future. Remember how cryptocurrency wasn't much taken seriously years ago, look it at it now and see how possible it is that it can bring fiat currencies to its knees.
Posted by Martinsx on 09-13-2018
superlicca
The best thing about fiat currency is that this is something that you can hold and keep personally. It is the medium of payment in any business establishment. And I don't really feel any security with cryptocurrency due to hack or scam issues that I hear. That is why real money is more reliable.
Posted by superlicca on 09-11-2018
Martinsx
The general acceptance of all fiat currency is what still makes it to be above cryptocurrency and you can't really blame people for still being in full support of a currency that will be very easy for them to use in all their business and personal transactions. No one likes to hold any piece of currency that can't be used at will.
Posted by Martinsx on 09-14-2018
jayjaydimson
For me, I will still choose the fiat currency, Because it's our tradition and yet its safe than the cryptocurrency, How did I say so? Because in cryptocurrency, You will not know who is it under the Bitcoin address, There is no information written there and so if something wrong happens like you got scam on cryptocurrency, You cant find someone who did that to you.
Posted by jayjaydimson on 09-11-2018
Martinsx
A lot of people have been scammed in one way or another with cryptocurrency and among the major reasons why most people find it very hard to trust in digital currencies especially in the early days of cryptocurrency launch. But with the improved security upgrade in cryptocurrency blockchain, the issue of scams and hacks have been reduced to the least minimum.
Posted by Martinsx on 09-14-2018
jayjaydimson
For me, I will still choose the fiat currency, Because it's our tradition and yet its safe than the cryptocurrency, How did I say so? Because in cryptocurrency, You will not know who is it under the Bitcoin address, There is no information written there and so if something wrong happens like you got scam on cryptocurrency, You cant find someone who did that to you.
Posted by jayjaydimson on 09-11-2018
Martinsx
The issue of scam and hacks is one of the bane of cryptocurrency, a lot of people have been scammed dealing with cryptocurrency and it's affected most people's trust in the digital currency blockchain. It's only those who have tasted good profits in cryptocurrency that have full trust in it. Fiat currencies on the other hand and generally accepted, so it makes it easier for people to choose.
Posted by Martinsx on 09-17-2018
jayjaydimson
I will choose flat currency, because you know that your money is safe in the bank. And you also know that it can grow for the past years from the annual interest.
Posted by jayjaydimson on 09-18-2018
Martinsx
Cryptocurrencies are also safe in your wallet, and as long as you are making use of good wallet that is well secured against any form of hack, you can be rest assured that your cryptocurrencies are fully protected and nothing can ever happen to it.
Posted by Martinsx on 09-18-2018
jayjaydimson
Flat currency is the best, because you know that its safe.
Posted by jayjaydimson on 09-28-2018
superlicca
Both can be a good investment but I believe that Fiat is safer than cryptocurrency. With a lot of stories that I heard about hack or scam issues with cryptocurrency, I prefer to have Fiat currency. Aside from the fact that it is being recognized by the government, you can use this everywhere to purchase all you need.
Posted by superlicca on 10-01-2018
jetselle
Both fiat cash and digital money can be called cash or cash, both are mediums of trade that are utilized to store and exchange esteem, both can be utilized to buys merchandise and enterprises, both have their esteem represented by supply, request, work, shortage, and other financial components, both have their esteem influenced by the nature of the framework encompassing it, both can be exchanged on trades, and so forth. But for now I choose fiat currency because it is currently legal ang backed up by central banks.
Posted by jetselle on 10-06-2018