I am literally good in with no doubt about it and if someones says he will donate a bitcoin to me I will going to accept it wholeheartedly for it can be used like a fiat currency could do or more than fiat currency could do. Bitcoin is all in one coin that involve also some sort of investment.

Most of the members here are over rating bitcoin compared to fiat currency. Others had degrading fiat currency because it can get easily influence by inflation rate and its value keep going down except for those rich countries that has maintain or stablize their economic growth. As we all know the value of fiat currency will depend on the economy of that country like those assets, resources and how it was being assessed. But I do not know how they made the assessment.

In my point of view, I more like fiat currency than bitcoin. I like to use more fiat currency and use the bank service  as well that can be access digital through atm machine. However, I may not feel better with their service because any time they can steal your identity or their database that can be use in illegal activity but this is only a slight chance to happen but it is possible. The fiat currency has largely being used and applied in our daily life compared to bitcoin but I do believe that bitcoin will going to play this role too.

In my opinion, bitcoin has no real value.

Why?


Correct me if I am wrong,

* You can have bitcoin but if it is not being tradable to fiat currency then your bitcoin has no value at all.

* You need to buy bitcoin with fiat currency without fiat currency you can't have bitcoin

* when you buy bitcoin you have to pay services like in those banks and when you like to convert bitcoin to fiat and withdraw it to a banks then you will then again to pay the service of the bank. You need also to pay the bitcoin transaction fee. So fees are everywhere from those banks to bitcoin network deducted by the miners.

* bitcoin could stand alone without being paired by fiat currency but we should make it paired with fiat to get the bitcoin with value depending on the demand of the community.

* You can earn bitcoin investing in it but can take losses too depending on you. And this is why i think that many had said that they like bitcoin because they are earning but some that aren't. I feel sometimes bad about it you had your earnings coming from other people knowing that you had bought bitcoin cheaper price compared to the new comers with higher price of bitcoin

However, there are some of my points though of having bitcoin like the following,

* being anonymous in making a transaction or in a decentralized manner if bitcoin to bitcoin no third party services being used.

* p2p transactions and you do not need to worry the process of transaction for whenever there will be a new teansaction going to take place it will be broadcast to bitcoin network and will be confirm by a miner so no need for a third party service to take care of your transactions.

* bitcoin could be use to transfer money outside the country for a lesser expenses than bank or money transfer services.

* less hassle in bringing money to pocket but banks also offer digital money saving it or ready available through atm.


My conclusion

I agree that bitcoin is sort like a form of money but no way it could be the same as fiat currency because people trade their fiat to bitcoin which will then the price of bitcoin decided depending on the demand of the people wanting to have bitcoin.

Again, this is just my opinion because for me it seems that cryptocurrency has been exaggerated, over rated and fiat currency is being overkilled.


Bitcoin and fiat currency must not get overlap to each other. Both currencies are important especially for bitcoin lovers but if you are not a bitcoin lover then I know you will going to prefer fiat currency of course for its widely use if we will going to analyze its current function compared to bitcoin.

However, I still want to know your opinion regarding on the bitcoin vs. fiat currency.

Could it be possible to get bitcoin a value if not because of Fiat currency?

Could fiat currency will have no value without bitcoin? (Honestly fiat currency has value with or without bitcoin)



Note: The poll will expire in 30 days and the result will be shown after the poll expire.

Please respect post!

Edit: Sorry for being a bad guy here. But this is what the forum is all about to discuss matters that help us enlightenin every way.

Special thanks to @mk4 towards professionalism