Fiat for daily use.

While bitcoin or cryptocurrency for investment.

It's the embraced use of cryptocurrency today but we have to spend it in the most possible way to enjoy it. I have used it to shop for many times but our society is not yet ready to go all-in with crypto.

absolutely mate,specially in places where Bitcoin is not yet really adopted and accepted by the government so we need to accumulate more for holding.
until our country starts acknowledging and let people know the benefits and not pushing this as risky kind of investing.
same here mate,mostly we can use this for online shopping ,i only have use Bitcoin as payment in a cafe once when accidentally found a establishment that accepts Bitcoin.

Let's accept that truth, fiat is still needed in our daily lives.

Our country, the businesses, the merchants then individuals will follow if there's also a confirmation from these entities.

You are lucky to spend it for a cafe while me, most of the time I use it to shop online. I hope that one day we can use it directly with our favorite shopping malls.

This one, both of them have its own strength and weaknesses.

Currently, we want to save more BTC in our wallets as an investment scheme. But for our daily lives people are still using it specially in third world countries wherein paperless transaction is not yet implemented by their government. So we just need to take the best of both worlds, take advantage of them. As far as the argument saying that banks will disappear because of crypto, I have doubts about that one.

I have used both crypto and fiat system to pay my monthly bills, i.e. internet, water consumption, electricity and phone, of course it's not a direct p2p because there is still a middle man in-between. As far as preference, doesn't matter, as long as I can used them as tools for my every day life.


You said investing and trading, then you can kept some cryptos in your wallet and just convert it to fiat if needed. There are Bitcoin maximalist though that would rather put everything in BTC. Nothing wrong with that, as I have said both of them can be a tool to make your life easier. So there should be no "versus" or against, it all depends on the person itself.

More than sure crypto is more like for long term invests

For now, I use fiat for buying anything in real life and use crypto as the investment, although if I can make a profit in crypto trading, I will withdraw the coin to my fiat so that it can give me more money. In many countries, fiat still needed and fiat still used for buying our daily life, but we also know about digital payment from another third party, and that looks like digital money.

I don't use crypto to buy anything because here, I cannot find a local store that accepts crypto for the payment, so that is why I still use fiat to buy something or buy my daily needs.

It is like choosing whether pulling off your wallet to get some money or pulling out your phone cause you have something to scan and pay. Although I'm a huge fan of crypto, I would still choose the fiat since it is the one that we are using now and the complexity of using the crypto is not yet settled, there are still bugs and errors to be fixed. We are on the process of transitioning, sooner or later we'll be having it.

Fiat? Fuck it. Fiat isn't stable at all. Just because 1 USD you have today will be worth 1 USD tomorrow too doesn't mean it's stable. In fact, you can see how we lose purchasing power the more time passes.

If BTC would have been used as the national currency, you would've considered it as "stable" too. But you probably don't take into account the diversity of fiat currencies and the ratios between them changing on a daily basis.

Cryptocurrencies are decentralized, anti-inflationary.. all great & fun until we get into the intimacy subject. That's when things go dark. It's probably going to be a fun game for max 5 more years and then freedom will be just an idea, just a definition. I'll bookmark this reply with the hope of finding it again +5 years later to see if my words came true or not.

Paper money is better in terms of privacy/anonymity although it's not very transparent at all. There's no need for a public record of where I received my banknotes from and where I spend them. I can hand you $10k in paper and nobody would have to know where that came from. However, it's centralized so just fuck it. That's where fiat will never beat Bitcoin. You always know that your 1 satoshi is real, is only yours and will never be replicated by anyone ever.