Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on August 03, 2018, 02:21:28 AM
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Fiat still holds its position in our society as it is strongly backed by the governments. Even with cryptocurrency, the final stage of withdrawal is through Fiat after trading our numerous cryptocurrencies on the market. Fiat will become irrelevant if cryptocurrencies hit a global patronage where everyone understands its concept and accept it as the primary means of purchasing goods and services.
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Like you said that we all come back to fait after numerous business transactions from our cryptocurrency to fait, i think fait is the final point to get back the initial money invested in a paper form, and so, fait money may remain very relevant but may be less valuable then than now in my opinion.
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Fiat still holds its position in our society as it is strongly backed by the governments. Even with cryptocurrency, the final stage of withdrawal is through Fiat after trading our numerous cryptocurrencies on the market. Fiat will become irrelevant if cryptocurrencies hit a global patronage where everyone understands its concept and accept it as the primary means of purchasing goods and services.
Actualy this happen thats fiat will become irrelevant soon,once the cryptocurrency system will be implemented to become legalize all over the world,but as of now thats crypto is lack of incapacity to become competent into paper money i thinks its far from the vision of what we want to be expected to happen in the future of the digital currency,thats why those saying a hit of global patronage where everyone wants crypto a primary means of purchasing goods and services is far as of now because not at all country aware of this digital system technology.
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Fiat is a much needed thing as of now to change our crypto into the real cash we are using daily.
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Fiat still holds its position in our society as it is strongly backed by the governments. Even with cryptocurrency, the final stage of withdrawal is through Fiat after trading our numerous cryptocurrencies on the market. Fiat will become irrelevant if cryptocurrencies hit a global patronage where everyone understands its concept and accept it as the primary means of purchasing goods and services.
I think crypto currency is the future currency.Fiat is irrelevant to crupto currency. I thin at the coming future, Crypto will replace fiat.
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yes many exchanges have used fiat as the last exchange place because it is considered safe to protect crypto user assets.
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Fiat is very relevant to cryptocurrency. Coz first of all, it is the measurement of the value of each coin.
I think nobody here invested in cryptocurrecny to increase their coin but to grow their money (fiat). All of the coin you possess were useless if you couldn't use it.
You can pay online using BTC directly but it is still depends on its equivalent value in your local currency or in US dollars.
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Not really irrelevant, no matter what if you need to use some fiat or buying into crypto coins you still need fiat to be the medium for this transaction to happen.
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Yes, in my opinion, Fiat is able to provide stability in trading. It is different from Crypto which always experiences a significant increase and decrease so that Crypto is very risky if it does not understand how to use it.
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Only no one wants to accept cryptocurrency.Governments and banks prevent this.And I doubt that in the next decade cryptocurrencies will be able to displace Fiat.
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Fiat currencies are still very relevant to cryptocurrency and I see it remaining relevant forever, in my view. So many people would not have been able to spend their cryptocurrencies with ease if not for the availability of fiat currencies. There is no merchant yet accepting cryptocurrencies in my country so I have to change my cryptocurrency to fiat before spending it.
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Because fiat is easier to use and everyone needs more fiat for withdrawal or will finish trading crypto. Everyone can use fiat.
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Only no one wants to accept cryptocurrency.Governments and banks prevent this.And I doubt that in the next decade cryptocurrencies will be able to displace Fiat.
I think at the coming future It will happen mate. Crypto currency will replace fiat money. Lets see.
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It is not irrelevant as of now crypto adoption may be there however most of us still need fiat for daily expenses.
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I think Fiat is the end point to get back the initial money invested in paper, etc., fiat money may still be very relevant but it might be less valuable than it is now.
all back to fiat after many business transactions from our cryptocurrency for fiat,
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Fiat still holds its position in our society as it is strongly backed by the governments. Even with cryptocurrency, the final stage of withdrawal is through Fiat after trading our numerous cryptocurrencies on the market. Fiat will become irrelevant if cryptocurrencies hit a global patronage where everyone understands its concept and accept it as the primary means of purchasing goods and services.
Yes It is true. Fiat still holds its position in our society as it is strongly backed by the governments. But I believe at the coming future crypto currency will be dominate.
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Fiat will become irrelevant if cryptocurrencies hit a global patronage where everyone understands its concept and accept it as the primary means of purchasing goods and services.
This is indeed true, because the government is also afraid that something like that will happen in my country.
so Cryptocurrency is a progress of the times and the government is not ready to accept it (in my country I live)
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Yes, fiat is not related to crypto currency. They are different so if bitcoin is dumped, this will not affect fiat money. Fiat is a currency that can be controlled by the government. That's why the fiat value is stable. While this digital currency is decentralized so its value is volatile.