There has been a lot of confusion around crypto and FIAT and which one to choose for the future. The very reason it is called FIAT is because the government decides what value the currency should have and they print money whenever it is required. The authority decides the value of a currency and that's one of the biggest reasons why many people think cryptocurrencies can be the future and highly reliable. I'm sure this is a big debatable topic and not everyone understands and shares the same opinion here. But looks like the world is going in that direction.
Many experts say that FIAT might slowly vanish and crypto will start taking charge and some people don't believe that. I think that digital currencies might start taking over FIAT but it can take a lot of time. I would even say that it can take a few decades. It took several years for many people to believe that cryptocurrencies work and they have started investing today. Similarly, it can take a few years for people to understand that crypto is the way to go and the new generations to come will directly start using cryptocurrencies.
Why is FIAT important now?
It might look like I'm inclining more towards crypto than FIAT. But the reality is that we have to be investing in both crypto as well as FIAT. As long as we are bound by the government our position must be also strong in the real world because the government can make decisions against cryptocurrencies. It is not only that but also because we need some physical properties or investments with us, it is important to do FIAT investment or investment with the help of FIAT. The government is slowly starting to regulate cryptocurrencies and they are trying to bring some rules that would help people adopt this technology and at the same time in a very controlled manner.
The current challenges in crypto adoption
It can take several years more to understand and adapt to crypto. The technology behind cryptocurrencies is very good but at the same time, it is not the best too. There are several blockchains with different concepts but not all blockchains are successful. The main reason is that they are still facing one challenge or another and the biggest of all is crypto adoption. It is not easy to onboard someone inside the crypto world. Initially, they might have a thousand questions in their mind but even after investing, they will not know how all this works. After they get to see a few bull market trends and bear market trends, there is a high chance that they might have some learning and might stick around.
Wise investment
When we talk about investment, I would personally say that diversification is very important. Whether it is crypto or it is FIAT, I would say that we shouldn't put all our eggs in one basket, and at the same time we should not be making the same type of investment. If we are doing stock market investment, we shouldn't do that alone in the FIAT world. We should slowly get involved in property investments and bonds and commodities like Gold, silver, etc.
There are equivalent investment opportunities in the crypto world too. Some of the investments are safe and given a good APR. But for people to know about these investments, they have to first understand the basics of crypto and slowly get started with investments. To conclude I would say that the investment should be in both FIAT as well as crypto in a highly balanced and regulated manner.
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Both looks so close to choose but I guess I will go with fiat due to the stability of it actually
Yeah but in the future Crypto might also get more stable.
The future of crypto excites me.
Yeah let's all fill our bags before the next bull run.
Both are good options. One is volatile than the other and one require risk than the other. At the end of the day, it depends on how you are able to take risk
But both are important and have to be a balanced investment.
Having both is a better option at this moment. But I think I'll lean more into crypto because Fiat's relevance may continue to decrease as crypto continues to grow.
Tether might be the middle way my respected friend Balaz.
Any idea if there will be more liquidity on hive engine for me to sell my few IU tokens at the usual price just below 1 Hive?
Namaste
I'm concerned about the IU token and lack of liquidity to sell and lack of explanation from anyone. I don't use Discord much. As a result I'm planning to remove my delegation altogether.
I just received some feedback now so will hold on until the IU stabilizes.
Liquidity is now available. I'll make sure there is sufficient in the future too.
Many thanks, Bala you are very kind.
I'm sorry about that experience. There will always be liquidity to sell the tokens at 0.98 because of late powerdown. I'll make sure there are sufficient funds in the future for this.
We are also planning to give some dividends to people holding IUC tokens in the near future.
No worries, I understand. I'll listen out for any news of developments with IU.
Bharat Mata ki jai.
Thank you. 🙂 Namaste 🙏
This time the power down was not sufficient to fill up the market. The buy order has been filled up once again.
Even otherwise you can always place a sell order at 0.98 and it would get filled as soon as the liquidity is available again.
At this point we all know that Bitcoin has entered into its second cycle and at this point we all still have the opportunity to make more of our money and be hypocritical so wise people do the same. That's it by investing and earn money.
It is good to see the portfolio slowly gaining some value. Hopefully the bull run comes soon and on the coins we hold.
Even though both of them are great investment opportunities, I will still go for Crypto. Yes I understand the risk is there but one need to deal with the risk
Good choice for the future but having some investment in the real world is also important.
Yay! 🤗
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