PHYSICAL CASH/FIAT MONEY OR CRYPTOCURRENCY [MY OWN PESPECTIVE]
Greetings AllI am being asked, these very wonderful questions thrown to us stated below;
PHYSICAL MONEY OR CRYPTOCURRENCY
Ever since cryptocurrency became a thing and got the attention of the world, many governments have been against it while others embraced it. What about you as a person? Do you prefer the digital form of money? Or you would rather use physical? Give reasons as well, we would love to know.
I will gladly say I did prefer, to say I will go for the physical cash, yes! But in the long run, I will gladly say Yes to both options.
Receiving Physical cash is very well important as well as earning in cryptocurrency. In the subsequent paragraphs below I will be talking about both the Physical cash/Fiat money and the Cryptocurrency in different subheadings.
PHYSICAL CAHS/FIAT MONEY
Coming to look at it from a point of view of the country I am from, physical cash, for now, is very much the other of the day. Yes, many earn through cryptocurrency but it is still on a very low note where you will not want to be sported by Government officials for there have been controversies about legalizing crypto or not.
Also, I will say that the end product of all cryptocurrencies transactions is physical money. All trading done through cryptocurrencies and profits made are therefore gotten in as physical cash or fiat money.
I will say, the reward I get from this wonderful crypto blockchain, is I convert the HBD into HIVE make the withdrawal and in turn use a crypto wallet sell to get the physical cash I must say both the cryptocurrency and the physical cash/fiat currency comes in handy there both work side by side each other, for the other to exist, there have to be an existing relationship between them for operations to go smoothly.
I will very much say that Physical cash in these scenarios is of greater importance as do cryptocurrencies.
CYRPTOCURRENCY
I will say cryptocurrency is very much a digital asset which is built to work and serve as a medium of exchange through a system. It is a form of tradeable digital asset or form of money which is simply built on blockchain technology and can be accessed by users who are connected to the internet. A more relatable example of this is the Popular Bitcoin.
I will say, a cryptocurrency is simply an advanced form of physical money that is very much accessible by users who are connected to the internet. With cryptocurrency, millions of persons all over the world are given equal opportunities to operate and access it with the right information given.
Cryptocurrency provides no limitations for its users, no matter how far a user wishes to explore you are very much free, and there are no restrictions to what a person can get.
Literally, I very much appreciate cryptocurrency for the majority of the physical cash gotten by me is simply through cryptocurrency. With cryptocurrency, coins owned are pretty much under your control and are only accessible by yourself. With the advancement in recent times, transactions with cryptocurrency are very much faster and hence more reliable, even more, safe for transactions that a user wishes to be unknown to others.
With the very much all the advantageous aspects of cryptocurrency, there are still very much cons which are associated with it. An individual has to be very much careful when transactions are being carried out with very much care to avoid a mistake along the line. When transactions are being carried out, once it is done there is no room for a refund.
There are disadvantages associated with cryptocurrency, it still very much has lots of opportunities around it. I will say this is really a serious debate to go by for both the Physical cash and cryptocurrencies are hence of great value and importance.
Thanks for reading dear friends
Best Regards from @gi-de-on
Fair points well made.
Just that I do not cherish the fact that government have so much control and power over money in form of physical cash.
And with that they can oppress the masses with that tool.
Though the governments have refused to legalize it and trading is done in the hidden,
How sure are you that the government itself does not have crypto wallets of their own.
Politicians are very tricky and what they can't control is placed under ban while they also go underground to own such items. And since they have the power, who can stand against them.
Fiat is absolutely good but a combination of the two would be perfect.
Sooner than later payments will be made in crypto around the world that people will see no need or use for fiat.
That is one fair point, dear friend. this is where crypto comes in. Here no government official has the right to exploit or extort your holdings. No tax evasion and other factors.
Both Fiat money and crypto are inseparable there are handy to each other.
Thanks for sharing your wonderful thought on this dear friend.
Yeah, the world of cryptocurrency has so much to it. There is a lot of earning potential in the crypto space, we just have to be willing to do the little that is required of us. We can only hope that things eventually get better in the country and our government lift this ban because it will make a huge difference.
Thank you for sharing this with us.
I am totally in agreement with you sir.
There are more opportunities in the crypto world with no control from government officials.
Just you and your holdings.
Thanks for your comment sir.
What a nice view. I respect your view.
Thanks, dear friend. I appreciate yor comment.
Physical cash in use for now yes, I agree with that with view of switching to crypto currency but it would require alot to do that.
Smiles, when the time comes everything, will be okay.
We will adapt just fine.
thanks for your wonderful comment dear friend.
I support you bro, I choose physical cash for now
But in due future I'll prefer cryptocurrency.
Thanks for your encouraging comment bro.
Both are important, Quite confusing to choose though.
smiles.
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extraordinary. you have written well. and I agree with your opinion. have a nice day buddy.
Thanks for your wonderful comment dear friend.
I am glad you like my contributions.
I see one day, crypto will stand tall with physical currency. because the era continues to grow coupled with the conditions of the digital era that cannot be dammed. but between crypto money and physical money both have weaknesses and advantages so be wise in choosing both.
Yes dear friend, with the continues advancement in the world crypto will definitely stand tall.
both have advantages and disadvantages though.
Thanks for wonderful comment dear friend.
You're welcome my brother