Financial Writers Predict Fiat Dollar Will Collapse and Rise Crypto - page 2.

LeGaulois

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Quote from: bigbosma on October 31, 2018, 02:19:10 PM

I think the world is ready to completely transform the outdated monetary system into a single global bitcoin technology. This will greatly improve the global economy and simplify our financial payments. So I can't disagree with Kiyosaki.

Years back they changed the European currencies for the EURO. For the same reasons you mention, improve the economy, simplify. What did it do? decreased the EU economy, increased poverty, decreased household income. ect. A lot of countries now are thinking about ti leave the EU

Farahtenan

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The dollar is still strong and this has become a world-recognized currency, so it is impossible if the dollar will close. The dollar remains currency and crypto remains in its position, so the dollar and crypto go hand in hand for their respective worlds.

wxa7115

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Quote from: WebTera on October 21, 2018, 02:05:42 PM

I can't consider national money a fraud, but the fact that using bitcoin is much better is a fact. Digital currencies are much safer than the usual us dollars and Fiat.

Fiat money is a fraud that needs to be eradicated, in order for you to get that fiat you need to work long hours in a job that most people do not like and do not find enjoyable, in theory the government gets your taxes and uses those taxes as effectively as they can, I do not have too much of a problem with that because they are getting that money to perform a job which is the same process in which you get your money, but with fiat they can also print as much money as they want whenever they want and in the process they are stealing from all the population at the same time.

If you did that you will go to jail for counterfeiting, so we need a currency that cannot be printed at will and a combination of precious metals and cryptocurrencies seems like the best choice.

Buttermellow

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It will not going to happen. US dollars has proven already throughout the history as a currency but bitcoin is only a starter. Besides bitcoin is a decentralized currency and that would make it easier to replace US dollar. There were some problem that could arise on decentralized currency and that is the value which is highly volatile. This will not satisfy both parties(buyer and seller) if the value of a currency constantly changes over a period of time.

bitfocus

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We need a lot of such enthusiastic influencer on our side with crypto, especially, the time when almost every government is taking an opposite stand.

bajingluncat

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I am not sure about this, the fact that China is considered to have a great power has not been able to undermine and replace the dollar, especially the crypto currency that is still a debate even for legal matters is still very difficult, so there are enough reasons not to believe this , after all, if we look at it from a social, economic and political perspective, it is impossible to eliminate fiat currencies, especially the dollar, even though it is now a digital era but still each fiat money plays an important role as the controller of the world economy

Kurevazeyo

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Quote from: WebTera on October 21, 2018, 02:05:42 PM

I can't consider national money a fraud, but the fact that using bitcoin is much better is a fact. Digital currencies are much safer than the usual us dollars and Fiat.

I do not believe that fiat money will collapse, because fiat money is used without technology, without smartphones or computers, and without internet. So using fiat money is as easy as turning your palm. However, using crypto money requires a digital device and internet connection. If there is no internet signal somewhere, crypto money cannot be used.

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Quote from: zeingrind777 on August 08, 2018, 11:05:15 PM

The best-selling financial book writer "Rich Dad, Poor Dad" said Bitcoin would replace the US dollar, which he called "counterfeit money." In the April Sane Crypto podcast, author Robert Kiyosaki said the practice of printing more money in America was to create bubbles that would explode. "I think the dollar is toast because gold and silver and cyber currencies will take it," he said. "The US dollar is a fraud. I think we are watching the end of the dollar. "

https://www.youtube.com/watch?v=unvFvAUCZEU

Predictions are only guessed about the future, and this can happen or not. So I think this may not happen because FIAT is the money to create other values so it cannot collapse and replaced by any other value.

bigbosma

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I think the world is ready to completely transform the outdated monetary system into a single global bitcoin technology. This will greatly improve the global economy and simplify our financial payments. So I can't disagree with Kiyosaki.

Glutius

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This man for me-a great authority and his book I read with pleasure. Therefore, I can not agree with his opinion about the cryptocurrency. It is much more convenient, safe and modern than obsolete national money.

pavka

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In the case of Bitcoins could very well be that the fantasy becomes reality. The dollar will not exist forever, so why not replace it with Bitcoin, which has already declared itself all over the world.

Arhaan10

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That is someone's analysis, and I'm not sure the dollar will collapse and will be replaced by Bitcoin. if you can be honest, I prefer bitcoin and this dollar goes together, without dropping each other. Bitcoin comes as an alternative currency that provides a lot of convenience compared to Fiat Money like dollars, and bitcoin is present not as a dollar destroyer.

minhlee95

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I'm really looking forward to the time when this transition will happen so I fully agree with the writer. We need to use secure cryptocurrencies, it will greatly simplify our lives, I am sure.

Urbinklin

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Of course I agree with this opinion, but people will be very long to move from dollars to cryptocurrencies. Especially the older generation. A lot of people have a hard time perceiving innovation, so the cryptocurrency will not be easy to develop in such conditions.

tanglong

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There are also many predictions, cryptocurrency is becoming popular, developed and used more. But the dollar is more interested, it takes time more for crypto.

SaltedCrypto

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Eventually many people will realize how bitcoin can really replace dollar and from that we will not longer see the Bitcoin price in USD because Bitcoin will the default currency

stiletos

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With the current trade wars, and level of inflation, it is only wise to see that this predictions are correct! I believe sooner than later, it would become clearer that the world economy needs a stable financial system that guarantees that the level of inflation stays as low as possible then tools to assist with this would be searched for, I believe bitcoin is one of such tools.

WebTera

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I can't consider national money a fraud, but the fact that using bitcoin is much better is a fact. Digital currencies are much safer than the usual us dollars and Fiat.

zeingrind777

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Quote from: trader_999 on October 04, 2018, 08:13:26 AM

Quote from: florianuhlemann on October 04, 2018, 04:10:15 AM

Cryptocurrencies look like a logical continuation of Fiat money, remember the evolution of the form of money and understand it

but we are so far. a lot of way to go. mass adoption/crypto evolution will not come within a short time frame. but I am believe that fiat will collapse, mb in 100 years, but it will.

100 years is a very long time to destroy fiat into cryptocurrency. Maybe even those of us here will not experience such a period and we will not be able to see how fiat payments are replaced by cryptocurrency.

gowobonyok

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bitcoin has a more stable global exchange rate and does not cause inflation, and I think that prediction can be true. if all countries use bitcoin as their exchange rate, it's not impossible the dollar is really nearing its end.

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